Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands |
6 Months Ended |
Jun. 30, 2017 |
Jun. 30, 2016 |
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
| Net income (loss) |
$ (16,396)
|
$ 123,135
|
| Adjustments to reconcile net income to net cash provided by Operating activities: |
|
|
| Depreciation and amortization, including related intangible assets |
102,389
|
87,168
|
| Amortization of directors deferred compensation stock units |
236
|
198
|
| Amortization of stock compensation |
3,099
|
2,253
|
| Amortization of deferred financing costs |
2,278
|
2,349
|
| Amortization of debt discount and mark-to-market |
78
|
1,126
|
| Equity in (earnings) loss of unconsolidated joint ventures |
3,349
|
2,168
|
| Distributions of cumulative earnings from unconsolidated joint ventures |
3,822
|
2,415
|
| Gain on change of control of interests |
|
(15,347)
|
| Realized (gains) losses and unrealized losses on disposition of rental property, net |
33,448
|
(85,717)
|
| Gain on sale of investments in unconsolidated joint ventures |
(12,563)
|
(5,670)
|
| Loss (gain) from extinguishment of debt |
239
|
(12,420)
|
| Changes in operating assets and liabilities: |
|
|
| Increase in unbilled rents receivable, net |
(5,927)
|
(6,745)
|
| Increase in deferred charges, goodwill and other assets |
(9,028)
|
(25,470)
|
| Decrease in accounts receivable, net |
1,911
|
4,580
|
| Increase (decrease) in accounts payable, accrued expenses and other liabilities |
(9,544)
|
(5,433)
|
| Increase (decrease) in rents received in advance and security deposits |
5,599
|
(559)
|
| Increase (decrease) in accrued interest payable |
772
|
(3,196)
|
| Net cash provided by operating activities |
103,762
|
64,835
|
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
| Rental property acquisitions and related intangibles |
(536,224)
|
(217,006)
|
| Rental property additions and improvements |
(46,103)
|
(51,638)
|
| Development of rental property and other related costs |
(133,685)
|
(77,386)
|
| Proceeds from the sales of rental property |
47,569
|
326,899
|
| Proceeds from the sale of investments in unconsolidated joint ventures |
14,849
|
6,420
|
| Investments in notes receivable |
(2,254)
|
|
| Repayment of notes receivable |
9,341
|
250
|
| Investment in unconsolidated joint ventures |
(11,422)
|
(23,657)
|
| Distributions in excess of cumulative earnings from unconsolidated joint ventures |
3,169
|
3,189
|
| Proceeds from investment receivable |
3,625
|
|
| Decrease in restricted cash |
3,300
|
452
|
| Net cash used in investing activities |
(647,835)
|
(32,477)
|
| CASH FLOW FROM FINANCING ACTIVITIES |
|
|
| Borrowings from revolving credit facility |
334,000
|
355,000
|
| Repayment of revolving credit facility |
(521,000)
|
(435,000)
|
| Repayment of senior unsecured notes |
|
(200,000)
|
| Borrowings from unsecured term loan |
325,000
|
350,000
|
| Proceeds from mortgages and loans payable |
303,117
|
106,906
|
| Repayment of mortgages, loans payable and other obligations |
(3,109)
|
(143,322)
|
| Acquisition of noncontrolling interests |
(2,011)
|
(37,946)
|
| Issuance of redeemable noncontrolling interests, net |
139,002
|
|
| Payment of financing costs |
(8,485)
|
(6,656)
|
| (Distribution to) contributions from noncontrolling interests |
(18)
|
1,065
|
| Payment of dividends and distributions |
(32,315)
|
(30,025)
|
| Net cash provided by (used in) financing activities |
534,181
|
(39,978)
|
| Net decrease in cash and cash equivalents |
(9,892)
|
(7,620)
|
| Cash and cash equivalents, beginning of period |
31,611
|
37,077
|
| Cash and cash equivalents, end of period |
21,719
|
29,457
|
| Mack-Cali Realty LP [Member] |
|
|
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
| Net income (loss) |
(16,396)
|
123,135
|
| Adjustments to reconcile net income to net cash provided by Operating activities: |
|
|
| Depreciation and amortization, including related intangible assets |
102,389
|
87,168
|
| Amortization of directors deferred compensation stock units |
236
|
198
|
| Amortization of stock compensation |
3,099
|
2,253
|
| Amortization of deferred financing costs |
2,278
|
2,349
|
| Amortization of debt discount and mark-to-market |
78
|
1,126
|
| Equity in (earnings) loss of unconsolidated joint ventures |
3,349
|
2,168
|
| Distributions of cumulative earnings from unconsolidated joint ventures |
3,822
|
2,415
|
| Gain on change of control of interests |
|
(15,347)
|
| Realized (gains) losses and unrealized losses on disposition of rental property, net |
33,448
|
(85,717)
|
| Gain on sale of investments in unconsolidated joint ventures |
(12,563)
|
(5,670)
|
| Loss (gain) from extinguishment of debt |
239
|
(12,420)
|
| Changes in operating assets and liabilities: |
|
|
| Increase in unbilled rents receivable, net |
(5,927)
|
(6,745)
|
| Increase in deferred charges, goodwill and other assets |
(9,028)
|
(25,470)
|
| Decrease in accounts receivable, net |
1,911
|
4,580
|
| Increase (decrease) in accounts payable, accrued expenses and other liabilities |
(9,544)
|
(5,433)
|
| Increase (decrease) in rents received in advance and security deposits |
5,599
|
(559)
|
| Increase (decrease) in accrued interest payable |
772
|
(3,196)
|
| Net cash provided by operating activities |
103,762
|
64,835
|
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
| Rental property acquisitions and related intangibles |
(536,224)
|
(217,006)
|
| Rental property additions and improvements |
(46,103)
|
(51,638)
|
| Development of rental property and other related costs |
(133,685)
|
(77,386)
|
| Proceeds from the sales of rental property |
47,569
|
326,899
|
| Proceeds from the sale of investments in unconsolidated joint ventures |
14,849
|
6,420
|
| Investments in notes receivable |
(2,254)
|
|
| Repayment of notes receivable |
9,341
|
250
|
| Investment in unconsolidated joint ventures |
(11,422)
|
(23,657)
|
| Distributions in excess of cumulative earnings from unconsolidated joint ventures |
3,169
|
3,189
|
| Proceeds from investment receivable |
3,625
|
|
| Decrease in restricted cash |
3,300
|
452
|
| Net cash used in investing activities |
(647,835)
|
(32,477)
|
| CASH FLOW FROM FINANCING ACTIVITIES |
|
|
| Borrowings from revolving credit facility |
334,000
|
355,000
|
| Repayment of revolving credit facility |
(521,000)
|
(435,000)
|
| Repayment of senior unsecured notes |
|
(200,000)
|
| Borrowings from unsecured term loan |
325,000
|
350,000
|
| Proceeds from mortgages and loans payable |
303,117
|
106,906
|
| Repayment of mortgages, loans payable and other obligations |
(3,109)
|
(143,322)
|
| Acquisition of noncontrolling interests |
(2,011)
|
(37,946)
|
| Issuance of redeemable noncontrolling interests, net |
139,002
|
|
| Payment of financing costs |
(8,485)
|
(6,656)
|
| (Distribution to) contributions from noncontrolling interests |
(18)
|
1,065
|
| Payment of dividends and distributions |
(32,315)
|
(30,025)
|
| Net cash provided by (used in) financing activities |
534,181
|
(39,978)
|
| Net decrease in cash and cash equivalents |
(9,892)
|
(7,620)
|
| Cash and cash equivalents, beginning of period |
31,611
|
37,077
|
| Cash and cash equivalents, end of period |
$ 21,719
|
$ 29,457
|