v3.24.2.u1
Condensed Unaudited Statements of Cash Flows - USD ($)
 9 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Cash Flows from Operating Activities    
Net income $ 4,025,810 $ 10,784,388
Adjustments to reconcile net income to net cash provided by operations    
Depreciation and amortization 7,194,947 7,618,124
Earnings in excess of distributions (distributions in excess of earnings) from equity method investments 115,251 (105,173)
Non-cash patronage income (393,239) (299,877)
Changes in working capital components    
Accounts receivable 1,331,814 1,045,213
Inventories 2,477,902 (1,345,192)
Derivative instruments 318,352 189,895
Prepaids and other 547,256 547,957
Accounts payable (6,892,574) (10,107,098)
Accrued expenses (349,635) (105,348)
Net cash provided by operating activities 8,375,884 8,222,889
Cash Flows from Investing Activities    
Capital expenditures (3,438,003) (989,363)
Proceeds from (purchase of) investments 104,034  
Proceeds from (purchase of) investments   (580,709)
Net cash used in investing activities (3,333,969) (1,570,072)
Cash Flows from Financing Activities    
Member unit repurchases 0 (89,000)
Payment on finance lease liability (98,268) (93,020)
Member distributions (16,161,900) (15,240,000)
Net cash used in financing activities (16,260,168) (15,422,020)
Net Decrease in Cash and Cash Equivalents (11,218,253) (8,769,203)
Cash and Cash equivalents – Beginning of Period 41,519,800 29,790,258
Cash and Cash equivalents – End of Period 30,301,547 21,021,055
Supplemental Cash Flow Information    
Cash paid for interest 35,832 41,079
Supplemental Disclosure of Noncash Financing and Investing Activities    
Capital expenditures included in accounts payable $ 42,516 $ 6,507