XML 113 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statement of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Aug. 31, 2014
Aug. 31, 2013
Aug. 31, 2012
Cash flows from operating activities:      
Net income $ 1,083,007 $ 996,328 $ 1,335,719
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 267,167 241,791 219,632
Amortization of deferred major repair costs 45,070 34,847 33,641
Equity (income) loss from investments (107,446) (97,350) (102,389)
Distributions from equity investments 79,685 62,761 75,468
Noncash patronage dividends received (16,452) (16,644) (10,461)
(Gain) loss on sale of property, plant and equipment 3,316 (6,234) (5,564)
Loss (gain) on investments (114,162) (182) 5,465
Unrealized (gain) loss on crack spread contingent liability (19,217) 23,109 22,328
Long-lived asset impairment 74,452 0 0
Deferred taxes (24,397) 92,717 58,624
Other, net 7,777 5,714 481
Changes in operating assets and liabilities, net of acquisitions:      
Receivables 110,133 (105,899) (376,860)
Inventories (37,792) 557,331 (252,842)
Derivative assets (123,132) 610,023 (185,930)
Margin deposits 39,861 812,616 (51,241)
Supplier advance payments 67,688 286,379 (131,636)
Other current assets and other assets (19,694) (36,749) (38,913)
Customer margin deposits and credit balances (34,051) (509,548) 56,177
Customer advance payments 164,021 (260,449) 61,978
Accounts payable and accrued expenses (164,616) 52,897 (167,025)
Derivative liabilities 134,925 (276,473) 111,481
Other liabilities 11,208 10,815 60,503
Net cash provided by operating activities 1,427,351 2,477,800 718,636
Cash flows from investing activities:      
Acquisition of property, plant and equipment (943,888) (659,373) (468,611)
Proceeds from disposition of property, plant and equipment 11,724 7,727 27,839
Expenditures for major repairs (3,305) (73,701) (23,443)
Investments in joint ventures and other (80,140) (21,364) (94,757)
Investments redeemed 138,485 13,021 12,112
Changes in notes receivable (184,060) 211,935 19,040
Business acquisitions, net of cash acquired (281,490) (12,711) (166,033)
Other investing activities, net 1,092 (492) (342)
Net cash used in investing activities (1,341,582) (534,958) (694,195)
Cash flows from financing activities:      
Changes in notes payable 247,639 85,910 (27,561)
Long-term debt borrowings 1,426 280,000 0
Principal payments (157,770) (113,583) (96,619)
Manditorily redeemable noncontrolling interest payments (65,981) (65,981) 0
Payments for bank fees 0 (9,593) (12,390)
Payments on crack spread contingent liability (8,670) 0 0
Changes in checks and drafts outstanding (17,815) (20,392) 6,353
Distributions to noncontrolling interests (575) (1,442) (78,602)
Preferred stock issued 702,979 0 0
Preferred Stock Issuance Costs (23,672) (295) 0
Preferred stock dividends paid (50,761) (24,544) (24,544)
Retirements of equities (99,609) (193,413) (145,722)
Cash patronage dividends paid (286,789) (380,947) (260,666)
Other financing activities, net 128 1,106 878
Net cash (used in) provided by financing activities 240,530 (443,174) (638,873)
Effect of exchange rate changes on cash and cash equivalents (1,624) (5,165) (9,224)
Net (decrease) increase in cash and cash equivalents 324,675 1,494,503 (623,656)
Cash and cash equivalents at beginning of period 1,808,532 314,029 937,685
Cash and cash equivalents at end of period $ 2,133,207 $ 1,808,532 $ 314,029