Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Cash Flows

v3.19.3
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES          
Net income $ (56,021) $ 1,689 $ 199,244 $ 53,878  
Adjustments to reconcile net income (loss) to net cash provided by Operating activities:          
Depreciation and amortization, including related intangible assets     144,160 124,894  
Amortization of directors deferred compensation stock units     238 378  
Amortization of stock compensation     6,051 4,959  
Amortization of deferred financing costs     3,478 3,543  
Amortization of debt discount and mark-to-market     (711) (711)  
Equity in (earnings) loss of unconsolidated joint ventures 113 687 882 (833)  
Distributions of cumulative earnings from unconsolidated joint ventures     5,520 7,736  
Gain on change of control of interests   (14,217) (13,790) (14,217)  
Realized (gains) losses and unrealized losses on disposition of rental property, net     (233,285) (50,094)  
Gain on disposition of developable land (296)   (566)    
Property impairments 5,894   11,696    
Land and other Impairments 6,345   8,844    
Gain on sale of investments in unconsolidated joint ventures     (903)    
(Gain)Loss from extinguishment of debt     (1,801) 10,289  
Changes in operating assets and liabilities:          
Increase in unbilled rents receivable, net     (9,659) (5,224)  
Increase in deferred charges, goodwill and other assets     (18,940) (19,828)  
Increase in accounts receivable, net     (2,878) (442)  
Increase in accounts payable, accrued expenses and other liabilities     16,087 10,043  
Increase (decrease) in rents received in advance and security deposits     809 (2,972)  
Increase in accrued interest payable     6,431 4,858  
Net cash provided by operating activities     120,907 126,257  
CASH FLOWS FROM INVESTING ACTIVITIES          
Rental property acquisitions and related intangibles     (955,945) (163,885)  
Rental property additions and improvements     (109,338) (132,252)  
Development of rental property and other related costs     (155,367) (141,795)  
Proceeds from the sales of rental property     637,982 259,388  
Proceeds from the sale of investments in unconsolidated joint ventures     4,039    
Repayment of notes receivable     46,430 7,977  
Investment in unconsolidated joint ventures     (8,859) (6,658)  
Distributions in excess of cumulative earnings from unconsolidated joint ventures     4,977 9,707  
Net cash used in investing activities     (536,081) (167,518)  
CASH FLOW FROM FINANCING ACTIVITIES          
Borrowings from revolving credit facility     489,000 428,000  
Repayment of revolving credit facility     (398,000) (381,000)  
Repayment of unsecured term loan     (395,000)    
Proceeds from mortgages and loans payable     764,583 227,778  
Repayment of mortgages, loans payable and other obligations     (97,215) (277,987)  
Acquisition of noncontrolling interests     (5,017)    
Issuance of redeemable noncontrolling interests, net     145,000 85,000  
Payment of financing costs     (7,003) (1,022)  
(Contributions) Distributions to noncontrolling interests     (407) (6,939)  
Payment of dividends and distributions     (75,918) (69,599)  
Net cash provided by financing activities     420,023 4,231  
Net increase (decrease) in cash and cash equivalents     4,849 (37,030)  
Cash, cash equivalents and restricted cash, beginning of period [1]     49,554 67,972 $ 67,972
Cash, cash equivalents and restricted cash, end of period 54,403 [2] 30,942 [2] 54,403 [2] 30,942 [2] 49,554 [1]
Mack-Cali Realty LP [Member]          
CASH FLOWS FROM OPERATING ACTIVITIES          
Net income (56,021) 1,689 199,244 53,878  
Adjustments to reconcile net income (loss) to net cash provided by Operating activities:          
Depreciation and amortization, including related intangible assets     144,160 124,894  
Amortization of directors deferred compensation stock units     238 378  
Amortization of stock compensation     6,051 4,959  
Amortization of deferred financing costs     3,478 3,543  
Amortization of debt discount and mark-to-market     (711) (711)  
Equity in (earnings) loss of unconsolidated joint ventures 113 687 882 (833)  
Distributions of cumulative earnings from unconsolidated joint ventures     5,520 7,736  
Gain on change of control of interests   (14,217) (13,790) (14,217)  
Realized (gains) losses and unrealized losses on disposition of rental property, net     (233,285) (50,094)  
Gain on disposition of developable land (296)   (566)    
Property impairments 5,894   11,696    
Land and other Impairments 6,345   8,844    
Gain on sale of investments in unconsolidated joint ventures     (903)    
(Gain)Loss from extinguishment of debt     (1,801) 10,289  
Changes in operating assets and liabilities:          
Increase in unbilled rents receivable, net     (9,659) (5,224)  
Increase in deferred charges, goodwill and other assets     (18,940) (19,828)  
Increase in accounts receivable, net     (2,878) (442)  
Increase in accounts payable, accrued expenses and other liabilities     16,087 10,043  
Increase (decrease) in rents received in advance and security deposits     809 (2,972)  
Increase in accrued interest payable     6,431 4,858  
Net cash provided by operating activities     120,907 126,257  
CASH FLOWS FROM INVESTING ACTIVITIES          
Rental property acquisitions and related intangibles     (955,945) (163,885)  
Rental property additions and improvements     (109,338) (132,252)  
Development of rental property and other related costs     (155,367) (141,795)  
Proceeds from the sales of rental property     637,982 259,388  
Proceeds from the sale of investments in unconsolidated joint ventures     4,039    
Repayment of notes receivable     46,430 7,977  
Investment in unconsolidated joint ventures     (8,859) (6,658)  
Distributions in excess of cumulative earnings from unconsolidated joint ventures     4,977 9,707  
Net cash used in investing activities     (536,081) (167,518)  
CASH FLOW FROM FINANCING ACTIVITIES          
Borrowings from revolving credit facility     489,000 428,000  
Repayment of revolving credit facility     (398,000) (381,000)  
Repayment of unsecured term loan     (395,000)    
Proceeds from mortgages and loans payable     764,583 227,778  
Repayment of mortgages, loans payable and other obligations     (97,215) (277,987)  
Acquisition of noncontrolling interests     (5,017)    
Issuance of redeemable noncontrolling interests, net     145,000 85,000  
Payment of financing costs     (7,003) (1,022)  
(Contributions) Distributions to noncontrolling interests     (407) (6,939)  
Payment of dividends and distributions     (75,918) (69,599)  
Net cash provided by financing activities     420,023 4,231  
Net increase (decrease) in cash and cash equivalents     4,849 (37,030)  
Cash, cash equivalents and restricted cash, beginning of period [1]     49,554 67,972 67,972
Cash, cash equivalents and restricted cash, end of period $ 54,403 [2] $ 30,942 [2] $ 54,403 [2] $ 30,942 [2] $ 49,554 [1]
[1] Includes Restricted Cash of $19,921 and $39,792 as of December 31, 2018 and 2017, respectively.
[2] Includes Restricted Cash of $19,635 and $20,119 as of September 30, 2019 and 2018, respectively.