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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Assets    
Cash and cash equivalents $ 243,331 $ 214,972
Accounts receivable, inclusive of the blenders' tax credit of $97,295 and $0, and net of allowances for bad debt of $0 110,264 16,294
Accounts receivable – related parties 4,602 1,844
Inventory 37,573 39,296
Income tax receivable 8,062 6,858
Prepaid expenses 1,932 1,767
Prepaid expenses – related parties 12 12
Marketable securities 73,620 79,888
Other current assets 1,493 1,399
Total current assets 480,889 362,330
Property, plant and equipment, net 98,597 103,575
Intangible assets 1,408 1,408
Other assets 5,611 3,842
Total noncurrent assets 105,616 108,825
Total Assets 586,505 471,155
Liabilities and Stockholders’ Equity    
Accounts payable, inclusive of the blenders' tax credit rebates due customers of $39,423 and $0 61,299 19,981
Accounts payable – related parties 1,255 1,689
Deferred revenue – current 5,237 4,581
Dividends payable 10,498 10,498
Accrued expenses and other current liabilities 4,410 2,742
Accrued expenses and other current liabilities – related parties 64
Total current liabilities 82,763 39,491
Deferred revenue – non-current 21,291 20,319
Other noncurrent liabilities 2,388 4,241
Noncurrent deferred income tax liability 12,965 18,026
Total noncurrent liabilities 36,644 42,586
Total liabilities 119,407 82,077
Commitments and contingencies:
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, none issued and outstanding
Common stock, $0.0001 par value, 75,000,000 shares authorized, 43,743,243 issued and outstanding as of December 31, 2019 and 2018 4 4
Accumulated other comprehensive income 296 (20)
Additional paid in capital 282,166 282,145
Retained earnings 184,632 106,949
Total stockholders’ equity 467,098 389,078
Total Liabilities and Stockholders’ Equity $ 586,505 $ 471,155