Consolidated Statements Of Cash Flows - USD ($)
|
3 Months Ended |
Mar. 31, 2018 |
Mar. 31, 2017 |
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
|
| Net income |
|
$ 50,688,000
|
$ 22,729,000
|
| Adjustments to reconcile net income to net cash provided by Operating activities: |
|
|
|
| Depreciation and amortization, including related intangible assets |
|
39,489,000
|
46,338,000
|
| Amortization of directors deferred compensation stock units |
|
125,000
|
115,000
|
| Amortization of stock compensation |
|
2,532,000
|
1,053,000
|
| Amortization of deferred financing costs |
|
1,096,000
|
1,103,000
|
| Amortization of debt discount and mark-to-market |
|
(237,000)
|
241,000
|
| Write-off of unamortized deferred finance costs related to early extinguishment |
|
105,000
|
0
|
| Equity in (earnings) loss of unconsolidated joint ventures |
|
(1,572,000)
|
51,000
|
| Distributions of cumulative earnings from unconsolidated joint ventures |
|
2,119,000
|
2,684,000
|
| Realized (gains) losses and unrealized losses on disposition of rental property, net |
|
(58,186,000)
|
(5,506,000)
|
| Gain on sale of investments in unconsolidated joint ventures |
|
|
(12,563,000)
|
| Loss (gain) from extinguishment of debt |
|
10,289,000
|
239,000
|
| Changes in operating assets and liabilities: |
|
|
|
| Increase in unbilled rents receivable, net |
|
(3,788,000)
|
(2,950,000)
|
| Increase in deferred charges, goodwill and other assets |
|
(1,899,000)
|
(2,842,000)
|
| (Increase) decrease in accounts receivable, net |
|
(545,000)
|
13,000
|
| Increase (decrease) in accounts payable, accrued expenses and other liabilities |
|
14,134,000
|
(11,396,000)
|
| (Decrease) Increase in rents received in advance and security deposits |
|
(2,118,000)
|
3,891,000
|
| Increase in accrued interest payable |
|
4,667,000
|
8,113,000
|
| Net cash provided by operating activities |
|
56,899,000
|
51,313,000
|
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
|
| Rental property acquisitions and related intangibles |
|
(365,000)
|
(413,115,000)
|
| Rental property additions and improvements |
|
(55,935,000)
|
(22,471,000)
|
| Development of rental property and other related costs |
|
(50,038,000)
|
(55,511,000)
|
| Proceeds from the sales of rental property |
|
243,244,000
|
48,221,000
|
| Proceeds from the sale of investments in unconsolidated joint ventures |
|
|
14,849,000
|
| Investments in notes receivable |
|
|
(2,254,000)
|
| Repayment of notes receivable |
|
3,337,000
|
9,062,000
|
| Investment in unconsolidated joint ventures |
|
(1,266,000)
|
(6,625,000)
|
| Distributions in excess of cumulative earnings from unconsolidated joint ventures |
|
4,571,000
|
1,689,000
|
| Proceeds from investment receivable |
|
|
3,625,000
|
| Net cash provided by (used in) investing activities |
|
143,548,000
|
(422,530,000)
|
| CASH FLOW FROM FINANCING ACTIVITIES |
|
|
|
| Borrowings from revolving credit facility |
|
322,000,000
|
275,000,000
|
| Repayment of revolving credit facility |
|
(281,000,000)
|
(471,000,000)
|
| Borrowings from unsecured term loan |
|
|
325,000,000
|
| Proceeds from mortgages and loans payable |
|
41,090,000
|
268,642,000
|
| Repayment of mortgages, loans payable and other obligations |
|
(277,287,000)
|
(1,430,000)
|
| Issuance of redeemable noncontrolling interests |
|
10,000,000
|
139,002,000
|
| Payment of financing costs |
|
(255,000)
|
(8,627,000)
|
| (Distribution to) contributions from noncontrolling interests |
|
|
(15,000)
|
| Payment of dividends and distributions |
|
(22,830,000)
|
(15,006,000)
|
| Net cash (used in) provided by financing activities |
|
(208,282,000)
|
511,566,000
|
| Net (decrease) increase in cash and cash equivalents |
|
(7,835,000)
|
140,349,000
|
| Cash, cash equivalents and restricted cash, beginning of period |
[1] |
67,972,000
|
85,563,000
|
| Cash, cash equivalents and restricted cash, end of period |
[2] |
60,137,000
|
225,912,000
|
| Mack-Cali Realty LP [Member] |
|
|
|
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
|
| Net income |
|
50,688,000
|
22,729,000
|
| Adjustments to reconcile net income to net cash provided by Operating activities: |
|
|
|
| Depreciation and amortization, including related intangible assets |
|
39,489,000
|
46,338,000
|
| Amortization of directors deferred compensation stock units |
|
125,000
|
115,000
|
| Amortization of stock compensation |
|
2,532,000
|
1,053,000
|
| Amortization of deferred financing costs |
|
1,096,000
|
1,103,000
|
| Amortization of debt discount and mark-to-market |
|
(237,000)
|
241,000
|
| Write-off of unamortized deferred finance costs related to early extinguishment |
|
105,000
|
|
| Equity in (earnings) loss of unconsolidated joint ventures |
|
(1,572,000)
|
51,000
|
| Distributions of cumulative earnings from unconsolidated joint ventures |
|
2,119,000
|
2,684,000
|
| Realized (gains) losses and unrealized losses on disposition of rental property, net |
|
(58,186,000)
|
(5,506,000)
|
| Gain on sale of investments in unconsolidated joint ventures |
|
|
(12,563,000)
|
| Loss (gain) from extinguishment of debt |
|
10,289,000
|
239,000
|
| Changes in operating assets and liabilities: |
|
|
|
| Increase in unbilled rents receivable, net |
|
(3,788,000)
|
(2,950,000)
|
| Increase in deferred charges, goodwill and other assets |
|
(1,899,000)
|
(2,842,000)
|
| (Increase) decrease in accounts receivable, net |
|
(545,000)
|
13,000
|
| Increase (decrease) in accounts payable, accrued expenses and other liabilities |
|
14,134,000
|
(11,396,000)
|
| (Decrease) Increase in rents received in advance and security deposits |
|
(2,118,000)
|
3,891,000
|
| Increase in accrued interest payable |
|
4,667,000
|
8,113,000
|
| Net cash provided by operating activities |
|
56,899,000
|
51,313,000
|
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
|
| Rental property acquisitions and related intangibles |
|
(365,000)
|
(413,115,000)
|
| Rental property additions and improvements |
|
(55,935,000)
|
(22,471,000)
|
| Development of rental property and other related costs |
|
(50,038,000)
|
(55,511,000)
|
| Proceeds from the sales of rental property |
|
243,244,000
|
48,221,000
|
| Proceeds from the sale of investments in unconsolidated joint ventures |
|
|
14,849,000
|
| Investments in notes receivable |
|
|
(2,254,000)
|
| Repayment of notes receivable |
|
3,337,000
|
9,062,000
|
| Investment in unconsolidated joint ventures |
|
(1,266,000)
|
(6,625,000)
|
| Distributions in excess of cumulative earnings from unconsolidated joint ventures |
|
4,571,000
|
1,689,000
|
| Proceeds from investment receivable |
|
|
3,625,000
|
| Net cash provided by (used in) investing activities |
|
143,548,000
|
(422,530,000)
|
| CASH FLOW FROM FINANCING ACTIVITIES |
|
|
|
| Borrowings from revolving credit facility |
|
322,000,000
|
275,000,000
|
| Repayment of revolving credit facility |
|
(281,000,000)
|
(471,000,000)
|
| Borrowings from unsecured term loan |
|
|
325,000,000
|
| Proceeds from mortgages and loans payable |
|
41,090,000
|
268,642,000
|
| Repayment of mortgages, loans payable and other obligations |
|
(277,287,000)
|
(1,430,000)
|
| Issuance of redeemable noncontrolling interests |
|
10,000,000
|
139,002,000
|
| Payment of financing costs |
|
(255,000)
|
(8,627,000)
|
| (Distribution to) contributions from noncontrolling interests |
|
|
(15,000)
|
| Payment of dividends and distributions |
|
(22,830,000)
|
(15,006,000)
|
| Net cash (used in) provided by financing activities |
|
(208,282,000)
|
511,566,000
|
| Net (decrease) increase in cash and cash equivalents |
|
(7,835,000)
|
140,349,000
|
| Cash, cash equivalents and restricted cash, beginning of period |
[1] |
67,972,000
|
85,563,000
|
| Cash, cash equivalents and restricted cash, end of period |
[2] |
$ 60,137,000
|
$ 225,912,000
|
|
|