Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Cash Flows

v3.7.0.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 22,729 $ 68,769
Adjustments to reconcile net income to net cash provided by Operating activities:    
Depreciation and amortization, including related intangible assets 46,338 43,413
Amortization of directors deferred compensation stock units 115 101
Amortization of stock compensation 1,053 785
Amortization of deferred financing costs 1,103 1,169
Amortization of debt discount and mark-to-market 241 610
Equity in (earnings) loss of unconsolidated joint ventures 51 1,554
Distributions of cumulative earnings from unconsolidated joint ventures 2,684 574
Gain on change of control of interests   (10,156)
Realized (gains) losses and unrealized losses on disposition of rental property, net (5,506) (58,600)
Gain on sale of investments in unconsolidated joint ventures (12,563)  
Loss from extinguishment of debt 239  
Changes in operating assets and liabilities:    
Increase in unbilled rents receivable, net (2,950) (2,169)
Increase in deferred charges, goodwill and other assets (2,842) (19,323)
Decrease in accounts receivable, net 13 1,243
Increase (decrease) in accounts payable, accrued expenses and other liabilities (11,396) (2,370)
Increase in rents received in advance and security deposits 3,891 370
Increase (decrease) in accrued interest payable 8,113 (489)
Net cash provided by operating activities 51,313 25,481
CASH FLOWS FROM INVESTING ACTIVITIES    
Rental property acquisitions and related intangibles (413,115) (47,818)
Rental property additions and improvements (22,471) (34,603)
Development of rental property and other related costs (55,511) (16,131)
Proceeds from the sales of rental property 47,569 94,710
Proceeds from the sale of investments in unconsolidated joint ventures 14,849  
Investments in notes receivable (2,254)  
Repayment of notes receivable 9,062 125
Investment in unconsolidated joint ventures (6,625) (7,225)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 1,689 1,771
Proceeds from investment receivable 3,625  
Decrease in restricted cash 1,871 7,777
Net cash used in investing activities (421,311) (1,394)
CASH FLOW FROM FINANCING ACTIVITIES    
Borrowings from revolving credit facility 275,000 150,000
Repayment of revolving credit facility (471,000) (215,000)
Repayment of senior unsecured notes   (200,000)
Borrowings from unsecured term loan 325,000 350,000
Proceeds from mortgages and loans payable 263,779 77,666
Repayment of mortgages, loans payable and other obligations (1,430) (89,712)
Issuance of redeemable noncontrolling interests, net 139,002  
Payment of financing costs (8,627) (3,392)
(Distribution to) contributions from noncontrolling interests (15) 703
Payment of dividends and distributions (15,006) (15,008)
Net cash provided by financing activities 506,703 55,257
Net increase in cash and cash equivalents 136,705 79,344
Cash and cash equivalents, beginning of period 31,611 37,077
Cash and cash equivalents, end of period 168,316 116,421
Mack-Cali Realty LP [Member]    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income 22,729 68,769
Adjustments to reconcile net income to net cash provided by Operating activities:    
Depreciation and amortization, including related intangible assets 46,338 43,413
Amortization of directors deferred compensation stock units 115 101
Amortization of stock compensation 1,053 785
Amortization of deferred financing costs 1,103 1,169
Amortization of debt discount and mark-to-market 241 610
Equity in (earnings) loss of unconsolidated joint ventures 51 1,554
Distributions of cumulative earnings from unconsolidated joint ventures 2,684 574
Gain on change of control of interests   (10,156)
Realized (gains) losses and unrealized losses on disposition of rental property, net (5,506) (58,600)
Gain on sale of investments in unconsolidated joint ventures (12,563)  
Loss from extinguishment of debt 239  
Changes in operating assets and liabilities:    
Increase in unbilled rents receivable, net (2,950) (2,169)
Increase in deferred charges, goodwill and other assets (2,842) (19,323)
Decrease in accounts receivable, net 13 1,243
Increase (decrease) in accounts payable, accrued expenses and other liabilities (11,396) (2,370)
Increase in rents received in advance and security deposits 3,891 370
Increase (decrease) in accrued interest payable 8,113 (489)
Net cash provided by operating activities 51,313 25,481
CASH FLOWS FROM INVESTING ACTIVITIES    
Rental property acquisitions and related intangibles (413,115) (47,818)
Rental property additions and improvements (22,471) (34,603)
Development of rental property and other related costs (55,511) (16,131)
Proceeds from the sales of rental property 47,569 94,710
Proceeds from the sale of investments in unconsolidated joint ventures 14,849  
Investments in notes receivable (2,254)  
Repayment of notes receivable 9,062 125
Investment in unconsolidated joint ventures (6,625) (7,225)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 1,689 1,771
Proceeds from investment receivable 3,625  
Decrease in restricted cash 1,871 7,777
Net cash used in investing activities (421,311) (1,394)
CASH FLOW FROM FINANCING ACTIVITIES    
Borrowings from revolving credit facility 275,000 150,000
Repayment of revolving credit facility (471,000) (215,000)
Repayment of senior unsecured notes   (200,000)
Borrowings from unsecured term loan 325,000 350,000
Proceeds from mortgages and loans payable 263,779 77,666
Repayment of mortgages, loans payable and other obligations (1,430) (89,712)
Issuance of redeemable noncontrolling interests, net 139,002  
Payment of financing costs (8,627) (3,392)
(Distribution to) contributions from noncontrolling interests (15) 703
Payment of dividends and distributions (15,006) (15,008)
Net cash provided by financing activities 506,703 55,257
Net increase in cash and cash equivalents 136,705 79,344
Cash and cash equivalents, beginning of period 31,611 37,077
Cash and cash equivalents, end of period $ 168,316 $ 116,421