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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Aug. 31, 2016
Aug. 31, 2015
Aug. 31, 2014
Cash flows from operating activities:      
Net income $ 423,969 $ 780,333 $ 1,083,007
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 447,492 355,422 306,247
Amortization of deferred major repair costs 73,483 45,953 45,070
Equity (income) loss from investments (175,777) (107,850) (107,446)
Distributions from equity investments 178,464 80,917 79,685
Noncash patronage dividends received (7,068) (13,035) (16,452)
(Gain) loss on sale of property, plant and equipment 452 (7,350) 3,316
Loss (gain) on investments (9,252) (5,239) (114,162)
Unrealized (gain) loss on crack spread contingent liability (60,931) (36,310) (19,217)
Provision for doubtful accounts 57,200 2,806 9,050
Long-lived asset impairment 27,247 103,723 74,452
Deferred taxes (24,178) 30,304 (24,397)
Other, net 424 3,681 7,777
Changes in operating assets and liabilities, net of acquisitions:      
Receivables 46,405 314,313 101,083
Inventories 338,662 71,073 (37,792)
Derivative assets (20,257) 100,715 (123,132)
Margin deposits (37,115) (8,534) 39,861
Supplier advance payments 44,047 3,127 67,688
Other current assets and other assets 120,993 (87,426) (19,694)
Customer margin deposits and credit balances 20,841 (106,788) (34,051)
Customer advance payments 5,664 (223,463) 164,021
Accounts payable and accrued expenses (129,259) (558,120) (189,803)
Derivative liabilities 36,283 (134,033) 134,925
Other liabilities (94,291) (34,209) 11,208
Net cash provided by operating activities 1,263,498 570,010 1,441,244
Cash flows from investing activities:      
Acquisition of property, plant and equipment (692,780) (1,186,790) (919,076)
Proceeds from disposition of property, plant and equipment 13,417 11,347 11,724
Expenditures for major repairs (19,610) (201,688) (2,930)
Investments in joint ventures and other (2,855,218) (64,259) (80,140)
Investments redeemed 33,821 19,927 138,485
Proceeds from sale of investments 39,229 7,733 4,668
Changes in notes receivable (257,968) (184,067) (184,060)
Business acquisitions, net of cash acquired (11,890) (305,213) (281,490)
Other investing activities, net 4,028 (5,658) (3,576)
Net cash used in investing activities (3,746,971) (1,908,668) (1,316,395)
Cash flows from financing activities:      
Proceeds from lines of credit and long term debt borrowings 31,586,968 8,954,420 4,591,982
Payments on lines of credit, long term debt and capital lease obligations (29,232,842) (9,141,240) (4,540,558)
Manditorily redeemable noncontrolling interest payments (153,022) (65,981) (65,981)
Payments on crack spread contingent liability (2,625) 0 (8,670)
Changes in checks and drafts outstanding 50,257 (43,353) (17,815)
Preferred stock issued 0 1,010,000 702,979
Preferred Stock Issuance Costs (164) (32,637) (23,672)
Preferred stock dividends paid (163,324) (133,710) (50,761)
Retirements of equities (23,911) (128,907) (99,609)
Cash patronage dividends paid (251,740) (271,226) (286,789)
Other financing activities, net 4,599 6,462 344
Net cash (used in) provided by financing activities 1,814,196 153,828 201,450
Effect of exchange rate changes on cash and cash equivalents (5,223) 5,436 (1,624)
Net (decrease) increase in cash and cash equivalents (674,500) (1,179,394) 324,675
Cash and cash equivalents at beginning of period 953,813 2,133,207 1,808,532
Cash and cash equivalents at end of period $ 279,313 $ 953,813 $ 2,133,207