U. S. Premium Beef, LLC

CIK:0001289237|SEC Filings

Statements of Operations (unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 27, 2026	Jun. 28, 2025	Jun. 27, 2026	Jun. 28, 2025
Net sales	$ 0	$ 0	$ 0	$ 0
Costs and expenses:
Cost of sales	0	0	0	0
Selling, general, and administrative expenses	656	811	1,490	1,770
Depreciation and amortization	4	3	7	7
Total costs and expenses	660	814	1,497	1,777
Operating loss	(660)	(814)	(1,497)	(1,777)
Other income:
Interest income	238	630	546	1,237
Equity in net loss of National Beef Packing Company, LLC	(5,474)	(5,290)	(12,120)	(15,553)
Other income, net	649	732	831	767
Total other income	(4,587)	(3,928)	(10,743)	(13,549)
Net loss	$ (5,247)	$ (4,742)	$ (12,240)	$ (15,326)
Class A Units [Member]
Loss per unit:
Loss per unit, basic	$ (0.71)	$ (0.64)	$ (1.66)	$ (2.08)
Loss per unit, diluted	$ (0.71)	$ (0.64)	$ (1.66)	$ (2.08)
Outstanding weighted-average Class A and Class B units:
Outstanding weighted-average, basic	735,385	735,385	735,385	735,385
Outstanding weighted-average, diluted	735,385	735,385	735,385	735,385
Class B Units [Member]
Loss per unit:
Loss per unit, basic	$ (6.25)	$ (5.65)	$ (14.58)	$ (18.26)
Loss per unit, diluted	$ (6.25)	$ (5.65)	$ (14.58)	$ (18.26)
Outstanding weighted-average Class A and Class B units:
Outstanding weighted-average, basic	755,385	755,385	755,385	755,385
Outstanding weighted-average, diluted	755,385	755,385	755,385	755,385

Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 27, 2026	Jun. 28, 2025
Cash flows from operating activities:
Net loss	$ (12,240)	$ (15,326)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	7	7
Equity in net loss of National Beef Packing Company, LLC	12,120	15,553
Changes in assets and liabilities:
Accounts receivable	(74)	(355)
Due from affiliates	127	(284)
Other assets	(343)	194
Accounts payable	(6)	(19)
Due to affiliates	(41)	16
Accrued compensation and benefits	(1,511)	(364)
Other accrued expenses and liabilities	(6)	(42)
Net cash used in operating activities	(1,967)	(620)
Cash flows from investing activities:
Investments in certificates of deposit	(9,993)	(23,794)
Investments in treasury securities	(24,944)	(14,165)
Redemptions of certificates of deposit	0	20,224
Redemptions of treasury securities	25,000	0
Net cash used in investing activities	(9,937)	(17,735)
Cash flows from financing activities:
Member distributions	0	0
Net cash used in financing activities	0	0
Net decrease in cash	(11,904)	(18,355)
Cash and cash equivalents at beginning of period	14,052	39,008
Cash and cash equivalents at end of period	$ 2,148	$ 20,653

Balance Sheets - USD ($) $ in Thousands	Jun. 27, 2026	Dec. 27, 2025
Current assets:
Cash and cash equivalents	$ 2,148	$ 14,052
Certificates of Deposit	9,993	0
Treasury Securities	24,997	24,735
Accrued interest receivable	74	0
Due from affiliates	492	619
Other current assets	712	687
Total current assets	38,416	40,093
Property, plant, and equipment, at cost	274	274
Less accumulated depreciation	264	257
Net property, plant, and equipment	10	17
Right of use assets, net	147	183
Investment in National Beef Packing Company, LLC	167,639	179,759
Other assets	254	253
Total assets	206,466	220,305
Current liabilities:
Accounts payable - trade	18	24
Due to other affiliates	228	269
Accrued compensation and benefits	2,457	3,017
Lease obligations	76	73
Other accrued expenses and liabilities	150	155
Distributions payable	325	325
Total current liabilities	3,254	3,863
Long-term liabilities:
Lease obligations	71	110
Other liabilities	5,288	6,239
Total long-term liabilities	5,359	6,349
Total liabilities	8,613	10,212
Commitments and contingencies
Members' capital
Members' contributed capital, 735,385 Class A units and 755,385 Class B units authorized, issued and outstanding	197,853	210,093
Total members' capital	197,853	210,093
Total liabilities and members' capital	$ 206,466	$ 220,305