Vornado realty trust (VNO)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07
REVENUES:
Real Estate [Abstract]
Revenues

1,924

2,163

2,084

1,662

1,626

1,911

1,880

1,771

2,091

2,093

2,148

2,160

1,972

Tenant expense reimbursements

-

-

-

221

218

245

226

207

307

317

351

353

323

Cleveland Medical Mart development project

-

-

-

-

-

-

36

235

154

0

0

-

-

Total revenues

-

-

-

2,003

1,985

2,312

2,299

2,332

2,702

2,558

2,655

2,640

2,405

EXPENSES:
Operating

917

963

886

844

824

953

928

891

984

983

1,050

1,853

1,590

Depreciation and amortization

419

446

429

421

379

481

461

435

516

494

519

529

440

General and administrative

169

141

150

143

149

169

177

167

208

211

230

193

189

Benefit (expense) from deferred compensation plan liability

11

-2

6

5

-

-

-

-

-

-

-

-

-

Transaction related costs, impairment losses and other

106

31

1

-

-

-

-

-

-

-

-

-

-

Real Estate Acquisition and Related Transaction Cost

-

-

-

9

12

18

-

-

-

-

-

-

-

Cleveland Medical Mart development project

-

-

-

-

-

-

32

226

145

0

0

-

-

Skyline properties impairment loss

-

-

-

-

-

0

24

17

35

109

73

81

10

Total expenses

1,625

1,580

1,475

1,423

1,366

1,622

1,624

1,738

1,890

1,799

1,874

1,048

950

Operating income

-

-

-

579

619

689

674

594

812

759

781

787

815

Income from real estate fund investments

-

-

-

168

-9

163

102

63

22

-0

0

0

-

Income from partially owned entities

78

9

15

-

-

-59

-340

423

118

92

72

-156

31

Loss from real estate fund investments

-104

-89

3

-23

74

-

-

-

-

-

-

-

-

Income applicable to Alexander's

-

-

-

-

-

-

-

-

-

-

-

-

50

(Loss) income applicable to Toys "R" Us

-

-

-

-

-

-

-

-

-

-

-

-

-14

Interest and other investment (loss) income, net

21

17

30

24

27

38

-24

-261

148

235

-116

-2

226

(Loss) income from deferred compensation plan assets

11

-2

6

5

-

-

-

-

-

-

-

-

-

Interest and debt expense

286

347

345

330

309

412

425

431

519

539

617

619

599

Net gain on transfer to Fifth Avenue and Times Square JV

2,571

0

0

-

-

-

-

-

-

-

-

-

-

Purchase price fair value adjustment

0

44

0

0

-

-

-

-

-

-

-

-

-

Gain (Loss) on Disposition of Assets

845

246

0

-

-

-

-

-

-

-

-

-

-

Net gain on extinguishment of Skyline properties debt

-

-

-

-

-

0

-

-

-

94

-25

9

0

Gains (Losses) on Sales of Investment Real Estate

-

-

-

160

149

13

2

4

15

81

5

7

39

(Loss) income before income taxes

3,437

459

319

584

550

432

-12

393

598

723

99

25

549

Income Tax Expense (Benefit)

103

37

42

7

-85

9

-8

8

23

22

20

-204

9

(Loss) income from continuing operations

3,334

421

277

577

635

423

-3

385

574

701

78

230

540

Loss from discontinued operations

-0

0

-13

404

223

585

568

308

165

6

49

180

-67

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

3,334

422

264

981

859

1,009

564

694

740

708

128

411

607

Less net loss (income) attributable to noncontrolling interests in:
Noncontrolling Interest in Net Income (Loss) Joint Venture Partners, Nonredeemable

-24

-53

25

21

55

96

63

32

21

4

-2

-3

-

Net Income (Loss) Attributable to Redeemable Noncontrolling Interest

210

25

10

53

43

47

24

35

41

44

-

-

-

Preferred unit distributions of the Operating Partnership

-

-

-

-

-

-

-

9

14

11

-

-

-

Less net income attributable to noncontrolling interests in: Operating Partnership, including unit distributions

-

-

-

-

-

-

-

-

-

-

25

55

-

Net income attributable to noncontrolling interests, including unit distributions

-

-

-

-

-

-

-

-

-

-

-

-

66

Net Income (Loss) Attributable to Parent

3,147

449

227

906

760

864

475

617

662

647

106

359

541

Preferred share dividends / unit distributions

50

50

65

75

80

81

82

76

65

55

57

57

57

Preferred share / unit issuance costs

0

14

0

7

0

0

-1

8

5

4

0

0

-

NET INCOME attributable to common shareholders / Class A unitholders

3,097

384

162

823

679

783

392

549

601

596

49

302

484

INCOME PER COMMON SHARE - BASIC:
Income from continuing operations, net (in dollars per share)

16.23

2.02

0.92

2.35

2.49

1.23

-0.75

1.38

2.42

3.24

0.01

0.89

2.78

Loss from discontinued operations, net (in dollars per share)

0.00

0.00

-0.07

2.01

1.12

2.95

2.85

1.57

0.84

0.03

0.27

1.07

0.40

Net income per common share (in dollars per share)

16.23

2.02

0.85

4.36

3.61

4.18

2.10

2.95

3.26

3.27

0.28

1.96

3.18

Weighted average shares outstanding, basic (in shares)

190

190

189

188

188

187

186

185

184

182

171

153

151

INCOME PER COMMON SHARE - DILUTED:
Income from continuing operations, net (in dollars per share)

16.21

2.01

0.91

2.34

2.48

1.22

-0.75

1.38

2.40

3.21

0.01

0.87

2.66

Loss from discontinued operations, net (in dollars per share)

0.00

0.00

-0.06

2.00

1.11

2.93

2.84

1.56

0.83

0.03

0.27

1.04

0.39

Net income per common share (in dollars per share)

16.21

2.01

0.85

4.34

3.59

4.15

2.09

2.94

3.23

3.24

0.28

1.91

3.05

Weighted average shares outstanding, diluted (in shares)

191

191

191

190

189

188

187

186

186

184

173

158

158

Rental revenues
Revenues

1,767

2,007

1,948

-

-

-

-

-

-

-

-

-

-

Fee and other income
Revenues

157

156

135

120

139

155

155

119

149

146

155

126

109

Vornado Realty L.P.
Revenues

1,924

2,163

2,084

1,662

-

-

-

-

-

-

-

-

-

Tenant expense reimbursements

-

-

-

221

-

-

-

-

-

-

-

-

-

Fee And Other Income

-

-

-

120

-

-

-

-

-

-

-

-

-

Total revenues

-

-

-

2,003

-

-

-

-

-

-

-

-

-

Operating

917

963

886

844

-

-

-

-

-

-

-

-

-

Depreciation and amortization

419

446

429

421

-

-

-

-

-

-

-

-

-

General and administrative

169

141

150

143

-

-

-

-

-

-

-

-

-

Benefit (expense) from deferred compensation plan liability

11

-2

6

5

-

-

-

-

-

-

-

-

-

Transaction related costs, impairment losses and other

106

31

1

-

-

-

-

-

-

-

-

-

-

Real Estate Acquisition and Related Transaction Cost

-

-

-

9

-

-

-

-

-

-

-

-

-

Total expenses

1,625

1,580

1,475

1,423

-

-

-

-

-

-

-

-

-

Operating income

-

-

-

579

-

-

-

-

-

-

-

-

-

Income from partially owned entities

78

9

15

-

-

-

-

-

-

-

-

-

-

Income from real estate fund investments

-

-

-

168

-

-

-

-

-

-

-

-

-

Loss from real estate fund investments

-104

-89

3

-23

-

-

-

-

-

-

-

-

-

Interest and other investment (loss) income, net

21

17

30

24

-

-

-

-

-

-

-

-

-

(Loss) income from deferred compensation plan assets

11

-2

6

5

-

-

-

-

-

-

-

-

-

Interest and debt expense

286

347

345

330

-

-

-

-

-

-

-

-

-

Net gain on transfer to Fifth Avenue and Times Square JV

2,571

0

0

-

-

-

-

-

-

-

-

-

-

Purchase price fair value adjustment

0

44

0

0

-

-

-

-

-

-

-

-

-

Gain (Loss) on Disposition of Assets

845

246

0

-

-

-

-

-

-

-

-

-

-

Net gains on disposition of wholly owned and partially owned assets

-

-

-

160

-

-

-

-

-

-

-

-

-

(Loss) income before income taxes

3,437

459

319

584

-

-

-

-

-

-

-

-

-

Income Tax Expense (Benefit)

103

37

42

7

-

-

-

-

-

-

-

-

-

(Loss) income from continuing operations

3,334

421

277

577

-

-

-

-

-

-

-

-

-

Loss from discontinued operations

-0

0

-13

404

-

-

-

-

-

-

-

-

-

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

3,334

422

264

981

-

-

-

-

-

-

-

-

-

Noncontrolling Interest in Net Income (Loss) Joint Venture Partners, Nonredeemable

-24

-53

25

21

-

-

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Redeemable Noncontrolling Interest

210

25

10

53

-

-

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Parent

3,358

475

238

960

-

-

-

-

-

-

-

-

-

Preferred share dividends / unit distributions

50

50

65

76

-

-

-

-

-

-

-

-

-

Preferred share / unit issuance costs

0

14

0

-

-

-

-

-

-

-

-

-

-

Preferred share / unit issuance cost

-

-

-

7

-

-

-

-

-

-

-

-

-

NET INCOME attributable to common shareholders / Class A unitholders

3,308

410

172

877

-

-

-

-

-

-

-

-

-

Income from continuing operations, net (in dollars per share)

16.22

2.01

0.91

2.34

-

-

-

-

-

-

-

-

-

Income (loss) from discontinued operations, net (in dollars per share)

0.00

0.01

-0.07

2.02

-

-

-

-

-

-

-

-

-

Net income per Class A unit (in dollars per unit)

16.22

2.02

0.84

4.36

-

-

-

-

-

-

-

-

-

Weighted average units outstanding, basic (in shares)

202

202

201

200

-

-

-

-

-

-

-

-

-

Income from continuing operations, net (in dollars per share)

16.19

2.00

0.90

2.32

-

-

-

-

-

-

-

-

-

Loss from discontinued operations, net (in dollars per share)

0.00

0.00

-0.07

2.00

-

-

-

-

-

-

-

-

-

Net income per Class A unit (in dollars per unit)

16.19

2.00

0.83

4.32

-

-

-

-

-

-

-

-

-

Weighted average units outstanding, diluted (in shares)

203

203

203

202

-

-

-

-

-

-

-

-

-