LAKE AREA CORN PROCESSORS, LLC: 10-Q filed 2022-05-16

Name: LAKE AREA CORN PROCESSORS, LLC: 10-Q filed 2022-05-16
Creator: LAKE AREA CORN PROCESSORS, LLC

What LAKE AREA CORN PROCESSORS, LLC reported in its quarterly report filed 2022-05-16 (fiscal Q1 2022): 33 published measures, 68 facts as tagged in accession 0001156174-22-000012.

This filing

Form: 10-Q (quarterly report)
Filed: 2022-05-16
Fiscal period: fiscal Q1 2022
Accession: 0001156174-22-000012 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 2022-03-31	117,430,714	USD
At 2021-12-31	148,952,863	USD

Stockholders equity

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

Period	Value	Unit	Days
At 2022-03-31	100,077,897	USD
At 2021-12-31	113,468,865	USD

Net income or loss

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

Period	Value	Unit	Days
2022-01-01 to 2022-03-31	1,665,199	USD	90
2021-01-01 to 2021-03-31	6,535,530	USD	90

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
2022-01-01 to 2022-03-31	-22,054,476	USD	90
2021-01-01 to 2021-03-31	-13,759,119	USD	90

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
2022-01-01 to 2022-03-31	2,386,032	USD	90
2021-01-01 to 2021-03-31	14,544	USD	90

Revenue

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

Period	Value	Unit	Days
2022-01-01 to 2022-03-31	64,450,894	USD	90
2021-01-01 to 2021-03-31	48,615,653	USD	90

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
2022-01-01 to 2022-03-31	-13,362,482	USD	90
2021-01-01 to 2021-03-31	-3,001,133	USD	90

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
2022-01-01 to 2022-03-31	-2,386,032	USD	90
2021-01-01 to 2021-03-31	-14,544	USD	90

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 2022-03-31	59,345,281	USD
At 2021-12-31	58,051,696	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
2022-01-01 to 2022-03-31	1,444,920	USD	90
2021-01-01 to 2021-03-31	5,706,085	USD	90

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 2022-03-31	29,625,065	USD
At 2021-12-31	59,935,257	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
2022-01-01 to 2022-03-31	32,726	USD	90
2021-01-01 to 2021-03-31	286,163	USD	90

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 2022-03-31	11,357,095	USD
At 2021-12-31	31,488,859	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 2022-03-31	6,540,525	USD
At 2021-12-31	25,855,071	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 2022-03-31	10,395,766	USD
At 2021-12-31	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 2022-03-31	1,006,716	USD
At 2021-12-31	876,949	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
2022-01-01 to 2022-03-31	1,247,879	USD	90
2021-01-01 to 2021-03-31	1,251,134	USD	90

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 2022-03-31	19,589,089	USD
At 2021-12-31	16,410,437	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
2022-01-01 to 2022-03-31	2,692,799	USD	90
2021-01-01 to 2021-03-31	6,957,219	USD	90

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
2022-01-01 to 2022-03-31	61,758,095	USD	90
2021-01-01 to 2021-03-31	41,658,434	USD	90

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.

Period	Value	Unit
At 2022-03-31	192,320	USD
At 2021-12-31	37,995,310	USD
At 2021-03-31	1,863,015	USD
At 2020-12-31	18,637,811	USD

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 2022-03-31	6,995,722	USD
At 2021-12-31	4,995,139	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 2022-03-31	119,264,316	USD
At 2021-12-31	116,758,187	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 2022-03-31	59,919,035	USD
At 2021-12-31	58,706,491	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 2022-03-31	61,304	USD
At 2021-12-31	65,302	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 2022-03-31	514,518	USD
At 2021-12-31	914,994	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
2022-01-01 to 2022-03-31	1,665,199	USD	90
2021-01-01 to 2021-03-31	6,535,530	USD	90

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
2022-01-01 to 2022-03-31	1,222,429	USD	90
2021-01-01 to 2021-03-31	1,422,959	USD	90

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
2022-01-01 to 2022-03-31	220,279	USD	90
2021-01-01 to 2021-03-31	829,445	USD	90

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
2022-01-01 to 2022-03-31	50,316	USD	90
2021-01-01 to 2021-03-31	237,064	USD	90

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
2022-01-01 to 2022-03-31	-819,094	USD	90
2021-01-01 to 2021-03-31	1,617,758	USD	90

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
2022-01-01 to 2022-03-31	3,178,651	USD	90
2021-01-01 to 2021-03-31	4,468,766	USD	90

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
2022-01-01 to 2022-03-31	-21,814,546	USD	90
2021-01-01 to 2021-03-31	-13,295,337	USD	90

Inspect the source

Entity: LAKE AREA CORN PROCESSORS, LLC / CIK 0001156174
Captured: 2026-09-22 19:40 UTC
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"])))