LAKE AREA CORN PROCESSORS LLC company info

CIK 1156174
IRS Number 460460790
State of incorporation SD
Business address DAKOTA ETHANOL, LLC
46269 SD HIGHWAY 34
WENTWORTH
SD
57075
Mail address DAKOTA ETHANOL, LLC
46269 SD HIGHWAY 34
WENTWORTH
SD
57075

Short summary

LAKE AREA CORN PROCESSORS LLC is a South Dakota company, with head office located at Dakota Ethanol, Llc Wentworth, South Dakota 57075. The company achieved a record breaking net income in 2014 - 39.81 million USD. In 2018 the company owned a total of 118.98 million USD worth of assets, including 21.63 million USD worth of current assets. The company amassed the most assets last year, totalling up to 118.98 million USD.

LAKE AREA CORN PROCESSORS LLC Income Statement

Name [in Millions USD]20082009201020112012201320142015201620172018Trends
Gross Profit 8.689.9920.341.4316.3235.407.5512.718.576.08
Operating Expenses 2.962.813.252.863.513.551.833.643.723.84
Operating Income (Loss) 5.727.1817.09-1.3312.8131.855.729.074.852.25
Interest expense 0.790.400.180.060.080.190.000.000.000
Net income 4.877.0417.45-1.2813.3039.818.6511.416.392.72

LAKE AREA CORN PROCESSORS LLC Balance Sheet

Name [in Millions USD]20082009201020112012201320142015201620172018Trends
Cash and cash equivalents 0.490.370.640.885.5010.218.976.829.610.076.19
Accounts Receivable, Net, Current 5.813.995.623.753.502.792.971.913.32
Inventories 12.0812.689.208.295.497.857.637.6610.81
Property, Plant and Equipment, Gross 52.1951.0251.4557.2361.8970.6672.3288.78113.90
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 23.7825.3527.6830.0532.3335.5538.5241.4744.82
Goodwill 10.4010.4010.4010.4010.4010.4010.4010.4010.40
Other Assets, Noncurrent 0.190.120.430.270.170.090.080.130.11
Total assets 65.3561.0359.8883.7976.8477.5174.7886.01118.98
Current assets 23.3921.8521.6825.3418.6919.0621.5210.8021.63
Accounts payable 3.453.155.455.593.963.084.785.997.78
Total current liabilities 9.869.236.869.456.278.966.979.4814.36
Long-term Debt, Excluding Current Maturities 0.700.300.036.630.000.000.007.8634.99
Long-term Debt 0.590.067.910.000.000.008.8635.99
Retained Earnings (Accumulated Deficit) 39.5439.80

LAKE AREA CORN PROCESSORS LLC Cash Flow

Name [in Millions USD]20082009201020112012201320142015201620172018Trends
Net income 4.877.0417.45-1.2813.3039.818.6511.416.392.72
Depreciation and amortization 2.782.762.742.662.832.943.373.382.983.17
Accounts receivable 0.800.570.13-0.09-0.80-2.490.562.43-0.82-2.00
Inventories 1.272.480.620.87-4.68-0.771.46-1.35-0.692.04
Accounts payable -1.21-0.875.402.59-1.56-4.732.21-2.02-1.55-0.32
Net Cash Provided by (Used in) Operating Activities 2.025.0225.80-0.4322.0433.4917.5415.6811.577.80
Payments to Acquire Property, Plant, and Equipment 1.030.030.041.160.518.199.894.007.9925.91
Net Cash Provided by (Used in) Investing Activities -1.03-0.060.96-1.26-12.67-8.64-8.41-2.68-18.13-26.32
Proceeds from Issuance of Long-term Debt 3.3400010.0000
Net Cash Provided by (Used in) Financing Activities -1.11-4.68-16.17-1.873.68-39.45-8.84-11.341.6815.11
Cash and Cash Equivalents, Period Increase (Decrease) -0.120.2710.59-3.5613.04-14.602.221.66-4.89-3.41