Segment Information (Tables)

12 Months Ended

Dec. 31, 2020

Segment Information [Abstract]

Summary Of Financial Data

	Year Ended December 31,
	2020		2019		2018
Revenues:
Ethanol production:
Revenues from external customers	$	1,502,481	$	1,700,615	$	2,120,475
Intersegment revenues		100		100		186
Total segment revenues		1,502,581		1,700,715		2,120,661
Agribusiness and energy services:
Revenues from external customers		416,403		708,316		735,855
Intersegment revenues		27,468		27,184		33,101
Total segment revenues		443,871		735,500		768,956
Food and ingredients:
Revenues from external customers		-		1,451		121,121
Intersegment revenues		-		-		-
Total segment revenues		-		1,451		121,121
Partnership:
Revenues from external customers		4,835		6,856		6,481
Intersegment revenues		78,510		75,531		94,267
Total segment revenues		83,345		82,387		100,748
Revenues including intersegment activity		2,029,797		2,520,053		3,111,486
Intersegment eliminations		(106,078)		(102,815)		(127,554)
Revenues as reported	$	1,923,719	$	2,417,238	$	2,983,932

Refer to Note 4 – Revenue, for further disaggregation of revenue by operating segment.

	Year Ended December 31,
	2020		2019		2018
Cost of goods sold:
Ethanol production	$	1,507,335	$	1,791,099	$	2,118,787
Agribusiness and energy services		409,407		696,226		717,772
Food and ingredients		-		1,526		94,679
Partnership		-		-		-
Intersegment eliminations		(104,579)		(103,904)		(124,270)
	$	1,812,163	$	2,384,947	$	2,806,968

	Year Ended December 31,
	2020		2019		2018
Operating income (loss):
Ethanol production (1)	$	(129,618)	$	(178,575)	$	(111,823)
Agribusiness and energy services		15,773		22,777		29,076
Food and ingredients		-		(76)		14,354
Partnership		50,437		50,635		64,770
Intersegment eliminations		(1,400)		1,188		(3,110)
Corporate activities (2)		(57,888)		(38,519)		96,687
	$	(122,696)	$	(142,570)	$	89,954

(1)Operating loss for the ethanol production segment for fiscal year 2020 includes a goodwill impairment charge of $24.1 million and $3.9 million pretax loss on sale of assets from the sale of the Hereford, Texas ethanol plant.

(2)Corporate activities for fiscal year 2020 include a goodwill impairment charge of $24.1 million, $18.5 million pretax loss on sale of assets from the sale of the Hereford, Texas ethanol plant and a $1.5 million net gain from sale of GPCC. Fiscal year 2018 includes a $150.4 million gain on the sale of the Bluffton, Indiana, Lakota, Iowa, and Riga, Michigan ethanol plants, as well as Fleischmann’s Vinegar during the fourth quarter.

	Year Ended December 31,
	2020		2019		2018
Depreciation and amortization:
Ethanol production	$	67,956	$	63,073	$	80,227
Agribusiness and energy services		2,512		2,222		2,470
Food and ingredients		-		-		7,553
Partnership		3,806		3,441		4,442
Corporate activities		3,970		3,391		3,566
	$	78,244	$	72,127	$	98,258

	Year Ended December 31,
	2020		2019		2018
Capital expenditures:
Ethanol production	$	109,970	$	72,374	$	27,322
Agribusiness and energy services		1,195		2,251		277
Food and ingredients		-		-		9,025
Partnership		162		305		1,268
Corporate activities		472		1,542		451
	$	111,799	$	76,472	$	38,343

Summary Of Total Assets For Operating Segments

	Year Ended December 31,
	2020		2019
Total assets (1):
Ethanol production	$	852,959	$	884,293
Agribusiness and energy services		426,724		410,400
Partnership		91,205		90,011
Corporate assets		228,074		324,280
Intersegment eliminations		(20,045)		(10,766)
	$	1,578,917	$	1,698,218

(1)Asset balances by segment exclude intercompany payable and receivable balances.