Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands |
3 Months Ended |
Mar. 31, 2017 |
Mar. 31, 2016 |
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
| Net income |
$ 22,729
|
$ 68,769
|
| Adjustments to reconcile net income to net cash provided by Operating activities: |
|
|
| Depreciation and amortization, including related intangible assets |
46,338
|
43,413
|
| Amortization of directors deferred compensation stock units |
115
|
101
|
| Amortization of stock compensation |
1,053
|
785
|
| Amortization of deferred financing costs |
1,103
|
1,169
|
| Amortization of debt discount and mark-to-market |
241
|
610
|
| Equity in (earnings) loss of unconsolidated joint ventures |
51
|
1,554
|
| Distributions of cumulative earnings from unconsolidated joint ventures |
2,684
|
574
|
| Gain on change of control of interests |
|
(10,156)
|
| Realized (gains) losses and unrealized losses on disposition of rental property, net |
(5,506)
|
(58,600)
|
| Gain on sale of investments in unconsolidated joint ventures |
(12,563)
|
|
| Loss from extinguishment of debt |
239
|
|
| Changes in operating assets and liabilities: |
|
|
| Increase in unbilled rents receivable, net |
(2,950)
|
(2,169)
|
| Increase in deferred charges, goodwill and other assets |
(2,842)
|
(19,323)
|
| Decrease in accounts receivable, net |
13
|
1,243
|
| Increase (decrease) in accounts payable, accrued expenses and other liabilities |
(11,396)
|
(2,370)
|
| Increase in rents received in advance and security deposits |
3,891
|
370
|
| Increase (decrease) in accrued interest payable |
8,113
|
(489)
|
| Net cash provided by operating activities |
51,313
|
25,481
|
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
| Rental property acquisitions and related intangibles |
(413,115)
|
(47,818)
|
| Rental property additions and improvements |
(22,471)
|
(34,603)
|
| Development of rental property and other related costs |
(55,511)
|
(16,131)
|
| Proceeds from the sales of rental property |
47,569
|
94,710
|
| Proceeds from the sale of investments in unconsolidated joint ventures |
14,849
|
|
| Investments in notes receivable |
(2,254)
|
|
| Repayment of notes receivable |
9,062
|
125
|
| Investment in unconsolidated joint ventures |
(6,625)
|
(7,225)
|
| Distributions in excess of cumulative earnings from unconsolidated joint ventures |
1,689
|
1,771
|
| Proceeds from investment receivable |
3,625
|
|
| Decrease in restricted cash |
1,871
|
7,777
|
| Net cash used in investing activities |
(421,311)
|
(1,394)
|
| CASH FLOW FROM FINANCING ACTIVITIES |
|
|
| Borrowings from revolving credit facility |
275,000
|
150,000
|
| Repayment of revolving credit facility |
(471,000)
|
(215,000)
|
| Repayment of senior unsecured notes |
|
(200,000)
|
| Borrowings from unsecured term loan |
325,000
|
350,000
|
| Proceeds from mortgages and loans payable |
263,779
|
77,666
|
| Repayment of mortgages, loans payable and other obligations |
(1,430)
|
(89,712)
|
| Issuance of redeemable noncontrolling interests, net |
139,002
|
|
| Payment of financing costs |
(8,627)
|
(3,392)
|
| (Distribution to) contributions from noncontrolling interests |
(15)
|
703
|
| Payment of dividends and distributions |
(15,006)
|
(15,008)
|
| Net cash provided by financing activities |
506,703
|
55,257
|
| Net increase in cash and cash equivalents |
136,705
|
79,344
|
| Cash and cash equivalents, beginning of period |
31,611
|
37,077
|
| Cash and cash equivalents, end of period |
168,316
|
116,421
|
| Mack-Cali Realty LP [Member] |
|
|
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
| Net income |
22,729
|
68,769
|
| Adjustments to reconcile net income to net cash provided by Operating activities: |
|
|
| Depreciation and amortization, including related intangible assets |
46,338
|
43,413
|
| Amortization of directors deferred compensation stock units |
115
|
101
|
| Amortization of stock compensation |
1,053
|
785
|
| Amortization of deferred financing costs |
1,103
|
1,169
|
| Amortization of debt discount and mark-to-market |
241
|
610
|
| Equity in (earnings) loss of unconsolidated joint ventures |
51
|
1,554
|
| Distributions of cumulative earnings from unconsolidated joint ventures |
2,684
|
574
|
| Gain on change of control of interests |
|
(10,156)
|
| Realized (gains) losses and unrealized losses on disposition of rental property, net |
(5,506)
|
(58,600)
|
| Gain on sale of investments in unconsolidated joint ventures |
(12,563)
|
|
| Loss from extinguishment of debt |
239
|
|
| Changes in operating assets and liabilities: |
|
|
| Increase in unbilled rents receivable, net |
(2,950)
|
(2,169)
|
| Increase in deferred charges, goodwill and other assets |
(2,842)
|
(19,323)
|
| Decrease in accounts receivable, net |
13
|
1,243
|
| Increase (decrease) in accounts payable, accrued expenses and other liabilities |
(11,396)
|
(2,370)
|
| Increase in rents received in advance and security deposits |
3,891
|
370
|
| Increase (decrease) in accrued interest payable |
8,113
|
(489)
|
| Net cash provided by operating activities |
51,313
|
25,481
|
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
| Rental property acquisitions and related intangibles |
(413,115)
|
(47,818)
|
| Rental property additions and improvements |
(22,471)
|
(34,603)
|
| Development of rental property and other related costs |
(55,511)
|
(16,131)
|
| Proceeds from the sales of rental property |
47,569
|
94,710
|
| Proceeds from the sale of investments in unconsolidated joint ventures |
14,849
|
|
| Investments in notes receivable |
(2,254)
|
|
| Repayment of notes receivable |
9,062
|
125
|
| Investment in unconsolidated joint ventures |
(6,625)
|
(7,225)
|
| Distributions in excess of cumulative earnings from unconsolidated joint ventures |
1,689
|
1,771
|
| Proceeds from investment receivable |
3,625
|
|
| Decrease in restricted cash |
1,871
|
7,777
|
| Net cash used in investing activities |
(421,311)
|
(1,394)
|
| CASH FLOW FROM FINANCING ACTIVITIES |
|
|
| Borrowings from revolving credit facility |
275,000
|
150,000
|
| Repayment of revolving credit facility |
(471,000)
|
(215,000)
|
| Repayment of senior unsecured notes |
|
(200,000)
|
| Borrowings from unsecured term loan |
325,000
|
350,000
|
| Proceeds from mortgages and loans payable |
263,779
|
77,666
|
| Repayment of mortgages, loans payable and other obligations |
(1,430)
|
(89,712)
|
| Issuance of redeemable noncontrolling interests, net |
139,002
|
|
| Payment of financing costs |
(8,627)
|
(3,392)
|
| (Distribution to) contributions from noncontrolling interests |
(15)
|
703
|
| Payment of dividends and distributions |
(15,006)
|
(15,008)
|
| Net cash provided by financing activities |
506,703
|
55,257
|
| Net increase in cash and cash equivalents |
136,705
|
79,344
|
| Cash and cash equivalents, beginning of period |
31,611
|
37,077
|
| Cash and cash equivalents, end of period |
$ 168,316
|
$ 116,421
|