Revenue (Tables)

12 Months Ended

Dec. 31, 2019

Revenue [Abstract]

Disaggregatation Of Revenue By Major Source

The following tables disaggregate revenue by major source for the years ended December 31, 2019 and 2018 (in thousands):

	Twelve Months Ended December 31, 2019 (1)
	Ethanol Production		Agribusiness & Energy Services		Food & Ingredients		Partnership		Eliminations		Total
Revenues:
Revenues from contracts with customers under ASC 606:
Ethanol	$	620	$	-	$	-	$	-	$	-	$	620
Distillers grains		70,729		-		-		-		-		70,729
Service revenues		-		-		-		6,422		-		6,422
Other		2,589		3,684		-		-		-		6,273
Intersegment revenues		100		-		-		7,126		(7,226)		-
Total revenues from contracts with customers		74,038		3,684		-		13,548		(7,226)		84,044
Revenues from contracts accounted for as derivatives under ASC 815 (2):
Ethanol		1,338,093		522,572		-		-		-		1,860,665
Distillers grains		228,849		42,445		-		-		-		271,294
Corn oil		50,290		28,034		1,451		-		-		79,775
Grain		175		63,233		-		-		-		63,408
Other		9,270		48,348		-		-		-		57,618
Intersegment revenues		-		27,184		-		-		(27,184)		-
Total revenues from contracts accounted for as derivatives		1,626,677		731,816		1,451		-		(27,184)		2,332,760
Leasing revenues under ASC 842 (3)		-		-		-		68,839		(68,405)		434
Total Revenues	$	1,700,715	$	735,500	$	1,451	$	82,387	$	(102,815)	$	2,417,238

	Twelve Months Ended December 31, 2018 (1)
	Ethanol Production		Agribusiness & Energy Services		Food & Ingredients		Partnership		Eliminations		Total
Revenues:
Revenues from contracts with customers under ASC 606:
Ethanol	$	3,803	$	-	$	-	$	-	$	-	$	3,803
Distillers grains		206,905		-		-		-		-		206,905
Vinegar		-		-		108,011		-		-		108,011
Service revenues		-		-		-		5,180		-		5,180
Other		5,369		3,014		-		-		-		8,383
Intersegment revenues		186		24		-		9,030		(9,240)		-
Total revenues from contracts with customers		216,263		3,038		108,011		14,210		(9,240)		332,282
Revenues from contracts accounted for as derivatives under ASC 815 (2):
Ethanol		1,618,319		418,956		-		-		-		2,037,275
Distillers grains		198,738		141,140		-		-		-		339,878
Corn oil		66,567		22,623		13,110		-		-		102,300
Grain		520		81,742		-		-		-		82,262
Other		20,254		68,380		-		-		-		88,634
Intersegment revenues		-		33,077		-		-		(33,077)		-
Total revenues from contracts accounted for as derivatives		1,904,398		765,918		13,110		-		(33,077)		2,650,349
Leasing revenues under ASC 840 (3)		-		-		-		86,538		(85,237)		1,301
Total Revenues	$	2,120,661	$	768,956	$	121,121	$	100,748	$	(127,554)	$	2,983,932

(1)Revenues include certain items which were previously considered intercompany transactions prior to the disposition of GPCC and therefore eliminated upon consolidation. These revenue transactions are now presented on a gross basis in product revenues. These revenue transactions total $14.5 million and $24.6 million for the years ended December 31, 2019 and 2018, respectively.

(2)Revenues from contracts accounted for as derivatives represent physically settled derivative sales that are outside the scope of ASC 606, where the company recognizes revenue when control of the inventory is transferred within the meaning of ASC 606 as required by ASC 610-20, Gains and Losses from Derecognition of Nonfinancial Assets.

(3)Leasing revenues do not represent revenues recognized from contracts with customers under ASC 606, and are accounted for under ASC 842, Leases for 2019 and ASC 840, Leases for 2018.