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The information contained in the Performance Graph will not be deemed to be soliciting material or to be filed with the
SEC, nor will such information be incorporated by reference into any future filing under the Securities Act of 1933, as
amended, or the Securities Act, or under the Securities Exchange Act of 1934, except to the extent that we specifically
incorporate it by reference into any such filing.
Item 6. Selected Financial Data.
The following selected financial data have been derived from our consolidated financial statements. The statement of
operations data for the years ended December 31, 2011, 2010 and 2009, and the balance sheet data as of December 31, 2011
and 2010 are derived from and should be read in conjunction with our audited consolidated financial statements, including
accompanying notes, included elsewhere in this report. The statement of operations data for the nine-month transition period
ended December 31, 2008 and the fiscal year ended March 31, 2008, and the balance sheet data as of December 31, 2009,
December 31, 2008 and March 31, 2008 were derived from our audited consolidated financial statements not included in this
report, which also contain a description of a number of matters that materially affect the comparability of the periods
presented. The data should be read together with
Item 7 – Management’s Discussion and Analysis of Financial Condition and
Results of Operations
of this report. The financial information below is not necessarily indicative of results to be expected for
any future period. Future results could differ materially from historical results due to many factors, including those discussed
in
Item 1A – Risk Factors
of this report.
Year Ended
December 31,
2011
Year Ended
December 31,
2010
Year Ended
December 31,
2009
Nine-Month
Transition
PeriodEnded
December 31,
2008 (1)
Year Ended
March 31,
2008 (1)
Statement of Operations Data:
(in thousands, except per share information)
Revenues
3,553,712
$
2,133,922
$
1,305,793
$
188,758
$
-
$
Cost of goods sold
3,381,480
1,981,396
1,221,745
175,444
-
Gross profit
172,232
152,526
84,048
13,314
-
Selling, general and administrative expenses
73,219
60,475
44,923
18,467
5,423
Operating income (loss)
99,013
92,051
39,125
(5,153)
(5,423)
Total other income (expense)
(37,114)
(26,000)
(18,880)
(2,896)
1,423
Net income (loss)
38,213
48,162
20,154
(8,049)
(4,000)
Net income (loss) attributable to Green Plains
38,418
48,012
19,790
(6,897)
(3,520)
Earnings (loss) per share attributable to Green Plains:
Basic
1.09
$
1.55
$
0.79
$
(0.56)
$
(0.47)
$
Diluted
1.01
$
1.51
$
0.79
$
(0.56)
$
(0.47)
$
Other Data:
EBITDA (unaudited and in thousands) (2)
148,620
$
129,550
$
67,707
$
601
$
(3,980)
$
Balance Sheet Data
(in thousands)
:
2011
2010
2009
2008
2008
Cash and cash equivalents
174,988
$
233,205
$
89,779
$
62,294
$
538
$
Current assets
576,420
606,686
252,446
190,797
5,285
Total assets
1,420,828
1,397,779
878,081
693,263
254,175
Current liabilities
360,965
342,503
174,332
108,446
26,856
Long-termdebt
493,407
527,900
388,573
299,011
80,711
Total liabilities
915,471
900,137
567,373
413,278
107,567
Stockholders' equity
505,357
497,642
310,708
279,985
107,986
March 31,
December 31,