ࡱ>  l \pThe Free Software Foundation B=PF0*8X@"1 Helvetica1Courier1 Courier New1 Courier New1 Helvetica$#,##0_);($#,##0)$#,##0_);[Red]($#,##0)$#,##0.00_);($#,##0.00)$#,##0.00_);[Red]($#,##0.00)-**_($* #,##0_);_($* (#,##0);_($* "-"_);_(@_)*)'_(* #,##0_);_(* (#,##0);_(* "-"_);_(@_)5,2_($* #,##0.00_);_($* (#,##0.00);_($* "-"??_);_(@_)2+/_(* #,##0.00_);_(* (#,##0.00);_(* "-"??_);_(@_)2$#,##0.00;[Red]$#,##0.003$#,##0.00;[Red]($#,##0.00)4$#,##0;[Red]($#,##00)50.00%;[Red](0.00%)6 0%;[Red](0%)7#,##0.00;[Red](#,##0.00)8#,##0;[Red](#,##0)                + ) , *   Ј ~~ ؈ ~~#؈ ~~ ؈ ~~8#܈ ~~9#܈ ~~4#܈ ~~3#܈ ~~7#܈ ~~83ffff̙̙3f3fff3f3f33333f33 MGP INGREDIENTS INC INDEX%Income Statemento9Income Statement (1)$D Balance Sheetd Cash FlowsShareholders Equity4 Inventory Disaggregation of Revenue Topic 606&Summary Financial Information ulIndebtedness Outstandingp Note 6 EPS }Note 9 Operating Segments$Note 9 Operating Segments (1)Consolidated resultslOperating income Earnings per share EPS +Distillery ProductsDIngredient Solutions0ZCash Flow Summary&?tDividends and Dividend Equivale&)ISSUER PURCHASES OF EQUITY SECU l  S  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??INDEXIncome StatementIncome Statement (1) Balance Sheet Cash FlowsShareholders Equity InventoryDisaggregation of Revenue Topic 606!Summary Financial Information uIndebtedness Outstanding Note 6 EPSNote 9 Operating SegmentsNote 9 Operating Segments (1)Consolidated resultsOperating income Earnings per share EPS Distillery ProductsIngredient SolutionsCash Flow Summary!Dividends and Dividend Equivale!ISSUER PURCHASES OF EQUITY SECUU } 6} +      MGP INGREDIENTS INC 10-Q 05/02/2018MGP INGREDIENTS, INC.   KANSAS  45-40825315 -(State or other jurisdiction of incorporation, $(I.R.S. Employer Identification No.) or organization)  /'100 Commercial Street, Atchison, Kansas~ J0((Address of principal executive offices) (Zip Code)$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.Wvj^F@=PF0*8X> @ l  7$  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MGP INGREDIENTS INCIncome StatementIncome Statement (1) Balance Sheet Cash FlowsShareholders Equity InventoryDisaggregation of Revenue Topic 606!Summary Financial Information uIndebtedness Outstanding Note 6 EPSNote 9 Operating SegmentsNote 9 Operating Segments (1)Consolidated resultsOperating income Earnings per share EPS Distillery ProductsIngredient SolutionsCash Flow Summary!Dividends and Dividend Equivale!ISSUER PURCHASES OF EQUITY SECUU } $ } y } :}  7     MGP INGREDIENTS INC 10-Q 05/02/2018 INDEX    % PART I. FINANCIAL INFORMATION Page    Item 1.3 +Condensed Consolidated Financial Statements     ,$Condensed Consolidated Statements of~ Income,$Condensed Consolidated Statements of~ Comprehensive Income-%Condensed Consolidated Balance Sheets~ ,$Condensed Consolidated Statements of~  Cash Flows3+Condensed Consolidated Statement of Changes~ in Stockholders? Equity1)Notes to Unaudited Condensed Consolidated~ "Financial StatementsItem 2.,$Management?s Discussion and Analysis~ F80of Financial Condition and Results of OperationsItem 3.0(Quantitative and Qualitative Disclosures~ fAbout Market RiskDlzn>[}2uF>Y !"#$%&'()*+,-./0123456  Item 4. Controls and Procedures~ f!!!!""PART II. OTHER INFORMATION"##$$Item 1.$Legal Proceedings~ $j%%%%&&Item 1A.& Risk Factors~ &j''''((Item 2./('Unregistered Sales of Equity Securities~ (j)))and Use of Proceeds****++Item 3.'+Defaults Upon Senior Securities~ +j,,,,--Item 4.-Mine Safety Disclosures~ -j....//Item 5./Other Information~ /j000011Item 6.1Exhibits~ 1n23$4____________________________15)Created by Morningstar Document Research.06(http://documentresearch.morningstar.com/2N6vF'w-|=PF0*8X> @665544""  l  +37  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MGP INGREDIENTS INCINDEXIncome Statement (1) Balance Sheet Cash FlowsShareholders Equity InventoryDisaggregation of Revenue Topic 606!Summary Financial Information uIndebtedness Outstanding Note 6 EPSNote 9 Operating SegmentsNote 9 Operating Segments (1)Consolidated resultsOperating income Earnings per share EPS Distillery ProductsIngredient SolutionsCash Flow Summary!Dividends and Dividend Equivale!ISSUER PURCHASES OF EQUITY SECUU } y<} $ +                                 MGP INGREDIENTS INC 10-Q 05/02/2018Income Statement             Quarter Ended    March 31,   March 31,  ~  ~   Net sales ~ R^  ~ R Cost of sales (a)~ 66~ ( Gross profit~ (~ )4,Selling, general and administrative expenses~ ʅ~ w("SG&A")Operating income~ V~ /'Equity method investment earnings (Note -~ ^~ Interest expense, net~ ~ "Income before income taxes~ ~ 2#Income tax expense (Note 5)~ ~ , Net income~ ~~ ,$Income attributable to participating~ ~  securities6.Net income attributable to common shareholders~ ˆ~ :2and used in earnings per share ("EPS") calculation(Note 6)D l{ocx8n r ~,v8 ! " # $ % & ' ( ) *  Share information:    1!)Basic and Diluted weighted average common!~ !!!~ ! !"shares#####3$+Basic and diluted earnings per common share$$p= ף?$$$?$.%&Dividends and dividend equivalents per%%{Gz?%%%{Gz?%& common share'$(____________________________1))Created by Morningstar Document Research.0*(http://documentresearch.morningstar.com/1X=PF0*8X> @2&**))((%%%%$$$$!!!!        l  C  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MGP INGREDIENTS INCINDEXIncome Statement Balance Sheet Cash FlowsShareholders Equity InventoryDisaggregation of Revenue Topic 606!Summary Financial Information uIndebtedness Outstanding Note 6 EPSNote 9 Operating SegmentsNote 9 Operating Segments (1)Consolidated resultsOperating income Earnings per share EPS Distillery ProductsIngredient SolutionsCash Flow Summary!Dividends and Dividend Equivale!ISSUER PURCHASES OF EQUITY SECUU } -} $      MGP INGREDIENTS INC 10-Q 05/02/2018Income Statement           Quarter Ended   March 31,   March 31, ~  ~   Net income~ ~  ~  -%Other comprehensive loss, net of tax:*"Change in post-employment benefits~ ~ fOther, net of tax -~  Other comprehensive loss~ ~ ^Comprehensive income~ J~ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4Z{ochO/#=PF0*8X> @        l  D$S=arb  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MGP INGREDIENTS INCINDEXIncome StatementIncome Statement (1) Cash FlowsShareholders Equity InventoryDisaggregation of Revenue Topic 606!Summary Financial Information uIndebtedness Outstanding Note 6 EPSNote 9 Operating SegmentsNote 9 Operating Segments (1)Consolidated resultsOperating income Earnings per share EPS Distillery ProductsIngredient SolutionsCash Flow Summary!Dividends and Dividend Equivale!ISSUER PURCHASES OF EQUITY SECUU } 7} $ D                                 MGP INGREDIENTS INC 10-Q 05/02/2018 Balance Sheet             March 31,   December 31,  ~  ~  Current Assets    ! Cash and cash equivalents ~   ~ 20 0(Receivables (less allowance for doubtful~ ~ 0(accounts: March 31, 2018 - $24; December31, 2017 - $24) Inventory~ ~ vPrepaid expenses~ 1~ "Refundable income taxes~ ~ Total current assets~ jv~ Z9Property and equipment~ ~ bP6.Less accumulated depreciation and amortization~ &~ #Property and equipment, net~  Y~ .J Other assets~ '~ ' Total assets~ n~ "Current Liabilities,$Current maturities of long-term debt~ ~ Accounts payable~ ڀ~ VAccrued expenses~ o~ D l~rfi.~; 4- ! " # $ % & ' ( ) * + , - . / 0 1 2 3 4 5 6 7 8 9 : ; < = > ? ! Total current liabilities ~   ~  !!!!!/"'Long-term debt, less current maturities"~ "M""~ "~N"!#Revolving credit facility#~ #¤##~ #^+#$Deferred credits$~ $:$$~ $!$5%-Accrued retirement, health and life insurance%~ %Z/%%~ %0%&benefits$'Other noncurrent liabilities'~ 'z''~ 'r'(Deferred income taxes(~ (((~ (2()Total liabilities)~ )B))~ )^)*****+Contingencies (Note 7)++++++,Stockholders? Equity,,,,,,- Capital stock-------.%Preferred, 5% non-cumulative; $10 par.~ ...~ .../&value; authorized 1,000 shares; issued"0and outstanding 437 shares1 Common stock11111132+No par value; authorized 40,000,000 shares;2~ 2h22~ 2h223*issued 18,115,965 shares at March 31, 201814)and December 31, 2017, and 16,844,596 and.5&16,797,420 shares outstanding at March46,31, 2018 and December 31, 2017, respectively"7Additional paid-in capital7~ 7~77~ 7b78Retained earnings8~ 8j 88~ 8f3 8,9$Accumulated other comprehensive loss9~ 999~ 9&9:Treasury stock, at cost::::::1;)Shares of 1,271,369 at March 31, 2018 and;~ ;;;~ ;;&<1,318,545 at December 31, 2017"=Total stockholders? equity=~ =r ==~ =jL =2>*Total liabilities and stockholders? equity>~ >n>>~ >">?D lScvbr ,tTAZ=@ A B C @$A____________________________1B)Created by Morningstar Document Research.0C(http://documentresearch.morningstar.com/ <=PF0*8X> @CCCBBAA>>>>====;;;;9999888877772222....))))((((''''%%%%$$$$####""""         l  8t~  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MGP INGREDIENTS INCINDEXIncome StatementIncome Statement (1) Balance SheetShareholders Equity InventoryDisaggregation of Revenue Topic 606!Summary Financial Information uIndebtedness Outstanding Note 6 EPSNote 9 Operating SegmentsNote 9 Operating Segments (1)Consolidated resultsOperating income Earnings per share EPS Distillery ProductsIngredient SolutionsCash Flow Summary!Dividends and Dividend Equivale!ISSUER PURCHASES OF EQUITY SECUU } 7} $ 8                                 MGP INGREDIENTS INC 10-Q 05/02/2018 Cash Flows             Quarter Ended    March 31,   March 31,  ~  ~ , $Cash Flows from Operating Activities     Net income~ ~~ .&Adjustments to reconcile net income to0(net cash provided by (used in) operating activities:%Depreciation and amortization~ -~ *Deferred income taxes~ ^~ Z Share-based compensation~ ~ )!Equity method investment earnings -~ 4,Changes in Operating Assets and Liabilities:Receivables, net~ ~  _ Inventory~ ~ ZPrepaid expenses~ N~ jAccounts payable~  ~ F*"Accounts payable to affiliate, net -~ Accrued expenses~ ^~ Income taxes payable~ b~ 2Deferred credit~ ~ 4,Accrued retirement health and life insurance~ :~ >D lui~>|Bem<[ ! " # $ % & ' ( ) * + , - . / 0 1 2 3 4 5 6 7  benefits0!(Net cash provided by (used in) operating!~ ! !!~ !J!" activities,#$Cash Flows from Investing Activities######2$*Additions to plant, property and equipment$~ $$$~ $*$% Other, net%~ % %% %-%-&%Net cash used in investing activities&~ &&&~ &*&,'$Cash Flows from Financing Activities''''''6(.Purchase of treasury stock for tax withholding(~ (((~ (V(#)on share-based compensation5*-Payment of dividends and dividend equivalents*~ ***~ *B*,+$Principal payments on long-term debt+~ +++~ ++&,Proceeds from credit agreement,~ ,x,,~ ,,$-Payments on credit agreement- ----~ --1.)Net cash provided by financing activities.~ .A..~ .[.-/%Decrease in cash and cash equivalents/~ /^//~ /~//0'Cash and cash equivalents, beginning of0~ 02000~ 001period02(Cash and cash equivalents, end of period2~ 222 2$-234$5____________________________16)Created by Morningstar Document Research.07(http://documentresearch.morningstar.com/4) lV\~YXoq`TH =PF0*8X> @>77665522220000////....----,,,,++++****((((&&&&%%%%$$$$!!!!      l  W  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MGP INGREDIENTS INCINDEXIncome StatementIncome Statement (1) Balance Sheet Cash Flows InventoryDisaggregation of Revenue Topic 606!Summary Financial Information uIndebtedness Outstanding Note 6 EPSNote 9 Operating SegmentsNote 9 Operating Segments (1)Consolidated resultsOperating income Earnings per share EPS Distillery ProductsIngredient SolutionsCash Flow Summary!Dividends and Dividend Equivale!ISSUER PURCHASES OF EQUITY SECUU } 7} $      MGP INGREDIENTS INC 10-Q 05/02/2018Shareholders' Equity                                Capital   Common Stock   Additional  Retained   Accumulated  Treasury  Total   Stock      Paid-In  Earnings  Other  Stock    Preferred      Capital       Comprehensive                   Loss"Balance, December 31, 2017~ ~ h ~  b  ~ f3 ~ &~ ~ jL Comprehensive income:    Net income - -   -  ~ ~ - -~ ~ Other comprehensive loss - -   -   -~  -~ /'Dividends and dividend equivalents, net - -   -  ~  - -~  of estimated forfeitures Share-based compensation - - ~  r   - - -~ r2*Stock shares awarded, forfeited, or vested - - ~     - -~ ~ .6.Purchase of treasury stock for tax withholding - -   -   - -~ ~ #on share-based compensationBalance, March 31, 2018~ ~ h ~  ~  ~ j ~ ~ ~ r $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/@ Dwk_@oWsJJ#=PF0*8X> @ZK                      l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MGP INGREDIENTS INCINDEXIncome StatementIncome Statement (1) Balance Sheet Cash FlowsShareholders EquityDisaggregation of Revenue Topic 606!Summary Financial Information uIndebtedness Outstanding Note 6 EPSNote 9 Operating SegmentsNote 9 Operating Segments (1)Consolidated resultsOperating income Earnings per share EPS Distillery ProductsIngredient SolutionsCash Flow Summary!Dividends and Dividend Equivale!ISSUER PURCHASES OF EQUITY SECUU } 1} $                          MGP INGREDIENTS INC 10-Q 05/02/2018 Inventory.             March 31,   December 31,  ~  ~  Finished goods ~   ~  1 )Barreled distillate (bourbon and whiskey) ~ r%  ~   Raw materials~ R~ =Work in process~ Z~ >Maintenance materials~ bt~ bq Other~ ^~  Total~ ~ v$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4uil LzR=PF0*8X> @         l  #)  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MGP INGREDIENTS INCINDEXIncome StatementIncome Statement (1) Balance Sheet Cash FlowsShareholders Equity Inventory Topic 606!Summary Financial Information uIndebtedness Outstanding Note 6 EPSNote 9 Operating SegmentsNote 9 Operating Segments (1)Consolidated resultsOperating income Earnings per share EPS Distillery ProductsIngredient SolutionsCash Flow Summary!Dividends and Dividend Equivale!ISSUER PURCHASES OF EQUITY SECUU } a/} $ }  #                                 MGP INGREDIENTS INC 10-Q 05/02/2018"Disaggregation of Revenue.            NET SALES   Quarter Ended March 31,  ~  ~  (a) Distillery Products     Premium beverage alcohol~ ~ "Industrial alcohol~ B.~ *Food grade alcohol~ ~ Fuel grade alcohol~ ~ /'Distillers feed and related co-products~ Ba~ LWarehouse services~ ,~ (!Total distillery products~ &~ zIngredient Solutions Specialty wheat starches~ Fj~ d Specialty wheat proteins~ J~ jDCommodity wheat starch~ ~  Commodity wheat protein -~ j"Total ingredient solutions~ .~ Total net sales~ R^~ RD l}qeYBE\_1 ! " $ ____________________________1!)Created by Morningstar Document Research.0"(http://documentresearch.morningstar.com/ (=PF0*8X> @ !""!!      l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MGP INGREDIENTS INCINDEXIncome StatementIncome Statement (1) Balance Sheet Cash FlowsShareholders Equity InventoryDisaggregation of Revenue!Summary Financial Information uIndebtedness Outstanding Note 6 EPSNote 9 Operating SegmentsNote 9 Operating Segments (1)Consolidated resultsOperating income Earnings per share EPS Distillery ProductsIngredient SolutionsCash Flow Summary!Dividends and Dividend Equivale!ISSUER PURCHASES OF EQUITY SECUU } a/} $ }                              MGP INGREDIENTS INC 10-Q 05/02/2018 Topic 606.            NET SALES   Quarter Ended March 31,  ~  ~  (a) Distillery Products    /'Products transferred at a point in time~ :]~ ~Z&Services transferred over time~ ,~ (!Total distillery products~ &~ zIngredient Solutions/'Products transferred at a point in time~ .~ Total net sales~ R^~ R$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/:uiRaV=PF0*8X> @     l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MGP INGREDIENTS INCINDEXIncome StatementIncome Statement (1) Balance Sheet Cash FlowsShareholders Equity InventoryDisaggregation of Revenue Topic 606Indebtedness Outstanding Note 6 EPSNote 9 Operating SegmentsNote 9 Operating Segments (1)Consolidated resultsOperating income Earnings per share EPS Distillery ProductsIngredient SolutionsCash Flow Summary!Dividends and Dividend Equivale!ISSUER PURCHASES OF EQUITY SECUU } $} $      MGP INGREDIENTS INC 10-Q 05/02/20182*Summary Financial Information (unaudited).        Quarter Ended March 31,  ~  ICP?s Operating results:    Net sales (a) ~ W &Cost of sales and expenses (b)~ :? Net income~ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.ymaUI p1e=PF0*8X> @B    l  I  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MGP INGREDIENTS INCINDEXIncome StatementIncome Statement (1) Balance Sheet Cash FlowsShareholders Equity InventoryDisaggregation of Revenue Topic 606!Summary Financial Information u Note 6 EPSNote 9 Operating SegmentsNote 9 Operating Segments (1)Consolidated resultsOperating income Earnings per share EPS Distillery ProductsIngredient SolutionsCash Flow Summary!Dividends and Dividend Equivale!ISSUER PURCHASES OF EQUITY SECUU } 6} $      MGP INGREDIENTS INC 10-Q 05/02/2018!Indebtedness Outstanding:         Description (a)  March 31,   December 31, ~  ~ 5 -Credit Agreement - Revolver, 3.281% (variable~ ~  ~ 3  rate) due 20220(Secured Promissory Note, 3.71% (variable~ J~ rate) due 20221)Prudential Note Purchase Agreement, 3.53%~ 8~ 8(fixed rate) due 2027!Unamortized loan fees (b)~ j~  Total~ ~ 1)Less current maturities of long term debt~ &~ 2Long-term debt~ ~ y$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/:~rfZrkQV6*=PF0*8X> @       l  h  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MGP INGREDIENTS INCINDEXIncome StatementIncome Statement (1) Balance Sheet Cash FlowsShareholders Equity InventoryDisaggregation of Revenue Topic 606!Summary Financial Information uIndebtedness OutstandingNote 9 Operating SegmentsNote 9 Operating Segments (1)Consolidated resultsOperating income Earnings per share EPS Distillery ProductsIngredient SolutionsCash Flow Summary!Dividends and Dividend Equivale!ISSUER PURCHASES OF EQUITY SECUU } 7} $                                MGP INGREDIENTS INC 10-Q 05/02/2018 Note 6. EPS.             Quarter Ended    March 31,   March 31,  ~  ~   Operations:    Net income (a)~ ~~ ,$Income attributable to participating~ ~ securities (b)6.Net income attributable to common shareholders~ ˆ~ Share information:1)Basic and diluted weighted average common~ ~   shares (c)Basic and diluted EPSp= ף??$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/@Dsg|<s7hReYM%=PF0*8X> @      l  $D  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MGP INGREDIENTS INCINDEXIncome StatementIncome Statement (1) Balance Sheet Cash FlowsShareholders Equity InventoryDisaggregation of Revenue Topic 606!Summary Financial Information uIndebtedness Outstanding Note 6 EPSNote 9 Operating Segments (1)Consolidated resultsOperating income Earnings per share EPS Distillery ProductsIngredient SolutionsCash Flow Summary!Dividends and Dividend Equivale!ISSUER PURCHASES OF EQUITY SECUU } <(} $ $                                 MGP INGREDIENTS INC 10-Q 05/02/2018#Note 9. Operating Segments.             Quarter Ended    March 31,   March 31,  ~  ~  Net Sales to Customers    Distillery products~ &~ zIngredient solutions~ .~  Total~ R^~ R Gross ProfitDistillery products~ ~ Ingredient solutions~ &0~ % Total~ (~ )%Depreciation and AmortizationDistillery products~ #~ Ingredient solutions~ ~ b Corporate~ ~ r Total~ -~ *)!Income (loss) before Income TaxesDistillery products~ ~ zIngredient solutions~ %~ 2 Corporate~ ~  Total~ ~ 2DA l|pdXm-p_+g=u  ! " #  $!____________________________1")Created by Morningstar Document Research.0#(http://documentresearch.morningstar.com/ <=PF0*8X> @"$##""!!      l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MGP INGREDIENTS INCINDEXIncome StatementIncome Statement (1) Balance Sheet Cash FlowsShareholders Equity InventoryDisaggregation of Revenue Topic 606!Summary Financial Information uIndebtedness Outstanding Note 6 EPSNote 9 Operating SegmentsConsolidated resultsOperating income Earnings per share EPS Distillery ProductsIngredient SolutionsCash Flow Summary!Dividends and Dividend Equivale!ISSUER PURCHASES OF EQUITY SECUU } } $                       MGP INGREDIENTS INC 10-Q 05/02/2018#Note 9. Operating Segments.            As of March 31, 2018  As of December 31, 2017 Identifiable Assets     Distillery products ~ b   ~ f   Ingredient solutions ~   ~ Z  Corporate~ .~ f9 Total~ n~ "$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.|pdX6_a=PF0*8X> @j        l     dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MGP INGREDIENTS INCINDEXIncome StatementIncome Statement (1) Balance Sheet Cash FlowsShareholders Equity InventoryDisaggregation of Revenue Topic 606!Summary Financial Information uIndebtedness Outstanding Note 6 EPSNote 9 Operating SegmentsNote 9 Operating Segments (1)Operating income Earnings per share EPS Distillery ProductsIngredient SolutionsCash Flow Summary!Dividends and Dividend Equivale!ISSUER PURCHASES OF EQUITY SECUU } +} $ } $} $ } $} $ } U} $}                                  MGP INGREDIENTS INC 10-Q 05/02/2018Consolidated results              Quarter Ended March 31,   ~  ~    2018 v. 2017   Net sales~ R^  ~ R   ? %   Cost of sales~ 66  ~ (   ?   Gross profit~ (~ )    Gross margin %5@ %5@ % 333333ӿ  pp (a),$Selling, general, and administrative~ ʅ~ w '@  ("SG&A") expensesOperating income~ V~  !   Operating margin %'@ %333333*@ %    pp)!Equity method investment earnings -~ ^~  r  Interest expense, net~ ~  B  "Income before income taxes~ ~ 2 ffffff'  Income tax expense~ ~ ,~  "  ' Effective tax expense rate %(@ %333338@ % (   pp Net income~ ~~  333333@  %  Net income margin %333333$@ %~ * % ?   pp$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/D lwk_$ {2BEe=PF0*8X> @#           l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MGP INGREDIENTS INCINDEXIncome StatementIncome Statement (1) Balance Sheet Cash FlowsShareholders Equity InventoryDisaggregation of Revenue Topic 606!Summary Financial Information uIndebtedness Outstanding Note 6 EPSNote 9 Operating SegmentsNote 9 Operating Segments (1)Consolidated resultsEarnings per share EPS Distillery ProductsIngredient SolutionsCash Flow Summary!Dividends and Dividend Equivale!ISSUER PURCHASES OF EQUITY SECUU } 8} $ }  } $}                           MGP INGREDIENTS INC 10-Q 05/02/2018Operating income -         / 'Operating income quarter-versus-quarter  Operating Income  Change . &Operating income for the quarter ended ~      March 31, 20176 .Decrease in gross profit - distillery products ~ ^     pp (b) segment (a)7/Increase in gross profit - ingredient solutions~ > @ pp segment (a)!Increase in SG&A expenses~ ~  pp.&Operating income for the quarter ended~ V! %March 31, 2018$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4.ymap>'wiOC=PF0*8X> @R      l  *  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MGP INGREDIENTS INCINDEXIncome StatementIncome Statement (1) Balance Sheet Cash FlowsShareholders Equity InventoryDisaggregation of Revenue Topic 606!Summary Financial Information uIndebtedness Outstanding Note 6 EPSNote 9 Operating SegmentsNote 9 Operating Segments (1)Consolidated resultsOperating income Distillery ProductsIngredient SolutionsCash Flow Summary!Dividends and Dividend Equivale!ISSUER PURCHASES OF EQUITY SECUU } 6Change in basic and diluted EPS quarter-versus-quarter  Basic and Diluted EPS  Change 3 +Basic and diluted EPS for the quarter ended  ?     March 31, 2017 Change in operations (a)  {Gz  ~   pp (b)7/Change in equity method investment earnings (a){Gz~  pp+#Change in interest expense, net (a){Gz?~   pp4,Tax: Net effect of the tax benefit on vested{Gz?~   pp share-based compensation4,Tax: Change in effective tax rate (excludingQ?~ : pptax item above)5-Change in weighted average shares outstanding{Gz~  pp3+Basic and diluted EPS for the quarter endedp= ף?~  %March 31, 2018$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/:b {ocWR-qMqWK#=PF0*8X> @j      l  #AB  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MGP INGREDIENTS INCINDEXIncome StatementIncome Statement (1) Balance Sheet Cash FlowsShareholders Equity InventoryDisaggregation of Revenue Topic 606!Summary Financial Information uIndebtedness Outstanding Note 6 EPSNote 9 Operating SegmentsNote 9 Operating Segments (1)Consolidated resultsOperating income Earnings per share EPS Ingredient SolutionsCash Flow Summary!Dividends and Dividend Equivale!ISSUER PURCHASES OF EQUITY SECUU } a/} $ } $} $ } $}  $ } } $} } U} $}  #     MGP INGREDIENTS INC 10-Q 05/02/2018Distillery Products                     PRODUCT GROUP NET SALES   Quarter Ended March 31, / 'Quarter-versus-Quarter Net Sales Change . &Quarter-versus-Quarter Volume Increase           Increase / (Decrease)   / (Decrease) ~  ~   $ Change  % Change  % Change AmountAmount      Premium beverage alcohol~ ~ "~  ~   333333  %Industrial alcohol~ B.~ *~  v   333333?Food grade alcohol (a)~ ~ ~     Fuel grade alcohol (a)~ ~ ~  v   +@/'Distillers feed and related co-products~ Ba~ L~  Z   :@Warehouse services~ ,~ (~     333333#@!Total distillery products~ &~ z~     333333? %ffffff@ % (a)      #Other Financial InformationQuarter Ended March 31,4 ,Quarter-versus-Quarter Increase / (Decrease)~ ~  $ Change  % Change      Gross profit~ ~ ~  ^    %Gross margin %L5@ %6@ %    333333pp (b)D#lxl`|A8x!:hx|%Qu !"$ ____________________________1!)Created by Morningstar Document Research.0"(http://documentresearch.morningstar.com/ (=PF0*8X> @1""!!                       l   OX  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MGP INGREDIENTS INCINDEXIncome StatementIncome Statement (1) Balance Sheet Cash FlowsShareholders Equity InventoryDisaggregation of Revenue Topic 606!Summary Financial Information uIndebtedness Outstanding Note 6 EPSNote 9 Operating SegmentsNote 9 Operating Segments (1)Consolidated resultsOperating income Earnings per share EPS Distillery ProductsCash Flow Summary!Dividends and Dividend Equivale!ISSUER PURCHASES OF EQUITY SECUU } } $ } $} $ } $}  $ } U} $} }  } $      MGP INGREDIENTS INC 10-Q 05/02/2018Ingredient Solutions                    PRODUCT GROUP NET SALES  Quarter Ended March 31, / 'Quarter-versus-Quarter Net Sales Change . &Quarter-versus-Quarter Volume Increase          Increase / (Decrease)   / (Decrease) ~  ~   $ Change  % Change  % ChangeAmountAmount      Specialty wheat starches~ Fj~ d~  *   ffffff@ % Specialty wheat proteins~ J~ jD~     ffffff @ Commodity wheat starches~ ~  ~  J    Commodity wheat proteins -~ j~    ~  r"Total ingredient solutions~ .~ ~     @ % %   #Other Financial InformationQuarter Ended March 31,4 ,Quarter-versus-Quarter Increase / (Decrease)~ ~  $ Change  % Change      Gross profit~ &0~ %~  >   ~  n %Gross margin %333336@ %ffffff2@ %    333333@pp (a)$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/Dlwk_XgN-WBrfZ2=PF0*8X> @Z+                    l  -?kq  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MGP INGREDIENTS INCINDEXIncome StatementIncome Statement (1) Balance Sheet Cash FlowsShareholders Equity InventoryDisaggregation of Revenue Topic 606!Summary Financial Information uIndebtedness Outstanding Note 6 EPSNote 9 Operating SegmentsNote 9 Operating Segments (1)Consolidated resultsOperating income Earnings per share EPS Distillery ProductsIngredient Solutions!Dividends and Dividend Equivale!ISSUER PURCHASES OF EQUITY SECUU } :}  $ -                                 MGP INGREDIENTS INC 10-Q 05/02/2018Cash Flow Summary.                 Quarter Ended      March 31,   March 31, " Changes quarter v. quarter  ~  ~ 8 0Cash provided by (used in) operating activities:      6.Net income, after giving effect to adjustments~ :~ n ~   4,to reconcile net income to net cash providedby operating activitiesReceivables, net~ ~  _ ~    Inventory~ ~ Z ~  . Accrued expenses~ ^~  ~   Income taxes payable~ b~ 2 ~   -%Accounts payable and accounts payable~  ~  ~  > to affiliate, net Other, net~ "~  ~   ~  ~ J ~  v *"Cash used in investing activities:  3+Additions to property, plant, and equipment~ ~ * ~    Other~   - ~    ~ ~ * ~   .&Cash provided by financing activities:  6.Purchase of treasury stock for tax withholding~ ~ V ~  J #on share-based compensationD lyma|8T1Y<6 ! " # $ % & ' ( ) * + ,  Payment of dividends ~   ~ B  ~ F $!Proceeds (payments) on debt:!!!!! ! ,"$Principal payments on long-term debt"~ """~ """ ~ " " &#Proceeds from credit agreement#~ #x##~ ### ~ # # $$Payments on credit agreement$ $-$$~ $$$ ~ $ 6+$ (% Proceeds (payments) on debt, net%~ %w%%~ %zw%% ~ %  % &&~ &A&&~ &[&& ~ & & -'%Decrease in cash and cash equivalents'~ '^''~ '~'' ~ ' ' ()$*____________________________1+)Created by Morningstar Document Research.0,(http://documentresearch.morningstar.com/En\' h\P(=PF0*8X> @B,, ++ ** '''''' &&&&&& %%%%%% $$$$$$ ###### """"""                    l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MGP INGREDIENTS INCINDEXIncome StatementIncome Statement (1) Balance Sheet Cash FlowsShareholders Equity InventoryDisaggregation of Revenue Topic 606!Summary Financial Information uIndebtedness Outstanding Note 6 EPSNote 9 Operating SegmentsNote 9 Operating Segments (1)Consolidated resultsOperating income Earnings per share EPS Distillery ProductsIngredient SolutionsCash Flow Summary!ISSUER PURCHASES OF EQUITY SECUU } 0} $ } m} $ } } $      MGP INGREDIENTS INC 10-Q 05/02/2018+#Dividends and Dividend Equivalents.                      4 ,Dividend and Dividend Equivalent Information    (per Share and Unit) Declaration date   Record date   Payment date  Declared  Paid  Total dividend payment 0 (Total dividend equivalent payment (a)(b) ~              February 21, 2018 March 9, 2018March 23, 2018{Gz?  {Gz?  ~ ~ j{Gz?  {Gz?  ~ ~ j~    February 15, 2017 March 1, 2017March 24, 2017{Gz?  {Gz?  ~ r ~ N{Gz?  {Gz?  ~ r ~ N$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4" th\PH cOg[O'=PF0*8X> @          l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??MGP INGREDIENTS INCINDEXIncome StatementIncome Statement (1) Balance Sheet Cash FlowsShareholders Equity InventoryDisaggregation of Revenue Topic 606!Summary Financial Information uIndebtedness Outstanding Note 6 EPSNote 9 Operating SegmentsNote 9 Operating Segments (1)Consolidated resultsOperating income Earnings per share EPS Distillery ProductsIngredient SolutionsCash Flow Summary!Dividends and Dividend EquivaleU } 2} $ }  } $ } } $ } $} $ } y} $      MGP INGREDIENTS INC 10-Q 05/02/2018-%ISSUER PURCHASES OF EQUITY SECURITIES                  (1) Total   (2) Average 7 /(3) Total Number of Shares (or Units) Purchased   (4) Maximum    Number of   Price Paid 7 /as Part of Publicly Announced Plans or Programs   Number (or    Shares (or   per Share (or      Approximate   Units)  Unit)     Dollar Value) of Purchased    Shares (or Units)    that May Yet Be    Purchased Under     the Plans or    Programs0(January 1, 2018 through January 31, 2018 - -  -   2*February 1, 2018 through February 28, 2018~ u (a)U@  -  ~  [V ,$March 1, 2018 through March 31, 2018 - -  -    Total~ u  -   $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/< ~rfZN4]_,u=PF0*8X> @                Root Entry FBook  1  !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~