As of March 31, 2012, Rentech had consolidated cash of $247.1 million, of which $72.9 million was held at Rentech Nitrogen.Consolidated selling, general and administrative (SG&A) expenses were $10.4 million for the three months ended March 31, 2012, compared to $7.7 million for the comparable period in the prior year. Current period SG&A expenses were comprised of $7.8 million for the alternative energy business and $2.6 million for the nitrogen fertilizer business, compared to $6.6 million and $1.1 million, respectively, for the prior-year period. The net increase in SG&A expenses for the alternative energy segment was attributable to an increase in non-cash compensation expense of $1.4 million; net cash SG&A expenses declined by $0.2 million. The $1.5 million increase in SG&A expenses for the nitrogen products manufacturing segment was due to costs associated with Rentech Nitrogen having become a publicly traded limited partnership.
Rentech Reports Results For The First Quarter Of 2012
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