LAKE AREA CORN PROCESSORS, LLC: 10-Q filed 2012-11-13
What LAKE AREA CORN PROCESSORS, LLC reported in its quarterly report filed 2012-11-13 (fiscal Q3 2012): 32 published measures, 80 facts as tagged in accession 0001156174-12-000017.
This filing
- Form
- 10-Q (quarterly report)
- Filed
- 2012-11-13
- Fiscal period
- fiscal Q3 2012
- Accession
- 0001156174-12-000017 on SEC EDGAR
Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All LAKE AREA CORN PROCESSORS, LLC filings.
Reported measures
Total assets
Resources recognized on the balance sheet. Book assets are not the market value of the business.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2012-09-30 | 60,060,709 | USD | |
| At 2011-12-31 | 67,392,852 | USD |
Stockholders equity
The reported residual interest after liabilities. It is an accounting amount, not market capitalization.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2012-09-30 | 52,151,712 | USD | |
| At 2011-12-31 | 53,694,694 | USD |
Cash and cash equivalents
Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2012-09-30 | 1,752,193 | USD | |
| At 2011-12-31 | 11,225,659 | USD |
Operating cash flow
Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2012-01-01 to 2012-09-30 | -6,812,786 | USD | 274 |
| 2011-01-01 to 2011-09-30 | 11,455,451 | USD | 273 |
Capital expenditure payments
Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2012-01-01 to 2012-09-30 | 862,191 | USD | 274 |
| 2011-01-01 to 2011-09-30 | 38,811 | USD | 273 |
Revenue
Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2012-07-01 to 2012-09-30 | 34,424,396 | USD | 92 |
| 2012-01-01 to 2012-09-30 | 97,273,527 | USD | 274 |
| 2011-07-01 to 2011-09-30 | 37,567,181 | USD | 92 |
| 2011-01-01 to 2011-09-30 | 109,967,989 | USD | 273 |
Financing cash flow
Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2012-01-01 to 2012-09-30 | -1,798,489 | USD | 274 |
| 2011-01-01 to 2011-09-30 | -10,014,714 | USD | 273 |
Investing cash flow
Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2012-01-01 to 2012-09-30 | -862,191 | USD | 274 |
| 2011-01-01 to 2011-09-30 | 961,189 | USD | 273 |
Net property, plant and equipment
Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2012-09-30 | 25,409,282 | USD | |
| At 2011-12-31 | 26,473,686 | USD |
Operating income or loss
Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2012-07-01 to 2012-09-30 | 660,858 | USD | 92 |
| 2012-01-01 to 2012-09-30 | -134,443 | USD | 274 |
| 2011-07-01 to 2011-09-30 | 2,799,628 | USD | 92 |
| 2011-01-01 to 2011-09-30 | 12,043,017 | USD | 273 |
Current assets
Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2012-09-30 | 21,088,093 | USD | |
| At 2011-12-31 | 27,400,434 | USD |
Interest expense
Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2012-07-01 to 2012-09-30 | 29,145 | USD | 92 |
| 2012-01-01 to 2012-09-30 | 50,318 | USD | 274 |
| 2011-07-01 to 2011-09-30 | 52,565 | USD | 92 |
| 2011-01-01 to 2011-09-30 | 158,063 | USD | 273 |
Current liabilities
Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2012-09-30 | 7,634,723 | USD | |
| At 2011-12-31 | 13,208,726 | USD |
Current accounts payable
Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2012-09-30 | 6,280,785 | USD | |
| At 2011-12-31 | 10,778,861 | USD |
Goodwill carrying amount
Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2012-09-30 | 10,395,766 | USD | |
| At 2011-12-31 | 10,395,766 | USD |
Net current accounts receivable
Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2012-09-30 | 3,939,434 | USD | |
| At 2011-12-31 | 4,259,385 | USD |
Operating expenses
Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2012-07-01 to 2012-09-30 | 649,491 | USD | 92 |
| 2012-01-01 to 2012-09-30 | 2,176,884 | USD | 274 |
| 2011-07-01 to 2011-09-30 | 759,043 | USD | 92 |
| 2011-01-01 to 2011-09-30 | 2,273,070 | USD | 273 |
Net inventory
Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2012-09-30 | 11,333,617 | USD | |
| At 2011-12-31 | 10,680,451 | USD |
Gross profit
Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2012-07-01 to 2012-09-30 | 1,310,349 | USD | 92 |
| 2012-01-01 to 2012-09-30 | 2,042,441 | USD | 274 |
| 2011-07-01 to 2011-09-30 | 3,558,671 | USD | 92 |
| 2011-01-01 to 2011-09-30 | 14,316,087 | USD | 273 |
Cost of revenue
Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2012-07-01 to 2012-09-30 | 33,114,047 | USD | 92 |
| 2012-01-01 to 2012-09-30 | 95,231,086 | USD | 274 |
| 2011-07-01 to 2011-09-30 | 34,008,510 | USD | 92 |
| 2011-01-01 to 2011-09-30 | 95,651,902 | USD | 273 |
Long-term debt
Long-term borrowings under this concept, which can include the current portion depending on presentation. It is not total liabilities and may exclude leases and other obligations.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2012-09-30 | 516,166 | USD | |
| At 2011-12-31 | 833,655 | USD |
Gross property, plant and equipment
Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2012-09-30 | 51,408,476 | USD | |
| At 2011-12-31 | 50,527,574 | USD |
Accumulated depreciation on property, plant and equipment
Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2012-09-30 | 25,999,194 | USD | |
| At 2011-12-31 | 24,053,888 | USD |
Other noncurrent assets
Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2012-09-30 | 101,780 | USD | |
| At 2011-12-31 | 150,875 | USD |
Accrued current liabilities
Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2012-09-30 | 500,885 | USD | |
| At 2011-12-31 | 763,526 | USD |
Net income available to common stockholders
Net income after preferred dividends and similar adjustments, the numerator for basic earnings per share. It can be lower than reported net income.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2012-07-01 to 2012-09-30 | 700,582 | USD | 92 |
| 2012-01-01 to 2012-09-30 | -61,981 | USD | 274 |
| 2011-07-01 to 2011-09-30 | 3,228,398 | USD | 92 |
| 2011-01-01 to 2011-09-30 | 12,535,542 | USD | 273 |
Depreciation, depletion and amortization
Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2012-01-01 to 2012-09-30 | 1,994,401 | USD | 274 |
| 2011-01-01 to 2011-09-30 | 2,079,800 | USD | 273 |
Nonoperating income or expense
Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2012-07-01 to 2012-09-30 | 39,724 | USD | 92 |
| 2012-01-01 to 2012-09-30 | 72,462 | USD | 274 |
| 2011-07-01 to 2011-09-30 | 428,770 | USD | 92 |
| 2011-01-01 to 2011-09-30 | 492,525 | USD | 273 |
Interest paid, net
Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2012-01-01 to 2012-09-30 | 53,031 | USD | 274 |
| 2011-01-01 to 2011-09-30 | 261,627 | USD | 273 |
Change in accounts receivable
The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2012-01-01 to 2012-09-30 | -406,582 | USD | 274 |
| 2011-01-01 to 2011-09-30 | 478,664 | USD | 273 |
Change in inventories
The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2012-01-01 to 2012-09-30 | 653,166 | USD | 274 |
| 2011-01-01 to 2011-09-30 | -877,147 | USD | 273 |
Change in accounts payable
The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2012-01-01 to 2012-09-30 | -4,516,788 | USD | 274 |
| 2011-01-01 to 2011-09-30 | -2,258,958 | USD | 273 |
Inspect the source
- Entity
- LAKE AREA CORN PROCESSORS, LLC / CIK 0001156174
- Captured
- SEC response SHA-256
e165611d3d2697d7971eb7e681987d2109055e50b299857e312934a7eeb77e2e
Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON
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import json
from urllib.request import urlopen
with urlopen("https://canlicapital.com/company-data/0001156174.json") as response:
record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
print(concept["tag"], next(iter(concept["observations"])))