Skip to content

LAKE AREA CORN PROCESSORS, LLC: 10-K filed 2013-03-29

What LAKE AREA CORN PROCESSORS, LLC reported in its annual report filed 2013-03-29 (fiscal FY 2012): 33 published measures, 122 facts as tagged in accession 0001156174-13-000002.

This filing

Form
10-K (annual report)
Filed
2013-03-29
Fiscal period
fiscal FY 2012
Accession
0001156174-13-000002 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.

PeriodValueUnitDays
At 2012-12-3165,973,079USD
At 2011-12-3167,431,065USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

PeriodValueUnitDays
At 2012-12-3151,074,335USD
At 2011-12-3153,694,694USD
At 2010-12-3148,097,148USD
At 2009-12-3143,733,907USD

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.

PeriodValueUnitDays
At 2012-12-317,662,901USD
At 2011-12-3111,225,659USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

PeriodValueUnitDays
2012-10-01 to 2012-12-31-1,215,500USD92
2012-01-01 to 2012-12-31-1,277,481USD366
2012-07-01 to 2012-09-30700,582USD92
2012-04-01 to 2012-06-30-1,331,213USD91
2012-01-01 to 2012-03-31568,650USD91
2011-10-01 to 2011-12-314,910,004USD92
2011-01-01 to 2011-12-3117,445,546USD365
2011-07-01 to 2011-09-303,228,398USD92
2011-04-01 to 2011-06-304,872,650USD91
2011-01-01 to 2011-03-314,434,494USD90
2010-10-01 to 2010-12-312,321,921USD92
2010-01-01 to 2010-12-317,044,562USD365
2010-07-01 to 2010-09-301,213,113USD92
2010-04-01 to 2010-06-30962,841USD91
2010-01-01 to 2010-03-312,546,687USD90

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

PeriodValueUnitDays
2012-01-01 to 2012-12-31-431,632USD366
2011-01-01 to 2011-12-3125,796,954USD365
2010-01-01 to 2010-12-315,017,112USD365

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

PeriodValueUnitDays
2012-01-01 to 2012-12-311,162,637USD366
2011-01-01 to 2011-12-3138,811USD365
2010-01-01 to 2010-12-3131,325USD365

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

PeriodValueUnitDays
2012-01-01 to 2012-12-31132,284,993USD366
2011-01-01 to 2011-12-31147,716,776USD365
2010-01-01 to 2010-12-3196,716,136USD365

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

PeriodValueUnitDays
2012-01-01 to 2012-12-31-1,868,489USD366
2011-01-01 to 2011-12-31-16,170,288USD365
2010-01-01 to 2010-12-31-4,680,773USD365

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

PeriodValueUnitDays
2012-01-01 to 2012-12-31-1,262,637USD366
2011-01-01 to 2011-12-31961,189USD365
2010-01-01 to 2010-12-31-63,601USD365

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.

PeriodValueUnitDays
At 2012-12-3125,086,125USD
At 2011-12-3126,473,686USD

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.

PeriodValueUnitDays
2012-10-01 to 2012-12-31-1,199,602USD92
2012-01-01 to 2012-12-31-1,334,046USD366
2012-07-01 to 2012-09-30660,858USD92
2012-04-01 to 2012-06-30-1,348,397USD91
2012-01-01 to 2012-03-31553,095USD91
2011-10-01 to 2011-12-315,048,933USD92
2011-01-01 to 2011-12-3117,091,950USD365
2011-07-01 to 2011-09-302,799,628USD92
2011-04-01 to 2011-06-304,821,183USD91
2011-01-01 to 2011-03-314,422,206USD90
2010-10-01 to 2010-12-312,355,047USD92
2010-01-01 to 2010-12-317,183,998USD365
2010-07-01 to 2010-09-301,237,184USD92
2010-04-01 to 2010-06-30995,094USD91
2010-01-01 to 2010-03-312,596,673USD90

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.

PeriodValueUnitDays
At 2012-12-3127,019,100USD
At 2011-12-3127,438,647USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

PeriodValueUnitDays
2012-01-01 to 2012-12-31155,178USD366
2011-01-01 to 2011-12-31228,009USD365
2010-01-01 to 2010-12-31401,281USD365

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

PeriodValueUnitDays
At 2012-12-3114,732,483USD
At 2011-12-3113,246,939USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

PeriodValueUnitDays
At 2012-12-3113,518,218USD
At 2011-12-3110,778,861USD

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.

PeriodValueUnitDays
At 2012-12-3110,395,766USD
At 2011-12-3110,395,766USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

PeriodValueUnitDays
At 2012-12-314,251,590USD
At 2011-12-314,259,385USD

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.

PeriodValueUnitDays
2012-01-01 to 2012-12-312,864,188USD366
2011-01-01 to 2011-12-313,074,220USD365
2010-01-01 to 2010-12-312,808,663USD365

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

PeriodValueUnitDays
At 2012-12-3111,552,830USD
At 2011-12-3110,680,451USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

PeriodValueUnitDays
2012-10-01 to 2012-12-31-512,299USD92
2012-01-01 to 2012-12-311,530,142USD366
2012-07-01 to 2012-09-301,310,349USD92
2012-04-01 to 2012-06-30-589,176USD91
2012-01-01 to 2012-03-311,321,268USD91
2011-10-01 to 2011-12-315,860,208USD92
2011-01-01 to 2011-12-3120,166,170USD365
2011-07-01 to 2011-09-303,558,671USD92
2011-04-01 to 2011-06-305,547,162USD91
2011-01-01 to 2011-03-315,200,129USD90
2010-10-01 to 2010-12-313,016,590USD92
2010-01-01 to 2010-12-319,992,661USD365
2010-07-01 to 2010-09-301,916,291USD92
2010-04-01 to 2010-06-301,703,097USD91
2010-01-01 to 2010-03-313,356,683USD90

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.

PeriodValueUnitDays
2012-01-01 to 2012-12-31130,754,851USD366
2011-01-01 to 2011-12-31127,550,606USD365
2010-01-01 to 2010-12-3186,723,475USD365

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.

PeriodValueUnitDays
At 2012-12-31446,166USD
At 2011-12-31833,655USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

PeriodValueUnitDays
At 2012-12-3151,447,386USD
At 2011-12-3150,527,574USD

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.

PeriodValueUnitDays
At 2012-12-3126,361,261USD
At 2011-12-3124,053,888USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

PeriodValueUnitDays
At 2012-12-3186,609USD
At 2011-12-31150,875USD

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.

PeriodValueUnitDays
At 2012-12-31355,278USD
At 2011-12-31763,526USD

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.

PeriodValueUnitDays
2012-01-01 to 2012-12-31-1,277,481USD366
2011-01-01 to 2011-12-3117,445,546USD365
2010-01-01 to 2010-12-317,044,562USD365

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

PeriodValueUnitDays
2012-01-01 to 2012-12-312,662,731USD366
2011-01-01 to 2011-12-312,744,683USD365
2010-01-01 to 2010-12-312,759,379USD365

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.

PeriodValueUnitDays
2012-01-01 to 2012-12-3156,565USD366
2011-01-01 to 2011-12-31353,596USD365
2010-01-01 to 2010-12-31-139,436USD365

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.

PeriodValueUnitDays
2012-01-01 to 2012-12-3158,412USD366
2011-01-01 to 2011-12-31302,707USD365
2010-01-01 to 2010-12-31487,277USD365

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.

PeriodValueUnitDays
2012-01-01 to 2012-12-31-88,952USD366
2011-01-01 to 2011-12-31127,782USD365
2010-01-01 to 2010-12-31571,246USD365

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.

PeriodValueUnitDays
2012-01-01 to 2012-12-31872,379USD366
2011-01-01 to 2011-12-31617,243USD365
2010-01-01 to 2010-12-312,483,034USD365

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.

PeriodValueUnitDays
2012-01-01 to 2012-12-312,594,059USD366
2011-01-01 to 2011-12-315,401,263USD365
2010-01-01 to 2010-12-31-867,820USD365

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

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.

Use this in research

A financial period ends before its results become public. Use the filing date as a minimum availability boundary, inspect amendments, and retain the original filing vintage when testing historical signals. This latest-filed selection can contain information unavailable at the time.

These pages do not supply prices, total-return histories, corporate-action adjustments or a tradable universe. Build those inputs separately before evaluating a strategy. A profitable backtest can still reflect selection bias or costs that were left out.

Research methodology · Execution and cost assumptions · Check backtest overfitting

Build with the open-source tools

Use these accounting records as inspectable inputs. When you have constructed a return series, the validation tools can help test its statistical evidence and preserve the result with its limitations.

Read the published dataset with Python
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"])))