Investment in Unconsolidated Entities

3 Months Ended

Mar. 31, 2020

Equity Method Investments and Joint Ventures [Abstract]

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):


	March 31, 2020		December 31, 2019
Assets:
Cash	$	10,996	$	11,699
Accounts receivable	1,341		3,252
Bonds and notes receivable	7,342		5,864
Loans held for sale, at fair value	18,580		23,143
Inventory	82,371		73,704
Other assets	5,050		4,012
Total assets	$	125,680	$	121,674
Liabilities:
Accounts payable	$	6,368	$	1,726
Accrued expenses and other liabilities	7,294		7,784
Notes payable	57,689		58,223
Total liabilities	$	71,351	$	67,733
Owners’ equity:
Green Brick	$	27,020	$	25,910
Others	27,309		28,031
Total owners’ equity	$	54,329	$	53,941
Total liabilities and owners’ equity	$	125,680	$	121,674


	Three Months Ended March 31,
	2020		2019
Revenues	$	35,365	$	31,097
Costs and expenses	29,815		27,317
Net earnings of unconsolidated entities	$	5,550	$	3,780
Company’s share in net earnings of unconsolidated entities	$	2,565	$	1,846