v3.21.2
Condensed Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
REVENUES:        
Revenues $ 1,006,338 $ 572,253 $ 2,362,247 $ 1,588,502
Total revenues 1,006,342 572,358 2,362,305 1,589,220
COSTS OF GOODS SOLD 917,434 498,402 2,076,083 1,387,147
GROSS PROFIT 88,908 73,956 286,222 202,073
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 34,354 31,059 100,546 86,971
GAIN ON DISPOSAL OF PROPERTY, PLANT AND EQUIPMENT 0 0 (39) (187)
IMPAIRMENT OF ASSETS 3,498 19,256 5,236 19,256
INCOME FROM OPERATIONS 51,056 23,641 180,479 96,033
OTHER INCOME (EXPENSE), NET:        
Gain (loss) on debt extinguishment 0 18 (4,449) 1,809
Gain on lease termination 0 0 0 4,459
Interest income 1,420 777 3,916 1,327
Other income (expense) (738) 818 (199) 2,178
Interest expense (8,619) (1,545) (14,007) (6,154)
Total other income (expense), net (7,937) 68 (14,739) 3,619
INCOME BEFORE INCOME TAXES 43,119 23,709 165,740 99,652
INCOME TAX EXPENSE (652) (1,046) (4,535) (4,007)
Net income 42,467 22,663 161,205 95,645
LESS—EFFECT OF PARTICIPATING SHARE-BASED AWARDS 334 440 1,735 1,895
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 42,133 $ 22,223 $ 159,470 $ 93,750
Basic net income per share available to common stockholders:        
Net income (loss) per share (in dollars per share) $ 0.84 $ 0.57 $ 3.44 $ 2.39
Diluted net income per share available to common stockholders:        
Net income (loss) per share (in dollars per share) $ 0.83 $ 0.51 $ 3.41 $ 2.17
Weighted-average shares used to compute basic net income per share available to common stockholders:        
Basic (in shares) 50,249,162 39,306,263 46,301,147 39,154,788
Weighted-average shares used to compute diluted net income per share available to common stockholders:        
Diluted (in shares) 50,563,451 43,624,340 46,739,811 43,107,989
Bio-based diesel        
REVENUES:        
Revenues $ 919,051 $ 492,769 $ 2,139,938 $ 1,350,496
Bio-based diesel government incentives        
REVENUES:        
Revenues 87,287 79,484 222,309 238,006
Other        
REVENUES:        
Other revenue $ 4 $ 105 $ 58 $ 718

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