Company: SDSYA
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001163609-25-000032
Chunk: 17

Company: SOUTH DAKOTA SOYBEAN PROCESSORS LLC
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 17
---
 - operating leases (in years)8.8Weighted-average discount rate - operating leases4.9 %The following is a maturity analysis of the undiscounted cash flows of the operating lease liabilities as of September 30, 2025:RailcarsOtherTotalTwelve-month periods ended September 30:2026$5,527,475 $72,125 $5,599,600 20274,921,310 69,000 4,990,310 20282,593,355 60,760 2,654,115 20294,589,372 42,306 4,631,678 20304,091,946 27,776 4,119,722 Thereafter16,520,933 34,720 16,555,653 Total lease payments38,244,391 306,687 38,551,078 Less amount of lease payments representing interest(5,601,059)(45,787)(5,646,846)Total present value of lease payments$32,643,332 $260,900 $32,904,232 

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 on February 6, 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,