Annual report pursuant to Section 13 and 15(d)

Note 22 - Segment Reporting (Tables)

v3.22.4
Note 22 - Segment Reporting (Tables)
12 Months Ended
Dec. 31, 2022
Notes Tables  
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