Consolidated Statements Of Cash Flows - USD ($) $ in Thousands |
9 Months Ended |
Sep. 30, 2016 |
Sep. 30, 2015 |
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
| Net income (loss) |
$ 113,530
|
$ (106,077)
|
| Adjustments to reconcile net income to net cash provided by Operating activities: |
|
|
| Depreciation and amortization, including related intangible assets |
134,756
|
128,422
|
| Amortization of directors deferred compensation stock units |
285
|
297
|
| Amortization of stock compensation |
4,299
|
1,500
|
| Amortization of deferred financing costs |
3,583
|
2,846
|
| Amortization of debt discount and mark-to-market |
1,417
|
2,791
|
| Equity in (earnings) loss of unconsolidated joint ventures |
(19,622)
|
2,723
|
| Distributions of cumulative earnings from unconsolidated joint ventures |
4,833
|
3,145
|
| Gain on change of control of interests |
(15,347)
|
|
| Realized (gains) losses and unrealized losses on disposition of rental property, net |
(68,664)
|
(53,261)
|
| Gain on sale of investments in unconsolidated joint ventures |
(5,670)
|
(6,448)
|
| Gain from extinguishment of debt |
(12,420)
|
|
| Impairments |
|
164,176
|
| Changes in operating assets and liabilities: |
|
|
| (Increase) decrease in unbilled rents receivable, net |
(9,860)
|
17
|
| Increase in deferred charges, goodwill and other assets |
(11,173)
|
(23,387)
|
| Decrease (increase) in accounts receivable, net |
424
|
(603)
|
| Increase (decrease) in accounts payable, accrued expenses and other liabilities |
(12,656)
|
5,298
|
| Decrease in rents received in advance and security deposits |
(1,425)
|
(4,502)
|
| (Decrease) increase in accrued interest payable |
(1,500)
|
7,751
|
| Net cash provided by operating activities |
104,790
|
124,688
|
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
| Rental property acquisitions and related intangibles |
(405,808)
|
(6,057)
|
| Rental property additions and improvements |
(94,017)
|
(59,700)
|
| Development of rental property and other related costs |
(150,592)
|
(49,959)
|
| Proceeds from the sales of rental property |
409,101
|
81,049
|
| Proceeds from the sale of investments in unconsolidated joint ventures |
6,420
|
6,448
|
| Repayment of notes receivable |
375
|
7,750
|
| Acquisition of noncontrolling interests |
(37,946)
|
|
| Investment in unconsolidated joint ventures |
(31,318)
|
(68,468)
|
| Distributions in excess of cumulative earnings from unconsolidated joint ventures |
20,906
|
4,329
|
| Increase in restricted cash |
(287)
|
(5,823)
|
| Net cash used in investing activities |
(283,166)
|
(90,431)
|
| CASH FLOW FROM FINANCING ACTIVITIES |
|
|
| Borrowings from revolving credit facility |
793,000
|
179,000
|
| Repayment of revolving credit facility |
(853,000)
|
(144,000)
|
| Repayment of senior unsecured notes |
(314,755)
|
|
| Borrowings from unsecured term loan |
350,000
|
|
| Proceeds from mortgages and loans payable |
426,613
|
6,193
|
| Repayment of mortgages, loans payable and other obligations |
(187,969)
|
(29,307)
|
| Payment of financing costs |
(7,050)
|
(98)
|
| Contributions from noncontrolling interests |
1,065
|
251
|
| Payment of dividends and distributions |
(45,050)
|
(44,979)
|
| Net cash by (used in) financing activities |
162,854
|
(32,940)
|
| Net (decrease) increase in cash and cash equivalents |
(15,522)
|
1,317
|
| Cash and cash equivalents, beginning of period |
37,077
|
29,549
|
| Cash and cash equivalents, end of period |
21,555
|
30,866
|
| Mack Cali Realty LP [Member] |
|
|
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
| Net income (loss) |
113,530
|
(106,077)
|
| Adjustments to reconcile net income to net cash provided by Operating activities: |
|
|
| Depreciation and amortization, including related intangible assets |
134,756
|
128,422
|
| Amortization of directors deferred compensation stock units |
285
|
297
|
| Amortization of stock compensation |
4,299
|
1,500
|
| Amortization of deferred financing costs |
3,583
|
2,846
|
| Amortization of debt discount and mark-to-market |
1,417
|
2,791
|
| Equity in (earnings) loss of unconsolidated joint ventures |
(19,622)
|
2,723
|
| Distributions of cumulative earnings from unconsolidated joint ventures |
4,833
|
3,145
|
| Gain on change of control of interests |
(15,347)
|
|
| Realized (gains) losses and unrealized losses on disposition of rental property, net |
(68,664)
|
(53,261)
|
| Gain on sale of investments in unconsolidated joint ventures |
(5,670)
|
(6,448)
|
| Gain from extinguishment of debt |
(12,420)
|
|
| Impairments |
|
164,176
|
| Changes in operating assets and liabilities: |
|
|
| (Increase) decrease in unbilled rents receivable, net |
(9,860)
|
17
|
| Increase in deferred charges, goodwill and other assets |
(11,173)
|
(23,387)
|
| Decrease (increase) in accounts receivable, net |
424
|
(603)
|
| Increase (decrease) in accounts payable, accrued expenses and other liabilities |
(12,656)
|
5,298
|
| Decrease in rents received in advance and security deposits |
(1,425)
|
(4,502)
|
| (Decrease) increase in accrued interest payable |
(1,500)
|
7,751
|
| Net cash provided by operating activities |
104,790
|
124,688
|
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
| Rental property acquisitions and related intangibles |
(405,808)
|
(6,057)
|
| Rental property additions and improvements |
(94,017)
|
(59,700)
|
| Development of rental property and other related costs |
(150,592)
|
(49,959)
|
| Proceeds from the sales of rental property |
409,101
|
81,049
|
| Proceeds from the sale of investments in unconsolidated joint ventures |
6,420
|
6,448
|
| Repayment of notes receivable |
375
|
7,750
|
| Acquisition of noncontrolling interests |
(37,946)
|
|
| Investment in unconsolidated joint ventures |
(31,318)
|
(68,468)
|
| Distributions in excess of cumulative earnings from unconsolidated joint ventures |
20,906
|
4,329
|
| Increase in restricted cash |
(287)
|
(5,823)
|
| Net cash used in investing activities |
(283,166)
|
(90,431)
|
| CASH FLOW FROM FINANCING ACTIVITIES |
|
|
| Borrowings from revolving credit facility |
793,000
|
179,000
|
| Repayment of revolving credit facility |
(853,000)
|
(144,000)
|
| Repayment of senior unsecured notes |
(314,755)
|
|
| Borrowings from unsecured term loan |
350,000
|
|
| Proceeds from mortgages and loans payable |
426,613
|
6,193
|
| Repayment of mortgages, loans payable and other obligations |
(187,969)
|
(29,307)
|
| Payment of financing costs |
(7,050)
|
(98)
|
| Contributions from noncontrolling interests |
1,065
|
251
|
| Payment of dividends and distributions |
(45,050)
|
(44,979)
|
| Net cash by (used in) financing activities |
162,854
|
(32,940)
|
| Net (decrease) increase in cash and cash equivalents |
(15,522)
|
1,317
|
| Cash and cash equivalents, beginning of period |
37,077
|
29,549
|
| Cash and cash equivalents, end of period |
$ 21,555
|
$ 30,866
|