Alto Ingredients, Inc. (ALTO) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
400 CAPITOL MALL, SUITE 2060 SACRAMENTO, CA 95814 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 286 - Industrial Organic Chemicals (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 26,162 | 22,739 | 21,173 | 36,456 | 28,458 | 57,376 | |||
| Cash and cash equivalents | 26,162 | 22,739 | 21,173 | 36,456 | 28,458 | 57,376 | |||
| Restricted cash and investments | 8,699 | 2,351 | 5,263 | 13,069 | 3,955 | 17,361 | |||
| Receivables | 66,065 | 63,367 | 66,537 | 68,655 | (444) | ||||
| Inventory, net of allowances, customer advances and progress billings | 57,092 | 71,115 | 67,147 | 66,628 | 61,088 | 67,438 | |||
| Inventory | 57,092 | 71,115 | 67,147 | 66,628 | 61,088 | 67,438 | |||
| Derivative instruments and hedges, assets | 3,974 | 14,038 | 6,267 | 4,973 | 7,384 | 27,488 | |||
| Asset, held-for-sale, not part of disposal group | 76,455 | 92,744 | |||||||
| Other current assets | 6,213 | 5,919 | 5,217 | 9,340 | 8,966 | 11,081 | |||
| Other undisclosed current assets | 444 | ||||||||
| Total current assets: | 168,205 | 179,529 | 171,604 | 199,121 | 186,306 | 273,488 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 23,046 | 18,937 | |||||||
| Operating lease, right-of-use asset | 23,387 | 24,433 | 12,895 | 14,004 | |||||
| Property, plant and equipment | 248,882 | 246,693 | 244,172 | 239,069 | 233,475 | 222,946 | |||
| Intangible assets, net (including goodwill) | 14,615 | 14,762 | 14,910 | 15,057 | 15,204 | 15,289 | |||
| Goodwill | 5,970 | 5,970 | 5,970 | 5,970 | 5,970 | 5,908 | |||
| Intangible assets, net (excluding goodwill) | 8,645 | 8,792 | 8,940 | 9,087 | 9,234 | 9,381 | |||
| Other noncurrent assets | 6,013 | 5,993 | 6,172 | 6,137 | 6,788 | 5,592 | |||
| Other undisclosed noncurrent assets | |||||||||
| Total noncurrent assets: | 292,897 | 291,881 | 288,300 | 279,200 | 268,362 | 257,831 | |||
| TOTAL ASSETS: | 461,102 | 471,410 | 459,904 | 478,321 | 454,668 | 531,319 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 40,634 | 41,261 | 41,740 | 54,671 | 39,665 | 42,882 | |||
| Accounts payable | 23,990 | 25,933 | 24,406 | 28,115 | 17,493 | 21,478 | |||
| Accrued liabilities | 16,644 | 15,328 | 17,334 | 26,556 | 22,172 | 21,404 | |||
| Derivative instruments and hedges, liabilities | 7,249 | 8,396 | 2,100 | 6,732 | 1,106 | 32,770 | |||
| Other liabilities | 6,488 | 5,115 | 6,150 | 12,765 | 10,096 | 15,340 | |||
| Other undisclosed current liabilities | 4,044 | 3,914 | 3,856 | 3,849 | 3,646 | 4,132 | |||
| Total current liabilities: | 58,415 | 58,686 | 53,846 | 78,017 | 54,513 | 95,124 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 75,878 | 82,082 | 83,739 | 68,356 | 45,888 | 52,518 | |||
| Long-term debt, excluding current maturities | 75,878 | 82,082 | 83,739 | 68,356 | 45,888 | 52,518 | |||
| Liabilities, other than long-term debt | 28,812 | 8,791 | 8,966 | 8,797 | 10,068 | 10,288 | |||
| Other liabilities | 8,870 | 8,791 | 8,966 | 8,797 | 10,068 | 10,288 | |||
| Operating lease, liability | 19,942 | ||||||||
| Other undisclosed noncurrent liabilities | 21,058 | 19,678 | 15,062 | 9,201 | 9,801 | ||||
| Total noncurrent liabilities: | 104,690 | 111,931 | 112,383 | 92,215 | 65,157 | 72,607 | |||
| Total liabilities: | 163,105 | 170,617 | 166,229 | 170,232 | 119,670 | 167,731 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 297,997 | 300,793 | 293,675 | 308,089 | 334,998 | 363,588 | |||
| Preferred stock | 1 | 1 | 1 | 1 | 1 | ||||
| Common stock | 76 | 76 | 76 | 75 | 74 | 74 | |||
| Additional paid in capital | 1,040,747 | 1,039,735 | 1,039,897 | 1,040,834 | 1,036,459 | 1,036,692 | |||
| Accumulated other comprehensive income (loss) | 1,822 | 1,822 | 1,822 | 1,822 | (284) | (284) | |||
| Accumulated deficit | (744,649) | (740,841) | (748,121) | (734,643) | (701,252) | (672,895) | |||
| Other undisclosed equity, attributable to parent | 1 | ||||||||
| Total equity: | 297,997 | 300,793 | 293,675 | 308,089 | 334,998 | 363,588 | |||
| TOTAL LIABILITIES AND EQUITY: | 461,102 | 471,410 | 459,904 | 478,321 | 454,668 | 531,319 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 318,127 | 317,297 | 313,891 | 328,437 | 336,877 | 362,189 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (313,966) | (300,116) | (317,055) | (349,765) | (356,716) | (353,345) | ||
| Gross profit: | 4,161 | 17,181 | (3,164) | (21,328) | (19,839) | 8,844 | ||
| Operating expenses | (8,488) | (7,911) | (8,456) | (9,781) | (7,403) | (8,996) | ||
| Operating income (loss): | (4,327) | 9,270 | (11,620) | (31,109) | (27,242) | (152) | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 26 | 59 | 19 | 930 | (456) | (66) | ||
| Interest and debt expense | (1,734) | |||||||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | ||||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (4,301) | 7,595 | (11,601) | (30,179) | (27,698) | (218) | ||
| Other undisclosed income from continuing operations before income taxes | 812 | |||||||
| Income (loss) from continuing operations before income taxes: | (3,489) | 7,595 | (11,601) | (30,179) | (27,698) | (218) | ||
| Other undisclosed loss from continuing operations | (7,691) | (1,925) | ||||||
| Loss from continuing operations: | (3,489) | (96) | (11,601) | (32,104) | (27,698) | (218) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | (27,698) | (218) | |
| Other undisclosed net loss | (968) | (340) | ||||||
| Net loss: | (3,489) | (96) | (11,601) | (33,072) | (28,038) | (218) | ||
| Other undisclosed net income (loss) attributable to parent | 7,691 | (1,565) | 22,333 | |||||
| Net income (loss) attributable to parent: | (3,489) | 7,595 | (13,166) | (33,072) | (28,038) | 22,115 | ||
| Preferred stock dividends and other adjustments | (319) | (315) | (312) | (319) | (319) | (315) | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (96) | (284) | ||||||
| Net income (loss) available to common stockholders, diluted: | (3,808) | 7,184 | (13,478) | (33,391) | (28,357) | 21,516 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (3,489) | (96) | (11,601) | (33,072) | (28,038) | (218) | ||
| Other undisclosed comprehensive income | 2,106 | |||||||
| Comprehensive loss: | (3,489) | (96) | (11,601) | (30,966) | (28,038) | (218) | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | ||||||||
| Comprehensive loss, net of tax, attributable to parent: | (3,489) | (96) | (11,601) | (30,966) | (28,038) | (218) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.