Company: SDSYA
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001163609-25-000017
Chunk: 9

Company: SOUTH DAKOTA SOYBEAN PROCESSORS LLC
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 9
---
,432)Non-cash patronage dividends(184,892)(59,701)Change in current operating assets and liabilities(45,701,126)(37,843,896)Net cash used in operating activities(39,947,126)(31,816,910)Investing activities  Increase in other assets— (319,500)Purchase of property and equipment(60,803,453)(22,819,989)Net cash used in investing activities(60,803,453)(23,139,489)Financing activities  Change in excess of outstanding checks over bank balances(4,892,636)(10,752,187)Net proceeds (payments) from seasonal borrowings7,352,079 54,255,183 Proceeds from issuance of capital units— 57,500,000 Distributions paid to members(7,672,273)(39,534,950)Proceeds from long-term debt76,037,177 56,400,000 Principal payments on long-term debt(3,250,000)(600,000)Net cash provided by financing activities67,574,347 117,268,046 Net change in cash and cash equivalents(33,176,232)62,311,647 Cash and cash equivalents, beginning of period39,594,084 72,910,336 Cash and cash equivalents, end of period$6,417,852 $135,221,983 Supplemental disclosures of cash flow information  Cash paid during the period for:  Interest$1,150,926 $678,278 Noncash investing and financing activities:Soybean meal contributed as investment $366,112 $1,436,420 Property and equipment included in accounts payable and other long-term liabilities$14,886,599 $— 

The accompanying notes are an integral part of these condensed consolidated financial statements. 

8

South Dakota Soybean Processors, LLCNotes to Condensed Consolidated Financial Statements

Note 1 -         Principal Activity and Significant Accounting Policies

The unaudited condensed consolidated financial statements contained herein have been prepared pursuant to the rules and regulations of the Securities Exchange Commission. Certain information and note disclosures normally included in annual financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to those rules and regulations, although South Dakota Soybean Processors, LLC (the “Company”, “LLC”, “we