BBX Capital Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 17 - Segment Reporting (Tables)

Note 17 - Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2023

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

Revenues:	*BBX Capital Real Estate*			*BBX Sweet Holdings*			*Renin*			*Other*		*Reconciling Items and Eliminations*			*Segment Total*
Trade sales	$	—			32,725			27,976			3,016		(3	)		63,714
Sales of real estate inventory		1,772			—			—			—		—			1,772
Revenue from construction contracts		25,037			—			—			—		—			25,037
Real estate development and management fees		1,611			—			—			—		—			1,611
Interest income		1,974			—			—			—		543			2,517
Other revenue		51			—			—			436		(140	)		347
Total revenues		30,445			32,725			27,976			3,452		400			94,998
Costs and expenses:
Cost of trade sales		—			20,546			26,007			857		(3	)		47,407
Cost of real estate inventory sold		578			—			—			—		—			578
Cost of revenue from construction contracts		24,189			—			—			—		—			24,189
Interest expense		11			332			1,121			1		(730	)		735
Recoveries from loan losses, net		(600	)		—			—			—		—			(600	)
Selling, general and administrative expenses		6,240			14,541			3,848			2,158		6,991			33,778
Total costs and expenses		30,418			35,419			30,976			3,016		6,258			106,087
Operating income (losses)		27			(2,694	)		(3,000	)		436		(5,858	)		(11,089	)
Equity in net earnings of unconsolidated real estate joint ventures		1,104			—			—			—		—			1,104
Gain on the consolidation of The Altman Companies		6,195			—			—			—		—			6,195
Gain on the consolidation of investment in real estate joint ventures		10,855			—			—			—		—			10,855
Other (loss) income		(305	)		200			1			2,256		19			2,171
Foreign exchange loss		—			(14	)		(32	)		—		—			(46	)
Income (loss) before income taxes	$	17,876			(2,508	)		(3,031	)		2,692		(5,839	)		9,190
Total assets	$	350,458			172,958			97,344			8,720		55,445			684,925
Expenditures for property and equipment	$	—			5,069			284			48		13			5,414
Depreciation and amortization	$	(196	)		1,802			867			39		108			2,620
Debt accretion and amortization	$	20			6			42			—		—			68
Cash and cash equivalents	$	83,434			3,686			603			4,136		3,163			95,022
Real estate equity method investments	$	56,130			—			—			—		—			56,130
Goodwill	$	32,901			14,274			4,140			—		—			51,315
Notes payable and other borrowings	$	3,308			19,927			43,532			40		(28,425	)		38,382

	*BBX Capital Real Estate*			*BBX Sweet Holdings*			*Renin*			*Other*		*Reconciling Items and Eliminations*			*Segment Total*
Revenues:
Trade sales	$	—			29,357			33,488			2,905		(1	)		65,749
Sales of real estate inventory		6,470			—			—			—		—			6,470
Interest income		545			—			—			—		604			1,149
Net gains on sales of real estate assets		1,329			—			—			—		—			1,329
Other revenue		516			—			—			445		(182	)		779
Total revenues		8,860			29,357			33,488			3,350		421			75,476
Costs and expenses:
Cost of trade sales		—			18,373			31,774			859		—			51,006
Cost of real estate inventory sold		2,235			—			—			—		—			2,235
Interest expense		—			247			566			1		(278	)		536
Recoveries from loan losses, net		(648	)		—			—			—		—			(648	)
Impairment losses		—			64			—			—		—			64
Selling, general and administrative expenses		2,398			12,675			4,660			1,999		5,632			27,364
Total costs and expenses		3,985			31,359			37,000			2,859		5,354			80,557
Operating income (losses)		4,875			(2,002	)		(3,512	)		491		(4,933	)		(5,081	)
Equity in net earnings of unconsolidated real estate joint ventures		1,532			—			—			—		—			1,532
Other (loss) income		(13	)		872			—			2		123			984
Foreign exchange loss		—			—			(189	)		—		—			(189	)
Income (loss) before income taxes	$	6,394			(1,130	)		(3,701	)		493		(4,810	)		(2,754	)
Total assets	$	186,617			139,991			108,952			6,809		90,003			532,372
Expenditures for property and equipment	$	—			1,357			270			26		231			1,884
Depreciation and amortization	$	—			1,493			819			33		57			2,402
Debt accretion and amortization	$	9			44			32			—		—			85
Cash and cash equivalents	$	74,412			7,713			523			2,009		29,975			114,632
Real estate equity method investments	$	53,666			—			—			—		—			53,666
Goodwill	$	—			14,274			4,140			—		—			18,414
Notes payable and other borrowings	$	5,535			15,966			48,077			22		(14,025	)		55,575