XML 24 R9.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (37,841,000) $ (212,087,000)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 95,611,000 108,565,000
Net amortization of deferred financing costs, premiums on available-for-sale securities and debt premiums and discounts 1,496,000 4,595,000
Net amortization of intangible lease assets and liabilities 385,000 (753,000)
(Gain) loss on sales of real estate assets 192,000 (2,763,000)
Gain on insurance proceeds   (511,000)
Gain on deconsolidation (55,131,000)  
Write-off of development projects 287,000 400,000
Share-based compensation expense 739,000 2,293,000
Loss on impairment 57,182,000 146,918,000
Equity in losses of unconsolidated affiliates 7,351,000 5,061,000
Distributions of earnings from unconsolidated affiliates 6,676,000 3,797,000
Change in estimate of uncollectable revenues 15,525,000 41,955,000
Change in deferred tax accounts   15,596,000
Changes in:    
Tenant and other receivables 19,352,000 (87,298,000)
Other assets (2,111,000) 753,000
Accounts payable and accrued liabilities 20,784,000 11,849,000
Net cash provided by operating activities 130,497,000 38,370,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to real estate assets (13,836,000) (36,413,000)
Proceeds from sales of real estate assets 5,612,000 3,579,000
Purchases of available-for-sale securities (319,887,000) (153,193,000)
Redemptions of available-for-sale securities 368,380,000  
Proceeds from insurance   600,000
Payments received on mortgage and other notes receivable 425,000 703,000
Additional investments in and advances to unconsolidated affiliates 124,000 (10,990,000)
Distributions in excess of equity in earnings of unconsolidated affiliates 4,790,000 5,255,000
Changes in other assets (1,420,000) (920,000)
Net cash provided by (used in) investing activities 44,188,000 (191,379,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from mortgage and other indebtedness   365,000,000
Principal payments on mortgage and other indebtedness (23,854,000) (120,467,000)
Additions to deferred financing costs (1,000) (240,000)
Proceeds from issuances of common stock   5,000
Contributions from noncontrolling interests   693,000
Payment of tax withholdings for restricted stock awards (11,000) (87,000)
Distributions to noncontrolling interests (354,000) (825,000)
Net cash provided by (used in) financing activities (24,220,000) 244,079,000
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 150,465,000 91,070,000
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 121,722,000 59,058,000
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 272,187,000 150,128,000
Reconciliation from condensed consolidated statements of cash flows to condensed consolidated balance sheets:    
Cash and cash equivalents 143,874,000 123,388,000
Restricted cash (1):    
Restricted cash [1] 100,626,000 249,000
Mortgage escrows [1] 27,687,000 26,491,000
SUPPLEMENTAL INFORMATION:    
Cash paid for interest, net of amounts capitalized 26,755,000 51,703,000
Cash paid for reorganization items 35,602,000  
CBL & Associates Limited Partnership    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss (37,841,000) (212,087,000)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 95,611,000 108,565,000
Net amortization of deferred financing costs, premiums on available-for-sale securities and debt premiums and discounts 1,496,000 4,595,000
Net amortization of intangible lease assets and liabilities 385,000 (753,000)
(Gain) loss on sales of real estate assets 192,000 (2,763,000)
Gain on insurance proceeds   (511,000)
Gain on deconsolidation (55,131,000)  
Write-off of development projects 287,000 400,000
Share-based compensation expense 739,000 2,293,000
Loss on impairment 57,182,000 146,918,000
Equity in losses of unconsolidated affiliates 7,351,000 5,061,000
Distributions of earnings from unconsolidated affiliates 6,676,000 3,797,000
Change in estimate of uncollectable revenues 15,525,000 41,955,000
Change in deferred tax accounts   15,596,000
Changes in:    
Tenant and other receivables 19,352,000 (87,298,000)
Other assets (2,111,000) 753,000
Accounts payable and accrued liabilities 20,785,000 11,845,000
Net cash provided by operating activities 130,498,000 38,366,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to real estate assets (13,836,000) (36,413,000)
Proceeds from sales of real estate assets 5,612,000 3,579,000
Purchases of available-for-sale securities (319,887,000) (153,193,000)
Redemptions of available-for-sale securities 368,380,000  
Proceeds from insurance   600,000
Payments received on mortgage and other notes receivable 425,000 703,000
Additional investments in and advances to unconsolidated affiliates 124,000 (10,990,000)
Distributions in excess of equity in earnings of unconsolidated affiliates 4,790,000 5,255,000
Changes in other assets (1,420,000) (920,000)
Net cash provided by (used in) investing activities 44,188,000 (191,379,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from mortgage and other indebtedness   365,000,000
Principal payments on mortgage and other indebtedness (23,854,000) (120,467,000)
Additions to deferred financing costs (1,000) (240,000)
Proceeds from issuances of common stock   5,000
Contributions from noncontrolling interests   693,000
Payment of tax withholdings for restricted stock awards (11,000) (87,000)
Distributions to noncontrolling interests (354,000) (825,000)
Net cash provided by (used in) financing activities (24,220,000) 244,079,000
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 150,466,000 91,066,000
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 121,713,000 59,054,000
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 272,179,000 150,120,000
Reconciliation from condensed consolidated statements of cash flows to condensed consolidated balance sheets:    
Cash and cash equivalents 143,866,000 123,380,000
Restricted cash (1):    
Restricted cash [2] 100,626,000 249,000
Mortgage escrows [2] 27,687,000 26,491,000
SUPPLEMENTAL INFORMATION:    
Cash paid for interest, net of amounts capitalized 26,755,000 $ 51,703,000
Cash paid for reorganization items $ 35,602,000  
[1] Included in intangible lease assets and other assets in the condensed consolidated balance sheets
[2] Included in intangible lease assets and other assets in the condensed consolidated balance sheets.