SOUTH DAKOTA SOYBEAN PROCESSORS LLC (SDSYA) Financial Statements (2024 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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8678343,6516257,197684
Cash and cash equivalents8678343,6516257,197684
Receivables43,51836,56928,98824,41820,52219,756
Inventory, net of allowances, customer advances and progress billings134,24695,06669,59344,47036,71637,966
Inventory134,24695,06669,59344,47036,71637,966
Prepaid expense2,3642,6922,0941,8851,4921,579
Derivative instruments and hedges, assets10,95111,93428,418   
Other undisclosed current assets5,6042,1026,0206,7752,3794,422
Total current assets:197,550149,197138,76478,17268,30764,407
Noncurrent Assets
Operating lease, right-of-use asset22,70811,23311,960 
Property, plant and equipment74,56072,53364,23164,51759,06855,531
Long-term investments and receivables14,57710,7649,3287,8748,0091,751
Long-term investments14,57710,7649,3287,8748,0091,751
Other noncurrent assets96     
Other undisclosed noncurrent assets 1,7061,5601,5397,5421,5521,528
Total noncurrent assets:113,64796,08987,05979,93368,62958,810
TOTAL ASSETS:311,197245,286225,823158,105136,936123,217
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8,4436,3054,6317,8806,0344,278
Interest and dividends payable135674175167179
Accounts payable2,2451,9321,5074,9052,3251,933
Accrued liabilities6,0634,3063,0842,9003,5422,167
Debt18,50413,60114,10912,7683,9554,556
Other undisclosed current liabilities94,60191,84388,63236,20236,17739,904
Total current liabilities:121,548111,749107,37256,85046,16648,739
Noncurrent Liabilities
Long-term debt and lease obligation8,84620,12223,61411,9925935,103
Long-term debt, excluding current maturities8,84613,99117,50011,9925935,103
Liabilities, other than long-term debt17,168     
Operating lease, liability17,1686,1316,114 
Other undisclosed noncurrent liabilities96(6,131) 3,316  
Total noncurrent liabilities:26,11020,12223,61415,3085935,103
Total liabilities:147,658131,871130,98672,15846,75953,841
Equity
Other undisclosed equity      
Total equity:      
Other undisclosed liabilities and equity 163,539113,41594,83785,94790,17769,375
TOTAL LIABILITIES AND EQUITY:311,197245,286225,823158,105136,936123,217

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues721,532590,150415,026371,276391,436375,256
Revenue, net391,436375,256
Cost of revenue(648,117)(556,676)(395,772)(356,476)(362,838)(364,134)
Cost of goods and services sold (564,568)(481,430)(327,346) (298,969)(305,917)
Gross profit:73,41633,47419,25314,80028,59911,123
Operating expenses(5,669)(4,590)(3,820)(3,624)(3,835)(3,211)
Operating income:67,74628,88415,43411,17624,7647,911
Nonoperating income (expense)(282)(876)148(195)1,116(1,142)
Investment income, nonoperating700365196169146493
Other nonoperating income (expense)1,2233931,0435542,097(931)
Interest and debt expense(2,205)(1,634)(1,091)(919)(1,127)(705)
Other undisclosed income from continuing operations before equity method investments, income taxes  1,6341,0919191,127705
Income from continuing operations before income taxes:65,25928,00815,58210,98025,8796,769
Income tax expense    (1)(2)(2)
Income from continuing operations:65,25928,00815,58210,98025,8776,767
Income before gain (loss) on sale of properties:28,00815,58210,98025,8776,767
Other undisclosed net income      
Net income:65,25928,00815,58210,98025,8776,767
Net loss attributable to noncontrolling interest      
Other undisclosed net income attributable to parent2,205     
Net income available to common stockholders, diluted:67,46428,00815,58210,98025,8776,767

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:65,25928,00815,58210,98025,8776,767
Comprehensive income:65,25928,00815,58210,98025,8776,767
Comprehensive loss, net of tax, attributable to noncontrolling interest      
Comprehensive income, net of tax, attributable to parent:65,25928,00815,58210,98025,8776,767

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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