Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows

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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating activities:    
Net income (loss) from continuing operations $ 42,009 $ (43,580)
Adjustment to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Recoveries from loan losses, net (7,038) (5,844)
Depreciation, amortization and accretion, net 4,830 5,468
Net gains on sales of real estate and property and equipment (491) (130)
Loss on the deconsolidation of IT'SUGAR, LLC   3,326
Gain on the consolidation of IT'SUGAR, LLC (15,890)  
Equity in net earnings of unconsolidated real estate joint ventures (15,992) (50)
Return on investment in unconsolidated real estate joint ventures 18,739 3,934
Decrease (increase) in deferred income tax asset, net 952 (5,402)
Impairment losses   30,840
(Increase) decrease in trade inventory (6,035) 279
Increase in trade receivables (394) (2,336)
Decrease in real estate inventory 18,621 925
Net change in operating lease asset and operating lease liability 1,231 (174)
Increase in other assets (11,759) (1,482)
Increase in accrued expenses 3,173 12,426
Decrease in due to Bluegreen Vacations   (1,362)
Decrease in accounts payable (2,976) (4,254)
Net cash used from operating activities in discontinued operations   (74)
Increase (decrease) in other liabilities 531 (246)
Net cash provided by (used in) operating activities 29,511 (7,736)
Investing activities:    
Return of investment in unconsolidated real estate joint ventures 19,423 4,631
Investments in unconsolidated real estate joint ventures (13,211) (14,009)
Proceeds from repayment of loans receivable 7,837 5,960
Proceeds from sales of real estate held-for-sale 1,704 2,151
Repayment of advances to IT'SUGAR 222  
Additions to real estate held-for-sale and held-for-investment (35) (70)
Purchases of property and equipment (5,254) (4,032)
Cash acquired in the consolidation of IT'SUGAR, LLC 6,909  
Change in cash from other investing activities (259) (1,065)
Net cash provided by (used in) investing activities 17,336 (6,434)
Financing activities:    
Repayments of notes payable and other borrowings (12,974) (15,415)
Proceeds from notes payable and other borrowings 10,487 10,919
Purchase and retirement of Class A and Class B Common Stock (8,319)  
Purchase and retirement of Class A Common Stock from tender offer (11,431)  
Distributions to noncontrolling interests   (54)
Net transfers from Bluegreen Vacations   94,275
Net cash (used in) provided by financing activities (22,237) 89,725
Increase in cash, cash equivalents and restricted cash 24,610 75,555
Cash, cash equivalents and restricted cash at beginning of period 90,387 21,287
Cash, cash equivalents and restricted cash at end of period 114,997 96,842
Supplemental cash flow information:    
Interest paid on borrowings, net of amounts capitalized 789  
Income taxes paid 7,661 330
Supplementary disclosure of non-cash investing and financing activities:    
Construction funds receivable transferred to real estate 345 827
Bluegreen Vacations Holding Corporation note receivable   75,000
Operating lease assets obtained in exchange for new operating lease liabilities 10,894 4,921
Assumption of Community Development District Bonds by homebuilders 5,066 3,137
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 113,547 96,592
Restricted cash 1,450 250
Cash discontinued operations