v3.19.3.a.u2
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
REVENUES:      
Revenues $ 2,639,753 $ 2,380,701 $ 2,153,537
Revenues from continuing operations 2,641,393 2,382,987 2,154,655
Total cost of goods sold 2,111,324 1,962,996 2,070,301
GROSS PROFIT 530,069 419,991 84,354
SELLING, GENERAL, AND ADMINISTRATIVE EXPENSES 118,209 106,739 95,843
IMPAIRMENT OF PROPERTY, PLANT, AND EQUIPMENT 12,208 879 49,873
INCOME (LOSS) FROM OPERATIONS 399,652 312,373 (61,362)
OTHER INCOME (EXPENSE), NET:      
Change in fair value of contingent consideration (566) (1,117) (2,151)
Change in fair value of convertible debt conversion liability 0 0 (18,833)
Gain on debt extinguishment 488 6,297 0
Gain on involuntary conversion 0 4,457 5,329
Other income (expense) 1,763 5,023 (997)
Interest expense (12,176) (17,534) (18,755)
Total other income (expense), net (10,491) (2,874) (35,407)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 389,161 309,499 (96,769)
INCOME TAX BENEFIT (EXPENSE) 570 (5,871) 30,490
NET INCOME (LOSS) FROM CONTINUING OPERATIONS 389,731 303,628 (66,279)
DISCONTINUED OPERATIONS (NOTE 6):      
Loss on operations of discontinued operations (9,667) (86) (12,800)
Impairment loss on assets classified as held for sale 0 (11,226) 0
NET LOSS ON DISCONTINUED OPERATIONS (9,667) (11,312) (12,800)
NET INCOME (LOSS) 380,064 292,316 (79,079)
LESS—EFFECT OF PARTICIPATING SHARE-BASED AWARDS ON CONTINUING OPERATIONS (8,619) (7,824) 0
NET INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO COMMON STOCKHOLDERS 381,112 295,804 (66,279)
NET LOSS FROM DISCONTINUED OPERATIONS AVAILABLE TO COMMON STOCKHOLDERS $ (9,667) $ (11,312) $ (12,800)
Basic net income (loss) per share available to common stockholders      
Continuing operations (in dollars per share) $ 9.95 $ 7.85 $ (1.71)
Discontinued operations (in dollars per share) (0.25) (0.30) (0.33)
Net income (loss) per share (in dollars per share) 9.71 7.56 (2.04)
Diluted net income (loss) per share available to common stockholders      
Continuing operations (in dollars per share) 9.01 6.78 (1.71)
Discontinued operations (in dollars per share) (0.25) (0.30) (0.33)
Net income (loss) per share (in dollars per share) $ 8.78 $ 6.52 $ (2.04)
Weighted-average shares used to compute basic net income (loss) per share available to common stockholders:      
Basic (in shares) 38,288,610 37,687,552 38,731,015
Weighted-average shares used to compute diluted net income (loss) per share available to common stockholders:      
Continuing operations (in shares) 42,320,980 43,653,720 38,731,015
Discontinued operations (in shares) 38,288,610 37,687,552 38,731,015
Net income (loss) per share (in shares) 42,320,980 43,653,720 38,731,015
Biomass-based diesel      
REVENUES:      
Revenues $ 1,875,076 $ 1,875,316 $ 1,787,308
Total cost of goods sold 2,072,139 1,887,292 1,805,408
Separated RINs      
REVENUES:      
Revenues 98,285 137,895 337,501
Total cost of goods sold 39,174 75,704 264,765
Biomass-based diesel government incentives      
REVENUES:      
Revenues 666,392 367,490 28,728
Product and Service, Other [Member]      
REVENUES:      
Revenues from continuing operations 1,640 2,286 1,118
Total cost of goods sold $ 11 $ 0 $ 128

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