How CBL & Associates Properties makes money

Period

FY2025

How does CBL & Associates Properties make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

CBL & Associates Properties Inc. · FY2025 · year ended 2025-12-31

Revenue$578MGross profit$578M · 100%Cost of revenue$0 · 0%Operating income$509M · 88%Operating expenses$69M · 12%SG&A$69M · 12%Pre-tax income$136M · 24%Other expense$373M · 64%Net income$136M · 24%Income tax$0 · 0%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.