Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
|
Sep. 30, 2020
|
Dec. 31, 2019
|
---|
Current assets: |
|
|
Cash and cash equivalents |
$ 451,071 |
$ 371,341 |
Investment securities at fair value |
124,092 |
129,641 |
Accounts receivable - trade, net |
43,999 |
36,959 |
Inventories |
94,548 |
98,762 |
Other current assets |
38,713 |
44,911 |
Total current assets |
752,423 |
681,614 |
Property, plant and equipment, net |
76,067 |
82,160 |
Investments in real estate, net |
9,786 |
28,317 |
Long-term investment securities at fair value |
31,619 |
45,781 |
Investments in real estate ventures |
102,458 |
131,556 |
Operating lease right-of-use assets |
147,959 |
149,578 |
Goodwill and other intangible assets, net |
207,618 |
265,993 |
Other assets |
115,048 |
120,090 |
Total assets |
1,442,978 |
1,505,089 |
Current liabilities: |
|
|
Current portion of notes payable and long-term debt |
10,684 |
209,269 |
Current portion of fair value of derivatives embedded within convertible debt |
0 |
4,999 |
Current payments due under the Master Settlement Agreement |
145,472 |
34,116 |
Income taxes payable, net |
19,113 |
5,138 |
Current operating lease liability |
22,485 |
18,294 |
Other current liabilities |
194,028 |
189,317 |
Total current liabilities |
391,782 |
461,133 |
Notes payable, long-term debt and other obligations, less current portion |
1,395,964 |
1,397,216 |
Non-current employee benefits |
61,341 |
67,853 |
Deferred income taxes, net |
28,509 |
33,695 |
Non-current operating lease liability |
159,200 |
156,963 |
Payments due under the Master Settlement Agreement |
18,130 |
17,275 |
Other liabilities |
50,171 |
55,970 |
Total liabilities |
2,105,097 |
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, 153,293,358 and 148,084,900 shares issued and outstanding |
15,329 |
14,808 |
Accumulated deficit |
(656,781) |
(678,464) |
Accumulated other comprehensive loss |
(20,667) |
(21,808) |
Total Vector Group Ltd. stockholders' deficiency |
(662,119) |
(685,464) |
Non-controlling interest |
0 |
448 |
Total stockholders' deficiency |
(662,119) |
(685,016) |
Total liabilities and stockholders' deficiency |
$ 1,442,978 |
$ 1,505,089 |