Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2023

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operation

The financial results of Douglas Elliman through the Distribution are presented as income from discontinued operations, net of income taxes on the Company’s consolidated statements of operations. The following table presents financial results of Douglas Elliman for the periods prior to the completion of the Distribution:

	Year Ended December 31,
	2023		2022		2021
	(Dollars in thousands, except per share amounts)
Revenues:
Real estate	$	—	$	—	$	1,344,825
Expenses:
Cost of sales	—		—		989,436
Operating, selling, administrative and general expenses	—		—		253,942
Operating income	—		—		101,447
Other expenses:
Interest expense	—		—		(164)
Equity in losses from real estate ventures	—		—		(278)
Other, net	—		—		(870)
Pretax income from discontinued operations	—		—		100,135
Income tax expense	—		—		28,016
Income from discontinued operations	—		—		72,119
Net loss from discontinued operations attributed to non-controlling interest	—		—		190
Net income from discontinued operations attributed to Vector Group Ltd.	$	—	$	—	$	72,309

The following table presents the information regarding certain components of cash flows from discontinued operations:

	Year Ended December 31,
	2023		2022		2021
	(Dollars in thousands, except per share amounts)
Depreciation and amortization	$	—	$	—	$	8,561
Non-cash lease expense	—		—		18,667
Capital expenditures	—		—		(4,106)