10-K
Annual Report
ALTO INGREDIENTS, INC.
ALTO
NASDAQ
CIK: 778164
File #: 000-21467
Balance Sheet
56 line items · 2 periods
XBRL
| Item | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|
Current Assets: | ||
Cash and cash equivalents | 35,469,000 | 30,014,000 |
Restricted cash | 742,000 | 15,466,000 |
Cash collateral balance | 742,000 | 15,466,000 |
Accounts receivable, net of allowance for credit losses of $23 and $85, respectively | 58,217,000 | 58,729,000 |
Inventories | 49,914,000 | 52,611,000 |
Inventories | 35,495,000 | 41,041,000 |
Derivative instruments | 3,313,000 | 2,412,000 |
Commodity contracts | 3,313,000 | 2,412,000 |
Derivative Financial Instruments, Assets | 3,313,000 | — |
Derivative Financial Instruments, Assets - Level 1 | 3,313,000 | 2,412,000 |
Derivative Financial Instruments, Assets - Level 2 | — | 2,412,000 |
Long-lived assets – Magic Valley | 19,397,000 | — |
Long-lived assets – Magic Valley - Level 3 | 19,397,000 | — |
Other current assets | 5,463,000 | 9,538,000 |
Total current assets | 153,118,000 | 168,770,000 |
Property and equipment, net | 214,742,000 | 248,748,000 |
Other Assets: | ||
Right of use operating lease assets, net | 20,553,000 | 22,597,000 |
Intangible assets, net | 4,509,000 | 8,498,000 |
Other assets | 8,516,000 | 5,628,000 |
Total other assets | 33,578,000 | 36,723,000 |
Total Assets | 401,438,000 | 454,241,000 |
Pekin Campus | 223,934,000 | 251,048,000 |
Marketing and distribution | 102,895,000 | 101,196,000 |
Western production | 44,992,000 | 57,533,000 |
Corporate and Other | 29,617,000 | 44,464,000 |
Current Liabilities: | ||
Accounts payable | 20,369,000 | 20,752,000 |
Accrued liabilities | 24,214,000 | 20,205,000 |
Current portion – operating leases | 4,851,000 | 4,333,000 |
Derivative instruments | 1,177,000 | 13,849,000 |
Commodity contracts | 1,177,000 | 13,849,000 |
Derivative Financial Instruments, Liabilities | 1,177,000 | — |
Level 1 - Derivative Financial Instruments, Liabilities | 1,177,000 | 13,849,000 |
Level 2 - Derivative Financial Instruments, Liabilities | — | 13,849,000 |
Other current liabilities | 7,193,000 | 6,149,000 |
Acquisition of Eagle Alcohol | 7,700,000 | 2,800,000 |
Total current liabilities | 57,804,000 | 65,288,000 |
Long-term debt, net | 92,904,000 | 82,097,000 |
Operating leases, net of current portion | 16,913,000 | 19,029,000 |
Other liabilities | 8,754,000 | 8,270,000 |
Total Liabilities | 176,375,000 | 174,684,000 |
Stockholders’ Equity: | ||
Series B Preferred Stock | 1,000 | 1,000 |
Common stock, value | 77,000 | 76,000 |
Additional paid-in capital | 1,044,176,000 | 1,040,912,000 |
Accumulated other comprehensive income | 4,975,000 | 2,481,000 |
Accumulated deficit | (824,166,000) | (763,913,000) |
Total stockholders’ equity | 225,063,000 | 279,557,000 |
Preferred Stock | 1,000 | 1,000 |
Common Stock and Non-Voting Common | 77,000 | 76,000 |
Additional Paid-In Capital | 1,044,176,000 | 1,040,912,000 |
Accumulated Deficit | (824,166,000) | (763,913,000) |
Accum. Other Comprehensive Income (Loss) | 4,975,000 | 2,481,000 |
Total Liabilities and Stockholders’ Equity | 401,438,000 | 454,241,000 |