Summary Of Income (Loss) Of Discontinued Operations |
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For the Three Months Ended June 30, |
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For the Six Months Ended June 30, |
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2021 |
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2020 |
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2021 |
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2020 |
Revenues: |
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Trade sales |
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$ |
— |
|
$ |
23,043 |
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$ |
— |
|
$ |
63,920 |
Sales of real estate inventory |
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— |
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2,839 |
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|
|
— |
|
|
9,278 |
Interest income |
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— |
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|
81 |
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— |
|
|
197 |
Net gain (loss) on sales of real estate assets |
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— |
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12 |
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— |
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(34) |
Other revenue |
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— |
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|
453 |
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|
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— |
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|
1,051 |
Total revenues |
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— |
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26,428 |
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— |
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74,412 |
Costs and Expenses: |
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Cost of trade sales |
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— |
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22,385 |
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— |
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|
52,157 |
Cost of real estate inventory sold |
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— |
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1,474 |
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— |
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6,106 |
Recoveries from loan losses, net |
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— |
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(1,525) |
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— |
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(5,037) |
Impairment losses |
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— |
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3,305 |
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|
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— |
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|
31,588 |
Selling, general and administrative expenses |
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— |
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9,452 |
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|
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— |
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|
26,755 |
Total costs and expenses |
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— |
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35,091 |
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|
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— |
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111,569 |
Equity in net earnings (losses) of unconsolidated real estate joint ventures |
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— |
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|
145 |
|
|
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— |
|
|
696 |
Foreign exchanges gain |
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— |
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(5) |
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— |
|
|
273 |
Other income |
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— |
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|
75 |
|
|
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— |
|
|
111 |
Loss from discontinued operations before income taxes |
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$ |
— |
|
$ |
(8,448) |
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|
$ |
— |
|
$ |
(36,077) |
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Summary Of Cash Flows Of Discontinued Operations |
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For the Six Months Ended June 30, |
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|
2021 |
|
2020 |
Operating activities: |
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Net loss |
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$ |
— |
|
$ |
(34,936) |
Adjustment to reconcile net loss to net cash used in operating activities: |
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Recoveries from loan losses, net |
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— |
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(5,037) |
Depreciation, amortization and accretion, net |
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— |
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|
3,780 |
Net losses on sales of real estate and property and equipment |
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— |
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|
34 |
Equity earnings of unconsolidated real estate joint ventures |
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— |
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(696) |
Return on investment in unconsolidated real estate joint ventures |
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— |
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3,991 |
Increase in deferred income tax asset |
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— |
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(1,144) |
Impairment losses |
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— |
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31,588 |
Decrease in trade inventory |
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— |
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2,342 |
Increase in trade receivables |
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— |
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(2,053) |
Decrease in real estate inventory |
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— |
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(316) |
Net change in operating lease assets and liabilities |
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— |
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(507) |
Increase in other assets |
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— |
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(234) |
Decrease in other liabilities |
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— |
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|
1,840 |
Net cash used in operating activities |
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$ |
— |
|
$ |
(1,348) |
Investing activities: |
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Return of investment in unconsolidated real estate joint ventures |
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— |
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|
748 |
Investments in unconsolidated real estate joint ventures |
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— |
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(12,664) |
Proceeds from repayment of loans receivable |
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— |
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5,259 |
Additions to real estate |
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— |
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(59) |
Purchases of property and equipment |
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— |
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(3,574) |
Decrease in cash from other investing activities |
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— |
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(34) |
Net cash used in investing activities |
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$ |
— |
|
$ |
(10,324) |
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