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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Aug. 31, 2015
Aug. 31, 2014
Aug. 31, 2013
Cash flows from operating activities:      
Net income $ 780,333 $ 1,083,007 $ 996,328
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 355,422 306,247 276,580
Amortization of deferred major repair costs 45,953 45,070 34,847
Equity (income) loss from investments (107,850) (107,446) (97,350)
Distributions from equity investments 80,917 79,685 62,761
Noncash patronage dividends received (13,035) (16,452) (16,644)
(Gain) loss on sale of property, plant and equipment (7,350) 3,316 (6,234)
Loss (gain) on investments (5,239) (114,162) (182)
Unrealized (gain) loss on crack spread contingent liability (36,310) (19,217) 23,109
Long-lived asset impairment 103,723 74,452 0
Deferred taxes 30,304 (24,397) 92,717
Other, net 3,681 7,777 5,714
Changes in operating assets and liabilities, net of acquisitions:      
Receivables 317,119 110,133 (105,899)
Inventories 71,073 (37,792) 557,331
Derivative assets 100,715 (123,132) 610,023
Margin deposits (8,534) 39,861 812,616
Supplier advance payments 3,127 67,688 286,379
Other current assets and other assets (87,426) (19,694) (36,749)
Customer margin deposits and credit balances (106,788) (34,051) (509,548)
Customer advance payments (223,463) 164,021 (260,449)
Accounts payable and accrued expenses (558,120) (189,803) 13,258
Derivative liabilities (134,033) 134,925 (276,473)
Other liabilities (34,209) 11,208 10,815
Net cash provided by operating activities 570,010 1,441,244 2,472,950
Cash flows from investing activities:      
Acquisition of property, plant and equipment (1,186,790) (919,076) (619,883)
Proceeds from disposition of property, plant and equipment 11,347 11,724 7,727
Expenditures for major repairs (201,688) (2,930) (73,552)
Investments in joint ventures and other (64,259) (80,140) (21,364)
Investments redeemed 19,927 138,485 13,021
Changes in notes receivable (184,067) (184,060) 211,935
Business acquisitions, net of cash acquired (305,213) (281,490) (12,711)
Other investing activities, net 2,075 1,092 (492)
Net cash used in investing activities (1,908,668) (1,316,395) (495,319)
Cash flows from financing activities:      
Changes in notes payable 19,265 247,639 85,910
Long-term debt borrowings 3,546 1,426 280,000
Principal payments on long-term debt (170,729) (157,770) (113,583)
Principal payments on capital lease obligations (38,902) (39,871) (35,387)
Manditorily redeemable noncontrolling interest payments (65,981) (65,981) (65,981)
Payments for bank fees 0 0 (9,593)
Payments on crack spread contingent liability 0 (8,670) 0
Changes in checks and drafts outstanding (43,353) (17,815) (20,392)
Preferred stock issued 1,010,000 702,979 0
Preferred Stock Issuance Costs (32,637) (23,672) (295)
Preferred stock dividends paid (133,710) (50,761) (24,544)
Retirements of equities (128,907) (99,609) (193,413)
Cash patronage dividends paid (271,226) (286,789) (380,947)
Other financing activities, net 6,462 344 262
Net cash (used in) provided by financing activities 153,828 201,450 (477,963)
Effect of exchange rate changes on cash and cash equivalents 5,436 (1,624) (5,165)
Net (decrease) increase in cash and cash equivalents (1,179,394) 324,675 1,494,503
Cash and cash equivalents at beginning of period 2,133,207 1,808,532 314,029
Cash and cash equivalents at end of period $ 953,813 $ 2,133,207 $ 1,808,532