2013 Q2 Form 10-Q Financial Statement

#000091061213000040 Filed on August 08, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $255.6M $244.5M
YoY Change 4.53% -5.24%
Cost Of Revenue $68.30M $66.20M
YoY Change 3.17% -8.31%
Gross Profit $187.3M $170.7M
YoY Change 9.72% -8.62%
Gross Profit Margin 73.28% 69.81%
Selling, General & Admin $12.90M $12.00M
YoY Change 7.5% 7.14%
% of Gross Profit 6.89% 7.03%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $68.12M $67.16M
YoY Change 1.43% -6.52%
% of Gross Profit 36.37% 39.34%
Operating Expenses $178.5M $157.4M
YoY Change 13.38% -4.74%
Operating Profit $77.08M $92.23M
YoY Change -16.43% -3.97%
Interest Expense $57.21M $61.40M
YoY Change -6.83% -13.42%
% of Operating Profit 74.22% 66.57%
Other Income/Expense, Net
YoY Change
Pretax Income $17.00M $33.20M
YoY Change -48.8% 14.09%
Income Tax $757.0K $267.0K
% Of Pretax Income 4.45% 0.8%
Net Earnings $11.72M $29.39M
YoY Change -60.11% 44.24%
Net Earnings / Revenue 4.59% 12.02%
Basic Earnings Per Share $0.00 $0.12
Diluted Earnings Per Share $0.00 $0.12
COMMON SHARES
Basic Shares Outstanding 166.6M shares 150.9M shares
Diluted Shares Outstanding 166.6M shares 151.0M shares

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $64.40M $71.50M
YoY Change -9.93% 49.27%
Cash & Equivalents $64.43M $71.54M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $78.80M $71.50M
Other Receivables $30.00M $8.200M
Total Short-Term Assets $173.2M $151.2M
YoY Change 14.55% 13.86%
LONG-TERM ASSETS
Property, Plant & Equipment $6.296B $6.175B
YoY Change 1.97% -9.59%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $282.4M $304.7M
YoY Change -7.31% 68.88%
Other Assets $0.00 $0.00
YoY Change
Total Long-Term Assets $6.861B $6.762B
YoY Change 1.46% -7.53%
TOTAL ASSETS
Total Short-Term Assets $173.2M $151.2M
Total Long-Term Assets $6.861B $6.762B
Total Assets $7.035B $6.914B
YoY Change 1.75% -7.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $327.4M $323.5M
YoY Change 1.21% 10.33%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $327.4M $323.5M
YoY Change 1.21% 10.33%
LONG-TERM LIABILITIES
Long-Term Debt $4.622B $4.693B
YoY Change -1.51% -9.64%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $4.622B $4.693B
YoY Change -1.51% -9.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $327.4M $323.5M
Total Long-Term Liabilities $4.622B $4.693B
Total Liabilities $4.950B $5.017B
YoY Change -1.33% -18.57%
SHAREHOLDERS EQUITY
Retained Earnings -$510.8M -$432.9M
YoY Change 17.98%
Common Stock $1.699M $1.586M
YoY Change 7.12%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.455B $1.271B
YoY Change
Total Liabilities & Shareholders Equity $7.035B $6.914B
YoY Change 1.75% -7.15%

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income $11.72M $29.39M
YoY Change -60.11% 44.24%
Depreciation, Depletion And Amortization $68.12M $67.16M
YoY Change 1.43% -6.52%
Cash From Operating Activities $122.2M $128.0M
YoY Change -4.53% 7.74%
INVESTING ACTIVITIES
Capital Expenditures -$131.2M -$107.4M
YoY Change 22.16% 123.75%
Acquisitions
YoY Change
Other Investing Activities -$17.70M -$8.800M
YoY Change 101.14% -53.68%
Cash From Investing Activities -$148.9M -$116.2M
YoY Change 28.14% 73.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 24.60M -1.800M
YoY Change -1466.67% -96.62%
NET CHANGE
Cash From Operating Activities 122.2M 128.0M
Cash From Investing Activities -148.9M -116.2M
Cash From Financing Activities 24.60M -1.800M
Net Change In Cash -2.100M 10.00M
YoY Change -121.0% -814.29%
FREE CASH FLOW
Cash From Operating Activities $122.2M $128.0M
Capital Expenditures -$131.2M -$107.4M
Free Cash Flow $253.4M $235.4M
YoY Change 7.65% 41.13%

Facts In Submission

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us-gaap Current State And Local Tax Expense Benefit
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1270000 USD
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2503000 USD
us-gaap Amortization Of Financing Costs And Discounts
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3787000 USD
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2000 shares
us-gaap Asset Impairment Charges
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585000 USD
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CY2013Q2 us-gaap Assets
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7034643000 USD
CY2012Q2 us-gaap Assets
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16304000 USD
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15318000 USD
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us-gaap Available For Sale Securities Gross Realized Gain Loss Net
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0 USD
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12361000 USD
CY2012 us-gaap Available For Sale Securities Gross Unrealized Loss
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0 USD
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2028-10-01
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56092000 USD
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us-gaap Cash And Cash Equivalents Period Increase Decrease
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15445000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
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13772000 USD
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1594000 USD
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774000 USD
us-gaap Current Federal Tax Expense Benefit
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0.44
us-gaap Common Stock Dividends Per Share Declared
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0.23
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0.01
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350000000 shares
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169906529 shares
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161309652 shares
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1613000 USD
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us-gaap Comprehensive Income Net Of Tax
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56161000 USD
us-gaap Comprehensive Income Net Of Tax
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42906000 USD
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76882000 USD
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18229000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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59154000 USD
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38529000 USD
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2475000 USD
us-gaap Cost Of Property Repairs And Maintenance
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25791000 USD
us-gaap Cost Of Property Repairs And Maintenance
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28463000 USD
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1556000 USD
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4745683000 USD
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0 USD
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0.070
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2015-05-31
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11767000 USD
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us-gaap Deferred Federal Income Tax Expense Benefit
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us-gaap Deferred Income Tax Expense Benefit
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2316000 USD
us-gaap Deferred Income Tax Expense Benefit
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1824000 USD
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6607000 USD
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us-gaap Depreciation
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us-gaap Depreciation And Amortization
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131399000 USD
us-gaap Depreciation And Amortization
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142177000 USD
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70515000 USD
CY2012Q2 us-gaap Depreciation Depletion And Amortization
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67156000 USD
us-gaap Depreciation Depletion And Amortization
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142070000 USD
us-gaap Depreciation Depletion And Amortization
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129414000 USD
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1
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1
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Interest Expense
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4
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4
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35491000 USD
us-gaap Direct Costs Of Leased And Rented Property Or Equipment
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72356000 USD
us-gaap Direct Costs Of Leased And Rented Property Or Equipment
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76176000 USD
CY2013Q2 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
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35098000 USD
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36101000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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57879000 USD
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18113000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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70635000 USD
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91000 USD
us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
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872000 USD
us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
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895000 USD
CY2012 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
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895000 USD
us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
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us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
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35000 USD
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us-gaap Disposal Group Including Discontinued Operation Revenue
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450000 USD
CY2012Q2 us-gaap Disposal Group Including Discontinued Operation Revenue
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us-gaap Disposal Group Including Discontinued Operation Revenue
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us-gaap Dividends Common Stock
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47546000 USD
CY2012Q2 us-gaap Dividends Payable Current And Noncurrent
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43547000 USD
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us-gaap Dividends Preferred Stock
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22446000 USD
CY2013Q2 us-gaap Dividends Preferred Stock
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11223000 USD
us-gaap Dividends Preferred Stock
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21188000 USD
CY2013Q1 us-gaap Dividends Preferred Stock
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22446000 USD
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0.00
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us-gaap Earnings Per Share Basic
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0.12
us-gaap Earnings Per Share Basic
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0.23
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0.12
us-gaap Earnings Per Share Diluted
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0.23
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0.00
CY2012Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
us-gaap Income Loss From Continuing Operations Per Basic Share
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0.20
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0.11
us-gaap Income Loss From Continuing Operations Per Basic Share
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0.12
CY2013Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
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0.00
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
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CY2013Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
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0.00
CY2012Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.11
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.12
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.00
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us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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105000 USD
CY2013Q2 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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55000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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51000 USD
CY2013Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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5905000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P3Y11M
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7314000 USD
us-gaap Equity Method Investment Dividends Or Distributions
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7911000 USD
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CY2012Q4 us-gaap Equity Method Investment Summarized Financial Information Assets
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1847672000 USD
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373462000 USD
CY2012Q4 us-gaap Equity Method Investment Summarized Financial Information Equity
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342512000 USD
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196694000 USD
CY2013Q2 us-gaap Equity Method Investment Summarized Financial Information Equity Or Capital
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218639000 USD
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1505160000 USD
CY2013Q2 us-gaap Equity Method Investment Summarized Financial Information Liabilities
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1496037000 USD
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1847672000 USD
CY2013Q2 us-gaap Equity Method Investment Summarized Financial Information Liabilities And Equity
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1869499000 USD
CY2012Q4 us-gaap Equity Method Investment Summarized Financial Information Minority Interest
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145818000 USD
CY2013Q2 us-gaap Equity Method Investment Summarized Financial Information Minority Interest
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154823000 USD
us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
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8244000 USD
us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
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4225000 USD
CY2013Q2 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
4754000 USD
CY2012Q2 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
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2755000 USD
us-gaap Equity Method Investment Summarized Financial Information Revenue
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124499000 USD
us-gaap Equity Method Investment Summarized Financial Information Revenue
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120743000 USD
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EquityMethodInvestmentSummarizedFinancialInformationRevenue
60024000 USD
CY2012Q2 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
62205000 USD
CY2012Q4 us-gaap Equity Method Investments
EquityMethodInvestments
259810000 USD
CY2013Q2 us-gaap Equity Method Investments
EquityMethodInvestments
282389000 USD
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0.00
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0.01
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.03
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77099000 USD
us-gaap Extinguishment Of Debt Gain Loss Net Of Tax
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0 USD
us-gaap Extinguishment Of Debt Gain Loss Net Of Tax
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9108000 USD
CY2012Q2 us-gaap Gain Loss On Investments
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0 USD
CY2013Q2 us-gaap Gain Loss On Investments
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2400000 USD
us-gaap Gain Loss On Investments
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0 USD
us-gaap Gain Loss On Investments
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2400000 USD
us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
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0 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
1000000 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
94000 USD
CY2013Q2 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
457000 USD
us-gaap Gains Losses On Sales Of Other Real Estate
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1000000 USD
us-gaap Gains Losses On Sales Of Other Real Estate
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3130000 USD
us-gaap General And Administrative Expense
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25793000 USD
CY2013Q2 us-gaap General And Administrative Expense
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12875000 USD
CY2012Q2 us-gaap General And Administrative Expense
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11993000 USD
us-gaap General And Administrative Expense
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26299000 USD
CY2012Q2 us-gaap Impairment Of Real Estate
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0 USD
us-gaap Impairment Of Real Estate
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21038000 USD
CY2013Q2 us-gaap Impairment Of Real Estate
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21038000 USD
us-gaap Impairment Of Real Estate
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0 USD
CY2012Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.01
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.00
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.03
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IncomeLossFromEquityMethodInvestments
2073000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5348000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3339000 USD
CY2013Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2729000 USD
CY2013Q2 us-gaap Income Tax Expense Benefit
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757000 USD
CY2012Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
267000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
583000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
39000 USD
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us-gaap Increase Decrease In Accounts And Other Receivables
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5796000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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-45408000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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-5207000 USD
us-gaap Increase Decrease In Other Operating Assets
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-2923000 USD
us-gaap Increase Decrease In Other Operating Assets
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-5173000 USD
us-gaap Increase Decrease In Restricted Cash
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528000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
1270000 USD
us-gaap Interest And Other Income
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2370000 USD
CY2013Q2 us-gaap Interest And Other Income
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661000 USD
CY2012Q2 us-gaap Interest And Other Income
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1295000 USD
us-gaap Interest And Other Income
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1388000 USD
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61400000 USD
us-gaap Interest Expense
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117033000 USD
CY2013Q2 us-gaap Interest Expense
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57205000 USD
us-gaap Interest Expense
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121231000 USD
us-gaap Interest Paid Net
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115507000 USD
us-gaap Interest Paid Net
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us-gaap Share Based Compensation
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us-gaap Stock Issued During Period Shares New Issues
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CY2013Q1 us-gaap Temporary Equity Accretion To Redemption Value
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us-gaap Temporary Equity Accretion To Redemption Value
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us-gaap Tenant Reimbursements
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2012Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2013Q1 dei Amendment Flag
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false
CY2013Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
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CY2013Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
CY2013Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013Q1 dei Document Period End Date
DocumentPeriodEndDate
2013-06-30
CY2013Q1 dei Document Type
DocumentType
10-Q
CY2013Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000910612
CY2013Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
169905872 shares
CY2013Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2012Q2 dei Entity Public Float
EntityPublicFloat
2972322352 USD
CY2013Q1 dei Entity Registrant Name
EntityRegistrantName
CBL & ASSOCIATES PROPERTIES INC
CY2013Q1 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013Q1 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes

Files In Submission

Name View Source Status
0000910612-13-000040-index-headers.html Edgar Link pending
0000910612-13-000040-index.html Edgar Link pending
0000910612-13-000040.txt Edgar Link pending
0000910612-13-000040-xbrl.zip Edgar Link pending
cbl-20130630.xml Edgar Link completed
cbl-20130630.xsd Edgar Link pending
cbl-20130630_cal.xml Edgar Link unprocessable
cbl-20130630_def.xml Edgar Link unprocessable
cbl-20130630_lab.xml Edgar Link unprocessable
cbl-20130630_pre.xml Edgar Link unprocessable
cbl-6302013x10q.htm Edgar Link pending
exhibit-12x6302013.htm Edgar Link pending
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