HEOL · As filed with the SEC
Highwater Ethanol cash flow statement, by fiscal year
The statement as Highwater Ethanol presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Statements of Cash Flows · USD
| USD | FY2025 Year ended Oct 31, 2025 | FY2024 Year ended Oct 31, 2024 | FY2023 Year ended Oct 31, 2023 | FY2022 Year ended Oct 31, 2022 | FY2020 Year ended Oct 31, 2021 | FY2020 Year ended Oct 31, 2020 | FY2019 Year ended Oct 31, 2019 | FY2018 Year ended Oct 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| Cash Flows from Operating Activities | ||||||||
| Net income | 16,326,668 | 6,114,906 | 16,739,304 | 33,325,405 | 13,740,928 | (6,366,166) | (8,274,236) | (6,159,424) |
| Adjustments to reconcile net income to net cash provided by operations | ||||||||
| Tax credits | (10,400,000) | — | — | — | — | — | — | — |
| Depreciation and amortization | 5,663,503 | 8,487,932 | 10,049,915 | 10,312,613 | 9,751,569 | 9,215,642 | 8,947,039 | 8,649,702 |
| Distributions in excess of earnings from equity method investments | — | — | — | — | — | 74,891 | 272,049 | 232,353 |
| Gain on sale of asset | — | — | — | — | — | — | 0 | 0 |
| Distributions in excess of earnings from equity method investments | 7,227 | 252,919 | (160,442) | (177,460) | (108,990) | — | — | — |
| Gain on debt extinguishment | — | — | 0 | 0 | (712,200) | — | — | — |
| Non-cash patronage income | (347,824) | (405,536) | (312,175) | (194,151) | (229,959) | (435,703) | (249,058) | (365,854) |
| Change in working capital components | ||||||||
| Accounts receivable | 1,392,017 | (345,104) | 1,034,811 | 3,818,510 | (3,990,669) | (835,928) | (1,645,848) | 1,522,025 |
| Inventories | (2,584,818) | 1,866,196 | 3,084,335 | (4,449,380) | (4,070,172) | (3,310,614) | 701,335 | (687,985) |
| Derivative instruments | 236,624 | 198,092 | (179,737) | (375,245) | (107,872) | 209,343 | 473,146 | (142,686) |
| Prepaids and other | 34,621 | (11,253) | 52,101 | (269,489) | (320,938) | (353,330) | (74,648) | (1,462) |
| Accounts payable | (6,910,919) | (1,579,910) | (1,296,865) | 3,226,281 | 8,233,490 | 1,662,253 | 2,813,174 | 1,361,072 |
| Accrued expenses | 53,522 | (449,014) | 40,887 | 249,357 | 224,677 | (108,252) | (5,302) | (13,760) |
| Net cash provided by operating activities | 3,470,621 | 14,129,228 | 29,052,134 | 45,466,441 | 22,409,864 | (247,864) | 2,957,651 | 4,393,981 |
| Cash Flows from Investing Activities | ||||||||
| Capital expenditures | (5,737,426) | (5,524,511) | (1,277,995) | (1,360,170) | (6,827,516) | (3,275,201) | (1,709,039) | (2,274,830) |
| Proceeds from sale of asset | — | — | — | — | — | — | 0 | 0 |
| Purchase of investments | — | 0 | (580,708) | — | — | — | — | — |
| Distributions from (purchase of) investments | 125,374 | — | — | — | — | — | — | — |
| Net cash used in investing activities | (5,612,052) | (5,524,511) | (1,858,703) | (1,360,170) | (6,827,516) | (3,275,201) | (1,709,039) | (2,274,830) |
| Cash Flows from Financing Activities | ||||||||
| Payments on long-term debt | — | 0 | 0 | (11,699,000) | (45,500,000) | (16,500,000) | (14,001,000) | (3,250,000) |
| Proceeds from long-term debt | — | 0 | 0 | 8,200,000 | 37,000,000 | 19,212,200 | 14,000,000 | 2,500,000 |
| Payments on finance lease liability | (139,376) | (131,933) | (124,889) | (118,221) | (111,907) | (105,932) | — | — |
| Member unit repurchases | — | — | — | (116,900) | (88,750) | (55,000) | (39,200) | (16,000) |
| Member distributions | — | — | — | — | — | 0 | 0 | (1,660,658) |
| Member unit repurchases | (20,000) | 0 | (99,000) | — | — | — | — | — |
| Member distributions | (8,079,250) | (16,161,900) | (15,240,000) | (18,130,900) | — | — | — | — |
| Net cash used in financing activities | (8,238,626) | (16,293,833) | (15,463,889) | (21,865,021) | (8,700,657) | 2,551,268 | (40,200) | (2,426,658) |
| Net Decrease in Cash and Cash Equivalents | — | — | — | — | — | — | — | (307,507) |
| Cash and cash equivalents – Beginning of Period | — | — | — | — | — | — | 430,702 | 738,209 |
| Cash and cash equivalents – End of Period | — | — | — | — | — | — | — | 430,702 |
| Net Increase (Decrease) in Cash and Cash Equivalents | (10,380,057) | (7,689,116) | 11,729,542 | 22,241,250 | 6,881,691 | (971,797) | 1,208,412 | — |
| Cash and cash equivalents – Beginning of Period | 33,830,684 | 41,519,800 | 29,790,258 | 7,549,008 | 667,317 | 1,639,114 | 430,702 | — |
| Cash and cash equivalents – End of Period | 23,450,627 | 33,830,684 | 41,519,800 | 29,790,258 | 7,549,008 | 667,317 | 1,639,114 | — |
| Supplemental Cash Flow Information | ||||||||
| Cash paid for interest expense | 39,424 | 46,867 | 53,911 | 102,454 | 478,473 | 568,205 | 761,920 | 568,345 |
| Supplemental Disclosure of Noncash Financing and Investing Activities | ||||||||
| Capital expenditures included in accounts payable | — | — | — | 51,238 | 0 | 56,370 | 13,214 | 67,990 |
| Establishment of lease liability and right of use asset | — | — | — | 0 | 0 | 2,064,994 | — | — |
| Capital expenditures included in accounts payable | 27,200 | 21,491 | 40,200 | — | — | — | — | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.