Cbl & associates properties, inc (CBL)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income

-

-

-

195,531

-

-

-

-

-

98,170

-7,065

63,041

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

-

-

-

-

-

-

-

-

-

291,772

312,505

336,480

Net amortization of deferred financing costs, debt premiums and discounts

-

-

-

-

-

-

-

-

-

7,414

1,570

-2,178

Net amortization of intangible lease assets and liabilities

-

-

-

-

-

-

-

-

-

-1,384

-5,046

-10,121

Gain on sales of real estate assets

-

-

-

-

-

-

-

-

-

2,887

3,820

-12,401

Write-off of development projects

-

-

-

-

-

-

-

-

-

392

1,501

12,351

Share-based compensation expense

-

-

-

-

-

-

-

-

-

2,313

3,160

5,016

Realized foreign currency loss

-

-

-

-

-

-

-

-

-

-169

-65

0

Gain on discontinued operations

-

-

-

-

-

-

-

-

-1

379

-17

3,798

(Gain) loss on investments/deconsolidation

-

-

-

7,534

16,560

-

-

-

-

888

9,260

17,181

Write-down of mortgage and other notes receivable

-

-

-

-

-

-

-

-

-

0

0

-

Income tax effect of share-based compensation

-

-

-

-

-

-

-

-

-

1,815

0

7,472

Net realized gain on sale of available-for-sale securities

-

-

-

-

-

-

-

224

-22

-114

0

0

Loss on impairment

-

-

-

116,822

105,945

17,858

70,049

24,379

-

1,156

109,211

0

Loss on impairment from discontinued operations

-

-

-

-

-

-

-

-

-

39,084

-

-

Impairment of Real Estate, Continuing and Discontinued Operations

-

-

-

-

-

-

-

-

-

-

114,862

-

Gain on extinguishment of debt

-

-

-

-

-

-

-

-

-

0

-601

-

Equity in earnings of unconsolidated affiliates

-

-

-

117,533

18,200

14,803

11,616

8,313

-

-188

5,489

2,831

Distributions of earnings from unconsolidated affiliates

-

-

-

-

-

-

-

-

-

4,959

12,665

15,661

Change in estimate of uncollectable rental revenues

-

-

-

-

-

-

-

-

-

2,891

5,000

9,372

Change in deferred tax accounts

-

-

-

-907

-152

1,329

1,823

3,095

5,695

2,031

1,170

-1,868

Changes in:
Tenant and other receivables

-

-

-

-

-

-

-

-

-

6,693

-803

-13,092

Other assets

-

-

-

-

-

-

-

-

-

1,215

3,435

-1,705

Accounts payable and accrued liabilities

-

-

-

-

-

-

-

-

-

-5,600

-6,686

513

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

429,792

431,638

419,093

CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to real estate assets

-

-

-

-

-

-

-

-

-

143,586

229,732

-

Acquisitions of real estate assets

-

-

-

-

-

-

-

-

-

0

-

437,765

(Additions) reductions to restricted cash

-

-

-

-

-

-

-

-

-

-20,987

-30,938

2,700

Reductions to cash held in escrow

-

-

-

-

-

-

-

-

-

0

-2,700

-

Purchase of partners' interest in unconsolidated affiliates

-

-

-

-

-

-

-

-

-

15,773

500

0

Purchase of noncontrolling interest in other consolidated subsidiaries

-

-

-

-

-

-

-

-

-

-

500

0

(Additions) reductions to restricted cash

-

-

-

-

-

-

-

-

-

-

-

-47,729

Proceeds from sales of real estate assets

-

-

-

-

-

-

-

-

-

138,614

11,826

93,575

Proceeds from sales of investments in unconsolidated affiliates

-

-

-

-

-

-

-

-

-

-

25,028

0

Purchase of municipal bonds

-

-

-

-

-

-

-

-

-

-

-

13,371

Additions to mortgage and other notes receivable

-

-

-

-

-

-

-

-

-

0

975

749

Payments received on mortgage and other notes receivable

-

-

-

-

-

-

-

-

-

1,609

20,769

105,554

Additional investments in and advances to unconsolidated affiliates

-

-

-

-

-

-

-

-

-

-

0

107,641

Proceeds from sale of available-for-sale securities

-

-

-

-

20,755

-

-

-

-

-

-

-

Distributions in excess of equity in earnings of unconsolidated affiliates

-

-

-

-

-

-

-

-

-

31,776

77,245

58,712

Changes in other assets

-

-

-

-

-

-

-

-

-

5,971

6,574

8,487

Net cash provided by (used in) investing activities

-

-

-

-

-

-

-

-

-

-5,558

-160,302

-360,601

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from mortgage and other indebtedness

-

-

-

-

-

-

-

-

-

893,378

686,764

1,625,742

Principal payments on mortgage notes payable

-

-

-

-

-

-

-

-

-

1,336,436

1,159,321

1,382,417

Additions to deferred financing costs

-

-

-

-

-

-

-

-

-

4,855

20,377

7,227

Proceeds from issuances of preferred stock/units

-

-

-

-

-

-

-

-

-

229,347

0

0

Net purchases of available-for-sale securities

-

-

-

-

-

-

-

-

-

9,610

0

0

Purchases of noncontrolling interests in the Operating Partnership

-

-

-

-

-

-

-

-

-

23,604

91,027

-

Proceeds from issuances of common stock/units

-

-

-

-

-

-

-

-

-

153

381,985

364

Proceeds from exercises of stock options/Contributions from CBL related to exercises of stock options

-

-

-

-

-

-

-

-

-

1,456

0

584

Purchase of noncontrolling interest in the Operating Partnership

-

-

-

-

-

-

-

-

-

-3,139

-

0

Income tax effect of share-based compensation

-

-

-

-

-

-

-

-

-

1,815

0

-7,472

Contributions from noncontrolling interests

-

-

-

-

-

-

-

-

-

5,234

0

2,671

Distributions to noncontrolling interests

-

-

-

-

-

-

-

-

-

86,093

86,607

137,435

Dividends paid to holders of preferred stock/Distributions to preferred unitholders

-

-

-

-

-

-

-

-

-

35,670

21,819

21,819

Dividends paid to common shareholders/Distributions to common unitholders

-

-

-

-

-

-

-

-

-

89,729

56,459

144,503

Net cash used in financing activities

-

-

-

-

-

-

-

-

-

-421,400

-275,834

-71,512

EFFECT OF FOREIGN EXCHANGE RATE CHANGES ON CASH

-

-

-

-

-

-

-

-

-

-

1,333

-1,579

NET CHANGE IN CASH AND CASH EQUIVALENTS

-

-

-

-

-

-

-

-

-

2,834

-3,165

-14,599

SUPPLEMENTAL INFORMATION:
Guarantor Subsidiaries
Net income

94,159

113,051

131,922

-

-

-

-

-

-

-

-

-

Depreciation and amortization

94,221

97,929

106,836

-

-

-

-

-

-

-

-

-

Net amortization of deferred financing costs, debt premiums and discounts

249

264

-191

-

-

-

-

-

-

-

-

-

Net amortization of intangible lease assets and liabilities

-1,525

-3,035

-3,125

-

-

-

-

-

-

-

-

-

Gain on sales of real estate assets

22

2,406

38,247

-

-

-

-

-

-

-

-

-

(Gain) loss on insurance proceeds

92

-47

0

-

-

-

-

-

-

-

-

-

Write-off of development projects

0

455

55

-

-

-

-

-

-

-

-

-

Loss on impairment

60,170

0

43,007

-

-

-

-

-

-

-

-

-

Gain on extinguishment of debt

61,796

0

28,815

-

-

-

-

-

-

-

-

-

Change in estimate of uncollectable rental revenues

2,072

1,236

1,564

-

-

-

-

-

-

-

-

-

Tenant and other receivables

4,574

-508

4,181

-

-

-

-

-

-

-

-

-

Other assets

411

653

-170

-

-

-

-

-

-

-

-

-

Accounts payable and accrued liabilities

2,136

8,586

7,844

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

184,587

215,982

216,839

-

-

-

-

-

-

-

-

-

Additions to real estate assets

35,759

42,646

77,428

-

-

-

-

-

-

-

-

-

Acquisitions of real estate assets

8,453

3,301

0

-

-

-

-

-

-

-

-

-

Proceeds from sales of real estate assets

24

3,453

47,565

-

-

-

-

-

-

-

-

-

Proceeds from insurance

769

3,020

0

-

-

-

-

-

-

-

-

-

Additions to mortgage and other notes receivable

11,977

-

79,974

-

-

-

-

-

-

-

-

-

Payments received on mortgage and other notes receivable

13,707

65,659

367

-

-

-

-

-

-

-

-

-

Changes in other assets

1,525

1,195

5,698

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

-43,214

24,990

-115,168

-

-

-

-

-

-

-

-

-

Principal payments on mortgage notes payable

13,095

47,905

268,512

-

-

-

-

-

-

-

-

-

Prepayment fees in extinguishment of debt

0

0

371

-

-

-

-

-

-

-

-

-

Distributions to owners

216,877

288,569

296,064

-

-

-

-

-

-

-

-

-

Contributions from owners

86,170

93,977

462,726

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-143,802

-242,497

-102,221

-

-

-

-

-

-

-

-

-

NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH

-2,429

-1,525

-550

-

-

-

-

-

-

-

-

-

Cash paid for interest, net of amounts capitalized

13,109

19,151

31,837

-

-

-

-

-

-

-

-

-

CBL & Associates Properties, Inc.
Net income (loss)

-

-

-

195,531

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

292,693

-

-

-

-

-

-

-

-

Net amortization of deferred financing costs, debt premiums and discounts

-

-

-

2,952

-

-

-

-

-

-

-

-

Net amortization of intangible lease assets and liabilities

-

-

-

113

-

-

-

-

-

-

-

-

Gains (Losses) on Sales of Other Real Estate

-

-

-

29,567

-

-

-

-

-

-

-

-

Gain on insurance proceeds

-

-

-

0

-

-

-

-

-

-

-

-

Write-off of development projects

-

-

-

56

-

-

-

-

-

-

-

-

Share-based compensation expense

-

-

-

5,027

-

-

-

-

-

-

-

-

(Gain) loss on investments

-

-

-

7,534

-

-

-

-

-

-

-

-

Loss on impairment

-

-

-

116,822

-

-

-

-

-

-

-

-

Gain on extinguishment of debt

-

-

-

0

-

-

-

-

-

-

-

-

Equity in earnings of unconsolidated affiliates

-

-

-

117,533

-

-

-

-

-

-

-

-

Distributions of earnings from unconsolidated affiliates

-

-

-

16,603

-

-

-

-

-

-

-

-

Provision for doubtful accounts

-

-

-

4,058

-

-

-

-

-

-

-

-

Deferred Income Tax Expense (Benefit)

-

-

-

-907

-

-

-

-

-

-

-

-

Tenant and other receivables

-

-

-

7,979

-

-

-

-

-

-

-

-

Other assets

-

-

-

4,386

-

-

-

-

-

-

-

-

Accounts payable and accrued liabilities

-

-

-

2,630

-

-

-

-

-

-

-

-

Net cash provided by operating activities

-

-

-

468,579

-

-

-

-

-

-

-

-

Additions to real estate assets

-

-

-

248,004

-

-

-

-

-

-

-

-

Acquisitions of real estate assets

-

-

-

0

-

-

-

-

-

-

-

-

Proceeds from sales of real estate assets

-

-

-

189,489

-

-

-

-

-

-

-

-

Net proceeds from disposal of investments

-

-

-

-10,299

-

-

-

-

-

-

-

-

Proceeds from insurance

-

-

-

0

-

-

-

-

-

-

-

-

Additions to mortgage and other notes receivable

-

-

-

3,259

-

-

-

-

-

-

-

-

Payments received on mortgage and other notes receivable

-

-

-

1,069

-

-

-

-

-

-

-

-

Additional investments in and advances to unconsolidated affiliates

-

-

-

28,510

-

-

-

-

-

-

-

-

Distributions in excess of equity in earnings of unconsolidated affiliates

-

-

-

95,958

-

-

-

-

-

-

-

-

Changes in other assets

-

-

-

7,054

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

-

-

-

9,988

-

-

-

-

-

-

-

-

Proceeds from mortgage and other indebtedness

-

-

-

1,174,409

-

-

-

-

-

-

-

-

Principal payments on mortgage and other indebtedness

-

-

-

1,377,739

-

-

-

-

-

-

-

-

Additions to deferred financing costs

-

-

-

8,345

-

-

-

-

-

-

-

-

Prepayment fees on extinguishment of debt

-

-

-

0

-

-

-

-

-

-

-

-

Purchases of noncontrolling interests in the Operating Partnership

-

-

-

11,754

-

-

-

-

-

-

-

-

Proceeds from issuances of common stock/units

-

-

-

179

-

-

-

-

-

-

-

-

Contributions from noncontrolling interests

-

-

-

11,241

-

-

-

-

-

-

-

-

Payment of tax withholdings for restricted stock awards

-

-

-

0

-

-

-

-

-

-

-

-

Distributions to noncontrolling interests

-

-

-

47,213

-

-

-

-

-

-

-

-

Dividends paid to holders of preferred stock/Distributions to preferred unitholders

-

-

-

44,892

-

-

-

-

-

-

-

-

Dividends paid to common shareholders/unitholders

-

-

-

180,960

-

-

-

-

-

-

-

-

Net cash used in financing activities

-

-

-

-485,074

-

-

-

-

-

-

-

-

NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH

-

-

-

-6,507

-

-

-

-

-

-

-

-

CBL & Associates Limited Partnership
Net income (loss)

-

-

-

195,531

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

292,693

-

-

-

-

-

-

-

-

Net amortization of deferred financing costs, debt premiums and discounts

-

-

-

2,952

-

-

-

-

-

-

-

-

Net amortization of intangible lease assets and liabilities

-

-

-

113

-

-

-

-

-

-

-

-

Gain on sales of real estate assets

-

-

-

29,567

-

-

-

-

-

-

-

-

Gain on insurance proceeds

-

-

-

0

-

-

-

-

-

-

-

-

Write-off of development projects

-

-

-

56

-

-

-

-

-

-

-

-

Share-based compensation expense

-

-

-

5,027

-

-

-

-

-

-

-

-

(Gain) loss on investments/deconsolidation

-

-

-

7,534

-

-

-

-

-

-

-

-

Loss on impairment

-

-

-

116,822

-

-

-

-

-

-

-

-

Gain on extinguishment of debt

-

-

-

0

-

-

-

-

-

-

-

-

Equity in earnings of unconsolidated affiliates

-

-

-

117,533

-

-

-

-

-

-

-

-

Distributions of earnings from unconsolidated affiliates

-

-

-

16,633

-

-

-

-

-

-

-

-

Change in estimate of uncollectable rental revenues

-

-

-

4,058

-

-

-

-

-

-

-

-

Change in deferred tax accounts

-

-

-

-907

-

-

-

-

-

-

-

-

Tenant and other receivables

-

-

-

7,931

-

-

-

-

-

-

-

-

Other assets

-

-

-

4,386

-

-

-

-

-

-

-

-

Accounts payable and accrued liabilities

-

-

-

2,550

-

-

-

-

-

-

-

-

Net cash provided by operating activities

-

-

-

468,577

-

-

-

-

-

-

-

-

Additions to real estate assets

-

-

-

248,004

-

-

-

-

-

-

-

-

Acquisitions of real estate assets

-

-

-

0

-

-

-

-

-

-

-

-

Proceeds from sales of real estate assets

-

-

-

189,489

-

-

-

-

-

-

-

-

Net proceeds from disposal of investments

-

-

-

-10,299

-

-

-

-

-

-

-

-

Proceeds from insurance

-

-

-

0

-

-

-

-

-

-

-

-

Additions to mortgage and other notes receivable

-

-

-

3,259

-

-

-

-

-

-

-

-

Payments received on mortgage and other notes receivable

-

-

-

1,069

-

-

-

-

-

-

-

-

Additional investments in and advances to unconsolidated affiliates

-

-

-

28,510

-

-

-

-

-

-

-

-

Distributions in excess of equity in earnings of unconsolidated affiliates

-

-

-

95,958

-

-

-

-

-

-

-

-

Changes in other assets

-

-

-

7,054

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

-

-

-

9,988

-

-

-

-

-

-

-

-

Proceeds from mortgage and other indebtedness

-

-

-

1,174,409

-

-

-

-

-

-

-

-

Principal payments on mortgage notes payable

-

-

-

1,377,739

-

-

-

-

-

-

-

-

Additions to deferred financing costs

-

-

-

8,345

-

-

-

-

-

-

-

-

Prepayment fees on extinguishment of debt

-

-

-

0

-

-

-

-

-

-

-

-

Redemptions of common units

-

-

-

11,754

-

-

-

-

-

-

-

-

Proceeds from issuances of common stock/units

-

-

-

179

-

-

-

-

-

-

-

-

Contributions from noncontrolling interests

-

-

-

11,240

-

-

-

-

-

-

-

-

Payment of tax withholdings for restricted stock awards

-

-

-

0

-

-

-

-

-

-

-

-

Distributions to noncontrolling interests

-

-

-

14,807

-

-

-

-

-

-

-

-

Dividends paid to holders of preferred stock/Distributions to preferred unitholders

-

-

-

44,892

-

-

-

-

-

-

-

-

Dividends paid to common shareholders/Distributions to common unitholders

-

-

-

213,366

-

-

-

-

-

-

-

-

Net cash used in financing activities

-

-

-

-485,075

-

-

-

-

-

-

-

-

NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH

-

-

-

-6,510

-

-

-

-

-

-

-

-