SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2020

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

Year Ended December 31, 2020	Malls			All Other ⁽¹⁾			Total
Revenues ⁽²⁾	$	520,643		$	55,218		$	575,861
Property operating expenses ⁽³⁾		(177,531	)		(10,348	)		(187,879	)
Interest expense		(79,380	)		(121,283	)		(200,663	)
Other expense		—			(953	)		(953	)
Gain (loss) on sales of real estate assets		(25	)		4,721			4,696
Segment profit (loss)	$	263,707		$	(72,645	)		191,062
Depreciation and amortization								(215,030	)
General and administrative expense								(53,425	)
Litigation settlement								7,855
Interest and other income								6,396
Gain on extinguishment of debt								32,521
Loss on impairment								(213,358	)
Prepetition charges								(23,883	)
Reorganization items								(35,977	)
Income tax provision								(16,836	)
Equity in losses of unconsolidated affiliates								(14,854	)
Net loss							$	(335,529	)
Total assets	$	3,702,523		$	741,217		$	4,443,740
Capital expenditures ⁽⁴⁾	$	36,425		$	5,683		$	42,108

Year Ended December 31, 2019	Malls			All Other ⁽¹⁾			Total
Revenues ⁽²⁾	$	699,698		$	68,998		$	768,696
Property operating expenses ⁽³⁾		(216,771	)		(13,881	)		(230,652	)
Interest expense		(86,152	)		(120,109	)		(206,261	)
Other expense		—			(91	)		(91	)
Gain on sales of real estate assets		1,226			15,048			16,274
Segment profit (loss)	$	398,001		$	(50,035	)		347,966
Depreciation and amortization								(257,746	)
General and administrative expense								(64,181	)
Litigation settlement								(61,754	)
Interest and other income								2,764
Gain on extinguishment of debt								71,722
Loss on impairment								(239,521	)
Gain on investment/deconsolidation								67,242
Income tax provision								(3,153	)
Equity in earnings of unconsolidated affiliates								4,940
Net loss							$	(131,721	)
Total assets	$	4,180,515		$	441,831		$	4,622,346
Capital expenditures ⁽⁴⁾	$	130,502		$	11,057		$	141,559

Year Ended December 31, 2018	Malls			All Other ⁽¹⁾			Total
Revenues ⁽²⁾	$	783,194		$	75,363		$	858,557
Property operating expenses ⁽³⁾		(236,807	)		(15,805	)		(252,612	)
Interest expense		(103,162	)		(116,876	)		(220,038	)
Other expense		(85	)		(702	)		(787	)
Gain on sales of real estate assets		799			18,202			19,001
Segment profit (loss)	$	443,939		$	(39,818	)		404,121
Depreciation and amortization								(285,401	)
General and administrative expense								(61,506	)
Interest and other income								1,858
Loss on impairment								(174,529	)
Income tax benefit								1,551
Equity in earnings of unconsolidated affiliates								14,677
Net loss							$	(99,229	)
Total assets	$	4,868,141		$	472,712		$	5,340,853
Capital expenditures ⁽⁴⁾	$	132,187		$	12,772		$	144,959

(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 All Other category. See Note 4 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.