XML 105 R92.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidating Financial Information (Balance Sheets) (Details) - USD ($)
$ in Thousands
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Current assets:            
Cash and cash equivalents $ 540,363   $ 371,341      
Investment securities at fair value 88,643   129,641      
Accounts receivable - trade, net 32,760   36,959      
Intercompany receivables 0   0      
Inventories 98,609   98,762      
Income taxes receivable, net 0   0      
Other current assets 38,363   44,911      
Total current assets 798,738   681,614      
Property, plant and equipment, net 77,617   82,160      
Investments in real estate, net 28,876   28,317      
Long-term investment securities at fair value 33,232   45,781      
Investments in real estate ventures 115,377   131,556      
Operating lease right-of-use assets 148,662   149,578      
Investments in consolidated subsidiaries 0   0      
Goodwill and other intangible assets, net 207,659   265,993      
Other assets 121,586   120,090      
Total assets 1,531,747   1,505,089      
Current liabilities:            
Current portion of notes payable and long-term debt 8,853   209,269      
Current portion of fair value of derivatives embedded within convertible debt 0   4,999      
Intercompany payables 0   0      
Income taxes payable, net 36,831   5,138      
Current payments due under the Master Settlement Agreement 102,125   34,116      
Current operating lease liability 18,268   18,294      
Other current liabilities 332,034   189,317      
Total current liabilities 498,111   461,133      
Notes payable, long-term debt and other obligations, less current portion 1,398,194   1,397,216      
Non-current employee benefits 61,025   67,853      
Deferred income taxes, net 12,438   33,695      
Non-current operating lease liability 159,296   156,963      
Other liabilities, primarily litigation accruals and payments due under the Master Settlement Agreement 71,887   73,245      
Total liabilities 2,200,951   2,190,105      
Commitments and contingencies        
Total Vector Group Ltd. stockholders' deficiency (669,204)   (685,464)      
Non-controlling interest 0   448      
Total stockholders' deficiency (669,204) $ (718,999) (685,016) $ (606,696) $ (590,101) $ (547,366)
Total liabilities and stockholders' deficiency 1,531,747   1,505,089      
Consolidating Adjustments            
Current assets:            
Cash and cash equivalents 0   0      
Investment securities at fair value 0   0      
Accounts receivable - trade, net 0   0      
Intercompany receivables (45,946)   (44,043)      
Inventories 0   0      
Income taxes receivable, net (7,696)   (95)      
Other current assets (475)   0      
Total current assets (54,117)   (44,138)      
Property, plant and equipment, net 0   0      
Investments in real estate, net 0   0      
Long-term investment securities at fair value 0   0      
Investments in real estate ventures 0   0      
Operating lease right-of-use assets 0   0      
Investments in consolidated subsidiaries (529,772)   (658,393)      
Goodwill and other intangible assets, net 0   0      
Other assets 0   0      
Total assets (583,889)   (702,531)      
Current liabilities:            
Current portion of notes payable and long-term debt (8,750)   (10,000)      
Current portion of fair value of derivatives embedded within convertible debt     0      
Intercompany payables (45,946)   (44,043)      
Income taxes payable, net (7,696)   (95)      
Current payments due under the Master Settlement Agreement 0   0      
Current operating lease liability 0   0      
Other current liabilities (218)   (897)      
Total current liabilities (62,610)   (55,035)      
Notes payable, long-term debt and other obligations, less current portion (18,750)   (20,000)      
Non-current employee benefits 0   0      
Deferred income taxes, net 0   0      
Non-current operating lease liability 0   0      
Other liabilities, primarily litigation accruals and payments due under the Master Settlement Agreement (1,317)   (3,147)      
Total liabilities (82,677)   (78,182)      
Commitments and contingencies        
Total Vector Group Ltd. stockholders' deficiency (501,212)   (624,349)      
Non-controlling interest 0   0      
Total stockholders' deficiency (501,212)   (624,349)      
Total liabilities and stockholders' deficiency (583,889)   (702,531)      
Parent/Issuer            
Current liabilities:            
Current operating lease liability     508      
Parent/Issuer | Reportable Legal Entities            
Current assets:            
Cash and cash equivalents 261,167   272,282      
Investment securities at fair value 88,643   129,641      
Accounts receivable - trade, net 0   0      
Intercompany receivables 45,946   44,043      
Inventories 0   0      
Income taxes receivable, net 0   0      
Other current assets 2,560   9,159      
Total current assets 398,316   455,125      
Property, plant and equipment, net 413   425      
Investments in real estate, net 0   0      
Long-term investment securities at fair value 33,232   45,781      
Investments in real estate ventures 0   0      
Operating lease right-of-use assets 6,521   7,085      
Investments in consolidated subsidiaries 365,814   420,353      
Goodwill and other intangible assets, net 0   0      
Other assets 30,250   31,022      
Total assets 834,546   959,791      
Current liabilities:            
Current portion of notes payable and long-term debt 0   163,932      
Current portion of fair value of derivatives embedded within convertible debt     4,999      
Intercompany payables 0   0      
Income taxes payable, net 37,394   2,398      
Current payments due under the Master Settlement Agreement 0   0      
Current operating lease liability 754          
Other current liabilities 45,267   52,065      
Total current liabilities 83,415   223,902      
Notes payable, long-term debt and other obligations, less current portion 1,378,871   1,377,108      
Non-current employee benefits 51,599   50,806      
Deferred income taxes, net (17,310)   (14,492)      
Non-current operating lease liability 6,787   7,558      
Other liabilities, primarily litigation accruals and payments due under the Master Settlement Agreement 388   373      
Total liabilities 1,503,750   1,645,255      
Commitments and contingencies        
Total Vector Group Ltd. stockholders' deficiency (669,204)   (685,464)      
Non-controlling interest 0   0      
Total stockholders' deficiency (669,204)   (685,464)      
Total liabilities and stockholders' deficiency 834,546   959,791      
Subsidiary Guarantors | Reportable Legal Entities            
Current assets:            
Cash and cash equivalents 217,748   27,178      
Investment securities at fair value 0   0      
Accounts receivable - trade, net 13,222   15,646      
Intercompany receivables 0   0      
Inventories 98,609   98,762      
Income taxes receivable, net 0   0      
Other current assets 8,069   9,021      
Total current assets 337,648   150,607      
Property, plant and equipment, net 32,245   33,816      
Investments in real estate, net 0   0      
Long-term investment securities at fair value 0   0      
Investments in real estate ventures 0   0      
Operating lease right-of-use assets 3,918   4,830      
Investments in consolidated subsidiaries 163,958   238,040      
Goodwill and other intangible assets, net 107,511   107,511      
Other assets 47,092   46,416      
Total assets 692,372   581,220      
Current liabilities:            
Current portion of notes payable and long-term debt 8,816   45,210      
Current portion of fair value of derivatives embedded within convertible debt     0      
Intercompany payables 167   236      
Income taxes payable, net 7,133   2,835      
Current payments due under the Master Settlement Agreement 102,125   34,116      
Current operating lease liability 1,694   2,015      
Other current liabilities 223,205   78,947      
Total current liabilities 343,140   163,359      
Notes payable, long-term debt and other obligations, less current portion 18,827   20,089      
Non-current employee benefits 9,426   17,047      
Deferred income taxes, net 21,756   22,620      
Non-current operating lease liability 2,790   3,402      
Other liabilities, primarily litigation accruals and payments due under the Master Settlement Agreement 37,724   41,020      
Total liabilities 433,663   267,537      
Commitments and contingencies        
Total Vector Group Ltd. stockholders' deficiency 258,709   313,683      
Non-controlling interest 0   0      
Total stockholders' deficiency 258,709   313,683      
Total liabilities and stockholders' deficiency 692,372   581,220      
Subsidiary Non-Guarantors | Reportable Legal Entities            
Current assets:            
Cash and cash equivalents 61,448   71,881      
Investment securities at fair value 0   0      
Accounts receivable - trade, net 19,538   21,313      
Intercompany receivables 0   0      
Inventories 0   0      
Income taxes receivable, net 7,696   95      
Other current assets 28,209   26,731      
Total current assets 116,891   120,020      
Property, plant and equipment, net 44,959   47,919      
Investments in real estate, net 28,876   28,317      
Long-term investment securities at fair value 0   0      
Investments in real estate ventures 115,377   131,556      
Operating lease right-of-use assets 138,223   137,663      
Investments in consolidated subsidiaries 0   0      
Goodwill and other intangible assets, net 100,148   158,482      
Other assets 44,244   42,652      
Total assets 588,718   666,609      
Current liabilities:            
Current portion of notes payable and long-term debt 8,787   10,127      
Current portion of fair value of derivatives embedded within convertible debt     0      
Intercompany payables 45,779   43,807      
Income taxes payable, net 0   0      
Current payments due under the Master Settlement Agreement 0   0      
Current operating lease liability 15,820   15,771      
Other current liabilities 63,780   59,202      
Total current liabilities 134,166   128,907      
Notes payable, long-term debt and other obligations, less current portion 19,246   20,019      
Non-current employee benefits 0   0      
Deferred income taxes, net 7,992   25,567      
Non-current operating lease liability 149,719   146,003      
Other liabilities, primarily litigation accruals and payments due under the Master Settlement Agreement 35,092   34,999      
Total liabilities 346,215   355,495      
Commitments and contingencies        
Total Vector Group Ltd. stockholders' deficiency 242,503   310,666      
Non-controlling interest 0   448      
Total stockholders' deficiency 242,503   311,114      
Total liabilities and stockholders' deficiency $ 588,718   $ 666,609