Quarterly report pursuant to Section 13 or 15(d)

3. Segments (Tables)

v3.8.0.1
3. Segments (Tables)
9 Months Ended
Sep. 30, 2017
Segment Reporting [Abstract]  
Schedule of Financial Data for Operating Segments

    Three Months Ended
September 30,
    Nine Months Ended
September 30,
 
    2017     2016     2017     2016  
                         
Net Sales                                
Ethanol Production:                                
Net sales to external customers   $ 304,812     $ 266,299     $ 804,012     $ 767,171  
Intersegment net sales     639       306       1,138       829  
Total ethanol production net sales   $ 305,451     $ 266,605     $ 805,150     $ 768,000  
                                 
Marketing and distribution:                                
Net sales to external customers   $ 140,630     $ 151,507     $ 432,972     $ 415,868  
Intersegment net sales     2,334       2,018       6,135       5,861  
Total marketing and distribution net sales     142,964       153,525       439,107       421,729  
Intersegment eliminations     (2,973 )     (2,324 )     (7,273 )     (6,690 )
Net sales as reported   $ 445,442     $ 417,806     $ 1,236,984     $ 1,183,039  

 

Cost of goods sold:                        
Ethanol production   $ 292,743     $ 262,964     $ 797,277     $ 759,210  
Marketing and distribution     142,303       153,406       437,110       412,225  
Intersegment eliminations     (1,669 )     (4,928 )     (5,348 )     (13,533 )
Cost of goods sold as reported   $ 433,377     $ 411,442     $ 1,229,039     $ 1,157,902  

 

Income (loss) before provision for income taxes:                        
Ethanol production   $ 2,638     $ (2,903 )   $ (15,981 )   $ (19,171 )
Marketing and distribution     (757 )     (1,524 )     (2,043 )     4,654  
Corporate activities     (2,422 )     909       (5,940 )     2,614  
    $ (541 )   $ (3,518 )   $ (23,964 )   $ (11,903 )
                                 
Depreciation and amortization:                                
Ethanol production   $ 9,841     $ 8,631     $ 27,703     $ 25,839  
Marketing and distribution                       3  
Corporate activities     238       226       783       684  
    $ 10,079     $ 8,857     $ 28,486     $ 26,526  
Interest expense:                        
Ethanol production   $ 1,850     $ 3,521     $ 4,061     $ 15,600  
Marketing and distribution     342       353       952       1,043  
Corporate activities     1,634             4,144        
    $ 3,826     $ 3,874     $ 9,157     $ 16,643  

 

Schedule of Assets by Operating Segments
    September 30, 2017     December 31, 2016  
Total assets:                
Ethanol production   $ 596,928     $ 542,688  
Marketing and distribution     129,294       146,356  
Corporate assets     4,428       19,194  
    $ 730,650     $ 708,238