Company: SDSYA
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001163609-25-000017
Chunk: 16

Company: SOUTH DAKOTA SOYBEAN PROCESSORS LLC
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 16
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 as of March 31, 2025:RailcarsOtherTotalTwelve-month periods ended March 31:2026$5,163,159 $73,950 $5,237,109 20274,958,634 69,416 5,028,050 20284,199,909 64,902 4,264,811 20294,191,219 52,289 4,243,508 20304,041,594 32,117 4,073,711 Thereafter17,735,294 48,607 17,783,901 Total lease payments40,289,809 341,281 40,631,090 Less amount of lease payments representing interest(7,941,852)(52,796)(7,994,648)Total present value of lease payments$32,347,957 $288,485 $32,636,442 

Note 7 -        Member Distribution

On February 4, 2025, the Company’s Board of Managers declared and approved a cash distribution of approximately $7.6 million, or $0.25 per capital unit. The distribution was paid in accordance with the Company’s operating agreement and distribution policy in February 06, 2025.

Note 8 -         Derivative Instruments and Hedging Activities

In the ordinary course of business, the Company enters into contractual arrangements as a means of managing exposure to changes in commodity prices and, occasionally, foreign exchange and interest rates. The Company’s derivative instruments primarily consist of commodity futures, options and forward contracts, and interest rate swaps, caps and floors. Although these contracts may be effective economic hedges of specified risks, they are not designated as, nor accounted for, as hedging instruments. Futures and options contracts, along with margin deposit, are with a single counterparty and are subject to a right of offset. As a result, these items are netted on the balance sheet, regardless of their position. In contrast, forward contracts are with multiple counterparties and do not have a right of offset. Therefore, these contracts are reported at their gross amounts on the balance sheet. These contracts are recorded on the Company’s consolidated balance sheets at fair value as discussed in Note 9, Fair Value.Derivatives not designated as hedging instruments at of March 31, 2025 and December 31, 2024 were as follows: Balance Sheet ClassificationMarch 31,