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Investments (Tables) | 12 Months Ended
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Aug. 31, 2021
Investments [Abstract] |
Summary of investments | Investments as of August 31, 2021 and 2020, are as follows:
| 2021 |  | 2020
| (Dollars in thousands)
Equity method investments |  |  |
CF Industries Nitrogen, LLC | $ | 2,667,164 |  |  | $ | 2,662,618 |
Ventura Foods, LLC | 388,612 |  |  | 381,351 |
Ardent Mills, LLC | 220,132 |  |  | 208,927 |
TEMCO, LLC | 31,464 |  |  | 19,444 |
Other equity method investments | 232,923 |  |  | 233,738 |
Other investments | 128,816 |  |  | 123,955 |
Total investments | $ | 3,669,111 |  |  | $ | 3,630,033 |
Summarized financial information of equity method investments | The following tables provide aggregate summarized financial information for CF Nitrogen for balance sheets as of August 31, 2021 and 2020, and statements of operations for the 12 months ended August 31, 2021, 2020 and 2019:
| 2021 |  | 2020
| (Dollars in thousands)
Current assets | $ | 850,048 |  |  | $ | 552,127 |
Noncurrent assets | 6,248,315 |  |  | 6,564,086 |
Current liabilities | 301,174 |  |  | 222,391 |
Noncurrent liabilities | 2,454 |  |  | 3,036 |
| 2021 |  | 2020 |  | 2019
| (Dollars in thousands)
Net sales | $ | 2,975,983 |  |  | $ | 2,522,827 |  |  | $ | 2,894,795 |
Gross profit | 866,880 |  |  | 570,901 |  |  | 737,168 |
Net earnings | 809,536 |  |  | 529,462 |  |  | 706,291 |
Earnings attributable to CHS Inc. | 198,439 |  |  | 127,954 |  |  | 160,373 |
The following tables provide aggregate summarized financial information for our equity method investment in Ventura Foods for balance sheets as of August 31, 2021 and 2020, and statements of operations for the 12 months ended August 31, 2021, 2020 and 2019:
| 2021 |  | 2020
| (Dollars in thousands)
Current assets | $ | 810,593 |  |  | $ | 695,911 |
Noncurrent assets | 628,516 |  |  | 647,105 |
Current liabilities | 374,361 |  |  | 274,807 |
Noncurrent liabilities | 313,253 |  |  | 331,235 |
| 2021 |  | 2020 |  | 2019
| (Dollars in thousands)
Net sales | $ | 2,584,532 |  |  | $ | 2,246,412 |  |  | $ | 2,463,945 |
Gross profit | 350,708 |  |  | 289,590 |  |  | 299,959 |
Net earnings | 151,196 |  |  | 68,055 |  |  | 102,069 |
Earnings attributable to CHS Inc. | 78,519 |  |  | 34,026 |  |  | 51,608 |

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
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- Definition Tabular disclosure of data and information required in the supplementary schedule applicable to management investment companies listing holdings of unaffiliated investments. + References No definition available. + Details
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