Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Cash Flows

v3.19.3.a.u2
Consolidated Statements Of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 143,836,000 $ 106,401,000 $ 33,718,000
Net (income) loss from discontinued operations 108,718,000 (26,134,000) (22,878,000)
Income from continuing operations 252,554,000 80,267,000 10,840,000
Adjustments to reconcile net income (loss) to net cash provided by Operating activities:      
Depreciation and amortization, including related intangible assets 128,145,000 107,776,000 135,907,000
Depreciation and amortization on discontinued operations 72,532,000 62,508,000 62,767,000
Amortization of directors deferred compensation stock units 319,000 507,000 482,000
Amortization of stock compensation 8,161,000 6,894,000 7,447,000
Amortization of deferred financing costs 4,625,000 5,028,000 4,612,000
Amortization of debt discount and mark-to-market (949,000) (948,000) (287,000)
Equity in (earnings) loss of unconsolidated joint ventures 1,319,000 127,000 6,081,000
Distributions of cumulative earnings from unconsolidated joint ventures 6,923,000 9,182,000 8,186,000
Gain on change of control of interests (13,790,000) (14,217,000)  
Realized (gains) losses and unrealized losses on disposition of rental property, net (345,926,000) (99,436,000) (2,364,000)
Gain on disposition of developable land (522,000) (30,939,000)  
Land and other Impairments 32,444,000 24,566,000  
Gain on sale of investments in unconsolidated joint ventures (903,000)   (23,131,000)
(Gain)Loss from extinguishment of debt (1,648,000) 10,750,000 421,000
Changes in operating assets and liabilities:      
Increase in unbilled rents receivable, net (7,322,000) (7,614,000) (8,387,000)
Increase in deferred charges, goodwill and other assets (21,808,000) (26,319,000) (18,786,000)
Decrease in accounts receivable, net 2,204,000 791,000 2,970,000
Increase (decrease) in accounts payable, accrued expenses and other liabilities 2,013,000 12,868,000 (9,447,000)
Increase (decrease) in rents received in advance and security deposits 2,002,000 736,000 (4,202,000)
Increase (decrease) in accrued interest payable 1,068,000 (28,000) 869,000
Net cashflows provided by operating activites - continuing operations 48,909,000 79,991,000 111,211,000
Net cashflows provided by operating activites - discontinuing operations 82,933,000 87,082,000 84,930,000
Net cash provided by operating activities 131,842,000 167,073,000 196,141,000
CASH FLOWS FROM INVESTING ACTIVITIES      
Rental property acquisitions and related intangibles (956,040,000) (164,838,000) (235,361,000)
Rental property additions and improvements (97,504,000) (112,511,000) (90,422,000)
Development of rental property and other related costs (172,309,000) (184,764,000) (267,845,000)
Proceeds from the sales of rental property 825,613,000 338,015,000 312,596,000
Proceeds from the sale of investments in unconsolidated joint ventures 4,039,000   98,599,000
Investments in notes receivable     (47,049,000)
Repayment of notes receivable 46,597,000 12,102,000 74,945,000
Investment in unconsolidated joint ventures (9,011,000) (11,789,000) (36,060,000)
Distributions in excess of cumulative earnings from unconsolidated joint ventures 8,697,000 11,553,000 5,877,000
Proceeds from investment receivable     3,625,000
Net cash used in investing activities (349,918,000) (112,232,000) (181,095,000)
Net cash used in investing activites - discontinuing operations (66,157,000) (55,922,000) (383,635,000)
Net cash used in investing activities (416,075,000) (168,154,000) (564,730,000)
CASH FLOW FROM FINANCING ACTIVITIES      
Borrowings from revolving credit facility 829,000,000 461,000,000 730,000,000
Repayment of revolving credit facility (617,000,000) (494,000,000) (866,000,000)
Repayment of senior unsecured notes     (250,000,000)
Borrowings from unsecured term loan     325,000,000
Repayment of unsecured term loan (675,000,000)    
Proceeds from mortgages and loans payable 877,126,000 434,293,000 518,852,000
Repayment of mortgages, loans payable and other obligations (155,115,000) (418,495,000) (156,760,000)
Acquisition of noncontrolling interests (5,017,000)   (2,021,000)
Issuance of redeemable noncontrolling interests, net 145,000,000 105,000,000 139,002,000
Common unit redemptions (7,769,000)    
Payment of financing costs (12,339,000) (3,576,000) (9,230,000)
(Contributions) Distributions to noncontrolling interests (466,000) (7,542,000) (19,000)
Payment of dividends and distributions (102,575,000) (94,017,000) (77,826,000)
Net cash provided by financing activities 275,845,000 (17,337,000) 350,998,000
Net increase (decrease) in cash and cash equivalents (8,388,000) (18,418,000) (17,591,000)
Cash, cash equivalents and restricted cash, beginning of period [2] 49,554,000 [1] 67,972,000 [1] 85,563,000
Cash, cash equivalents and restricted cash, end of period [1] 41,166,000 49,554,000 [2] 67,972,000 [2]
Mack-Cali Realty LP [Member]      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income 143,836,000 106,401,000 33,718,000
Net (income) loss from discontinued operations 108,718,000 (26,134,000) (22,878,000)
Income from continuing operations 252,554,000 80,267,000  
Adjustments to reconcile net income (loss) to net cash provided by Operating activities:      
Depreciation and amortization, including related intangible assets 128,145,000 107,776,000  
Depreciation and amortization on discontinued operations 72,532,000 62,508,000  
Amortization of directors deferred compensation stock units 319,000 507,000  
Amortization of stock compensation 8,161,000 6,894,000  
Amortization of deferred financing costs 4,625,000 5,028,000  
Amortization of debt discount and mark-to-market (949,000) (948,000)  
Equity in (earnings) loss of unconsolidated joint ventures 1,319,000 127,000 6,081,000
Distributions of cumulative earnings from unconsolidated joint ventures 6,923,000 9,182,000  
Gain on change of control of interests (13,790,000) (14,217,000)  
Realized (gains) losses and unrealized losses on disposition of rental property, net (345,926,000) (99,436,000)  
Gain on disposition of developable land (522,000) (30,939,000)  
Land and other Impairments 32,444,000 24,566,000  
Gain on sale of investments in unconsolidated joint ventures (903,000)   (23,131,000)
(Gain)Loss from extinguishment of debt (1,648,000) 10,750,000  
Changes in operating assets and liabilities:      
Increase in unbilled rents receivable, net (7,322,000) (7,614,000)  
Increase in deferred charges, goodwill and other assets (21,808,000) (26,319,000)  
Decrease in accounts receivable, net 2,204,000 791,000  
Increase (decrease) in accounts payable, accrued expenses and other liabilities 2,013,000 12,868,000  
Increase (decrease) in rents received in advance and security deposits 2,002,000 736,000  
Increase (decrease) in accrued interest payable 1,068,000 (28,000)  
Net cashflows provided by operating activites - continuing operations 48,909,000 79,991,000  
Net cashflows provided by operating activites - discontinuing operations 82,933,000 87,082,000  
Net cash provided by operating activities 131,842,000 167,073,000  
CASH FLOWS FROM INVESTING ACTIVITIES      
Rental property acquisitions and related intangibles (956,040,000) (164,838,000)  
Rental property additions and improvements (97,504,000) (112,511,000)  
Development of rental property and other related costs (172,309,000) (184,764,000)  
Proceeds from the sales of rental property 825,613,000 338,015,000  
Proceeds from the sale of investments in unconsolidated joint ventures 4,039,000    
Repayment of notes receivable 46,597,000 12,102,000  
Investment in unconsolidated joint ventures (9,011,000) (11,789,000)  
Distributions in excess of cumulative earnings from unconsolidated joint ventures 8,697,000 11,553,000  
Net cash used in investing activities (349,918,000) (112,232,000)  
Net cash used in investing activites - discontinuing operations (66,157,000) (55,922,000)  
Net cash used in investing activities (416,075,000) (168,154,000)  
CASH FLOW FROM FINANCING ACTIVITIES      
Borrowings from revolving credit facility 829,000,000 461,000,000  
Repayment of revolving credit facility (617,000,000) (494,000,000)  
Repayment of unsecured term loan (675,000,000)    
Proceeds from mortgages and loans payable 877,126,000 434,293,000  
Repayment of mortgages, loans payable and other obligations (155,115,000) (418,495,000)  
Acquisition of noncontrolling interests (5,017,000)    
Issuance of redeemable noncontrolling interests, net 145,000,000 105,000,000  
Common unit redemptions (7,769,000)    
Payment of financing costs (12,339,000) (3,576,000)  
(Contributions) Distributions to noncontrolling interests (466,000) (7,542,000)  
Payment of dividends and distributions (102,575,000) (94,017,000)  
Net cash provided by financing activities 275,845,000 (17,337,000)  
Net increase (decrease) in cash and cash equivalents (8,388,000) (18,418,000)  
Cash, cash equivalents and restricted cash, beginning of period [2] 49,554,000 [1] 67,972,000  
Cash, cash equivalents and restricted cash, end of period $ 41,166,000 [1] $ 49,554,000 [1],[2] $ 67,972,000 [2]
[1] Includes Restricted Cash of $15,577, $19,921 and $39,792 as of December 31, 2019, 2018 and 2017, respectively, pursuant to the adoption of ASU 2016-15.
[2] Includes Restricted Cash of $19,921, $39,792 and $53,952 as of December 31, 2018, 2017 and 2016, respectively, pursuant to the adoption of ASU 2016-15.