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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 45,641 $ 22,873
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization, including amortization of debt issuance costs 27,401 29,323
Straight-lining of rental income 1,950 5,589
Stock-based compensation 394 394
Change in fair value of marketable securities 6,257 5,561
Changes in operating assets and liabilities:    
Tenant and other receivables, net (1,549) (938)
Other assets 7,957 11,622
Amounts due to Vornado 3,981 (2,075)
Accounts payable and accrued expenses 8,375 (5,835)
Other liabilities (454) 139
Net cash provided by operating activities 99,953 66,653
CASH FLOWS FROM INVESTING ACTIVITIES    
Construction in progress and real estate additions (6,566) (2,514)
Repayment of Rego Park II loan participation 0 2,300
Net cash used in investing activities (6,566) (214)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends paid (69,090) (69,072)
Debt issuance costs (15) (185)
Debt repayments 0 (159,460)
Proceeds from borrowing 0 78,246
Net cash used in financing activities (69,105) (150,471)
Net increase (decrease) in cash and cash equivalents and restricted cash 24,282 (84,032)
Cash and cash equivalents and restricted cash at beginning of period 289,495 393,279
Cash and cash equivalents and restricted cash at end of period 313,777 309,247
RECONCILIATION OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH    
Cash and cash equivalents at beginning of period 283,056 307,536
Restricted cash at beginning of period 6,439 85,743
Cash and cash equivalents and restricted cash at beginning of period 289,495 393,279
Cash and cash equivalents at end of period 304,229 303,710
Restricted cash at end of period 9,548 5,537
Cash and cash equivalents and restricted cash at end of period 313,777 309,247
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash payments for interest 26,898 27,728
NON-CASH TRANSACTIONS    
Lease liability arising from the recognition of right-of-use asset 5,428 0
Reclassification of prepaid real estate taxes to construction in progress for property in redevelopment 1,466 0
Liability for real estate additions, including $18 and $26 for development fees due to Vornado in 2019 and 2018, respectively 233 36
Write-off of fully amortized and/or depreciated assets $ 0 $ 13,791