| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Revenues: | |||||||||||
Revenue from Contract with Customer, Including Assessed Tax | |||||||||||
420,924 | 1,870,262 | 1,807,476 | 1,690,949 | 1,657,197 | 1,591,315 | 1,079,921 | 1,095,533 | 1,133,380 | 1,063,289 | 801,494 | 565,186 |
Expenses: | |||||||||||
Cost of Goods and Services Sold | |||||||||||
286,020 | 1,292,484 | 1,228,046 | 1,097,344 | 1,109,727 | 1,097,060 | 767,031 | 832,328 | 892,883 | 845,106 | 577,386 | 335,299 |
Operating, selling, administrative and general expenses | |||||||||||
92,314 | 355,513 | 337,191 | 339,059 | 320,221 | 279,342 | 113,598 | 108,272 | 97,176 | 90,709 | 85,041 | 94,583 |
Impairments of goodwill and intangible assets | |||||||||||
0 | - | - | - | - | - | - | - | - | - | - | - |
Litigation settlement and judgment expense (income) | |||||||||||
- | -1,784 | 6,591 | 20,000 | 20,072 | 2,475 | 88,106 | 0 | 0 | 16,161 | 0 | - |
Gain on brand transaction | |||||||||||
- | - | - | - | - | - | - | - | - | - | 5,000 | - |
Restructuring charges | |||||||||||
- | - | - | 41 | 7,257 | 0 | 0 | - | - | - | 900 | - |
Operating (loss) income | |||||||||||
42,590 | 224,049 | 235,648 | 234,505 | 199,920 | 212,438 | 111,186 | 154,933 | 143,321 | 111,313 | 143,167 | 135,304 |
Other income (expenses): | |||||||||||
Interest expense | |||||||||||
37,520 | 203,780 | 173,685 | 142,982 | 120,691 | 160,991 | 132,147 | 110,102 | 100,706 | 84,096 | 68,490 | 62,335 |
Loss on extinguishment of debt | |||||||||||
- | -4,066 | -34,110 | 0 | 0 | - | -21,458 | 0 | 0 | - | -18,573 | - |
Change in fair value of derivatives embedded within convertible debt | |||||||||||
10,349 | 44,989 | 35,919 | 31,710 | 24,455 | 19,409 | 18,935 | -7,476 | 7,984 | 11,524 | -35,925 | 24,337 |
Acceleration of interest expense related to debt conversion | |||||||||||
- | - | - | - | - | 5,205 | 12,414 | 14,960 | 1,217 | 0 | - | - |
Provision for loss on investments | |||||||||||
- | - | - | - | - | - | - | - | - | - | 8,500 | 32,400 |
Equity in earnings from investments | |||||||||||
1,362 | - | - | -2,754 | -2,681 | 3,140 | 22,925 | 29,764 | 19,966 | 23,963 | 15,213 | 24,399 |
Gain on sale of investment securities available for sale | |||||||||||
- | - | - | - | 11,138 | -11 | 5,152 | 1,640 | 23,257 | 19,869 | 0 | - |
Equity in losses from real estate ventures | |||||||||||
-2,439 | 14,446 | 21,395 | 5,200 | 2,001 | 4,103 | - | - | - | - | - | - |
Net losses recognized on investment securities | |||||||||||
- | - | - | -3,487 | - | - | - | - | - | - | - | - |
Impairment of investment securities available for sale | |||||||||||
- | - | - | - | 12,846 | 0 | 0 | - | - | - | - | - |
Gain on liquidation of long-term investments | |||||||||||
- | - | - | - | - | - | - | - | 25,832 | 0 | 0 | - |
Equity income from non-consolidated real estate businesses | |||||||||||
1,362 | - | - | -2,754 | -2,681 | 3,140 | - | - | - | 23,963 | 15,213 | 24,399 |
Equity in (losses) earnings from investments | |||||||||||
- | - | - | - | - | - | 3,126 | -1,261 | -859 | - | - | - |
Gain on townhomes | |||||||||||
- | - | - | - | - | - | - | - | 3,843 | 0 | 0 | - |
Gain on acquisition of Douglas Elliman | |||||||||||
- | - | - | - | - | - | 60,842 | 0 | 0 | - | - | - |
Other Nonoperating Income (Expense) | |||||||||||
7,440 | 3,921 | 4,001 | 4,237 | 6,409 | 9,396 | 4,573 | 1,179 | 1,736 | 1,508 | 1,645 | 5,267 |
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | |||||||||||
21,782 | 79,559 | 89,168 | 126,429 | 107,705 | 82,279 | 60,720 | 53,717 | 123,157 | 85,570 | 28,537 | 94,572 |
Income Tax Expense (Benefit) | |||||||||||
6,749 | 21,552 | -1,582 | 49,163 | 41,233 | 33,165 | 23,672 | 23,095 | 48,137 | 31,486 | 3,731 | 34,068 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | |||||||||||
15,033 | 58,007 | 90,750 | 77,266 | 66,472 | 49,114 | 37,048 | 30,622 | 75,020 | - | - | - |
Net income attributed to non-controlling interest | |||||||||||
80 | -98 | 6,178 | 6,139 | 7,274 | 12,258 | -252 | 0 | 0 | - | - | - |
Net Income (Loss) Attributable to Parent | |||||||||||
14,953 | 58,105 | 84,572 | 71,127 | 59,198 | 36,856 | 37,300 | 30,622 | 75,020 | 54,084 | 24,806 | 60,504 |
Per basic common share: | |||||||||||
Net income applicable to common shares attributed to Vector Group Ltd. (in dollars per share) | |||||||||||
0.09 | 0.35 | 0.54 | 0.50 | 0.44 | 0.32 | 0.36 | 0.32 | 0.85 | 0.65 | 0.31 | 0.81 |
Per diluted common share: | |||||||||||
Net income applicable to common shares attributed to Vector Group Ltd. (in dollars per share) | |||||||||||
0.08 | 0.35 | 0.54 | 0.50 | 0.44 | 0.32 | 0.36 | 0.32 | 0.84 | 0.64 | 0.31 | 0.72 |
Dividends declared per share (in dollars per share) | |||||||||||
- | - | - | - | 1.40 | 1.40 | 1.40 | 1.40 | 1.40 | 1.40 | 1.40 | 1.40 |
Tobacco | |||||||||||
Revenue from Contract with Customer, Including Assessed Tax | |||||||||||
256,756 | 1,111,094 | 1,080,950 | 1,011,620 | 1,017,761 | 1,021,259 | 1,014,341 | 1,084,546 | - | - | - | - |
Cost of Goods and Services Sold | |||||||||||
177,303 | 787,251 | 750,768 | 672,431 | 697,900 | 735,725 | 729,393 | 823,452 | - | - | - | - |
Litigation settlement and judgment expense (income) | |||||||||||
- | 685 | 6,591 | 20,000 | 20,072 | - | - | - | - | - | - | - |
Restructuring charges | |||||||||||
- | - | - | 41 | 7,257 | - | - | - | - | - | - | - |
Corporate and other | |||||||||||
Total revenues | |||||||||||
- | 0 | -838 | -776 | -1,970 | 8,589 | 0 | - | - | - | - | - |
Cost of Goods and Services Sold | |||||||||||
- | - | - | 84 | 1,540 | 7,307 | 0 | 0 | - | - | - | - |
Real estate | |||||||||||
Revenue from Contract with Customer, Excluding Assessed Tax | |||||||||||
164,168 | 759,168 | 727,364 | 680,105 | 641,406 | 561,467 | 65,580 | 10,987 | - | - | - | - |
Cost of Goods and Services Sold | |||||||||||
108,717 | 505,233 | 477,278 | 424,829 | 410,287 | 354,028 | 37,638 | 8,876 | - | - | - | - |