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Renewable Energy Group, Inc. (REGI) SEC Filing 10-K Annual Report for the fiscal year ending Friday, December 31, 2021

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Renewable Energy Group, Inc.

HISTORY TOOLS
CIK: 1276671 Ticker: REGI

Exhibit 99.1


renewableenergygrouplogo_oa.jpg

Renewable Energy Group Reports Fourth Quarter and Full Year 2021 Financial Results

    Fourth Quarter 2021 Highlights:
•Revenues of $882 million
•Net income available to common stockholders of $52 million, or $1.03 per diluted share
•Adjusted EBITDA of $57 million
•Acquired Amber Resources, a leading Southern California full-service distributor
•Entered strategic partnership with Booster to offer mobile delivery of sustainable fuels
•Carbon reduction of over one million metric tons from fuels produced by REG in the quarter
•Appointed two new members to REG's Board of Directors

    Full Year 2021 Highlights:
•Record revenues of $3.2 billion
•Net income available to common stockholders of $212 million, or $4.44 per diluted share
•Adjusted EBITDA of $285 million
•Sales of REG Ultra Clean blends of biodiesel with renewable diesel increased 58%
•Raised a combined $935 million in gross proceeds from equity sale and green bond offering
•Progressed into construction phase of Geismar improvement and expansion project
•Carbon reduction of 4.1 million metric tons from fuels produced by REG for the full year
•Announced global partnership with Manchester United Football Club
•Record safety achievement: 0.23 OSHA incident rate (industry leading performance)

Post Year 2021 Highlights:
•Announced strategic investment in expanded low carbon feedstock processing in Europe
•Launched strategic partnership to advance biodiesel use in marine markets with Bunker Holding Group

Ames, IA, March 1, 2022
- Renewable Energy Group, Inc. (NASDAQ:REGI) ("REG" or the "Company") today announced its financial results for the fourth quarter and year ended December 31, 2021.

Revenues for the fourth quarter were $882 million on 148 million gallons of fuel sold, and for the full year were $3.2 billion on 621 million gallons. Net income available to common stockholders was $52 million in the fourth quarter of 2021, and was $212 million for full year. Adjusted EBITDA was $57 million in the fourth quarter of 2021, and was $285 million for the full year.

"Delivering a 46% increase in Adjusted EBITDA over 2020 demonstrates ongoing strong growth and further reflects our focus on operational excellence coupled with an exceptional safety achievement." said Cynthia (CJ) Warner, REG President and Chief Executive Officer.

Warner continued, "REG was recently named to the 2022 Carbon Clean200 list by Corporate Knights and As You Sow. As one of only two energy firms making the list, we are proud to be a leader in the transition to sustainability by providing low carbon fuels from renewable resources that help our customers achieve their climate goals NOW."

Fourth Quarter 2021 Highlights


The following information was filed by Renewable Energy Group, Inc. (REGI) on Tuesday, March 1, 2022 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Renewable Energy Group, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2022 10-K Annual Report includes:

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Inside Renewable Energy Group, Inc.'s 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Audit Information
Cover Page
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Comprehensive Income (Parenthetical)
Consolidated Statements Of Operations
Consolidated Statements Of Stockholders' Equity
Consolidated Statements Of Stockholders' Equity (Parenthetical)
Accrued Expenses And Other Liabilities
Accrued Expenses And Other Liabilities (Tables)
Accrued Expenses And Other Liabilities - Components (Details)
Accrued Expenses And Other Liabilities - Other Noncurrent Liabilities (Details)
Acquisitions
Acquisitions (Tables)
Acquisitions - Assets Acquired And Liabilities Assumed (Details)
Acquisitions - Narrative (Details)
Commitments And Contingencies
Commitments And Contingencies (Tables)
Commitments And Contingencies - Narrative (Details)
Commitments And Contingencies - Schedule Of Minimum Contract Commitments (Details)
Debt
Debt (Tables)
Debt - Components (Details)
Debt - Lines Of Credit (Details)
Debt - Narrative (Details)
Derivative Instruments
Derivative Instruments (Tables)
Derivative Instruments - Derivative Financial Instruments By Balance Sheet Location (Details)
Derivative Instruments - Gains (Losses) Included In The Statements Of Operations (Details)
Derivative Instruments - Narrative (Details)
Fair Value Measurement
Fair Value Measurement (Tables)
Fair Value Measurement - Estimated Fair Value (Details)
Fair Value Measurement - Summary Of Assets And Liabilities (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Deferred Tax Assets And Liabilities (Details)
Income Taxes - Effective Income Tax Rate Reconciliation (Details)
Income Taxes - Income Tax Benefit (Expense) (Details)
Income Taxes - Narrative (Details)
Income Taxes - Unrecognized Tax Benefits (Details)
Income Taxes - Valuation Allowance For Deferred Tax Assets (Details)
Intangible Assets
Intangible Assets (Tables)
Intangible Assets - Components (Details)
Intangible Assets - Estimated Amortization Expense (Details)
Intangible Assets - Narrative (Details)
Inventories
Inventories (Tables)
Inventories - (Details)
Leases
Leases (Tables)
Leases - Lease Expense (Details)
Leases - Maturity (Details)
Leases - Narrative (Details)
Marketable Securities
Marketable Securities (Details)
Marketable Securities (Tables)
Net Income (Loss) Per Share
Net Income (Loss) Per Share (Details)
Net Income (Loss) Per Share (Tables)
Organization, Presentation, And Nature Of The Business
Organization, Presentation, And Nature Of The Business - (Details)
Other Assets
Other Assets (Tables)
Other Assets - Other Noncurrent Assets (Details)
Other Assets - Prepaid Expenses And Other Assets (Details)
Property, Plant And Equipment
Property, Plant And Equipment (Tables)
Property, Plant And Equipment - (Details)
Reportable Segments And Geographic Information
Reportable Segments And Geographic Information (Tables)
Reportable Segments And Geographic Information - Geographic Information (Details)
Reportable Segments And Geographic Information - Significant Items By Reportable Segment (Details)
Stock-Based Compensation
Stock-Based Compensation (Tables)
Stock-Based Compensation - Narrative (Details)
Stock-Based Compensation - Performance Restricted Stock Units (Details)
Stock-Based Compensation - Restricted Stock Units (Details)
Stock-Based Compensation - Stock Appreciation Rights (Details)
Subsequent Events
Subsequent Events (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies - Accounts Receivable (Details)
Summary Of Significant Accounting Policies - Advertising Costs (Details)
Summary Of Significant Accounting Policies - Concentrations (Details)
Summary Of Significant Accounting Policies - Contract Balances (Details)
Summary Of Significant Accounting Policies - Convertible Debt (Details)
Summary Of Significant Accounting Policies - Disaggregation Of Revenue (Details)
Summary Of Significant Accounting Policies - Employee Benefits Plan (Details)
Summary Of Significant Accounting Policies - Equity Offering (Details)
Summary Of Significant Accounting Policies - Goodwill (Details)
Summary Of Significant Accounting Policies - Green Notes (Details)
Summary Of Significant Accounting Policies - Impairment Of Long-Lived Assets (Details)
Summary Of Significant Accounting Policies - Property, Plant And Equipment (Details)
Summary Of Significant Accounting Policies - Renewable Identification Numbers (Rins) (Details)
Summary Of Significant Accounting Policies - Restricted Cash (Details)
Summary Of Significant Accounting Policies - Security Repurchase Programs (Details)
Summary Of Significant Accounting Policies - Significant Changes In Contract Liabilities (Details)
Supplemental Quarterly Information (Unaudited)
Supplemental Quarterly Information (Unaudited) (Details)
Supplemental Quarterly Information (Unaudited) (Tables)
Ticker: REGI
CIK: 1463258
Form Type: 10-K Annual Report
Accession Number: 0001628280-22-004504
Submitted to the SEC: Tue Mar 01 2022 4:11:46 PM EST
Accepted by the SEC: Tue Mar 01 2022
Period: Friday, December 31, 2021
Industry: Industrial Organic Chemicals

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