v2.4.0.8
Financial Instruments And Risk Management (Tables)
9 Months Ended
Sep. 30, 2013
Financial Instruments And Risk Management [Abstract]  
Fair Value Of Derivative Instruments Not Designated As Hedging Instruments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2013

 

December 31, 2012

 

 

Balance

 

 

 

 

Balance

 

 

 

 

Balance

 

 

 

 

Balance

 

 

 

 

 

Sheet

 

Fair

 

Sheet

 

Fair

 

Sheet

 

Fair

 

Sheet

 

Fair

(Thousands of dollars)

 

Location

 

Value

 

Location

 

Value

 

Location

 

Value

 

Location

 

Value

Commodity derivative contracts

 

Accounts

 

 

 

 

Accounts

 

 

 

 

Accounts

 

 

 

 

Accounts

 

 

 

 

 

Receivable

 

$

1,567 

 

Payable

 

$

5,684 

 

Receivable

 

$

3,043 

 

Payable

 

$

102 

 

Recognized Gains And Losses For Derivative Instruments Not Designated As Hedging Instruments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gain (Loss)

 

 

 

 

Three Months

 

Nine Months

 

 

 

 

Ended

 

Ended

(Thousands of dollars)

 

Statement of Income

 

September 30,

 

September 30,

Type of Derivative Contract

 

Location

 

2013

 

2012

 

2013

 

2012

Commodity

 

Fuel and ethanol costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

of goods sold

 

$

4,281 

 

$

(40,241)

 

$

2,905 

 

$

(37,978)

 

Summary Of Offsetting Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross Amounts

 

Net Amounts of

 

 

Gross Amounts

 

Offset in the

 

Assets Presented in

 

 

of Recognized

 

Combined

 

the Combined

(Thousands of dollars)

 

Assets

 

Balance Sheet

 

Balance Sheet

At September 30, 2013

 

 

 

 

 

 

 

 

 

Commodity derivatives

 

$

2,868 

 

$

(1,301)

 

$

1,567 

 

 

 

 

 

 

 

 

 

 

At December 31, 2012

 

 

 

 

 

 

 

 

 

Commodity derivatives

 

$

6,727 

 

$

(3,684)

 

$

3,043 

 

Summary Of Offsetting Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross Amounts

 

Net Amounts of

 

 

Gross Amounts

 

Offset in the

 

Liabilities Presented

 

 

of Recognized

 

Consolidated

 

in the Consolidated

 

 

Liabilities

 

Balance Sheet

 

Balance Sheet

At September 30, 2013

 

 

 

 

 

 

 

 

 

Commodity derivatives

 

$

6,985 

 

$

(1,301)

 

$

5,684 

 

 

 

 

 

 

 

 

 

 

At December 31, 2012

 

 

 

 

 

 

 

 

 

Commodity derivatives

 

$

3,786 

 

$

(3,684)

 

$

102