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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Total revenues $ 513,869 $ 484,625 $ 1,424,323 $ 1,371,822
Cost of sales:        
Total cost of sales 360,302 338,116 987,343 928,933
Operating, selling, administrative and general expenses 87,549 82,682 262,961 249,654
Litigation settlement and judgment expense (income) 0 4,104 (1,944) 5,791
Operating income 66,018 59,723 175,963 187,444
Other income (expenses):        
Interest expense (51,084) (43,234) (145,452) (136,146)
Loss on extinguishment of debt 0 0 0 (34,110)
Change in fair value of derivatives embedded within convertible debt 10,005 9,437 31,289 26,142
Equity in earnings (losses) from real estate ventures 294 (47) (8,378) 26,357
Equity in earnings (losses) from investments 3,230 (303) 9,205 (2,823)
Net loss recognized on equity securities (797) 0 (306) 0
Other, net 2,048 1,374 4,761 3,452
Income before provision for income taxes 29,714 26,950 67,082 70,316
Income tax expense 14,686 6,472 29,394 22,517
Net income 15,028 20,478 37,688 47,799
Net income attributed to non-controlling interest (3,026) (1,214) (657) (5,951)
Net income attributed to Vector Group Ltd. $ 12,002 $ 19,264 $ 37,031 $ 41,848
Per basic common share:        
Net income applicable to common shares attributed to Vector Group Ltd. (in dollars per share) $ 0.07 $ 0.13 $ 0.23 $ 0.27
Per diluted common share:        
Net income applicable to common shares attributed to Vector Group Ltd. (in dollars per share) 0.07 0.13 0.23 0.27
Dividends declared per share (in dollars per share) $ 0.38 $ 0.36 $ 1.14 $ 1.09
Tobacco        
Revenues:        
Total revenues [1] $ 302,009 $ 294,245 $ 843,958 $ 823,876
Cost of sales:        
Total cost of sales [1] 219,769 207,800 597,492 570,461
Litigation settlement and judgment expense (income)   4,104 525 5,791
Real estate        
Revenues:        
Total revenues 211,860 190,860 580,365 548,426
Cost of sales:        
Total cost of sales 140,533 130,316 389,851 358,472
Corporate and Other        
Revenues:        
Total revenues $ 0 $ (480) $ 0 $ (480)
[1] Revenues and cost of sales include federal excise taxes of $130,428, $126,912, $359,199 and $351,474, respectively.