CBL & Associates Properties, Inc. (CBL)

CBL Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	67.71	58.97	6.55	-93.48	-639.14	-295.08
Depreciation & Amortization	164.01	156.26	211.93	277.11	212.08	214.46
Other Amortization	15.67	10.48	23.82	117.49	176.32	8.76
Gain (Loss) on Sale of Assets	-61.21	-43.4	-53	-41.6	-86.44	-4.7
Gain (Loss) on Sale of Investments	-	-	-	0.04	-	-
Asset Writedown	0.86	1.69	0.04	1.09	147.53	214.31
Restructuring Activities	-	-	-	-	256.43	25.29
Stock-Based Compensation	15.24	14.93	12.98	11.89	1.47	5.82
Income (Loss) on Equity Investments	-3.74	-2.27	6.57	4.11	28.63	24.95
Change in Accounts Receivable	6.33	-2.38	-3.75	-10.49	21.13	-75.11
Change in Accounts Payable	-15.98	-8.51	-16.79	-40.16	49.2	35.46
Change in Other Net Operating Assets	12.26	14.98	1.25	-0.36	1.49	-10.07
Other Operating Activities	-1.17	-2.68	-7.72	-12.94	-11.29	-60.05
Operating Cash Flow	203.16	202.22	183.52	208.23	164.11	133.37
Operating Cash Flow Growth	12.20%	10.19%	-11.87%	26.89%	23.05%	-51.22%
Acquisition of Real Estate Assets	-48.71	-36.19	-42.86	-44.83	-31.62	-53.45
Sale of Real Estate Assets	144.21	79.45	9.81	9.63	33.27	7.82
Net Sale / Acq. of Real Estate Assets	95.5	43.25	-33.05	-35.2	1.64	-45.64
Cash Acquisition	9.84	9.84	-	-	-	-
Investment in Marketable & Equity Securities	-13.23	14.37	37.13	-118.07	109.74	-235.58
Other Investing Activities	-2.45	-2.46	-2.38	-3.42	-2.91	-0.28
Investing Cash Flow	89.65	65.01	1.7	-156.69	108.48	-280.4
Long-Term Debt Issued	-	-	-	425	50.04	365.25
Long-Term Debt Repaid	-	-146.26	-79	-524.17	-205.97	-154.66
Net Debt Issued (Repaid)	-184.77	-146.26	-79	-99.17	-155.93	210.59
Issuance of Common Stock	-	-	-	-	-	0.01
Repurchase of Common Stock	-37.09	-39.49	-4.29	-1.74	-0.01	-0.09
Common Dividends Paid	-49.86	-50.36	-118.09	-23.87	-	-
Total Dividends Paid	-49.86	-50.36	-118.09	-23.87	-	-
Other Financing Activities	-0.46	-0.4	-2.7	-21.01	-2.17	-0.82
Miscellaneous Cash Flow Adjustments	-	-	-	-	-	0.01
Net Cash Flow	-4.11	30.73	-18.87	-94.25	114.48	62.66
Cash Interest Paid	131.35	131.33	136.15	124.15	54.77	125.37
Levered Free Cash Flow	173.17	120.96	81.23	229.52	542.35	63.84
Unlevered Free Cash Flow	256.82	207.04	165.47	247.87	533.48	180.49
Change in Net Working Capital	0.52	46.73	117.79	70.45	-240.38	113.89

Updated May 5, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

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