|
Consolidated Balance Sheets - USD ($)
$ in Thousands
|
Dec. 31, 2021
|
Dec. 31, 2020
|
|---|
| Current assets: |
|
|
| Cash and cash equivalents |
$ 193,411 |
$ 258,421 |
| Investment securities at fair value |
146,687 |
135,585 |
| Accounts receivable - trade, net |
16,067 |
16,334 |
| Inventories |
94,615 |
97,545 |
| Income taxes receivable, net |
10,948 |
0 |
| Other current assets |
10,075 |
7,653 |
| Current assets of discontinued operations |
0 |
148,365 |
| Total current assets |
471,803 |
663,903 |
| Property, plant and equipment, net |
36,883 |
35,285 |
| Investments in real estate, net |
9,098 |
15,631 |
| Long-term investments (includes $32,089 and $33,981 at fair value) |
53,073 |
52,291 |
| Investments in real estate ventures |
105,062 |
85,400 |
| Operating lease right-of-use assets |
10,972 |
12,253 |
| Intangible assets |
107,511 |
107,511 |
| Other assets |
76,685 |
65,518 |
| Long-term assets of discontinued operations |
0 |
305,617 |
| Total assets |
871,087 |
1,343,409 |
| Current liabilities: |
|
|
| Current portion of notes payable and long-term debt |
79 |
57 |
| Current payments due under the Master Settlement Agreement |
11,886 |
38,767 |
| Current operating lease liability |
3,838 |
3,454 |
| Income taxes payable, net |
0 |
5,830 |
| Other current liabilities |
149,487 |
135,558 |
| Current liabilities of discontinued operations |
0 |
99,649 |
| Total current liabilities |
165,290 |
283,315 |
| Notes payable, long-term debt and other obligations, less current portion |
1,398,591 |
1,380,809 |
| Non-current employee benefits |
68,970 |
66,616 |
| Deferred income taxes, net |
34,768 |
18,944 |
| Non-current operating lease liability |
8,853 |
10,903 |
| Payments due under the Master Settlement Agreement |
13,224 |
17,933 |
| Other liabilities |
22,944 |
20,464 |
| Long-term liabilities of discontinued operations |
0 |
204,112 |
| Total liabilities |
1,712,640 |
2,003,096 |
| Commitments and contingencies (Notes 5 and 15) |
|
|
| 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, 153,959,427 and 153,324,629 shares issued and outstanding |
15,396 |
15,332 |
| Additional paid-in capital |
11,172 |
0 |
| Accumulated deficit |
(852,398) |
(653,945) |
| Accumulated other comprehensive loss |
(15,723) |
(21,074) |
| Total Vector Group Ltd. stockholders' deficiency |
(841,553) |
(659,687) |
| Total liabilities and stockholders' deficiency |
$ 871,087 |
$ 1,343,409 |
