XML 54 R8.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities:      
Net income $ 159,504us-gaap_ProfitLoss $ 43,391us-gaap_ProfitLoss $ 11,763us-gaap_ProfitLoss
Adjustments to reconcile net income to net cash provided (used) by operating activities:      
Depreciation and amortization 60,362us-gaap_DepreciationDepletionAndAmortization 51,002us-gaap_DepreciationDepletionAndAmortization 52,828us-gaap_DepreciationDepletionAndAmortization
Amortization of debt issuance costs and debt discount 8,766us-gaap_AmortizationOfFinancingCosts 4,827us-gaap_AmortizationOfFinancingCosts 3,199us-gaap_AmortizationOfFinancingCosts
Gain on disposal of assets       (47,133)us-gaap_GainLossOnDispositionOfAssets
Gain on disposal of assets (4,658)gpre_GainOnInsuranceRecovery    
Deferred income taxes 23,537us-gaap_DeferredIncomeTaxExpenseBenefit 27,493us-gaap_DeferredIncomeTaxExpenseBenefit 10,704us-gaap_DeferredIncomeTaxExpenseBenefit
Stock-based compensation 3,440us-gaap_ShareBasedCompensation 3,928us-gaap_ShareBasedCompensation 4,291us-gaap_ShareBasedCompensation
Undistributed equity in loss of affiliates 4,129us-gaap_IncomeLossFromEquityMethodInvestments 2,507us-gaap_IncomeLossFromEquityMethodInvestments 2,398us-gaap_IncomeLossFromEquityMethodInvestments
Other 923us-gaap_OtherNoncashIncomeExpense 89us-gaap_OtherNoncashIncomeExpense (894)us-gaap_OtherNoncashIncomeExpense
Changes in operating assets and liabilities before effects of business combinations and dispositions:      
Accounts receivable (28,145)us-gaap_IncreaseDecreaseInAccountsReceivable (25,448)us-gaap_IncreaseDecreaseInAccountsReceivable 7,538us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories (90,910)us-gaap_IncreaseDecreaseInInventories 22,759us-gaap_IncreaseDecreaseInInventories (63,739)us-gaap_IncreaseDecreaseInInventories
Derivative financial instruments 14,184us-gaap_IncreaseDecreaseInDerivativeAssets (44,746)us-gaap_IncreaseDecreaseInDerivativeAssets 2,594us-gaap_IncreaseDecreaseInDerivativeAssets
Prepaid expenses and other assets (5,391)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (445)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (671)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable and accrued liabilities 73,023us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 22,061us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 13,074us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Income taxes payable 4,417us-gaap_IncreaseDecreaseInOtherAccountsPayable (1,497)us-gaap_IncreaseDecreaseInOtherAccountsPayable 1,971us-gaap_IncreaseDecreaseInOtherAccountsPayable
Unearned revenues (417)us-gaap_IncreaseDecreaseInDeferredRevenue 182us-gaap_IncreaseDecreaseInDeferredRevenue (10,295)us-gaap_IncreaseDecreaseInDeferredRevenue
Other (1,214)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet 1,233us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet (1,352)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet
Net cash provided (used) by operating activities 221,550us-gaap_NetCashProvidedByUsedInOperatingActivities 107,336us-gaap_NetCashProvidedByUsedInOperatingActivities (13,724)us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:      
Purchases of property and equipment (59,547)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (19,764)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (26,776)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Acquisition of businesses, net of cash acquired (23,900)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (123,301)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (1,490)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Proceeds on disposal of assets, net 9,258us-gaap_ProceedsFromSaleOfProductiveAssets 245us-gaap_ProceedsFromSaleOfProductiveAssets 117,711us-gaap_ProceedsFromSaleOfProductiveAssets
Investments in unconsolidated subsidiaries 4,406us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates 4,764us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates 7,998us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates
Net cash provided (used) by investing activities (78,595)us-gaap_NetCashProvidedByUsedInInvestingActivities (147,584)us-gaap_NetCashProvidedByUsedInInvestingActivities 81,447us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:      
Proceeds from the issuance of long-term debt 542,692us-gaap_ProceedsFromIssuanceOfLongTermDebt 343,799us-gaap_ProceedsFromIssuanceOfLongTermDebt 73,100us-gaap_ProceedsFromIssuanceOfLongTermDebt
Payments of principal on long-term debt (557,850)us-gaap_RepaymentsOfLongTermDebt (303,495)us-gaap_RepaymentsOfLongTermDebt (120,153)us-gaap_RepaymentsOfLongTermDebt
Proceeds from short-term borrowings 3,708,896us-gaap_ProceedsFromShortTermDebt 3,348,510us-gaap_ProceedsFromShortTermDebt 3,324,523us-gaap_ProceedsFromShortTermDebt
Payments on short-term borrowings (3,670,529)us-gaap_RepaymentsOfShortTermDebt (3,321,556)us-gaap_RepaymentsOfShortTermDebt (3,249,371)us-gaap_RepaymentsOfShortTermDebt
Payments for repurchase of common stock     (10,445)us-gaap_PaymentsForRepurchaseOfCommonStock
Change in restricted cash (547)gpre_IncreasesDecreasesInRestrictedCash (1,298)gpre_IncreasesDecreasesInRestrictedCash (6,196)gpre_IncreasesDecreasesInRestrictedCash
Payment of cash dividends (8,908)us-gaap_PaymentsOfDividendsCommonStock (2,426)us-gaap_PaymentsOfDividendsCommonStock  
Payments of loan fees (7,630)us-gaap_PaymentsOfLoanCosts (10,046)us-gaap_PaymentsOfLoanCosts (332)us-gaap_PaymentsOfLoanCosts
Proceeds from the exercise of stock options and warrants 4,404gpre_ProceedsFromExerciseOfStockOptionsAndWarrants 4,498gpre_ProceedsFromExerciseOfStockOptionsAndWarrants 452gpre_ProceedsFromExerciseOfStockOptionsAndWarrants
Net cash provided (used) by financing activities 10,528us-gaap_NetCashProvidedByUsedInFinancingActivities 57,986us-gaap_NetCashProvidedByUsedInFinancingActivities 11,578us-gaap_NetCashProvidedByUsedInFinancingActivities
Net change in cash and cash equivalents 153,483us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 17,738us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 79,301us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of period 272,027us-gaap_CashAndCashEquivalentsAtCarryingValue 254,289us-gaap_CashAndCashEquivalentsAtCarryingValue 174,988us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of period 425,510us-gaap_CashAndCashEquivalentsAtCarryingValue 272,027us-gaap_CashAndCashEquivalentsAtCarryingValue 254,289us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosures of cash flow:      
Cash paid for income taxes 61,817us-gaap_IncomeTaxesPaidNet 2,667us-gaap_IncomeTaxesPaidNet 737us-gaap_IncomeTaxesPaidNet
Cash paid for interest 38,244us-gaap_InterestPaid 30,633us-gaap_InterestPaid 33,276us-gaap_InterestPaid
Supplemental noncash investing and financing activities:      
Assets acquired in acquisitions and mergers 25,611us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets 136,934us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets 1,590us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
Less: liabilities assumed (1,711)us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities (13,633)us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities (100)us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
Purchase Price 23,900us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet 123,301us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet 1,490us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
Assets disposed of in sale     191,167gpre_AssetsDisposedOfInSale
Less: liabilities disposed     (120,589)gpre_LiabilitiesDisposedOfInSale
Net assets disposed     70,578gpre_AssetsDisposedNet
Value of common stock issued for conversion of 5.75% notes 89,950us-gaap_DebtConversionConvertedInstrumentAmount1    
Short-term note payable issued to repurchase common stock     $ 27,162gpre_ShortTermNotePayableIssuedForRepurchaseOfCommonStock