Segment Information (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Financial Information for the Company’s Operations Before Taxes and Non-controlling Interests

Financial information for the Company’s operations before taxes and non-controlling interests for the years ended December 31, 2023, 2022 and 2021 was as follows:


				Real			Corporate
	Tobacco			Estate			and Other			Total

2023
Revenues	$	1,424,268		$	—		$	—		$	1,424,268
Operating income (loss)	346,673		(1)	313			(18,951)			328,035
Equity in earnings from real estate ventures	—			2,202			—			2,202
Identifiable assets	320,925			156,690		(4)	456,480		(6)	934,095
Depreciation and amortization	5,686			—			1,255			6,941
Capital expenditures	10,279			—			278			10,557

2022
Revenues	$	1,425,125		$	15,884		$	—		$	1,441,009
Operating income (loss)	347,044		(2)	8,016			(16,050)			339,010
Equity in losses from real estate ventures	—			(5,946)			—			(5,946)
Identifiable assets of continuing operations	343,874			137,747		(4)	426,970		(6)	908,591
Depreciation and amortization	5,901			66			1,251			7,218
Capital expenditures	9,872			1			84			9,957

2021
Revenues	$	1,202,497		$	18,203		$	—		$	1,220,700
Operating income (loss)	360,317		(3)	4,066			(43,944)		(5)	320,439
Equity in earnings from real estate ventures	—			10,250			—			10,250
Identifiable assets of continuing operations	302,051			128,256		(4)	440,780		(6)	871,087
Depreciation and amortization	6,525			249			1,042			7,816
Capital expenditures	5,827			3			3,570			9,400

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(1)Includes $734 received from a litigation settlement associated with the MSA (which reduced cost of sales) and $18,799 of litigation settlement and judgment expense.

(2)Includes $2,123 received from a litigation settlement associated with the MSA (which reduced cost of sales) and $239 of litigation settlement and judgment expense.

(3)Includes $2,722 received from a litigation settlement associated with the MSA (which reduced cost of sales) and $211 of litigation settlement and judgment expense.

(4)Includes real estate investments accounted for under the equity method of accounting of $131,497, $121,117 and $105,062 as of December 31, 2023, 2022 and 2021, respectively.

(5)Includes transaction expenses of $10,468 and accelerated stock compensation of $4,317 related to the Distribution of Douglas Elliman; and $910 of gain on sale of assets.

(6)Includes cash of $251,732, investment securities of $110,935 and long-term investments of $46,760 as of December 31, 2023; cash of $213,988, investment securities of $116,436, and long-term investments of $44,959 as of December 31, 2022; and cash of $167,383, investment securities of $146,687, and long-term investments of $53,073 as of December 31, 2021.