Investment in Unconsolidated Entities (Tables)

9 Months Ended

Sep. 30, 2020

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments

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

	September 30, 2020		December 31, 2019
Assets:
Cash	$	17,771	$	11,699
Accounts receivable	1,446		3,252
Bonds and notes receivable	7,342		5,864
Loans held for sale, at fair value	21,801		23,143
Inventory	108,006		73,704
Other assets	8,153		4,012
Total assets	$	164,519	$	121,674
Liabilities:
Accounts payable	$	6,635	$	1,726
Accrued expenses and other liabilities	11,270		7,784
Notes payable	61,684		58,223
Total liabilities	$	79,589	$	67,733
Owners’ equity:
Green Brick	$	42,260	$	25,910
Others	42,670		28,031
Total owners’ equity	$	84,930	$	53,941
Total liabilities and owners’ equity	$	164,519	$	121,674

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Revenues	$	50,068	$	42,428	$	138,381	$	116,786
Costs and expenses	39,188		36,227		111,340		101,348
Net earnings of unconsolidated entities	$	10,880	$	6,201	$	27,041	$	15,438
Company’s share in net earnings of unconsolidated entities	5,299		3,022		$	13,038	$	7,565