RENEWABLE ENERGY GROUP, INC. REGI Income Statement

Renewable energy group, inc. (REGI)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
REVENUES:
Revenues
2,636	2,639	2,141	2,153	2,171	2,380	2,590	2,619	2,497	2,153	2,431	2,225	2,169	2,039	1,005	980	947	954	984	973	934	922	1,267	1,284	1,297	1,207	1,090	1,012	943	1,006	1,014	925	837	752	575	388	0	0	0
Total biomass-based diesel revenue
-	-	-	-	-	-	-	-	-	-	-	2,136	2,159	-	1,866	1,637	1,454	1,387	1,336	1,326	1,285	1,273	1,326	1,400	1,452	1,498	1,339	1,203	1,090	1,014	1,049	983	907	823	620	409	0	0	0
Revenues
2,637	2,641	2,142	2,154	2,173	2,382	2,436	2,467	2,423	2,154	2,139	2,137	2,160	2,039	1,868	1,638	1,454	1,387	1,337	1,326	1,285	1,273	1,326	1,400	1,452	1,498	1,339	1,203	1,091	1,015	1,049	983	907	824	620	410	0	0	0
Services - related parties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Biomass-based dieselrelated parties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15	25	40	42	44	45	44	49	49	48	48	54	106	169	237	263	235	185	0	0	0
Total biomass-based diesel costs of good sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
COSTS OF GOODS SOLD:
1,987	2,111	2,096	2,081	2,015	1,962	2,057	2,124	2,107	2,070	1,994	1,959	1,988	1,867	1,672	1,485	1,310	1,276	1,221	1,192	1,152	1,113	1,232	1,271	1,288	1,258	1,137	1,056	963	956	965	846	771	696	520	360	0	0	0
GROSS PROFIT (LOSS)
650	530	46	73	157	419	378	342	316	84	145	177	171	171	196	153	144	110	115	133	132	160	94	129	164	239	202	147	127	58	84	136	136	127	99	50	0	0	0
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
120	118	106	102	100	106	101	106	104	95	98	93	91	88	84	81	76	73	75	70	67	62	50	49	47	45	42	39	39	42	43	44	41	34	30	25	0	0	0
RESEARCH AND DEVELOPMENT EXPENSE
-	-	0	1	-	-	-6	-3	-0	-	2	3	4	4	18	16	16	16	16	15	14	12	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset Impairment Charges
-	-	0	0	-	-	0	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
INCOME (LOSS) FROM OPERATIONS
517	399	-70	-29	57	312	237	193	164	-61	25	61	57	60	-81	-120	-124	-154	23	47	50	85	35	74	114	193	160	107	88	15	41	92	94	92	61	17	0	0	0
OTHER INCOME (EXPENSE), NET:
Change in fair value of contingent consideration
0	0	1	1	0	1	0	2	2	2	-0	-1	2	1	5	2	0	-	0	0	-	-6	-1	-0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of convertible debt conversion liability
-	-	-	-	-	-	-	-	-	-18	26	32	13	13	10	13	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (loss) on debt extinguishment
1	0	3	4	6	6	2	2	-0	0	0	2	0	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on involuntary conversion
-	-	0	0	-	4	8	9	9	5	2	5	6	9	8	4	3	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income (loss)
0	1	2	3	4	5	3	2	0	-0	0	0	0	0	-1	3	5	5	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of preferred stock conversion feature embedded derivatives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11	75	37	17	7	-53	-10	0	0	0
Change in fair value of Seneca Holdco liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-0	-2	-2	-4	-3	0	0	0
Change in fair value of interest rate swap
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Other income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	1	0	0	0	0
Interest expense
10	12	14	15	17	17	18	19	18	18	18	17	17	15	14	13	12	11	10	10	8	6	5	2	2	2	3	3	4	4	5	6	7	8	7	6	0	0	0
Impairment of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Total other income (expense), net
-8	-10	-9	-9	-6	-2	0	6	-29	-35	-41	-44	2	7	5	5	-3	-5	2	0	-1	0	-3	-1	-2	-2	-2	-3	-3	7	70	30	8	-1	-63	-19	0	0	0
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES
509	389	-80	-39	51	309	238	200	134	-96	-16	17	59	68	-76	-115	-127	-160	26	47	49	86	32	72	112	191	157	104	84	23	112	122	102	91	-2	-2	0	0	0
INCOME TAX BENEFIT (EXPENSE)
1	-0	1	2	6	5	-29	-30	-32	-30	6	5	4	4	-5	-5	-7	-8	13	13	2	3	-10	-52	-25	4	1	41	30	1	8	10	0	-	0	0	-	-	0
NET INCOME (LOSS) FROM CONTINUING OPERATIONS
507	389	-81	-42	44	303	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
LESS—NET INCOME FROM CONTINUING OPERATIONS ATTRIBUTABLE TO NONCONTROLLING INTEREST
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-0	-0	-0	-0	-0	-0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
DISCONTINUED OPERATIONS (NOTE 6):
Loss on operations of discontinued operations
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET LOSS ON DISCONTINUED OPERATIONS
-7	-9	-20	-19	-9	-11	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
0	-	0	-	0	-	0	-	-	-	-	-	-	-	-71	-110	-120	-151	13	33	46	82	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
INCOME FROM EQUITY INVESTMENTS
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-0	0	0	0
NET INCOME (LOSS) TO THE COMPANY
-	-	-	-61	-	-	-	219	151	-	-41	-7	35	44	-71	-110	-120	-151	13	33	46	82	43	125	137	186	156	63	54	22	110	114	99	88	-6	-5	0	0	0
LESS—EFFECT OF PARTICIPATING SHARE-BASED AWARDS ON CONTINUING OPERATIONS
10	8	0	1	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EFFECTS OF RECAPITALIZATION
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	39	0	0	0	-	-	-	-	-	-
PLUSGAIN ON REDEMPTION OF PREFERRED STOCK
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-
LESSEFFECT OF CHANGES TO PREFERRED STOCK
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
LESSACCRETION OF SERIES A PREFERRED STOCK TO REDEMPTION VALUE
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	15	21	25	23	22	0	0	0
PLUSCHANGE IN UNDISTRIBUTED DIVIDENDS ALLOCATED TO PREFERRED STOCKHOLDERS
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	4	7	11	12	12	12	0	0	0
LESSDISTRIBUTED DIVIDENDS TO PREFERRED STOCKHOLDERS
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	0	-	-	-	-	-	-	-
LESSEFFECT OF PARTICIPATING PREFERRED STOCK
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16	15	9	7	8	0	0	0	-	-	-	-	-	-
Effect Of Participating Share Based Awards
-	-	-	-	-	-	-	-	5	-	0	1	1	1	0	0	0	0	0	0	0	-	0	0	-	2	2	0	1	3	0	0	0	-	-	-	-	-	-
Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic
497	381	-82	-44	41	295	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
LESS—EFFECT OF PARTICIPATING SHARE-BASED AWARDS ON DISCONTINUED OPERATIONS
-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss) from Discontinued Operations Available to Common Shareholders, Basic
-7	-9	-20	-19	-9	-11	50	39	-0	-12	-104	-70	-28	-19	-72	-110	-120	-151	12	32	45	81	42	116	124	165	135	50	41	43	114	109	88	42	-43	-39	0	0	0
Basic net income (loss) per share available to common stockholders
Continuing operations (in dollars per share)
1.93	12.93	-0.35	-1.52	-1.11	0.94	0.67	0.76	5.48	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations (in dollars per share)
0.00	-0.02	-0.06	-0.12	-0.05	-0.33	-0.01	0.13	-0.09	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) per share (in dollars per share)
1.93	12.92	-0.41	-1.64	-1.16	0.64	0.65	0.88	5.39	-0.44	-0.29	-0.90	-0.41	-	0.59	0.18	-0.16	-2.17	-0.36	-0.05	-0.86	1.67	0.11	0.27	-0.05	0.80	2.32	0.63	1.25	-0.22	-0.24	0.39	1.60	4.65	-0.34	-0.78	-0.39	-0.51	-0.28
Diluted net income (loss) per share available to common stockholders
Earnings Per Share, Diluted [Abstract]
Continuing operations (in dollars per share)
1.72	11.99	-0.35	-1.52	-1.11	0.18	0.55	0.67	5.38	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations (in dollars per share)
0.00	-0.02	-0.06	-0.12	-0.05	-0.31	-0.01	0.11	-0.09	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings Per Share, Diluted
1.72	11.99	-0.41	-1.64	-1.16	-0.09	0.53	0.78	5.30	-0.44	-0.29	-0.90	-0.41	-	0.59	0.18	-0.16	-2.17	-0.36	-0.05	-0.86	1.67	0.11	0.27	-0.06	0.82	2.31	0.62	1.25	0.06	-0.24	0.39	0.06	4.65	-0.34	-0.78	-0.39	-0.51	-0.28
Weighted-average shares used to compute basic net income (loss) per share available to common stockholders:
Weighted Average Number of Shares Outstanding, Basic
38	38	38	37	37	37	37	37	38	38	38	38	38	38	38	42	43	43	43	43	44	42	42	39	38	36	33	31	30	30	29	28	25	-6	34	13	13	31	30
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)
43	55	38	37	37	47	45	42	39	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations (in shares)
0	38	38	37	37	32	37	42	38	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted Average Number of Shares Outstanding, Diluted
43	55	38	37	37	47	45	42	39	38	38	38	38	38	38	42	43	43	43	43	44	42	42	39	38	24	34	36	36	48	29	28	30	-6	34	13	13	31	30
Biomass-based diesel
Revenues
1,803	1,875	2,055	2,067	2,078	1,875	1,898	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	5	5	5	0	0	0
COSTS OF GOODS SOLD:
1,948	2,072	2,055	2,042	1,972	1,887	1,928	1,899	1,857	1,805	1,766	1,717	1,717	1,616	1,281	1,215	1,105	1,093	1,086	1,047	992	950	1,188	1,226	1,243	1,209	1,087	1,007	914	902	858	677	533	433	285	174	0	0	0
Separated RINs
Revenues
-	-	106	106	-	137	192	286	327	337	328	312	306	274	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cost of goods sold
-	-	47	45	-	75	132	227	250	264	225	239	270	250	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Biomass-based diesel government incentives
Revenues
734	666	1	2	2	367	367	367	377	28	119	218	305	346	483	384	294	245	222	222	220	220	58	116	155	290	248	191	147	8	35	55	66	65	38	0	0	-	0
Other
Revenues
1	1	1	1	1	2	-0	0	1	1	2	0	1	0	1	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
COSTS OF GOODS SOLD:
0	0	0	0	0	0	-3	-2	-1	0	2	2	1	0	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0