Consolidated Statements Of Cash Flows - USD ($) $ in Thousands |
12 Months Ended |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
|
|
| Net income (loss) |
|
$ 33,718
|
$ 130,294
|
$ (142,052)
|
| Adjustments to reconcile net income to net cash provided by Operating activities: |
|
|
|
|
| Depreciation and amortization, including related intangible assets |
|
198,674
|
186,549
|
172,108
|
| Amortization of directors deferred compensation stock units |
|
482
|
372
|
397
|
| Amortization of stock compensation |
|
7,447
|
5,646
|
2,219
|
| Amortization of deferred financing costs |
|
4,612
|
4,582
|
3,790
|
| Amortization of debt discount and mark-to-market |
|
(287)
|
1,686
|
3,385
|
| Equity in (earnings) loss of unconsolidated joint ventures |
[1] |
6,081
|
(18,788)
|
3,172
|
| Distributions of cumulative earnings from unconsolidated joint ventures |
|
8,186
|
6,120
|
5,644
|
| Gain on change of control of interests |
|
|
(15,347)
|
|
| Realized (gains) losses and unrealized losses on disposition of rental property, net |
|
(2,364)
|
(109,666)
|
(53,261)
|
| Gain on sale of investments in unconsolidated joint ventures |
|
(23,131)
|
(5,670)
|
(6,448)
|
| Loss (gain) from extinguishment of debt |
|
421
|
(12,420)
|
|
| Impairments |
|
|
|
197,919
|
| Changes in operating assets and liabilities: |
|
|
|
|
| Increase in unbilled rents receivable, net |
|
(11,286)
|
(12,775)
|
(1,760)
|
| Increase in deferred charges, goodwill and other assets |
|
(19,711)
|
(33,878)
|
(22,854)
|
| Decrease (increase) in accounts receivable, net |
|
2,831
|
596
|
(2,178)
|
| Increase (decrease) in accounts payable, accrued expenses and other liabilities |
|
(9,012)
|
(14,535)
|
6,960
|
| Decrease in rents received in advance and security deposits |
|
(1,817)
|
(3,297)
|
(2,408)
|
| Increase (decrease) in accrued interest payable |
|
1,296
|
(9,362)
|
4,822
|
| Net cash provided by operating activities |
|
196,140
|
100,107
|
169,455
|
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
|
|
| Rental property acquisitions and related intangibles |
|
(619,350)
|
(407,869)
|
(70,455)
|
| Rental property additions and improvements |
|
(90,068)
|
(121,582)
|
(94,073)
|
| Development of rental property and other related costs |
|
(267,845)
|
(206,955)
|
(81,073)
|
| Proceeds from the sales of rental property |
|
311,923
|
607,457
|
81,049
|
| Proceeds from the sale of investments in unconsolidated joint ventures |
|
110,269
|
6,420
|
6,448
|
| Investments in notes receivable |
|
(47,049)
|
|
|
| Repayment of notes receivable |
|
74,945
|
500
|
8,250
|
| Investment in unconsolidated joint ventures |
|
(36,060)
|
(35,930)
|
(78,027)
|
| Distributions in excess of cumulative earnings from unconsolidated joint ventures |
|
5,877
|
22,231
|
6,445
|
| Proceeds from investment receivable |
|
3,625
|
|
|
| Decrease (increase) in restricted cash |
|
8,027
|
(1,934)
|
(1,098)
|
| Net cash provided by investing activities |
|
(545,706)
|
(137,662)
|
(222,534)
|
| CASH FLOW FROM FINANCING ACTIVITIES |
|
|
|
|
| Borrowings from revolving credit facility |
|
730,000
|
1,165,000
|
334,000
|
| Repayment of revolving credit facility |
|
(866,000)
|
(1,034,000)
|
(179,000)
|
| Repayment of senior unsecured notes |
|
(250,000)
|
(448,339)
|
|
| Borrowings from unsecured term loan |
|
325,000
|
350,000
|
|
| Proceeds from mortgages and loans payable |
|
513,989
|
455,190
|
10,752
|
| Repayment of mortgages, loans payable and other obligations |
|
(156,760)
|
(349,426)
|
(43,133)
|
| Acquisition of noncontrolling interests |
|
(2,021)
|
(37,946)
|
|
| Issuance of redeemable noncontrolling interests, net |
|
139,002
|
|
|
| Payment of contingent consideration |
|
|
|
(1,167)
|
| Payment of financing costs |
|
(9,230)
|
(9,414)
|
(2,998)
|
| Contributions from (to) noncontrolling interests |
|
(19)
|
1,065
|
2,140
|
| Payment of dividends and distributions |
|
(77,826)
|
(60,041)
|
(59,987)
|
| Net cash provided by financing activities |
|
346,135
|
32,089
|
60,607
|
| Net (decrease) increase in cash and cash equivalents |
|
(3,431)
|
(5,466)
|
7,528
|
| Cash and cash equivalents, beginning of period |
|
31,611
|
37,077
|
29,549
|
| Cash and cash equivalents, end of period |
|
28,180
|
31,611
|
37,077
|
| Mack-Cali Realty LP [Member] |
|
|
|
|
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
|
|
| Net income (loss) |
|
33,718
|
130,294
|
(142,052)
|
| Adjustments to reconcile net income to net cash provided by Operating activities: |
|
|
|
|
| Depreciation and amortization, including related intangible assets |
|
198,674
|
186,549
|
172,108
|
| Amortization of directors deferred compensation stock units |
|
482
|
372
|
397
|
| Amortization of stock compensation |
|
7,447
|
5,646
|
2,219
|
| Amortization of deferred financing costs |
|
4,612
|
4,582
|
3,790
|
| Amortization of debt discount and mark-to-market |
|
(287)
|
1,686
|
3,385
|
| Equity in (earnings) loss of unconsolidated joint ventures |
|
6,081
|
(18,788)
|
3,172
|
| Distributions of cumulative earnings from unconsolidated joint ventures |
|
8,186
|
6,120
|
5,644
|
| Gain on change of control of interests |
|
|
(15,347)
|
|
| Realized (gains) losses and unrealized losses on disposition of rental property, net |
|
(2,364)
|
(109,666)
|
(53,261)
|
| Gain on sale of investments in unconsolidated joint ventures |
|
(23,131)
|
(5,670)
|
(6,448)
|
| Loss (gain) from extinguishment of debt |
|
421
|
(12,420)
|
|
| Impairments |
|
|
|
197,919
|
| Changes in operating assets and liabilities: |
|
|
|
|
| Increase in unbilled rents receivable, net |
|
(11,286)
|
(12,775)
|
(1,760)
|
| Increase in deferred charges, goodwill and other assets |
|
(19,711)
|
(33,878)
|
(22,854)
|
| Decrease (increase) in accounts receivable, net |
|
2,831
|
596
|
(2,178)
|
| Increase (decrease) in accounts payable, accrued expenses and other liabilities |
|
(9,012)
|
(14,535)
|
6,960
|
| Decrease in rents received in advance and security deposits |
|
(1,817)
|
(3,297)
|
(2,408)
|
| Increase (decrease) in accrued interest payable |
|
1,296
|
(9,362)
|
4,822
|
| Net cash provided by operating activities |
|
196,140
|
100,107
|
169,455
|
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
|
|
| Rental property acquisitions and related intangibles |
|
(619,350)
|
(407,869)
|
(70,455)
|
| Rental property additions and improvements |
|
(90,068)
|
(121,582)
|
(94,073)
|
| Development of rental property and other related costs |
|
(267,845)
|
(206,955)
|
(81,073)
|
| Proceeds from the sales of rental property |
|
311,923
|
607,457
|
81,049
|
| Proceeds from the sale of investments in unconsolidated joint ventures |
|
110,269
|
6,420
|
6,448
|
| Investments in notes receivable |
|
(47,049)
|
|
|
| Repayment of notes receivable |
|
74,945
|
500
|
8,250
|
| Investment in unconsolidated joint ventures |
|
(36,060)
|
(35,930)
|
(78,027)
|
| Distributions in excess of cumulative earnings from unconsolidated joint ventures |
|
5,877
|
22,231
|
6,445
|
| Proceeds from investment receivable |
|
3,625
|
|
|
| Decrease (increase) in restricted cash |
|
8,027
|
(1,934)
|
(1,098)
|
| Net cash provided by investing activities |
|
(545,706)
|
(137,662)
|
(222,534)
|
| CASH FLOW FROM FINANCING ACTIVITIES |
|
|
|
|
| Borrowings from revolving credit facility |
|
730,000
|
1,165,000
|
334,000
|
| Repayment of revolving credit facility |
|
(866,000)
|
(1,034,000)
|
(179,000)
|
| Repayment of senior unsecured notes |
|
(250,000)
|
(448,339)
|
|
| Borrowings from unsecured term loan |
|
325,000
|
350,000
|
|
| Proceeds from mortgages and loans payable |
|
513,989
|
455,190
|
10,752
|
| Repayment of mortgages, loans payable and other obligations |
|
(156,760)
|
(349,426)
|
(43,133)
|
| Acquisition of noncontrolling interests |
|
(2,021)
|
(37,946)
|
|
| Issuance of redeemable noncontrolling interests, net |
|
139,002
|
|
|
| Payment of contingent consideration |
|
|
|
(1,167)
|
| Payment of financing costs |
|
(9,230)
|
(9,414)
|
(2,998)
|
| Contributions from (to) noncontrolling interests |
|
(19)
|
1,065
|
2,140
|
| Payment of dividends and distributions |
|
(77,826)
|
(60,041)
|
(59,987)
|
| Net cash provided by financing activities |
|
346,135
|
32,089
|
60,607
|
| Net (decrease) increase in cash and cash equivalents |
|
(3,431)
|
(5,466)
|
7,528
|
| Cash and cash equivalents, beginning of period |
|
31,611
|
37,077
|
29,549
|
| Cash and cash equivalents, end of period |
|
$ 28,180
|
$ 31,611
|
$ 37,077
|
|
|