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Condensed Statements of Cash Flows - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Cash Flows from Operating Activities:        
Net income (loss) $ (5,673,948) $ 28,340,284 $ (19,707,120) $ 118,234,606
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     16,534,500 17,905,240
(Increase) decrease in related party receivable     0 4,500,000
(Increase) decrease in dividends receivable     134,386 (132,321)
(Increase) decrease in interest receivable     (61,309) 284
(Increase) decrease in prepaid other     0 (6,375)
(Increase) decrease in prepaid insurance [1]     (29,555) (30,218)
(Increase) decrease in ETF transaction fees receivable     0 (350)
Increase (decrease) in General Partner management fees payable     (49,099) 47,125
Increase (decrease) in professional fees payable     (364,591) (70,490)
Increase (decrease) in brokerage commissions payable     163 (7,899)
Increase (decrease) in directors' fees payable [1]     (1,080) 426
Increase (decrease) in registration fees payable     0 128,510
Net cash provided by (used in) operating activities     (3,543,705) 140,568,538
Cash Flows from Financing Activities:        
Addition of partnership shares     70,528,595 140,908,122
Redemption of partnership shares     (123,441,000) (209,447,240)
Net cash provided by (used in) financing activities     (52,912,405) (68,539,118)
Net Increase (Decrease) in Cash and Cash Equivalents     (56,456,110) 72,029,420
Total Cash, Cash Equivalents and Equity in Trading Accounts, beginning of period     219,126,256 209,980,620
Total Cash, Cash Equivalents and Equity in Trading Accounts, end of period 162,670,146 282,010,040 162,670,146 282,010,040
Components of Cash, Cash Equivalents, and Equity in Trading Accounts        
Cash and cash equivalents 95,285,808 133,703,397 95,285,808 133,703,397
Equity in Trading Accounts:        
Cash and cash equivalents 67,384,338 148,306,643 67,384,338 148,306,643
Total Cash, Cash Equivalents and Equity in Trading Accounts $ 162,670,146 $ 282,010,040 $ 162,670,146 $ 282,010,040
[1] Certain prior year amounts have been reclassified for consistency with the current presentation.