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)

6 Months Ended

Jun. 30, 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	$	—			35,013			24,344			1,860		(14	)		61,203
Sales of real estate inventory		4,445			—			—			—		—			4,445
Revenue from construction contracts		36,574			—			—			—		—			36,574
Real estate development and property management fees		2,636			—			—			—		—			2,636
Interest income		2,111			—			—			—		(437	)		1,674
Other revenue		50			—			—			453		(191	)		312
Total revenues		45,816			35,013			24,344			2,313		(642	)		106,844
Costs and expenses:
Cost of trade sales		—			21,902			22,415			624		(14	)		44,927
Cost of real estate inventory sold		959			—			—			—		—			959
Cost of revenue from construction contracts		38,129			—			—			—		—			38,129
Interest expense		35			375			1,152			1		(863	)		700
Recoveries from loan losses, net		(2,507	)		—			—			—		—			(2,507	)
Selling, general and administrative expenses		6,326			15,217			3,991			1,680		7,092			34,306
Total costs and expenses		42,942			37,494			27,558			2,305		6,215			116,514
Operating income (losses)		2,874			(2,481	)		(3,214	)		8		(6,857	)		(9,670	)
Equity in net earnings of unconsolidated real estate joint ventures		728			—			—			—		—			728
Gain on the consolidation of investment in real estate joint ventures		27			—			—			—		—			27
Other income (loss)		649			24			(5	)		6		42			716
Foreign exchange loss		—			(18	)		(470	)		—		—			(488	)
Income (loss) before income taxes	$	4,278			(2,475	)		(3,689	)		14		(6,815	)		(8,687	)
Total assets	$	348,321			170,907			93,091			6,775		54,632			673,726
Expenditures for property and equipment	$	9			3,098			457			80		2			3,646
Depreciation and amortization	$	(610	)		2,282			878			42		1,037			3,629
Debt accretion and amortization	$	33			(17	)		(51	)		—		—			(35	)
Cash and cash equivalents	$	56,444			3,336			648			2,366		18,675			81,469
Real estate equity method investments	$	61,189			—			—			—		—			61,189
Goodwill	$	33,877			14,274			4,140			—		—			52,291
Notes payable and other borrowings	$	2,343			18,920			44,025			1		(27,450	)		37,839

	*BBX Capital Real Estate*			*BBX Sweet Holdings*			*Renin*			*Other*		*Reconciling Items and Eliminations*			*Segment Total*
Revenues:
Trade sales	$	—			35,602			35,093			1,895		(5	)		72,585
Sales of real estate inventory		8,737			—			—			—		—			8,737
Interest income		629			—			—			—		592			1,221
Other revenue		506			—			—			848		(204	)		1,150
Total revenues		9,872			35,602			35,093			2,743		383			83,693
Costs and expenses:
Cost of trade sales		—			20,622			34,305			676		(5	)		55,598
Cost of real estate inventory sold		3,878			—			—			—		—			3,878
Interest expense		—			222			776			—		(489	)		509
Recoveries from loan losses, net		(3,289	)		—			—			—		—			(3,289	)
Selling, general and administrative expenses		3,362			14,982			4,273			1,658		5,786			30,061
Total costs and expenses		3,951			35,826			39,354			2,334		5,292			86,757
Operating income (losses)		5,921			(224	)		(4,261	)		409		(4,909	)		(3,064	)
Equity in net earnings of unconsolidated real estate joint ventures		19,154			—			—			—		—			19,154
Other income		5			6			—			—		92			103
Foreign exchange gain		—			—			357			—		—			357
Income (loss) before income taxes	$	25,080			(218	)		(3,904	)		409		(4,817	)		16,550
Total assets	$	203,868			151,272			106,634			6,601		74,822			543,197
Expenditures for property and equipment	$	—			2,588			254			22		1,202			4,066
Depreciation and amortization	$	—			1,612			832			35		73			2,552
Debt accretion and amortization	$	136			5			21			—		—			162
Cash and cash equivalents	$	98,665			4,708			162			1,918		12,683			118,136
Real estate equity method investments	$	51,740			—			—			—		—			51,740
Goodwill	$	—			14,274			4,140			—		—			18,414
Notes payable and other borrowings	$	3,898			15,050			51,148			18		(26,550	)		43,564

Revenues:	*BBX Capital Real Estate*			*BBX Sweet Holdings*			*Renin*			*Other*		*Reconciling Items and Eliminations*			*Segment Total*
Trade sales	$	—			67,738			52,320			4,876		(17	)		124,917
Sales of real estate inventory		6,217			—			—			—		—			6,217
Revenue from construction contracts		61,611			—			—			—		—			61,611
Real estate development and property management fees		4,247			—			—			—		—			4,247
Interest income		4,085			—			—			—		106			4,191
Other revenue		101			—			—			889		(331	)		659
Total revenues		76,261			67,738			52,320			5,765		(242	)		201,842
Costs and expenses:
Cost of trade sales		—			42,448			48,422			1,481		(17	)		92,334
Cost of real estate inventory sold		1,537			—			—			—		—			1,537
Cost of revenue from construction contracts		62,318			—			—			—		—			62,318
Interest expense		46			707			2,273			2		(1,593	)		1,435
Recoveries from loan losses, net		(3,107	)		—			—			—		—			(3,107	)
Selling, general and administrative expenses		12,566			29,758			7,839			3,838		14,083			68,084
Total costs and expenses		73,360			72,913			58,534			5,321		12,473			222,601
Operating income (losses)		2,901			(5,175	)		(6,214	)		444		(12,715	)		(20,759	)
Equity in net earnings of unconsolidated real estate joint ventures		1,832			—			—			—		—			1,832
Gain on the consolidation of The Altman Companies		6,195			—			—			—		—			6,195
Gain on the consolidation of investment in real estate joint ventures		10,882			—			—			—		—			10,882
Other (expense) income		344			224			(4	)		2,262		61			2,887
Foreign exchange loss		—			(32	)		(502	)		—		—			(534	)
Income (loss) before income taxes	$	22,154			(4,983	)		(6,720	)		2,706		(12,654	)		503
Expenditures for property and equipment	$	9			8,167			741			128		15			9,060
Depreciation and amortization	$	(806	)		4,084			1,745			81		1,145			6,249
Debt accretion and amortization	$	53			(11	)		(9	)		—		—			33

Revenues:	*BBX Capital Real Estate*			*BBX Sweet Holdings*			*Renin*			*Other*		*Reconciling Items and Eliminations*			*Segment Total*
Trade sales	$	—			64,959			68,581			4,800		(6	)		138,334
Sales of real estate inventory		15,207			—			—			—		—			15,207
Interest income		1,174			—			—			—		1,196			2,370
Net gains on sales of real estate assets		1,329			—			—			—		—			1,329
Other revenue		1,022			—			—			1,293		(386	)		1,929
Total revenues		18,732			64,959			68,581			6,093		804			159,169
Costs and expenses:
Cost of trade sales		—			38,995			66,079			1,535		(5	)		106,604
Cost of real estate inventory sold		6,113			—			—			—		—			6,113
Interest expense		—			469			1,342			1		(767	)		1,045
Recoveries from loan losses, net		(3,937	)		—			—			—		—			(3,937	)
Impairment losses		—			64			—			—		—			64
Selling, general and administrative expenses		5,760			27,657			8,933			3,657		11,418			57,425
Total costs and expenses		7,936			67,185			76,354			5,193		10,646			167,314
Operating income (losses)		10,796			(2,226	)		(7,773	)		900		(9,842	)		(8,145	)
Equity in net earnings of unconsolidated real estate joint ventures		20,686			—			—			—		—			20,686
Other (expense) income		(8	)		878			—			2		215			1,087
Foreign exchange gain		—			—			168			—		—			168
Income (loss) before income taxes	$	31,474			(1,348	)		(7,605	)		902		(9,627	)		13,796
Expenditures for property and equipment	$	—			3,945			524			48		1,433			5,950
Depreciation and amortization	$	—			3,105			1,651			68		130			4,954
Debt accretion and amortization	$	145			49			53			—		—			247