Cardinal Ethanol LLC (CRDE) Financial Statements (2026 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)
Annual | Quarterly

6/30/2024
Q3
3/31/2024
Q2
12/31/2023
Q1
9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments50,27489,90682,26756,01641,63079,418
Cash and cash equivalent50,27489,90669,85938,22330,11868,622
Short-term investments   12,40817,79211,51210,796
Restricted cash and investments11,27413,36213,42512,7367,31710,537
Receivables13,1218,16718,40719,89817,93416,266
Inventory, net of allowances, customer advances and progress billings28,43430,61115,10327,16746,72836,264
Inventory28,43430,61115,10327,16746,72836,264
Prepaid expense2,3315,0202997061,0831,491
Other undisclosed current assets2,2971,6378972,7421,8141,322
Total current assets:107,731148,705130,399119,265116,506145,298
Noncurrent Assets
Operating lease, right-of-use asset11,3419,1683,0133,8844,8666,013
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization137,05395,31392,32487,88179,22083,706
Other undisclosed noncurrent assets10,1348,5697,0334,3782,8351,425
Total noncurrent assets:158,528113,050102,36996,14286,92091,144
TOTAL ASSETS:266,259261,754232,768215,407203,426236,442
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities11,10012,2827,8675,2854,7926,453
Accounts payable5,4078,3813,1723,1952,4793,192
Accrued liabilities5,6933,9014,6962,0902,3133,261
Deferred revenue1,5993,000    
Debt5,8651,9801,1372,087  
Other undisclosed current liabilities20,08536,74819,02424,54219,27153,387
Total current liabilities:38,64954,01128,02831,91524,06359,840
Noncurrent Liabilities
Long-term debt and lease obligation51,26728,58929,43225,49716,18616,186
Long-term debt, excluding current maturities51,26728,58929,43225,49716,18616,186
Liabilities, other than long-term debt, including:7,3475,9392,3581,0341,6902,439
Other liabilities186    
Operating lease, liability7,3295,9334171,0341,6902,439
Other undisclosed liabilities, other than long-term debt   1,941   
Other undisclosed noncurrent liabilities2,4902,4344172,2752,1922,111
Total noncurrent liabilities:61,10536,96232,20728,80720,06820,736
Total liabilities:99,75490,97360,23560,72144,13180,576
Equity
Equity, attributable to parent, including:166,505170,782172,533154,685159,295155,865
Accumulated other comprehensive income (loss)   (11)(14)0(8)
Retained earnings95,59299,870101,63183,78788,38384,961
Other undisclosed equity, attributable to parent70,91270,91270,91270,91270,91270,912
Total equity:166,505170,782172,533154,685159,295155,865
TOTAL LIABILITIES AND EQUITY:266,259261,754232,768215,407203,426236,442

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

6/30/2024
Q3
3/31/2024
Q2
12/31/2023
Q1
9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
Revenues79,43169,112117,969119,047130,771134,948
Cost of revenue
(Cost of Product and Service Sold)		(78,359)(63,589)(91,542)(103,129)(115,335)(117,009)
Gross profit:1,0735,52326,42715,91815,43717,939
Operating expenses(3,494)(2,639)(1,931)(2,495)(2,355)(2,273)
Operating income (loss):(2,421)2,88424,49613,42313,08215,666
Nonoperating income (expense)885(164)1,652868393239
Investment income, nonoperating746     
Other nonoperating income (expense)1,186(1,250) (13)3749
Interest and debt expense(1,011)     
Net income (loss):(2,548)2,72026,14814,29113,47515,906
Other undisclosed net income attributable to parent1,011     
Net income (loss) available to common stockholders, diluted:(1,536)2,72026,14814,29113,47515,906

Comprehensive Income ($ in thousands)
Annual | Quarterly

6/30/2024
Q3
3/31/2024
Q2
12/31/2023
Q1
9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
Net income (loss):(2,548)2,72026,14814,29113,47515,906
Other comprehensive loss      (8)
Comprehensive income (loss):(2,548)2,72026,14814,29113,47515,898
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1,011113(14)8 
Comprehensive income (loss), net of tax, attributable to parent:(1,536)2,73126,15114,27713,48215,898

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.

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