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Revenue (Tables)
6 Months Ended
Jun. 30, 2018
Revenue [Abstract]  
Disaggregatation Of Revenue By Major Source

The following table disaggregates revenue by major source for the three and six months ended June 30, 2018 (in thousands):



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



Three Months Ended June 30, 2018



Ethanol Production

 

Agribusiness & Energy Services

 

Food & Ingredients

 

Partnership

 

Eliminations

 

Total

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from contracts with customers under ASC Topic 606:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Ethanol

$

634 

 

$

 -

 

$

 -

 

$

 -

 

$

 -

 

$

634 

  Distillers grains

 

62,657 

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

62,657 

  Cattle and vinegar

 

 -

 

 

 -

 

 

222,059 

 

 

 -

 

 

 -

 

 

222,059 

  Service revenues

 

 -

 

 

 -

 

 

 -

 

 

1,229 

 

 

 -

 

 

1,229 

  Other

 

1,201 

 

 

806 

 

 

 -

 

 

 -

 

 

 -

 

 

2,007 

  Intersegment revenues

 

875 

 

 

 -

 

 

38 

 

 

 -

 

 

(913)

 

 

 -

Total revenues from contracts with customers

 

65,367 

 

 

806 

 

 

222,097 

 

 

1,229 

 

 

(913)

 

 

288,586 

Revenues from contracts accounted for as derivatives under ASC Topic 815 (1):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Ethanol

 

451,083 

 

 

106,117 

 

 

 -

 

 

 -

 

 

 -

 

 

557,200 

  Distillers grains

 

49,940 

 

 

32,706 

 

 

 -

 

 

 -

 

 

 -

 

 

82,646 

  Corn oil

 

19,132 

 

 

3,488 

 

 

5,350 

 

 

 -

 

 

 -

 

 

27,970 

  Grain

 

337 

 

 

22,843 

 

 

 -

 

 

 -

 

 

 -

 

 

23,180 

  Cattle and vinegar

 

 -

 

 

 -

 

 

(1,522)

 

 

 -

 

 

 -

 

 

(1,522)

  Other

 

4,272 

 

 

4,114 

 

 

 -

 

 

 -

 

 

 -

 

 

8,386 

  Intersegment revenues

 

3,344 

 

 

14,128 

 

 

 -

 

 

2,517 

 

 

(19,989)

 

 

 -

Total revenues from contracts accounted for as derivatives

 

528,108 

 

 

183,396 

 

 

3,828 

 

 

2,517 

 

 

(19,989)

 

 

697,860 

  Leasing revenues under ASC Topic 840 (2)

 

 -

 

 

 -

 

 

 -

 

 

22,094 

 

 

(21,703)

 

 

391 

Total Revenues

$

593,475 

 

$

184,202 

 

$

225,925 

 

$

25,840 

 

$

(42,605)

 

$

986,837 







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



Six Months Ended June 30, 2018



Ethanol Production

 

Agribusiness & Energy Services

 

Food & Ingredients

 

Partnership

 

Eliminations

 

Total

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues from contracts with customers under ASC 606:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Ethanol

$

3,100 

 

$

 -

 

$

 -

 

$

 -

 

$

 -

 

$

3,100 

  Distillers grains

 

119,902 

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

119,902 

  Cattle and vinegar

 

 -

 

 

 -

 

 

489,475 

 

 

 -

 

 

 -

 

 

489,475 

  Service revenues

 

 -

 

 

 -

 

 

 -

 

 

2,447 

 

 

 -

 

 

2,447 

  Other

 

1,332 

 

 

1,483 

 

 

 -

 

 

 -

 

 

 -

 

 

2,815 

  Intersegment revenues

 

1,537 

 

 

 -

 

 

80 

 

 

 -

 

 

(1,617)

 

 

 -

Total revenues from contracts with customers

 

125,871 

 

 

1,483 

 

 

489,555 

 

 

2,447 

 

 

(1,617)

 

 

617,739 

Revenues from contracts accounted for as derivatives under ASC Topic 815 (1):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Ethanol

 

893,656 

 

 

228,658 

 

 

 -

 

 

 -

 

 

 -

 

 

1,122,314 

  Distillers grains

 

90,401 

 

 

53,918 

 

 

 -

 

 

 -

 

 

 -

 

 

144,319 

  Corn oil

 

35,602 

 

 

12,158 

 

 

7,637 

 

 

 -

 

 

 -

 

 

55,397 

  Grain

 

470 

 

 

37,129 

 

 

 -

 

 

 -

 

 

 -

 

 

37,599 

  Cattle and vinegar

 

 -

 

 

 -

 

 

6,884 

 

 

 -

 

 

 -

 

 

6,884 

  Other

 

8,556 

 

 

38,515 

 

 

 -

 

 

 -

 

 

 -

 

 

47,071 

  Intersegment revenues

 

4,635 

 

 

25,557 

 

 

 -

 

 

4,689 

 

 

(34,881)

 

 

 -

Total revenues from contracts accounted for as derivatives

 

1,033,320 

 

 

395,935 

 

 

14,521 

 

 

4,689 

 

 

(34,881)

 

 

1,413,584 

  Leasing revenues under ASC 840 (2)

 

 -

 

 

 -

 

 

 -

 

 

44,589 

 

 

(43,788)

 

 

801 

Total Revenues

$

1,159,191 

 

$

397,418 

 

$

504,076 

 

$

51,725 

 

$

(80,286)

 

$

2,032,124 











(1)

Revenues from contracts accounted for as derivatives represent physically settled derivative sales that are outside the scope of ASC Topic 606, Revenue from Contracts with Customers (ASC Topic 606), where the company recognizes revenue when control of the inventory is transferred within the meaning of ASC Topic 606 as required by ASC Topic 610-20, Gains and Losses from the Derecognition of Nonfinancial Assets.

(2)

Leasing revenues do not represent revenues recognized from contracts with customers under ASC Topic 606, and continue to be accounted for under ASC Topic 840, Leases.