Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Cash Flows

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Consolidated Statements Of Cash Flows - USD ($)
 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 53,878,000 $ 28,307,000
Adjustments to reconcile net income (loss) to net cash provided by Operating activities:    
Depreciation and amortization, including related intangible assets 124,894,000 153,057,000
Amortization of directors deferred compensation stock units 378,000 358,000
Amortization of stock compensation 4,959,000 5,268,000
Amortization of deferred financing costs 3,543,000 3,462,000
Amortization of debt discount and mark-to-market (711,000) (86,000)
Write off of unamortized deferred finance costs related to early extinguishment 105,000 0
Equity in (earnings) loss of unconsolidated joint ventures (833,000) 4,882,000
Distributions of cumulative earnings from unconsolidated joint ventures 7,736,000 6,502,000
Gain on change of control of interests (14,217,000)  
Realized (gains) losses and unrealized losses on disposition of rental property, net (50,094,000) 2,112,000
Gain on sale of investments in unconsolidated joint ventures   (23,131,000)
Loss from extinguishment of debt 10,289,000 239,000
Changes in operating assets and liabilities:    
Increase in unbilled rents receivable, net (5,224,000) (11,270,000)
Increase in deferred charges, goodwill and other assets (19,933,000) (13,244,000)
(Increase) decrease in accounts receivable, net (442,000) 2,038,000
Increase (decrease) in accounts payable, accrued expenses and other liabilities 10,043,000 (3,715,000)
Decrease in rents received in advance and security deposits (2,972,000) (720,000)
Increase in accrued interest payable 4,858,000 8,553,000
Net cash provided by operating activities 126,257,000 162,612,000
CASH FLOWS FROM INVESTING ACTIVITIES    
Rental property acquisitions and related intangibles (163,885,000) (543,414,000)
Rental property additions and improvements (132,252,000) (67,797,000)
Development of rental property and other related costs (141,795,000) (201,513,000)
Proceeds from the sales of rental property 259,388,000 242,743,000
Proceeds from the sale of investments in unconsolidated joint ventures   95,339,000
Investments in notes receivable   (47,049,000)
Repayment of notes receivable 7,977,000 9,620,000
Investment in unconsolidated joint ventures (6,658,000) (19,279,000)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 9,707,000 4,699,000
Proceeds from investment receivable   3,625,000
Net cash used in investing activities (167,518,000) (523,026,000)
CASH FLOW FROM FINANCING ACTIVITIES    
Borrowings from revolving credit facility 428,000,000 428,000,000
Repayment of revolving credit facility (381,000,000) (714,000,000)
Borrowings from unsecured term loan   325,000,000
Proceeds from mortgages and loans payable 227,778,000 400,722,000
Repayment of mortgages, loans payable and other obligations (277,987,000) (108,468,000)
Acquisition of noncontrolling interests   (2,011,000)
Issuance of redeemable noncontrolling interests, net 85,000,000 139,002,000
Payment of financing costs (1,022,000) (9,051,000)
Distributions to noncontrolling interests (6,939,000) (19,000)
Payment of dividends and distributions (69,599,000) (55,062,000)
Net cash provided by financing activities 4,231,000 404,113,000
Net (decrease) increase in cash and cash equivalents (37,030,000) 43,699,000
Cash, cash equivalents and restricted cash, beginning of period [1] 67,972,000 85,563,000
Cash, cash equivalents and restricted cash, end of period [2] 30,942,000 129,262,000
Mack-Cali Realty LP [Member]    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income 53,878,000 28,307,000
Adjustments to reconcile net income (loss) to net cash provided by Operating activities:    
Depreciation and amortization, including related intangible assets 124,894,000 153,057,000
Amortization of directors deferred compensation stock units 378,000 358,000
Amortization of stock compensation 4,959,000 5,268,000
Amortization of deferred financing costs 3,543,000 3,462,000
Amortization of debt discount and mark-to-market (711,000) (86,000)
Write off of unamortized deferred finance costs related to early extinguishment 105,000  
Equity in (earnings) loss of unconsolidated joint ventures (833,000) 4,882,000
Distributions of cumulative earnings from unconsolidated joint ventures 7,736,000 6,502,000
Gain on change of control of interests (14,217,000)  
Realized (gains) losses and unrealized losses on disposition of rental property, net (50,094,000) 2,112,000
Gain on sale of investments in unconsolidated joint ventures   (23,131,000)
Loss from extinguishment of debt 10,289,000 239,000
Changes in operating assets and liabilities:    
Increase in unbilled rents receivable, net (5,224,000) (11,270,000)
Increase in deferred charges, goodwill and other assets (19,933,000) (13,244,000)
(Increase) decrease in accounts receivable, net (442,000) 2,038,000
Increase (decrease) in accounts payable, accrued expenses and other liabilities 10,043,000 (3,715,000)
Decrease in rents received in advance and security deposits (2,972,000) (720,000)
Increase in accrued interest payable 4,858,000 8,553,000
Net cash provided by operating activities 126,257,000 162,612,000
CASH FLOWS FROM INVESTING ACTIVITIES    
Rental property acquisitions and related intangibles (163,885,000) (543,414,000)
Rental property additions and improvements (132,252,000) (67,797,000)
Development of rental property and other related costs (141,795,000) (201,513,000)
Proceeds from the sales of rental property 259,388,000 242,743,000
Proceeds from the sale of investments in unconsolidated joint ventures   95,339,000
Investments in notes receivable   (47,049,000)
Repayment of notes receivable 7,977,000 9,620,000
Investment in unconsolidated joint ventures (6,658,000) (19,279,000)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 9,707,000 4,699,000
Proceeds from investment receivable   3,625,000
Net cash used in investing activities (167,518,000) (523,026,000)
CASH FLOW FROM FINANCING ACTIVITIES    
Borrowings from revolving credit facility 428,000,000 428,000,000
Repayment of revolving credit facility (381,000,000) (714,000,000)
Borrowings from unsecured term loan   325,000,000
Proceeds from mortgages and loans payable 227,778,000 400,722,000
Repayment of mortgages, loans payable and other obligations (277,987,000) (108,468,000)
Acquisition of noncontrolling interests   (2,011,000)
Issuance of redeemable noncontrolling interests, net 85,000,000 139,002,000
Payment of financing costs (1,022,000) (9,051,000)
Distributions to noncontrolling interests (6,939,000) (19,000)
Payment of dividends and distributions (69,599,000) (55,062,000)
Net cash provided by financing activities 4,231,000 404,113,000
Net (decrease) increase in cash and cash equivalents (37,030,000) 43,699,000
Cash, cash equivalents and restricted cash, beginning of period [1] 67,972,000 85,563,000
Cash, cash equivalents and restricted cash, end of period [3] $ 30,942,000 $ 129,262,000
[1] Includes Restricted Cash of $39,792 and $53,952 as of December 31, 2017 and 2016, respectively, pursuant to the adoption of ASU 2016-15.
[2] Includes Restricted Cash of $20,119 and $40,473 as of September 30, 2018 and 2017, respectively, pursuant to the adoption of ASU 2016-15.
[3] Includes Restricted Cash of $22,121 and $56,167 as of September 30, 2018 and 2017, respectively, pursuant to the adoption of ASU 2016-15.