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Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
REVENUES:        
Rental revenues $ 120,222,000 $ 185,393,000 $ 281,395,000 $ 376,373,000
Management, development and leasing fees 1,055,000 2,586,000 3,147,000 5,109,000
Other 2,934,000 5,398,000 7,243,000 9,925,000
Total revenues [1] 124,211,000 193,377,000 291,785,000 391,407,000
OPERATING EXPENSES:        
Property operating (16,906,000) (26,532,000) (42,615,000) (55,512,000)
Depreciation and amortization (52,663,000) (64,478,000) (108,565,000) (134,270,000)
Real estate taxes (17,837,000) (19,148,000) (36,285,000) (39,067,000)
Maintenance and repairs (6,042,000) (11,298,000) (17,250,000) (24,074,000)
General and administrative (18,727,000) (14,427,000) (36,563,000) (36,434,000)
Loss on impairment (13,274,000) (41,608,000) (146,918,000) (66,433,000)
Litigation settlement       (88,150,000)
Other (242,000) (34,000) (400,000) (34,000)
Total operating expenses (125,691,000) (177,525,000) (388,596,000) (443,974,000)
OTHER INCOME (EXPENSES):        
Interest and other income 891,000 356,000 3,288,000 845,000
Interest expense (52,631,000) (52,482,000) (99,623,000) (106,480,000)
Gain on extinguishment of debt       71,722,000
Gain on sales of real estate assets 2,623,000 5,527,000 2,763,000 5,755,000
Income tax provision (16,117,000) (813,000) (16,643,000) (952,000)
Equity in earnings (losses) of unconsolidated affiliates (6,079,000) 1,872,000 (5,061,000) 5,180,000
Total other expenses (71,313,000) (45,540,000) (115,276,000) (23,930,000)
Net income (72,793,000) (29,688,000) (212,087,000) (76,497,000)
Other consolidated subsidiaries/Net income attributable to noncontrolling interests 487,000 57,000 694,000 132,000
Net income (loss) attributable to the Company/Operating Partnership (70,229,000) (24,177,000) (192,902,000) (63,153,000)
Net income (loss) attributable to common shareholders/unitholders (81,452,000) (35,400,000) (215,348,000) (85,599,000)
Gain (loss) on sales of real estate assets 2,623,000 5,527,000 2,763,000 5,755,000
Net loss attributable to noncontrolling interests in:        
Operating Partnership 2,077,000 5,454,000 18,491,000 13,212,000
Other consolidated subsidiaries/Net income attributable to noncontrolling interests 487,000 57,000 694,000 132,000
Net income (loss) attributable to the Company/Operating Partnership (70,229,000) (24,177,000) (192,902,000) (63,153,000)
Preferred dividends declared   (11,223,000)   (22,446,000)
Preferred dividends undeclared (11,223,000)   (22,446,000)  
Net income (loss) attributable to common shareholders/unitholders $ (81,452,000) $ (35,400,000) $ (215,348,000) $ (85,599,000)
Basic and diluted per share data attributable to common shareholders:        
Net income attributable to common shareholders/unitholders $ (0.42) $ (0.20) $ (1.16) $ (0.49)
Weighted-average common and potential dilutive common shares/units outstanding 191,962 173,473 185,547 173,363
CBL & Associates Limited Partnership        
REVENUES:        
Rental revenues $ 120,222,000 $ 185,393,000 $ 281,395,000 $ 376,373,000
Management, development and leasing fees 1,055,000 2,586,000 3,147,000 5,109,000
Other 2,934,000 5,398,000 7,243,000 9,925,000
Total revenues 124,211,000 193,377,000 291,785,000 391,407,000
OPERATING EXPENSES:        
Property operating (16,906,000) (26,532,000) (42,615,000) (55,512,000)
Depreciation and amortization (52,663,000) (64,478,000) (108,565,000) (134,270,000)
Real estate taxes (17,837,000) (19,148,000) (36,285,000) (39,067,000)
Maintenance and repairs (6,042,000) (11,298,000) (17,250,000) (24,074,000)
General and administrative (18,727,000) (14,427,000) (36,563,000) (36,434,000)
Loss on impairment (13,274,000) (41,608,000) (146,918,000) (66,433,000)
Litigation settlement       (88,150,000)
Other (242,000) (34,000) (400,000) (34,000)
Total operating expenses (125,691,000) (177,525,000) (388,596,000) (443,974,000)
OTHER INCOME (EXPENSES):        
Interest and other income 891,000 356,000 3,288,000 845,000
Interest expense (52,631,000) (52,482,000) (99,623,000) (106,480,000)
Gain on extinguishment of debt       71,722,000
Gain on sales of real estate assets 2,623,000 5,527,000 2,763,000 5,755,000
Income tax provision (16,117,000) (813,000) (16,643,000) (952,000)
Equity in earnings (losses) of unconsolidated affiliates (6,079,000) 1,872,000 (5,061,000) 5,180,000
Total other expenses (71,313,000) (45,540,000) (115,276,000) (23,930,000)
Net income (72,793,000) (29,688,000) (212,087,000) (76,497,000)
Other consolidated subsidiaries/Net income attributable to noncontrolling interests 487,000 57,000 694,000 132,000
Net income (loss) attributable to the Company/Operating Partnership (72,306,000) (29,631,000) (211,393,000) (76,365,000)
Distributions to preferred unitholders declared   (11,223,000)   (22,446,000)
Distributions to preferred unitholders undeclared (11,223,000)   (22,446,000)  
Net income (loss) attributable to common shareholders/unitholders (83,529,000) (40,854,000) (233,839,000) (98,811,000)
Net loss attributable to noncontrolling interests in:        
Other consolidated subsidiaries/Net income attributable to noncontrolling interests 487,000 57,000 694,000 132,000
Net income (loss) attributable to the Company/Operating Partnership (72,306,000) (29,631,000) (211,393,000) (76,365,000)
Preferred dividends declared   (11,223,000)    
Net income (loss) attributable to common shareholders/unitholders $ (83,529,000) $ (40,854,000) $ (233,839,000) $ (98,811,000)
Basic and diluted per share data attributable to common shareholders:        
Net income attributable to common shareholders/unitholders $ (0.41) $ (0.20) $ (1.16) $ (0.49)
Weighted-average common and potential dilutive common shares/units outstanding 201,702 200,231 201,480 200,122
Guarantor Subsidiaries        
REVENUES:        
Rental revenues $ 46,849,000 $ 67,316,000 $ 110,680,000 $ 138,588,000
Other 1,134,000 1,552,000 2,730,000 3,271,000
Total revenues [2] 47,983,000 68,868,000 113,410,000 141,859,000
Rental revenues [3] 46,849,000 67,316,000 110,680,000 138,588,000
OPERATING EXPENSES:        
Property operating (7,033,000) (10,342,000) (17,806,000) (21,550,000)
Depreciation and amortization (21,437,000) (22,717,000) (43,301,000) (46,818,000)
Real estate taxes (6,379,000) (5,994,000) (12,981,000) (12,795,000)
Maintenance and repairs (2,345,000) (4,085,000) (6,966,000) (8,841,000)
Loss on impairment       (22,770,000)
Other   (627,000)   (627,000)
Total operating expenses (37,194,000) (43,765,000) (81,054,000) (113,401,000)
OTHER INCOME (EXPENSES):        
Interest and other income 952,000 1,084,000 1,992,000 2,027,000
Interest expense (4,334,000) (3,412,000) (8,106,000) (7,397,000)
Gain on extinguishment of debt       61,796,000
Net income 8,057,000 22,775,000 26,892,000 84,884,000
Gain (loss) on sales of real estate assets 650,000   650,000  
Total other income (expenses) $ (2,732,000) $ (2,328,000) $ (5,464,000) $ 56,426,000
[1] Management, development and leasing fees are included in the All Other category. See Note 3 for information on the Company's revenues disaggregated by revenue source for each of the above segments.
[2] Sales taxes are excluded from revenues.
[3] Revenues from leases that commenced subsequent to December 31, 2018 are accounted for in accordance with ASC 842, Leases , whereas all leases existing prior to that date are accounted for in accordance with ASC 840.