Cardinal Ethanol LLC (CRDE) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1554 N. 600 E. UNION CITY, IN 47390 |
| State of Incorp. | IN |
| Fiscal Year End | September 30 |
| Industry (SIC) | 286 - Industrial Organic Chemicals (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2024 MRQ | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 82,267 | 53,938 | 25,799 | 12,951 | 15,671 | 17,989 | |||
| Cash and cash equivalent | 69,859 | 53,938 | 25,799 | 12,951 | 15,671 | 17,989 | |||
| Short-term investments | 12,408 | ||||||||
| Restricted cash and investments | 13,425 | 9,302 | 8,097 | 3,963 | 6,363 | 1,249 | |||
| Receivables | 18,407 | 12,512 | 13,386 | 9,175 | 12,825 | 9,539 | |||
| Inventory, net of allowances, customer advances and progress billings | 15,103 | 23,371 | 26,587 | 17,319 | 13,440 | 16,553 | |||
| Inventory | 15,103 | 23,371 | 26,587 | 17,319 | 13,440 | 16,553 | |||
| Prepaid expense | 299 | 464 | 212 | 187 | 130 | 171 | |||
| Other undisclosed current assets | 897 | 2,447 | 2,358 | 1,928 | 1,693 | 850 | |||
| Total current assets: | 130,399 | 102,034 | 76,439 | 45,523 | 50,123 | 46,351 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 3,013 | 6,809 | 4,840 | 4,952 | ✕ | ||||
| Property, plant and equipment | 92,324 | 78,457 | 69,400 | 78,003 | 86,169 | 96,949 | |||
| Long-term investments and receivables | 1,656 | ||||||||
| Long-term investments | 1,656 | ||||||||
| Other undisclosed noncurrent assets | 7,033 | 1,260 | 1,260 | 1,260 | 1,295 | ||||
| Total noncurrent assets: | 102,369 | 86,922 | 75,500 | 84,215 | 87,429 | 98,244 | |||
| TOTAL ASSETS: | 232,768 | 188,956 | 151,939 | 129,737 | 137,552 | 144,595 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 7,867 | 8,324 | 5,676 | 5,562 | 3,962 | 4,002 | |||
| Accounts payable | 3,172 | 4,427 | 3,565 | 4,155 | 2,713 | 2,712 | |||
| Accrued liabilities | 4,696 | 3,897 | 2,111 | 1,408 | 1,249 | 1,290 | |||
| Deferred revenue | 15 | ✕ | |||||||
| Debt | 1,137 | 276 | 1,429 | 1,429 | |||||
| Other undisclosed current liabilities | 19,024 | 19,107 | 18,065 | 10,590 | 13,430 | 11,512 | |||
| Total current liabilities: | 28,028 | 27,431 | 23,741 | 16,443 | 18,821 | 16,942 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 29,432 | 12,218 | 1,710 | 2,895 | 5,297 | 7,315 | |||
| Long-term debt, excluding current maturities | 29,432 | 9,000 | 581 | 5,297 | 7,315 | ||||
| Liabilities, other than long-term debt, including: | 2,358 | 2,037 | 1,751 | 1,453 | 1,155 | ||||
| Other liabilities | |||||||||
| Operating lease, liability | 417 | 3,218 | 1,710 | 2,314 | ✕ | ||||
| Other undisclosed liabilities, other than long-term debt | 1,941 | 2,037 | 1,751 | 1,453 | 1,155 | ||||
| Other undisclosed noncurrent liabilities | 417 | ||||||||
| Total noncurrent liabilities: | 32,207 | 14,254 | 3,460 | 4,347 | 6,452 | 7,315 | |||
| Total liabilities: | 60,235 | 41,685 | 27,201 | 20,790 | 25,273 | 24,257 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 172,533 | 147,270 | 124,738 | 108,947 | 112,279 | 120,338 | |||
| Accumulated other comprehensive loss | (11) | ||||||||
| Retained earnings | 101,631 | 76,358 | 53,825 | 38,035 | 41,366 | 49,426 | |||
| Other undisclosed equity, attributable to parent | 70,912 | 70,912 | 70,912 | 70,912 | 70,912 | 70,912 | |||
| Total equity: | 172,533 | 147,270 | 124,738 | 108,947 | 112,279 | 120,338 | |||
| TOTAL LIABILITIES AND EQUITY: | 232,768 | 188,956 | 151,939 | 129,737 | 137,552 | 144,595 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2024 TTM | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 502,735 | 546,691 | 404,002 | 244,719 | 260,669 | 266,858 | ||
| Cost of revenue (Cost of Product and Service Sold) | (427,014) | (460,307) | (369,374) | (239,426) | (260,634) | (251,670) | ||
| Gross profit: | 75,721 | 86,384 | 34,628 | 5,292 | 36 | 15,188 | ||
| Operating expenses | (9,053) | (8,083) | (7,179) | (6,773) | (6,939) | (6,779) | ||
| Operating income (loss): | 66,667 | 78,301 | 27,449 | (1,481) | (6,903) | 8,409 | ||
| Nonoperating income (expense) | 3,151 | 7,403 | (339) | 341 | 304 | (778) | ||
| Investment income, nonoperating | 2,541 | |||||||
| Other nonoperating income (expense) | 1,030 | 7,437 | (206) | 521 | 663 | 81 | ||
| Interest and debt expense | (37) | 857 | (180) | (359) | (859) | |||
| Income (loss) from continuing operations: | 69,819 | 85,667 | 27,967 | (1,321) | (6,958) | 6,772 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | 85,667 | 27,967 | (1,321) | (6,958) | 6,772 | |
| Net income (loss): | 69,819 | 85,667 | 27,967 | (1,321) | (6,958) | 6,772 | ||
| Other undisclosed net income (loss) attributable to parent | 37 | (857) | 180 | 359 | 859 | |||
| Net income (loss) available to common stockholders, diluted: | 69,819 | 85,704 | 27,110 | (1,140) | (6,599) | 7,631 | ||
Comprehensive Income ($ in thousands)
| 6/30/2024 TTM | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 69,819 | 85,667 | 27,967 | (1,321) | (6,958) | 6,772 | ||
| Comprehensive income (loss): | 69,819 | 85,667 | 27,967 | (1,321) | (6,958) | 6,772 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (11) | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 69,808 | 85,667 | 27,967 | (1,321) | (6,958) | 6,772 | ||
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.