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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
REVENUES:        
Minimum rents $ 157,609 $ 167,216 $ 317,359 $ 337,845
Percentage rents 1,738 2,692 4,127 7,365
Other rents 3,729 4,819 7,381 9,881
Tenant reimbursements 62,231 70,096 129,522 143,462
Management, development and leasing fees 2,577 4,067 6,029 6,648
Other 1,349 6,075 2,828 12,842
Total revenues 229,233 254,965 467,246 518,043
OPERATING EXPENSES:        
Property operating 30,041 31,060 64,955 69,688
Depreciation and amortization 82,509 72,205 153,729 148,711
Real estate taxes 18,687 22,834 40,770 45,862
Maintenance and repairs 11,716 11,790 25,068 26,338
General and administrative 15,752 16,475 31,834 33,643
Loss on impairment 43,203 43,493 46,466 63,178
Other 5,019 5,052 5,019 14,737
Total operating expenses 206,927 202,909 367,841 402,157
Income from operations 22,306 52,056 99,405 115,886
Interest and other income 31 251 1,435 611
Interest expense (55,065) (53,187) (111,266) (108,418)
Gain on extinguishment of debt 20,420 0 24,475 6
Loss on investment (5,843) 0 (5,843) 0
Income tax benefit 2,920 51 3,720 588
Equity in earnings of unconsolidated affiliates 6,325 64,349 11,698 96,739
Income (loss) from continuing operations before gain on sales of real estate assets (8,906) 63,520 23,624 105,412
Gain on sales of real estate assets 79,533 9,577 85,521 9,577
Net income 70,627 73,097 109,145 114,989
Net (income) loss attributable to noncontrolling interests in:        
Operating Partnership (5,093) (8,483) (8,783) (13,428)
Other consolidated subsidiaries/Net (income) loss attributable to noncontrolling interests (24,138) (1,695) (24,851) 1,432
Net income (loss) attributable to the Company/Operating Partnership 41,396 62,919 75,511 102,993
Preferred dividends/distributions to preferred unitholders (11,223) (11,223) (22,446) (22,446)
Net income attributable to common shareholders/unitholders $ 30,173 $ 51,696 $ 53,065 $ 80,547
Basic and diluted per share data attributable to common shareholders/unitholders:        
Net income attributable to common shareholders (in usd per share) $ 0.18 $ 0.30 $ 0.31 $ 0.47
Weighted-average common and potential dilutive common shares/units outstanding, diluted (in shares) 171,095 170,792 171,042 170,731
Dividends declared per common share/unit (in dollars per share) $ 0.265 $ 0.265 $ 0.530 $ 0.530
CBL & Associates Limited Partnership        
REVENUES:        
Minimum rents $ 157,609 $ 167,216 $ 317,359 $ 337,845
Percentage rents 1,738 2,692 4,127 7,365
Other rents 3,729 4,819 7,381 9,881
Tenant reimbursements 62,231 70,096 129,522 143,462
Management, development and leasing fees 2,577 4,067 6,029 6,648
Other 1,349 6,075 2,828 12,842
Total revenues 229,233 254,965 467,246 518,043
OPERATING EXPENSES:        
Property operating 30,041 31,060 64,955 69,688
Depreciation and amortization 82,509 72,205 153,729 148,711
Real estate taxes 18,687 22,834 40,770 45,862
Maintenance and repairs 11,716 11,790 25,068 26,338
General and administrative 15,752 16,475 31,834 33,643
Loss on impairment 43,203 43,493 46,466 63,178
Other 5,019 5,052 5,019 14,737
Total operating expenses 206,927 202,909 367,841 402,157
Income from operations 22,306 52,056 99,405 115,886
Interest and other income 31 251 1,435 611
Interest expense (55,065) (53,187) (111,266) (108,418)
Gain on extinguishment of debt 20,420 0 24,475 6
Loss on investment (5,843) 0 (5,843) 0
Income tax benefit 2,920 51 3,720 588
Equity in earnings of unconsolidated affiliates 6,325 64,349 11,698 96,739
Income (loss) from continuing operations before gain on sales of real estate assets (8,906) 63,520 23,624 105,412
Gain on sales of real estate assets 79,533 9,577 85,521 9,577
Net income 70,627 73,097 109,145 114,989
Net (income) loss attributable to noncontrolling interests in:        
Other consolidated subsidiaries/Net (income) loss attributable to noncontrolling interests (24,138) (1,695) (24,851) 1,432
Net income (loss) attributable to the Company/Operating Partnership 46,489 71,402 84,294 116,421
Preferred dividends/distributions to preferred unitholders (11,223) (11,223) (22,446) (22,446)
Net income attributable to common shareholders/unitholders $ 35,266 $ 60,179 $ 61,848 $ 93,975
Basic and diluted per share data attributable to common shareholders/unitholders:        
Net income attributable to common shareholders (in usd per share) $ 0.18 $ 0.30 $ 0.31 $ 0.47
Weighted-average common and potential dilutive common shares/units outstanding, diluted (in shares) 199,371 200,045 199,326 199,986
Dividends declared per common share/unit (in dollars per share) $ 0.273 $ 0.273 $ 0.546 $ 0.546