CHS 2013 Annual Report Download - page 52

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Intersegment revenues $ (481,465) $ 481,465 $ —
Goodwill $ 1,165 $ 77,000 $ 6,898 $ 85,063
Capital expenditures $ 452,859 $ 198,892 $ 7,622 $ 659,373
Depreciation and amortization $ 120,447 $ 105,654 $ 15,690 $ 241,791
Total identifiable assets $ 4,409,594 $ 6,146,547 $ 2,948,129 $ 13,504,270
For the year ended August 31, 2012:
Revenues $ 12,816,542 $ 28,181,445 $ 68,882 $ (467,583) $ 40,599,286
Cost of goods sold 11,514,463 27,544,040 (2,777) (467,583) 38,588,143
Gross profit 1,302,079 637,405 71,659 — 2,011,143
Marketing, general and administrative 155,786 273,757 68,690 498,233
Operating earnings 1,146,293 363,648 2,969 — 1,512,910
Loss on investments 4,008 1,049 408 5,465
Interest, net 122,302 57,915 13,046 193,263
Equity income from investments (7,537) (22,737) (72,115) (102,389)
Income before income taxes $ 1,027,520 $ 327,421 $ 61,630 $ — $ 1,416,571
Intersegment revenues $ (467,583) $ 467,583 $ —
Goodwill $ 1,165 $ 73,630 $ 6,898 $ 81,693
Capital expenditures $ 294,560 $ 168,825 $ 5,226 $ 468,611
Depreciation and amortization $ 109,496 $ 92,538 $ 17,598 $ 219,632
Total identifiable assets $ 3,704,796 $ 7,316,410 $ 2,623,818 $ 13,645,024
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
CHS 2013 57
Segment information for the years ended August 31, 2013, 2012 and 2011 is as follows:
CORPORATE RECONCILING
(DOLLARS IN THOUSANDS) ENERGY AG AND OTHER AMOUNTS TOTAL
For the year ended August 31, 2013:
Revenues $ 12,982,293 $ 31,909,791 $ 69,238 $ (481,465) $ 44,479,857
Cost of goods sold 11,846,458 31,341,453 (241) (481,465) 42,706,205
Gross profit 1,135,835 568,338 69,479 — 1,773,652
Marketing, general and administrative 172,136 312,616 68,871 553,623
Operating earnings 963,699 255,722 608 — 1,220,029
Gain on investments — (27) (155) (182)
Interest, net 148,366 71,597 11,604 231,567
Equity income from investments (1,357) (15,194) (80,799) (97,350)
Income before income taxes $ 816,690 $ 199,346 $ 69,958 $ — $ 1,085,994