BLUEGREEN VACATIONS CORPORATION BXG Balance Sheet

Bluegreen vacations corporation (BXG)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Dec'16	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
ASSETS
Cash and cash equivalents
241,525	190,009	183,207	180,166	189,875	219,408	195,439	205,745	167,845	197,337	144,122	153,662	100,236	65,505	59,553	80,931	70,396	67	72,085
Restricted cash ($17,456 and $22,534 in VIEs at March 31, 2020 and December 31, 2019, respectively)
34,090	49,637	47,969	47,745	44,285	53,726	54,892	53,653	47,524	46,012	46,106	54,335	60,148	59,478	55,624	51,125	56,521	52	53,922
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	445,706	440,854	435,629	439,167	439,484	429,647	424,117	426,858	430,480	480,865	489,440	491,800	500,762	512,517	530,206	541	568,985
Inventory
347,293	346,937	346,821	342,220	342,386	334,149	325,532	327,897	290,964	281,291	238,534	274,006	280,569	293,489	296,258	302,843	308,179	318	337,684
Prepaid expenses
27,805	10,501	14,672	14,946	17,948	10,097	15,733	17,037	16,897	10,743	8,745	3,590	8,563	11,101	11,987	4,120	8,201	11	4,882
Other assets
43,674	52,731	55,783	57,970	48,931	49,796	70,498	61,996	51,361	52,506	48,099	44,209	52,901	52,269	45,983	47,100	51,940	49	56,790
Operating lease assets
22,329	20,858	22,372	23,395	24,031	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible assets, net
61,494	61,515	61,535	61,556	61,577	61,845	61,878	61,912	61,945	61,978	61,749	-	-	-	-	-	-	-	-
Loan to related party
80,000	80,000	80,000	80,000	80,000	80,000	80,000	80,000	80,000	80,000	80,000	-	-	-	-	-	-	-	-
Property and equipment, net
98,248	99,262	102,764	102,361	102,431	98,279	93,536	87,430	77,323	74,756	70,797	68,975	69,157	69,060	69,630	70,112	70,739	71	73,815
Assets held for sale
-	-	-	-	-	-	-	-	-	-	-	0	0	-	27,750	28,625	30,250	31	87,769
Total assets
1,386,451	1,360,018	1,360,829	1,351,213	1,347,093	1,346,467	1,336,992	1,325,317	1,217,976	1,231,481	1,128,632	1,079,642	1,061,014	1,042,702	1,067,547	1,097,373	1,126,432	1,144	1,255,932
LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities
Accounts payable
14,664	16,653	21,011	18,270	16,169	19,515	19,822	21,189	19,821	22,955	21,769	9,680	10,908	13,297	10,084	8,834	9,137	8	8,243
Accrued liabilities and other
79,553	103,948	112,982	102,183	80,827	80,364	94,729	86,009	76,990	77,317	70,947	72,290	73,811	65,984	59,449	62,878	60,464	58	60,518
Operating lease liabilities
23,608	22,124	23,542	24,584	25,263	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income
15,343	18,074	20,323	17,668	17,051	16,522	15,509	14,442	15,151	16,893	37,015	27,679	30,304	27,873	28,170	24,549	24,010	21	17,550
Deferred income taxes
92,328	92,504	84,493	81,015	93,337	91,056	91,696	91,181	92,213	88,966	126,278	42,663	35,546	27,791	19,438	15,776	14,738	10	25,605
Receivable-backed notes payable - recourse
80,473	88,569	94,904	86,820	74,744	76,674	97,770	101,582	86,310	84,697	87,631	89,640	65,063	99,059	110,126	110,016	114,955	123	135,660
Receivable-backed notes payable - non-recourse (in VIEs)
339,224	334,246	341,856	351,316	363,183	382,257	335,680	325,512	327,024	336,421	327,358	356,015	373,385	339,578	348,920	369,314	382,089	393	436,271
Receivable-backed notes payable - recourse ($15,826 and $14,327 in VIEs at December 31, 2011 and March 31, 2012, respectively)
80,473	88,569	94,904	86,820	74,744	76,674	97,770	101,582	86,310	84,697	87,631	-	-	-	110,126	-	114,955	123	135,660
Lines-of-credit and notes payable
223,785	146,160	119,045	136,796	125,436	133,391	137,834	149,651	83,764	100,194	98,382	21,551	20,396	32,536	70,733	86,817	103,981	121	142,120
Junior subordinated debentures
72,285	72,081	71,883	71,691	71,504	71,323	71,147	70,908	70,677	70,384	69,044	110,827	110,827	110,827	110,827	110,827	110,827	110	110,827
Total liabilities
941,263	894,359	890,039	890,343	867,514	871,102	864,187	860,474	771,950	797,827	838,424	730,345	720,240	716,945	757,747	789,011	820,201	848	936,794
Commitments and Contingencies -See Note 9
-	-	-	-	-	-	0	0	0	-	0	0	0	0	-	0	-	-	0
Shareholders' Equity
Preferred stock, $.01 par value, 1,000 shares authorized; none issued
-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	0	0	0
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	744	744	744	744	747	747	747	747	710	314	313	313	313	313	341	0	314
Additional paid-in capital
257,812	269,534	270,369	270,369	270,369	270,369	274,366	274,366	274,366	274,366	227,134	194,337	193,672	193,054	192,595	191,999	192,156	191	189,580
Treasury stock, 2,756 common shares at both December 31, 2010 and September 30, 2011, at cost
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-12,885	-12	-
Retained earnings
136,381	145,847	144,971	137,299	161,139	158,641	150,062	140,785	125,285	115,520	21,592	116,727	107,588	95,927	82,668	77,018	90,011	82	94,271
Total Bluegreen Vacations Corporation shareholders' equity
394,918	416,125	416,084	408,412	432,252	429,754	425,175	415,898	400,398	390,633	249,436	311,378	301,573	289,294	275,576	269,330	269,623	261	284,165
Non-controlling interest
50,270	49,534	54,706	52,458	47,327	45,611	47,630	48,945	45,628	43,021	40,772	37,919	39,201	36,463	34,224	39,032	36,608	34	34,973
Total shareholders' equity
445,188	465,659	470,790	460,870	479,579	475,365	472,805	464,843	446,026	433,654	290,208	349,297	340,774	325,757	309,800	308,362	306,231	295	319,138
Total liabilities and shareholders' equity
1,386,451	1,360,018	1,360,829	1,351,213	1,347,093	1,346,467	1,336,992	1,325,317	1,217,976	1,231,481	1,128,632	1,079,642	1,061,014	1,042,702	1,067,547	1,097,373	1,126,432	1,144	1,255,932