Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.20.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
ASSETS    
Cash and cash equivalents $ 241,525 $ 190,009
Restricted cash ($17,456 and $22,534 in VIEs at March 31, 2020 and December 31, 2019, respectively) 34,090 49,637
Notes receivable 585,159 589,198
Less: Allowance for loan loss (155,166) (140,630)
Notes receivable, net ($288,435 and $292,590 in VIEs at March 31, 2020 and December 31, 2019, respectively) 429,993 448,568
Inventory 347,293 346,937
Prepaid expenses 27,805 10,501
Other assets 43,674 52,731
Operating lease assets 22,329 20,858
Intangible assets, net 61,494 61,515
Loan to related party 80,000 80,000
Property and equipment, net 98,248 99,262
Total assets 1,386,451 1,360,018
Liabilities    
Accounts payable 14,664 16,653
Accrued liabilities and other 79,553 103,948
Operating lease liabilities 23,608 22,124
Deferred income 15,343 18,074
Deferred income taxes 92,328 92,504
Receivable-backed notes payable - recourse 80,473 88,569
Receivable-backed notes payable - non-recourse (in VIEs) 339,224 334,246
Lines-of-credit and notes payable 223,785 146,160
Junior subordinated debentures 72,285 72,081
Total liabilities 941,263 894,359
Commitments and Contingencies -See Note 9
Shareholders' Equity    
Common stock, $0.01 par value, 100,000,000 shares authorized; 72,484,293 shares issued and outstanding at March 31, 2020 and 74,362,693 shares issued and outstanding at December 31, 2019 725 744
Additional paid-in capital 257,812 269,534
Retained earnings 136,381 145,847
Total Bluegreen Vacations Corporation shareholders' equity 394,918 416,125
Non-controlling interest 50,270 49,534
Total shareholders' equity 445,188 465,659
Total liabilities and shareholders' equity $ 1,386,451 $ 1,360,018