Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.22.2.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS    
Cash and cash equivalents $ 162,667 $ 140,225
Restricted cash ($18,532 and $15,956 in VIEs at September 30, 2022 and December 31, 2021, respectively) 41,528 42,854
Notes receivable 718,291 609,429
Less: Allowance for loan losses (195,881) (163,107)
Notes receivable, net ($283,806 and $248,873 in VIEs at September 30, 2022 and December 31, 2021, respectively) 522,410 446,322
Vacation ownership interest ("VOI") inventory 327,119 334,605
Property and equipment, net 84,305 87,852
Intangible assets, net 61,293 61,348
Operating lease assets 29,531 33,467
Prepaid expenses 16,659 25,855
Other assets 32,893 37,984
Total assets 1,278,405 1,210,512
Liabilities    
Accounts payable 17,337 14,614
Deferred income 15,566 13,690
Accrued liabilities and other 115,768 100,131
Receivable-backed notes payable - recourse 21,600 22,500
Receivable-backed notes payable - non-recourse (in VIEs) 348,512 340,154
Note payable to BBX Capital, Inc. 50,000 50,000
Note payable and other borrowings 116,303 97,125
Junior subordinated debentures 135,732 134,940
Operating lease liabilities 34,390 37,870
Deferred income taxes 108,804 95,688
Total liabilities 964,012 906,712
Commitments and contingencies - See Note 9
Equity    
Preferred stock of $0.01 par value; authorized 10,000,000 shares
Additional paid-in capital 121,889 173,909
Accumulated earnings 119,994 69,316
Total Bluegreen Vacations Holding Corporation equity 242,072 243,433
Non-controlling interest 72,321 60,367
Total equity 314,393 303,800
Total liabilities and equity 1,278,405 1,210,512
Class A Common Stock [Member]    
Equity    
Common stock 152 171
Class B Common Stock [Member]    
Equity    
Common stock $ 37 $ 37