RENEWABLE ENERGY GROUP, INC. REGI Income Statement

Renewable energy group, inc. (REGI)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
REVENUES:
Revenues
2,639,753	2,380,701	2,153,537	2,039,067	954,742	922,602	1,207,618	1,006,465	752,826	203,641	91,870
Total biomass-based diesel revenue
-	-	-	-	1,387,149	1,273,406	1,498,011	1,014,797	823,809	215,142	128,492
Revenues
2,641,393	2,382,987	2,154,655	2,039,232	1,387,344	1,273,831	1,498,138	1,015,034	824,031	216,455	131,501
Services - related parties
-	-	-	-	-	-	-	-	-	-	1,121
Biomass-based dieselrelated parties
-	-	-	-	-	42,622	49,358	54,364	263,562	112,891	53,379
COSTS OF GOODS SOLD:
2,111,324	1,962,996	2,070,301	1,867,847	1,276,801	1,113,219	1,258,705	956,711	696,820	194,823	128,550
GROSS PROFIT (LOSS)
530,069	419,991	84,354	171,385	110,543	160,612	239,433	58,323	127,211	21,632	2,951
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
118,209	106,739	95,843	88,285	73,397	62,681	45,865	42,408	34,479	22,187	25,565
RESEARCH AND DEVELOPMENT EXPENSE
-	-	-	4,890	16,851	12,424	258	14	-	-	-
GAIN ON SALE OF ASSETS-related party
-	-	-	-	-	-	-	-	-	-	2,254
Asset Impairment Charges
12,208	879	49,873	17,893	0	0	-	-	-	7,494	833
IMPAIRMENT OF GOODWILL
-	-	-	-	175,028	0	0	-	-	-	-
INCOME (LOSS) FROM OPERATIONS
399,652	312,373	-61,362	60,317	-154,733	85,507	193,310	15,901	92,732	-8,049	-21,193
OTHER INCOME (EXPENSE), NET:
Change in fair value of contingent consideration
566	1,117	2,151	1,919	-359	-6,631	0	0	-	-	-
Change in fair value of convertible debt conversion liability
0	0	-18,833	13,045	0	0	-	-	-	-	-
Gain (loss) on debt extinguishment
488	6,297	0	2,331	0	0	-	-	-	-	-
Gain on involuntary conversion
0	4,457	5,329	9,894	0	0	-	-	-	-	-
Other income (loss)
1,763	5,023	-997	428	5,830	662	-	-	-	-	-
Change in fair value of preferred stock conversion feature embedded derivatives
-	-	-	-	-	-	-	11,975	7,939	-8,208	-2,339
Change in fair value of Seneca Holdco liability
-	-	-	-	-	-	-	-	-2,097	-4,179	-
Change in fair value of interest rate swap
-	-	-	-	-	-	-	-	-	-	382
Other income
-	-	-	-	-	-	388	516	930	1,625	3,207
Interest expense
12,176	17,534	18,755	15,987	11,867	6,690	2,397	4,679	8,095	4,940	2,414
Impairment of investments
-	-	-	-	-	-	-	-	-	400	200
Total other income (expense), net
-10,491	-2,874	-35,407	7,792	-5,678	603	-2,009	7,812	-1,323	-16,102	-1,364
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES
389,161	309,499	-96,769	68,109	-160,411	86,110	191,301	23,713	91,409	-24,151	-22,557
INCOME TAX BENEFIT (EXPENSE)
-570	5,871	-30,490	4,268	-8,701	3,572	4,935	1,454	2,982	-3,252	45,212
NET INCOME (LOSS) FROM CONTINUING OPERATIONS
389,731	303,628	-66,279	63,841	-	-	-	-	-	-	-
LESS—NET INCOME FROM CONTINUING OPERATIONS ATTRIBUTABLE TO NONCONTROLLING INTEREST
-	-	-	386	-318	-73	0	0	-	-	-
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent
-	-	-	63,455	-	-	-	-	-	-	-
DISCONTINUED OPERATIONS (NOTE 6):
Loss on operations of discontinued operations
-9,667	-86	-12,800	-19,128	-	-	-	-	-	-	-
Impairment loss on assets classified as held for sale
0	11,226	0	0	-	-	-	-	-	-	-
Income tax expense
-	-	-	0	-	-	-	-	-	-	-
NET LOSS ON DISCONTINUED OPERATIONS
-9,667	-11,312	-12,800	-19,128	-	-	-	-	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
380,064	292,316	-79,079	-	-151,710	82,538	186,366	22,259	-	-	-
INCOME FROM EQUITY INVESTMENTS
-	-	-	-	-	-	-	-	442	-689	-1,089
NET INCOME (LOSS) TO THE COMPANY
-	-	-	44,327	-151,392	82,611	186,366	22,259	88,869	-21,588	-68,858
LESS—EFFECT OF PARTICIPATING SHARE-BASED AWARDS ON CONTINUING OPERATIONS
8,619	7,824	0	-	-	-	-	-	-	-	-
LESS-NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTEREST
-	-	-	-	-	-	-	-	-	-	-7,953
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY
-	-	-	-	-	-	-	-	-	-	-60,905
EFFECTS OF RECAPITALIZATION
-	-	-	-	-	-	-	39,107	0	8,521	-
PLUSGAIN ON REDEMPTION OF PREFERRED STOCK
-	-	-	-	-	378	0	0	-	-	-
LESSEFFECT OF CHANGES TO PREFERRED STOCK
-	-	-	-	-	40	2,055	5,787	-	-	-
LESSACCRETION OF SERIES A PREFERRED STOCK TO REDEMPTION VALUE
-	-	-	-	-	-	-	-	25,343	27,239	44,181
PLUSCHANGE IN UNDISTRIBUTED DIVIDENDS ALLOCATED TO PREFERRED STOCKHOLDERS
-	-	-	-	-	-	-	-	12,723	10,027	14,036
LESSDISTRIBUTED DIVIDENDS TO PREFERRED STOCKHOLDERS
-	-	-	-	-	-	-	-	0	-	-
LESSEFFECT OF PARTICIPATING PREFERRED STOCK
-	-	-	-	-	91	16,272	8,952	4,186	-	-
Effect Of Participating Share Based Awards
-	-	-	1,251	0	1,238	2,785	3,145	3,864	-	-
Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic
381,112	295,804	-66,279	62,204	-	-	-	-	-	-	-
Net Income (Loss) from Discontinued Operations Available to Common Shareholders, Basic
-9,667	-11,312	-12,800	-19,128	-151,392	81,620	165,254	43,482	42,753	-50,333	-119,122
Basic net income (loss) per share available to common stockholders
Continuing operations (in dollars per share)
9.95	7.85	-1.71	1.52	-	-	-	-	-	-	-
Discontinued operations (in dollars per share)
-0.25	-0.30	-0.33	-0.47	-	-	-	-	-	-	-
Net income (loss) per share (in dollars per share)
9.71	7.56	-2.04	-	-3.44	2.00	5.00	1.53	3.14	-4.28	-15.35
Diluted net income (loss) per share available to common stockholders
Earnings Per Share, Diluted [Abstract]
Continuing operations (in dollars per share)
9.01	6.78	-1.71	1.52	-	-	-	-	-	-	-
Discontinued operations (in dollars per share)
-0.25	-0.30	-0.33	-0.47	-	-	-	-	-	-	-
Earnings Per Share, Diluted
8.78	6.52	-2.04	-	-3.44	1.99	5.00	0.27	3.14	-4.28	-15.35
Weighted-average shares used to compute basic net income (loss) per share available to common stockholders:
Weighted Average Number of Shares Outstanding, Basic
38,288	37,687	38,731	40,897	43,958	40,740	33,045	28,381	13,607	11,770	7,762
Weighted-average shares used to compute diluted net income (loss) per share available to common stockholders:
Weighted-average shares used to compute diluted net income (loss) per share available to common stockholders:
Continuing operations (in shares)
42,320	43,653	38,731	-	-	-	-	-	-	-	-
Basic (in shares)
-	-	-	40,897	-	-	-	-	-	-	-
Discontinued operations (in shares)
38,288	37,687	38,731	40,897	-	-	-	-	-	-	-
Weighted Average Number of Shares Outstanding, Diluted
42,320	43,653	38,731	40,902	43,958	40,749	33,052	34,340	13,607	11,770	7,762
Biomass-based diesel
Revenues
1,875,076	1,875,316	1,787,308	1,417,595	-	-	-	6	5,161	4,261	17,157
COSTS OF GOODS SOLD:
2,072,139	1,887,292	1,805,408	1,616,989	1,093,979	950,642	1,209,191	902,084	433,060	81,125	73,994
Separated RINs
Revenues
98,285	137,895	337,501	274,800	186,539	130,170	-	-	-	-	-
Total cost of goods sold
39,174	75,704	264,765	250,809	182,688	119,788	-	-	-	-	-
Biomass-based diesel government incentives
Revenues
666,392	367,490	28,728	346,672	245,868	220,634	290,393	8,326	65,822	7,240	19,465
Other
Revenues
1,640	2,286	1,118	165	195	425	127	237	222	1,313	1,888
COSTS OF GOODS SOLD:
11	0	128	49	134	167	156	263	198	807	1,177