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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
REVENUES:        
Minimum rents $ 167,216 $ 166,428 $ 337,845 $ 335,509
Percentage rents 2,692 2,412 7,365 6,549
Other rents 4,819 4,421 9,881 9,592
Tenant reimbursements 70,096 70,224 143,462 142,357
Management, development and leasing fees 4,067 2,663 6,648 5,441
Other 6,075 7,695 12,842 15,304
Total revenues 254,965 253,843 518,043 514,752
OPERATING EXPENSES:        
Property operating 31,060 32,866 69,688 71,770
Depreciation and amortization 72,205 71,239 148,711 147,505
Real estate taxes 22,834 22,549 45,862 45,334
Maintenance and repairs 11,790 12,407 26,338 26,623
General and administrative 16,475 16,215 33,643 33,445
Loss on impairment 43,493 2,781 63,178 2,781
Other 5,052 5,928 14,737 12,404
Total operating expenses 202,909 163,985 402,157 339,862
Income from operations 52,056 89,858 115,886 174,890
Interest and other income 251 389 611 5,663
Interest expense (53,187) (58,754) (108,418) (117,911)
Gain on extinguishment of debt 0 256 6 256
Gain on investment 0 0 0 16,560
Equity in earnings of unconsolidated affiliates 64,349 4,881 96,739 8,704
Income tax benefit (provision) 51 (2,472) 588 (1,556)
Income from continuing operations before gain on sales of real estate assets 63,520 34,158 105,412 86,606
Gain on sales of real estate assets 9,577 14,173 9,577 14,930
Net income 73,097 48,331 114,989 101,536
Net (income) loss attributable to noncontrolling interests in:        
Operating Partnership (8,483) (4,946) (13,428) (11,118)
Other consolidated subsidiaries/Net (income) loss attributable to noncontrolling interests (1,695) (1,490) 1,432 (2,359)
Net income attributable to the Company/Operating Partnership 62,919 41,895 102,993 88,059
Preferred dividends/distributions to preferred unitholders (11,223) (11,223) (22,446) (22,446)
Net income attributable to common shareholders/unitholders $ 51,696 $ 30,672 $ 80,547 $ 65,613
Diluted per share data attributable to common shareholders/unitholders:        
Net income attributable to common shareholders/unitholders, diluted (in dollars per share) $ 0.30 $ 0.18 $ 0.47 $ 0.38
Weighted-average common and potential dilutive common shares/units outstanding, diluted (in shares) 170,792 170,494 170,731 170,457
Dividends declared per common share/unit (in dollars per share) $ 0.265 $ 0.265 $ 0.53 $ 0.530
CBL & Associates Limited Partnership        
REVENUES:        
Minimum rents $ 167,216 $ 166,428 $ 337,845 $ 335,509
Percentage rents 2,692 2,412 7,365 6,549
Other rents 4,819 4,421 9,881 9,592
Tenant reimbursements 70,096 70,224 143,462 142,357
Management, development and leasing fees 4,067 2,663 6,648 5,441
Other 6,075 7,695 12,842 15,304
Total revenues 254,965 253,843 518,043 514,752
OPERATING EXPENSES:        
Property operating 31,060 32,866 69,688 71,770
Depreciation and amortization 72,205 71,239 148,711 147,505
Real estate taxes 22,834 22,549 45,862 45,334
Maintenance and repairs 11,790 12,407 26,338 26,623
General and administrative 16,475 16,215 33,643 33,445
Loss on impairment 43,493 2,781 63,178 2,781
Other 5,052 5,928 14,737 12,404
Total operating expenses 202,909 163,985 402,157 339,862
Income from operations 52,056 89,858 115,886 174,890
Interest and other income 251 389 611 5,663
Interest expense (53,187) (58,754) (108,418) (117,911)
Gain on extinguishment of debt 0 256 6 256
Gain on investment 0 0 0 16,560
Equity in earnings of unconsolidated affiliates 64,349 4,881 96,739 8,704
Income tax benefit (provision) 51 (2,472) 588 (1,556)
Income from continuing operations before gain on sales of real estate assets 63,520 34,158 105,412 86,606
Gain on sales of real estate assets 9,577 14,173 9,577 14,930
Net income 73,097 48,331 114,989 101,536
Net (income) loss attributable to noncontrolling interests in:        
Other consolidated subsidiaries/Net (income) loss attributable to noncontrolling interests (1,695) (1,490) 1,432 (2,359)
Net income attributable to the Company/Operating Partnership 71,402 46,841 116,421 99,177
Preferred dividends/distributions to preferred unitholders (11,223) (11,223) (22,446) (22,446)
Net income attributable to common shareholders/unitholders $ 60,179 $ 35,618 $ 93,975 $ 76,731
Diluted per share data attributable to common shareholders/unitholders:        
Net income attributable to common shareholders/unitholders, diluted (in dollars per share) $ 0.30 $ 0.18 $ 0.47 $ 0.38
Weighted-average common and potential dilutive common shares/units outstanding, diluted (in shares) 200,045 199,751 199,986 199,716
Dividends declared per common share/unit (in dollars per share) $ 0.273 $ 0.273 $ 0.546 $ 0.546