v3.20.2
Condensed Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
REVENUES:        
Revenues $ 575,947 $ 584,188 $ 1,595,967 $ 1,622,470
Total revenues 576,052 584,372 1,596,685 1,623,224
COSTS OF GOODS SOLD: 498,402 560,296 1,387,147 1,638,712
GROSS PROFIT (LOSS) 77,650 24,076 209,538 (15,488)
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 31,059 24,762 86,971 77,157
GAIN ON DISPOSAL OF PROPERTY, PLANT AND EQUIPMENT 0 0 (187) 0
IMPAIRMENT OF PROPERTY, PLANT AND EQUIPMENT 19,256 11,145 19,256 11,613
INCOME (LOSS) FROM OPERATIONS 27,335 (11,831) 103,498 (104,258)
OTHER INCOME (EXPENSE), NET:        
Change in fair value of contingent consideration 0 136 0 (566)
Gain (loss) on debt extinguishment 18 0 1,809 (2)
Gain on lease termination 0 0 4,459 0
Other income 1,594 179 3,505 1,724
Interest expense (1,070) (2,866) (4,732) (10,822)
Total other income (expense), net 542 (2,551) 5,041 (9,666)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 27,877 (14,382) 108,539 (113,924)
INCOME TAX BENEFIT (EXPENSE) (1,046) 629 (4,007) 1,149
NET INCOME (LOSS) FROM CONTINUING OPERATIONS 26,831 (13,753) 104,532 (112,775)
NET LOSS ON DISCONTINUED OPERATIONS 0 (2,193) 0 (8,672)
NET INCOME (LOSS) 26,831 (15,946) 104,532 (121,447)
LESS—EFFECT OF PARTICIPATING SHARE-BASED AWARDS ON CONTINUING OPERATIONS 492 0 2,071 0
NET INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO COMMON STOCKHOLDERS 26,339 (13,753) 102,461 (112,775)
NET LOSS FROM DISCONTINUED OPERATIONS AVAILABLE TO COMMON STOCKHOLDERS $ 0 $ (2,193) $ 0 $ (8,672)
Basic net income (loss) per share available to common stockholders:        
Continuing operations (in dollars per share) $ 0.67 $ (0.35) $ 2.62 $ (2.96)
Discontinued operations (in dollars per share) 0 (0.06) 0 (0.23)
Net income (loss) per share (in dollars per share) 0.67 (0.41) 2.62 (3.19)
Diluted net income (loss) per share available to common stockholders:        
Continuing operations (in dollars per share) 0.60 (0.35) 2.38 (2.96)
Discontinued operations (in dollars per share) 0 (0.06) 0 (0.23)
Net income (loss) per share (in dollars per share) $ 0.60 $ (0.41) $ 2.38 $ (3.19)
Weighted-average shares used to compute basic net income (loss) per share available to common stockholders:        
Basic (in shares) 39,306,263 38,959,606 39,154,788 38,060,782
Weighted-average shares used to compute diluted net income (loss) per share available to common stockholders:        
Net income (loss) (in shares) 43,624,340 38,959,606 43,107,989 38,060,782
Biomass-based diesel        
REVENUES:        
Revenues $ 492,769 $ 583,676 $ 1,350,496 $ 1,620,960
COSTS OF GOODS SOLD: 498,362 560,288 1,386,996 1,638,701
Biomass-based diesel government incentives        
REVENUES:        
Revenues 83,178 512 245,471 1,510
Other        
REVENUES:        
Total revenues 105 184 718 754
COSTS OF GOODS SOLD: $ 40 $ 8 $ 151 $ 11

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