Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations (Tables)

v3.21.2
Discontinued Operations (Tables)
6 Months Ended
Jun. 30, 2021
Discontinued Operations [Abstract]  
Summary Of Income (Loss) Of Discontinued Operations

For the Three Months Ended
June 30,

For the Six Months Ended
June 30,

2021

2020

2021

2020

Revenues:

Trade sales

$

$

23,043

$

$

63,920

Sales of real estate inventory

2,839

9,278

Interest income

81

197

Net gain (loss) on sales of real estate assets

12

(34)

Other revenue

453

1,051

Total revenues

26,428

74,412

Costs and Expenses:

Cost of trade sales

22,385

52,157

Cost of real estate inventory sold

1,474

6,106

Recoveries from loan losses, net

(1,525)

(5,037)

Impairment losses

3,305

31,588

Selling, general and administrative expenses

9,452

26,755

Total costs and expenses

35,091

111,569

Equity in net earnings (losses) of unconsolidated real estate joint ventures

145

696

Foreign exchanges gain

(5)

273

Other income

75

111

Loss from discontinued operations before income taxes

$

$

(8,448)

$

$

(36,077)

Summary Of Cash Flows Of Discontinued Operations

For the Six Months Ended
June 30,

2021

2020

Operating activities:

Net loss

$

$

(34,936)

Adjustment to reconcile net loss to net cash used in operating activities:

Recoveries from loan losses, net

(5,037)

Depreciation, amortization and accretion, net

3,780

Net losses on sales of real estate and property and equipment

34

Equity earnings of unconsolidated real estate joint ventures

(696)

Return on investment in unconsolidated real estate joint ventures

3,991

Increase in deferred income tax asset

(1,144)

Impairment losses

31,588

Decrease in trade inventory

2,342

Increase in trade receivables

(2,053)

Decrease in real estate inventory

(316)

Net change in operating lease assets and liabilities

(507)

Increase in other assets

(234)

Decrease in other liabilities

1,840

Net cash used in operating activities

$

$

(1,348)

Investing activities:

Return of investment in unconsolidated real estate joint ventures

748

Investments in unconsolidated real estate joint ventures

(12,664)

Proceeds from repayment of loans receivable

5,259

Additions to real estate

(59)

Purchases of property and equipment

(3,574)

Decrease in cash from other investing activities

(34)

Net cash used in investing activities

$

$

(10,324)