XML 31 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
REVENUES:      
Biomass-based diesel sales $ 1,141,281 $ 1,052,772 $ 1,207,618
Biomass-based diesel government incentives 245,868 220,634 290,393
Total biodiesel sales 1,387,149 1,273,406 1,498,011
Services 195 425 127
Total revenue 1,387,344 1,273,831 1,498,138
COSTS OF GOODS SOLD:      
Biomass-based diesel 1,272,125 1,070,430 1,209,191
Biomass-based diesel—related parties [1] 4,542 42,622 49,358
Services 134 167 156
Total cost of goods sold 1,276,801 1,113,219 1,258,705
GROSS PROFIT 110,543 160,612 239,433
SELLING, GENERAL, AND ADMINISTRATIVE EXPENSES (includes related party amounts of $0, $45, and $37, respectively) 73,397 62,681 45,865
RESEARCH AND DEVELOPMENT EXPENSE 16,851 12,424 258
IMPAIRMENT OF GOODWILL 175,028 0 0
INCOME (LOSS) FROM OPERATIONS (154,733) 85,507 193,310
OTHER INCOME (EXPENSE), NET:      
Change in fair value of contingent consideration 359 6,631 0
Other income 5,830 662 388
Interest expense (includes related party amounts of $0, $7, and $30, respectively) (11,867) (6,690) (2,397)
Total other income (expenses) (5,678) 603 (2,009)
INCOME (LOSS) BEFORE INCOME TAXES (160,411) 86,110 191,301
INCOME TAX BENEFIT (EXPENSE) 8,701 (3,572) (4,935)
NET INCOME (LOSS) (151,710) 82,538 186,366
LESS—NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST (318) (73) 0
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY (151,392) 82,611 186,366
PLUS—GAIN ON REDEMPTION OF PREFERRED STOCK 0 378 0
LESS—EFFECT OF CHANGES TO PREFERRED STOCK 0 (40) (2,055)
LESS—EFFECT OF PARTICIPATING PREFERRED STOCK 0 (91) (16,272)
LESS—EFFECT OF PARTICIPATING SHARE-BASED AWARDS 0 (1,238) (2,785)
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY’S COMMON STOCKHOLDERS $ (151,392) $ 81,620 $ 165,254
Net income (loss) per share attributable to common stockholders:      
Basic (in dollars per share) $ (3.44) $ 2.00 $ 5.00
Diluted (in dollars per share) $ (3.44) $ 1.99 $ 5.00
Weighted-average shares used to compute net income (loss) per share attributable to common stockholders:      
Basic (in shares) 43,958,803 40,740,411 33,045,164
Diluted (in shares) 43,958,803 40,749,913 33,052,879
[1] Represents transactions with West Central prior to the Company's determination that West Central was no longer a related party.