Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data CBL & ASSOCIATES PROPERTIES INC files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2015
FY2016
FY2017
FY2018
FY2019
FY2020
FY2022
FY2023
FY2024
FY2025
Revenue
1,055
1,028
927
859
769
576
563
535
516
578
General and administrative
62.1
63.3
58.5
61.5
64.2
53.4
67.2
64.1
67.3
69
Operating income
278
254
233
Interest expense
229
216
219
220
206
201
217
173
154
176
Other non-operating income
-73.6
-183
-46.5
-225
-146
-92.5
-74.3
-2.05
Pre-tax income
157
Income tax
2.94
-2.06
-1.93
-1.55
3.15
16.8
3.08
0.89
1.06
0.48
Net income to minority interests
25.4
-0.97
0.74
-20.7
-6
Net income
103
173
121
-78.6
-109
-295
-93.5
6.55
59
136
EBITDA
577
546
532
EPS, basic
0.34
0.75
0.44
-0.72
-0.89
-1.75
-3.20
0.17
1.87
4.41
EPS, diluted
0.34
0.75
0.44
-0.72
-0.89
-1.75
-3.20
0.17
1.87
4.34
Shares, basic (weighted)
0.17
0.17
0.17
0.19
30
31.3
30.9
30.3
Shares, diluted (weighted)
0.17
0.17
0.17
0.19
30
31.3
31
30.8
Dividend per share
995.00
0.68
0.08
0.00
Balance sheet
FY2015
FY2016
FY2017
FY2018
FY2019
FY2020
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
36.9
19
32.6
25.1
32.8
61.8
44.7
34.2
40.8
42.3
Lease right-of-use assets
4.16
3.8
3.3
Total assets
6,480
6,105
5,705
5,341
4,622
4,444
2,678
2,406
2,747
2,729
Short-term debt
2.24
Total liabilities
5,055
4,746
4,459
4,305
3,758
3,909
2,311
2,075
2,434
2,364
Total debt
4,711
4,465
4,231
4,043
3,527
1,185
2,000
1,889
2,213
2,171
Paid-in capital
1,970
1,969
1,975
1,968
1,966
1,986
710
719
695
687
Retained earnings
-689
-742
-836
-1,006
-1,161
-1,456
-339
-380
-372
-313
Other comprehensive income
1.94
0.02
-1.05
0.61
0.78
0.44
Shareholders' equity
1,285
1,229
1,140
964
806
532
371
339
324
375
Minority interests
115
112
96.5
68
55.6
2.45
-3.41
-8.7
-10.7
-10.3
Total equity
1,400
1,341
1,236
1,032
862
534
367
331
313
365
Total liabilities and equity
6,480
6,105
5,705
5,341
4,622
4,444
2,678
2,406
2,747
2,729
Shares outstanding
170
171
171
173
174
197
31.8
32
30.7
30.3
Cash flow statement
FY2015
FY2016
FY2017
FY2018
FY2019
FY2020
FY2022
FY2023
FY2024
FY2025
Net income
119
196
159
-99.2
-132
-336
-99.5
3.2
57.1
135
Depreciation and amortization
299
293
299
285
258
215
256
191
141
165
Stock-based compensation
4.29
4.68
5.79
5.39
4.78
5.82
11.9
13
14.9
16.7
Deferred income tax
-0.15
-0.91
4.53
-2.91
2.67
14.6
1.13
-1.28
-1.65
0.01
Change in payables
8.17
11.8
40.3
35.5
-40.2
-16.8
-8.51
-6.3
Cash from operations
430
377
273
133
208
184
202
250
Capital expenditures
-145
-142
-42.1
-42.9
-42.3
Purchases of investments
-235
-741
-313
-361
-416
Sales and maturities of investments
601
356
380
365
Cash from investing
-75.8
-27.5
24.6
-280
-157
1.7
65
-115
Debt repaid
-292
-427
-17.3
Stock issued
0.2
0.16
0.04
0.01
Share buybacks
-1.11
-36.5
-18.1
Dividends paid
-181
-138
-26
-23.9
-118
-50.4
-77.1
Cash from financing
-351
-360
-296
210
-146
-204
-237
-135
Net change in cash
3.1
-10.7
1.55
62.7
-94.2
-18.9
30.7
-0.85
Free cash flow
232
132
91.3
165
141
Interest paid
226
210
220
205
198
125
124
136
131
136
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $51.91 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Net margin
37.0%
Net income / revenue.
Operating cash flow margin
48.1%
Cash from operations / revenue.
Return on equity (ROE)
50.8%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
8.2%
Net income / average total assets.
Stock-based pay / revenue
2.3%
Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue
26.2%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
12.2%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
0.9%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income growth, 1y
130.6%
Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y
132.1%
EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y
23.5%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y
6.2%
Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y
15.9%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
0.4%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
-0.7%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
0.6%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
-0.4%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
0.9%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Debt / equity
4.76x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
77.1%
Total debt / total assets.
Liabilities / assets
84.0%
Total liabilities / total assets.
Net debt
$1.93B
Total debt - cash - short-term investments. Negative means more cash than debt.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$19.01
Revenue / diluted weighted shares.
Operating cash flow per share
$9.15
Cash from operations / diluted weighted shares.
Book value per share
$13.81
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Dividends paid / net income, when net income is positive.
Valuation
Metric
Value
How it is calculated
Market cap
$1.61B
Share price x shares outstanding.
Enterprise value
$3.54B
Market cap + total debt - cash - short-term investments.
P/E
7.39x
Market cap / net income. Only when net income is positive.
P/S
2.73x
Market cap / revenue.
P/B
3.76x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
3.76x
Market cap / tangible book value, when positive.
P/OCF
5.68x
Market cap / cash from operations, when positive.
EV/Sales
6.02x
Enterprise value / revenue.
Earnings yield
13.5%
Net income / market cap (the inverse of P/E).
Dividend yield
4.1%
Dividends paid over the period / market cap.
Shareholder yield
5.3%
(Dividends paid + share buybacks) / market cap.
What was CBL & ASSOCIATES PROPERTIES INC's revenue in fiscal 2025?
CBL & ASSOCIATES PROPERTIES INC reported revenue of $578.4M for fiscal 2025, 12.2% higher than the year before.
Was CBL & ASSOCIATES PROPERTIES INC profitable in fiscal 2025?
Yes. Net income was $136.0M, a net margin of 23.5%.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.