10-Q Filing

GREEN PLAINS INC. CIK: 1309402 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001309402-15-000047`
Period End Date	20150331
Filing Date	20150430
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	gpre-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 34 Cash Flow Statement 70 Comprehensive Income 14

Balance Sheet 75 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.23M	USD	Point-in-time
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.25M	USD	Point-in-time
Property and equipment, accumulated depreciation	`PropertyPlantAndEquipmentOwnedAccumulatedDepreciation`	$289.95M	USD	Point-in-time
Property and equipment, accumulated depreciation	`PropertyPlantAndEquipmentOwnedAccumulatedDepreciation`	$274.54M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$405.90M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$207.03M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$272.03M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$425.51M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$14.65M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$29.74M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Accounts receivable, net of allowances of $1,255 and $1,231, respectively	`AccountsReceivableNetCurrent`	$138.07M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	44.81M	shares	Point-in-time
Accounts receivable, net of allowances of $1,255 and $1,231, respectively	`AccountsReceivableNetCurrent`	$101.69M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	45.15M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.95M	shares	Point-in-time
Inventories	`InventoriesCarryingAmount`	$269.13M	USD	Point-in-time
Inventories	`InventoriesCarryingAmount`	$254.97M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.61M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$10.85M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	7.20M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	7.20M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$18.78M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.76M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$7.50M	USD	Point-in-time
Derivative financial instruments	`DerivativeAssetsCurrent`	$36.26M	USD	Point-in-time
Derivative financial instruments	`DerivativeAssetsCurrent`	$36.35M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$840.24M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$910.91M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $289,954 and $274,543, respectively	`PropertyPlantAndEquipmentNet`	$819.73M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $289,954 and $274,543, respectively	`PropertyPlantAndEquipmentNet`	$825.21M	USD	Point-in-time
Goodwill	`Goodwill`	$40.88M	USD	Point-in-time
Goodwill	`Goodwill`	$40.88M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$49.81M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$51.56M	USD	Point-in-time
Total assets	`Assets`	$1.75B	USD	Point-in-time
Total assets	`Assets`	$1.83B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$99.14M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$170.20M	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesCurrent`	$31.59M	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesCurrent`	$61.12M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$2.91M	USD	Point-in-time
Unearned revenue	`DeferredRevenueCurrent`	$3.96M	USD	Point-in-time
Unearned revenue	`DeferredRevenueCurrent`	$3.68M	USD	Point-in-time
Short-term notes payable and other borrowings	`ShortTermBorrowings`	$239.35M	USD	Point-in-time
Short-term notes payable and other borrowings	`ShortTermBorrowings`	$209.89M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$63.47M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$62.22M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$435.99M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$511.54M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$399.44M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$398.62M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$117.95M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$115.23M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$4.92M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$4.89M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.03B	USD	Point-in-time
Total liabilities	`Liabilities`	$957.49M	USD	Point-in-time
Common stock, $0.001 par value; 75,000,000 shares authorized; 45,148,068 and 44,808,982 shares issued, and 37,948,068 and 37,608,982 shares outstanding, respectively	`CommonStockValue`	$45.00K	USD	Point-in-time
Common stock, $0.001 par value; 75,000,000 shares authorized; 45,148,068 and 44,808,982 shares issued, and 37,948,068 and 37,608,982 shares outstanding, respectively	`CommonStockValue`	$45.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$569.43M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$570.26M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$299.10M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$292.75M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.08M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.32M	USD	Point-in-time
Treasury stock, 7,200,000 shares	`TreasuryStockValue`	$65.81M	USD	Point-in-time
Treasury stock, 7,200,000 shares	`TreasuryStockValue`	$65.81M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$797.45M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$793.17M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.83B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.75B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$738.39M	USD	1 Quarter
Revenues	`Revenues`	$733.89M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$712.83M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$633.14M	USD	1 Quarter
Gross profit	`GrossProfit`	$25.55M	USD	1 Quarter
Gross profit	`GrossProfit`	$100.75M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$21.45M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$22.41M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$4.10M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$78.34M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$113.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$220.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$9.16M	USD	1 Quarter
Interest expense	`InterestExpense`	$9.76M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$1.03M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-931.00K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-9.87M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-8.62M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-5.76M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$69.73M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$26.52M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-2.45M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$43.20M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-3.32M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.09	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.30	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.09	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.04	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	37.80M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	33.15M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.80M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.25M	shares	1 Quarter
Cash dividend declared per share	`CommonStockDividendsPerShareDeclared`	$0.04	USD	1 Quarter
Cash dividend declared per share	`CommonStockDividendsPerShareDeclared`	$0.08	USD	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$43.20M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-3.32M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$14.63M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$15.38M	USD	1 Quarter
Amortization of debt issuance costs and debt discount	`AmortizationOfFinancingCosts`	$2.00M	USD	1 Quarter
Amortization of debt issuance costs and debt discount	`AmortizationOfFinancingCosts`	$1.96M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$8.80M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$23.79M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$-1.34M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.14M	USD	1 Quarter
Undistributed equity in (income) loss of affiliates	`IncomeLossFromEquityMethodInvestments`	$1.03M	USD	1 Quarter
Undistributed equity in (income) loss of affiliates	`IncomeLossFromEquityMethodInvestments`	$-933.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-24.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-36.36M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.76M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$21.42M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$14.16M	USD	1 Quarter
Derivative financial instruments	`IncreaseDecreaseInDerivativeAssets`	$127.31M	USD	1 Quarter
Derivative financial instruments	`IncreaseDecreaseInDerivativeAssets`	$-2.06M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-7.98M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.31M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-99.15M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.80M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInOtherAccountsPayable`	$2.00K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInOtherAccountsPayable`	$-1.39M	USD	1 Quarter
Unearned revenues	`IncreaseDecreaseInDeferredRevenue`	$-282.00K	USD	1 Quarter
Unearned revenues	`IncreaseDecreaseInDeferredRevenue`	$11.62M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-814.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-366.00K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-45.78M	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-50.22M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.78M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.33M	USD	1 Quarter
Distributions from (investments in) unconsolidated subsidiaries	`PaymentsForProceedsFromBusinessesAndInterestInAffiliates`	$-12.00K	USD	1 Quarter
Distributions from (investments in) unconsolidated subsidiaries	`PaymentsForProceedsFromBusinessesAndInterestInAffiliates`	$334.00K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.77M	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.67M	USD	1 Quarter
Proceeds from the issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$39.80M	USD	1 Quarter
Proceeds from the issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$127.84M	USD	1 Quarter
Payments of principal on long-term debt	`RepaymentsOfLongTermDebt`	$41.04M	USD	1 Quarter
Payments of principal on long-term debt	`RepaymentsOfLongTermDebt`	$88.85M	USD	1 Quarter
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$775.74M	USD	1 Quarter
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$802.17M	USD	1 Quarter
Payments on short-term borrowings	`RepaymentsOfShortTermDebt`	$746.28M	USD	1 Quarter
Payments on short-term borrowings	`RepaymentsOfShortTermDebt`	$845.24M	USD	1 Quarter
Payments of cash dividends	`PaymentsOfDividends`	$1.40M	USD	1 Quarter
Payments of cash dividends	`PaymentsOfDividends`	$3.03M	USD	1 Quarter
Change in restricted cash	`IncreasesDecreasesInRestrictedCash`	$-4.10M	USD	1 Quarter
Change in restricted cash	`IncreasesDecreasesInRestrictedCash`	$-15.10M	USD	1 Quarter
Payments of loan fees	`PaymentsOfLoanCosts`	$57.00K	USD	1 Quarter
Payments of loan fees	`PaymentsOfLoanCosts`	$37.00K	USD	1 Quarter
Proceeds from exercises of stock options	`ProceedsFromStockOptionsExercised`	$1.40M	USD	1 Quarter
Proceeds from exercises of stock options	`ProceedsFromStockOptionsExercised`	$606.00K	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-12.00K	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$40.83M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-64.99M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-19.61M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$405.90M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$207.03M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$272.03M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$425.51M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$405.90M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$207.03M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$272.03M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$425.51M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	$547.00K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	$3.56M	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$5.91M	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$7.99M	USD	1 Quarter
Common stock issued for conversion of 5.75% Notes	`DebtConversionConvertedInstrumentAmount1`	$89.95M	USD	1 Quarter

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Unrealized gains (losses) on derivatives, tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$86.02M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$43.20M	USD	1 Quarter
Unrealized gains (losses) on derivatives, tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$-5.71M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-3.32M	USD	1 Quarter
Income tax (expense) benefit	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax`	$4.98M	USD	1 Quarter
Income tax (expense) benefit	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax`	$-32.58M	USD	1 Quarter
Unrealized gains (losses) on derivatives arising during period, net of tax (expense) benefit of $(5,708), and $86,015, respectively	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$9.76M	USD	1 Quarter
Unrealized gains (losses) on derivatives arising during period, net of tax (expense) benefit of $(5,708), and $86,015, respectively	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-137.29M	USD	1 Quarter
Reclassification of realized (gains) losses on derivatives, net of tax expense (benefit) of $4,980 and $(32,577), respectively	`ReclassificationOfRealizedGainsLossesOnDerivativesNetOfTaxBenefits`	$52.00M	USD	1 Quarter
Reclassification of realized (gains) losses on derivatives, net of tax expense (benefit) of $4,980 and $(32,577), respectively	`ReclassificationOfRealizedGainsLossesOnDerivativesNetOfTaxBenefits`	$-8.51M	USD	1 Quarter
Total other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-85.29M	USD	1 Quarter
Total other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$1.24M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-42.09M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-2.07M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.