FINANCIAL HIGHLIGHTS

Statement of Operations Data Year Ended December 31,
(in thousands, except per share information 2014 2013 2012 2011 2010 2009
Revenues $3,235,611 $3,041,011 $3,476,870 $3,553,712 $2,133,922 $1,305,793
Cost of goods sold 2,860,813 2,867,991 3,380,099 3,381,480 1,981,396 1,221,745
Gross profit 374,798 173,020 96,771 172,232 152,526 84,048
Selling, general and administrative expenses 88,524 65,169 79,019 73,219 60,475 44,923
Gain on disposal of assets(1) 47,133
Operating income 286,274 107,851 64,885 99,013 92,051 39,125
Total other expense 35,844 35,570 39,729 37,114 26,000 18,880
Net income attributable to Green Plains 159,504 43,391 11,779 38,418 48,012 19,790
Earnings per share attributable to Green Plains:
Basic 4.37 $1.44 $0.39 $1.09 $1.55 $0.79
Diluted $3.96 $1.26 $0.39 $1.01 $1.51 $0.79
Other Data
EBITDA (unaudited)(2) $350,700 $156,640 $115,505 $148,620 $129,550 $67,707
Balance Sheet Data Year Ended December 31,
(in thousands 2014 2013 2012 2011 2010 2009
Cash and cash equivalents $425,510 $272,027 $254,289 $174,988 $233,205 $89,779
Current assets 910,910 633,305 568,035 576,420 606,686 252,446
Total assets 1,828,557 1,532,045 1,349,734 1,420,828 1,397,779 878,081
Current liabilities 511,540 409,197 432,384 360,965 342,503 174,332
Long-term debt 399,440 480,746 362,549 493,407 527,900 388,573
Total liabilities 1,031,108 986,687 859,232 915,471 900.137 567,373
Stockholders’ equity 797,449 545,358 490,502 505,357 497,642 310,708
(1In December 2012, we sold 12 grain elevators located in northwestern Iowa and western Tennessee consisting of approximately 32.6 million bushels of grain storage capacity and all of our agronomy and retail petroleum operations.
(2Management uses earnings before interest, income taxes, depreciation and amortization, or EBITDA, to compare the financial performance of our business segments and to internally manage those segments. Management believes that EBITDA provides useful information to investors as a measure of comparison with peer and other companies. EBITDA should not be considered an alternative to, or more meaningful than, net income or cash flow as determined in accordance with generally accepted accounting principles. EBITDA calculations may vary from company to company. Accordingly, our computation of EBITDA may not be comĀ­parable with a similarly titled measure of another company. The following sets forth the reconciliation of net income to EBITDA for the periods indicated (in thousands):
  Year Ended December 31,
  2014 2013 2012 2011 2010 2009
Net income $159,504 $43,391 $11,763 $38,213 $48,162 $20,154
Interest expense 39,908 33,357 37,521 36,645 26,144 18,827
Income tax expense 90,926 28,890 13,393 23,686 17,889 91
Depreciation and amortization 60,362 51,002 52,828 50,076 37,355 28,635
EBITDA $350,700 $156,640 $115,505 $148,620 $129,550 $67,707