Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Cash Flows

v3.8.0.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 28,307 $ 113,530
Adjustments to reconcile net income to net cash provided by Operating activities:    
Depreciation and amortization, including related intangible assets 153,057 134,756
Amortization of directors deferred compensation stock units 358 285
Amortization of stock compensation 5,268 4,299
Amortization of deferred financing costs 3,462 3,583
Amortization of debt discount and mark-to-market (86) 1,417
Equity in (earnings) loss of unconsolidated joint ventures 4,882 (19,622)
Distributions of cumulative earnings from unconsolidated joint ventures 6,502 4,833
Gain on change of control of interests   (15,347)
Realized (gains) losses and unrealized losses on disposition of rental property, net 2,112 (68,664)
Gain on sale of investments in unconsolidated joint ventures (23,131) (5,670)
Loss (gain) from extinguishment of debt 239 (12,420)
Changes in operating assets and liabilities:    
Increase in unbilled rents receivable, net (11,270) (9,860)
Increase in deferred charges, goodwill and other assets (13,244) (11,173)
Decrease in accounts receivable, net 2,038 424
Increase (decrease) in accounts payable, accrued expenses and other liabilities (3,715) (12,656)
Decrease in rents received in advance and security deposits (720) (1,425)
Increase (decrease) in accrued interest payable 8,553 (1,500)
Net cash provided by operating activities 162,612 104,790
CASH FLOWS FROM INVESTING ACTIVITIES    
Rental property acquisitions and related intangibles (543,414) (405,808)
Rental property additions and improvements (67,797) (94,017)
Development of rental property and other related costs (201,513) (150,592)
Proceeds from the sales of rental property 241,430 409,101
Proceeds from the sale of investments in unconsolidated joint ventures 107,009 6,420
Investments in notes receivable (47,049)  
Repayment of notes receivable 9,620 375
Investment in unconsolidated joint ventures (19,279) (31,318)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 4,699 20,906
Proceeds from investment receivable 3,625  
Decrease (increase) in restricted cash 7,985 (287)
Net cash used in investing activities (504,684) (245,220)
CASH FLOW FROM FINANCING ACTIVITIES    
Borrowings from revolving credit facility 428,000 793,000
Repayment of revolving credit facility (714,000) (853,000)
Repayment of senior unsecured notes   (314,755)
Borrowings from unsecured term loan 325,000 350,000
Proceeds from mortgages and loans payable 395,859 426,613
Repayment of mortgages, loans payable and other obligations (108,468) (187,969)
Acquisition of noncontrolling interests (2,011) (37,946)
Issuance of redeemable noncontrolling interests, net 139,002  
Payment of financing costs (9,051) (7,050)
(Distribution to) contributions from noncontrolling interests (19) 1,065
Payment of dividends and distributions (55,062) (45,050)
Net cash provided by financing activities 399,250 124,908
Net increase (decrease) in cash and cash equivalents 57,178 (15,522)
Cash and cash equivalents, beginning of period 31,611 37,077
Cash and cash equivalents, end of period 88,789 21,555
Mack-Cali Realty LP [Member]    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income 28,307 113,530
Adjustments to reconcile net income to net cash provided by Operating activities:    
Depreciation and amortization, including related intangible assets 153,057 134,756
Amortization of directors deferred compensation stock units 358 285
Amortization of stock compensation 5,268 4,299
Amortization of deferred financing costs 3,462 3,583
Amortization of debt discount and mark-to-market (86) 1,417
Equity in (earnings) loss of unconsolidated joint ventures 4,882 (19,622)
Distributions of cumulative earnings from unconsolidated joint ventures 6,502 4,833
Gain on change of control of interests   (15,347)
Realized (gains) losses and unrealized losses on disposition of rental property, net 2,112 (68,664)
Gain on sale of investments in unconsolidated joint ventures (23,131) (5,670)
Loss (gain) from extinguishment of debt 239 (12,420)
Changes in operating assets and liabilities:    
Increase in unbilled rents receivable, net (11,270) (9,860)
Increase in deferred charges, goodwill and other assets (13,244) (11,173)
Decrease in accounts receivable, net 2,038 424
Increase (decrease) in accounts payable, accrued expenses and other liabilities (3,715) (12,656)
Decrease in rents received in advance and security deposits (720) (1,425)
Increase (decrease) in accrued interest payable 8,553 (1,500)
Net cash provided by operating activities 162,612 104,790
CASH FLOWS FROM INVESTING ACTIVITIES    
Rental property acquisitions and related intangibles (543,414) (405,808)
Rental property additions and improvements (67,797) (94,017)
Development of rental property and other related costs (201,513) (150,592)
Proceeds from the sales of rental property 241,430 409,101
Proceeds from the sale of investments in unconsolidated joint ventures 107,009 6,420
Investments in notes receivable (47,049)  
Repayment of notes receivable 9,620 375
Investment in unconsolidated joint ventures (19,279) (31,318)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 4,699 20,906
Proceeds from investment receivable 3,625  
Decrease (increase) in restricted cash 7,985 (287)
Net cash used in investing activities (504,684) (245,220)
CASH FLOW FROM FINANCING ACTIVITIES    
Borrowings from revolving credit facility 428,000 793,000
Repayment of revolving credit facility (714,000) (853,000)
Repayment of senior unsecured notes   (314,755)
Borrowings from unsecured term loan 325,000 350,000
Proceeds from mortgages and loans payable 395,859 426,613
Repayment of mortgages, loans payable and other obligations (108,468) (187,969)
Acquisition of noncontrolling interests (2,011) (37,946)
Issuance of redeemable noncontrolling interests, net 139,002  
Payment of financing costs (9,051) (7,050)
(Distribution to) contributions from noncontrolling interests (19) 1,065
Payment of dividends and distributions (55,062) (45,050)
Net cash provided by financing activities 399,250 124,908
Net increase (decrease) in cash and cash equivalents 57,178 (15,522)
Cash and cash equivalents, beginning of period 31,611 37,077
Cash and cash equivalents, end of period $ 88,789 $ 21,555