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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Restricted cash $ 18,416 $ 16,682
Inventory 1,373,014 1,422,680
Investments in unconsolidated entities 77,059 74,224
Operating Lease, Right-of-Use Asset 3,076 3,458
Property and equipment, net 3,913 2,919
Earnest money deposits 19,530 23,910
Deferred income tax assets, net 16,448 16,448
Intangible assets, net 429 452
Goodwill 680 680
Other assets 9,364 12,346
Total assets 1,706,456 1,655,675
LIABILITIES AND EQUITY    
Accounts payable 52,862 51,804
Accrued expenses 108,492 91,281
Operating Lease, Liability 3,187 3,582
Borrowings on lines of credit, net (2,453) (17,395)
Senior Notes 335,920 335,825
Contract with Customer, Liability 36,948 29,112
Total liabilities 549,563 543,621
Commitments and contingencies
Redeemable noncontrolling interest in equity of consolidated subsidiary 30,291 29,239
Green Brick Partners, Inc. stockholders’ equity    
Preferred stock, $0.01 par value: 5,000,000 shares authorized; 2,000 issued and outstanding as of March 31, 2023 and December 31, 2022, respectively 47,696 47,696
Common stock, $0.01 par value: 100,000,000 shares authorized; 46,211,430 issued and 45,743,555 outstanding as of March 31, 2023 and 46,032,930 issued and outstanding as of December 31, 2022, respectively 462 460
Additional Paid in Capital 263,545 259,410
Retained earnings 817,802 754,341
Total Green Brick Partners, Inc. stockholders’ equity 1,114,154 1,061,907
Noncontrolling interests 12,448 20,908
Total equity 1,126,602 1,082,815
Total liabilities and equity 1,706,456 1,655,675
Cash and Cash Equivalents, at Carrying Value 177,271 76,588
Accounts Receivable, after Allowance for Credit Loss 7,256 5,288
Treasury Stock, Value 15,351 0
Other Notes Payable $ 14,607 $ 14,622