XML 75 R21.htm IDEA: XBRL DOCUMENT v2.4.0.6
Schedule I - Condensed Financial Information of Registrant
12 Months Ended
Dec. 31, 2012
Condensed Financial Information Of Registrant [Abstract]  
Condensed Financial Information Of Registrant [Text Block]

Schedule I

BioFuel Energy Corp.

Condensed Financial Information of Registrant

(Parent company information — See notes to consolidated financial statements)

(in thousands, except share data)

 

Condensed Balance Sheets

 

    December 31,  
    2012     2011  
Assets                
Investment in BioFuel Energy, LLC   $ 56,230     $ 94,310  
Total assets   $ 56,230     $ 94,310  
Stockholders' equity                
Preferred stock, $0.01 par value; 5,000,000 shares authorized and no shares outstanding at December 31, 2012 and December 31, 2011   $     $  
Common stock, $0.01 par value; 10,000,000 shares authorized and 5,483,773 shares outstanding at December 31, 2012 and 5,270,848 shares outstanding at December 31, 2011     54       53  
Class B common stock, $0.01 par value; 3,750,000 shares authorized and 795,479 shares outstanding at December 31, 2012 and 931,154 shares outstanding at December 31, 2011     8       9  
Less common stock held in treasury, at cost, 40,481 shares at December 31, 2012 and December 31, 2011     (4,316 )     (4,316 )
Additional paid-in capital     189,604       187,841  
Accumulated deficit     (129,120 )     (89,277 )
Total stockholders' equity   $ 56,230     $ 94,310  

 

Condensed Statements of Loss

 

    Years Ended December 31,  
    2012     2011  
Equity in loss of BioFuel Energy, LLC   $ (39,568 )   $ (7,344 )
Other expenses     (275 )     (1,373 )
Net loss   $ (39,843 )   $ (8,717 )

 

Condensed Statements of Cash Flows

 

    Years Ended December 31,  
    2012     2011  
Cash flow from operating activities:                
Net loss   $ (39,843 )   $ (8,717 )
Adjustment to reconcile net loss to net cash used in operating activities:                
Equity in loss of BioFuel Energy, LLC     39,568       7,344  
Net cash used in operating activities     (275 )     (1,373 )
Cash flows from investing activities:                
Distributions from BioFuel Energy, LLC     275       2,738  
Net cash provided by investing activities     275       2,738  
Cash flows used in financing activities:                
Payment of equity offering costs           (1,276 )
Payment of debt issuance costs           (89 )
Net cash used in financing activities           (1,365 )
Cash and equivalents at end of period   $     $