Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Cash Flows

v3.20.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ (37,844) $ 275,594  
Net (income) loss from discontinued operations 5,753 (8,228)  
Income (loss) from continuing operations (32,091) 267,366  
Adjustments to reconcile net income (loss) to net cash provided by Operating activities:      
Depreciation and amortization, including related intangible assets 32,904 30,792  
Depreciation and amortization on discontinued operations 1,445 16,502  
Amortization of directors deferred compensation stock units 82 130  
Amortization of stock compensation 2,530 1,880  
Amortization of deferred financing costs 1,024 1,189  
Amortization of debt discount and mark-to-market (237) (237)  
Equity in (earnings) loss of unconsolidated joint ventures 708 681  
Distributions of cumulative earnings from unconsolidated joint ventures 815 1,553  
Gain on change of control of interests   (13,790)  
Realized (gains) losses and unrealized losses on disposition of rental property, net 7,915 (268,109)  
Realized (gains) losses and unrealized losses on disposition of rental property, net on discontinued operations 27,746    
Gain on disposition of developable land (4,813)    
Land and other Impairments 5,263    
Gain on sale of investments in unconsolidated joint ventures   (903)  
(Gain)Loss from extinguishment of debt   (1,311)  
Changes in operating assets and liabilities:      
Increase in unbilled rents receivable, net (1,392) (1,445)  
Decrease (increase) in deferred charges, goodwill and other assets 291 (4,934)  
Increase in accounts receivable, net (1,673) (436)  
Increase (decrease) in accounts payable, accrued expenses and other liabilities 4,384 17,135  
Decrease in rents received in advance and security deposits (5,132) (7,892)  
Increase in accrued interest payable 5,473 5,301  
Net cashflows provided by operating activities - continuing operations 16,051 26,971  
Net cash flows provided by operating activities - discontinuing operations 27,612 19,066  
Net cash provided by operating activities 43,663 46,037  
CASH FLOWS FROM INVESTING ACTIVITIES      
Rental property acquisitions and related intangibles (16,019) (168,056)  
Rental property additions and improvements (62,992) (37,733)  
Development of rental property and other related costs (71,989) (38,528)  
Proceeds from the sales of rental property 6,939 330,369  
Proceeds from the sale of investments in unconsolidated joint ventures   4,039  
Repayment of notes receivable 83 125  
Investment in unconsolidated joint ventures (125) (2,443)  
Distributions in excess of cumulative earnings from unconsolidated joint ventures 4,396 1,566  
Net cash used in investing activities - continuing operations (139,707) 89,339  
Net cash used in investing activities - discontinuing operations 56,609 (60,451)  
Net cash (used in) provided by investing activities (83,098) 28,888  
CASH FLOW FROM FINANCING ACTIVITIES      
Borrowings from revolving credit facility 69,000 92,000  
Repayment of revolving credit facility (121,000) (204,000)  
Repayment of senior unsecured notes   (90,000)  
Proceeds from mortgages and loans payable 120,658 121,537  
Repayment of mortgages, loans payable and other obligations (140) (25,183)  
Acquisition of noncontrolling interests   (5,017)  
Issuance of redeemable noncontrolling interests, net   45,000  
Common unit redemptions (2,141)    
Payment of financing costs (656) (1,363)  
(Contributions) Distributions to noncontrolling interests 216 (99)  
Payment of dividends and distributions (26,543) (24,732)  
Net cash provided by (used in) financing activities 39,394 (91,857)  
Net decrease in cash and cash equivalents (41) (16,932)  
Cash, cash equivalents and restricted cash, beginning of period [1] 41,168 49,554 $ 49,554
Cash, cash equivalents and restricted cash, end of period 41,127 [2] 32,622 [2] 41,168 [1]
Mack-Cali Realty LP [Member]      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) (37,844) 275,594  
Net (income) loss from discontinued operations 5,753 (8,228)  
Income (loss) from continuing operations (32,091) 267,366  
Adjustments to reconcile net income (loss) to net cash provided by Operating activities:      
Depreciation and amortization, including related intangible assets 32,904 30,792  
Depreciation and amortization on discontinued operations 1,445 16,502  
Amortization of directors deferred compensation stock units 82 130  
Amortization of stock compensation 2,530 1,880  
Amortization of deferred financing costs 1,024 1,189  
Amortization of debt discount and mark-to-market (237) (237)  
Equity in (earnings) loss of unconsolidated joint ventures 708 681  
Distributions of cumulative earnings from unconsolidated joint ventures 815 1,553  
Gain on change of control of interests   (13,790)  
Realized (gains) losses and unrealized losses on disposition of rental property, net 7,915 (268,109)  
Realized (gains) losses and unrealized losses on disposition of rental property, net on discontinued operations 27,746    
Gain on disposition of developable land (4,813)    
Land and other Impairments 5,263    
Gain on sale of investments in unconsolidated joint ventures   (903)  
(Gain)Loss from extinguishment of debt   (1,311)  
Changes in operating assets and liabilities:      
Increase in unbilled rents receivable, net (1,392) (1,445)  
Decrease (increase) in deferred charges, goodwill and other assets 291 (4,934)  
Increase in accounts receivable, net (1,673) (436)  
Increase (decrease) in accounts payable, accrued expenses and other liabilities 4,384 17,135  
Decrease in rents received in advance and security deposits (5,132) (7,892)  
Increase in accrued interest payable 5,473 5,301  
Net cashflows provided by operating activities - continuing operations 16,051 26,971  
Net cash flows provided by operating activities - discontinuing operations 27,612 19,066  
Net cash provided by operating activities 43,663 46,037  
CASH FLOWS FROM INVESTING ACTIVITIES      
Rental property acquisitions and related intangibles (16,019) (168,056)  
Rental property additions and improvements (62,992) (37,733)  
Development of rental property and other related costs (71,989) (38,528)  
Proceeds from the sales of rental property 6,939 330,369  
Proceeds from the sale of investments in unconsolidated joint ventures   4,039  
Repayment of notes receivable 83 125  
Investment in unconsolidated joint ventures (125) (2,443)  
Distributions in excess of cumulative earnings from unconsolidated joint ventures 4,396 1,566  
Net cash used in investing activities - continuing operations (139,707) 89,339  
Net cash used in investing activities - discontinuing operations 56,609 (60,451)  
Net cash (used in) provided by investing activities (83,098) 28,888  
CASH FLOW FROM FINANCING ACTIVITIES      
Borrowings from revolving credit facility 69,000 92,000  
Repayment of revolving credit facility (121,000) (204,000)  
Repayment of senior unsecured notes   (90,000)  
Proceeds from mortgages and loans payable 120,658 121,537  
Repayment of mortgages, loans payable and other obligations (140) (25,183)  
Acquisition of noncontrolling interests   (5,017)  
Issuance of redeemable noncontrolling interests, net   45,000  
Common unit redemptions (2,141)    
Payment of financing costs (656) (1,363)  
(Contributions) Distributions to noncontrolling interests 216 (99)  
Payment of dividends and distributions (26,543) (24,732)  
Net cash provided by (used in) financing activities 39,394 (91,857)  
Net decrease in cash and cash equivalents (41) (16,932)  
Cash, cash equivalents and restricted cash, beginning of period [1] 41,168 49,554 49,554
Cash, cash equivalents and restricted cash, end of period $ 41,127 [2] $ 32,622 [2] $ 41,168 [1]
[1] Includes Restricted Cash of $15,577 and $19,921 as of December 31, 2019 and 2018, respectively.
[2] Includes Restricted Cash of $15,863 and $20,561 as of March 31, 2020 and 2019, respectively.