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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Operating Activities  
Net income$ 74,654$ 38,803
Adjustments to reconcile net income to cash provided by (used in) operating activities:  
Depreciation and amortization30,08827,929
Bad debt expense (recovery)3,332(418)
Equity in earnings of unconsolidated affiliates, net of distributions received(13,669)(7,666)
Gains on sales of railcars and related leases(7,664)(6,365)
Excess tax benefit from share-based payment arrangements(35)(789)
Deferred income taxes1,6623,545
Stock based compensation expense2,7581,945
Other(1)115
Changes in operating assets and liabilities:  
Accounts receivable(8,661)(5,380)
Inventories188,649(21,819)
Commodity derivatives118,494(108,884)
Other assets(9,820)(5,518)
Accounts payable for grain(196,783)(106,948)
Other accounts payable and accrued expenses39,01144,811
Net cash provided by (used in) operating activities222,015(146,639)
Investing Activities  
Acquisition of business (7,783)
Investment in convertible preferred securities (13,100)
Purchases of railcars(38,439)(13,626)
Proceeds from sale of railcars19,84017,474
Purchases of property, plant and equipment(29,606)(23,398)
Proceeds from sale of property, plant and equipment832224
Change in restricted cash214208
Investments in affiliates(100)(395)
Net cash used in investing activities(47,259)(40,396)
Financing Activities  
Net change in short-term borrowings(136,100)101,400
Proceeds from issuance of long-term debt45,7134,315
Payments of long-term debt(66,163)(34,973)
Proceeds from sale of treasury shares to employees and directors7301,288
Purchase of treasury stock(2,747) 
Payments of debt issuance costs(815)(1,059)
Dividends paid(6,118)(4,922)
Excess tax benefit from share-based payment arrangements35789
Net cash (used in) provided by financing activities(165,465)66,838
Increase (decrease) in cash and cash equivalents9,291(120,197)
Cash and cash equivalents at beginning of period29,219145,929
Cash and cash equivalents at end of period$ 38,510$ 25,732