|
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
|
Sep. 30, 2019
|
Dec. 31, 2018
|
|---|
| Current assets: |
|
|
| Cash and cash equivalents |
$ 319,298 |
$ 584,581 |
| Investment securities at fair value |
140,690 |
131,569 |
| Accounts receivable - trade, net |
42,653 |
34,246 |
| Inventories |
99,179 |
90,997 |
| Other current assets |
32,548 |
30,828 |
| Total current assets |
634,368 |
872,221 |
| Property, plant and equipment, net |
83,932 |
86,736 |
| Investments in real estate, net |
28,009 |
26,220 |
| Long-term investments (of which $52,384 and $54,628 were carried at fair value) |
66,915 |
66,259 |
| Investments in real estate ventures |
159,569 |
141,105 |
| Operating lease right of use assets |
148,387 |
|
| Goodwill and other intangible assets, net |
266,034 |
266,611 |
| Other assets |
99,470 |
90,352 |
| Total assets |
1,486,684 |
1,549,504 |
| Current liabilities: |
|
|
| Current portion of notes payable and long-term debt |
239,867 |
256,134 |
| Current portion of fair value of derivatives embedded within convertible debt |
11,105 |
6,635 |
| Current payments due under the Master Settlement Agreement |
132,377 |
36,561 |
| Income taxes payable, net |
29,427 |
5,252 |
| Current operating lease liability |
19,344 |
|
| Other current liabilities |
174,722 |
180,338 |
| Total current liabilities |
606,842 |
484,920 |
| Notes payable, long-term debt and other obligations, less current portion |
1,178,241 |
1,386,697 |
| Fair value of derivatives embedded within convertible debt |
0 |
24,789 |
| Non-current employee benefits |
62,560 |
61,288 |
| Deferred income taxes, net |
34,378 |
37,411 |
| Non-current operating lease liability |
154,254 |
|
| Payments due under the Master Settlement Agreement |
17,275 |
16,383 |
| Other liabilities |
61,807 |
85,382 |
| Total liabilities |
2,115,357 |
2,096,870 |
| Commitments and contingencies (Note 9) |
|
|
| Stockholders' deficiency: |
|
|
| Preferred stock, par value $1.00 per share, 10,000,000 shares authorized |
0 |
0 |
| Common stock, par value $0.10 per share, 250,000,000 shares authorized, 147,790,061 and 140,914,642 shares issued and outstanding |
14,779 |
14,092 |
| Accumulated deficit |
(620,791) |
(542,169) |
| Accumulated other comprehensive loss |
(23,149) |
(19,982) |
| Total Vector Group Ltd. stockholders' deficiency |
(629,161) |
(548,059) |
| Non-controlling interest |
488 |
693 |
| Total stockholders' deficiency |
(628,673) |
(547,366) |
| Total liabilities and stockholders' deficiency |
$ 1,486,684 |
$ 1,549,504 |