FINANCIAL INFORMATION

FINANCIAL INFORMATION

Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 584,581 $ 301,353
Investment securities at fair value 131,569 150,489
Accounts receivable - trade, net 34,246 29,481
Inventories 90,997 89,790
Income taxes receivable, net 0 11,217
Restricted assets 4,477 10,258
Other current assets 26,351 21,121
Total current assets 872,221 613,709
Property, plant and equipment, net 86,736 85,516
Investments in real estate, net 26,220 23,952
Long-term investments (of which $54,628 and $0 were carried at fair value) 66,259 81,291
Investments in real estate ventures 141,105 188,131
Restricted assets 6,306 3,488
Goodwill and other intangible assets, net 266,611 267,708
Prepaid pension costs 23,869 27,697
Other assets 60,177 36,786
Total assets 1,549,504 1,328,278
Current liabilities:    
Current portion of notes payable and long-term debt 256,134 33,820
Current portion of fair value of derivatives embedded within convertible debt 6,635 0
Current payments due under the Master Settlement Agreement 36,561 12,384
Current portion of employee benefits 875 952
Income taxes payable, net 5,252 100
Litigation accruals 310 260
Other current liabilities 179,153 157,123
Total current liabilities 484,920 204,639
Notes payable, long-term debt and other obligations, less current portion 1,386,697 1,194,244
Fair value of derivatives embedded within convertible debt 24,789 76,413
Non-current employee benefits 61,288 62,242
Deferred income taxes, net 37,411 58,801
Payments due under the Master Settlement Agreement 16,383 21,479
Litigation accruals 21,794 19,840
Other liabilities 63,588 22,380
Total liabilities 2,096,870 1,660,038
Commitments and contingencies (Notes 11 and 15)    
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,140,914,642 and 134,365,424 shares issued and outstanding 14,092 13,437
Accumulated deficit (542,169) (414,785)
Accumulated other comprehensive loss (19,982) (12,571)
Total Vector Group Ltd. stockholders' deficiency (548,059) (413,919)
Non-controlling interest 693 82,159
Total stockholders' deficiency (547,366) (331,760)
Total liabilities and stockholders' deficiency $ 1,549,504 $ 1,328,278