v3.21.2
Condensed Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
REVENUES:        
Revenues $ 816,166 $ 543,404 $ 1,355,909 $ 1,016,249
Total revenues 816,220 543,905 1,355,963 1,016,862
COSTS OF GOODS SOLD 692,707 521,350 1,158,649 888,746
GROSS PROFIT 123,513 22,555 197,314 128,116
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 35,015 28,427 66,192 55,912
GAIN ON DISPOSAL OF PROPERTY, PLANT AND EQUIPMENT (39) (187) (39) (187)
IMPAIRMENT OF ASSETS 916 0 1,738 0
INCOME (LOSS) FROM OPERATIONS 87,621 (5,685) 129,423 72,391
OTHER INCOME (EXPENSE), NET:        
Gain (loss) on debt extinguishment (2,527) 619 (4,449) 1,791
Gain on lease termination 0 4,459 0 4,459
Interest income 1,184 550 2,496 550
Other income (expense) (241) 1,665 539 1,362
Interest expense (4,271) (1,664) (5,388) (4,610)
Total other income (expense), net (5,855) 5,629 (6,802) 3,552
INCOME (LOSS) BEFORE INCOME TAXES 81,766 (56) 122,621 75,943
INCOME TAX EXPENSE (2,250) (1,629) (3,883) (2,961)
Net income (loss) 79,516 (1,685) 118,738 72,982
LESS—EFFECT OF PARTICIPATING SHARE-BASED AWARDS 729 0 1,475 1,500
NET INCOME (LOSS) AVAILABLE TO COMMON STOCKHOLDERS $ 78,787 $ (1,685) $ 117,263 $ 71,482
Basic net income (loss) per share available to common stockholders:        
Net income (loss) per share (in dollars per share) $ 1.64 $ (0.04) $ 2.65 $ 1.83
Diluted net income (loss) per share available to common stockholders:        
Net income (loss) per share (in dollars per share) $ 1.62 $ (0.04) $ 2.62 $ 1.66
Weighted-average shares used to compute basic net income (loss) per share available to common stockholders:        
Basic (in shares) 48,120,735 39,177,381 44,294,421 39,078,219
Weighted-average shares used to compute diluted net income (loss) per share available to common stockholders:        
Diluted (in shares) 48,576,626 39,177,381 44,769,007 43,000,196
Bio-based diesel        
REVENUES:        
Revenues $ 741,393 $ 451,329 $ 1,220,887 $ 857,727
Bio-based diesel government incentives        
REVENUES:        
Revenues 74,773 92,075 135,022 158,522
Other        
REVENUES:        
Total revenues $ 54 $ 501 $ 54 $ 613

Source