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LAKE AREA CORN PROCESSORS, LLC: 10-Q filed 2017-08-11

What LAKE AREA CORN PROCESSORS, LLC reported in its quarterly report filed 2017-08-11 (fiscal Q2 2017): 32 published measures, 78 facts as tagged in accession 0001156174-17-000017.

This filing

Form
10-Q (quarterly report)
Filed
2017-08-11
Fiscal period
fiscal Q2 2017
Accession
0001156174-17-000017 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.

PeriodValueUnitDays
At 2017-06-3074,779,596USD
At 2016-12-3178,116,089USD

Stockholders equity

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

PeriodValueUnitDays
At 2017-06-3067,784,177USD
At 2016-12-3167,821,454USD

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 2017-06-309,609,189USD
At 2016-12-319,993,335USD

Operating cash flow

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

PeriodValueUnitDays
2017-01-01 to 2017-06-302,656,183USD181
2016-01-01 to 2016-06-30-507,027USD182

Capital expenditure payments

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

PeriodValueUnitDays
2017-01-01 to 2017-06-30433,899USD181
2016-01-01 to 2016-06-302,744,331USD182

Revenue

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

PeriodValueUnitDays
2017-04-01 to 2017-06-3021,612,598USD91
2017-01-01 to 2017-06-3044,326,225USD181
2016-04-01 to 2016-06-3021,944,230USD91
2016-01-01 to 2016-06-3043,568,026USD182

Financing cash flow

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

PeriodValueUnitDays
2017-01-01 to 2017-06-30-2,606,430USD181
2016-01-01 to 2016-06-30422,804USD182

Investing cash flow

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

PeriodValueUnitDays
2017-01-01 to 2017-06-30-433,899USD181
2016-01-01 to 2016-06-30-1,425,376USD182

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 2017-06-3033,802,100USD
At 2016-12-3134,824,202USD

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
2017-04-01 to 2017-06-301,151,750USD91
2017-01-01 to 2017-06-302,365,633USD181
2016-04-01 to 2016-06-301,979,265USD91
2016-01-01 to 2016-06-302,298,643USD182

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 2017-06-3021,516,070USD
At 2016-12-3121,581,125USD

Interest expense

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

PeriodValueUnitDays
2017-04-01 to 2017-06-30989USD91
2017-01-01 to 2017-06-301,978USD181
2016-04-01 to 2016-06-301,261USD91
2016-01-01 to 2016-06-302,523USD182

Current liabilities

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

PeriodValueUnitDays
At 2017-06-306,972,863USD
At 2016-12-3110,268,079USD

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 2017-06-304,776,041USD
At 2016-12-317,670,550USD

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 2017-06-3010,395,766USD
At 2016-12-3110,395,766USD

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 2017-06-302,974,887USD
At 2016-12-314,054,667USD

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
2017-04-01 to 2017-06-30863,605USD91
2017-01-01 to 2017-06-301,870,177USD181
2016-04-01 to 2016-06-30860,379USD91
2016-01-01 to 2016-06-301,795,613USD182

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 2017-06-307,629,101USD
At 2016-12-316,212,619USD

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
2017-04-01 to 2017-06-302,015,355USD91
2017-01-01 to 2017-06-304,235,810USD181
2016-04-01 to 2016-06-302,839,644USD91
2016-01-01 to 2016-06-304,094,256USD182

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
2017-04-01 to 2017-06-3019,597,243USD91
2017-01-01 to 2017-06-3040,090,415USD181
2016-04-01 to 2016-06-3019,104,586USD91
2016-01-01 to 2016-06-3039,473,770USD182

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 2017-06-3072,323,332USD
At 2016-12-3171,893,957USD

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 2017-06-3038,521,232USD
At 2016-12-3137,069,755USD

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 2017-06-3077,191USD
At 2016-12-31122,964USD

Other noncurrent liabilities

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

PeriodValueUnitDays
At 2017-06-3021,556USD
At 2016-12-3125,556USD

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 2017-06-30437,582USD
At 2016-12-31592,749USD

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
2017-01-01 to 2017-06-302,924,723USD181
2016-01-01 to 2016-06-303,189,539USD182

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
2017-01-01 to 2017-06-301,497,250USD181
2016-01-01 to 2016-06-301,821,614USD182

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
2017-04-01 to 2017-06-30162,549USD91
2017-01-01 to 2017-06-30559,090USD181
2016-04-01 to 2016-06-30550,653USD91
2016-01-01 to 2016-06-30890,896USD182

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
2017-01-01 to 2017-06-301,987USD181
2016-01-01 to 2016-06-302,522USD182

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
2017-01-01 to 2017-06-30-1,085,707USD181
2016-01-01 to 2016-06-301,163,527USD182

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
2017-01-01 to 2017-06-301,416,482USD181
2016-01-01 to 2016-06-30282,543USD182

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
2017-01-01 to 2017-06-30-2,889,985USD181
2016-01-01 to 2016-06-30-6,557,696USD182

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.

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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"])))