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)

9 Months Ended

Sep. 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	$	—			35,822			24,391			1,251			(2	)		61,462
Sales of real estate inventory		2,712			—			—			—			—			2,712
Revenue from construction contracts		29,067			—			—			—			—			29,067
Real estate development and property management fees		5,002			—			—			—			—			5,002
Interest income		1,973			—			—			—			572			2,545
Net gains on sales of real estate assets		2,271			—			—			—			—			2,271
Other revenue		51			—			—			452			(223	)		280
Total revenues		41,076			35,822			24,391			1,703			347			103,339
Costs and expenses:
Cost of trade sales		—			23,234			21,569			506			(2	)		45,307
Cost of real estate inventory sold		570			—			—			—			—			570
Cost of revenue from construction contracts		31,945			—			—			—			—			31,945
Interest expense		28			382			1,229			1			(830	)		810
Recoveries from loan losses, net		(177	)		—			—			—			—			(177	)
Impairment losses		—			349			—			—			—			349
Selling, general and administrative expenses		7,337			14,208			3,496			2,252			6,827			34,120
Total costs and expenses		39,703			38,173			26,294			2,759			5,995			112,924
Operating income (losses)		1,373			(2,351	)		(1,903	)		(1,056	)		(5,648	)		(9,585	)
Equity in net earnings of unconsolidated real estate joint ventures		2,126			—			—			—			—			2,126
Gain on the consolidation of The Altman Companies		(2,393	)		—			—			—			—			(2,393	)
Gain on the consolidation of investment in real estate joint ventures		1,135			—			—			—			—			1,135
Other income (loss)		829			(67	)		(1	)		6			388			1,155
Foreign exchange gain		—			30			391			—			—			421
Income (loss) before income taxes	$	3,070			(2,388	)		(1,513	)		(1,050	)		(5,260	)		(7,141	)
Total assets	$	355,384			169,317			89,298			6,326			60,680			681,005
Expenditures for property and equipment	$	48			1,504			273			33			7			1,865
Depreciation and amortization	$	(757	)		1,984			878			45			107			2,257
Debt accretion and amortization	$	19			(11	)		(5	)		—			—			3
Cash and cash equivalents	$	75,121			2,516			613			1,912			22,328			102,490
Real estate equity method investments	$	43,610			—			—			—			—			43,610
Goodwill	$	31,200			14,274			4,140			—			—			49,614
Notes payable and other borrowings	$	7,541			20,416			43,344			21			(26,475	)		44,847

	*BBX Capital Real Estate*			*BBX Sweet Holdings*			*Renin*			*Other*			*Reconciling Items and Eliminations*			*Segment Total*
Revenues:
Trade sales	$	—			37,053			32,535			1,510			(1	)		71,097
Sales of real estate inventory		1,606			—			—			—			—			1,606
Interest income		970			—			—			—			606			1,576
Other revenue		442			—			—			587			(74	)		955
Total revenues		3,018			37,053			32,535			2,097			531			75,234
Costs and expenses:
Cost of trade sales		—			21,939			31,539			580			(1	)		54,057
Cost of real estate inventory sold		556			—			—			—			—			556
Interest expense		—			228			1,063			1			(677	)		615
Recoveries from loan losses, net		(278	)		—			—			—			—			(278	)
Impairment losses		311			—			—			—			—			311
Selling, general and administrative expenses		3,196			14,444			4,166			1,547			5,720			29,073
Total costs and expenses		3,785			36,611			36,768			2,128			5,042			84,334
Operating (losses) income		(767	)		442			(4,233	)		(31	)		(4,511	)		(9,100	)
Equity in net earnings of unconsolidated real estate joint ventures		15,026			—			—			—			—			15,026
Other (expense) income		—			(360	)		1			—			49			(310	)
Foreign exchange (loss) gain		—			(2	)		905			—			—			903
Income (loss) before income taxes	$	14,259			80			(3,327	)		(31	)		(4,462	)		6,519
Total assets	$	208,652			150,619			103,781			6,483			76,231			545,766
Expenditures for property and equipment	$	—			3,788			233			25			65			4,111
Depreciation and amortization	$	(157	)		1,627			846			35			102			2,453
Debt accretion and amortization	$	13			6			32			—			—			51
Cash and cash equivalents	$	78,535			3,698			692			1,878			13,730			98,533
Real estate equity method investments	$	46,640			—			—			—			—			46,640
Goodwill	$	—			14,274			4,140			—			—			18,414
Notes payable and other borrowings	$	3,709			14,325			51,745			14			(25,575	)		44,218

Revenues:	*BBX Capital Real Estate*			*BBX Sweet Holdings*			*Renin*			*Other*			*Reconciling Items and Eliminations*			*Segment Total*
Trade sales	$	—			103,560			76,711			6,127			(19	)		186,379
Sales of real estate inventory		8,929			—			—			—			—			8,929
Revenue from construction contracts		90,678			—			—			—			—			90,678
Real estate development and property management fees		9,249			—			—			—			—			9,249
Interest income		6,058			—			—			—			678			6,736
Net gain on sales of real estate assets		2,210			—			—			—			—			2,210
Other revenue		152			—			—			1,341			(554	)		939
Total revenues		117,276			103,560			76,711			7,468			105			305,120
Costs and expenses:
Cost of trade sales		—			65,682			69,991			1,987			(19	)		137,641
Cost of real estate inventory sold		2,107			—			—			—			—			2,107
Cost of revenue from construction contracts		94,263			—			—			—			—			94,263
Interest expense		74			1,089			3,502			3			(2,423	)		2,245
Recoveries from loan losses, net		(3,284	)		—			—			—			—			(3,284	)
Impairment losses		—			349			—			—			—			349
Selling, general and administrative expenses		19,842			43,966			11,335			6,090			20,910			102,143
Total costs and expenses		113,002			111,086			84,828			8,080			18,468			335,464
Operating income (losses)		4,274			(7,526	)		(8,117	)		(612	)		(18,363	)		(30,344	)
Equity in net earnings of unconsolidated real estate joint ventures		3,958			—			—			—			—			3,958
Gain on the consolidation of The Altman Companies		3,802			—			—			—			—			3,802
Gain on the consolidation of investment in real estate joint ventures		12,017			—			—			—			—			12,017
Other income (expense)		1,173			157			(5	)		2,268			449			4,042
Foreign exchange loss		—			(2	)		(111	)		—			—			(113	)
Income (loss) before income taxes	$	25,224			(7,371	)		(8,233	)		1,656			(17,914	)		(6,638	)
Expenditures for property and equipment	$	57			9,671			1,014			161			22			10,925
Depreciation, amortization and accretion of securities available for sale	$	(1,563	)		6,068			2,623			126			1,252			8,506
Debt accretion and amortization	$	72			(22	)		(14	)		—			—			36

Revenues:	*BBX Capital Real Estate*			*BBX Sweet Holdings*			*Renin*			*Other*		*Reconciling Items and Eliminations*			*Segment Total*
Trade sales	$	—			102,012			101,116			6,310		(7	)		209,431
Sales of real estate inventory		16,813			—			—			—		—			16,813
Interest income		2,165			—			—			—		1,803			3,968
Net gains on sales of real estate assets		1,329			—			—			—		—			1,329
Other revenue		1,443			—			—			1,880		(461	)		2,862
Total revenues		21,750			102,012			101,116			8,190		1,335			234,403
Costs and expenses:
Cost of trade sales		—			60,934			97,618			2,115		(6	)		160,661
Cost of real estate inventory sold		6,669			—			—			—		—			6,669
Interest expense		—			697			2,405			2		(1,444	)		1,660
Recoveries from loan losses, net		(4,215	)		—			—			—		—			(4,215	)
Impairment losses		311			64			—			—		—			375
Selling, general and administrative expenses		8,956			42,101			13,099			5,204		17,138			86,498
Total costs and expenses		11,721			103,796			113,122			7,321		15,688			251,648
Operating income (losses)		10,029			(1,784	)		(12,006	)		869		(14,353	)		(17,245	)
Equity in net earnings of unconsolidated real estate joint ventures		35,712			—			—			—		—			35,712
Other (expense) income		(8	)		518			1			2		264			777
Foreign exchange (loss) gain		—			(2	)		1,073			—		—			1,071
Income (loss) before income taxes	$	45,733			(1,268	)		(10,932	)		871		(14,089	)		20,315
Expenditures for property and equipment	$	—			7,733			757			73		1,498			10,061
Depreciation and amortization	$	(157	)		4,732			2,497			103		232			7,407
Debt accretion and amortization	$	158			55			85			—		—			298