XML 162 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
May 31, 2016
May 31, 2015
Cash flows from operating activities:    
Net income (loss) $ 425,675 $ 649,063
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 324,952 256,073
Amortization of deferred major repair costs 55,074 30,022
Equity (income) loss from investments (131,819) (83,548)
Distributions from equity investments 75,435 62,449
Noncash patronage dividends received (4,866) (4,882)
(Gain) loss on sale of property, plant and equipment (4,062) (3,897)
(Gain) loss on investments (9,422) (5,074)
Unrealized (gain) loss on crack spread contingent liability (51,321) (5,697)
Long-lived asset impairment 14,428 0
Deferred taxes (16,356) 29,836
Other, net (5,064) 3,071
Changes in operating assets and liabilities, net of acquisitions:    
Receivables 154,482 (9,607)
Inventories (164,652) (332,906)
Derivative assets (65,651) 7,799
Margin deposits (23,988) 35,075
Supplier advance payments (208,679) (182,858)
Other current assets and other assets 91,095 20,960
Customer margin deposits and credit balances 2,657 (109,116)
Customer advance payments (54,136) 5,305
Accounts payable and accrued expenses (72,161) (285,931)
Derivative liabilities 9,315 (74,725)
Other liabilities (78,511) (27,923)
Net cash provided by (used in) operating activities 262,425 (26,511)
Cash flows from investing activities:    
Acquisition of property, plant and equipment (557,689) (858,500)
Proceeds from disposition of property, plant and equipment 7,023 8,348
Expenditures for Major Repairs (19,338) (130,302)
Short-term investments, net (300) (170,000)
Investments in joint ventures and other (2,833,968) (57,595)
Investments redeemed 24,912 11,281
Proceeds from sale of investments 19,477 8,284
Changes in notes receivable (239,889) (116,556)
Business acquisitions, net of cash acquired (10,139) (8,929)
Other investing activities, net 5,550 (5,343)
Net cash provided by (used in) investing activities (3,604,361) (1,319,312)
Cash flows from financing activities:    
Proceeds from lines of credit and long-term borrowings 21,377,619 6,906,754
Payments on lines of credit, long term-debt and capital lease obligations (18,090,681) (6,958,504)
Mandatorily redeemable noncontrolling interest payments (153,022) (65,981)
Payments on crack spread contingent liability (2,625) 0
Changes in checks and drafts outstanding 1,680 (58,962)
Preferred stock issued 0 1,010,000
Preferred stock issuance costs (160) (32,637)
Preferred stock dividends paid (121,499) (93,211)
Retirements of equities (17,117) (114,048)
Cash Patronage Dividends Paid (253,150) (277,020)
Other financing activities, net (461) (250)
Net cash provided by (used in) financing activities 2,740,584 316,141
Effect of exchange rate changes on cash and cash equivalents (6,060) (1,653)
Net increase (decrease) in cash and cash equivalents (607,412) (1,031,335)
Cash and cash equivalents at beginning of period 953,813 2,133,207
Cash and cash equivalents at end of period $ 346,401 $ 1,101,872