Equity Method Investments |
A summary of the unaudited condensed financial information of the unconsolidated entities that are accounted for by the equity method is as follows (in thousands): | | | | | | | | | | March 31, 2019 | | December 31, 2018 | Assets: | | | | Cash | $ | 5,831 |
|
| $ | 14,584 |
| Accounts receivable | 2,100 |
|
| 1,259 |
| Bonds and notes receivable | 5,864 |
|
| 5,864 |
| Loans held for sale, at fair value | 2,732 |
|
| 3,083 |
| Inventory | 50,065 |
|
| 44,375 |
| Other assets | 3,797 |
|
| 3,132 |
| Total assets | $ | 70,389 |
|
| $ | 72,297 |
| Liabilities: | | | | Accounts payable | $ | 3,717 |
|
| $ | 2,173 |
| Accrued expenses and other liabilities | 5,284 |
|
| 5,328 |
| Notes payable | 26,748 |
|
| 31,402 |
| Total liabilities | $ | 35,749 |
|
| $ | 38,903 |
| Owners’ equity: |
|
|
|
|
| Green Brick | $ | 17,272 |
|
| $ | 15,653 |
| Others | 17,368 |
|
| 17,741 |
| Total owners’ equity | $ | 34,640 |
|
| $ | 33,394 |
| Total liabilities and owners’ equity | $ | 70,389 |
|
| $ | 72,297 |
|
| | | | | | | | | | Three Months Ended March 31, | | 2019 | | 2018 | Revenues | $ | 31,097 |
|
| $ | 33,103 |
| Costs and expenses | 27,317 |
|
| 30,025 |
| Net earnings of unconsolidated entities | $ | 3,780 |
|
| $ | 3,078 |
| Company’s share in net earnings of unconsolidated entities | $ | 1,846 |
|
| $ | 1,536 |
|
|