FINANCIAL INFORMATION

FINANCIAL INFORMATION

v3.19.3

Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 467,264 $ 371,341
Investment securities at fair value 103,875 129,641
Accounts receivable - trade, net 39,453 36,959
Inventories 105,324 98,762
Other current assets 37,951 44,911
Total current assets 753,867 681,614
Property, plant and equipment, net 80,334 82,160
Investments in real estate, net 28,646 28,317
Long-term investments (of which $34,417 and $45,781 were carried at fair value) 47,129 61,723
Investments in real estate ventures 124,867 131,556
Operating lease right of use assets 144,630 149,578
Goodwill and other intangible assets, net 207,699 265,993
Other assets 107,649 104,148
Total assets 1,494,821 1,505,089
Current liabilities:    
Current portion of notes payable and long-term debt 203,537 209,269
Current portion of fair value of derivatives embedded within convertible debt 1,669 4,999
Current payments due under the Master Settlement Agreement 77,285 34,116
Income taxes payable, net 21,992 5,138
Current operating lease liability 18,098 18,294
Other current liabilities 192,740 189,317
Total current liabilities 515,321 461,133
Notes payable, long-term debt and other obligations, less current portion 1,395,617 1,397,216
Non-current employee benefits 60,711 67,853
Deferred income taxes, net 16,400 33,695
Non-current operating lease liability 152,113 156,963
Payments due under the Master Settlement Agreement 17,275 17,275
Other liabilities 56,383 55,970
Total liabilities 2,213,820 2,190,105
Commitments and contingencies (Note 10)    
Stockholders' deficiency:    
Preferred stock, par value $1 per share, 10,000,000 shares authorized 0 0
Common stock, par value $0.1 per share, 250,000,000 shares authorized, 148,084,900 and 148,084,900 shares issued and outstanding 14,808 14,808
Accumulated deficit (712,221) (678,464)
Accumulated other comprehensive loss (21,586) (21,808)
Total Vector Group Ltd. stockholders' deficiency (718,999) (685,464)
Non-controlling interest 0 448
Total stockholders' deficiency (718,999) (685,016)
Total liabilities and stockholders' deficiency $ 1,494,821 $ 1,505,089