Print Page      Close Window     

SEC Filings

10-Q
FOREST CITY REALTY TRUST, INC. filed this Form 10-Q on 10/30/2018
Entire Document
 

PART I – FINANCIAL INFORMATION
Item 1. Financial Statements
Forest City Realty Trust, Inc. and Subsidiaries
Consolidated Balance Sheets
(Unaudited)
 
September 30, 2018
 
 
(Unaudited)
December 31, 2017
 
(in thousands)
Assets
 
 
Real Estate
 
 
Completed rental properties
$
7,413,450

$
7,154,607

Projects under construction and development
435,892

568,552

Land inventory
72,885

57,296

Total Real Estate
7,922,227

7,780,455

Less accumulated depreciation
(1,554,126
)
(1,484,163
)
Real Estate, net – (variable interest entities $1,883.6 million and $2,383.2 million, respectively)
6,368,101

6,296,292

Cash and cash equivalents – (variable interest entities $58.3 million and $55.3 million, respectively)
485,941

204,260

Restricted cash – (variable interest entities $121.6 million and $65.5 million, respectively)
211,572

146,131

Accounts receivable, net – (variable interest entities $57.4 million and $52.6 million, respectively)
224,788

225,022

Notes receivable – (variable interest entities $168.4 million and $132.8 million, respectively)
423,737

398,785

Investments in and advances to unconsolidated entities
533,482

550,362

Other assets – (variable interest entities $60.3 million and $66.6 million, respectively)
299,711

242,435

Assets held for sale
29,014


Total Assets
$
8,576,346

$
8,063,287

Liabilities and Equity
 
 
Liabilities
 
 
Nonrecourse mortgage debt and notes payable, net – (variable interest entities $1,376.0 million and $1,448.2 million, respectively)
$
3,163,987

$
2,998,361

Revolving credit facility


Term loan, net
333,967

333,668

Convertible senior debt, net
31,802

112,637

Accounts payable, accrued expenses and other liabilities – (variable interest entities $225.0 million and $259.9 million, respectively)
578,036

650,022

Cash distributions and losses in excess of investments in unconsolidated entities
84,810

123,882

Liabilities on assets held for sale
10,022


Total Liabilities
4,202,624

4,218,570

Commitments and Contingencies


Equity
 
 
Stockholders’ Equity
 
 
Preferred stock – $.01 par value, respectively; 20,000,000 shares authorized, no shares issued


Class A Common Stock - $.01 par value, 371,000,000 shares authorized, 269,971,834 and 265,343,283 shares issued and outstanding, respectively
2,700

2,653

Additional paid-in capital
2,626,442

2,537,538

Retained earnings
1,516,012

896,806

Accumulated other comprehensive loss
(3,750
)
(8,563
)
Total Stockholders’ Equity
4,141,404

3,428,434

Noncontrolling interest
232,318

416,283

Total Equity
4,373,722

3,844,717

Total Liabilities and Equity
$
8,576,346

$
8,063,287


The accompanying notes are an integral part of these consolidated financial statements.
2