BBX Capital Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Note 22 - Segment Reporting (Tables)

Note 22 - Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	*BBX Capital Real Estate*			*BBX Sweet Holdings*			*Renin*			*Other*		*Reconciling Items and Eliminations*			*Segment Total*
Revenues:
Trade sales	$	—			139,718			131,951			8,470		(14	)		280,125
Sales of real estate inventory		27,794			—			—			—		—			27,794
Interest income		3,617			—			—			—		2,376			5,993
Net gains on sales of real estate assets		24,289			—			—			—		—			24,289
Other revenue		1,835			—			—			2,572		(563	)		3,844
Total revenues		57,535			139,718			131,951			11,042		1,799			342,045
Costs and expenses:
Cost of trade sales		—			83,307			127,623			2,805		(14	)		213,721
Cost of real estate inventory sold		11,463			—			—			—		—			11,463
Interest expense		—			1,015			3,588			2		(2,206	)		2,399
Recoveries from loan losses, net		(4,835	)		—			—			—		—			(4,835	)
Impairment losses		311			238			—			—		—			549
Selling, general and administrative expenses		13,772			55,617			17,077			7,224		22,525			116,215
Total costs and expenses		20,711			140,177			148,288			10,031		20,305			339,512
Operating income (losses)		36,824			(459	)		(16,337	)		1,011		(18,506	)		2,533
Equity in net earnings of unconsolidated real estate joint ventures		38,414			—			—			—		—			38,414
Other (expense) income		(7	)		718			(57	)		4		306			964
Foreign exchange (loss) gain		—			(70	)		950			—		—			880
Income (loss) before income taxes	$	75,231			189			(15,444	)		1,015		(18,200	)		42,791
Total assets	$	225,786			161,337			102,601			7,134		65,983			562,841
Expenditures for property and equipment	$	—			11,383			1,653			110		1,593			14,739
Depreciation and amortization	$	(271	)		6,629			3,344			140		371			10,213
Debt accretion and amortization	$	261			61			128			—		—			450
Cash and cash equivalents	$	107,069			7,246			1,060			2,643		9,563			127,581
Investments in and advances to unconsolidated real estate joint ventures	$	49,415			—			—			—		—			49,415
Goodwill	$	—			14,274			4,140			—		—			18,414
Notes payable and other borrowings	$	1,946			18,150			47,838			9		(29,400	)		38,543

	*BBX Capital Real Estate*			*BBX Sweet Holdings*			*Renin*			*Other*		*Reconciling Items and Eliminations*			*Segment Total*
Revenues:
Trade sales	$	—			84,215			146,255			7,616		(8	)		238,078
Sales of real estate inventory		65,479			—			—			—		—			65,479
Interest income		2,048			36			—			—		4,329			6,413
Net gains on sales of real estate assets		643			—			—			—		—			643
Other revenue		1,504			—			—			2,045		(565	)		2,984
Total revenues		69,674			84,251			146,255			9,661		3,756			313,597
Costs and expenses:
Cost of trade sales		—			52,497			130,366			2,291		(8	)		185,146
Cost of real estate inventory sold		29,690			—			—			—		—			29,690
Interest expense		—			429			1,830			2		(822	)		1,439
Recoveries from loan losses, net		(7,774	)		—			—			—		—			(7,774	)
Impairment losses		—			38			—			—		—			38
Selling, general and administrative expenses		7,587			31,524			15,857			5,978		15,068			76,014
Total costs and expenses		29,503			84,488			148,053			8,271		14,238			284,553
Operating income (losses)		40,171			(237	)		(1,798	)		1,390		(10,482	)		29,044
Equity in net earnings of unconsolidated real estate joint ventures		18,154			—			—			—		—			18,154
Other (expense) income		(14	)		131			—			—		224			341
Gain on the consolidation of IT'SUGAR, LLC		—			15,890			—			—		—			15,890
Foreign exchange gain		—			—			812			—		—			812
Income (loss) before income taxes	$	58,311			15,784			(986	)		1,390		(10,258	)		64,241
Total assets	$	179,619			143,916			101,647			7,745		100,428			533,355
Expenditures for property and equipment	$	—			4,283			3,099			185		959			8,526
Depreciation and amortization	$	—			3,181			3,037			118		122			6,458
Debt accretion and amortization	$	737			21			113			—		—			871
Cash and cash equivalents	$	66,558			9,792			1,369			2,937		37,389			118,045
Investments in and advances to unconsolidated real estate joint ventures	$	52,966			—			—			—		—			52,966
Goodwill	$	—			14,274			4,140			—		—			18,414
Notes payable and other borrowings	$	7,312			14,421			44,124			26		(11,000	)		54,883

	*BBX Capital Real Estate*			*BBX Sweet Holdings*			*Renin*			*Other*			*Reconciling Items and Eliminations*			*Segment Total*
Revenues:
Trade sales	$	—			49,155			93,036			5,019			—			147,210
Sales of real estate inventory		20,363			—			—			—			—			20,363
Interest income		1,240			29			—			1			1,129			2,399
Net gains on sales of real estate assets		255			—			—			—			—			255
Other revenue		1,454			281			—			1,461			(194	)		3,002
Total revenues		23,312			49,465			93,036			6,481			935			173,229
Costs and expenses:
Cost of trade sales		—			41,482			83,563			1,983			—			127,028
Cost of real estate inventory sold		13,171			—			—			—			—			13,171
Interest expense		—			193			615			10			(581	)		237
Recoveries from loan losses, net		(8,876	)		—			—			—			—			(8,876	)
Impairment losses		2,742			25,303			—			2,727			—			30,772
Selling, general and administrative expenses		6,758			26,855			11,735			4,684			15,940			65,972
Total costs and expenses		13,795			93,833			95,913			9,404			15,359			228,304
Operating income (losses)		9,517			(44,368	)		(2,877	)		(2,923	)		(14,424	)		(55,075	)
Equity in net earnings of unconsolidated real estate joint ventures		465			—			—			—			—			465
Loss on the deconsolidation of IT'SUGAR, LLC		—			(3,326	)		—			—			—			(3,326	)
Other income (expense)		6			221			(3	)		8			58			290
Foreign exchange loss		—			—			(692	)		—			—			(692	)
Income (loss) before income taxes	$	9,988			(47,473	)		(3,572	)		(2,915	)		(14,366	)		(58,338	)
Total assets	$	165,732			28,668			104,654			7,096			141,506			447,656
Expenditures for property and equipment	$	—			3,155			2,118			72			—			5,345
Depreciation and amortization	$	—			4,244			1,380			106			104			5,834
Debt accretion and amortization	$	287			168			243			—			—			698
Cash and cash equivalents	$	31,133			1,163			2,438			1,539			53,764			90,037
Real estate equity method investments	$	58,010			—			—			—			—			58,010
Goodwill	$	—			—			8,277			—			—			8,277
Notes payable and other borrowings	$	26,762			1,417			45,261			43			—			73,483