Company: SDSYA
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001163609-25-000017
Chunk: 7

Company: SOUTH DAKOTA SOYBEAN PROCESSORS LLC
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 7
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Total current liabilities72,839,812 102,526,770 Long-term liabilitiesLong-term debt, net133,086,482 57,673,180 Long-term operating lease liabilities29,069,333 29,881,151 Other long-term liabilities 15,053,402 15,855,793 Total long-term liabilities177,209,217 103,410,124 Commitments and contingencies (Notes 4, 5, 6, and 10)Members' equity (30,411,500 units issued and outstanding)174,980,121 178,279,321 Non-controlling interests in consolidated entities157,394,726 157,677,403 Total members' equity332,374,847 335,956,724 Total liabilities and members' equity$582,423,876 $541,893,618 

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

5

South Dakota Soybean Processors, LLC

Condensed Consolidated Statements of Operations (Unaudited)

For the Three-Month Periods Ended March 31, 2025 and 2024 

 20252024 Revenues$117,913,309 $148,260,904 Cost of revenues:  Cost of product sold90,093,330 120,305,605 Production10,643,751 9,387,312 Freight and rail11,269,924 11,231,938 Total cost of revenues112,007,005 140,924,855 Gross profit5,906,304 7,336,049 Operating expenses:  Administration1,724,966 1,634,373 Operating income4,181,338 5,701,676 Other income (expense):  Interest expense(1,150,926)(1,453,991)Other non-operating income (expense)214,623 1,401,412 Patronage dividend income845,361 429,888 Total other income (expense)(90,942)377,309 Net income4,090,396 6,078,985 Net income (loss) attributable to non-controlling interests in consolidating entities(282,677)604,531 Net income attributable to Company$4,373,073 $5,474,454 Basic and diluted earnings per capital unit$0