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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:      
Total revenues $ 1,903,711 $ 1,870,262 $ 1,807,476
Cost of sales:      
Total cost of sales 1,301,579 1,292,484 1,228,046
Operating, selling, administrative and general expenses 370,007 355,513 337,191
Litigation settlement and judgment expense (income) 990 (1,784) 6,591
Operating income 231,135 224,049 235,648
Other income (expenses):      
Interest expense (138,448) (203,780) (173,685)
Loss on extinguishment of debt (4,301) (4,066) (34,110)
Change in fair value of derivatives embedded within convertible debt 26,425 44,989 35,919
Equity in (losses) earnings from real estate ventures (19,288) 14,446 21,395
Other, net 38,305 3,921 4,001
Income before provision for income taxes 133,828 79,559 89,168
Income tax expense (benefit) 32,813 21,552 (1,582)
Net income 101,015 58,007 90,750
Net (income) loss attributed to non-controlling interest (41) 98 (6,178)
Net income attributed to Vector Group Ltd. $ 100,974 $ 58,105 $ 84,572
Per basic common share:      
Net income applicable to common share attributed to Vector Group Ltd. (in dollars per share) $ 0.64 $ 0.35 $ 0.54
Per diluted common share:      
Net income applicable to common share attributed to Vector Group Ltd. (in dollars per share) $ 0.63 $ 0.35 $ 0.54
Tobacco      
Revenues:      
Total revenues [1] $ 1,114,840 $ 1,111,094 $ 1,080,950
Cost of sales:      
Total cost of sales [1] 771,130 787,251 750,768
Litigation settlement and judgment expense (income) 990 685 6,591
Real Estate      
Revenues:      
Total revenues 788,871 759,168 727,364
Cost of sales:      
Total cost of sales 530,449 505,233 477,278
Corporate and other      
Revenues:      
Total revenues $ 0 $ 0 $ (838)
[1]
Revenues and cost of sales include federal excise taxes of $451,256, $469,836 and $460,561 for the years ended December 31, 2019, 2018 and 2017, respectively.