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
 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ (16,396) $ 123,135
Adjustments to reconcile net income to net cash provided by Operating activities:    
Depreciation and amortization, including related intangible assets 102,389 87,168
Amortization of directors deferred compensation stock units 236 198
Amortization of stock compensation 3,099 2,253
Amortization of deferred financing costs 2,278 2,349
Amortization of debt discount and mark-to-market 78 1,126
Equity in (earnings) loss of unconsolidated joint ventures 3,349 2,168
Distributions of cumulative earnings from unconsolidated joint ventures 3,822 2,415
Gain on change of control of interests   (15,347)
Realized (gains) losses and unrealized losses on disposition of rental property, net 33,448 (85,717)
Gain on sale of investments in unconsolidated joint ventures (12,563) (5,670)
Loss (gain) from extinguishment of debt 239 (12,420)
Changes in operating assets and liabilities:    
Increase in unbilled rents receivable, net (5,927) (6,745)
Increase in deferred charges, goodwill and other assets (9,028) (25,470)
Decrease in accounts receivable, net 1,911 4,580
Increase (decrease) in accounts payable, accrued expenses and other liabilities (9,544) (5,433)
Increase (decrease) in rents received in advance and security deposits 5,599 (559)
Increase (decrease) in accrued interest payable 772 (3,196)
Net cash provided by operating activities 103,762 64,835
CASH FLOWS FROM INVESTING ACTIVITIES    
Rental property acquisitions and related intangibles (536,224) (217,006)
Rental property additions and improvements (46,103) (51,638)
Development of rental property and other related costs (133,685) (77,386)
Proceeds from the sales of rental property 47,569 326,899
Proceeds from the sale of investments in unconsolidated joint ventures 14,849 6,420
Investments in notes receivable (2,254)  
Repayment of notes receivable 9,341 250
Investment in unconsolidated joint ventures (11,422) (23,657)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 3,169 3,189
Proceeds from investment receivable 3,625  
Decrease in restricted cash 3,300 452
Net cash used in investing activities (647,835) (32,477)
CASH FLOW FROM FINANCING ACTIVITIES    
Borrowings from revolving credit facility 334,000 355,000
Repayment of revolving credit facility (521,000) (435,000)
Repayment of senior unsecured notes   (200,000)
Borrowings from unsecured term loan 325,000 350,000
Proceeds from mortgages and loans payable 303,117 106,906
Repayment of mortgages, loans payable and other obligations (3,109) (143,322)
Acquisition of noncontrolling interests (2,011) (37,946)
Issuance of redeemable noncontrolling interests, net 139,002  
Payment of financing costs (8,485) (6,656)
(Distribution to) contributions from noncontrolling interests (18) 1,065
Payment of dividends and distributions (32,315) (30,025)
Net cash provided by (used in) financing activities 534,181 (39,978)
Net decrease in cash and cash equivalents (9,892) (7,620)
Cash and cash equivalents, beginning of period 31,611 37,077
Cash and cash equivalents, end of period 21,719 29,457
Mack-Cali Realty LP [Member]    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) (16,396) 123,135
Adjustments to reconcile net income to net cash provided by Operating activities:    
Depreciation and amortization, including related intangible assets 102,389 87,168
Amortization of directors deferred compensation stock units 236 198
Amortization of stock compensation 3,099 2,253
Amortization of deferred financing costs 2,278 2,349
Amortization of debt discount and mark-to-market 78 1,126
Equity in (earnings) loss of unconsolidated joint ventures 3,349 2,168
Distributions of cumulative earnings from unconsolidated joint ventures 3,822 2,415
Gain on change of control of interests   (15,347)
Realized (gains) losses and unrealized losses on disposition of rental property, net 33,448 (85,717)
Gain on sale of investments in unconsolidated joint ventures (12,563) (5,670)
Loss (gain) from extinguishment of debt 239 (12,420)
Changes in operating assets and liabilities:    
Increase in unbilled rents receivable, net (5,927) (6,745)
Increase in deferred charges, goodwill and other assets (9,028) (25,470)
Decrease in accounts receivable, net 1,911 4,580
Increase (decrease) in accounts payable, accrued expenses and other liabilities (9,544) (5,433)
Increase (decrease) in rents received in advance and security deposits 5,599 (559)
Increase (decrease) in accrued interest payable 772 (3,196)
Net cash provided by operating activities 103,762 64,835
CASH FLOWS FROM INVESTING ACTIVITIES    
Rental property acquisitions and related intangibles (536,224) (217,006)
Rental property additions and improvements (46,103) (51,638)
Development of rental property and other related costs (133,685) (77,386)
Proceeds from the sales of rental property 47,569 326,899
Proceeds from the sale of investments in unconsolidated joint ventures 14,849 6,420
Investments in notes receivable (2,254)  
Repayment of notes receivable 9,341 250
Investment in unconsolidated joint ventures (11,422) (23,657)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 3,169 3,189
Proceeds from investment receivable 3,625  
Decrease in restricted cash 3,300 452
Net cash used in investing activities (647,835) (32,477)
CASH FLOW FROM FINANCING ACTIVITIES    
Borrowings from revolving credit facility 334,000 355,000
Repayment of revolving credit facility (521,000) (435,000)
Repayment of senior unsecured notes   (200,000)
Borrowings from unsecured term loan 325,000 350,000
Proceeds from mortgages and loans payable 303,117 106,906
Repayment of mortgages, loans payable and other obligations (3,109) (143,322)
Acquisition of noncontrolling interests (2,011) (37,946)
Issuance of redeemable noncontrolling interests, net 139,002  
Payment of financing costs (8,485) (6,656)
(Distribution to) contributions from noncontrolling interests (18) 1,065
Payment of dividends and distributions (32,315) (30,025)
Net cash provided by (used in) financing activities 534,181 (39,978)
Net decrease in cash and cash equivalents (9,892) (7,620)
Cash and cash equivalents, beginning of period 31,611 37,077
Cash and cash equivalents, end of period $ 21,719 $ 29,457