Segment Information (Tables)

9 Months Ended

Sep. 30, 2020

Information on the Company’s segments is presented as follows:

Three Months Ended September 30, 2020	Malls			All Other ⁽¹⁾			Total
Revenues ⁽²⁾	$	115,661		$	14,236		$	129,897
Property operating expenses ⁽³⁾		(43,628	)		(2,408	)		(46,036	)
Interest expense		(18,845	)		(42,292	)		(61,137	)
Loss on sales of real estate assets		—			(55	)		(55	)
Segment profit (loss)	$	53,188		$	(30,519	)		22,669
Depreciation and amortization								(53,477	)
General and administrative expense								(25,497	)
Litigation settlement								2,480
Interest and other income								1,975
Gain on extinguishment of debt								15,407
Loss on impairment								(46	)
Income tax provision								(546	)
Equity in losses of unconsolidated affiliates								(7,389	)
Net loss							$	(44,424	)
Capital expenditures ⁽⁴⁾	$	2,524		$	1,262		$	3,786



Three Months Ended September 30, 2019	Malls			All Other ⁽¹⁾			Total
Revenues ⁽²⁾	$	171,514		$	15,737		$	187,251
Property operating expenses ⁽³⁾		(53,384	)		(2,912	)		(56,296	)
Interest expense		(20,866	)		(29,649	)		(50,515	)
Other expense		—			(7	)		(7	)
Gain on sales of real estate assets		3,292			4,764			8,056
Segment profit (loss)	$	100,556		$	(12,067	)		88,489
Depreciation and amortization								(64,168	)
General and administrative expense								(12,467	)
Litigation settlement								22,688
Interest and other income								1,367
Loss on impairment								(135,688	)
Gain on investments/deconsolidation								11,174
Income tax provision								(1,670	)
Equity in losses of unconsolidated affiliates								(1,759	)
Net loss							$	(92,034	)
Capital expenditures ⁽⁴⁾	$	34,961		$	1,530		$	36,491

Nine Months Ended September 30, 2020	Malls			All Other ⁽¹⁾			Total
Revenues ⁽²⁾	$	381,013		$	40,669		$	421,682
Property operating expenses ⁽³⁾		(134,111	)		(8,075	)		(142,186	)
Interest expense		(55,952	)		(104,808	)		(160,760	)
Other expense		—			(400	)		(400	)
Gain (loss) on sales of real estate assets		(25	)		2,733			2,708
Segment profit (loss)	$	190,925		$	(69,881	)		121,044
Depreciation and amortization								(162,042	)
General and administrative expense								(62,060	)
Litigation settlement								2,480
Interest and other income								5,263
Gain on extinguishment of debt								15,407
Loss on impairment								(146,964	)
Income tax provision								(17,189	)
Equity in losses of unconsolidated affiliates								(12,450	)
Net loss							$	(256,511	)
Capital expenditures ⁽⁴⁾	$	30,334		$	4,915		$	35,249


Nine Months Ended September 30, 2019	Malls			All Other ⁽¹⁾			Total
Revenues ⁽²⁾	$	526,354		$	52,304		$	578,658
Property operating expenses ⁽³⁾		(164,164	)		(10,785	)		(174,949	)
Interest expense		(65,612	)		(91,383	)		(156,995	)
Other expense		—			(41	)		(41	)
Gain on sales of real estate assets		5,770			8,041			13,811
Segment profit (loss)	$	302,348		$	(41,864	)		260,484
Depreciation and amortization								(198,438	)
General and administrative expense								(48,901	)
Litigation settlement								(65,462	)
Interest and other income								2,212
Gain on extinguishment of debt								71,722
Loss on impairment								(202,121	)
Gain on investments/deconsolidation								11,174
Income tax provision								(2,622	)
Equity in earnings of unconsolidated affiliates								3,421
Net loss							$	(168,531	)
Capital expenditures ⁽⁴⁾	$	94,545		$	3,058		$	97,603

(1)	The All Other category includes associated centers, community centers, mortgage and other notes receivable, office buildings, self-storage facilities, corporate-level debt and the Management Company.

(2)	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.

(3)	Property operating expenses include property operating, real estate taxes and maintenance and repairs.

(4)	Includes additions to and acquisitions of real estate assets and investments in unconsolidated affiliates. Developments in progress are included in the All Other category.