Investment in Unconsolidated Entities

9 Months Ended

Sep. 30, 2019

Equity Method Investments and Joint Ventures [Abstract]

Investment in Unconsolidated Entities

INVESTMENT IN UNCONSOLIDATED ENTITIES

A summary of the unaudited condensed financial information of the unconsolidated entities that are accounted for by the equity method is as follows (in thousands):

	September 30, 2019		December 31, 2018
Assets:
Cash	$	11,642	$	14,584
Accounts receivable	2,696		1,259
Bonds and notes receivable	5,864		5,864
Loans held for sale, at fair value	14,944		3,083
Inventory	54,032		44,375
Other assets	4,255		3,132
Total assets	$	93,433	$	72,297
Liabilities:
Accounts payable	$	5,835	$	2,173
Accrued expenses and other liabilities	7,758		5,328
Notes payable	39,782		31,402
Total liabilities	$	53,375	$	38,903
Owners’ equity:
Green Brick	$	19,971	$	15,653
Others	20,087		17,741
Total owners’ equity	$	40,058	$	33,394
Total liabilities and owners’ equity	$	93,433	$	72,297

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Revenues	$	42,428	$	43,758	$	116,786	$	120,710
Costs and expenses	36,227		38,308		101,348		107,328
Net earnings of unconsolidated entities	$	6,201	$	5,450	$	15,438	$	13,382
Company’s share in net earnings of unconsolidated entities	$	3,022	$	2,719	$	7,565	$	6,534