| Address:
|
2030 HAMILTON PLACE BVLD, SUITE 500
CBL CENTER |
| City: |
CHATTANOOGA |
|
State: |
TN |
|
Zip Code: |
37421 |
| Telephone: |
423-855-0001 |
|
Description of Business
|
Primary SIC Code:
6798 |
| (As filed with the SEC)
|
|
|
CBL & Associates Properties, Inc. ("CBL") was organized on July 13, 1993, as a
Delaware corporation, to acquire substantially all of the real estate properties
owned by CBL & Associates, Inc., and its affiliates ("CBL's Predecessor"), which
was formed by Charles B. Lebovitz in 1978. On November 3, 1993, CBL completed an
initial public offering (the "Offering"). Simultaneous with the completion of
the Offering, CBL's Predecessor transferred substantially all of its interests
in its real estate properties to CBL & Associates Limited Partnership (the
"Operating Partnership") in exchange for common units of limited partner
interest in the Operating Partnership. The interests in the Operating
Partnership contain certain conversion rights that are more fully described in
Note 8 to the consolidated financial statements. The terms "we", "us", "our" and
the "Company" refer to CBL and its subsidiaries. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 06/2010 | -0.45 | 0.200 | N/E | | 03/2010 | -0.30 | 0.200 | N/E | | 12/2009 | -0.35 | 0.050 | N/E | | 09/2009 | 0.03 | 0.050 | 323.33 | | 06/2009 | 0.00 | 0.110 | N/E | | 03/2009 | 0.01 | 0.370 | 236.00 | | 12/2008 | 0.06 | 0.370 | 108.33 | | 09/2008 | 0.33 | 0.545 | 60.85 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2009 |
Leverage |
2009 |
| Net Inc/Comm Equity | -0.01 | Total Liab/Total Assets | 0.80 | | Net Inc/Total Assets | 0.00 | Total Liab/Inv Cap | 0.80 | | Net Inc/Inv Cap | 0.00 | Total Liab/Comm Equity | 4.40 | | Pretax Inc/Net Sales | 0.00 | Interest Coverage Ratio | 0.99 | | Net Inc/Net Sales | -0.01 | Curr Debt/Equity | NA | | Cash Flow/Net Sales | 0.40 | LTD/Equity | 5.02 | | SG&A/NetSales | 0.06 | Total Debt/Equity | 5.02 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 10.57 | Quick Ratio | NA | | Inventory Turnover | NA | Current Ratio | NA | | Inventory Day Sales | NA | Net Rec/Curr Assets | NA | | Net Sales/Work Cap | NA | Inv/Curr Assets | NA | | Net Sales/PP&E | 0.15 | | |
Income Statement (Millions) |
| |
6/30/2010
|
3/31/2010
|
12/31/2009
|
9/30/2009
|
|
Total Revenues(Net Sales)
|
262.15
|
266.18
|
289.14
|
262.77
|
|
Cost of Goods Sold
|
75.94
|
80.07
|
76.35
|
79.41
|
|
Selling & Admin Exps
|
16.74
|
17.78
|
16.84
|
16.52
|
|
Operating Income
|
73.38
|
96.32
|
-3.23
|
95.58
|
|
Interest Exp
|
73.34
|
73.46
|
78.20
|
71.12
|
|
Pretax Income
|
2.14
|
24.77
|
-78.06
|
27.24
|
|
Other Income
|
2.10
|
1.92
|
2.77
|
2.78
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
1.12
|
16.96
|
-52.34
|
16.59
|
|
Assets
|
6/30/2010
|
3/31/2010
|
12/31/2009
|
9/30/2009
|
|
Cash & Short Term Investments
|
60.65
|
50.22
|
48.06
|
63.50
|
|
Receivables - Total
|
120.53
|
114.50
|
119.54
|
126.88
|
|
Inventories - Total
|
NA
|
NA
|
NA
|
NA
|
|
Total Current Assets
|
NA
|
NA
|
NA
|
NA
|
|
Net Property, Plant & Equipment
|
6,987.86
|
7,045.94
|
7,095.04
|
7,267.82
|
|
Total Assets
|
7,656.98
|
7,667.94
|
7,729.11
|
7,933.68
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
290.35
|
248.32
|
248.33
|
288.21
|
|
Debt in Current Liabilities
|
NA
|
NA
|
NA
|
NA
|
|
Total Current Liabilities
|
NA
|
NA
|
NA
|
NA
|
|
Long-Term Debt
|
5,455.87
|
5,458.58
|
5,616.14
|
5,678.56
|
|
Total Liabilities
|
6,030.83
|
6,001.56
|
6,166.96
|
6,226.42
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
284.62
|
294.66
|
302.48
|
259.65
|
|
Preferred Stock
|
0.02
|
0.02
|
0.01
|
0.01
|
|
Common Stock
|
1.38
|
1.38
|
1.38
|
1.38
|
|
Retained Earnings
|
-335.17
|
-300.31
|
-283.64
|
-218.95
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
1,178.65
|
1,216.36
|
1,117.90
|
1,189.63
|
|
Total Liabilities and Stockholders' Equity
|
7,209.48
|
7,217.91
|
7,284.85
|
7,416.05
|
Cash Flow Summary (Millions) |
|
Categories
|
6/30/2010
|
3/31/2010
|
12/31/2009
|
9/30/2009
|
|
Net Cash Provided by Operating Activities
|
93.51
|
88.41
|
133.79
|
98.70
|
|
Net Cash Provided by Investing Activities
|
-23.44
|
-19.66
|
-36.61
|
-36.79
|
|
Net Cash Provided by Financing Activities
|
-59.64
|
-66.60
|
-112.62
|
-50.83
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2005 | 907.46 | 162.48 | 2.03 | | 12/2006 | 1,002.14 | 117.50 | 1.16 | | 12/2007 | 1,040.63 | 89.15 | 0.79 | | 12/2008 | 1,138.22 | 31.59 | 0.06 | | 12/2009 | 1,089.49 | -14.99 | -0.35 | | Growth Rates | 4.68 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 06/30/10 | 205 | 130,956 | 94.84 |
|
Report Date :
8/30/2010
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