Mack-cali realty corporation (CLI)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
REVENUES
Revenue from leases

296,142

317,783

403,635

506,877

487,041

516,727

540,165

535,822

538,993

590,936

611,061

589,626

Construction services

-

-

-

-

-

-

15,650

13,557

12,058

62,997

21,910

40,680

Total revenues

350,935

365,714

459,030

613,398

594,883

636,799

667,031

650,632

652,235

773,743

758,925

772,780

EXPENSES
Real estate taxes

43,998

44,389

62,035

87,379

82,688

90,750

85,574

86,683

79,340

91,976

93,322

87,220

Utilities

17,881

23,799

29,493

49,624

55,965

72,822

63,622

58,267

66,506

72,461

70,927

83,634

Operating services

69,641

70,074

77,634

103,954

107,951

112,621

105,278

97,005

102,261

111,159

110,169

106,288

Direct construction costs

-

-

-

-

-

-

14,945

12,647

11,458

60,255

20,323

37,649

Real estate services expenses

15,918

17,919

23,394

26,260

25,583

26,136

22,716

3,746

1,065

-

-

-

Leasing personnel costs

2,261

-

-

-

-

-

-

-

-

-

-

-

General and administrative

57,535

53,865

50,475

51,979

49,147

71,051

47,040

47,664

35,137

34,876

39,779

43,861

Acquisition-related costs

-

-

-

2,880

1,560

2,118

642

-

-

-

-

-

Depreciation and amortization

132,016

112,244

142,319

186,684

170,402

172,490

182,766

174,333

175,171

187,592

200,732

192,957

Property impairments

-

-

-

-

-

-

-

-

-

-

-

0

Land and other Impairments

32,444

24,566

-

-

197,919

-

110,853

9,845

-

-

-

-

Total expenses

371,694

346,856

385,350

508,760

691,215

547,988

633,436

490,190

470,938

558,319

535,252

551,609

Operating income

-

-

-

-

-96,332

88,811

33,595

160,442

181,297

215,424

223,673

221,171

OTHER (EXPENSE) INCOME
Interest expense

90,569

77,346

84,523

94,889

103,051

112,878

123,701

122,039

123,858

148,363

140,068

126,937

Interest and other investment income (loss)

2,412

3,219

2,690

1,614

794

3,615

2,903

34

38

86

570

1,374

Equity in earnings (loss) of unconsolidated joint ventures

-1,319

-127

-6,081

18,788

-3,172

-2,423

-2,327

4,089

2,022

2,276

-5,560

-39,752

Gain on change of control of interests

13,790

14,217

-

15,347

-

-

-

-

-

-

-

-

Impairment charge on rental property

-

-

-

-

-

-

-

-

-

-

-16,563

0

Realized gains (losses) and unrealized losses on disposition of rental property, net

345,926

99,436

2,364

109,666

53,261

54,848

-

-

-

-5,074

-

0

Gain on disposition of developable land

522

30,939

-

-

-

-

-

-

-

-

-

-

Gain on sale of investment in unconsolidated joint venture

903

-

23,131

5,670

6,448

-

-

-

-

-

-

-

Gain from extinguishment of debt, net

1,648

-8,929

-421

-30,540

-

-582

-156

-4,960

-

-3,752

-

0

Total other income (expense)

273,313

61,409

-62,840

25,656

-45,720

-57,420

-123,281

-

-

-

-

-

Income (loss) from continuing operations

252,554

80,267

10,840

-

-

-

-89,686

37,566

59,499

65,671

80,308

65,390

Discontinued operations:
Income from discontinued operations

27,456

26,134

22,878

-

-

-

11,811

21,878

21,888

2,842

-17

-511

Loss from early extinguishment of debt

-

-

-

-

-

-

-703

-

-

-

-

-

Realized gains (losses) and unrealized losses on disposition of rental property and impairments, net

-136,174

-

-

-

-

-

59,520

-13,175

-

-

-

-

Total discontinued operations, net

-108,718

26,134

22,878

-

-

-

70,628

8,703

21,888

-2,232

-16,580

-511

Gain on reduction of other obligations

-

-

-

-

-

-

-

-

-

-

1,693

9,063

Gain on sale of investment in marketable securities

-

-

-

-

-

-

-

-

-

-

-

471

Total other (expense) income

-

-

-

-

-

-

-

-122,876

-121,798

-149,753

-143,365

-155,781

Net income (loss)

143,836

106,401

33,718

130,294

-142,052

31,391

-19,058

46,269

81,387

63,439

63,728

64,879

Noncontrolling interests in consolidated joint ventures

-3,904

-1,216

-1,018

-651

-1,044

-778

-2,199

-330

-402

-262

-943

-664

Noncontrolling interests in Operating Partnership

23,685

6,866

341

13,721

-15,256

3,602

-10,459

4,619

7,532

9,102

12,550

11,911

Noncontrolling interests in Operating Partnership in discontinued operations

-10,421

2,661

2,370

-

-

-

8,509

1,058

2,837

-301

-2,447

-94

Redeemable noncontrolling interests

22,615

13,979

8,840

-

-

-

-

-

-

-

-

-

Preferred stock dividends

-

-

-

-

-

-

-

-

1,736

2,000

2,000

2,000

Net income (loss) available to common shareholders

111,861

84,111

23,185

117,224

-125,752

28,567

-14,909

40,922

69,684

52,900

52,568

51,726

Basic earnings per common share:
Income (loss) from continuing operations

2.03

0.54

-0.17

-

-

-

-0.88

0.38

0.59

0.69

0.90

0.79

Discontinued operations

-1.08

0.26

0.23

-

-

-

0.71

0.09

0.22

-0.02

-0.19

0.00

Net income (loss) available to common unitholders

0.95

0.80

0.06

1.31

-1.41

0.32

-0.17

0.47

0.81

0.67

0.71

0.79

Diluted earnings per common share:
Income (loss) from continuing operations

2.03

0.54

-0.17

-

-

-

-0.88

0.38

0.59

0.69

0.90

0.79

Discontinued operations

-1.08

0.26

0.23

-

-

-

0.71

0.09

0.22

-0.02

-0.19

0.00

Net income (loss) available to common unitholders

0.95

0.80

0.06

1.30

-1.41

0.32

-0.17

0.47

0.81

0.67

0.71

0.79

Basic weighted average shares outstanding

90,557

90,388

90,005

89,746

89,291

88,727

87,762

87,742

86,047

79,224

74,318

65,489

Diluted weighted average shares outstanding

100,689

100,724

100,703

100,498

100,222

100,041

99,785

99,996

98,962

92,477

88,389

80,648

Mack-Cali Realty LP [Member]
Revenue from leases

296,142

317,783

403,635

-

-

-

-

-

-

-

-

-

Total revenues

350,935

365,714

459,030

613,398

-

-

-

-

-

-

-

-

Real estate taxes

43,998

44,389

62,035

87,379

-

-

-

-

-

-

-

-

Utilities

17,881

23,799

29,493

49,624

-

-

-

-

-

-

-

-

Operating services

69,641

70,074

77,634

103,954

-

-

-

-

-

-

-

-

Real estate services expenses

15,918

17,919

23,394

26,260

-

-

-

-

-

-

-

-

Leasing personnel costs

2,261

-

-

-

-

-

-

-

-

-

-

-

General and administrative

57,535

53,865

50,475

51,979

-

-

-

-

-

-

-

-

Acquisition-related costs

-

-

-

2,880

-

-

-

-

-

-

-

-

Depreciation and amortization

132,016

112,244

142,319

186,684

-

-

-

-

-

-

-

-

Land and other Impairments

32,444

24,566

-

-

-

-

-

-

-

-

-

-

Total expenses

371,694

346,856

385,350

508,760

-

-

-

-

-

-

-

-

Interest expense

90,569

77,346

84,523

94,889

-

-

-

-

-

-

-

-

Interest and other investment income (loss)

2,412

3,219

2,690

1,614

-

-

-

-

-

-

-

-

Equity in earnings (loss) of unconsolidated joint ventures

-1,319

-127

-6,081

18,788

-

-

-

-

-

-

-

-

Gain on change of control of interests

13,790

14,217

-

15,347

-

-

-

-

-

-

-

-

Realized gains (losses) and unrealized losses on disposition of rental property, net

345,926

99,436

2,364

109,666

-

-

-

-

-

-

-

-

Gain on disposition of developable land

522

30,939

-

-

-

-

-

-

-

-

-

-

Gain on sale of investment in unconsolidated joint venture

903

-

23,131

5,670

-

-

-

-

-

-

-

-

Gain from extinguishment of debt, net

1,648

-8,929

-421

-30,540

-

-

-

-

-

-

-

-

Total other income (expense)

273,313

61,409

-62,840

25,656

-

-

-

-

-

-

-

-

Income (loss) from continuing operations

252,554

80,267

-

-

-

-

-

-

-

-

-

-

Income from discontinued operations

27,456

26,134

22,878

-

-

-

-

-

-

-

-

-

Realized gains (losses) and unrealized losses on disposition of rental property and impairments, net

-136,174

-

-

-

-

-

-

-

-

-

-

-

Total discontinued operations, net

-108,718

26,134

22,878

-

-

-

-

-

-

-

-

-

Net income (loss)

143,836

106,401

33,718

130,294

-

-

-

-

-

-

-

-

Noncontrolling interests in consolidated joint ventures

-3,904

-1,216

-1,018

-651

-

-

-

-

-

-

-

-

Redeemable noncontrolling interests

22,615

13,979

8,840

-

-

-

-

-

-

-

-

-

Net income (loss) available to common shareholders

125,125

93,638

25,896

130,945

-

-

-

-

-

-

-

-

Income (loss) from continuing operations

2.03

0.54

-0.17

-

-

-

-

-

-

-

-

-

Discontinued operations

-1.08

0.26

0.23

-

-

-

-

-

-

-

-

-

Net income (loss) available to common unitholders

0.95

0.80

0.06

1.31

-

-

-

-

-

-

-

-

Income (loss) from continuing operations

2.03

0.54

-0.17

-

-

-

-

-

-

-

-

-

Discontinued operations

-1.08

0.26

0.23

-

-

-

-

-

-

-

-

-

Net income (loss) available to common unitholders

0.95

0.80

0.06

1.30

-

-

-

-

-

-

-

-

Basic weighted average units outstanding

100,520

100,634

100,410

100,245

-

-

-

-

-

-

-

-

Diluted weighted average units outstanding

100,689

100,724

100,703

100,498

-

-

-

-

-

-

-

-

Escalations And Recoveries From Tenants [Member]
Total revenues

-

-

-

60,505

62,481

78,554

72,758

74,535

83,782

99,672

103,057

108,812

Real Estate Services [Member]
Total revenues

13,873

17,094

23,125

26,589

29,620

28,638

26,935

8,606

5,056

7,874

9,359

13,487

Parking Income [Member]
Total revenues

21,857

21,907

20,050

13,630

11,124

9,107

6,840

6,021

6,036

-

-

-

Hotel Income [Member]
Total revenues

9,841

-

-

-

-

-

-

-

-

-

-

-

Other Income [Member]
Total revenues

9,222

8,930

12,220

5,797

4,617

3,773

4,683

12,091

6,310

12,264

13,538

20,175