Segment Information (Tables)

12 Months Ended

Dec. 31, 2015

Financial information for the company's operations before taxes and minority interests

Financial information for the Company’s operations before taxes and non-controlling interests for the years ended December 31, 2015, 2014 and 2013 follows:



							Real			Corporate
	Tobacco			E-Cigarettes			Estate			and Other					Total

2015
Revenues	$	1,017,761		$	(1,970	)	$	641,406		$	—				$	1,657,197
Operating income (loss)	209,393		(1)	(13,037		)	24,087			(20,523		)			199,920
Equity in earnings from real estate ventures	—			—			2,001			—					2,001
Identifiable assets	344,033			985			585,098		(4)	380,640			(5)	(6)	1,310,756
Depreciation and amortization	11,323			—			12,589			1,742					25,654
Capital expenditures	3,730			—			7,247			—					10,977

2014
Revenues	$	1,021,259		$	8,589		$	561,467		$	—				$	1,591,315
Operating income (loss)	199,119		(2)	(13,124		)	42,354			(15,911		)			212,438
Equity in earnings from real estate ventures	—			—			4,103			—					4,103
Identifiable assets	325,870			8,139			498,058		(4)	591,187			(5)	(6)	1,423,254
Depreciation and amortization	10,885			—			12,204			1,410					24,499
Capital expenditures	9,256			—			6,923			7,225					23,404

2013
Revenues	$	1,014,341		$	—		$	65,580		$	—				$	1,079,921
Operating income (loss)	113,039		(3)	(1,018		)	15,805			(16,640		)			111,186
Equity in earnings from real estate ventures	—			—			22,925			—					22,925
Identifiable assets	328,084			8,950			421,240		(4)	357,519			(5)	(6)	1,115,793
Depreciation and amortization	9,509			—			2,421			701					12,631
Capital expenditures	9,784			—			1,194			2,297					13,275

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⁽¹⁾	Operating income includes $4,364 of income from MSA Settlement, $20,072 of litigation judgment expense, $7,257 of restructuring expense, and $1,607 of pension settlement expense.


⁽²⁾	Operating income includes $1,419 of income from NPM Settlement and $2,475 of litigation settlement charges and judgment expense.


⁽³⁾	Operating income includes $11,823 of income from MSA Settlements, $86,213 of Engle progeny settlement charge, and $1,893 of litigation judgment expense for the year ended and December 31, 2014.


⁽⁴⁾	Includes real estate investments accounted for under the equity method of accounting of $217,168, $163,460 and $128,202 as of December 31, 2015, 2014 and 2013, respectively.

⁽⁵⁾

Corporate and Other identifiable assets primarily includes cash of $112,130, investment securities of $181,976, and long-term investments of $62,225 as of December 31, 2015. Corporate and other identifiable assets primarily includes cash of $213,227, investment securities of $269,100, and long-term investments of $52,025 as of December 31, 2014. Corporate and other identifiable assets primarily includes cash of $152,189, investment securities of $119,430, and long-term investments of $42,452 as of December 31, 2013.


⁽⁶⁾	Includes long-term investments accounted for under the equity method of accounting of $21,495, $20,484 and $22,411 as of December 31, 2015, 2014 and 2013, respectively.