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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Dec. 31, 2018
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:              
Net loss $ (92,034) $ (2,971) $ (168,531) $ (33,608)      
Adjustments to reconcile net loss to net cash provided by operating activities:              
Depreciation and amortization     198,438 217,261      
Net amortization of deferred financing costs, debt premiums and discounts     6,328 5,451      
Net amortization of intangible lease assets and liabilities     (1,212) 198      
Gain on sales of real estate assets     (13,811) (15,998)      
Gain on insurance proceeds     (421) 0      
Gain on investments/deconsolidation (11,174) 0 (11,174) (387)      
Write-off of development projects     41 377      
Share-based compensation expense     3,838 4,310      
Loss on impairment 135,688 14,600 202,121 84,644      
Gain on extinguishment of debt     (71,722) 0      
Equity in earnings of unconsolidated affiliates 1,759 (1,762) (3,421) (9,869)      
Distributions of earnings from unconsolidated affiliates     15,635 12,574      
Change in estimate of uncollectable rental revenues     1,504 3,273      
Change in deferred tax accounts     1,026 (2,706)      
Changes in:              
Tenant and other receivables     (2,926) 3,493      
Other assets     (5,541) (4,640)      
Accounts payable and accrued liabilities     75,071 16,034      
Net cash provided by operating activities     225,243 280,407      
CASH FLOWS FROM INVESTING ACTIVITIES:              
Additions to real estate assets     (90,436) (107,981)      
Acquisitions of real estate assets     0 (3,301)      
Proceeds from sales of real estate assets     128,364 70,419      
Proceeds from disposal of investment     9,225 0      
Proceeds from insurance     740 0      
Payments received on mortgage and other notes receivable     1,853 775      
Additional investments in and advances to unconsolidated affiliates     (2,634) (2,243)      
Distributions in excess of equity in earnings of unconsolidated affiliates     11,255 33,909      
Changes in other assets     (2,497) (5,903)      
Net cash provided by (used in) investing activities     55,870 (14,325)      
CASH FLOWS FROM FINANCING ACTIVITIES:              
Proceeds from mortgage and other indebtedness     1,043,496 530,679      
Principal payments on mortgage and other indebtedness     (1,232,480) (649,904)      
Additions to deferred financing costs     (15,545) (238)      
Proceeds from issuances of common stock     39 117      
Purchases of noncontrolling interests in the Operating Partnership     0 (2,246)      
Contributions from noncontrolling interests     4,603 7,859      
Payment of tax withholdings for restricted stock awards     (132) (271)      
Distributions to noncontrolling interests     (15,722) (27,156)      
Dividends paid to holders of preferred stock     (33,669) (33,669)      
Dividends paid to common shareholders     (25,959) (103,280)      
Net cash used in financing activities     (275,369) (278,109)      
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH     5,744 (12,027)      
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period     57,512 68,172 $ 68,172    
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 63,256 56,145 63,256 56,145 57,512    
Reconciliation from condensed consolidated statements of cash flows to condensed consolidated balance sheets:              
Cash and cash equivalents 34,565 [1] 20,695 34,565 [1] 20,695 25,138 [1]    
Restricted cash              
Restricted cash [2]           $ 180 $ 4,681
Mortgage escrows [2]           28,511 30,769
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 63,256 56,145 57,512 68,172 57,512 63,256 56,145
SUPPLEMENTAL INFORMATION:              
Cash paid for interest, net of amounts capitalized     136,117 136,301      
CBL & Associates Limited Partnership              
CASH FLOWS FROM OPERATING ACTIVITIES:              
Net loss (92,034) (2,971) (168,531) (33,608)      
Adjustments to reconcile net loss to net cash provided by operating activities:              
Depreciation and amortization     198,438 217,261      
Net amortization of deferred financing costs, debt premiums and discounts     6,328 5,451      
Net amortization of intangible lease assets and liabilities     (1,212) 198      
Gain on sales of real estate assets     (13,811) (15,998)      
Gain on insurance proceeds     (421) 0      
Gain on investments/deconsolidation (11,174) 0 (11,174) (387)      
Write-off of development projects     41 377      
Share-based compensation expense     3,838 4,310      
Loss on impairment 135,688 14,600 202,121 84,644      
Gain on extinguishment of debt     (71,722) 0      
Equity in earnings of unconsolidated affiliates 1,759 (1,762) (3,421) (9,869)      
Distributions of earnings from unconsolidated affiliates     15,636 12,569      
Change in estimate of uncollectable rental revenues     1,504 3,273      
Change in deferred tax accounts     1,026 (2,706)      
Changes in:              
Tenant and other receivables     (2,926) 3,493      
Other assets     (5,541) (4,640)      
Accounts payable and accrued liabilities     75,067 16,039      
Net cash provided by operating activities     225,240 280,407      
CASH FLOWS FROM INVESTING ACTIVITIES:              
Additions to real estate assets     (90,436) (107,981)      
Acquisitions of real estate assets     0 (3,301)      
Proceeds from sales of real estate assets     128,364 70,419      
Proceeds from disposal of investment     9,225 0      
Proceeds from insurance     740 0      
Payments received on mortgage and other notes receivable     1,853 775      
Additional investments in and advances to unconsolidated affiliates     (2,634) (2,243)      
Distributions in excess of equity in earnings of unconsolidated affiliates     11,255 33,909      
Changes in other assets     (2,497) (5,903)      
Net cash provided by (used in) investing activities     55,870 (14,325)      
CASH FLOWS FROM FINANCING ACTIVITIES:              
Proceeds from mortgage and other indebtedness     1,043,496 530,679      
Principal payments on mortgage and other indebtedness     (1,232,480) (649,904)      
Additions to deferred financing costs     (15,545) (238)      
Proceeds from issuances of common stock     39 117      
Redemptions of common units     0 (2,246)      
Contributions from noncontrolling interests     4,603 7,859      
Payment of tax withholdings for restricted stock awards     (132) (271)      
Distributions to noncontrolling interests     (8,369) (8,821)      
Dividends paid to holders of preferred stock     (33,669) (33,669)      
Dividends paid to common shareholders     (33,312) (121,615)      
Net cash used in financing activities     (275,369) (278,109)      
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH     5,741 (12,027)      
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period     57,512 68,172 68,172    
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 63,253 56,145 63,253 56,145 57,512    
Reconciliation from condensed consolidated statements of cash flows to condensed consolidated balance sheets:              
Cash and cash equivalents 34,562 [3] 20,695 34,562 [3] 20,695 25,138 [3]    
Restricted cash              
Restricted cash [4]           180 4,681
Mortgage escrows [4]           28,511 30,769
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period $ 63,253 $ 56,145 57,512 68,172 $ 57,512 $ 63,253 $ 56,145
SUPPLEMENTAL INFORMATION:              
Cash paid for interest, net of amounts capitalized     $ 136,117 $ 136,301      
[1]
As of September 30, 2019, includes $484,345 of assets related to consolidated variable interest entities that can be used only to settle obligations of the consolidated variable interest entities and $346,999 of liabilities of consolidated variable interest entities for which creditors do not have recourse to the general credit of the Company. See Note 7.
[2]
Included in intangible lease assets and other assets in the condensed consolidated balance sheets.
[3]
As of September 30, 2019, includes $484,345 of assets related to consolidated variable interest entities that can only be used to settle obligations of the consolidated variable interest entities and $346,999 of liabilities of consolidated variable interest entities for which creditors do not have recourse to the general credit of the Operating Partnership. See Note 7.
[4]
Included in intangible lease assets and other assets in the condensed consolidated balance sheets.