Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands |
3 Months Ended |
12 Months Ended |
Mar. 31, 2020 |
Mar. 31, 2019 |
Dec. 31, 2019 |
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
|
|
|
|
|
| Net income (loss) |
|
$ (37,844)
|
|
$ 275,594
|
|
|
|
| Net (income) loss from discontinued operations |
|
5,753
|
|
(8,228)
|
|
|
|
| Income (loss) from continuing operations |
|
(32,091)
|
|
267,366
|
|
|
|
| Adjustments to reconcile net income (loss) to net cash provided by Operating activities: |
|
|
|
|
|
|
|
| Depreciation and amortization, including related intangible assets |
|
32,904
|
|
30,792
|
|
|
|
| Depreciation and amortization on discontinued operations |
|
1,445
|
|
16,502
|
|
|
|
| Amortization of directors deferred compensation stock units |
|
82
|
|
130
|
|
|
|
| Amortization of stock compensation |
|
2,530
|
|
1,880
|
|
|
|
| Amortization of deferred financing costs |
|
1,024
|
|
1,189
|
|
|
|
| Amortization of debt discount and mark-to-market |
|
(237)
|
|
(237)
|
|
|
|
| Equity in (earnings) loss of unconsolidated joint ventures |
|
708
|
|
681
|
|
|
|
| Distributions of cumulative earnings from unconsolidated joint ventures |
|
815
|
|
1,553
|
|
|
|
| Gain on change of control of interests |
|
|
|
(13,790)
|
|
|
|
| Realized (gains) losses and unrealized losses on disposition of rental property, net |
|
7,915
|
|
(268,109)
|
|
|
|
| Realized (gains) losses and unrealized losses on disposition of rental property, net on discontinued operations |
|
27,746
|
|
|
|
|
|
| Gain on disposition of developable land |
|
(4,813)
|
|
|
|
|
|
| Land and other Impairments |
|
5,263
|
|
|
|
|
|
| Gain on sale of investments in unconsolidated joint ventures |
|
|
|
(903)
|
|
|
|
| (Gain)Loss from extinguishment of debt |
|
|
|
(1,311)
|
|
|
|
| Changes in operating assets and liabilities: |
|
|
|
|
|
|
|
| Increase in unbilled rents receivable, net |
|
(1,392)
|
|
(1,445)
|
|
|
|
| Decrease (increase) in deferred charges, goodwill and other assets |
|
291
|
|
(4,934)
|
|
|
|
| Increase in accounts receivable, net |
|
(1,673)
|
|
(436)
|
|
|
|
| Increase (decrease) in accounts payable, accrued expenses and other liabilities |
|
4,384
|
|
17,135
|
|
|
|
| Decrease in rents received in advance and security deposits |
|
(5,132)
|
|
(7,892)
|
|
|
|
| Increase in accrued interest payable |
|
5,473
|
|
5,301
|
|
|
|
| Net cashflows provided by operating activities - continuing operations |
|
16,051
|
|
26,971
|
|
|
|
| Net cash flows provided by operating activities - discontinuing operations |
|
27,612
|
|
19,066
|
|
|
|
| Net cash provided by operating activities |
|
43,663
|
|
46,037
|
|
|
|
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
|
|
|
|
|
| Rental property acquisitions and related intangibles |
|
(16,019)
|
|
(168,056)
|
|
|
|
| Rental property additions and improvements |
|
(62,992)
|
|
(37,733)
|
|
|
|
| Development of rental property and other related costs |
|
(71,989)
|
|
(38,528)
|
|
|
|
| Proceeds from the sales of rental property |
|
6,939
|
|
330,369
|
|
|
|
| Proceeds from the sale of investments in unconsolidated joint ventures |
|
|
|
4,039
|
|
|
|
| Repayment of notes receivable |
|
83
|
|
125
|
|
|
|
| Investment in unconsolidated joint ventures |
|
(125)
|
|
(2,443)
|
|
|
|
| Distributions in excess of cumulative earnings from unconsolidated joint ventures |
|
4,396
|
|
1,566
|
|
|
|
| Net cash used in investing activities - continuing operations |
|
(139,707)
|
|
89,339
|
|
|
|
| Net cash used in investing activities - discontinuing operations |
|
56,609
|
|
(60,451)
|
|
|
|
| Net cash (used in) provided by investing activities |
|
(83,098)
|
|
28,888
|
|
|
|
| CASH FLOW FROM FINANCING ACTIVITIES |
|
|
|
|
|
|
|
| Borrowings from revolving credit facility |
|
69,000
|
|
92,000
|
|
|
|
| Repayment of revolving credit facility |
|
(121,000)
|
|
(204,000)
|
|
|
|
| Repayment of senior unsecured notes |
|
|
|
(90,000)
|
|
|
|
| Proceeds from mortgages and loans payable |
|
120,658
|
|
121,537
|
|
|
|
| Repayment of mortgages, loans payable and other obligations |
|
(140)
|
|
(25,183)
|
|
|
|
| Acquisition of noncontrolling interests |
|
|
|
(5,017)
|
|
|
|
| Issuance of redeemable noncontrolling interests, net |
|
|
|
45,000
|
|
|
|
| Common unit redemptions |
|
(2,141)
|
|
|
|
|
|
| Payment of financing costs |
|
(656)
|
|
(1,363)
|
|
|
|
| (Contributions) Distributions to noncontrolling interests |
|
216
|
|
(99)
|
|
|
|
| Payment of dividends and distributions |
|
(26,543)
|
|
(24,732)
|
|
|
|
| Net cash provided by (used in) financing activities |
|
39,394
|
|
(91,857)
|
|
|
|
| Net decrease in cash and cash equivalents |
|
(41)
|
|
(16,932)
|
|
|
|
| Cash, cash equivalents and restricted cash, beginning of period |
[1] |
41,168
|
|
49,554
|
|
$ 49,554
|
|
| Cash, cash equivalents and restricted cash, end of period |
|
41,127
|
[2] |
32,622
|
[2] |
41,168
|
[1] |
| Mack-Cali Realty LP [Member] |
|
|
|
|
|
|
|
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
|
|
|
|
|
| Net income (loss) |
|
(37,844)
|
|
275,594
|
|
|
|
| Net (income) loss from discontinued operations |
|
5,753
|
|
(8,228)
|
|
|
|
| Income (loss) from continuing operations |
|
(32,091)
|
|
267,366
|
|
|
|
| Adjustments to reconcile net income (loss) to net cash provided by Operating activities: |
|
|
|
|
|
|
|
| Depreciation and amortization, including related intangible assets |
|
32,904
|
|
30,792
|
|
|
|
| Depreciation and amortization on discontinued operations |
|
1,445
|
|
16,502
|
|
|
|
| Amortization of directors deferred compensation stock units |
|
82
|
|
130
|
|
|
|
| Amortization of stock compensation |
|
2,530
|
|
1,880
|
|
|
|
| Amortization of deferred financing costs |
|
1,024
|
|
1,189
|
|
|
|
| Amortization of debt discount and mark-to-market |
|
(237)
|
|
(237)
|
|
|
|
| Equity in (earnings) loss of unconsolidated joint ventures |
|
708
|
|
681
|
|
|
|
| Distributions of cumulative earnings from unconsolidated joint ventures |
|
815
|
|
1,553
|
|
|
|
| Gain on change of control of interests |
|
|
|
(13,790)
|
|
|
|
| Realized (gains) losses and unrealized losses on disposition of rental property, net |
|
7,915
|
|
(268,109)
|
|
|
|
| Realized (gains) losses and unrealized losses on disposition of rental property, net on discontinued operations |
|
27,746
|
|
|
|
|
|
| Gain on disposition of developable land |
|
(4,813)
|
|
|
|
|
|
| Land and other Impairments |
|
5,263
|
|
|
|
|
|
| Gain on sale of investments in unconsolidated joint ventures |
|
|
|
(903)
|
|
|
|
| (Gain)Loss from extinguishment of debt |
|
|
|
(1,311)
|
|
|
|
| Changes in operating assets and liabilities: |
|
|
|
|
|
|
|
| Increase in unbilled rents receivable, net |
|
(1,392)
|
|
(1,445)
|
|
|
|
| Decrease (increase) in deferred charges, goodwill and other assets |
|
291
|
|
(4,934)
|
|
|
|
| Increase in accounts receivable, net |
|
(1,673)
|
|
(436)
|
|
|
|
| Increase (decrease) in accounts payable, accrued expenses and other liabilities |
|
4,384
|
|
17,135
|
|
|
|
| Decrease in rents received in advance and security deposits |
|
(5,132)
|
|
(7,892)
|
|
|
|
| Increase in accrued interest payable |
|
5,473
|
|
5,301
|
|
|
|
| Net cashflows provided by operating activities - continuing operations |
|
16,051
|
|
26,971
|
|
|
|
| Net cash flows provided by operating activities - discontinuing operations |
|
27,612
|
|
19,066
|
|
|
|
| Net cash provided by operating activities |
|
43,663
|
|
46,037
|
|
|
|
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
|
|
|
|
|
| Rental property acquisitions and related intangibles |
|
(16,019)
|
|
(168,056)
|
|
|
|
| Rental property additions and improvements |
|
(62,992)
|
|
(37,733)
|
|
|
|
| Development of rental property and other related costs |
|
(71,989)
|
|
(38,528)
|
|
|
|
| Proceeds from the sales of rental property |
|
6,939
|
|
330,369
|
|
|
|
| Proceeds from the sale of investments in unconsolidated joint ventures |
|
|
|
4,039
|
|
|
|
| Repayment of notes receivable |
|
83
|
|
125
|
|
|
|
| Investment in unconsolidated joint ventures |
|
(125)
|
|
(2,443)
|
|
|
|
| Distributions in excess of cumulative earnings from unconsolidated joint ventures |
|
4,396
|
|
1,566
|
|
|
|
| Net cash used in investing activities - continuing operations |
|
(139,707)
|
|
89,339
|
|
|
|
| Net cash used in investing activities - discontinuing operations |
|
56,609
|
|
(60,451)
|
|
|
|
| Net cash (used in) provided by investing activities |
|
(83,098)
|
|
28,888
|
|
|
|
| CASH FLOW FROM FINANCING ACTIVITIES |
|
|
|
|
|
|
|
| Borrowings from revolving credit facility |
|
69,000
|
|
92,000
|
|
|
|
| Repayment of revolving credit facility |
|
(121,000)
|
|
(204,000)
|
|
|
|
| Repayment of senior unsecured notes |
|
|
|
(90,000)
|
|
|
|
| Proceeds from mortgages and loans payable |
|
120,658
|
|
121,537
|
|
|
|
| Repayment of mortgages, loans payable and other obligations |
|
(140)
|
|
(25,183)
|
|
|
|
| Acquisition of noncontrolling interests |
|
|
|
(5,017)
|
|
|
|
| Issuance of redeemable noncontrolling interests, net |
|
|
|
45,000
|
|
|
|
| Common unit redemptions |
|
(2,141)
|
|
|
|
|
|
| Payment of financing costs |
|
(656)
|
|
(1,363)
|
|
|
|
| (Contributions) Distributions to noncontrolling interests |
|
216
|
|
(99)
|
|
|
|
| Payment of dividends and distributions |
|
(26,543)
|
|
(24,732)
|
|
|
|
| Net cash provided by (used in) financing activities |
|
39,394
|
|
(91,857)
|
|
|
|
| Net decrease in cash and cash equivalents |
|
(41)
|
|
(16,932)
|
|
|
|
| Cash, cash equivalents and restricted cash, beginning of period |
[1] |
41,168
|
|
49,554
|
|
49,554
|
|
| Cash, cash equivalents and restricted cash, end of period |
|
$ 41,127
|
[2] |
$ 32,622
|
[2] |
$ 41,168
|
[1] |
|
|