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Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
Rental and related revenue $ 169,611 $ 162,322 $ 507,123 $ 480,819
General contractor and service fee revenue 25,217 19,351 58,192 68,546
Revenues, total 194,828 181,673 565,315 549,365
Expenses:        
Rental expenses 16,224 16,933 46,967 54,685
Real estate taxes 28,157 26,001 81,569 75,687
General contractor and other services expenses 24,079 17,182 54,077 60,330
Depreciation and amortization 67,992 61,820 197,028 182,489
Costs and expenses, total 136,452 121,936 379,641 373,191
Other operating activities:        
Equity in earnings of unconsolidated companies 1,841 12,010 58,523 37,404
Gain on dissolution of unconsolidated company 0 0 0 30,697
Promote income 0 2,212 20,007 26,299
Gain on sale of properties 21,952 82,698 93,339 137,589
Gain on land sales 5,665 1,601 8,449 2,438
Other operating expenses (770) (1,424) (2,226) (3,496)
Impairment charges (3,622) (3,042) (4,481) (15,098)
General and administrative expenses (10,075) (12,534) (41,165) (42,216)
Other Operating Activities, Net 14,991 81,521 132,446 173,617
Operating income 73,367 141,258 318,120 349,791
Other income (expenses):        
Interest and other income, net 6,404 507 9,197 3,597
Interest expense (20,835) (27,283) (65,401) (87,255)
Loss on debt extinguishment (16,568) (6,243) (26,104) (8,673)
Acquisition-related activity 0 (7) 0 (82)
Income from continuing operations before income taxes 42,368 108,232 235,812 257,378
Income tax (expense) benefit (359) 359 (7,918) 173
Income from continuing operations 42,009 108,591 227,894 257,551
Discontinued operations:        
Income before gain on sales 2,563 4,249 17,747 9,062
Gain on sale of depreciable properties 120,179 319 1,229,270 485
Income tax (expense) benefit 876 0 (10,736) 0
Income from discontinued operations 123,618 4,568 1,236,281 9,547
Net income 165,627 113,159 1,464,175 267,098
Net income attributable to noncontrolling interests (358) (1,145) (18,163) (2,710)
Net income attributable to common shareholders $ 165,269 $ 112,014 $ 1,446,012 $ 264,388
Basic net income per common share/unit:        
Continuing operations attributable to common shareholders/unitholders $ 0.12 $ 0.31 $ 0.63 $ 0.72
Discontinuing operations attributable to common shareholders/unitholders 0.34 0.01 3.43 0.03
Earnings Per Share, Basic 0.46 0.32 4.06 0.75
Diluted net income per common share/unit:        
Continuing operations attributable to common shareholders/unitholders 0.12 0.31 0.63 0.72
Discontinued operations attributable to common shareholders/unitholders 0.34 0.01 3.40 0.03
Earnings Per Share, Diluted $ 0.46 $ 0.32 $ 4.03 $ 0.75
Weighted average number of common shares/units outstanding 355,905 351,856 355,614 348,341
Weighted average number of common shares/units and potential dilutive securities 362,102 358,981 361,947 355,405
Comprehensive income:        
Net income $ 165,627 $ 113,159 $ 1,464,175 $ 267,098
Other comprehensive loss:        
Amortization of interest contracts 0 (255) (682) (845)
Other 0 (23) 0 (23)
Total other comprehensive loss 0 (278) (682) (868)
Comprehensive income 165,627 112,881 1,463,493 266,230
Duke Realty Limited Partnership [Member]        
Revenues:        
Rental and related revenue 169,611 162,322 507,123 480,819
General contractor and service fee revenue 25,217 19,351 58,192 68,546
Revenues, total 194,828 181,673 565,315 549,365
Expenses:        
Rental expenses 16,224 16,933 46,967 54,685
Real estate taxes 28,157 26,001 81,569 75,687
General contractor and other services expenses 24,079 17,182 54,077 60,330
Depreciation and amortization 67,992 61,820 197,028 182,489
Costs and expenses, total 136,452 121,936 379,641 373,191
Other operating activities:        
Equity in earnings of unconsolidated companies 1,841 12,010 58,523 37,404
Gain on dissolution of unconsolidated company 0 0 0 30,697
Promote income 0 2,212 20,007 26,299
Gain on sale of properties 21,952 82,698 93,339 137,589
Gain on land sales 5,665 1,601 8,449 2,438
Other operating expenses (770) (1,424) (2,226) (3,496)
Impairment charges (3,622) (3,042) (4,481) (15,098)
General and administrative expenses (10,075) (12,534) (41,165) (42,216)
Other Operating Activities, Net 14,991 81,521 132,446 173,617
Operating income 73,367 141,258 318,120 349,791
Other income (expenses):        
Interest and other income, net 6,404 507 9,197 3,597
Interest expense (20,835) (27,283) (65,401) (87,255)
Loss on debt extinguishment (16,568) (6,243) (26,104) (8,673)
Acquisition-related activity 0 (7) 0 (82)
Income from continuing operations before income taxes 42,368 108,232 235,812 257,378
Income tax (expense) benefit (359) 359 (7,918) 173
Income from continuing operations 42,009 108,591 227,894 257,551
Discontinued operations:        
Income before gain on sales 2,563 4,249 17,747 9,062
Gain on sale of depreciable properties 120,179 319 1,229,270 485
Income tax (expense) benefit 876 0 (10,736) 0
Income from discontinued operations 123,618 4,568 1,236,281 9,547
Net income 165,627 113,159 1,464,175 267,098
Net loss (income) attributable to noncontrolling interests 1,177 (14) (4,736) (40)
Net income attributable to common shareholders $ 166,804 $ 113,145 $ 1,459,439 $ 267,058
Basic net income per common share/unit:        
Continuing operations attributable to common shareholders/unitholders $ 0.12 $ 0.31 $ 0.63 $ 0.72
Discontinuing operations attributable to common shareholders/unitholders 0.34 0.01 3.43 0.03
Earnings Per Share, Basic 0.46 0.32 4.06 0.75
Diluted net income per common share/unit:        
Continuing operations attributable to common shareholders/unitholders 0.12 0.31 0.63 0.72
Discontinued operations attributable to common shareholders/unitholders 0.34 0.01 3.40 0.03
Earnings Per Share, Diluted $ 0.46 $ 0.32 $ 4.03 $ 0.75
Weighted average number of common shares/units outstanding 359,206 355,351 358,921 351,840
Weighted average number of common shares/units and potential dilutive securities 362,102 358,981 361,947 355,405
Comprehensive income:        
Net income $ 165,627 $ 113,159 $ 1,464,175 $ 267,098
Other comprehensive loss:        
Amortization of interest contracts 0 (255) (682) (845)
Other 0 (23) 0 (23)
Total other comprehensive loss 0 (278) (682) (868)
Comprehensive income $ 165,627 $ 112,881 $ 1,463,493 $ 266,230