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

Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2021


	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)


	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)