CHS 2011 Annual Report Download - page 52

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2011 CHS 51
Segment information for the years ended August 31, 2011, 2010 and 2009 is as follows:
(DOLLARS IN THOUSANDS) ENERGY AG BUSINESS
CORPORATE
AND OTHER
RECONCILING
AMOUNTS TOTAL
For the year ended August 31, 2011:
Revenues $11,467,381 $25,767,033 $ 64,809 $(383,389) $36,915,834
Cost of goods sold 10,694,687 25,204,301 (2,611) (383,389) 35,512,988
Gross profit 772,694 562,732 67,420 — 1,402,846
Marketing, general and administrative 142,708 229,369 66,421 438,498
Operating earnings 629,986 333,363 999 — 964,348
Loss (gain) on investments 1,027 (118,344) (9,412) (126,729)
Interest, net 5,829 57,438 11,568 74,835
Equity income from investments (6,802) (40,482) (84,130) (131,414)
Income before income taxes $ 629,932 $ 434,751 $ 82,973 $ — $ 1,147,656
Intersegment revenues $ (383,389) $ 383,389 $ —
Goodwill $ 1,165 $ 18,346 $ 6,898 $ 26,409
Capital expenditures $ 198,692 $ 107,866 $ 4,112 $ 310,670
Depreciation and amortization $ 126,018 $ 79,231 $ 15,445 $ 220,694
Total identifiable assets at August 31, 2011 $ 3,883,205 $ 5,276,537 $3,057,268 $12,217,010
For the year ended August 31, 2010:
Revenues $ 8,799,890 $16,715,055 $ 48,522 $(295,536) $25,267,931
Cost of goods sold 8,437,504 16,258,679 (3,237) (295,536) 24,397,410
Gross profit 362,386 456,376 51,759 — 870,521
Marketing, general and administrative 123,834 187,640 55,108 366,582
Operating earnings (losses) 238,552 268,736 (3,349) — 503,939
(Gain) loss on investments (269) (421) (28,743) (29,433)
Interest, net 9,939 33,039 15,346 58,324
Equity income from investments (5,554) (31,248) (71,985) (108,787)
Income before income taxes $ 234,436 $ 267,366 $ 82,033 $ — $ 583,835
Intersegment revenues $ (295,536) $ 295,536 $ —
Goodwill $ 1,165 $ 14,975 $ 6,898 $ 23,038
Capital expenditures $ 197,637 $ 122,468 $ 4,157 $ 324,262
Depreciation and amortization $ 118,071 $ 69,170 $ 15,681 $ 202,922
Total identifiable assets at August 31, 2010 $ 3,004,471 $ 3,847,518 $1,814,139 $ 8,666,128
For the year ended August 31, 2009:
Revenues $ 7,639,838 $18,292,204 $ 49,500 $(251,626) $25,729,916
Cost of goods sold 7,110,324 17,994,462 (3,259) (251,626) 24,849,901
Gross profit 529,514 297,742 52,759 — 880,015
Marketing, general and administrative 125,104 168,886 61,309 355,299
Operating earnings (losses) 404,410 128,856 (8,550) — 524,716
(Gain) loss on investments (15,748) (66) 72,119 56,305
Interest, net 5,483 53,565 11,439 70,487
Equity income from investments (4,044) (35,453) (66,257) (105,754)
Income (loss) before income taxes $ 418,719 $ 110,810 $ (25,851) $ — $ 503,678
Intersegment revenues $ (251,626) $ 251,626 $ —
Capital expenditures $ 233,112 $ 79,599 $ 2,794 $ 315,505
Depreciation and amortization $ 118,260 $ 63,320 $ 14,770 $ 196,350