Investment in Unconsolidated Entities

6 Months Ended

Jun. 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):

	June 30, 2019		December 31, 2018
Assets:
Cash	$	9,260	$	14,584
Accounts receivable	3,525		1,259
Bonds and notes receivable	5,864		5,864
Loans held for sale, at fair value	8,266		3,083
Inventory	51,291		44,375
Other assets	4,390		3,132
Total assets	$	82,596	$	72,297
Liabilities:
Accounts payable	$	3,247	$	2,173
Accrued expenses and other liabilities	8,086		5,328
Notes payable	33,991		31,402
Total liabilities	$	45,324	$	38,903
Owners’ equity:
Green Brick	$	18,582	$	15,653
Others	18,690		17,741
Total owners’ equity	$	37,272	$	33,394
Total liabilities and owners’ equity	$	82,596	$	72,297

	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
Revenues	$	43,261	$	43,953	$	74,358	$	76,952
Costs and expenses	37,804		39,099		65,121		69,020
Net earnings of unconsolidated entities	$	5,457	$	4,854	$	9,237	$	7,932
Company’s share in net earnings of unconsolidated entities	$	2,697	$	2,279	$	4,543	$	3,815