Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Cash Flows

v3.6.0.2
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ 130,294 $ (142,052) $ 31,391
Adjustments to reconcile net income to net cash provided by Operating activities:      
Depreciation and amortization, including related intangible assets 186,549 172,108 173,848
Amortization of directors deferred compensation stock units 372 397 407
Amortization of stock compensation 5,646 2,219 11,097
Amortization of deferred financing costs 4,582 3,790 3,274
Write-off of unamortized discount on senior unsecured notes     12
Amortization of debt discount and mark-to-market 1,686 3,385 6,507
Equity in (earnings) loss of unconsolidated joint ventures (18,788) 3,172 2,423
Distributions of cumulative earnings from unconsolidated joint ventures 6,120 5,644 11,213
Gain on change of control of interests (15,347)    
Realized (gains) losses and unrealized losses on disposition of rental property, net (109,666) (53,261) (54,848)
Gain on sale of investments in unconsolidated joint ventures (5,670) (6,448)  
Gain from extinguishment of debt (12,420)
Impairments   197,919  
Changes in operating assets and liabilities:      
Increase in unbilled rents receivable, net (12,775) (1,760) (4,083)
Increase in deferred charges, goodwill and other assets (33,878) (22,854) (34,402)
Decrease (increase) in accounts receivable, net 596 (2,178) 355
Increase (decrease) in accounts payable, accrued expenses and other liabilities (14,535) 6,960 15,858
Decrease in rents received in advance and security deposits (3,297) (2,408) (1,583)
(Decrease) increase in accrued interest payable (9,362) 4,822 (2,216)
Net cash provided by operating activities 100,107 169,455 159,253
CASH FLOWS FROM INVESTING ACTIVITIES      
Rental property acquisitions and related intangibles (407,869) (70,455) (61,938)
Rental property additions and improvements (121,582) (94,073) (91,813)
Development of rental property and other related costs (206,955) (81,073) (25,140)
Proceeds from the sales of rental property 607,457 81,049 274,839
Proceeds from the sale of investments in unconsolidated joint ventures 6,420 6,448  
Investments in notes receivable     (62,276)
Repayment of notes receivable 500 8,250 62,526
Acquisition of noncontrolling interests (37,946)    
Investment in unconsolidated joint ventures (35,930) (78,027) (67,325)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 22,231 6,445 35,901
Increase in restricted cash (1,934) (1,098) (14,451)
Net cash (used in) provided by investing activities (137,662) (222,534) 50,323
CASH FLOW FROM FINANCING ACTIVITIES      
Borrowings from revolving credit facility 1,165,000 334,000 277,328
Repayment of revolving credit facility (1,034,000) (179,000) (277,328)
Repayment of senior unsecured notes (448,339)   (350,000)
Borrowings from unsecured term loan 350,000    
Proceeds from mortgages and loans payable 455,190 10,752 130,135
Repayment of mortgages, loans payable and other obligations (349,426) (43,133) (83,808)
Payment of contingent consideration   (1,167) (5,228)
Payment of financing costs (9,414) (2,998) (3,147)
Contributions from noncontrolling interests 1,065 2,140 145
Payment of dividends and distributions (60,041) (59,987) (89,830)
Net cash provided by (used in) financing activities 32,089 60,607 (401,733)
Net (decrease) increase in cash and cash equivalents (5,466) 7,528 (192,157)
Cash and cash equivalents, beginning of period 37,077 29,549 221,706
Cash and cash equivalents, end of period 31,611 37,077 29,549
Mack-Cali Realty LP [Member]      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) 130,294 (142,052) 31,391
Adjustments to reconcile net income to net cash provided by Operating activities:      
Depreciation and amortization, including related intangible assets 186,549 172,108 173,848
Amortization of directors deferred compensation stock units 372 397 407
Amortization of stock compensation 5,646 2,219 11,097
Amortization of deferred financing costs 4,582 3,790 3,274
Write-off of unamortized discount on senior unsecured notes     12
Amortization of debt discount and mark-to-market 1,686 3,385 6,507
Equity in (earnings) loss of unconsolidated joint ventures (18,788) 3,172 2,423
Distributions of cumulative earnings from unconsolidated joint ventures 6,120 5,644 11,213
Gain on change of control of interests (15,347)    
Realized (gains) losses and unrealized losses on disposition of rental property, net (109,666) (53,261) (54,848)
Gain on sale of investments in unconsolidated joint ventures (5,670) (6,448)  
Gain from extinguishment of debt (12,420)    
Impairments   197,919  
Changes in operating assets and liabilities:      
Increase in unbilled rents receivable, net (12,775) (1,760) (4,083)
Increase in deferred charges, goodwill and other assets (33,878) (22,854) (34,402)
Decrease (increase) in accounts receivable, net 596 (2,178) 355
Increase (decrease) in accounts payable, accrued expenses and other liabilities (14,535) 6,960 15,858
Decrease in rents received in advance and security deposits (3,297) (2,408) (1,583)
(Decrease) increase in accrued interest payable (9,362) 4,822 (2,216)
Net cash provided by operating activities 100,107 169,455 159,253
CASH FLOWS FROM INVESTING ACTIVITIES      
Rental property acquisitions and related intangibles (407,869) (70,455) (61,938)
Rental property additions and improvements (121,582) (94,073) (91,813)
Development of rental property and other related costs (206,955) (81,073) (25,140)
Proceeds from the sales of rental property 607,457 81,049 274,839
Proceeds from the sale of investments in unconsolidated joint ventures 6,420 6,448  
Investments in notes receivable     (62,276)
Repayment of notes receivable 500 8,250 62,526
Acquisition of noncontrolling interests (37,946)
Investment in unconsolidated joint ventures (35,930) (78,027) (67,325)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 22,231 6,445 35,901
Increase in restricted cash (1,934) (1,098) (14,451)
Net cash (used in) provided by investing activities (137,662) (222,534) 50,323
CASH FLOW FROM FINANCING ACTIVITIES      
Borrowings from revolving credit facility 1,165,000 334,000 277,328
Repayment of revolving credit facility (1,034,000) (179,000) (277,328)
Repayment of senior unsecured notes (448,339)   (350,000)
Borrowings from unsecured term loan 350,000    
Proceeds from mortgages and loans payable 455,190 10,752 130,135
Repayment of mortgages, loans payable and other obligations (349,426) (43,133) (83,808)
Payment of contingent consideration   (1,167) (5,228)
Payment of financing costs (9,414) (2,998) (3,147)
Contributions from noncontrolling interests 1,065 2,140 145
Payment of dividends and distributions (60,041) (59,987) (89,830)
Net cash provided by (used in) financing activities 32,089 60,607 (401,733)
Net (decrease) increase in cash and cash equivalents (5,466) 7,528 (192,157)
Cash and cash equivalents, beginning of period 37,077 29,549 221,706
Cash and cash equivalents, end of period $ 31,611 $ 37,077 $ 29,549