Vornado Realty Trust
Period Ending Dec 31, 2013 Dec 31, 2012 Dec 31, 2011 Dec 31, 2010
Total Revenue 2,760,909 2,736,232 2,702,808 2,558,207
Cost of Revenue 1,054,897 1,017,331 984,707 983,424
Gross Profit 1,706,012 1,718,901 1,718,101 1,574,783
Operating Expenses
Research and Development 32,210 226,619 145,824 -
Sales, General and Admin. 211,100 202,444 208,530 211,399
Non-Recurring Items 57,300 114,886 35,299 109,458
Other 531,212 510,383 516,222 494,898
Operating Income 874,190 664,569 812,226 759,028
Income From Continuing Operations
Add'l Income/Expense Items 81,606 (183,662) 186,803 411,185
Earnings Before Interest and Tax 617,011 904,033 1,117,641 1,262,706
Interest Expense 483,190 493,713 519,157 539,370
Earnings Before Tax 133,821 410,320 598,484 723,336
Income Tax (6,406) 8,132 23,925 22,137
Minority Interest 88,769 77,281 77,698 60,148
Equity Earnings Unconsolidated Subsidiary (338,785) 423,126 118,612 92,493
Net Income Cont. Operations 140,227 402,188 574,559 701,199
Non Recurring Events
Discontinued Operations 424,513 292,353 165,441 6,832
Extraordinary Items - - - -
Effect of Accounting Changes - - - -
Other Items - - - -
Net Income 475,971 617,260 662,302 647,883
Preferred Stock and Other Adjustments (83,937) (67,989) (60,531) (51,152)
Net Income Applicable to Common Shareholders 392,034 549,271 601,771 596,731