8-K/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K/A

(Amendment No. 1)

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)

February 8, 2017

Green Plains Inc.

(Exact name of registrant as specified in its charter)

Iowa	001-32924	84-1652107
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

1811 Aksarben Drive

Omaha, Nebraska

(Address of principal executive offices)

68106

(Zip code)

(402) 884-8700

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Conditions.

This Amendment No. 1 is being filed to replace the segment operations table furnished with the Current Report on Form 8-K (File No. 001-32924) filed by Green Plains Inc. (“Green Plains”) on February 8, 2017 (“Initial 8-K”). Green Plains furnished a press release announcing its financial and operating results for the quarter and year ended December 31, 2016 as Exhibit 99.1 to the Initial 8-K. The revised segment operations table corrects certain revenue information for the ethanol production and agribusiness and energy services segments. Consolidated amounts were not affected. The revised segment operations table is furnished as Exhibit 99.1 and incorporated herein by reference.    

In addition, 2016 quarterly revenues, gross margins and operating income by segment are furnished as Exhibit 99.2 and are incorporated herein by reference.

The information in this current report on Form 8-K/A, including Exhibit 99.1 and Exhibit 99.2, is “furnished,” not “filed,” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and is not subject to liability of that section nor deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, before or after this date and regardless of any general incorporation language in the filing, unless explicitly incorporated by reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits. The following exhibits are furnished as part of this report.

Exhibit	Description
99.1	Revised segment operations table to Green Plains’ press release dated February 8, 2017.
99.2	Segment operations table by quarter for the year ended December 31, 2016.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Green Plains Inc.
Date: February 22, 2017	By:	/s/ Jerry L. Peters
		Jerry L. Peters Chief Financial Officer (Principal Financial Officer)

EX-99.1

Exhibit 99.1

GREEN PLAINS INC.

SEGMENT OPERATIONS

(unaudited, in thousands)

	Three Months Ended December 31,									Twelve Months Ended December 31,
	2016			2015			% Var.			2016			2015			% Var.
Revenues:
Ethanol production	$	698,618		$	532,424			31.2	%	$	2,409,102		$	2,063,172			16.8	%
Agribusiness and energy services		153,528			161,537			(5.0	)		709,907			698,833			1.6
Food and food ingredients		87,257			50,897			71.4			318,181			219,385			45.0
Partnership		28,285			22,686			24.7			103,772			50,937			103.7
Intersegment eliminations		(35,590	)		(27,630	)		28.8			(130,081	)		(66,738	)		94.9
		932,098			739,914			26.0			3,410,881			2,965,589			15.0
Gross margin:
Ethanol production		67,353			17,392			287.3			128,196			123,348			3.9
Agribusiness and energy services		21,125			18,232			15.9			59,369			59,363			—
Food and food ingredients		11,948			653			*			23,785			2,724			*
Partnership		28,285			22,686			24.7			103,772			50,937			103.7
Intersegment eliminations		402			(38	)		*			(320	)		(150	)		113.3
		129,113			58,925			119.1			314,802			236,222			33.3
Operating income (loss):
Ethanol production		35,798			(3,398	)		*			28,125			43,266			(35.0	)
Agribusiness and energy services		13,295			12,142			9.5			34,039			37,253			(8.6	)
Food and food ingredients		6,842			(470	)		*			16,436			(952	)		*
Partnership		17,945			12,185			47.3			60,903			12,990			368.8
Intersegment eliminations		442			—			*			(170	)		—			*
Segment operating income		74,322			20,459			263.3			139,333			92,557			50.5
Corporate activities		(18,252	)		(7,721	)		136.4			(47,645	)		(31,480	)		51.4
	$	56,070		$	12,738			340.2	%	$	91,688		$	61,077			50.1	%

* Percentage variance not considered meaningful.

EX-99.2

Exhibit 99.2

GREEN PLAINS INC.

SEGMENT OPERATIONS BY QUARTER

(unaudited, in thousands)

	Three Months Ended												Full Year
	Mar. 31			June 30			Sept. 30			Dec. 31			2016
Revenues:
Ethanol production	$	528,328		$	595,168		$	586,988		$	698,618		$	2,409,102
Agribusiness and energy services		167,553			211,747			177,079			153,528			709,907
Food and food ingredients		58,748			87,484			84,692			87,257			318,181
Partnership		23,789			25,493			26,205			28,285			103,772
Intersegment eliminations		(29,214	)		(32,165	)		(33,112	)		(35,590	)		(130,081	)
		749,204			887,727			841,852			932,098			3,410,881
Gross margin:
Ethanol production		(6,170	)		29,730			37,283			67,353			128,196
Agribusiness and energy services		8,138			16,670			13,436			21,125			59,369
Food and food ingredients		(506	)		6,443			5,900			11,948			23,785
Partnership		23,789			25,493			26,205			28,285			103,772
Intersegment eliminations		(734	)		(133	)		145			402			(320	)
		24,517			78,203			82,969			129,113			314,802
Operating income (loss):
Ethanol production		(29,565	)		7,558			14,334			35,798			28,125
Agribusiness and energy services		3,737			9,766			7,241			13,295			34,039
Food and food ingredients		(1,363	)		5,758			5,199			6,842			16,436
Partnership		13,071			14,803			15,084			17,945			60,903
Intersegment eliminations		(698	)		(95	)		181			442			(170	)
Segment operating income		(14,818	)		37,790			42,039			74,322			139,333
Corporate activities		(7,828	)		(10,381	)		(11,184	)		(18,252	)		(47,645	)
	$	(22,646	)	$	27,409		$	30,855		$	56,070		$	91,688