Disaggregation of Revenue |
The following table depicts the disaggregation of revenue according to product line and segment: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Reportable Segments | Three months ended September 30, 2021 | Bio-based Diesel | | Services | | | | Corporate and other | | Intersegment Revenues | | Consolidated Total | Bio-based diesel sales | $ | 677,506 | | | $ | — | | | | | $ | — | | | $ | (1,278) | | | $ | 676,228 | | Petroleum diesel sales | — | | | — | | | | | 33,582 | | | — | | | 33,582 | | LCFS credit sales | 27,921 | | | — | | | | | — | | | — | | | 27,921 | | Separated RIN sales | 142,402 | | | — | | | | | — | | | — | | | 142,402 | | Co-product sales | 25,519 | | | — | | | | | — | | | — | | | 25,519 | | Raw material sales | 3,496 | | | — | | | | | — | | | — | | | 3,496 | | Other bio-based diesel revenue | 9,903 | | | — | | | | | — | | | — | | | 9,903 | | Other revenues | — | | | 99,442 | | | | | — | | | (99,438) | | | 4 | | Total revenues from contracts with customers | $ | 886,747 | | | $ | 99,442 | | | | | $ | 33,582 | | | $ | (100,716) | | | $ | 919,055 | | Bio-based diesel government incentives | 87,287 | | | — | | | | | — | | | — | | | 87,287 | | Total revenues | $ | 974,034 | | | $ | 99,442 | | | | | $ | 33,582 | | | $ | (100,716) | | | $ | 1,006,342 | | | | | | | | | | | | | | Three months ended September 30, 2020 | Bio-based Diesel | | Services | | | | Corporate and other | | Intersegment Revenues | | Consolidated Total | Bio-based diesel sales, net of BTC-related amount due to customers of $(19) | $ | 387,239 | | | $ | — | | | | | $ | — | | | $ | (3,490) | | | $ | 383,749 | | Petroleum diesel sales | — | | | — | | | | | 19,801 | | | — | | | 19,801 | | LCFS credit sales | 32,636 | | | — | | | | | — | | | — | | | 32,636 | | Separated RIN sales | 27,492 | | | — | | | | | — | | | — | | | 27,492 | | Co-product sales | 11,732 | | | — | | | | | — | | | — | | | 11,732 | | Raw material sales | 6,476 | | | — | | | | | — | | | — | | | 6,476 | | Other bio-based diesel revenue | 10,883 | | | — | | | | | — | | | — | | | 10,883 | | Other revenues | — | | | 21,483 | | | | | — | | | (21,378) | | | 105 | | Total revenues from contracts with customers | $ | 476,458 | | | $ | 21,483 | | | | | $ | 19,801 | | | $ | (24,868) | | | $ | 492,874 | | Bio-based diesel government incentives | 79,484 | | | — | | | | | — | | | — | | | 79,484 | | Total revenues | $ | 555,942 | | | $ | 21,483 | | | | | $ | 19,801 | | | $ | (24,868) | | | $ | 572,358 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Reportable Segments | Nine months ended September 30, 2021 | Bio-based Diesel | | Services | | | | Corporate and other | | Intersegment Revenues | | Consolidated Total | Bio-based diesel sales | $ | 1,600,395 | | | $ | — | | | | | $ | — | | | $ | (3,695) | | | $ | 1,596,700 | | Petroleum diesel sales | — | | | — | | | | | 107,769 | | | — | | | 107,769 | | | | | | | | | | | | | | Separated RIN sales | 239,391 | | | — | | | | | — | | | — | | | 239,391 | | LCFS credit sales | 105,382 | | | — | | | | | — | | | — | | | 105,382 | | Co-product sales | 54,735 | | | — | | | | | — | | | — | | | 54,735 | | Raw material sales | 8,581 | | | — | | | | | — | | | — | | | 8,581 | | Other bio-based diesel revenue | 27,380 | | | — | | | | | — | | | — | | | 27,380 | | Other revenues | — | | | 136,202 | | | | | — | | | (136,144) | | | 58 | | Total revenues from contracts with customers | $ | 2,035,864 | | | $ | 136,202 | | | | | $ | 107,769 | | | $ | (139,839) | | | $ | 2,139,996 | | Bio-based diesel government incentives | 222,309 | | | — | | | | | — | | | — | | | 222,309 | | Total revenues | $ | 2,258,173 | | | $ | 136,202 | | | | | $ | 107,769 | | | $ | (139,839) | | | $ | 2,362,305 | | | | | | | | | | | | | | Nine months ended September 30, 2020 | Bio-based Diesel | | Services | | | | Corporate and other | | Intersegment Revenues | | Consolidated Total | Bio-based diesel sales, net of BTC-related amount due to customers of $1,085 | $ | 1,009,723 | | | $ | — | | | | | $ | — | | | $ | (6,593) | | | $ | 1,003,130 | | Petroleum diesel sales | — | | | — | | | | | 86,633 | | | — | | | 86,633 | | | | | | | | | | | | | | Separated RIN sales | 70,004 | | | — | | | | | — | | | — | | | 70,004 | | LCFS credit sales | 97,379 | | | — | | | | | — | | | — | | | 97,379 | | Co-product sales | 36,684 | | | — | | | | | — | | | — | | | 36,684 | | Raw material sales | 25,122 | | | — | | | | | — | | | — | | | 25,122 | | Other bio-based diesel revenue | 31,544 | | | — | | | | | — | | | — | | | 31,544 | | Other revenues | — | | | 67,502 | | | | | — | | | (66,784) | | | 718 | | Total revenues from contracts with customers | $ | 1,270,456 | | | $ | 67,502 | | | | | $ | 86,633 | | | $ | (73,377) | | | $ | 1,351,214 | | Bio-based diesel government incentives | 238,006 | | | — | | | | | — | | | — | | | 238,006 | | Total revenues | $ | 1,508,462 | | | $ | 67,502 | | | | | $ | 86,633 | | | $ | (73,377) | | | $ | 1,589,220 | |
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Contract Balances |
The following table provides information about receivables and contract liabilities from contracts with customers: | | | | | | | | | | | | | September 30, 2021 | | December 31, 2020 | Trade accounts receivable from customers | $ | 147,944 | | | $ | 74,774 | | Short-term contract liabilities (deferred revenue) | $ | (250) | | | $ | (946) | | Short-term contract liabilities (accounts payable) | $ | (699) | | | $ | (914) | |
Significant changes to the contract liabilities during the three and nine months ended September 30, 2021 and 2020 are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | July 1, 2021 | | Cash receipts (Payments) | | Less: Impact on Revenue | | Other | | September 30, 2021 | Deferred revenue | $ | 1,117 | | | $ | 2,706 | | | $ | 3,573 | | | $ | — | | | $ | 250 | | Payables to customers related to BTC | 699 | | | — | | | — | | | — | | | 699 | | | $ | 1,816 | | | $ | 2,706 | | | $ | 3,573 | | | $ | — | | | $ | 949 | | | | | | | | | | | | | July 1, 2020 | | Cash receipts (Payments) | | Less: Impact on Revenue | | Other | | September 30, 2020 | Deferred revenue | $ | 2 | | | $ | 4,371 | | | $ | 4,366 | | | $ | — | | | $ | 7 | | Payables to customers related to BTC | 75,330 | | | (31,818) | | | — | | | — | | | 43,512 | | | $ | 75,332 | | | $ | (27,447) | | | $ | 4,366 | | | $ | — | | | $ | 43,519 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | January 1, 2021 | | Cash receipts (Payments) | | Less: Impact on Revenue | | Other | | September 30, 2021 | Deferred revenue | $ | 946 | | | $ | 20,633 | | | $ | 21,329 | | | $ | — | | | $ | 250 | | Payables to customers related to BTC | 914 | | | (215) | | | — | | | — | | | 699 | | | $ | 1,860 | | | $ | 20,418 | | | $ | 21,329 | | | $ | — | | | $ | 949 | | | | | | | | | | | | | January 1, 2020 | | Cash receipts (Payments) | | Less: Impact on Revenue | | Other | | September 30, 2020 | Deferred revenue | $ | 631 | | | $ | 18,107 | | | $ | 18,731 | | | $ | — | | | $ | 7 | | Payables to customers related to BTC | 255,193 | | | (214,637) | | | — | | | 2,956 | | | 43,512 | | | $ | 255,824 | | | $ | (196,530) | | | $ | 18,731 | | | $ | 2,956 | | | $ | 43,519 | | | | | | | | | | | |
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