Financials

2020 Capital Investments

Aurora Cooperative Ethanol, LLC | Aurora, NE
Byron Scale Replacement | Byron, NE
Liquid Fertilizer Expansion Project | Carleton, NE
Liquid Fertilizer Blender Capacity Upgrade | Central City, NE
New Seed & Chemical Warehouse | Dannebrog, NE
New Location Site | Doniphan, NE
Land Acquisition for Expansion | Henderson, NE
Liquid Fertilizer System Upgrades | Kearney, NE
Liquid Fertilizer Expansion Project | Keene, NE
Liquid Fertilizer Expansion Project | Minden, NE
Aerial Services Site Improvements | Traer, IA

Consolidated Statements of Operations & Comprehensive Income

Sales 2020 2019
Grain marketed 449,954,734 536,975,234
Merchandise sales 424,427,504 437,335,187
Other operated revenue 38,738,386 41,199,257
TOTAL SALES 913,165,624 1,015,509,678
Cost of Goods Sold (775,806,611) (856,522,639)
General and Administrative Expenses (131,933,557) (132,321,479)
OPERATING INCOME 5,425,456 26,665,560
Other Income (Expenses):    
Interest income and finance charges 2,098,921 1,957,394
Interest expense (17,849,026) (21,816,490)
Investment income and other 497,340 3,459,818
Debt Forgiveness 10,000,000
TOTAL OTHER INCOME (EXPENSE)-NET (5,252,765) (16,399,278)
Income before income taxes 172,691 10,266,282
Income tax benefit (Note 10) (71,661) (46,070)
NET INCOME 244,352 10,312,352
Distribution of Net Income:    
Cash patronage 1,000,000
Members’ equity credits 1,000,000
TOTAL PATRONAGE REFUNDS 2,000,000
RETAINED EARNINGS 244,352 8,312,352
NET INCOME 244,352 10,312,352
Other Comprehensive Income:    
Unrealized gain (loss) on interest rate swaps (152,048)
COMPREHENSIVE INCOME 10,160,304

Consolidated Balance Sheet

  2020 2019
Total Current Assets $514,419,224 $464,348,705
Total Investments $47,684,533 $77,831,723
Total Other Assets $12,733,373 $20,637,842
TOTAL $783,208,671 $685,856,152

Liabilities and Members’ Equities

  2020 2019
Total Current Liabilities $429,745,200 $372,200,738
Total Long-term Liabilities $139,082,229 $97,336,504
Total Members’ Equity $214,381,242 $216,318,910
TOTAL $783,208,671 $685,856,152
Section 199A(g) Tax Deduction Distribution $17.5 Million
Over Age 65 Equity Revolvement $400,000
2020 Total Patronage $17.9 Million
Financial Charts
Patronage Distribution Qualified Cash Payments $1 Million
Patronage Non-Qualified Deferred Equity $1 Million
Section 199A(g) Tax Deduction Distribution $13.2 Million
Total PROCAP and Over-65 Equity Revolvement $2.1 Million
2019 Total Patronage and Equity Distribution $17.3 Million