Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.22.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and cash equivalents $ 179,274 $ 140,225
Restricted cash ($16,238 and $15,956 in VIEs at March 31, 2022 and December 31, 2021, respectively) 46,430 42,854
Notes receivable 621,020 609,429
Less: Allowance for loan losses (167,403) (163,107)
Notes receivable, net ($241,460 and $248,873 in VIEs at March 31, 2022 and December 31, 2021, respectively) 453,617 446,322
Vacation ownership interest ("VOI") inventory 326,707 334,605
Property and equipment, net 88,841 87,852
Intangible assets, net 61,327 61,348
Operating lease assets 31,927 33,467
Prepaid expenses 33,546 25,855
Other assets 37,459 37,984
Total assets 1,259,128 1,210,512
Liabilities    
Accounts payable 15,560 14,614
Deferred income 12,772 13,690
Accrued liabilities and other 105,894 100,131
Receivable-backed notes payable - recourse 22,500 22,500
Receivable-backed notes payable - non-recourse ($297,531 and $341,532 in VIEs at September 30, 2021 and December 31, 2020, respectively) 323,043 340,154
Note payable to BBX Capital, Inc. 50,000 50,000
Other Notes payable and borrowings 137,787 97,125
Junior subordinated debentures 135,197 134,940
Operating lease liabilities 36,363 37,870
Deferred income taxes 100,961 95,688
Total liabilities 940,077 906,712
Commitments and contingencies - See Note 9
Equity    
Additional paid-in capital 169,954 173,909
Accumulated earnings 85,304 69,316
Total Bluegreen Vacations Holding Corporation equity 255,464 243,433
Non-controlling interest 63,587 60,367
Total equity 319,051 303,800
Total liabilities and equity 1,259,128 1,210,512
Class A Common Stock [Member]    
Equity    
Common stock 169 171
Class B Common Stock [Member]    
Equity    
Common stock $ 37 $ 37