LAKE AREA CORN PROCESSORS LLC (LKCRU) financial statements (2022 and earlier)

Company profile

Business Address DAKOTA ETHANOL, LLC
WENTWORTH, SD 57075
State of Incorp. SD
Fiscal Year End December 31
SIC 286 - Industrial Organic Chemicals (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments37,99518,63812,8241,6985,1039,9938,329
Cash and cash equivalents37,99518,63812,8241,6985,1039,9938,329
Receivables8775851,5761,2023,1874,0552,444
Inventory, net of allowances, customer advances and progress billings16,4109,76910,5437,5625,5266,2137,565
Inventory16,4109,76910,5437,5625,5266,2137,565
Prepaid expense733677479266220238282
Derivative instruments and hedges, assets2,8872,0745055548631,057677
Other undisclosed current assets1,0331,634 273925523
Total current assets:59,93533,37725,92811,30814,93721,58119,819
Noncurrent Assets
Property, plant and equipment58,05261,36766,70763,74839,96934,82434,184
Long-term investments and receivables20,50516,63616,68217,30018,73911,19215,225
Long-term investments20,50516,63616,68217,30018,73911,19215,225
Intangible assets, net (including goodwill)10,39610,39610,39610,39610,39610,39610,396
Goodwill10,39610,39610,39610,39610,39610,39610,396
Other noncurrent assets65819711331123122
Total noncurrent assets:89,01888,48193,88391,55869,13556,53559,927
TOTAL ASSETS:148,953121,858119,810102,86684,07278,11679,747
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities26,77019,25914,7467,6166,7068,26310,171
Accounts payable25,85518,52613,8126,8506,1247,6719,672
Accrued liabilities915733934766582593499
Debt3,2281,5212,1553,2471,6751,036477
Derivative instruments and hedges, liabilities1,491244699368411828608
Other liabilities 44414141120
Total current liabilities:31,48921,02817,60411,2368,80610,26811,376
Noncurrent Liabilities
Long-term debt and lease obligation3,99535,56137,98923,5856,97211
Long-term debt, excluding current maturities3,99535,56137,98923,5856,97211
Liabilities, other than long-term debt  481226105
Other liabilities  481226105
Total noncurrent liabilities:3,99535,56137,99323,5936,98427106
Total liabilities:35,48456,58955,59734,82915,79010,29511,482
Stockholders' equity
Stockholders' equity attributable to parent, including:113,46965,26964,21368,03768,28367,82168,264
Other undisclosed stockholders' equity attributable to parent113,46965,26964,21368,03768,28367,82168,264
Total stockholders' equity:113,46965,26964,21368,03768,28367,82168,264
TOTAL LIABILITIES AND EQUITY:148,953121,858119,810102,86684,07278,11679,747

Income statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues258,990130,522115,98774,70484,82288,81388,998
Cost of revenue(207,276)(124,493)(114,687)(68,620)(76,254)(76,098)(81,446)
Gross profit:51,7146,0291,3006,0848,56812,7157,552
Operating expenses(5,430)(4,418)(4,060)(3,838)(3,717)(3,642)(1,828)
Operating income (loss):46,2841,610(2,761)2,2464,8519,0735,724
Nonoperating income (expense)10,803(555)(1,063)4701,5352,3332,929
Investment income, nonoperating(2,062)(359)     
Interest and debt expense(727)(1,394)(1,183) (2)(2)(2)
Net income (loss):56,359(338)(5,008)2,7176,38311,4048,652
Other undisclosed net income attributable to parent7271,3941,183 222
Net income (loss) available to common stockholders, diluted:57,0861,056(3,824)2,7176,38511,4058,654

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):56,359(338)(5,008)2,7176,38311,4048,652
Comprehensive income (loss), net of tax, attributable to parent:56,359(338)(5,008)2,7176,38311,4048,652

Statements sources

The financial statements are based on the company's filings with the 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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