Revenue (Tables)

12 Months Ended

Dec. 31, 2020

Disaggregation Of Revenue By Major Source

The following tables disaggregate revenue by major source (in thousands):


	Twelve Months Ended December 31, 2020
	Ethanol Production		Agribusiness & Energy Services		Food & Ingredients		Partnership		Eliminations		Total
Revenues:
Revenues from contracts with customers under ASC 606:
Ethanol	$	-	$	-	$	-	$	-	$	-	$	-
Distillers grains		32,032		-		-		-		-		32,032
Corn oil		-		2,938		-		-		-		2,938
Service revenues		-		-		-		4,434		-		4,434
Other		4,306		6,423		-		-		-		10,729
Intersegment revenues		100		4,463		-		8,411		(12,974)		-
Total revenues from contracts with customers		36,438		13,824		-		12,845		(12,974)		50,133
Revenues from contracts accounted for as derivatives under ASC 815 ⁽¹⁾:
Ethanol		1,150,018		287,261		-		-		-		1,437,279
Distillers grains		261,554		41,184		-		-		-		302,738
Corn oil		49,666		33,563		-		-		-		83,229
Grain		42		32,833		-		-		-		32,875
Other		4,863		12,201		-		-		-		17,064
Intersegment revenues		-		23,005		-		-		(23,005)		-
Total revenues from contracts accounted for as derivatives		1,466,143		430,047		-		-		(23,005)		1,873,185
Leasing revenues under ASC 842 ⁽²⁾		-		-		-		70,500		(70,099)		401
Total Revenues	$	1,502,581	$	443,871	$	-	$	83,345	$	(106,078)	$	1,923,719


	Twelve Months Ended December 31, 2019
	Ethanol Production		Agribusiness & Energy Services		Food & Ingredients		Partnership		Eliminations		Total
Revenues:
Revenues from contracts with customers under ASC 606:
Ethanol	$	620	$	-	$	-	$	-	$	-	$	620
Distillers grains		70,729		-		-		-		-		70,729
Service revenues		-		-		-		6,422		-		6,422
Other		2,589		3,684		-		-		-		6,273
Intersegment revenues		100		-		-		7,126		(7,226)		-
Total revenues from contracts with customers		74,038		3,684		-		13,548		(7,226)		84,044
Revenues from contracts accounted for as derivatives under ASC 815 ⁽¹⁾:
Ethanol		1,338,093		522,572		-		-		-		1,860,665
Distillers grains		228,849		42,445		-		-		-		271,294
Corn oil		50,290		28,034		1,451		-		-		79,775
Grain		175		63,233		-		-		-		63,408
Other		9,270		48,348		-		-		-		57,618
Intersegment revenues		-		27,184		-		-		(27,184)		-
Total revenues from contracts accounted for as derivatives		1,626,677		731,816		1,451		-		(27,184)		2,332,760
Leasing revenues under ASC 842 ⁽²⁾		-		-		-		68,839		(68,405)		434
Total Revenues	$	1,700,715	$	735,500	$	1,451	$	82,387	$	(102,815)	$	2,417,238

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	Twelve Months Ended December 31, 2018
	Ethanol Production		Agribusiness & Energy Services		Food & Ingredients		Partnership		Eliminations		Total
Revenues:
Revenues from contracts with customers under ASC 606:
Ethanol	$	3,803	$	-	$	-	$	-	$	-	$	3,803
Distillers grains		206,905		-		-		-		-		206,905
Vinegar		-		-		108,011		-		-		108,011
Service revenues		-		-		-		5,180		-		5,180
Other		5,369		3,014		-		-		-		8,383
Intersegment revenues		186		24		-		9,030		(9,240)		-
Total revenues from contracts with customers		216,263		3,038		108,011		14,210		(9,240)		332,282
Revenues from contracts accounted for as derivatives under ASC 815 ⁽¹⁾:
Ethanol		1,618,319		418,956		-		-		-		2,037,275
Distillers grains		198,738		141,140		-		-		-		339,878
Corn oil		66,567		22,623		13,110		-		-		102,300
Grain		520		81,742		-		-		-		82,262
Other		20,254		68,380		-		-		-		88,634
Intersegment revenues		-		33,077		-		-		(33,077)		-
Total revenues from contracts accounted for as derivatives		1,904,398		765,918		13,110		-		(33,077)		2,650,349
Leasing revenues under ASC 840 ⁽²⁾		-		-		-		86,538		(85,237)		1,301
Total Revenues	$	2,120,661	$	768,956	$	121,121	$	100,748	$	(127,554)	$	2,983,932

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

(2)Leasing revenues do not represent revenues recognized from contracts with customers under ASC 606, and are accounted for under ASC 842, Leases for 2020 and 2019 and ASC 840, Leases for 2018.