v3.19.1
Condensed Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
REVENUES:    
Revenues $ 478,137 $ 687,225
Total revenues 478,209 688,002
Costs of goods sold 491,001 438,547
GROSS PROFIT (LOSS) (12,792) 249,455
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 25,145 31,654
RESEARCH AND DEVELOPMENT EXPENSE 209 1,034
INCOME (LOSS) FROM OPERATIONS (38,146) 216,767
OTHER INCOME (EXPENSE), NET:    
Change in fair value of contingent consideration (304) (458)
Loss on debt extinguishment (2) (232)
Gain on involuntary conversion 0 4,000
Other income, net 854 1,215
Interest expense (4,219) (4,651)
Total other income (expense), net (3,671) (126)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (41,817) 216,641
INCOME TAX BENEFIT 430 1,203
NET INCOME (LOSS) FROM CONTINUING OPERATIONS (41,387) 217,844
DISCONTINUED OPERATIONS:    
Loss on operations of discontinued operations (2,017) (3,455)
NET LOSS ON DISCONTINUED OPERATIONS (2,017) (3,455)
NET INCOME (LOSS) TO THE COMPANY (43,404) 214,389
LESS—EFFECT OF PARTICIPATING SHARE-BASED AWARDS ON CONTINUING OPERATIONS 0 5,236
NET INCOME (LOSS) FROM CONTINUING OPERATIONS ATTRIBUTABLE TO THE COMPANY’S COMMON STOCKHOLDERS (41,387) 212,608
NET LOSS FROM DISCONTINUED OPERATIONS ATTRIBUTABLE TO THE COMPANY’S COMMON STOCKHOLDERS $ (2,017) $ (3,455)
Basic net income (loss) per share attributable to common stockholders:    
Continuing operations (in dollars per share) $ (1.11) $ 5.48
Discontinued operations (in dollars per share) (0.05) (0.09)
Net income (loss) per share (in dollars per share) (1.16) 5.39
Diluted net income (loss) per share attributable to common stockholders:    
Continuing operations (in dollars per share) (1.11) 5.38
Discontinued operations (in dollars per share) (0.05) (0.09)
Net income (loss) per share (in dollars per share) $ (1.16) $ 5.30
Weighted-average shares used to compute basic net loss per share attributable to common stockholders:    
Basic (in shares) 37,353,352 38,819,443
Weighted-average shares used to compute diluted net loss per share attributable to common stockholders:    
Continuing operations (in shares) 37,353,352 39,484,087
Discontinued operations (in shares) 37,353,352 38,819,443
Net income (loss) (in shares) 37,353,352 39,484,087
Biomass-based diesel    
REVENUES:    
Revenues $ 455,206 $ 274,761
Costs of goods sold 484,413 405,810
Separated RINs    
REVENUES:    
Revenues 22,463 47,179
Costs of goods sold 6,585 32,737
Biomass-based diesel government incentives    
REVENUES:    
Revenues 468 365,285
Other    
REVENUES:    
Total revenues 72 777
Costs of goods sold $ 3 $ 0

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