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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
REVENUES:        
Minimum rents $ 164,444 $ 170,422 $ 502,289 $ 505,931
Percentage rents 3,225 3,869 10,590 10,418
Other rents 3,866 4,156 13,747 13,748
Tenant reimbursements 69,489 72,461 212,951 214,818
Management, development and leasing fees 4,177 2,754 10,825 8,195
Other 6,520 8,974 19,362 24,278
Total revenues 251,721 262,636 769,764 777,388
OPERATING EXPENSES:        
Property operating 35,116 35,859 104,804 107,629
Depreciation and amortization 71,794 74,045 220,505 221,550
Real estate taxes 22,492 23,579 68,354 68,913
Maintenance and repairs 13,236 12,480 39,574 39,103
General and administrative 13,222 12,995 46,865 46,440
Loss on impairment 53,558 884 116,736 3,665
Other 5,576 8,787 20,313 21,191
Total operating expenses 214,994 168,629 617,151 508,491
Income from operations 36,727 94,007 152,613 268,897
Interest and other income 451 579 1,062 6,242
Interest expense (54,292) (56,451) (162,710) (174,362)
Gain on extinguishment of debt (6) 0 0 256
Gain on investment 0 0 0 16,560
Income tax benefit (provision) 2,386 (448) 2,974 (2,004)
Equity in earnings of unconsolidated affiliates 10,478 3,508 107,217 12,212
Income (loss) from continuing operations before gain on sales of real estate assets (4,256) 41,195 101,156 127,801
Gain on sales of real estate assets 4,926 3,237 14,503 18,167
Net income 670 44,432 115,659 145,968
Net (income) loss attributable to noncontrolling interests in:        
Operating Partnership 1,372 (4,665) (12,056) (15,783)
Other consolidated subsidiaries/Net (income) loss attributable to noncontrolling interests (983) (2,198) 449 (4,557)
Net income (loss) attributable to the Company/Operating Partnership 1,059 37,569 104,052 125,628
Preferred dividends/distributions to preferred unitholders (11,223) (11,223) (33,669) (33,669)
Net income attributable to common shareholders/unitholders $ (10,164) $ 26,346 $ 70,383 $ 91,959
Basic per share data attributable to common shareholders/unitholders:        
Net income (loss) attributable to common shareholders/unitholders, diluted (in dollars per share) $ (0.06) $ 0.15 $ 0.41 $ 0.54
Weighted-average common shares outstanding 170,792 170,494 170,751 170,470
Diluted per share data attributable to common shareholders/unitholders:        
Net income (loss) attributable to common shareholders/unitholders, diluted (in dollars per share) $ (0.06) $ 0.15 $ 0.41 $ 0.54
Weighted-average common and potential dilutive common shares/units outstanding, diluted (in shares) 170,792 170,494 170,751 170,500
Dividends declared per common share/unit (in dollars per share) $ 0.265 $ 0.265 $ 0.795 $ 0.795
CBL & Associates Limited Partnership        
REVENUES:        
Minimum rents $ 164,444 $ 170,422 $ 502,289 $ 505,931
Percentage rents 3,225 3,869 10,590 10,418
Other rents 3,866 4,156 13,747 13,748
Tenant reimbursements 69,489 72,461 212,951 214,818
Management, development and leasing fees 4,177 2,754 10,825 8,195
Other 6,520 8,974 19,362 24,278
Total revenues 251,721 262,636 769,764 777,388
OPERATING EXPENSES:        
Property operating 35,116 35,859 104,804 107,629
Depreciation and amortization 71,794 74,045 220,505 221,550
Real estate taxes 22,492 23,579 68,354 68,913
Maintenance and repairs 13,236 12,480 39,574 39,103
General and administrative 13,222 12,995 46,865 46,440
Loss on impairment 53,558 884 116,736 3,665
Other 5,576 8,787 20,313 21,191
Total operating expenses 214,994 168,629 617,151 508,491
Income from operations 36,727 94,007 152,613 268,897
Interest and other income 451 579 1,062 6,242
Interest expense (54,292) (56,451) (162,710) (174,362)
Gain on extinguishment of debt (6) 0 0 256
Gain on investment 0 0 0 16,560
Income tax benefit (provision) 2,386 (448) 2,974 (2,004)
Equity in earnings of unconsolidated affiliates 10,478 3,508 107,217 12,212
Income (loss) from continuing operations before gain on sales of real estate assets (4,256) 41,195 101,156 127,801
Gain on sales of real estate assets 4,926 3,237 14,503 18,167
Net income 670 44,432 115,659 145,968
Net (income) loss attributable to noncontrolling interests in:        
Other consolidated subsidiaries/Net (income) loss attributable to noncontrolling interests (983) (2,198) 449 (4,557)
Net income (loss) attributable to the Company/Operating Partnership (313) 42,234 116,108 141,411
Preferred dividends/distributions to preferred unitholders (11,223) (11,223) (33,669) (33,669)
Net income attributable to common shareholders/unitholders $ (11,536) $ 31,011 $ 82,439 $ 107,742
Basic per share data attributable to common shareholders/unitholders:        
Net income (loss) attributable to common shareholders/unitholders, diluted (in dollars per share) $ (0.06) $ 0.16 $ 0.41 $ 0.54
Weighted-average common shares outstanding 200,004 199,751 199,992 199,728
Diluted per share data attributable to common shareholders/unitholders:        
Net income (loss) attributable to common shareholders/unitholders, diluted (in dollars per share) $ (0.06) $ 0.16 $ 0.41 $ 0.54
Weighted-average common and potential dilutive common shares/units outstanding, diluted (in shares) 200,004 199,751 199,992 199,758
Dividends declared per common share/unit (in dollars per share) $ 0.273 $ 0.273 $ 0.819 $ 0.819