Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows

v3.20.2
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating activities:    
Net (loss) income $ (43,654) $ 15,252
Adjustment to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Recoveries from loan losses, net (5,844) (4,206)
Depreciation, amortization and accretion, net 5,468 6,519
Net gains on sales of real estate and property and equipment (130) (11,105)
Equity earnings of unconsolidated real estate joint ventures (50) (37,276)
Return on investment in unconsolidated real estate joint ventures 3,934 38,020
Loss on the deconsolidation of IT'SUGAR, LLC 3,326  
(Increase) decrease in deferred income tax asset, net (5,402) 6,277
Impairment losses 31,588 6,786
Decrease (increase) in trade inventory 279 (5,016)
(Increase) decrease in trade receivables (2,336) 5,042
Decrease (increase) in real estate inventory 925 (2,865)
Net change in operating lease asset and operating lease liability (964) 683
(Increase) decrease in other assets (1,388) 3,744
Increase (decrease) in accrued liabilities 12,376 (3,227)
(Decrease) increase in due to parent (1,362) 582
Decrease in accounts payable (4,256) (1,554)
(Decrease) increase in other liabilities (246) 3,716
Net cash (used in) provided by operating activities (7,736) 21,372
Investing activities:    
Return of investment in unconsolidated real estate joint ventures 4,631 30,331
Investments in unconsolidated real estate joint ventures (14,009) (20,076)
Proceeds from repayment of loans receivable 5,960 4,935
Proceeds from sales of real estate held-for-sale 2,151 32,136
Additions to real estate held-for-sale and held-for-investment (70) (438)
Purchases of property and equipment (4,032) (7,765)
Decrease in cash from other investing activities (1,065) (73)
Net cash (used in) provided by investing activities (6,434) 39,050
Financing activities:    
Repayments of notes payable and other borrowings (15,415) (2,699)
Proceeds from notes payable and other borrowings 10,919 663
Distributions to noncontrolling interests (54)  
Net transfers from (to) Parent 94,275 (56,002)
Net cash provided by (used in) financing activities 89,725 (58,038)
Increase in cash, cash equivalents and restricted cash 75,555 2,384
Cash, cash equivalents and restricted cash at beginning of period 21,287 30,082
Cash, cash equivalents and restricted cash at end of period 96,842 32,466
Supplemental cash flow information:    
Income taxes paid 330 1,016
Supplementary disclosure of non-cash investing and financing activities:    
Construction funds receivable transferred to real estate   15,890
Bluegreen Vacations Holding Corporation note receivable 75,000  
Operating lease assets recognized upon adoption of ASC 842   86,431
Operating lease liabilities recognized upon adoption of ASC 842   95,296
Operating lease assets obtained in exchange for new operating lease liabilities 4,921 21,448
Increase in other assets upon issuance of Community Development District Bonds 827 8,110
Assumption of Community Development District Bonds by builders 3,137 1,035
Reconciliation of cash, cash equivalents and restricted cash:    
Total cash, cash equivalents, and restricted cash $ 96,842 $ 32,466