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Segment Reporting (Tables) | 12 Months Ended
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Aug. 31, 2012
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Segment information for the years ended August 31, 2012, 2011 and 2010 is as follows:
| Energy |  | Ag |  | Corporate and Other |  | Reconciling Amounts |  | Total
| (Dollars in thousands)
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 at August 31, 2012 | $ | 3,684,571 |  |  | $ | 6,816,809 |  |  | $ | 2,921,771 |  |  |  |  |  | $ | 13,423,151 |
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 (losses) | 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 |
Total identifiable assets at August 31, 2011 | $ | 3,883,205 |  |  | $ | 5,276,537 |  |  | $ | 3,057,268 |  |  |  |  |  | $ | 12,217,010 |
For the year ended August 31, 2010: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues | $ | 8,799,890 |  |  | $ | 16,715,055 |  |  | $ | 48,522 |  |  | $ | (295,536 | ) |  | $ | 25,267,931 |
Cost of goods sold | 8,437,504 |  |  | 16,258,679 |  |  | (3,237 | ) |  | (295,536 | ) |  | 24,397,410 |
Gross profit | 362,386 |  |  | 456,376 |  |  | 51,759 |  |  | — |  |  | 870,521 |
Marketing, general and administrative | 123,834 |  |  | 187,640 |  |  | 55,108 |  |  |  |  |  | 366,582 |
Operating earnings (losses) | 238,552 |  |  | 268,736 |  |  | (3,349 | ) |  | — |  |  | 503,939 |
Gain on investments | (269 | ) |  | (421 | ) |  | (28,743 | ) |  |  |  |  | (29,433 | )
Interest, net | 9,939 |  |  | 33,039 |  |  | 15,346 |  |  |  |  |  | 58,324 |
Equity income from investments | (5,554 | ) |  | (31,248 | ) |  | (71,985 | ) |  |  |  |  | (108,787 | )
Income before income taxes | $ | 234,436 |  |  | $ | 267,366 |  |  | $ | 82,033 |  |  | $ | — |  |  | $ | 583,835 |
Intersegment revenues | $ | (295,536 | ) |  |  |  |  |  |  |  | $ | 295,536 |  |  | $ | — |
Goodwill | $ | 1,165 |  |  | $ | 14,975 |  |  | $ | 6,898 |  |  |  |  | $ | 23,038 |
Capital expenditures | $ | 197,637 |  |  | $ | 122,468 |  |  | $ | 4,157 |  |  |  |  |  | $ | 324,262 |
Depreciation and amortization | $ | 118,071 |  |  | $ | 69,170 |  |  | $ | 15,681 |  |  |  |  |  | $ | 202,922 |
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area | International sales for the years ended August 31, 2012, 2011 and 2010 are as follows:
| 2012 |  | 2011 |  | 2010
| (Dollars in millions)
Asia | $ | 290 |  |  | $ | 6 |  |  | $ | 31 |
Europe | 1,064 |  |  | 277 |  |  | 119 |
U.S. Only | 37,503 |  |  | 35,287 |  |  | 24,274 |
South America | 1,444 |  |  | 1,066 |  |  | 593 |
| $ | 40,301 |  |  | $ | 36,636 |  |  | $ | 25,017 |

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