Quarterly report pursuant to Section 13 or 15(d)

SEGMENTS. (Tables)

v3.20.2
SEGMENTS. (Tables)
6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Schedule of financial data for operating segments
    Three Months Ended
June 30,
    Six Months Ended
June 30,
 
    2020     2019     2020     2019  
                         
Net Sales                        
Production, recorded as gross:                        
Ethanol/alcohol sales   $ 105,321     $ 194,394     $ 289,989     $ 373,783  
Co-product sales     35,328       64,679       104,129       133,485  
Intersegment sales     503       421       1,097       784  
Total production sales     141,152       259,494       395,215       508,052  
                                 
Marketing and distribution:                                
Ethanol/alcohol sales, gross   $ 71,118     $ 86,754     $ 128,624     $ 193,908  
Ethanol/alcohol sales, net     307       474       736       928  
Intersegment sales     893       1,942       2,785       3,760  
Total marketing and distribution sales     72,318       89,170       132,145       198,596  
                                 
Intersegment eliminations     (1,396 )     (2,363 )     (3,882 )     (4,544 )
Net sales as reported   $ 212,074     $ 346,301     $ 523,478     $ 702,104  
                         
Cost of goods sold:                        
Production   $ 113,196     $ 257,187     $ 382,857     $ 515,782  
Marketing and distribution     69,092       87,741       126,211       189,569  
Intersegment eliminations     (1,396 )     (2,598 )     (3,882 )     (4,929 )
Cost of goods sold as reported   $ 180,892     $ 342,330     $ 505,186     $ 700,422  
                         
Income (loss) before benefit for income taxes:                        
Production   $ 17,811     $ (7,117 )   $ (7,219 )   $ (24,683 )
Marketing and distribution     1,664       (129 )     2,605       5,989  
Corporate activities     (4,621 )     (1,044 )     (7,688 )     (3,757 )
    $ 14,854     $ (8,290 )   $ (12,302 )   $ (22,451 )
Depreciation and amortization:                                
Production   $ 9,034     $ 10,199     $ 18,540     $ 23,557  
Corporate activities     79       113       266       358  
    $ 9,113     $ 10,312     $ 18,806     $ 23,915  
                         
Interest expense:                        
Production   $ 1,623     $ 2,048     $ 3,739     $ 3,755  
Marketing and distribution     313       774       940       1,362  
Corporate activities     2,711       2,293       5,275       4,734  
    $ 4,647     $ 5,115     $ 9,954     $ 9,851  
Schedule of assets by operating segments
  June 30,
2020
    December 31,
2019
 
Total assets:            
Production   $ 397,331     $ 492,060  
Marketing and distribution     82,868       106,863  
Corporate assets     16,930       13,572  
    $ 497,129     $ 612,495