|
<br />FORESTClTY
<br />
<br />City of Ramsey Town Center Proposal
<br />
<br />Forest City Enterprises, Inc. and Subsidiaries
<br />Consolidated Balance Sheets
<br />
<br />Assets
<br />Real Estate
<br />Completed rental properties.........................................................................
<br />Projects under development.........................................................................
<br />Land held for development or sale....................................................................
<br />
<br />Total Real Estate.............................................................. ......................
<br />Less accumulated depreciation........................................................................
<br />
<br />Real Estate, net.......................................................................................
<br />
<br />Cash and equivalents......................................................................................
<br />Restricted cash....................................................................................... ......
<br />Notes and accounts receivable, net .....................................................................
<br />Investments in and advances to affiliates.............................................................
<br />
<br />Other assets............................................................................................. ...
<br />Operating property assets held for sale................................................................
<br />
<br />Total Assets...........................................................................................
<br />
<br />Liabilities and Shareholders' Equity
<br />Liabilities
<br />Mortgage debt, nonrecourse............................................................................
<br />
<br />Notes payable...................................................................................... ........
<br />Bank revolving credit facility...........................................................................
<br />Senior and subordinated debt...........................................................................
<br />Accounts payable and accrued expenses..............................................................
<br />
<br />Deferred income taxes...................................................................................
<br />Liabilities of operating property held for sale.........................................................
<br />
<br />Total Liabilities....................................................................................
<br />
<br />Minority Interest.................................................................................................
<br />
<br />Commitments and Contingencies.....................................................................
<br />
<br />Shareholders' Equity
<br />Preferred stock - without par value; 10,000,000 shares authorized; no shares issued............
<br />Common stock - $.33 1/3 par value
<br />Class A, 271,000,000 shares authorized, 80,082,126 and 78,237,993 shares
<br />issued and 80,080,262 and 78,201,673 shares outstanding, respectively..................
<br />Class B, convertible, 56,000,000 shares authorized, 22,798,025 and 24,387,607 shares
<br />issued and outstanding, respectively; 26,257,961 issuable....................................
<br />
<br />Additional paid-in capital.................................................................................
<br />
<br />Retained earnings..........................................................................................
<br />Less treasury stock, at cost; 1,864 and 36,320 Class A shares, respectively.....................
<br />Shareholders' equity before accumulated other comprehensive loss..............................
<br />Accumulated other comprehensive loss...............................................................
<br />Total Shareholders' Equity.....................................................................
<br />
<br />Total Liabilities and Shareholders' Equity...................................................
<br />
<br />~
<br />
<br />As of
<br />July 31,
<br />2009
<br />Unaudited
<br />
<br />Fiscal Year Ended
<br />Jan uary 31,
<br />2009 2008 2007
<br />Audited
<br />(in thousands)
<br />
<br />$8,389,218 $8,203,095 $7,561,685 $6,659,054
<br />2,487,369 2,233,576 1,499,495 1,396,083
<br />219,676 195,213 155,524 174,136
<br />11,096,263 10,631,884 9,216,704 8,229,273
<br />(1,510,177) (1,419,050) (1,244,391) (1,085,978)
<br />9,586,086 9,212,834 7,972,313 7,143,295
<br />192,416 267,305 254,434 254,213
<br />405,361 291,224 248,262 292,461
<br />393,311 427,410 419,090 287,615
<br />207,471 287,242 495,828 33,782
<br />898,156 936,902 829,998 670,238
<br /> 31,672
<br />$11,682,801 $11,422,917 $10,251,597 $8,981,604
<br />$7,458,065 $7,078,390 $6,338,610 $5,338,372
<br />173,024 181,919 143,874 96,127
<br />42,583 365,500 39,000
<br />831,469 870,410 886,900 886,900
<br />1 ,194,262 1,277,199 1,015,844 772,964
<br />458,378 439,282 477,238 486,329
<br /> 28,498
<br />10,157,781 10,212,700 8,929,964 7,580,692
<br />359,677 396,075 349,517 375,101
<br />
<br />44,224 26,694 26,079 25,564
<br />7,554 7,599 8,129 8,418
<br />51,778 34,293 34,208 33,982
<br />590,658 241,539 229,358 247,884
<br />611,256 645,852 782,871 762,062
<br />(150) (21) (1,665) (3,449)
<br />1 ,253,542 921,663 1,044,772 1,040,479
<br />(88,199) (107,521) (72,656) (14,668)
<br />1,525,020 814,142 972,116 1,025,811
<br />$11,682,801 $11,422,917 $10,251,597 $8,981,604
<br />
|