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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Operating activities    
Net income $ 17,728 $ 17,388
Adjustments to reconcile net income to cash used in operating activities:    
Depreciation and amortization 10,495 9,884
Bad debt expense 634 2,437
Cash distributions in excess of income of unconsolidated affiliates 8,602 1,372
Gains on sales of railcars and related leases (6,294) (4,766)
Deferred income taxes (2,857) (854)
Stock based compensation expense 1,791 791
Other 150 (21)
Changes in operating assets and liabilities:    
Accounts and notes receivable (35,215) (70,469)
Inventories (25,093) (127,828)
Commodity derivatives 70,277 79,903
Other assets 141 (11,109)
Accounts payable for grain (276,669) (184,154)
Other accounts payable and accrued expenses 49,303 65,672
Net cash used in operating activities (187,007) (221,754)
Investing Activities    
Purchase of treasury bills (19,996)  
Acquisition of business, net of cash acquired (15,286)  
Purchases of railcars (33,414) (10,814)
Proceeds from sale of railcars 10,206 9,159
Purchases of property, plant and equipment (15,014) (4,162)
Proceeds from sale of property, plant and equipment 508 64
Change in restricted cash (134) (219)
Net cash used in investing activities (73,130) (5,972)
Financing Activities    
Net change in short-term borrowings 293,500 218,900
Proceeds from issuance of long-term debt 6,935 22,957
Payments of long-term debt (27,269) (18,305)
Proceeds from sale of treasury shares to employees and directors 1,244 123
Payment of debt issuance costs (9) (815)
Dividends paid (2,780) (2,033)
Net cash provided by financing activities 271,621 220,827
Increase (Decrease) in cash and cash equivalents 11,484 (6,899)
Cash and cash equivalents at beginning of period 20,390 29,219
Cash and cash equivalents at end of period $ 31,874 $ 22,320