Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands |
12 Months Ended |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
|
| Net income (loss) |
$ 130,294
|
$ (142,052)
|
$ 31,391
|
| Adjustments to reconcile net income to net cash provided by Operating activities: |
|
|
|
| Depreciation and amortization, including related intangible assets |
186,549
|
172,108
|
173,848
|
| Amortization of directors deferred compensation stock units |
372
|
397
|
407
|
| Amortization of stock compensation |
5,646
|
2,219
|
11,097
|
| Amortization of deferred financing costs |
4,582
|
3,790
|
3,274
|
| Write-off of unamortized discount on senior unsecured notes |
|
|
12
|
| Amortization of debt discount and mark-to-market |
1,686
|
3,385
|
6,507
|
| Equity in (earnings) loss of unconsolidated joint ventures |
(18,788)
|
3,172
|
2,423
|
| Distributions of cumulative earnings from unconsolidated joint ventures |
6,120
|
5,644
|
11,213
|
| Gain on change of control of interests |
(15,347)
|
|
|
| Realized (gains) losses and unrealized losses on disposition of rental property, net |
(109,666)
|
(53,261)
|
(54,848)
|
| Gain on sale of investments in unconsolidated joint ventures |
(5,670)
|
(6,448)
|
|
| Gain from extinguishment of debt |
(12,420)
|
|
|
| Impairments |
|
197,919
|
|
| Changes in operating assets and liabilities: |
|
|
|
| Increase in unbilled rents receivable, net |
(12,775)
|
(1,760)
|
(4,083)
|
| Increase in deferred charges, goodwill and other assets |
(33,878)
|
(22,854)
|
(34,402)
|
| Decrease (increase) in accounts receivable, net |
596
|
(2,178)
|
355
|
| Increase (decrease) in accounts payable, accrued expenses and other liabilities |
(14,535)
|
6,960
|
15,858
|
| Decrease in rents received in advance and security deposits |
(3,297)
|
(2,408)
|
(1,583)
|
| (Decrease) increase in accrued interest payable |
(9,362)
|
4,822
|
(2,216)
|
| Net cash provided by operating activities |
100,107
|
169,455
|
159,253
|
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
|
| Rental property acquisitions and related intangibles |
(407,869)
|
(70,455)
|
(61,938)
|
| Rental property additions and improvements |
(121,582)
|
(94,073)
|
(91,813)
|
| Development of rental property and other related costs |
(206,955)
|
(81,073)
|
(25,140)
|
| Proceeds from the sales of rental property |
607,457
|
81,049
|
274,839
|
| Proceeds from the sale of investments in unconsolidated joint ventures |
6,420
|
6,448
|
|
| Investments in notes receivable |
|
|
(62,276)
|
| Repayment of notes receivable |
500
|
8,250
|
62,526
|
| Acquisition of noncontrolling interests |
(37,946)
|
|
|
| Investment in unconsolidated joint ventures |
(35,930)
|
(78,027)
|
(67,325)
|
| Distributions in excess of cumulative earnings from unconsolidated joint ventures |
22,231
|
6,445
|
35,901
|
| Increase in restricted cash |
(1,934)
|
(1,098)
|
(14,451)
|
| Net cash (used in) provided by investing activities |
(137,662)
|
(222,534)
|
50,323
|
| CASH FLOW FROM FINANCING ACTIVITIES |
|
|
|
| Borrowings from revolving credit facility |
1,165,000
|
334,000
|
277,328
|
| Repayment of revolving credit facility |
(1,034,000)
|
(179,000)
|
(277,328)
|
| Repayment of senior unsecured notes |
(448,339)
|
|
(350,000)
|
| Borrowings from unsecured term loan |
350,000
|
|
|
| Proceeds from mortgages and loans payable |
455,190
|
10,752
|
130,135
|
| Repayment of mortgages, loans payable and other obligations |
(349,426)
|
(43,133)
|
(83,808)
|
| Payment of contingent consideration |
|
(1,167)
|
(5,228)
|
| Payment of financing costs |
(9,414)
|
(2,998)
|
(3,147)
|
| Contributions from noncontrolling interests |
1,065
|
2,140
|
145
|
| Payment of dividends and distributions |
(60,041)
|
(59,987)
|
(89,830)
|
| Net cash provided by (used in) financing activities |
32,089
|
60,607
|
(401,733)
|
| Net (decrease) increase in cash and cash equivalents |
(5,466)
|
7,528
|
(192,157)
|
| Cash and cash equivalents, beginning of period |
37,077
|
29,549
|
221,706
|
| Cash and cash equivalents, end of period |
31,611
|
37,077
|
29,549
|
| Mack-Cali Realty LP [Member] |
|
|
|
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
|
| Net income (loss) |
130,294
|
(142,052)
|
31,391
|
| Adjustments to reconcile net income to net cash provided by Operating activities: |
|
|
|
| Depreciation and amortization, including related intangible assets |
186,549
|
172,108
|
173,848
|
| Amortization of directors deferred compensation stock units |
372
|
397
|
407
|
| Amortization of stock compensation |
5,646
|
2,219
|
11,097
|
| Amortization of deferred financing costs |
4,582
|
3,790
|
3,274
|
| Write-off of unamortized discount on senior unsecured notes |
|
|
12
|
| Amortization of debt discount and mark-to-market |
1,686
|
3,385
|
6,507
|
| Equity in (earnings) loss of unconsolidated joint ventures |
(18,788)
|
3,172
|
2,423
|
| Distributions of cumulative earnings from unconsolidated joint ventures |
6,120
|
5,644
|
11,213
|
| Gain on change of control of interests |
(15,347)
|
|
|
| Realized (gains) losses and unrealized losses on disposition of rental property, net |
(109,666)
|
(53,261)
|
(54,848)
|
| Gain on sale of investments in unconsolidated joint ventures |
(5,670)
|
(6,448)
|
|
| Gain from extinguishment of debt |
(12,420)
|
|
|
| Impairments |
|
197,919
|
|
| Changes in operating assets and liabilities: |
|
|
|
| Increase in unbilled rents receivable, net |
(12,775)
|
(1,760)
|
(4,083)
|
| Increase in deferred charges, goodwill and other assets |
(33,878)
|
(22,854)
|
(34,402)
|
| Decrease (increase) in accounts receivable, net |
596
|
(2,178)
|
355
|
| Increase (decrease) in accounts payable, accrued expenses and other liabilities |
(14,535)
|
6,960
|
15,858
|
| Decrease in rents received in advance and security deposits |
(3,297)
|
(2,408)
|
(1,583)
|
| (Decrease) increase in accrued interest payable |
(9,362)
|
4,822
|
(2,216)
|
| Net cash provided by operating activities |
100,107
|
169,455
|
159,253
|
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
|
| Rental property acquisitions and related intangibles |
(407,869)
|
(70,455)
|
(61,938)
|
| Rental property additions and improvements |
(121,582)
|
(94,073)
|
(91,813)
|
| Development of rental property and other related costs |
(206,955)
|
(81,073)
|
(25,140)
|
| Proceeds from the sales of rental property |
607,457
|
81,049
|
274,839
|
| Proceeds from the sale of investments in unconsolidated joint ventures |
6,420
|
6,448
|
|
| Investments in notes receivable |
|
|
(62,276)
|
| Repayment of notes receivable |
500
|
8,250
|
62,526
|
| Acquisition of noncontrolling interests |
(37,946)
|
|
|
| Investment in unconsolidated joint ventures |
(35,930)
|
(78,027)
|
(67,325)
|
| Distributions in excess of cumulative earnings from unconsolidated joint ventures |
22,231
|
6,445
|
35,901
|
| Increase in restricted cash |
(1,934)
|
(1,098)
|
(14,451)
|
| Net cash (used in) provided by investing activities |
(137,662)
|
(222,534)
|
50,323
|
| CASH FLOW FROM FINANCING ACTIVITIES |
|
|
|
| Borrowings from revolving credit facility |
1,165,000
|
334,000
|
277,328
|
| Repayment of revolving credit facility |
(1,034,000)
|
(179,000)
|
(277,328)
|
| Repayment of senior unsecured notes |
(448,339)
|
|
(350,000)
|
| Borrowings from unsecured term loan |
350,000
|
|
|
| Proceeds from mortgages and loans payable |
455,190
|
10,752
|
130,135
|
| Repayment of mortgages, loans payable and other obligations |
(349,426)
|
(43,133)
|
(83,808)
|
| Payment of contingent consideration |
|
(1,167)
|
(5,228)
|
| Payment of financing costs |
(9,414)
|
(2,998)
|
(3,147)
|
| Contributions from noncontrolling interests |
1,065
|
2,140
|
145
|
| Payment of dividends and distributions |
(60,041)
|
(59,987)
|
(89,830)
|
| Net cash provided by (used in) financing activities |
32,089
|
60,607
|
(401,733)
|
| Net (decrease) increase in cash and cash equivalents |
(5,466)
|
7,528
|
(192,157)
|
| Cash and cash equivalents, beginning of period |
37,077
|
29,549
|
221,706
|
| Cash and cash equivalents, end of period |
$ 31,611
|
$ 37,077
|
$ 29,549
|