|
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
|
Jun. 30, 2020
|
Dec. 31, 2019
|
|---|
| Current assets: |
|
|
| Cash and cash equivalents |
$ 540,363 |
$ 371,341 |
| Investment securities at fair value |
88,643 |
129,641 |
| Accounts receivable - trade, net |
32,760 |
36,959 |
| Inventories |
98,609 |
98,762 |
| Other current assets |
38,363 |
44,911 |
| Total current assets |
798,738 |
681,614 |
| Property, plant and equipment, net |
77,617 |
82,160 |
| Investments in real estate, net |
28,876 |
28,317 |
| Long-term investment securities at fair value |
33,232 |
45,781 |
| Investments in real estate ventures |
115,377 |
131,556 |
| Operating lease right-of-use assets |
148,662 |
149,578 |
| Goodwill and other intangible assets, net |
207,659 |
265,993 |
| Other assets |
121,586 |
120,090 |
| Total assets |
1,531,747 |
1,505,089 |
| Current liabilities: |
|
|
| Current portion of notes payable and long-term debt |
8,853 |
209,269 |
| Current portion of fair value of derivatives embedded within convertible debt |
0 |
4,999 |
| Current payments due under the Master Settlement Agreement |
102,125 |
34,116 |
| Income taxes payable, net |
36,831 |
5,138 |
| Current operating lease liability |
18,268 |
18,294 |
| Other current liabilities |
332,034 |
189,317 |
| Total current liabilities |
498,111 |
461,133 |
| Notes payable, long-term debt and other obligations, less current portion |
1,398,194 |
1,397,216 |
| Non-current employee benefits |
61,025 |
67,853 |
| Deferred income taxes, net |
12,438 |
33,695 |
| Non-current operating lease liability |
159,296 |
156,963 |
| Payments due under the Master Settlement Agreement |
18,130 |
17,275 |
| Other liabilities |
53,757 |
55,970 |
| Total liabilities |
2,200,951 |
2,190,105 |
| Commitments and contingencies (Note 9) |
|
|
| 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, 153,484,477 and 148,084,900 shares issued and outstanding |
15,348 |
14,808 |
| Accumulated deficit |
(663,723) |
(678,464) |
| Accumulated other comprehensive loss |
(20,829) |
(21,808) |
| Total Vector Group Ltd. stockholders' deficiency |
(669,204) |
(685,464) |
| Non-controlling interest |
0 |
448 |
| Total stockholders' deficiency |
(669,204) |
(685,016) |
| Total liabilities and stockholders' deficiency |
$ 1,531,747 |
$ 1,505,089 |