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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Revenue $ 1,424,268 $ 1,441,009 $ 1,220,700
Cost of sales:      
Total cost of sales 965,348 998,658 769,542
Operating, selling, administrative and general expenses 112,086 103,102 131,418
Litigation settlement and judgment expense 18,799 239 211
Net gains on sales of assets 0 0 (910)
Operating income 328,035 339,010 320,439
Other income (expenses):      
Interest expense (108,617) (110,665) (112,728)
(Loss) gain on extinguishment of debt (549) 412 (21,362)
Equity in earnings (losses) from investments 1,262 (4,995) 2,675
Equity in earnings (losses) from real estate ventures 2,202 (5,946) 10,250
Other, net 26,119 2,746 10,687
Income before provision for income taxes 248,452 220,562 209,961
Income tax expense 64,926 61,861 62,807
Income from continuing operations 183,526 158,701 147,154
Income from discontinued operations, net of income taxes 0 0 72,119
Net income 183,526 158,701 219,273
Net loss from continuing operations attributed to non-controlling interest 0 0 0
Net loss from discontinued operations attributed to non-controlling interest 0 0 190
Net loss attributed to non-controlling interest 0 0 190
Net income attributed to Vector Group Ltd. from continuing operations 183,526 158,701 147,154
Net income attributed to Vector Group Ltd. from discontinued operations 0 0 72,309
Net income $ 183,526 $ 158,701 $ 219,463
Per basic common share:      
Net income from continuing operations applicable to common shares attributed to Vector Group Ltd. (in dollars per share) $ 1.17 $ 1.01 $ 0.94
Net income from discontinued operations applicable to common shares attributed to Vector Group Ltd. (in dollars per share) 0 0 0.46
Net income applicable to common shares attributed to Vector Group Ltd. (in dollars per share) 1.17 1.01 1.40
Per diluted common share:      
Net income from continuing operations applicable to common shares attributed to Vector Group Ltd. (in dollars per share) 1.16 1.01 0.94
Net income from discontinued operations applicable to common shares attributed to Vector Group Ltd. (in dollars per share) 0 0 0.46
Net income applicable to common share attributed to Vector Group Ltd. (in dollars per share) $ 1.16 $ 1.01 $ 1.40
Tobacco      
Revenues:      
Revenue [1] $ 1,424,268 $ 1,425,125 $ 1,202,497
Cost of sales:      
Total cost of sales [1] 965,348 991,331 758,015
Real estate      
Revenues:      
Revenue 0 15,884 18,203
Cost of sales:      
Total cost of sales $ 0 $ 7,327 $ 11,527
[1] Revenues and cost of sales include federal excise taxes of $486,263, $520,760 and $434,695 for the years ended December 31, 2023, 2022 and 2021, respectively.