SOUTH DAKOTA SOYBEAN PROCESSORS LLC (SDSYA) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
100 CASPIAN AVE. VOLGA, SD 57071 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 207 - Fats And Oils (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 72,910 | 867 | 834 | 3,651 | 625 | 7,197 | |||
| Cash and cash equivalents | 72,910 | 867 | 834 | 3,651 | 625 | 7,197 | |||
| Receivables | 43,549 | 43,518 | 36,569 | 28,988 | 24,418 | 20,522 | |||
| Inventory, net of allowances, customer advances and progress billings | 72,046 | 134,246 | 95,066 | 69,593 | 44,470 | 36,716 | |||
| Inventory | 72,046 | 134,246 | 95,066 | 69,593 | 44,470 | 36,716 | |||
| Prepaid expense | 5,621 | 2,364 | 2,692 | 2,094 | 1,885 | 1,492 | |||
| Derivative instruments and hedges, assets | 10,335 | 10,951 | 11,934 | 28,418 | |||||
| Other undisclosed current assets | 1,343 | 5,604 | 2,102 | 6,020 | 6,775 | 2,379 | |||
| Total current assets: | 205,804 | 197,550 | 149,197 | 138,764 | 78,172 | 68,307 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 28,298 | 22,708 | 11,233 | 11,960 | ✕ | ||||
| Property, plant and equipment | 174,928 | 74,560 | 72,533 | 64,231 | 64,517 | 59,068 | |||
| Long-term investments and receivables | 13,637 | 14,577 | 10,764 | 9,328 | 7,874 | 8,009 | |||
| Long-term investments | 13,637 | 14,577 | 10,764 | 9,328 | 7,874 | 8,009 | |||
| Other noncurrent assets | 337 | 96 | |||||||
| Other undisclosed noncurrent assets | 1,738 | 1,706 | 1,560 | 1,539 | 7,542 | 1,552 | |||
| Total noncurrent assets: | 218,937 | 113,647 | 96,089 | 87,059 | 79,933 | 68,629 | |||
| TOTAL ASSETS: | 424,741 | 311,197 | 245,286 | 225,823 | 158,105 | 136,936 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 14,183 | 8,443 | 6,305 | 4,631 | 7,880 | 6,034 | |||
| Interest and dividends payable | ✕ | ✕ | 135 | 67 | 41 | 75 | 167 | ||
| Accounts payable | 7,463 | 2,245 | 1,932 | 1,507 | 4,905 | 2,325 | |||
| Accrued liabilities | 6,720 | 6,063 | 4,306 | 3,084 | 2,900 | 3,542 | |||
| Debt | 15,728 | 18,504 | 13,601 | 14,109 | 12,768 | 3,955 | |||
| Other undisclosed current liabilities | 75,716 | 94,601 | 91,843 | 88,632 | 36,202 | 36,177 | |||
| Total current liabilities: | 105,627 | 121,548 | 111,749 | 107,372 | 56,850 | 46,166 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 8,846 | 20,122 | 23,614 | 11,992 | 593 | ||||
| Long-term debt, excluding current maturities | 8,846 | 13,991 | 17,500 | 11,992 | 593 | ||||
| Liabilities, other than long-term debt | 22,828 | 17,168 | |||||||
| Operating lease, liability | 22,828 | 17,168 | 6,131 | 6,114 | ✕ | ||||
| Other undisclosed noncurrent liabilities | 54 | 96 | (6,131) | 3,316 | |||||
| Total noncurrent liabilities: | 22,882 | 26,110 | 20,122 | 23,614 | 15,308 | 593 | |||
| Total liabilities: | 128,509 | 147,658 | 131,871 | 130,986 | 72,158 | 46,759 | |||
| Equity | |||||||||
| Other undisclosed equity | 296,232 | ||||||||
| Total equity: | 296,232 | ||||||||
| Other undisclosed liabilities and equity | 163,539 | 113,415 | 94,837 | 85,947 | 90,177 | ||||
| TOTAL LIABILITIES AND EQUITY: | 424,741 | 311,197 | 245,286 | 225,823 | 158,105 | 136,936 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 703,148 | 721,532 | 590,150 | 415,026 | 371,276 | 391,436 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 391,436 | |
| Cost of revenue | (624,732) | (648,117) | (556,676) | (395,772) | (356,476) | (362,838) | ||
| Cost of goods and services sold | (535,026) | (564,568) | (481,430) | (327,346) | (298,969) | |||
| Gross profit: | 78,416 | 73,416 | 33,474 | 19,253 | 14,800 | 28,599 | ||
| Operating expenses | (6,488) | (5,669) | (4,590) | (3,820) | (3,624) | (3,835) | ||
| Operating income: | 71,928 | 67,746 | 28,884 | 15,434 | 11,176 | 24,764 | ||
| Nonoperating income (expense) | (819) | (282) | (876) | 148 | (195) | 1,116 | ||
| Investment income, nonoperating | 693 | 700 | 365 | 196 | 169 | 146 | ||
| Other nonoperating income | 1,325 | 1,223 | 393 | 1,043 | 554 | 2,097 | ||
| Interest and debt expense | (2,838) | (2,205) | (1,634) | (1,091) | (919) | (1,127) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 1,634 | 1,091 | 919 | 1,127 | ||||
| Income from continuing operations before income taxes: | 68,272 | 65,259 | 28,008 | 15,582 | 10,980 | 25,879 | ||
| Income tax expense | (1) | (2) | ||||||
| Income from continuing operations: | 68,272 | 65,259 | 28,008 | 15,582 | 10,980 | 25,877 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 28,008 | 15,582 | 10,980 | 25,877 | |
| Other undisclosed net income | 2,838 | |||||||
| Net income: | 71,109 | 65,259 | 28,008 | 15,582 | 10,980 | 25,877 | ||
| Net loss attributable to noncontrolling interest | (660) | |||||||
| Other undisclosed net income attributable to parent | 2,205 | |||||||
| Net income available to common stockholders, diluted: | 70,450 | 67,464 | 28,008 | 15,582 | 10,980 | 25,877 | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 71,109 | 65,259 | 28,008 | 15,582 | 10,980 | 25,877 | ||
| Comprehensive income: | 71,109 | 65,259 | 28,008 | 15,582 | 10,980 | 25,877 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (660) | |||||||
| Comprehensive income, net of tax, attributable to parent: | 70,450 | 65,259 | 28,008 | 15,582 | 10,980 | 25,877 | ||
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.