Segment Information (Tables)

12 Months Ended

Dec. 31, 2016

Financial information for the Company’s operations before taxes and non-controlling interests

Financial information for the Company’s operations before taxes and non-controlling interests for the years ended December 31, 2016, 2015 and 2014 follows:



							Real			Corporate
	Tobacco			E-Cigarettes			Estate			and Other					Total

2016
Revenues	$	1,011,620		$	(776	)	$	680,105		$	—				$	1,690,949
Operating income (loss)	238,293		(1)	(1,403		)	23,001			(26,894		)			232,997
Equity in earnings from real estate ventures	—			—			5,200			—					5,200
Identifiable assets	328,349			68			573,350		(4)	502,268			(5)	(6)	1,404,035
Depreciation and amortization	10,224			—			10,485			1,650					22,359
Capital expenditures	6,445			—			20,160			86					26,691

2015
Revenues	$	1,017,761		$	(1,970	)	$	641,406		$	—				$	1,657,197
Operating income (loss)	209,393		(2)	(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)	350,499			(5)	(6)	1,280,615
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		(3)	(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)	556,975			(5)	(6)	1,389,042
Depreciation and amortization	10,885			—			12,204			1,410					24,499
Capital expenditures	9,256			—			6,923			7,225					23,404

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⁽¹⁾	Operating income includes $247 of expense from MSA Settlement, $20,000 of litigation judgment expense, and $41 of restructuring expense.


⁽²⁾	Operating income includes $4,364 of income from MSA Settlement, $20,072 of litigation settlement and judgment expense, $7,257 of restructuring expense, and $1,607 of pension settlement expense.


⁽³⁾	Operating income includes $1,419 of income from NPM Settlement and $2,475 of litigation settlement charges and judgment expense.


⁽⁴⁾	Includes real estate investments accounted for under the equity method of accounting of $221,258, $217,168 and $163,460 as of December 31, 2016, 2015 and 2014, respectively.

⁽⁵⁾

Corporate and Other identifiable assets primarily includes cash of $280,691, investment securities of $156,903, and long-term investments of $34,975 as of December 31, 2016. 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.


⁽⁶⁾	Includes long-term investments accounted for under the equity method of accounting of $17,721, $21,495 and $20,484 as of December 31, 2016, 2015 and 2014, respectively.