2014 Q2 Form 10-Q Financial Statement

#000091061214000042 Filed on August 11, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $256.9M $255.6M
YoY Change 0.53% 4.53%
Cost Of Revenue $70.20M $68.30M
YoY Change 2.78% 3.17%
Gross Profit $186.7M $187.3M
YoY Change -0.32% 9.72%
Gross Profit Margin 72.66% 73.28%
Selling, General & Admin $11.30M $12.90M
YoY Change -12.4% 7.5%
% of Gross Profit 6.05% 6.89%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $70.61M $68.12M
YoY Change 3.66% 1.43%
% of Gross Profit 37.82% 36.37%
Operating Expenses $159.7M $178.5M
YoY Change -10.54% 13.38%
Operating Profit $97.25M $77.08M
YoY Change 26.17% -16.43%
Interest Expense $59.28M $57.21M
YoY Change 3.61% -6.83%
% of Operating Profit 60.95% 74.22%
Other Income/Expense, Net
YoY Change
Pretax Income $44.90M $17.00M
YoY Change 164.12% -48.8%
Income Tax $786.0K $757.0K
% Of Pretax Income 1.75% 4.45%
Net Earnings $37.96M $11.72M
YoY Change 223.76% -60.11%
Net Earnings / Revenue 14.77% 4.59%
Basic Earnings Per Share $0.16 $0.00
Diluted Earnings Per Share $0.16 $0.00
COMMON SHARES
Basic Shares Outstanding 170.3M shares 166.6M shares
Diluted Shares Outstanding 170.3M shares 166.6M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $63.50M $64.40M
YoY Change -1.4% -9.93%
Cash & Equivalents $63.48M $64.43M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $76.50M $78.80M
Other Receivables $22.10M $30.00M
Total Short-Term Assets $162.1M $173.2M
YoY Change -6.41% 14.55%
LONG-TERM ASSETS
Property, Plant & Equipment $5.998B $6.296B
YoY Change -4.73% 1.97%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $271.9M $282.4M
YoY Change -3.73% -7.31%
Other Assets $0.00
YoY Change
Total Long-Term Assets $6.539B $6.861B
YoY Change -4.69% 1.46%
TOTAL ASSETS
Total Short-Term Assets $162.1M $173.2M
Total Long-Term Assets $6.539B $6.861B
Total Assets $6.702B $7.035B
YoY Change -4.74% 1.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $315.3M $327.4M
YoY Change -3.7% 1.21%
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 $315.3M $327.4M
YoY Change -3.7% 1.21%
LONG-TERM LIABILITIES
Long-Term Debt $4.811B $4.622B
YoY Change 4.08% -1.51%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $4.811B $4.622B
YoY Change 4.08% -1.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $315.3M $327.4M
Total Long-Term Liabilities $4.811B $4.622B
Total Liabilities $5.126B $4.950B
YoY Change 3.56% -1.33%
SHAREHOLDERS EQUITY
Retained Earnings -$583.4M -$510.8M
YoY Change 14.22% 17.98%
Common Stock $1.703M $1.699M
YoY Change 0.24% 7.12%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.390B $1.455B
YoY Change
Total Liabilities & Shareholders Equity $6.702B $7.035B
YoY Change -4.74% 1.75%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $37.96M $11.72M
YoY Change 223.76% -60.11%
Depreciation, Depletion And Amortization $70.61M $68.12M
YoY Change 3.66% 1.43%
Cash From Operating Activities $119.2M $122.2M
YoY Change -2.45% -4.53%
INVESTING ACTIVITIES
Capital Expenditures -$61.40M -$131.2M
YoY Change -53.2% 22.16%
Acquisitions
YoY Change
Other Investing Activities $7.000M -$17.70M
YoY Change -139.55% 101.14%
Cash From Investing Activities -$54.40M -$148.9M
YoY Change -63.47% 28.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -57.50M 24.60M
YoY Change -333.74% -1466.67%
NET CHANGE
Cash From Operating Activities 119.2M 122.2M
Cash From Investing Activities -54.40M -148.9M
Cash From Financing Activities -57.50M 24.60M
Net Change In Cash 7.300M -2.100M
YoY Change -447.62% -121.0%
FREE CASH FLOW
Cash From Operating Activities $119.2M $122.2M
Capital Expenditures -$61.40M -$131.2M
Free Cash Flow $180.6M $253.4M
YoY Change -28.73% 7.65%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2013Q1 cbl Accumulated Other Comprehensive Income Loss Net Of Tax Including Portion Attributable To Noncontrolling And Redeemable Noncontrolling Interests
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cbl Amortization Of Deferred Compensation
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CY2013Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
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CY2014Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
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us-gaap Temporary Equity Accretion To Redemption Value
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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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dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000910612
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
170262947 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
CBL & ASSOCIATES PROPERTIES INC

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