CHS 2011 Annual Report Download - page 28

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2011 CHS 27
CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE YEARS ENDED AUGUST 31 (DOLLARS IN THOUSANDS) 2011 2010 2009
Revenues $ 36,915,834 $ 25,267,931 $ 25,729,916
Cost of goods sold 35,512,988 24,397,410 24,849,901
Gross profit 1,402,846 870,521 880,015
Marketing, general and administrative 438,498 366,582 355,299
Operating earnings 964,348 503,939 524,716
(Gain) loss on investments (126,729) (29,433) 56,305
Interest, net 74,835 58,324 70,487
Equity income from investments (131,414) (108,787) (105,754)
Income before income taxes 1,147,656 583,835 503,678
Income taxes 86,628 48,438 63,304
Net income 1,061,028 535,397 440,374
Net income attributable to noncontrolling interests 99,673 33,238 58,967
Net income attributable to CHS Inc. $ 961,355 $ 502,159 $ 381,407
The accompanying notes are an integral part of the consolidated financial statements.
CHS Inc. and Subsidiaries