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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
REVENUES:        
Minimum rents $ 142,248 $ 150,836 $ 441,097 $ 468,195
Percentage rents 2,429 3,000 6,610 7,127
Other rents 2,347 3,790 6,898 11,171
Tenant reimbursements 55,374 63,055 172,601 192,577
Management, development and leasing fees 2,658 2,718 8,022 8,747
Other 1,822 1,251 6,448 4,079
Total revenues 206,878 224,650 641,676 691,896
OPERATING EXPENSES:        
Property operating 30,004 31,295 92,357 96,250
Depreciation and amortization 71,945 71,732 217,261 225,461
Real estate taxes 19,433 21,573 61,737 62,343
Maintenance and repairs 11,475 11,254 36,713 36,322
General and administrative 16,051 13,568 47,845 45,402
Loss on impairment 14,600 24,935 84,644 71,401
Other 38 132 377 5,151
Total operating expenses 163,546 174,489 540,934 542,330
Income from operations 43,332 50,161 100,742 149,566
Interest and other income (loss) 283 (200) 714 1,235
Interest expense (55,194) (53,913) (163,164) (165,179)
Gain on extinguishment of debt 0 6,452 0 30,927
Gain (loss) on investments 0 (354) 387 (6,197)
Income tax benefit (provision) (1,034) 1,064 1,846 4,784
Equity in earnings of unconsolidated affiliates 1,762 4,706 9,869 16,404
Income (loss) from continuing operations before gain on sales of real estate assets (10,851) 7,916 (49,606) 31,540
Gain on sales of real estate assets 7,880 1,383 15,998 86,904
Net income (loss) (2,971) 9,299 (33,608) 118,444
Net (income) loss attributable to noncontrolling interests in:        
Operating Partnership 1,628 81 8,978 (8,702)
Other consolidated subsidiaries/Net (income) loss attributable to noncontrolling interests (24) (415) 369 (25,266)
Net income (loss) attributable to the Company/Operating Partnership (1,367) 8,965 (24,261) 84,476
Preferred dividends/distributions to preferred unitholders (11,223) (11,223) (33,669) (33,669)
Net income (loss) attributable to common shareholders/unitholders $ (12,590) $ (2,258) $ (57,930) $ 50,807
Basic and diluted per share data attributable to common shareholders:        
Net income (loss) attributable to common shareholders/unitholders (USD per share) $ (0.07) $ (0.01) $ (0.34) $ 0.30
Weighted-average common and potential dilutive common shares/units outstanding (shares) 172,665 171,096 172,426 171,060
Dividends declared per common share/unit (USD per share) $ 0.2 $ 0.265 $ 0.6 $ 0.795
CBL & Associates Limited Partnership        
REVENUES:        
Minimum rents $ 142,248 $ 150,836 $ 441,097 $ 468,195
Percentage rents 2,429 3,000 6,610 7,127
Other rents 2,347 3,790 6,898 11,171
Tenant reimbursements 55,374 63,055 172,601 192,577
Management, development and leasing fees 2,658 2,718 8,022 8,747
Other 1,822 1,251 6,448 4,079
Total revenues 206,878 224,650 641,676 691,896
OPERATING EXPENSES:        
Property operating 30,004 31,295 92,357 96,250
Depreciation and amortization 71,945 71,732 217,261 225,461
Real estate taxes 19,433 21,573 61,737 62,343
Maintenance and repairs 11,475 11,254 36,713 36,322
General and administrative 16,051 13,568 47,845 45,402
Loss on impairment 14,600 24,935 84,644 71,401
Other 38 132 377 5,151
Total operating expenses 163,546 174,489 540,934 542,330
Income from operations 43,332 50,161 100,742 149,566
Interest and other income (loss) 283 (200) 714 1,235
Interest expense (55,194) (53,913) (163,164) (165,179)
Gain on extinguishment of debt 0 6,452 0 30,927
Gain (loss) on investments 0 (354) 387 (6,197)
Income tax benefit (provision) (1,034) 1,064 1,846 4,784
Equity in earnings of unconsolidated affiliates 1,762 4,706 9,869 16,404
Income (loss) from continuing operations before gain on sales of real estate assets (10,851) 7,916 (49,606) 31,540
Gain on sales of real estate assets 7,880 1,383 15,998 86,904
Net income (loss) (2,971) 9,299 (33,608) 118,444
Net (income) loss attributable to noncontrolling interests in:        
Other consolidated subsidiaries/Net (income) loss attributable to noncontrolling interests (24) (415) 369 (25,266)
Net income (loss) attributable to the Company/Operating Partnership (2,995) 8,884 (33,239) 93,178
Preferred dividends/distributions to preferred unitholders (11,223) (11,223) (33,669) (33,669)
Net income (loss) attributable to common shareholders/unitholders $ (14,218) $ (2,339) $ (66,908) $ 59,509
Basic and diluted per share data attributable to common shareholders:        
Net income (loss) attributable to common shareholders/unitholders (USD per share) $ (0.07) $ (0.01) $ (0.34) $ 0.30
Weighted-average common and potential dilutive common shares/units outstanding (shares) 199,432 199,321 199,630 199,325
Dividends declared per common share/unit (USD per share) $ 0.209 $ 0.273 $ 0.627 $ 0.819