Bluegreen Vacations Holding Corp. Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2021


	For the Three Months Ended ‎March 31,
	2021		2020
Revenues:
Trade sales	$	—	$	40,877
Sales of real estate inventory		—		6,439
Interest income		—		116
Net gains on sales of real estate assets		—		(46)
Other revenue		—		598
Total revenues		—		47,984
Costs and Expenses:
Cost of trade sales		—		29,772
Cost of real estate inventory sold		—		4,632
Interest expense		—		(65)
Recoveries from loan losses, net		—		(3,512)
Impairment losses		—		28,283
Selling, general and administrative expenses		—		17,368
Total costs and expenses		—		76,478
Equity in net earnings (losses) of unconsolidated real estate joint ventures		—		551
Foreign exchanges gain		—		278
Other income		—		36
(Loss) income from discontinued operations before income taxes	$	—	$	(27,629)


	For the Three Months Ended ‎March 31,
	2021		2020
Operating activities:
Net (loss)	$	—	$	(23,252)
Adjustment to reconcile net loss to net cash used in operating activities:
Recoveries from loan losses, net		—		(3,512)
Depreciation, amortization and accretion, net		—		1,951
Net losses on sales of real estate and property and equipment		—		47
Equity earnings of unconsolidated real estate joint ventures		—		(551)
Return on investment in unconsolidated real estate joint ventures		—		1,430
Increase in deferred income tax asset		—		(4,377)
Impairment losses		—		28,283
Decrease in trade inventory		—		312
Increase in trade receivables		—		(1,734)
Decrease in real estate inventory		—		1,241
Net change in operating lease assets and liabilities		—		321
Increase in other assets		—		(325)
Decrease in other liabilities		—		(1,047)
Net cash used in operating activities	$	—	$	(1,213)
Investing activities:
Investments in unconsolidated real estate joint ventures		—		(2,922)
Proceeds from repayment of loans receivable		—		3,909
Additions to real estate		—		(51)
Purchases of property and equipment		—		(3,548)
Decrease in cash from other investing activities		—		(47)
Net cash used in investing activities	$	—	$	(2,659)