Green Plains Inc
For the period ended Mar 31, 2024. Filed May 3, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 3, 2024
GPRE$13.71-1.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities | ||
| Net loss | $(51,122) | $(66,249) |
| Adjustments to reconcile net loss to net cash used in operating activities | ||
| Depreciation and amortization | 21,487 | 25,386 |
| Amortization of debt issuance costs and non-cash interest expense | 609 | 717 |
| Inventory lower of average cost or net realizable value adjustment | 4,202 | — |
| Deferred income tax expense | 233 | 3,491 |
| Stock-based compensation | 3,053 | 2,828 |
| Loss (income) from equity method investees | 1,077 | (104) |
| Other | 858 | 1,625 |
| Changes in operating assets and liabilities | ||
| Accounts receivable | 6,890 | 2,064 |
| Inventories | 20,459 | (757) |
| Derivative financial instruments | 7,010 | 10,287 |
| Prepaid expenses and other assets | (627) | (3,215) |
| Accounts payable and accrued liabilities | (65,787) | (94,131) |
| Current income taxes | 446 | 452 |
| Other | 613 | 638 |
| Net cash used in operating activities | (50,599) | (116,968) |
| Cash flows from investing activities | ||
| Purchases of property and equipment, net | (21,795) | (32,591) |
| Investment in equity method investees, net | (8,408) | (2,829) |
| Net cash used in investing activities | (30,203) | (35,420) |
| Cash flows from financing activities | ||
| Payments of principal on long-term debt | (2,009) | (515) |
| Proceeds from short-term borrowings | 181,430 | 359,908 |
| Payments on short-term borrowings | (157,570) | (285,231) |
| Payments on extinguishment of non-controlling interest | (29,196) | — |
| Payments of transaction costs | (5,951) | — |
| Payments of dividends and distributions | — | (5,305) |
| Payments related to tax withholdings for stock-based compensation | (4,222) | (8,402) |
| Other financing activities | (3,060) | — |
| Net cash provided by (used in) financing activities | (20,578) | 60,455 |
| Net change in cash and cash equivalents, and restricted cash | (101,380) | (91,933) |
| Cash and cash equivalents, and restricted cash, beginning of period | 378,762 | 500,276 |
| Cash and cash equivalents, and restricted cash, end of period | $277,382 | $408,343 |
Continued on the following page
CONSOLIDATED STATEMENTS OF CASH FLOWS
Continued from the previous page
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Reconciliation of total cash and cash equivalents, and restricted cash | ||
| Cash and cash equivalents | $237,302 | $354,204 |
| Restricted cash | 40,080 | 54,139 |
| Total cash and cash equivalents, and restricted cash | $277,382 | $408,343 |
| Supplemental disclosures of cash flow | ||
| Cash refunded for income taxes, net | $(9) | $(189) |
| Cash paid for interest | $8,888 | $10,093 |
| Capital expenditures in accounts payable | $5,413 | $5,481 |
| Issuance of common stock as a result of the Merger | $5 | $— |
| Non-cash extinguishment of non-controlling interest within additional paid-in capital | $133,765 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.