Sl green realty corp (SLG)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Operating Activities
Net income

291,487

270,856

101,069

278,911

317,459

545,863

151,283

209,700

677,122

319,156

71,665

404,048

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

284,011

289,899

418,798

845,605

588,238

400,001

357,599

351,539

292,311

240,445

235,200

229,510

Equity in net loss from unconsolidated joint ventures

-34,518

7,311

21,892

11,874

13,028

26,537

9,921

76,418

1,583

39,607

62,878

59,961

Distributions of cumulative earnings from unconsolidated joint ventures

864

10,277

20,309

24,337

40,759

28,859

34,997

91,145

11,185

27,472

40,677

67,136

Equity in net gain on sale of interest in unconsolidated joint venture interest/real estate

76,181

303,967

16,166

44,009

15,844

123,253

3,601

37,053

2,918

128,921

6,691

103,056

Purchase price and other fair value adjustments

69,389

57,385

0

0

40,078

71,446

-2,305

0

498,195

-

-

-

Depreciable real estate reserves and impairment

-7,047

-227,543

-178,520

-10,387

-19,226

0

-2,150

0

-5,789

-2,750

-

-

(Gain) loss on sale of real estate, net

-16,749

-30,757

73,241

238,116

175,974

0

0

-

-

-

-

-

Loan loss reserves and other investment reserves, net of recoveries

0

6,839

0

0

-

-

-

-

-

-

-

-

Gain on sale of discontinued operations

-

-

-

-

14,122

163,059

14,900

6,627

46,085

35,485

-6,841

348,573

Gain on sale of debt securities

-

-

-

-

-

-

-

-

19,840

-

-

-

Loan loss and other investment reserves, net of recoveries

-

-

-

-

-

-

-

564

6,722

17,751

150,510

115,882

Gain on sale of investments in marketable securities

0

0

3,262

-83

0

3,895

0

4,940

4,866

490

-396

-147,489

Loss on early extinguishment of debt

0

-17,083

0

0

-49

-32,365

-10,963

-6,978

904

-1,900

86,006

77,465

Deferred rents receivable

13,941

18,216

38,009

-26,716

136,924

56,362

56,739

66,079

87,230

47,223

26,267

38,866

Non-cash lease expense

13,744

2,016

1,020

-

-

-

-

-

-

-

-

-

Other non-cash adjustments

-271

-2,932

-19,621

152,428

20,671

28,559

37,843

18,868

-523

749

2,534

38,502

Changes in operating assets and liabilities:
Restricted cashoperations

-

-

-

-

-11,289

-861

-2,037

13,812

681

-4,513

-16,219

13,283

Tenant and other receivables

4,968

-6,968

5,717

-4,780

6,405

-1,978

7,570

10,998

4,720

-271

-11,026

-11,553

Related party receivables

-7,802

1,044

7,209

5,183

-1,278

3,673

917

3,529

-2,461

-2,398

894

-5,505

Deferred lease costs

70,938

44,158

41,939

70,707

61,005

53,333

52,228

48,368

38,412

42,035

21,202

39,709

Other assets

18,630

8,310

23,068

-9,899

-18,501

-9,340

-2,904

35,932

-4,029

-4,860

28,863

3,594

Accounts payable, accrued expenses, other liabilities and security deposits

-25,597

4,410

-12,440

-35,628

8,634

-7,796

-1,473

9,389

10,704

-3,706

-14,761

-49,295

Deferred revenue

10,824

12,348

46,607

1,237

5,102

9,027

7,157

62

1,706

-2,242

-7,227

10,188

Change in lease liability - operating leases

-11,200

0

0

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

376,473

441,537

543,001

644,010

526,484

490,381

386,203

346,753

307,118

321,058

275,211

296,011

Investing Activities
Acquisitions of real estate property

262,591

60,486

28,680

39,890

2,653,311

1,039,530

594,595

544,568

446,756

270,614

16,059

67,751

Additions to land, buildings and improvements

252,986

254,460

336,001

411,950

406,442

369,887

196,571

148,148

159,100

108,145

90,971

132,375

Acquisition deposits and deferred purchase price

5,239

0

0

-

101,000

8,461

7,672

70,080

-29,281

40,215

5,318

-11,376

Investments in unconsolidated joint ventures

128,682

400,429

389,249

145,375

161,712

382,010

150,274

215,174

109,920

87,844

107,716

45,776

Distributions in excess of cumulative earnings from unconsolidated joint ventures

79,020

233,118

319,745

196,211

98,639

236,181

42,720

127,876

112,359

-52,920

-38,846

-458,236

Net proceeds from disposition of real estate/joint venture interest

208,302

1,231,004

692,796

2,475,954

1,216,785

820,599

227,615

178,485

160,548

623,121

27,946

-206,782

Purchases of marketable securities

-

-

-

43,341

7,769

14,364

11,493

6,660

28,570

-

-

-

Proceeds from sale of marketable securities

0

0

55,129

7,000

1,426

8,248

2,370

11,070

40,248

-

-

-

Other investments

7,869

38,912

-25,330

-7,704

15,806

7,448

43,163

36,750

-537

-32,607

47,719

-8,168

Origination of debt and preferred equity investments

607,844

731,216

1,129,970

977,413

756,939

617,090

555,137

645,229

-

-

-

-

Repayments or redemption of debt and preferred equity investments

1,092,383

703,043

812,914

904,517

520,218

576,927

657,765

185,775

-332,482

-183,015

-144,388

-42,441

Net cash (used in) provided by investing activities

114,494

681,662

22,014

1,973,382

-2,265,911

-796,835

-628,435

-1,163,403

-733,855

18,815

-345,379

396,219

Financing Activities
Proceeds from mortgages and other loans payable

752,984

564,391

870,459

408,293

1,849,293

2,151,603

1,257,172

1,230,167

826,000

168,360

192,399

161,577

Repayments of mortgages and other loans payable

230,076

868,842

902,460

1,822,303

781,236

2,201,999

1,085,220

684,954

765,378

149,832

169,688

26,233

Payment of debt extinguishment costs

0

13,918

0

0

0

50,150

0

6,909

-

-

-

-

Proceeds from revolving credit facility and senior unsecured notes

1,310,000

3,120,000

2,784,599

1,325,300

2,515,000

1,908,000

1,164,000

1,751,480

1,901,068

670,992

30,433

1,663,970

Repayments of revolving credit facility and senior unsecured notes

1,570,000

2,560,000

2,276,782

2,334,604

1,706,007

1,386,588

1,020,215

1,577,756

2,043,144

1,046,626

646,317

1,434,112

Proceeds from stock options exercised and DRSPP issuance

334

29,048

23,537

15,109

115,917

25,275

12,971

112,743

10,211

14,535

619

7,372

Proceeds from sale of common stock

-

-

-

-

124,761

185,321

290,699

201,279

516,168

-

387,138

-

Repurchase of common stock

384,399

979,541

806,302

0

0

-

-

-

-

-

-

151,986

Net proceeds from sale of preferred stock

-

-

-

-

-

-

-

221,965

0

122,041

-

-

Redemption of preferred stock

18,142

1,208

275

3,299

200

2,000

192,533

200,013

0

-

-

-

Redemption of OP units

27,495

33,972

0

0

-

-

-

-

-

-

-

-

Sale or purchase of treasury stock

-

-

-

-

-

-

-7,120

14,150

5,486

-

-

-

Distributions to noncontrolling interests in other partnerships

478

8,364

52,446

15,419

119,784

7,019

14,623

21,946

143,578

13,489

19,617

54,566

Contributions from noncontrolling interests in other partnerships

10,239

5,459

36,275

2,359

12,674

30,675

8,164

25,894

0

2,788

-

39,883

Acquisition of subsidiary interest from noncontrolling interest

25,845

0

0

-

-

-

-

-

-

-

-

-

Redemption of noncontrolling interests in operating partnership

-

-

-

-

-

-

-

-

-

13,012

-

-

Distributions to noncontrolling interests in the Operating Partnership

14,729

15,000

14,266

12,671

9,710

7,849

4,146

3,296

727

511

2,170

6,405

Dividends / Distributions paid on common and preferred stock / units

306,386

313,230

333,543

314,079

257,378

206,974

148,407

121,238

63,866

58,984

78,321

203,134

Other obligations related to loan participations

0

16

17,227

59,150

25,000

0

0

5,000

35,850

-

-

-

Tax withholdings related to restricted share awards

3,495

3,842

3,879

3,162

-

-

-

-

-

-

-

-

Deferred loan costs

21,162

15,109

27,100

41,076

54,913

57,124

16,042

49,824

35,019

47,020

7,482

7,671

Net cash provided by financing activities

-528,650

-1,094,112

-684,956

-2,736,402

1,713,417

381,171

258,940

868,442

232,099

-350,758

-313,006

-11,305

Net increase in cash, cash equivalents, and restricted cash

-37,683

29,087

-119,941

-119,010

-26,010

74,717

16,708

51,792

-194,638

-10,885

-383,174

680,925

Supplemental Cash Flow Information [Abstract]
Interest paid

248,684

259,776

273,819

344,295

345,110

348,230

325,903

322,469

277,109

222,904

257,393

305,022

Income taxes paid

1,489

1,418

2,448

2,009

3,882

4,056

2,666

17

138

1,041

818

906

Supplemental Disclosure of Non-Cash Investing and Financing Activities:
Issuance of common stock as deferred compensation

-

-

-

-

-

-

164

722

699

-

-

-

Issuance of units in the operating partnership

0

0

25,723

78,495

30,506

56,469

24,750

42,239

-

-

-

-

Conversion of units in the Operating Partnership

471

16,303

21,574

31,806

55,697

31,653

17,287

87,513

865

-

-

-

Redemption of units in the operating partnership for a joint venture sale

0

10,445

0

0

-

-

-

-

-

-

-

-

Derivative instruments at fair value

-

-

-

-

1,816

11,230

636

92

1,870

-

-

-

Exchange of debt investment for real estate or equity in joint venture

34,498

298,956

0

68,581

10,151

0

0

25,362

286,571

-

-

-

Transfer of restricted cash to operating cash and cash equivalents as a result of sale

-

-

-

-

-

0

0

-

-

-

-

-

Acquisition of subsidiary interest from noncontrolling interest

-

-

-

-

20,630

0

0

-

-

-

-

-

Tenant improvements and capital expenditures payable

6,056

0

6,667

15,972

7,755

9,408

502

1,738

3,990

-

-

-

Mortgage assigned to joint venture

-

-

-

-

-

150,000

0

0

30,000

-

-

-

Fair value adjustment to noncontrolling interest in the Operating Partnership

34,320

34,236

5,712

4,222

20,915

168,439

45,618

61,238

39,040

-

-

-

Accrued acquisition liabilities

-

-

-

-

-

-

-

-

34,500

-

-

-

Assumption of mortgage loan

-

-

-

-

112,795

16,000

84,642

0

943,767

-

-

-

Capital lease assets

-

-

-

-

20,000

0

9,992

28,132

0

-

-

-

Reclassification of development costs from other assets to real estate

-

-

-

-

47,519

0

0

-

-

-

-

-

Deconsolidation of a subsidiary

395

298,404

695,204

1,226,425

27,435

112,095

0

104,107

0

-

-

-

Transfer of financing receivable to debt investment

-

-

-

-

-

19,675

0

0

-

-

-

-

Deferred leasing payable

-

-

-

-

-

8,667

5,024

91

-

-

-

-

Consolidation of real estate investmentsnoncontrolling interest in other partnerships

-

-

-

-

-

-

-

-

87,264

-

-

-

Repayment of mezzanine loans

-

-

-

-

-

-

-

13,750

0

-

-

-

Repayment of financing receivable

-

-

-

-

-

-

-

28,195

0

-

-

-

Investment in Joint Venture

-

-

-

-

-

88,957

0

5,135

0

-

-

-

Transfer of assets to assets held for sale

391,664

0

611,809

2,048,376

34,981

462,430

0

4,901

0

-

-

-

Transfer of liabilities related to assets held for sale

0

0

5,364

1,677,528

29,000

266,873

0

136

0

-

-

-

Consolidation of real estate investment

-

-

-

-

158,566

1,316,591

90,934

0

1,156,929

-

-

-

Removal of fully depreciated commercial real estate properties

19,577

124,249

15,488

31,474

241,910

0

0

-

-

-

-

-

Issuance of stock/units

-

-

-

-

-

-

-

47,550

0

-

-

-

Issuance of SLG's common stock to a consolidated joint venture

-

-

-

114,049

10,000

0

0

-

-

-

-

-

Contribution to consolidated joint venture by noncontrolling interest

48,223

0

0

-

22,504

0

0

-

-

-

-

-

Share repurchase payable

0

0

41,746

0

0

-

-

-

-

-

-

-

Recognition of right of use assets and related lease liabilities

389,120

0

0

-

-

-

-

-

-

-

-

-

SL Green Operating Partnership
Net income

291,487

270,856

101,069

278,911

-

-

-

-

-

-

-

-

Depreciation and amortization

284,011

289,899

418,798

845,605

-

-

-

-

-

-

-

-

Equity in net loss from unconsolidated joint ventures

-34,518

7,311

21,892

11,874

-

-

-

-

-

-

-

-

Distributions of cumulative earnings from unconsolidated joint ventures

864

10,277

20,309

24,337

-

-

-

-

-

-

-

-

Equity in net gain on sale of interest in unconsolidated joint venture interest/real estate

76,181

303,967

16,166

44,009

-

-

-

-

-

-

-

-

Purchase price and other fair value adjustments

69,389

57,385

0

0

-

-

-

-

-

-

-

-

Depreciable real estate reserves and impairment

-7,047

-227,543

-178,520

-10,387

-

-

-

-

-

-

-

-

(Gain) loss on sale of real estate, net

-16,749

-30,757

73,241

238,116

-

-

-

-

-

-

-

-

Loan loss reserves and other investment reserves, net of recoveries

0

6,839

0

0

-

-

-

-

-

-

-

-

Gain on sale of investments in marketable securities

0

0

3,262

-83

-

-

-

-

-

-

-

-

Loss on early extinguishment of debt

0

-17,083

0

0

-

-

-

-

-

-

-

-

Deferred rents receivable

13,941

18,216

38,009

-26,716

-

-

-

-

-

-

-

-

Non-cash lease expense

13,744

2,016

1,020

-

-

-

-

-

-

-

-

-

Other non-cash adjustments

-271

-2,932

-19,621

152,428

-

-

-

-

-

-

-

-

Tenant and other receivables

4,968

-6,968

5,717

-4,780

-

-

-

-

-

-

-

-

Related party receivables

-7,802

1,044

7,209

5,183

-

-

-

-

-

-

-

-

Deferred lease costs

70,938

44,158

41,939

70,707

-

-

-

-

-

-

-

-

Other assets

18,630

8,310

23,068

-9,899

-

-

-

-

-

-

-

-

Accounts payable, accrued expenses, other liabilities and security deposits

-25,597

4,410

-12,440

-35,628

-

-

-

-

-

-

-

-

Deferred revenue

10,824

12,348

46,607

1,237

-

-

-

-

-

-

-

-

Change in lease liability - operating leases

-11,200

0

0

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

376,473

441,537

543,001

644,010

-

-

-

-

-

-

-

-

Acquisitions of real estate property

262,591

60,486

28,680

39,890

-

-

-

-

-

-

-

-

Additions to land, buildings and improvements

252,986

254,460

336,001

411,950

-

-

-

-

-

-

-

-

Acquisition deposits and deferred purchase price

5,239

0

0

-

-

-

-

-

-

-

-

-

Investments in unconsolidated joint ventures

128,682

400,429

389,249

145,375

-

-

-

-

-

-

-

-

Distributions in excess of cumulative earnings from unconsolidated joint ventures

79,020

233,118

319,745

196,211

-

-

-

-

-

-

-

-

Net proceeds from disposition of real estate/joint venture interest

208,302

1,231,004

692,796

2,475,954

-

-

-

-

-

-

-

-

Proceeds from sale of marketable securities

0

0

55,129

6,965

-

-

-

-

-

-

-

-

Purchases of marketable securities

-

-

-

43,341

-

-

-

-

-

-

-

-

Other investments

7,869

38,912

-25,330

-7,704

-

-

-

-

-

-

-

-

Origination of debt and preferred equity investments

607,844

731,216

1,129,970

977,413

-

-

-

-

-

-

-

-

Repayments or redemption of debt and preferred equity investments

1,092,383

703,043

812,914

904,517

-

-

-

-

-

-

-

-

Net cash (used in) provided by investing activities

114,494

681,662

22,014

1,973,382

-

-

-

-

-

-

-

-

Proceeds from mortgages and other loans payable

752,984

564,391

870,459

408,293

-

-

-

-

-

-

-

-

Repayments of mortgages and other loans payable

230,076

868,842

902,460

1,822,303

-

-

-

-

-

-

-

-

Proceeds from revolving credit facility and senior unsecured notes

1,310,000

3,120,000

2,784,599

1,325,300

-

-

-

-

-

-

-

-

Repayments of revolving credit facility and senior unsecured notes

1,570,000

2,560,000

2,276,782

2,334,604

-

-

-

-

-

-

-

-

Payment of debt extinguishment costs

0

13,918

0

0

-

-

-

-

-

-

-

-

Proceeds from stock options exercised and DRSPP issuance

334

29,048

23,537

15,109

-

-

-

-

-

-

-

-

Repurchase of common stock

384,399

979,541

806,302

0

-

-

-

-

-

-

-

-

Redemption of preferred stock

18,142

1,208

275

3,299

-

-

-

-

-

-

-

-

Redemption of OP units

27,495

33,972

0

0

-

-

-

-

-

-

-

-

Distributions to noncontrolling interests in other partnerships

478

8,364

52,446

15,419

-

-

-

-

-

-

-

-

Contributions from noncontrolling interests in other partnerships

10,239

5,459

36,275

2,359

-

-

-

-

-

-

-

-

Acquisition of subsidiary interest from noncontrolling interest

25,845

0

0

-

-

-

-

-

-

-

-

-

Dividends / Distributions paid on common and preferred stock / units

321,115

328,230

347,809

326,750

-

-

-

-

-

-

-

-

Other obligations related to loan participations

0

16

17,227

59,150

-

-

-

-

-

-

-

-

Tax withholdings related to restricted share awards

3,495

3,842

3,879

3,162

-

-

-

-

-

-

-

-

Deferred loan costs

21,162

15,109

27,100

41,076

-

-

-

-

-

-

-

-

Net cash provided by financing activities

-528,650

-1,094,112

-684,956

-2,736,402

-

-

-

-

-

-

-

-

Net increase in cash, cash equivalents, and restricted cash

-37,683

29,087

-119,941

-119,010

-

-

-

-

-

-

-

-

Interest paid

248,684

259,776

273,819

344,295

-

-

-

-

-

-

-

-

Income taxes paid

1,489

1,418

2,448

2,009

-

-

-

-

-

-

-

-

Issuance of units in the operating partnership

0

0

25,723

78,495

-

-

-

-

-

-

-

-

Conversion of units in the Operating Partnership

471

16,303

21,574

31,806

-

-

-

-

-

-

-

-

Redemption of units in the operating partnership for a joint venture sale

0

10,445

0

0

-

-

-

-

-

-

-

-

Exchange of debt investment for real estate or equity in joint venture

34,498

298,956

0

68,581

-

-

-

-

-

-

-

-

Tenant improvements and capital expenditures payable

6,056

0

6,667

15,972

-

-

-

-

-

-

-

-

Fair value adjustment to noncontrolling interest in the Operating Partnership

34,320

34,236

5,712

4,222

-

-

-

-

-

-

-

-

Deconsolidation of a subsidiary

395

298,404

695,204

1,226,425

-

-

-

-

-

-

-

-

Transfer of assets to assets held for sale

391,664

0

611,809

2,048,376

-

-

-

-

-

-

-

-

Transfer of liabilities related to assets held for sale

0

0

5,364

1,677,528

-

-

-

-

-

-

-

-

Removal of fully depreciated commercial real estate properties

19,577

124,249

15,488

31,474

-

-

-

-

-

-

-

-

Issuance of SLG's common stock to a consolidated joint venture

-

-

-

114,049

-

-

-

-

-

-

-

-

Contribution to consolidated joint venture by noncontrolling interest

48,223

0

0

-

-

-

-

-

-

-

-

-

Share repurchase payable

0

0

41,746

0

-

-

-

-

-

-

-

-

Recognition of right of use assets and related lease liabilities

389,120

0

0

-

-

-

-

-

-

-

-

-

Preferred Units
Issuance of preferred units relating to the real estate acquisition

1,000

0

0

22,793

-

-

-

-

-

-

-

-