Equity Method Investments (Tables)

9 Months Ended

Sep. 30, 2020

Equity Method Investments [Abstract]


	Ownership as of September 30, 2020	September 30, 2020		December 31, 2019
Green Plains Cattle Company LLC ⁽¹⁾	50%	$	69,745	$	64,161
Other	Various		3,818		4,837
Total		$	73,563	$	68,998

(1)The equity method investment in GPCC is impacted by the effect of deferred gains or losses on cattle sale contracts designated in a cash flow hedge relationship. Pre-tax accumulated other comprehensive loss for GPCC was $10.7 million as of September 30, 2020 compared to pre-tax accumulated other comprehensive loss of $16.2 million as of December 31, 2019.

Earnings From Equity Method Investments


	Three Months Ended ‎September 30,				Nine Months Ended ‎September 30,
	2020		2019		2020		2019
Green Plains Cattle Company LLC ⁽¹⁾	$	775	$	504	$	20,531	$	504
All others		131		140		386		30
Total income from equity method investments, net of income taxes	$	906	$	644	$	20,917	$	534

Distributions from equity method investments	$	13,584	$	-	$	27,910	$	-

Income (loss) from equity method investments, net of distributions	$	(12,678)	$	644	$	(6,993)	$	534

(1)Pre-tax equity method earnings of GPCC were $1.0 million and $27.0 million for the three and nine months ended September 30, 2020, respectively and $0.5 million for both the three and nine months September 30, 2019. GPCC equity method treatment began on September 1, 2019, and as such, the prior year balances above represent balances for the one-month period ending September 30, 2019.

Summary Of Statement Of Operations Data Of Equity Method Investee


	Three Months Ended ‎September 30,				Nine Months Ended ‎September 30,
	2020		2019⁽¹⁾		2020		2019⁽¹⁾
Total revenues	$	257,292	$	86,932	$	747,824	$	86,932
Total operating expenses		255,315		85,925		693,753		85,925
Net income	$	1,977	$	1,007	$	54,071	$	1,007

(1)GPCC equity method treatment began on September 1, 2019, as such balances for the three and nine month periods above represent summarized financials for the one-month period ending September 30, 2019.

Summary Of Balance Sheet Of Equity Method Investment


	September 30, 2020		December 31, 2019
Balance sheet:
Current assets	$	498,868	$	516,324
Noncurrent assets		70,893		73,922
Current liabilities		429,922		461,534
Noncurrent liabilities		349		390
Net assets	$	139,490	$	128,322