| Segment Information |
| | | | | | | | | | | | | | | | | | Three months ended
September 30, | | Nine months ended
September 30, | (in thousands) | 2014 | | 2013 | | 2014 | | 2013 | Revenues from external customers | | | | | | | | Grain | $ | 575,354 |
| | $ | 765,833 |
| | $ | 1,814,517 |
| | $ | 2,493,678 |
| Ethanol | 179,405 |
| | 213,384 |
| | 594,613 |
| | 634,933 |
| Plant Nutrient | 110,809 |
| | 95,681 |
| | 530,334 |
| | 537,922 |
| Rail | 32,022 |
| | 47,523 |
| | 117,733 |
| | 132,488 |
| Turf & Specialty | 22,631 |
| | 27,624 |
| | 109,269 |
| | 117,955 |
| Retail | 32,706 |
| | 31,329 |
| | 101,837 |
| | 103,332 |
| Total | $ | 952,927 |
| | $ | 1,181,374 |
| | $ | 3,268,303 |
| | $ | 4,020,308 |
|
| | | | | | | | | | | | | | | | | | Three months ended
September 30, | | Nine months ended
September 30, | (in thousands) | 2014 | | 2013 | | 2014 | | 2013 | Inter-segment sales | | | | | | | | Grain | $ | 894 |
| | $ | — |
| | $ | 4,256 |
| | $ | 333 |
| Plant Nutrient | 3,401 |
| | 4,243 |
| | 12,929 |
| | 15,955 |
| Rail | 109 |
| | 109 |
| | 327 |
| | 318 |
| Turf & Specialty | 392 |
| | 516 |
| | 2,033 |
| | 1,869 |
| Total | $ | 4,796 |
| | $ | 4,868 |
| | $ | 19,545 |
| | $ | 18,475 |
|
| | | | | | | | | | | | | | | | | | Three months ended
September 30, | | Nine months ended
September 30, | (in thousands) | 2014 | | 2013 | | 2014 | | 2013 | Interest expense (income) | | | | | | | | Grain | $ | 1,723 |
| | $ | 1,391 |
| | $ | 7,203 |
| | $ | 7,714 |
| Ethanol | 77 |
| | 289 |
| | 253 |
| | 895 |
| Plant Nutrient | 1,017 |
| | 746 |
| | 2,748 |
| | 2,461 |
| Rail | 1,821 |
| | 1,220 |
| | 5,381 |
| | 4,162 |
| Turf & Specialty | 338 |
| | 203 |
| | 1,178 |
| | 951 |
| Retail | 182 |
| | 152 |
| | 516 |
| | 519 |
| Other | (905 | ) | | 1,347 |
| | (878 | ) | | (95 | ) | Total | $ | 4,253 |
| | $ | 5,348 |
| | $ | 16,401 |
| | $ | 16,607 |
|
| | | | | | | | | | | | | | | | | | Three months ended
September 30, | | Nine months ended
September 30, | (in thousands) | 2014 | | 2013 | | 2014 | | 2013 | Equity in earnings of affiliates, net | | | | | | | | Grain | $ | 10,190 |
| | $ | 12,003 |
| | $ | 20,541 |
| | $ | 24,940 |
| Ethanol | 13,727 |
| | 10,174 |
| | 56,090 |
| | 15,051 |
| Total | $ | 23,917 |
| | $ | 22,177 |
| | $ | 76,631 |
| | $ | 39,991 |
|
| | | | | | | | | | | | | | | | | | Three months ended
September 30, | | Nine months ended
September 30, | (in thousands) | 2014 | | 2013 | | 2014 | | 2013 | Other income (expense), net | | | | | | | | Grain (a) | $ | (2,354 | ) | | $ | 1,216 |
| | $ | 16,967 |
| | $ | 1,438 |
| Ethanol | 71 |
| | 35 |
| | 201 |
| | 465 |
| Plant Nutrient | 2,617 |
| | 320 |
| | 3,193 |
| | 459 |
| Rail | 792 |
| | 5,031 |
| | 2,289 |
| | 6,679 |
| Turf & Specialty | 244 |
| | 135 |
| | 1,018 |
| | 585 |
| Retail | 418 |
| | 102 |
| | 720 |
| | 316 |
| Other | (103 | ) | | 766 |
| | 706 |
| | 1,681 |
| Total | $ | 1,685 |
| | $ | 7,605 |
| | $ | 25,094 |
| | $ | 11,623 |
|
(a) Increase in the nine months ended balances is related to gain on LTG partial share redemption. See Note 8. Related Party Transactions for details of the LTG gain in the first quarter of 2014. | | | | | | | | | | | | | | | | | | Three months ended
September 30, | | Nine months ended
September 30, | (in thousands) | 2014 | | 2013 | | 2014 | | 2013 | Income (loss) before income taxes | | | | | | | | Grain | $ | 12,449 |
| | $ | 14,323 |
| | $ | 34,110 |
| | $ | 24,675 |
| Ethanol | 21,253 |
| | 10,904 |
| | 74,981 |
| | 23,984 |
| Plant Nutrient | (129 | ) | | (1,643 | ) | | 23,464 |
| | 21,035 |
| Rail | 4,160 |
| | 12,360 |
| | 25,889 |
| | 36,614 |
| Turf & Specialty | (2,885 | ) | | (83 | ) | | 488 |
| | 6,113 |
| Retail | (968 | ) | | (2,043 | ) | | (1,666 | ) | | (3,673 | ) | Other | (6,804 | ) | | (6,309 | ) | | (23,595 | ) | | (12,563 | ) | Noncontrolling interests | 2,454 |
| | 878 |
| | 10,844 |
| | 1,805 |
| Total | $ | 29,530 |
| | $ | 28,387 |
| | $ | 144,515 |
| | $ | 97,990 |
|
| | | | | | | | | | | | | (in thousands) | September 30, 2014 | | December 31, 2013 | | September 30, 2013 | Identifiable assets | | | | | | Grain | $ | 713,352 |
| | $ | 921,914 |
| | $ | 784,869 |
| Ethanol | 257,194 |
| | 229,797 |
| | 207,530 |
| Plant Nutrient | 252,675 |
| | 268,238 |
| | 258,772 |
| Rail | 316,851 |
| | 312,654 |
| | 294,528 |
| Turf & Specialty | 84,212 |
| | 89,939 |
| | 71,600 |
| Retail | 46,108 |
| | 44,910 |
| | 51,465 |
| Other | 412,600 |
| | 406,104 |
| | 213,527 |
| Total | $ | 2,082,992 |
| | $ | 2,273,556 |
| | $ | 1,882,291 |
|
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