EX-99.1 2 exhibit1.htm EX-99.1 EX-99.1

Exhibit 99.1

CHS Inc.

Summarized results of previously reported and restated Consolidated Statements of Cash Flows for the years ended August 31, 2005 and 2004 are as follows:

                                                 
                    2005   2004
 
                   As           As        
 
                   Previously   As   Previously   As
Dollars in thousands
                   Reported   Restated   Reported   Restated
 
                                                
Cash flows from operating activities:
                                        
    Distributions from equity investments
           $ 64,869             $ 58,702  
Net cash provided by operating activities
           $ 209,188       276,531     $ 333,289       394,345  
Cash flows from investing activities:
                                        
 
   Equity investments redeemed
             74,231               65,158          
 
   Investments redeemed
             4,152       13,514       9,481       15,937  
    Distributions to minority owners
     (29,925 )             (15,908 )        
Net cash used in investing activities
             (56,958 )     (91,902 )     (181,284 )     (224,078 )
Cash flows from financing activities:
                                        
    Distributions to minority owners
             (29,925 )             (15,908 )
Net cash used in financing activities
             (47,703 )     (80,102 )     (183,763 )     (202,025 )
Net increase (decrease) in cash and cash equivalents
             104,527       104,527       (31,758 )     (31,758 )
Cash and cash equivalents at beginning of year
             136,491       136,491       168,249       168,249  
Cash and cash equivalents at end of year
             241,018       241,018       136,491       136,491  

Summarized results of previously reported and restated Consolidated Statements of Cash Flows for the three months ended November 30, 2005 and 2004 are as follows:

                                                 
                    2005   2004
 
                   As           As        
 
                   Previously   As   Previously   As
Dollars in thousands
                   Reported   Restated   Reported   Restated
 
                                                
Cash flows from operating activities:
                                        
    Distributions from equity investments
           $ 3,532             $ 2,520  
Net cash provided by operating activities
           $ 160,154       163,686     $ 78,408       80,928  
Cash flows from investing activities:
                                        
 
   Equity investments redeemed
             3,532               22,520          
 
   Investments redeemed
             1,175       1,175       983       20,983  
    Distributions to minority owners
     (11,677 )             (3,060 )        
Net cash used in investing activities
             (94,297 )     (86,152 )     (35,776 )     (35,236 )
Cash flows from financing activities:
                                        
    Distributions to minority owners
             (11,677 )             (3,060 )
Net cash used in financing activities
             (62,119 )     (73,796 )     (12,276 )     (15,336 )
Net increase in cash and cash equivalents
             3,738       3,738       30,356       30,356  
Cash and cash equivalents at beginning of period
             241,018       241,018       136,491       136,491  
Cash and cash equivalents at end of period
             244,756       244,756       166,847       166,847  

Summarized results of previously reported and restated Consolidated Statements of Cash Flows for the six months ended February 28, 2006 and 2005 are as follows:

                                                 
                    2006   2005
 
                   As           As        
 
                   Previously   As   Previously   As
Dollars in thousands
                   Reported   Restated   Reported   Restated
 
                                                
Cash flows from operating activities:
                                        
    Distributions from equity investments
           $ 11,946             $ 24,870  
Net cash provided by (used in) operating activities
           $ 27,175       39,121     $ (144,837 )     (119,967 )
Cash flows from investing activities:
                                        
 
   Equity investments redeemed
             40,846               36,945          
 
   Investments redeemed
             3,218       32,118       2,093       14,168  
Net cash used in investing activities
             (51,615 )     (63,561 )     (60,195 )     (85,065 )
Net cash (used in) provided by financing activities
             (136,835 )     (136,835 )     262,074       262,074  
Net (decrease) increase in cash and cash equivalents
             (161,275 )     (161,,275 )     57,042       57,042  
Cash and cash equivalents at beginning of period
             241,018       241,018       136,491       136,491  
Cash and cash equivalents at end of period
             79,743       79,743       193,533       193,533  

Summarized results of previously reported and restated Consolidated Statements of Cash Flows for the nine months ended May 31, 2006 and 2005 are as follows:

                                                 
                    2006   2005
 
                   As           As        
 
                   Previously   As   Previously   As
Dollars in thousands
                   Reported   Restated   Reported   Restated
 
                                                
Cash flows from operating activities:
                                        
    Distributions from equity investments
           $ 53,340             $ 52,602  
Net cash provided by (used in) operating activities
           $ 227,026       280,366     $ (95,495 )     (42,893 )
Cash flows from investing activities:
                                        
 
   Equity investments redeemed
             53,340               52,602          
 
   Investments redeemed
             4,155       4,155       3,114       3,114  
Net cash used in investing activities
             (174,995 )     (228,335 )     (110,167 )     (162,769 )
Net cash (used in) provided by financing activities
             (156,122 )     (156,122 )     303,640       303,640  
Net (decrease) increase in cash and cash equivalents
             (104,091 )     (104,,091 )     97,978       97,978  
Cash and cash equivalents at beginning of period
             241,018       241,018       136,491       136,491  
Cash and cash equivalents at end of period
             136,927       136,927       234,469       234,469