Company: SDSYA
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001163609-25-000017
Chunk: 8

Company: SOUTH DAKOTA SOYBEAN PROCESSORS LLC
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 8
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.14 $0.18  Weighted average number of capital units outstanding for calculation of basic and diluted earnings per capital unit30,411,500 30,411,500 

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

6

South Dakota Soybean Processors, LLC

Condensed Consolidated Statements of Changes in Members' Equity (Unaudited)

For the Three Months Ended March 31, 2025 and 2024 

Class A UnitsNoncontrollingTotalUnitsAmountInterestsEquityBalances, December 31, 202330,411,500 $197,494,454 $98,737,147 $296,231,601 Net income— 5,474,454 604,531 6,078,985 Distribution to members— (39,534,950)— (39,534,950)Issuance of units in consolidated entities— — 57,500,000 57,500,000 Redemption of units in consolidated entities— — (2,500)(2,500)Balances, March 31, 202430,411,500 $163,433,958 $156,839,178 $320,273,136 Balances, December 31, 202430,411,500 $178,279,321 $157,677,403 $335,956,724 Net income (loss)— 4,373,073 (282,677)4,090,396 Distributions to members— (7,672,273)— (7,672,273)Balances, March 31, 202530,411,500 $174,980,121 $157,394,726 $332,374,847 

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

7

South Dakota Soybean Processors, LLC

Condensed Consolidated Statements of Cash Flows (Unaudited)

For the Three Months Ended March 31, 2025 and 2024 

 20252024Operating activities  Net income$4,090,396 $6,078,985 Adjustments to reconcile net income to net cash used in operating activities:  Depreciation and amortization1,982,056 1,504,134 Net gain recognized on derivative activities(133,560)(1,496