XML 17 R2.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Real estate assets:    
Land $ 662,045 $ 695,711
Buildings and improvements 4,966,381 5,135,074
Real estate assets 5,628,426 5,830,785
Accumulated depreciation (2,229,137) (2,241,421)
Real estate investment property, net, before developments in progress 3,399,289 3,589,364
Developments in progress 31,284 28,327
Net investment in real estate assets 3,430,573 3,617,691
Cash and cash equivalents 84,655 61,781
Available-for-sale securities - at fair value (amortized cost of $232,774 and $233,053 as of March 31, 2021 and December 31, 2020, respectively) 232,795 233,071
Receivables:    
Tenant 80,590 103,655
Other 8,026 5,958
Mortgage and other notes receivable 2,113 2,337
Investments in unconsolidated affiliates 271,764 279,355
Intangible lease assets and other assets 169,671 139,892
Total assets 4,280,187 4,443,740
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY    
Mortgage and other indebtedness, net 1,036,970 1,184,831
Accounts payable and accrued liabilities 185,723 173,387
Total liabilities not subject to compromise [1] 1,222,693 1,358,218
Liabilities subject to compromise 2,551,354 2,551,490
Commitments and contingencies (Note 9 and Note 12)
Redeemable noncontrolling interests (478) (265)
Preferred Stock, $.01 par value, 15,000,000 shares authorized:    
Common stock, $.01 par value, 350,000,000 shares authorized, 196,458,778 and 196,569,917 issued and outstanding in 2021 and 2020, respectively 1,965 1,966
Additional paid-in capital 1,986,666 1,986,269
Accumulated other comprehensive income 21 18
Dividends in excess of cumulative earnings (1,483,198) (1,456,435)
Total shareholders' equity 505,479 531,843
Noncontrolling interests 1,139 2,454
Total equity 506,618 534,297
Common units    
Accumulated other comprehensive income 21 18
Total liabilities, redeemable noncontrolling interests and equity 4,280,187 4,443,740
CBL & Associates Limited Partnership    
Real estate assets:    
Land 662,045 695,711
Buildings and improvements 4,966,381 5,135,074
Real estate assets 5,628,426 5,830,785
Accumulated depreciation (2,229,137) (2,241,421)
Real estate investment property, net, before developments in progress 3,399,289 3,589,364
Developments in progress 31,284 28,327
Net investment in real estate assets 3,430,573 3,617,691
Cash and cash equivalents 84,646 61,772
Available-for-sale securities - at fair value (amortized cost of $232,774 and $233,053 as of March 31, 2021 and December 31, 2020, respectively) 232,795 233,071
Receivables:    
Tenant 80,590 103,655
Other 7,977 5,910
Mortgage and other notes receivable 2,113 2,337
Investments in unconsolidated affiliates 272,291 279,884
Intangible lease assets and other assets 169,552 139,772
Total assets 4,280,537 4,444,092
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY    
Mortgage and other indebtedness, net 1,036,970 1,184,831
Accounts payable and accrued liabilities 185,795 173,458
Total liabilities not subject to compromise [2] 1,222,765 1,358,289
Liabilities subject to compromise 2,551,354 2,551,490
Commitments and contingencies (Note 9 and Note 12)
Redeemable noncontrolling interests (478) (265)
Preferred Stock, $.01 par value, 15,000,000 shares authorized:    
Accumulated other comprehensive income 21 18
Partners' capital    
Preferred units 565,212 565,212
Common units    
General partner (609) (339)
Limited partners (59,956) (33,371)
Total partners' capital 504,668 531,520
Accumulated other comprehensive income 21 18
Noncontrolling interests 2,228 3,058
Total capital 506,896 534,578
Total liabilities, redeemable noncontrolling interests and equity 4,280,537 4,444,092
Series D Preferred Stock    
Preferred Stock, $.01 par value, 15,000,000 shares authorized:    
Preferred stock outstanding 18 18
Series E Preferred Stock    
Preferred Stock, $.01 par value, 15,000,000 shares authorized:    
Preferred stock outstanding $ 7 $ 7
[1] As of March 31, 2021, includes $266,669 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $132,762 of liabilities of consolidated variable interest entities for which creditors do not have recourse to the general credit of the Company. See Note 8
[2] As of March 31, 2021, includes $266,669 of assets related to consolidated variable interest entities that can only be used to settle obligations of the consolidated variable interest entities and $132,762 of liabilities of consolidated variable interest entities for which creditors do not have recourse to the general credit of the Operating Partnership