Press release
Green Plains Reports Fourth Quarter and Full Year 2020 Financial Results
Results for the Fourth Quarter of 2020 and Recent Updates: Net loss attributable to the company of $49.6 million, or $(1.43) per diluted share inclusive of
About this update from Green Plains, Inc.
[{"type":"text","content":"Results for the Fourth Quarter of 2020 and Recent Updates: Net loss attributable to the company of $49.6 million, or $(1.43) per diluted share inclusive of $31.3 million of noncash losses consisting of $22.9 million related to the sale of certain assets and $8.4 million related to a valuation allowance on deferred tax assetsAdjusted net loss attributable to the company of $18.3 million or $(0.53) per diluted share exclusive of noted adjustmentsAdjusted EBITDA of $9.4 million, exclusive of a noncash loss of $22.9 million related to the sale of certain assetsConsolidated crush margin of $0.06 per gallon, $0.04 per gallon better than the prior year’s fourth quarterAcquisition of Fluid Quip Technologies LLC in partnership with Ospraie Management and BlackRock secures the cornerstone technology to help accelerate installation of Ultra-High Protein technology and expand renewable corn oil production across Green Plains’ platform, amplify production capabilities and further expand product offerings including deployment of Clean Sugar Technology to meet anticipated market demandsStrong liquidity position, with cash, cash equivalents and restricted cash of $274.8 million and $332.0 million available under committed credit facilitiesCompleted $125.0 million 5-year mezzanine note facility with BlackRock, fully funding transformation plan Results for Full Year 2020: Net loss attributable to the company of $108.8 million, or $(3.14) per diluted share inclusive of $55.0 million of noncash losses consisting of $20.9 million related to the sale of certain assets, $24.1 million related to goodwill impairment and $10.0 million related to an additional valuation allowance on deferred tax assetsAdjusted net loss attributable to the company of $53.8 million or $(1.55) per diluted share exclusive of noted adjustmentsAdjusted EBITDA of $36.7 million, exclusive of noncash losses of $20.9 million related to the sale of certain assets and $24.1 million related to goodwill impairment OMAHA, Neb., Feb. 09, 2021 (GLOBE NEWSWIRE) -- Green Plains Inc. (NASDAQ:GPRE) today announced financial results for the fourth quarter of 2020. Net loss attributable to the company was $49.6 million, or $(1.43) per diluted share. Adjusted net loss for the fourth quarter was $18.3 million or $(0.53) per diluted share, exclusive of a noncash loss on the sale of certain assets ...