| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Operating Activities: | |||||||||
Consolidated net loss | |||||||||
-101,282 | -67,936 | -38,074 | 1,526 | -18,873 | 26,002 | -1,162 | -43,355 | -4,023 | 69,483 |
Adjustments to reconcile consolidated net loss to net cash provided by operating activities: | |||||||||
Amortization (accretion) of debt discount (premium) | |||||||||
689 | 720 | 636 | 2,322 | 716 | 1,815 | 1,272 | 0 | - | - |
Non-cash compensation | |||||||||
2,809 | 3,438 | 3,828 | 2,616 | 2,019 | 1,838 | 1,724 | 806 | - | - |
Change in fair value on commodity derivative instruments | |||||||||
- | - | -2,077 | -1,984 | -542 | -808 | -1,821 | 999 | - | - |
Fair value adjustments on convertible debt and warrants | |||||||||
- | - | - | - | - | - | - | - | 7,559 | -11,736 |
Amortization of deferred financing fees | |||||||||
511 | 900 | 503 | 137 | 272 | 1,217 | 2,009 | 736 | 651 | - |
Depreciation and amortization of intangibles | |||||||||
47,909 | 40,849 | 38,651 | 35,441 | 23,632 | 13,186 | 12,136 | 12,205 | 12,648 | 9,110 |
Asset impairment | |||||||||
29,292 | - | - | - | - | - | - | - | - | - |
Loss on debt extinguishment | |||||||||
6,517 | - | - | - | - | - | - | - | - | - |
Deferred income taxes | |||||||||
2 | 27 | - | - | - | - | - | - | - | - |
Fair value adjustments | |||||||||
- | - | -473 | 557 | -1,641 | 35,260 | 227 | -1,954 | - | - |
Gain on bankruptcy exit | |||||||||
- | - | - | - | - | - | - | - | - | -119,408 |
Loss on investment in Front Range, held for sale | |||||||||
- | - | - | - | - | - | - | - | - | -12,146 |
Loss on extinguishment of debt | |||||||||
- | - | - | - | - | -2,363 | -3,035 | 0 | - | -2,159 |
Asset impairment | |||||||||
- | - | - | - | 1,970 | 0 | 0 | - | - | - |
Deferred income taxes | |||||||||
- | - | 169 | -1,122 | -2,023 | 5,129 | 0 | 0 | - | - |
Inventory valuation | |||||||||
- | -350 | 2,678 | - | 509 | 970 | 8 | 816 | 47 | -490 |
Bad debt expense (recovery) | |||||||||
- | - | - | - | 354 | - | - | - | - | - |
Loss on derivatives | |||||||||
555 | -6,714 | - | - | - | - | - | - | - | -1,049 |
Interest expense added to plant owners' debt | |||||||||
- | - | - | - | - | - | 4,745 | 3,542 | - | - |
Interest on convertible debt paid with stock | |||||||||
- | - | - | - | - | - | 111 | 0 | - | - |
Non-cash compensation | |||||||||
- | - | - | - | - | - | - | - | 2,278 | - |
Derivative instruments | |||||||||
- | - | - | - | - | - | - | - | -96 | - |
Amortization of deferred financing costs | |||||||||
- | - | - | - | - | - | - | - | - | 1,001 |
Non-cash compensation | |||||||||
- | - | - | - | - | - | - | - | - | 2,471 |
Bad debt expense | |||||||||
27 | 45 | 5 | 306 | - | - | - | -6 | - | -184 |
Interest expense added to Senior Notes | |||||||||
1,185 | - | - | - | - | - | - | - | - | - |
Changes in operating assets and liabilities: | |||||||||
Bad debt expense | |||||||||
- | - | - | - | - | -42 | 169 | - | - | - |
Loss on disposals of assets | |||||||||
- | - | - | - | - | -439 | 0 | 0 | - | - |
Interest expense added to plant term debt | |||||||||
- | - | - | 9,451 | 0 | 0 | - | - | - | - |
Bad debt recovery | |||||||||
- | - | - | - | - | - | - | - | -218 | - |
Interest on convertible debt paid with stock | |||||||||
- | - | - | - | - | - | - | - | 3,076 | - |
Bargain purchase of New PE Holdco | |||||||||
- | - | - | - | - | - | - | - | - | -1,566 |
Equity earnings on Front Range | |||||||||
- | - | - | - | - | - | - | - | - | 928 |
Accounts receivable | |||||||||
6,698 | -12,663 | -17,562 | 25,235 | 15,950 | -726 | 9,414 | -2,095 | -2,067 | 13,789 |
Inventories | |||||||||
2,780 | -4,080 | -5,070 | -750 | 13,296 | -3,866 | 2,150 | 929 | 1,128 | 7,462 |
Prepaid expenses and other assets | |||||||||
-10,197 | 3,880 | -2,677 | -3,189 | 1,093 | 7,818 | 2,340 | -2,251 | -933 | 516 |
Prepaid expenses and other assets | |||||||||
- | - | - | - | - | - | - | - | - | -477 |
Prepaid inventory | |||||||||
- | - | -6,738 | 3,973 | -5,622 | -720 | 6,893 | -3,817 | -6,524 | - |
Prepaid inventory | |||||||||
-1,562 | -191 | - | - | - | - | - | - | - | - |
Operating leases | |||||||||
10,161 | - | - | - | - | - | - | - | - | - |
Accounts payable and accrued liabilities | |||||||||
-2,587 | 4,105 | -5,538 | 9,279 | -10,045 | 1,853 | 8,889 | 129 | -2,358 | -1,968 |
Net cash provided by operating activities | |||||||||
- | - | - | - | - | 88,332 | 14,187 | -20,846 | - | - |
Net cash provided by (used in) operating activities | |||||||||
-23,363 | 1,566 | 36,509 | 37,228 | -27,993 | - | - | - | -3,950 | -36,921 |
Investing Activities: | |||||||||
Additions to property and equipment | |||||||||
3,281 | 15,154 | 20,866 | 19,171 | 20,507 | 13,259 | 3,993 | 2,273 | 2,365 | 643 |
Purchase of cash collateralized letters of credit | |||||||||
- | - | - | - | - | - | 0 | - | - | - |
Purchases of PE Op Co. ownership interests | |||||||||
- | - | - | - | - | - | 2,340 | 10,000 | 9,117 | - |
Net cash used in investing activities | |||||||||
- | - | - | - | - | -13,259 | -6,333 | -12,273 | - | - |
Purchase of ICP, net of cash acquired | |||||||||
- | - | 29,574 | - | 0 | - | - | - | - | 19,494 |
Proceeds from cash collateralized letters of credit | |||||||||
- | - | - | -4,574 | 4,574 | 0 | - | - | - | - |
Net cash from acquisition of PE Central | |||||||||
- | - | - | - | 18,756 | 0 | 0 | - | - | - |
Proceeds from sale of investment in Front Range | |||||||||
- | - | - | - | - | - | - | - | - | 18,500 |
Net cash impact of deconsolidation of Front Range | |||||||||
- | - | - | - | - | - | - | - | - | 10,486 |
Net cash impact of bankruptcy exit | |||||||||
- | - | - | - | - | - | - | - | - | -1,301 |
Net cash used in investing activities | |||||||||
-3,281 | -15,154 | -50,440 | -14,597 | -6,325 | - | - | - | -11,482 | -13,424 |
Financing Activities: | |||||||||
Proceeds from CoGen contract amendment | |||||||||
8,036 | - | - | - | - | - | - | - | - | - |
Proceeds from plant term and revolving credit agreements | |||||||||
- | - | 42,000 | 97,000 | 0 | - | - | - | - | - |
Proceeds from assessment financing | |||||||||
- | 2,043 | - | - | - | - | - | - | - | - |
Payments on assessment financing | |||||||||
- | 415 | - | - | - | - | - | - | - | - |
Net proceeds from common stock and warrants | |||||||||
- | - | - | - | - | - | - | 20,924 | - | - |
Proceeds from warrant and option exercises | |||||||||
- | - | 1,202 | 1,164 | 368 | 43,676 | 2,064 | 0 | - | - |
Proceeds from assessment financing | |||||||||
- | - | 5,618 | 2,096 | - | - | - | - | - | - |
Payments on assessment financing | |||||||||
- | - | - | - | 0 | 0 | - | - | - | - |
Proceeds from convertible notes and warrants | |||||||||
- | - | - | - | - | - | 14,000 | - | - | 35,000 |
Proceeds from borrowings under DIP financing | |||||||||
- | - | - | - | - | - | - | - | - | 5,173 |
Proceeds from plant borrowings | |||||||||
- | - | - | - | - | - | 7,000 | 24,022 | 6,958 | 17,522 |
Net proceeds (payments) from Kinergy's line of credit | |||||||||
21,282 | 7,578 | -385 | -11,141 | 43,584 | -1,512 | -669 | - | - | - |
Net proceeds from common stock and warrants | |||||||||
- | - | - | - | - | 26,073 | 0 | - | 7,364 | - |
Proceeds from senior notes and warrants | |||||||||
- | - | - | - | - | - | 22,192 | 0 | - | - |
Proceeds from issuance of common stock | |||||||||
3,670 | 2,057 | - | - | - | - | - | - | - | - |
Purchase of Plant Owners' debt | |||||||||
- | - | - | - | - | - | - | 0 | - | - |
Net payments on Kinergy's line of credit | |||||||||
- | - | - | - | - | - | - | 721 | - | - |
Proceeds from Pekin and Pacific Aurora credit agreements | |||||||||
- | - | - | - | - | 0 | - | - | - | - |
Proceeds from parent notes | |||||||||
- | - | 13,530 | 53,350 | 0 | 0 | - | 0 | 3,000 | - |
Payments on plant borrowings | |||||||||
8,000 | 16,500 | 59,927 | 172,073 | 13,833 | 39,792 | 17,115 | 0 | - | - |
Purchase of plant owners' debt | |||||||||
- | - | - | - | - | 17,038 | 27,088 | - | - | - |
Payments on senior notes | |||||||||
3,748 | 2,000 | - | - | - | 13,984 | 6,208 | 10,000 | - | - |
Principal payments on senior and convertible notes | |||||||||
- | - | - | - | - | - | - | - | 1,212 | - |
Debt issuance costs | |||||||||
- | - | - | - | - | - | - | -1,166 | - | - |
Payment on related party note | |||||||||
- | - | - | - | - | 750 | 0 | 0 | - | 13,250 |
Preferred stock dividends paid | |||||||||
946 | 1,265 | 1,265 | 1,269 | 1,265 | 3,459 | 1,265 | 1,268 | 0 | - |
Payments on capital leases | |||||||||
- | 772 | 626 | 7,089 | 5,059 | 4,916 | 1,640 | 0 | - | - |
Sale of noncontrolling interests | |||||||||
- | - | - | 30,000 | 0 | -6,000 | - | - | - | - |
Debt issuance costs | |||||||||
1,280 | - | 986 | 1,960 | 0 | 438 | 1,560 | - | - | 2,909 |
Net cash provided by (used in) financing activities | |||||||||
- | - | - | - | - | -18,140 | -10,289 | 31,791 | - | - |
Principal payments paid on related party borrowings | |||||||||
- | - | - | - | - | - | - | - | -500 | - |
Net cash provided by (used in) financing activities | |||||||||
19,014 | -9,274 | -839 | -9,922 | 23,795 | - | - | - | 15,610 | 41,536 |
Net increase (decrease) in cash and cash equivalents | |||||||||
-7,630 | -22,862 | -14,770 | 12,709 | -10,523 | 56,933 | -2,435 | -1,328 | 178 | -8,809 |
Supplemental Information: | |||||||||
Interest paid | |||||||||
18,763 | 15,147 | 11,133 | 11,168 | 11,685 | 6,596 | 7,515 | 8,828 | 11,669 | - |
Issuance of common stock for senior note amendment | |||||||||
3,817 | - | - | - | - | - | - | - | - | - |
Issuance of warrants for senior note amendment | |||||||||
979 | - | - | - | - | - | - | - | - | - |
Accrued preferred stock dividends | |||||||||
319 | - | - | - | - | - | - | - | - | - |
Interest paid | |||||||||
- | - | - | - | - | - | - | - | - | 9,771 |
Income tax refunds | |||||||||
- | 743 | 5,614 | 4,784 | 5,710 | -17,930 | 0 | 0 | - | - |
Noncash financing and investing activities: | |||||||||
Initial right of use assets and liabilities recorded under ASC 842 | |||||||||
43,753 | - | - | - | - | - | - | - | - | - |
Preferred stock dividends paid in common stock | |||||||||
- | - | - | - | - | 1,463 | 2,192 | 1,464 | - | - |
Accrued payment for ownership positions of PE Op Co. | |||||||||
- | - | - | - | 3,828 | 0 | 0 | - | - | - |
Preferred stock dividends accrued | |||||||||
- | - | - | - | - | - | - | - | - | 2,847 |
Preferred stock dividends paid in common stock | |||||||||
- | - | - | - | - | - | - | - | 0 | - |
Notes issued for purchase of 33% ownership in New PEHC | |||||||||
- | - | - | - | - | - | - | 10,000 | 0 | - |
Capital leases added to plant and equipment | |||||||||
- | - | 180 | - | 1,864 | 0 | 12,829 | 0 | - | - |
Original discount on senrior and convertible debt | |||||||||
- | - | - | - | - | - | 8,558 | 0 | - | - |
Purchase of sugar inventory with note | |||||||||
- | - | - | - | - | - | 5,000 | 0 | - | - |
Reclass of warrant liability to equity upon exercises | |||||||||
- | - | 178 | 179 | 72 | 41,486 | 260 | 113 | - | - |
Contribution of property and equipment for noncontrolling interest (see Note 2) | |||||||||
- | - | - | 16,500 | 0 | 0 | - | - | - | - |
Debt issued in ICP acquisition (see Note 2) | |||||||||
- | - | 46,927 | - | 0 | - | - | - | - | - |
Common stock issued in PE Central acquisition (see Note 2) | |||||||||
- | - | - | - | 174,573 | 0 | - | - | - | - |
Reclass of noncontrolling interest to APIC upon acquisitions of ownership interests in New PE Holdco | |||||||||
- | - | - | - | - | - | 11,940 | 7,646 | - | - |
Debt extinguished with issuance of common stock | |||||||||
- | - | - | - | - | - | 16,000 | 0 | - | 19,000 |
Common Stock issued in Aventine acquisition (see Note 2) | |||||||||
- | - | - | - | - | - | 0 | - | - | - |
Preferred stock dividends accrued | |||||||||
- | - | - | - | - | - | - | - | 1,265 | - |
Debt extinguished with issuance of common stock | |||||||||
- | - | - | - | - | - | - | - | 33,788 | - |
Reclass of warrant liability to equity upon cashless net exercise of warrants | |||||||||
- | - | - | - | - | - | - | - | 1,157 | - |