XML 62 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
REVENUES:    
Minimum rents $ 169,277 $ 165,418
Percentage rents 3,606 4,716
Other rents 5,282 5,144
Tenant reimbursements 72,218 72,282
Management, development and leasing fees 3,135 3,075
Other 7,725 7,847
Total revenues 261,243 258,482
OPERATING EXPENSES:    
Property operating 40,011 39,133
Depreciation and amortization 69,083 69,056
Real estate taxes 21,347 22,416
Maintenance and repairs 16,165 14,190
General and administrative 14,773 13,424
Loss on impairment 17,150 0
Other 6,545 6,656
Total operating expenses 185,074 164,875
Income from operations 76,169 93,607
Interest and other income 1,528 727
Interest expense (60,506) (59,824)
Gain on extinguishment of debt 42,660 0
Gain on sales of real estate assets 1,154 543
Equity in earnings of unconsolidated affiliates 3,684 2,619
Income tax (provision) benefit (397) 174
Income from continuing operations 64,292 37,846
Operating income (loss) of discontinued operations (499) 1,258
Gain (loss) on discontinued operations (17) 781
Net income 63,776 39,885
Net income attributable to noncontrolling interests in:    
Operating Partnership (7,651) (3,491)
Other consolidated subsidiaries (831) (6,081)
Net income attributable to the Company 55,294 30,313
Preferred dividends (11,223) (11,223)
Net income attributable to common shareholders 44,071 19,090
Basic and diluted per share data attributable to common shareholders:    
Income from continuing operations, net of preferred dividends (in dollars per share) $ 0.26 $ 0.11
Discontinued operations (in dollars per share) $ 0.00 $ 0.01
Net income attributable to common shareholders (in dollars per share) $ 0.26 $ 0.12
Weighted-average common and potential dilutive common shares outstanding (in shares) 170,196 161,540
Amounts attributable to common shareholders:    
Income from continuing operations, net of preferred dividends 44,511 17,366
Discontinued operations (440) 1,724
Net income attributable to common shareholders 44,071 19,090
Dividends declared per common share (in dollars per share) $ 0.245 $ 0.23
CBL & Associates Limited Partnership [Member]
    
REVENUES:    
Minimum rents 169,277 165,418
Percentage rents 3,606 4,716
Other rents 5,282 5,144
Tenant reimbursements 72,218 72,282
Management, development and leasing fees 3,135 3,075
Other 7,725 7,847
Total revenues 261,243 258,482
OPERATING EXPENSES:    
Property operating 40,011 39,133
Depreciation and amortization 69,083 69,056
Real estate taxes 21,347 22,416
Maintenance and repairs 16,165 14,190
General and administrative 14,773 13,424
Loss on impairment 17,150 0
Other 6,545 6,656
Total operating expenses 185,074 164,875
Income from operations 76,169 93,607
Interest and other income 1,528 727
Interest expense (60,506) (59,824)
Gain on extinguishment of debt 42,660 0
Gain on sales of real estate assets 1,154 543
Equity in earnings of unconsolidated affiliates 3,684 2,619
Income tax (provision) benefit (397) 174
Income from continuing operations 64,292 37,846
Operating income (loss) of discontinued operations (499) 1,258
Gain (loss) on discontinued operations (17) 781
Net income 63,776 39,885
Net income attributable to noncontrolling interests in:    
Other consolidated subsidiaries (831) (6,081)
Net income attributable to the Company 62,945 33,804
Preferred dividends (11,223) (11,223)
Net income attributable to common shareholders 51,722 22,581
Basic and diluted per share data attributable to common shareholders:    
Income from continuing operations, net of preferred dividends (in dollars per share) $ 0.26 $ 0.11
Discontinued operations (in dollars per share) $ 0.00 $ 0.01
Net income attributable to common shareholders (in dollars per share) $ 0.26 $ 0.12
Weighted-average common and potential dilutive common shares outstanding (in shares) 199,741 191,085
Amounts attributable to common shareholders:    
Income from continuing operations, net of preferred dividends 52,162 20,857
Discontinued operations (440) 1,724
Net income attributable to common shareholders $ 51,722 $ 22,581
Dividends declared per common share (in dollars per share) $ 0.253 $ 0.239