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LAKE AREA CORN PROCESSORS, LLC: 10-K filed 2020-03-05

What LAKE AREA CORN PROCESSORS, LLC reported in its annual report filed 2020-03-05 (fiscal FY 2019): 34 published measures, 137 facts as tagged in accession 0001156174-20-000004.

This filing

Form
10-K (annual report)
Filed
2020-03-05
Fiscal period
fiscal FY 2019
Accession
0001156174-20-000004 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 2019-12-31119,810,318USD
At 2018-12-31102,866,072USD

Stockholders equity

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

PeriodValueUnitDays
At 2019-12-3164,212,940USD
At 2018-12-3168,037,124USD
At 2017-12-3168,282,537USD
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 2019-12-3112,823,653USD
At 2018-12-311,697,937USD

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
2019-10-01 to 2019-12-31-1,821,702USD92
2019-01-01 to 2019-12-31-3,824,184USD365
2019-07-01 to 2019-09-30-3,599,789USD92
2019-04-01 to 2019-06-30-192,897USD91
2019-01-01 to 2019-03-311,790,204USD90
2018-10-01 to 2018-12-31-444,870USD92
2018-01-01 to 2018-12-312,716,587USD365
2018-07-01 to 2018-09-30-182,218USD92
2018-04-01 to 2018-06-301,466,978USD91
2018-01-01 to 2018-03-311,876,697USD90
2017-10-01 to 2017-12-311,645,013USD92
2017-01-01 to 2017-12-316,385,083USD365
2017-07-01 to 2017-09-301,815,347USD92
2017-04-01 to 2017-06-301,314,299USD91
2017-01-01 to 2017-03-311,610,424USD90

Operating cash flow

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

PeriodValueUnitDays
2019-01-01 to 2019-12-317,517,770USD365
2018-01-01 to 2018-12-317,804,468USD365
2017-01-01 to 2017-12-3111,567,864USD365

Capital expenditure payments

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

PeriodValueUnitDays
2019-01-01 to 2019-12-319,066,179USD365
2018-01-01 to 2018-12-3125,913,312USD365
2017-01-01 to 2017-12-317,989,022USD365

Revenue

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

PeriodValueUnitDays
2019-10-01 to 2019-12-3135,835,024USD92
2019-01-01 to 2019-12-31115,986,821USD365
2019-07-01 to 2019-09-3032,441,510USD92
2019-04-01 to 2019-06-3026,096,989USD91
2019-01-01 to 2019-03-3121,613,298USD90
2018-10-01 to 2018-12-3116,025,667USD92
2018-01-01 to 2018-12-3174,703,630USD365
2018-07-01 to 2018-09-3018,796,356USD92
2018-04-01 to 2018-06-3020,077,335USD91
2018-01-01 to 2018-03-3119,804,272USD90
2017-10-01 to 2017-12-3121,015,764USD92
2017-01-01 to 2017-12-3184,821,788USD365
2017-07-01 to 2017-09-3019,479,798USD92
2017-04-01 to 2017-06-3021,612,598USD91
2017-01-01 to 2017-03-3122,713,628USD90

Financing cash flow

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

PeriodValueUnitDays
2019-01-01 to 2019-12-3113,308,049USD365
2018-01-01 to 2018-12-3115,113,779USD365
2017-01-01 to 2017-12-311,676,653USD365

Investing cash flow

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

PeriodValueUnitDays
2019-01-01 to 2019-12-31-9,700,103USD365
2018-01-01 to 2018-12-31-26,323,269USD365
2017-01-01 to 2017-12-31-18,134,893USD365

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 2019-12-3166,707,481USD
At 2018-12-3163,748,268USD

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
2019-10-01 to 2019-12-31-1,787,409USD92
2019-01-01 to 2019-12-31-2,760,753USD365
2019-07-01 to 2019-09-30-2,786,864USD92
2019-04-01 to 2019-06-30372,585USD91
2019-01-01 to 2019-03-311,440,935USD90
2018-10-01 to 2018-12-31-301,677USD92
2018-01-01 to 2018-12-312,246,277USD365
2018-07-01 to 2018-09-30-153,933USD92
2018-04-01 to 2018-06-301,073,009USD91
2018-01-01 to 2018-03-311,628,878USD90
2017-10-01 to 2017-12-311,350,698USD92
2017-01-01 to 2017-12-314,850,552USD365
2017-07-01 to 2017-09-301,134,221USD92
2017-04-01 to 2017-06-301,151,750USD91
2017-01-01 to 2017-03-311,213,883USD90

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 2019-12-3125,927,615USD
At 2018-12-3111,308,289USD

Interest expense

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

PeriodValueUnitDays
2019-01-01 to 2019-12-311,183,324USD365
2018-01-01 to 2018-12-310USD365
2017-01-01 to 2017-12-312,308USD365

Current liabilities

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

PeriodValueUnitDays
At 2019-12-3117,604,170USD
At 2018-12-3111,235,580USD

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 2019-12-3113,812,388USD
At 2018-12-316,849,896USD

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 2019-12-3110,395,766USD
At 2018-12-3110,395,766USD

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 2019-12-311,576,093USD
At 2018-12-311,229,053USD

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
2019-01-01 to 2019-12-314,060,343USD365
2018-01-01 to 2018-12-313,837,659USD365
2017-01-01 to 2017-12-313,717,291USD365

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 2019-12-3110,543,422USD
At 2018-12-317,561,501USD

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
2019-10-01 to 2019-12-31-634,434USD92
2019-01-01 to 2019-12-311,299,590USD365
2019-07-01 to 2019-09-30-1,815,202USD92
2019-04-01 to 2019-06-301,298,964USD91
2019-01-01 to 2019-03-312,450,262USD90
2018-10-01 to 2018-12-31688,238USD92
2018-01-01 to 2018-12-316,083,936USD365
2018-07-01 to 2018-09-30718,120USD92
2018-04-01 to 2018-06-302,065,457USD91
2018-01-01 to 2018-03-312,612,121USD90
2017-10-01 to 2017-12-312,363,353USD92
2017-01-01 to 2017-12-318,567,843USD365
2017-07-01 to 2017-09-301,968,680USD92
2017-04-01 to 2017-06-302,015,355USD91
2017-01-01 to 2017-03-312,220,455USD90

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
2019-01-01 to 2019-12-31114,687,231USD365
2018-01-01 to 2018-12-3168,619,694USD365
2017-01-01 to 2017-12-3176,253,945USD365

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

PeriodValueUnitDays
At 2019-12-3112,823,653USD
At 2018-12-311,697,937USD
At 2017-12-315,102,959USD
At 2016-12-319,993,335USD

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 2019-12-3138,989,208USD
At 2018-12-3124,585,368USD

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 2019-12-31114,368,319USD
At 2018-12-31106,478,166USD

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 2019-12-3147,660,838USD
At 2018-12-3142,729,898USD

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 2019-12-3197,287USD
At 2018-12-31113,279USD

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 2019-12-314,000USD
At 2018-12-318,000USD

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 2019-12-31933,668USD
At 2018-12-31765,994USD

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
2019-01-01 to 2019-12-314,965,966USD365
2018-01-01 to 2018-12-313,173,391USD365
2017-01-01 to 2017-12-312,977,582USD365

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
2019-01-01 to 2019-12-31-1,063,431USD365
2018-01-01 to 2018-12-31470,310USD365
2017-01-01 to 2017-12-311,534,531USD365

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
2019-01-01 to 2019-12-31835,236USD365
2018-01-01 to 2018-12-310USD365
2017-01-01 to 2017-12-312,317USD365

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
2019-01-01 to 2019-12-31347,041USD365
2018-01-01 to 2018-12-31-1,996,181USD365
2017-01-01 to 2017-12-31-816,730USD365

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
2019-01-01 to 2019-12-312,981,920USD365
2018-01-01 to 2018-12-312,035,408USD365
2017-01-01 to 2017-12-31-686,526USD365

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
2019-01-01 to 2019-12-318,123,326USD365
2018-01-01 to 2018-12-31-323,542USD365
2017-01-01 to 2017-12-31-1,550,377USD365

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"])))