Quarterly report pursuant to Section 13 or 15(d)

SEGMENTS. (Tables)

v3.20.1
SEGMENTS. (Tables)
 3 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Schedule of financial data for operating segments
 

Three Months Ended
March 31,

  
Net Sales     2020       2019  
Production, recorded as gross:                
Ethanol/alcohol sales   $ 186,696     $ 179,388  
Co-product sales     68,802       68,806  
Intersegment sales     594       364  
Total production sales     256,092       248,558  
                 
Marketing and distribution:                
Ethanol/alcohol sales, gross   $ 55,477     $ 107,154  
Ethanol/alcohol sales, net     429       455  
Intersegment sales     1,892       1,818  
Total marketing and distribution sales     57,798       109,427  
                 
Intersegment eliminations     (2,486 )     (2,182 )
Net sales as reported   $ 311,404     $ 355,803  
                 
Cost of goods sold:                
Production   $ 271,690     $ 258,594  
Marketing and distribution     57,119       101,829  
Intersegment eliminations     (4,515 )     (2,331 )
Cost of goods sold, as reported   $ 324,294     $ 358,092  
                 
Income (loss) before benefit for income taxes:                
Production   $ (24,593 )   $ (17,566 )
Marketing and distribution     941       6,119  
Corporate activities     (3,504 )     (2,714 )
    $ (27,156 )   $ (14,161 )
Depreciation and amortization:                
Production   $ 9,614     $ 12,005  
Corporate activities     99       121  
    $ 9,713     $ 12,126  
Interest expense:                
Production   $ 2,116     $ 1,706  
Marketing and distribution     627       588  
Corporate activities     2,564       2,442  
    $ 5,307     $ 4,736  
Schedule of assets by operating segments

    March 31, 2020     December 31, 2019  
Total assets:            
Production   $ 471,891     $ 492,060  
Marketing and distribution     82,288       106,863  
Corporate assets     16,930       13,572  
    $ 571,109     $ 612,495