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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating activities    
Net income (loss) $ 7,102,426 $ 12,186,204
Charges and credits to net income not affecting cash:    
Depreciation and amortization 3,669,109 3,199,108
Net (gain) loss recognized on derivative activities (34,076) (2,983,943)
Gain on sales of property and equipment (40,356) (6,687)
Loss on equity method investment 0 135,588
Non-cash patronage dividends (43,405) (42,364)
Change in current assets and liabilities (12,082,495) (20,331,307)
Net cash provided by (used for) operating activities (1,428,797) (7,843,401)
Investing activities    
Purchase of investments (404,329) 0
Retirement of patronage dividends 66,210 32,288
Proceeds from sales of property and equipment 41,216 64,800
Purchase of property and equipment (4,158,360) (4,977,738)
Net cash provided by (used for) investing activities (4,455,263) (4,880,650)
Financing activities    
Change in excess of outstanding checks over bank balances 10,961,501 1,299,234
Net proceeds (payments) from seasonal borrowings (1,743,029) 3,738,236
Distributions to members (6,692,180) (15,209,500)
Payments for debt issue costs (10,000) 0
Proceeds from long-term debt 17,131,227 71,476,467
Principal payments on long-term debt (10,557,204) (55,538,347)
Net cash provided by (used for) financing activities 9,090,315 5,766,090
Net change in cash and cash equivalents 3,206,255 (6,957,961)
Cash and cash equivalents, beginning of period 624,681 7,197,082
Cash and cash equivalents, end of period 3,830,936 239,121
Supplemental disclosures of cash flow information    
Interest 908,220 604,727
Income taxes 0 0
Soybean meal contributed as investment in related party $ 335,124 $ 0