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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 22,873 $ 62,626
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization, including amortization of debt issuance costs 29,323 27,049
Straight-lining of rental income 5,589 3,223
Stock-based compensation 394 394
Change in fair value of marketable securities (see Note 7) 5,561 0
Changes in operating assets and liabilities:    
Tenant and other receivables, net (938) (947)
Other assets 11,622 (14,209)
Amounts due to Vornado (2,075) (334)
Accounts payable and accrued expenses (5,835) (5,571)
Other liabilities 139 (21)
Net cash provided by operating activities 66,653 72,210
CASH FLOWS FROM INVESTING ACTIVITIES    
Construction in progress and real estate additions (2,514) (3,155)
Rego Park II loan participation payment 0 (200,000)
Principal repayment proceeds from Rego Park II loan participation 2,300 725
Net cash used in investing activities (214) (202,430)
CASH FLOWS FROM FINANCING ACTIVITIES    
Debt repayments (159,460) (302,754)
Proceeds from borrowing 78,246 500,000
Dividends paid (69,072) (65,218)
Debt issuance costs (185) (11,972)
Net cash (used in) provided by financing activities (150,471) 120,056
Net decrease in cash and cash equivalents and restricted cash (84,032) (10,164)
Cash and cash equivalents and restricted cash at beginning of period 393,279 374,678
Cash and cash equivalents and restricted cash at end of period 309,247 364,514
RECONCILIATION OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH    
Cash and cash equivalents at beginning of period 307,536 288,926
Restricted cash at beginning of period 85,743 85,752
Cash and cash equivalents and restricted cash at beginning of period 393,279 374,678
Cash and cash equivalents at end of period 303,710 280,010
Restricted cash at end of period 5,537 84,504
Cash and cash equivalents and restricted cash at end of period 309,247 364,514
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash payments for interest 27,728 19,358
NON-CASH TRANSACTIONS    
Write-off of fully amortized and/or depreciated assets 13,791 4,265
Liability for real estate additions, including $26 and $24 for development fees due to Vornado in 2018 and 2017, respectively $ 36 $ 124