SOUTH DAKOTA SOYBEAN PROCESSORS LLC
For the period ended Dec 31, 2024. Filed Mar 28, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 28, 2025
SDSYAStored price and day change unavailable
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 6. Selected Financial Data
The following table sets forth selected financial data of South Dakota Soybean Processors, LLC for the periods indicated. The financial statements included in Item 8 of this report were audited by Eide Bailly LLP.
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Bushels processed | 33,272,916 | 33,349,230 | 34,465,628 | 34,876,323 | 34,306,674 |
| Statement of Operations Data: | |||||
| Revenues | $554,419,770 | $703,148,409 | $721,532,329 | $590,150,153 | $415,025,765 |
| Costs & expenses: | |||||
| Cost of revenues | (525,031,207) | (624,732,341) | (648,116,685) | (556,675,807) | (395,772,460) |
| Operating expenses | (6,054,341) | (6,487,573) | (5,669,426) | (4,590,227) | (3,819,645) |
| Operating income | 23,334,222 | 71,928,495 | 67,746,218 | 28,884,119 | 15,433,660 |
| Non-operating income | 4,848,180 | 2,018,285 | 1,922,642 | 758,163 | 1,239,018 |
| Interest expense | (6,419,829) | (2,837,555) | (2,204,759) | (1,634,367) | (1,090,951) |
| Income tax benefit (expense) | — | — | — | — | — |
| Net income | 21,762,573 | 71,109,225 | 67,464,101 | 28,007,915 | 15,581,727 |
| Net income attributed to non-controlling interests in consolidated entity | 1,442,756 | 659,647 | — | — | — |
| Net income | $20,319,817 | $70,449,578 | $67,464,101 | $28,007,915 | $15,581,727 |
| Weighted average capital units outstanding | 30,411,500 | 30,411,500 | 30,411,500 | 30,419,000 | 30,419,000 |
| Net income (loss) per capital unit | $0.67 | $2.32 | $2.22 | $0.92 | $0.51 |
| Balance Sheet Data: | |||||
| Working capital | $24,494,884 | $100,176,364 | $76,001,793 | $37,448,081 | $31,391,916 |
| Net property, plant & equipment | 359,781,254 | 174,927,830 | 74,559,969 | 72,532,608 | 64,231,194 |
| Total assets | 541,893,618 | 422,730,882 | 311,196,770 | 245,286,123 | 225,823,047 |
| Long-term obligations | 103,410,124 | 22,881,979 | 26,110,157 | 20,122,452 | 23,613,702 |
| Members’ equity | 178,279,321 | 197,494,454 | 163,538,676 | 113,414,905 | 94,836,880 |
| Other Data: | |||||
| Capital expenditures | $175,696,571 | $106,644,436 | $7,754,541 | $13,442,955 | $4,652,368 |
| Distributions to members | $39,534,950 | $36,493,800 | $17,338,830 | $9,429,890 | $6,692,180 |
| Distributions to members per capital unit | $1.30 | $1.20 | $0.57 | $0.31 | $0.22 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.