CHS 2014 Annual Report Download - page 4

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2 CHS 2014
The very word “momentum” connotes forward motion, a steady trajectory
to your destination. There’s no more fitting word to describe the CHS journey
through fiscal 2014 or for what lies ahead. Over the past year, we’ve taken
many significant strides — some of them unprecedented — in our relentless
pursuit of helping our owners and customers grow by elevating the relevance
of this global cooperative agriculture and energy system.
MAINTAINING
MOMENTUM
While momentum is about moving forward, our
progress is measured by how far we’ve come. We
hope you’ll agree that the distance we’ve traveled
together over the past five years is impressive.
Among the highlights:
_We have recorded a cumulative net income of
$4.8 billion for the past five fiscal years, including
earnings of $1.1 billion for fiscal 2014. To match
those earnings with previous performance, you’d
have to combine results for fiscal years 1990
through 2009.
_Our revenues, while subject to market fluctuations
of the many commodity products we handle,
have grown steadily from $25.3 billion in fiscal
2010 to $42.7 billion in fiscal 2014, with a record
$44.5 billion in revenues in fiscal 2013.
_For fiscal years 2011 through 2019, we have
made, committed to and planned significant
acquisitions, expansions and upgrades in our global
energy, grains, fertilizer, food and food ingredients
platforms. This includes the announcement just
after the close of fiscal 2014 of what is by far the
largest investment in CHS history: building a
$3 billion nitrogen fertilizer plant at Spiritwood,N.D.,
to strengthen the crop nutrients supply for our
owners and other customers.
CHS Net Income
$ in millions
Cash Returned to Owners
2010 to 2014
$2.1B
2010
502.2
2011
961.4
2012
1,260.6
2013
992.4
2014
1,081.4