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

SEGMENTS (Tables)

3 Months Ended

Mar. 31, 2018

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

	Three Months Ended March 31,
	2018			2017
Net Sales:
Production:
Net sales to external customers	$	294,159		$	243,075
Intersegment net sales		474			310
Total production segment net sales		294,633			243,385
Marketing and distribution:
Net sales to external customers		105,868			143,265
Intersegment net sales		2,226			1,837
Total marketing and distribution segment net sales		108,094			145,102
Net sales including intersegment activity		402,727			388,487
Intersegment eliminations		(2,700	)		(2,147	)
Net sales, as reported	$	400,027		$	386,340

*Cost of goods sold:*
Production	$	297,478		$	250,587
Marketing and distribution		100,932			143,676
Intersegment eliminations		(1,745	)		(2,150	)
Cost of goods sold, as reported	$	396,665		$	392,113

*Income (loss) before benefit for income taxes:*
Production	$	(12,445	)	$	(12,315	)
Marketing and distribution		5,750			150
Corporate activities		(3,365	)		(1,320	)
	$	(10,060	)	$	(13,485	)
Depreciation and amortization:
Production	$	9,932		$	8,847
Corporate activities		232			263
	$	10,164		$	9,110
Interest expense:
Production	$	2,024		$	1,092
Marketing and distribution		363			308
Corporate activities		2,118			1,237
	$	4,505		$	2,637

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