Company research
LAKE AREA CORN PROCESSORS LLC
CIK 1156174Updated Sep 26, 2026
SecurityLKCRU · OTC · unit
Name history
LAKE AREA ETHANOL LLC · through Aug 22, 2002LAKE AREA ETHANOL INC · through Aug 2, 2001
LKCRU price & chart
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Recent filings
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Financials
FY 2023 · USDSource
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Source
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balance sheet · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 193,384,154Source | 156,406,527Source | 148,952,863Source | 121,857,947Source |
| Property, Plant and Equipment, NetUSD | 58,830,983Source | 63,481,371Source | 58,051,696Source | 61,367,497Source |
| GoodwillUSD | 10,395,766Source | 10,395,766Source | 10,395,766Source | 10,395,766Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 36,773,989Source | 27,004,205Source | 37,995,310Source | 18,637,811Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 6,142,700Source | 1,083,258Source | 876,949Source | 585,054Source |
| Inventory, NetUSD | 14,673,710Source | 25,795,711Source | 16,410,437Source | 9,768,916Source |
| Assets, CurrentUSD | 61,486,747Source | 59,455,069Source | 59,935,257Source | 33,377,022Source |
| Other Assets, NoncurrentUSD | 7,437,578Source | 5,383,310Source | 65,302Source | 81,295Source |
| LIABILITIES AND EQUITY | ||||
| Stockholders’ equity: | ||||
| Stockholders' Equity Attributable to ParentUSD | 135,393,429Source | 107,948,006Source | 113,468,865Source | 65,268,579Source |
| Liabilities and EquityUSD | 193,384,154Source | 156,406,527Source | 148,952,863Source | 121,857,947Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 37,989,725Source | 45,460,292Source | 31,488,859Source | 21,028,131Source |
| Accounts Payable, CurrentUSD | 33,370,759Source | 39,105,845Source | 25,855,071Source | 18,526,170Source |
| Other Liabilities, NoncurrentUSD | — | — | — | 0Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 833,973Source | 719,113Source | 914,994Source | 732,544Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 20,001,000Source | — | — | — |
| Long-term Debt, Current MaturitiesUSD | 0Source | 1,000,000Source | 1,000,000Source | 1,201,628Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 20,001,000Source | 2,998,229Source | 3,995,139Source | 35,561,237Source |
cash flow · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 5,859,683Source | 5,060,975Source | 5,396,440Source | 5,718,454Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 3,208,797Source | 1,024,414Source | -309,324Source | 642,721Source |
| Increase (Decrease) in InventoriesUSD | -11,122,000Source | 9,385,274Source | 6,641,522Source | -774,506Source |
| Increase (Decrease) in Accounts PayableUSD | -5,130,669Source | 12,646,359Source | 7,328,901Source | 4,713,782Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 60,078,466Source | 36,623,827Source | 59,720,664Source | 9,238,635Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -49,255,790Source | -15,765,113Source | -2,385,841Source | -359,221Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | 44,199,624Source | 487,403Source | -323,869Source | 0Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 1,500,166Source | 9,943,710Source | 2,061,972Source | 359,221Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -497,849Source | -31,849,819Source | -37,977,324Source | -3,065,256Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 10,324,827Source | -10,991,105Source | 19,357,499Source | 5,814,158Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 37,329,032Source | 27,004,205Source | 37,995,310Source | 18,637,811Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 221,752Source | 83,173Source | 943,736Source | 1,510,468Source |
| Additional Financial Items | ||||
| DepreciationUSD | 5,859,683Source | 5,060,975Source | 5,396,439Source | 5,718,454Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | 0Source | 75,558Source | — | 0Source |
| Gain (Loss) on Extinguishment of DebtUSD | 0Source | 0Source | — | — |
| GoodwillUSD | 10,395,766Source | 10,395,766Source | 10,395,766Source | 10,395,766Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Income (Loss) from Equity Method InvestmentsUSD | 9,105,895Source | 3,703,767Source | 10,169,606Source | 343,728Source |
| Inventory Write-downUSD | 29,000Source | 2,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | 42,381,393Source | 27,301,957Source | 57,086,286Source | 1,055,639Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 1.43Source | 0.92Source | — | — |
| Nonoperating Income (Expense)USD | 12,500,097Source | 5,402,862Source | 10,802,592Source | -554,833Source |
| Operating ExpensesUSD | 5,832,995Source | 4,954,621Source | 5,430,294Source | 4,418,074Source |
| Payments of Financing CostsUSD | 34,771Source | — | — | 0Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 280,440,962Source | 282,564,697Source | 258,989,603Source | 130,521,814Source |
income statement · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Total RevenueUSD | 280,440,962Source | 282,564,697Source | 258,989,603Source | 130,521,814Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Operating Income (Loss)USD | 29,881,296Source | 21,899,095Source | 46,283,694Source | 1,610,472Source |
| Net Income (Loss) Attributable to ParentUSD | 42,381,393Source | 27,301,957Source | 57,086,286Source | 1,055,639Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 29,620,000Source | 29,620,000Source | — | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 29,620,000Source | 29,620,000Source | — | — |
| Additional Financial Items | ||||
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Gross ProfitUSD | 35,714,291Source | 26,853,716Source | 51,713,988Source | 6,028,546Source |
| Income (Loss) from Equity Method InvestmentsUSD | 9,105,895Source | 3,703,767Source | 10,169,606Source | 343,728Source |
| Interest and Other IncomeUSD | 3,606,734Source | 1,789,976Source | 1,360,438Source | 495,474Source |
| Interest ExpenseUSD | 212,532Source | 90,881Source | 727,452Source | 1,394,035Source |
| Interest Income, OtherUSD | 506,435Source | 159,395Source | 13,361Source | 3,615Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 1.43Source | 0.92Source | — | — |
| Nonoperating Income (Expense)USD | 12,500,097Source | 5,402,862Source | 10,802,592Source | -554,833Source |
| Operating ExpensesUSD | 5,832,995Source | 4,954,621Source | 5,430,294Source | 4,418,074Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 280,440,962Source | 282,564,697Source | 258,989,603Source | 130,521,814Source |