XML 44 R6.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
May. 31, 2015
May. 31, 2014
Cash flows from operating activities:    
Net income $ 649,063 $ 883,522
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 227,323 193,161
Amortization of deferred major repair costs 30,022 37,411
Equity (income) loss from investments (83,548) (89,249)
Distributions from equity investments 62,449 62,019
Noncash patronage dividends received (4,882) (5,058)
Gain on sale of property, plant and equipment (3,897) 1,473
Gain on investments (5,074) (111,401)
Unrealized (gain) loss on crack spread contingent liability (5,697) (3,975)
Deferred taxes 29,836 99,574
Other, net 3,071 16,463
Changes in operating assets and liabilities, net of acquisitions:    
Receivables (9,607) (242,348)
Inventories (332,906) (150,039)
Derivative assets 7,799 (67,986)
Margin deposits 35,075 (41,111)
Supplier advance payments (182,858) (241,495)
Other current assets and other assets 20,960 (10,223)
Customer margin deposits and credit balances (109,116) (48,474)
Customer advance payments 5,305 448,920
Accounts payable and accrued expenses (301,956) (211,126)
Derivative liabilities (74,725) (52,595)
Other liabilities (27,923) 4,847
Net cash provided by (used in) operating activities (71,286) 472,310
Cash flows from investing activities:    
Acquisition of property, plant and equipment (827,228) (656,288)
Proceeds from disposition of property, plant and equipment 8,348 4,373
Expenditures for Major Repairs (145,550) 0
Payments to Acquire Other Investments (170,000) 0
Investments in joint ventures and other (57,595) (67,457)
Investments redeemed 11,281 130,445
Proceeds from sale of investments 8,284 2,725
Changes in notes receivable (116,556) (321,376)
Business acquisitions, net of cash acquired (8,929) (114,438)
Other investing activities, net (5,343) (3,558)
Net cash provided by (used in) investing activities (1,303,288) (1,025,574)
Cash flows from financing activities:    
Changes in notes payable 128,356 241,070
Long-term debt borrowings 3,546 1,426
Principal payments on long-term debt (155,302) (141,760)
Mandatorily redeemable noncontrolling interest payments (65,981) (65,981)
Payments on crack spread contingent liability 0 (8,670)
Changes in checks and drafts outstanding (58,962) (4,328)
Preferred stock issued 1,010,000 702,979
Preferred stock issuance costs (32,637) (23,134)
Preferred stock dividends paid (93,211) (29,860)
Distributions to noncontrolling interests (430) (575)
Retirements of equities (114,048) (87,666)
Cash Patronage Dividends Paid (277,020) (286,718)
Other financing activities, net 581 (1,635)
Net cash provided by (used in) financing activities 344,892 295,148
Effect of exchange rate changes on cash and cash equivalents (1,653) (918)
Net increase (decrease) in cash and cash equivalents (1,031,335) (259,034)
Cash and cash equivalents at beginning of period 2,133,207 1,808,532
Cash and cash equivalents at end of period $ 1,101,872 $ 1,549,498