10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001163609-14-000017 |
| Period End Date | 20140331 |
| Filing Date | 20140509 |
| Fiscal Year | 2014 |
| Fiscal Period | Q1 |
| XBRL Instance | sdsp-20140331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
64 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Trade accounts receivable, allowance |
AllowanceForDoubtfulAccountsReceivable
|
$1.50M | USD | Point-in-time |
| Trade accounts receivable, allowance |
AllowanceForDoubtfulAccountsReceivable
|
- | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$50.00 | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$50.00 | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$49.14K | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$292.87K | USD | Point-in-time |
| Trade accounts receivable, less allowance for uncollectible accounts of $1,500,000 and $0 at March 31, 2014 and December 31, 2013, respectively |
AccountsReceivableNetCurrent
|
$22.13M | USD | Point-in-time |
| Trade accounts receivable, less allowance for uncollectible accounts of $1,500,000 and $0 at March 31, 2014 and December 31, 2013, respectively |
AccountsReceivableNetCurrent
|
$30.93M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$64.80M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$58.70M | USD | Point-in-time |
| Margin deposits |
MarginDepositAssets
|
$1.69M | USD | Point-in-time |
| Margin deposits |
MarginDepositAssets
|
$2.06M | USD | Point-in-time |
| Assets of discontinued division |
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
$155.42K | USD | Point-in-time |
| Assets of discontinued division |
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
$155.42K | USD | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrent
|
$1.53M | USD | Point-in-time |
| Prepaid expenses |
PrepaidExpenseCurrent
|
$1.23M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$84.33M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$99.10M | USD | Point-in-time |
| Property and equipment |
PropertyPlantAndEquipmentGross
|
$67.75M | USD | Point-in-time |
| Property and equipment |
PropertyPlantAndEquipmentGross
|
$68.21M | USD | Point-in-time |
| Less accumulated depreciation |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$37.91M | USD | Point-in-time |
| Less accumulated depreciation |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$38.46M | USD | Point-in-time |
| Total property and equipment, net |
PropertyPlantAndEquipmentNet
|
$29.84M | USD | Point-in-time |
| Total property and equipment, net |
PropertyPlantAndEquipmentNet
|
$29.75M | USD | Point-in-time |
| Investments in cooperatives |
InvestmentInCooperatives
|
$6.06M | USD | Point-in-time |
| Investments in cooperatives |
InvestmentInCooperatives
|
$6.84M | USD | Point-in-time |
| Notes receivable - members |
NotesReceivableRelatedPartiesNoncurrent
|
$145.71K | USD | Point-in-time |
| Notes receivable - members |
NotesReceivableRelatedPartiesNoncurrent
|
- | USD | Point-in-time |
| Other intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$5.79K | USD | Point-in-time |
| Other intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$6.28K | USD | Point-in-time |
| Total other assets |
AssetsNoncurrentExcludingPropertyPlantAndEquipment
|
$6.84M | USD | Point-in-time |
| Total other assets |
AssetsNoncurrentExcludingPropertyPlantAndEquipment
|
$6.22M | USD | Point-in-time |
| Total assets |
Assets
|
$120.92M | USD | Point-in-time |
| Total assets |
Assets
|
$135.16M | USD | Point-in-time |
| Excess of outstanding checks over bank balance |
BankOverdrafts
|
$12.37M | USD | Point-in-time |
| Excess of outstanding checks over bank balance |
BankOverdrafts
|
$2.31M | USD | Point-in-time |
| Current maturities of long-term debt |
LongTermDebtCurrent
|
$2.65M | USD | Point-in-time |
| Current maturities of long-term debt |
LongTermDebtCurrent
|
$51.36K | USD | Point-in-time |
| Note payable - seasonal loan |
NotesPayableSeasonalLoanCurrent
|
$28.20M | USD | Point-in-time |
| Note payable - seasonal loan |
NotesPayableSeasonalLoanCurrent
|
- | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$1.93M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$1.16M | USD | Point-in-time |
| Member distributions payable |
DividendsPayableCurrentAndNoncurrent
|
$715.62K | USD | Point-in-time |
| Member distributions payable |
DividendsPayableCurrentAndNoncurrent
|
$11.00M | USD | Point-in-time |
| Accrued commodity purchases |
AccruedCommodityPurchasesCurrent
|
$54.67M | USD | Point-in-time |
| Accrued commodity purchases |
AccruedCommodityPurchasesCurrent
|
$25.95M | USD | Point-in-time |
| Accrued expenses |
OtherAccruedLiabilitiesCurrent
|
$3.31M | USD | Point-in-time |
| Accrued expenses |
OtherAccruedLiabilitiesCurrent
|
$2.18M | USD | Point-in-time |
| Accrued interest |
InterestPayableCurrent
|
$347.97K | USD | Point-in-time |
| Accrued interest |
InterestPayableCurrent
|
$327.43K | USD | Point-in-time |
| Deferred liabilities - current |
DeferredRevenueAndLiabilitiesCurrent
|
$517.17K | USD | Point-in-time |
| Deferred liabilities - current |
DeferredRevenueAndLiabilitiesCurrent
|
$858.47K | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$84.52M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$64.04M | USD | Point-in-time |
| Long-term debt, less current maturities |
LongTermDebtNoncurrent
|
$4.04M | USD | Point-in-time |
| Long-term debt, less current maturities |
LongTermDebtNoncurrent
|
$8.61M | USD | Point-in-time |
| Deferred liabilities, less current maturities |
DeferredRevenueAndLiabilitiesNoncurrent
|
$55.42K | USD | Point-in-time |
| Deferred liabilities, less current maturities |
DeferredRevenueAndLiabilitiesNoncurrent
|
$55.44K | USD | Point-in-time |
| Total long-term liabilities |
LiabilitiesNoncurrent
|
$4.09M | USD | Point-in-time |
| Total long-term liabilities |
LiabilitiesNoncurrent
|
$8.67M | 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
|
$120.92M | USD | Point-in-time |
| Total liabilities and members' equity |
LiabilitiesAndStockholdersEquity
|
$135.16M | USD | Point-in-time |
Income Statement
44 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net revenues |
SalesRevenueNet
|
$110.52M | USD | 1 Quarter |
| Net revenues |
SalesRevenueNet
|
$101.27M | USD | 1 Quarter |
| Cost of product sold |
CostOfGoodsSoldDirectMaterials
|
$92.19M | USD | 1 Quarter |
| Cost of product sold |
CostOfGoodsSoldDirectMaterials
|
$86.33M | USD | 1 Quarter |
| Production |
ProductionCost
|
$5.29M | USD | 1 Quarter |
| Production |
ProductionCost
|
$4.35M | USD | 1 Quarter |
| Freight and rail |
FreightAndRailCosts
|
$7.09M | USD | 1 Quarter |
| Freight and rail |
FreightAndRailCosts
|
$6.70M | USD | 1 Quarter |
| Brokerage fees |
BrokerageFees
|
$154.82K | USD | 1 Quarter |
| Brokerage fees |
BrokerageFees
|
$138.47K | USD | 1 Quarter |
| Total cost of revenues |
CostOfRevenue
|
$103.78M | USD | 1 Quarter |
| Total cost of revenues |
CostOfRevenue
|
$98.46M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$2.81M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$6.74M | USD | 1 Quarter |
| Administration |
GeneralAndAdministrativeExpense
|
$760.97K | USD | 1 Quarter |
| Administration |
GeneralAndAdministrativeExpense
|
$2.16M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$654.89K | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$5.97M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$500.11K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$303.70K | USD | 1 Quarter |
| Other non-operating income |
OtherNonoperatingIncome
|
$340.59K | USD | 1 Quarter |
| Other non-operating income |
OtherNonoperatingIncome
|
$516.17K | USD | 1 Quarter |
| Patronage dividend income |
InvestmentIncomeDividend
|
$1.52M | USD | 1 Quarter |
| Patronage dividend income |
InvestmentIncomeDividend
|
$1.07M | USD | 1 Quarter |
| Total other income (expense) |
NonoperatingIncomeExpense
|
$915.21K | USD | 1 Quarter |
| Total other income (expense) |
NonoperatingIncomeExpense
|
$1.73M | USD | 1 Quarter |
| Income from continuing operations before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$2.39M | USD | 1 Quarter |
| Income from continuing operations before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$6.89M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$1.00K | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
- | USD | 1 Quarter |
| Income from continuing operations |
IncomeLossFromContinuingOperations
|
$6.89M | USD | 1 Quarter |
| Income from continuing operations |
IncomeLossFromContinuingOperations
|
$2.39M | USD | 1 Quarter |
| Gain (loss) from discontinued operations |
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
$-8.73K | USD | 1 Quarter |
| Gain (loss) from discontinued operations |
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
- | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$6.88M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$2.39M | USD | 1 Quarter |
| Income from continuing operations (in dollars per share) |
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
$0.08 | USD | 1 Quarter |
| Income from continuing operations (in dollars per share) |
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
$0.23 | USD | 1 Quarter |
| Loss from discontinued operations (in dollars per share) |
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
|
- | USD | 1 Quarter |
| Loss from discontinued operations (in dollars per share) |
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
|
- | USD | 1 Quarter |
| Net income (in dollars per share) |
EarningsPerShareBasicAndDiluted
|
$0.08 | USD | 1 Quarter |
| Net income (in dollars per share) |
EarningsPerShareBasicAndDiluted
|
$0.23 | USD | 1 Quarter |
| Weighted average number of capital units outstanding for calculation of basic and diluted earnings 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 per capital unit (in shares) |
WeightedAverageNumberOfUnitsOutstandingForCalculationOfBasicAndDilutedLossPerCapitalUnit
|
30.42M | shares | 1 Quarter |
Cash Flow Statement
54 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$6.88M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$2.39M | USD | 1 Quarter |
| Loss from discontinued operations |
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
$-8.73K | USD | 1 Quarter |
| Loss from discontinued operations |
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
- | USD | 1 Quarter |
| Income from continued operations |
IncomeLossFromContinuingOperations
|
$6.89M | USD | 1 Quarter |
| Income from continued operations |
IncomeLossFromContinuingOperations
|
$2.39M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$543.60K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$475.54K | USD | 1 Quarter |
| Non-cash patronage dividends |
NoncashPatronageDividends
|
$896.80K | USD | 1 Quarter |
| Non-cash patronage dividends |
NoncashPatronageDividends
|
$591.10K | USD | 1 Quarter |
| Change in current assets and liabilities |
IncreaseDecreaseInOperatingCapital
|
$28.01M | USD | 1 Quarter |
| Change in current assets and liabilities |
IncreaseDecreaseInOperatingCapital
|
$16.12M | USD | 1 Quarter |
| Net cash used for operating activities of continuing operations |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$-21.24M | USD | 1 Quarter |
| Net cash used for operating activities of continuing operations |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$-14.09M | USD | 1 Quarter |
| Net cash used for operating activities of discontinued operations |
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
|
- | USD | 1 Quarter |
| Net cash used for operating activities of discontinued operations |
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
|
$-5.94K | USD | 1 Quarter |
| Net cash used for operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-14.09M | USD | 1 Quarter |
| Net cash used for operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-21.24M | USD | 1 Quarter |
| Retirement of patronage dividends |
ProceedsFromRetirementOfPatronageDividends
|
$124.82K | USD | 1 Quarter |
| Retirement of patronage dividends |
ProceedsFromRetirementOfPatronageDividends
|
$2.72M | USD | 1 Quarter |
| Decrease in member loans |
IncreaseDecreaseInMemberLoans
|
$-983.00 | USD | 1 Quarter |
| Decrease in member loans |
IncreaseDecreaseInMemberLoans
|
$-145.71K | USD | 1 Quarter |
| Purchase of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$456.00K | USD | 1 Quarter |
| Purchase of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$531.12K | USD | 1 Quarter |
| Net cash from (used for) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-185.47K | USD | 1 Quarter |
| Net cash from (used for) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$2.19M | USD | 1 Quarter |
| Change in excess of outstanding checks over bank balances |
ProceedsFromRepaymentsOfBankOverdrafts
|
$2.39M | USD | 1 Quarter |
| Change in excess of outstanding checks over bank balances |
ProceedsFromRepaymentsOfBankOverdrafts
|
$-10.06M | USD | 1 Quarter |
| Net proceeds (payments) from seasonal borrowings |
ProceedsFromPaymentsOfSeasonalBorrwings
|
$22.74M | USD | 1 Quarter |
| Net proceeds (payments) from seasonal borrowings |
ProceedsFromPaymentsOfSeasonalBorrwings
|
$28.20M | USD | 1 Quarter |
| Distributions to members |
DistributionToMembers
|
$5.08M | USD | 1 Quarter |
| Distributions to members |
DistributionToMembers
|
$11.00M | USD | 1 Quarter |
| Decrease in subscriptions receivable |
DecreaseInSubscriptionsReceivable
|
$2.26K | USD | 1 Quarter |
| Decrease in subscriptions receivable |
DecreaseInSubscriptionsReceivable
|
- | USD | 1 Quarter |
| Proceeds from long-term debt |
ProceedsFromIssuanceOfLongTermDebt
|
- | USD | 1 Quarter |
| Proceeds from long-term debt |
ProceedsFromIssuanceOfLongTermDebt
|
$14.73M | USD | 1 Quarter |
| Principal payments on long-term debt |
RepaymentsOfLongTermDebt
|
$7.55M | USD | 1 Quarter |
| Principal payments on long-term debt |
RepaymentsOfLongTermDebt
|
$1.30M | USD | 1 Quarter |
| Net cash from financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$18.76M | USD | 1 Quarter |
| Net cash from financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$14.32M | USD | 1 Quarter |
| Net change in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-292.82K | USD | 1 Quarter |
| Net change in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$49.09K | USD | 1 Quarter |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$50.00 | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$50.00 | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$49.14K | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$292.87K | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$50.00 | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$50.00 | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$49.14K | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$292.87K | USD | Point-in-time |
| Interest |
InterestPaid
|
$578.10K | USD | 1 Quarter |
| Interest |
InterestPaid
|
$283.15K | USD | 1 Quarter |
| Income taxes |
IncomeTaxesPaid
|
- | USD | 1 Quarter |
| Income taxes |
IncomeTaxesPaid
|
$1.00K | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.