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Consolidated Balance Sheets - USD ($)
Oct. 31, 2018
Oct. 31, 2017
Current Assets    
Cash $ 14,901,091 $ 21,658,422
Restricted cash   75,189
Accounts receivable 7,325,203 7,622,601
Inventory 14,916,809 15,241,092
Commodity derivative instruments 957,938 244,294
Prepaid expenses and other current assets 506,926 361,340
Total current assets 38,607,967 45,202,938
Property, Plant and Equipment    
Property and Equipment, net 66,675,671 72,271,013
Goodwill 1,372,473 1,372,473
Investments 9,500,000 7,500,000
Other Assets 704,958 743,106
Total Assets 116,861,069 127,089,530
Current Liabilities    
Current maturities of long-term debt 659,791 432,183
Accounts payable 10,033,168 7,535,468
Commodity derivative instruments 50,360 40,379
Accrued expenses 1,388,293 972,043
Total current liabilities 12,131,612 8,980,073
Long-Term Debt, less current portion 7,799,410 8,465,502
Commitments and Contingencies
Members' equity attributable to Granite Falls Energy, LLC consists of 30,606 units authorized, issued, and outstanding at both October 31, 2018 and October 31, 2017 75,083,782 83,998,672
Non-controlling interest 21,846,265 25,645,283
Total members' equity 96,930,047 109,643,955
Total Liabilities and Members’ Equity $ 116,861,069 $ 127,089,530