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LAKE AREA CORN PROCESSORS, LLC: 10-K filed 2023-03-09

What LAKE AREA CORN PROCESSORS, LLC reported in its annual report filed 2023-03-09 (fiscal FY 2022): 37 published measures, 159 facts as tagged in accession 0001156174-23-000004.

This filing

Form
10-K (annual report)
Filed
2023-03-09
Fiscal period
fiscal FY 2022
Accession
0001156174-23-000004 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 2022-12-31156,406,527USD
At 2021-12-31148,952,863USD

Stockholders equity

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

PeriodValueUnitDays
At 2022-12-31107,948,006USD
At 2021-12-31113,468,865USD
At 2020-12-3165,268,579USD
At 2019-12-3164,212,940USD

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 2022-12-3127,004,205USD
At 2021-12-3137,995,310USD

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
2022-10-01 to 2022-12-318,004,092USD92
2022-01-01 to 2022-12-3127,301,957USD365
2022-07-01 to 2022-09-306,509,692USD92
2022-04-01 to 2022-06-3011,122,974USD91
2022-01-01 to 2022-03-311,665,199USD90
2021-10-01 to 2021-12-3131,679,547USD92
2021-01-01 to 2021-12-3157,086,286USD365
2021-07-01 to 2021-09-308,812,557USD92
2021-04-01 to 2021-06-3010,058,652USD91
2021-01-01 to 2021-03-316,535,530USD90
2020-10-01 to 2020-12-311,506,881USD92
2020-01-01 to 2020-12-311,055,639USD366
2020-07-01 to 2020-09-305,810,426USD92
2020-04-01 to 2020-06-304,213,375USD91
2020-01-01 to 2020-03-31-10,475,043USD91

Operating cash flow

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

PeriodValueUnitDays
2022-01-01 to 2022-12-3136,623,827USD365
2021-01-01 to 2021-12-3159,720,664USD365
2020-01-01 to 2020-12-319,238,635USD366

Capital expenditure payments

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

PeriodValueUnitDays
2022-01-01 to 2022-12-319,943,710USD365
2021-01-01 to 2021-12-312,061,972USD365
2020-01-01 to 2020-12-31359,221USD366

Revenue

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

PeriodValueUnitDays
2022-10-01 to 2022-12-3168,466,005USD92
2022-01-01 to 2022-12-31282,564,697USD365
2022-07-01 to 2022-09-3074,210,499USD92
2022-04-01 to 2022-06-3075,437,299USD91
2022-01-01 to 2022-03-3164,450,894USD90
2021-10-01 to 2021-12-3182,341,329USD92
2021-01-01 to 2021-12-31258,989,603USD365
2021-07-01 to 2021-09-3063,794,494USD92
2021-04-01 to 2021-06-3064,238,127USD91
2021-01-01 to 2021-03-3148,615,653USD90
2020-10-01 to 2020-12-3138,722,957USD92
2020-01-01 to 2020-12-31130,521,814USD366
2020-07-01 to 2020-09-3033,917,787USD92
2020-04-01 to 2020-06-3025,424,832USD91
2020-01-01 to 2020-03-3132,456,238USD91

Financing cash flow

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

PeriodValueUnitDays
2022-01-01 to 2022-12-31-31,849,819USD365
2021-01-01 to 2021-12-31-37,977,324USD365
2020-01-01 to 2020-12-31-3,065,256USD366

Investing cash flow

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

PeriodValueUnitDays
2022-01-01 to 2022-12-31-15,765,113USD365
2021-01-01 to 2021-12-31-2,385,841USD365
2020-01-01 to 2020-12-31-359,221USD366

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

PeriodValueUnitDays
2022-01-01 to 2022-12-3129,620,000shares365
2021-01-01 to 2021-12-3129,620,000shares365
2020-01-01 to 2020-12-3129,620,000shares366

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

PeriodValueUnitDays
2022-01-01 to 2022-12-3129,620,000shares365
2021-01-01 to 2021-12-3129,620,000shares365
2020-01-01 to 2020-12-3129,620,000shares366

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 2022-12-3163,481,371USD
At 2021-12-3158,051,696USD

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
2022-10-01 to 2022-12-316,637,150USD92
2022-01-01 to 2022-12-3121,899,095USD365
2022-07-01 to 2022-09-306,133,380USD92
2022-04-01 to 2022-06-307,683,645USD91
2022-01-01 to 2022-03-311,444,920USD90
2021-10-01 to 2021-12-3124,593,778USD92
2021-01-01 to 2021-12-3146,283,694USD365
2021-07-01 to 2021-09-307,791,872USD92
2021-04-01 to 2021-06-308,191,959USD91
2021-01-01 to 2021-03-315,706,085USD90
2020-10-01 to 2020-12-311,079,267USD92
2020-01-01 to 2020-12-311,610,472USD366
2020-07-01 to 2020-09-305,054,469USD92
2020-04-01 to 2020-06-304,666,216USD91
2020-01-01 to 2020-03-31-9,189,480USD91

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 2022-12-3159,455,069USD
At 2021-12-3159,935,257USD

Interest expense

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

PeriodValueUnitDays
2022-01-01 to 2022-12-3190,881USD365
2021-01-01 to 2021-12-31727,452USD365
2020-01-01 to 2020-12-311,394,035USD366

Current liabilities

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

PeriodValueUnitDays
At 2022-12-3145,460,292USD
At 2021-12-3131,488,859USD

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 2022-12-3139,105,845USD
At 2021-12-3125,855,071USD

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 2022-12-3110,395,766USD
At 2021-12-3110,395,766USD

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 2022-12-311,083,258USD
At 2021-12-31876,949USD

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
2022-01-01 to 2022-12-314,954,621USD365
2021-01-01 to 2021-12-315,430,294USD365
2020-01-01 to 2020-12-314,418,074USD366

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 2022-12-3125,795,711USD
At 2021-12-3116,410,437USD

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
2022-10-01 to 2022-12-317,923,409USD92
2022-01-01 to 2022-12-3126,853,716USD365
2022-07-01 to 2022-09-307,401,848USD92
2022-04-01 to 2022-06-308,835,660USD91
2022-01-01 to 2022-03-312,692,799USD90
2021-10-01 to 2021-12-3126,247,600USD92
2021-01-01 to 2021-12-3151,713,988USD365
2021-07-01 to 2021-09-309,041,115USD92
2021-04-01 to 2021-06-309,468,054USD91
2021-01-01 to 2021-03-316,957,219USD90
2020-10-01 to 2020-12-312,219,771USD92
2020-01-01 to 2020-12-316,028,546USD366
2020-07-01 to 2020-09-306,046,492USD92
2020-04-01 to 2020-06-305,611,925USD91
2020-01-01 to 2020-03-31-7,849,642USD91

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
2022-01-01 to 2022-12-31255,710,981USD365
2021-01-01 to 2021-12-31207,275,615USD365
2020-01-01 to 2020-12-31124,493,268USD366

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 2022-12-3127,004,205USD
At 2021-12-3137,995,310USD
At 2020-12-3118,637,811USD
At 2019-12-3112,823,653USD

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 2022-12-313,998,229USD
At 2021-12-314,995,139USD

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 2022-12-31127,092,727USD
At 2021-12-31116,758,187USD

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 2022-12-3163,611,356USD
At 2021-12-3158,706,491USD

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 2022-12-315,383,310USD
At 2021-12-3165,302USD

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 2022-12-31719,113USD
At 2021-12-31914,994USD

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
2022-10-01 to 2022-12-310.26USD92
2022-01-01 to 2022-12-310.92USD365
2022-07-01 to 2022-09-300.22USD92
2022-04-01 to 2022-06-300.38USD91
2022-01-01 to 2022-03-310.06USD90
2021-10-01 to 2021-12-311.07USD92
2021-01-01 to 2021-12-311.93USD365
2021-07-01 to 2021-09-300.3USD92
2021-04-01 to 2021-06-300.34USD91
2021-01-01 to 2021-03-310.22USD90
2020-10-01 to 2020-12-310.05USD92
2020-01-01 to 2020-12-310.04USD366
2020-07-01 to 2020-09-300.2USD92
2020-04-01 to 2020-06-300.14USD91
2020-01-01 to 2020-03-31-0.35USD91

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

PeriodValueUnitDays
2022-01-01 to 2022-12-315,060,975USD365
2021-01-01 to 2021-12-315,396,440USD365
2020-01-01 to 2020-12-315,718,454USD366

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
2022-01-01 to 2022-12-315,060,975USD365
2021-01-01 to 2021-12-315,396,440USD365
2020-01-01 to 2020-12-315,718,454USD366

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
2022-01-01 to 2022-12-315,402,862USD365
2021-01-01 to 2021-12-3110,802,592USD365
2020-01-01 to 2020-12-31-554,833USD366

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
2022-01-01 to 2022-12-3183,173USD365
2021-01-01 to 2021-12-31943,736USD365
2020-01-01 to 2020-12-311,510,468USD366

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
2022-01-01 to 2022-12-311,024,414USD365
2021-01-01 to 2021-12-31-309,324USD365
2020-01-01 to 2020-12-31642,721USD366

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
2022-01-01 to 2022-12-319,385,274USD365
2021-01-01 to 2021-12-316,641,522USD365
2020-01-01 to 2020-12-31-774,506USD366

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
2022-01-01 to 2022-12-3112,646,359USD365
2021-01-01 to 2021-12-317,328,901USD365
2020-01-01 to 2020-12-314,713,782USD366

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

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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"])))