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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:      
Revenue $ 1,441,009 $ 1,220,700 $ 1,228,682
Cost of sales:      
Total cost of sales 998,658 769,542 819,602
Operating, selling, administrative and general expenses 103,102 131,418 116,598
Litigation settlement and judgment expense 239 211 337
Net gains on sales of assets 0 (910) (2,283)
Operating income 339,010 320,439 294,428
Other income (expenses):      
Interest expense (110,665) (112,728) (121,278)
Gain (loss) on extinguishment of debt 412 (21,362) 0
Change in fair value of derivatives embedded within convertible debt 0 0 4,999
Equity in (losses) earnings from investments (4,995) 2,675 56,268
Equity in (losses) earnings from real estate ventures (5,946) 10,250 (44,728)
Other, net 2,746 10,687 (8,646)
Income before provision for income taxes 220,562 209,961 181,043
Income tax expense 61,861 62,807 54,121
Income from continuing operations 158,701 147,154 126,922
Income (loss) from discontinued operations, net of income taxes 0 72,119 (33,984)
Net income 158,701 219,273 92,938
Net loss from continuing operations attributed to non-controlling interest 0 0 0
Net loss from discontinued operations attributed to non-controlling interest 0 190 0
Net loss attributed to non-controlling interest 0 190 0
Net income attributed to Vector Group Ltd. from continuing operations 158,701 147,154 126,922
Net income (loss) attributed to Vector Group Ltd. from discontinued operations 0 72,309 (33,984)
Net income $ 158,701 $ 219,463 $ 92,938
Per basic common share:      
Net income (loss) from continued operations applicable to common shares attributed to Vector Group Ltd. (in dollars per share) $ 1.01 $ 0.94 $ 0.83
Net income (loss) from discontinued operations applicable to common shares attributed to Vector Group Ltd. (in dollars per share) 0 0.46 (0.23)
Net income applicable to common shares attributed to Vector Group Ltd. (in dollars per share) 1.01 1.40 0.60
Per diluted common share:      
Net income from continuing operations applicable to common shares attributed to Vector Group Ltd. (in dollars per share) 1.01 0.94 0.83
Net income (loss) from discontinued operations applicable to common shares attributed to Vector Group Ltd. (in dollars per share) 0 0.46 (0.23)
Net income applicable to common share attributed to Vector Group Ltd. (in dollars per share) $ 1.01 $ 1.40 $ 0.60
Tobacco      
Revenues:      
Revenue [1] $ 1,425,125 $ 1,202,497 $ 1,204,501
Cost of sales:      
Total cost of sales [1] 991,331 758,015 795,904
Real Estate      
Revenues:      
Revenue 15,884 18,203 24,181
Cost of sales:      
Total cost of sales $ 7,327 $ 11,527 $ 23,698
[1] Revenues and cost of sales include federal excise taxes of $520,760, $434,695 and $461,532 for the years ended December 31, 2022, 2021 and 2020, respectively.