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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Total revenues $ 538,432 $ 481,488 $ 959,356 $ 910,454
Cost of sales:        
Total cost of sales 368,174 332,766 654,194 627,041
Operating, selling, administrative and general expenses 93,359 86,336 185,673 175,412
Litigation settlement and judgment expense (income) 655 525 655 (1,944)
Operating income 76,244 61,861 118,834 109,945
Other income (expenses):        
Interest expense (32,753) (48,421) (70,273) (94,368)
Change in fair value of derivatives embedded within convertible debt 3,788 10,717 14,137 21,284
Equity in earnings (losses) from real estate ventures 6,391 (2,112) 3,952 (8,672)
Other, net 3,096 9,711 11,898 9,179
Income before provision for income taxes 56,766 31,756 78,548 37,368
Income tax expense 17,459 12,760 24,208 14,708
Net income 39,307 18,996 54,340 22,660
Net (income) loss attributed to non-controlling interest 0 (1,178) (80) 2,369
Net income attributed to Vector Group Ltd. $ 39,307 $ 17,818 $ 54,260 $ 25,029
Per basic common share:        
Net income applicable to common shares attributed to Vector Group Ltd. (in dollars per share) $ 0.27 $ 0.12 $ 0.36 $ 0.15
Per diluted common share:        
Net income applicable to common shares attributed to Vector Group Ltd. (in dollars per share) $ 0.27 $ 0.12 $ 0.35 $ 0.15
Tobacco        
Revenues:        
Total revenues [1] $ 294,501 $ 274,833 $ 551,257 $ 541,949
Cost of sales:        
Total cost of sales [1] 204,461 192,761 381,764 377,723
Litigation settlement and judgment expense (income)   525   525
Real estate        
Revenues:        
Total revenues 243,931 206,655 408,099 368,505
Cost of sales:        
Total cost of sales 163,713 $ 140,005 272,430 $ 249,318
Litigation settlement and judgment expense (income) $ 655   $ 655  
[1] Revenues and cost of sales include federal excise taxes of $119,943, $115,970, $224,576, and $228,771, respectively.