2024 Q1 Form 10-K Financial Statement

#000130940224000023 Filed on February 09, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $597.2M $712.4M $3.296B
YoY Change -28.3% -22.06% -10.02%
Cost Of Revenue $588.8M $632.4M $3.104B
YoY Change -28.63% -27.67% -11.95%
Gross Profit $8.367M $79.95M $191.9M
YoY Change 5.32% 101.32% 39.23%
Gross Profit Margin 1.4% 11.22% 5.82%
Selling, General & Admin $31.77M $38.96M $133.4M
YoY Change -0.24% 8.13% 12.12%
% of Gross Profit 379.69% 48.73% 69.49%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $21.49M $24.34M $98.24M
YoY Change -15.36% -8.77% 5.98%
% of Gross Profit 256.81% 30.45% 51.19%
Operating Expenses $31.77M $63.30M $133.4M
YoY Change -0.24% 0.92% 12.12%
Operating Profit -$44.89M $16.65M -$61.58M
YoY Change -20.61% -172.39% -37.77%
Interest Expense $7.786M -$5.370M $37.70M
YoY Change -20.05% 40.47% 15.5%
% of Operating Profit -32.24%
Other Income/Expense, Net -$4.827M $915.0K -$20.77M
YoY Change -24.39% -217.01% -8509.31%
Pretax Income -$49.72M $11.81M -$82.35M
YoY Change -20.99% -142.78% -16.57%
Income Tax $300.0K -$264.0K -$5.617M
% Of Pretax Income -2.23%
Net Earnings -$51.41M $7.233M -$93.38M
YoY Change -26.89% -118.73% -26.6%
Net Earnings / Revenue -8.61% 1.02% -2.83%
Basic Earnings Per Share -$0.81 -$1.59
Diluted Earnings Per Share -$0.81 $0.12 -$1.59
COMMON SHARES
Basic Shares Outstanding 64.26M shares 59.51M shares 58.81M shares
Diluted Shares Outstanding 63.34M shares 58.81M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $237.3M $349.6M $349.6M
YoY Change -33.0% -21.38% -21.38%
Cash & Equivalents $237.3M $349.6M $349.6M
Short-Term Investments
Other Short-Term Assets $71.72M $72.08M $72.08M
YoY Change -19.71% -24.32% -24.32%
Inventory $191.1M $215.8M $215.8M
Prepaid Expenses
Receivables $87.56M $94.45M $94.45M
Other Receivables $716.0K $822.0K $822.0K
Total Short-Term Assets $588.4M $732.7M $732.7M
YoY Change -29.15% -21.11% -21.11%
LONG-TERM ASSETS
Property, Plant & Equipment $1.022B $1.022B $1.096B
YoY Change -0.63% -0.72% -0.6%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $48.50M $41.70M $17.30M
YoY Change 141.04% 0.0%
Other Assets $113.7M $110.7M $110.7M
YoY Change 24.38% 20.54% 48.53%
Total Long-Term Assets $1.211B $1.207B $1.207B
YoY Change 0.56% 1.02% 1.02%
TOTAL ASSETS
Total Short-Term Assets $588.4M $732.7M $732.7M
Total Long-Term Assets $1.211B $1.207B $1.207B
Total Assets $1.799B $1.939B $1.939B
YoY Change -11.57% -8.66% -8.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $123.6M $186.6M $186.6M
YoY Change -3.88% -20.34% -20.34%
Accrued Expenses $50.35M $57.03M $79.94M
YoY Change 6.53% 28.32% 22.67%
Deferred Revenue
YoY Change
Short-Term Debt $130.0M $106.0M $106.0M
YoY Change -38.85% -23.03% -23.03%
Long-Term Debt Due $1.828M $1.832M $1.832M
YoY Change -0.22% -0.33% -0.33%
Total Short-Term Liabilities $336.4M $385.0M $385.0M
YoY Change -29.75% -20.94% -20.94%
LONG-TERM LIABILITIES
Long-Term Debt $490.3M $491.9M $491.9M
YoY Change -0.97% -0.67% -0.67%
Other Long-Term Liabilities $18.15M $18.51M $72.39M
YoY Change -22.56% -24.1% -9.4%
Total Long-Term Liabilities $508.4M $510.4M $564.3M
YoY Change -1.95% -1.77% -1.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $336.4M $385.0M $385.0M
Total Long-Term Liabilities $508.4M $510.4M $564.3M
Total Liabilities $899.0M $949.3M $1.096B
YoY Change -15.34% -10.62% -9.69%
SHAREHOLDERS EQUITY
Retained Earnings -$287.2M -$235.8M
YoY Change 35.01% 65.57%
Common Stock $67.00K $62.00K
YoY Change 8.06% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $31.20M
YoY Change 0.0%
Treasury Stock Shares
Shareholders Equity $887.5M $843.7M $843.7M
YoY Change
Total Liabilities & Shareholders Equity $1.799B $1.939B $1.939B
YoY Change -11.57% -8.66% -8.66%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$51.41M $7.233M -$93.38M
YoY Change -26.89% -118.73% -26.6%
Depreciation, Depletion And Amortization $21.49M $24.34M $98.24M
YoY Change -15.36% -8.77% 5.98%
Cash From Operating Activities -$50.60M $111.7M $56.35M
YoY Change -56.74% 7.27% -19.17%
INVESTING ACTIVITIES
Capital Expenditures $21.80M $30.19M $108.1M
YoY Change -33.13% 3.61% -49.1%
Acquisitions
YoY Change
Other Investing Activities -$8.408M -$7.603M $0.00
YoY Change 197.21% -153.64% -100.0%
Cash From Investing Activities -$30.20M -$37.80M -$106.9M
YoY Change -14.73% 152.51% 1.56%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00 $22.73M
YoY Change -100.0% 0.77%
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$20.58M -61.26M -$70.96M
YoY Change -134.04% -19.79% 182.28%
NET CHANGE
Cash From Operating Activities -$50.60M 111.7M $56.35M
Cash From Investing Activities -$30.20M -37.80M -$106.9M
Cash From Financing Activities -$20.58M -61.26M -$70.96M
Net Change In Cash -$101.4M 12.69M -$121.5M
YoY Change 10.28% -1.11% 100.24%
FREE CASH FLOW
Cash From Operating Activities -$50.60M $111.7M $56.35M
Capital Expenditures $21.80M $30.19M $108.1M
Free Cash Flow -$72.39M $81.55M -$51.75M
YoY Change -51.6% 8.69% -63.73%

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ProfitLoss
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DeferredIncomeTaxExpenseBenefit
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ShareBasedCompensation
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ShareBasedCompensation
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IncomeLossFromEquityMethodInvestments
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IncomeLossFromEquityMethodInvestments
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EquityMethodInvestmentDividendsOrDistributions
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CY2021 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
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CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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3704000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3354000 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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497000 usd
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CY2021 us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
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CY2021 us-gaap Increase Decrease In Other Operating Capital Net
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PaymentsToAcquirePropertyPlantAndEquipment
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023 gpre Disposition Of Equity Method Investee
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DispositionOfEquityMethodInvestee
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PaymentsToAcquireEquityMethodInvestments
17156000 usd
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PaymentsForProceedsFromOtherInvestingActivities
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CY2021 us-gaap Payments For Proceeds From Other Investing Activities
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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CY2023 us-gaap Repayments Of Short Term Debt
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CY2021 us-gaap Repayments Of Short Term Debt
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CY2023 us-gaap Repayments Of Convertible Debt
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CY2021 us-gaap Payments Of Dividends
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CY2022 us-gaap Proceeds From Issuance Of Common Stock
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CY2021 us-gaap Proceeds From Issuance Of Common Stock
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CY2021 us-gaap Payments Of Loan Costs
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CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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CY2022 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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CY2021 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
286149000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
500276000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
560959000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
349574000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
444661000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
426220000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
29188000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
55615000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
378762000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
560959000 usd
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CY2021 us-gaap Debt Conversion Converted Instrument Amount1
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CY2022 us-gaap Conversion Of Stock Amount Converted1
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CY2021 us-gaap Conversion Of Stock Amount Converted1
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CY2023 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
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CY2022 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
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CY2021 us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
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CY2023 gpre Noncash Or Part Noncash Acquisition Allocation Of Noncontrolling Interest In Consolidation Of Acquiree
NoncashOrPartNoncashAcquisitionAllocationOfNoncontrollingInterestInConsolidationOfAcquiree
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CY2022 gpre Noncash Or Part Noncash Acquisition Allocation Of Noncontrolling Interest In Consolidation Of Acquiree
NoncashOrPartNoncashAcquisitionAllocationOfNoncontrollingInterestInConsolidationOfAcquiree
0 usd
CY2021 gpre Noncash Or Part Noncash Acquisition Allocation Of Noncontrolling Interest In Consolidation Of Acquiree
NoncashOrPartNoncashAcquisitionAllocationOfNoncontrollingInterestInConsolidationOfAcquiree
4500000 usd
CY2023 us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
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0 usd
CY2022 us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1
0 usd
CY2021 us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
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4500000 usd
CY2023 gpre Assets Disposed Of In Sale
AssetsDisposedOfInSale
22351000 usd
CY2022 gpre Assets Disposed Of In Sale
AssetsDisposedOfInSale
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CY2021 gpre Assets Disposed Of In Sale
AssetsDisposedOfInSale
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CY2023 gpre Liabilities Disposed Of In Sale
LiabilitiesDisposedOfInSale
3779000 usd
CY2022 gpre Liabilities Disposed Of In Sale
LiabilitiesDisposedOfInSale
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CY2021 gpre Liabilities Disposed Of In Sale
LiabilitiesDisposedOfInSale
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CY2023 gpre Net Assets Disposed
NetAssetsDisposed
18572000 usd
CY2022 gpre Net Assets Disposed
NetAssetsDisposed
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CY2021 gpre Net Assets Disposed
NetAssetsDisposed
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CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1242000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
583000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1479000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
35161000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
30889000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
29369000 usd
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
7001000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
17140000 usd
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
11948000 usd
CY2023 gpre Cash Premium Paid For Extinguishment Of Convertible Notes
CashPremiumPaidForExtinguishmentOfConvertibleNotes
0 usd
CY2022 gpre Cash Premium Paid For Extinguishment Of Convertible Notes
CashPremiumPaidForExtinguishmentOfConvertibleNotes
0 usd
CY2021 gpre Cash Premium Paid For Extinguishment Of Convertible Notes
CashPremiumPaidForExtinguishmentOfConvertibleNotes
20861000 usd
CY2023 gpre Noncash Asset Retirement Obligation Additions
NoncashAssetRetirementObligationAdditions
3013000 usd
CY2022 gpre Noncash Asset Retirement Obligation Additions
NoncashAssetRetirementObligationAdditions
2018000 usd
CY2021 gpre Noncash Asset Retirement Obligation Additions
NoncashAssetRetirementObligationAdditions
1166000 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:12pt"><span style="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>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. Certain accounting policies, including but not limited to those relating to 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.
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2022 us-gaap Revenues
Revenues
3662849000 usd
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Concentrations of Credit Risk</span></div><div style="margin-top:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The company is exposed to credit risk resulting from the possibility that another party may fail to perform according to the terms of the company’s contract. The company sells ethanol, distillers grains, Ultra-High Protein and renewable corn oil and markets products for third parties, which can result in concentrations of credit risk from a variety of customers, including major integrated oil companies, large independent refiners, petroleum wholesalers and other marketers. The company also sells grain to large commercial buyers, including other ethanol plants. Although payments are typically received within fifteen days of the sale, the company continually monitors its exposure. The company is also exposed to credit risk on prepayments of undelivered inventories with a few major suppliers of petroleum products and agricultural inputs. </span></div><div style="margin-top:12pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The company has master netting arrangements with various counterparties. On the consolidated balance sheets, the associated net amount for each counterparty is reflected as either an accounts receivable or accounts payable. If the amount for each counterparty were reflected on a gross basis, the company’s accounts receivable and accounts payable would increase by $1.2 million and $12.7 million at December 31, 2023 and 2022, respectively.</span></div>
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
17300000 usd
CY2023Q4 us-gaap Equity Method Investments
EquityMethodInvestments
41700000 usd
CY2023 gpre Equity Method Investments Interest Capitalized
EquityMethodInvestmentsInterestCapitalized
1400000 usd
CY2023Q4 gpre Number Of Ethanol Storage Facilities
NumberOfEthanolStorageFacilities
24 ethanolstoragefacility
CY2023Q4 gpre Number Of Ethanol Plants
NumberOfEthanolPlants
10 operationalethanolproductionplant
CY2023Q4 gpre Number Of Fuel Terminal Facilities
NumberOfFuelTerminalFacilities
2 fuelterminalfacility
CY2023 gpre Number Of Leased Railcars
NumberOfLeasedRailcars
2180 railcar
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
136289000 usd
CY2023 us-gaap Derivative Excluded Component Gain Loss Recognized In Earnings
DerivativeExcludedComponentGainLossRecognizedInEarnings
3159454000 usd
CY2023 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
0 usd
CY2023 us-gaap Revenues
Revenues
3295743000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
78556000 usd
CY2022 us-gaap Derivative Excluded Component Gain Loss Recognized In Earnings
DerivativeExcludedComponentGainLossRecognizedInEarnings
3584293000 usd
CY2022 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
0 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
86177000 usd
CY2021 us-gaap Derivative Excluded Component Gain Loss Recognized In Earnings
DerivativeExcludedComponentGainLossRecognizedInEarnings
2740908000 usd
CY2021 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
83000 usd
CY2021 us-gaap Revenues
Revenues
2827168000 usd
CY2023Q4 us-gaap Accounts Payable Fair Value Disclosure
AccountsPayableFairValueDisclosure
54700000 usd
CY2022Q4 us-gaap Accounts Payable Fair Value Disclosure
AccountsPayableFairValueDisclosure
31900000 usd
CY2023Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
585000000 usd
CY2023Q4 gpre Book Value Of Debt
BookValueOfDebt
599700000 usd
CY2022Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
654500000 usd
CY2022Q4 gpre Book Value Of Debt
BookValueOfDebt
634800000 usd
CY2023Q4 us-gaap Accounts Receivable Fair Value Disclosure
AccountsReceivableFairValueDisclosure
94400000 usd
CY2022Q4 us-gaap Accounts Receivable Fair Value Disclosure
AccountsReceivableFairValueDisclosure
108600000 usd
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2023 us-gaap Revenues
Revenues
3295743000 usd
CY2022 us-gaap Revenues
Revenues
3662849000 usd
CY2021 us-gaap Revenues
Revenues
2827168000 usd
CY2023 us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
3103838000 usd
CY2022 us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
3525011000 usd
CY2021 us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
2625109000 usd
CY2023 us-gaap Gross Profit
GrossProfit
191905000 usd
CY2022 us-gaap Gross Profit
GrossProfit
137838000 usd
CY2021 us-gaap Gross Profit
GrossProfit
202059000 usd
CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
-61578000 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
-98948000 usd
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
25508000 usd
CY2023Q4 gpre Lower Of Cost Or Market Adjustment
LowerOfCostOrMarketAdjustment
2600000 usd
CY2022Q4 gpre Lower Of Cost Or Market Adjustment
LowerOfCostOrMarketAdjustment
12300000 usd
CY2023 us-gaap Depreciation And Amortization
DepreciationAndAmortization
98244000 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
92698000 usd
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
91952000 usd
CY2023 us-gaap Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
108474000 usd
CY2022 us-gaap Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
212619000 usd
CY2021 us-gaap Segment Expenditure Addition To Long Lived Assets
SegmentExpenditureAdditionToLongLivedAssets
187271000 usd
CY2023Q4 us-gaap Assets
Assets
1939322000 usd
CY2022Q4 us-gaap Assets
Assets
2123131000 usd
CY2023Q4 gpre Lower Of Cost Or Market Adjustment
LowerOfCostOrMarketAdjustment
2600000 usd
CY2022Q4 gpre Lower Of Cost Or Market Adjustment
LowerOfCostOrMarketAdjustment
12300000 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
73975000 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
97719000 usd
CY2023Q4 gpre Inventory Grain Held For Sale
InventoryGrainHeldForSale
45898000 usd
CY2022Q4 gpre Inventory Grain Held For Sale
InventoryGrainHeldForSale
61885000 usd
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
32820000 usd
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
55983000 usd
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
14454000 usd
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
18499000 usd
CY2023Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
48663000 usd
CY2022Q4 us-gaap Other Inventory Supplies
OtherInventorySupplies
44864000 usd
CY2023Q4 gpre Inventories Carrying Amount
InventoriesCarryingAmount
215810000 usd
CY2022Q4 gpre Inventories Carrying Amount
InventoriesCarryingAmount
278950000 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
10579000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1708005000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1661625000 usd
CY2023Q4 us-gaap Property Plant And Equipment Owned Accumulated Depreciation
PropertyPlantAndEquipmentOwnedAccumulatedDepreciation
686077000 usd
CY2022Q4 us-gaap Property Plant And Equipment Owned Accumulated Depreciation
PropertyPlantAndEquipmentOwnedAccumulatedDepreciation
632298000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1021928000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1029327000 usd
CY2023 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
3600000 usd
CY2022 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
11300000 usd
CY2021 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
7300000 usd
CY2023 us-gaap Number Of Reporting Units
NumberOfReportingUnits
2 reportingunit
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
28628000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
28628000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
13483000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
10640000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
15145000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
17988000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P9Y10M24D
CY2022Q4 us-gaap Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
P11Y
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-3200000 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
13311000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
16421000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
44686000 usd
CY2023Q4 gpre Net Unrealized Gains On Exchange Traded Futures And Options Contracts Included In Balance Sheet
NetUnrealizedGainsOnExchangeTradedFuturesAndOptionsContractsIncludedInBalanceSheet
6500000 usd
CY2023 us-gaap Unrealized Gain Loss On Commodity Contracts
UnrealizedGainLossOnCommodityContracts
700000 usd
CY2022Q4 gpre Net Unrealized Gains On Exchange Traded Futures And Options Contracts Included In Balance Sheet
NetUnrealizedGainsOnExchangeTradedFuturesAndOptionsContractsIncludedInBalanceSheet
3400000 usd
CY2022 us-gaap Unrealized Gain Loss On Commodity Contracts
UnrealizedGainLossOnCommodityContracts
-2000000 usd
CY2023 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
-22521000 usd
CY2022 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
-2406000 usd
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
-18632000 usd
CY2023Q4 us-gaap Hedged Asset Fair Value Hedge
HedgedAssetFairValueHedge
45898000 usd
CY2023Q4 us-gaap Hedged Asset Fair Value Hedge Cumulative Increase Decrease
HedgedAssetFairValueHedgeCumulativeIncreaseDecrease
-1104000 usd
CY2022Q4 us-gaap Hedged Asset Fair Value Hedge
HedgedAssetFairValueHedge
61885000 usd
CY2022Q4 us-gaap Hedged Asset Fair Value Hedge Cumulative Increase Decrease
HedgedAssetFairValueHedgeCumulativeIncreaseDecrease
-13776000 usd
CY2023 us-gaap Trading Gains Losses
TradingGainsLosses
4800000 usd
CY2022 us-gaap Trading Gains Losses
TradingGainsLosses
4000000 usd
CY2021 us-gaap Trading Gains Losses
TradingGainsLosses
1100000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
498763000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
503691000 usd
CY2023Q4 us-gaap Deferred Finance Costs Noncurrent Gross
DeferredFinanceCostsNoncurrentGross
5013000 usd
CY2022Q4 us-gaap Deferred Finance Costs Noncurrent Gross
DeferredFinanceCostsNoncurrentGross
6610000 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
1832000 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
1838000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
491918000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
495243000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
1922000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
1918000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
182886000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
231910000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
1830000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
78297000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
498763000 usd
CY2023Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
105973000 usd
CY2022Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
137678000 usd
CY2023Q4 us-gaap Amount Of Restricted Net Assets For Consolidated And Unconsolidated Subsidiaries
AmountOfRestrictedNetAssetsForConsolidatedAndUnconsolidatedSubsidiaries
126800000 usd
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.59
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.59
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.29
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.29
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.41
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.41
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
5700000 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
1400000 shares
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13000000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9100000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6100000 usd
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
15600000 usd
CY2023 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y3M18D
CY2023 gpre Share Based Compensation Potential Tax Benefit Realizable For Anticipated Tax Deductions Exercise Of Share Based Payment Arrangements Percentage
ShareBasedCompensationPotentialTaxBenefitRealizableForAnticipatedTaxDeductionsExerciseOfShareBasedPaymentArrangementsPercentage
0.242
CY2023 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-93384000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-93384000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-127218000 usd
CY2022 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-127218000 usd
CY2021 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-65992000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-65992000 usd
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
58814000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
58814000 shares
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55541000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55541000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46652000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46652000 shares
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8419000 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
8556000 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
12952000 shares
CY2023Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
2800000 shares
CY2023Q4 us-gaap Treasury Stock Value
TreasuryStockValue
31200000 usd
CY2023Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
200000000 usd
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
7400000 shares
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
92800000 usd
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-3200000 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-26600000 usd
CY2022Q3 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
370000000000 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1238000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
232000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
612000 usd
CY2023 gpre Deferred Income Tax Expense Benefit Before Discontinued Operations
DeferredIncomeTaxExpenseBenefitBeforeDiscontinuedOperations
-6855000 usd
CY2022 gpre Deferred Income Tax Expense Benefit Before Discontinued Operations
DeferredIncomeTaxExpenseBenefitBeforeDiscontinuedOperations
4515000 usd
CY2021 gpre Deferred Income Tax Expense Benefit Before Discontinued Operations
DeferredIncomeTaxExpenseBenefitBeforeDiscontinuedOperations
1233000 usd
CY2023 gpre Income Tax Expense Benefit Before Discontinued Operations
IncomeTaxExpenseBenefitBeforeDiscontinuedOperations
-5617000 usd
CY2022 gpre Income Tax Expense Benefit Before Discontinued Operations
IncomeTaxExpenseBenefitBeforeDiscontinuedOperations
4747000 usd
CY2021 gpre Income Tax Expense Benefit Before Discontinued Operations
IncomeTaxExpenseBenefitBeforeDiscontinuedOperations
1845000 usd
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-17293000 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-21222000 usd
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-8883000 usd
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-662000 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
746000 usd
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
516000 usd
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
2787000 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
1221000 usd
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
1037000 usd
CY2023 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
3660000 usd
CY2022 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
5245000 usd
CY2021 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
4587000 usd
CY2023 gpre Effective Income Tax Rate Reconciliation Fin48
EffectiveIncomeTaxRateReconciliationFin48
0 usd
CY2022 gpre Effective Income Tax Rate Reconciliation Fin48
EffectiveIncomeTaxRateReconciliationFin48
0 usd
CY2021 gpre Effective Income Tax Rate Reconciliation Fin48
EffectiveIncomeTaxRateReconciliationFin48
-170000 usd
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
15892000 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
27778000 usd
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
15301000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
-4440000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
1105000 usd
CY2021 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
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