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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
REVENUES:        
Rental revenues $ 124,081 $ 180,616 $ 405,476 $ 556,989
Management, development and leasing fees 2,104 2,216 5,251 7,325
Other 3,712 4,419 10,955 14,344
Total revenues [1] 129,897 187,251 421,682 578,658
OPERATING EXPENSES:        
Property operating (20,396) (27,344) (63,011) (82,856)
Depreciation and amortization (53,477) (64,168) (162,042) (198,438)
Real estate taxes (17,215) (18,699) (53,500) (57,766)
Maintenance and repairs (8,425) (10,253) (25,675) (34,327)
General and administrative (25,497) (12,467) (62,060) (48,901)
Loss on impairment (46) (135,688) (146,964) (202,121)
Litigation settlement 2,480 22,688 2,480 (65,462)
Other   (7) (400) (41)
Total operating expenses (122,576) (245,938) (511,172) (689,912)
OTHER INCOME (EXPENSES):        
Interest and other income 1,975 1,367 5,263 2,212
Interest expense (61,137) (50,515) (160,760) (156,995)
Gain on extinguishment of debt 15,407   15,407 71,722
Gain on investments/deconsolidation   11,174   11,174
Gain (loss) on sales of real estate assets (55) 8,056 2,708 13,811
Income tax provision (546) (1,670) (17,189) (2,622)
Equity in earnings (losses) of unconsolidated affiliates (7,389) (1,759) (12,450) 3,421
Total other expenses (51,745) (33,347) (167,021) (57,277)
Net loss (44,424) (92,034) (256,511) (168,531)
Other consolidated subsidiaries/Net (income) loss attributable to noncontrolling interests 937 (763) 1,631 (631)
Net (income) loss attributable to the Company/Operating Partnership (42,878) (78,893) (235,780) (142,046)
Net income (loss) attributable to common shareholders/unitholders (54,101) (90,116) (269,449) (175,715)
Net (income) loss attributable to noncontrolling interests in:        
Operating Partnership 609 13,904 19,100 27,116
Other consolidated subsidiaries/Net (income) loss attributable to noncontrolling interests 937 (763) 1,631 (631)
Net (income) loss attributable to the Company/Operating Partnership (42,878) (78,893) (235,780) (142,046)
Preferred dividends declared   (11,223)   (33,669)
Preferred dividends undeclared (11,223)   (33,669)  
Net income (loss) attributable to common shareholders/unitholders $ (54,101) $ (90,116) $ (269,449) $ (175,715)
Basic and diluted per share data attributable to common shareholders:        
Net income attributable to common shareholders/unitholders $ (0.28) $ (0.52) $ (1.43) $ (1.01)
Weighted-average common and potential dilutive common shares/units outstanding 193,481 173,471 188,211 173,400
CBL & Associates Limited Partnership        
REVENUES:        
Rental revenues $ 124,081 $ 180,616 $ 405,476 $ 556,989
Management, development and leasing fees 2,104 2,216 5,251 7,325
Other 3,712 4,419 10,955 14,344
Total revenues 129,897 187,251 421,682 578,658
OPERATING EXPENSES:        
Property operating (20,396) (27,344) (63,011) (82,856)
Depreciation and amortization (53,477) (64,168) (162,042) (198,438)
Real estate taxes (17,215) (18,699) (53,500) (57,766)
Maintenance and repairs (8,425) (10,253) (25,675) (34,327)
General and administrative (25,497) (12,467) (62,060) (48,901)
Loss on impairment (46) (135,688) (146,964) (202,121)
Litigation settlement 2,480 22,688 2,480 (65,462)
Other   (7) (400) (41)
Total operating expenses (122,576) (245,938) (511,172) (689,912)
OTHER INCOME (EXPENSES):        
Interest and other income 1,975 1,367 5,263 2,212
Interest expense (61,137) (50,515) (160,760) (156,995)
Gain on extinguishment of debt 15,407   15,407 71,722
Gain on investments/deconsolidation   11,174   11,174
Gain (loss) on sales of real estate assets (55) 8,056 2,708 13,811
Income tax provision (546) (1,670) (17,189) (2,622)
Equity in earnings (losses) of unconsolidated affiliates (7,389) (1,759) (12,450) 3,421
Total other expenses (51,745) (33,347) (167,021) (57,277)
Net loss (44,424) (92,034) (256,511) (168,531)
Other consolidated subsidiaries/Net (income) loss attributable to noncontrolling interests 937 (763) 1,631 (631)
Net (income) loss attributable to the Company/Operating Partnership (43,487) (92,797) (254,880) (169,162)
Distributions to preferred unitholders declared   (11,223)   (33,669)
Distributions to preferred unitholders undeclared (11,223)   (33,669)  
Net income (loss) attributable to common shareholders/unitholders (54,710) (104,020) (288,549) (202,831)
Net (income) loss attributable to noncontrolling interests in:        
Other consolidated subsidiaries/Net (income) loss attributable to noncontrolling interests 937 (763) 1,631 (631)
Net (income) loss attributable to the Company/Operating Partnership (43,487) (92,797) (254,880) (169,162)
Preferred dividends declared   (11,223)    
Net income (loss) attributable to common shareholders/unitholders $ (54,710) $ (104,020) $ (288,549) $ (202,831)
Basic and diluted per share data attributable to common shareholders:        
Net income attributable to common shareholders/unitholders $ (0.27) $ (0.52) $ (1.43) $ (1.01)
Weighted-average common and potential dilutive common shares/units outstanding 201,690 200,230 201,551 200,158
[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.