Segment Information

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Segment Information

Segment Information

As of the third quarter of 2021, the Company’s operations include three reportable business segments that are distinguished primarily on the basis of products and services offered as well as the structure of management. The Trade business includes commodity merchandising and the operation of terminal grain elevator facilities. The Ethanol business produces ethanol and co-products through its five co-owned and fully consolidated ethanol production facilities as well as purchases and sells ethanol and ethanol co-products. The Plant Nutrient business manufactures and distributes agricultural inputs, primarily fertilizer, to dealers and farmers, along with turf care and corncob-based products. The Other category includes other corporate level costs not attributable to an operating segment and intercompany eliminations between the segments. See Note 14 for details of the divestiture of the Rail segment.

The segment information below includes the allocation of expenses shared by one or more operating segments. Although management believes such allocations are reasonable, the operating information does not necessarily reflect how such data might appear if the segments were operated as separate businesses. The Company does not have any customers who represent 10 percent or more of total revenues from external customers.

	Three months ended September 30,				Nine months ended September 30,
(in thousands)	2021		2020		2021		2020
Revenues from external customers
Trade	$	2,242,131	$	1,432,922	$	6,522,508	$	4,162,130
Ethanol	614,637		349,957		1,674,123		886,742
Plant Nutrient	142,056		102,707		632,717		507,445
Total	$	2,998,824	$	1,885,586	$	8,829,348	$	5,556,317

	Three months ended September 30,				Nine months ended September 30,
(in thousands)	2021		2020		2021		2020
Income (loss) before income taxes attributable to the Company from continuing operations
Trade	$	41,999	$	5,941	$	69,631	$	(3,650)
Ethanol	(3,636)		1,148		22,821		(21,960)
Plant Nutrient	(5,832)		(5,387)		26,686		12,828
Other	(14,612)		(7,335)		(34,182)		(17,351)
Income (loss) before income taxes attributable to the Company from continuing operations	17,919		(5,633)		84,956		(30,133)
Income (loss) attributable to noncontrolling interests	(1,602)		3,273		(822)		(20,583)
Income (loss) before income taxes from continuing operations	$	16,317	$	(2,360)	$	84,134	$	(50,716)