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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 23,507 $ 45,641
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization, including amortization of debt issuance costs 25,554 27,401
Straight-lining of rental income 18,306 1,950
Write-off of tenant receivables 4,122 0
Stock-based compensation 600 394
Change in fair value of marketable securities 10,789 6,257
Dividends received in stock (214) 0
Changes in operating assets and liabilities:    
Tenant and other receivables (4,886) (1,549)
Other assets (33,731) 7,957
Amounts due to Vornado (697) 3,981
Accounts payable and accrued expenses 12,646 8,375
Other liabilities (475) (454)
Net cash provided by operating activities 55,521 99,953
CASH FLOWS FROM INVESTING ACTIVITIES    
Construction in progress and real estate additions (23,630) (6,566)
Net cash used in investing activities (23,630) (6,566)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends paid (69,118) (69,090)
Debt issuance costs (2,680) (15)
Proceeds from borrowing 145,708 0
Debt repayments (50,000) 0
Net cash provided by (used in) financing activities 23,910 (69,105)
Net increase in cash and cash equivalents and restricted cash 55,801 24,282
Cash and cash equivalents and restricted cash at beginning of period 313,977 289,495
Cash and cash equivalents and restricted cash at end of period 369,778 313,777
RECONCILIATION OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH    
Cash and cash equivalents at beginning of period 298,063 283,056
Restricted cash at beginning of period 15,914 6,439
Cash and cash equivalents and restricted cash at beginning of period 313,977 289,495
Cash and cash equivalents at end of period 355,712 304,229
Restricted cash at end of period 14,066 9,548
Cash and cash equivalents and restricted cash at end of period 369,778 313,777
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash payments for interest 17,959 26,898
NON-CASH TRANSACTIONS    
Liability for real estate additions, including $456 and $18 for development fees due to Vornado in 2020 and 2019, respectively 3,622 233
Write-off of fully depreciated assets 457 0
Lease liability arising from the recognition of right-of-use asset 0 5,428
Reclassification of prepaid real estate taxes to construction in progress for property in redevelopment $ 0 $ 1,466