General form of registration statement for all companies including face-amount certificate companies

SEGMENTS. (Tables)

v3.19.3.a.u2
SEGMENTS. (Tables)
 9 Months Ended 12 Months Ended
Sep. 30, 2019
Dec. 31, 2018
Segment Reporting [Abstract]    
Schedule of financial date for operating segments

The following tables set forth certain financial data for the Company’s operating segments (in thousands):

  

    Three Months Ended
September 30,		     Nine Months Ended
September 30,		  
Net Sales   2019     2018     2019     2018  
Production, recorded as gross:                        
Ethanol/alcohol sales   $ 212,897     $ 216,788     $ 586,680     $ 670,304  
Co-product sales     65,693       73,259       199,177       226,307  
Intersegment sales     403       518       1,187       1,531  
Total production sales     278,993       290,565       787,044       898,142  
                                 
Marketing and distribution:                                
Ethanol/alcohol sales, gross   $ 86,124     $ 79,877     $ 280,032     $ 282,940  
Ethanol/alcohol sales, net     446       483       1,375       1,405  
Intersegment sales     2,079       2,201       5,839       6,757  
Total marketing and distribution sales     88,649       82,561       287,246       291,102  
                                 
Intersegment eliminations     (2,482 )     (2,719 )     (7,026 )     (8,288 )
Net sales as reported   $ 365,160     $ 370,407     $ 1,067,264     $ 1,180,956  
                                 
Cost of goods sold:                                
Production   $ 294,888     $ 295,574     $ 810,670     $ 914,638  
Marketing and distribution     87,976       73,784       277,545       268,917  
Intersegment eliminations     (2,888 )     (2,719 )     (7,817 )     (8,456 )
Cost of goods sold as reported   $ 379,976     $ 366,639     $ 1,080,398     $ 1,175,099  
                                 
Income (loss) before benefit for income taxes:                                
Production   $ (25,999 )   $ (15,571 )   $ (50,682 )   $ (45,355 )
Marketing and distribution     (998 )     7,416       4,991       18,095  
Corporate activities     (2,076 )     (1,149 )     (5,833 )     (6,708 )
    $ (29,073 )   $ (9,304 )   $ (51,524 )   $ (33,968 )
                                 
Depreciation and amortization:                                
Production   $ 11,833     $ 10,040     $ 35,390     $ 30,017  
Corporate activities     195       177       554       618  
    $ 12,028     $ 10,217     $ 35,944     $ 30,635  
                                 
Interest expense:                                
Production   $ 1,969     $ 1,692     $ 5,724     $ 5,416  
Marketing and distribution     929       344       2,291       1,042  
Corporate activities     2,265       2,157       6,999       6,417  
    $ 5,163     $ 4,193     $ 15,014     $ 12,875  

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  
Schedule of assets by operating segments

The following table sets forth the Company’s total assets by operating segment (in thousands): 

 

Total assets:   September 30,
2019		     December 31,
2018		  
Production   $ 527,950     $ 532,790  
Marketing and distribution     108,960       112,984  
Corporate assets     15,950       14,117  
    $ 652,860     $ 659,891  

The following table sets forth the Company's total assets by operating segment (in thousands): 

 

    December 31, 2018     December 31, 2017  
Total assets:            
             
Production   $ 532,790     $ 583,696  
Marketing and distribution     112,984       127,242  
Corporate assets     14,117       9,358  
    $ 659,891     $ 720,296