← CBL & ASSOCIATES PROPERTIES INC

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — ($99.5m) $3.2m $57.1m $134.5m
Net Income (Loss) Attributable to Parent $172.9m $120.9m ($78.6m) ($108.8m) ($295.1m) ($470.6m) ($93.5m) $6.5m $59.0m $136.0m
Net Income (Loss) Available to Common Stockholders, Basic $128.0m $76.0m ($123.5m) ($153.7m) ($332.5m) ($470.6m) ($96.0m) $5.4m $57.8m $133.9m
Gain (Loss) on Disposition of Real Estate, Discontinued Operations — — — $8.2m — — — — — —
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $195.5m $159.0m ($99.2m) ($131.7m) ($335.5m) ($486.4m) ($99.5m) $3.2m $57.1m $134.5m
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $195.5m $157.0m — ($131.7m) ($335.5m) ($486.4m) ($99.5m) $3.2m — —
Net Income (Loss) Attributable to Noncontrolling Interest — — — $739k ($20.7m) ($13.3m) ($6.0m) — — —
Depreciation, Depletion and Amortization $292.7m $299.1m $285.4m $257.7m $215.0m $158.6m $256.3m $190.5m $140.6m $165.2m
Amortization of Debt Issuance Costs $5.0m $5.9m $6.1m $7.0m $5.5m $814k $2.7m $4.6m $4.6m $4.1m
Amortization of Debt Issuance Costs and Discounts — — — $8.3m $8.8m $1.9m $117.5m $23.8m $10.5m $29.5m
Amortization of Intangible Assets $8.7m $13.3m $13.3m $4.5m $1.5m $1.2m $152.2m $106.0m $67.0m $81.9m
Amortization Cash Flow — — — — — — $20.8m $21.4m $15.7m $14.6m
Amortization Of Intangibles — — — — — — $20.8m $21.4m $15.7m $14.6m
Depreciation Amortization Depletion — — — — — — $277.1m $211.9m $156.3m $179.8m
Deferred Income Tax Expense (Benefit) ($907k) $4.5m ($2.9m) $2.7m $14.6m — $1.1m ($1.3m) ($1.6m) $11k
Deferred Income Tax — — — — — — $1.1m ($1.3m) ($1.6m) $11k
Deferred Tax — — — — — — $1.1m ($1.3m) ($1.6m) $11k
Share-based Payment Arrangement, Noncash Expense — — — $4.8m $5.8m $1.2m $11.9m $13.0m $14.9m $16.7m
Payment, Tax Withholding, Share-based Payment Arrangement — — — $133k $87k $11k $1.7m $3.2m $3.0m $5.8m
Share-based Payment Arrangement, Expense $4.7m $3.9m $3.7m $3.4m — — — — — —
Equity Method Investment, Other than Temporary Impairment — $0 — $0 — — — — — —
Asset Impairment Charge — — — — — — $1.1m $39k $1.7m $3.2m
Income (Loss) from Equity Method Investments $117.5m $22.9m $14.7m $4.9m ($14.9m) ($10.8m) $19.8m $11.9m $22.9m $53.3m
Gain (Loss) on Extinguishment of Debt — $30.9m — $71.7m $32.5m — $7.3m $3.3m ($819k) ($217k)
Income Tax Expense (Benefit) ($2.1m) ($1.9m) ($1.6m) $3.2m $16.8m $1.1m $3.1m $894k $1.1m $475k
Interest Expense Nonoperating — — — — — — — — $154.5m $176.0m
Operating Lease, Lease Income — — — $736.9m $554.1m $450.9m $542.2m $514.0m $493.9m $559.0m
Earnings (Loss)es From Equity Investments — — — — — — ($19.8m) ($11.9m) ($22.9m) ($53.3m)
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Other Operating Assets — — — $63k $10.1m ($368k) $355k ($1.2m) ($15.0m) ($7.8m)
Payments of Financing Costs — — — $15.5m $590k $1.7m $18.8m $693k $273k $5.0m
Deconsolidation, Gain (Loss), Amount — — — $67.2m — — — — — —
Gain (Loss) on Investments $7.5m ($6.2m) — $67.2m — $55.1m $36.2m $47.9m — $33.9m
Gain (Loss) Related to Litigation Settlement — — — $61.8m ($7.9m) ($932k) $304k $2.3m $553k $0
General and Administrative Expense $63.3m $58.5m $61.5m $64.2m $53.4m $43.2m $67.2m $64.1m $67.3m $69.0m
Nonoperating Income (Expense) — — — ($46.5m) ($224.7m) ($450.1m) ($146.5m) ($92.5m) ($74.3m) ($2.0m)
Proceeds from Contributions from Affiliates — — — $4.7m $692k $298k $589k $117k $13k $2.0m
Real Estate Tax Expense — — — $75.5m $69.7m $50.8m $57.1m $54.8m $47.4m $57.5m
Beginning Cash Position — — — — — — $236.2m $141.9m $123.1m $153.8m
Cash Flow From Continuing Financing Activities — — — — — — ($145.8m) ($204.1m) ($236.5m) ($135.4m)
Cash Flow From Continuing Investing Activities — — — — — — ($156.7m) $1.7m $65.0m ($115.1m)
Change In Other Current Assets — — — — — — ($355k) $1.2m $15.0m $7.8m
Change In Payables And Accrued Expense — — — — — — ($40.2m) ($16.8m) ($8.5m) ($6.3m)
Change In Receivables — — — — — — ($10.5m) ($3.8m) ($2.4m) ($1.9m)
Change In Working Capital — — — — — — ($51.0m) ($19.3m) $4.1m ($413k)
Changes In Cash — — — — — — ($94.2m) ($18.9m) $30.7m ($852k)
End Cash Position — — — — — — $141.9m $123.1m $153.8m $153.0m
Financing Cash Flow — — — — — — ($145.8m) ($204.1m) ($236.5m) ($135.4m)
Free Cash Flow — — — — — — $208.2m $183.5m $202.2m $249.7m
Gain Loss On Investment Securities — — — — — — ($5.3m) ($5.1m) ($16.7m) ($74.2m)
Gain Loss On Sale Of Business — — — — — — ($36.2m) ($47.9m) $0 ($33.9m)
Investing Cash Flow — — — — — — ($156.7m) $1.7m $65.0m ($115.1m)
Net Business Purchase And Sale — — — — — — ($3.3m) ($10.9m) ($9.5m) ($4.4m)
Operating Gains Losses — — — — — — ($68.7m) ($68.1m) ($38.8m) ($161.1m)
Other Non Cash Items — — — — — — $112.3m $25.6m ($12.1m) $32.6m
Repurchase Of Capital Stock — — — — — — $0 ($1.1m) ($36.5m) ($18.1m)
Stock Based Compensation — — — — — — $11.9m $13.0m $14.9m $16.7m
Net Cash Provided by (Used in) Operating Activities — — — $273.4m $133.4m $107.1m $208.2m $183.5m $202.2m $249.7m
Cash flows from investing activities:
Net Investment Properties Purchase And Sale — — — — — — ($35.2m) ($33.0m) $43.3m ($68.9m)
Net Investment Purchase And Sale — — — — — — ($140.3m) $42.8m $18.8m ($50.9m)
Purchase Of Investment — — — — — — ($741.0m) ($312.8m) ($360.8m) ($416.2m)
Purchase Of Investment Properties — — — — — — ($44.8m) ($42.9m) ($36.2m) ($237.8m)
Gains (Losses) on Sales of Investment Real Estate $29.6m $93.8m $19.0m $16.3m $4.7m $12.2m $5.3m $5.1m — —
Sale Of Investment — — — — — — $600.7m $355.5m $379.6m $365.3m
Sale Of Investment Properties — — — — — — $9.6m $9.8m $79.4m $168.9m
Payments for (Proceeds from) Other Investing Activities — — — $3.0m $1.3m $4.5m $4.2m $2.7m $2.5m $2.3m
Net Other Investing Changes — — — — — — ($3.4m) ($2.4m) $7.4m ($1.9m)
Net Cash Provided by (Used in) Investing Activities — — — $24.6m ($280.4m) $247.5m ($156.7m) $1.7m $65.0m ($115.1m)
Cash flows from financing activities:
Issuance Of Debt — — — — — — $425.0m $0 $0 $188.0m
Long Term Debt Issuance — — — — — — $425.0m $0 $0 $188.0m
Net Issuance Payments Of Debt — — — — — — ($99.2m) ($79.0m) ($146.3m) ($31.3m)
Net Long Term Debt Issuance — — — — — — ($99.2m) ($79.0m) ($146.3m) ($31.3m)
Repayments of Long-term Debt — $427.2m $17.3m — — — — — — —
Long Term Debt Payments — — — — — — ($524.2m) ($79.0m) ($146.3m) ($219.3m)
Repayment Of Debt — — — — — — ($524.2m) ($79.0m) ($146.3m) ($219.3m)
Proceeds from Issuance of Common Stock — — — $40k $5k — — — — —
Net Common Stock Issuance — — — — — — $0 ($1.1m) ($36.5m) ($18.1m)
Payments for Repurchase of Common Stock — — — — — — — $1.1m $36.5m $18.1m
Payments of Ordinary Dividends, Common Stock — — — $26 — — $24 $118 $50 $77
Common Stock Payments — — — — — — $0 ($1.1m) ($36.5m) ($18.1m)
Dividends Payable $45 $34 $34 — — — — — — —
Cash Dividends Paid — — — — — — ($23.9m) ($118.1m) ($50.4m) ($77.1m)
Common Stock Dividend Paid — — — — — — ($23.9m) ($118.1m) ($50.4m) ($77.1m)
Dividend Received CFO — — — — — — $23.9m $18.4m $20.7m $44.3m
Dividends Received CFI — — — — — — $25.5m $5.3m $5.1m $11.1m
Net Other Financing Charges — — — — — — ($22.8m) ($5.9m) ($3.4m) ($9.0m)
Net Cash Provided by (Used in) Financing Activities — — — ($296.4m) $209.7m ($146.0m) ($145.8m) ($204.1m) ($236.5m) ($135.4m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — $1.5m $62.7m $208.6m ($94.2m) ($18.9m) $30.7m ($852k)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — $59.1m $121.7m $330.3m $141.9m $123.1m $153.8m $153.0m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($94.2m) ($18.9m) $30.7m ($852k)
Interest Paid, Excluding Capitalized Interest, Operating Activities $209.6m $220.1m $205.0m $198.3m $125.4m $43.2m $124.1m $136.1m $131.3m $136.1m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.