REGI · Renewable Energy Group, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Revenue | $3.24B | $2.14B | $2.64B | $2.38B | $2.16B | $2.04B |
| Cost of Revenue | $2.87B | $1.87B | $2.11B | $1.96B | $2.07B | $1.87B |
| Gross Profit | $369.89M | $268.35M | $530.07M | $419.99M | $83.58M | $171.52M |
| R&D | - | - | - | $2.04M | $14.09M | $18.16M |
| SG&A | $140.51M | $119.30M | $118.21M | $104.70M | $93.42M | $88.28M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $69.48M | $53.94M | $58.76M | $37.24M | $36.94M | $32.88M |
| Operating Income | $223.49M | $126.85M | $399.65M | $312.37M | ($73.81M) | $47.17M |
| Interest Expense | $21.95M | $7.91M | $12.18M | $17.53M | $18.75M | $15.99M |
| Income Tax | ($14.48M) | $5.93M | ($570.0K) | $5.87M | ($30.49M) | $4.27M |
| Net Income | $211.69M | $120.42M | $371.66M | $292.32M | ($79.08M) | $44.33M |
| EPS - Basic | $4.48 | $3.07 | $7.56 | - | ($2.04) | $1.06 |
| EPS - Diluted | $4.44 | $2.76 | $8.78 | $6.78 | ($2.04) | $1.06 |
Balance Sheet
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $497.65M | $84.44M | $50.44M | $123.58M | $77.63M | $116.21M |
| Accounts Receivable | $158.19M | $143.47M | $858.92M | $74.55M | $90.65M | $164.95M |
| Inventory | $453.59M | $209.36M | $161.43M | $168.90M | $135.55M | $145.41M |
| Accounts Payable | $162.85M | $132.94M | $369.21M | $95.87M | $84.61M | $99.14M |
| Current Assets | $1.50B | $658.23M | $1.11B | $465.38M | $355.70M | $462.84M |
| Total Assets | $2.56B | $1.46B | $1.79B | $1.11B | $1.01B | $1.14B |
| Current Liabilities | $246.61M | $245.97M | $588.42M | $294.68M | $204.94M | $233.54M |
| Long-term Debt | $536.76M | $15.16M | $26.13M | $33.42M | $208.54M | $196.20M |
| Total Liabilities | $831.12M | $287.44M | $653.44M | $341.84M | $438.01M | $526.43M |
| Stockholders' Equity | $1.73B | $1.17B | $1.13B | $765.25M | $567.58M | $607.34M |
| Retained Earnings | $1.11B | $891.21M | $800.79M | $427.24M | $134.93M | $214.01M |
Cash Flow
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($16.24M) | $543.43M | ($46.71M) | $365.53M | $15.60M | $75.30M |
| Investing Cash Flow | ($369.31M) | ($333.91M) | $5.67M | ($97.20M) | ($59.87M) | ($63.77M) |
| Financing Cash Flow | $799.63M | ($175.11M) | ($32.05M) | ($219.21M) | $4.04M | $58.17M |
| CapEx | $99.55M | $63.64M | $42.52M | $46.45M | $67.57M | $60.70M |
| Free Cash Flow | ($115.79M) | $479.79M | ($89.23M) | $319.08M | ($51.98M) | $14.60M |
Ratios
| Metric | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 11.4% | 12.6% | 20.1% | 17.6% | 3.9% | 8.4% |
| Operating margin | 6.9% | 5.9% | 15.1% | 13.1% | -3.4% | 2.3% |
| EBITDA margin | 9.0% | 8.5% | 17.4% | 14.7% | -1.7% | 3.9% |
| Net margin | 6.5% | 5.6% | 14.1% | 12.3% | -3.7% | 2.2% |
| Free cash flow margin | -3.6% | 22.4% | -3.4% | 13.4% | -2.4% | 0.7% |
| FCF / Net income | -0.55 | 3.98 | -0.24 | 1.09 | 0.66 | 0.33 |
| R&D / Revenue | - | - | - | 0.1% | 0.7% | 0.9% |
| SG&A / Revenue | 4.3% | 5.6% | 4.5% | 4.4% | 4.3% | 4.3% |
| Effective tax rate | -7.3% | 4.7% | -0.2% | 2.0% | - | 8.8% |
| Return on assets | 8.3% | 8.2% | 20.8% | 26.4% | -7.9% | 3.9% |
| Return on equity | 12.3% | 10.3% | 32.8% | 38.2% | -13.9% | 7.3% |
| Return on invested capital | 9.9% | 10.2% | 34.5% | 38.3% | -7.5% | 5.4% |
| Liquidity | ||||||
| Current ratio | 6.07 | 2.68 | 1.89 | 1.58 | 1.74 | 1.98 |
| Quick ratio | 4.23 | 1.82 | 1.61 | 1.01 | 1.07 | 1.36 |
| Cash ratio | 2.02 | 0.34 | 0.09 | 0.42 | 0.38 | 0.50 |
| Leverage | ||||||
| Debt / Equity | 0.31 | 0.01 | 0.02 | 0.04 | 0.37 | 0.32 |
| Debt / Assets | 0.21 | 0.01 | 0.01 | 0.03 | 0.21 | 0.17 |
| Debt / EBITDA | 1.83 | 0.08 | 0.06 | 0.10 | - | 2.45 |
| Interest coverage | 10.2x | 16.0x | 32.8x | 17.8x | -3.9x | 3.0x |
| Equity multiplier | 1.48 | 1.24 | 1.58 | 1.45 | 1.77 | 1.87 |
| Liabilities / Assets | 0.32 | 0.20 | 0.37 | 0.31 | 0.44 | 0.46 |
| Efficiency | ||||||
| Asset turnover | 1.27 | 1.46 | 1.48 | 2.15 | 2.15 | 1.80 |
| Inventory turnover | 6.34 | 8.93 | 13.08 | 11.62 | 15.31 | 12.86 |
| Days sales outstanding | 18d | 25d | 119d | 11d | 15d | 29d |
| Days inventory outstanding | 58d | 41d | 28d | 31d | 24d | 28d |
| Days payable outstanding | 21d | 26d | 64d | 18d | 15d | 19d |
| Cash conversion cycle | 55d | 39d | 83d | 25d | 24d | 39d |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 51.8% | -19.1% | 10.8% | 10.4% | 5.7% | 47.1% |
| Revenue CAGR (3y) | 10.8% | -0.3% | 9.0% | 19.8% | 19.2% | 10.9% |
| Revenue CAGR (5y) | 9.7% | 9.0% | 15.7% | 9.7% | 16.3% | 73.1% |
| Gross profit growth (YoY) | 37.8% | -49.4% | 26.2% | 402.5% | -51.3% | 55.2% |
| Operating income growth (YoY) | 76.2% | -68.3% | 27.9% | - | - | - |
| Net income growth (YoY) | 75.8% | -67.6% | 27.1% | - | - | - |
| EPS growth (YoY) | 60.9% | -68.6% | 29.5% | - | - | - |
| EPS CAGR (3y) | -13.2% | - | 102.3% | - | - | -40.4% |
| EPS CAGR (5y) | 33.2% | - | 34.6% | 6.3% | - | - |
| FCF growth (YoY) | - | - | - | - | - | -6.9% |
| FCF CAGR (5y) | - | 98.2% | - | 26.0% | - | - |
| Book value growth (YoY) | 47.2% | 3.7% | 47.9% | 34.8% | -6.5% | -0.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Business segments
$3.45B totalBiomassbased Diesel$3.09B · 89.5%
Services$203.69M · 5.9%
Corporate And Other$158.59M · 4.6%
Product / service
$3.16B totalBiomassbased Diesel$2.14B · 67.8%
Separated RINs$355.54M · 11.2%
Other Productsand Services$203.69M · 6.4%
LCFSCredits$158.93M · 5.0%
Petroleum Diesel$158.59M · 5.0%
Coproduct$81.51M · 2.6%
Other Biomassbased Diesel Products$38.80M · 1.2%
Raw Material$20.97M · 0.7%
Geographic
$3.24B totalUS$2.81B · 86.7%
Total Foreign$430.29M · 13.3%
Stability scores
Altman Z′
FY 2021 · bankruptcy risk
3.13
Safe
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2021 · 9-point quality
3/9
Weak
- ✓Net income positive
- ✗Operating cash flow positive
- ✓ROA improved YoY
- ✗Cash flow > net income
- ✗Long-term debt decreased
- ✓Current ratio improved
- ✗No share dilution
- ✗Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Industrial Organic Chemicals
Comparing Renewable Energy Group against the 5 most active filers in the same SIC group.