CBL & ASSOCIATES PROPERTIES, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $578.4M | $515.6M | $536.9M | $534.0M | $523.1M | $548.0M | $723.3M | $828.9M |
| Rental Income | — | — | $526.7M | $517.8M | $511.6M | $535.4M | $699.6M | $803.9M |
| Management and Development Fees | — | — | $8.7M | $13.0M | $7.9M | $6.5M | $9.7M | $13.4M |
| Other | — | — | $1.5M | $3.2M | $3.6M | $6.1M | $14.0M | $11.5M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $69.0M | $67.3M | $64.1M | $67.2M | $43.2M | $53.4M | $64.2M | $61.5M |
| Operating Income | $136.6M | $131.4M | $97.3M | $18.0M | $18.8M | $-138.7M | $-130.7M | $54.0M |
| Operating Margin | 23.6% | 25.5% | 18.1% | 3.4% | 3.6% | -25.3% | -18.1% | 6.5% |
| Interest Expense | — | — | $172.9M | $217.3M | $72.4M | $200.7M | $206.3M | $220.0M |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | $475.0K | $1.1M | $894.0K | $3.1M | $3.1M | $16.8M | $3.2M | $-1.6M |
| Net Income | $136.0M | $59.0M | $6.5M | $-93.5M | $-470.6M | $-295.1M | $-108.8M | $-78.6M |
| Net Margin | 23.5% | 11.4% | 1.2% | -17.5% | -90.0% | -53.9% | -15.0% | -9.5% |
| EPS (Basic) | $4.41 | $1.87 | $0.17 | $-3.20 | $-0.02 | $-0.01 | $-0.01 | $0.00 |
| EPS (Diluted) | $4.34 | $1.87 | $0.17 | $-3.20 | $-0.02 | $-0.01 | $-0.01 | $0.00 |
| Shares Outstanding (Basic) | 30.3M | 30.9M | 31.3M | 30.0M | 30.1M | 29.1M | 26.64B | 26.42B |
| Shares Outstanding (Diluted) | 30.8M | 31.0M | 31.3M | 30.0M | 30.1M | 29.1M | 26.64B | 26.42B |
| Dividends Per Share | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 |