2022 Q4 Form 10-Q Financial Statement

#000130940222000098 Filed on November 03, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $914.0M $955.0M $746.8M
YoY Change 13.93% 27.88% 76.1%
Cost Of Revenue $874.3M $956.9M $730.2M
YoY Change 17.16% 31.04% 66.61%
Gross Profit $39.71M -$1.880M $16.61M
YoY Change -29.12% -111.32% -216.94%
Gross Profit Margin 4.34% -0.2% 2.22%
Selling, General & Admin $36.03M $29.07M $26.02M
YoY Change 49.37% 11.7% 30.54%
% of Gross Profit 90.74% 156.65%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $26.68M $24.65M $28.28M
YoY Change 18.82% -12.85% 43.55%
% of Gross Profit 67.2% 170.24%
Operating Expenses $62.72M $29.07M $26.02M
YoY Change 34.64% 11.7% 30.54%
Operating Profit -$23.01M -$61.88M -$44.68M
YoY Change -343.54% 38.51% 214.5%
Interest Expense -$3.823M $9.576M $9.488M
YoY Change -44.11% 0.93% -6.7%
% of Operating Profit
Other Income/Expense, Net -$782.0K -$7.995M -$9.903M
YoY Change 200.77% -19.27% -2.47%
Pretax Income -$27.61M -$69.88M -$54.58M
YoY Change -4027.74% 28.03% 124.06%
Income Tax $4.893M -$1.900M $7.000K
% Of Pretax Income
Net Earnings -$38.62M -$73.53M -$59.62M
YoY Change 303.6% 23.32% 72.89%
Net Earnings / Revenue -4.22% -7.7% -7.98%
Basic Earnings Per Share -$1.27 -$1.18
Diluted Earnings Per Share -$0.66 -$1.27 -$1.181M
COMMON SHARES
Basic Shares Outstanding 59.30M shares 58.09M shares 48.19M
Diluted Shares Outstanding 57.68M shares 50.48M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $444.7M $445.8M $589.8M
YoY Change -19.32% -24.41% 292.17%
Cash & Equivalents $444.7M $420.8M $589.8M
Short-Term Investments $0.00 $25.00M
Other Short-Term Assets $95.24M $111.5M $192.5M
YoY Change -46.48% -42.08% 214.53%
Inventory $279.0M $258.9M $243.2M
Prepaid Expenses
Receivables $108.6M $118.4M $90.27M
Other Receivables $1.286M $1.072M $1.732M
Total Short-Term Assets $928.8M $935.6M $1.118B
YoY Change -16.91% -16.28% 119.69%
LONG-TERM ASSETS
Property, Plant & Equipment $1.029B $1.016B $842.1M
YoY Change 15.2% 20.69% -1.9%
Goodwill $29.13M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $17.30M
YoY Change 140.28%
Other Assets $91.81M $86.11M $86.57M
YoY Change 8.72% -0.52% 117.58%
Total Long-Term Assets $1.194B $1.166B $995.7M
YoY Change 14.62% 17.1% -3.21%
TOTAL ASSETS
Total Short-Term Assets $928.8M $935.6M $1.118B
Total Long-Term Assets $1.194B $1.166B $995.7M
Total Assets $2.123B $2.102B $2.113B
YoY Change -1.7% -0.55% 37.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $234.3M $123.0M $112.5M
YoY Change 60.41% 9.4% 25.56%
Accrued Expenses $44.44M $45.95M $42.73M
YoY Change -22.0% 7.53% -1.31%
Deferred Revenue
YoY Change
Short-Term Debt $137.7M $206.1M $162.5M
YoY Change -20.61% 26.86% 10.81%
Long-Term Debt Due $1.838M $1.835M $34.48M
YoY Change -94.79% -94.68% 0.29%
Total Short-Term Liabilities $486.9M $420.6M $404.3M
YoY Change 3.2% 4.03% 21.97%
LONG-TERM LIABILITIES
Long-Term Debt $495.2M $495.3M $514.4M
YoY Change -3.65% -3.73% 49.09%
Other Long-Term Liabilities $24.39M $23.50M $23.80M
YoY Change 10.18% -1.25% 98.83%
Total Long-Term Liabilities $519.6M $518.8M $538.2M
YoY Change -3.08% -3.62% 50.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $486.9M $420.6M $404.3M
Total Long-Term Liabilities $519.6M $518.8M $538.2M
Total Liabilities $1.062B $988.3M $995.6M
YoY Change 0.41% -0.73% 35.66%
SHAREHOLDERS EQUITY
Retained Earnings -$142.4M -$103.8M -$5.631M
YoY Change 837.02% 1743.38% -106.33%
Common Stock $62.00K $62.00K $65.00K
YoY Change 0.0% -4.62% -99.99%
Preferred Stock
YoY Change
Treasury Stock (at cost) $31.20M $91.63M
YoY Change -65.95% -30.21%
Treasury Stock Shares 2.800M shares $8.244M
Shareholders Equity $910.0M $962.0M $971.4M
YoY Change
Total Liabilities & Shareholders Equity $2.123B $2.102B $2.113B
YoY Change -1.7% -0.55% 37.45%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$38.62M -$73.53M -$59.62M
YoY Change 303.6% 23.32% 72.89%
Depreciation, Depletion And Amortization $26.68M $24.65M $28.28M
YoY Change 18.82% -12.85% 43.55%
Cash From Operating Activities $104.2M $72.18M $2.340M
YoY Change 224.35% 2984.4% -77.71%
INVESTING ACTIVITIES
Capital Expenditures $29.14M -$54.94M -$63.79M
YoY Change -145.89% -13.87% 196.69%
Acquisitions
YoY Change
Other Investing Activities $14.17M $0.00 $10.37M
YoY Change -110.96% -100.0%
Cash From Investing Activities -$14.97M -$54.94M -$53.42M
YoY Change -92.24% 2.85% 148.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -76.38M -109.1M 156.6M
YoY Change -10136.66% -169.65% 1514.42%
NET CHANGE
Cash From Operating Activities 104.2M 72.18M 2.340M
Cash From Investing Activities -14.97M -54.94M -53.42M
Cash From Financing Activities -76.38M -109.1M 156.6M
Net Change In Cash 12.83M -91.83M 105.5M
YoY Change -108.02% -187.03% -8217.08%
FREE CASH FLOW
Cash From Operating Activities $104.2M $72.18M $2.340M
Capital Expenditures $29.14M -$54.94M -$63.79M
Free Cash Flow $75.03M $127.1M $66.13M
YoY Change -21.53% 92.23% 106.65%

Facts In Submission

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CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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EarningsPerShareBasic
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CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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WeightedAverageNumberOfDilutedSharesOutstanding
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CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54550000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2022Q3 us-gaap Profit Loss
ProfitLoss
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CY2021Q3 us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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CY2022Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
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CY2021Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
171000 usd
us-gaap Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
836000 usd
us-gaap Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
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CY2022Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
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CY2021Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
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us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
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us-gaap Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
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CY2022Q3 us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
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CY2021Q3 us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
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us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
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us-gaap Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
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CY2022Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
1662000 usd
CY2021Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
1112000 usd
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
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CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
6078000 usd
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
344000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1479000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3210000 usd
CY2022Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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CY2021Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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CY2022Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
5623000 usd
CY2021Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
5211000 usd
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
17547000 usd
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
16151000 usd
CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
69493000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3214000 usd
gpre Gain Loss On Disposition Of Assets Net
GainLossOnDispositionOfAssetsNet
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gpre Gain Loss On Disposition Of Assets Net
GainLossOnDispositionOfAssetsNet
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us-gaap Inventory Write Down
InventoryWriteDown
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us-gaap Inventory Write Down
InventoryWriteDown
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us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Share Based Compensation
ShareBasedCompensation
6646000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
3980000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
517000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
33776000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2191000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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us-gaap Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
19985000 usd
us-gaap Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
2386000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2911000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
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us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
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us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
1065000 usd
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
183225000 usd
CY2022Q3 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
711000000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
123687000 usd
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
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us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
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us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
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us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
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us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
45000000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
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us-gaap Repayments Of Senior Debt
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us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
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us-gaap Proceeds From Short Term Debt
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us-gaap Proceeds From Short Term Debt
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us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
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CY2022Q3 gpre Book Value Of Debt
BookValueOfDebt
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us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
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us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
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us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
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us-gaap Payments Of Dividends
PaymentsOfDividends
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us-gaap Payments Of Dividends
PaymentsOfDividends
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us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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us-gaap Payments Of Loan Costs
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us-gaap Payments Of Loan Costs
PaymentsOfLoanCosts
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3806000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
3330000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
51239000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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446085000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q4 gpre Book Value Of Debt
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
274810000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
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CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
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CY2022Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
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CY2021Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
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CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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gpre Assets Disposed Of In Sale
AssetsDisposedOfInSale
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gpre Assets Disposed Of In Sale
AssetsDisposedOfInSale
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LiabilitiesDisposedOfInSale
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gpre Liabilities Disposed Of In Sale
LiabilitiesDisposedOfInSale
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NetAssetsDisposed
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us-gaap Income Taxes Paid Net
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us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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gpre Cash Premium Paid For Extinguishment Of Convertible Notes
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CashPremiumPaidForExtinguishmentOfConvertibleNotes
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us-gaap Use Of Estimates
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<div style="margin-top:10pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates in the Preparation of Consolidated Financial Statements</span></div><div style="margin-top:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. The company bases its estimates on historical experience and assumptions it believes are proper and reasonable under the circumstances and regularly evaluates the appropriateness of its estimates and assumptions. Actual results could differ from those estimates. Key accounting policies, including but not limited to those relating to impairment of long-lived assets and goodwill, derivative financial instruments, and accounting for income taxes, are impacted significantly by judgments, assumptions and estimates used in the preparation of the consolidated financial statements.</span></div>
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2021Q3 us-gaap Revenues
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CY2022Q3 us-gaap Revenues
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Derivative Excluded Component Gain Loss Recognized In Earnings
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us-gaap Operating Lease Lease Income
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us-gaap Revenues
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CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2021Q4 us-gaap Accounts Payable Fair Value Disclosure
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12600000 usd
us-gaap Derivative Excluded Component Gain Loss Recognized In Earnings
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us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
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us-gaap Revenues
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CY2022Q3 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
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CY2022Q3 us-gaap Restricted Cash
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CY2022Q3 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
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AccountsPayableFairValueDisclosure
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CY2022Q3 us-gaap Derivative Liabilities
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LiabilitiesFairValueDisclosure
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CY2021Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
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CY2021Q4 us-gaap Accounts Payable Fair Value Disclosure
AccountsPayableFairValueDisclosure
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CY2021Q4 us-gaap Derivative Liabilities
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CY2021Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
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CY2022Q3 us-gaap Accounts Payable Fair Value Disclosure
AccountsPayableFairValueDisclosure
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CY2021Q4 us-gaap Debt Instrument Fair Value
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CY2022Q3 us-gaap Marketable Securities
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CY2021Q4 us-gaap Marketable Securities
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us-gaap Number Of Operating Segments
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Revenues
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CY2021Q3 us-gaap Revenues
Revenues
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us-gaap Revenues
Revenues
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us-gaap Revenues
Revenues
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CY2022Q3 us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
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CY2021Q3 us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
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us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
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us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
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CY2022Q3 us-gaap Gross Profit
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CY2021Q3 us-gaap Gross Profit
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us-gaap Gross Profit
GrossProfit
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us-gaap Gross Profit
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CY2021Q3 us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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CY2022Q3 us-gaap Inventory Adjustments
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us-gaap Gain Loss On Disposition Of Assets1
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CY2021Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
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us-gaap Depreciation And Amortization
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us-gaap Depreciation And Amortization
DepreciationAndAmortization
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CY2021Q4 gpre Inventory Grain Held For Sale
InventoryGrainHeldForSale
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CY2022Q3 us-gaap Inventory Raw Materials
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CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
50604000 usd
CY2022Q3 us-gaap Assets
Assets
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CY2021Q4 us-gaap Assets
Assets
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CY2022Q3 gpre Lower Of Cost Or Market Adjustment
LowerOfCostOrMarketAdjustment
11200000 usd
CY2021Q4 gpre Lower Of Cost Or Market Adjustment
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