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 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $935.99M | - | $1.01B | $816.22M | $539.74M | - | $576.05M | $545.96M | $474.67M | - |
| Cost of Revenue | $868.24M | - | $917.43M | $692.71M | $465.94M | - | $498.40M | $521.35M | $367.40M | - |
| Gross Profit | $67.75M | - | $88.91M | $123.51M | $73.80M | - | $77.65M | $24.61M | $107.27M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $48.71M | - | $34.35M | $35.02M | $31.18M | - | $31.06M | $28.43M | $27.48M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $17.29M | - | $15.64M | $16.86M | $15.62M | - | $12.45M | $13.41M | $13.59M | - |
| Operating Income | $18.23M | - | $51.06M | $87.62M | $41.80M | - | $27.34M | ($3.63M) | $79.79M | - |
| Interest Expense | $7.48M | - | $8.62M | $4.27M | $1.12M | - | $1.07M | $1.19M | $2.47M | - |
| Income Tax | $421.0K | - | $652.0K | $2.25M | $1.63M | - | $1.05M | $1.63M | $1.33M | - |
| Net Income | $12.39M | - | $42.13M | $78.79M | $38.58M | - | $26.34M | $830.0K | $75.30M | - |
| EPS - Basic | $0.25 | - | $0.84 | $1.64 | $0.95 | - | $0.67 | $0.02 | $1.93 | - |
| EPS - Diluted | $0.25 | - | $0.83 | $1.62 | $0.88 | - | $0.60 | $0.02 | $1.72 | - |
Balance Sheet
| Line item | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $340.70M | $497.65M | $585.58M | $608.75M | $335.79M | $84.44M | $97.19M | $147.95M | $188.55M | $50.44M |
| Accounts Receivable | $212.58M | $158.19M | $196.90M | $169.87M | $129.55M | $143.47M | $187.86M | $251.18M | $754.52M | $858.92M |
| Inventory | $550.61M | $453.59M | $374.11M | $364.40M | $290.01M | $209.36M | $146.00M | $160.17M | $206.31M | $161.43M |
| Accounts Payable | $221.98M | $162.85M | $128.87M | $151.16M | $110.86M | $132.94M | $135.04M | $182.37M | $373.94M | $369.21M |
| Current Assets | $1.58B | $1.50B | $1.56B | $1.50B | $965.90M | $658.23M | $678.77M | $799.62M | $1.21B | $1.11B |
| Total Assets | $2.63B | $2.56B | $2.44B | $2.42B | $1.80B | $1.46B | $1.46B | $1.49B | $1.89B | $1.79B |
| Current Liabilities | $308.09M | $246.61M | $200.77M | $217.31M | $194.36M | $245.97M | $232.16M | $275.01M | $642.52M | $588.42M |
| Long-term Debt | $537.27M | $536.76M | $536.24M | $536.43M | $15.11M | $15.16M | $15.88M | $16.47M | $16.81M | $26.13M |
| Total Liabilities | $894.07M | $831.12M | $768.94M | $782.72M | $240.96M | $287.44M | $276.17M | $321.72M | $699.42M | $653.44M |
| Stockholders' Equity | $1.73B | $1.73B | $1.68B | $1.63B | $1.56B | $1.17B | $1.18B | $1.17B | $1.19B | $1.13B |
| Retained Earnings | $1.12B | $1.11B | $1.05B | $1.01B | $930.43M | $891.21M | $905.32M | $878.49M | $877.64M | $800.79M |
Cash Flow
| Line item | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($106.52M) | - | - | - | ($61.00M) | - | - | - | $105.40M | - |
| Investing Cash Flow | ($46.12M) | - | - | - | ($14.36M) | - | - | - | ($9.03M) | - |
| Financing Cash Flow | ($5.33M) | - | - | - | $326.89M | - | - | - | $41.79M | - |
| CapEx | $58.53M | - | $30.64M | $21.99M | $10.49M | - | $15.90M | $22.02M | $9.03M | - |
| Free Cash Flow | ($165.05M) | - | - | - | ($71.48M) | - | - | - | $96.37M | - |
Ratios
| Metric | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 | Q4 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 7.2% | - | 8.8% | 15.1% | 13.7% | - | 13.5% | 4.5% | 22.6% | - |
| Operating margin | 1.9% | - | 5.1% | 10.7% | 7.7% | - | 4.7% | -0.7% | 16.8% | - |
| EBITDA margin | 3.8% | - | 6.6% | 12.8% | 10.6% | - | 6.9% | 1.8% | 19.7% | - |
| Net margin | 1.3% | - | 4.2% | 9.7% | 7.1% | - | 4.6% | 0.2% | 15.9% | - |
| Free cash flow margin | -17.6% | - | - | - | -13.2% | - | - | - | 20.3% | - |
| FCF / Net income | -13.32 | - | - | - | -1.85 | - | - | - | 1.28 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 5.2% | - | 3.4% | 4.3% | 5.8% | - | 5.4% | 5.2% | 5.8% | - |
| Effective tax rate | 3.3% | - | 1.5% | 2.8% | 4.1% | - | 3.8% | 66.2% | 1.7% | - |
| Return on assets | 0.5% | - | 1.7% | 3.3% | 2.1% | - | 1.8% | 0.1% | 4.0% | - |
| Return on equity | 0.7% | - | 2.5% | 4.8% | 2.5% | - | 2.2% | 0.1% | 6.3% | - |
| Return on invested capital | 0.8% | - | 2.3% | 3.9% | 2.5% | - | 2.2% | -0.2% | 6.5% | - |
| Liquidity | ||||||||||
| Current ratio | 5.14 | 6.07 | 7.76 | 6.92 | 4.97 | 2.68 | 2.92 | 2.91 | 1.88 | 1.89 |
| Quick ratio | 3.35 | 4.23 | 5.90 | 5.24 | 3.48 | 1.82 | 2.29 | 2.33 | 1.56 | 1.61 |
| Cash ratio | 1.11 | 2.02 | 2.92 | 2.80 | 1.73 | 0.34 | 0.42 | 0.54 | 0.29 | 0.09 |
| Leverage | ||||||||||
| Debt / Equity | 0.31 | 0.31 | 0.32 | 0.33 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 |
| Debt / Assets | 0.20 | 0.21 | 0.22 | 0.22 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Debt / EBITDA | 15.13 | - | 8.04 | 5.13 | 0.26 | - | 0.40 | 1.68 | 0.18 | - |
| Interest coverage | 2.4x | - | 5.9x | 20.5x | 37.4x | - | 25.5x | -3.0x | 32.3x | - |
| Equity multiplier | 1.52 | 1.48 | 1.46 | 1.48 | 1.15 | 1.24 | 1.23 | 1.27 | 1.59 | 1.58 |
| Liabilities / Assets | 0.34 | 0.32 | 0.31 | 0.32 | 0.13 | 0.20 | 0.19 | 0.22 | 0.37 | 0.37 |
| Efficiency | ||||||||||
| Asset turnover | 0.36 | - | 0.41 | 0.34 | 0.30 | - | 0.39 | 0.37 | 0.25 | - |
| Inventory turnover | 1.58 | - | 2.45 | 1.90 | 1.61 | - | 3.41 | 3.25 | 1.78 | - |
| Days sales outstanding | 83d | - | 71d | 76d | 88d | - | 119d | 168d | 580d | - |
| Days inventory outstanding | 231d | - | 149d | 192d | 227d | - | 107d | 112d | 205d | - |
| Days payable outstanding | 93d | - | 51d | 80d | 87d | - | 99d | 128d | 372d | - |
| Cash conversion cycle | 221d | - | 169d | 188d | 228d | - | 127d | 152d | 414d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 73.4% | - | 74.7% | 49.5% | 13.7% | - | -1.4% | -2.6% | -0.7% | - |
| Revenue CAGR (3y) | 25.1% | - | 19.0% | 12.1% | -7.8% | - | -2.8% | 0.7% | 4.3% | - |
| Revenue CAGR (5y) | 17.4% | - | 10.0% | 7.9% | 12.0% | - | 7.8% | 7.9% | 15.5% | - |
| Gross profit growth (YoY) | -8.2% | - | 14.5% | 401.8% | -31.2% | - | 222.5% | - | - | - |
| Operating income growth (YoY) | -56.4% | - | 86.8% | - | -47.6% | - | - | 93.3% | - | - |
| Net income growth (YoY) | -67.9% | - | 60.0% | 9392.4% | -48.8% | - | - | - | - | - |
| EPS growth (YoY) | -71.6% | - | 38.3% | 8000.0% | -48.8% | - | - | - | - | - |
| EPS CAGR (3y) | - | - | 16.1% | 27.6% | -45.0% | - | - | - | - | - |
| EPS CAGR (5y) | - | - | 7.1% | 58.9% | 85.6% | - | - | - | - | - |
| FCF growth (YoY) | -130.9% | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | -8.7% | - |
| Book value growth (YoY) | 10.9% | 47.2% | 41.5% | 39.5% | 31.3% | 3.7% | 85.7% | 79.3% | 67.0% | 47.9% |
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%
Peer comparison
Same SIC group: Industrial Organic Chemicals
Comparing Renewable Energy Group against the 5 most active filers in the same SIC group.