CBL & Associates Properties Inc. (CBL) Financial Statements (2024 and earlier)

Company Profile

Business Address 2030 HAMILTON PLACE BVLD, SUITE 500
CHATTANOOGA, TN 37421
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments34,18844,718169,55461,78132,816 
Cash and cash equivalents34,18844,718169,55461,78132,816 
Total current assets:34,18844,718169,55461,78132,816 
Noncurrent Assets
Operating lease, right-of-use asset   2,9703,3033,804
Property, plant and equipment585,191596,715599,283695,711730,218 
Long-term investments and receivables76,45877,295103,655279,355307,354 
Long-term investments76,45877,295103,655279,355307,354 
Intangible assets, net (including goodwill)157,639247,497384,705   
Intangible assets, net (excluding goodwill)157,639247,497384,705   
Deferred income tax assets     15,117
Total noncurrent assets:819,288921,5071,090,613978,3691,056,493 
Other undisclosed assets1,552,4291,712,0181,685,8123,403,5903,533,0375,340,853
TOTAL ASSETS:2,405,9052,678,2432,945,9794,443,7404,622,3465,340,853
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  70,419    
Total current liabilities:  70,419    
Noncurrent Liabilities
Other undisclosed liabilities2,075,2882,240,6952,544,8793,909,4433,758,321 
Total liabilities:2,075,2882,311,1142,544,8793,909,4433,758,321 
Temporary equity, carrying amount     2,160 
Equity
Equity, attributable to parent, including:339,321370,541396,199531,843806,312 
Common stock3232211,9661,741 
Additional paid in capital719,125710,497547,7261,986,2691,965,897 
Accumulated other comprehensive income (loss)610(1,054)(3)18  
Accumulated deficit(380,446)(338,934)(151,545)(1,456,435)(1,161,351) 
Other undisclosed equity, attributable to parent    2525 
Equity, attributable to noncontrolling interest(8,704)(3,412)4,9012,45455,553 
Total equity:330,617367,129401,100534,297861,865 
TOTAL LIABILITIES AND EQUITY:2,405,9052,678,2432,945,9794,443,7404,622,346 

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues535,286563,011 575,861768,696858,557
Operating leases, income statement, lease revenue829,113
Operating lease, lease income513,957542,247  736,878
Cost of revenue(375,334)(447,988) (84,061)(614,333) 
Cost of goods and services sold(90,996)(92,126) (84,061)(108,905) 
Gross profit:159,952115,023 491,800154,363858,557
Operating expenses(64,287)(68,049)(146,781) (239,612)(236,822)
Operating income (loss):95,66546,974(146,781)491,800(85,249)621,735
Nonoperating income61,07841,188 4,69670,006 
Investment income, nonoperating61,07841,188  70,006 
Gains on sales of other real estate    4,696  
Interest and debt expense3,2707,344 91,67971,722(220,038)
Income (loss) from continuing operations before equity method investments, income taxes:160,01395,506(146,781)588,17556,479401,697
Income from equity method investments      14,677
Income (loss) from continuing operations before income taxes:160,01395,506(146,781)588,17556,479416,374
Income tax benefit      1,551
Other undisclosed loss from continuing operations(156,809)(195,021) (923,704)(188,200) 
Income (loss) from continuing operations:3,204(99,515)(146,781)(335,529)(131,721)417,925
Income (loss) before gain (loss) on sale of properties:(146,781)(335,529)(131,721)417,925
Other undisclosed net loss      (517,154)
Net income (loss):3,204(99,515)(146,781)(335,529)(131,721)(99,229)
Net income (loss) attributable to noncontrolling interest(2)5,999 20,683(739) 
Other undisclosed net income attributable to parent3,34434 19,76223,68320,661
Net income (loss) attributable to parent:6,546(93,482)(146,781)(295,084)(108,777)(78,568)
Other undisclosed net loss available to common stockholders, basic(1,113)(2,537) (37,410)(44,892)(44,892)
Net income (loss) available to common stockholders, diluted:5,433(96,019)(146,781)(332,494)(153,669)(123,460)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):3,204(99,515)(146,781)(335,529)(131,721)(99,229)
Other comprehensive income (loss) (100,566) (335,511)  
Other undisclosed comprehensive income (loss)1,664     
Comprehensive income (loss):4,868(200,081)(146,781)(671,040)(131,721)(99,229)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  5,999 20,683(739) 
Other undisclosed comprehensive income, net of tax, attributable to parent3,34299,549 355,291  
Comprehensive income (loss), net of tax, attributable to parent:8,210(94,533)(146,781)(295,066)(132,460)(99,229)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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