| Schedule of financial date for operating segments |
The
following tables set forth certain financial data for the Company’s operating segments (in thousands):
| |
|
Years
Ended December 31, |
|
| |
|
2018 |
|
|
2017 |
|
|
2016 |
|
| Net
Sales |
|
|
|
|
|
|
|
|
|
| Production,
recorded as gross: |
|
|
|
|
|
|
|
|
|
| Ethanol/alcohol
sales |
|
$ |
859,815 |
|
|
$ |
845,692 |
|
|
$ |
797,363 |
|
| Co-product
sales |
|
|
296,686 |
|
|
|
257,031 |
|
|
|
248,444 |
|
| Intersegment
sales |
|
|
1,995 |
|
|
|
1,898 |
|
|
|
1,169 |
|
| Total
production sales |
|
|
1,158,496 |
|
|
|
1,104,621 |
|
|
|
1,046,976 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Marketing
and distribution: |
|
|
|
|
|
|
|
|
|
|
|
|
| Ethanol/alcohol
sales, gross |
|
$ |
357,011 |
|
|
$ |
527,869 |
|
|
$ |
577,347 |
|
| Ethanol/alcohol
sales, net |
|
|
1,859 |
|
|
|
1,663 |
|
|
|
1,604 |
|
| Intersegment
sales |
|
|
8,773 |
|
|
|
8,464 |
|
|
|
8,029 |
|
| Total
marketing and distribution sales |
|
|
367,643 |
|
|
|
537,996 |
|
|
|
586,980 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Intersegment
eliminations |
|
|
(10,768 |
) |
|
|
(10,362 |
) |
|
|
(9,198 |
) |
| Net
sales as reported |
|
$ |
1,515,371 |
|
|
$ |
1,632,255 |
|
|
$ |
1,624,758 |
|
| Cost
of goods sold: |
|
|
|
|
|
|
|
|
|
| Production |
|
$ |
1,197,507 |
|
|
$ |
1,101,651 |
|
|
$ |
1,003,679 |
|
| Marketing
and distribution |
|
|
343,991 |
|
|
|
535,033 |
|
|
|
575,920 |
|
| Intersegment
eliminations |
|
|
(10,963 |
) |
|
|
(10,360 |
) |
|
|
(9,199 |
) |
| Cost
of goods sold as reported |
|
$ |
1,530,535 |
|
|
$ |
1,626,324 |
|
|
$ |
1,570,400 |
|
| Income
(loss) before benefit for income taxes: |
|
|
|
|
|
|
|
|
|
| Production |
|
$ |
(77,833 |
) |
|
$ |
(27,457 |
) |
|
$ |
(6,879 |
) |
| Marketing
and distribution |
|
|
18,191 |
|
|
|
(2,463 |
) |
|
|
4,517 |
|
| Corporate
activities |
|
|
(8,856 |
) |
|
|
(8,475 |
) |
|
|
2,907 |
|
| |
|
$ |
(68,498 |
) |
|
$ |
(38,395 |
) |
|
$ |
545 |
|
| Depreciation: |
|
|
|
|
|
|
|
|
|
|
|
|
| Production |
|
$ |
40,099 |
|
|
$ |
37,637 |
|
|
$ |
34,528 |
|
| Corporate
activities |
|
|
750 |
|
|
|
1,014 |
|
|
|
913 |
|
| |
|
$ |
40,849 |
|
|
$ |
38,651 |
|
|
$ |
35,441 |
|
| Interest
expense: |
|
|
|
|
|
|
|
|
|
| Production |
|
$ |
7,116 |
|
|
$ |
5,887 |
|
|
$ |
20,794 |
|
| Marketing
and distribution |
|
|
1,388 |
|
|
|
1,271 |
|
|
|
1,404 |
|
| Corporate
activities |
|
|
8,628 |
|
|
|
5,780 |
|
|
|
208 |
|
| |
|
$ |
17,132 |
|
|
$ |
12,938 |
|
|
$ |
22,406 |
|
|