CBL & Associates Properties (CBL) financial statements
CBL & Associates Properties reported revenue of $578M in fiscal 2025, down 6.5% a year over 9 years.
Net income was $136M and the operating margin 23.6%, against 26.3% in 2015.
The diluted share count rose 17928% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from CBL & Associates Properties's 10-K filings with the SEC.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1B | $1.0B | $927M | $859M | $769M | $576M | $563M | $535M | $516M | $578M |
| Selling, general and admin | $62M | $63M | $58M | $62M | $64M | $53M | $67M | $64M | $67M | $69M |
| Operating income | $278M | $254M | $233M | $84M | -$85M | -$111M | $47M | $96M | $131M | $137M |
| Interest expense | $229M | $216M | $219M | $220M | $206M | $201M | $217M | $173M | $154M | $176M |
| Pre-tax income | — | — | $157M | — | — | — | — | — | — | — |
| Income tax | $3M | -$2M | -$2M | -$2M | $3M | $17M | $3M | $894,000 | $1M | $475,000 |
| Net income | $103M | $173M | $121M | -$79M | -$109M | -$295M | -$93M | $7M | $59M | $136M |
| EPS (diluted) | $0.34 | $0.75 | $0.44 | -$0.72 | -$0.89 | -$1.75 | -$3.20 | $0.17 | $1.87 | $4.34 |
| Diluted shares | — | — | 0M | 0M | 173M | 190M | 30M | 31M | 31M | 31M |
| Operating margin | 26.3% | 24.7% | 25.1% | 9.8% | -11.1% | -19.2% | 8.3% | 17.9% | 25.5% | 23.6% |
| Net margin | 9.8% | 16.8% | 13.0% | -9.2% | -14.2% | -51.2% | -16.6% | 1.2% | 11.4% | 23.5% |
Balance sheet
Fiscal years, from CBL & Associates Properties's 10-K filings with the SEC.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $37M | $19M | $33M | $25M | $33M | $62M | $45M | $34M | $41M | $42M |
| Total assets | $6.5B | $6.1B | $5.7B | $5.3B | $4.6B | $4.4B | $2.7B | $2.4B | $2.7B | $2.7B |
| Total liabilities | $5.1B | $4.7B | $4.5B | $4.3B | $3.8B | $3.9B | $2.3B | $2.1B | $2.4B | $2.4B |
| Shareholders' equity | $1.3B | $1.2B | $1.1B | $964M | $806M | $532M | $371M | $339M | $324M | $375M |
| Net debt | -$37M | -$19M | -$33M | -$25M | -$33M | -$62M | -$45M | -$34M | -$41M | -$40M |
Cash flow
Fiscal years, from CBL & Associates Properties's 10-K filings with the SEC.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | — | — | $430M | $377M | $273M | $133M | $208M | $184M | $202M | $250M |
| Capital spending | — | — | — | $145M | $142M | $42M | $43M | $42M | — | — |
| Free cash flow | — | — | — | $232M | $132M | $91M | $165M | $141M | — | — |
| Stock-based compensation | $4M | $5M | $6M | $5M | $5M | $6M | $12M | $13M | $15M | $17M |
| Dividends paid | — | — | $181M | $138M | $26M | — | $24M | $118M | $50M | $77M |
| Share buybacks (net) | — | — | — | — | — | — | — | -$1M | -$36M | -$18M |
| Net borrowing | — | -$292M | -$427M | -$17M | — | — | — | — | — | — |
| Free cash flow margin | — | — | — | 27.1% | 17.2% | 15.8% | 29.4% | 26.4% | — | — |
| Dividends per share | — | — | $1,059.69 | $798.98 | $0.15 | — | $0.79 | $3.77 | $1.63 | $2.50 |
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What was CBL & Associates Properties's revenue in 2025?
$578M in fiscal 2025, from its 10-K filing.
From CBL & Associates Properties's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.