v3.19.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
ASSETS    
Cash and cash equivalents $ 189,875 $ 219,408
Restricted cash ($20,714 and $28,400 in VIEs at March 31, 2019 and December 31, 2018, respectively) 44,285 53,726
Notes receivable, net ($318,111 and $341,975 in VIEs at March 31, 2019 and December 31, 2018, respectively) [1] 435,629 439,167
Inventory 342,386 334,149
Prepaid expenses 17,948 10,097
Other assets 48,931 49,796
Operating lease assets - See Note 7 24,031  
Intangible assets, net 61,577 61,845
Loan to related party 80,000 80,000
Property and equipment, net 102,431 98,279
Total assets 1,347,093 1,346,467
Liabilities    
Accounts payable 16,169 19,515
Accrued liabilities and other 80,827 80,364
Operating lease liabilities - See Note 7 25,263  
Deferred income 17,051 16,522
Deferred income taxes 93,337 91,056
Receivable-backed notes payable - recourse 74,744 76,674
Receivable-backed notes payable - non-recourse (in VIEs) 363,183 382,257
Lines-of-credit and notes payable 125,436 133,391
Junior subordinated debentures 71,504 71,323
Total liabilities 867,514 871,102
Commitments and Contingencies -See Note 10
Shareholders' Equity    
Common stock, $.01 par value, 100,000,000 shares authorized; 74,445,923 shares issued and outstanding at March 31, 2019 and December 31, 2018 744 744
Additional paid-in capital 270,369 270,369
Retained earnings 161,139 158,641
Total Bluegreen Vacations Corporation shareholders' equity 432,252 429,754
Non-controlling interest 47,327 45,611
Total shareholder's equity 479,579 475,365
Total liabilities and shareholder's equity $ 1,347,093 $ 1,346,467
[1] Notes receivable secured by homesites were originated through a business, substantially all the assets of which were sold by us in 2012.

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