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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments36,45650,61247,66718,99726,62749,489
Cash and cash equivalents36,45650,61247,66718,99726,62749,489
Restricted cash and investments13,06911,513    
Receivables68,65511,64114,33774,30768,24881,087
Inventory, net of allowances, customer advances and progress billings66,62854,37341,76760,60057,82061,550
Inventory66,62854,37341,76760,60057,82061,550
Derivative instruments and hedges, assets4,97315,83917,1492,4381,765998
Asset, held-for-sale, not part of disposal group  1,00058,29516,500  
Other current assets9,3409,3014,7864,43011,2546,841
Other undisclosed current assets  75,24730,04554,7923,0903,281
Total current assets:199,121229,526214,046232,064168,804203,246
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 18,937   
Operating lease, right-of-use asset 13,41311,04624,346
Property, plant and equipment239,069222,550229,486332,526482,657508,352
Intangible assets, net (including goodwill)15,057 2,6782,6782,6782,678
Goodwill5,970     
Intangible assets, net (excluding goodwill)9,087 2,6782,6782,6782,678
Regulated entity, other noncurrent assets   7592,153  
Other noncurrent assets6,1377,8235,2254,3815,8426,020
Other undisclosed noncurrent assets  11,64113,57814,347  
Total noncurrent assets:279,200255,427262,772380,431491,177517,050
TOTAL ASSETS:478,321484,953476,818612,495659,981720,296
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities54,67144,55824,14851,60871,59761,411
Accounts payable28,11523,25113,04729,27748,17639,738
Accrued liabilities26,55621,30711,10122,33123,42121,673
Debt   25,53384,171146,71620,592
Derivative instruments and hedges, liabilities6,73213,582 1,8606,3092,307
Other liabilities12,7657,55315,5246,0607,2376,396
Other undisclosed current liabilities3,8493,90921,72216,699  
Total current liabilities:78,01769,60286,927160,398231,85990,706
Noncurrent Liabilities
Long-term debt and lease obligation68,35650,36171,807180,79584,845221,214
Long-term debt, excluding current maturities68,35650,36171,807180,79584,767221,091
Capital lease obligations78123
Liabilities, other than long-term debt8,79710,39413,13423,08614,57024,676
Other liabilities8,79710,39413,13423,08614,57024,676
Operating lease, liability    
Other undisclosed noncurrent liabilities 15,0629,3828,71521,1719,342 
Total noncurrent liabilities:92,21570,13793,656225,052108,757245,890
Total liabilities:170,232139,739180,583385,450340,616336,596
Equity
Equity, attributable to parent, including:308,089345,214296,235219,780299,767356,439
Preferred stock      
Common stock757372564644
Additional paid in capital1,040,8341,037,2051,036,638942,307932,179927,090
Accumulated other comprehensive income (loss)1,822(284)(3,878)(2,370)(2,459)(2,234)
Accumulated deficit(734,643)(691,781)(736,598)(720,214)(630,000)(568,462)
Other undisclosed equity, attributable to parent 111111
Equity, attributable to noncontrolling interest    7,26519,59827,261
Total equity:308,089345,214296,235227,045319,365383,700
TOTAL LIABILITIES AND EQUITY:478,321484,953476,818612,495659,981720,296

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,335,6211,207,892897,0231,424,8811,515,3711,632,255
Revenue, net1,632,255
Cost of revenue
(Cost of Goods and Services Sold)
(1,363,171)(1,140,108)(844,164)(1,434,819)(1,530,535)(1,626,324)
Gross profit:(27,550)67,78452,859(9,938)(15,164)5,931
Operating expenses(33,809)(24,614)(30,400)(64,745)(36,373)(31,516)
Other undisclosed operating loss  (3,100)(12,606)   
Operating income (loss):(61,359)40,0709,853(74,683)(51,537)(25,585)
Nonoperating income
(Other Nonoperating income)
862     
Interest and debt expense (3,587)(17,943)(26,723)(17,132)(12,938)
Income (loss) from continuing operations before equity method investments, income taxes:(60,497)36,483(8,090)(101,406)(68,669)(38,523)
Other undisclosed income (loss) from continuing operations before income taxes 11,068(9,209)104171128
Income (loss) from continuing operations before income taxes:(60,497)47,551(17,299)(101,302)(68,498)(38,395)
Income tax expense (benefit) (1,925)(1,469)1720562321
Other undisclosed loss from continuing operations (46,682)    
Loss from continuing operations:(62,422)(600)(17,282)(101,282)(67,936)(38,074)
Loss before gain (loss) on sale of properties:(600)(17,282)(101,282)(67,936)(38,074)
Other undisclosed net income (loss)20,82546,682    
Net income (loss):(41,597)46,082(17,282)(101,282)(67,936)(38,074)
Net income attributable to noncontrolling interest   2,16612,3337,663 
Other undisclosed net income attributable to parent     3,110
Net income (loss) attributable to parent:(41,597)46,082(15,116)(88,949)(60,273)(34,964)
Preferred stock dividends and other adjustments(1,265)(1,265)    
Undistributed earnings (loss) allocated to participating securities, basic      
Other undisclosed net loss available to common stockholders, basic  (600)(1,268)(1,265)(1,265)(1,265)
Net income (loss) available to common stockholders, diluted:(42,862)44,217(16,384)(90,214)(61,538)(36,229)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(41,597)46,082(17,282)(101,282)(67,936)(38,074)
Other undisclosed comprehensive income (loss)2,1063,594(1,508)89(225)386
Comprehensive income (loss):(39,491)49,676(18,790)(101,193)(68,161)(37,688)
Comprehensive income, net of tax, attributable to noncontrolling interest   2,16612,3337,6633,110
Comprehensive income (loss), net of tax, attributable to parent:(39,491)49,676(16,624)(88,860)(60,498)(34,578)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: