RED TRAIL ENERGY, LLC

2024 Q3 Form 10-Q Financial Statement

#000135968724000022 Filed on August 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $3.455M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $11.99M
Prepaid Expenses $838.1K
Receivables $2.837M
Other Receivables
Total Short-Term Assets $23.39M
YoY Change -27.34%
LONG-TERM ASSETS
Property, Plant & Equipment $72.11M
YoY Change -5.87%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $940.6K
YoY Change 0.0%
Other Assets $8.924M
YoY Change 8.36%
Total Long-Term Assets $81.04M
YoY Change -4.49%
TOTAL ASSETS
Total Short-Term Assets $23.39M
Total Long-Term Assets $81.04M
Total Assets $104.4M
YoY Change -10.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.340M
YoY Change -57.91%
Accrued Expenses $1.447M
YoY Change -48.32%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due $2.128M
YoY Change -16.91%
Total Short-Term Liabilities $8.060M
YoY Change -50.47%
LONG-TERM LIABILITIES
Long-Term Debt $18.05M
YoY Change -10.58%
Other Long-Term Liabilities $19.52M
YoY Change -10.28%
Total Long-Term Liabilities $37.57M
YoY Change -10.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.060M
Total Long-Term Liabilities $37.57M
Total Liabilities $45.63M
YoY Change -21.61%
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 $76.85M
YoY Change
Total Liabilities & Shareholders Equity $104.4M
YoY Change -10.77%

Cashflow Statement

Concept 2024 Q3 2024 Q2

Facts In Submission

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dei Document Fiscal Period Focus
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us-gaap Nature Of Operations
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<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Nature of Business</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div>Red Trail Energy, LLC, a North Dakota limited liability company (the “Company”), owns and operates a 50 million gallon annual name-plate production ethanol plant near Richardton, North Dakota (the “Plant”).
us-gaap Use Of Estimates
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<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;text-decoration:underline">Accounting Estimates</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div>Management uses estimates and assumptions in preparing these financial statements in accordance with generally accepted accounting principles. 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. Significant items subject to such estimates and assumptions include the useful lives of property, plant and equipment, inventory, and allowance for credit losses. Actual results could differ from those estimates.
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CY2023Q3 us-gaap Inventory Parts And Components Net Of Reserves
InventoryPartsAndComponentsNetOfReserves
1482198 usd
CY2024Q2 us-gaap Inventory Net
InventoryNet
11994207 usd
CY2023Q3 us-gaap Inventory Net
InventoryNet
9099945 usd
CY2024Q2 us-gaap Loss From Hedged Firm Commitment Not Qualifying As Fair Value Hedge
LossFromHedgedFirmCommitmentNotQualifyingAsFairValueHedge
0 usd
CY2023Q2 us-gaap Loss From Hedged Firm Commitment Not Qualifying As Fair Value Hedge
LossFromHedgedFirmCommitmentNotQualifyingAsFairValueHedge
71000 usd
us-gaap Loss From Hedged Firm Commitment Not Qualifying As Fair Value Hedge
LossFromHedgedFirmCommitmentNotQualifyingAsFairValueHedge
1394000 usd
us-gaap Loss From Hedged Firm Commitment Not Qualifying As Fair Value Hedge
LossFromHedgedFirmCommitmentNotQualifyingAsFairValueHedge
535000 usd
CY2024Q2 us-gaap Inventory Write Down
InventoryWriteDown
0 usd
CY2023Q2 us-gaap Inventory Write Down
InventoryWriteDown
0 usd
us-gaap Inventory Write Down
InventoryWriteDown
0 usd
us-gaap Inventory Write Down
InventoryWriteDown
74000 usd
CY2024Q2 us-gaap Gain Loss From Hedged Firm Commitment Not Qualifying As Fair Value Hedge Net
GainLossFromHedgedFirmCommitmentNotQualifyingAsFairValueHedgeNet
0 usd
CY2023Q2 us-gaap Gain Loss From Hedged Firm Commitment Not Qualifying As Fair Value Hedge Net
GainLossFromHedgedFirmCommitmentNotQualifyingAsFairValueHedgeNet
-71000 usd
us-gaap Gain Loss From Hedged Firm Commitment Not Qualifying As Fair Value Hedge Net
GainLossFromHedgedFirmCommitmentNotQualifyingAsFairValueHedgeNet
-1394000 usd
us-gaap Gain Loss From Hedged Firm Commitment Not Qualifying As Fair Value Hedge Net
GainLossFromHedgedFirmCommitmentNotQualifyingAsFairValueHedgeNet
-609000 usd
us-gaap Loss From Hedged Firm Commitment Not Qualifying As Fair Value Hedge
LossFromHedgedFirmCommitmentNotQualifyingAsFairValueHedge
1394000 usd
us-gaap Loss From Hedged Firm Commitment Not Qualifying As Fair Value Hedge
LossFromHedgedFirmCommitmentNotQualifyingAsFairValueHedge
535000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
2127700 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
2229313 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
2335215 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
2446147 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
2562348 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
8481505 usd
CY2024Q2 us-gaap Long Term Debt
LongTermDebt
20182228 usd
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0750
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
374508 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
1836 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
402203 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
0 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
406657 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
0 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
395390 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
0 usd
CY2024Q2 rte Lessee Operating Lease Liabilitytobe Paidafter Year Four
LesseeOperatingLeaseLiabilitytobePaidafterYearFour
259230 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
0 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1837988 usd
CY2024Q2 rte Finance Lease Liability Minimum Payment Due
FinanceLeaseLiabilityMinimumPaymentDue
1836 usd
CY2024Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
0 usd
CY2024Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
1836 usd
us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
27523669 usd
us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
26714488 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
83371732 usd
CY2023Q4 us-gaap Distributed Earnings
DistributedEarnings
6023219 usd
CY2023Q4 us-gaap Net Income Loss
NetIncomeLoss
2160515 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
79509028 usd
CY2024Q1 us-gaap Distributed Earnings
DistributedEarnings
56015 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-6406145 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
73046868 usd
CY2024Q2 us-gaap Distributed Earnings
DistributedEarnings
0 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
3805053 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
76851921 usd
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
1865215 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
87706350 usd
CY2023Q1 us-gaap Distributed Earnings
DistributedEarnings
6024235 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-799450 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
80882665 usd
CY2023Q2 us-gaap Distributed Earnings
DistributedEarnings
2006423 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
136250 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
79012492 usd

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