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Revenue
12 Months Ended
Dec. 31, 2021
Revenue [Abstract]  
Revenue 4. REVENUE Revenue Recognition Revenue is recognized when obligations under the terms of a contract with a customer are satisfied. Generally this occurs with the transfer of control of products or services. Revenue is measured as the amount of consideration expected to be received in exchange for transferring goods or providing services. Sales, value add, and other taxes the company collects concurrent with revenue-producing activities are excluded from revenue. Revenue by Source The following tables disaggregate revenue by major source (in thousands): Twelve Months Ended December 31, 2021 Ethanol Production Agribusiness & Energy Services Partnership Eliminations TotalRevenues: Revenues from contracts with customers under ASC 606: Ethanol$ - $ - $ - $ - $ - Distillers grains 19,535  - - - 19,535  Corn oil - - - - - Service revenues 16,265  - 4,191  - 20,456  Other 32,096  14,090  - - 46,186  Intersegment revenues - - 8,028  (8,028) -Total revenues from contracts with customers 67,896  14,090  12,219  (8,028) 86,177 Revenues from contracts accounted for as derivatives under ASC 815 (1): Ethanol 1,589,649  498,367  - - 2,088,016  Distillers grains 355,230  40,763  - - 395,993  Corn oil 113,249  32,528  - - 145,777  Grain 51  37,118  - - 37,169  Other 27,293  46,660  - - 73,953  Intersegment revenues - 21,958  - (21,958) -Total revenues from contracts accounted for as derivatives 2,085,472  677,394  - (21,958) 2,740,908  Leasing revenues under ASC 842 (2) - - 66,233  (66,150) 83 Total Revenues$ 2,153,368  $ 691,484  $ 78,452  $ (96,136) $ 2,827,168  ‎ Twelve Months Ended December 31, 2020 Ethanol Production Agribusiness & Energy Services Partnership Eliminations TotalRevenues: Revenues from contracts with customers under ASC 606: Ethanol$ - $ - $ - $ - $ - Distillers grains 32,032  - - - 32,032  Corn oil - 2,938  - - 2,938  Service revenues - - 4,434  - 4,434  Other 4,306  6,423  - - 10,729  Intersegment revenues 100  4,463  8,411  (12,974) -Total revenues from contracts with customers 36,438  13,824  12,845  (12,974) 50,133 Revenues from contracts accounted for as derivatives under ASC 815 (1): Ethanol 1,150,018  287,261  - - 1,437,279  Distillers grains 261,554  41,184  - - 302,738  Corn oil 49,666  33,563  - - 83,229  Grain 42  32,833  - - 32,875  Other 4,863  12,201  - - 17,064  Intersegment revenues - 23,005  - (23,005) -Total revenues from contracts accounted for as derivatives 1,466,143  430,047  - (23,005) 1,873,185  Leasing revenues under ASC 842 (2) - - 70,500  (70,099) 401 Total Revenues$ 1,502,581  $ 443,871  $ 83,345  $ (106,078) $ 1,923,719  Twelve Months Ended December 31, 2019 Ethanol Production Agribusiness & Energy Services Partnership Eliminations TotalRevenues: 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 (1): Ethanol 1,338,093  522,572  - - 1,860,665  Distillers grains 228,849  42,445  - - 271,294  Corn oil 50,290  29,485  - - 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  733,267  - (27,184) 2,332,760  Leasing revenues under ASC 842 (2) - - 68,839  (68,405) 434 Total Revenues$ 1,700,715  $ 736,951  $ 82,387  $ (102,815) $ 2,417,238  (1)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.(2)Leasing revenues do not represent revenues recognized from contracts with customers under ASC 606, and are accounted for under ASC 842, Leases. Major Customer There were no customers that accounted for more than 10% of total revenues for the year ended December 31, 2021. Revenues from Customer A represented 16% and 11% of total revenues for the year ended December 31, 2020 and 2019, respectively and are reported in the ethanol production segment. Payment Terms The company has standard payment terms, which vary depending upon the nature of the services provided, with the majority falling within 10 to 30 days after transfer of control or completion of services. In instances where the timing of revenue recognition differs from the timing of invoicing, the company has determined that contracts generally do not include a significant financing component. Contract Liabilities The company records unearned revenue when consideration is received, or such consideration is unconditionally due, from a customer prior to transferring goods or services to the customer under the terms of service and lease agreements. Unearned revenue from service agreements, which represents a contract liability, is recorded for fees that have been charged to the customer prior to the completion of performance obligations. Unearned revenue is generally recognized in the subsequent quarter and is not material to the company. The company expects to recognize all of the unearned revenue associated with service agreements as of December 31, 2021, in the subsequent quarter when the inventory is withdrawn from the partnership’s tank storage.