Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.22.4
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]      
Net sales $ 1,335,621 $ 1,207,892 $ 897,023
Cost of goods sold 1,363,171 1,140,108 844,164
Gross profit (loss) (27,550) 67,784 52,859
Selling, general and administrative expenses (31,579) (29,185) (31,980)
Gain on litigation settlement 11,750
Gain (loss) on sale (disposal) of assets (2,230) 4,571 1,580
Asset impairments (3,100) (24,356)
Income (loss) from operations (61,359) 40,070 9,853
Income from cash grant 22,652
Income from loan forgiveness 9,860
Interest expense, net (1,827) (3,587) (17,943)
Fair value adjustments (9,959)
Other income, net 862 1,208 750
Income (loss) before provision (benefit) for income taxes (39,672) 47,551 (17,299)
Provision (benefit) for income taxes 1,925 1,469 (17)
Consolidated net income (loss) (41,597) 46,082 (17,282)
Net loss attributed to noncontrolling interests 2,166
Net income (loss) attributed to Alto Ingredients, Inc. (41,597) 46,082 (15,116)
Preferred stock dividends (1,265) (1,265) (1,268)
Income allocated to participating securities (600)
Income (loss) available to common stockholders $ (42,862) $ 44,217 $ (16,384)
Income (loss) per share, basic (in Dollars per share) $ (0.6) $ 0.62 $ (0.28)
Income (loss) per share, diluted (in Dollars per share) $ (0.6) $ 0.61 $ (0.28)
Weighted-average shares outstanding, basic (in Shares) 71,944 71,098 58,609
Weighted-average shares outstanding, diluted (in Shares) 71,944 72,219 58,609