CHS 2014 Annual Report Download - page 55

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Intersegment revenues $ (577,539) $ (43,930) $ — $ 621,469 $ —
Goodwill $ 1,165 $ 150,633 $ 6,898 $ — $ 158,696
Capital expenditures $ 564,104 $ 329,664 $ 50,120 $ — $ 943,888
Depreciation and amortization $ 133,757 $ 122,132 $ 11,278 $ — $ 267,167
Total identifiable assets $ 4,601,122 $ 6,657,840 $ 3,888,017 $ — $ 15,146,979
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) loss on investments — (27) (155) — (182)
Interest, net 148,366 71,597 11,604 — 231,567
Equity (income) loss from investments (1,357) (15,194) (80,799) — (97,350)
Income before income taxes $ 816,690 $ 199,346 $ 69,958 $ — $ 1,085,994
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
(Gain) loss on investments 4,008 1,049 408 — 5,465
Interest, net 122,302 57,915 13,046 — 193,263
Equity (income) loss 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 $ —
Capital expenditures $ 294,560 $ 168,825 $ 5,226 $ — $ 468,611
Depreciation and amortization $ 109,496 $ 92,538 $ 17,598 $ — $ 219,632
CHS 2014 53
Segment information for the years ended August 31, 2014, 2013 and 2012 is as follows:
CORPORATE RECONCILING
(DOLLARS IN THOUSANDS) ENERGY AG AND OTHER AMOUNTS TOTAL
For the year ended August 31, 2014:
Revenues $ 14,319,979 $ 28,894,816 $ 70,707 $ (621,469) $ 42,664,033
Cost of goods sold 13,364,872 28,273,515 (120) (621,469) 41,016,798
Gross profit 955,107 621,301 70,827 — 1,647,235
Marketing, general and administrative 154,992 379,714 67,892 — 602,598
Operating earnings 800,115 241,587 2,935 — 1,044,637
(Gain) loss on investments — (1,949) (112,213) — (114,162)
Interest, net 68,434 56,544 9,964 — 134,942
Equity (income) loss from investments (4,014) (22,279) (81,153) — (107,446)
Income before income taxes $ 735,695 $ 209,271 $ 186,337 $ — $ 1,131,303