Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Cash Flows

v3.20.2
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES          
Net income (loss) $ (32,934) $ (20,329) $ (70,778) $ 255,265  
Net (income) loss from discontinued operations (9,800) (2,150) (4,047) (10,378)  
Income (loss) from continuing operations (42,734) (22,479) (74,825) 244,887  
Adjustments to reconcile net income (loss) to net cash provided by Operating activities:          
Depreciation and amortization, including related intangible assets     59,445 61,961  
Depreciation and amortization on discontinued operations     2,897 33,863  
Amortization of directors deferred compensation stock units     139 157  
Amortization of stock compensation     4,969 4,071  
Amortization of deferred financing costs     2,084 2,357  
Amortization of debt discount and mark-to-market     (474) (474)  
Equity in (earnings) loss of unconsolidated joint ventures 946 88 1,654 769  
Distributions of cumulative earnings from unconsolidated joint ventures     3,018 3,367  
Gain on change of control of interests       (13,790)  
Realized (gains) losses and unrealized losses on disposition of rental property, net     7,915 (268,364)  
Gain on disposition of developable land   (270) (4,813) (270)  
Property impairments on discontinued operations     39,675 5,802  
Land impairments 16,846 2,499 22,109 2,499  
Gain on sale of investments in unconsolidated joint ventures       (903)  
(Gain)Loss from extinguishment of debt       (1,899)  
Changes in operating assets and liabilities:          
Decrease (increase) in unbilled rents receivable, net     515 (3,986)  
Increase in deferred charges, goodwill and other assets     (61) (11,293)  
Increase in accounts receivable, net     (5,255) (2,559)  
Increase (decrease) in accounts payable, accrued expenses and other liabilities     7,030 16,989  
Decrease in rents received in advance and security deposits     (2,311) (5,714)  
Decrease in accrued interest payable     (67) (472)  
Net cash provided by operating activities - continuing operations     21,072 27,333  
Net cash flows provided by operating activities - discontinuing operations     47,182 41,487  
Net cash provided by operating activities     68,254 68,820  
CASH FLOWS FROM INVESTING ACTIVITIES          
Rental property acquisitions and related intangibles     (16,159) (490,625)  
Rental property additions and improvements     (104,399) (50,455)  
Development of rental property and other related costs     (146,810) (89,089)  
Proceeds from the sales of rental property     16,455 636,161  
Proceeds from the sale of investments in unconsolidated joint ventures       4,039  
Repayment of notes receivable     208 46,305  
Investment in unconsolidated joint ventures     (1,553) (8,238)  
Distributions in excess of cumulative earnings from unconsolidated joint ventures     5,875 3,602  
Net cash used in investing activities - continuing operations     (246,383) 51,700  
Net cash provided by (used in) investing activities - discontinuing operations     52,203 (75,022)  
Net cash used in investing activities     (194,180) (23,322)  
CASH FLOW FROM FINANCING ACTIVITIES          
Borrowings from revolving credit facility     140,000 281,000  
Repayment of revolving credit facility     (140,000) (398,000)  
Repayment of senior unsecured notes       (250,000)  
Proceeds from mortgages and loans payable     181,358 321,508  
Repayment of mortgages, loans payable and other obligations     (281) (55,199)  
Acquisition of noncontrolling interests       (5,017)  
Issuance of redeemable noncontrolling interests, net       145,000  
Common unit redemptions     (2,141)    
Payment of financing costs     (656) (5,637)  
(Contributions) Distributions to noncontrolling interests     133 (407)  
Payment of dividends and distributions     (53,216) (49,770)  
Net cash provided by (used in) financing activities     125,197 (16,522)  
Net (decrease) increase in cash and cash equivalents     (729) 28,976  
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 40,439 [2] 78,530 [2] 40,439 [2] 78,530 [2] 41,168 [1]
Mack-Cali Realty LP [Member]          
CASH FLOWS FROM OPERATING ACTIVITIES          
Net income (loss) (32,934) (20,329) (70,778) 255,265  
Net (income) loss from discontinued operations (9,800) (2,150) (4,047) (10,378)  
Income (loss) from continuing operations (42,734) (22,479) (74,825) 244,887  
Adjustments to reconcile net income (loss) to net cash provided by Operating activities:          
Depreciation and amortization, including related intangible assets     59,445 61,961  
Depreciation and amortization on discontinued operations     2,897 33,863  
Amortization of directors deferred compensation stock units     139 157  
Amortization of stock compensation     4,969 4,071  
Amortization of deferred financing costs     2,084 2,357  
Amortization of debt discount and mark-to-market     (474) (474)  
Equity in (earnings) loss of unconsolidated joint ventures 946 88 1,654 769  
Distributions of cumulative earnings from unconsolidated joint ventures     3,018 3,367  
Gain on change of control of interests       (13,790)  
Realized (gains) losses and unrealized losses on disposition of rental property, net     7,915 (268,364)  
Realized (gains) losses and unrealized losses on disposition of rental property, net on discontinued operations      
Gain on disposition of developable land   (270) (4,813) (270)  
Property impairments on discontinued operations     39,675 5,802  
Land impairments 16,846 2,499 22,109 2,499  
Gain on sale of investments in unconsolidated joint ventures       (903)  
(Gain)Loss from extinguishment of debt       (1,899)  
Changes in operating assets and liabilities:          
Decrease (increase) in unbilled rents receivable, net     515 (3,986)  
Increase in deferred charges, goodwill and other assets     (61) (11,293)  
Increase in accounts receivable, net     (5,255) (2,559)  
Increase (decrease) in accounts payable, accrued expenses and other liabilities     7,030 16,989  
Decrease in rents received in advance and security deposits     (2,311) (5,714)  
Decrease in accrued interest payable     (67) (472)  
Net cash provided by operating activities - continuing operations     21,072 27,333  
Net cash flows provided by operating activities - discontinuing operations     47,182 41,487  
Net cash provided by operating activities     68,254 68,820  
CASH FLOWS FROM INVESTING ACTIVITIES          
Rental property acquisitions and related intangibles     (16,159) (490,625)  
Rental property additions and improvements     (104,399) (50,455)  
Development of rental property and other related costs     (146,810) (89,089)  
Proceeds from the sales of rental property     16,455 636,161  
Proceeds from the sale of investments in unconsolidated joint ventures       4,039  
Repayment of notes receivable     208 46,305  
Investment in unconsolidated joint ventures     (1,553) (8,238)  
Distributions in excess of cumulative earnings from unconsolidated joint ventures     5,875 3,602  
Net cash used in investing activities - continuing operations     (246,383) 51,700  
Net cash provided by (used in) investing activities - discontinuing operations     52,203 (75,022)  
Net cash used in investing activities     (194,180) (23,322)  
CASH FLOW FROM FINANCING ACTIVITIES          
Borrowings from revolving credit facility     140,000 281,000  
Repayment of revolving credit facility     (140,000) (398,000)  
Repayment of senior unsecured notes       (250,000)  
Proceeds from mortgages and loans payable     181,358 321,508  
Repayment of mortgages, loans payable and other obligations     (281) (55,199)  
Acquisition of noncontrolling interests       (5,017)  
Issuance of redeemable noncontrolling interests, net       145,000  
Common unit redemptions     (2,141)    
Payment of financing costs     (656) (5,637)  
(Contributions) Distributions to noncontrolling interests     133 (407)  
Payment of dividends and distributions     (53,216) (49,770)  
Net cash provided by (used in) financing activities     125,197 (16,522)  
Net (decrease) increase in cash and cash equivalents     (729) 28,976  
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 $ 40,439 [2] $ 78,530 [2] $ 40,439 [2] $ 78,530 [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 $14,144 and $17,892 as of June 30, 2020 and 2019, respectively.