HIGHWATER ETHANOL LLC Financial Statements (2025 and earlier)
Company Profile
| Business Address |
24500 US HIGHWAY 14 LAMBERTON, MN 56152 |
| State of Incorp. | |
| Fiscal Year End | October 31 |
| Industry (SIC) | 286 - Industrial Organic Chemicals (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 7/31/2024 MRQ | 1/31/2024 MRQ | 10/31/2023 | 10/31/2022 | 10/31/2021 | 10/31/2020 | 10/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 22,833 | 41,520 | 29,790 | 7,549 | 667 | 1,639 | |||
| Cash and cash equivalents | 22,833 | 41,520 | 29,790 | 7,549 | 667 | 1,639 | |||
| Receivables | 2,636 | 2,935 | 3,970 | 7,789 | 3,798 | 2,962 | |||
| Inventory, net of allowances, customer advances and progress billings | 16,036 | 16,113 | 19,198 | 14,748 | 10,678 | 7,367 | |||
| Inventory | 16,036 | 16,113 | 19,198 | 14,748 | 10,678 | 7,367 | |||
| Prepaid expense | 646 | 756 | 989 | 720 | 302 | 166 | |||
| Derivative instruments and hedges, assets | 509 | 923 | 744 | 368 | 260 | 470 | |||
| Total current assets: | 42,661 | 62,248 | 54,691 | 31,174 | 15,705 | 12,604 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 31,633 | 32,279 | 40,424 | 48,680 | 52,709 | 58,475 | |||
| Other noncurrent assets | 6,434 | 6,512 | 6,073 | 6,488 | 5,316 | 2,944 | |||
| Total noncurrent assets: | 38,067 | 38,791 | 46,497 | 55,167 | 58,025 | 61,418 | |||
| TOTAL ASSETS: | 80,728 | 101,039 | 101,188 | 86,341 | 73,730 | 74,023 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 15,421 | 20,323 | 21,590 | 18,063 | 9,662 | 8,064 | |||
| Accounts payable | 14,276 | 18,760 | 20,068 | 16,791 | 8,614 | 6,908 | |||
| Accrued liabilities | 1,145 | 1,563 | 1,522 | 1,272 | 1,048 | 1,156 | |||
| Deferred revenue | 35 | ||||||||
| Debt | 134 | 132 | 125 | 3,110 | 2,947 | 2,730 | |||
| Other undisclosed current liabilities | 69 | 75 | 158 | 149 | 141 | ||||
| Total current liabilities: | 15,624 | 20,565 | 21,873 | 21,322 | 12,750 | 10,794 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 746 | 780 | 912 | 1,804 | 11,417 | 7,244 | |||
| Long-term debt, excluding current maturities | 499 | 9,845 | 7,244 | ||||||
| Finance lease, liability | 746 | 780 | 912 | 1,037 | 1,155 | ||||
| Liabilities, other than long-term debt | 110 | ||||||||
| Operating lease, liability | 110 | 268 | 417 | ||||||
| Other undisclosed noncurrent liabilities | (268) | (417) | |||||||
| Total noncurrent liabilities: | 746 | 780 | 1,022 | 1,804 | 11,417 | 7,244 | |||
| Total liabilities: | 16,370 | 21,345 | 22,895 | 23,126 | 24,167 | 18,038 | |||
| Equity | |||||||||
| Other undisclosed equity | 55,984 | ||||||||
| Total equity: | 55,984 | ||||||||
| Other undisclosed liabilities and equity | 64,357 | 79,693 | 78,293 | 63,215 | 49,563 | ||||
| TOTAL LIABILITIES AND EQUITY: | 80,728 | 101,039 | 101,188 | 86,341 | 73,730 | 74,023 | |||
Income Statement (P&L) ($ in thousands)
| 7/31/2024 TTM | 1/31/2024 TTM | 10/31/2023 | 10/31/2022 | 10/31/2021 | 10/31/2020 | 10/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 187,427 | 199,052 | 221,373 | 158,718 | 97,256 | 97,249 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (169,570) | (179,483) | (188,445) | (143,172) | (99,814) | (101,760) | ||
| Gross profit: | 17,857 | 19,569 | 32,928 | 15,545 | (2,558) | (4,511) | ||
| Operating expenses | (4,296) | (4,211) | (3,988) | (3,235) | (3,552) | (3,200) | ||
| Operating income (loss): | 13,561 | 15,358 | 28,940 | 12,311 | (6,110) | (7,711) | ||
| Nonoperating income (expense) | 1,672 | 1,381 | 4,386 | 1,430 | (256) | (563) | ||
| Investment income, nonoperating | 749 | 442 | 52 | 5 | 3 | 9 | ||
| Other nonoperating income | 796 | 813 | 4,336 | 1,016 | 289 | 181 | ||
| Interest and debt expense | (225) | (227) | (282) | 712 | (687) | (872) | ||
| Income (loss) from continuing operations: | 15,008 | 16,512 | 33,044 | 14,453 | (7,053) | (9,147) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 14,453 | (7,053) | (9,147) | |
| Net income (loss): | 15,008 | 16,512 | 33,044 | 14,453 | (7,053) | (9,147) | ||
| Other undisclosed net income (loss) attributable to parent | 225 | 227 | 282 | (712) | 687 | 872 | ||
| Net income (loss) available to common stockholders, diluted: | 15,233 | 16,739 | 33,325 | 13,741 | (6,366) | (8,274) | ||
Comprehensive Income ($ in thousands)
| 7/31/2024 TTM | 1/31/2024 TTM | 10/31/2023 | 10/31/2022 | 10/31/2021 | 10/31/2020 | 10/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 15,008 | 16,512 | 33,044 | 14,453 | (7,053) | (9,147) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 15,008 | 16,512 | 33,044 | 14,453 | (7,053) | (9,147) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.