Private company

SOUTHWEST IOWA RENEWABLE ENERGY, LLC

American industrial organic chemicals company, incorporated in Iowa1

In its 2022 annual report the company says: “The Company is an Iowa limited liability company located in Council Bluffs, Iowa, formed in March 2005. The Company is permitted to produce 147 million gallons of ethanol. We began producing ethanol in February 2009 and sell our ethanol, distillers grains and corn oil in the United States, Mexico and the Pacific Rim.”50

Last updated Oct 20, 2026.

Overview

$387.1MRevenue, fiscal 20222
$57.8MNet income, fiscal 20222
  • IndustryIndustrial Organic Chemicals1
  • HeadquartersCouncil Bluffs, Iowa1
  • Incorporated inIA3
  • Business address10868 189Th Street, Council Bluffs, Ia 515033
  • Filer categoryNon-accelerated filer, Smaller reporting company3

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

15.7%Gross margin2
13.8%Operating margin2
14.9%Net margin2
27.8%Revenue growth, 20222
$60.1MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Cost of revenue85¢$326.4M
  • Interest0¢$1.5M
  • Profit15¢$57.8M

Out of $387.1M in revenue.2

Where each dollar of operating cash went, fiscal 2022

  • Capital spending7¢$4.8M
  • Dividends paid17¢$11.2M
  • Kept or used elsewhere75¢$48.8M

Out of $64.8M of cash from operations.2

Financial statements

Revenue4567892$387.1M in 2022+60% since 2015
0$100.0M$200.0M$300.0M$400.0M2015: $242.1M$242.1M20152016: $223.3M$223.3M2016−8%2017: $219.8M$219.8M2017−2%2018: $215.0M$215.0M2018−2%2019: $217.0M$217.0M2019+1%2020: $198.6M$198.6M2020−8%2021: $302.8M$302.8M2021+52%2022: $387.1M$387.1M2022+28%
Gross profit4567892$60.8M in 2022+155% since 2015
-$20.0M0$20.0M$40.0M$60.0M$80.0M2015: $23.9M$23.9M20152016: $11.2M$11.2M2016−53%2017: $18.8M$18.8M2017+68%2018: $3.6M$3.6M2018−81%2019: -$2.0M-$2.0M20192020: $5.7M$5.7M20202021: $15.3M$15.3M2021+168%2022: $60.8M$60.8M2022+297%
Operating income4567892$53.5M in 2022+154% since 2015
-$20.0M0$20.0M$40.0M$60.0M2015: $21.1M$21.1M20152016: $6.6M$6.6M2016−69%2017: $14.0M$14.0M2017+113%2018: -$1.3M-$1.3M20182019: -$6.9M-$6.9M2019+415%2020: $556.0K$556.0K20202021: $9.6M$9.6M2021+1625%2022: $53.5M$53.5M2022+458%
Net income4567892$57.8M in 2022+320% since 2015
-$20.0M0$20.0M$40.0M$60.0M2015: $13.8M$13.8M20152016: $5.1M$5.1M2016−63%2017: $13.4M$13.4M2017+164%2018: -$2.7M-$2.7M20182019: -$8.5M-$8.5M2019+214%2020: -$442.0K-$442.0K2020−95%2021: $8.6M$8.6M20212022: $57.8M$57.8M2022+573%
Fiscal year20152016201720182019202020212022
Revenue$242.1M4$223.3M5$219.8M6$215.0M7$217.0M8$198.6M9$302.8M2$387.1M2
Cost of revenue$218.3M4$212.2M5$201.0M6$211.3M7$219.0M8$192.9M9$287.5M2$326.4M2
Gross profit$23.9M4$11.2M5$18.8M6$3.6M7-$2.0M8$5.7M9$15.3M2$60.8M2
Operating income$21.1M4$6.6M5$14.0M6-$1.3M7-$6.9M8$556.0K9$9.6M2$53.5M2
Interest$2.0M2$1.5M2
Net income$13.8M4$5.1M5$13.4M6-$2.7M7-$8.5M8-$442.0K9$8.6M2$57.8M2
Earnings per share$1,032.574$382.165$1,008.856-$202.907-$637.588-$44.658$956.432$6,435.882
Earnings per share (diluted)$922.334$382.165$906.286-$202.907-$637.588-$44.658
Shares (weighted, basic)9.0K shares2

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What it owns

What SOUTHWEST IOWA RENEWABLE ENERGY, LLC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land$2.1M2 Sep 30, 2022$2.1M2 Sep 30, 20210%
Buildings and improvements$261.2M2 Sep 30, 2022$255.6M2 Sep 30, 2021+2.2%
Property and equipment, before depreciation$265.3M2 Sep 30, 2022$259.6M2 Sep 30, 2021+2.2%
Accumulated depreciation$165.0M2 Sep 30, 2022$153.5M2 Sep 30, 2021+7.4%
Property and equipment, net$100.3M2 Sep 30, 2022$106.0M2 Sep 30, 2021−5.4%
Operating-lease assets (leased space)$3.2M2 Sep 30, 2022$3.9M2 Sep 30, 2021−18.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$7.2M2 Sep 30, 2022$1.9M2 Sep 30, 2021+271.7%

Inventory

ItemLatestA year beforeChange
Inventory, total$28.5M2 Sep 30, 2022$28.7M2 Sep 30, 2021−0.6%
Raw materials$10.0M2 Sep 30, 2022$9.3M2 Sep 30, 2021+7.5%
Work in process$3.3M2 Sep 30, 2022$2.8M2 Sep 30, 2021+17.7%
Finished goods$9.0M2 Sep 30, 2022$11.1M2 Sep 30, 2021−19.0%
Supplies$6.3M2 Sep 30, 2022$5.6M2 Sep 30, 2021+13.5%

Leadership

Who has led SOUTHWEST IOWA RENEWABLE ENERGY, LLC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Mark Drake2008
  2. Brian T. Cahill2010
  3. Michael D. Jerke2018

President

  1. Mark Drake2008
  2. Michael D. Jerke2018

Chief financial officer

  1. Cindy Patterson2008
  2. Brett L. Frevert2012
  3. Ann Reis2021
2010201520202025
Board members and other officers (20)

Timeline

  1. Aug 8, 20238-K Shareholder vote38
  2. Apr 28, 20238-K Regulation FD disclosure39
  3. Mar 29, 20238-K Entered a material agreement; New debt or obligation40
  4. Feb 22, 20238-K Shareholder vote41
  5. Feb 17, 20238-K Regulation FD disclosure42
  6. Feb 3, 20238-K Entered a material agreement; New debt or obligation43
  7. Dec 13, 20228-K Regulation FD disclosure44
  8. Sep 23, 20228-K Entered a material agreement; New debt or obligation45
  9. Jul 22, 20228-K Entered a material agreement; New debt or obligation46
  10. Mar 3, 20228-K Entered a material agreement; New debt or obligation47
  11. Feb 22, 20228-K Shareholder vote48
  12. Feb 18, 20228-K Regulation FD disclosure49
  13. Oct 23, 2018New chief executive Michael D. Jerke becomes CEO13
  14. Jan 22, 2010New chief executive Brian T. Cahill becomes CEO14
  15. Mar 28, 2008New chief executive Mark Drake becomes CEO15

Filings

38 filings to the SEC since October 2021: 2 annual reports, 5 quarterly reports, 16 major events, 1 insider forms, 14 other. The latest 20:

  1. Aug 9, 2023SC 13E3/A EDGAR
  2. Aug 8, 202315-12G EDGAR
  3. Aug 8, 20238-K EDGAR
  4. Jun 28, 2023SC 13E3/A EDGAR
  5. Jun 28, 2023DEF 14A DEF14A EDGAR
  6. Jun 8, 2023CORRESP EDGAR
  7. Jun 8, 2023SC 13E3/A SCHEDULE 13E-3A EDGAR
  8. Jun 8, 2023PRER14A EDGAR
  9. May 19, 2023UPLOAD EDGAR
  10. May 10, 202310-Q EDGAR
  11. Apr 28, 20238-K EDGAR
  12. Apr 21, 2023SC 13E3 EDGAR
  13. Apr 21, 2023PRE 14A EDGAR
  14. Mar 29, 20238-K EDGAR
  15. Feb 22, 20238-K EDGAR
  16. Feb 17, 20238-K EDGAR
  17. Feb 10, 202310-Q EDGAR
  18. Feb 3, 20238-K EDGAR
  19. Dec 20, 2022DEFA14A EDGAR
  20. Dec 20, 2022DEF 14A EDGAR

The 38 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 1 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jul 1, 2022Ross Kevin JDirectorBuy8$5,105.00$40.8KForm 4

From Forms 4 filed with the SEC.

SEC filer profile

How SOUTHWEST IOWA RENEWABLE ENERGY, LLC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSOUTHWEST IOWA RENEWABLE ENERGY, LLC1
  • CIK0001424844
  • Employer ID (EIN)20-27350461
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inIowa1
  • Fiscal year endsSeptember 301
  • Industry code (SIC)2860 Industrial Organic Chemicals1
  • Business address10868 189Th Street, Council Bluffs, IA 515031
  • Phone712-366-03921
  • Shares outstanding8,975 as of May 1, 202311
  • Public float$38.2M as of Mar 31, 20222
  • On EDGAR sinceJan 28, 20081
  • Filings410 in all: 8-K (207), 10-Q (46), 3 (27), DEFA14A (18), DEF 14A (17), 10-K (15), CT ORDER (15), CORRESP (8)1
    All 31 form types

    UPLOAD (8), 4 (7), FWP (7), ARS (4), 10-12G/A (3), 10-K/A (3), ANNLRPT (3), S-1/A (3), SC 13E3/A (3), PRE 14A (2), SEC STAFF LETTER (2), 10-12G (1), 10-Q/A (1), 15-12G (1), 424B3 (1), 5 (1), 8-K/A (1), EFFECT (1), POS EX (1), PRER14A (1), S-1 (1), SC 13D (1), SC 13E3 (1)

  • Latest filingsAnnual report (10-K) Dec 9, 2022
    Quarterly report (10-Q) May 10, 2023
    Proxy statement (DEF 14A) Jun 28, 2023
    Latest 8-K (8-K) Aug 8, 2023

Sources

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