CBL & ASSOCIATES LIMITED PARTNERSHIP [Rocket]

In millions, except per share items	Sep-30-21	Mar-31-21	Dec-31-20	Sep-30-20	Jun-30-20	Mar-31-20	Dec-31-19	Sep-30-19
	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q
Revenues:
Malls	131.9	119.3	139.6	115.7	112.0	153.4	173.3	171.5
All Other	18.5	13.9	14.5	14.2	12.2	14.2	16.7	15.7
Total revenues	4.4	4.1	4.8	5.0	3.5	5.2	8.1	5.7
Revenue growth [+]	-11.6%	-21.2%	-39.9%	-13.3%	-40.2%	-97.4%	3.4%	-97.2%
Malls	14.0%	-22.2%	-19.4%	-32.6%	-34.5%	-16.6%	-12.5%	-9.0%
All Other	30.0%	-2.6%	-12.8%	-9.5%	-45.5%	0.4%	-11.1%	-14.6%
Cost of goods sold [+]	47.3	49.1	45.7	46.0	40.8	55.4	55.7	56.3
Maintenance and operations costs	-9.5	-10.8	-8.5	-8.4	-6.0	-11.2	-12.0	-10.3
Real estate taxes and insurance	-14.0	-16.6	-16.2	-17.2	-17.8	-18.4	-17.7	-18.7
Real estate or leased property costs	23.8	21.8	21.1	20.4	16.9	25.7	26.0	27.3
Gross profit	-42.9	-45.0	-40.8	-41.1	-37.3	-50.1	-47.6	-50.6
Gross margin	-977.5%	-1093.7%	-842.3%	-828.3%	-1062.3%	-959.8%	-590.6%	-884.0%
Selling, general and administrative [+]	13.5	12.6	8.6	25.5	18.7	17.8	15.3	12.5
General and administrative	13.5	12.6	8.6	25.5	18.7	17.8	15.3	12.5
Equity in earnings	-2.2	-3.1	-2.4	-7.4	-6.1	1.0	1.5	-1.8
Other operating expenses	-167.5	-155.7	-235.7	-209.3	-161.3	-202.8	-228.0	-274.8
EBITDA [+]	108.9	95.0	183.8	135.4	99.2	135.9	166.6	210.0
EBITDA growth	-19.5%	-30.1%	10.3%	-35.5%	-42.6%	-47.9%	-0.8%	53.1%
EBITDA margin	2483.9%	2307.6%	3791.2%	2729.8%	2826.7%	2601.2%	2065.9%	3670.1%
Depreciation and amortization	46.5	48.1	53.0	53.5	52.7	55.9	59.3	64.2
EBIT [+]	62.5	46.9	130.8	81.9	46.5	80.0	107.3	145.8
EBIT growth	-23.7%	-41.4%	21.9%	-43.8%	-57.1%	-58.2%	7.6%	123.5%
EBIT margin	1424.2%	1138.7%	2698.4%	1651.4%	1325.9%	1531.1%	1330.6%	2548.5%
Non-recurring items [+]	63.2	58.0	97.1	2.5	13.3	133.6	33.7	158.4
Asset impairment	63.2	57.2	66.4	0.0	13.3	133.6	37.4	135.7
Interest expense, net [+]	18.5	23.4	38.8	59.2	51.7	44.6	48.7	49.1
Interest expense	19.0	24.1	39.9	61.1	52.6	47.0	49.3	50.5
Interest income	0.5	0.8	1.1	2.0	0.9	2.4	0.6	1.4
Other income (expense), net [+]	-22.3	5.5	-73.7	-65.2	-70.4	-41.6	11.4	-32.0
Gain (loss) on investments		55.1					56.1	11.2
Gain (loss) on debt retirement			17.1	15.4
Pre-tax income	-41.6	-29.0	-78.7	-45.0	-88.9	-139.8	36.3	-93.7
Income taxes	1.2	-0.8	0.4	-0.5	-16.1	-0.5	-0.5	-1.7
Tax rate		2.6%		1.2%	18.1%	0.4%		1.8%
Minority interest	1.1	0.7	18.1	0.6	0.5	16.4	24.3	-0.8
Net income	-41.7	-26.8	-63.0	-54.1	-81.5	-133.9	22.0	-90.1
Net margin	-951.2%	-650.2%	-1300.2%	-1091.0%	-2321.2%	-2563.1%	273.3%	-1575.2%

Basic EPS [+]	($0.21)	($0.14)	($0.33)	($0.28)	($0.42)	($0.75)	$0.13	($0.52)
Growth	-24.1%	-81.8%	-360.7%	-46.2%	107.9%	158.0%	-172.2%	612.4%
Diluted EPS [+]	($0.21)	($0.14)	($0.33)	($0.28)	($0.42)	($0.75)	$0.13	($0.52)
Growth	-24.1%	-81.8%	-360.7%	-46.2%	107.9%	158.0%	-172.2%	612.4%

Growth					-100.0%	-100.0%	-100.0%	-100.0%

Shares outstanding (basic) [+]	196.5	196.5	190.3	193.5	192.0	179.1	173.4	173.5
Growth	1.5%	9.7%	9.7%	11.5%	10.7%	3.4%	-53.4%	0.5%
Shares outstanding (diluted) [+]	196.5	196.5	190.3	193.5	192.0	179.1	173.4	173.5
Growth	1.5%	9.7%	9.7%	11.5%	10.7%	3.4%	-53.4%	0.5%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.