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Condensed Statements of Cash Flows
12 Months Ended
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Cash Flows from Operating Activities:      
Net income (loss) $ (46,043,522) $ 785,240,277 $ 1,602,274,244
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Change in unrealized (gain) loss on open commodity futures contracts 19,134,006 92,251,288 287,006,734
Change in unrealized (gain) loss on open swap contracts (2,239) 4,145 0
(Increase) decrease in dividends receivable 2,452,991 (3,879,706) (30,032)
(Increase) decrease in interest receivable (1,818,766) (2,773,974) 107,416
(Increase) decrease in prepaid insurance 69,464 3,051 (106,243)
(Increase) decrease in prepaid registration fees 0 0 1,260,041
(Increase) decrease in ETF transaction fees receivable (2,000) 0 2,000
Increase (decrease) payable due to custody (1,012,851) 1,012,851 0
Increase (decrease) in payable due to Broker 15,540,859 1,387,987 (23,667,355)
Increase (decrease) in General Partner management fees payable (274,652) (89,639) (469,125)
Increase (decrease) in professional fees payable (812,220) (1,173,950) 1,712,827
Increase (decrease) in brokerage commissions payable 11,874 (93,126) (123,270)
Increase (decrease) in directors' fees payable (9,220) (2,124) (7,712)
Increase (decrease) in license fees payable (22,209) (24,770) (40,723)
Net cash provided by (used in) operating activities (12,788,485) 871,862,310 1,867,918,802
Cash Flows from Financing Activities:      
Addition of partnership shares 6,238,686,788 3,508,243,142 1,239,249,023
Redemption of partnership shares (6,716,098,289) (4,690,627,347) (4,151,987,568)
Net cash provided by (used in) financing activities (477,411,501) (1,182,384,205) (2,912,738,545)
Net Increase (Decrease) in Cash and Cash Equivalents (490,199,986) (310,521,895) (1,044,819,743)
Total Cash, Cash Equivalents and Equity in Trading Accounts, beginning of year 1,953,896,501 2,264,418,396 3,309,238,139
Total Cash, Cash Equivalents and Equity in Trading Accounts, end of year 1,463,696,515 1,953,896,501 2,264,418,396
Components of Cash and Cash Equivalents, and Equity in Trading Account:      
Cash and cash equivalents 952,408,574 856,400,000 1,565,100,289
Equity in Trading Accounts:      
Cash and cash equivalents 511,287,941 1,097,496,501 699,318,107
Total Cash, Cash Equivalents and Equity in Trading Accounts $ 1,463,696,515 $ 1,953,896,501 $ 2,264,418,396