Alto Ingredients, Inc. Quarterly report pursuant to Section 13 or 15(d)

Segments (Tables)

3 Months Ended

Mar. 31, 2022

	Three Months Ended March 31,
Net Sales	2022			2021
Pekin Campus production, recorded as gross:
Alcohol sales	$	116,050		$	95,083
Essential ingredient sales		55,280			45,077
Intersegment sales		256			1,473
Total Pekin Campus sales		171,586			141,633
Marketing and distribution:
Alcohol sales, gross	$	53,926		$	57,010
Alcohol sales, net		351			452
Intersegment sales		2,996			2,244
Total marketing and distribution sales		57,273			59,706
Other production, recorded as gross:
Alcohol sales	$	59,805		$	15,969
Essential ingredient sales		18,938			5,143
Intersegment sales		12			305
Total Other production sales		78,755			21,417

Corporate and other		3,768			—
Intersegment eliminations		(3,264	)		(4,022	)
Net sales as reported	$	308,118		$	218,734

Cost of goods sold:
Pekin Campus	$	168,881		$	128,864
Marketing and distribution		54,716			53,958
Other production		78,244			24,117
Corporate and other		2,872			—
Intersegment eliminations		(1,368	)		(2,042	)
Cost of goods sold as reported	$	303,345		$	204,897

Gross profit (loss):
Pekin Campus production	$	2,705		$	12,769
Marketing and distribution		2,557			5,748
Other production		511			(2,700	)
Corporate and other		896			—
Intersegment eliminations		(1,896	)		(1,980	)
Gross profit (loss) as reported	$	4,773		$	13,837

Income (loss) before provision for income taxes:
Pekin Campus production	$	85		$	10,012
Marketing and distribution		785			3,735
Other production		(1,209	)		(5,945	)
Corporate and other		(2,263	)		(3,124	)
	$	(2,602	)	$	4,678

Depreciation and amortization:
Pekin Campus production	$	4,538		$	4,345
Other production		1,456			1,498
Corporate and other		140			17
	$	6,134		$	5,860

Interest expense:
Pekin Campus production	$	—		$	519
Marketing and distribution		200			202
Other production		—			136
Corporate and other		—			1,028
	$	200		$	1,885