| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| | 10-K | 10-K | 10-K | 10-K | 8-K | 10-K | 10-K | 10-K |
| Revenues: |
| Valencia Landbank Venture | | 116.0 | 51.6 | | | | | |
| Land sales | 0.9 | 139.5 | 69.4 | 140.0 | | | | |
| Land sales, Affiliated Entity and Third Party | 283.4 | 409.6 | 147.4 | 448.8 | | | | |
| Total revenues [+] | 41.0 | 222.7 | 152.3 | 182.9 | 49.0 | 139.4 | 39.4 | 35.6 |
| Management fees | | | | | | 22.5 | 16.9 | |
| Land sales | | | | | | 17.3 | 9.6 | 17.2 |
| Other real estate | | | | | | 12.1 | 10.4 | 12.3 |
| Revenue growth [+] | -81.6% | 46.2% | -16.7% | 273.3% | -64.9% | 254.2% | 10.6% | |
| Valencia Landbank Venture | | 124.8% | | | | | | |
| Land sales | -99.3% | 101.0% | -50.4% | | | | | |
| Land sales, Affiliated Entity and Third Party | -30.8% | 177.8% | -67.1% | | | | | |
| Affiliated Entity | -87.3% | 87.8% | -68.2% | | | | | |
| Cost of goods sold [+] | 27.5 | 144.3 | 111.4 | 131.2 | 28.9 | 96.1 | 11.0 | 7.3 |
| Lease costs | | | | | | 11.5 | 10.7 | 10.2 |
| Real estate services and land sales costs | | | | | | 84.7 | 0.4 | -2.9 |
| Gross profit | 13.5 | 78.4 | 41.0 | 51.7 | 20.1 | 43.3 | 28.4 | 28.3 |
| Gross margin | 33.0% | 35.2% | 26.9% | 28.3% | 41.1% | 31.1% | 72.0% | 79.5% |
| Selling, general and administrative | 54.6 | 77.1 | 83.5 | 103.6 | 99.0 | 122.3 | 120.7 | 27.5 |
| Equity in earnings | 21.5 | 6.2 | 42.4 | 2.3 | -2.2 | 5.8 | -1.4 | |
| Other operating expenses | -1.7 | -1.7 | -1.3 | -66.4 | 16.4 | -207.2 | 8.0 | 5.1 |
| EBITDA [+] | -0.9 | 35.2 | 15.3 | 37.5 | | 135.5 | -98.7 | -4.5 |
| EBITDA growth | -102.7% | 130.5% | -59.3% | -138.4% | -171.9% | -237.3% | 2069.7% | |
| EBITDA margin | -2.3% | 15.8% | 10.0% | 20.5% | -199.0% | 97.2% | -250.6% | -12.8% |
| Depreciation | 5.8 | 5.7 | 5.5 | 5.0 | | 1.5 | 0.9 | -0.2 |
| EBITA | -6.8 | 29.5 | 9.7 | 32.4 | -97.5 | 134.0 | -99.6 | -4.4 |
| EBITA margin | -16.5% | 13.2% | 6.4% | 17.7% | -199.0% | 96.1% | -253.0% | -12.3% |
| Amortization of intangibles | 11.1 | 20.3 | 8.6 | 15.6 | | | 2.1 | |
| EBIT [+] | -17.9 | 9.2 | 1.1 | 16.8 | -97.5 | 134.0 | -101.7 | -4.4 |
| EBIT growth | -295.0% | 724.0% | -93.4% | -117.3% | -172.7% | -231.8% | 2228.3% | |
| EBIT margin | -43.6% | 4.1% | 0.7% | 9.2% | -199.0% | 96.1% | -258.3% | -12.3% |
| Non-recurring items | 19.4 | | | | | | | |
| Interest income, net [+] | 0.8 | 0.1 | 1.4 | 7.8 | 11.8 | -1.6 | -2.8 | |
| Interest expense | | | | | | 4.2 | 2.8 | |
| Interest income | 0.8 | 0.1 | 1.4 | 7.8 | 11.8 | 2.6 | | |
| Other income (expense), net [+] | 0.2 | 3.7 | 0.4 | 0.0 | 8.6 | -108.2 | | |
| Change in value of contingent liability | | | | 64.9 | | | | |
| Other non-operating income | 0.2 | 3.7 | 0.4 | 0.0 | | | | |
| Other | 0.2 | 3.7 | 0.4 | 0.0 | 8.6 | -108.2 | | |
| Pre-tax income | -36.2 | 13.0 | 2.8 | 24.7 | -77.1 | 24.2 | -104.5 | -4.4 |
| Income taxes | -1.5 | -0.3 | 1.7 | 2.4 | -9.2 | 0.0 | -7.9 | -0.5 |
| Tax rate | 4.1% | | 61.5% | 9.9% | 11.9% | 0.0% | 7.5% | 12.5% |
| Minority interest | -19.4 | 6.7 | 1.5 | 13.2 | -33.2 | -49.0 | -63.4 | -1.1 |
| Net income | -15.4 | 6.6 | -0.4 | 9.0 | -34.7 | 73.2 | -33.3 | -2.7 |
| Net margin | -37.5% | 2.9% | -0.3% | 4.9% | -70.9% | 52.5% | -84.5% | -7.5% |
| |
| Basic EPS [+] | ($0.10) | $0.04 | $0.00 | $0.06 | ($0.53) | $0.55 | ($0.88) | ($0.04) |
| Growth | -332.9% | -1627.5% | -104.7% | -111.6% | -196.9% | -162.6% | 2300.4% | |
| Diluted EPS [+] | ($0.10) | $0.03 | $0.00 | $0.04 | ($0.53) | $0.55 | ($0.19) | ($0.04) |
| Growth | -453.7% | -1121.3% | -107.2% | -107.5% | -197.0% | -389.1% | 419.4% | |
| |
| Dividends per share [+] | $0.00 | $0.03 | $0.03 | | | | | |
| Growth | -90.2% | -3.5% | | | | | | |
| |
| Shares outstanding (basic) [+] | 147.7 | 146.6 | 146.0 | 145.5 | 65.0 | 132.8 | 37.8 | 73.2 |
| Growth | 0.7% | 0.5% | 0.3% | 123.8% | -51.1% | 251.4% | -48.4% | |
| Shares outstanding (diluted) [+] | 147.7 | 222.7 | 148.2 | 224.7 | 65.0 | 133.0 | 174.7 | 73.2 |
| Growth | -33.7% | 50.3% | -34.0% | 245.7% | -51.1% | -23.9% | 138.6% | |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |