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GREEN PLAINS RENEWABLE ENERGY, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
2011
2010
2009
Revenues
3,553,712
$
2,133,922
$
1,305,793
$
Cost of goods sold
3,381,480
1,981,396
1,221,745
Gross profit
172,232
152,526
84,048
Selling, general and administrative expenses
73,219
60,475
44,923
Operating income
99,013
92,051
39,125
Other income (expense)
Interest income
310
313
225
Interest expense
(36,645)
(26,144)
(18,827)
Other, net
(779)
(169)
(278)
Total other expense
(37,114)
(26,000)
(18,880)
Income before income taxes
61,899
66,051
20,245
Income tax expense
23,686
17,889
91
Net income
38,213
48,162
20,154
Net (income) loss attributable to noncontrolling interests
205
(150)
(364)
Net income attributable to Green Plains
38,418
$
48,012
$
19,790
$
Earnings per share:
Income attributable to Green Plains stockholders - basic
1.09
$
1.55
$
0.79
$
Income attributable to Green Plains stockholders - diluted
1.01
$
1.51
$
0.79
$
Weighted average shares outstanding:
Basic
35,276
31,032
24,895
Diluted
41,808
32,347
25,069
Year EndedDecember 31,
See accompanying notes to the consolidated financial statements.