Granite Falls Energy, LLC

2021 Q3 Form 10-Q Financial Statement

#000155837021012462 Filed on September 14, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q3

Balance Sheet

Concept 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.491M $6.814M
YoY Change -34.08% -42.7%
Cash & Equivalents $4.491M $6.814M
Short-Term Investments
Other Short-Term Assets $3.107M $1.539M
YoY Change 101.86% 6.0%
Inventory $22.67M $11.05M
Prepaid Expenses
Receivables $6.584M $1.475M
Other Receivables $0.00 $0.00
Total Short-Term Assets $36.85M $20.88M
YoY Change 76.49% -42.54%
LONG-TERM ASSETS
Property, Plant & Equipment $51.01M $73.67M
YoY Change -30.76% 22.7%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $11.04M $9.271M
YoY Change 19.12% -7.29%
Other Assets $333.3K $697.3K
YoY Change -52.2% 3.09%
Total Long-Term Assets $79.16M $85.01M
YoY Change -6.88% 17.93%
TOTAL ASSETS
Total Short-Term Assets $36.85M $20.88M
Total Long-Term Assets $79.16M $85.01M
Total Assets $116.0M $105.9M
YoY Change 9.56% -2.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.63M $4.497M
YoY Change 158.58% -45.53%
Accrued Expenses $1.028M $5.502M
YoY Change -81.32% 421.76%
Deferred Revenue
YoY Change
Short-Term Debt $816.6K $685.7K
YoY Change 19.09%
Long-Term Debt Due $1.924M $2.703M
YoY Change -28.83% 122.91%
Total Short-Term Liabilities $19.61M $13.45M
YoY Change 45.75% 27.09%
LONG-TERM LIABILITIES
Long-Term Debt $6.856M $10.94M
YoY Change -37.34% 54.59%
Other Long-Term Liabilities $14.61M $18.07M
YoY Change -19.14%
Total Long-Term Liabilities $6.856M $29.01M
YoY Change -76.37% 309.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $19.61M $13.45M
Total Long-Term Liabilities $6.856M $29.01M
Total Liabilities $26.46M $53.16M
YoY Change -50.22% 39.34%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $63.58M $52.72M
YoY Change
Total Liabilities & Shareholders Equity $116.0M $105.9M
YoY Change 9.56% -2.34%

Cashflow Statement

Concept 2021 Q3 2020 Q3

Facts In Submission

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15045 Highway 23 SE
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InterestPaidNet
353650
gfe Capital Expenditure And Construction In Process Included In Accounts Payable
CapitalExpenditureAndConstructionInProcessIncludedInAccountsPayable
51047
gfe Capital Expenditure And Construction In Process Included In Accounts Payable
CapitalExpenditureAndConstructionInProcessIncludedInAccountsPayable
1609
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
212697559
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
120594848
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
89258812
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
34131600
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><span style="font-style:italic;font-weight:bold;">Accounting Estimates</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt;">Management uses estimates and assumptions in preparing these condensed consolidated unaudited financial statements in accordance with generally accepted accounting principles in the United States of America. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. The Company uses estimates and assumptions in accounting for the following significant matters, among others: economic lives of property and equipment, valuation of commodity derivatives, inventory, inventory purchase and sale commitments, evaluation of railcar rehabilitation costs, the assumptions used in the impairment analysis of long-lived assets, and evaluation of going concern. Actual results may differ from previously estimated amounts, and such differences may be material to our condensed consolidated unaudited financial statements. The Company periodically reviews estimates and assumptions, and the effects of revisions are reflected in the period in which the revision is made.</p>
CY2021Q3 gfe Number Of Marketing Companies
NumberOfMarketingCompanies
2
CY2021Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
8867354
CY2020Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
4893502
CY2021Q3 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
3205598
CY2020Q4 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
3070458
CY2021Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
2325312
CY2020Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1480871
CY2021Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
8268863
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
4346974
CY2021Q3 us-gaap Inventory Net
InventoryNet
22667127
CY2020Q4 us-gaap Inventory Net
InventoryNet
13791805
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due After Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive
1058200
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
18764450
CY2021Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1989679
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
16774771
CY2021Q3 us-gaap Long Term Debt
LongTermDebt
8780063
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
18830856
CY2021Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
1924128
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
12954538
CY2021Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
6855935
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
5876318
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
1924128
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
1789351
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1790536
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1904177
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
1193302
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
178569
CY2021Q3 us-gaap Long Term Debt
LongTermDebt
8780063
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0487
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
4328800
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
4153800
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
3633000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
3066600
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive
2524050

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