XML 23 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
REVENUES:    
Minimum rents $ 150,361 $ 159,750
Percentage rents 2,043 2,389
Other rents 2,055 3,652
Tenant reimbursements 60,613 67,291
Management, development and leasing fees 2,721 3,452
Other 2,407 1,479
Total revenues 220,200 238,013
OPERATING EXPENSES:    
Property operating 32,826 34,914
Depreciation and amortization 71,750 71,220
Real estate taxes 21,848 22,083
Maintenance and repairs 13,179 13,352
General and administrative 18,304 16,082
Loss on impairment 18,061 3,263
Other 94 0
Total operating expenses 176,062 160,914
Income from operations 44,138 77,099
Interest and other income 213 1,404
Interest expense (53,767) (56,201)
Gain on extinguishment of debt 0 4,055
Income tax benefit 645 800
Equity in earnings of unconsolidated affiliates 3,739 5,373
Income (loss) from continuing operations before gain on sales of real estate assets (5,032) 32,530
Gain on sales of real estate assets 4,371 5,988
Net income (loss) (661) 38,518
Net (income) loss attributable to noncontrolling interests in:    
Operating Partnership 1,665 (3,690)
Other consolidated subsidiaries/Net (income) loss attributable to noncontrolling interests (101) (713)
Net income (loss) attributable to the Company/Operating Partnership 903 34,115
Preferred dividends/distributions to preferred unitholders (11,223) (11,223)
Net income (loss) attributable to common shareholders/unitholders $ (10,320) $ 22,892
Basic and diluted per share data attributable to common shareholders:    
Net income (loss) attributable to common shareholders/unitholders (in dollars per share) $ (0.06) $ 0.13
Weighted-average common and potential dilutive common shares/units outstanding (in shares) 171,943 170,989
Dividends declared per common share/unit (in dollars per share) $ 0.2 $ 0.265
CBL & Associates Limited Partnership    
REVENUES:    
Minimum rents $ 150,361 $ 159,750
Percentage rents 2,043 2,389
Other rents 2,055 3,652
Tenant reimbursements 60,613 67,291
Management, development and leasing fees 2,721 3,452
Other 2,407 1,479
Total revenues 220,200 238,013
OPERATING EXPENSES:    
Property operating 32,826 34,914
Depreciation and amortization 71,750 71,220
Real estate taxes 21,848 22,083
Maintenance and repairs 13,179 13,352
General and administrative 18,304 16,082
Loss on impairment 18,061 3,263
Other 94 0
Total operating expenses 176,062 160,914
Income from operations 44,138 77,099
Interest and other income 213 1,404
Interest expense (53,767) (56,201)
Gain on extinguishment of debt 0 4,055
Income tax benefit 645 800
Equity in earnings of unconsolidated affiliates 3,739 5,373
Income (loss) from continuing operations before gain on sales of real estate assets (5,032) 32,530
Gain on sales of real estate assets 4,371 5,988
Net income (loss) (661) 38,518
Net (income) loss attributable to noncontrolling interests in:    
Other consolidated subsidiaries/Net (income) loss attributable to noncontrolling interests (101) (713)
Net income (loss) attributable to the Company/Operating Partnership (762) 37,805
Preferred dividends/distributions to preferred unitholders (11,223) (11,223)
Net income (loss) attributable to common shareholders/unitholders $ (11,985) $ 26,582
Basic and diluted per share data attributable to common shareholders:    
Net income (loss) attributable to common shareholders/unitholders (in dollars per share) $ (0.06) $ 0.13
Weighted-average common and potential dilutive common shares/units outstanding (in shares) 199,694 199,281
Dividends declared per common share/unit (in dollars per share) $ 0.20885 $ 0.273