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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
REVENUES:      
Property rentals $ 2,261,811 $ 2,237,707 $ 2,148,975
Tenant expense reimbursements 349,420 355,616 351,290
Cleveland Medical Mart development project 154,080 0 0
Fee and other income 150,354 147,358 155,326
Total Revenues 2,915,665 2,740,681 2,655,591
EXPENSES:      
Operating 1,091,597 1,082,844 1,050,545
Depreciation and amortization 553,811 522,022 519,534
General and administrative 209,981 213,949 230,584
Cleveland Medical Mart development project 145,824 0 0
Tenant buy-outs, impairment losses and other acquisition related costs 58,299 129,458 73,763
Total expenses 2,059,512 1,948,273 1,874,426
Operating income 856,153 792,408 781,165
Income from partially owned entities 120,310 94,062 72,390
Income (loss) from Real Estate Fund (of which $13,598 and $(806), respectively, are attributable to noncontrolling interests) 22,886 (303) 0
Interest and other investment income (loss), net 148,826 235,315 (116,350)
Interest and debt expense (including amortization of deferred financing costs of $20,729, $18,542 and $17,593 respectively) (544,015) (560,052) (617,768)
Net gain (loss) on extinguishment of debt 0 94,789 (25,915)
Net gain on disposition of wholly owned and partially owned assets 15,134 81,432 5,641
Income before income taxes 619,294 737,651 99,163
Income tax expense (24,827) (22,476) (20,642)
Income from continuing operations 594,467 715,175 78,521
Income (loss) from discontinued operations 145,533 (7,144) 49,929
Net income 740,000 708,031 128,450
Net (income) loss attributable to noncontrolling interests in consolidated subsidiaries (21,786) (4,920) 2,839
Net (income) attributable to noncontrolling interests in the Operating Partnership, including unit distributions (55,912) (55,228) (25,120)
Net income attributable to Vornado 662,302 647,883 106,169
Preferred share dividends (65,531) (55,534) (57,076)
Discount on preferred share and unit redemptions 5,000 4,382 0
NET INCOME attributable to common shareholders 601,771 596,731 49,093
INCOME PER COMMON SHARE - BASIC:      
Income from continuing operations, net $ 2.52 $ 3.31 $ 0.01
Income (loss) from discontinued operations, net $ 0.74 $ (0.04) $ 0.27
Net income per common share $ 3.26 $ 3.27 $ 0.28
Weighted average shares 184,308 182,340 171,595
INCOME PER COMMON SHARE - DILUTED:      
Income from continuing operations, net $ 2.50 $ 3.28 $ 0.01
Income (loss) from discontinued operations, net $ 0.73 $ (0.04) $ 0.27
Net income per common share $ 3.23 $ 3.24 $ 0.28
Weighted average shares 186,021 184,159 173,503
Toys R Us [Member]
     
EXPENSES:      
Income from partially owned entities 48,540 71,624 92,300
All Equity Method Investees Excluding Toys [Member]
     
EXPENSES:      
Income from partially owned entities $ 71,770 $ 22,438 $ (19,910)