Consolidated Balance Sheets - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
ASSETS | | |
Real estate, at cost (amounts related to variable interest entities (“VIEs”) of $6,908,551 and $6,760,078 at March 31, 2017 and December 31, 2016, respectively) | $ 20,392,260 | $ 20,147,263 |
Less: accumulated depreciation (amounts related to VIEs of $(774,077) and $(758,640) at March 31, 2017 and December 31, 2016, respectively) | (4,302,283) | (4,222,235) |
Total real estate | 16,089,977 | 15,925,028 |
Cash and cash equivalents (amounts related to VIEs of $271,494 and $253,999 at March 31, 2017 and December 31, 2016, respectively) | 302,939 | 356,914 |
Cash held in escrows (amounts related to VIEs of $4,901 and $4,955 at March 31, 2017 and December 31, 2016, respectively) | 51,244 | 63,174 |
Investments in securities | 25,817 | 23,814 |
Tenant and other receivables (amounts related to VIEs of $16,652 and $23,525 at March 31, 2017 and December 31, 2016, respectively) | 73,012 | 92,548 |
Accrued rental income (amounts related to VIEs of $227,638 and $224,185 at March 31, 2017 and December 31, 2016, respectively) | 812,124 | 799,138 |
Deferred charges, net (amounts related to VIEs of $277,519 and $290,436 at March 31, 2017 and December 31, 2016, respectively) | 666,677 | 686,163 |
Prepaid expenses and other assets (amounts related to VIEs of $68,910 and $42,718 at March 31, 2017 and December 31, 2016, respectively) | 150,905 | 129,666 |
Investments in unconsolidated joint ventures | 793,932 | 775,198 |
Total assets | 18,966,627 | 18,851,643 |
Liabilities: | | |
Mortgage notes payable, net (amounts related to VIEs of $2,004,163 and $2,018,483 at March 31, 2017 and December 31, 2016, respectively) | 2,046,959 | 2,063,087 |
Unsecured senior notes, net | 7,248,152 | 7,245,953 |
Unsecured line of credit | 105,000 | 0 |
Mezzanine notes payable (amounts related to VIEs of $306,734 and $307,093 at March 31, 2017 and December 31, 2016, respectively) | 306,734 | 307,093 |
Outside members’ notes payable (amounts related to VIEs of $180,000 at March 31, 2017 and December 31, 2016) | 180,000 | 180,000 |
Accounts payable and accrued expenses (amounts related to VIEs of $133,749 and $110,457 at March 31, 2017 and December 31, 2016, respectively) | 313,723 | 298,524 |
Dividends and distributions payable | 130,418 | 130,308 |
Accrued interest payable (amounts related to VIEs of $171,395 and $162,226 at March 31, 2017 and December 31, 2016, respectively) | 266,714 | 243,933 |
Other liabilities (amounts related to VIEs of $181,535 and $175,146 at March 31, 2017 and December 31, 2016, respectively) | 446,489 | 450,821 |
Total liabilities | 11,044,189 | 10,919,719 |
Commitments and contingencies | 0 | 0 |
Equity / Capital: | | |
Excess stock, $0.01 par value, 150,000,000 shares authorized, none issued or outstanding | 0 | 0 |
Preferred stock, $.01 par value, 50,000,000 shares authorized | | |
5.25% Series B cumulative redeemable preferred stock/unit, liquidation preference $2,500 per share/unit, 92,000 shares authorized, 80,000 shares/units issued and outstanding at March 31, 2017 and December 31, 2016 | 200,000 | 200,000 |
Common stock, $0.01 par value, 250,000,000 shares authorized, 153,928,131 and 153,869,075 issued and 153,849,231 and 153,790,175 outstanding at March 31, 2017 and December 31, 2016, respectively | 1,538 | 1,538 |
Additional paid-in capital | 6,339,970 | 6,333,424 |
Dividends in excess of earnings | (712,270) | (693,694) |
Treasury common stock at cost, 78,900 shares at March 31, 2017 and December 31, 2016 | (2,722) | (2,722) |
Accumulated other comprehensive loss | (50,983) | (52,251) |
Total stockholders’ equity attributable to Boston Properties, Inc. | 5,775,533 | 5,786,295 |
Noncontrolling interests: | | |
Common units of Boston Properties Limited Partnership | 617,252 | 614,982 |
Property partnerships | 1,529,653 | 1,530,647 |
Total equity / capital | 7,922,438 | 7,931,924 |
Total liabilities and equity / capital | 18,966,627 | 18,851,643 |
Boston Properties Limited Partnership | | |
ASSETS | | |
Real estate, at cost (amounts related to variable interest entities (“VIEs”) of $6,908,551 and $6,760,078 at March 31, 2017 and December 31, 2016, respectively) | 19,978,869 | 19,733,872 |
Less: accumulated depreciation (amounts related to VIEs of $(774,077) and $(758,640) at March 31, 2017 and December 31, 2016, respectively) | (4,214,265) | (4,136,364) |
Total real estate | 15,764,604 | 15,597,508 |
Cash and cash equivalents (amounts related to VIEs of $271,494 and $253,999 at March 31, 2017 and December 31, 2016, respectively) | 302,939 | 356,914 |
Cash held in escrows (amounts related to VIEs of $4,901 and $4,955 at March 31, 2017 and December 31, 2016, respectively) | 51,244 | 63,174 |
Investments in securities | 25,817 | 23,814 |
Tenant and other receivables (amounts related to VIEs of $16,652 and $23,525 at March 31, 2017 and December 31, 2016, respectively) | 73,012 | 92,548 |
Accrued rental income (amounts related to VIEs of $227,638 and $224,185 at March 31, 2017 and December 31, 2016, respectively) | 812,124 | 799,138 |
Deferred charges, net (amounts related to VIEs of $277,519 and $290,436 at March 31, 2017 and December 31, 2016, respectively) | 666,677 | 686,163 |
Prepaid expenses and other assets (amounts related to VIEs of $68,910 and $42,718 at March 31, 2017 and December 31, 2016, respectively) | 150,905 | 129,666 |
Investments in unconsolidated joint ventures | 793,932 | 775,198 |
Total assets | 18,641,254 | 18,524,123 |
Liabilities: | | |
Mortgage notes payable, net (amounts related to VIEs of $2,004,163 and $2,018,483 at March 31, 2017 and December 31, 2016, respectively) | 2,046,959 | 2,063,087 |
Unsecured senior notes, net | 7,248,152 | 7,245,953 |
Unsecured line of credit | 105,000 | 0 |
Mezzanine notes payable (amounts related to VIEs of $306,734 and $307,093 at March 31, 2017 and December 31, 2016, respectively) | 306,734 | 307,093 |
Outside members’ notes payable (amounts related to VIEs of $180,000 at March 31, 2017 and December 31, 2016) | 180,000 | 180,000 |
Accounts payable and accrued expenses (amounts related to VIEs of $133,749 and $110,457 at March 31, 2017 and December 31, 2016, respectively) | 313,723 | 298,524 |
Dividends and distributions payable | 130,418 | 130,308 |
Accrued interest payable (amounts related to VIEs of $171,395 and $162,226 at March 31, 2017 and December 31, 2016, respectively) | 266,714 | 243,933 |
Other liabilities (amounts related to VIEs of $181,535 and $175,146 at March 31, 2017 and December 31, 2016, respectively) | 446,489 | 450,821 |
Total liabilities | 11,044,189 | 10,919,719 |
Commitments and contingencies | 0 | 0 |
Noncontrolling interest: | | |
Redeemable partnership units—17,277,109 and 17,079,511 common units and 811,476 and 904,588 long term incentive units outstanding at redemption value at March 31, 2017 and December 31, 2016, respectively | 2,395,110 | 2,262,040 |
Preferred stock, $.01 par value, 50,000,000 shares authorized | | |
5.25% Series B cumulative redeemable preferred stock/unit, liquidation preference $2,500 per share/unit, 92,000 shares authorized, 80,000 shares/units issued and outstanding at March 31, 2017 and December 31, 2016 | 193,623 | 193,623 |
Accumulated other comprehensive loss | (59,439) | (60,853) |
Noncontrolling interests: | | |
Boston Properties Limited Partnership partners’ capital—1,719,378 and 1,717,743 general partner units and 152,129,853 and 152,072,432 limited partner units outstanding at March 31, 2017 and December 31, 2016, respectively | 3,478,679 | 3,618,094 |
Temporary Equity, Carrying Amount Redeemable Interest in Property Partnerships | 1,529,653 | 1,530,647 |
Total equity / capital | 5,201,955 | 5,342,364 |
Total liabilities and equity / capital | $ 18,641,254 | $ 18,524,123 |