Skip to content

LAKE AREA CORN PROCESSORS, LLC: 10-Q filed 2024-08-13

What LAKE AREA CORN PROCESSORS, LLC reported in its quarterly report filed 2024-08-13 (fiscal Q2 2024): 34 published measures, 88 facts as tagged in accession 0001156174-24-000034.

This filing

Form
10-Q (quarterly report)
Filed
2024-08-13
Fiscal period
fiscal Q2 2024
Accession
0001156174-24-000034 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 2024-06-30162,174,214USD
At 2023-12-31193,384,154USD

Stockholders equity

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

PeriodValueUnitDays
At 2024-06-30141,108,582USD
At 2023-12-31135,393,429USD

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 2024-06-304,619,884USD
At 2023-12-3136,773,989USD

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
2024-04-01 to 2024-06-3012,414,699USD91
2024-01-01 to 2024-06-3014,772,353USD182
2024-01-01 to 2024-03-312,357,654USD91
2023-04-01 to 2023-06-308,628,786USD91
2023-01-01 to 2023-06-3012,045,846USD181
2023-01-01 to 2023-03-313,417,060USD90

Operating cash flow

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

PeriodValueUnitDays
2024-01-01 to 2024-06-30-2,231,814USD182
2023-01-01 to 2023-06-30-7,224,451USD181

Capital expenditure payments

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

PeriodValueUnitDays
2024-01-01 to 2024-06-306,211,605USD182
2023-01-01 to 2023-06-301,013,203USD181

Revenue

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

PeriodValueUnitDays
2024-04-01 to 2024-06-3049,439,857USD91
2024-01-01 to 2024-06-3096,087,538USD182
2023-04-01 to 2023-06-3074,179,247USD91
2023-01-01 to 2023-06-30152,020,353USD181

Financing cash flow

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

PeriodValueUnitDays
2024-01-01 to 2024-06-30-23,696,071USD182
2023-01-01 to 2023-06-30-2,394,049USD181

Investing cash flow

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

PeriodValueUnitDays
2024-01-01 to 2024-06-30-6,211,605USD182
2023-01-01 to 2023-06-30-3,383,870USD181

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 2024-06-3062,321,543USD
At 2023-12-3158,830,983USD

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
2024-04-01 to 2024-06-306,532,860USD91
2024-01-01 to 2024-06-307,846,629USD182
2023-04-01 to 2023-06-304,527,864USD91
2023-01-01 to 2023-06-306,974,956USD181

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 2024-06-3026,997,583USD
At 2023-12-3161,486,747USD

Interest expense

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

PeriodValueUnitDays
2024-04-01 to 2024-06-30247,331USD91
2024-01-01 to 2024-06-30333,100USD182
2023-04-01 to 2023-06-3071,150USD91
2023-01-01 to 2023-06-30161,442USD181

Current liabilities

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

PeriodValueUnitDays
At 2024-06-3017,064,632USD
At 2023-12-3137,989,725USD

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 2024-06-3010,978,974USD
At 2023-12-3133,370,759USD

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 2024-06-3010,395,766USD
At 2023-12-3110,395,766USD

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 2024-06-303,305,017USD
At 2023-12-316,142,700USD

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
2024-04-01 to 2024-06-301,359,416USD91
2024-01-01 to 2024-06-302,631,669USD182
2023-04-01 to 2023-06-301,303,144USD91
2023-01-01 to 2023-06-302,754,646USD181

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 2024-06-3015,303,167USD
At 2023-12-3114,673,710USD

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
2024-04-01 to 2024-06-307,892,276USD91
2024-01-01 to 2024-06-3010,478,298USD182
2023-04-01 to 2023-06-305,831,008USD91
2023-01-01 to 2023-06-309,729,602USD181

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
2024-04-01 to 2024-06-3041,547,581USD91
2024-01-01 to 2024-06-3085,609,240USD182
2023-04-01 to 2023-06-3068,348,239USD91
2023-01-01 to 2023-06-30142,290,751USD181

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 2024-06-305,189,542USD
At 2023-12-3137,329,032USD
At 2023-06-3014,001,835USD
At 2022-12-3127,004,205USD

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 2024-06-304,001,000USD
At 2023-12-3120,001,000USD

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 2024-06-30134,125,036USD
At 2023-12-31127,980,781USD

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 2024-06-3071,803,493USD
At 2023-12-3169,149,798USD

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 2024-06-306,558,302USD
At 2023-12-317,437,578USD

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 2024-06-30851,970USD
At 2023-12-31833,973USD

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
2024-01-01 to 2024-06-3014,772,353USD182
2023-01-01 to 2023-06-3012,045,846USD181

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
2024-01-01 to 2024-06-305,453,606USD182
2023-01-01 to 2023-06-302,786,995USD181

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
2024-04-01 to 2024-06-305,881,839USD91
2024-01-01 to 2024-06-306,925,724USD182
2023-04-01 to 2023-06-304,100,922USD91
2023-01-01 to 2023-06-305,070,890USD181

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
2024-01-01 to 2024-06-30118,269USD182
2023-01-01 to 2023-06-30169,199USD181

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
2024-01-01 to 2024-06-30-2,837,684USD182
2023-01-01 to 2023-06-307,515,014USD181

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
2024-01-01 to 2024-06-30629,457USD182
2023-01-01 to 2023-06-30-6,082,595USD181

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
2024-01-01 to 2024-06-30-22,391,786USD182
2023-01-01 to 2023-06-30-24,171,832USD181

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"])))