Consolidated Statements Of Cash Flows - USD ($)
|
6 Months Ended |
Jun. 30, 2018 |
Jun. 30, 2017 |
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
|
| Net income (loss) |
|
$ 52,189,000
|
$ (16,396,000)
|
| Adjustments to reconcile net income (loss) to net cash provided by Operating activities: |
|
|
|
| Depreciation and amortization, including related intangible assets |
|
79,827,000
|
102,389,000
|
| Amortization of directors deferred compensation stock units |
|
251,000
|
236,000
|
| Amortization of stock compensation |
|
3,189,000
|
3,099,000
|
| Amortization of deferred financing costs |
|
2,241,000
|
2,278,000
|
| Amortization of debt discount and mark-to-market |
|
(474,000)
|
78,000
|
| Write off of unamortized deferred financing costs related to early extinguishment |
|
105,000
|
0
|
| Equity in (earnings) loss of unconsolidated joint ventures |
|
(1,520,000)
|
3,349,000
|
| Distributions of cumulative earnings from unconsolidated joint ventures |
|
3,469,000
|
3,822,000
|
| Realized (gains) losses and unrealized losses on disposition of rental property, net |
|
(59,196,000)
|
33,448,000
|
| Gain on sale of investments in unconsolidated joint ventures |
|
|
(12,563,000)
|
| Loss from extinguishment of debt |
|
10,289,000
|
239,000
|
| Changes in operating assets and liabilities: |
|
|
|
| Increase in unbilled rents receivable, net |
|
(3,497,000)
|
(5,927,000)
|
| Increase in deferred charges, goodwill and other assets |
|
(8,510,000)
|
(9,028,000)
|
| Decrease in accounts receivable, net |
|
396,000
|
1,911,000
|
| Increase (decrease) in accounts payable, accrued expenses and other liabilities |
|
7,033,000
|
(9,544,000)
|
| (Decrease) Increase in rents received in advance and security deposits |
|
(2,855,000)
|
5,599,000
|
| (Decrease) Increase in accrued interest payable |
|
(1,001,000)
|
772,000
|
| Net cash provided by operating activities |
|
81,936,000
|
103,762,000
|
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
|
| Rental property acquisitions and related intangibles |
|
(4,854,000)
|
(536,224,000)
|
| Rental property additions and improvements |
|
(97,085,000)
|
(46,103,000)
|
| Development of rental property and other related costs |
|
(105,749,000)
|
(133,685,000)
|
| Proceeds from the sales of rental property |
|
244,754,000
|
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 |
|
6,366,000
|
9,341,000
|
| Investment in unconsolidated joint ventures |
|
(3,352,000)
|
(11,422,000)
|
| Distributions in excess of cumulative earnings from unconsolidated joint ventures |
|
7,806,000
|
3,169,000
|
| Proceeds from investment receivable |
|
|
3,625,000
|
| Net cash provided by (used in) investing activities |
|
47,886,000
|
(650,483,000)
|
| CASH FLOW FROM FINANCING ACTIVITIES |
|
|
|
| Borrowings from revolving credit facility |
|
371,000,000
|
334,000,000
|
| Repayment of revolving credit facility |
|
(338,000,000)
|
(521,000,000)
|
| Borrowings from unsecured term loan |
|
|
325,000,000
|
| Proceeds from mortgages and loans payable |
|
79,748,000
|
307,980,000
|
| Repayment of mortgages, loans payable and other obligations |
|
(277,637,000)
|
(3,109,000)
|
| Acquisition of noncontrolling interests |
|
|
(2,011,000)
|
| Issuance of redeemable noncontrolling interests, net |
|
65,000,000
|
139,002,000
|
| Payment of financing costs |
|
(255,000)
|
(8,485,000)
|
| (Distribution to) contributions from noncontrolling interests |
|
51,000
|
(18,000)
|
| Payments of dividends and distributions |
|
(45,916,000)
|
(32,315,000)
|
| Net cash (used in) provided by financing activities |
|
(146,009,000)
|
539,044,000
|
| Net decrease in cash and cash equivalents |
|
(16,187,000)
|
(7,677,000)
|
| 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] |
51,785,000
|
77,886,000
|
| Mack-Cali Realty LP [Member] |
|
|
|
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
|
| Net income (loss) |
|
52,189,000
|
(16,396,000)
|
| Adjustments to reconcile net income (loss) to net cash provided by Operating activities: |
|
|
|
| Depreciation and amortization, including related intangible assets |
|
79,827,000
|
102,389,000
|
| Amortization of directors deferred compensation stock units |
|
251,000
|
236,000
|
| Amortization of stock compensation |
|
3,189,000
|
3,099,000
|
| Amortization of deferred financing costs |
|
2,241,000
|
2,278,000
|
| Amortization of debt discount and mark-to-market |
|
(474,000)
|
78,000
|
| Write off of unamortized deferred financing costs related to early extinguishment |
|
105,000
|
|
| Equity in (earnings) loss of unconsolidated joint ventures |
|
(1,520,000)
|
3,349,000
|
| Distributions of cumulative earnings from unconsolidated joint ventures |
|
3,469,000
|
3,822,000
|
| Realized (gains) losses and unrealized losses on disposition of rental property, net |
|
(59,196,000)
|
33,448,000
|
| Gain on sale of investments in unconsolidated joint ventures |
|
|
(12,563,000)
|
| Loss from extinguishment of debt |
|
10,289,000
|
239,000
|
| Changes in operating assets and liabilities: |
|
|
|
| Increase in unbilled rents receivable, net |
|
(3,497,000)
|
(5,927,000)
|
| Increase in deferred charges, goodwill and other assets |
|
(8,510,000)
|
(9,028,000)
|
| Decrease in accounts receivable, net |
|
396,000
|
1,911,000
|
| Increase (decrease) in accounts payable, accrued expenses and other liabilities |
|
7,033,000
|
(9,544,000)
|
| (Decrease) Increase in rents received in advance and security deposits |
|
(2,855,000)
|
5,599,000
|
| (Decrease) Increase in accrued interest payable |
|
(1,001,000)
|
772,000
|
| Net cash provided by operating activities |
|
81,936,000
|
103,762,000
|
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
|
| Rental property acquisitions and related intangibles |
|
(4,854,000)
|
(536,224,000)
|
| Rental property additions and improvements |
|
(97,085,000)
|
(46,103,000)
|
| Development of rental property and other related costs |
|
(105,749,000)
|
(133,685,000)
|
| Proceeds from the sales of rental property |
|
244,754,000
|
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 |
|
6,366,000
|
9,341,000
|
| Investment in unconsolidated joint ventures |
|
(3,352,000)
|
(11,422,000)
|
| Distributions in excess of cumulative earnings from unconsolidated joint ventures |
|
7,806,000
|
3,169,000
|
| Proceeds from investment receivable |
|
|
3,625,000
|
| Net cash provided by (used in) investing activities |
|
47,886,000
|
(650,483,000)
|
| CASH FLOW FROM FINANCING ACTIVITIES |
|
|
|
| Borrowings from revolving credit facility |
|
371,000,000
|
334,000,000
|
| Repayment of revolving credit facility |
|
(338,000,000)
|
(521,000,000)
|
| Borrowings from unsecured term loan |
|
|
325,000,000
|
| Proceeds from mortgages and loans payable |
|
79,748,000
|
307,980,000
|
| Repayment of mortgages, loans payable and other obligations |
|
(277,637,000)
|
(3,109,000)
|
| Acquisition of noncontrolling interests |
|
|
(2,011,000)
|
| Issuance of redeemable noncontrolling interests, net |
|
65,000,000
|
139,002,000
|
| Payment of financing costs |
|
(255,000)
|
(8,485,000)
|
| (Distribution to) contributions from noncontrolling interests |
|
51,000
|
(18,000)
|
| Payments of dividends and distributions |
|
(45,916,000)
|
(32,315,000)
|
| Net cash (used in) provided by financing activities |
|
(146,009,000)
|
539,044,000
|
| Net decrease in cash and cash equivalents |
|
(16,187,000)
|
(7,677,000)
|
| 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] |
$ 51,785,000
|
$ 77,886,000
|
|
|