XML 16 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Apr. 30, 2016
Apr. 30, 2015
Jul. 31, 2016
Jul. 31, 2015
Condensed Statements of Operations [Abstract]        
Revenues $ 58,018,553 $ 58,671,723 $ 159,994,605 $ 176,431,334
Cost of Goods Sold 51,716,678 49,875,833 149,986,152 156,462,251
Gross Profit 6,301,875 8,795,890 10,008,453 19,969,083
Operating Expenses 1,284,016 1,301,446 4,174,358 4,096,079
Operating Income 5,017,859 7,494,444 5,834,095 15,873,004
Other Income (Expense)        
Other income (expense), net 2,962 (2,472) 101,769 39,740
Interest income 1,848 2,336 6,384 6,929
Interest expense (152,403) (182,107) (333,045) (361,602)
Total other expense, net (147,593) (182,243) (224,892) (314,933)
Net Income 4,870,266 7,312,201 5,609,203 15,558,071
Less: Net Income Attributable to Non-controlling Interest (1,377,444) (1,871,438) (1,405,337) (3,170,575)
Net Income Attributable to Granite Falls Energy, LLC $ 3,492,822 $ 5,440,763 $ 4,203,866 $ 12,387,496
Weighted Average Units Outstanding - Basic and Diluted 30,606 30,606 30,606 30,606
Net Income Per Unit - Basic and Diluted $ 114.12 $ 177.77 $ 137.35 $ 404.74
Distributions Per Unit - Basic and Diluted     $ 315.00 $ 1,050.00