10-Q Filing

SOUTH DAKOTA SOYBEAN PROCESSORS LLC CIK: 1163609 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001144204-12-029189`
Period End Date	20120331
Filing Date	20120515
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	sdsp-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 44 Cash Flow Statement 60

Balance Sheet 61 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$150.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$150.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$150.00	USD	Point-in-time
Trade accounts receivable	`AccountsReceivableNetCurrent`	$24.37M	USD	Point-in-time
Subscriptions receivable (in dollars)	`SubscriptionsReceivable`	$2.26K	USD	Point-in-time
Subscriptions receivable (in dollars)	`SubscriptionsReceivable`	$2.26K	USD	Point-in-time
Trade accounts receivable	`AccountsReceivableNetCurrent`	$18.63M	USD	Point-in-time
Inventories	`InventoryNet`	$29.71M	USD	Point-in-time
Inventories	`InventoryNet`	$33.91M	USD	Point-in-time
Margin deposits	`MarginDepositAssets`	$1.61M	USD	Point-in-time
Margin deposits	`MarginDepositAssets`	$5.62M	USD	Point-in-time
Assets of discontinued division	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$749.78K	USD	Point-in-time
Assets of discontinued division	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$889.74K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$848.12K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$828.29K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$55.68M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$61.49M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$61.12M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentGross`	$61.17M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$35.14M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$34.73M	USD	Point-in-time
Total property and equipment, net	`PropertyPlantAndEquipmentNet`	$26.03M	USD	Point-in-time
Total property and equipment, net	`PropertyPlantAndEquipmentNet`	$26.40M	USD	Point-in-time
Investments in cooperatives	`InvestmentInCooperatives`	$7.87M	USD	Point-in-time
Investments in cooperatives	`InvestmentInCooperatives`	$8.20M	USD	Point-in-time
Notes receivable - members	`NotesReceivableRelatedPartiesNoncurrent`	$147.06K	USD	Point-in-time
Notes receivable - members	`NotesReceivableRelatedPartiesNoncurrent`	$147.68K	USD	Point-in-time
Other intangible assets, net	`OtherIntangibleAssetsNet`	$10.14K	USD	Point-in-time
Other intangible assets, net	`OtherIntangibleAssetsNet`	$9.66K	USD	Point-in-time
Total other assets	`AssetsNoncurrentExcludingPropertyPlantAndEquipment`	$8.03M	USD	Point-in-time
Total other assets	`AssetsNoncurrentExcludingPropertyPlantAndEquipment`	$8.35M	USD	Point-in-time
Total assets	`Assets`	$95.88M	USD	Point-in-time
Total assets	`Assets`	$90.11M	USD	Point-in-time
Excess of outstanding checks over bank balance	`BankOverdrafts`	$6.28M	USD	Point-in-time
Excess of outstanding checks over bank balance	`BankOverdrafts`	$4.39M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$2.60M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$605.00K	USD	Point-in-time
Note payable - seasonal loan	`NotesPayableSeasonalLoanCurrent`	$15.96M	USD	Point-in-time
Note payable - seasonal loan	`NotesPayableSeasonalLoanCurrent`	-	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$874.43K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.15M	USD	Point-in-time
Accrued commodity purchases	`AccruedCommodityPurchasesCurrent`	$41.06M	USD	Point-in-time
Accrued commodity purchases	`AccruedCommodityPurchasesCurrent`	$25.30M	USD	Point-in-time
Accrued expenses	`OtherAccruedLiabilitiesCurrent`	$1.75M	USD	Point-in-time
Accrued expenses	`OtherAccruedLiabilitiesCurrent`	$1.46M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$278.67K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$275.77K	USD	Point-in-time
Liabilities of discontinued division	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$6.05K	USD	Point-in-time
Liabilities of discontinued division	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$3.49K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$48.94M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$53.06M	USD	Point-in-time
Long-term debt, less current maturities	`LongTermDebtNoncurrent`	$12.90M	USD	Point-in-time
Long-term debt, less current maturities	`LongTermDebtNoncurrent`	$14.20M	USD	Point-in-time
Deferred liabilities	`DeferredLiabilitiesNoncurrent`	$47.97K	USD	Point-in-time
Deferred liabilities	`DeferredLiabilitiesNoncurrent`	$185.05K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$13.09M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$14.25M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Total liabilities and members' equity	`LiabilitiesAndStockholdersEquity`	$90.11M	USD	Point-in-time
Total liabilities and members' equity	`LiabilitiesAndStockholdersEquity`	$95.88M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net revenues	`SalesRevenueNet`	$99.89M	USD	1 Quarter
Net revenues	`SalesRevenueNet`	$85.89M	USD	1 Quarter
Cost of product sold	`CostOfGoodsSoldDirectMaterials`	$92.00M	USD	1 Quarter
Cost of product sold	`CostOfGoodsSoldDirectMaterials`	$73.43M	USD	1 Quarter
Production	`CostOfProduction`	$3.91M	USD	1 Quarter
Production	`CostOfProduction`	$3.59M	USD	1 Quarter
Freight and rail	`FreightAndRail`	$5.73M	USD	1 Quarter
Freight and rail	`FreightAndRail`	$4.87M	USD	1 Quarter
Brokerage fees	`BrokerageFees`	$106.33K	USD	1 Quarter
Brokerage fees	`BrokerageFees`	$82.14K	USD	1 Quarter
Total cost of revenues	`CostOfRevenue`	$83.17M	USD	1 Quarter
Total cost of revenues	`CostOfRevenue`	$100.55M	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$-659.56K	USD	1 Quarter
Gross profit (loss)	`GrossProfit`	$2.72M	USD	1 Quarter
Administration	`GeneralAndAdministrativeExpense`	$677.90K	USD	1 Quarter
Administration	`GeneralAndAdministrativeExpense`	$619.01K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$2.10M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-1.34M	USD	1 Quarter
Interest expense	`InterestExpense`	$448.30K	USD	1 Quarter
Interest expense	`InterestExpense`	$345.23K	USD	1 Quarter
Other non-operating income	`OtherNonoperatingIncome`	$365.83K	USD	1 Quarter
Other non-operating income	`OtherNonoperatingIncome`	$560.56K	USD	1 Quarter
Patronage dividend income	`InvestmentIncomeDividend`	$292.21K	USD	1 Quarter
Patronage dividend income	`InvestmentIncomeDividend`	$576.73K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$404.47K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$597.33K	USD	1 Quarter
Income (loss) from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-932.99K	USD	1 Quarter
Income (loss) from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.70M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$300.00	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income (loss) from continued operations	`IncomeLossFromContinuingOperations`	$-933.29K	USD	1 Quarter
Income (loss) from continued operations	`IncomeLossFromContinuingOperations`	$2.70M	USD	1 Quarter
Income (loss) from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-448.95K	USD	1 Quarter
Income (loss) from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$116.43K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.82M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.38M	USD	1 Quarter
Income (loss) from continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.03	USD	1 Quarter
Income (loss) from continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$0.09	USD	1 Quarter
Income (loss) from discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$-0.01	USD	1 Quarter
Income (loss) from discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	1 Quarter
Net income (loss) (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	1 Quarter
Net income (loss) (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.09	USD	1 Quarter
Weighted average number of capital units outstanding for calculation of basic and diluted earnings (loss) per capital unit (in shares)	`WeightedAverageNumberOfUnitsOutstandingForCalculationOfBasicAndDilutedLossPerCapitalUnit`	30.42M	shares	1 Quarter
Weighted average number of capital units outstanding for calculation of basic and diluted earnings (loss) per capital unit (in shares)	`WeightedAverageNumberOfUnitsOutstandingForCalculationOfBasicAndDilutedLossPerCapitalUnit`	30.42M	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$2.82M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.38M	USD	1 Quarter
(Income) loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-448.95K	USD	1 Quarter
(Income) loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$116.43K	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$-933.29K	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$2.70M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$438.99K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$485.41K	USD	1 Quarter
Gain on sales of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Gain on sales of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$6.40K	USD	1 Quarter
Non-cash patronage dividends	`NoncashPatronageDividends`	$102.27K	USD	1 Quarter
Non-cash patronage dividends	`NoncashPatronageDividends`	$327.17K	USD	1 Quarter
Change in current assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$1.88M	USD	1 Quarter
Change in current assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$21.55M	USD	1 Quarter
Net cash used for operating activities of continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-18.74M	USD	1 Quarter
Net cash used for operating activities of continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-2.43M	USD	1 Quarter
Net cash from (used for) operating activities of discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$258.95K	USD	1 Quarter
Net cash from (used for) operating activities of discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-249.64K	USD	1 Quarter
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-18.49M	USD	1 Quarter
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.68M	USD	1 Quarter
Retirement of patronage dividends	`ProceedsFromRetirementOfPatronageDividends`	$76.58K	USD	1 Quarter
Retirement of patronage dividends	`ProceedsFromRetirementOfPatronageDividends`	-	USD	1 Quarter
Decrease in member loans	`IncreaseDecreaseInMemberLoans`	-	USD	1 Quarter
Decrease in member loans	`IncreaseDecreaseInMemberLoans`	$-619.00	USD	1 Quarter
Proceeds from sales of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Proceeds from sales of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$7.75K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$74.08K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.33M	USD	1 Quarter
Net cash used for investing activities of continued operations	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.25M	USD	1 Quarter
Net cash used for investing activities of continued operations	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-65.71K	USD	1 Quarter
Net cash used for investing activities of discontinued operations	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	$-22.52K	USD	1 Quarter
Net cash used for investing activities of discontinued operations	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	-	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.28M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-65.71K	USD	1 Quarter
Change in excess of outstanding checks over bank balances	`IncreaseDecreaseInOutstandingChecksFinancingActivities`	$1.48M	USD	1 Quarter
Change in excess of outstanding checks over bank balances	`IncreaseDecreaseInOutstandingChecksFinancingActivities`	$1.89M	USD	1 Quarter
Net proceeds (payments) from seasonal borrowings	`NetPaymentsProceedsFromSeasonalBorrowings`	$1.07M	USD	1 Quarter
Net proceeds (payments) from seasonal borrowings	`NetPaymentsProceedsFromSeasonalBorrowings`	$15.96M	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$1.55M	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$1.46M	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$853.00K	USD	1 Quarter
Net cash from financing activities of continuing operations	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$4.01M	USD	1 Quarter
Net cash from financing activities of continuing operations	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$18.55M	USD	1 Quarter
Net cash used for financing activities of discontinued operations	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	$-57.27K	USD	1 Quarter
Net cash used for financing activities of discontinued operations	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	-	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.96M	USD	1 Quarter
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$18.55M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$150.00	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$150.00	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$150.00	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$150.00	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$150.00	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$150.00	USD	Point-in-time
Interest	`InterestPaid`	$348.13K	USD	1 Quarter
Interest	`InterestPaid`	$491.48K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.