Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands |
3 Months Ended |
9 Months Ended |
12 Months Ended |
Sep. 30, 2020 |
Sep. 30, 2019 |
Sep. 30, 2020 |
Sep. 30, 2019 |
Dec. 31, 2019 |
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
|
|
|
|
|
|
|
|
|
| Net income (loss) |
|
$ (41,118)
|
|
$ (56,021)
|
|
$ (111,896)
|
|
$ 199,244
|
|
|
|
| Net (income) loss from discontinued operations |
|
(35,266)
|
|
1,557
|
|
(39,313)
|
|
(8,821)
|
|
|
|
| Income (loss) from continuing operations |
|
(76,384)
|
|
(54,464)
|
|
(151,209)
|
|
190,423
|
|
|
|
| Adjustments to reconcile net income (loss) to net cash provided by Operating activities: |
|
|
|
|
|
|
|
|
|
|
|
| Depreciation and amortization, including related intangible assets |
|
|
|
|
|
90,198
|
|
93,385
|
|
|
|
| Depreciation and amortization on discontinued operations |
|
|
|
|
|
4,223
|
|
50,775
|
|
|
|
| Amortization of directors deferred compensation stock units |
|
|
|
|
|
215
|
|
238
|
|
|
|
| Amortization of stock compensation |
|
|
|
|
|
5,692
|
|
6,051
|
|
|
|
| Amortization of deferred financing costs |
|
|
|
|
|
3,158
|
|
3,478
|
|
|
|
| Amortization of debt discount and mark-to-market |
|
|
|
|
|
(711)
|
|
(711)
|
|
|
|
| Equity in (earnings) loss of unconsolidated joint ventures |
|
(1,373)
|
|
113
|
|
281
|
|
882
|
|
|
|
| Distributions of cumulative earnings from unconsolidated joint ventures |
|
|
|
|
|
4,734
|
|
5,520
|
|
|
|
| Gain on change of control of interests |
|
|
|
|
|
|
|
(13,790)
|
|
|
|
| Realized (gains) losses and unrealized losses on disposition of rental property, net |
|
|
|
|
|
7,915
|
|
(233,698)
|
|
|
|
| Realized (gains) losses and unrealized losses on disposition of discontinued operations, net |
|
|
|
|
|
23,900
|
|
413
|
|
|
|
| Gain on disposition of developable land |
|
|
|
(296)
|
|
(4,813)
|
|
(566)
|
|
|
|
| Property impairments on continuing operations |
|
36,582
|
|
|
|
36,582
|
|
|
|
|
|
| Property impairments on discontinued operations |
|
|
|
|
|
|
|
11,696
|
|
|
|
| Land and other impairments |
|
|
|
|
|
23,401
|
|
8,844
|
|
|
|
| Gain on sale of investments in unconsolidated joint ventures |
|
|
|
|
|
|
|
(903)
|
|
|
|
| (Gain)Loss from extinguishment of debt |
|
|
|
|
|
|
|
(1,801)
|
|
|
|
| Changes in operating assets and liabilities: |
|
|
|
|
|
|
|
|
|
|
|
| Decrease (increase) in unbilled rents receivable, net |
|
|
|
|
|
750
|
|
(5,597)
|
|
|
|
| Increase in deferred charges, goodwill and other assets |
|
|
|
|
|
(4,309)
|
|
(13,469)
|
|
|
|
| Increase in accounts receivable, net |
|
|
|
|
|
(5,732)
|
|
(567)
|
|
|
|
| Increase (decrease) in accounts payable, accrued expenses and other liabilities |
|
|
|
|
|
(2,784)
|
|
20,165
|
|
|
|
| Decrease in rents received in advance and security deposits |
|
|
|
|
|
(1,441)
|
|
(23)
|
|
|
|
| Increase in accrued interest payable |
|
|
|
|
|
5,471
|
|
6,445
|
|
|
|
| Net cash flows provided by operating activities - continuing operations |
|
|
|
|
|
7,398
|
|
60,550
|
|
|
|
| Net cash flows provided by operating activities - discontinuing operations |
|
|
|
|
|
69,190
|
|
60,357
|
|
|
|
| Net cash provided by operating activities |
|
|
|
|
|
76,588
|
|
120,907
|
|
|
|
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
|
|
|
|
|
|
|
|
|
| Rental property acquisitions and related intangibles |
|
|
|
|
|
(16,214)
|
|
(901,108)
|
|
|
|
| Rental property additions and improvements |
|
|
|
|
|
(123,785)
|
|
(79,842)
|
|
|
|
| Development of rental property and other related costs |
|
|
|
|
|
(227,509)
|
|
(155,251)
|
|
|
|
| Proceeds from the sales of rental property |
|
|
|
|
|
16,455
|
|
637,982
|
|
|
|
| Proceeds from the sale of investments in unconsolidated joint ventures |
|
|
|
|
|
|
|
4,039
|
|
|
|
| Repayment of notes receivable |
|
|
|
|
|
333
|
|
46,430
|
|
|
|
| Investment in unconsolidated joint ventures |
|
|
|
|
|
(1,664)
|
|
(8,859)
|
|
|
|
| Distributions in excess of cumulative earnings from unconsolidated joint ventures |
|
|
|
|
|
11,960
|
|
4,977
|
|
|
|
| Net cash used in investing activities - continuing operations |
|
|
|
|
|
(340,424)
|
|
(451,632)
|
|
|
|
| Net cash provided by (used in) investing activities - discontinuing operations |
|
|
|
|
|
257,462
|
|
(84,449)
|
|
|
|
| Net cash used in investing activities |
|
|
|
|
|
(82,962)
|
|
(536,081)
|
|
|
|
| CASH FLOW FROM FINANCING ACTIVITIES |
|
|
|
|
|
|
|
|
|
|
|
| Borrowings from revolving credit facility |
|
|
|
|
|
191,000
|
|
489,000
|
|
|
|
| Repayment of revolving credit facility |
|
|
|
|
|
(364,000)
|
|
(398,000)
|
|
|
|
| Repayment of senior unsecured notes |
|
|
|
|
|
|
|
(395,000)
|
|
|
|
| Proceeds from mortgages and loans payable |
|
|
|
|
|
258,483
|
|
764,583
|
|
|
|
| Repayment of mortgages, loans payable and other obligations |
|
|
|
|
|
(298)
|
|
(97,215)
|
|
|
|
| Acquisition of noncontrolling interests |
|
|
|
|
|
|
|
(5,017)
|
|
|
|
| Issuance of redeemable noncontrolling interests, net |
|
|
|
|
|
|
|
145,000
|
|
|
|
| Common unit redemptions |
|
|
|
|
|
(2,170)
|
|
|
|
|
|
| Payment of financing costs |
|
|
|
|
|
(668)
|
|
(7,003)
|
|
|
|
| (Contributions) Distributions to noncontrolling interests |
|
|
|
|
|
133
|
|
(407)
|
|
|
|
| Payment of dividends and distributions |
|
|
|
|
|
(79,895)
|
|
(75,918)
|
|
|
|
| Net cash provided by financing activities |
|
|
|
|
|
2,585
|
|
420,023
|
|
|
|
| Net (decrease) increase in cash and cash equivalents |
|
|
|
|
|
(3,789)
|
|
4,849
|
|
|
|
| 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 |
|
37,379
|
[2] |
54,403
|
[2] |
37,379
|
[2] |
54,403
|
[2] |
41,168
|
[1] |
| Mack-Cali Realty LP [Member] |
|
|
|
|
|
|
|
|
|
|
|
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
|
|
|
|
|
|
|
|
|
| Net income (loss) |
|
(41,118)
|
|
(56,021)
|
|
(111,896)
|
|
199,244
|
|
|
|
| Net (income) loss from discontinued operations |
|
(35,266)
|
|
1,557
|
|
(39,313)
|
|
(8,821)
|
|
|
|
| Income (loss) from continuing operations |
|
(76,384)
|
|
(54,464)
|
|
(151,209)
|
|
190,423
|
|
|
|
| Adjustments to reconcile net income (loss) to net cash provided by Operating activities: |
|
|
|
|
|
|
|
|
|
|
|
| Depreciation and amortization, including related intangible assets |
|
|
|
|
|
90,198
|
|
93,385
|
|
|
|
| Depreciation and amortization on discontinued operations |
|
|
|
|
|
4,223
|
|
50,775
|
|
|
|
| Amortization of directors deferred compensation stock units |
|
|
|
|
|
215
|
|
238
|
|
|
|
| Amortization of stock compensation |
|
|
|
|
|
5,692
|
|
6,051
|
|
|
|
| Amortization of deferred financing costs |
|
|
|
|
|
3,158
|
|
3,478
|
|
|
|
| Amortization of debt discount and mark-to-market |
|
|
|
|
|
(711)
|
|
(711)
|
|
|
|
| Equity in (earnings) loss of unconsolidated joint ventures |
|
(1,373)
|
|
113
|
|
281
|
|
882
|
|
|
|
| Distributions of cumulative earnings from unconsolidated joint ventures |
|
|
|
|
|
4,734
|
|
5,520
|
|
|
|
| Gain on change of control of interests |
|
|
|
|
|
|
|
(13,790)
|
|
|
|
| Realized (gains) losses and unrealized losses on disposition of rental property, net |
|
|
|
|
|
7,915
|
|
(233,698)
|
|
|
|
| Realized (gains) losses and unrealized losses on disposition of discontinued operations, net |
|
|
|
|
|
23,900
|
|
413
|
|
|
|
| Gain on disposition of developable land |
|
|
|
(296)
|
|
(4,813)
|
|
(566)
|
|
|
|
| Property impairments on continuing operations |
|
36,582
|
|
|
|
36,582
|
|
|
|
|
|
| Property impairments on discontinued operations |
|
|
|
|
|
|
|
11,696
|
|
|
|
| Land and other impairments |
|
|
|
|
|
23,401
|
|
8,844
|
|
|
|
| Gain on sale of investments in unconsolidated joint ventures |
|
|
|
|
|
|
|
(903)
|
|
|
|
| (Gain)Loss from extinguishment of debt |
|
|
|
|
|
|
|
(1,801)
|
|
|
|
| Changes in operating assets and liabilities: |
|
|
|
|
|
|
|
|
|
|
|
| Decrease (increase) in unbilled rents receivable, net |
|
|
|
|
|
750
|
|
(5,597)
|
|
|
|
| Increase in deferred charges, goodwill and other assets |
|
|
|
|
|
(4,309)
|
|
(13,469)
|
|
|
|
| Increase in accounts receivable, net |
|
|
|
|
|
(5,732)
|
|
(567)
|
|
|
|
| Increase (decrease) in accounts payable, accrued expenses and other liabilities |
|
|
|
|
|
(2,784)
|
|
20,165
|
|
|
|
| Decrease in rents received in advance and security deposits |
|
|
|
|
|
(1,441)
|
|
(23)
|
|
|
|
| Increase in accrued interest payable |
|
|
|
|
|
5,471
|
|
6,445
|
|
|
|
| Net cash flows provided by operating activities - continuing operations |
|
|
|
|
|
7,398
|
|
60,550
|
|
|
|
| Net cash flows provided by operating activities - discontinuing operations |
|
|
|
|
|
69,190
|
|
60,357
|
|
|
|
| Net cash provided by operating activities |
|
|
|
|
|
76,588
|
|
120,907
|
|
|
|
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
|
|
|
|
|
|
|
|
|
| Rental property acquisitions and related intangibles |
|
|
|
|
|
(16,214)
|
|
(901,108)
|
|
|
|
| Rental property additions and improvements |
|
|
|
|
|
(123,785)
|
|
(79,842)
|
|
|
|
| Development of rental property and other related costs |
|
|
|
|
|
(227,509)
|
|
(155,251)
|
|
|
|
| Proceeds from the sales of rental property |
|
|
|
|
|
16,455
|
|
637,982
|
|
|
|
| Proceeds from the sale of investments in unconsolidated joint ventures |
|
|
|
|
|
|
|
4,039
|
|
|
|
| Repayment of notes receivable |
|
|
|
|
|
333
|
|
46,430
|
|
|
|
| Investment in unconsolidated joint ventures |
|
|
|
|
|
(1,664)
|
|
(8,859)
|
|
|
|
| Distributions in excess of cumulative earnings from unconsolidated joint ventures |
|
|
|
|
|
11,960
|
|
4,977
|
|
|
|
| Net cash used in investing activities - continuing operations |
|
|
|
|
|
(340,424)
|
|
(451,632)
|
|
|
|
| Net cash provided by (used in) investing activities - discontinuing operations |
|
|
|
|
|
257,462
|
|
(84,449)
|
|
|
|
| Net cash used in investing activities |
|
|
|
|
|
(82,962)
|
|
(536,081)
|
|
|
|
| CASH FLOW FROM FINANCING ACTIVITIES |
|
|
|
|
|
|
|
|
|
|
|
| Borrowings from revolving credit facility |
|
|
|
|
|
191,000
|
|
489,000
|
|
|
|
| Repayment of revolving credit facility |
|
|
|
|
|
(364,000)
|
|
(398,000)
|
|
|
|
| Repayment of senior unsecured notes |
|
|
|
|
|
|
|
(395,000)
|
|
|
|
| Proceeds from mortgages and loans payable |
|
|
|
|
|
258,483
|
|
764,583
|
|
|
|
| Repayment of mortgages, loans payable and other obligations |
|
|
|
|
|
(298)
|
|
(97,215)
|
|
|
|
| Acquisition of noncontrolling interests |
|
|
|
|
|
|
|
(5,017)
|
|
|
|
| Issuance of redeemable noncontrolling interests, net |
|
|
|
|
|
|
|
145,000
|
|
|
|
| Common unit redemptions |
|
|
|
|
|
(2,170)
|
|
|
|
|
|
| Payment of financing costs |
|
|
|
|
|
(668)
|
|
(7,003)
|
|
|
|
| (Contributions) Distributions to noncontrolling interests |
|
|
|
|
|
133
|
|
(407)
|
|
|
|
| Payment of dividends and distributions |
|
|
|
|
|
(79,895)
|
|
(75,918)
|
|
|
|
| Net cash provided by financing activities |
|
|
|
|
|
2,585
|
|
420,023
|
|
|
|
| Net (decrease) increase in cash and cash equivalents |
|
|
|
|
|
(3,789)
|
|
4,849
|
|
|
|
| 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 |
|
$ 37,379
|
[2] |
$ 54,403
|
[2] |
$ 37,379
|
[2] |
$ 54,403
|
[2] |
$ 41,168
|
[1] |
|
|