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. |