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Tj ET Q BT /F2 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 39 695.81005859375 m 64.49267578125 695.81005859375 l s q 0 0 1 rg BT 39.00 697.01 Td (Item 1.) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 108 695.81005859375 m 140.00537109375 695.81005859375 l s q 0 0 1 rg BT 108.00 697.01 Td (Business) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 140.75 697.01 Td (.................................................................................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 39 683.81005859375 m 70.9921875 683.81005859375 l s q 0 0 1 rg BT 39.00 685.01 Td (Item 1A.) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 108 683.81005859375 m 153.25048828125 683.81005859375 l s q 0 0 1 rg BT 108.00 685.01 Td (Risk Factors) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 154.25 685.01 Td (...........................................................................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 39 671.81005859375 m 70.49560546875 671.81005859375 l s q 0 0 1 rg BT 39.00 673.01 Td (Item 1B.) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 108 671.81005859375 m 210.322265625 671.81005859375 l s q 0 0 1 rg BT 108.00 673.01 Td (Unresolved Staf) Tj ET Q q 0 0 1 rg BT 166.07 673.01 Td (f Comments) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 210.50 673.01 Td (..................................................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 39 659.81005859375 m 64.49267578125 659.81005859375 l s q 0 0 1 rg BT 39.00 661.01 Td (Item 2.) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 108 659.81005859375 m 144.4921875 659.81005859375 l s q 0 0 1 rg BT 108.00 661.01 Td (Properties) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 145.25 661.01 Td (...............................................................................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 39 647.81005859375 m 64.49267578125 647.81005859375 l s q 0 0 1 rg BT 39.00 649.01 Td (Item 3.) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 108 647.81005859375 m 174.7265625 647.81005859375 l s q 0 0 1 rg BT 108.00 649.01 Td (Legal Proceedings) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 176.75 649.01 Td (.................................................................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 39 635.81005859375 m 64.49267578125 635.81005859375 l s q 0 0 1 rg BT 39.00 637.01 Td (Item 4.) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 108 635.81005859375 m 196.48388671875 635.81005859375 l s q 0 0 1 rg BT 108.00 637.01 Td (Mine Safety Disclosures) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 197.00 637.01 Td (........................................................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 625.01 Td () Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 288.55 611.746337890625 m 323.407421875 611.746337890625 l s q 0 0 1 rg BT 288.55 613.15 Td (P) Tj ET Q q 0 0 1 rg BT 293.38 613.15 Td (AR) Tj ET Q q 0 0 1 rg BT 306.06 613.15 Td (T) Tj ET Q q 0 0 1 rg BT 311.90 613.15 Td (II.) Tj ET Q BT /F2 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 39 599.81005859375 m 64.49267578125 599.81005859375 l s q 0 0 1 rg BT 39.00 601.01 Td (Item 5.) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 108 599.81005859375 m 511.83544921875 599.81005859375 l s q 0 0 1 rg BT 108.00 601.01 Td (Market for Registrant) Tj ET Q q 0 0 1 rg BT 188.48 601.01 Td (s Common Equity) Tj ET Q q 0 0 1 rg BT 253.40 601.01 Td (, Related Stockholder Matters and Issuer Purchases of Equity Securities) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 512.00 601.01 Td (............) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 39 587.81005859375 m 64.49267578125 587.81005859375 l s q 0 0 1 rg BT 39.00 589.01 Td (Item 6.) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 108 587.81005859375 m 193.46484375 587.81005859375 l s q 0 0 1 rg BT 108.00 589.01 Td (Selected Financial Data) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 194.75 589.01 Td (.........................................................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 39 575.81005859375 m 64.49267578125 575.81005859375 l s q 0 0 1 rg BT 39.00 577.01 Td (Item 7.) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 108 575.81005859375 m 430.4619140625 575.81005859375 l s q 0 0 1 rg BT 108.00 577.01 Td (Management) Tj ET Q q 0 0 1 rg BT 157.48 577.01 Td (s Discussion and ) Tj ET Q q 0 0 1 rg BT 219.74 577.01 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 431.00 577.01 Td (................................................) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 39 563.81005859375 m 70.9921875 563.81005859375 l s q 0 0 1 rg BT 39.00 565.01 Td (Item 7A.) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 108 563.81005859375 m 325.458984375 563.81005859375 l s q 0 0 1 rg BT 108.00 565.01 Td (Quantitative and Qualitative Disclosures ) Tj ET Q q 0 0 1 rg BT 255.96 565.01 Td (About Market Risk) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 327.50 565.01 Td (..............................................................................................) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 39 551.81005859375 m 64.49267578125 551.81005859375 l s q 0 0 1 rg BT 39.00 553.01 Td (Item 8.) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 108 551.81005859375 m 274.4560546875 551.81005859375 l s q 0 0 1 rg BT 108.00 553.01 Td (Financial Statements and Supplementary Data) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 275.75 553.01 Td (.....................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 39 539.81005859375 m 64.49267578125 539.81005859375 l s q 0 0 1 rg BT 39.00 541.01 Td (Item 9.) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 108 539.81005859375 m 430.93212890625 539.81005859375 l s q 0 0 1 rg BT 108.00 541.01 Td (Changes in and Disagreements with ) Tj ET Q q 0 0 1 rg BT 239.23 541.01 Td (Accountants on ) Tj ET Q q 0 0 1 rg BT 297.22 541.01 Td (Accounting and Financial Disclosure) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 431.00 541.01 Td (................................................) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 39 527.81005859375 m 70.9921875 527.81005859375 l s q 0 0 1 rg BT 39.00 529.01 Td (Item 9A.) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 108 527.81005859375 m 196.48388671875 527.81005859375 l s q 0 0 1 rg BT 108.00 529.01 Td (Controls and Procedures) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 197.00 529.01 Td (........................................................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 39 515.81005859375 m 70.49560546875 515.81005859375 l s q 0 0 1 rg BT 39.00 517.01 Td (Item 9B.) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 108 515.81005859375 m 173.72900390625 515.81005859375 l s q 0 0 1 rg BT 108.00 517.01 Td (Other Information) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 174.50 517.01 Td (..................................................................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 505.01 Td () Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 286.8 491.746337890625 m 325.15986328125 491.746337890625 l s q 0 0 1 rg BT 286.80 493.15 Td (P) Tj ET Q q 0 0 1 rg BT 291.63 493.15 Td (AR) Tj ET Q q 0 0 1 rg BT 304.31 493.15 Td (T) Tj ET Q q 0 0 1 rg BT 310.15 493.15 Td (III.) 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Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 108 467.81005859375 m 198.228515625 467.81005859375 l s q 0 0 1 rg BT 108.00 469.01 Td (Executive Compensation) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 199.25 469.01 Td (.......................................................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 39 455.81005859375 m 68.99267578125 455.81005859375 l s q 0 0 1 rg BT 39.00 457.01 Td (Item 12.) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 108 455.81005859375 m 472.640625 455.81005859375 l s q 0 0 1 rg BT 108.00 457.01 Td (Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 473.75 457.01 Td (.............................) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 39 443.81005859375 m 68.99267578125 443.81005859375 l s q 0 0 1 rg BT 39.00 445.01 Td (Item 13.) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 108 443.81005859375 m 380.42578125 443.81005859375 l s q 0 0 1 rg BT 108.00 445.01 Td (Certain Relationships and Related ) Tj ET Q q 0 0 1 rg BT 232.81 445.01 Td (T) Tj ET Q q 0 0 1 rg BT 237.99 445.01 Td (ransactions, and Director Independence) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 381.50 445.01 Td (......................................................................) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 39 431.81005859375 m 68.99267578125 431.81005859375 l s q 0 0 1 rg BT 39.00 433.01 Td (Item 14.) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 108 431.81005859375 m 250.96728515625 431.81005859375 l s q 0 0 1 rg BT 108.00 433.01 Td (Principal ) Tj ET Q q 0 0 1 rg BT 142.25 433.01 Td (Accounting Fees and Services) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 251.00 433.01 Td (................................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 421.01 Td () Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 287.65 407.746337890625 m 324.3443359375 407.746337890625 l s q 0 0 1 rg BT 287.65 409.15 Td (P) Tj ET Q q 0 0 1 rg BT 292.48 409.15 Td (AR) Tj ET Q q 0 0 1 rg BT 305.16 409.15 Td (T) Tj ET Q q 0 0 1 rg BT 311.00 409.15 Td (IV) Tj ET Q q 0 0 1 rg BT 322.09 409.15 Td (.) Tj ET Q BT /F2 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 39 395.81005859375 m 68.99267578125 395.81005859375 l s q 0 0 1 rg BT 39.00 397.01 Td (Item 15.) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 108 395.81005859375 m 265.97021484375 395.81005859375 l s q 0 0 1 rg BT 108.00 397.01 Td (Exhibits and Financial Statement Schedules) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 266.75 397.01 Td (.........................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 39 383.81005859375 m 68.99267578125 383.81005859375 l s q 0 0 1 rg BT 39.00 385.01 Td (Item 16.) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 108 383.81005859375 m 185.49755859375 383.81005859375 l s q 0 0 1 rg BT 108.00 385.01 Td (Form 10-K Summary) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 185.75 385.01 Td (.............................................................................................................................................................) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 39 371.746337890625 m 96.849609375 371.746337890625 l s q 0 0 1 rg BT 39.00 373.15 Td (SIGNA) Tj ET Q q 0 0 1 rg BT 66.84 373.15 Td (TURES) Tj ET Q BT /F2 9.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 98.00 373.01 Td (....................................................................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 568.5 695.81005859375 m 573 695.81005859375 l s q 0 0 1 rg BT 568.50 697.01 Td (1) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 568.5 683.81005859375 m 573 683.81005859375 l s q 0 0 1 rg BT 568.50 685.01 Td (9) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 564 671.81005859375 m 573 671.81005859375 l s q 0 0 1 rg BT 564.00 673.01 Td (16) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 564 659.81005859375 m 573 659.81005859375 l s q 0 0 1 rg BT 564.00 661.01 Td (17) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 564 647.81005859375 m 573 647.81005859375 l s q 0 0 1 rg BT 564.00 649.01 Td (18) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 564 635.81005859375 m 573 635.81005859375 l s q 0 0 1 rg BT 564.00 637.01 Td (18) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 564 599.81005859375 m 573 599.81005859375 l s q 0 0 1 rg BT 564.00 601.01 Td (19) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 564 587.81005859375 m 573 587.81005859375 l s q 0 0 1 rg BT 564.00 589.01 Td (20) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 564 575.81005859375 m 573 575.81005859375 l s q 0 0 1 rg BT 564.00 577.01 Td (21) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 564 563.81005859375 m 573 563.81005859375 l s q 0 0 1 rg BT 564.00 565.01 Td (43) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 564 551.81005859375 m 573 551.81005859375 l s q 0 0 1 rg BT 564.00 553.01 Td (46) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 564 539.81005859375 m 573 539.81005859375 l s q 0 0 1 rg BT 564.00 541.01 Td (46) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 564 527.81005859375 m 573 527.81005859375 l s q 0 0 1 rg BT 564.00 529.01 Td (46) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 564 515.81005859375 m 573 515.81005859375 l s q 0 0 1 rg BT 564.00 517.01 Td (47) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 564 479.81005859375 m 573 479.81005859375 l s q 0 0 1 rg BT 564.00 481.01 Td (48) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 564 467.81005859375 m 573 467.81005859375 l s q 0 0 1 rg BT 564.00 469.01 Td (53) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 564 455.81005859375 m 573 455.81005859375 l s q 0 0 1 rg BT 564.00 457.01 Td (77) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 564 443.81005859375 m 573 443.81005859375 l s q 0 0 1 rg BT 564.00 445.01 Td (78) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 564 431.81005859375 m 573 431.81005859375 l s q 0 0 1 rg BT 564.00 433.01 Td (79) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 564 395.81005859375 m 573 395.81005859375 l s q 0 0 1 rg BT 564.00 397.01 Td (81) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 564 383.81005859375 m 573 383.81005859375 l s q 0 0 1 rg BT 564.00 385.01 Td (87) Tj ET Q BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 564 371.81005859375 m 573 371.81005859375 l s q 0 0 1 rg BT 564.00 373.01 Td (88) Tj ET Q BT /F1 9.00 Tf ET endstream endobj 9 0 obj <>] /Rotate 0 /Contents 10 0 R>> endobj 10 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.55 742.25 Td (P) Tj ET Q q 0 0 0 rg BT 293.92 742.25 Td (AR) Tj ET Q q 0 0 0 rg BT 308.01 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 314.50 742.25 Td (I.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (ITEM 1. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 122.00 718.25 Td (BUSINESS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.60 694.25 Td (THE COMP) Tj ET Q q 0 0 0 rg BT 322.02 694.25 Td (ANY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 670.25 Td (CHS Inc. \(referred to herein as CHS, we or us\) is the nation) Tj ET Q q 0 0 0 rg BT 354.24 670.25 Td (s leading integrated agricultural cooperative, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (providing grain, foods and ener) Tj ET Q q 0 0 0 rg BT 175.62 658.25 Td (gy resources to businesses and consumers on a global basis. ) Tj ET Q q 0 0 0 rg BT 416.97 658.25 Td (As a cooperative, we are owned by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (farmers and ranchers and their member cooperatives \(referred to herein as members\) across the United States. ) Tj ET Q q 0 0 0 rg BT 500.45 646.25 Td (W) Tj ET Q q 0 0 0 rg BT 509.09 646.25 Td (e also have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (preferred shareholders that own shares of our five series of preferred stock, which are each listed and traded on the NASDAQ ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (Global Select Market. ) Tj ET Q q 0 0 0 rg BT 140.35 622.25 Td (W) Tj ET Q q 0 0 0 rg BT 148.98 622.25 Td (e buy commodities from and provide products and services to individual agricultural producers, local ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (cooperatives and other companies \(including our members and other non-member customers\), both domestically and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (internationally) Tj ET Q q 0 0 0 rg BT 107.67 598.25 Td (. ) Tj ET Q q 0 0 0 rg BT 112.49 598.25 Td (W) Tj ET Q q 0 0 0 rg BT 121.12 598.25 Td (e provide a wide variety of products and services, from initial agricultural inputs such as fuels, farm supplies, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (crop nutrients and crop protection products, to agricultural outputs that include grains and oilseeds, grain and oilseed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (processing, renewable fuels and food products. ) Tj ET Q q 0 0 0 rg BT 239.95 574.25 Td (A) Tj ET Q q 0 0 0 rg BT 246.62 574.25 Td ( portion of our operations are conducted through equity investments and joint ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (ventures whose operating results are not fully consolidated with our results; rather) Tj ET Q q 0 0 0 rg BT 378.13 562.25 Td (, a proportionate share of the income or loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (from those equity investments and joint ventures is included as a component in our net income under the equity method of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (accounting. For the year ended ) Tj ET Q q 0 0 0 rg BT 175.51 538.25 Td (August31, 2017, our total revenues were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.97 538.25 Td ($31.9 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.09 538.25 Td ( and net income attributable to CHS Inc. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.05 526.25 Td ($127.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.94 526.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 502.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 502.25 Td (e have aligned our segments based on an assessment of how our businesses operate and the products and services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (they sell. Our Ener) Tj ET Q q 0 0 0 rg BT 125.35 490.25 Td (gy segment derives its revenues through refining, wholesaling and retailing of petroleum products. Our ) Tj ET Q q 0 0 0 rg BT 539.70 490.25 Td (Ag ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (segment derives its revenues through the origination and marketing of grain, including: service activities conducted at export ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (terminals; through wholesale sales of crop nutrients; from sales of soybean meal, soybean refined oil and soyflour products; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (through the production and marketing of renewable fuels; and through retail sales of petroleum and agronomy products, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (processed sunflowers, feed and farm supplies. Our ) Tj ET Q q 0 0 0 rg BT 254.11 442.25 Td (Ag segment also records equity income from our grain export joint venture ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (and other investments. Our Nitrogen Production segment consists solely of, and came into existence upon, our equity method ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (investment in CF Industries Nitrogen, LLC \(CF Nitrogen\), which was completed in February 2016. ) Tj ET Q q 0 0 0 rg BT 458.92 418.25 Td (The addition of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (Nitrogen Production segment did not have any impact on historically reported segment results and balances. Our Foods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (segment consists solely of our equity method investment in ) Tj ET Q q 0 0 0 rg BT 289.51 394.25 Td (V) Tj ET Q q 0 0 0 rg BT 295.63 394.25 Td (entura Foods, LLC \(V) Tj ET Q q 0 0 0 rg BT 387.83 394.25 Td (entura Foods\). Prior to ) Tj ET Q q 0 0 0 rg BT 484.77 394.25 Td (August 31, 2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (our equity method investment in ) Tj ET Q q 0 0 0 rg BT 182.30 382.25 Td (V) Tj ET Q q 0 0 0 rg BT 188.41 382.25 Td (entura Foods was reported as a component of Corporate and Other and, accordingly) Tj ET Q q 0 0 0 rg BT 522.93 382.25 Td (, reported ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (segment results and balances prior to that time have been revised to reflect the addition of our Foods segment. ) Tj ET Q q 0 0 0 rg BT 492.47 370.25 Td (W) Tj ET Q q 0 0 0 rg BT 501.11 370.25 Td (e include our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (other business operations in Corporate and Other because of the nature of their products and services, as well as the relative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (revenues of those businesses. ) Tj ET Q q 0 0 0 rg BT 169.52 346.25 Td (These businesses primarily include our financing, insurance, hedging and other service activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (related to crop production. In addition, our wheat milling operations, which are conducted through non-consolidated joint ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (ventures, are included in Corporate and Other) Tj ET Q q 0 0 0 rg BT 232.44 322.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 298.25 Td (Our earnings from cooperative business are allocated to members \(and to a limited extent, to non-members with which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (we have agreed to do business on a patronage basis\) based on the volume of business they do with us. ) Tj ET Q q 0 0 0 rg BT 459.45 286.25 Td (W) Tj ET Q q 0 0 0 rg BT 468.09 286.25 Td (e allocate these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (earnings to our patrons in the form of patronage refunds \(which are also called patronage dividends\), which may be in cash, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (patrons) Tj ET Q q 0 0 0 rg BT 82.03 262.25 Td ( equities \(in the form of capital equity certificates\), or both. Patrons' equities may be redeemed over time solely at the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (discretion of our Board of Directors. Earnings derived from non-members, which are not treated as patronage, are taxed at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (federal and state statutory corporate rates and are retained by us as unallocated capital reserve. ) Tj ET Q q 0 0 0 rg BT 429.64 238.25 Td (W) Tj ET Q q 0 0 0 rg BT 438.28 238.25 Td (e also receive patronage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (refunds from the cooperatives in which we are a member) Tj ET Q q 0 0 0 rg BT 277.56 226.25 Td (, if those cooperatives have earnings to distribute and if we qualify for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (patronage refunds from them.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 190.25 Td (Our origins date back to the early 1930s with the founding of our predecessor companies, Cenex, Inc. and Harvest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (States Cooperatives. CHS Inc. emer) Tj ET Q q 0 0 0 rg BT 193.68 178.25 Td (ged as the result of the mer) Tj ET Q q 0 0 0 rg BT 301.79 178.25 Td (ger of those two entities in 1998, and is headquartered in Inver ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (Grove Heights, Minnesota.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 142.25 Td (Our segment and international sales information in Note1) Tj ET Q q 0 0 0 rg BT 318.35 142.25 Td (1, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 328.35 142.25 Td (Segment Reporting, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.72 142.25 Td (of notes to consolidated financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (statements that are included in this ) Tj ET Q q 0 0 0 rg BT 190.52 130.25 Td (Annual Report on Form 10-K are incorporated by reference into the following segment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (descriptions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 94.25 Td (Our internet address is www) Tj ET Q q 0 0 0 rg BT 199.77 94.25 Td (.chsinc.com. ) Tj ET Q q 0 0 0 rg BT 252.35 94.25 Td (The information contained on our website is not part of, and is not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (incorporated in, this ) Tj ET Q q 0 0 0 rg BT 132.21 82.25 Td (Annual Report on Form 10-K or any other report we file with or furnish to the Securities and Exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.25 Td (Commission \("SEC"\).) Tj ET Q endstream endobj 11 0 obj <>] /Rotate 0 /Contents 12 0 R>> endobj 12 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 284.75 742.25 Td (ENERGY) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 724.85 Td (Overview) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.85 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 700.85 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 700.85 Td (e are the nation) Tj ET Q q 0 0 0 rg BT 158.77 700.85 Td (s lar) Tj ET Q q 0 0 0 rg BT 175.53 700.85 Td (gest cooperative ener) Tj ET Q q 0 0 0 rg BT 260.31 700.85 Td (gy company based on revenues and identifiable assets, with operations that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.85 Td (include: petroleum refining and pipelines; the supply) Tj ET Q q 0 0 0 rg BT 260.97 688.85 Td (, marketing and distribution of refined fuels \(gasoline, diesel fuel and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.85 Td (ener) Tj ET Q q 0 0 0 rg BT 67.03 676.85 Td (gy products\); the blending, sale and distribution of lubricants; and the wholesale supply of propane and other natural gas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.85 Td (liquids. Our Ener) Tj ET Q q 0 0 0 rg BT 118.97 664.85 Td (gy segment processes crude oil into refined petroleum products at our refineries in Laurel, Montana and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.85 Td (McPherson, Kansas and sells those products under the Cenex brand to member cooperatives and other independent retailers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.85 Td (through a network of nearly 1,500 sites, the majority of which are convenience stores marketing Cenex branded fuels. For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.85 Td (fiscal 2017, our Ener) Tj ET Q q 0 0 0 rg BT 133.68 628.85 Td (gy revenues, after elimination of intersegment revenues, were $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.03 628.85 Td (6.3 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.14 628.85 Td ( and were primarily from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.85 Td (gasoline and diesel fuel.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 587.45 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 563.45 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 563.45 Td (Laur) Tj ET Q q 0 0 0 rg BT 105.08 563.45 Td (el Refinery) Tj ET Q q 0 0 0 rg BT 148.12 563.45 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.62 563.45 Td (Our Laurel, Montana refinery processes medium and high sulfur crude oil into refined petroleum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 551.45 Td (products that primarily include gasoline, diesel fuel, petroleum coke and asphalt. Our Laurel, Montana refinery sources ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 539.45 Td (approximately 93% of its crude oil supply from Canada, with the balance obtained from domestic sources, and we have access ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 527.45 Td (to Canadian and northwest Montana crude oil through our wholly-owned Front Range Pipeline, LLC and other common carrier ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 515.45 Td (pipelines. Our Laurel, Montana refinery also has access to ) Tj ET Q q 0 0 0 rg BT 285.01 515.45 Td (W) Tj ET Q q 0 0 0 rg BT 293.85 515.45 Td (yoming crude oil via common carrier pipelines from the south.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 491.45 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 491.45 Td (Our Laurel, Montana facility processes approximately 55,000barrels of crude oil per day to produce refined products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 479.45 Td (that consist of approximately 43% gasoline, 41% diesel fuel and other distillates, 8% asphalt and 7% petroleum coke and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 467.45 Td (products. Refined fuels produced at our Laurel, Montana refinery are available: via rail cars and via the ) Tj ET Q q 0 0 0 rg BT 465.29 467.45 Td (Y) Tj ET Q q 0 0 0 rg BT 471.51 467.45 Td (ellowstone Pipeline to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 455.45 Td (western Montana terminals and to Spokane, ) Tj ET Q q 0 0 0 rg BT 227.83 455.45 Td (W) Tj ET Q q 0 0 0 rg BT 236.47 455.45 Td (ashington; south via common carrier pipelines to ) Tj ET Q q 0 0 0 rg BT 434.30 455.45 Td (W) Tj ET Q q 0 0 0 rg BT 443.14 455.45 Td (yoming terminals and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 443.45 Td (Denver) Tj ET Q q 0 0 0 rg BT 79.03 443.45 Td (, Colorado; and east via our wholly-owned Cenex Pipeline, LLC to Glendive, Montana and Minot and Far) Tj ET Q q 0 0 0 rg BT 503.49 443.45 Td (go, North ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 431.45 Td (Dakota.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 407.45 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 407.45 Td (McPherson Refinery) Tj ET Q q 0 0 0 rg BT 167.92 407.45 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.42 407.45 Td ( Our McPherson, Kansas refinery processes approximately 59% low and medium sulfur crude ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 395.45 Td (oil and approximately 41% heavy sulfur crude oil into gasoline, diesel fuel and other distillates, propane and other products. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 383.45 Td (The refinery sources its crude oil through its own pipelines as well as common carrier pipelines. ) Tj ET Q q 0 0 0 rg BT 436.66 383.45 Td (The low and medium sulfur ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 371.45 Td (crude oil is sourced from Kansas, North Dakota, Oklahoma and ) Tj ET Q q 0 0 0 rg BT 306.97 371.45 Td (T) Tj ET Q q 0 0 0 rg BT 312.38 371.45 Td (exas, and the heavy sulfur crude oil is sourced from Canada.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 347.45 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 347.45 Td (Our McPherson, Kansas refinery processes approximately 100,000barrels of crude oil per day to produce refined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 335.45 Td (products that consist of approximately 55% gasoline, 38% diesel fuel and other distillates and 3% propane and other products. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 323.45 Td (Approximately 22% of the refined fuels are either loaded into trucks at the McPherson, Kansas refinery or shipped via its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 311.45 Td (proprietary products pipeline to our terminal in Council Bluf) Tj ET Q q 0 0 0 rg BT 292.54 311.45 Td (fs, Iowa. ) Tj ET Q q 0 0 0 rg BT 329.58 311.45 Td (The remaining refined fuel products are shipped to other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 299.45 Td (markets via common carrier pipelines.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 275.45 Td (Our McPherson, Kansas refinery was previously owned and operated by National Cooperative Refinery ) Tj ET Q q 0 0 0 rg BT 503.66 275.45 Td (Association ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 263.45 Td (\("NCRA"\). On September 1, 2015, we became the sole owner of the McPherson, Kansas refinery upon the final closing under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 251.45 Td (our November 201) Tj ET Q q 0 0 0 rg BT 125.17 251.45 Td (1 agreement to purchase all of the noncontrolling interests in NCRA, which is now known as CHS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 239.45 Td (McPherson Refinery Inc. \("CHS McPherson"\). See Note 17, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 294.51 239.45 Td (Acquisitions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.96 239.45 Td (, of the notes to consolidated financial statements that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 227.45 Td (are included in this ) Tj ET Q q 0 0 0 rg BT 128.32 227.45 Td (Annual Report on Form 10-K for additional information.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 203.45 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 203.45 Td (Other Ener) Tj ET Q q 0 0 0 rg BT 130.90 203.45 Td (gy Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.84 203.45 Td (.) Tj ET Q q 0 0 0 rg BT 195.16 203.45 Td (W) Tj ET Q q 0 0 0 rg BT 203.79 203.45 Td (e own six propane terminals, four asphalt terminals, seven refined product terminals and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 191.45 Td (three lubricants blending and packaging facilities. ) Tj ET Q q 0 0 0 rg BT 251.69 191.45 Td (W) Tj ET Q q 0 0 0 rg BT 260.33 191.45 Td (e also own and lease a fleet of liquid and pressure trailers and tractors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 179.45 Td (which are used to transport refined fuels, propane, anhydrous ammonia and other products.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 155.45 Td (Products and Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 131.45 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 131.45 Td (Our Ener) Tj ET Q q 0 0 0 rg BT 122.75 131.45 Td (gy segment produces and sells \(primarily wholesale\) gasoline, diesel fuel, propane, asphalt, lubricants and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 119.45 Td (other related products and also provides transportation services. In addition to selling the products refined at our Laurel, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 107.45 Td (Montana, and McPherson, Kansas refineries, we purchase refined petroleum products from third parties. For fiscal 2017, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 95.45 Td (obtained approximately 68% of the refined petroleum products we sold from our Laurel, Montana and McPherson, Kansas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 83.45 Td (refineries, and approximately 32% from third parties.) Tj ET Q endstream endobj 13 0 obj <>] /Rotate 0 /Contents 14 0 R>> endobj 14 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (3) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Sales and Marketing; Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 718.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 718.25 Td (e market approximately 80% of our refined fuel products to members, with the balance sold to non-members. Sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (are made wholesale to member cooperatives and through a network of independent retailers that operate convenience stores ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (under the Cenex trade name. ) Tj ET Q q 0 0 0 rg BT 174.59 694.25 Td (W) Tj ET Q q 0 0 0 rg BT 183.23 694.25 Td (e sold approximately 1.6 billion gallons of gasoline and approximately 1.8 billion gallons of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (diesel fuel in fiscal 2017. ) Tj ET Q q 0 0 0 rg BT 153.13 682.25 Td (W) Tj ET Q q 0 0 0 rg BT 161.76 682.25 Td (e also blend, package and wholesale auto and farm machinery lubricants to both members and non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (members. ) Tj ET Q q 0 0 0 rg BT 91.47 670.25 Td (W) Tj ET Q q 0 0 0 rg BT 100.11 670.25 Td (e are one of the nation) Tj ET Q q 0 0 0 rg BT 192.02 670.25 Td (s lar) Tj ET Q q 0 0 0 rg BT 208.77 670.25 Td (gest propane wholesalers based on revenues. Most of the propane sold in rural areas is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (for heating and agricultural usage. ) Tj ET Q q 0 0 0 rg BT 188.84 658.25 Td (Annual sales volumes of propane vary greatly depending on weather patterns and crop ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (conditions.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (Industry; Competition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 598.25 Td (The petroleum business is highly cyclical. Demand for crude oil and ener) Tj ET Q q 0 0 0 rg BT 379.06 598.25 Td (gy products is driven by the condition of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (local and worldwide economies, local and regional weather patterns and taxation relative to other ener) Tj ET Q q 0 0 0 rg BT 458.82 586.25 Td (gy sources, which can ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (significantly af) Tj ET Q q 0 0 0 rg BT 110.08 574.25 Td (fect the price of refined fuel products. Our Ener) Tj ET Q q 0 0 0 rg BT 300.64 574.25 Td (gy segment generally experiences higher volumes and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (profitability in certain operating areas, such as refined products, in the summer and early fall when gasoline and diesel fuel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (usage by our agricultural customers is highest and is subject to domestic supply and demand forces. Other ener) Tj ET Q q 0 0 0 rg BT 493.59 550.25 Td (gy products, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (such as propane, may experience higher volumes and profitability during the winter heating and crop drying seasons. More ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (fuel-ef) Tj ET Q q 0 0 0 rg BT 76.46 526.25 Td (ficient equipment, reduced crop tillage, depressed prices for crops, weather conditions and government programs which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (encourage idle acres may all reduce demand for our ener) Tj ET Q q 0 0 0 rg BT 276.65 514.25 Td (gy products.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 490.25 Td (Regulation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.38 490.25 Td (Governmental regulations and policies, particularly in the areas of taxation, ener) Tj ET Q q 0 0 0 rg BT 458.75 490.25 Td (gy and the environment, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (have a significant impact on our Ener) Tj ET Q q 0 0 0 rg BT 199.77 478.25 Td (gy segment. Our Ener) Tj ET Q q 0 0 0 rg BT 287.34 478.25 Td (gy segment) Tj ET Q q 0 0 0 rg BT 335.94 478.25 Td (s operations are subject to laws and related regulations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (and rules designed to protect the environment that are administered by the Environmental Protection ) Tj ET Q q 0 0 0 rg BT 453.77 466.25 Td (Agency \(the EP) Tj ET Q q 0 0 0 rg BT 520.61 466.25 Td (A\), the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (Department of ) Tj ET Q q 0 0 0 rg BT 110.35 454.25 Td (T) Tj ET Q q 0 0 0 rg BT 116.11 454.25 Td (ransportation \(the DOT\) and similar government agencies. ) Tj ET Q q 0 0 0 rg BT 361.40 454.25 Td (These laws, regulations and rules govern: the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (dischar) Tj ET Q q 0 0 0 rg BT 78.70 442.25 Td (ge of materials into the environment, air and water; reporting storage of hazardous wastes and other hazardous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (materials; the transportation, handling and disposal of wastes and other materials; the labeling of pesticides and similar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (substances; and investigation and remediation of releases of hazardous materials. Failure to comply with these laws, regulations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (and rules could subject us to administrative penalties, injunctive relief, civil remedies and possible recalls of products. Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (hedging transactions and activities are subject to the rules and regulations of the exchanges we use, including the Chicago ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (Mercantile Exchange \(the CME\), as well as the U.S. Commodity Futures ) Tj ET Q q 0 0 0 rg BT 353.64 382.25 Td (T) Tj ET Q q 0 0 0 rg BT 359.39 382.25 Td (rading Commission \(the CFTC\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 358.25 Td (Competition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.94 358.25 Td () Tj ET Q q 0 0 0 rg BT 142.76 358.25 Td (The petroleum refining and wholesale fuels business is very competitive. ) Tj ET Q q 0 0 0 rg BT 436.85 358.25 Td (Among our competitors are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (some of the world) Tj ET Q q 0 0 0 rg BT 125.26 346.25 Td (s lar) Tj ET Q q 0 0 0 rg BT 142.02 346.25 Td (gest integrated petroleum companies, which have their own crude oil supplies, distribution and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (marketing systems. ) Tj ET Q q 0 0 0 rg BT 129.53 334.25 Td (W) Tj ET Q q 0 0 0 rg BT 138.17 334.25 Td (e also compete with smaller domestic refiners and marketers in the midwestern and northwestern United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (States, with foreign refiners who import products into the United States and with producers and marketers in other industries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (supplying other forms of ener) Tj ET Q q 0 0 0 rg BT 168.68 310.25 Td (gy and fuels to consumers. Given the commodity nature of the end products, profitability in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (industry depends lar) Tj ET Q q 0 0 0 rg BT 130.91 298.25 Td (gely on mar) Tj ET Q q 0 0 0 rg BT 178.50 298.25 Td (gins, as well as operating ef) Tj ET Q q 0 0 0 rg BT 289.39 298.25 Td (ficiency) Tj ET Q q 0 0 0 rg BT 320.95 298.25 Td (, product mix and costs of product distribution and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (transportation. ) Tj ET Q q 0 0 0 rg BT 110.36 286.25 Td (The retail gasoline market is highly competitive, with competitors that are much lar) Tj ET Q q 0 0 0 rg BT 444.25 286.25 Td (ger than us and that have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (greater brand recognition and distribution outlets throughout the country and the world than we do. Our owned and non-owned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (retail outlets are located primarily in the northwestern, midwestern and southern United States.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 238.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 238.25 Td (e market refined fuel products in five principal geographic areas. ) Tj ET Q q 0 0 0 rg BT 356.29 238.25 Td (The first area includes the Midwest and northern ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (plains. Competition at the wholesale level in this area includes major oil companies as well as independent refiners and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (wholesale brokers/suppliers. ) Tj ET Q q 0 0 0 rg BT 166.18 214.25 Td (This area has a robust spot market and is influenced by the lar) Tj ET Q q 0 0 0 rg BT 413.70 214.25 Td (ge refinery center along the gulf ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (coast.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 178.25 Td (T) Tj ET Q q 0 0 0 rg BT 91.41 178.25 Td (o the east of the Midwest and northern plains is another unique marketing area. ) Tj ET Q q 0 0 0 rg BT 410.30 178.25 Td (This area centers near Chicago, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (Illinois and includes eastern ) Tj ET Q q 0 0 0 rg BT 164.23 166.25 Td (W) Tj ET Q q 0 0 0 rg BT 173.27 166.25 Td (isconsin, Illinois and Indiana. In this area, we principally compete with the major oil companies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (as well as independent refineries and wholesale brokers/suppliers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 130.25 Td (Another market area is located south of Chicago, Illinois. Most of this area includes ) Tj ET Q q 0 0 0 rg BT 423.14 130.25 Td (Arkansas, Missouri and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (northern part of ) Tj ET Q q 0 0 0 rg BT 115.07 118.25 Td (T) Tj ET Q q 0 0 0 rg BT 120.48 118.25 Td (exas. Competition in this area includes the major oil companies and independent refiners. ) Tj ET Q q 0 0 0 rg BT 480.48 118.25 Td (This area is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (principally supplied from the Gulf Coast refinery center and is also driven by a strong spot market that reacts quickly to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (changes in the international and national supply balance.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 70.25 Td (Another geographic area includes Montana, western North Dakota, ) Tj ET Q q 0 0 0 rg BT 356.83 70.25 Td (W) Tj ET Q q 0 0 0 rg BT 365.67 70.25 Td (yoming, Utah, Idaho, Colorado and western ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.25 Td (South Dakota. Competition at the wholesale level in this area includes the major oil companies and independent refineries.) Tj ET Q endstream endobj 15 0 obj <>] /Rotate 0 /Contents 16 0 R>> endobj 16 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 742.10 Td (The last area includes much of ) Tj ET Q q 0 0 0 rg BT 210.77 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 219.41 742.10 Td (ashington and Oregon. ) Tj ET Q q 0 0 0 rg BT 312.54 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 321.18 742.10 Td (e compete with the major oil companies in this area. ) Tj ET Q q 0 0 0 rg BT 532.32 742.10 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (area is known for volatile prices and an active spot market.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 298.50 706.10 Td (AG) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (Overview) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 658.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 103.50 658.10 Td (Ag segment includes our grain marketing, country operations, crop nutrients, processing and food ingredients and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (renewable fuels businesses. ) Tj ET Q q 0 0 0 rg BT 162.56 646.10 Td (These businesses work together to facilitate the production, purchase, sale and eventual use of grain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (and other agricultural products within the United States, as well as internationally) Tj ET Q q 0 0 0 rg BT 375.93 634.10 Td (. In fiscal 2017, revenues in our ) Tj ET Q q 0 0 0 rg BT 504.51 634.10 Td (Ag segment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.93 622.10 Td ($25.6 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.04 622.10 Td ( after elimination of intersegment revenues, consisting principally of grain sales.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 574.10 Td (Grain Marketing. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.05 574.10 Td ( ) Tj ET Q q 0 0 0 rg BT 161.37 574.10 Td (W) Tj ET Q q 0 0 0 rg BT 170.00 574.10 Td (e are the nation) Tj ET Q q 0 0 0 rg BT 234.14 574.10 Td (s lar) Tj ET Q q 0 0 0 rg BT 250.90 574.10 Td (gest cooperative marketer of grain and oilseed based on grain storage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (capacity and grain sales. Our grain marketing operations purchase grain directly from agricultural producers and elevator ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (operators primarily in the midwestern and western United States and indirectly through our country operations business. ) Tj ET Q q 0 0 0 rg BT 533.32 550.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (purchased grain is typically contracted for sale for future delivery at a specified location, and we are responsible for handling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (the grain and arranging for its transportation to that location. ) Tj ET Q q 0 0 0 rg BT 294.47 526.10 Td (W) Tj ET Q q 0 0 0 rg BT 303.11 526.10 Td (e own and operate export terminals, river terminals and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (elevators throughout the United States to handle and transport grain and grain products. ) Tj ET Q q 0 0 0 rg BT 402.51 514.10 Td (W) Tj ET Q q 0 0 0 rg BT 411.15 514.10 Td (e also maintain locations in Europe, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (the Middle East, the Pacific Rim and South ) Tj ET Q q 0 0 0 rg BT 225.25 502.10 Td (America for the marketing, merchandising and sourcing of grains. ) Tj ET Q q 0 0 0 rg BT 491.93 502.10 Td (W) Tj ET Q q 0 0 0 rg BT 500.57 502.10 Td (e primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (conduct our grain marketing operations directly) Tj ET Q q 0 0 0 rg BT 240.12 490.10 Td (, but do conduct some of our operations through joint ventures, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (TEMCO, LLC \("TEMCO"\), a 50% joint venture with Car) Tj ET Q q 0 0 0 rg BT 281.84 478.10 Td (gill, Incorporated \("Car) Tj ET Q q 0 0 0 rg BT 375.42 478.10 Td (gill"\) focused on exports.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 454.10 Td (Country Operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.78 454.10 Td ( Our country operations business operates 482 agri-operations locations through 48 business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (units dispersed throughout the midwestern and western United States and Canada. Most of these locations purchase grain from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (farmers and sell agronomy) Tj ET Q q 0 0 0 rg BT 156.26 430.10 Td (, ener) Tj ET Q q 0 0 0 rg BT 178.29 430.10 Td (gy) Tj ET Q q 0 0 0 rg BT 187.64 430.10 Td (, feed and seed products to those same producers and others, although not all locations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (provide every product and service. ) Tj ET Q q 0 0 0 rg BT 190.87 418.10 Td (W) Tj ET Q q 0 0 0 rg BT 199.51 418.10 Td (e also manufacture animal feed through eight owned plants and four limited liability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (companies and process sunflowers for human food and other uses.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 382.10 Td (Cr) Tj ET Q q 0 0 0 rg BT 96.19 382.10 Td (op Nutrients.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.42 382.10 Td ( Our wholesale crop nutrients business delivers products directly to our customers and our country ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (operations business from the manufacturer or through our twenty-one inland and river warehouse terminals and other non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (owned storage facilities located throughout the United States. ) Tj ET Q q 0 0 0 rg BT 298.36 358.10 Td (T) Tj ET Q q 0 0 0 rg BT 303.77 358.10 Td (o supplement what is purchased domestically) Tj ET Q q 0 0 0 rg BT 484.47 358.10 Td (, our Galveston, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 346.10 Td (exas deep water port and terminal receives fertilizer by vessel from origins such as ) Tj ET Q q 0 0 0 rg BT 388.07 346.10 Td (Asia and the Caribbean basin where ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (significant volumes of urea are produced. ) Tj ET Q q 0 0 0 rg BT 218.37 334.10 Td (The fertilizer is then shipped by rail to destinations within crop producing regions of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (the United States.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 298.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 95.63 298.10 Td (ocessing and Food Ingr) Tj ET Q q 0 0 0 rg BT 190.53 298.10 Td (edients. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.35 298.10 Td (Our processing and food ingredients operations are conducted at facilities that can ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (crush approximately 127 million bushels of oilseeds on an annual basis, producing approximately 2.8 million short tons of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (meal/flour and 1.6 billion pounds of edible oil annually) Tj ET Q q 0 0 0 rg BT 270.70 274.10 Td (. ) Tj ET Q q 0 0 0 rg BT 275.52 274.10 Td (W) Tj ET Q q 0 0 0 rg BT 284.16 274.10 Td (e also have operations where we further process soyflour for use in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (the food/snack industry) Tj ET Q q 0 0 0 rg BT 143.22 262.10 Td (. ) Tj ET Q q 0 0 0 rg BT 148.04 262.10 Td (W) Tj ET Q q 0 0 0 rg BT 156.68 262.10 Td (e purchase our oilseeds from members, other CHS businesses and third parties that have tightly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (integrated connections with our grain marketing operations and country operations business.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 226.10 Td (Renewable fuels. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.76 226.10 Td (Our renewable fuels business produces 260 million gallons of fuel grade ethanol and 700 thousand ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (tons of dried distillers grains with solubles \(DDGS\) annually) Tj ET Q q 0 0 0 rg BT 301.53 214.10 Td (. ) Tj ET Q q 0 0 0 rg BT 306.35 214.10 Td (W) Tj ET Q q 0 0 0 rg BT 314.99 214.10 Td (e also market over 580 million gallons of ethanol and 4.5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (million tons of DDGS annually under marketing agreements for other production plants.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (Products and Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 154.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 103.50 154.10 Td (Ag segment provides local cooperatives and farmers with the inputs and services they need to produce grain and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (raise livestock. ) Tj ET Q q 0 0 0 rg BT 112.30 142.10 Td (These include seed, crop nutrients, crop protection products, animal feed, animal health products, refined fuels ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (and propane. ) Tj ET Q q 0 0 0 rg BT 103.96 130.10 Td (W) Tj ET Q q 0 0 0 rg BT 112.60 130.10 Td (e also buy and merchandise grain in both domestic and international markets. ) Tj ET Q q 0 0 0 rg BT 424.28 130.10 Td (W) Tj ET Q q 0 0 0 rg BT 433.32 130.10 Td (ith a portion of the grain we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (purchase we produce renewable fuels, including ethanol and DDGS. ) Tj ET Q q 0 0 0 rg BT 326.12 118.10 Td (W) Tj ET Q q 0 0 0 rg BT 334.76 118.10 Td (e also produce refined oils, meal and soyflour at our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (processing facilities.) Tj ET Q endstream endobj 17 0 obj <>] /Rotate 0 /Contents 18 0 R>> endobj 18 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (5) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Sales and Marketing; Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 718.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 103.50 718.25 Td (Ag segment provides products and services to a wide range of customers, primarily in the United States. ) Tj ET Q q 0 0 0 rg BT 522.94 718.25 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (customers include member and non-member producers, local cooperatives, elevators, grain dealers, grain processors and crop ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (nutrient retailers. ) Tj ET Q q 0 0 0 rg BT 120.63 694.25 Td (W) Tj ET Q q 0 0 0 rg BT 129.26 694.25 Td (e sell our edible oils and soyflour to food companies. ) Tj ET Q q 0 0 0 rg BT 343.76 694.25 Td (The meal we produce is sold to integrated livestock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (producers and feed mills. ) Tj ET Q q 0 0 0 rg BT 153.40 682.25 Td (The ethanol and DDGS we produce are sold throughout the United States and into various ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (international locations. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (Industry; Competition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 622.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 622.25 Td (Many of the business activities in our ) Tj ET Q q 0 0 0 rg BT 237.92 622.25 Td (Ag segment are highly seasonal and, consequently) Tj ET Q q 0 0 0 rg BT 439.16 622.25 Td (, the operating results for our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (Ag segment will typically vary throughout the year) Tj ET Q q 0 0 0 rg BT 254.12 610.25 Td (. For example, our country operations and crop nutrients businesses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (generally experience higher volumes and income during the spring planting season and in the fall, which corresponds to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (harvest. In addition, our ) Tj ET Q q 0 0 0 rg BT 147.76 586.25 Td (Ag segment operations may be adversely af) Tj ET Q q 0 0 0 rg BT 322.52 586.25 Td (fected by relative levels of supply and demand, both ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (domestic and international, commodity price levels and transportation costs and conditions. Supply is af) Tj ET Q q 0 0 0 rg BT 466.12 574.25 Td (fected by weather ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (conditions, disease, insect damage, acreage planted and government regulations and policies. Demand may be af) Tj ET Q q 0 0 0 rg BT 500.21 562.25 Td (fected by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (foreign governments and their programs, relationships of foreign countries with the United States, the af) Tj ET Q q 0 0 0 rg BT 466.93 550.25 Td (fluence of foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (countries, acts of war) Tj ET Q q 0 0 0 rg BT 135.12 538.25 Td (, currency exchange fluctuations and substitution of commodities. Demand may also be af) Tj ET Q q 0 0 0 rg BT 495.40 538.25 Td (fected by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (changes in eating habits, population growth, the level of per capita consumption of some products and the level of renewable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (fuels production. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 490.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 490.25 Td (Regulation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.38 490.25 Td ( Our ) Tj ET Q q 0 0 0 rg BT 154.88 490.25 Td (Ag operations are subject to laws and related regulations and rules designed to protect the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (environment that are administered by the EP) Tj ET Q q 0 0 0 rg BT 227.36 478.25 Td (A, the DOT) Tj ET Q q 0 0 0 rg BT 274.67 478.25 Td ( and similar government agencies. ) Tj ET Q q 0 0 0 rg BT 413.89 478.25 Td (These laws, regulations and rules ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (govern: the dischar) Tj ET Q q 0 0 0 rg BT 126.46 466.25 Td (ge of materials into the environment, air and water; reporting storage of hazardous wastes and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (hazardous materials; the transportation, handling and disposal of wastes and other materials; the labeling of pesticides and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (similar substances; and the investigation and remediation of releases of hazardous materials. In addition, environmental laws ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (impose a liability on owners and operators for investigation and remediation of contaminated property) Tj ET Q q 0 0 0 rg BT 458.40 430.25 Td (, and a party who sends ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (hazardous materials to those contaminated properties for treatment, storage, disposal or recycling. In some instances, that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (liability exists regardless of fault. Our grain marketing operations, country operations business, processing and food ingredient ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (operations and renewable fuel operations are also subject to laws and related regulations and rules administered by the United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (States Department of ) Tj ET Q q 0 0 0 rg BT 136.37 382.25 Td (Agriculture \(the USDA\), the United States Food and Drug ) Tj ET Q q 0 0 0 rg BT 380.76 382.25 Td (Administration \(the FDA\) and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (federal, state, local and foreign governmental agencies that govern the processing, packaging, storage, distribution, advertising, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (labeling, quality and safety of feed and grain products. Failure to comply with these laws, regulations and rules could subject us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (to administrative penalties, injunctive relief, civil remedies and possible recalls of products. ) Tj ET Q q 0 0 0 rg BT 418.88 346.25 Td (The hedging transactions and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (activities of our grain marketing, country operations, processing and food ingredient and renewable fuels businesses are subject ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (to the rules and regulations of the exchanges we use, including the CME, as well as the CFTC.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 292.85 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 292.85 Td (Competition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.94 292.85 Td ( In our ) Tj ET Q q 0 0 0 rg BT 169.05 292.85 Td (Ag segment, we have significant competition in the businesses in which we operate based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.85 Td (principally on price, services, quality) Tj ET Q q 0 0 0 rg BT 197.64 280.85 Td (, patronage and alternative products. Our businesses are dependent upon relationships with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.85 Td (local cooperatives and private retailers, proximity to the customers and producers and competitive pricing. ) Tj ET Q q 0 0 0 rg BT 478.01 268.85 Td (W) Tj ET Q q 0 0 0 rg BT 486.65 268.85 Td (e compete with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.85 Td (other lar) Tj ET Q q 0 0 0 rg BT 83.41 256.85 Td (ge distributors of agricultural products, as well as other regional or local distributors, local cooperatives, retailers and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.85 Td (manufacturers. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 306.00 232.85 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 243.35 220.85 Td (NITROGEN PRODUCTION) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 191.45 Td (Overview) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 179.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 167.45 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 167.45 Td (Our Nitrogen Production segment consists solely of our 1) Tj ET Q q 0 0 0 rg BT 316.16 167.45 Td (1.4% membership interest \(based on product tons\) in CF ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 155.45 Td (Nitrogen, our strategic venture with CF Industries Holdings, Inc. \("CF Industries"\). In February 2016, in connection with our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 143.45 Td (investment in CF Nitrogen, we entered into an 80-year supply agreement with CF Nitrogen that entitles us to purchase up to 1.1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 131.45 Td (million tons of granular urea and 580,000 tons of urea ammonium nitrate \(UAN\) annually for ratable delivery) Tj ET Q q 0 0 0 rg BT 497.27 131.45 Td (. ) Tj ET Q q 0 0 0 rg BT 502.08 131.45 Td (W) Tj ET Q q 0 0 0 rg BT 510.72 131.45 Td (e account ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 119.45 Td (for our CF Nitrogen investment using the hypothetical liquidation at book value method, and on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.05 119.45 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.44 119.45 Td (, our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 107.45 Td (investment was approximately $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.69 107.45 Td (2.8 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.81 107.45 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 83.45 Td (Our investment in CF Nitrogen positions us and our members for long-term dependable fertilizer supply) Tj ET Q q 0 0 0 rg BT 502.49 83.45 Td (, supply chain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 71.45 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 71.45 Td (ficiency and production economics. In addition, the ability to source product from CF Nitrogen production facilities under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 59.45 Td (our supply agreement benefits our members and customers through strategically positioned access to essential fertilizer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 47.45 Td (products.) Tj ET Q endstream endobj 19 0 obj <>] /Rotate 0 /Contents 20 0 R>> endobj 20 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (6) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 718.25 Td (CF Nitrogen has four production facilities located in: Donaldsonville, Louisiana; Port Neal, Iowa; ) Tj ET Q q 0 0 0 rg BT 479.71 718.25 Td (Y) Tj ET Q q 0 0 0 rg BT 485.93 718.25 Td (azoo City) Tj ET Q q 0 0 0 rg BT 523.89 718.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (Mississippi; and ) Tj ET Q q 0 0 0 rg BT 117.61 706.25 Td (W) Tj ET Q q 0 0 0 rg BT 126.25 706.25 Td (oodward, Oklahoma. Natural gas is the principal raw material and primary fuel source used in the ammonia ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (production process. CF Nitrogen has access to competitively-priced natural gas through a reliable network of pipelines that are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (connected to major natural gas trading hubs near its production facilities.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 664.85 Td (Products and Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 640.85 Td (CF Nitrogen produces nitrogen-based products including, methanol, UAN and urea and related products.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 616.85 Td (Sales and Marketing; Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.85 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 592.85 Td (CF Nitrogen has three customers including us and two consolidated subsidiaries of CF Industries.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 568.85 Td (Industry; Competition) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 544.85 Td (Regulation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.88 544.85 Td (. CF Nitrogen is subject to laws and related regulations and rules designed to protect the environment that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.85 Td (are administered by the EP) Tj ET Q q 0 0 0 rg BT 156.83 532.85 Td (A) Tj ET Q q 0 0 0 rg BT 163.50 532.85 Td ( and similar government agencies. ) Tj ET Q q 0 0 0 rg BT 302.71 532.85 Td (These laws, regulations and rules govern: the dischar) Tj ET Q q 0 0 0 rg BT 514.69 532.85 Td (ge of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.85 Td (materials into the environment, air and water; reporting storage of hazardous wastes and other hazardous materials; the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.85 Td (handling and disposal of wastes and other materials; and the investigation and remediation of releases of hazardous materials. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.85 Td (In addition, environmental laws impose a liability on owners and operators for investigation and remediation of contaminated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.85 Td (property) Tj ET Q q 0 0 0 rg BT 83.23 484.85 Td (, and a party who sends hazardous materials to those contaminated properties for treatment, storage, disposal or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.85 Td (recycling. In some instances, that liability exists regardless of fault.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.85 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 448.85 Td (Competition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.44 448.85 Td (. CF Nitrogen competes primarily on delivered price and, to a lesser extent, on customer service and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.85 Td (product quality) Tj ET Q q 0 0 0 rg BT 110.17 436.85 Td (. CF Nitrogen competes domestically with a variety of lar) Tj ET Q q 0 0 0 rg BT 340.49 436.85 Td (ge companies in the fertilizer industry) Tj ET Q q 0 0 0 rg BT 491.73 436.85 Td (. ) Tj ET Q q 0 0 0 rg BT 496.55 436.85 Td (There is also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.85 Td (significant competition from products sourced from other regions of the world.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.75 388.85 Td (FOODS) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 364.85 Td (Overview) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 340.85 Td (Our Foods segment consists solely of our equity method investment in ) Tj ET Q q 0 0 0 rg BT 370.52 340.85 Td (V) Tj ET Q q 0 0 0 rg BT 376.63 340.85 Td (entura Foods, which produces vegetable oil-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.85 Td (based products such as packaged frying oils, mar) Tj ET Q q 0 0 0 rg BT 245.87 328.85 Td (garine, mayonnaise, salad dressings and other food products. ) Tj ET Q q 0 0 0 rg BT 491.46 328.85 Td (V) Tj ET Q q 0 0 0 rg BT 497.58 328.85 Td (entura Foods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.85 Td (was formed in 1996, and is owned 50% by us and 50% by ) Tj ET Q q 0 0 0 rg BT 284.79 316.85 Td (W) Tj ET Q q 0 0 0 rg BT 293.82 316.85 Td (ilsey Foods, Inc., a majority-owned subsidiary of MBK USA) Tj ET Q q 0 0 0 rg BT 537.42 316.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.85 Td (Holdings, Inc. ) Tj ET Q q 0 0 0 rg BT 109.26 304.85 Td (W) Tj ET Q q 0 0 0 rg BT 117.90 304.85 Td (e account for our ) Tj ET Q q 0 0 0 rg BT 188.24 304.85 Td (V) Tj ET Q q 0 0 0 rg BT 194.35 304.85 Td (entura Foods investment under the equity method of accounting, and on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.74 304.85 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.13 304.85 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.85 Td (our investment was $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.26 292.85 Td (347.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.16 292.85 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 268.85 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 244.85 Td (V) Tj ET Q q 0 0 0 rg BT 92.11 244.85 Td (entura Foods currently has 16 manufacturing and distribution locations across the United States and Canada. ) Tj ET Q q 0 0 0 rg BT 528.50 244.85 Td (V) Tj ET Q q 0 0 0 rg BT 534.61 244.85 Td (entura ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.85 Td (Foods sources its raw materials, which consist primarily of soybean oil, canola oil, palm/coconut oil, peanut oil and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.85 Td (ingredients and supplies, from various national and overseas suppliers, including our oilseed processing operations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 196.85 Td (Products and Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.85 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 172.85 Td (V) Tj ET Q q 0 0 0 rg BT 92.11 172.85 Td (entura Foods manufactures, packages and distributes frying oils, mar) Tj ET Q q 0 0 0 rg BT 367.42 172.85 Td (garine, mayonnaise, salad dressings, sauces and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.85 Td (other food products, many of which utilize soybean oil as a primary ingredient. ) Tj ET Q q 0 0 0 rg BT 368.53 160.85 Td (Approximately 35% of ) Tj ET Q q 0 0 0 rg BT 463.05 160.85 Td (V) Tj ET Q q 0 0 0 rg BT 469.17 160.85 Td (entura Foods) Tj ET Q q 0 0 0 rg BT 523.69 160.85 Td ( sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.85 Td (comes from products for which ) Tj ET Q q 0 0 0 rg BT 177.84 148.85 Td (V) Tj ET Q q 0 0 0 rg BT 183.96 148.85 Td (entura Foods owns the brand, and the remainder comes from non-branded items and products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.85 Td (it produces for third parties. ) Tj ET Q q 0 0 0 rg BT 163.31 136.85 Td (A) Tj ET Q q 0 0 0 rg BT 169.98 136.85 Td ( variety of ) Tj ET Q q 0 0 0 rg BT 213.39 136.85 Td (V) Tj ET Q q 0 0 0 rg BT 219.50 136.85 Td (entura Foods) Tj ET Q q 0 0 0 rg BT 274.03 136.85 Td ( product formulations and processes are proprietary to ) Tj ET Q q 0 0 0 rg BT 492.67 136.85 Td (V) Tj ET Q q 0 0 0 rg BT 498.78 136.85 Td (entura Foods or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.85 Td (its customers.) Tj ET Q endstream endobj 21 0 obj <>] /Rotate 0 /Contents 22 0 R>> endobj 22 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (7) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Sales and Marketing; Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 718.25 Td (V) Tj ET Q q 0 0 0 rg BT 92.11 718.25 Td (entura Foods sells the products it manufactures to foodservice distribution companies, lar) Tj ET Q q 0 0 0 rg BT 449.07 718.25 Td (ge national foodservice ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (operators and food manufacturers. ) Tj ET Q q 0 0 0 rg BT 189.49 706.25 Td (V) Tj ET Q q 0 0 0 rg BT 195.60 706.25 Td (entura Foods also manufactures a number of products for third parties as a contract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (manufacturer) Tj ET Q q 0 0 0 rg BT 102.75 694.25 Td (. ) Tj ET Q q 0 0 0 rg BT 107.57 694.25 Td (V) Tj ET Q q 0 0 0 rg BT 113.68 694.25 Td (entura Foods sales are approximately 60% in foodservice and the remainder is split between retail and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (industrial customers who use edible oils as ingredients in products they manufacture for resale.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (Industry; Competition) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 634.25 Td (Regulation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.88 634.25 Td (. ) Tj ET Q q 0 0 0 rg BT 134.70 634.25 Td (V) Tj ET Q q 0 0 0 rg BT 140.81 634.25 Td (entura Foods is subject to laws and related regulations and rules designed to protect the environment that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (are administered by the EP) Tj ET Q q 0 0 0 rg BT 156.83 622.25 Td (A, the DOT) Tj ET Q q 0 0 0 rg BT 204.14 622.25 Td ( and similar government agencies. ) Tj ET Q q 0 0 0 rg BT 343.35 622.25 Td (These laws, regulations and rules govern: the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (dischar) Tj ET Q q 0 0 0 rg BT 78.70 610.25 Td (ge of materials into the environment, air and water; reporting storage of hazardous wastes and other hazardous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (materials; the transportation, handling and disposal of wastes and other materials; and the investigation and remediation of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (releases of hazardous materials. In addition, environmental laws impose a liability on owners and operators for investigation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (and remediation of contaminated property) Tj ET Q q 0 0 0 rg BT 217.62 574.25 Td (, and a party who sends hazardous materials to those contaminated properties for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (treatment, storage, disposal or recycling. In some instances, that liability exists regardless of fault. ) Tj ET Q q 0 0 0 rg BT 444.43 562.25 Td (V) Tj ET Q q 0 0 0 rg BT 450.55 562.25 Td (entura Foods is also subject ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (to laws and related regulations and rules administered by the USDA, the FDA) Tj ET Q q 0 0 0 rg BT 361.32 550.25 Td ( and other federal, state, local and foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (governmental agencies that govern the processing, packaging, storage, distribution, advertising, labeling, quality and safety of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (food products. Failure to comply with these laws, regulations and rules could subject ) Tj ET Q q 0 0 0 rg BT 391.69 526.25 Td (V) Tj ET Q q 0 0 0 rg BT 397.81 526.25 Td (entura Foods to administrative penalties, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (injunctive relief, civil remedies and possible recalls of products.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 490.25 Td (Competition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.44 490.25 Td (. ) Tj ET Q q 0 0 0 rg BT 140.26 490.25 Td (V) Tj ET Q q 0 0 0 rg BT 146.38 490.25 Td (entura Foods competes with a variety of companies in the food manufacturing industry) Tj ET Q q 0 0 0 rg BT 493.42 490.25 Td (. Competitors in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (the frying oils segment of the business include multi-national oilseed processing companies as well as smaller oil packaging ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (firms. ) Tj ET Q q 0 0 0 rg BT 75.93 466.25 Td (V) Tj ET Q q 0 0 0 rg BT 82.04 466.25 Td (entura Foods also competes with lar) Tj ET Q q 0 0 0 rg BT 226.00 466.25 Td (ge consumer packaged goods companies and smaller regional manufacturers that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (produce dressings, sauces, mar) Tj ET Q q 0 0 0 rg BT 173.39 454.25 Td (garine and mayonnaise for the foodservice, retail and industrial sectors. Competitive dynamics ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (vary by product category) Tj ET Q q 0 0 0 rg BT 149.59 442.25 Td (. In commodity categories such as frying oils, price and service are significant factors in customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (decisions. For value added products, such as dressings and sauces, service and culinary capabilities play a lar) Tj ET Q q 0 0 0 rg BT 486.07 430.25 Td (ger role in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (securing new business and maintaining customer relationships.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 243.30 394.25 Td (CORPORA) Tj ET Q q 0 0 0 rg BT 293.11 394.25 Td (TE ) Tj ET Q q 0 0 0 rg BT 308.40 394.25 Td (AND OTHER) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (Business Solutions) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 346.25 Td (CHS Capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.40 346.25 Td (.Our wholly-owned finance company subsidiary) Tj ET Q q 0 0 0 rg BT 334.75 346.25 Td (, CHS Capital, LLC \(CHS Capital\), provides ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (cooperative associations with a variety of loans that meet commercial agriculture needs, including operating, term, revolving ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (and other short and long-term options. It also provides loans to individual producers, including crop inputs, feed, term and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (mar) Tj ET Q q 0 0 0 rg BT 65.37 310.25 Td (gin calls. In addition, CHS Capital provides open account financing to our cooperative association members, through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (arrangements that involve the discretionary extension of credit in the form of a clearing account for settlement of grain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (purchases and as a cash management tool. During the third quarter of fiscal 2017 it was determined CHS Capital would no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (longer make new term loans to producers. Subsequently) Tj ET Q q 0 0 0 rg BT 273.74 274.25 Td (, we also determined that beginning in fiscal 2018, CHS Capital would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (no longer make new operating loans to producers, but would continue to make loans to producers to finance crop inputs only) Tj ET Q q 0 0 0 rg BT 548.95 262.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 238.25 Td (CHS Hedging) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.83 238.25 Td (.Our wholly-owned commodity brokerage subsidiary) Tj ET Q q 0 0 0 rg BT 358.64 238.25 Td (, CHS Hedging, LLC \(CHS Hedging\), is a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (registered Futures Commission Merchant and a clearing member of both the Chicago Board of ) Tj ET Q q 0 0 0 rg BT 431.39 226.25 Td (T) Tj ET Q q 0 0 0 rg BT 437.14 226.25 Td (rade and the Minneapolis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (Grain Exchange. CHS Hedging provides full-service commodity risk management services primarily to agricultural producers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (and commercial agribusinesses in the areas of agriculture and ener) Tj ET Q q 0 0 0 rg BT 315.54 202.25 Td (gy) Tj ET Q q 0 0 0 rg BT 324.89 202.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 178.25 Td (CHS Insurance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.38 178.25 Td (.Our wholly-owned subsidiary) Tj ET Q q 0 0 0 rg BT 273.66 178.25 Td (, CHS Insurance Services, LLC \(CHS Insurance\), is a full-service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (independent agency that of) Tj ET Q q 0 0 0 rg BT 157.83 166.25 Td (fers property and casualty insurance, surety bonds, safety resources, employment services and group ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (benefits. ) Tj ET Q q 0 0 0 rg BT 86.47 154.25 Td (The customer base consists primarily of participants in the agribusiness, construction, ener) Tj ET Q q 0 0 0 rg BT 448.70 154.25 Td (gy and processing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (industries. Impact Risk Funding, Inc. PCC, a wholly-owned subsidiary of CHS Insurance, is a protected cell captive insurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (entity used to provide alternative risk financing options for customers.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (Wheat Milling) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 82.25 Td (In January 2002, we formed a joint venture with Car) Tj ET Q q 0 0 0 rg BT 295.76 82.25 Td (gill named Horizon Milling, LLC \(Horizon Milling\), in which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.25 Td (we held an ownership interest of 24%, with Car) Tj ET Q q 0 0 0 rg BT 240.61 70.25 Td (gill owning the remaining 76%. Horizon Milling was the lar) Tj ET Q q 0 0 0 rg BT 480.94 70.25 Td (gest U.S.wheat ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.25 Td (miller based on output volume, and we owned five mills that we leased to Horizon Milling. During fiscal 2007, we expanded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.25 Td (this operation with the formation of Horizon Milling G.P) Tj ET Q q 0 0 0 rg BT 276.92 46.25 Td (. \(24% CHS ownership with Car) Tj ET Q q 0 0 0 rg BT 406.73 46.25 Td (gill owning the remaining 76%\), a ) Tj ET Q endstream endobj 23 0 obj <>] /Rotate 0 /Contents 24 0 R>> endobj 24 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (joint venture that acquired a Canadian grain-based foodservice and industrial business, which included two flour milling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (operations and two dry baking mixing facilities in Canada. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 706.10 Td (In fiscal 2014, we formed ) Tj ET Q q 0 0 0 rg BT 190.97 706.10 Td (Ardent Mills, LLC \(Ardent Mills\), the lar) Tj ET Q q 0 0 0 rg BT 365.75 706.10 Td (gest flour miller in the United States, as a joint ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (venture with Car) Tj ET Q q 0 0 0 rg BT 117.02 694.10 Td (gill and ConAgra Foods, Inc., which combined the North ) Tj ET Q q 0 0 0 rg BT 347.54 694.10 Td (American flour milling operations of the three parent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (companies, including assets from our existing joint venture milling operations Horizon Milling and Horizon Milling, ULC and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (CHS-owned mills, with CHS holding a 12% interest in ) Tj ET Q q 0 0 0 rg BT 271.67 670.10 Td (Ardent Mills. In connection with the formation of ) Tj ET Q q 0 0 0 rg BT 472.46 670.10 Td (Ardent Mills, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (joint-venture parties also entered into various ancillary and non-compete agreements including, among other things, an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (agreement for us to supply ) Tj ET Q q 0 0 0 rg BT 158.59 646.10 Td (Ardent Mills with certain wheat and durum products. ) Tj ET Q q 0 0 0 rg BT 373.64 646.10 Td (W) Tj ET Q q 0 0 0 rg BT 382.28 646.10 Td (e account for our investment in ) Tj ET Q q 0 0 0 rg BT 508.91 646.10 Td (Ardent Mills ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (as an equity method investment due to our ability to exercise significant influence through our ability to appoint a member of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (the Board of Shareholders and Board of Managers. On ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.50 622.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.89 622.10 Td (, our investment in ) Tj ET Q q 0 0 0 rg BT 413.83 622.10 Td (Ardent Mills was $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.77 622.10 Td (206.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.66 622.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 274.60 598.10 Td (EMPLOYEES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 574.10 Td (On ) Tj ET Q q 0 0 0 rg BT 100.17 574.10 Td (August31, 2017, we had 1) Tj ET Q q 0 0 0 rg BT 207.29 574.10 Td (1,626 full, part-time, temporary and seasonal employees. Of that total, 2,891 were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (employed in our Ener) Tj ET Q q 0 0 0 rg BT 136.74 562.10 Td (gy segment, 8,013 were employed in our ) Tj ET Q q 0 0 0 rg BT 301.98 562.10 Td (Ag segment and 722 were employed in Corporate and Other) Tj ET Q q 0 0 0 rg BT 542.75 562.10 Td (. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (addition to those individuals directly employed by us, many individuals work for joint ventures in which we have a 50% or less ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (ownership interest, including employees of CF Nitrogen and ) Tj ET Q q 0 0 0 rg BT 294.50 538.10 Td (V) Tj ET Q q 0 0 0 rg BT 300.61 538.10 Td (entura Foods in our Nitrogen Production and Foods segments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 526.10 Td (, and are not included in these totals. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (Labor) Tj ET Q q 0 0 0 rg BT 76.49 502.10 Td ( Relations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 482.10 Td (As of ) Tj ET Q q 0 0 0 rg BT 109.89 482.10 Td (August 31, 2017, we had 12 collective bar) Tj ET Q q 0 0 0 rg BT 278.84 482.10 Td (gaining agreements with unions covering approximately 8.5% of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 470.10 Td (employees in the United States and Canada. ) Tj ET Q q 0 0 0 rg BT 228.11 470.10 Td (These collective bar) Tj ET Q q 0 0 0 rg BT 308.44 470.10 Td (gaining agreements expire on various dates from December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 458.10 Td (2017, to June 30, 2021, except that one collective bar) Tj ET Q q 0 0 0 rg BT 263.09 458.10 Td (gaining agreement covering 20 pipeline employees renews automatically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 446.10 Td (every September 1, unless 60 days) Tj ET Q q 0 0 0 rg BT 190.89 446.10 Td ( notice of termination is given.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.45 414.10 Td (CHS ) Tj ET Q q 0 0 0 rg BT 259.96 414.10 Td (AUTHORIZED CAPIT) Tj ET Q q 0 0 0 rg BT 361.18 414.10 Td (AL) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 390.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 390.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 390.10 Td (e are an agricultural membership cooperative or) Tj ET Q q 0 0 0 rg BT 286.03 390.10 Td (ganized under Minnesota cooperative law to do business with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 378.10 Td (member and non-member patrons.) Tj ET Q endstream endobj 25 0 obj <>] /Rotate 0 /Contents 26 0 R>> endobj 26 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (ITEM 1A.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.89 742.25 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 122.00 742.25 Td (RISK F) Tj ET Q q 0 0 0 rg BT 153.04 742.25 Td (ACT) Tj ET Q q 0 0 0 rg BT 172.31 742.25 Td (ORS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 111.60 718.25 Td (CAUTIONAR) Tj ET Q q 0 0 0 rg BT 172.92 718.25 Td (Y) Tj ET Q q 0 0 0 rg BT 179.77 718.25 Td ( ST) Tj ET Q q 0 0 0 rg BT 193.76 718.25 Td (A) Tj ET Q q 0 0 0 rg BT 200.24 718.25 Td (TEMENT) Tj ET Q q 0 0 0 rg BT 243.40 718.25 Td ( FOR PURPOSES OF) Tj ET Q q 0 0 0 rg BT 337.75 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 340.07 718.25 Td (THE SAFE HARBOR PROVISIONS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 147.35 706.25 Td (OF) Tj ET Q q 0 0 0 rg BT 160.87 706.25 Td ( ) Tj ET Q q 0 0 0 rg BT 163.18 706.25 Td (THE PRIV) Tj ET Q q 0 0 0 rg BT 209.96 706.25 Td (A) Tj ET Q q 0 0 0 rg BT 216.44 706.25 Td (TE SECURITIES LITIGA) Tj ET Q q 0 0 0 rg BT 330.74 706.25 Td (TION REFORM ) Tj ET Q q 0 0 0 rg BT 405.19 706.25 Td (ACT) Tj 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Tf ET q 0 0 0 rg BT 50.00 670.25 Td (dir) Tj ET Q q 0 0 0 rg BT 61.30 670.25 Td (ectors ) Tj ET Q q 0 0 0 rg BT 88.83 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 106.92 670.25 Td (other ) Tj ET Q q 0 0 0 rg BT 131.12 670.25 Td (r) Tj ET Q q 0 0 0 rg BT 134.64 670.25 Td (epr) Tj ET Q q 0 0 0 rg BT 147.59 670.25 Td (esentatives ) Tj ET Q q 0 0 0 rg BT 194.56 670.25 Td (may ) Tj ET Q q 0 0 0 rg BT 214.31 670.25 Td (fr) Tj ET Q q 0 0 0 rg BT 220.61 670.25 Td (om ) Tj ET Q q 0 0 0 rg BT 235.92 670.25 Td (time ) Tj ET Q q 0 0 0 rg BT 256.22 670.25 Td (to ) Tj ET Q q 0 0 0 rg BT 267.09 670.25 Td (time ) Tj ET Q q 0 0 0 rg BT 287.40 670.25 Td (make, ) Tj ET Q q 0 0 0 rg BT 314.09 670.25 Td (forwar) Tj ET Q q 0 0 0 rg BT 346.51 670.25 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 387.92 670.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 438.79 670.25 Td (within ) Tj ET Q q 0 0 0 rg BT 466.89 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 482.19 670.25 Td (meaning ) Tj ET Q q 0 0 0 rg BT 519.72 670.25 Td (of ) Tj ET Q q 0 0 0 rg BT 530.59 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 545.90 670.25 Td (safe ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (harbor ) Tj ET Q q 0 0 0 rg BT 80.30 658.25 Td (pr) Tj ET Q q 0 0 0 rg BT 88.82 658.25 Td (ovisions ) Tj ET Q q 0 0 0 rg BT 124.11 658.25 Td (of ) Tj ET Q q 0 0 0 rg BT 134.40 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 149.13 658.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 168.86 658.25 Td (Private ) Tj ET Q q 0 0 0 rg BT 200.81 658.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 242.75 658.25 Td (Litigation ) Tj ET Q q 0 0 0 rg BT 284.72 658.25 Td (Reform ) Tj ET Q q 0 0 0 rg BT 316.49 658.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 332.32 658.25 Td (of ) Tj ET Q q 0 0 0 rg BT 342.61 658.25 Td (1995. ) Tj ET Q q 0 0 0 rg BT 367.63 658.25 Td (Forwar) Tj ET Q q 0 0 0 rg BT 397.82 658.25 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 438.65 658.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 483.38 658.25 Td (can ) Tj ET Q q 0 0 0 rg BT 500.33 658.25 Td (be ) Tj ET Q q 0 0 0 rg BT 512.28 658.25 Td (identified ) Tj ET Q q 0 0 0 rg BT 552.56 658.25 Td (by ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (wor) Tj ET Q q 0 0 0 rg BT 65.19 646.25 Td (ds ) Tj ET Q q 0 0 0 rg BT 75.83 646.25 Td (such ) Tj ET Q q 0 0 0 rg BT 95.92 646.25 Td (as ) Tj ET Q q 0 0 0 rg BT 106.56 646.25 Td (anticipate, ) Tj ET Q q 0 0 0 rg BT 161.93 646.25 Td (intend, ) Tj ET Q q 0 0 0 rg BT 202.30 646.25 Td (plan, ) Tj ET Q q 0 0 0 rg BT 235.45 646.25 Td (goal, ) Tj ET Q q 0 0 0 rg BT 268.61 646.25 Td (seek, ) Tj ET Q q 0 0 0 rg BT 301.19 646.25 Td (believe, ) Tj ET Q q 0 0 0 rg BT 344.88 646.25 Td (pr) Tj ET Q q 0 0 0 rg BT 358.96 646.25 Td (oject, ) Tj ET Q q 0 0 0 rg BT 388.21 646.25 Td (estimate, ) Tj ET Q q 0 0 0 rg BT 436.91 646.25 Td (expect, ) Tj ET Q q 0 0 0 rg BT 477.82 646.25 Td (strategy) Tj ET Q q 0 0 0 rg BT 515.04 646.25 Td (, ) Tj ET Q q 0 0 0 rg BT 524.86 646.25 Td (futur) Tj ET Q q 0 0 0 rg BT 549.50 646.25 Td (e, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (likely) Tj ET Q q 0 0 0 rg BT 76.66 634.25 Td (, ) Tj ET Q q 0 0 0 rg BT 87.77 634.25 Td (may) Tj ET Q q 0 0 0 rg BT 109.44 634.25 Td (, ) Tj ET Q q 0 0 0 rg BT 120.56 634.25 Td (should, ) Tj ET Q q 0 0 0 rg BT 163.91 634.25 Td (will ) Tj ET Q q 0 0 0 rg BT 193.09 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 211.14 634.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 242.53 634.25 Td (r) Tj ET Q q 0 0 0 rg BT 246.05 634.25 Td (efer) Tj ET Q q 0 0 0 rg BT 261.23 634.25 Td (ences ) Tj ET Q q 0 0 0 rg BT 286.49 634.25 Td (to ) Tj ET Q q 0 0 0 rg BT 297.32 634.25 Td (futur) Tj ET Q q 0 0 0 rg BT 316.40 634.25 Td (e ) Tj ET Q q 0 0 0 rg BT 323.89 634.25 Td (periods. ) Tj ET Q q 0 0 0 rg BT 359.44 634.25 Td (Forwar) Tj ET Q q 0 0 0 rg BT 389.63 634.25 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 431.01 634.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 476.28 634.25 Td (ar) Tj ET Q q 0 0 0 rg BT 484.80 634.25 Td (e ) Tj ET Q q 0 0 0 rg BT 492.29 634.25 Td (neither ) Tj ET Q q 0 0 0 rg BT 523.67 634.25 Td (historical ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (facts ) Tj ET Q q 0 0 0 rg BT 71.93 622.25 Td (nor ) Tj ET Q q 0 0 0 rg BT 88.87 622.25 Td (assurances ) Tj ET Q q 0 0 0 rg BT 136.36 622.25 Td (of ) Tj ET Q q 0 0 0 rg BT 147.19 622.25 Td (futur) Tj ET Q q 0 0 0 rg BT 166.26 622.25 Td (e ) Tj ET Q q 0 0 0 rg BT 173.75 622.25 Td (performance. ) Tj ET Q q 0 0 0 rg BT 230.40 622.25 Td (Instead, ) Tj ET Q q 0 0 0 rg BT 265.38 622.25 Td (they ) Tj ET Q q 0 0 0 rg BT 285.08 622.25 Td (ar) Tj ET Q q 0 0 0 rg BT 293.60 622.25 Td (e ) Tj ET Q q 0 0 0 rg BT 301.09 622.25 Td (based ) Tj ET Q q 0 0 0 rg BT 327.47 622.25 Td (only ) Tj ET Q q 0 0 0 rg BT 347.73 622.25 Td (on ) Tj ET Q q 0 0 0 rg BT 360.78 622.25 Td (our ) Tj ET Q q 0 0 0 rg BT 377.71 622.25 Td (curr) Tj ET Q q 0 0 0 rg BT 394.57 622.25 Td (ent ) Tj ET Q q 0 0 0 rg BT 409.83 622.25 Td (beliefs, ) Tj ET Q q 0 0 0 rg BT 441.48 622.25 Td (expectations ) Tj ET Q q 0 0 0 rg BT 494.51 622.25 Td (and ) Tj ET Q q 0 0 0 rg BT 512.55 622.25 Td (assumptions ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (r) Tj ET Q q 0 0 0 rg BT 53.52 610.25 Td (egar) Tj ET Q q 0 0 0 rg BT 71.48 610.25 Td (ding ) Tj ET Q q 0 0 0 rg BT 92.65 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 108.25 610.25 Td (futur) Tj ET Q q 0 0 0 rg BT 127.33 610.25 Td (e ) Tj ET Q q 0 0 0 rg BT 135.16 610.25 Td (of ) Tj ET Q q 0 0 0 rg BT 146.33 610.25 Td (our ) Tj ET Q q 0 0 0 rg BT 163.61 610.25 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 211.72 610.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 250.66 610.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 291.83 610.25 Td (and ) Tj ET Q q 0 0 0 rg BT 310.22 610.25 Td (r) Tj ET Q q 0 0 0 rg BT 313.74 610.25 Td (esults ) Tj ET Q q 0 0 0 rg BT 339.91 610.25 Td (of ) Tj ET Q q 0 0 0 rg BT 351.08 610.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 399.74 610.25 Td (futur) Tj ET Q q 0 0 0 rg BT 418.82 610.25 Td (e ) Tj ET Q q 0 0 0 rg BT 426.65 610.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 451.71 610.25 Td (and ) Tj ET Q q 0 0 0 rg BT 470.10 610.25 Td (strategies, ) Tj ET Q q 0 0 0 rg BT 514.88 610.25 Td (pr) Tj ET Q q 0 0 0 rg BT 523.40 610.25 Td (ojections, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 97.41 598.25 Td (events ) Tj ET Q q 0 0 0 rg BT 124.81 598.25 Td (and ) Tj ET Q q 0 0 0 rg BT 142.23 598.25 Td (tr) Tj ET Q q 0 0 0 rg BT 148.53 598.25 Td (ends, ) Tj ET Q q 0 0 0 rg BT 171.77 598.25 Td (the ) Tj ET Q q 0 0 0 rg BT 186.41 598.25 Td (economy ) Tj ET Q q 0 0 0 rg BT 224.36 598.25 Td (and ) Tj ET Q q 0 0 0 rg BT 241.78 598.25 Td (other ) Tj ET Q q 0 0 0 rg BT 265.30 598.25 Td (futur) Tj ET Q q 0 0 0 rg BT 284.38 598.25 Td (e ) Tj ET Q q 0 0 0 rg BT 291.24 598.25 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 337.82 598.25 Td (Because ) Tj ET Q q 0 0 0 rg BT 373.55 598.25 Td (forwar) Tj ET Q q 0 0 0 rg BT 400.41 598.25 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 441.15 598.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 485.79 598.25 Td (r) Tj ET Q q 0 0 0 rg BT 489.31 598.25 Td (elate ) Tj ET Q q 0 0 0 rg BT 511.16 598.25 Td (to ) Tj ET Q q 0 0 0 rg BT 521.35 598.25 Td (the ) Tj ET Q q 0 0 0 rg BT 535.99 598.25 Td (futur) Tj ET Q q 0 0 0 rg BT 555.06 598.25 Td (e, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (they ) Tj ET Q q 0 0 0 rg BT 69.19 586.25 Td (ar) Tj ET Q q 0 0 0 rg BT 77.71 586.25 Td (e ) Tj ET Q q 0 0 0 rg BT 84.69 586.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 115.55 586.25 Td (to ) Tj ET Q q 0 0 0 rg BT 125.86 586.25 Td (inher) Tj ET Q q 0 0 0 rg BT 146.60 586.25 Td (ent ) Tj ET Q q 0 0 0 rg BT 161.35 586.25 Td (uncertainties, ) Tj ET Q q 0 0 0 rg BT 218.60 586.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 240.02 586.25 Td (and ) Tj ET Q q 0 0 0 rg BT 257.56 586.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 292.86 586.25 Td (in ) Tj ET Q q 0 0 0 rg BT 303.18 586.25 Td (cir) Tj ET Q q 0 0 0 rg BT 313.92 586.25 Td (cumstances ) Tj ET Q q 0 0 0 rg BT 362.55 586.25 Td (that ) Tj ET Q q 0 0 0 rg BT 380.64 586.25 Td (ar) Tj ET Q q 0 0 0 rg BT 389.16 586.25 Td (e ) Tj ET Q q 0 0 0 rg BT 396.14 586.25 Td (difficult ) Tj ET Q q 0 0 0 rg BT 429.78 586.25 Td (to ) Tj ET Q q 0 0 0 rg BT 440.10 586.25 Td (pr) Tj ET Q q 0 0 0 rg BT 448.62 586.25 Td (edict ) Tj ET Q q 0 0 0 rg BT 470.58 586.25 Td (and ) Tj ET Q q 0 0 0 rg BT 488.12 586.25 Td (many ) Tj ET Q q 0 0 0 rg BT 512.32 586.25 Td (of ) Tj ET Q q 0 0 0 rg BT 522.63 586.25 Td (which ) Tj ET Q q 0 0 0 rg BT 549.05 586.25 Td (ar) Tj ET Q q 0 0 0 rg BT 557.57 586.25 Td (e ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (outside ) Tj ET Q q 0 0 0 rg BT 80.73 574.25 Td (of ) Tj ET Q q 0 0 0 rg BT 90.36 574.25 Td (our ) Tj ET Q q 0 0 0 rg BT 106.10 574.25 Td (contr) Tj ET Q q 0 0 0 rg BT 126.84 574.25 Td (ol. ) Tj ET Q q 0 0 0 rg BT 138.96 574.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 156.92 574.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 183.76 574.25 Td (r) Tj ET Q q 0 0 0 rg BT 187.28 574.25 Td (esults ) Tj ET Q q 0 0 0 rg BT 211.91 574.25 Td (and ) Tj ET Q q 0 0 0 rg BT 228.76 574.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 266.16 574.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 305.78 574.25 Td (may ) Tj ET Q q 0 0 0 rg BT 324.28 574.25 Td (differ ) Tj ET Q q 0 0 0 rg BT 347.80 574.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 390.75 574.25 Td (fr) Tj ET Q q 0 0 0 rg BT 397.05 574.25 Td (om ) Tj ET Q q 0 0 0 rg BT 411.11 574.25 Td (those ) Tj ET Q q 0 0 0 rg BT 434.07 574.25 Td (indicated ) Tj ET Q q 0 0 0 rg BT 473.13 574.25 Td (in ) Tj ET Q q 0 0 0 rg BT 482.75 574.25 Td (the ) Tj ET Q q 0 0 0 rg BT 496.82 574.25 Td (forwar) Tj ET Q q 0 0 0 rg BT 523.68 574.25 Td (d-looking ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 96.66 562.25 Td (Ther) Tj ET Q q 0 0 0 rg BT 115.18 562.25 Td (efor) Tj ET Q q 0 0 0 rg BT 130.92 562.25 Td (e, ) Tj ET Q q 0 0 0 rg BT 139.79 562.25 Td (you ) Tj ET Q q 0 0 0 rg BT 156.17 562.25 Td (should ) Tj ET Q q 0 0 0 rg BT 184.79 562.25 Td (not ) Tj ET Q q 0 0 0 rg BT 199.50 562.25 Td (place ) Tj ET Q q 0 0 0 rg BT 223.10 562.25 Td (undue ) Tj ET Q q 0 0 0 rg BT 249.48 562.25 Td (r) Tj ET Q q 0 0 0 rg BT 253.00 562.25 Td (eliance ) Tj ET Q q 0 0 0 rg BT 283.81 562.25 Td (on ) Tj ET Q q 0 0 0 rg BT 295.75 562.25 Td (any ) Tj ET Q q 0 0 0 rg BT 312.13 562.25 Td (forwar) Tj ET Q q 0 0 0 rg BT 338.99 562.25 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 379.26 562.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 425.92 562.25 Td (Important ) Tj ET Q q 0 0 0 rg BT 467.86 562.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 497.58 562.25 Td (that ) Tj ET Q q 0 0 0 rg BT 515.08 562.25 Td (could ) Tj ET Q q 0 0 0 rg BT 539.23 562.25 Td (cause ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (our ) Tj ET Q q 0 0 0 rg BT 65.80 550.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 92.70 550.25 Td (r) Tj ET Q q 0 0 0 rg BT 96.22 550.25 Td (esults ) Tj ET Q q 0 0 0 rg BT 120.91 550.25 Td (and ) Tj ET Q q 0 0 0 rg BT 137.81 550.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 175.27 550.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 214.95 550.25 Td (to ) Tj ET Q q 0 0 0 rg BT 224.64 550.25 Td (differ ) Tj ET Q q 0 0 0 rg BT 248.21 550.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 291.22 550.25 Td (fr) Tj ET Q q 0 0 0 rg BT 297.52 550.25 Td (om ) Tj ET Q q 0 0 0 rg BT 311.65 550.25 Td (those ) Tj ET Q q 0 0 0 rg BT 334.66 550.25 Td (indicated ) Tj ET Q q 0 0 0 rg BT 373.78 550.25 Td (in ) Tj ET Q q 0 0 0 rg BT 383.46 550.25 Td (the ) Tj ET Q q 0 0 0 rg BT 397.59 550.25 Td (forwar) Tj ET Q q 0 0 0 rg BT 424.45 550.25 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 464.68 550.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 508.80 550.25 Td (ar) Tj ET Q q 0 0 0 rg BT 517.32 550.25 Td (e ) Tj ET Q q 0 0 0 rg BT 523.67 550.25 Td (discussed ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (or ) Tj ET Q q 0 0 0 rg BT 62.23 538.25 Td (identified ) Tj ET Q q 0 0 0 rg BT 103.34 538.25 Td (in ) Tj ET Q q 0 0 0 rg BT 114.46 538.25 Td (our ) Tj ET Q q 0 0 0 rg BT 131.69 538.25 Td (public ) Tj ET Q q 0 0 0 rg BT 160.02 538.25 Td (filings ) Tj ET Q q 0 0 0 rg BT 188.36 538.25 Td (made ) Tj ET Q q 0 0 0 rg BT 213.36 538.25 Td (with ) Tj ET Q q 0 0 0 rg BT 233.93 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 249.48 538.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 270.04 538.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 312.82 538.25 Td (and ) Tj ET Q q 0 0 0 rg BT 331.16 538.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 373.92 538.25 Td (Commission, ) Tj ET Q q 0 0 0 rg BT 429.21 538.25 Td (including ) Tj ET Q q 0 0 0 rg BT 470.32 538.25 Td (in ) Tj ET Q q 0 0 0 rg BT 481.44 538.25 Td (this ) Tj ET Q q 0 0 0 rg BT 499.23 538.25 Td (Risk ) Tj ET Q q 0 0 0 rg BT 525.34 538.25 Td (Factors ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (discussion. ) Tj ET Q q 0 0 0 rg BT 95.51 526.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 112.51 526.25 Td (forwar) Tj ET Q q 0 0 0 rg BT 139.37 526.25 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 179.15 526.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 222.81 526.25 Td (made ) Tj ET Q q 0 0 0 rg BT 245.92 526.25 Td (by ) Tj ET Q q 0 0 0 rg BT 256.81 526.25 Td (us ) Tj ET Q q 0 0 0 rg BT 267.15 526.25 Td (in ) Tj ET Q q 0 0 0 rg BT 276.38 526.25 Td (this ) Tj ET Q q 0 0 0 rg BT 292.17 526.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 322.50 526.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 351.17 526.25 Td (on ) Tj ET Q q 0 0 0 rg BT 362.62 526.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 386.29 526.25 Td (10-K ) Tj ET Q q 0 0 0 rg BT 407.74 526.25 Td (ar) Tj ET Q q 0 0 0 rg BT 416.26 526.25 Td (e ) Tj ET Q q 0 0 0 rg BT 422.15 526.25 Td (based ) Tj ET Q q 0 0 0 rg BT 446.93 526.25 Td (only ) Tj ET Q q 0 0 0 rg BT 465.59 526.25 Td (on ) Tj ET Q q 0 0 0 rg BT 477.04 526.25 Td (information ) Tj ET Q q 0 0 0 rg BT 525.72 526.25 Td (curr) Tj ET Q q 0 0 0 rg BT 542.57 526.25 Td (ently ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (available ) Tj ET Q q 0 0 0 rg BT 89.70 514.25 Td (to ) Tj ET Q q 0 0 0 rg BT 99.96 514.25 Td (us ) Tj ET Q q 0 0 0 rg BT 111.34 514.25 Td (and ) Tj ET Q q 0 0 0 rg BT 128.83 514.25 Td (speak ) Tj ET Q q 0 0 0 rg BT 154.08 514.25 Td (only ) Tj ET Q q 0 0 0 rg BT 173.79 514.25 Td (as ) Tj ET Q q 0 0 0 rg BT 185.17 514.25 Td (of ) Tj ET Q q 0 0 0 rg BT 195.43 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 210.14 514.25 Td (date ) Tj ET Q q 0 0 0 rg BT 229.84 514.25 Td (on ) Tj ET Q q 0 0 0 rg BT 242.33 514.25 Td (which ) Tj ET Q q 0 0 0 rg BT 268.70 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 283.40 514.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 324.21 514.25 Td (is ) Tj ET Q q 0 0 0 rg BT 333.37 514.25 Td (made. ) Tj ET Q q 0 0 0 rg BT 360.02 514.25 Td (W) Tj ET Q q 0 0 0 rg BT 367.43 514.25 Td (e ) Tj ET Q q 0 0 0 rg BT 374.36 514.25 Td (undertake ) Tj ET Q q 0 0 0 rg BT 416.83 514.25 Td (no ) Tj ET Q q 0 0 0 rg BT 429.31 514.25 Td (obligation ) Tj ET Q q 0 0 0 rg BT 472.92 514.25 Td (to ) Tj ET Q q 0 0 0 rg BT 483.18 514.25 Td (publicly ) Tj ET Q q 0 0 0 rg BT 517.88 514.25 Td (update ) Tj ET Q q 0 0 0 rg BT 547.58 514.25 Td (any ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (forwar) Tj ET Q q 0 0 0 rg BT 76.86 502.25 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 117.62 502.25 Td (statement, ) Tj ET Q q 0 0 0 rg BT 160.88 502.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 195.53 502.25 Td (written ) Tj ET Q q 0 0 0 rg BT 226.30 502.25 Td (or ) Tj ET Q q 0 0 0 rg BT 237.63 502.25 Td (oral, ) Tj ET Q q 0 0 0 rg BT 259.24 502.25 Td (that ) Tj ET Q q 0 0 0 rg BT 277.23 502.25 Td (may ) Tj ET Q q 0 0 0 rg BT 296.33 502.25 Td (be ) Tj ET Q q 0 0 0 rg BT 308.20 502.25 Td (made ) Tj ET Q q 0 0 0 rg BT 332.29 502.25 Td (fr) Tj ET Q q 0 0 0 rg BT 338.59 502.25 Td (om ) Tj ET Q q 0 0 0 rg BT 353.25 502.25 Td (time ) Tj ET Q q 0 0 0 rg BT 372.90 502.25 Td (to ) Tj ET Q q 0 0 0 rg BT 383.12 502.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 405.27 502.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 439.92 502.25 Td (as ) Tj ET Q q 0 0 0 rg BT 451.25 502.25 Td (a ) Tj ET Q q 0 0 0 rg BT 458.68 502.25 Td (r) Tj ET Q q 0 0 0 rg BT 462.21 502.25 Td (esult ) Tj ET Q q 0 0 0 rg BT 483.53 502.25 Td (of ) Tj ET Q q 0 0 0 rg BT 493.74 502.25 Td (new ) Tj ET Q q 0 0 0 rg BT 512.29 502.25 Td (information, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (futur) Tj ET Q q 0 0 0 rg BT 69.08 490.25 Td (e ) Tj ET Q q 0 0 0 rg BT 76.02 490.25 Td (developments ) Tj ET Q q 0 0 0 rg BT 132.94 490.25 Td (or ) Tj ET Q q 0 0 0 rg BT 144.33 490.25 Td (otherwise, ) Tj ET Q q 0 0 0 rg BT 188.22 490.25 Td (except ) Tj ET Q q 0 0 0 rg BT 216.25 490.25 Td (as ) Tj ET Q q 0 0 0 rg BT 227.64 490.25 Td (r) Tj ET Q q 0 0 0 rg BT 231.16 490.25 Td (equir) Tj ET Q q 0 0 0 rg BT 251.90 490.25 Td (ed ) Tj ET Q q 0 0 0 rg BT 263.84 490.25 Td (by ) Tj ET Q q 0 0 0 rg BT 275.78 490.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 320.49 490.25 Td (law) Tj ET Q q 0 0 0 rg BT 334.19 490.25 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 466.25 Td (Refer) Tj ET Q q 0 0 0 rg BT 107.28 466.25 Td (ence ) Tj ET Q q 0 0 0 rg BT 128.05 466.25 Td (to ) Tj ET Q q 0 0 0 rg BT 138.28 466.25 Td (this ) Tj ET Q q 0 0 0 rg BT 155.17 466.25 Td (Cautionary ) Tj ET Q q 0 0 0 rg BT 203.18 466.25 Td (Statement ) Tj ET Q q 0 0 0 rg BT 245.06 466.25 Td (in ) Tj ET Q q 0 0 0 rg BT 255.29 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 269.95 466.25 Td (context ) Tj ET Q q 0 0 0 rg BT 301.27 466.25 Td (of ) Tj ET Q q 0 0 0 rg BT 311.50 466.25 Td (a ) Tj ET Q q 0 0 0 rg BT 318.95 466.25 Td (forwar) Tj ET Q q 0 0 0 rg BT 345.81 466.25 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 386.58 466.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 427.36 466.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 449.25 466.25 Td (be ) Tj ET Q q 0 0 0 rg BT 461.14 466.25 Td (deemed ) Tj ET Q q 0 0 0 rg BT 494.13 466.25 Td (to ) Tj ET Q q 0 0 0 rg BT 504.35 466.25 Td (be ) Tj ET Q q 0 0 0 rg BT 516.24 466.25 Td (a ) Tj ET Q q 0 0 0 rg BT 523.69 466.25 Td (statement ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (that ) Tj ET Q q 0 0 0 rg BT 68.40 454.25 Td (any ) Tj ET Q q 0 0 0 rg BT 85.68 454.25 Td (one ) Tj ET Q q 0 0 0 rg BT 102.96 454.25 Td (or ) Tj ET Q q 0 0 0 rg BT 114.69 454.25 Td (mor) Tj ET Q q 0 0 0 rg BT 130.43 454.25 Td (e ) Tj ET Q q 0 0 0 rg BT 137.71 454.25 Td (of ) Tj ET Q q 0 0 0 rg BT 148.33 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 163.39 454.25 Td (following ) Tj ET Q q 0 0 0 rg BT 204.01 454.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 234.63 454.25 Td (may ) Tj ET Q q 0 0 0 rg BT 254.13 454.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 279.74 454.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 307.58 454.25 Td (r) Tj ET Q q 0 0 0 rg BT 311.10 454.25 Td (esults ) Tj ET Q q 0 0 0 rg BT 336.72 454.25 Td (to ) Tj ET Q q 0 0 0 rg BT 347.33 454.25 Td (differ ) Tj ET Q q 0 0 0 rg BT 371.84 454.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 415.79 454.25 Td (fr) Tj ET Q q 0 0 0 rg BT 422.08 454.25 Td (om ) Tj ET Q q 0 0 0 rg BT 437.15 454.25 Td (those ) Tj ET Q q 0 0 0 rg BT 461.10 454.25 Td (indicated ) Tj ET Q q 0 0 0 rg BT 501.15 454.25 Td (in ) Tj ET Q q 0 0 0 rg BT 511.77 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 526.83 454.25 Td (forwar) Tj ET Q q 0 0 0 rg BT 553.69 454.25 Td (d-) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (looking ) Tj ET Q q 0 0 0 rg BT 82.50 442.25 Td (statement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 418.25 Td (The ) Tj ET Q q 0 0 0 rg BT 104.06 418.25 Td (following ) Tj ET Q q 0 0 0 rg BT 144.90 418.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 162.95 418.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 193.79 418.25 Td (ar) Tj ET Q q 0 0 0 rg BT 202.31 418.25 Td (e ) Tj ET Q q 0 0 0 rg BT 209.80 418.25 Td (in ) Tj ET Q q 0 0 0 rg BT 220.64 418.25 Td (addition ) Tj ET Q q 0 0 0 rg BT 257.03 418.25 Td (to ) Tj ET Q q 0 0 0 rg BT 267.87 418.25 Td (any ) Tj ET Q q 0 0 0 rg BT 285.36 418.25 Td (other ) Tj ET Q q 0 0 0 rg BT 309.53 418.25 Td (cautionary ) Tj ET Q q 0 0 0 rg BT 355.91 418.25 Td (statements, ) Tj ET Q q 0 0 0 rg BT 403.68 418.25 Td (written ) Tj ET Q q 0 0 0 rg BT 435.07 418.25 Td (or ) Tj ET Q q 0 0 0 rg BT 447.02 418.25 Td (oral, ) Tj ET Q q 0 0 0 rg BT 469.25 418.25 Td (which ) Tj ET Q q 0 0 0 rg BT 496.19 418.25 Td (may ) Tj ET Q q 0 0 0 rg BT 515.91 418.25 Td (be ) Tj ET Q q 0 0 0 rg BT 528.40 418.25 Td (made ) Tj ET Q q 0 0 0 rg BT 553.12 418.25 Td (or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (r) Tj ET Q q 0 0 0 rg BT 53.52 406.25 Td (eferr) Tj ET Q q 0 0 0 rg BT 72.59 406.25 Td (ed ) Tj ET Q q 0 0 0 rg BT 84.94 406.25 Td (to ) Tj ET Q q 0 0 0 rg BT 95.63 406.25 Td (in ) Tj ET Q q 0 0 0 rg BT 106.33 406.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 153.11 406.25 Td (with ) Tj ET Q q 0 0 0 rg BT 173.25 406.25 Td (any ) Tj ET Q q 0 0 0 rg BT 190.60 406.25 Td (particular ) Tj ET Q q 0 0 0 rg BT 234.08 406.25 Td (forwar) Tj ET Q q 0 0 0 rg BT 260.94 406.25 Td (d-looking ) Tj ET Q q 0 0 0 rg BT 302.17 406.25 Td (statement. ) Tj ET Q q 0 0 0 rg BT 345.91 406.25 Td (The ) Tj ET Q q 0 0 0 rg BT 363.83 406.25 Td (following ) Tj ET Q q 0 0 0 rg BT 404.53 406.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 422.44 406.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 453.13 406.25 Td (should ) Tj ET Q q 0 0 0 rg BT 482.72 406.25 Td (not ) Tj ET Q q 0 0 0 rg BT 498.41 406.25 Td (be ) Tj ET Q q 0 0 0 rg BT 510.76 406.25 Td (construed ) Tj ET Q q 0 0 0 rg BT 553.11 406.25 Td (as ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (exhaustive.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (Our) Tj ET Q q 0 0 0 rg BT 67.60 370.25 Td ( ) Tj ET Q q 0 0 0 rg BT 70.38 370.25 Td (r) Tj ET Q q 0 0 0 rg BT 74.64 370.25 Td (evenues, ) Tj ET Q q 0 0 0 rg BT 113.25 370.25 Td (r) Tj ET Q q 0 0 0 rg BT 117.51 370.25 Td (esults ) Tj ET Q q 0 0 0 rg BT 144.18 370.25 Td (of ) Tj ET Q q 0 0 0 rg BT 155.29 370.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 203.08 370.25 Td (and ) Tj ET Q q 0 0 0 rg BT 221.98 370.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 243.66 370.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 268.66 370.25 Td (could ) Tj ET Q q 0 0 0 rg BT 294.78 370.25 Td (be ) Tj ET Q q 0 0 0 rg BT 307.56 370.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 354.22 370.25 Td (and ) Tj ET Q q 0 0 0 rg BT 373.12 370.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 416.45 370.25 Td (affected ) Tj ET Q q 0 0 0 rg BT 453.10 370.25 Td (by ) Tj ET Q q 0 0 0 rg BT 466.45 370.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 503.12 370.25 Td (in ) Tj ET Q q 0 0 0 rg BT 514.24 370.25 Td (commodity ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (prices.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 334.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 103.29 334.25 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 143.07 334.25 Td (results ) Tj ET Q q 0 0 0 rg BT 170.91 334.25 Td (of ) Tj ET Q q 0 0 0 rg BT 180.98 334.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 224.37 334.25 Td (and ) Tj ET Q q 0 0 0 rg BT 240.55 334.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 260.06 334.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 284.02 334.25 Td (are ) Tj ET Q q 0 0 0 rg BT 297.96 334.25 Td (af) Tj ET Q q 0 0 0 rg BT 305.55 334.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 331.71 334.25 Td (by ) Tj ET Q q 0 0 0 rg BT 343.45 334.25 Td (market ) Tj ET Q q 0 0 0 rg BT 372.95 334.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 398.57 334.25 Td (for ) Tj ET Q q 0 0 0 rg BT 411.97 334.25 Td (commodities ) Tj ET Q q 0 0 0 rg BT 465.37 334.25 Td (such ) Tj ET Q q 0 0 0 rg BT 485.43 334.25 Td (as ) Tj ET Q q 0 0 0 rg BT 495.50 334.25 Td (crude ) Tj ET Q q 0 0 0 rg BT 519.45 334.25 Td (oil, ) Tj ET Q q 0 0 0 rg BT 534.24 334.25 Td (natural ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (gas, ) Tj ET Q q 0 0 0 rg BT 68.73 322.25 Td (ethanol, ) Tj ET Q q 0 0 0 rg BT 103.57 322.25 Td (fertilizer) Tj ET Q q 0 0 0 rg BT 137.59 322.25 Td (, ) Tj ET Q q 0 0 0 rg BT 142.99 322.25 Td (grain, ) Tj ET Q q 0 0 0 rg BT 168.94 322.25 Td (oilseed, ) Tj ET Q q 0 0 0 rg BT 202.66 322.25 Td (flour ) Tj ET Q q 0 0 0 rg BT 225.00 322.25 Td (and ) Tj ET Q q 0 0 0 rg BT 242.34 322.25 Td (crude ) Tj ET Q q 0 0 0 rg BT 267.45 322.25 Td (and ) Tj ET Q q 0 0 0 rg BT 284.79 322.25 Td (refined ) Tj ET Q q 0 0 0 rg BT 316.01 322.25 Td (vegetable ) Tj ET Q q 0 0 0 rg BT 357.22 322.25 Td (oils. ) Tj ET Q q 0 0 0 rg BT 377.07 322.25 Td (Commodity ) Tj ET Q q 0 0 0 rg BT 427.76 322.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 454.54 322.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 494.64 322.25 Td (are ) Tj ET Q q 0 0 0 rg BT 509.75 322.25 Td (af) Tj ET Q q 0 0 0 rg BT 517.34 322.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 544.66 322.25 Td (by ) Tj ET Q q 0 0 0 rg BT 557.57 322.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (wide ) Tj ET Q q 0 0 0 rg BT 72.38 310.25 Td (range ) Tj ET Q q 0 0 0 rg BT 97.54 310.25 Td (of ) Tj ET Q q 0 0 0 rg BT 108.81 310.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 138.97 310.25 Td (beyond ) Tj ET Q q 0 0 0 rg BT 171.35 310.25 Td (our ) Tj ET Q q 0 0 0 rg BT 187.63 310.25 Td (control, ) Tj ET Q q 0 0 0 rg BT 221.40 310.25 Td (including ) Tj ET Q q 0 0 0 rg BT 262.12 310.25 Td (weather) Tj ET Q q 0 0 0 rg BT 293.36 310.25 Td (, ) Tj ET Q q 0 0 0 rg BT 298.81 310.25 Td (disease, ) Tj ET Q q 0 0 0 rg BT 333.13 310.25 Td (insect ) Tj ET Q q 0 0 0 rg BT 359.40 310.25 Td (damage, ) Tj ET Q q 0 0 0 rg BT 395.94 310.25 Td (drought, ) Tj ET Q q 0 0 0 rg BT 432.49 310.25 Td (the ) Tj ET Q q 0 0 0 rg BT 447.66 310.25 Td (availability ) Tj ET Q q 0 0 0 rg BT 495.59 310.25 Td (and ) Tj ET Q q 0 0 0 rg BT 512.97 310.25 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 553.67 310.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (supply) Tj ET Q q 0 0 0 rg BT 76.02 298.25 Td (, ) Tj ET Q q 0 0 0 rg BT 81.68 298.25 Td (government ) Tj ET Q q 0 0 0 rg BT 132.60 298.25 Td (regulation ) Tj ET Q q 0 0 0 rg BT 176.30 298.25 Td (and ) Tj ET Q q 0 0 0 rg BT 193.89 298.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 228.15 298.25 Td (and ) Tj ET Q q 0 0 0 rg BT 245.75 298.25 Td (general ) Tj ET Q q 0 0 0 rg BT 278.33 298.25 Td (political ) Tj ET Q q 0 0 0 rg BT 314.25 298.25 Td (and ) Tj ET Q q 0 0 0 rg BT 331.85 298.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 373.88 298.25 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 420.97 298.25 Td (W) Tj ET Q q 0 0 0 rg BT 429.61 298.25 Td (e ) Tj ET Q q 0 0 0 rg BT 437.20 298.25 Td (are ) Tj ET Q q 0 0 0 rg BT 452.57 298.25 Td (also ) Tj ET Q q 0 0 0 rg BT 471.83 298.25 Td (exposed ) Tj ET Q q 0 0 0 rg BT 507.76 298.25 Td (to ) Tj ET Q q 0 0 0 rg BT 518.69 298.25 Td (fluctuating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 97.72 286.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 123.77 286.25 Td (as ) Tj ET Q q 0 0 0 rg BT 134.27 286.25 Td (the ) Tj ET Q q 0 0 0 rg BT 148.65 286.25 Td (result ) Tj ET Q q 0 0 0 rg BT 173.04 286.25 Td (of ) Tj ET Q q 0 0 0 rg BT 183.54 286.25 Td (our ) Tj ET Q q 0 0 0 rg BT 199.04 286.25 Td (inventories ) Tj ET Q q 0 0 0 rg BT 245.64 286.25 Td (of ) Tj ET Q q 0 0 0 rg BT 256.14 286.25 Td (commodities, ) Tj ET Q q 0 0 0 rg BT 312.47 286.25 Td (typically ) Tj ET Q q 0 0 0 rg BT 349.63 286.25 Td (grain, ) Tj ET Q q 0 0 0 rg BT 374.85 286.25 Td (fertilizer ) Tj ET Q q 0 0 0 rg BT 411.44 286.25 Td (and ) Tj ET Q q 0 0 0 rg BT 428.04 286.25 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 470.75 286.25 Td (products, ) Tj ET Q q 0 0 0 rg BT 509.86 286.25 Td (and ) Tj ET Q q 0 0 0 rg BT 526.47 286.25 Td (purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.87 274.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 84.85 274.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 123.37 274.25 Td (at ) Tj ET Q q 0 0 0 rg BT 133.02 274.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 156.00 274.25 Td (or ) Tj ET Q q 0 0 0 rg BT 166.76 274.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 202.51 274.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 225.49 274.25 Td (prices. ) Tj ET Q q 0 0 0 rg BT 253.77 274.25 Td (At ) Tj ET Q q 0 0 0 rg BT 266.20 274.25 Td (any ) Tj ET Q q 0 0 0 rg BT 283.07 274.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 305.77 274.25 Td (our ) Tj ET Q q 0 0 0 rg BT 321.53 274.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 362.29 274.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 388.05 274.25 Td (and ) Tj ET Q q 0 0 0 rg BT 404.92 274.25 Td (unfulfilled ) Tj ET Q q 0 0 0 rg BT 449.56 274.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 472.54 274.25 Td (or ) Tj ET Q q 0 0 0 rg BT 483.30 274.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 519.05 274.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 542.03 274.25 Td (price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 84.81 262.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 131.86 262.25 Td (may ) Tj ET Q q 0 0 0 rg BT 151.68 262.25 Td (be ) Tj ET Q q 0 0 0 rg BT 163.73 262.25 Td (substantial. ) Tj ET Q q 0 0 0 rg BT 211.42 262.25 Td (W) Tj ET Q q 0 0 0 rg BT 220.06 262.25 Td (e ) Tj ET Q q 0 0 0 rg BT 227.10 262.25 Td (have ) Tj ET Q q 0 0 0 rg BT 248.58 262.25 Td (processes ) Tj ET Q q 0 0 0 rg BT 289.51 262.25 Td (in ) Tj ET Q q 0 0 0 rg BT 299.90 262.25 Td (place ) Tj ET Q q 0 0 0 rg BT 323.60 262.25 Td (to ) Tj ET Q q 0 0 0 rg BT 333.98 262.25 Td (monitor ) Tj ET Q q 0 0 0 rg BT 368.25 262.25 Td (exposures ) Tj ET Q q 0 0 0 rg BT 410.85 262.25 Td (to ) Tj ET Q q 0 0 0 rg BT 421.23 262.25 Td (these ) Tj ET Q q 0 0 0 rg BT 444.39 262.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 465.88 262.25 Td (and ) Tj ET Q q 0 0 0 rg BT 482.93 262.25 Td (engage ) Tj ET Q q 0 0 0 rg BT 513.85 262.25 Td (in ) Tj ET Q q 0 0 0 rg BT 524.24 262.25 Td (strategies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.94 250.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 93.20 250.25 Td (these ) Tj ET Q q 0 0 0 rg BT 115.91 250.25 Td (risks. ) Tj ET Q q 0 0 0 rg BT 139.46 250.25 Td (If ) Tj ET Q q 0 0 0 rg BT 148.29 250.25 Td (these ) Tj ET Q q 0 0 0 rg BT 171.00 250.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 205.38 250.25 Td (and ) Tj ET Q q 0 0 0 rg BT 221.98 250.25 Td (strategies ) Tj ET Q q 0 0 0 rg BT 261.90 250.25 Td (are ) Tj ET Q q 0 0 0 rg BT 276.27 250.25 Td (not ) Tj ET Q q 0 0 0 rg BT 291.22 250.25 Td (successful ) Tj ET Q q 0 0 0 rg BT 334.48 250.25 Td (in ) Tj ET Q q 0 0 0 rg BT 344.42 250.25 Td (mitigating ) Tj ET Q q 0 0 0 rg BT 387.69 250.25 Td (our ) Tj ET Q q 0 0 0 rg BT 403.18 250.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 441.45 250.25 Td (to ) Tj ET Q q 0 0 0 rg BT 451.39 250.25 Td (these ) Tj ET Q q 0 0 0 rg BT 474.10 250.25 Td (fluctuations, ) Tj ET Q q 0 0 0 rg BT 525.97 250.25 Td (we ) Tj ET Q q 0 0 0 rg BT 539.79 250.25 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (be ) Tj ET Q q 0 0 0 rg BT 61.07 238.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 103.23 238.25 Td (and ) Tj ET Q q 0 0 0 rg BT 119.30 238.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 159.24 238.25 Td (af) Tj ET Q q 0 0 0 rg BT 166.83 238.25 Td (fected. ) Tj ET Q q 0 0 0 rg BT 195.38 238.25 Td (Increases ) Tj ET Q q 0 0 0 rg BT 234.21 238.25 Td (in ) Tj ET Q q 0 0 0 rg BT 243.62 238.25 Td (market ) Tj ET Q q 0 0 0 rg BT 273.01 238.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 298.51 238.25 Td (for ) Tj ET Q q 0 0 0 rg BT 311.80 238.25 Td (commodities ) Tj ET Q q 0 0 0 rg BT 365.09 238.25 Td (that ) Tj ET Q q 0 0 0 rg BT 381.71 238.25 Td (we ) Tj ET Q q 0 0 0 rg BT 395.00 238.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 432.17 238.25 Td (without ) Tj ET Q q 0 0 0 rg BT 464.35 238.25 Td (a ) Tj ET Q q 0 0 0 rg BT 470.42 238.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 529.26 238.25 Td (increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.29 226.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.02 226.25 Td (price ) Tj ET Q q 0 0 0 rg BT 97.51 226.25 Td (of ) Tj ET Q q 0 0 0 rg BT 108.36 226.25 Td (our ) Tj ET Q q 0 0 0 rg BT 124.20 226.25 Td (products ) Tj ET Q q 0 0 0 rg BT 161.15 226.25 Td (or ) Tj ET Q q 0 0 0 rg BT 171.99 226.25 Td (our ) Tj ET Q q 0 0 0 rg BT 187.83 226.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 209.78 226.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 242.29 226.25 Td (or ) Tj ET Q q 0 0 0 rg BT 253.13 226.25 Td (a ) Tj ET Q q 0 0 0 rg BT 260.08 226.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 297.00 226.25 Td (in ) Tj ET Q q 0 0 0 rg BT 307.29 226.25 Td (our ) Tj ET Q q 0 0 0 rg BT 323.13 226.25 Td (other ) Tj ET Q q 0 0 0 rg BT 346.19 226.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 386.47 226.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 425.08 226.25 Td (could ) Tj ET Q q 0 0 0 rg BT 449.80 226.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 478.96 226.25 Td (our ) Tj ET Q q 0 0 0 rg BT 494.80 226.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 532.85 226.25 Td (and ) Tj ET Q q 0 0 0 rg BT 549.80 226.25 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (income. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 190.25 Td (For ) Tj ET Q q 0 0 0 rg BT 102.29 190.25 Td (example, ) Tj ET Q q 0 0 0 rg BT 141.06 190.25 Td (in ) Tj ET Q q 0 0 0 rg BT 151.24 190.25 Td (our ) Tj ET Q q 0 0 0 rg BT 166.97 190.25 Td (ener) Tj ET Q q 0 0 0 rg BT 183.99 190.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 196.39 190.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 242.95 190.25 Td (profitability ) Tj ET Q q 0 0 0 rg BT 293.11 190.25 Td (depends ) Tj ET Q q 0 0 0 rg BT 328.28 190.25 Td (lar) Tj ET Q q 0 0 0 rg BT 338.65 190.25 Td (gely ) Tj ET Q q 0 0 0 rg BT 358.26 190.25 Td (on ) Tj ET Q q 0 0 0 rg BT 370.66 190.25 Td (the ) Tj ET Q q 0 0 0 rg BT 385.28 190.25 Td (mar) Tj ET Q q 0 0 0 rg BT 400.65 190.25 Td (gin ) Tj ET Q q 0 0 0 rg BT 415.82 190.25 Td (between ) Tj ET Q q 0 0 0 rg BT 451.54 190.25 Td (the ) Tj ET Q q 0 0 0 rg BT 466.15 190.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 484.66 190.25 Td (of ) Tj ET Q q 0 0 0 rg BT 495.39 190.25 Td (crude ) Tj ET Q q 0 0 0 rg BT 519.99 190.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 532.95 190.25 Td (that ) Tj ET Q q 0 0 0 rg BT 550.34 190.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (refine ) Tj ET Q q 0 0 0 rg BT 75.62 178.25 Td (and ) Tj ET Q q 0 0 0 rg BT 92.35 178.25 Td (the ) Tj ET Q q 0 0 0 rg BT 106.87 178.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 135.83 178.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 162.01 178.25 Td (that ) Tj ET Q q 0 0 0 rg BT 179.31 178.25 Td (we ) Tj ET Q q 0 0 0 rg BT 193.27 178.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 220.56 178.25 Td (for ) Tj ET Q q 0 0 0 rg BT 234.52 178.25 Td (our ) Tj ET Q q 0 0 0 rg BT 250.15 178.25 Td (refined ) Tj ET Q q 0 0 0 rg BT 280.77 178.25 Td (products. ) Tj ET Q q 0 0 0 rg BT 319.84 178.25 Td (The ) Tj ET Q q 0 0 0 rg BT 337.69 178.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 363.86 178.25 Td (for ) Tj ET Q q 0 0 0 rg BT 377.82 178.25 Td (both ) Tj ET Q q 0 0 0 rg BT 397.90 178.25 Td (crude ) Tj ET Q q 0 0 0 rg BT 422.41 178.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 435.26 178.25 Td (and ) Tj ET Q q 0 0 0 rg BT 452.00 178.25 Td (for ) Tj ET Q q 0 0 0 rg BT 465.96 178.25 Td (gasoline, ) Tj ET Q q 0 0 0 rg BT 504.09 178.25 Td (diesel ) Tj ET Q q 0 0 0 rg BT 529.71 178.25 Td (fuel ) Tj ET Q q 0 0 0 rg BT 547.56 178.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (other ) Tj ET Q q 0 0 0 rg BT 72.27 166.25 Td (refined ) Tj ET Q q 0 0 0 rg BT 102.30 166.25 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 144.56 166.25 Td (products ) Tj ET Q q 0 0 0 rg BT 180.72 166.25 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 217.42 166.25 Td (widely) Tj ET Q q 0 0 0 rg BT 243.98 166.25 Td (. ) Tj ET Q q 0 0 0 rg BT 248.20 166.25 Td (Factors ) Tj ET Q q 0 0 0 rg BT 279.36 166.25 Td (influencing ) Tj ET Q q 0 0 0 rg BT 326.62 166.25 Td (these ) Tj ET Q q 0 0 0 rg BT 348.89 166.25 Td (prices, ) Tj ET Q q 0 0 0 rg BT 376.98 166.25 Td (many ) Tj ET Q q 0 0 0 rg BT 400.92 166.25 Td (of ) Tj ET Q q 0 0 0 rg BT 410.97 166.25 Td (which ) Tj ET Q q 0 0 0 rg BT 437.12 166.25 Td (are ) Tj ET Q q 0 0 0 rg BT 451.05 166.25 Td (beyond ) Tj ET Q q 0 0 0 rg BT 482.21 166.25 Td (our ) Tj ET Q q 0 0 0 rg BT 497.26 166.25 Td (control, ) Tj ET Q q 0 0 0 rg BT 529.80 166.25 Td (include:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 142.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 142.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 129.83 142.25 Td (of ) Tj ET Q q 0 0 0 rg BT 140.66 142.25 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 185.92 142.25 Td (and ) Tj ET Q q 0 0 0 rg BT 202.86 142.25 Td (domestic ) Tj ET Q q 0 0 0 rg BT 241.47 142.25 Td (supplies;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 118.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 118.25 Td (capacities ) Tj ET Q q 0 0 0 rg BT 145.92 118.25 Td (of ) Tj ET Q q 0 0 0 rg BT 156.75 118.25 Td (domestic ) Tj ET Q q 0 0 0 rg BT 195.35 118.25 Td (and ) Tj ET Q q 0 0 0 rg BT 212.29 118.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 243.67 118.25 Td (refineries;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 94.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 94.25 Td (the ) Tj ET Q q 0 0 0 rg BT 118.24 94.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 145.82 94.25 Td (of ) Tj ET Q q 0 0 0 rg BT 156.17 94.25 Td (the ) Tj ET Q q 0 0 0 rg BT 170.42 94.25 Td (members ) Tj ET Q q 0 0 0 rg BT 209.10 94.25 Td (of ) Tj ET Q q 0 0 0 rg BT 219.45 94.25 Td (the ) Tj ET Q q 0 0 0 rg BT 233.70 94.25 Td (Or) Tj ET Q q 0 0 0 rg BT 244.07 94.25 Td (ganization ) Tj ET Q q 0 0 0 rg BT 287.74 94.25 Td (of ) Tj ET Q q 0 0 0 rg BT 298.10 94.25 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 341.23 94.25 Td (Exporting ) Tj ET Q q 0 0 0 rg BT 383.25 94.25 Td (Countries ) Tj ET Q q 0 0 0 rg BT 424.16 94.25 Td (\(OPEC\) ) Tj ET Q q 0 0 0 rg BT 467.28 94.25 Td (to ) Tj ET Q q 0 0 0 rg BT 477.09 94.25 Td (agree ) Tj ET Q q 0 0 0 rg BT 500.76 94.25 Td (to ) Tj ET Q q 0 0 0 rg BT 510.56 94.25 Td (and ) Tj ET Q q 0 0 0 rg BT 527.03 94.25 Td (maintain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 82.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 117.06 82.25 Td (price ) Tj ET Q q 0 0 0 rg BT 139.54 82.25 Td (and ) Tj ET Q q 0 0 0 rg BT 156.48 82.25 Td (production ) Tj ET Q q 0 0 0 rg BT 202.31 82.25 Td (controls, ) Tj ET Q q 0 0 0 rg BT 239.52 82.25 Td (and ) Tj ET Q q 0 0 0 rg BT 256.46 82.25 Td (the ) Tj ET Q q 0 0 0 rg BT 271.18 82.25 Td (price ) Tj ET Q q 0 0 0 rg BT 293.66 82.25 Td (and ) Tj ET Q q 0 0 0 rg BT 310.60 82.25 Td (level ) Tj ET Q q 0 0 0 rg BT 332.54 82.25 Td (of ) Tj ET Q q 0 0 0 rg BT 343.37 82.25 Td (imports;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 58.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 58.25 Td (disruption ) Tj ET Q q 0 0 0 rg BT 147.06 58.25 Td (in ) Tj ET Q q 0 0 0 rg BT 157.33 58.25 Td (supply;) Tj ET Q endstream endobj 27 0 obj <>] /Rotate 0 /Contents 28 0 R>> endobj 28 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 742.10 Td (political ) Tj ET Q q 0 0 0 rg BT 139.27 742.10 Td (instability ) Tj ET Q q 0 0 0 rg BT 181.77 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 192.60 742.10 Td (armed ) Tj ET Q q 0 0 0 rg BT 220.08 742.10 Td (conflict ) Tj ET Q q 0 0 0 rg BT 253.13 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 263.40 742.10 Td (oil-producing ) Tj ET Q q 0 0 0 rg BT 320.34 742.10 Td (regions;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 718.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.72 718.10 Td (level ) Tj ET Q q 0 0 0 rg BT 140.65 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 151.48 718.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 185.64 718.10 Td (from ) Tj ET Q q 0 0 0 rg BT 207.57 718.10 Td (consumers, ) Tj ET Q q 0 0 0 rg BT 255.34 718.10 Td (agricultural ) Tj ET Q q 0 0 0 rg BT 303.93 718.10 Td (producers ) Tj ET Q q 0 0 0 rg BT 345.86 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 362.80 718.10 Td (other ) Tj ET Q q 0 0 0 rg BT 385.85 718.10 Td (customers;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 694.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.72 694.10 Td (price ) Tj ET Q q 0 0 0 rg BT 141.20 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 158.14 694.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 205.63 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 216.46 694.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 261.15 694.10 Td (fuels;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 670.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.72 670.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 166.20 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 177.03 670.10 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 211.74 670.10 Td (capacity; ) Tj ET Q q 0 0 0 rg BT 250.33 670.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 646.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 646.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 142.60 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 159.54 646.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 190.92 646.10 Td (governmental ) Tj ET Q q 0 0 0 rg BT 248.40 646.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 295.33 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 312.27 646.10 Td (taxes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.36 622.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 110.61 622.10 Td (ef) Tj ET Q q 0 0 0 rg BT 118.20 622.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 139.89 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 151.03 622.10 Td (these ) Tj ET Q q 0 0 0 rg BT 174.39 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 191.64 622.10 Td (other ) Tj ET Q q 0 0 0 rg BT 215.01 622.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 259.48 622.10 Td (on ) Tj ET Q q 0 0 0 rg BT 272.30 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 287.33 622.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 314.02 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 325.16 622.10 Td (crude ) Tj ET Q q 0 0 0 rg BT 350.19 622.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 363.56 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 380.81 622.10 Td (refined ) Tj ET Q q 0 0 0 rg BT 411.94 622.10 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 455.29 622.10 Td (products ) Tj ET Q q 0 0 0 rg BT 492.55 622.10 Td (are ) Tj ET Q q 0 0 0 rg BT 507.57 622.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 547.58 622.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (ever) Tj ET Q q 0 0 0 rg BT 67.01 610.10 Td (-changing. ) Tj ET Q q 0 0 0 rg BT 111.72 610.10 Td (Increases ) Tj ET Q q 0 0 0 rg BT 151.15 610.10 Td (in ) Tj ET Q q 0 0 0 rg BT 161.16 610.10 Td (crude ) Tj ET Q q 0 0 0 rg BT 185.60 610.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 198.39 610.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 224.50 610.10 Td (without ) Tj ET Q q 0 0 0 rg BT 257.29 610.10 Td (a ) Tj ET Q q 0 0 0 rg BT 263.96 610.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 323.39 610.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 358.38 610.10 Td (in ) Tj ET Q q 0 0 0 rg BT 368.39 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 382.84 610.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 408.95 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 419.51 610.10 Td (our ) Tj ET Q q 0 0 0 rg BT 435.07 610.10 Td (refined ) Tj ET Q q 0 0 0 rg BT 465.62 610.10 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 508.39 610.10 Td (products, ) Tj ET Q q 0 0 0 rg BT 547.56 610.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (decreases ) Tj ET Q q 0 0 0 rg BT 91.08 598.10 Td (in ) Tj ET Q q 0 0 0 rg BT 101.63 598.10 Td (crude ) Tj ET Q q 0 0 0 rg BT 126.60 598.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 139.93 598.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 166.58 598.10 Td (with ) Tj ET Q q 0 0 0 rg BT 187.13 598.10 Td (lar) Tj ET Q q 0 0 0 rg BT 197.50 598.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 213.03 598.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 273.01 598.10 Td (decreases ) Tj ET Q q 0 0 0 rg BT 314.09 598.10 Td (in ) Tj ET Q q 0 0 0 rg BT 324.64 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 339.63 598.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 366.27 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 377.38 598.10 Td (our ) Tj ET Q q 0 0 0 rg BT 393.48 598.10 Td (refined ) Tj ET Q q 0 0 0 rg BT 424.56 598.10 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 467.88 598.10 Td (products, ) Tj ET Q q 0 0 0 rg BT 507.59 598.10 Td (would ) Tj ET Q q 0 0 0 rg BT 535.36 598.10 Td (reduce ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (our ) Tj ET Q q 0 0 0 rg BT 67.35 586.10 Td (net ) Tj ET Q q 0 0 0 rg BT 83.59 586.10 Td (income. ) Tj ET Q q 0 0 0 rg BT 118.65 586.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 167.99 586.10 Td (, ) Tj ET Q q 0 0 0 rg BT 174.51 586.10 Td (we ) Tj ET Q q 0 0 0 rg BT 190.19 586.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 220.30 586.10 Td (our ) Tj ET Q q 0 0 0 rg BT 237.65 586.10 Td (mar) Tj ET Q q 0 0 0 rg BT 253.02 586.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 273.71 586.10 Td (on, ) Tj ET Q q 0 0 0 rg BT 290.23 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 308.68 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 324.92 586.10 Td (profitability ) Tj ET Q q 0 0 0 rg BT 376.71 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 389.06 586.10 Td (our ) Tj ET Q q 0 0 0 rg BT 406.41 586.10 Td (ener) Tj ET Q q 0 0 0 rg BT 423.43 586.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 437.45 586.10 Td (business ) Tj ET Q q 0 0 0 rg BT 475.36 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 487.16 586.10 Td (fluctuate, ) Tj ET Q q 0 0 0 rg BT 528.66 586.10 Td (possibly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (significantly) Tj ET Q q 0 0 0 rg BT 99.34 574.10 Td (, ) Tj ET Q q 0 0 0 rg BT 104.34 574.10 Td (over ) Tj ET Q q 0 0 0 rg BT 124.61 574.10 Td (time.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (Our) Tj ET Q q 0 0 0 rg BT 67.60 550.10 Td ( ) Tj ET Q q 0 0 0 rg BT 70.97 550.10 Td (r) Tj ET Q q 0 0 0 rg BT 75.22 550.10 Td (evenues, ) Tj ET Q q 0 0 0 rg BT 114.42 550.10 Td (r) Tj ET Q q 0 0 0 rg BT 118.68 550.10 Td (esults ) Tj ET Q q 0 0 0 rg BT 145.94 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 157.64 550.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 206.01 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 225.50 550.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 247.76 550.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 273.35 550.10 Td (could ) Tj ET Q q 0 0 0 rg BT 300.06 550.10 Td (be ) Tj ET Q q 0 0 0 rg BT 313.43 550.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 360.67 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 380.17 550.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 424.08 550.10 Td (affected ) Tj ET Q q 0 0 0 rg BT 461.32 550.10 Td (by ) Tj ET Q q 0 0 0 rg BT 475.25 550.10 Td (global ) Tj ET Q q 0 0 0 rg BT 504.74 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 524.23 550.10 Td (domestic ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 92.49 538.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 141.39 538.10 Td (downturns ) Tj ET Q q 0 0 0 rg BT 190.01 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 208.64 538.10 Td (risks.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 514.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.18 514.10 Td (level ) Tj ET Q q 0 0 0 rg BT 126.25 514.10 Td (of ) Tj ET Q q 0 0 0 rg BT 137.22 514.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 171.51 514.10 Td (for ) Tj ET Q q 0 0 0 rg BT 185.80 514.10 Td (our ) Tj ET Q q 0 0 0 rg BT 201.77 514.10 Td (products ) Tj ET Q q 0 0 0 rg BT 238.84 514.10 Td (is ) Tj ET Q q 0 0 0 rg BT 248.15 514.10 Td (af) Tj ET Q q 0 0 0 rg BT 255.74 514.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 282.80 514.10 Td (by ) Tj ET Q q 0 0 0 rg BT 295.43 514.10 Td (global ) Tj ET Q q 0 0 0 rg BT 323.06 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 340.14 514.10 Td (regional ) Tj ET Q q 0 0 0 rg BT 375.54 514.10 Td (demographics ) Tj ET Q q 0 0 0 rg BT 434.27 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 451.34 514.10 Td (macroeconomic ) Tj ET Q q 0 0 0 rg BT 517.83 514.10 Td (conditions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (including ) Tj ET Q q 0 0 0 rg BT 91.49 502.10 Td (population ) Tj ET Q q 0 0 0 rg BT 137.98 502.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 170.03 502.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 192.62 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 210.78 502.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 246.70 502.10 Td (in ) Tj ET Q q 0 0 0 rg BT 258.20 502.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 299.68 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 311.73 502.10 Td (living. ) Tj ET Q q 0 0 0 rg BT 340.46 502.10 Td (A) Tj ET Q q 0 0 0 rg BT 347.13 502.10 Td ( ) Tj ET Q q 0 0 0 rg BT 350.85 502.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 396.78 502.10 Td (downturn ) Tj ET Q q 0 0 0 rg BT 438.83 502.10 Td (in ) Tj ET Q q 0 0 0 rg BT 450.32 502.10 Td (global ) Tj ET Q q 0 0 0 rg BT 479.04 502.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 521.62 502.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 553.67 502.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (recessionary ) Tj ET Q q 0 0 0 rg BT 102.94 490.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 147.57 490.10 Td (in ) Tj ET Q q 0 0 0 rg BT 158.31 490.10 Td (major ) Tj ET Q q 0 0 0 rg BT 184.61 490.10 Td (geographic ) Tj ET Q q 0 0 0 rg BT 231.99 490.10 Td (regions ) Tj ET Q q 0 0 0 rg BT 264.40 490.10 Td (may ) Tj ET Q q 0 0 0 rg BT 284.58 490.10 Td (lead ) Tj ET Q q 0 0 0 rg BT 304.20 490.10 Td (to ) Tj ET Q q 0 0 0 rg BT 314.94 490.10 Td (a ) Tj ET Q q 0 0 0 rg BT 322.35 490.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 356.96 490.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 391.58 490.10 Td (for ) Tj ET Q q 0 0 0 rg BT 406.21 490.10 Td (agricultural ) Tj ET Q q 0 0 0 rg BT 455.26 490.10 Td (commodities, ) Tj ET Q q 0 0 0 rg BT 512.39 490.10 Td (which ) Tj ET Q q 0 0 0 rg BT 539.79 490.10 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (have ) Tj ET Q q 0 0 0 rg BT 71.98 478.10 Td (a ) Tj ET Q q 0 0 0 rg BT 79.51 478.10 Td (material ) Tj ET Q q 0 0 0 rg BT 115.37 478.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 149.01 478.10 Td (ef) Tj ET Q q 0 0 0 rg BT 156.60 478.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 174.68 478.10 Td (on ) Tj ET Q q 0 0 0 rg BT 187.78 478.10 Td (our ) Tj ET Q q 0 0 0 rg BT 204.21 478.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 243.70 478.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 281.78 478.10 Td (condition, ) Tj ET Q q 0 0 0 rg BT 325.16 478.10 Td (liquidity) Tj ET Q q 0 0 0 rg BT 358.40 478.10 Td (, ) Tj ET Q q 0 0 0 rg BT 364.00 478.10 Td (results ) Tj ET Q q 0 0 0 rg BT 393.21 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 404.64 478.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 449.39 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 466.93 478.10 Td (prospects. ) Tj ET Q q 0 0 0 rg BT 509.61 478.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 559.52 478.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (weak ) Tj ET Q q 0 0 0 rg BT 74.43 466.10 Td (global ) Tj ET Q q 0 0 0 rg BT 102.75 466.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 144.96 466.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 189.95 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 207.72 466.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 241.59 466.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 286.58 466.10 Td (in ) Tj ET Q q 0 0 0 rg BT 297.69 466.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 336.00 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 353.77 466.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 383.75 466.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 418.74 466.10 Td (may ) Tj ET Q q 0 0 0 rg BT 439.28 466.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 480.93 466.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 511.47 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 527.02 466.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 90.31 454.10 Td (and ) Tj ET Q q 0 0 0 rg BT 107.29 454.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 143.72 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 154.59 454.10 Td (some ) Tj ET Q q 0 0 0 rg BT 178.23 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 189.10 454.10 Td (our ) Tj ET Q q 0 0 0 rg BT 204.97 454.10 Td (customers, ) Tj ET Q q 0 0 0 rg BT 250.55 454.10 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 289.20 454.10 Td (and ) Tj ET Q q 0 0 0 rg BT 306.18 454.10 Td (other ) Tj ET Q q 0 0 0 rg BT 329.26 454.10 Td (counterparties, ) Tj ET Q q 0 0 0 rg BT 390.94 454.10 Td (which ) Tj ET Q q 0 0 0 rg BT 417.92 454.10 Td (could ) Tj ET Q q 0 0 0 rg BT 442.67 454.10 Td (have ) Tj ET Q q 0 0 0 rg BT 464.09 454.10 Td (a ) Tj ET Q q 0 0 0 rg BT 471.06 454.10 Td (material ) Tj ET Q q 0 0 0 rg BT 506.36 454.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 539.44 454.10 Td (ef) Tj ET Q q 0 0 0 rg BT 547.02 454.10 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (on ) Tj ET Q q 0 0 0 rg BT 63.34 442.10 Td (our ) Tj ET Q q 0 0 0 rg BT 80.01 442.10 Td (customers' ) Tj ET Q q 0 0 0 rg BT 125.70 442.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 154.59 442.10 Td (to ) Tj ET Q q 0 0 0 rg BT 165.70 442.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 183.48 442.10 Td (for ) Tj ET Q q 0 0 0 rg BT 198.48 442.10 Td (our ) Tj ET Q q 0 0 0 rg BT 215.15 442.10 Td (products ) Tj ET Q q 0 0 0 rg BT 252.93 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 270.70 442.10 Td (on ) Tj ET Q q 0 0 0 rg BT 284.04 442.10 Td (our ) Tj ET Q q 0 0 0 rg BT 300.71 442.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 340.44 442.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 378.76 442.10 Td (condition, ) Tj ET Q q 0 0 0 rg BT 422.37 442.10 Td (liquidity) Tj ET Q q 0 0 0 rg BT 455.62 442.10 Td (, ) Tj ET Q q 0 0 0 rg BT 461.45 442.10 Td (results ) Tj ET Q q 0 0 0 rg BT 490.90 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 502.57 442.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 547.56 442.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (prospects.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 406.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 104.25 406.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 142.48 406.10 Td (originated ) Tj ET Q q 0 0 0 rg BT 185.72 406.10 Td (outside ) Tj ET Q q 0 0 0 rg BT 217.31 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.34 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.25 406.10 Td (United ) Tj ET Q q 0 0 0 rg BT 273.17 406.10 Td (States ) Tj ET Q q 0 0 0 rg BT 299.75 406.10 Td (were ) Tj ET Q q 0 0 0 rg BT 321.88 406.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.33 406.10 Td (23%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.66 406.10 Td ( ) Tj ET Q q 0 0 0 rg BT 403.36 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 414.39 406.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 467.63 406.10 Td (net ) Tj ET Q q 0 0 0 rg BT 482.54 406.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 504.68 406.10 Td (in ) Tj ET Q q 0 0 0 rg BT 515.16 406.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 539.51 406.10 Td (2017. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (As ) Tj ET Q q 0 0 0 rg BT 63.26 394.10 Td (a ) Tj ET Q q 0 0 0 rg BT 69.84 394.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 96.71 394.10 Td (we ) Tj ET Q q 0 0 0 rg BT 110.51 394.10 Td (are ) Tj ET Q q 0 0 0 rg BT 124.87 394.10 Td (exposed ) Tj ET Q q 0 0 0 rg BT 159.78 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 169.70 394.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 190.74 394.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 233.98 394.10 Td (with ) Tj ET Q q 0 0 0 rg BT 253.91 394.10 Td (having ) Tj ET Q q 0 0 0 rg BT 283.27 394.10 Td (global ) Tj ET Q q 0 0 0 rg BT 310.41 394.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 356.71 394.10 Td (including ) Tj ET Q q 0 0 0 rg BT 396.63 394.10 Td (currency) Tj ET Q q 0 0 0 rg BT 430.96 394.10 Td (, ) Tj ET Q q 0 0 0 rg BT 435.60 394.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 476.62 394.10 Td (or ) Tj ET Q q 0 0 0 rg BT 487.10 394.10 Td (political ) Tj ET Q q 0 0 0 rg BT 522.01 394.10 Td (instability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.35 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.13 382.10 Td (international ) Tj ET Q q 0 0 0 rg BT 128.24 382.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 162.46 382.10 Td (in ) Tj ET Q q 0 0 0 rg BT 172.81 382.10 Td (which ) Tj ET Q q 0 0 0 rg BT 199.81 382.10 Td (we ) Tj ET Q q 0 0 0 rg BT 214.04 382.10 Td (do ) Tj ET Q q 0 0 0 rg BT 226.61 382.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 265.57 382.10 Td (including ) Tj ET Q q 0 0 0 rg BT 305.91 382.10 Td (Brazil, ) Tj ET Q q 0 0 0 rg BT 335.42 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 350.20 382.10 Td (southern ) Tj ET Q q 0 0 0 rg BT 387.21 382.10 Td (cone ) Tj ET Q q 0 0 0 rg BT 408.65 382.10 Td (of ) Tj ET Q q 0 0 0 rg BT 419.55 382.10 Td (South ) Tj ET Q q 0 0 0 rg BT 444.89 382.10 Td (America, ) Tj ET Q q 0 0 0 rg BT 484.38 382.10 Td (Europe, ) Tj ET Q q 0 0 0 rg BT 518.33 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 533.11 382.10 Td (Middle ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (East ) Tj ET Q q 0 0 0 rg BT 69.72 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 86.66 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.82 370.10 Td (Asia ) Tj ET Q q 0 0 0 rg BT 121.65 370.10 Td (Pacific ) Tj ET Q q 0 0 0 rg BT 151.91 370.10 Td (region.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 346.10 Td (Also, ) Tj ET Q q 0 0 0 rg BT 109.22 346.10 Td (a ) Tj ET Q q 0 0 0 rg BT 115.48 346.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 159.52 346.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 190.23 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 200.39 346.10 Td (our ) Tj ET Q q 0 0 0 rg BT 215.55 346.10 Td (business ) Tj ET Q q 0 0 0 rg BT 251.26 346.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 289.19 346.10 Td (are ) Tj ET Q q 0 0 0 rg BT 303.22 346.10 Td (conducted ) Tj ET Q q 0 0 0 rg BT 346.14 346.10 Td (in ) Tj ET Q q 0 0 0 rg BT 355.75 346.10 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 390.06 346.10 Td (Mexico ) Tj ET Q q 0 0 0 rg BT 422.43 346.10 Td (and ) Tj ET Q q 0 0 0 rg BT 438.70 346.10 Td (China. ) Tj ET Q q 0 0 0 rg BT 466.51 346.10 Td (At ) Tj ET Q q 0 0 0 rg BT 478.33 346.10 Td (this ) Tj ET Q q 0 0 0 rg BT 494.61 346.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 516.71 346.10 Td (it ) Tj ET Q q 0 0 0 rg BT 524.09 346.10 Td (is ) Tj ET Q q 0 0 0 rg BT 532.58 346.10 Td (unclear ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (what ) Tj ET Q q 0 0 0 rg BT 71.07 334.10 Td (changes, ) Tj ET Q q 0 0 0 rg BT 107.40 334.10 Td (if ) Tj ET Q q 0 0 0 rg BT 115.14 334.10 Td (any) Tj ET Q q 0 0 0 rg BT 128.93 334.10 Td (, ) Tj ET Q q 0 0 0 rg BT 133.05 334.10 Td (will ) Tj ET Q q 0 0 0 rg BT 150.24 334.10 Td (be ) Tj ET Q q 0 0 0 rg BT 161.30 334.10 Td (made ) Tj ET Q q 0 0 0 rg BT 184.59 334.10 Td (to ) Tj ET Q q 0 0 0 rg BT 193.99 334.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 227.28 334.10 Td (international ) Tj ET Q q 0 0 0 rg BT 279.45 334.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 301.06 334.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 348.22 334.10 Td (that ) Tj ET Q q 0 0 0 rg BT 364.84 334.10 Td (are ) Tj ET Q q 0 0 0 rg BT 378.68 334.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 412.51 334.10 Td (for ) Tj ET Q q 0 0 0 rg BT 425.79 334.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 462.97 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 472.93 334.10 Td (our ) Tj ET Q q 0 0 0 rg BT 487.89 334.10 Td (business ) Tj ET Q q 0 0 0 rg BT 523.41 334.10 Td (activities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (including ) Tj ET Q q 0 0 0 rg BT 92.40 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 109.24 322.10 Td (North ) Tj ET Q q 0 0 0 rg BT 136.17 322.10 Td (American ) Tj ET Q q 0 0 0 rg BT 180.21 322.10 Td (Free ) Tj ET Q q 0 0 0 rg BT 202.27 322.10 Td (T) Tj ET Q q 0 0 0 rg BT 208.03 322.10 Td (rade ) Tj ET Q q 0 0 0 rg BT 228.84 322.10 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 279.36 322.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 301.21 322.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 323.61 322.10 Td (withdrawal ) Tj ET Q q 0 0 0 rg BT 373.22 322.10 Td (from, ) Tj ET Q q 0 0 0 rg BT 399.78 322.10 Td (or ) Tj ET Q q 0 0 0 rg BT 412.73 322.10 Td (material ) Tj ET Q q 0 0 0 rg BT 450.12 322.10 Td (modification ) Tj ET Q q 0 0 0 rg BT 505.84 322.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 520.74 322.10 Td (a ) Tj ET Q q 0 0 0 rg BT 529.80 322.10 Td (relevant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (international ) Tj ET Q q 0 0 0 rg BT 101.81 310.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 123.07 310.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 165.98 310.10 Td (could ) Tj ET Q q 0 0 0 rg BT 189.47 310.10 Td (have ) Tj ET Q q 0 0 0 rg BT 209.62 310.10 Td (a ) Tj ET Q q 0 0 0 rg BT 215.33 310.10 Td (material ) Tj ET Q q 0 0 0 rg BT 249.36 310.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 281.17 310.10 Td (ef) Tj ET Q q 0 0 0 rg BT 288.75 310.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 305.01 310.10 Td (on ) Tj ET Q q 0 0 0 rg BT 316.28 310.10 Td (our ) Tj ET Q q 0 0 0 rg BT 330.89 310.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 368.55 310.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 404.80 310.10 Td (condition, ) Tj ET Q q 0 0 0 rg BT 446.35 310.10 Td (liquidity) Tj ET Q q 0 0 0 rg BT 479.59 310.10 Td (, ) Tj ET Q q 0 0 0 rg BT 483.36 310.10 Td (results ) Tj ET Q q 0 0 0 rg BT 510.74 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.34 310.10 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 298.10 Td (prospects.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (Our) Tj ET Q q 0 0 0 rg BT 67.60 274.10 Td ( ) Tj ET Q q 0 0 0 rg BT 70.54 274.10 Td (r) Tj ET Q q 0 0 0 rg BT 74.80 274.10 Td (evenues, ) Tj ET Q q 0 0 0 rg BT 113.57 274.10 Td (margins, ) Tj ET Q q 0 0 0 rg BT 154.01 274.10 Td (r) Tj ET Q q 0 0 0 rg BT 158.27 274.10 Td (esults ) Tj ET Q q 0 0 0 rg BT 185.10 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 196.37 274.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 244.31 274.10 Td (and ) Tj ET Q q 0 0 0 rg BT 263.37 274.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 285.21 274.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 310.37 274.10 Td (could ) Tj ET Q q 0 0 0 rg BT 336.65 274.10 Td (be ) Tj ET Q q 0 0 0 rg BT 349.59 274.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 396.40 274.10 Td (and ) Tj ET Q q 0 0 0 rg BT 415.47 274.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 458.96 274.10 Td (affected ) Tj ET Q q 0 0 0 rg BT 495.76 274.10 Td (if ) Tj ET Q q 0 0 0 rg BT 504.81 274.10 Td (our) Tj ET Q q 0 0 0 rg BT 519.63 274.10 Td ( ) Tj ET Q q 0 0 0 rg BT 522.57 274.10 Td (members ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (wer) Tj ET Q q 0 0 0 rg BT 65.92 262.10 Td (e ) Tj ET Q q 0 0 0 rg BT 72.86 262.10 Td (to ) Tj ET Q q 0 0 0 rg BT 83.69 262.10 Td (do ) Tj ET Q q 0 0 0 rg BT 96.75 262.10 Td (business ) Tj ET Q q 0 0 0 rg BT 134.82 262.10 Td (with ) Tj ET Q q 0 0 0 rg BT 156.22 262.10 Td (others ) Tj ET Q q 0 0 0 rg BT 185.38 262.10 Td (rather) Tj ET Q q 0 0 0 rg BT 212.40 262.10 Td ( ) Tj ET Q q 0 0 0 rg BT 214.90 262.10 Td (than ) Tj ET Q q 0 0 0 rg BT 236.86 262.10 Td (with ) Tj ET Q q 0 0 0 rg BT 258.25 262.10 Td (us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 238.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 238.10 Td (e ) Tj ET Q q 0 0 0 rg BT 101.73 238.10 Td (do ) Tj ET Q q 0 0 0 rg BT 114.38 238.10 Td (not ) Tj ET Q q 0 0 0 rg BT 129.81 238.10 Td (have ) Tj ET Q q 0 0 0 rg BT 151.34 238.10 Td (an ) Tj ET Q q 0 0 0 rg BT 163.43 238.10 Td (exclusive ) Tj ET Q q 0 0 0 rg BT 203.84 238.10 Td (relationship ) Tj ET Q q 0 0 0 rg BT 253.71 238.10 Td (with ) Tj ET Q q 0 0 0 rg BT 274.13 238.10 Td (our ) Tj ET Q q 0 0 0 rg BT 290.12 238.10 Td (members ) Tj ET Q q 0 0 0 rg BT 329.42 238.10 Td (and ) Tj ET Q q 0 0 0 rg BT 346.51 238.10 Td (our ) Tj ET Q q 0 0 0 rg BT 362.49 238.10 Td (members ) Tj ET Q q 0 0 0 rg BT 401.80 238.10 Td (are ) Tj ET Q q 0 0 0 rg BT 416.66 238.10 Td (not ) Tj ET Q q 0 0 0 rg BT 432.09 238.10 Td (obligated ) Tj ET Q q 0 0 0 rg BT 471.95 238.10 Td (to ) Tj ET Q q 0 0 0 rg BT 482.38 238.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 511.70 238.10 Td (us ) Tj ET Q q 0 0 0 rg BT 523.25 238.10 Td (with ) Tj ET Q q 0 0 0 rg BT 543.68 238.10 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (products ) Tj ET Q q 0 0 0 rg BT 86.79 226.10 Td (or ) Tj ET Q q 0 0 0 rg BT 97.47 226.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 135.36 226.10 Td (products ) Tj ET Q q 0 0 0 rg BT 172.14 226.10 Td (from ) Tj ET Q q 0 0 0 rg BT 193.93 226.10 Td (us. ) Tj ET Q q 0 0 0 rg BT 207.67 226.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 225.58 226.10 Td (members ) Tj ET Q q 0 0 0 rg BT 264.58 226.10 Td (often ) Tj ET Q q 0 0 0 rg BT 287.48 226.10 Td (have ) Tj ET Q q 0 0 0 rg BT 308.71 226.10 Td (a ) Tj ET Q q 0 0 0 rg BT 315.49 226.10 Td (variety ) Tj ET Q q 0 0 0 rg BT 345.61 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 356.29 226.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 404.75 226.10 Td (outlets ) Tj ET Q q 0 0 0 rg BT 433.77 226.10 Td (and ) Tj ET Q q 0 0 0 rg BT 450.56 226.10 Td (product ) Tj ET Q q 0 0 0 rg BT 483.45 226.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 515.79 226.10 Td (available ) Tj ET Q q 0 0 0 rg BT 554.23 226.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (them. ) Tj ET Q q 0 0 0 rg BT 75.41 214.10 Td (If ) Tj ET Q q 0 0 0 rg BT 84.98 214.10 Td (our ) Tj ET Q q 0 0 0 rg BT 101.23 214.10 Td (members ) Tj ET Q q 0 0 0 rg BT 140.80 214.10 Td (were ) Tj ET Q q 0 0 0 rg BT 163.14 214.10 Td (to ) Tj ET Q q 0 0 0 rg BT 173.83 214.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 190.63 214.10 Td (their ) Tj ET Q q 0 0 0 rg BT 211.87 214.10 Td (products ) Tj ET Q q 0 0 0 rg BT 249.22 214.10 Td (to ) Tj ET Q q 0 0 0 rg BT 259.92 214.10 Td (other ) Tj ET Q q 0 0 0 rg BT 283.38 214.10 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 329.05 214.10 Td (or ) Tj ET Q q 0 0 0 rg BT 340.29 214.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 378.75 214.10 Td (products ) Tj ET Q q 0 0 0 rg BT 416.10 214.10 Td (from ) Tj ET Q q 0 0 0 rg BT 438.45 214.10 Td (other ) Tj ET Q q 0 0 0 rg BT 461.91 214.10 Td (sellers, ) Tj ET Q q 0 0 0 rg BT 492.87 214.10 Td (our ) Tj ET Q q 0 0 0 rg BT 509.12 214.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 547.57 214.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (mar) Tj ET Q q 0 0 0 rg BT 65.37 202.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 84.54 202.10 Td (would ) Tj ET Q q 0 0 0 rg BT 112.04 202.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 143.41 202.10 Td (and ) Tj ET Q q 0 0 0 rg BT 160.35 202.10 Td (our ) Tj ET Q q 0 0 0 rg BT 176.18 202.10 Td (results ) Tj ET Q q 0 0 0 rg BT 204.79 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 215.62 202.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 259.77 202.10 Td (and ) Tj ET Q q 0 0 0 rg BT 276.71 202.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 296.98 202.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 321.70 202.10 Td (could ) Tj ET Q q 0 0 0 rg BT 346.42 202.10 Td (be ) Tj ET Q q 0 0 0 rg BT 358.35 202.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 401.39 202.10 Td (and ) Tj ET Q q 0 0 0 rg BT 418.33 202.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 459.15 202.10 Td (af) Tj ET Q q 0 0 0 rg BT 466.73 202.10 Td (fected.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (W) Tj ET Q q 0 0 0 rg BT 59.45 178.10 Td (e ) Tj ET Q q 0 0 0 rg BT 66.39 178.10 Td (ar) Tj ET Q q 0 0 0 rg BT 75.64 178.10 Td (e ) Tj ET Q q 0 0 0 rg BT 82.58 178.10 Td (exposed ) Tj ET Q q 0 0 0 rg BT 118.97 178.10 Td (to ) Tj ET Q q 0 0 0 rg BT 129.80 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.63 178.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 164.80 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 175.63 178.10 Td (nonperformance ) Tj ET Q q 0 0 0 rg BT 249.23 178.10 Td (and ) Tj ET Q q 0 0 0 rg BT 267.86 178.10 Td (nonpayment ) Tj ET Q q 0 0 0 rg BT 323.70 178.10 Td (by ) Tj ET Q q 0 0 0 rg BT 336.76 178.10 Td (counterparties.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 154.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 154.10 Td (e ) Tj ET Q q 0 0 0 rg BT 102.65 154.10 Td (are ) Tj ET Q q 0 0 0 rg BT 118.44 154.10 Td (exposed ) Tj ET Q q 0 0 0 rg BT 154.79 154.10 Td (to ) Tj ET Q q 0 0 0 rg BT 166.14 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.94 154.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 200.52 154.10 Td (of ) Tj ET Q q 0 0 0 rg BT 212.42 154.10 Td (nonperformance ) Tj ET Q q 0 0 0 rg BT 281.52 154.10 Td (and ) Tj ET Q q 0 0 0 rg BT 299.54 154.10 Td (nonpayment ) Tj ET Q q 0 0 0 rg BT 352.55 154.10 Td (by ) Tj ET Q q 0 0 0 rg BT 366.13 154.10 Td (counterparties, ) Tj ET Q q 0 0 0 rg BT 428.85 154.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 464.63 154.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 502.65 154.10 Td (to ) Tj ET Q q 0 0 0 rg BT 514.01 154.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 553.68 154.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (otherwise. ) Tj ET Q q 0 0 0 rg BT 94.20 142.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 115.36 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 126.52 142.10 Td (nonperformance ) Tj ET Q q 0 0 0 rg BT 194.86 142.10 Td (and ) Tj ET Q q 0 0 0 rg BT 212.13 142.10 Td (nonpayment ) Tj ET Q q 0 0 0 rg BT 264.38 142.10 Td (by ) Tj ET Q q 0 0 0 rg BT 277.21 142.10 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 336.67 142.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 372.82 142.10 Td (the ) Tj ET Q q 0 0 0 rg BT 387.86 142.10 Td (inability ) Tj ET Q q 0 0 0 rg BT 424.02 142.10 Td (or ) Tj ET Q q 0 0 0 rg BT 435.17 142.10 Td (refusal ) Tj ET Q q 0 0 0 rg BT 465.20 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 476.35 142.10 Td (a ) Tj ET Q q 0 0 0 rg BT 483.62 142.10 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 536.97 142.10 Td (to ) Tj ET Q q 0 0 0 rg BT 547.57 142.10 Td (pay ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (us, ) Tj ET Q q 0 0 0 rg BT 64.24 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 79.31 130.10 Td (inability ) Tj ET Q q 0 0 0 rg BT 115.49 130.10 Td (or ) Tj ET Q q 0 0 0 rg BT 126.67 130.10 Td (refusal ) Tj ET Q q 0 0 0 rg BT 156.72 130.10 Td (to ) Tj ET Q q 0 0 0 rg BT 167.35 130.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 202.40 130.10 Td (because ) Tj ET Q q 0 0 0 rg BT 236.90 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 248.08 130.10 Td (a ) Tj ET Q q 0 0 0 rg BT 255.37 130.10 Td (counterparty) Tj ET Q q 0 0 0 rg BT 308.68 130.10 Td (s ) Tj ET Q q 0 0 0 rg BT 315.42 130.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 353.25 130.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 393.87 130.10 Td (and ) Tj ET Q q 0 0 0 rg BT 411.16 130.10 Td (liquidity) Tj ET Q q 0 0 0 rg BT 444.40 130.10 Td (, ) Tj ET Q q 0 0 0 rg BT 449.75 130.10 Td (or ) Tj ET Q q 0 0 0 rg BT 460.93 130.10 Td (for ) Tj ET Q q 0 0 0 rg BT 475.44 130.10 Td (any ) Tj ET Q q 0 0 0 rg BT 492.72 130.10 Td (other ) Tj ET Q q 0 0 0 rg BT 516.12 130.10 Td (reason, ) Tj ET Q q 0 0 0 rg BT 547.57 130.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (also ) Tj ET Q q 0 0 0 rg BT 68.49 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 83.09 118.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 100.47 118.10 Td (that ) Tj ET Q q 0 0 0 rg BT 117.84 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.44 118.10 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 185.35 118.10 Td (will ) Tj ET Q q 0 0 0 rg BT 203.29 118.10 Td (refuse ) Tj ET Q q 0 0 0 rg BT 230.10 118.10 Td (to ) Tj ET Q q 0 0 0 rg BT 240.26 118.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 274.84 118.10 Td (a ) Tj ET Q q 0 0 0 rg BT 281.66 118.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 316.25 118.10 Td (during ) Tj ET Q q 0 0 0 rg BT 344.73 118.10 Td (a ) Tj ET Q q 0 0 0 rg BT 351.55 118.10 Td (period ) Tj ET Q q 0 0 0 rg BT 379.48 118.10 Td (of ) Tj ET Q q 0 0 0 rg BT 390.19 118.10 Td (price ) Tj ET Q q 0 0 0 rg BT 412.56 118.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 462.15 118.10 Td (where ) Tj ET Q q 0 0 0 rg BT 488.96 118.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 523.54 118.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 549.80 118.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 104.39 106.10 Td (dif) Tj ET Q q 0 0 0 rg BT 115.32 106.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 143.04 106.10 Td (than ) Tj ET Q q 0 0 0 rg BT 164.66 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.28 106.10 Td (then ) Tj ET Q q 0 0 0 rg BT 202.90 106.10 Td (current ) Tj ET Q q 0 0 0 rg BT 235.61 106.10 Td (market ) Tj ET Q q 0 0 0 rg BT 267.78 106.10 Td (prices. ) Tj ET Q q 0 0 0 rg BT 298.56 106.10 Td (In ) Tj ET Q q 0 0 0 rg BT 311.29 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.91 106.10 Td (event ) Tj ET Q q 0 0 0 rg BT 353.97 106.10 Td (that ) Tj ET Q q 0 0 0 rg BT 373.37 106.10 Td (we ) Tj ET Q q 0 0 0 rg BT 389.43 106.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 437.13 106.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 483.75 106.10 Td (nonperformance ) Tj ET Q q 0 0 0 rg BT 553.67 106.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (nonpayment ) Tj ET Q q 0 0 0 rg BT 102.52 94.10 Td (by ) Tj ET Q q 0 0 0 rg BT 115.61 94.10 Td (counterparties, ) Tj ET Q q 0 0 0 rg BT 177.83 94.10 Td (our ) Tj ET Q q 0 0 0 rg BT 194.25 94.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 232.31 94.10 Td (condition, ) Tj ET Q q 0 0 0 rg BT 275.67 94.10 Td (results ) Tj ET Q q 0 0 0 rg BT 304.87 94.10 Td (of ) Tj ET Q q 0 0 0 rg BT 316.28 94.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 361.03 94.10 Td (and ) Tj ET Q q 0 0 0 rg BT 378.55 94.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 399.40 94.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 424.71 94.10 Td (could ) Tj ET Q q 0 0 0 rg BT 450.01 94.10 Td (be ) Tj ET Q q 0 0 0 rg BT 462.54 94.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 506.16 94.10 Td (and ) Tj ET Q q 0 0 0 rg BT 523.69 94.10 Td (adversely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 82.10 Td (fected. ) Tj ET Q q 0 0 0 rg BT 87.18 82.10 Td (For ) Tj ET Q q 0 0 0 rg BT 103.75 82.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 142.79 82.10 Td (we ) Tj ET Q q 0 0 0 rg BT 157.13 82.10 Td (store ) Tj ET Q q 0 0 0 rg BT 179.24 82.10 Td (inventory ) Tj ET Q q 0 0 0 rg BT 220.23 82.10 Td (in ) Tj ET Q q 0 0 0 rg BT 230.68 82.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 276.12 82.10 Td (warehouses, ) Tj ET Q q 0 0 0 rg BT 327.94 82.10 Td (and ) Tj ET Q q 0 0 0 rg BT 345.05 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.94 82.10 Td (operators ) Tj ET Q q 0 0 0 rg BT 399.82 82.10 Td (of ) Tj ET Q q 0 0 0 rg BT 410.82 82.10 Td (these ) Tj ET Q q 0 0 0 rg BT 434.04 82.10 Td (warehouses ) Tj ET Q q 0 0 0 rg BT 483.37 82.10 Td (may ) Tj ET Q q 0 0 0 rg BT 503.26 82.10 Td (not ) Tj ET Q q 0 0 0 rg BT 518.71 82.10 Td (adequately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (store ) Tj ET Q q 0 0 0 rg BT 71.95 70.10 Td (or ) Tj ET Q q 0 0 0 rg BT 82.79 70.10 Td (secure ) Tj ET Q q 0 0 0 rg BT 110.84 70.10 Td (our ) Tj ET Q q 0 0 0 rg BT 126.68 70.10 Td (inventory) Tj ET Q q 0 0 0 rg BT 164.36 70.10 Td (, ) Tj ET Q q 0 0 0 rg BT 169.37 70.10 Td (or ) Tj ET Q q 0 0 0 rg BT 180.21 70.10 Td (they ) Tj ET Q q 0 0 0 rg BT 199.94 70.10 Td (may ) Tj ET Q q 0 0 0 rg BT 219.67 70.10 Td (improperly ) Tj ET Q q 0 0 0 rg BT 266.62 70.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 283.02 70.10 Td (that ) Tj ET Q q 0 0 0 rg BT 300.52 70.10 Td (inventory ) Tj ET Q q 0 0 0 rg BT 341.36 70.10 Td (to ) Tj ET Q q 0 0 0 rg BT 351.65 70.10 Td (someone ) Tj ET Q q 0 0 0 rg BT 389.71 70.10 Td (else, ) Tj ET Q q 0 0 0 rg BT 410.27 70.10 Td (which ) Tj ET Q q 0 0 0 rg BT 437.22 70.10 Td (could ) Tj ET Q q 0 0 0 rg BT 461.95 70.10 Td (expose ) Tj ET Q q 0 0 0 rg BT 492.23 70.10 Td (us ) Tj ET Q q 0 0 0 rg BT 503.64 70.10 Td (to ) Tj ET Q q 0 0 0 rg BT 513.93 70.10 Td (a ) Tj ET Q q 0 0 0 rg BT 520.88 70.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 538.95 70.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 70.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (value ) Tj ET Q q 0 0 0 rg BT 73.38 58.10 Td (of ) Tj ET Q q 0 0 0 rg BT 83.43 58.10 Td (that ) Tj ET Q q 0 0 0 rg BT 100.14 58.10 Td (inventory) Tj ET Q q 0 0 0 rg BT 137.82 58.10 Td (. ) Tj ET Q q 0 0 0 rg BT 142.04 58.10 Td (In ) Tj ET Q q 0 0 0 rg BT 152.09 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.03 58.10 Td (event ) Tj ET Q q 0 0 0 rg BT 189.41 58.10 Td (that ) Tj ET Q q 0 0 0 rg BT 206.12 58.10 Td (we ) Tj ET Q q 0 0 0 rg BT 219.50 58.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 264.53 58.10 Td (any ) Tj ET Q q 0 0 0 rg BT 280.69 58.10 Td (such ) Tj ET Q q 0 0 0 rg BT 300.74 58.10 Td (nonperformance ) Tj ET Q q 0 0 0 rg BT 367.98 58.10 Td (by ) Tj ET Q q 0 0 0 rg BT 379.70 58.10 Td (a ) Tj ET Q q 0 0 0 rg BT 385.86 58.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 430.35 58.10 Td (warehouse ) Tj ET Q q 0 0 0 rg BT 474.83 58.10 Td (operator) Tj ET Q q 0 0 0 rg BT 507.74 58.10 Td (, ) Tj ET Q q 0 0 0 rg BT 511.96 58.10 Td (our ) Tj ET Q q 0 0 0 rg BT 527.01 58.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (condition, ) Tj ET Q q 0 0 0 rg BT 92.77 46.10 Td (results ) Tj ET Q q 0 0 0 rg BT 121.38 46.10 Td (of ) Tj ET Q q 0 0 0 rg BT 132.21 46.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 176.37 46.10 Td (and ) Tj ET Q q 0 0 0 rg BT 193.31 46.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 213.57 46.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 238.30 46.10 Td (could ) Tj ET Q q 0 0 0 rg BT 263.01 46.10 Td (be ) Tj ET Q q 0 0 0 rg BT 274.95 46.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 317.99 46.10 Td (and ) Tj ET Q q 0 0 0 rg BT 334.93 46.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 375.74 46.10 Td (af) Tj ET Q q 0 0 0 rg BT 383.33 46.10 Td (fected.) Tj ET Q endstream endobj 29 0 obj <>] /Rotate 0 /Contents 30 0 R>> endobj 30 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 305.78 31.60 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (W) Tj ET Q q 0 0 0 rg BT 59.45 742.25 Td (e ) Tj ET Q q 0 0 0 rg BT 66.24 742.25 Td (participate ) Tj ET Q q 0 0 0 rg BT 115.24 742.25 Td (in ) Tj ET Q q 0 0 0 rg BT 125.93 742.25 Td (highly ) Tj ET Q q 0 0 0 rg BT 154.96 742.25 Td (competitive ) Tj ET Q q 0 0 0 rg BT 206.74 742.25 Td (business ) Tj ET Q q 0 0 0 rg BT 244.66 742.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 282.00 742.25 Td (and ) Tj ET Q q 0 0 0 rg BT 300.48 742.25 Td (we ) Tj ET Q q 0 0 0 rg BT 314.49 742.25 Td (may ) Tj ET Q q 0 0 0 rg BT 335.17 742.25 Td (not ) Tj ET Q q 0 0 0 rg BT 351.41 742.25 Td (be ) Tj ET Q q 0 0 0 rg BT 363.76 742.25 Td (able ) Tj ET Q q 0 0 0 rg BT 383.89 742.25 Td (to ) Tj ET Q q 0 0 0 rg BT 394.57 742.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 433.59 742.25 Td (to ) Tj ET Q q 0 0 0 rg BT 444.27 742.25 Td (compete ) Tj ET Q q 0 0 0 rg BT 482.15 742.25 Td (successfully) Tj ET Q q 0 0 0 rg BT 531.60 742.25 Td (, ) Tj ET Q q 0 0 0 rg BT 536.45 742.25 Td (which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (could ) Tj ET Q q 0 0 0 rg BT 75.84 730.25 Td (have ) Tj ET Q q 0 0 0 rg BT 98.34 730.25 Td (a ) Tj ET Q q 0 0 0 rg BT 105.84 730.25 Td (material ) Tj ET Q q 0 0 0 rg BT 144.43 730.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 179.70 730.25 Td (effect ) Tj ET Q q 0 0 0 rg BT 205.51 730.25 Td (on ) Tj ET Q q 0 0 0 rg BT 218.57 730.25 Td (us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 706.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 706.25 Td (e ) Tj ET Q q 0 0 0 rg BT 102.36 706.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 135.06 706.25 Td (in ) Tj ET Q q 0 0 0 rg BT 146.12 706.25 Td (several ) Tj ET Q q 0 0 0 rg BT 177.72 706.25 Td (highly ) Tj ET Q q 0 0 0 rg BT 206.56 706.25 Td (competitive ) Tj ET Q q 0 0 0 rg BT 257.04 706.25 Td (business ) Tj ET Q q 0 0 0 rg BT 294.22 706.25 Td (segments ) Tj ET Q q 0 0 0 rg BT 334.72 706.25 Td (and ) Tj ET Q q 0 0 0 rg BT 352.44 706.25 Td (our ) Tj ET Q q 0 0 0 rg BT 369.05 706.25 Td (competitors ) Tj ET Q q 0 0 0 rg BT 419.54 706.25 Td (may ) Tj ET Q q 0 0 0 rg BT 440.04 706.25 Td (succeed ) Tj ET Q q 0 0 0 rg BT 474.96 706.25 Td (in ) Tj ET Q q 0 0 0 rg BT 486.02 706.25 Td (developing ) Tj ET Q q 0 0 0 rg BT 533.74 706.25 Td (new ) Tj ET Q q 0 0 0 rg BT 553.68 706.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 90.29 694.25 Td (products ) Tj ET Q q 0 0 0 rg BT 127.27 694.25 Td (that ) Tj ET Q q 0 0 0 rg BT 144.80 694.25 Td (are ) Tj ET Q q 0 0 0 rg BT 159.55 694.25 Td (better ) Tj ET Q q 0 0 0 rg BT 184.85 694.25 Td (than ) Tj ET Q q 0 0 0 rg BT 204.60 694.25 Td (ours, ) Tj ET Q q 0 0 0 rg BT 226.86 694.25 Td (may ) Tj ET Q q 0 0 0 rg BT 246.62 694.25 Td (be ) Tj ET Q q 0 0 0 rg BT 258.59 694.25 Td (more ) Tj ET Q q 0 0 0 rg BT 281.68 694.25 Td (successful ) Tj ET Q q 0 0 0 rg BT 325.32 694.25 Td (in ) Tj ET Q q 0 0 0 rg BT 335.63 694.25 Td (marketing ) Tj ET Q q 0 0 0 rg BT 378.71 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 395.69 694.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 424.89 694.25 Td (their ) Tj ET Q q 0 0 0 rg BT 445.76 694.25 Td (products ) Tj ET Q q 0 0 0 rg BT 482.73 694.25 Td (than ) Tj ET Q q 0 0 0 rg BT 502.49 694.25 Td (we ) Tj ET Q q 0 0 0 rg BT 516.69 694.25 Td (are, ) Tj ET Q q 0 0 0 rg BT 533.93 694.25 Td (or ) Tj ET Q q 0 0 0 rg BT 544.80 694.25 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (have ) Tj ET Q q 0 0 0 rg BT 71.21 682.25 Td (more ) Tj ET Q q 0 0 0 rg BT 94.08 682.25 Td (ef) Tj ET Q q 0 0 0 rg BT 101.67 682.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 131.20 682.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 160.20 682.25 Td (chain ) Tj ET Q q 0 0 0 rg BT 184.18 682.25 Td (capability ) Tj ET Q q 0 0 0 rg BT 225.94 682.25 Td (than ) Tj ET Q q 0 0 0 rg BT 245.49 682.25 Td (we ) Tj ET Q q 0 0 0 rg BT 259.48 682.25 Td (have. ) Tj ET Q q 0 0 0 rg BT 283.18 682.25 Td (Competitive ) Tj ET Q q 0 0 0 rg BT 334.95 682.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 364.49 682.25 Td (include ) Tj ET Q q 0 0 0 rg BT 396.25 682.25 Td (price, ) Tj ET Q q 0 0 0 rg BT 421.06 682.25 Td (service ) Tj ET Q q 0 0 0 rg BT 451.71 682.25 Td (level, ) Tj ET Q q 0 0 0 rg BT 475.97 682.25 Td (proximity ) Tj ET Q q 0 0 0 rg BT 517.74 682.25 Td (to ) Tj ET Q q 0 0 0 rg BT 527.85 682.25 Td (markets, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (access ) Tj ET Q q 0 0 0 rg BT 78.43 670.25 Td (to ) Tj ET Q q 0 0 0 rg BT 89.09 670.25 Td (transportation, ) Tj ET Q q 0 0 0 rg BT 150.02 670.25 Td (product ) Tj ET Q q 0 0 0 rg BT 183.46 670.25 Td (quality ) Tj ET Q q 0 0 0 rg BT 214.12 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 231.45 670.25 Td (marketing. ) Tj ET Q q 0 0 0 rg BT 277.38 670.25 Td (In ) Tj ET Q q 0 0 0 rg BT 288.59 670.25 Td (our ) Tj ET Q q 0 0 0 rg BT 304.81 670.25 Td (business ) Tj ET Q q 0 0 0 rg BT 341.59 670.25 Td (segments, ) Tj ET Q q 0 0 0 rg BT 384.20 670.25 Td (we ) Tj ET Q q 0 0 0 rg BT 398.75 670.25 Td (compete ) Tj ET Q q 0 0 0 rg BT 435.51 670.25 Td (with ) Tj ET Q q 0 0 0 rg BT 456.17 670.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 486.26 670.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 531.91 670.25 Td (that ) Tj ET Q q 0 0 0 rg BT 549.80 670.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (lar) Tj ET Q q 0 0 0 rg BT 60.37 658.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 75.94 658.25 Td (and ) Tj ET Q q 0 0 0 rg BT 93.18 658.25 Td (better ) Tj ET Q q 0 0 0 rg BT 118.75 658.25 Td (known ) Tj ET Q q 0 0 0 rg BT 148.77 658.25 Td (than ) Tj ET Q q 0 0 0 rg BT 168.79 658.25 Td (we ) Tj ET Q q 0 0 0 rg BT 183.25 658.25 Td (are ) Tj ET Q q 0 0 0 rg BT 198.26 658.25 Td (and ) Tj ET Q q 0 0 0 rg BT 215.50 658.25 Td (that ) Tj ET Q q 0 0 0 rg BT 233.30 658.25 Td (have ) Tj ET Q q 0 0 0 rg BT 254.98 658.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 285.54 658.25 Td (marketing, ) Tj ET Q q 0 0 0 rg BT 331.38 658.25 Td (financial, ) Tj ET Q q 0 0 0 rg BT 371.67 658.25 Td (personnel ) Tj ET Q q 0 0 0 rg BT 413.34 658.25 Td (and ) Tj ET Q q 0 0 0 rg BT 430.59 658.25 Td (other ) Tj ET Q q 0 0 0 rg BT 453.94 658.25 Td (resources ) Tj ET Q q 0 0 0 rg BT 494.50 658.25 Td (than ) Tj ET Q q 0 0 0 rg BT 514.52 658.25 Td (we ) Tj ET Q q 0 0 0 rg BT 528.98 658.25 Td (do. ) Tj ET Q q 0 0 0 rg BT 543.66 658.25 Td (As ) Tj ET Q q 0 0 0 rg BT 557.58 658.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (result, ) Tj ET Q q 0 0 0 rg BT 77.22 646.25 Td (we ) Tj ET Q q 0 0 0 rg BT 91.39 646.25 Td (may ) Tj ET Q q 0 0 0 rg BT 111.12 646.25 Td (not ) Tj ET Q q 0 0 0 rg BT 126.40 646.25 Td (be ) Tj ET Q q 0 0 0 rg BT 138.35 646.25 Td (able ) Tj ET Q q 0 0 0 rg BT 157.51 646.25 Td (to ) Tj ET Q q 0 0 0 rg BT 167.80 646.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 204.74 646.25 Td (to ) Tj ET Q q 0 0 0 rg BT 215.02 646.25 Td (compete ) Tj ET Q q 0 0 0 rg BT 251.40 646.25 Td (successfully ) Tj ET Q q 0 0 0 rg BT 302.79 646.25 Td (with ) Tj ET Q q 0 0 0 rg BT 323.07 646.25 Td (our ) Tj ET Q q 0 0 0 rg BT 338.91 646.25 Td (competitors, ) Tj ET Q q 0 0 0 rg BT 391.13 646.25 Td (which ) Tj ET Q q 0 0 0 rg BT 418.07 646.25 Td (could ) Tj ET Q q 0 0 0 rg BT 442.80 646.25 Td (have ) Tj ET Q q 0 0 0 rg BT 464.18 646.25 Td (a ) Tj ET Q q 0 0 0 rg BT 471.13 646.25 Td (material ) Tj ET Q q 0 0 0 rg BT 506.39 646.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 539.44 646.25 Td (ef) Tj ET Q q 0 0 0 rg BT 547.03 646.25 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (on ) Tj ET Q q 0 0 0 rg BT 62.50 634.25 Td (our ) Tj ET Q q 0 0 0 rg BT 78.33 634.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 117.22 634.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 154.70 634.25 Td (condition, ) Tj ET Q q 0 0 0 rg BT 197.48 634.25 Td (liquidity) Tj ET Q q 0 0 0 rg BT 230.72 634.25 Td (, ) Tj ET Q q 0 0 0 rg BT 235.72 634.25 Td (results ) Tj ET Q q 0 0 0 rg BT 264.33 634.25 Td (of ) Tj ET Q q 0 0 0 rg BT 275.16 634.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 319.31 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 336.25 634.25 Td (prospects.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (Our) Tj ET Q q 0 0 0 rg BT 67.60 610.25 Td ( ) Tj ET Q q 0 0 0 rg BT 69.79 610.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 110.05 610.25 Td (pr) Tj ET Q q 0 0 0 rg BT 119.87 610.25 Td (ofitability ) Tj ET Q q 0 0 0 rg BT 163.73 610.25 Td (and ) Tj ET Q q 0 0 0 rg BT 182.04 610.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 220.35 610.25 Td (may ) Tj ET Q q 0 0 0 rg BT 240.87 610.25 Td (be ) Tj ET Q q 0 0 0 rg BT 253.06 610.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 295.80 610.25 Td (affected ) Tj ET Q q 0 0 0 rg BT 331.85 610.25 Td (by ) Tj ET Q q 0 0 0 rg BT 344.60 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 360.12 610.25 Td (deterioration ) Tj ET Q q 0 0 0 rg BT 418.41 610.25 Td (in ) Tj ET Q q 0 0 0 rg BT 428.94 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 444.45 610.25 Td (cr) Tj ET Q q 0 0 0 rg BT 453.15 610.25 Td (edit ) Tj ET Q q 0 0 0 rg BT 471.45 610.25 Td (quality ) Tj ET Q q 0 0 0 rg BT 503.65 610.25 Td (of, ) Tj ET Q q 0 0 0 rg BT 516.67 610.25 Td (or) Tj ET Q q 0 0 0 rg BT 525.92 610.25 Td ( ) Tj ET Q q 0 0 0 rg BT 528.11 610.25 Td (defaults ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (by) Tj ET Q q 0 0 0 rg BT 60.01 598.25 Td (, ) Tj ET Q q 0 0 0 rg BT 65.01 598.25 Td (third ) Tj ET Q q 0 0 0 rg BT 89.18 598.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 121.12 598.25 Td (who ) Tj ET Q q 0 0 0 rg BT 141.40 598.25 Td (owe ) Tj ET Q q 0 0 0 rg BT 160.56 598.25 Td (us ) Tj ET Q q 0 0 0 rg BT 172.51 598.25 Td (money) Tj ET Q q 0 0 0 rg BT 200.29 598.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 574.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 574.25 Td (e ) Tj ET Q q 0 0 0 rg BT 103.47 574.25 Td (extend ) Tj ET Q q 0 0 0 rg BT 134.52 574.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 161.67 574.25 Td (to, ) Tj ET Q q 0 0 0 rg BT 176.35 574.25 Td (make ) Tj ET Q q 0 0 0 rg BT 202.39 574.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 227.90 574.25 Td (to ) Tj ET Q q 0 0 0 rg BT 240.07 574.25 Td (and ) Tj ET Q q 0 0 0 rg BT 258.90 574.25 Td (engage ) Tj ET Q q 0 0 0 rg BT 291.61 574.25 Td (in ) Tj ET Q q 0 0 0 rg BT 303.78 574.25 Td (other ) Tj ET Q q 0 0 0 rg BT 328.72 574.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 370.88 574.25 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 429.13 574.25 Td (with ) Tj ET Q q 0 0 0 rg BT 451.30 574.25 Td (individual ) Tj ET Q q 0 0 0 rg BT 496.25 574.25 Td (producers, ) Tj ET Q q 0 0 0 rg BT 542.57 574.25 Td (local ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (cooperatives ) Tj ET Q q 0 0 0 rg BT 102.89 562.25 Td (and ) Tj ET Q q 0 0 0 rg BT 119.69 562.25 Td (other ) Tj ET Q q 0 0 0 rg BT 142.59 562.25 Td (third ) Tj ET Q q 0 0 0 rg BT 163.84 562.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 192.85 562.25 Td (around ) Tj ET Q q 0 0 0 rg BT 222.98 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 237.55 562.25 Td (world.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 263.38 562.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.88 562.25 Td (When ) Tj ET Q q 0 0 0 rg BT 292.12 562.25 Td (we ) Tj ET Q q 0 0 0 rg BT 306.14 562.25 Td (do ) Tj ET Q q 0 0 0 rg BT 318.50 562.25 Td (so, ) Tj ET Q q 0 0 0 rg BT 332.25 562.25 Td (we ) Tj ET Q q 0 0 0 rg BT 346.26 562.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 369.17 562.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 394.29 562.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 411.65 562.25 Td (and ) Tj ET Q q 0 0 0 rg BT 428.45 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 443.02 562.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 460.38 562.25 Td (of ) Tj ET Q q 0 0 0 rg BT 471.07 562.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 497.32 562.25 Td (if ) Tj ET Q q 0 0 0 rg BT 505.79 562.25 Td (our ) Tj ET Q q 0 0 0 rg BT 521.47 562.25 Td (borrowers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.12 550.25 Td (others ) Tj ET Q q 0 0 0 rg BT 94.24 550.25 Td (to ) Tj ET Q q 0 0 0 rg BT 104.70 550.25 Td (which ) Tj ET Q q 0 0 0 rg BT 131.82 550.25 Td (we ) Tj ET Q q 0 0 0 rg BT 146.16 550.25 Td (extend ) Tj ET Q q 0 0 0 rg BT 175.50 550.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 200.95 550.25 Td (do ) Tj ET Q q 0 0 0 rg BT 213.63 550.25 Td (not ) Tj ET Q q 0 0 0 rg BT 229.09 550.25 Td (repay ) Tj ET Q q 0 0 0 rg BT 253.98 550.25 Td (their ) Tj ET Q q 0 0 0 rg BT 274.99 550.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 298.78 550.25 Td (or ) Tj ET Q q 0 0 0 rg BT 309.79 550.25 Td (perform ) Tj ET Q q 0 0 0 rg BT 344.68 550.25 Td (their ) Tj ET Q q 0 0 0 rg BT 365.69 550.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 412.81 550.25 Td (to ) Tj ET Q q 0 0 0 rg BT 423.27 550.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 440.39 550.25 Td (us ) Tj ET Q q 0 0 0 rg BT 451.97 550.25 Td (the ) Tj ET Q q 0 0 0 rg BT 466.87 550.25 Td (money ) Tj ET Q q 0 0 0 rg BT 496.76 550.25 Td (they ) Tj ET Q q 0 0 0 rg BT 516.66 550.25 Td (owe.) Tj ET Q q 0 0 0 rg BT 538.14 550.25 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 79.02 538.25 Td (may ) Tj ET Q q 0 0 0 rg BT 98.61 538.25 Td (default ) Tj ET Q q 0 0 0 rg BT 128.74 538.25 Td (on ) Tj ET Q q 0 0 0 rg BT 141.10 538.25 Td (their ) Tj ET Q q 0 0 0 rg BT 161.80 538.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 208.61 538.25 Td (to ) Tj ET Q q 0 0 0 rg BT 218.75 538.25 Td (us ) Tj ET Q q 0 0 0 rg BT 230.01 538.25 Td (due ) Tj ET Q q 0 0 0 rg BT 246.82 538.25 Td (to ) Tj ET Q q 0 0 0 rg BT 256.96 538.25 Td (bankruptcy) Tj ET Q q 0 0 0 rg BT 301.30 538.25 Td (, ) Tj ET Q q 0 0 0 rg BT 306.17 538.25 Td (lack ) Tj ET Q q 0 0 0 rg BT 325.19 538.25 Td (of ) Tj ET Q q 0 0 0 rg BT 335.89 538.25 Td (liquidity) Tj ET Q q 0 0 0 rg BT 369.13 538.25 Td (, ) Tj ET Q q 0 0 0 rg BT 374.00 538.25 Td (operational ) Tj ET Q q 0 0 0 rg BT 421.34 538.25 Td (failure ) Tj ET Q q 0 0 0 rg BT 449.80 538.25 Td (or ) Tj ET Q q 0 0 0 rg BT 460.50 538.25 Td (for ) Tj ET Q q 0 0 0 rg BT 474.53 538.25 Td (other ) Tj ET Q q 0 0 0 rg BT 497.44 538.25 Td (reasons.If ) Tj ET Q q 0 0 0 rg BT 541.46 538.25 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 109.33 526.25 Td (do ) Tj ET Q q 0 0 0 rg BT 122.01 526.25 Td (not ) Tj ET Q q 0 0 0 rg BT 137.48 526.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 154.61 526.25 Td (us ) Tj ET Q q 0 0 0 rg BT 166.18 526.25 Td (back, ) Tj ET Q q 0 0 0 rg BT 190.25 526.25 Td (such ) Tj ET Q q 0 0 0 rg BT 211.27 526.25 Td (that ) Tj ET Q q 0 0 0 rg BT 228.95 526.25 Td (we ) Tj ET Q q 0 0 0 rg BT 243.29 526.25 Td (experience ) Tj ET Q q 0 0 0 rg BT 289.28 526.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 334.18 526.25 Td (defaults ) Tj ET Q q 0 0 0 rg BT 368.52 526.25 Td (on ) Tj ET Q q 0 0 0 rg BT 381.21 526.25 Td (their ) Tj ET Q q 0 0 0 rg BT 402.22 526.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 439.34 526.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 486.47 526.25 Td (to ) Tj ET Q q 0 0 0 rg BT 496.94 526.25 Td (us, ) Tj ET Q q 0 0 0 rg BT 511.02 526.25 Td (our ) Tj ET Q q 0 0 0 rg BT 527.03 526.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (condition, ) Tj ET Q q 0 0 0 rg BT 92.77 514.25 Td (results ) Tj ET Q q 0 0 0 rg BT 121.38 514.25 Td (of ) Tj ET Q q 0 0 0 rg BT 132.21 514.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 176.37 514.25 Td (or ) Tj ET Q q 0 0 0 rg BT 187.20 514.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 207.47 514.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 232.19 514.25 Td (could ) Tj ET Q q 0 0 0 rg BT 256.90 514.25 Td (be ) Tj ET Q q 0 0 0 rg BT 268.84 514.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 311.88 514.25 Td (and ) Tj ET Q q 0 0 0 rg BT 328.82 514.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 369.63 514.25 Td (af) Tj ET Q q 0 0 0 rg BT 377.22 514.25 Td (fected.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 490.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 490.25 Td (e ) Tj ET Q q 0 0 0 rg BT 101.97 490.25 Td (are ) Tj ET Q q 0 0 0 rg BT 117.06 490.25 Td (also ) Tj ET Q q 0 0 0 rg BT 136.06 490.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 167.28 490.25 Td (to ) Tj ET Q q 0 0 0 rg BT 177.95 490.25 Td (the ) Tj ET Q q 0 0 0 rg BT 193.06 490.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 210.95 490.25 Td (that ) Tj ET Q q 0 0 0 rg BT 228.83 490.25 Td (our ) Tj ET Q q 0 0 0 rg BT 245.05 490.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 270.72 490.25 Td (against ) Tj ET Q q 0 0 0 rg BT 301.94 490.25 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 345.37 490.25 Td (and ) Tj ET Q q 0 0 0 rg BT 362.70 490.25 Td (other ) Tj ET Q q 0 0 0 rg BT 386.14 490.25 Td (third ) Tj ET Q q 0 0 0 rg BT 407.91 490.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 437.46 490.25 Td (that ) Tj ET Q q 0 0 0 rg BT 455.35 490.25 Td (owe ) Tj ET Q q 0 0 0 rg BT 474.90 490.25 Td (us ) Tj ET Q q 0 0 0 rg BT 486.68 490.25 Td (money ) Tj ET Q q 0 0 0 rg BT 516.79 490.25 Td (may ) Tj ET Q q 0 0 0 rg BT 536.89 490.25 Td (not ) Tj ET Q q 0 0 0 rg BT 552.56 490.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (enforceable ) Tj ET Q q 0 0 0 rg BT 99.48 478.25 Td (in ) Tj ET Q q 0 0 0 rg BT 110.10 478.25 Td (all ) Tj ET Q q 0 0 0 rg BT 122.94 478.25 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 184.92 478.25 Td (for ) Tj ET Q q 0 0 0 rg BT 199.43 478.25 Td (example ) Tj ET Q q 0 0 0 rg BT 236.14 478.25 Td (if ) Tj ET Q q 0 0 0 rg BT 245.10 478.25 Td (a ) Tj ET Q q 0 0 0 rg BT 252.38 478.25 Td (borrower ) Tj ET Q q 0 0 0 rg BT 291.87 478.25 Td (or ) Tj ET Q q 0 0 0 rg BT 303.05 478.25 Td (third ) Tj ET Q q 0 0 0 rg BT 324.78 478.25 Td (party ) Tj ET Q q 0 0 0 rg BT 348.17 478.25 Td (declares ) Tj ET Q q 0 0 0 rg BT 383.77 478.25 Td (bankruptcy) Tj ET Q q 0 0 0 rg BT 428.10 478.25 Td (.In ) Tj ET Q q 0 0 0 rg BT 444.28 478.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 482.40 478.25 Td (the ) Tj ET Q q 0 0 0 rg BT 497.46 478.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 523.06 478.25 Td (quality ) Tj ET Q q 0 0 0 rg BT 553.68 478.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 92.96 466.25 Td (and ) Tj ET Q q 0 0 0 rg BT 109.82 466.25 Td (other ) Tj ET Q q 0 0 0 rg BT 132.79 466.25 Td (third ) Tj ET Q q 0 0 0 rg BT 154.09 466.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 183.17 466.25 Td (whose ) Tj ET Q q 0 0 0 rg BT 211.14 466.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 258.00 466.25 Td (we ) Tj ET Q q 0 0 0 rg BT 272.08 466.25 Td (hold ) Tj ET Q q 0 0 0 rg BT 292.28 466.25 Td (could ) Tj ET Q q 0 0 0 rg BT 316.91 466.25 Td (deteriorate, ) Tj ET Q q 0 0 0 rg BT 364.58 466.25 Td (including ) Tj ET Q q 0 0 0 rg BT 404.78 466.25 Td (a ) Tj ET Q q 0 0 0 rg BT 411.63 466.25 Td (deterioration ) Tj ET Q q 0 0 0 rg BT 465.14 466.25 Td (in ) Tj ET Q q 0 0 0 rg BT 475.34 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 489.98 466.25 Td (value ) Tj ET Q q 0 0 0 rg BT 514.05 466.25 Td (of ) Tj ET Q q 0 0 0 rg BT 524.80 466.25 Td (collateral ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (posted ) Tj ET Q q 0 0 0 rg BT 78.46 454.25 Td (by ) Tj ET Q q 0 0 0 rg BT 90.81 454.25 Td (those ) Tj ET Q q 0 0 0 rg BT 114.27 454.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 143.27 454.25 Td (to ) Tj ET Q q 0 0 0 rg BT 153.40 454.25 Td (secure ) Tj ET Q q 0 0 0 rg BT 181.29 454.25 Td (their ) Tj ET Q q 0 0 0 rg BT 201.96 454.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 248.76 454.25 Td (to ) Tj ET Q q 0 0 0 rg BT 258.89 454.25 Td (us ) Tj ET Q q 0 0 0 rg BT 270.13 454.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 306.92 454.25 Td (to ) Tj ET Q q 0 0 0 rg BT 317.04 454.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 354.93 454.25 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 395.88 454.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 415.44 454.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 463.32 454.25 Td (or ) Tj ET Q q 0 0 0 rg BT 474.00 454.25 Td (other ) Tj ET Q q 0 0 0 rg BT 496.90 454.25 Td (contracts.If ) Tj ET Q q 0 0 0 rg BT 547.01 454.25 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (deterioration ) Tj ET Q q 0 0 0 rg BT 103.55 442.25 Td (occurs, ) Tj ET Q q 0 0 0 rg BT 134.60 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 149.28 442.25 Td (material ) Tj ET Q q 0 0 0 rg BT 184.50 442.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 217.49 442.25 Td (ef) Tj ET Q q 0 0 0 rg BT 225.08 442.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 246.42 442.25 Td (of ) Tj ET Q q 0 0 0 rg BT 257.20 442.25 Td (third ) Tj ET Q q 0 0 0 rg BT 278.55 442.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 307.66 442.25 Td (not ) Tj ET Q q 0 0 0 rg BT 322.90 442.25 Td (performing ) Tj ET Q q 0 0 0 rg BT 370.34 442.25 Td (their ) Tj ET Q q 0 0 0 rg BT 391.13 442.25 Td (repayment ) Tj ET Q q 0 0 0 rg BT 435.79 442.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 482.69 442.25 Td (may ) Tj ET Q q 0 0 0 rg BT 502.37 442.25 Td (be ) Tj ET Q q 0 0 0 rg BT 514.26 442.25 Td (exacerbated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (if ) Tj ET Q q 0 0 0 rg BT 58.94 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 73.99 430.25 Td (collateral ) Tj ET Q q 0 0 0 rg BT 114.02 430.25 Td (held ) Tj ET Q q 0 0 0 rg BT 134.06 430.25 Td (by ) Tj ET Q q 0 0 0 rg BT 146.89 430.25 Td (us ) Tj ET Q q 0 0 0 rg BT 158.62 430.25 Td (cannot ) Tj ET Q q 0 0 0 rg BT 188.10 430.25 Td (be ) Tj ET Q q 0 0 0 rg BT 200.37 430.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 234.84 430.25 Td (or ) Tj ET Q q 0 0 0 rg BT 246.01 430.25 Td (is ) Tj ET Q q 0 0 0 rg BT 255.51 430.25 Td (liquidated ) Tj ET Q q 0 0 0 rg BT 298.33 430.25 Td (at ) Tj ET Q q 0 0 0 rg BT 308.38 430.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 335.08 430.25 Td (not ) Tj ET Q q 0 0 0 rg BT 350.69 430.25 Td (suf) Tj ET Q q 0 0 0 rg BT 362.73 430.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 391.11 430.25 Td (to ) Tj ET Q q 0 0 0 rg BT 401.72 430.25 Td (recover ) Tj ET Q q 0 0 0 rg BT 434.52 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 449.57 430.25 Td (full ) Tj ET Q q 0 0 0 rg BT 466.29 430.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 499.12 430.25 Td (owed ) Tj ET Q q 0 0 0 rg BT 523.61 430.25 Td (to ) Tj ET Q q 0 0 0 rg BT 534.22 430.25 Td (us.For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (example, ) Tj ET Q q 0 0 0 rg BT 89.27 418.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 119.37 418.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 143.38 418.25 Td (and ) Tj ET Q q 0 0 0 rg BT 160.72 418.25 Td (other ) Tj ET Q q 0 0 0 rg BT 184.17 418.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 224.83 418.25 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 281.59 418.25 Td (we ) Tj ET Q q 0 0 0 rg BT 296.15 418.25 Td (undertake ) Tj ET Q q 0 0 0 rg BT 338.47 418.25 Td (with ) Tj ET Q q 0 0 0 rg BT 359.15 418.25 Td (agricultural ) Tj ET Q q 0 0 0 rg BT 408.14 418.25 Td (producers ) Tj ET Q q 0 0 0 rg BT 450.47 418.25 Td (are ) Tj ET Q q 0 0 0 rg BT 465.57 418.25 Td (typically ) Tj ET Q q 0 0 0 rg BT 503.46 418.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 536.90 418.25 Td (by ) Tj ET Q q 0 0 0 rg BT 549.80 418.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (counterparty) Tj ET Q q 0 0 0 rg BT 103.31 406.25 Td (s ) Tj ET Q q 0 0 0 rg BT 109.85 406.25 Td (crops ) Tj ET Q q 0 0 0 rg BT 134.16 406.25 Td (that ) Tj ET Q q 0 0 0 rg BT 151.80 406.25 Td (are ) Tj ET Q q 0 0 0 rg BT 166.65 406.25 Td (planted ) Tj ET Q q 0 0 0 rg BT 198.73 406.25 Td (in ) Tj ET Q q 0 0 0 rg BT 209.16 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 224.02 406.25 Td (current ) Tj ET Q q 0 0 0 rg BT 254.98 406.25 Td (year) Tj ET Q q 0 0 0 rg BT 271.64 406.25 Td (.) Tj ET Q q 0 0 0 rg BT 276.46 406.25 Td (There ) Tj ET Q q 0 0 0 rg BT 302.42 406.25 Td (is ) Tj ET Q q 0 0 0 rg BT 311.73 406.25 Td (a ) Tj ET Q q 0 0 0 rg BT 318.82 406.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 336.46 406.25 Td (that ) Tj ET Q q 0 0 0 rg BT 354.11 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 368.97 406.25 Td (value ) Tj ET Q q 0 0 0 rg BT 393.27 406.25 Td (of ) Tj ET Q q 0 0 0 rg BT 404.25 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 419.11 406.25 Td (crop ) Tj ET Q q 0 0 0 rg BT 439.53 406.25 Td (will ) Tj ET Q q 0 0 0 rg BT 457.73 406.25 Td (not ) Tj ET Q q 0 0 0 rg BT 473.15 406.25 Td (be ) Tj ET Q q 0 0 0 rg BT 485.24 406.25 Td (suf) Tj ET Q q 0 0 0 rg BT 497.28 406.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 525.47 406.25 Td (to ) Tj ET Q q 0 0 0 rg BT 535.89 406.25 Td (satisfy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.74 394.25 Td (counterparty) Tj ET Q q 0 0 0 rg BT 118.05 394.25 Td (s ) Tj ET Q q 0 0 0 rg BT 124.46 394.25 Td (repayment ) Tj ET Q q 0 0 0 rg BT 169.19 394.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 216.15 394.25 Td (under ) Tj ET Q q 0 0 0 rg BT 241.44 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 256.18 394.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 296.47 394.25 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 348.96 394.25 Td (as ) Tj ET Q q 0 0 0 rg BT 359.81 394.25 Td (a ) Tj ET Q q 0 0 0 rg BT 366.77 394.25 Td (result ) Tj ET Q q 0 0 0 rg BT 391.51 394.25 Td (of ) Tj ET Q q 0 0 0 rg BT 402.36 394.25 Td (weather) Tj ET Q q 0 0 0 rg BT 433.61 394.25 Td (, ) Tj ET Q q 0 0 0 rg BT 438.63 394.25 Td (crop ) Tj ET Q q 0 0 0 rg BT 458.92 394.25 Td (growing ) Tj ET Q q 0 0 0 rg BT 494.77 394.25 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 541.46 394.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 79.71 382.25 Td (that ) Tj ET Q q 0 0 0 rg BT 97.20 382.25 Td (influence ) Tj ET Q q 0 0 0 rg BT 136.90 382.25 Td (the ) Tj ET Q q 0 0 0 rg BT 151.62 382.25 Td (price, ) Tj ET Q q 0 0 0 rg BT 176.61 382.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 205.78 382.25 Td (and ) Tj ET Q q 0 0 0 rg BT 222.71 382.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 256.87 382.25 Td (for ) Tj ET Q q 0 0 0 rg BT 271.03 382.25 Td (agricultural ) Tj ET Q q 0 0 0 rg BT 319.62 382.25 Td (commodities ) Tj ET Q q 0 0 0 rg BT 373.78 382.25 Td (or ) Tj ET Q q 0 0 0 rg BT 384.61 382.25 Td (for ) Tj ET Q q 0 0 0 rg BT 398.77 382.25 Td (other ) Tj ET Q q 0 0 0 rg BT 421.82 382.25 Td (reasons.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 358.25 Td (In ) Tj ET Q q 0 0 0 rg BT 96.95 358.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 134.85 358.25 Td (disputes ) Tj ET Q q 0 0 0 rg BT 170.25 358.25 Td (may ) Tj ET Q q 0 0 0 rg BT 190.09 358.25 Td (arise ) Tj ET Q q 0 0 0 rg BT 211.59 358.25 Td (as ) Tj ET Q q 0 0 0 rg BT 222.54 358.25 Td (to ) Tj ET Q q 0 0 0 rg BT 232.94 358.25 Td (the ) Tj ET Q q 0 0 0 rg BT 247.78 358.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 280.39 358.25 Td (of ) Tj ET Q q 0 0 0 rg BT 291.35 358.25 Td (collateral ) Tj ET Q q 0 0 0 rg BT 331.17 358.25 Td (we ) Tj ET Q q 0 0 0 rg BT 345.45 358.25 Td (are ) Tj ET Q q 0 0 0 rg BT 360.28 358.25 Td (entitled ) Tj ET Q q 0 0 0 rg BT 392.89 358.25 Td (to ) Tj ET Q q 0 0 0 rg BT 403.29 358.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 434.77 358.25 Td (and ) Tj ET Q q 0 0 0 rg BT 451.83 358.25 Td (the ) Tj ET Q q 0 0 0 rg BT 466.67 358.25 Td (value ) Tj ET Q q 0 0 0 rg BT 490.95 358.25 Td (of ) Tj ET Q q 0 0 0 rg BT 501.90 358.25 Td (pledged ) Tj ET Q q 0 0 0 rg BT 536.18 358.25 Td (assets. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (The ) Tj ET Q q 0 0 0 rg BT 66.85 346.25 Td (termination ) Tj ET Q q 0 0 0 rg BT 114.25 346.25 Td (of ) Tj ET Q q 0 0 0 rg BT 123.89 346.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 161.28 346.25 Td (and ) Tj ET Q q 0 0 0 rg BT 177.03 346.25 Td (the ) Tj ET Q q 0 0 0 rg BT 190.55 346.25 Td (foreclosure ) Tj ET Q q 0 0 0 rg BT 236.83 346.25 Td (on ) Tj ET Q q 0 0 0 rg BT 248.13 346.25 Td (collateral ) Tj ET Q q 0 0 0 rg BT 286.63 346.25 Td (may ) Tj ET Q q 0 0 0 rg BT 305.15 346.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 334.78 346.25 Td (us ) Tj ET Q q 0 0 0 rg BT 344.98 346.25 Td (to ) Tj ET Q q 0 0 0 rg BT 354.06 346.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 381.46 346.25 Td (for ) Tj ET Q q 0 0 0 rg BT 394.43 346.25 Td (the ) Tj ET Q q 0 0 0 rg BT 407.95 346.25 Td (improper ) Tj ET Q q 0 0 0 rg BT 445.91 346.25 Td (exercise ) Tj ET Q q 0 0 0 rg BT 479.97 346.25 Td (of ) Tj ET Q q 0 0 0 rg BT 489.60 346.25 Td (our ) Tj ET Q q 0 0 0 rg BT 504.23 346.25 Td (rights.Default ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 73.55 334.25 Td (downgrades ) Tj ET Q q 0 0 0 rg BT 124.04 334.25 Td (and ) Tj ET Q q 0 0 0 rg BT 140.65 334.25 Td (disputes ) Tj ET Q q 0 0 0 rg BT 175.61 334.25 Td (with ) Tj ET Q q 0 0 0 rg BT 195.56 334.25 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 254.37 334.25 Td (as ) Tj ET Q q 0 0 0 rg BT 264.87 334.25 Td (to ) Tj ET Q q 0 0 0 rg BT 274.82 334.25 Td (the ) Tj ET Q q 0 0 0 rg BT 289.21 334.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 328.60 334.25 Td (of ) Tj ET Q q 0 0 0 rg BT 339.10 334.25 Td (collateral ) Tj ET Q q 0 0 0 rg BT 378.47 334.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 413.40 334.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 465.56 334.25 Td (in ) Tj ET Q q 0 0 0 rg BT 475.51 334.25 Td (times ) Tj ET Q q 0 0 0 rg BT 499.35 334.25 Td (of ) Tj ET Q q 0 0 0 rg BT 509.85 334.25 Td (market ) Tj ET Q q 0 0 0 rg BT 539.79 334.25 Td (stress ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 322.25 Td (illiquidity) Tj ET Q q 0 0 0 rg BT 105.74 322.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 298.25 Td (In respect of our lending activity) Tj ET Q q 0 0 0 rg BT 216.14 298.25 Td (, we evaluate the collectability of both commercial and producer loans on a specific ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (identification basis, based on the amount and quality of the collateral obtained, and record specific loan loss reserves when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (appropriate. Consistent with accounting principles generally accepted in the United States \("U.S. GAAP"\), a general reserve is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (also maintained based on historical loss experience and various qualitative factors.For other forms of credit, we establish ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (reserves as appropriate and consistent with U.S. GAAP) Tj ET Q q 0 0 0 rg BT 270.23 250.25 Td (. ) Tj ET Q q 0 0 0 rg BT 275.05 250.25 Td (The reserves represent our best estimate based upon current facts and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (circumstances. Future developments or changes in assumptions may cause us to record adjustments to the reserves which could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (materially and adversely af) Tj ET Q q 0 0 0 rg BT 158.38 226.25 Td (fect our results of operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (Changes ) Tj ET Q q 0 0 0 rg BT 87.95 202.25 Td (in ) Tj ET Q q 0 0 0 rg BT 97.56 202.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 128.82 202.25 Td (income ) Tj ET Q q 0 0 0 rg BT 160.63 202.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 175.24 202.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 195.40 202.25 Td (or) Tj ET Q q 0 0 0 rg BT 204.66 202.25 Td ( ) Tj ET Q q 0 0 0 rg BT 205.93 202.25 Td (in ) Tj ET Q q 0 0 0 rg BT 215.54 202.25 Td (our) Tj ET Q q 0 0 0 rg BT 230.36 202.25 Td ( ) Tj ET Q q 0 0 0 rg BT 231.63 202.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 246.24 202.25 Td (status ) Tj ET Q q 0 0 0 rg BT 272.51 202.25 Td (could ) Tj ET Q q 0 0 0 rg BT 297.12 202.25 Td (incr) Tj ET Q q 0 0 0 rg BT 314.16 202.25 Td (ease ) Tj ET Q q 0 0 0 rg BT 333.20 202.25 Td (our) Tj ET Q q 0 0 0 rg BT 348.02 202.25 Td ( ) Tj ET Q q 0 0 0 rg BT 349.29 202.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 363.89 202.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 397.95 202.25 Td (and ) Tj ET Q q 0 0 0 rg BT 415.34 202.25 Td (r) Tj ET Q q 0 0 0 rg BT 419.60 202.25 Td (educe ) Tj ET Q q 0 0 0 rg BT 445.31 202.25 Td (our) Tj ET Q q 0 0 0 rg BT 460.13 202.25 Td ( ) Tj ET Q q 0 0 0 rg BT 461.40 202.25 Td (net ) Tj ET Q q 0 0 0 rg BT 476.01 202.25 Td (income ) Tj ET Q q 0 0 0 rg BT 507.82 202.25 Td (significantly) Tj ET Q q 0 0 0 rg BT 559.50 202.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 178.25 Td (At ) Tj ET Q q 0 0 0 rg BT 100.06 178.25 Td (this ) Tj ET Q q 0 0 0 rg BT 118.57 178.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 142.91 178.25 Td (it ) Tj ET Q q 0 0 0 rg BT 152.52 178.25 Td (is ) Tj ET Q q 0 0 0 rg BT 163.26 178.25 Td (unclear ) Tj ET Q q 0 0 0 rg BT 196.74 178.25 Td (what ) Tj ET Q q 0 0 0 rg BT 220.24 178.25 Td (changes, ) Tj ET Q q 0 0 0 rg BT 259.01 178.25 Td (if ) Tj ET Q q 0 0 0 rg BT 269.18 178.25 Td (any) Tj ET Q q 0 0 0 rg BT 282.97 178.25 Td (, ) Tj ET Q q 0 0 0 rg BT 289.53 178.25 Td (will ) Tj ET Q q 0 0 0 rg BT 309.15 178.25 Td (be ) Tj ET Q q 0 0 0 rg BT 322.65 178.25 Td (made ) Tj ET Q q 0 0 0 rg BT 348.37 178.25 Td (to ) Tj ET Q q 0 0 0 rg BT 360.21 178.25 Td (current ) Tj ET Q q 0 0 0 rg BT 392.58 178.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 424.40 178.25 Td (income ) Tj ET Q q 0 0 0 rg BT 457.89 178.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 474.17 178.25 Td (laws, ) Tj ET Q q 0 0 0 rg BT 499.06 178.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 547.56 178.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 110.39 166.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 151.33 166.25 Td (the ) Tj ET Q q 0 0 0 rg BT 166.17 166.25 Td (taxation ) Tj ET Q q 0 0 0 rg BT 201.01 166.25 Td (of ) Tj ET Q q 0 0 0 rg BT 211.97 166.25 Td (cooperatives, ) Tj ET Q q 0 0 0 rg BT 267.63 166.25 Td (which ) Tj ET Q q 0 0 0 rg BT 294.69 166.25 Td (allow ) Tj ET Q q 0 0 0 rg BT 319.54 166.25 Td (us ) Tj ET Q q 0 0 0 rg BT 331.05 166.25 Td (to ) Tj ET Q q 0 0 0 rg BT 341.46 166.25 Td (exclude ) Tj ET Q q 0 0 0 rg BT 375.18 166.25 Td (income ) Tj ET Q q 0 0 0 rg BT 407.24 166.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 448.73 166.25 Td (through ) Tj ET Q q 0 0 0 rg BT 482.47 166.25 Td (business ) Tj ET Q q 0 0 0 rg BT 518.98 166.25 Td (with ) Tj ET Q q 0 0 0 rg BT 539.39 166.25 Td (or ) Tj ET Q q 0 0 0 rg BT 550.35 166.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (a ) Tj ET Q q 0 0 0 rg BT 56.91 154.25 Td (member ) Tj ET Q q 0 0 0 rg BT 92.15 154.25 Td (\(patronage ) Tj ET Q q 0 0 0 rg BT 137.37 154.25 Td (income\) ) Tj ET Q q 0 0 0 rg BT 172.61 154.25 Td (from ) Tj ET Q q 0 0 0 rg BT 194.52 154.25 Td (our ) Tj ET Q q 0 0 0 rg BT 210.32 154.25 Td (taxable ) Tj ET Q q 0 0 0 rg BT 241.67 154.25 Td (income. ) Tj ET Q q 0 0 0 rg BT 276.07 154.25 Td (If ) Tj ET Q q 0 0 0 rg BT 285.20 154.25 Td (any ) Tj ET Q q 0 0 0 rg BT 302.11 154.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 336.79 154.25 Td (are ) Tj ET Q q 0 0 0 rg BT 351.47 154.25 Td (made ) Tj ET Q q 0 0 0 rg BT 375.60 154.25 Td (to ) Tj ET Q q 0 0 0 rg BT 385.85 154.25 Td (such ) Tj ET Q q 0 0 0 rg BT 406.65 154.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 436.88 154.25 Td (income ) Tj ET Q q 0 0 0 rg BT 468.78 154.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 483.47 154.25 Td (laws, ) Tj ET Q q 0 0 0 rg BT 506.78 154.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 553.68 154.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (interpretations, ) Tj ET Q q 0 0 0 rg BT 112.85 142.25 Td (or ) Tj ET Q q 0 0 0 rg BT 123.77 142.25 Td (if ) Tj ET Q q 0 0 0 rg BT 132.47 142.25 Td (in ) Tj ET Q q 0 0 0 rg BT 142.84 142.25 Td (the ) Tj ET Q q 0 0 0 rg BT 157.64 142.25 Td (future ) Tj ET Q q 0 0 0 rg BT 184.11 142.25 Td (we ) Tj ET Q q 0 0 0 rg BT 198.36 142.25 Td (were ) Tj ET Q q 0 0 0 rg BT 220.38 142.25 Td (not ) Tj ET Q q 0 0 0 rg BT 235.75 142.25 Td (eligible ) Tj ET Q q 0 0 0 rg BT 268.33 142.25 Td (to ) Tj ET Q q 0 0 0 rg BT 278.70 142.25 Td (be ) Tj ET Q q 0 0 0 rg BT 290.73 142.25 Td (taxed ) Tj ET Q q 0 0 0 rg BT 314.97 142.25 Td (as ) Tj ET Q q 0 0 0 rg BT 325.89 142.25 Td (a ) Tj ET Q q 0 0 0 rg BT 332.92 142.25 Td (cooperative, ) Tj ET Q q 0 0 0 rg BT 384.65 142.25 Td (our ) Tj ET Q q 0 0 0 rg BT 400.57 142.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 415.38 142.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 449.08 142.25 Td (would ) Tj ET Q q 0 0 0 rg BT 476.67 142.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 529.25 142.25 Td (increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 130.25 Td (our ) Tj ET Q q 0 0 0 rg BT 82.77 130.25 Td (net ) Tj ET Q q 0 0 0 rg BT 97.49 130.25 Td (income ) Tj ET Q q 0 0 0 rg BT 129.42 130.25 Td (would ) Tj ET Q q 0 0 0 rg BT 156.92 130.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 209.41 130.25 Td (decrease.) Tj ET Q endstream endobj 31 0 obj <>] /Rotate 0 /Contents 32 0 R>> endobj 32 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (12) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (W) Tj ET Q q 0 0 0 rg BT 59.45 742.25 Td (e ) Tj ET Q q 0 0 0 rg BT 66.64 742.25 Td (incur) Tj ET Q q 0 0 0 rg BT 89.23 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 91.99 742.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 139.18 742.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 162.49 742.25 Td (in ) Tj ET Q q 0 0 0 rg BT 173.58 742.25 Td (complying ) Tj ET Q q 0 0 0 rg BT 220.78 742.25 Td (with ) Tj ET Q q 0 0 0 rg BT 242.42 742.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 289.06 742.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 310.71 742.25 Td (and ) Tj ET Q q 0 0 0 rg BT 329.58 742.25 Td (r) Tj ET Q q 0 0 0 rg BT 333.84 742.25 Td (egulations. ) Tj ET Q q 0 0 0 rg BT 381.82 742.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 402.35 742.25 Td (failur) Tj ET Q q 0 0 0 rg BT 426.06 742.25 Td (e ) Tj ET Q q 0 0 0 rg BT 433.25 742.25 Td (to ) Tj ET Q q 0 0 0 rg BT 444.33 742.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 478.19 742.25 Td (with ) Tj ET Q q 0 0 0 rg BT 499.83 742.25 Td (these ) Tj ET Q q 0 0 0 rg BT 524.24 742.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 545.88 742.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (r) Tj ET Q q 0 0 0 rg BT 54.26 730.25 Td (egulations, ) Tj ET Q q 0 0 0 rg BT 102.85 730.25 Td (or) Tj ET Q q 0 0 0 rg BT 112.11 730.25 Td ( ) Tj ET Q q 0 0 0 rg BT 114.87 730.25 Td (make ) Tj ET Q q 0 0 0 rg BT 140.95 730.25 Td (the ) Tj ET Q q 0 0 0 rg BT 157.04 730.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 188.68 730.25 Td (or) Tj ET Q q 0 0 0 rg BT 197.94 730.25 Td ( ) Tj ET Q q 0 0 0 rg BT 200.69 730.25 Td (other) Tj ET Q q 0 0 0 rg BT 223.28 730.25 Td ( ) Tj ET Q q 0 0 0 rg BT 226.04 730.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 279.34 730.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 323.20 730.25 Td (to ) Tj ET Q q 0 0 0 rg BT 334.28 730.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 368.15 730.25 Td (with ) Tj ET Q q 0 0 0 rg BT 389.79 730.25 Td (these ) Tj ET Q q 0 0 0 rg BT 414.21 730.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 435.86 730.25 Td (and ) Tj ET Q q 0 0 0 rg BT 454.73 730.25 Td (r) Tj ET Q q 0 0 0 rg BT 458.99 730.25 Td (egulations, ) Tj ET Q q 0 0 0 rg BT 507.59 730.25 Td (could ) Tj ET Q q 0 0 0 rg BT 533.68 730.25 Td (expose ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (us ) Tj ET Q q 0 0 0 rg BT 61.95 718.25 Td (to ) Tj ET Q q 0 0 0 rg BT 72.78 718.25 Td (unanticipated ) Tj ET Q q 0 0 0 rg BT 134.18 718.25 Td (expenditur) Tj ET Q q 0 0 0 rg BT 180.67 718.25 Td (es ) Tj ET Q q 0 0 0 rg BT 191.50 718.25 Td (and ) Tj ET Q q 0 0 0 rg BT 210.13 718.25 Td (liabilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 694.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 694.25 Td (e ) Tj ET Q q 0 0 0 rg BT 100.78 694.25 Td (are ) Tj ET Q q 0 0 0 rg BT 114.69 694.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 144.72 694.25 Td (to ) Tj ET Q q 0 0 0 rg BT 154.20 694.25 Td (numerous ) Tj ET Q q 0 0 0 rg BT 195.35 694.25 Td (federal, ) Tj ET Q q 0 0 0 rg BT 227.30 694.25 Td (state ) Tj ET Q q 0 0 0 rg BT 247.33 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 263.48 694.25 Td (local ) Tj ET Q q 0 0 0 rg BT 284.61 694.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 327.99 694.25 Td (regulating ) Tj ET Q q 0 0 0 rg BT 370.23 694.25 Td (our ) Tj ET Q q 0 0 0 rg BT 385.27 694.25 Td (business ) Tj ET Q q 0 0 0 rg BT 420.86 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 437.01 694.25 Td (operations. ) Tj ET Q q 0 0 0 rg BT 482.74 694.25 Td (W) Tj ET Q q 0 0 0 rg BT 491.38 694.25 Td (e ) Tj ET Q q 0 0 0 rg BT 497.52 694.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 519.77 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 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Td (However) Tj ET Q q 0 0 0 rg BT 115.71 526.25 Td (, ) Tj ET Q q 0 0 0 rg BT 121.29 526.25 Td (these ) Tj ET Q q 0 0 0 rg BT 144.91 526.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 180.74 526.25 Td (may ) Tj ET Q q 0 0 0 rg BT 201.03 526.25 Td (prove ) Tj ET Q q 0 0 0 rg BT 226.87 526.25 Td (inadequate ) Tj ET Q q 0 0 0 rg BT 273.25 526.25 Td (to ) Tj ET Q q 0 0 0 rg BT 284.10 526.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 306.61 526.25 Td (our ) Tj ET Q q 0 0 0 rg BT 323.01 526.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 349.96 526.25 Td (liability) Tj ET Q q 0 0 0 rg BT 380.42 526.25 Td (. ) Tj ET Q q 0 0 0 rg BT 385.99 526.25 Td (Moreover) Tj ET Q q 0 0 0 rg BT 425.02 526.25 Td (, ) Tj ET Q q 0 0 0 rg BT 430.59 526.25 Td (amended, ) Tj ET Q q 0 0 0 rg BT 472.26 526.25 Td (new ) Tj ET Q q 0 0 0 rg BT 491.99 526.25 Td (or ) Tj ET Q q 0 0 0 rg BT 503.39 526.25 Td (more ) Tj ET Q q 0 0 0 rg BT 527.01 526.25 Td (stringent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 106.53 514.25 Td (stricter ) Tj ET Q q 0 0 0 rg BT 136.13 514.25 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 195.71 514.25 Td (of ) Tj ET Q q 0 0 0 rg BT 205.88 514.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 239.37 514.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 293.40 514.25 Td (or ) Tj ET Q q 0 0 0 rg BT 303.56 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 317.61 514.25 Td (future ) Tj ET Q q 0 0 0 rg BT 343.32 514.25 Td (discovery ) Tj ET Q q 0 0 0 rg BT 384.02 514.25 Td (of ) Tj ET Q q 0 0 0 rg BT 394.18 514.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 432.11 514.25 Td (unknown ) Tj ET Q q 0 0 0 rg BT 471.16 514.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 519.08 514.25 Td (issues ) Tj ET Q q 0 0 0 rg BT 544.80 514.25 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (require ) Tj ET Q q 0 0 0 rg BT 81.06 502.25 Td (us ) Tj ET Q q 0 0 0 rg BT 92.70 502.25 Td (to ) Tj ET Q q 0 0 0 rg BT 103.22 502.25 Td (make ) Tj ET Q q 0 0 0 rg BT 127.62 502.25 Td (material ) Tj ET Q q 0 0 0 rg BT 163.13 502.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 216.97 502.25 Td (or ) Tj ET Q q 0 0 0 rg BT 228.04 502.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 259.11 502.25 Td (us ) Tj ET Q q 0 0 0 rg BT 270.75 502.25 Td (to ) Tj ET Q q 0 0 0 rg BT 281.27 502.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 321.24 502.25 Td (that ) Tj ET Q q 0 0 0 rg BT 338.98 502.25 Td (we ) Tj ET Q q 0 0 0 rg BT 353.38 502.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 392.22 502.25 Td (do ) Tj ET Q q 0 0 0 rg BT 404.97 502.25 Td (not ) Tj ET Q q 0 0 0 rg BT 420.49 502.25 Td (anticipate. ) Tj ET Q q 0 0 0 rg BT 464.60 502.25 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 519.84 502.25 Td (our ) Tj ET Q q 0 0 0 rg BT 535.91 502.25 Td (failure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.36 490.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 92.93 490.25 Td (with ) Tj ET Q q 0 0 0 rg BT 113.28 490.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 156.95 490.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 177.86 490.25 Td (and ) Tj ET Q q 0 0 0 rg BT 194.87 490.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 241.88 490.25 Td (could ) Tj ET Q q 0 0 0 rg BT 266.68 490.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 297.58 490.25 Td (us ) Tj ET Q q 0 0 0 rg BT 309.05 490.25 Td (to ) Tj ET Q q 0 0 0 rg BT 319.40 490.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 379.19 490.25 Td (penalties ) Tj ET Q q 0 0 0 rg BT 417.31 490.25 Td (and ) Tj ET Q q 0 0 0 rg BT 434.32 490.25 Td (injunctive ) Tj ET Q q 0 0 0 rg BT 476.89 490.25 Td (relief, ) Tj ET Q q 0 0 0 rg BT 503.06 490.25 Td (civil ) Tj ET Q q 0 0 0 rg BT 523.41 490.25 Td (remedies, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (including ) Tj ET Q q 0 0 0 rg BT 90.06 478.25 Td (fines ) Tj ET Q q 0 0 0 rg BT 111.79 478.25 Td (and ) Tj ET Q q 0 0 0 rg BT 128.52 478.25 Td (injunctions, ) Tj ET Q q 0 0 0 rg BT 177.76 478.25 Td (and ) Tj ET Q q 0 0 0 rg BT 194.49 478.25 Td (recalls ) Tj ET Q q 0 0 0 rg BT 222.88 478.25 Td (of ) Tj ET Q q 0 0 0 rg BT 233.50 478.25 Td (our ) Tj ET Q q 0 0 0 rg BT 249.12 478.25 Td (products. ) Tj ET Q q 0 0 0 rg BT 288.35 478.25 Td (For ) Tj ET Q q 0 0 0 rg BT 304.53 478.25 Td (example, ) Tj ET Q q 0 0 0 rg BT 343.19 478.25 Td (we ) Tj ET Q q 0 0 0 rg BT 357.15 478.25 Td (regularly ) Tj ET Q q 0 0 0 rg BT 395.53 478.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 432.81 478.25 Td (hedges ) Tj ET Q q 0 0 0 rg BT 462.87 478.25 Td (to ) Tj ET Q q 0 0 0 rg BT 472.94 478.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 506.33 478.25 Td (the ) Tj ET Q q 0 0 0 rg BT 520.84 478.25 Td (price ) Tj ET Q q 0 0 0 rg BT 543.11 478.25 Td (risks ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 93.55 466.25 Td (with ) Tj ET Q q 0 0 0 rg BT 113.79 466.25 Td (our ) Tj ET Q q 0 0 0 rg BT 129.58 466.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 179.23 466.25 Td (operations. ) Tj ET Q q 0 0 0 rg BT 225.67 466.25 Td (These ) Tj ET Q q 0 0 0 rg BT 252.00 466.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 302.23 466.25 Td (typically ) Tj ET Q q 0 0 0 rg BT 339.68 466.25 Td (take ) Tj ET Q q 0 0 0 rg BT 358.79 466.25 Td (place ) Tj ET Q q 0 0 0 rg BT 382.34 466.25 Td (on ) Tj ET Q q 0 0 0 rg BT 394.80 466.25 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 438.90 466.25 Td (such ) Tj ET Q q 0 0 0 rg BT 459.69 466.25 Td (as ) Tj ET Q q 0 0 0 rg BT 470.48 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 485.16 466.25 Td (CME. ) Tj ET Q q 0 0 0 rg BT 511.79 466.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 529.80 466.25 Td (hedging ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 100.86 454.25 Td (and ) Tj ET Q q 0 0 0 rg BT 118.39 454.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 157.58 454.25 Td (are ) Tj ET Q q 0 0 0 rg BT 172.88 454.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 204.29 454.25 Td (to ) Tj ET Q q 0 0 0 rg BT 215.17 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 230.47 454.25 Td (rules ) Tj ET Q q 0 0 0 rg BT 253.00 454.25 Td (and ) Tj ET Q q 0 0 0 rg BT 270.54 454.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 318.06 454.25 Td (of ) Tj ET Q q 0 0 0 rg BT 329.48 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 344.79 454.25 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 389.53 454.25 Td (we ) Tj ET Q q 0 0 0 rg BT 404.28 454.25 Td (use, ) Tj ET Q q 0 0 0 rg BT 423.21 454.25 Td (including ) Tj ET Q q 0 0 0 rg BT 464.07 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 479.38 454.25 Td (CME, ) Tj ET Q q 0 0 0 rg BT 506.64 454.25 Td (as ) Tj ET Q q 0 0 0 rg BT 518.06 454.25 Td (well ) Tj ET Q q 0 0 0 rg BT 538.37 454.25 Td (as ) Tj ET Q q 0 0 0 rg BT 549.80 454.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (CFTC. ) Tj ET Q q 0 0 0 rg BT 81.29 442.25 Td (All ) Tj ET Q q 0 0 0 rg BT 98.93 442.25 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 145.43 442.25 Td (have ) Tj ET Q q 0 0 0 rg BT 169.16 442.25 Td (broad ) Tj ET Q q 0 0 0 rg BT 196.78 442.25 Td (powers ) Tj ET Q q 0 0 0 rg BT 230.52 442.25 Td (to ) Tj ET Q q 0 0 0 rg BT 243.15 442.25 Td (review ) Tj ET Q q 0 0 0 rg BT 275.21 442.25 Td (required ) Tj ET Q q 0 0 0 rg BT 313.38 442.25 Td (records, ) Tj ET Q q 0 0 0 rg BT 350.16 442.25 Td (investigate ) Tj ET Q q 0 0 0 rg BT 398.34 442.25 Td (and ) Tj ET Q q 0 0 0 rg BT 417.63 442.25 Td (enforce ) Tj ET Q q 0 0 0 rg BT 452.46 442.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 503.41 442.25 Td (and ) Tj ET Q q 0 0 0 rg BT 522.70 442.25 Td (to ) Tj ET Q q 0 0 0 rg BT 535.33 442.25 Td (punish ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (noncompliance ) Tj ET Q q 0 0 0 rg BT 112.39 430.25 Td (by ) Tj ET Q q 0 0 0 rg BT 123.69 430.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 153.87 430.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 183.50 430.25 Td (to ) Tj ET Q q 0 0 0 rg BT 192.58 430.25 Td (their ) Tj ET Q q 0 0 0 rg BT 212.21 430.25 Td (jurisdiction. ) Tj ET Q q 0 0 0 rg BT 261.47 430.25 Td (The ) Tj ET Q q 0 0 0 rg BT 278.31 430.25 Td (failure ) Tj ET Q q 0 0 0 rg BT 305.71 430.25 Td (to ) Tj ET Q q 0 0 0 rg BT 314.79 430.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 346.08 430.25 Td (with ) Tj ET Q q 0 0 0 rg BT 365.16 430.25 Td (such ) Tj ET Q q 0 0 0 rg BT 384.80 430.25 Td (rules ) Tj ET Q q 0 0 0 rg BT 405.54 430.25 Td (and ) Tj ET Q q 0 0 0 rg BT 421.28 430.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 467.01 430.25 Td (could ) Tj ET Q q 0 0 0 rg BT 490.53 430.25 Td (lead ) Tj ET Q q 0 0 0 rg BT 508.48 430.25 Td (to ) Tj ET Q q 0 0 0 rg BT 517.56 430.25 Td (restrictions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (on ) Tj ET Q q 0 0 0 rg BT 62.47 418.25 Td (our ) Tj ET Q q 0 0 0 rg BT 78.27 418.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 109.06 418.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 147.63 418.25 Td (or ) Tj ET Q q 0 0 0 rg BT 158.43 418.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 189.23 418.25 Td (us ) Tj ET Q q 0 0 0 rg BT 200.59 418.25 Td (to ) Tj ET Q q 0 0 0 rg BT 210.84 418.25 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 263.28 418.25 Td (action ) Tj ET Q q 0 0 0 rg BT 290.18 418.25 Td (by ) Tj ET Q q 0 0 0 rg BT 302.65 418.25 Td (the ) Tj ET Q q 0 0 0 rg BT 317.34 418.25 Td (CFTC ) Tj ET Q q 0 0 0 rg BT 344.82 418.25 Td (or ) Tj ET Q q 0 0 0 rg BT 355.62 418.25 Td (a ) Tj ET Q q 0 0 0 rg BT 362.52 418.25 Td (disciplinary ) Tj ET Q q 0 0 0 rg BT 412.21 418.25 Td (action ) Tj ET Q q 0 0 0 rg BT 439.11 418.25 Td (by ) Tj ET Q q 0 0 0 rg BT 451.58 418.25 Td (the ) Tj ET Q q 0 0 0 rg BT 466.27 418.25 Td (exchanges, ) Tj ET Q q 0 0 0 rg BT 512.88 418.25 Td (which ) Tj ET Q q 0 0 0 rg BT 539.79 418.25 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (lead ) Tj ET Q q 0 0 0 rg BT 69.75 406.25 Td (to ) Tj ET Q q 0 0 0 rg BT 80.63 406.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 126.50 406.25 Td (sanctions. ) Tj ET Q q 0 0 0 rg BT 169.31 406.25 Td (In ) Tj ET Q q 0 0 0 rg BT 180.74 406.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 219.11 406.25 Td (any ) Tj ET Q q 0 0 0 rg BT 236.65 406.25 Td (investigation ) Tj ET Q q 0 0 0 rg BT 291.40 406.25 Td (or ) Tj ET Q q 0 0 0 rg BT 302.83 406.25 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 350.35 406.25 Td (by ) Tj ET Q q 0 0 0 rg BT 363.45 406.25 Td (an ) Tj ET Q q 0 0 0 rg BT 375.98 406.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 416.84 406.25 Td (or ) Tj ET Q q 0 0 0 rg BT 428.26 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 443.58 406.25 Td (CFTC, ) Tj ET Q q 0 0 0 rg BT 474.18 406.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 509.49 406.25 Td (successful ) Tj ET Q q 0 0 0 rg BT 553.68 406.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (unsuccessful, ) Tj ET Q q 0 0 0 rg BT 106.11 394.25 Td (could ) Tj ET Q q 0 0 0 rg BT 130.84 394.25 Td (result ) Tj ET Q q 0 0 0 rg BT 155.57 394.25 Td (in ) Tj ET Q q 0 0 0 rg BT 165.86 394.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 211.14 394.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 236.15 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 250.88 394.25 Td (diversion ) Tj ET Q q 0 0 0 rg BT 290.61 394.25 Td (of ) Tj ET Q q 0 0 0 rg BT 301.45 394.25 Td (resources, ) Tj ET Q q 0 0 0 rg BT 344.22 394.25 Td (including ) Tj ET Q q 0 0 0 rg BT 384.50 394.25 Td (management ) Tj ET Q q 0 0 0 rg BT 438.10 394.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 460.89 394.25 Td (and ) Tj ET Q q 0 0 0 rg BT 477.84 394.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 515.34 394.25 Td (harm ) Tj ET Q q 0 0 0 rg BT 538.40 394.25 Td (to ) Tj ET Q q 0 0 0 rg BT 548.69 394.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (reputation, ) Tj ET Q q 0 0 0 rg BT 95.71 382.25 Td (all ) Tj ET Q q 0 0 0 rg BT 108.37 382.25 Td (of ) Tj ET Q q 0 0 0 rg BT 119.37 382.25 Td (which, ) Tj ET Q q 0 0 0 rg BT 148.97 382.25 Td (could ) Tj ET Q q 0 0 0 rg BT 173.85 382.25 Td (have ) Tj ET Q q 0 0 0 rg BT 195.40 382.25 Td (a ) Tj ET Q q 0 0 0 rg BT 202.50 382.25 Td (material ) Tj ET Q q 0 0 0 rg BT 237.92 382.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 271.13 382.25 Td (ef) Tj ET Q q 0 0 0 rg BT 278.72 382.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 296.37 382.25 Td (on ) Tj ET Q q 0 0 0 rg BT 309.03 382.25 Td (our ) Tj ET Q q 0 0 0 rg BT 325.03 382.25 Td (business ) Tj ET Q q 0 0 0 rg BT 361.59 382.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 399.23 382.25 Td (condition, ) Tj ET Q q 0 0 0 rg BT 442.17 382.25 Td (liquidity) Tj ET Q q 0 0 0 rg BT 475.42 382.25 Td (, ) Tj ET Q q 0 0 0 rg BT 480.58 382.25 Td (results ) Tj ET Q q 0 0 0 rg BT 509.36 382.25 Td (of ) Tj ET Q q 0 0 0 rg BT 520.35 382.25 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 370.25 Td (prospects. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (W) Tj ET Q q 0 0 0 rg BT 59.45 346.25 Td (e ) Tj ET Q q 0 0 0 rg BT 67.22 346.25 Td (ar) Tj ET Q q 0 0 0 rg BT 76.47 346.25 Td (e ) Tj ET Q q 0 0 0 rg BT 84.24 346.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 118.12 346.25 Td (to ) Tj ET Q q 0 0 0 rg BT 129.78 346.25 Td (the ) Tj ET Q q 0 0 0 rg BT 146.44 346.25 Td (For) Tj ET Q q 0 0 0 rg BT 161.81 346.25 Td (eign ) Tj ET Q q 0 0 0 rg BT 182.91 346.25 Td (Corrupt ) Tj ET Q q 0 0 0 rg BT 221.79 346.25 Td (Practices ) Tj ET Q q 0 0 0 rg BT 263.25 346.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 281.57 346.25 Td (of ) Tj ET Q q 0 0 0 rg BT 293.23 346.25 Td (1977 ) Tj ET Q q 0 0 0 rg BT 316.56 346.25 Td (and ) Tj ET Q q 0 0 0 rg BT 336.01 346.25 Td (other) Tj ET Q q 0 0 0 rg BT 358.60 346.25 Td ( ) Tj ET Q q 0 0 0 rg BT 361.93 346.25 Td (similar) Tj ET Q q 0 0 0 rg BT 391.74 346.25 Td ( ) Tj ET Q q 0 0 0 rg BT 395.07 346.25 Td (anti-corruption, ) Tj ET Q q 0 0 0 rg BT 467.01 346.25 Td (anti-bribery ) Tj ET Q q 0 0 0 rg BT 522.56 346.25 Td (and ) Tj ET Q q 0 0 0 rg BT 542.01 346.25 Td (anti-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (kickback ) Tj ET Q q 0 0 0 rg BT 90.69 334.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 111.38 334.25 Td (and ) Tj ET Q q 0 0 0 rg BT 129.29 334.25 Td (r) Tj ET Q q 0 0 0 rg BT 133.55 334.25 Td (egulations, ) Tj ET Q q 0 0 0 rg BT 181.18 334.25 Td (and ) Tj ET Q q 0 0 0 rg BT 199.10 334.25 Td (any ) Tj ET Q q 0 0 0 rg BT 216.45 334.25 Td (noncompliance ) Tj ET Q q 0 0 0 rg BT 282.69 334.25 Td (with ) Tj ET Q q 0 0 0 rg BT 303.37 334.25 Td (those ) Tj ET Q q 0 0 0 rg BT 327.39 334.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 348.07 334.25 Td (and ) Tj ET Q q 0 0 0 rg BT 365.99 334.25 Td (r) Tj ET Q q 0 0 0 rg BT 370.24 334.25 Td (egulations ) Tj ET Q q 0 0 0 rg BT 415.38 334.25 Td (by ) Tj ET Q q 0 0 0 rg BT 427.73 334.25 Td (us ) Tj ET Q q 0 0 0 rg BT 438.97 334.25 Td (or) Tj ET Q q 0 0 0 rg BT 448.23 334.25 Td ( ) Tj ET Q q 0 0 0 rg BT 450.02 334.25 Td (others ) Tj ET Q q 0 0 0 rg BT 478.48 334.25 Td (acting ) Tj ET Q q 0 0 0 rg BT 506.38 334.25 Td (on ) Tj ET Q q 0 0 0 rg BT 518.73 334.25 Td (our) Tj ET Q q 0 0 0 rg BT 533.55 334.25 Td ( ) Tj ET Q q 0 0 0 rg BT 535.34 334.25 Td (behalf ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (could ) Tj ET Q q 0 0 0 rg BT 75.84 322.25 Td (have ) Tj ET Q q 0 0 0 rg BT 98.34 322.25 Td (a ) Tj ET Q q 0 0 0 rg BT 105.84 322.25 Td (material ) Tj ET Q q 0 0 0 rg BT 144.43 322.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 179.70 322.25 Td (effect ) Tj ET Q q 0 0 0 rg BT 205.51 322.25 Td (on ) Tj ET Q q 0 0 0 rg BT 218.57 322.25 Td (our) Tj ET Q q 0 0 0 rg BT 233.39 322.25 Td ( ) Tj ET Q q 0 0 0 rg BT 235.89 322.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 276.46 322.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 316.19 322.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 358.70 322.25 Td (and ) Tj ET Q q 0 0 0 rg BT 377.32 322.25 Td (r) Tj ET Q q 0 0 0 rg BT 381.58 322.25 Td (esults ) Tj ET Q q 0 0 0 rg BT 407.97 322.25 Td (of ) Tj ET Q q 0 0 0 rg BT 418.80 322.25 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 298.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 298.25 Td (e ) Tj ET Q q 0 0 0 rg BT 102.39 298.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 135.14 298.25 Td (on ) Tj ET Q q 0 0 0 rg BT 148.45 298.25 Td (a ) Tj ET Q q 0 0 0 rg BT 156.21 298.25 Td (global ) Tj ET Q q 0 0 0 rg BT 184.52 298.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 207.84 298.25 Td (and ) Tj ET Q q 0 0 0 rg BT 225.60 298.25 Td (are ) Tj ET Q q 0 0 0 rg BT 241.12 298.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 272.77 298.25 Td (to ) Tj ET Q q 0 0 0 rg BT 283.86 298.25 Td (anti-corruption, ) Tj ET Q q 0 0 0 rg BT 349.66 298.25 Td (anti-bribery ) Tj ET Q q 0 0 0 rg BT 400.18 298.25 Td (and ) Tj ET Q q 0 0 0 rg BT 417.94 298.25 Td (anti-kickback ) Tj ET Q q 0 0 0 rg BT 475.67 298.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 497.32 298.25 Td (and ) Tj ET Q q 0 0 0 rg BT 515.08 298.25 Td (regulations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (including ) Tj ET Q q 0 0 0 rg BT 89.86 286.25 Td (the ) Tj ET Q q 0 0 0 rg BT 104.17 286.25 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 137.37 286.25 Td (Corrupt ) Tj ET Q q 0 0 0 rg BT 170.57 286.25 Td (Practices ) Tj ET Q q 0 0 0 rg BT 208.29 286.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 224.82 286.25 Td (of ) Tj ET Q q 0 0 0 rg BT 235.24 286.25 Td (1977, ) Tj ET Q q 0 0 0 rg BT 259.83 286.25 Td (as ) Tj ET Q q 0 0 0 rg BT 270.25 286.25 Td (amended ) Tj ET Q q 0 0 0 rg BT 308.43 286.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 326.07 286.25 Td (FCP) Tj ET Q q 0 0 0 rg BT 347.38 286.25 Td (A\). ) Tj ET Q q 0 0 0 rg BT 366.81 286.25 Td (The ) Tj ET Q q 0 0 0 rg BT 384.45 286.25 Td (FCP) Tj ET Q q 0 0 0 rg BT 401.32 286.25 Td (A) Tj ET Q q 0 0 0 rg BT 407.99 286.25 Td ( ) Tj ET Q q 0 0 0 rg BT 410.08 286.25 Td (and ) Tj ET Q q 0 0 0 rg BT 426.61 286.25 Td (other ) Tj ET Q q 0 0 0 rg BT 449.25 286.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 479.11 286.25 Td (anti-corruption, ) Tj ET Q q 0 0 0 rg BT 543.68 286.25 Td (anti-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (bribery ) Tj ET Q q 0 0 0 rg BT 82.17 274.25 Td (and ) Tj ET Q q 0 0 0 rg BT 99.90 274.25 Td (anti-kickback ) Tj ET Q q 0 0 0 rg BT 157.61 274.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 179.23 274.25 Td (and ) Tj ET Q q 0 0 0 rg BT 196.97 274.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 244.69 274.25 Td (in ) Tj ET Q q 0 0 0 rg BT 255.76 274.25 Td (other ) Tj ET Q q 0 0 0 rg BT 279.60 274.25 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 332.34 274.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 372.83 274.25 Td (prohibit ) Tj ET Q q 0 0 0 rg BT 407.79 274.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 453.85 274.25 Td (and ) Tj ET Q q 0 0 0 rg BT 471.58 274.25 Td (their ) Tj ET Q q 0 0 0 rg BT 493.19 274.25 Td (intermediaries ) Tj ET Q q 0 0 0 rg BT 553.68 274.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (agents ) Tj ET Q q 0 0 0 rg BT 78.58 262.25 Td (from ) Tj ET Q q 0 0 0 rg BT 101.04 262.25 Td (making ) Tj ET Q q 0 0 0 rg BT 134.07 262.25 Td (improper ) Tj ET Q q 0 0 0 rg BT 173.75 262.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 215.11 262.25 Td (to ) Tj ET Q q 0 0 0 rg BT 225.92 262.25 Td (government ) Tj ET Q q 0 0 0 rg BT 276.71 262.25 Td (of) Tj ET Q q 0 0 0 rg BT 284.86 262.25 Td (ficials ) Tj ET Q q 0 0 0 rg BT 312.32 262.25 Td (or ) Tj ET Q q 0 0 0 rg BT 323.68 262.25 Td (any ) Tj ET Q q 0 0 0 rg BT 341.15 262.25 Td (other ) Tj ET Q q 0 0 0 rg BT 364.73 262.25 Td (persons ) Tj ET Q q 0 0 0 rg BT 398.31 262.25 Td (for ) Tj ET Q q 0 0 0 rg BT 413.00 262.25 Td (the ) Tj ET Q q 0 0 0 rg BT 428.25 262.25 Td (purpose ) Tj ET Q q 0 0 0 rg BT 462.94 262.25 Td (of ) Tj ET Q q 0 0 0 rg BT 474.30 262.25 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 515.10 262.25 Td (or ) Tj ET Q q 0 0 0 rg BT 526.46 262.25 Td (retaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (business. ) Tj ET Q q 0 0 0 rg BT 89.14 250.25 Td (W) Tj ET Q q 0 0 0 rg BT 97.77 250.25 Td (e ) Tj ET Q q 0 0 0 rg BT 105.17 250.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 137.55 250.25 Td (and ) Tj ET Q q 0 0 0 rg BT 154.95 250.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 171.80 250.25 Td (our ) Tj ET Q q 0 0 0 rg BT 188.09 250.25 Td (products ) Tj ET Q q 0 0 0 rg BT 225.48 250.25 Td (in ) Tj ET Q q 0 0 0 rg BT 236.22 250.25 Td (many ) Tj ET Q q 0 0 0 rg BT 261.40 250.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 283.79 250.25 Td (of ) Tj ET Q q 0 0 0 rg BT 295.08 250.25 Td (the ) Tj ET Q q 0 0 0 rg BT 310.26 250.25 Td (world ) Tj ET Q q 0 0 0 rg BT 336.55 250.25 Td (that ) Tj ET Q q 0 0 0 rg BT 354.50 250.25 Td (have ) Tj ET Q q 0 0 0 rg BT 376.34 250.25 Td (experienced ) Tj ET Q q 0 0 0 rg BT 427.60 250.25 Td (governmental ) Tj ET Q q 0 0 0 rg BT 485.54 250.25 Td (corruption ) Tj ET Q q 0 0 0 rg BT 530.15 250.25 Td (to ) Tj ET Q q 0 0 0 rg BT 540.89 250.25 Td (some ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (degree ) Tj ET Q q 0 0 0 rg BT 79.12 238.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 98.54 238.25 Td (in ) Tj ET Q q 0 0 0 rg BT 108.80 238.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 138.48 238.25 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 200.10 238.25 Td (strict ) Tj ET Q q 0 0 0 rg BT 222.57 238.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 271.14 238.25 Td (with ) Tj ET Q q 0 0 0 rg BT 291.39 238.25 Td (anti-corruption, ) Tj ET Q q 0 0 0 rg BT 356.35 238.25 Td (anti-bribery ) Tj ET Q q 0 0 0 rg BT 406.03 238.25 Td (and ) Tj ET Q q 0 0 0 rg BT 422.95 238.25 Td (anti-kickback ) Tj ET Q q 0 0 0 rg BT 479.84 238.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 500.65 238.25 Td (and ) Tj ET Q q 0 0 0 rg BT 517.57 238.25 Td (regulations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (may ) Tj ET Q q 0 0 0 rg BT 69.58 226.25 Td (conflict ) Tj ET Q q 0 0 0 rg BT 102.48 226.25 Td (with ) Tj ET Q q 0 0 0 rg BT 122.61 226.25 Td (local ) Tj ET Q q 0 0 0 rg BT 144.40 226.25 Td (customs ) Tj ET Q q 0 0 0 rg BT 179.54 226.25 Td (and ) Tj ET Q q 0 0 0 rg BT 196.34 226.25 Td (practices. ) Tj ET Q q 0 0 0 rg BT 236.73 226.25 Td (In ) Tj ET Q q 0 0 0 rg BT 247.42 226.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 285.05 226.25 Td (in ) Tj ET Q q 0 0 0 rg BT 295.19 226.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 324.75 226.25 Td (countries, ) Tj ET Q q 0 0 0 rg BT 366.26 226.25 Td (we ) Tj ET Q q 0 0 0 rg BT 380.28 226.25 Td (engage ) Tj ET Q q 0 0 0 rg BT 410.95 226.25 Td (third-party ) Tj ET Q q 0 0 0 rg BT 456.07 226.25 Td (agents ) Tj ET Q q 0 0 0 rg BT 483.98 226.25 Td (or ) Tj ET Q q 0 0 0 rg BT 494.67 226.25 Td (intermediaries ) Tj ET Q q 0 0 0 rg BT 554.22 226.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (act ) Tj ET Q q 0 0 0 rg BT 64.64 214.25 Td (on ) Tj ET Q q 0 0 0 rg BT 77.63 214.25 Td (our ) Tj ET Q q 0 0 0 rg BT 93.95 214.25 Td (behalf. ) Tj ET Q q 0 0 0 rg BT 124.42 214.25 Td (If ) Tj ET Q q 0 0 0 rg BT 134.07 214.25 Td (these ) Tj ET Q q 0 0 0 rg BT 157.61 214.25 Td (third ) Tj ET Q q 0 0 0 rg BT 179.48 214.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 209.13 214.25 Td (violate ) Tj ET Q q 0 0 0 rg BT 239.33 214.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 283.40 214.25 Td (anti-corruption, ) Tj ET Q q 0 0 0 rg BT 348.87 214.25 Td (anti-bribery ) Tj ET Q q 0 0 0 rg BT 399.06 214.25 Td (or ) Tj ET Q q 0 0 0 rg BT 410.38 214.25 Td (anti-kickback ) Tj ET Q q 0 0 0 rg BT 467.79 214.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 489.11 214.25 Td (or ) Tj ET Q q 0 0 0 rg BT 500.42 214.25 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 550.35 214.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (may ) Tj ET Q q 0 0 0 rg BT 68.81 202.25 Td (be ) Tj ET Q q 0 0 0 rg BT 79.84 202.25 Td (liable ) Tj ET Q q 0 0 0 rg BT 103.64 202.25 Td (for ) Tj ET Q q 0 0 0 rg BT 116.89 202.25 Td (those ) Tj ET Q q 0 0 0 rg BT 139.59 202.25 Td (violations. ) Tj ET Q q 0 0 0 rg BT 183.01 202.25 Td (W) Tj ET Q q 0 0 0 rg BT 191.65 202.25 Td (e ) Tj ET Q q 0 0 0 rg BT 197.68 202.25 Td (have ) Tj ET Q q 0 0 0 rg BT 218.14 202.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 250.84 202.25 Td (in ) Tj ET Q q 0 0 0 rg BT 260.21 202.25 Td (place ) Tj ET Q q 0 0 0 rg BT 282.89 202.25 Td (prohibiting ) Tj ET Q q 0 0 0 rg BT 328.93 202.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 373.28 202.25 Td (from ) Tj ET Q q 0 0 0 rg BT 394.31 202.25 Td (making ) Tj ET Q q 0 0 0 rg BT 425.90 202.25 Td (or ) Tj ET Q q 0 0 0 rg BT 435.82 202.25 Td (authorizing ) Tj ET Q q 0 0 0 rg BT 482.95 202.25 Td (improper ) Tj ET Q q 0 0 0 rg BT 521.20 202.25 Td (payments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (we ) Tj ET Q q 0 0 0 rg BT 64.45 190.25 Td (train ) Tj ET Q q 0 0 0 rg BT 85.57 190.25 Td (our ) Tj ET Q q 0 0 0 rg BT 101.69 190.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 147.25 190.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 188.36 190.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 237.24 190.25 Td (with ) Tj ET Q q 0 0 0 rg BT 257.81 190.25 Td (anti-corruption, ) Tj ET Q q 0 0 0 rg BT 323.09 190.25 Td (anti-bribery ) Tj ET Q q 0 0 0 rg BT 373.08 190.25 Td (and ) Tj ET Q q 0 0 0 rg BT 390.31 190.25 Td (anti-kickback ) Tj ET Q q 0 0 0 rg BT 447.52 190.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 468.65 190.25 Td (and ) Tj ET Q q 0 0 0 rg BT 485.88 190.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 533.11 190.25 Td (and ) Tj ET Q q 0 0 0 rg BT 550.34 190.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (utilize ) Tj ET Q q 0 0 0 rg BT 77.49 178.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 123.85 178.25 Td (to ) Tj ET Q q 0 0 0 rg BT 134.12 178.25 Td (identify ) Tj ET Q q 0 0 0 rg BT 167.72 178.25 Td (and ) Tj ET Q q 0 0 0 rg BT 184.65 178.25 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 219.92 178.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 241.30 178.25 Td (of ) Tj ET Q q 0 0 0 rg BT 252.13 178.25 Td (such ) Tj ET Q q 0 0 0 rg BT 272.95 178.25 Td (misconduct ) Tj ET Q q 0 0 0 rg BT 321.55 178.25 Td (by ) Tj ET Q q 0 0 0 rg BT 334.05 178.25 Td (our ) Tj ET Q q 0 0 0 rg BT 349.87 178.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 395.13 178.25 Td (and ) Tj ET Q q 0 0 0 rg BT 412.07 178.25 Td (third-party ) Tj ET Q q 0 0 0 rg BT 457.32 178.25 Td (agents ) Tj ET Q q 0 0 0 rg BT 485.37 178.25 Td (and ) Tj ET Q q 0 0 0 rg BT 502.30 178.25 Td (intermediaries. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (However) Tj ET Q q 0 0 0 rg BT 86.25 166.25 Td (, ) Tj ET Q q 0 0 0 rg BT 90.53 166.25 Td (we ) Tj ET Q q 0 0 0 rg BT 103.98 166.25 Td (cannot ) Tj ET Q q 0 0 0 rg BT 132.42 166.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 164.75 166.25 Td (assurances ) Tj ET Q q 0 0 0 rg BT 209.29 166.25 Td (that ) Tj ET Q q 0 0 0 rg BT 226.07 166.25 Td (our ) Tj ET Q q 0 0 0 rg BT 241.19 166.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 285.74 166.25 Td (or ) Tj ET Q q 0 0 0 rg BT 295.85 166.25 Td (third-party ) Tj ET Q q 0 0 0 rg BT 340.40 166.25 Td (agents ) Tj ET Q q 0 0 0 rg BT 367.73 166.25 Td (or ) Tj ET Q q 0 0 0 rg BT 377.85 166.25 Td (intermediaries ) Tj ET Q q 0 0 0 rg BT 436.83 166.25 Td (will ) Tj ET Q q 0 0 0 rg BT 454.17 166.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 485.95 166.25 Td (with ) Tj ET Q q 0 0 0 rg BT 505.51 166.25 Td (those ) Tj ET Q q 0 0 0 rg BT 528.41 166.25 Td (policies, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 71.75 154.25 Td (and ) Tj ET Q q 0 0 0 rg BT 89.61 154.25 Td (regulations. ) Tj ET Q q 0 0 0 rg BT 139.96 154.25 Td (If ) Tj ET Q q 0 0 0 rg BT 150.04 154.25 Td (we ) Tj ET Q q 0 0 0 rg BT 165.12 154.25 Td (are ) Tj ET Q q 0 0 0 rg BT 180.75 154.25 Td (found ) Tj ET Q q 0 0 0 rg BT 207.50 154.25 Td (liable ) Tj ET Q q 0 0 0 rg BT 233.13 154.25 Td (for ) Tj ET Q q 0 0 0 rg BT 248.22 154.25 Td (violations ) Tj ET Q q 0 0 0 rg BT 291.08 154.25 Td (of ) Tj ET Q q 0 0 0 rg BT 302.83 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 318.47 154.25 Td (FCP) Tj ET Q q 0 0 0 rg BT 335.34 154.25 Td (A, ) Tj ET Q q 0 0 0 rg BT 348.48 154.25 Td (or ) Tj ET Q q 0 0 0 rg BT 360.23 154.25 Td (other ) Tj ET Q q 0 0 0 rg BT 384.20 154.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 415.40 154.25 Td (anti-corruption, ) Tj ET Q q 0 0 0 rg BT 481.30 154.25 Td (anti-bribery ) Tj ET Q q 0 0 0 rg BT 531.92 154.25 Td (or ) Tj ET Q q 0 0 0 rg BT 543.67 154.25 Td (anti-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (kickback ) Tj ET Q q 0 0 0 rg BT 88.86 142.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 109.95 142.25 Td (or ) Tj ET Q q 0 0 0 rg BT 121.04 142.25 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 170.74 142.25 Td (either ) Tj ET Q q 0 0 0 rg BT 196.27 142.25 Td (due ) Tj ET Q q 0 0 0 rg BT 213.47 142.25 Td (to ) Tj ET Q q 0 0 0 rg BT 224.01 142.25 Td (our ) Tj ET Q q 0 0 0 rg BT 240.11 142.25 Td (own ) Tj ET Q q 0 0 0 rg BT 260.09 142.25 Td (acts ) Tj ET Q q 0 0 0 rg BT 278.40 142.25 Td (or ) Tj ET Q q 0 0 0 rg BT 289.50 142.25 Td (out ) Tj ET Q q 0 0 0 rg BT 305.04 142.25 Td (of ) Tj ET Q q 0 0 0 rg BT 316.13 142.25 Td (inadvertence, ) Tj ET Q q 0 0 0 rg BT 372.48 142.25 Td (or ) Tj ET Q q 0 0 0 rg BT 383.57 142.25 Td (due ) Tj ET Q q 0 0 0 rg BT 400.77 142.25 Td (to ) Tj ET Q q 0 0 0 rg BT 411.31 142.25 Td (the ) Tj ET Q q 0 0 0 rg BT 426.29 142.25 Td (acts ) Tj ET Q q 0 0 0 rg BT 444.60 142.25 Td (or ) Tj ET Q q 0 0 0 rg BT 455.70 142.25 Td (inadvertence ) Tj ET Q q 0 0 0 rg BT 509.54 142.25 Td (of ) Tj ET Q q 0 0 0 rg BT 520.63 142.25 Td (others, ) Tj ET Q q 0 0 0 rg BT 550.34 142.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (could ) Tj ET Q q 0 0 0 rg BT 74.82 130.25 Td (suf) Tj ET Q q 0 0 0 rg BT 86.86 130.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 100.56 130.25 Td (criminal ) Tj ET Q q 0 0 0 rg BT 136.48 130.25 Td (or ) Tj ET Q q 0 0 0 rg BT 147.41 130.25 Td (civil ) Tj ET Q q 0 0 0 rg BT 167.78 130.25 Td (fines ) Tj ET Q q 0 0 0 rg BT 189.82 130.25 Td (or ) Tj ET Q q 0 0 0 rg BT 200.75 130.25 Td (penalties ) Tj ET Q q 0 0 0 rg BT 238.89 130.25 Td (or ) Tj ET Q q 0 0 0 rg BT 249.82 130.25 Td (other ) Tj ET Q q 0 0 0 rg BT 272.97 130.25 Td (repercussions, ) Tj ET Q q 0 0 0 rg BT 332.50 130.25 Td (including ) Tj ET Q q 0 0 0 rg BT 372.87 130.25 Td (reputational ) Tj ET Q q 0 0 0 rg BT 423.23 130.25 Td (harm, ) Tj ET Q q 0 0 0 rg BT 448.88 130.25 Td (which ) Tj ET Q q 0 0 0 rg BT 475.92 130.25 Td (could ) Tj ET Q q 0 0 0 rg BT 500.73 130.25 Td (have ) Tj ET Q q 0 0 0 rg BT 522.21 130.25 Td (a ) Tj ET Q q 0 0 0 rg BT 529.25 130.25 Td (material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 83.04 118.25 Td (ef) Tj ET Q q 0 0 0 rg BT 90.63 118.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 108.11 118.25 Td (on ) Tj ET Q q 0 0 0 rg BT 120.61 118.25 Td (our ) Tj ET Q q 0 0 0 rg BT 136.44 118.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 175.33 118.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 212.81 118.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 253.09 118.25 Td (and ) Tj ET Q q 0 0 0 rg BT 270.02 118.25 Td (results ) Tj ET Q q 0 0 0 rg BT 298.63 118.25 Td (of ) Tj ET Q q 0 0 0 rg BT 309.46 118.25 Td (operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (Envir) Tj ET Q q 0 0 0 rg BT 74.27 94.25 Td (onmental ) Tj ET Q q 0 0 0 rg BT 116.32 94.25 Td (and ) Tj ET Q q 0 0 0 rg BT 134.50 94.25 Td (energy ) Tj ET Q q 0 0 0 rg BT 165.43 94.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 186.38 94.25 Td (and ) Tj ET Q q 0 0 0 rg BT 204.56 94.25 Td (r) Tj ET Q q 0 0 0 rg BT 208.82 94.25 Td (egulations ) Tj ET Q q 0 0 0 rg BT 254.21 94.25 Td (may ) Tj ET Q q 0 0 0 rg BT 274.60 94.25 Td (r) Tj ET Q q 0 0 0 rg BT 278.86 94.25 Td (esult ) Tj ET Q q 0 0 0 rg BT 300.91 94.25 Td (in ) Tj ET Q q 0 0 0 rg BT 311.31 94.25 Td (incr) Tj ET Q q 0 0 0 rg BT 328.34 94.25 Td (eased ) Tj ET Q q 0 0 0 rg BT 353.73 94.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 396.89 94.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 419.50 94.25 Td (and ) Tj ET Q q 0 0 0 rg BT 437.68 94.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 468.62 94.25 Td (expenditur) Tj ET Q q 0 0 0 rg BT 515.11 94.25 Td (es ) Tj ET Q q 0 0 0 rg BT 525.50 94.25 Td (and ) Tj ET Q q 0 0 0 rg BT 543.68 94.25 Td (may ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (have ) Tj ET Q q 0 0 0 rg BT 72.50 82.25 Td (a ) Tj ET Q q 0 0 0 rg BT 80.00 82.25 Td (material ) Tj ET Q q 0 0 0 rg BT 118.59 82.25 Td (and ) Tj ET Q q 0 0 0 rg BT 137.22 82.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 172.49 82.25 Td (effect ) Tj ET Q q 0 0 0 rg BT 198.29 82.25 Td (on ) Tj ET Q q 0 0 0 rg BT 211.35 82.25 Td (us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 58.25 Td (New ) Tj ET Q q 0 0 0 rg BT 108.15 58.25 Td (and ) Tj ET Q q 0 0 0 rg BT 125.85 58.25 Td (current ) Tj ET Q q 0 0 0 rg BT 157.43 58.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 218.45 58.25 Td (and ) Tj ET Q q 0 0 0 rg BT 236.15 58.25 Td (ener) Tj ET Q q 0 0 0 rg BT 253.18 58.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 266.44 58.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 288.04 58.25 Td (and ) Tj ET Q q 0 0 0 rg BT 305.74 58.25 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 355.94 58.25 Td (including ) Tj ET Q q 0 0 0 rg BT 396.98 58.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 444.67 58.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 478.48 58.25 Td (to ) Tj ET Q q 0 0 0 rg BT 489.52 58.25 Td (alternative ) Tj ET Q q 0 0 0 rg BT 534.98 58.25 Td (ener) Tj ET Q q 0 0 0 rg BT 552.01 58.25 Td (gy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.25 Td (sources ) Tj ET Q q 0 0 0 rg BT 83.13 46.25 Td (and ) Tj ET Q q 0 0 0 rg BT 100.72 46.25 Td (the ) Tj ET Q q 0 0 0 rg BT 116.08 46.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 134.22 46.25 Td (of ) Tj ET Q q 0 0 0 rg BT 145.70 46.25 Td (global ) Tj ET Q q 0 0 0 rg BT 173.84 46.25 Td (climate ) Tj ET Q q 0 0 0 rg BT 206.41 46.25 Td (change, ) Tj ET Q q 0 0 0 rg BT 240.37 46.25 Td (new ) Tj ET Q q 0 0 0 rg BT 260.18 46.25 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 321.08 46.25 Td (of ) Tj ET Q q 0 0 0 rg BT 332.55 46.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 367.36 46.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 428.27 46.25 Td (and ) Tj ET Q q 0 0 0 rg BT 445.85 46.25 Td (ener) Tj ET Q q 0 0 0 rg BT 462.88 46.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 476.02 46.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 497.50 46.25 Td (and ) Tj ET Q q 0 0 0 rg BT 515.08 46.25 Td (regulations, ) Tj ET Q endstream endobj 33 0 obj <>] /Rotate 0 /Contents 34 0 R>> endobj 34 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 89.57 742.10 Td (governmental ) Tj ET Q q 0 0 0 rg BT 146.37 742.10 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 198.15 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 208.30 742.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 267.87 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 284.13 742.10 Td (ener) Tj ET Q q 0 0 0 rg BT 301.15 742.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 312.97 742.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 333.11 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 349.37 742.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 395.62 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 405.76 742.10 Td (other ) Tj ET Q q 0 0 0 rg BT 428.12 742.10 Td (developments ) Tj ET Q q 0 0 0 rg BT 485.48 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 495.07 742.10 Td (these ) Tj ET Q q 0 0 0 rg BT 517.44 742.10 Td (areas ) Tj ET Q q 0 0 0 rg BT 539.79 742.10 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (require ) Tj ET Q q 0 0 0 rg BT 81.29 730.10 Td (us ) Tj ET Q q 0 0 0 rg BT 93.16 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 103.91 730.10 Td (make ) Tj ET Q q 0 0 0 rg BT 128.54 730.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 171.51 730.10 Td (unforeseen ) Tj ET Q q 0 0 0 rg BT 218.35 730.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 272.42 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 283.73 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 294.48 730.10 Td (make ) Tj ET Q q 0 0 0 rg BT 319.12 730.10 Td (unforeseen ) Tj ET Q q 0 0 0 rg BT 365.96 730.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 401.14 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 411.90 730.10 Td (our ) Tj ET Q q 0 0 0 rg BT 428.20 730.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 475.33 730.10 Td (either ) Tj ET Q q 0 0 0 rg BT 501.07 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 512.38 730.10 Td (which ) Tj ET Q q 0 0 0 rg BT 539.79 730.10 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 90.67 718.10 Td (af) Tj ET Q q 0 0 0 rg BT 98.26 718.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 115.60 718.10 Td (us. ) Tj ET Q q 0 0 0 rg BT 129.34 718.10 Td (For ) Tj ET Q q 0 0 0 rg BT 145.59 718.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 184.31 718.10 Td (it ) Tj ET Q q 0 0 0 rg BT 192.22 718.10 Td (is ) Tj ET Q q 0 0 0 rg BT 201.25 718.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 236.38 718.10 Td (that ) Tj ET Q q 0 0 0 rg BT 253.73 718.10 Td (some ) Tj ET Q q 0 0 0 rg BT 277.19 718.10 Td (form ) Tj ET Q q 0 0 0 rg BT 298.98 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 309.66 718.10 Td (regulation ) Tj ET Q q 0 0 0 rg BT 352.56 718.10 Td (will ) Tj ET Q q 0 0 0 rg BT 370.47 718.10 Td (be ) Tj ET Q q 0 0 0 rg BT 382.26 718.10 Td (forthcoming ) Tj ET Q q 0 0 0 rg BT 434.05 718.10 Td (at ) Tj ET Q q 0 0 0 rg BT 443.62 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.19 718.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 488.30 718.10 Td (level ) Tj ET Q q 0 0 0 rg BT 510.08 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 520.21 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.79 718.10 Td (United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (States ) Tj ET Q q 0 0 0 rg BT 76.00 706.10 Td (with ) Tj ET Q q 0 0 0 rg BT 95.89 706.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 126.31 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 136.20 706.10 Td (emissions ) Tj ET Q q 0 0 0 rg BT 177.76 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 188.20 706.10 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 235.85 706.10 Td (gases ) Tj ET Q q 0 0 0 rg BT 259.62 706.10 Td (\(GHGs\), ) Tj ET Q q 0 0 0 rg BT 305.33 706.10 Td (such ) Tj ET Q q 0 0 0 rg BT 325.77 706.10 Td (as ) Tj ET Q q 0 0 0 rg BT 336.21 706.10 Td (carbon ) Tj ET Q q 0 0 0 rg BT 365.53 706.10 Td (dioxide, ) Tj ET Q q 0 0 0 rg BT 400.13 706.10 Td (methane ) Tj ET Q q 0 0 0 rg BT 436.11 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 452.66 706.10 Td (nitrous ) Tj ET Q q 0 0 0 rg BT 482.55 706.10 Td (oxides. ) Tj ET Q q 0 0 0 rg BT 513.27 706.10 Td (New ) Tj ET Q q 0 0 0 rg BT 534.26 706.10 Td (federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (legislation ) Tj ET Q q 0 0 0 rg BT 93.98 694.10 Td (or ) Tj ET Q q 0 0 0 rg BT 104.62 694.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 148.03 694.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 188.12 694.10 Td (that ) Tj ET Q q 0 0 0 rg BT 205.43 694.10 Td (restrict ) Tj ET Q q 0 0 0 rg BT 235.51 694.10 Td (emissions ) Tj ET Q q 0 0 0 rg BT 277.27 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 287.92 694.10 Td (GHGs, ) Tj ET Q q 0 0 0 rg BT 318.29 694.10 Td (or ) Tj ET Q q 0 0 0 rg BT 328.94 694.10 Td (comparable ) Tj ET Q q 0 0 0 rg BT 377.89 694.10 Td (new ) Tj ET Q q 0 0 0 rg BT 396.87 694.10 Td (state ) Tj ET Q q 0 0 0 rg BT 417.51 694.10 Td (legislation ) Tj ET Q q 0 0 0 rg BT 461.49 694.10 Td (or ) Tj ET Q q 0 0 0 rg BT 472.13 694.10 Td (programs, ) Tj ET Q q 0 0 0 rg BT 514.72 694.10 Td (or ) Tj ET Q q 0 0 0 rg BT 525.36 694.10 Td (customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 107.00 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 117.08 682.10 Td (areas ) Tj ET Q q 0 0 0 rg BT 139.92 682.10 Td (where ) Tj ET Q q 0 0 0 rg BT 166.66 682.10 Td (we ) Tj ET Q q 0 0 0 rg BT 180.62 682.10 Td (or ) Tj ET Q q 0 0 0 rg BT 191.25 682.10 Td (our ) Tj ET Q q 0 0 0 rg BT 206.88 682.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 249.73 682.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 283.69 682.10 Td (business ) Tj ET Q q 0 0 0 rg BT 319.88 682.10 Td (could ) Tj ET Q q 0 0 0 rg BT 344.40 682.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 385.02 682.10 Td (af) Tj ET Q q 0 0 0 rg BT 392.61 682.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 409.90 682.10 Td (our ) Tj ET Q q 0 0 0 rg BT 425.53 682.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 469.48 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 486.23 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 500.74 682.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 534.70 682.10 Td (for ) Tj ET Q q 0 0 0 rg BT 548.66 682.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (ener) Tj ET Q q 0 0 0 rg BT 67.03 670.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 79.70 670.10 Td (products, ) Tj ET Q q 0 0 0 rg BT 119.30 670.10 Td (which ) Tj ET Q q 0 0 0 rg BT 146.41 670.10 Td (could ) Tj ET Q q 0 0 0 rg BT 171.30 670.10 Td (have ) Tj ET Q q 0 0 0 rg BT 192.85 670.10 Td (a ) Tj ET Q q 0 0 0 rg BT 199.96 670.10 Td (material ) Tj ET Q q 0 0 0 rg BT 235.38 670.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 268.59 670.10 Td (ef) Tj ET Q q 0 0 0 rg BT 276.18 670.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 293.83 670.10 Td (on ) Tj ET Q q 0 0 0 rg BT 306.50 670.10 Td (our ) Tj ET Q q 0 0 0 rg BT 322.50 670.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 361.57 670.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 399.22 670.10 Td (condition, ) Tj ET Q q 0 0 0 rg BT 442.16 670.10 Td (liquidity) Tj ET Q q 0 0 0 rg BT 475.40 670.10 Td (, ) Tj ET Q q 0 0 0 rg BT 480.57 670.10 Td (results ) Tj ET Q q 0 0 0 rg BT 509.35 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.35 670.10 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.00 658.10 Td (prospects. ) Tj ET Q q 0 0 0 rg BT 109.84 658.10 Td (In ) Tj ET Q q 0 0 0 rg BT 120.73 658.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 158.57 658.10 Td (new ) Tj ET Q q 0 0 0 rg BT 177.80 658.10 Td (legislation ) Tj ET Q q 0 0 0 rg BT 222.02 658.10 Td (or ) Tj ET Q q 0 0 0 rg BT 232.92 658.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 276.57 658.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 316.91 658.10 Td (could ) Tj ET Q q 0 0 0 rg BT 341.69 658.10 Td (require ) Tj ET Q q 0 0 0 rg BT 372.57 658.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 417.91 658.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 471.57 658.10 Td (for ) Tj ET Q q 0 0 0 rg BT 485.79 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 500.57 658.10 Td (installation ) Tj ET Q q 0 0 0 rg BT 547.58 658.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 90.25 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 101.07 646.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 135.23 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 152.15 646.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 196.85 646.10 Td (that ) Tj ET Q q 0 0 0 rg BT 214.34 646.10 Td (we ) Tj ET Q q 0 0 0 rg BT 228.48 646.10 Td (do ) Tj ET Q q 0 0 0 rg BT 240.97 646.10 Td (not ) Tj ET Q q 0 0 0 rg BT 256.24 646.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 294.82 646.10 Td (possess ) Tj ET Q q 0 0 0 rg BT 327.31 646.10 Td (or ) Tj ET Q q 0 0 0 rg BT 338.13 646.10 Td (for ) Tj ET Q q 0 0 0 rg BT 352.28 646.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 397.54 646.10 Td (modifications ) Tj ET Q q 0 0 0 rg BT 455.02 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 465.28 646.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 499.44 646.10 Td (equipment. ) Tj ET Q q 0 0 0 rg BT 546.46 646.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 76.37 634.10 Td (ef) Tj ET Q q 0 0 0 rg BT 83.96 634.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 105.34 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 116.17 634.10 Td (climate ) Tj ET Q q 0 0 0 rg BT 148.10 634.10 Td (change ) Tj ET Q q 0 0 0 rg BT 178.91 634.10 Td (on ) Tj ET Q q 0 0 0 rg BT 191.41 634.10 Td (our ) Tj ET Q q 0 0 0 rg BT 207.24 634.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 251.96 634.10 Td (are, ) Tj ET Q q 0 0 0 rg BT 269.17 634.10 Td (however) Tj ET Q q 0 0 0 rg BT 303.20 634.10 Td (, ) Tj ET Q q 0 0 0 rg BT 308.20 634.10 Td (unknown ) Tj ET Q q 0 0 0 rg BT 347.92 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 364.86 634.10 Td (indeterminable ) Tj ET Q q 0 0 0 rg BT 427.33 634.10 Td (at ) Tj ET Q q 0 0 0 rg BT 437.05 634.10 Td (this ) Tj ET Q q 0 0 0 rg BT 454.00 634.10 Td (time.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 610.10 Td (Also, ) Tj ET Q q 0 0 0 rg BT 110.67 610.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 148.39 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 159.44 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.94 610.10 Td (Ener) Tj ET Q q 0 0 0 rg BT 193.63 610.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 206.91 610.10 Td (Independence ) Tj ET Q q 0 0 0 rg BT 265.71 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 283.43 610.10 Td (Security ) Tj ET Q q 0 0 0 rg BT 319.31 610.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 337.02 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 348.63 610.10 Td (2007, ) Tj ET Q q 0 0 0 rg BT 374.41 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 389.90 610.10 Td (EP) Tj ET Q q 0 0 0 rg BT 400.66 610.10 Td (A) Tj ET Q q 0 0 0 rg BT 407.33 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 410.60 610.10 Td (has ) Tj ET Q q 0 0 0 rg BT 427.21 610.10 Td (promulgated ) Tj ET Q q 0 0 0 rg BT 481.03 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 496.53 610.10 Td (Renewable ) Tj ET Q q 0 0 0 rg BT 544.23 610.10 Td (Fuel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (Standard ) Tj ET Q q 0 0 0 rg BT 88.15 598.10 Td (\(RFS\), ) Tj ET Q q 0 0 0 rg BT 126.58 598.10 Td (which ) Tj ET Q q 0 0 0 rg BT 153.63 598.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 188.44 598.10 Td (refiners ) Tj ET Q q 0 0 0 rg BT 221.58 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 231.96 598.10 Td (blend ) Tj ET Q q 0 0 0 rg BT 256.78 598.10 Td (renewable ) Tj ET Q q 0 0 0 rg BT 300.47 598.10 Td (fuels, ) Tj ET Q q 0 0 0 rg BT 325.01 598.10 Td (such ) Tj ET Q q 0 0 0 rg BT 345.95 598.10 Td (as ) Tj ET Q q 0 0 0 rg BT 356.88 598.10 Td (ethanol ) Tj ET Q q 0 0 0 rg BT 388.92 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 405.96 598.10 Td (biodiesel, ) Tj ET Q q 0 0 0 rg BT 447.17 598.10 Td (with ) Tj ET Q q 0 0 0 rg BT 467.55 598.10 Td (their ) Tj ET Q q 0 0 0 rg BT 488.48 598.10 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 531.63 598.10 Td (fuels ) Tj ET Q q 0 0 0 rg BT 553.67 598.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 87.66 586.10 Td (renewable ) Tj ET Q q 0 0 0 rg BT 130.86 586.10 Td (ener) Tj ET Q q 0 0 0 rg BT 147.89 586.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 160.00 586.10 Td (credits, ) Tj ET Q q 0 0 0 rg BT 191.28 586.10 Td (known ) Tj ET Q q 0 0 0 rg BT 220.62 586.10 Td (as ) Tj ET Q q 0 0 0 rg BT 231.07 586.10 Td (RINs, ) Tj ET Q q 0 0 0 rg BT 256.80 586.10 Td (in ) Tj ET Q q 0 0 0 rg BT 266.70 586.10 Td (lieu ) Tj ET Q q 0 0 0 rg BT 283.81 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 294.26 586.10 Td (blending. ) Tj ET Q q 0 0 0 rg BT 333.72 586.10 Td (The ) Tj ET Q q 0 0 0 rg BT 351.39 586.10 Td (EP) Tj ET Q q 0 0 0 rg BT 362.14 586.10 Td (A) Tj ET Q q 0 0 0 rg BT 368.81 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 370.93 586.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 410.25 586.10 Td (establishes ) Tj ET Q q 0 0 0 rg BT 455.70 586.10 Td (new ) Tj ET Q q 0 0 0 rg BT 474.48 586.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 503.25 586.10 Td (renewable ) Tj ET Q q 0 0 0 rg BT 546.45 586.10 Td (fuel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 96.24 574.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 136.95 574.10 Td (for ) Tj ET Q q 0 0 0 rg BT 151.56 574.10 Td (each ) Tj ET Q q 0 0 0 rg BT 172.81 574.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 221.84 574.10 Td (year ) Tj ET Q q 0 0 0 rg BT 241.99 574.10 Td (in ) Tj ET Q q 0 0 0 rg BT 252.71 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 267.87 574.10 Td (preceding ) Tj ET Q q 0 0 0 rg BT 310.24 574.10 Td (year) Tj ET Q q 0 0 0 rg BT 326.89 574.10 Td (. ) Tj ET Q q 0 0 0 rg BT 332.12 574.10 Td (W) Tj ET Q q 0 0 0 rg BT 340.76 574.10 Td (e ) Tj ET Q q 0 0 0 rg BT 348.14 574.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 384.94 574.10 Td (RINs ) Tj ET Q q 0 0 0 rg BT 409.00 574.10 Td (in ) Tj ET Q q 0 0 0 rg BT 419.72 574.10 Td (our ) Tj ET Q q 0 0 0 rg BT 435.99 574.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 479.48 574.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 524.07 574.10 Td (under ) Tj ET Q q 0 0 0 rg BT 549.78 574.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (RFS, ) Tj ET Q q 0 0 0 rg BT 73.28 562.10 Td (however ) Tj ET Q q 0 0 0 rg BT 110.70 562.10 Td (it ) Tj ET Q q 0 0 0 rg BT 119.25 562.10 Td (is ) Tj ET Q q 0 0 0 rg BT 128.91 562.10 Td (not ) Tj ET Q q 0 0 0 rg BT 144.68 562.10 Td (enough ) Tj ET Q q 0 0 0 rg BT 177.11 562.10 Td (to ) Tj ET Q q 0 0 0 rg BT 187.88 562.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 210.30 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.51 562.10 Td (needs ) Tj ET Q q 0 0 0 rg BT 251.27 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 262.59 562.10 Td (our ) Tj ET Q q 0 0 0 rg BT 278.91 562.10 Td (refining ) Tj ET Q q 0 0 0 rg BT 313.56 562.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 349.86 562.10 Td (and ) Tj ET Q q 0 0 0 rg BT 367.29 562.10 Td (RINs ) Tj ET Q q 0 0 0 rg BT 391.39 562.10 Td (must ) Tj ET Q q 0 0 0 rg BT 413.83 562.10 Td (be ) Tj ET Q q 0 0 0 rg BT 426.26 562.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 469.79 562.10 Td (on ) Tj ET Q q 0 0 0 rg BT 482.78 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 497.99 562.10 Td (open ) Tj ET Q q 0 0 0 rg BT 520.42 562.10 Td (market. ) Tj ET Q q 0 0 0 rg BT 553.67 562.10 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 76.74 550.10 Td (years ) Tj ET Q q 0 0 0 rg BT 100.15 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.69 550.10 Td (price ) Tj ET Q q 0 0 0 rg BT 136.99 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 147.63 550.10 Td (RINs ) Tj ET Q q 0 0 0 rg BT 171.06 550.10 Td (has ) Tj ET Q q 0 0 0 rg BT 186.71 550.10 Td (been ) Tj ET Q q 0 0 0 rg BT 207.90 550.10 Td (extremely ) Tj ET Q q 0 0 0 rg BT 250.20 550.10 Td (volatile. ) Tj ET Q q 0 0 0 rg BT 284.49 550.10 Td (As ) Tj ET Q q 0 0 0 rg BT 297.92 550.10 Td (a ) Tj ET Q q 0 0 0 rg BT 304.68 550.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 331.71 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 346.24 550.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 384.10 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 394.74 550.10 Td (RINs ) Tj ET Q q 0 0 0 rg BT 418.17 550.10 Td (could ) Tj ET Q q 0 0 0 rg BT 442.70 550.10 Td (have ) Tj ET Q q 0 0 0 rg BT 463.90 550.10 Td (a ) Tj ET Q q 0 0 0 rg BT 470.65 550.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 506.84 550.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 536.37 550.10 Td (on ) Tj ET Q q 0 0 0 rg BT 548.68 550.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (future ) Tj ET Q q 0 0 0 rg BT 76.38 538.10 Td (refined ) Tj ET Q q 0 0 0 rg BT 107.19 538.10 Td (fuels ) Tj ET Q q 0 0 0 rg BT 129.13 538.10 Td (mar) Tj ET Q q 0 0 0 rg BT 144.50 538.10 Td (gins, ) Tj ET Q q 0 0 0 rg BT 166.17 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.88 538.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 210.60 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 221.43 538.10 Td (which ) Tj ET Q q 0 0 0 rg BT 248.36 538.10 Td (we ) Tj ET Q q 0 0 0 rg BT 262.52 538.10 Td (are ) Tj ET Q q 0 0 0 rg BT 277.23 538.10 Td (not ) Tj ET Q q 0 0 0 rg BT 292.51 538.10 Td (able ) Tj ET Q q 0 0 0 rg BT 311.67 538.10 Td (to ) Tj ET Q q 0 0 0 rg BT 321.94 538.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 357.76 538.10 Td (at ) Tj ET Q q 0 0 0 rg BT 367.48 538.10 Td (this ) Tj ET Q q 0 0 0 rg BT 384.43 538.10 Td (time.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (Envir) Tj ET Q q 0 0 0 rg BT 74.27 514.10 Td (onmental ) Tj ET Q q 0 0 0 rg BT 116.77 514.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 158.16 514.10 Td (could ) Tj ET Q q 0 0 0 rg BT 184.00 514.10 Td (have ) Tj ET Q q 0 0 0 rg BT 206.50 514.10 Td (a ) Tj ET Q q 0 0 0 rg BT 214.00 514.10 Td (material ) Tj ET Q q 0 0 0 rg BT 252.59 514.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 287.86 514.10 Td (effect ) Tj ET Q q 0 0 0 rg BT 313.67 514.10 Td (on ) Tj ET Q q 0 0 0 rg BT 326.73 514.10 Td (us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 490.10 Td (Many ) Tj ET Q q 0 0 0 rg BT 110.97 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 120.95 490.10 Td (our ) Tj ET Q q 0 0 0 rg BT 135.92 490.10 Td (current ) Tj ET Q q 0 0 0 rg BT 165.88 490.10 Td (and ) Tj ET Q q 0 0 0 rg BT 181.97 490.10 Td (former ) Tj ET Q q 0 0 0 rg BT 210.82 490.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 246.89 490.10 Td (have ) Tj ET Q q 0 0 0 rg BT 267.41 490.10 Td (been ) Tj ET Q q 0 0 0 rg BT 287.93 490.10 Td (in ) Tj ET Q q 0 0 0 rg BT 297.36 490.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 336.77 490.10 Td (for ) Tj ET Q q 0 0 0 rg BT 350.07 490.10 Td (many ) Tj ET Q q 0 0 0 rg BT 373.93 490.10 Td (years ) Tj ET Q q 0 0 0 rg BT 396.67 490.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 415.26 490.10 Td (over ) Tj ET Q q 0 0 0 rg BT 434.67 490.10 Td (that ) Tj ET Q q 0 0 0 rg BT 451.31 490.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 473.23 490.10 Td (we ) Tj ET Q q 0 0 0 rg BT 486.53 490.10 Td (and ) Tj ET Q q 0 0 0 rg BT 502.62 490.10 Td (other ) Tj ET Q q 0 0 0 rg BT 524.81 490.10 Td (operators ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.22 478.10 Td (those ) Tj ET Q q 0 0 0 rg BT 85.22 478.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 122.54 478.10 Td (have ) Tj ET Q q 0 0 0 rg BT 144.31 478.10 Td (generated, ) Tj ET Q q 0 0 0 rg BT 188.57 478.10 Td (used, ) Tj ET Q q 0 0 0 rg BT 212.29 478.10 Td (stored ) Tj ET Q q 0 0 0 rg BT 239.62 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 256.95 478.10 Td (disposed ) Tj ET Q q 0 0 0 rg BT 294.84 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.06 478.10 Td (substances ) Tj ET Q q 0 0 0 rg BT 351.73 478.10 Td (or ) Tj ET Q q 0 0 0 rg BT 362.95 478.10 Td (wastes ) Tj ET Q q 0 0 0 rg BT 392.50 478.10 Td (that ) Tj ET Q q 0 0 0 rg BT 410.39 478.10 Td (are ) Tj ET Q q 0 0 0 rg BT 425.49 478.10 Td (or ) Tj ET Q q 0 0 0 rg BT 436.71 478.10 Td (might ) Tj ET Q q 0 0 0 rg BT 462.94 478.10 Td (be ) Tj ET Q q 0 0 0 rg BT 475.27 478.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 521.47 478.10 Td (hazardous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (under ) Tj ET Q q 0 0 0 rg BT 75.67 466.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 119.67 466.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 180.33 466.10 Td (laws, ) Tj ET Q q 0 0 0 rg BT 204.07 466.10 Td (including ) Tj ET Q q 0 0 0 rg BT 244.75 466.10 Td (liquid ) Tj ET Q q 0 0 0 rg BT 270.99 466.10 Td (fertilizers, ) Tj ET Q q 0 0 0 rg BT 314.70 466.10 Td (chemicals ) Tj ET Q q 0 0 0 rg BT 357.59 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 374.93 466.10 Td (fuels ) Tj ET Q q 0 0 0 rg BT 397.28 466.10 Td (stored ) Tj ET Q q 0 0 0 rg BT 424.62 466.10 Td (in ) Tj ET Q q 0 0 0 rg BT 435.30 466.10 Td (under) Tj ET Q q 0 0 0 rg BT 457.89 466.10 Td (ground ) Tj ET Q q 0 0 0 rg BT 489.13 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 506.47 466.10 Td (above-ground ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (tanks. ) Tj ET Q q 0 0 0 rg BT 75.42 454.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 94.96 454.10 Td (past ) Tj ET Q q 0 0 0 rg BT 113.40 454.10 Td (or ) Tj ET Q q 0 0 0 rg BT 124.05 454.10 Td (future ) Tj ET Q q 0 0 0 rg BT 150.25 454.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 180.90 454.10 Td (in ) Tj ET Q q 0 0 0 rg BT 191.00 454.10 Td (violation ) Tj ET Q q 0 0 0 rg BT 228.87 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 239.53 454.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 282.94 454.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 343.02 454.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 363.67 454.10 Td (could ) Tj ET Q q 0 0 0 rg BT 388.21 454.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 418.86 454.10 Td (us ) Tj ET Q q 0 0 0 rg BT 430.08 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 440.18 454.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 499.71 454.10 Td (penalties, ) Tj ET Q q 0 0 0 rg BT 540.08 454.10 Td (fines, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (other ) Tj ET Q q 0 0 0 rg BT 72.84 442.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 97.64 442.10 Td (such ) Tj ET Q q 0 0 0 rg BT 118.27 442.10 Td (as ) Tj ET Q q 0 0 0 rg BT 128.90 442.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 157.84 442.10 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 213.74 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 230.47 442.10 Td (injunctions. ) Tj ET Q q 0 0 0 rg BT 279.71 442.10 Td (In ) Tj ET Q q 0 0 0 rg BT 290.34 442.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 327.91 442.10 Td (an ) Tj ET Q q 0 0 0 rg BT 339.65 442.10 Td (owner ) Tj ET Q q 0 0 0 rg BT 366.93 442.10 Td (or ) Tj ET Q q 0 0 0 rg BT 377.56 442.10 Td (operator ) Tj ET Q q 0 0 0 rg BT 413.17 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 423.80 442.10 Td (contaminated ) Tj ET Q q 0 0 0 rg BT 479.97 442.10 Td (property) Tj ET Q q 0 0 0 rg BT 513.19 442.10 Td (, ) Tj ET Q q 0 0 0 rg BT 517.99 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 534.73 442.10 Td (a ) Tj ET Q q 0 0 0 rg BT 541.46 442.10 Td (party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (who ) Tj ET Q q 0 0 0 rg BT 69.51 430.10 Td (sends ) Tj ET Q q 0 0 0 rg BT 94.02 430.10 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 136.85 430.10 Td (materials ) Tj ET Q q 0 0 0 rg BT 175.79 430.10 Td (to ) Tj ET Q q 0 0 0 rg BT 185.85 430.10 Td (such ) Tj ET Q q 0 0 0 rg BT 206.47 430.10 Td (site ) Tj ET Q q 0 0 0 rg BT 222.65 430.10 Td (for ) Tj ET Q q 0 0 0 rg BT 236.60 430.10 Td (treatment, ) Tj ET Q q 0 0 0 rg BT 279.15 430.10 Td (storage, ) Tj ET Q q 0 0 0 rg BT 312.81 430.10 Td (disposal ) Tj ET Q q 0 0 0 rg BT 347.88 430.10 Td (or ) Tj ET Q q 0 0 0 rg BT 358.50 430.10 Td (recycling, ) Tj ET Q q 0 0 0 rg BT 400.49 430.10 Td (can ) Tj ET Q q 0 0 0 rg BT 416.66 430.10 Td (be ) Tj ET Q q 0 0 0 rg BT 428.38 430.10 Td (liable ) Tj ET Q q 0 0 0 rg BT 452.88 430.10 Td (for ) Tj ET Q q 0 0 0 rg BT 466.83 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.34 430.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 499.74 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.36 430.10 Td (investigation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.03 418.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 115.37 418.10 Td (under ) Tj ET Q q 0 0 0 rg BT 139.73 418.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 199.08 418.10 Td (laws. ) Tj ET Q q 0 0 0 rg BT 221.50 418.10 Td (In ) Tj ET Q q 0 0 0 rg BT 231.42 418.10 Td (some ) Tj ET Q q 0 0 0 rg BT 254.11 418.10 Td (instances, ) Tj ET Q q 0 0 0 rg BT 294.86 418.10 Td (such ) Tj ET Q q 0 0 0 rg BT 314.77 418.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 347.47 418.10 Td (exists ) Tj ET Q q 0 0 0 rg BT 371.84 418.10 Td (regardless ) Tj ET Q q 0 0 0 rg BT 413.96 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 423.88 418.10 Td (fault. ) Tj ET Q q 0 0 0 rg BT 446.29 418.10 Td (Moreover) Tj ET Q q 0 0 0 rg BT 485.32 418.10 Td (, ) Tj ET Q q 0 0 0 rg BT 489.41 418.10 Td (future ) Tj ET Q q 0 0 0 rg BT 514.88 418.10 Td (or ) Tj ET Q q 0 0 0 rg BT 524.80 418.10 Td (unknown ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (past ) Tj ET Q q 0 0 0 rg BT 67.85 406.10 Td (releases ) Tj ET Q q 0 0 0 rg BT 101.23 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 111.30 406.10 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 153.58 406.10 Td (substances ) Tj ET Q q 0 0 0 rg BT 198.09 406.10 Td (could ) Tj ET Q q 0 0 0 rg BT 222.04 406.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 252.11 406.10 Td (us ) Tj ET Q q 0 0 0 rg BT 262.74 406.10 Td (to ) Tj ET Q q 0 0 0 rg BT 272.26 406.10 Td (private ) Tj ET Q q 0 0 0 rg BT 301.76 406.10 Td (lawsuits ) Tj ET Q q 0 0 0 rg BT 336.28 406.10 Td (claiming ) Tj ET Q q 0 0 0 rg BT 373.01 406.10 Td (damages, ) Tj ET Q q 0 0 0 rg BT 412.24 406.10 Td (including ) Tj ET Q q 0 0 0 rg BT 451.75 406.10 Td (for ) Tj ET Q q 0 0 0 rg BT 465.15 406.10 Td (bodily ) Tj ET Q q 0 0 0 rg BT 492.45 406.10 Td (injury ) Tj ET Q q 0 0 0 rg BT 518.07 406.10 Td (or ) Tj ET Q q 0 0 0 rg BT 528.14 406.10 Td (property ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (damage, ) Tj ET Q q 0 0 0 rg BT 86.40 394.10 Td (and ) Tj ET Q q 0 0 0 rg BT 103.64 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 114.23 394.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 147.57 394.10 Td (publicity) Tj ET Q q 0 0 0 rg BT 182.47 394.10 Td (, ) Tj ET Q q 0 0 0 rg BT 187.78 394.10 Td (which ) Tj ET Q q 0 0 0 rg BT 215.02 394.10 Td (could ) Tj ET Q q 0 0 0 rg BT 240.04 394.10 Td (have ) Tj ET Q q 0 0 0 rg BT 261.72 394.10 Td (a ) Tj ET Q q 0 0 0 rg BT 268.97 394.10 Td (material ) Tj ET Q q 0 0 0 rg BT 304.53 394.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 337.87 394.10 Td (ef) Tj ET Q q 0 0 0 rg BT 345.46 394.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 363.25 394.10 Td (on ) Tj ET Q q 0 0 0 rg BT 376.06 394.10 Td (us. ) Tj ET Q q 0 0 0 rg BT 390.25 394.10 Td (Liabilities, ) Tj ET Q q 0 0 0 rg BT 436.11 394.10 Td (including ) Tj ET Q q 0 0 0 rg BT 476.68 394.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 498.92 394.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 524.23 394.10 Td (related ) Tj ET Q q 0 0 0 rg BT 554.24 394.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 99.07 382.10 Td (of ) Tj ET Q q 0 0 0 rg BT 108.72 382.10 Td (contaminated ) Tj ET Q q 0 0 0 rg BT 163.90 382.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 205.21 382.10 Td (are ) Tj ET Q q 0 0 0 rg BT 218.73 382.10 Td (not ) Tj ET Q q 0 0 0 rg BT 232.82 382.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 278.00 382.10 Td (by ) Tj ET Q q 0 0 0 rg BT 289.32 382.10 Td (us ) Tj ET Q q 0 0 0 rg BT 299.52 382.10 Td (until ) Tj ET Q q 0 0 0 rg BT 319.17 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.71 382.10 Td (related ) Tj ET Q q 0 0 0 rg BT 361.23 382.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 382.54 382.10 Td (are ) Tj ET Q q 0 0 0 rg BT 396.06 382.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 440.70 382.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 477.00 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 492.75 382.10 Td (can ) Tj ET Q q 0 0 0 rg BT 507.94 382.10 Td (be ) Tj ET Q q 0 0 0 rg BT 518.70 382.10 Td (reasonably ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (estimated.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (Actual ) Tj ET Q q 0 0 0 rg BT 80.57 346.10 Td (or) Tj ET Q q 0 0 0 rg BT 89.83 346.10 Td ( ) Tj ET Q q 0 0 0 rg BT 92.08 346.10 Td (per) Tj ET Q q 0 0 0 rg BT 106.33 346.10 Td (ceived ) Tj ET Q q 0 0 0 rg BT 135.23 346.10 Td (quality) Tj ET Q q 0 0 0 rg BT 164.69 346.10 Td (, ) Tj ET Q q 0 0 0 rg BT 169.43 346.10 Td (safety ) Tj ET Q q 0 0 0 rg BT 196.67 346.10 Td (or) Tj ET Q q 0 0 0 rg BT 205.93 346.10 Td ( ) Tj ET Q q 0 0 0 rg BT 208.17 346.10 Td (health ) Tj ET Q q 0 0 0 rg BT 237.08 346.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 259.89 346.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 305.46 346.10 Td (with ) Tj ET Q q 0 0 0 rg BT 326.60 346.10 Td (our) Tj ET Q q 0 0 0 rg BT 341.42 346.10 Td ( ) Tj ET Q q 0 0 0 rg BT 343.66 346.10 Td (pr) Tj ET Q q 0 0 0 rg BT 353.48 346.10 Td (oducts ) Tj ET Q q 0 0 0 rg BT 383.51 346.10 Td (could ) Tj ET Q q 0 0 0 rg BT 409.09 346.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 441.88 346.10 Td (us ) Tj ET Q q 0 0 0 rg BT 453.58 346.10 Td (to ) Tj ET Q q 0 0 0 rg BT 464.16 346.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 510.85 346.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 545.87 346.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (damage ) Tj ET Q q 0 0 0 rg BT 85.83 334.10 Td (our) Tj ET Q q 0 0 0 rg BT 100.65 334.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.15 334.10 Td (business ) Tj ET Q q 0 0 0 rg BT 141.23 334.10 Td (and ) Tj ET Q q 0 0 0 rg BT 159.85 334.10 Td (r) Tj ET Q q 0 0 0 rg BT 164.11 334.10 Td (eputation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 310.10 Td (If ) Tj ET Q q 0 0 0 rg BT 95.68 310.10 Td (any ) Tj ET Q q 0 0 0 rg BT 113.13 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 124.48 310.10 Td (our ) Tj ET Q q 0 0 0 rg BT 140.83 310.10 Td (food ) Tj ET Q q 0 0 0 rg BT 162.18 310.10 Td (or ) Tj ET Q q 0 0 0 rg BT 173.52 310.10 Td (animal ) Tj ET Q q 0 0 0 rg BT 203.75 310.10 Td (feed ) Tj ET Q q 0 0 0 rg BT 223.98 310.10 Td (products ) Tj ET Q q 0 0 0 rg BT 261.43 310.10 Td (became ) Tj ET Q q 0 0 0 rg BT 294.98 310.10 Td (adulterated ) Tj ET Q q 0 0 0 rg BT 342.42 310.10 Td (or ) Tj ET Q q 0 0 0 rg BT 353.77 310.10 Td (misbranded, ) Tj ET Q q 0 0 0 rg BT 405.94 310.10 Td (we ) Tj ET Q q 0 0 0 rg BT 420.62 310.10 Td (may ) Tj ET Q q 0 0 0 rg BT 440.85 310.10 Td (need ) Tj ET Q q 0 0 0 rg BT 462.75 310.10 Td (to ) Tj ET Q q 0 0 0 rg BT 473.54 310.10 Td (recall ) Tj ET Q q 0 0 0 rg BT 498.76 310.10 Td (those ) Tj ET Q q 0 0 0 rg BT 522.89 310.10 Td (items ) Tj ET Q q 0 0 0 rg BT 547.57 310.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (could ) Tj ET Q q 0 0 0 rg BT 74.94 298.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 120.97 298.10 Td (product ) Tj ET Q q 0 0 0 rg BT 154.25 298.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 188.08 298.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 216.91 298.10 Td (if ) Tj ET Q q 0 0 0 rg BT 225.75 298.10 Td (consumers ) Tj ET Q q 0 0 0 rg BT 271.24 298.10 Td (or ) Tj ET Q q 0 0 0 rg BT 282.30 298.10 Td (customers) Tj ET Q q 0 0 0 rg BT 325.43 298.10 Td ( ) Tj ET Q q 0 0 0 rg BT 328.16 298.10 Td (livestock ) Tj ET Q q 0 0 0 rg BT 366.99 298.10 Td (were ) Tj ET Q q 0 0 0 rg BT 389.15 298.10 Td (injured, ) Tj ET Q q 0 0 0 rg BT 422.70 298.10 Td (or ) Tj ET Q q 0 0 0 rg BT 433.76 298.10 Td (were ) Tj ET Q q 0 0 0 rg BT 455.91 298.10 Td (claimed ) Tj ET Q q 0 0 0 rg BT 490.29 298.10 Td (to ) Tj ET Q q 0 0 0 rg BT 500.80 298.10 Td (be ) Tj ET Q q 0 0 0 rg BT 512.96 298.10 Td (injured, ) Tj ET Q q 0 0 0 rg BT 546.51 298.10 Td (as ) Tj ET Q q 0 0 0 rg BT 557.57 298.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (result. ) Tj ET Q q 0 0 0 rg BT 77.05 286.10 Td (A) Tj ET Q q 0 0 0 rg BT 83.72 286.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.72 286.10 Td (widespread ) Tj ET Q q 0 0 0 rg BT 135.26 286.10 Td (product ) Tj ET Q q 0 0 0 rg BT 168.81 286.10 Td (recall ) Tj ET Q q 0 0 0 rg BT 194.01 286.10 Td (or ) Tj ET Q q 0 0 0 rg BT 205.34 286.10 Td (a ) Tj ET Q q 0 0 0 rg BT 212.78 286.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 257.99 286.10 Td (product ) Tj ET Q q 0 0 0 rg BT 291.53 286.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 325.64 286.10 Td (judgment ) Tj ET Q q 0 0 0 rg BT 366.41 286.10 Td (could ) Tj ET Q q 0 0 0 rg BT 391.63 286.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 416.84 286.10 Td (our ) Tj ET Q q 0 0 0 rg BT 433.17 286.10 Td (products ) Tj ET Q q 0 0 0 rg BT 470.60 286.10 Td (to ) Tj ET Q q 0 0 0 rg BT 481.38 286.10 Td (be ) Tj ET Q q 0 0 0 rg BT 493.82 286.10 Td (unavailable ) Tj ET Q q 0 0 0 rg BT 542.91 286.10 Td (for ) Tj ET Q q 0 0 0 rg BT 557.57 286.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (period ) Tj ET Q q 0 0 0 rg BT 78.81 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 90.41 274.10 Td (time ) Tj ET Q q 0 0 0 rg BT 111.45 274.10 Td (or ) Tj ET Q q 0 0 0 rg BT 123.05 274.10 Td (could ) Tj ET Q q 0 0 0 rg BT 148.53 274.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 174.00 274.10 Td (a ) Tj ET Q q 0 0 0 rg BT 181.71 274.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 200.54 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 212.13 274.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 254.28 274.10 Td (or ) Tj ET Q q 0 0 0 rg BT 265.87 274.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 305.80 274.10 Td (confidence ) Tj ET Q q 0 0 0 rg BT 352.92 274.10 Td (in ) Tj ET Q q 0 0 0 rg BT 363.97 274.10 Td (our ) Tj ET Q q 0 0 0 rg BT 380.57 274.10 Td (products. ) Tj ET Q q 0 0 0 rg BT 420.77 274.10 Td (Even ) Tj ET Q q 0 0 0 rg BT 444.58 274.10 Td (if ) Tj ET Q q 0 0 0 rg BT 453.96 274.10 Td (a ) Tj ET Q q 0 0 0 rg BT 461.67 274.10 Td (product ) Tj ET Q q 0 0 0 rg BT 495.48 274.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 529.85 274.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 555.33 274.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (unsuccessful ) Tj ET Q q 0 0 0 rg BT 104.01 262.10 Td (or ) Tj ET Q q 0 0 0 rg BT 115.25 262.10 Td (is ) Tj ET Q q 0 0 0 rg BT 124.83 262.10 Td (not ) Tj ET Q q 0 0 0 rg BT 140.52 262.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 162.31 262.10 Td (pursued, ) Tj ET Q q 0 0 0 rg BT 199.38 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.51 262.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 251.29 262.10 Td (publicity ) Tj ET Q q 0 0 0 rg BT 289.76 262.10 Td (surrounding ) Tj ET Q q 0 0 0 rg BT 341.00 262.10 Td (any ) Tj ET Q q 0 0 0 rg BT 358.34 262.10 Td (assertion ) Tj ET Q q 0 0 0 rg BT 396.80 262.10 Td (that ) Tj ET Q q 0 0 0 rg BT 414.71 262.10 Td (our ) Tj ET Q q 0 0 0 rg BT 430.95 262.10 Td (products ) Tj ET Q q 0 0 0 rg BT 468.30 262.10 Td (caused ) Tj ET Q q 0 0 0 rg BT 498.41 262.10 Td (illness ) Tj ET Q q 0 0 0 rg BT 526.88 262.10 Td (or ) Tj ET Q q 0 0 0 rg BT 538.12 262.10 Td (injury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (could ) Tj ET Q q 0 0 0 rg BT 75.17 250.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 116.43 250.10 Td (af) Tj ET Q q 0 0 0 rg BT 124.02 250.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 141.95 250.10 Td (our ) Tj ET Q q 0 0 0 rg BT 158.23 250.10 Td (business ) Tj ET Q q 0 0 0 rg BT 195.07 250.10 Td (and ) Tj ET Q q 0 0 0 rg BT 212.46 250.10 Td (reputation ) Tj ET Q q 0 0 0 rg BT 255.95 250.10 Td (with ) Tj ET Q q 0 0 0 rg BT 276.67 250.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 311.29 250.10 Td (and ) Tj ET Q q 0 0 0 rg BT 328.67 250.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 366.61 250.10 Td (consumers ) Tj ET Q q 0 0 0 rg BT 412.33 250.10 Td (and ) Tj ET Q q 0 0 0 rg BT 429.71 250.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 473.21 250.10 Td (and ) Tj ET Q q 0 0 0 rg BT 490.60 250.10 Td (our ) Tj ET Q q 0 0 0 rg BT 506.87 250.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 547.58 250.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (brand ) Tj ET Q q 0 0 0 rg BT 75.48 238.10 Td (image. ) Tj ET Q q 0 0 0 rg BT 105.13 238.10 Td (Moreover) Tj ET Q q 0 0 0 rg BT 144.16 238.10 Td (, ) Tj ET Q q 0 0 0 rg BT 149.38 238.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 178.20 238.10 Td (or ) Tj ET Q q 0 0 0 rg BT 189.25 238.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 229.18 238.10 Td (of ) Tj ET Q q 0 0 0 rg BT 240.23 238.10 Td (this ) Tj ET Q q 0 0 0 rg BT 257.39 238.10 Td (sort ) Tj ET Q q 0 0 0 rg BT 275.11 238.10 Td (might ) Tj ET Q q 0 0 0 rg BT 301.16 238.10 Td (not ) Tj ET Q q 0 0 0 rg BT 316.65 238.10 Td (be ) Tj ET Q q 0 0 0 rg BT 328.81 238.10 Td (covered ) Tj ET Q q 0 0 0 rg BT 363.17 238.10 Td (by ) Tj ET Q q 0 0 0 rg BT 375.88 238.10 Td (our ) Tj ET Q q 0 0 0 rg BT 391.93 238.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 432.96 238.10 Td (or ) Tj ET Q q 0 0 0 rg BT 444.01 238.10 Td (by ) Tj ET Q q 0 0 0 rg BT 456.73 238.10 Td (any ) Tj ET Q q 0 0 0 rg BT 473.88 238.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 499.38 238.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.42 238.10 Td (indemnity ) Tj ET Q q 0 0 0 rg BT 553.69 238.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 101.40 226.10 Td (that ) Tj ET Q q 0 0 0 rg BT 118.91 226.10 Td (we ) Tj ET Q q 0 0 0 rg BT 133.09 226.10 Td (may ) Tj ET Q q 0 0 0 rg BT 152.82 226.10 Td (have ) Tj ET Q q 0 0 0 rg BT 174.22 226.10 Td (against ) Tj ET Q q 0 0 0 rg BT 205.06 226.10 Td (others. ) Tj ET Q q 0 0 0 rg BT 234.51 226.10 Td (In ) Tj ET Q q 0 0 0 rg BT 245.36 226.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 283.15 226.10 Td (general ) Tj ET Q q 0 0 0 rg BT 315.09 226.10 Td (public ) Tj ET Q q 0 0 0 rg BT 342.60 226.10 Td (perceptions ) Tj ET Q q 0 0 0 rg BT 391.22 226.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 432.05 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 446.78 226.10 Td (quality) Tj ET Q q 0 0 0 rg BT 473.91 226.10 Td (, ) Tj ET Q q 0 0 0 rg BT 478.92 226.10 Td (safety ) Tj ET Q q 0 0 0 rg BT 505.32 226.10 Td (or ) Tj ET Q q 0 0 0 rg BT 516.16 226.10 Td (health ) Tj ET Q q 0 0 0 rg BT 543.12 226.10 Td (risks ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 94.43 214.10 Td (with ) Tj ET Q q 0 0 0 rg BT 115.54 214.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 157.18 214.10 Td (food ) Tj ET Q q 0 0 0 rg BT 178.84 214.10 Td (or ) Tj ET Q q 0 0 0 rg BT 190.50 214.10 Td (animal ) Tj ET Q q 0 0 0 rg BT 221.04 214.10 Td (feed ) Tj ET Q q 0 0 0 rg BT 241.58 214.10 Td (products, ) Tj ET Q q 0 0 0 rg BT 281.85 214.10 Td (such ) Tj ET Q q 0 0 0 rg BT 303.51 214.10 Td (as ) Tj ET Q q 0 0 0 rg BT 315.18 214.10 Td (concerns ) Tj ET Q q 0 0 0 rg BT 354.04 214.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 395.69 214.10 Td (genetically ) Tj ET Q q 0 0 0 rg BT 442.89 214.10 Td (modified ) Tj ET Q q 0 0 0 rg BT 482.33 214.10 Td (crops, ) Tj ET Q q 0 0 0 rg BT 509.82 214.10 Td (could ) Tj ET Q q 0 0 0 rg BT 535.37 214.10 Td (reduce ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 83.91 202.10 Td (and ) Tj ET Q q 0 0 0 rg BT 100.60 202.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 126.72 202.10 Td (for ) Tj ET Q q 0 0 0 rg BT 140.63 202.10 Td (some ) Tj ET Q q 0 0 0 rg BT 163.99 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 174.58 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 189.04 202.10 Td (products ) Tj ET Q q 0 0 0 rg BT 225.73 202.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 269.08 202.10 Td (with ) Tj ET Q q 0 0 0 rg BT 289.11 202.10 Td (our ) Tj ET Q q 0 0 0 rg BT 304.69 202.10 Td (businesses. ) Tj ET Q q 0 0 0 rg BT 351.50 202.10 Td (T) Tj ET Q q 0 0 0 rg BT 356.91 202.10 Td (o ) Tj ET Q q 0 0 0 rg BT 364.16 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 378.63 202.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 405.31 202.10 Td (that ) Tj ET Q q 0 0 0 rg BT 422.56 202.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 463.69 202.10 Td (preferences ) Tj ET Q q 0 0 0 rg BT 512.01 202.10 Td (evolve ) Tj ET Q q 0 0 0 rg BT 540.92 202.10 Td (away ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (from ) Tj ET Q q 0 0 0 rg BT 71.48 190.10 Td (products ) Tj ET Q q 0 0 0 rg BT 107.96 190.10 Td (that ) Tj ET Q q 0 0 0 rg BT 125.00 190.10 Td (our ) Tj ET Q q 0 0 0 rg BT 140.37 190.10 Td (members ) Tj ET Q q 0 0 0 rg BT 179.07 190.10 Td (or ) Tj ET Q q 0 0 0 rg BT 189.44 190.10 Td (we ) Tj ET Q q 0 0 0 rg BT 203.15 190.10 Td (produce ) Tj ET Q q 0 0 0 rg BT 237.39 190.10 Td (for ) Tj ET Q q 0 0 0 rg BT 251.10 190.10 Td (health ) Tj ET Q q 0 0 0 rg BT 277.57 190.10 Td (or ) Tj ET Q q 0 0 0 rg BT 287.95 190.10 Td (other ) Tj ET Q q 0 0 0 rg BT 310.54 190.10 Td (reasons, ) Tj ET Q q 0 0 0 rg BT 345.07 190.10 Td (such ) Tj ET Q q 0 0 0 rg BT 365.44 190.10 Td (as ) Tj ET Q q 0 0 0 rg BT 375.81 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.07 190.10 Td (growing ) Tj ET Q q 0 0 0 rg BT 425.44 190.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 459.14 190.10 Td (for ) Tj ET Q q 0 0 0 rg BT 472.85 190.10 Td (or) Tj ET Q q 0 0 0 rg BT 480.99 190.10 Td (ganic ) Tj ET Q q 0 0 0 rg BT 504.69 190.10 Td (food ) Tj ET Q q 0 0 0 rg BT 525.06 190.10 Td (products, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.29 178.10 Td (we ) Tj ET Q q 0 0 0 rg BT 81.79 178.10 Td (are ) Tj ET Q q 0 0 0 rg BT 96.85 178.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 126.35 178.10 Td (to ) Tj ET Q q 0 0 0 rg BT 136.97 178.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 171.47 178.10 Td (or ) Tj ET Q q 0 0 0 rg BT 182.65 178.10 Td (procure ) Tj ET Q q 0 0 0 rg BT 216.04 178.10 Td (products ) Tj ET Q q 0 0 0 rg BT 253.32 178.10 Td (that ) Tj ET Q q 0 0 0 rg BT 271.16 178.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 300.12 178.10 Td (new ) Tj ET Q q 0 0 0 rg BT 319.62 178.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 361.35 178.10 Td (preferences, ) Tj ET Q q 0 0 0 rg BT 412.77 178.10 Td (there ) Tj ET Q q 0 0 0 rg BT 435.60 178.10 Td (will ) Tj ET Q q 0 0 0 rg BT 454.00 178.10 Td (be ) Tj ET Q q 0 0 0 rg BT 466.29 178.10 Td (a ) Tj ET Q q 0 0 0 rg BT 473.57 178.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 515.83 178.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 550.34 178.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.81 166.10 Td (products, ) Tj ET Q q 0 0 0 rg BT 105.23 166.10 Td (which ) Tj ET Q q 0 0 0 rg BT 132.15 166.10 Td (could ) Tj ET Q q 0 0 0 rg BT 156.85 166.10 Td (have ) Tj ET Q q 0 0 0 rg BT 178.20 166.10 Td (a ) Tj ET Q q 0 0 0 rg BT 185.12 166.10 Td (material ) Tj ET Q q 0 0 0 rg BT 220.36 166.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 253.38 166.10 Td (ef) Tj ET Q q 0 0 0 rg BT 260.97 166.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 278.43 166.10 Td (on ) Tj ET Q q 0 0 0 rg BT 290.91 166.10 Td (our ) Tj ET Q q 0 0 0 rg BT 306.72 166.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 345.60 166.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 383.06 166.10 Td (condition, ) Tj ET Q q 0 0 0 rg BT 425.81 166.10 Td (liquidity) Tj ET Q q 0 0 0 rg BT 459.05 166.10 Td (, ) Tj ET Q q 0 0 0 rg BT 464.03 166.10 Td (results ) Tj ET Q q 0 0 0 rg BT 492.62 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 503.43 166.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 547.57 166.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (prospects.) Tj ET Q endstream endobj 35 0 obj <>] /Rotate 0 /Contents 36 0 R>> endobj 36 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Our) Tj ET Q q 0 0 0 rg BT 67.60 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 70.10 742.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 109.82 742.25 Td (r) Tj ET Q q 0 0 0 rg BT 114.08 742.25 Td (esults ) Tj ET Q q 0 0 0 rg BT 140.47 742.25 Td (ar) Tj ET Q q 0 0 0 rg BT 149.73 742.25 Td (e ) Tj ET Q q 0 0 0 rg BT 156.67 742.25 Td (susceptible ) Tj ET Q q 0 0 0 rg BT 205.84 742.25 Td (to ) Tj ET Q q 0 0 0 rg BT 216.67 742.25 Td (seasonality) Tj ET Q q 0 0 0 rg BT 262.79 742.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 718.25 Td (Many ) Tj ET Q q 0 0 0 rg BT 112.65 718.25 Td (of ) Tj ET Q q 0 0 0 rg BT 124.30 718.25 Td (our ) Tj ET Q q 0 0 0 rg BT 140.94 718.25 Td (business ) Tj ET Q q 0 0 0 rg BT 178.15 718.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 217.57 718.25 Td (are ) Tj ET Q q 0 0 0 rg BT 233.09 718.25 Td (highly ) Tj ET Q q 0 0 0 rg BT 261.97 718.25 Td (seasonal ) Tj ET Q q 0 0 0 rg BT 299.16 718.25 Td (and ) Tj ET Q q 0 0 0 rg BT 316.92 718.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 358.00 718.25 Td (results ) Tj ET Q q 0 0 0 rg BT 387.43 718.25 Td (vary ) Tj ET Q q 0 0 0 rg BT 408.51 718.25 Td (throughout ) Tj ET Q q 0 0 0 rg BT 455.72 718.25 Td (the ) Tj ET Q q 0 0 0 rg BT 471.25 718.25 Td (year) Tj ET Q q 0 0 0 rg BT 487.91 718.25 Td (. ) Tj ET Q q 0 0 0 rg BT 493.73 718.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 512.60 718.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 547.56 718.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (income ) Tj ET Q q 0 0 0 rg BT 81.78 706.25 Td (are ) Tj ET Q q 0 0 0 rg BT 96.33 706.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 135.87 706.25 Td (lowest ) Tj ET Q q 0 0 0 rg BT 164.33 706.25 Td (during ) Tj ET Q q 0 0 0 rg BT 192.78 706.25 Td (the ) Tj ET Q q 0 0 0 rg BT 207.34 706.25 Td (second ) Tj ET Q q 0 0 0 rg BT 237.45 706.25 Td (and ) Tj ET Q q 0 0 0 rg BT 254.23 706.25 Td (fourth ) Tj ET Q q 0 0 0 rg BT 281.02 706.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 305.01 706.25 Td (quarters ) Tj ET Q q 0 0 0 rg BT 339.57 706.25 Td (and ) Tj ET Q q 0 0 0 rg BT 356.35 706.25 Td (highest ) Tj ET Q q 0 0 0 rg BT 387.58 706.25 Td (during ) Tj ET Q q 0 0 0 rg BT 416.03 706.25 Td (the ) Tj ET Q q 0 0 0 rg BT 430.59 706.25 Td (first ) Tj ET Q q 0 0 0 rg BT 449.04 706.25 Td (and ) Tj ET Q q 0 0 0 rg BT 465.83 706.25 Td (third ) Tj ET Q q 0 0 0 rg BT 487.06 706.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 511.05 706.25 Td (quarters. ) Tj ET Q q 0 0 0 rg BT 548.11 706.25 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (example, ) Tj ET Q q 0 0 0 rg BT 88.02 694.25 Td (in ) Tj ET Q q 0 0 0 rg BT 97.45 694.25 Td (our ) Tj ET Q q 0 0 0 rg BT 112.07 694.25 Td (Ag ) Tj ET Q q 0 0 0 rg BT 125.94 694.25 Td (segment, ) Tj ET Q q 0 0 0 rg BT 163.42 694.25 Td (our ) Tj ET Q q 0 0 0 rg BT 178.40 694.25 Td (crop ) Tj ET Q q 0 0 0 rg BT 197.82 694.25 Td (nutrients ) Tj ET Q q 0 0 0 rg BT 234.47 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 250.56 694.25 Td (country ) Tj ET Q q 0 0 0 rg BT 282.76 694.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 326.07 694.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 369.94 694.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 408.79 694.25 Td (experience ) Tj ET Q q 0 0 0 rg BT 453.75 694.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 480.95 694.25 Td (volumes ) Tj ET Q q 0 0 0 rg BT 516.48 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 532.58 694.25 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (during ) Tj ET Q q 0 0 0 rg BT 77.96 682.25 Td (the ) Tj ET Q q 0 0 0 rg BT 92.03 682.25 Td (spring ) Tj ET Q q 0 0 0 rg BT 118.88 682.25 Td (planting ) Tj ET Q q 0 0 0 rg BT 153.51 682.25 Td (season ) Tj ET Q q 0 0 0 rg BT 182.02 682.25 Td (and ) Tj ET Q q 0 0 0 rg BT 198.31 682.25 Td (during ) Tj ET Q q 0 0 0 rg BT 226.27 682.25 Td (the ) Tj ET Q q 0 0 0 rg BT 240.34 682.25 Td (fall ) Tj ET Q q 0 0 0 rg BT 255.52 682.25 Td (harvest ) Tj ET Q q 0 0 0 rg BT 286.25 682.25 Td (season. ) Tj ET Q q 0 0 0 rg BT 317.26 682.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 334.66 682.25 Td (grain ) Tj ET Q q 0 0 0 rg BT 357.06 682.25 Td (marketing ) Tj ET Q q 0 0 0 rg BT 399.45 682.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 442.96 682.25 Td (are ) Tj ET Q q 0 0 0 rg BT 457.02 682.25 Td (also ) Tj ET Q q 0 0 0 rg BT 474.98 682.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 505.16 682.25 Td (to ) Tj ET Q q 0 0 0 rg BT 514.79 682.25 Td (fluctuations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.63 670.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 93.48 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 110.77 670.25 Td (income ) Tj ET Q q 0 0 0 rg BT 143.05 670.25 Td (based ) Tj ET Q q 0 0 0 rg BT 168.67 670.25 Td (on ) Tj ET Q q 0 0 0 rg BT 181.52 670.25 Td (producer ) Tj ET Q q 0 0 0 rg BT 219.91 670.25 Td (harvests, ) Tj ET Q q 0 0 0 rg BT 258.03 670.25 Td (world ) Tj ET Q q 0 0 0 rg BT 284.21 670.25 Td (grain ) Tj ET Q q 0 0 0 rg BT 307.61 670.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 334.34 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 351.63 670.25 Td (demand. ) Tj ET Q q 0 0 0 rg BT 388.64 670.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 407.04 670.25 Td (Ener) Tj ET Q q 0 0 0 rg BT 425.74 670.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 438.59 670.25 Td (segment ) Tj ET Q q 0 0 0 rg BT 474.77 670.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 514.82 670.25 Td (experiences ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 78.13 658.25 Td (volumes ) Tj ET Q q 0 0 0 rg BT 114.59 658.25 Td (and ) Tj ET Q q 0 0 0 rg BT 131.61 658.25 Td (income ) Tj ET Q q 0 0 0 rg BT 163.63 658.25 Td (in ) Tj ET Q q 0 0 0 rg BT 173.99 658.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 203.77 658.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 244.11 658.25 Td (areas, ) Tj ET Q q 0 0 0 rg BT 269.73 658.25 Td (such ) Tj ET Q q 0 0 0 rg BT 290.64 658.25 Td (as ) Tj ET Q q 0 0 0 rg BT 301.55 658.25 Td (refined ) Tj ET Q q 0 0 0 rg BT 332.45 658.25 Td (products, ) Tj ET Q q 0 0 0 rg BT 371.97 658.25 Td (in ) Tj ET Q q 0 0 0 rg BT 382.33 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 397.12 658.25 Td (summer ) Tj ET Q q 0 0 0 rg BT 431.92 658.25 Td (and ) Tj ET Q q 0 0 0 rg BT 448.94 658.25 Td (early ) Tj ET Q q 0 0 0 rg BT 471.51 658.25 Td (fall ) Tj ET Q q 0 0 0 rg BT 487.41 658.25 Td (when ) Tj ET Q q 0 0 0 rg BT 511.65 658.25 Td (gasoline ) Tj ET Q q 0 0 0 rg BT 547.56 658.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (diesel ) Tj ET Q q 0 0 0 rg BT 76.73 646.25 Td (fuel ) Tj ET Q q 0 0 0 rg BT 95.69 646.25 Td (usage ) Tj ET Q q 0 0 0 rg BT 121.86 646.25 Td (by ) Tj ET Q q 0 0 0 rg BT 135.27 646.25 Td (our ) Tj ET Q q 0 0 0 rg BT 152.01 646.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 195.96 646.25 Td (and ) Tj ET Q q 0 0 0 rg BT 213.81 646.25 Td (members ) Tj ET Q q 0 0 0 rg BT 253.87 646.25 Td (is ) Tj ET Q q 0 0 0 rg BT 263.95 646.25 Td (highest ) Tj ET Q q 0 0 0 rg BT 296.24 646.25 Td (and ) Tj ET Q q 0 0 0 rg BT 314.09 646.25 Td (is ) Tj ET Q q 0 0 0 rg BT 324.16 646.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 355.90 646.25 Td (to ) Tj ET Q q 0 0 0 rg BT 367.08 646.25 Td (global ) Tj ET Q q 0 0 0 rg BT 395.48 646.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 425.56 646.25 Td (and ) Tj ET Q q 0 0 0 rg BT 443.41 646.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 478.47 646.25 Td (forces. ) Tj ET Q q 0 0 0 rg BT 508.80 646.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 534.98 646.25 Td (ener) Tj ET Q q 0 0 0 rg BT 552.01 646.25 Td (gy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (products, ) Tj ET Q q 0 0 0 rg BT 89.44 634.25 Td (such ) Tj ET Q q 0 0 0 rg BT 110.27 634.25 Td (as ) Tj ET Q q 0 0 0 rg BT 121.10 634.25 Td (propane, ) Tj ET Q q 0 0 0 rg BT 158.31 634.25 Td (may ) Tj ET Q q 0 0 0 rg BT 178.02 634.25 Td (experience ) Tj ET Q q 0 0 0 rg BT 223.82 634.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 251.87 634.25 Td (volumes ) Tj ET Q q 0 0 0 rg BT 288.26 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 305.20 634.25 Td (income ) Tj ET Q q 0 0 0 rg BT 337.13 634.25 Td (during ) Tj ET Q q 0 0 0 rg BT 365.74 634.25 Td (the ) Tj ET Q q 0 0 0 rg BT 380.45 634.25 Td (winter ) Tj ET Q q 0 0 0 rg BT 408.50 634.25 Td (heating ) Tj ET Q q 0 0 0 rg BT 440.43 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 457.37 634.25 Td (crop ) Tj ET Q q 0 0 0 rg BT 477.64 634.25 Td (drying ) Tj ET Q q 0 0 0 rg BT 506.25 634.25 Td (seasons.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (Our) Tj ET Q q 0 0 0 rg BT 67.60 610.25 Td ( ) Tj ET Q q 0 0 0 rg BT 70.08 610.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 117.57 610.25 Td (ar) Tj ET Q q 0 0 0 rg BT 126.82 610.25 Td (e ) Tj ET Q q 0 0 0 rg BT 133.75 610.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 166.78 610.25 Td (to ) Tj ET Q q 0 0 0 rg BT 177.60 610.25 Td (business ) Tj ET Q q 0 0 0 rg BT 215.66 610.25 Td (interruptions ) Tj ET Q q 0 0 0 rg BT 274.81 610.25 Td (and ) Tj ET Q q 0 0 0 rg BT 293.42 610.25 Td (casualty ) Tj ET Q q 0 0 0 rg BT 330.90 610.25 Td (losses; ) Tj ET Q q 0 0 0 rg BT 360.61 610.25 Td (we ) Tj ET Q q 0 0 0 rg BT 374.75 610.25 Td (do ) Tj ET Q q 0 0 0 rg BT 387.80 610.25 Td (not ) Tj ET Q q 0 0 0 rg BT 404.18 610.25 Td (insur) Tj ET Q q 0 0 0 rg BT 426.23 610.25 Td (e ) Tj ET Q q 0 0 0 rg BT 433.15 610.25 Td (against ) Tj ET Q q 0 0 0 rg BT 466.20 610.25 Td (all ) Tj ET Q q 0 0 0 rg BT 479.24 610.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 519.50 610.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 545.88 610.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (could ) Tj ET Q q 0 0 0 rg BT 75.84 598.25 Td (be ) Tj ET Q q 0 0 0 rg BT 88.34 598.25 Td (seriously ) Tj ET Q q 0 0 0 rg BT 128.62 598.25 Td (harmed ) Tj ET Q q 0 0 0 rg BT 164.45 598.25 Td (by ) Tj ET Q q 0 0 0 rg BT 177.51 598.25 Td (unanticipated ) Tj ET Q q 0 0 0 rg BT 238.91 598.25 Td (liabilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 574.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 105.51 574.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 151.13 574.25 Td (are ) Tj ET Q q 0 0 0 rg BT 167.30 574.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 199.59 574.25 Td (to ) Tj ET Q q 0 0 0 rg BT 211.33 574.25 Td (business ) Tj ET Q q 0 0 0 rg BT 249.18 574.25 Td (interruptions ) Tj ET Q q 0 0 0 rg BT 304.25 574.25 Td (due ) Tj ET Q q 0 0 0 rg BT 322.65 574.25 Td (to ) Tj ET Q q 0 0 0 rg BT 334.39 574.25 Td (unanticipated ) Tj ET Q q 0 0 0 rg BT 392.22 574.25 Td (events ) Tj ET Q q 0 0 0 rg BT 421.73 574.25 Td (such ) Tj ET Q q 0 0 0 rg BT 444.02 574.25 Td (as ) Tj ET Q q 0 0 0 rg BT 456.31 574.25 Td (explosions, ) Tj ET Q q 0 0 0 rg BT 505.56 574.25 Td (fires, ) Tj ET Q q 0 0 0 rg BT 529.79 574.25 Td (pipeline ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (interruptions, ) Tj ET Q q 0 0 0 rg BT 105.95 562.25 Td (transportation ) Tj ET Q q 0 0 0 rg BT 163.84 562.25 Td (delays, ) Tj ET Q q 0 0 0 rg BT 194.24 562.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 238.79 562.25 Td (failures, ) Tj ET Q q 0 0 0 rg BT 273.63 562.25 Td (crude ) Tj ET Q q 0 0 0 rg BT 298.18 562.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 311.09 562.25 Td (or ) Tj ET Q q 0 0 0 rg BT 321.76 562.25 Td (refined ) Tj ET Q q 0 0 0 rg BT 352.43 562.25 Td (product ) Tj ET Q q 0 0 0 rg BT 385.32 562.25 Td (spills, ) Tj ET Q q 0 0 0 rg BT 411.29 562.25 Td (inclement ) Tj ET Q q 0 0 0 rg BT 453.06 562.25 Td (weather ) Tj ET Q q 0 0 0 rg BT 487.06 562.25 Td (and ) Tj ET Q q 0 0 0 rg BT 503.84 562.25 Td (labor ) Tj ET Q q 0 0 0 rg BT 526.74 562.25 Td (disputes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (For ) Tj ET Q q 0 0 0 rg BT 66.39 550.25 Td (example:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 526.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 526.25 Td (our ) Tj ET Q q 0 0 0 rg BT 119.06 526.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 131.35 526.25 Td (refineries ) Tj ET Q q 0 0 0 rg BT 170.84 526.25 Td (and ) Tj ET Q q 0 0 0 rg BT 187.01 526.25 Td (other ) Tj ET Q q 0 0 0 rg BT 209.29 526.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 245.45 526.25 Td (are ) Tj ET Q q 0 0 0 rg BT 259.39 526.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 296.11 526.25 Td (tar) Tj ET Q q 0 0 0 rg BT 306.48 526.25 Td (gets ) Tj ET Q q 0 0 0 rg BT 324.32 526.25 Td (for ) Tj ET Q q 0 0 0 rg BT 337.71 526.25 Td (terrorist ) Tj ET Q q 0 0 0 rg BT 371.10 526.25 Td (attacks ) Tj ET Q q 0 0 0 rg BT 400.59 526.25 Td (that ) Tj ET Q q 0 0 0 rg BT 417.32 526.25 Td (could ) Tj ET Q q 0 0 0 rg BT 441.27 526.25 Td (halt ) Tj ET Q q 0 0 0 rg BT 458.00 526.25 Td (or ) Tj ET Q q 0 0 0 rg BT 468.06 526.25 Td (discontinue ) Tj ET Q q 0 0 0 rg BT 515.90 526.25 Td (production;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 502.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 502.25 Td (our ) Tj ET Q q 0 0 0 rg BT 120.44 502.25 Td (inability ) Tj ET Q q 0 0 0 rg BT 156.89 502.25 Td (to ) Tj ET Q q 0 0 0 rg BT 167.78 502.25 Td (negotiate ) Tj ET Q q 0 0 0 rg BT 207.54 502.25 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 252.84 502.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 292.05 502.25 Td (with ) Tj ET Q q 0 0 0 rg BT 312.94 502.25 Td (unionized ) Tj ET Q q 0 0 0 rg BT 355.48 502.25 Td (workers ) Tj ET Q q 0 0 0 rg BT 390.81 502.25 Td (in ) Tj ET Q q 0 0 0 rg BT 401.70 502.25 Td (our ) Tj ET Q q 0 0 0 rg BT 418.14 502.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 462.91 502.25 Td (could ) Tj ET Q q 0 0 0 rg BT 488.24 502.25 Td (result ) Tj ET Q q 0 0 0 rg BT 513.57 502.25 Td (in ) Tj ET Q q 0 0 0 rg BT 524.46 502.25 Td (strikes ) Tj ET Q q 0 0 0 rg BT 553.68 502.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 490.25 Td (work ) Tj ET Q q 0 0 0 rg BT 127.05 490.25 Td (stoppages;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 466.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 466.25 Td (our ) Tj ET Q q 0 0 0 rg BT 120.12 466.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 160.66 466.25 Td (headquarters, ) Tj ET Q q 0 0 0 rg BT 217.02 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 232.03 466.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 269.24 466.25 Td (we ) Tj ET Q q 0 0 0 rg BT 283.69 466.25 Td (own ) Tj ET Q q 0 0 0 rg BT 303.69 466.25 Td (or ) Tj ET Q q 0 0 0 rg BT 314.81 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 329.81 466.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 374.81 466.25 Td (inventories ) Tj ET Q q 0 0 0 rg BT 422.03 466.25 Td (that ) Tj ET Q q 0 0 0 rg BT 439.81 466.25 Td (we ) Tj ET Q q 0 0 0 rg BT 454.26 466.25 Td (carry ) Tj ET Q q 0 0 0 rg BT 477.58 466.25 Td (could ) Tj ET Q q 0 0 0 rg BT 502.58 466.25 Td (be ) Tj ET Q q 0 0 0 rg BT 514.81 466.25 Td (damaged ) Tj ET Q q 0 0 0 rg BT 553.69 466.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 454.25 Td (destroyed ) Tj ET Q q 0 0 0 rg BT 145.38 454.25 Td (by ) Tj ET Q q 0 0 0 rg BT 157.88 454.25 Td (catastrophic ) Tj ET Q q 0 0 0 rg BT 208.69 454.25 Td (events, ) Tj ET Q q 0 0 0 rg BT 239.23 454.25 Td (extreme ) Tj ET Q q 0 0 0 rg BT 273.94 454.25 Td (weather ) Tj ET Q q 0 0 0 rg BT 308.08 454.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 352.25 454.25 Td (or ) Tj ET Q q 0 0 0 rg BT 363.08 454.25 Td (contamination;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 430.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 430.25 Td (someone ) Tj ET Q q 0 0 0 rg BT 142.79 430.25 Td (may ) Tj ET Q q 0 0 0 rg BT 163.24 430.25 Td (accidentally ) Tj ET Q q 0 0 0 rg BT 214.79 430.25 Td (or ) Tj ET Q q 0 0 0 rg BT 226.35 430.25 Td (intentionally ) Tj ET Q q 0 0 0 rg BT 280.14 430.25 Td (introduce ) Tj ET Q q 0 0 0 rg BT 321.14 430.25 Td (a ) Tj ET Q q 0 0 0 rg BT 328.82 430.25 Td (computer ) Tj ET Q q 0 0 0 rg BT 369.82 430.25 Td (virus ) Tj ET Q q 0 0 0 rg BT 393.06 430.25 Td (to ) Tj ET Q q 0 0 0 rg BT 404.08 430.25 Td (our ) Tj ET Q q 0 0 0 rg BT 420.65 430.25 Td (information ) Tj ET Q q 0 0 0 rg BT 471.10 430.25 Td (technology ) Tj ET Q q 0 0 0 rg BT 518.77 430.25 Td (systems ) Tj ET Q q 0 0 0 rg BT 553.68 430.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 418.25 Td (breach ) Tj ET Q q 0 0 0 rg BT 133.15 418.25 Td (our ) Tj ET Q q 0 0 0 rg BT 148.98 418.25 Td (computer ) Tj ET Q q 0 0 0 rg BT 189.24 418.25 Td (systems ) Tj ET Q q 0 0 0 rg BT 223.41 418.25 Td (or ) Tj ET Q q 0 0 0 rg BT 234.24 418.25 Td (other ) Tj ET Q q 0 0 0 rg BT 257.29 418.25 Td (cyber ) Tj ET Q q 0 0 0 rg BT 281.99 418.25 Td (resources; ) Tj ET Q q 0 0 0 rg BT 325.03 418.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 394.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 394.25 Td (an ) Tj ET Q q 0 0 0 rg BT 115.49 394.25 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 161.39 394.25 Td (of ) Tj ET Q q 0 0 0 rg BT 171.77 394.25 Td (a ) Tj ET Q q 0 0 0 rg BT 178.25 394.25 Td (pandemic ) Tj ET Q q 0 0 0 rg BT 219.17 394.25 Td (flu ) Tj ET Q q 0 0 0 rg BT 232.33 394.25 Td (or ) Tj ET Q q 0 0 0 rg BT 242.71 394.25 Td (other ) Tj ET Q q 0 0 0 rg BT 265.30 394.25 Td (disease ) Tj ET Q q 0 0 0 rg BT 296.23 394.25 Td (af) Tj ET Q q 0 0 0 rg BT 303.82 394.25 Td (fecting ) Tj ET Q q 0 0 0 rg BT 333.63 394.25 Td (a ) Tj ET Q q 0 0 0 rg BT 340.12 394.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 384.94 394.25 Td (part ) Tj ET Q q 0 0 0 rg BT 402.53 394.25 Td (of ) Tj ET Q q 0 0 0 rg BT 412.91 394.25 Td (our ) Tj ET Q q 0 0 0 rg BT 428.29 394.25 Td (workforce ) Tj ET Q q 0 0 0 rg BT 471.43 394.25 Td (or ) Tj ET Q q 0 0 0 rg BT 481.81 394.25 Td (our ) Tj ET Q q 0 0 0 rg BT 497.18 394.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 539.78 394.25 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 382.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 128.71 382.25 Td (an ) Tj ET Q q 0 0 0 rg BT 140.65 382.25 Td (interruption ) Tj ET Q q 0 0 0 rg BT 190.36 382.25 Td (in ) Tj ET Q q 0 0 0 rg BT 200.64 382.25 Td (our ) Tj ET Q q 0 0 0 rg BT 216.47 382.25 Td (business ) Tj ET Q q 0 0 0 rg BT 252.86 382.25 Td (operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 358.25 Td (The ) Tj ET Q q 0 0 0 rg BT 103.40 358.25 Td (ef) Tj ET Q q 0 0 0 rg BT 110.99 358.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 131.71 358.25 Td (of ) Tj ET Q q 0 0 0 rg BT 141.89 358.25 Td (any ) Tj ET Q q 0 0 0 rg BT 158.18 358.25 Td (of ) Tj ET Q q 0 0 0 rg BT 168.36 358.25 Td (these ) Tj ET Q q 0 0 0 rg BT 190.76 358.25 Td (events ) Tj ET Q q 0 0 0 rg BT 218.16 358.25 Td (could ) Tj ET Q q 0 0 0 rg BT 242.23 358.25 Td (be ) Tj ET Q q 0 0 0 rg BT 253.51 358.25 Td (significant. ) Tj ET Q q 0 0 0 rg BT 299.94 358.25 Td (W) Tj ET Q q 0 0 0 rg BT 308.58 358.25 Td (e ) Tj ET Q q 0 0 0 rg BT 314.87 358.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 351.71 358.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 391.88 358.25 Td (coverage ) Tj ET Q q 0 0 0 rg BT 429.81 358.25 Td (against ) Tj ET Q q 0 0 0 rg BT 459.99 358.25 Td (many) Tj ET Q q 0 0 0 rg BT 481.55 358.25 Td (, ) Tj ET Q q 0 0 0 rg BT 485.91 358.25 Td (but ) Tj ET Q q 0 0 0 rg BT 500.53 358.25 Td (not ) Tj ET Q q 0 0 0 rg BT 515.16 358.25 Td (all ) Tj ET Q q 0 0 0 rg BT 527.01 358.25 Td (potential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 76.82 346.25 Td (or ) Tj ET Q q 0 0 0 rg BT 88.07 346.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 128.22 346.25 Td (arising ) Tj ET Q q 0 0 0 rg BT 158.36 346.25 Td (from ) Tj ET Q q 0 0 0 rg BT 180.73 346.25 Td (these ) Tj ET Q q 0 0 0 rg BT 204.20 346.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 244.89 346.25 Td (hazards, ) Tj ET Q q 0 0 0 rg BT 280.85 346.25 Td (but ) Tj ET Q q 0 0 0 rg BT 296.56 346.25 Td (uninsured ) Tj ET Q q 0 0 0 rg BT 338.92 346.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 365.74 346.25 Td (or ) Tj ET Q q 0 0 0 rg BT 377.00 346.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 403.81 346.25 Td (above ) Tj ET Q q 0 0 0 rg BT 430.62 346.25 Td (our ) Tj ET Q q 0 0 0 rg BT 446.87 346.25 Td (coverage ) Tj ET Q q 0 0 0 rg BT 485.88 346.25 Td (limits ) Tj ET Q q 0 0 0 rg BT 511.59 346.25 Td (are ) Tj ET Q q 0 0 0 rg BT 526.73 346.25 Td (possible. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (Uninsured ) Tj ET Q q 0 0 0 rg BT 94.16 334.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 120.55 334.25 Td (and ) Tj ET Q q 0 0 0 rg BT 137.49 334.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 177.21 334.25 Td (arising ) Tj ET Q q 0 0 0 rg BT 206.92 334.25 Td (from ) Tj ET Q q 0 0 0 rg BT 228.86 334.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 269.13 334.25 Td (hazards ) Tj ET Q q 0 0 0 rg BT 302.16 334.25 Td (could ) Tj ET Q q 0 0 0 rg BT 326.88 334.25 Td (have ) Tj ET Q q 0 0 0 rg BT 348.26 334.25 Td (a ) Tj ET Q q 0 0 0 rg BT 355.20 334.25 Td (material ) Tj ET Q q 0 0 0 rg BT 390.45 334.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 423.49 334.25 Td (ef) Tj ET Q q 0 0 0 rg BT 431.08 334.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 448.56 334.25 Td (on ) Tj ET Q q 0 0 0 rg BT 461.06 334.25 Td (us.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (Our) Tj ET Q q 0 0 0 rg BT 67.60 310.25 Td ( ) Tj ET Q q 0 0 0 rg BT 70.10 310.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 89.27 310.25 Td (management ) Tj ET Q q 0 0 0 rg BT 146.76 310.25 Td (strategies ) Tj ET Q q 0 0 0 rg BT 189.79 310.25 Td (may ) Tj ET Q q 0 0 0 rg BT 210.63 310.25 Td (not ) Tj ET Q q 0 0 0 rg BT 227.02 310.25 Td (be ) Tj ET Q q 0 0 0 rg BT 239.52 310.25 Td (effective.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 286.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 105.53 286.25 Td (business ) Tj ET Q q 0 0 0 rg BT 143.39 286.25 Td (is ) Tj ET Q q 0 0 0 rg BT 154.04 286.25 Td (af) Tj ET Q q 0 0 0 rg BT 161.63 286.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 190.03 286.25 Td (by ) Tj ET Q q 0 0 0 rg BT 204.00 286.25 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 255.19 286.25 Td (in ) Tj ET Q q 0 0 0 rg BT 266.94 286.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 316.47 286.25 Td (prices, ) Tj ET Q q 0 0 0 rg BT 346.82 286.25 Td (transportation ) Tj ET Q q 0 0 0 rg BT 406.34 286.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 432.82 286.25 Td (ener) Tj ET Q q 0 0 0 rg BT 449.84 286.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 463.82 286.25 Td (prices, ) Tj ET Q q 0 0 0 rg BT 494.17 286.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 527.02 286.25 Td (currency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 90.62 274.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 112.37 274.25 Td (and ) Tj ET Q q 0 0 0 rg BT 129.67 274.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 161.97 274.25 Td (rates. ) Tj ET Q q 0 0 0 rg BT 186.01 274.25 Td (W) Tj ET Q q 0 0 0 rg BT 194.65 274.25 Td (e ) Tj ET Q q 0 0 0 rg BT 201.95 274.25 Td (monitor ) Tj ET Q q 0 0 0 rg BT 236.49 274.25 Td (position ) Tj ET Q q 0 0 0 rg BT 271.58 274.25 Td (limits ) Tj ET Q q 0 0 0 rg BT 297.23 274.25 Td (and ) Tj ET Q q 0 0 0 rg BT 314.54 274.25 Td (account ) Tj ET Q q 0 0 0 rg BT 348.50 274.25 Td (receivables ) Tj ET Q q 0 0 0 rg BT 396.34 274.25 Td (exposures, ) Tj ET Q q 0 0 0 rg BT 441.70 274.25 Td (and ) Tj ET Q q 0 0 0 rg BT 459.00 274.25 Td (engage ) Tj ET Q q 0 0 0 rg BT 490.19 274.25 Td (in ) Tj ET Q q 0 0 0 rg BT 500.83 274.25 Td (other ) Tj ET Q q 0 0 0 rg BT 524.25 274.25 Td (strategies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.87 262.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 101.53 262.25 Td (to ) Tj ET Q q 0 0 0 rg BT 111.74 262.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 145.27 262.25 Td (these ) Tj ET Q q 0 0 0 rg BT 168.25 262.25 Td (risks. ) Tj ET Q q 0 0 0 rg BT 192.08 262.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 210.07 262.25 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 256.95 262.25 Td (ef) Tj ET Q q 0 0 0 rg BT 264.53 262.25 Td (forts ) Tj ET Q q 0 0 0 rg BT 285.30 262.25 Td (may ) Tj ET Q q 0 0 0 rg BT 304.95 262.25 Td (not ) Tj ET Q q 0 0 0 rg BT 320.17 262.25 Td (be ) Tj ET Q q 0 0 0 rg BT 332.04 262.25 Td (successful ) Tj ET Q q 0 0 0 rg BT 375.57 262.25 Td (at ) Tj ET Q q 0 0 0 rg BT 385.23 262.25 Td (detecting ) Tj ET Q q 0 0 0 rg BT 424.31 262.25 Td (a ) Tj ET Q q 0 0 0 rg BT 431.19 262.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 475.83 262.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 493.27 262.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 531.80 262.25 Td (and ) Tj ET Q q 0 0 0 rg BT 548.68 262.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 84.90 250.25 Td (and ) Tj ET Q q 0 0 0 rg BT 102.03 250.25 Td (strategies ) Tj ET Q q 0 0 0 rg BT 142.48 250.25 Td (may ) Tj ET Q q 0 0 0 rg BT 162.39 250.25 Td (not ) Tj ET Q q 0 0 0 rg BT 177.85 250.25 Td (be ) Tj ET Q q 0 0 0 rg BT 189.98 250.25 Td (ef) Tj ET Q q 0 0 0 rg BT 197.57 250.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 227.46 250.25 Td (in ) Tj ET Q q 0 0 0 rg BT 237.92 250.25 Td (adequately ) Tj ET Q q 0 0 0 rg BT 283.92 250.25 Td (managing ) Tj ET Q q 0 0 0 rg BT 326.04 250.25 Td (against ) Tj ET Q q 0 0 0 rg BT 357.06 250.25 Td (the ) Tj ET Q q 0 0 0 rg BT 371.96 250.25 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 418.50 250.25 Td (of ) Tj ET Q q 0 0 0 rg BT 429.52 250.25 Td (a ) Tj ET Q q 0 0 0 rg BT 436.65 250.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 454.90 250.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 488.13 250.25 Td (to ) Tj ET Q q 0 0 0 rg BT 498.59 250.25 Td (a ) Tj ET Q q 0 0 0 rg BT 505.72 250.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 523.41 250.25 Td (exposure. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (If ) Tj ET Q q 0 0 0 rg BT 59.43 238.25 Td (our ) Tj ET Q q 0 0 0 rg BT 75.54 238.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 110.53 238.25 Td (and ) Tj ET Q q 0 0 0 rg BT 127.74 238.25 Td (strategies ) Tj ET Q q 0 0 0 rg BT 168.28 238.25 Td (are ) Tj ET Q q 0 0 0 rg BT 183.26 238.25 Td (not ) Tj ET Q q 0 0 0 rg BT 198.81 238.25 Td (successful ) Tj ET Q q 0 0 0 rg BT 242.68 238.25 Td (in ) Tj ET Q q 0 0 0 rg BT 253.23 238.25 Td (mitigating ) Tj ET Q q 0 0 0 rg BT 297.11 238.25 Td (our ) Tj ET Q q 0 0 0 rg BT 313.22 238.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 350.97 238.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 389.84 238.25 Td (to ) Tj ET Q q 0 0 0 rg BT 400.40 238.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 427.06 238.25 Td (due ) Tj ET Q q 0 0 0 rg BT 444.27 238.25 Td (to ) Tj ET Q q 0 0 0 rg BT 454.82 238.25 Td (the ) Tj ET Q q 0 0 0 rg BT 469.81 238.25 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 519.80 238.25 Td (mentioned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (above, ) Tj ET Q q 0 0 0 rg BT 78.88 226.25 Td (it ) Tj ET Q q 0 0 0 rg BT 86.93 226.25 Td (could ) Tj ET Q q 0 0 0 rg BT 111.65 226.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 164.14 226.25 Td (and ) Tj ET Q q 0 0 0 rg BT 181.08 226.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 221.89 226.25 Td (af) Tj ET Q q 0 0 0 rg BT 229.48 226.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 246.97 226.25 Td (our ) Tj ET Q q 0 0 0 rg BT 262.80 226.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 303.06 226.25 Td (results.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (Our) Tj ET Q q 0 0 0 rg BT 67.60 202.25 Td ( ) Tj ET Q q 0 0 0 rg BT 70.35 202.25 Td (business ) Tj ET Q q 0 0 0 rg BT 108.68 202.25 Td (is ) Tj ET Q q 0 0 0 rg BT 118.11 202.25 Td (capital-intensive ) Tj ET Q q 0 0 0 rg BT 190.85 202.25 Td (in ) Tj ET Q q 0 0 0 rg BT 201.95 202.25 Td (natur) Tj ET Q q 0 0 0 rg BT 225.66 202.25 Td (e ) Tj ET Q q 0 0 0 rg BT 232.85 202.25 Td (and ) Tj ET Q q 0 0 0 rg BT 251.73 202.25 Td (we ) Tj ET Q q 0 0 0 rg BT 266.14 202.25 Td (r) Tj ET Q q 0 0 0 rg BT 270.40 202.25 Td (ely ) Tj ET Q q 0 0 0 rg BT 285.37 202.25 Td (on ) Tj ET Q q 0 0 0 rg BT 298.69 202.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 320.33 202.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 365.29 202.25 Td (fr) Tj ET Q q 0 0 0 rg BT 372.88 202.25 Td (om ) Tj ET Q q 0 0 0 rg BT 388.96 202.25 Td (our) Tj ET Q q 0 0 0 rg BT 403.78 202.25 Td ( ) Tj ET Q q 0 0 0 rg BT 406.54 202.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 454.29 202.25 Td (and ) Tj ET Q q 0 0 0 rg BT 473.17 202.25 Td (external ) Tj ET Q q 0 0 0 rg BT 510.91 202.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 553.67 202.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 72.51 190.25 Td (our) Tj ET Q q 0 0 0 rg BT 87.33 190.25 Td ( ) Tj ET Q q 0 0 0 rg BT 89.83 190.25 Td (strategies ) Tj ET Q q 0 0 0 rg BT 132.87 190.25 Td (and ) Tj ET Q q 0 0 0 rg BT 151.49 190.25 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 187.90 190.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 219.28 190.25 Td (needs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 166.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 166.25 Td (e ) Tj ET Q q 0 0 0 rg BT 101.28 166.25 Td (require ) Tj ET Q q 0 0 0 rg BT 131.81 166.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 176.23 166.25 Td (capital, ) Tj ET Q q 0 0 0 rg BT 207.59 166.25 Td (including ) Tj ET Q q 0 0 0 rg BT 247.57 166.25 Td (access ) Tj ET Q q 0 0 0 rg BT 275.32 166.25 Td (to ) Tj ET Q q 0 0 0 rg BT 285.30 166.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 310.27 166.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 344.14 166.25 Td (from ) Tj ET Q q 0 0 0 rg BT 365.79 166.25 Td (time ) Tj ET Q q 0 0 0 rg BT 385.77 166.25 Td (to ) Tj ET Q q 0 0 0 rg BT 395.75 166.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 418.24 166.25 Td (to ) Tj ET Q q 0 0 0 rg BT 428.22 166.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 459.85 166.25 Td (our ) Tj ET Q q 0 0 0 rg BT 475.39 166.25 Td (business ) Tj ET Q q 0 0 0 rg BT 511.49 166.25 Td (and ) Tj ET Q q 0 0 0 rg BT 528.14 166.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 548.68 166.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (strategies. ) Tj ET Q q 0 0 0 rg BT 92.63 154.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 110.56 154.25 Td (working ) Tj ET Q q 0 0 0 rg BT 146.26 154.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 175.28 154.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 229.85 154.25 Td (are ) Tj ET Q q 0 0 0 rg BT 244.43 154.25 Td (directly ) Tj ET Q q 0 0 0 rg BT 277.34 154.25 Td (af) Tj ET Q q 0 0 0 rg BT 284.93 154.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 311.72 154.25 Td (by ) Tj ET Q q 0 0 0 rg BT 324.09 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 338.68 154.25 Td (price ) Tj ET Q q 0 0 0 rg BT 361.04 154.25 Td (of ) Tj ET Q q 0 0 0 rg BT 371.74 154.25 Td (commodities, ) Tj ET Q q 0 0 0 rg BT 428.27 154.25 Td (which ) Tj ET Q q 0 0 0 rg BT 455.08 154.25 Td (may ) Tj ET Q q 0 0 0 rg BT 474.67 154.25 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 512.02 154.25 Td (significantly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.05 142.25 Td (change ) Tj ET Q q 0 0 0 rg BT 97.98 142.25 Td (quickly) Tj ET Q q 0 0 0 rg BT 127.33 142.25 Td (. ) Tj ET Q q 0 0 0 rg BT 132.25 142.25 Td (W) Tj ET Q q 0 0 0 rg BT 140.89 142.25 Td (e ) Tj ET Q q 0 0 0 rg BT 147.94 142.25 Td (also ) Tj ET Q q 0 0 0 rg BT 166.66 142.25 Td (require ) Tj ET Q q 0 0 0 rg BT 197.59 142.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 242.98 142.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 272.24 142.25 Td (to ) Tj ET Q q 0 0 0 rg BT 282.64 142.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 320.24 142.25 Td (and ) Tj ET Q q 0 0 0 rg BT 337.29 142.25 Td (upgrade ) Tj ET Q q 0 0 0 rg BT 372.11 142.25 Td (our ) Tj ET Q q 0 0 0 rg BT 388.06 142.25 Td (extensive ) Tj ET Q q 0 0 0 rg BT 428.44 142.25 Td (network ) Tj ET Q q 0 0 0 rg BT 463.82 142.25 Td (of ) Tj ET Q q 0 0 0 rg BT 474.76 142.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 511.80 142.25 Td (to ) Tj ET Q q 0 0 0 rg BT 522.20 142.25 Td (keep ) Tj ET Q q 0 0 0 rg BT 543.69 142.25 Td (pace ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (with ) Tj ET Q q 0 0 0 rg BT 70.04 130.25 Td (competitive ) Tj ET Q q 0 0 0 rg BT 119.50 130.25 Td (developments, ) Tj ET Q q 0 0 0 rg BT 179.80 130.25 Td (technological ) Tj ET Q q 0 0 0 rg BT 235.92 130.25 Td (advances, ) Tj ET Q q 0 0 0 rg BT 277.33 130.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 324.02 130.25 Td (and ) Tj ET Q q 0 0 0 rg BT 340.71 130.25 Td (changing ) Tj ET Q q 0 0 0 rg BT 379.63 130.25 Td (safety ) Tj ET Q q 0 0 0 rg BT 405.76 130.25 Td (standards. ) Tj ET Q q 0 0 0 rg BT 448.29 130.25 Td (In ) Tj ET Q q 0 0 0 rg BT 458.87 130.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 496.40 130.25 Td (the ) Tj ET Q q 0 0 0 rg BT 510.88 130.25 Td (expansion ) Tj ET Q q 0 0 0 rg BT 553.68 130.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (our ) Tj ET Q q 0 0 0 rg BT 66.56 118.25 Td (business ) Tj ET Q q 0 0 0 rg BT 103.68 118.25 Td (and ) Tj ET Q q 0 0 0 rg BT 121.34 118.25 Td (pursuit ) Tj ET Q q 0 0 0 rg BT 152.35 118.25 Td (of ) Tj ET Q q 0 0 0 rg BT 163.91 118.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 214.91 118.25 Td (or ) Tj ET Q q 0 0 0 rg BT 226.46 118.25 Td (other ) Tj ET Q q 0 0 0 rg BT 250.24 118.25 Td (business ) Tj ET Q q 0 0 0 rg BT 287.36 118.25 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 343.36 118.25 Td (has ) Tj ET Q q 0 0 0 rg BT 359.92 118.25 Td (required, ) Tj ET Q q 0 0 0 rg BT 398.96 118.25 Td (and ) Tj ET Q q 0 0 0 rg BT 416.63 118.25 Td (may ) Tj ET Q q 0 0 0 rg BT 437.07 118.25 Td (require, ) Tj ET Q q 0 0 0 rg BT 471.11 118.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 516.55 118.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 553.67 118.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (capital. ) Tj ET Q q 0 0 0 rg BT 81.80 106.25 Td (If ) Tj ET Q q 0 0 0 rg BT 91.11 106.25 Td (we ) Tj ET Q q 0 0 0 rg BT 105.41 106.25 Td (are ) Tj ET Q q 0 0 0 rg BT 120.27 106.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 149.57 106.25 Td (to ) Tj ET Q q 0 0 0 rg BT 160.00 106.25 Td (generate ) Tj ET Q q 0 0 0 rg BT 196.51 106.25 Td (suf) Tj ET Q q 0 0 0 rg BT 208.55 106.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 236.74 106.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 257.16 106.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 278.13 106.25 Td (or ) Tj ET Q q 0 0 0 rg BT 289.11 106.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 326.75 106.25 Td (access ) Tj ET Q q 0 0 0 rg BT 354.94 106.25 Td (to ) Tj ET Q q 0 0 0 rg BT 365.36 106.25 Td (adequate ) Tj ET Q q 0 0 0 rg BT 403.54 106.25 Td (external ) Tj ET Q q 0 0 0 rg BT 438.39 106.25 Td (financing, ) Tj ET Q q 0 0 0 rg BT 481.30 106.25 Td (including ) Tj ET Q q 0 0 0 rg BT 521.73 106.25 Td (as ) Tj ET Q q 0 0 0 rg BT 532.70 106.25 Td (a ) Tj ET Q q 0 0 0 rg BT 539.79 106.25 Td (result ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.58 94.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 105.04 94.25 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 151.73 94.25 Td (in ) Tj ET Q q 0 0 0 rg BT 161.76 94.25 Td (the ) Tj ET Q q 0 0 0 rg BT 176.22 94.25 Td (global ) Tj ET Q q 0 0 0 rg BT 203.47 94.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 228.48 94.25 Td (markets, ) Tj ET Q q 0 0 0 rg BT 264.88 94.25 Td (it ) Tj ET Q q 0 0 0 rg BT 272.68 94.25 Td (could ) Tj ET Q q 0 0 0 rg BT 297.15 94.25 Td (restrict ) Tj ET Q q 0 0 0 rg BT 327.16 94.25 Td (our ) Tj ET Q q 0 0 0 rg BT 342.74 94.25 Td (current ) Tj ET Q q 0 0 0 rg BT 373.30 94.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 417.20 94.25 Td (and ) Tj ET Q q 0 0 0 rg BT 433.89 94.25 Td (our ) Tj ET Q q 0 0 0 rg BT 449.47 94.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 480.04 94.25 Td (opportunities, ) Tj ET Q q 0 0 0 rg BT 537.57 94.25 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (could ) Tj ET Q q 0 0 0 rg BT 74.72 82.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 115.53 82.25 Td (af) Tj ET Q q 0 0 0 rg BT 123.12 82.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 140.61 82.25 Td (our ) Tj ET Q q 0 0 0 rg BT 156.44 82.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 196.70 82.25 Td (results, ) Tj ET Q q 0 0 0 rg BT 227.81 82.25 Td (and ) Tj ET Q q 0 0 0 rg BT 244.75 82.25 Td (restrict ) Tj ET Q q 0 0 0 rg BT 275.01 82.25 Td (our ) Tj ET Q q 0 0 0 rg BT 290.84 82.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 318.89 82.25 Td (to ) Tj ET Q q 0 0 0 rg BT 329.17 82.25 Td (repay ) Tj ET Q q 0 0 0 rg BT 353.88 82.25 Td (our ) Tj ET Q q 0 0 0 rg BT 369.71 82.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 403.87 82.25 Td (indebtedness.) Tj ET Q endstream endobj 37 0 obj <>] /Rotate 0 /Contents 38 0 R>> endobj 38 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Our) Tj ET Q q 0 0 0 rg BT 67.60 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 70.10 742.25 Td (cooperative ) Tj ET Q q 0 0 0 rg BT 122.02 742.25 Td (structur) Tj ET Q q 0 0 0 rg BT 156.83 742.25 Td (e ) Tj ET Q q 0 0 0 rg BT 163.77 742.25 Td (limits ) Tj ET Q q 0 0 0 rg BT 190.16 742.25 Td (our) Tj ET Q q 0 0 0 rg BT 204.98 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 207.48 742.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 237.20 742.25 Td (to ) Tj ET Q q 0 0 0 rg BT 248.03 742.25 Td (access ) Tj ET Q q 0 0 0 rg BT 276.63 742.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 305.80 742.25 Td (capital.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 718.25 Td (As ) Tj ET Q q 0 0 0 rg BT 98.49 718.25 Td (a ) Tj ET Q q 0 0 0 rg BT 104.31 718.25 Td (cooperative, ) Tj ET Q q 0 0 0 rg BT 154.83 718.25 Td (we ) Tj ET Q q 0 0 0 rg BT 167.88 718.25 Td (may ) Tj ET Q q 0 0 0 rg BT 186.47 718.25 Td (not ) Tj ET Q q 0 0 0 rg BT 200.63 718.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 215.90 718.25 Td (common ) Tj ET Q q 0 0 0 rg BT 252.28 718.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 274.77 718.25 Td (in ) Tj ET Q q 0 0 0 rg BT 283.92 718.25 Td (our ) Tj ET Q q 0 0 0 rg BT 298.64 718.25 Td (company) Tj ET Q q 0 0 0 rg BT 334.64 718.25 Td (. ) Tj ET Q q 0 0 0 rg BT 338.52 718.25 Td (In ) Tj ET Q q 0 0 0 rg BT 348.23 718.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 384.89 718.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 417.93 718.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 437.64 718.25 Td (and ) Tj ET Q q 0 0 0 rg BT 453.46 718.25 Td (our ) Tj ET Q q 0 0 0 rg BT 468.17 718.25 Td (articles ) Tj ET Q q 0 0 0 rg BT 498.43 718.25 Td (of ) Tj ET Q q 0 0 0 rg BT 508.14 718.25 Td (incorporation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.23 706.25 Td (bylaws ) Tj ET Q q 0 0 0 rg BT 98.36 706.25 Td (limit ) Tj ET Q q 0 0 0 rg BT 120.05 706.25 Td (dividends ) Tj ET Q q 0 0 0 rg BT 161.73 706.25 Td (on ) Tj ET Q q 0 0 0 rg BT 174.52 706.25 Td (any ) Tj ET Q q 0 0 0 rg BT 191.76 706.25 Td (preferred ) Tj ET Q q 0 0 0 rg BT 231.19 706.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 255.09 706.25 Td (we ) Tj ET Q q 0 0 0 rg BT 269.55 706.25 Td (may ) Tj ET Q q 0 0 0 rg BT 289.56 706.25 Td (issue ) Tj ET Q q 0 0 0 rg BT 312.36 706.25 Td (to ) Tj ET Q q 0 0 0 rg BT 322.93 706.25 Td (8% ) Tj ET Q q 0 0 0 rg BT 339.06 706.25 Td (per ) Tj ET Q q 0 0 0 rg BT 354.62 706.25 Td (annum. ) Tj ET Q q 0 0 0 rg BT 386.93 706.25 Td (These ) Tj ET Q q 0 0 0 rg BT 413.60 706.25 Td (limitations ) Tj ET Q q 0 0 0 rg BT 459.18 706.25 Td (may ) Tj ET Q q 0 0 0 rg BT 479.19 706.25 Td (restrict ) Tj ET Q q 0 0 0 rg BT 509.75 706.25 Td (our ) Tj ET Q q 0 0 0 rg BT 525.87 706.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 554.22 706.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (raise ) Tj ET Q q 0 0 0 rg BT 71.38 694.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 98.87 694.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 128.02 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 144.96 694.25 Td (may ) Tj ET Q q 0 0 0 rg BT 164.68 694.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 205.49 694.25 Td (af) Tj ET Q q 0 0 0 rg BT 213.08 694.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 230.57 694.25 Td (our ) Tj ET Q q 0 0 0 rg BT 246.40 694.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 274.45 694.25 Td (to ) Tj ET Q q 0 0 0 rg BT 284.73 694.25 Td (compete ) Tj ET Q q 0 0 0 rg BT 321.10 694.25 Td (with ) Tj ET Q q 0 0 0 rg BT 341.38 694.25 Td (enterprises ) Tj ET Q q 0 0 0 rg BT 387.19 694.25 Td (that ) Tj ET Q q 0 0 0 rg BT 404.69 694.25 Td (do ) Tj ET Q q 0 0 0 rg BT 417.19 694.25 Td (not ) Tj ET Q q 0 0 0 rg BT 432.47 694.25 Td (face ) Tj ET Q q 0 0 0 rg BT 451.61 694.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 481.88 694.25 Td (restrictions.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (Consolidation ) Tj ET Q q 0 0 0 rg BT 112.73 670.25 Td (among ) Tj ET Q q 0 0 0 rg BT 144.90 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 161.50 670.25 Td (pr) Tj ET Q q 0 0 0 rg BT 171.32 670.25 Td (oducers ) Tj ET Q q 0 0 0 rg BT 207.92 670.25 Td (of ) Tj ET Q q 0 0 0 rg BT 219.52 670.25 Td (pr) Tj ET Q q 0 0 0 rg BT 229.34 670.25 Td (oducts ) Tj ET Q q 0 0 0 rg BT 260.40 670.25 Td (we ) Tj ET Q q 0 0 0 rg BT 275.33 670.25 Td (pur) Tj ET Q q 0 0 0 rg BT 290.71 670.25 Td (chase ) Tj ET Q q 0 0 0 rg BT 317.31 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 336.70 670.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 383.30 670.25 Td (for) Tj ET Q q 0 0 0 rg BT 395.88 670.25 Td ( ) Tj ET Q q 0 0 0 rg BT 399.16 670.25 Td (pr) Tj ET Q q 0 0 0 rg BT 408.97 670.25 Td (oducts ) Tj ET Q q 0 0 0 rg BT 440.03 670.25 Td (we ) Tj ET Q q 0 0 0 rg BT 454.96 670.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 472.12 670.25 Td (could ) Tj ET Q q 0 0 0 rg BT 498.73 670.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 545.87 670.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 93.05 658.25 Td (affect ) Tj ET Q q 0 0 0 rg BT 119.41 658.25 Td (our) Tj ET Q q 0 0 0 rg BT 134.23 658.25 Td ( ) Tj ET Q q 0 0 0 rg BT 136.73 658.25 Td (r) Tj ET Q q 0 0 0 rg BT 140.99 658.25 Td (evenues, ) Tj ET Q q 0 0 0 rg BT 179.32 658.25 Td (r) Tj ET Q q 0 0 0 rg BT 183.58 658.25 Td (esults ) Tj ET Q q 0 0 0 rg BT 209.97 658.25 Td (of ) Tj ET Q q 0 0 0 rg BT 220.80 658.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 268.30 658.25 Td (and ) Tj ET Q q 0 0 0 rg BT 286.92 658.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 308.32 658.25 Td (flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 634.25 Td (Consolidation ) Tj ET Q q 0 0 0 rg BT 143.61 634.25 Td (has ) Tj ET Q q 0 0 0 rg BT 158.43 634.25 Td (occurred ) Tj ET Q q 0 0 0 rg BT 194.91 634.25 Td (among ) Tj ET Q q 0 0 0 rg BT 223.62 634.25 Td (the ) Tj ET Q q 0 0 0 rg BT 237.33 634.25 Td (individual ) Tj ET Q q 0 0 0 rg BT 279.38 634.25 Td (producers ) Tj ET Q q 0 0 0 rg BT 320.30 634.25 Td (of ) Tj ET Q q 0 0 0 rg BT 330.13 634.25 Td (products ) Tj ET Q q 0 0 0 rg BT 366.06 634.25 Td (we ) Tj ET Q q 0 0 0 rg BT 379.22 634.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 394.60 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 410.53 634.25 Td (purchase, ) Tj ET Q q 0 0 0 rg BT 450.07 634.25 Td (including ) Tj ET Q q 0 0 0 rg BT 489.34 634.25 Td (crude ) Tj ET Q q 0 0 0 rg BT 513.04 634.25 Td (oil, ) Tj ET Q q 0 0 0 rg BT 527.59 634.25 Td (fertilizer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.05 622.25 Td (grain, ) Tj ET Q q 0 0 0 rg BT 92.71 622.25 Td (and ) Tj ET Q q 0 0 0 rg BT 109.76 622.25 Td (it ) Tj ET Q q 0 0 0 rg BT 117.93 622.25 Td (is ) Tj ET Q q 0 0 0 rg BT 127.21 622.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 152.59 622.25 Td (to ) Tj ET Q q 0 0 0 rg BT 162.98 622.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 200.03 622.25 Td (in ) Tj ET Q q 0 0 0 rg BT 210.42 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 225.24 622.25 Td (future. ) Tj ET Q q 0 0 0 rg BT 254.23 622.25 Td (Consolidation ) Tj ET Q q 0 0 0 rg BT 312.96 622.25 Td (could ) Tj ET Q q 0 0 0 rg BT 337.79 622.25 Td (allow ) Tj ET Q q 0 0 0 rg BT 362.61 622.25 Td (producers ) Tj ET Q q 0 0 0 rg BT 404.65 622.25 Td (to ) Tj ET Q q 0 0 0 rg BT 415.04 622.25 Td (negotiate ) Tj ET Q q 0 0 0 rg BT 454.30 622.25 Td (pricing, ) Tj ET Q q 0 0 0 rg BT 487.74 622.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 517.02 622.25 Td (availability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.67 610.25 Td (other ) Tj ET Q q 0 0 0 rg BT 89.45 610.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 123.89 610.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 148.34 610.25 Td (that ) Tj ET Q q 0 0 0 rg BT 165.57 610.25 Td (are ) Tj ET Q q 0 0 0 rg BT 180.01 610.25 Td (less ) Tj ET Q q 0 0 0 rg BT 197.24 610.25 Td (favorable ) Tj ET Q q 0 0 0 rg BT 237.23 610.25 Td (to ) Tj ET Q q 0 0 0 rg BT 247.24 610.25 Td (us. ) Tj ET Q q 0 0 0 rg BT 260.87 610.25 Td (Consolidation ) Tj ET Q q 0 0 0 rg BT 319.22 610.25 Td (also ) Tj ET Q q 0 0 0 rg BT 337.56 610.25 Td (may ) Tj ET Q q 0 0 0 rg BT 357.01 610.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 392.00 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 406.45 610.25 Td (competition ) Tj ET Q q 0 0 0 rg BT 456.45 610.25 Td (among ) Tj ET Q q 0 0 0 rg BT 485.90 610.25 Td (consumers ) Tj ET Q q 0 0 0 rg BT 530.90 610.25 Td (of ) Tj ET Q q 0 0 0 rg BT 541.47 610.25 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (products ) Tj ET Q q 0 0 0 rg BT 86.06 598.25 Td (to ) Tj ET Q q 0 0 0 rg BT 95.45 598.25 Td (enter ) Tj ET Q q 0 0 0 rg BT 117.06 598.25 Td (into ) Tj ET Q q 0 0 0 rg BT 134.23 598.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 162.52 598.25 Td (relationships ) Tj ET Q q 0 0 0 rg BT 215.24 598.25 Td (with ) Tj ET Q q 0 0 0 rg BT 234.63 598.25 Td (a ) Tj ET Q q 0 0 0 rg BT 240.69 598.25 Td (smaller ) Tj ET Q q 0 0 0 rg BT 271.74 598.25 Td (number ) Tj ET Q q 0 0 0 rg BT 303.91 598.25 Td (of ) Tj ET Q q 0 0 0 rg BT 313.85 598.25 Td (producers, ) Tj ET Q q 0 0 0 rg BT 357.40 598.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 394.01 598.25 Td (in ) Tj ET Q q 0 0 0 rg BT 403.41 598.25 Td (potentially ) Tj ET Q q 0 0 0 rg BT 447.80 598.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 474.96 598.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 500.45 598.25 Td (for ) Tj ET Q q 0 0 0 rg BT 513.73 598.25 Td (the ) Tj ET Q q 0 0 0 rg BT 527.57 598.25 Td (products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (we ) Tj ET Q q 0 0 0 rg BT 64.16 586.25 Td (purchase.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 562.25 Td (Consolidation ) Tj ET Q q 0 0 0 rg BT 145.35 562.25 Td (has ) Tj ET Q q 0 0 0 rg BT 161.92 562.25 Td (occurred ) Tj ET Q q 0 0 0 rg BT 200.13 562.25 Td (among ) Tj ET Q q 0 0 0 rg BT 230.58 562.25 Td (cooperative ) Tj ET Q q 0 0 0 rg BT 280.46 562.25 Td (associations ) Tj ET Q q 0 0 0 rg BT 332.02 562.25 Td (that ) Tj ET Q q 0 0 0 rg BT 350.25 562.25 Td (are ) Tj ET Q q 0 0 0 rg BT 365.69 562.25 Td (wholesale ) Tj ET Q q 0 0 0 rg BT 408.92 562.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 452.70 562.25 Td (of ) Tj ET Q q 0 0 0 rg BT 464.27 562.25 Td (our ) Tj ET Q q 0 0 0 rg BT 480.83 562.25 Td (products, ) Tj ET Q q 0 0 0 rg BT 521.01 562.25 Td (which ) Tj ET Q q 0 0 0 rg BT 548.68 562.25 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 84.01 550.25 Td (in ) Tj ET Q q 0 0 0 rg BT 94.14 550.25 Td (a ) Tj ET Q q 0 0 0 rg BT 100.93 550.25 Td (smaller ) Tj ET Q q 0 0 0 rg BT 132.71 550.25 Td (wholesale ) Tj ET Q q 0 0 0 rg BT 175.05 550.25 Td (and ) Tj ET Q q 0 0 0 rg BT 191.84 550.25 Td (retail ) Tj ET Q q 0 0 0 rg BT 214.73 550.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 253.74 550.25 Td (base ) Tj ET Q q 0 0 0 rg BT 273.85 550.25 Td (for ) Tj ET Q q 0 0 0 rg BT 287.87 550.25 Td (our ) Tj ET Q q 0 0 0 rg BT 303.55 550.25 Td (products ) Tj ET Q q 0 0 0 rg BT 340.34 550.25 Td (and ) Tj ET Q q 0 0 0 rg BT 357.13 550.25 Td (has ) Tj ET Q q 0 0 0 rg BT 372.81 550.25 Td (intensified ) Tj ET Q q 0 0 0 rg BT 417.37 550.25 Td (the ) Tj ET Q q 0 0 0 rg BT 431.94 550.25 Td (competition ) Tj ET Q q 0 0 0 rg BT 482.06 550.25 Td (for ) Tj ET Q q 0 0 0 rg BT 496.07 550.25 Td (these ) Tj ET Q q 0 0 0 rg BT 518.97 550.25 Td (customers, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.15 538.25 Td (this ) Tj ET Q q 0 0 0 rg BT 84.30 538.25 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 140.90 538.25 Td (is ) Tj ET Q q 0 0 0 rg BT 150.27 538.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 175.76 538.25 Td (to ) Tj ET Q q 0 0 0 rg BT 186.24 538.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 223.39 538.25 Td (in ) Tj ET Q q 0 0 0 rg BT 233.87 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 248.80 538.25 Td (future. ) Tj ET Q q 0 0 0 rg BT 277.89 538.25 Td (For ) Tj ET Q q 0 0 0 rg BT 294.49 538.25 Td (example, ) Tj ET Q q 0 0 0 rg BT 333.57 538.25 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 369.05 538.25 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 425.65 538.25 Td (among ) Tj ET Q q 0 0 0 rg BT 455.57 538.25 Td (distributors ) Tj ET Q q 0 0 0 rg BT 503.84 538.25 Td (and ) Tj ET Q q 0 0 0 rg BT 520.98 538.25 Td (brokers ) Tj ET Q q 0 0 0 rg BT 553.68 538.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (food ) Tj ET Q q 0 0 0 rg BT 70.37 526.25 Td (products ) Tj ET Q q 0 0 0 rg BT 106.85 526.25 Td (and ) Tj ET Q q 0 0 0 rg BT 123.32 526.25 Td (food ) Tj ET Q q 0 0 0 rg BT 143.69 526.25 Td (retailers ) Tj ET Q q 0 0 0 rg BT 177.93 526.25 Td (has ) Tj ET Q q 0 0 0 rg BT 193.30 526.25 Td (altered ) Tj ET Q q 0 0 0 rg BT 222.54 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 236.80 526.25 Td (buying ) Tj ET Q q 0 0 0 rg BT 266.61 526.25 Td (patterns ) Tj ET Q q 0 0 0 rg BT 300.31 526.25 Td (of ) Tj ET Q q 0 0 0 rg BT 310.68 526.25 Td (these ) Tj ET Q q 0 0 0 rg BT 333.26 526.25 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 380.02 526.25 Td (as ) Tj ET Q q 0 0 0 rg BT 390.39 526.25 Td (they ) Tj ET Q q 0 0 0 rg BT 409.65 526.25 Td (have ) Tj ET Q q 0 0 0 rg BT 430.56 526.25 Td (increasingly ) Tj ET Q q 0 0 0 rg BT 481.47 526.25 Td (elected ) Tj ET Q q 0 0 0 rg BT 511.82 526.25 Td (to ) Tj ET Q q 0 0 0 rg BT 521.64 526.25 Td (work ) Tj ET Q q 0 0 0 rg BT 544.23 526.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (product ) Tj ET Q q 0 0 0 rg BT 83.38 514.25 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 122.31 514.25 Td (who ) Tj ET Q q 0 0 0 rg BT 142.36 514.25 Td (can ) Tj ET Q q 0 0 0 rg BT 159.07 514.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 181.33 514.25 Td (their ) Tj ET Q q 0 0 0 rg BT 202.48 514.25 Td (needs ) Tj ET Q q 0 0 0 rg BT 228.08 514.25 Td (nationwide ) Tj ET Q q 0 0 0 rg BT 275.34 514.25 Td (rather ) Tj ET Q q 0 0 0 rg BT 301.49 514.25 Td (than ) Tj ET Q q 0 0 0 rg BT 321.53 514.25 Td (just ) Tj ET Q q 0 0 0 rg BT 338.81 514.25 Td (regionally ) Tj ET Q q 0 0 0 rg BT 382.18 514.25 Td (or ) Tj ET Q q 0 0 0 rg BT 393.34 514.25 Td (locally) Tj ET Q q 0 0 0 rg BT 419.90 514.25 Td (. ) Tj ET Q q 0 0 0 rg BT 425.23 514.25 Td (If ) Tj ET Q q 0 0 0 rg BT 434.72 514.25 Td (these ) Tj ET Q q 0 0 0 rg BT 458.09 514.25 Td (cooperatives, ) Tj ET Q q 0 0 0 rg BT 513.96 514.25 Td (distributors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (brokers ) Tj ET Q q 0 0 0 rg BT 82.07 502.25 Td (and ) Tj ET Q q 0 0 0 rg BT 98.59 502.25 Td (retailers ) Tj ET Q q 0 0 0 rg BT 132.88 502.25 Td (elect ) Tj ET Q q 0 0 0 rg BT 153.83 502.25 Td (not ) Tj ET Q q 0 0 0 rg BT 168.69 502.25 Td (to ) Tj ET Q q 0 0 0 rg BT 178.55 502.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 216.17 502.25 Td (our ) Tj ET Q q 0 0 0 rg BT 231.58 502.25 Td (products, ) Tj ET Q q 0 0 0 rg BT 270.60 502.25 Td (our ) Tj ET Q q 0 0 0 rg BT 286.01 502.25 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 326.13 502.25 Td (results ) Tj ET Q q 0 0 0 rg BT 354.32 502.25 Td (of ) Tj ET Q q 0 0 0 rg BT 364.73 502.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 408.47 502.25 Td (and ) Tj ET Q q 0 0 0 rg BT 424.99 502.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 444.84 502.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 469.14 502.25 Td (could ) Tj ET Q q 0 0 0 rg BT 493.44 502.25 Td (be ) Tj ET Q q 0 0 0 rg BT 504.96 502.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 547.58 502.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 90.82 490.25 Td (af) Tj ET Q q 0 0 0 rg BT 98.40 490.25 Td (fected.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 466.25 Td (In ) Tj ET Q q 0 0 0 rg BT 95.90 466.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 132.75 466.25 Td (in ) Tj ET Q q 0 0 0 rg BT 142.10 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 155.89 466.25 Td (fertilizer ) Tj ET Q q 0 0 0 rg BT 191.88 466.25 Td (market, ) Tj ET Q q 0 0 0 rg BT 223.71 466.25 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 279.17 466.25 Td (at ) Tj ET Q q 0 0 0 rg BT 287.96 466.25 Td (both ) Tj ET Q q 0 0 0 rg BT 307.31 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 321.10 466.25 Td (producer ) Tj ET Q q 0 0 0 rg BT 358.21 466.25 Td (and ) Tj ET Q q 0 0 0 rg BT 374.22 466.25 Td (wholesale ) Tj ET Q q 0 0 0 rg BT 415.78 466.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 454.00 466.25 Td (level ) Tj ET Q q 0 0 0 rg BT 475.01 466.25 Td (increases ) Tj ET Q q 0 0 0 rg BT 513.23 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 527.02 466.25 Td (potential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (for ) Tj ET Q q 0 0 0 rg BT 64.48 454.25 Td (direct ) Tj ET Q q 0 0 0 rg BT 90.06 454.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 112.32 454.25 Td (from ) Tj ET Q q 0 0 0 rg BT 134.58 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 149.61 454.25 Td (fertilizer ) Tj ET Q q 0 0 0 rg BT 186.85 454.25 Td (manufacturer ) Tj ET Q q 0 0 0 rg BT 242.97 454.25 Td (to ) Tj ET Q q 0 0 0 rg BT 253.57 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 268.60 454.25 Td (cooperative ) Tj ET Q q 0 0 0 rg BT 318.06 454.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 361.43 454.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 389.79 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 404.83 454.25 Td (individual ) Tj ET Q q 0 0 0 rg BT 448.20 454.25 Td (agricultural ) Tj ET Q q 0 0 0 rg BT 497.11 454.25 Td (producer) Tj ET Q q 0 0 0 rg BT 532.24 454.25 Td (, ) Tj ET Q q 0 0 0 rg BT 537.56 454.25 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (would ) Tj ET Q q 0 0 0 rg BT 77.67 442.25 Td (remove ) Tj ET Q q 0 0 0 rg BT 110.32 442.25 Td (us ) Tj ET Q q 0 0 0 rg BT 121.87 442.25 Td (from ) Tj ET Q q 0 0 0 rg BT 143.98 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 158.86 442.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 188.19 442.25 Td (chain ) Tj ET Q q 0 0 0 rg BT 212.51 442.25 Td (and ) Tj ET Q q 0 0 0 rg BT 229.62 442.25 Td (could ) Tj ET Q q 0 0 0 rg BT 254.50 442.25 Td (have ) Tj ET Q q 0 0 0 rg BT 276.04 442.25 Td (a ) Tj ET Q q 0 0 0 rg BT 283.14 442.25 Td (material ) Tj ET Q q 0 0 0 rg BT 318.57 442.25 Td (and ) Tj ET Q q 0 0 0 rg BT 335.67 442.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 368.87 442.25 Td (ef) Tj ET Q q 0 0 0 rg BT 376.46 442.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 394.11 442.25 Td (on ) Tj ET Q q 0 0 0 rg BT 406.78 442.25 Td (our ) Tj ET Q q 0 0 0 rg BT 422.77 442.25 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 463.47 442.25 Td (results ) Tj ET Q q 0 0 0 rg BT 492.25 442.25 Td (of ) Tj ET Q q 0 0 0 rg BT 503.24 442.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 547.56 442.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 70.27 430.25 Td (flows.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (If ) Tj ET Q q 0 0 0 rg BT 59.42 406.25 Td (our) Tj ET Q q 0 0 0 rg BT 74.24 406.25 Td ( ) Tj ET Q q 0 0 0 rg BT 76.44 406.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 121.96 406.25 Td (choose ) Tj ET Q q 0 0 0 rg BT 152.49 406.25 Td (alternatives ) Tj ET Q q 0 0 0 rg BT 204.68 406.25 Td (to ) Tj ET Q q 0 0 0 rg BT 215.21 406.25 Td (our) Tj ET Q q 0 0 0 rg BT 230.02 406.25 Td ( ) Tj ET Q q 0 0 0 rg BT 232.22 406.25 Td (r) Tj ET Q q 0 0 0 rg BT 236.48 406.25 Td (efined ) Tj ET Q q 0 0 0 rg BT 264.79 406.25 Td (petr) Tj ET Q q 0 0 0 rg BT 282.38 406.25 Td (oleum ) Tj ET Q q 0 0 0 rg BT 310.69 406.25 Td (pr) Tj ET Q q 0 0 0 rg BT 320.51 406.25 Td (oducts, ) Tj ET Q q 0 0 0 rg BT 352.99 406.25 Td (our) Tj ET Q q 0 0 0 rg BT 367.81 406.25 Td ( ) Tj ET Q q 0 0 0 rg BT 370.01 406.25 Td (r) Tj ET Q q 0 0 0 rg BT 374.27 406.25 Td (evenues, ) Tj ET Q q 0 0 0 rg BT 412.29 406.25 Td (r) Tj ET Q q 0 0 0 rg BT 416.55 406.25 Td (esults ) Tj ET Q q 0 0 0 rg BT 442.64 406.25 Td (of ) Tj ET Q q 0 0 0 rg BT 453.17 406.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 500.37 406.25 Td (and ) Tj ET Q q 0 0 0 rg BT 518.70 406.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 539.79 406.25 Td (flows ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (could ) Tj ET Q q 0 0 0 rg BT 75.84 394.25 Td (be ) Tj ET Q q 0 0 0 rg BT 88.34 394.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 134.71 394.25 Td (and ) Tj ET Q q 0 0 0 rg BT 153.33 394.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 196.38 394.25 Td (affected.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 370.25 Td (Numerous ) Tj ET Q q 0 0 0 rg BT 129.73 370.25 Td (alternative ) Tj ET Q q 0 0 0 rg BT 174.00 370.25 Td (ener) Tj ET Q q 0 0 0 rg BT 191.03 370.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 203.10 370.25 Td (sources ) Tj ET Q q 0 0 0 rg BT 235.16 370.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 273.33 370.25 Td (under ) Tj ET Q q 0 0 0 rg BT 298.17 370.25 Td (development ) Tj ET Q q 0 0 0 rg BT 351.89 370.25 Td (could ) Tj ET Q q 0 0 0 rg BT 376.18 370.25 Td (serve ) Tj ET Q q 0 0 0 rg BT 399.35 370.25 Td (as ) Tj ET Q q 0 0 0 rg BT 409.75 370.25 Td (alternatives ) Tj ET Q q 0 0 0 rg BT 457.91 370.25 Td (to ) Tj ET Q q 0 0 0 rg BT 467.76 370.25 Td (our ) Tj ET Q q 0 0 0 rg BT 483.16 370.25 Td (gasoline, ) Tj ET Q q 0 0 0 rg BT 521.06 370.25 Td (diesel ) Tj ET Q q 0 0 0 rg BT 546.46 370.25 Td (fuel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.92 358.25 Td (other ) Tj ET Q q 0 0 0 rg BT 89.95 358.25 Td (refined ) Tj ET Q q 0 0 0 rg BT 120.75 358.25 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 163.78 358.25 Td (products. ) Tj ET Q q 0 0 0 rg BT 203.20 358.25 Td (If ) Tj ET Q q 0 0 0 rg BT 212.35 358.25 Td (any ) Tj ET Q q 0 0 0 rg BT 229.27 358.25 Td (of ) Tj ET Q q 0 0 0 rg BT 240.08 358.25 Td (these ) Tj ET Q q 0 0 0 rg BT 263.12 358.25 Td (alternative ) Tj ET Q q 0 0 0 rg BT 307.80 358.25 Td (products ) Tj ET Q q 0 0 0 rg BT 344.72 358.25 Td (become ) Tj ET Q q 0 0 0 rg BT 378.30 358.25 Td (more ) Tj ET Q q 0 0 0 rg BT 401.33 358.25 Td (economically ) Tj ET Q q 0 0 0 rg BT 457.68 358.25 Td (viable ) Tj ET Q q 0 0 0 rg BT 484.60 358.25 Td (or ) Tj ET Q q 0 0 0 rg BT 495.41 358.25 Td (preferable ) Tj ET Q q 0 0 0 rg BT 538.42 358.25 Td (to ) Tj ET Q q 0 0 0 rg BT 548.68 358.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (products ) Tj ET Q q 0 0 0 rg BT 87.33 346.25 Td (for ) Tj ET Q q 0 0 0 rg BT 101.89 346.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 162.54 346.25 Td (or ) Tj ET Q q 0 0 0 rg BT 173.77 346.25 Td (other ) Tj ET Q q 0 0 0 rg BT 197.21 346.25 Td (reasons, ) Tj ET Q q 0 0 0 rg BT 232.59 346.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 267.14 346.25 Td (for ) Tj ET Q q 0 0 0 rg BT 281.70 346.25 Td (our ) Tj ET Q q 0 0 0 rg BT 297.92 346.25 Td (ener) Tj ET Q q 0 0 0 rg BT 314.95 346.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 327.84 346.25 Td (products ) Tj ET Q q 0 0 0 rg BT 365.17 346.25 Td (would ) Tj ET Q q 0 0 0 rg BT 393.07 346.25 Td (decline. ) Tj ET Q q 0 0 0 rg BT 427.34 346.25 Td (Declining ) Tj ET Q q 0 0 0 rg BT 469.66 346.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 504.21 346.25 Td (for ) Tj ET Q q 0 0 0 rg BT 518.77 346.25 Td (our ) Tj ET Q q 0 0 0 rg BT 534.99 346.25 Td (ener) Tj ET Q q 0 0 0 rg BT 552.02 346.25 Td (gy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (products, ) Tj ET Q q 0 0 0 rg BT 90.40 334.25 Td (particularly ) Tj ET Q q 0 0 0 rg BT 139.95 334.25 Td (diesel ) Tj ET Q q 0 0 0 rg BT 166.74 334.25 Td (fuel ) Tj ET Q q 0 0 0 rg BT 185.75 334.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 205.89 334.25 Td (for ) Tj ET Q q 0 0 0 rg BT 221.01 334.25 Td (farming ) Tj ET Q q 0 0 0 rg BT 256.13 334.25 Td (applications, ) Tj ET Q q 0 0 0 rg BT 310.41 334.25 Td (could ) Tj ET Q q 0 0 0 rg BT 336.09 334.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 380.09 334.25 Td (and ) Tj ET Q q 0 0 0 rg BT 397.99 334.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 439.77 334.25 Td (af) Tj ET Q q 0 0 0 rg BT 447.36 334.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 465.81 334.25 Td (our ) Tj ET Q q 0 0 0 rg BT 482.60 334.25 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 524.10 334.25 Td (results ) Tj ET Q q 0 0 0 rg BT 553.68 334.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 94.16 322.25 Td (and ) Tj ET Q q 0 0 0 rg BT 111.09 322.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 131.36 322.25 Td (flows.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (The ) Tj ET Q q 0 0 0 rg BT 69.17 298.25 Td (r) Tj ET Q q 0 0 0 rg BT 73.43 298.25 Td (esults ) Tj ET Q q 0 0 0 rg BT 99.82 298.25 Td (of ) Tj ET Q q 0 0 0 rg BT 110.65 298.25 Td (our) Tj ET Q q 0 0 0 rg BT 125.47 298.25 Td ( ) Tj ET Q q 0 0 0 rg BT 127.97 298.25 Td (agr) Tj ET Q q 0 0 0 rg BT 142.23 298.25 Td (onomy ) Tj ET Q q 0 0 0 rg BT 173.62 298.25 Td (business ) Tj ET Q q 0 0 0 rg BT 211.69 298.25 Td (ar) Tj ET Q q 0 0 0 rg BT 220.95 298.25 Td (e ) Tj ET Q q 0 0 0 rg BT 227.89 298.25 Td (highly ) Tj ET Q q 0 0 0 rg BT 257.07 298.25 Td (dependent ) Tj ET Q q 0 0 0 rg BT 304.02 298.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 328.21 298.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 360.69 298.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 392.62 298.25 Td (outside ) Tj ET Q q 0 0 0 rg BT 425.68 298.25 Td (of ) Tj ET Q q 0 0 0 rg BT 436.51 298.25 Td (our) Tj ET Q q 0 0 0 rg BT 451.33 298.25 Td ( ) Tj ET Q q 0 0 0 rg BT 453.83 298.25 Td (contr) Tj ET Q q 0 0 0 rg BT 476.42 298.25 Td (ol.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 274.25 Td (Planted ) Tj ET Q q 0 0 0 rg BT 118.70 274.25 Td (acreage, ) Tj ET Q q 0 0 0 rg BT 154.43 274.25 Td (and ) Tj ET Q q 0 0 0 rg BT 171.58 274.25 Td (consequently ) Tj ET Q q 0 0 0 rg BT 227.05 274.25 Td (the ) Tj ET Q q 0 0 0 rg BT 241.97 274.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 274.68 274.25 Td (of ) Tj ET Q q 0 0 0 rg BT 285.71 274.25 Td (fertilizer ) Tj ET Q q 0 0 0 rg BT 322.84 274.25 Td (and ) Tj ET Q q 0 0 0 rg BT 339.99 274.25 Td (crop ) Tj ET Q q 0 0 0 rg BT 360.46 274.25 Td (protection ) Tj ET Q q 0 0 0 rg BT 403.71 274.25 Td (products ) Tj ET Q q 0 0 0 rg BT 440.86 274.25 Td (applied, ) Tj ET Q q 0 0 0 rg BT 475.50 274.25 Td (is ) Tj ET Q q 0 0 0 rg BT 484.88 274.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 520.90 274.25 Td (dependent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 71.72 262.25 Td (government ) Tj ET Q q 0 0 0 rg BT 121.20 262.25 Td (programs, ) Tj ET Q q 0 0 0 rg BT 163.19 262.25 Td (grain ) Tj ET Q q 0 0 0 rg BT 185.46 262.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 211.06 262.25 Td (and ) Tj ET Q q 0 0 0 rg BT 227.22 262.25 Td (the ) Tj ET Q q 0 0 0 rg BT 241.15 262.25 Td (perception ) Tj ET Q q 0 0 0 rg BT 285.08 262.25 Td (held ) Tj ET Q q 0 0 0 rg BT 304.01 262.25 Td (by ) Tj ET Q q 0 0 0 rg BT 315.73 262.25 Td (the ) Tj ET Q q 0 0 0 rg BT 329.67 262.25 Td (producer ) Tj ET Q q 0 0 0 rg BT 366.93 262.25 Td (of ) Tj ET Q q 0 0 0 rg BT 376.98 262.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 410.35 262.25 Td (for ) Tj ET Q q 0 0 0 rg BT 423.73 262.25 Td (production, ) Tj ET Q q 0 0 0 rg BT 471.28 262.25 Td (all ) Tj ET Q q 0 0 0 rg BT 482.99 262.25 Td (of ) Tj ET Q q 0 0 0 rg BT 493.04 262.25 Td (which ) Tj ET Q q 0 0 0 rg BT 519.20 262.25 Td (are ) Tj ET Q q 0 0 0 rg BT 533.13 262.25 Td (outside ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.30 250.25 Td (our ) Tj ET Q q 0 0 0 rg BT 77.60 250.25 Td (control. ) Tj ET Q q 0 0 0 rg BT 111.39 250.25 Td (In ) Tj ET Q q 0 0 0 rg BT 122.69 250.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 160.93 250.25 Td (weather ) Tj ET Q q 0 0 0 rg BT 195.54 250.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 240.17 250.25 Td (during ) Tj ET Q q 0 0 0 rg BT 269.25 250.25 Td (the ) Tj ET Q q 0 0 0 rg BT 284.43 250.25 Td (spring ) Tj ET Q q 0 0 0 rg BT 312.40 250.25 Td (planting ) Tj ET Q q 0 0 0 rg BT 348.14 250.25 Td (season ) Tj ET Q q 0 0 0 rg BT 377.77 250.25 Td (and ) Tj ET Q q 0 0 0 rg BT 395.18 250.25 Td (early ) Tj ET Q q 0 0 0 rg BT 418.13 250.25 Td (summer ) Tj ET Q q 0 0 0 rg BT 453.32 250.25 Td (spraying ) Tj ET Q q 0 0 0 rg BT 490.72 250.25 Td (season ) Tj ET Q q 0 0 0 rg BT 520.35 250.25 Td (also ) Tj ET Q q 0 0 0 rg BT 539.43 250.25 Td (af) Tj ET Q q 0 0 0 rg BT 547.01 250.25 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (agronomy ) Tj ET Q q 0 0 0 rg BT 93.50 238.25 Td (product ) Tj ET Q q 0 0 0 rg BT 127.01 238.25 Td (volumes ) Tj ET Q q 0 0 0 rg BT 163.85 238.25 Td (and ) Tj ET Q q 0 0 0 rg BT 181.25 238.25 Td (profitability) Tj ET Q q 0 0 0 rg BT 228.36 238.25 Td (. ) Tj ET Q q 0 0 0 rg BT 233.82 238.25 Td (Emer) Tj ET Q q 0 0 0 rg BT 255.30 238.25 Td (ging ) Tj ET Q q 0 0 0 rg BT 276.03 238.25 Td (sustainability ) Tj ET Q q 0 0 0 rg BT 332.32 238.25 Td (and ) Tj ET Q q 0 0 0 rg BT 349.71 238.25 Td (other ) Tj ET Q q 0 0 0 rg BT 373.22 238.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 433.93 238.25 Td (concerns ) Tj ET Q q 0 0 0 rg BT 472.42 238.25 Td (that ) Tj ET Q q 0 0 0 rg BT 490.38 238.25 Td (are ) Tj ET Q q 0 0 0 rg BT 505.54 238.25 Td (outside ) Tj ET Q q 0 0 0 rg BT 537.38 238.25 Td (of ) Tj ET Q q 0 0 0 rg BT 548.67 238.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (control ) Tj ET Q q 0 0 0 rg BT 81.74 226.25 Td (could ) Tj ET Q q 0 0 0 rg BT 107.37 226.25 Td (also ) Tj ET Q q 0 0 0 rg BT 126.89 226.25 Td (af) Tj ET Q q 0 0 0 rg BT 134.48 226.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 152.88 226.25 Td (the ) Tj ET Q q 0 0 0 rg BT 168.51 226.25 Td (future ) Tj ET Q q 0 0 0 rg BT 195.80 226.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 230.86 226.25 Td (for ) Tj ET Q q 0 0 0 rg BT 245.94 226.25 Td (agronomy ) Tj ET Q q 0 0 0 rg BT 289.90 226.25 Td (products ) Tj ET Q q 0 0 0 rg BT 327.75 226.25 Td (applied ) Tj ET Q q 0 0 0 rg BT 360.60 226.25 Td (to ) Tj ET Q q 0 0 0 rg BT 371.79 226.25 Td (crops ) Tj ET Q q 0 0 0 rg BT 396.86 226.25 Td (and ) Tj ET Q q 0 0 0 rg BT 414.71 226.25 Td (the ) Tj ET Q q 0 0 0 rg BT 430.34 226.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 463.75 226.25 Td (of ) Tj ET Q q 0 0 0 rg BT 475.49 226.25 Td (any ) Tj ET Q q 0 0 0 rg BT 493.34 226.25 Td (such ) Tj ET Q q 0 0 0 rg BT 515.09 226.25 Td (application. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 99.34 214.25 Td (, ) Tj ET Q q 0 0 0 rg BT 103.79 214.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 132.96 214.25 Td (outside ) Tj ET Q q 0 0 0 rg BT 163.80 214.25 Td (of ) Tj ET Q q 0 0 0 rg BT 174.09 214.25 Td (our ) Tj ET Q q 0 0 0 rg BT 189.38 214.25 Td (control ) Tj ET Q q 0 0 0 rg BT 219.66 214.25 Td (could ) Tj ET Q q 0 0 0 rg BT 243.83 214.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 286.33 214.25 Td (and ) Tj ET Q q 0 0 0 rg BT 302.72 214.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 342.99 214.25 Td (af) Tj ET Q q 0 0 0 rg BT 350.58 214.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 367.52 214.25 Td (the ) Tj ET Q q 0 0 0 rg BT 381.70 214.25 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 421.69 214.25 Td (results ) Tj ET Q q 0 0 0 rg BT 449.76 214.25 Td (of ) Tj ET Q q 0 0 0 rg BT 460.04 214.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 503.66 214.25 Td (and ) Tj ET Q q 0 0 0 rg BT 520.05 214.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 539.78 214.25 Td (flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 202.25 Td (our ) Tj ET Q q 0 0 0 rg BT 76.66 202.25 Td (agronomy ) Tj ET Q q 0 0 0 rg BT 119.71 202.25 Td (business.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 178.25 Td (echnological ) Tj ET Q q 0 0 0 rg BT 111.03 178.25 Td (impr) Tj ET Q q 0 0 0 rg BT 131.95 178.25 Td (ovements ) Tj ET Q q 0 0 0 rg BT 174.44 178.25 Td (could ) Tj ET Q q 0 0 0 rg BT 200.28 178.25 Td (decr) Tj ET Q q 0 0 0 rg BT 218.98 178.25 Td (ease ) Tj ET Q q 0 0 0 rg BT 239.25 178.25 Td (the ) Tj ET Q q 0 0 0 rg BT 255.08 178.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 292.03 178.25 Td (for) Tj ET Q q 0 0 0 rg BT 304.62 178.25 Td ( ) Tj ET Q q 0 0 0 rg BT 307.12 178.25 Td (our) Tj ET Q q 0 0 0 rg BT 321.94 178.25 Td ( ) Tj ET Q q 0 0 0 rg BT 324.44 178.25 Td (agr) Tj ET Q q 0 0 0 rg BT 338.70 178.25 Td (onomy ) Tj ET Q q 0 0 0 rg BT 370.09 178.25 Td (and ) Tj ET Q q 0 0 0 rg BT 388.71 178.25 Td (energy ) Tj ET Q q 0 0 0 rg BT 420.09 178.25 Td (pr) Tj ET Q q 0 0 0 rg BT 429.91 178.25 Td (oducts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 154.25 Td (T) Tj ET Q q 0 0 0 rg BT 91.41 154.25 Td (echnological ) Tj ET Q q 0 0 0 rg BT 144.35 154.25 Td (advances ) Tj ET Q q 0 0 0 rg BT 182.84 154.25 Td (in ) Tj ET Q q 0 0 0 rg BT 192.47 154.25 Td (agriculture ) Tj ET Q q 0 0 0 rg BT 237.63 154.25 Td (could ) Tj ET Q q 0 0 0 rg BT 261.69 154.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 297.95 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 312.02 154.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 345.52 154.25 Td (for ) Tj ET Q q 0 0 0 rg BT 359.03 154.25 Td (crop ) Tj ET Q q 0 0 0 rg BT 378.65 154.25 Td (nutrients, ) Tj ET Q q 0 0 0 rg BT 417.99 154.25 Td (ener) Tj ET Q q 0 0 0 rg BT 435.02 154.25 Td (gy ) Tj ET Q q 0 0 0 rg BT 446.86 154.25 Td (and ) Tj ET Q q 0 0 0 rg BT 463.15 154.25 Td (other ) Tj ET Q q 0 0 0 rg BT 485.55 154.25 Td (crop ) Tj ET Q q 0 0 0 rg BT 505.16 154.25 Td (input ) Tj ET Q q 0 0 0 rg BT 527.57 154.25 Td (products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (and ) Tj ET Q q 0 0 0 rg BT 68.75 142.25 Td (services ) Tj ET Q q 0 0 0 rg BT 105.27 142.25 Td (that ) Tj ET Q q 0 0 0 rg BT 124.57 142.25 Td (we ) Tj ET Q q 0 0 0 rg BT 140.54 142.25 Td (provide. ) Tj ET Q q 0 0 0 rg BT 177.90 142.25 Td (Genetically ) Tj ET Q q 0 0 0 rg BT 228.30 142.25 Td (engineered ) Tj ET Q q 0 0 0 rg BT 276.48 142.25 Td (seeds ) Tj ET Q q 0 0 0 rg BT 302.45 142.25 Td (that ) Tj ET Q q 0 0 0 rg BT 321.75 142.25 Td (resist ) Tj ET Q q 0 0 0 rg BT 347.17 142.25 Td (disease ) Tj ET Q q 0 0 0 rg BT 380.36 142.25 Td (and ) Tj ET Q q 0 0 0 rg BT 399.11 142.25 Td (insects, ) Tj ET Q q 0 0 0 rg BT 433.14 142.25 Td (or ) Tj ET Q q 0 0 0 rg BT 445.78 142.25 Td (that ) Tj ET Q q 0 0 0 rg BT 465.09 142.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 488.83 142.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 520.34 142.25 Td (nutritional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 107.72 130.25 Td (could ) Tj ET Q q 0 0 0 rg BT 132.96 130.25 Td (af) Tj ET Q q 0 0 0 rg BT 140.54 130.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 158.55 130.25 Td (the ) Tj ET Q q 0 0 0 rg BT 173.79 130.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 208.46 130.25 Td (for ) Tj ET Q q 0 0 0 rg BT 223.14 130.25 Td (our ) Tj ET Q q 0 0 0 rg BT 239.49 130.25 Td (crop ) Tj ET Q q 0 0 0 rg BT 260.28 130.25 Td (nutrients ) Tj ET Q q 0 0 0 rg BT 298.29 130.25 Td (and ) Tj ET Q q 0 0 0 rg BT 315.75 130.25 Td (crop ) Tj ET Q q 0 0 0 rg BT 336.53 130.25 Td (protection ) Tj ET Q q 0 0 0 rg BT 380.10 130.25 Td (products. ) Tj ET Q q 0 0 0 rg BT 420.05 130.25 Td (Demand ) Tj ET Q q 0 0 0 rg BT 456.95 130.25 Td (for ) Tj ET Q q 0 0 0 rg BT 471.63 130.25 Td (fuel ) Tj ET Q q 0 0 0 rg BT 490.19 130.25 Td (that ) Tj ET Q q 0 0 0 rg BT 508.21 130.25 Td (we ) Tj ET Q q 0 0 0 rg BT 522.89 130.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 539.79 130.25 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 82.13 118.25 Td (as ) Tj ET Q q 0 0 0 rg BT 93.72 118.25 Td (technology ) Tj ET Q q 0 0 0 rg BT 141.41 118.25 Td (allows ) Tj ET Q q 0 0 0 rg BT 170.78 118.25 Td (for ) Tj ET Q q 0 0 0 rg BT 185.70 118.25 Td (more ) Tj ET Q q 0 0 0 rg BT 209.51 118.25 Td (ef) Tj ET Q q 0 0 0 rg BT 217.09 118.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 245.90 118.25 Td (usage ) Tj ET Q q 0 0 0 rg BT 271.92 118.25 Td (of ) Tj ET Q q 0 0 0 rg BT 283.51 118.25 Td (equipment. ) Tj ET Q q 0 0 0 rg BT 331.48 118.25 Td (Declining ) Tj ET Q q 0 0 0 rg BT 374.18 118.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 409.09 118.25 Td (for ) Tj ET Q q 0 0 0 rg BT 424.01 118.25 Td (our ) Tj ET Q q 0 0 0 rg BT 440.60 118.25 Td (products ) Tj ET Q q 0 0 0 rg BT 478.30 118.25 Td (could ) Tj ET Q q 0 0 0 rg BT 503.77 118.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 547.57 118.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 90.82 106.25 Td (af) Tj ET Q q 0 0 0 rg BT 98.40 106.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 115.89 106.25 Td (our ) Tj ET Q q 0 0 0 rg BT 131.72 106.25 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 172.26 106.25 Td (results ) Tj ET Q q 0 0 0 rg BT 200.86 106.25 Td (of ) Tj ET Q q 0 0 0 rg BT 211.69 106.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 255.85 106.25 Td (and ) Tj ET Q q 0 0 0 rg BT 272.79 106.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 293.06 106.25 Td (flows.) Tj ET Q endstream endobj 39 0 obj <>] /Rotate 0 /Contents 40 0 R>> endobj 40 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (16) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Acquisitions, ) Tj ET Q q 0 0 0 rg BT 108.43 742.25 Td (strategic ) Tj ET Q q 0 0 0 rg BT 148.21 742.25 Td (alliances, ) Tj ET Q q 0 0 0 rg BT 190.52 742.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 213.65 742.25 Td (ventur) Tj ET Q q 0 0 0 rg BT 241.80 742.25 Td (es, ) Tj ET Q q 0 0 0 rg BT 255.77 742.25 Td (divestitur) Tj ET Q q 0 0 0 rg BT 296.70 742.25 Td (es ) Tj ET Q q 0 0 0 rg BT 308.16 742.25 Td (and ) Tj ET Q q 0 0 0 rg BT 327.42 742.25 Td (other) Tj ET Q q 0 0 0 rg BT 350.01 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 353.15 742.25 Td (non-ordinary ) Tj ET Q q 0 0 0 rg BT 413.52 742.25 Td (course ) Tj ET Q q 0 0 0 rg BT 444.42 742.25 Td (of ) Tj ET Q q 0 0 0 rg BT 455.89 742.25 Td (business ) Tj ET Q q 0 0 0 rg BT 494.60 742.25 Td (events ) Tj ET Q q 0 0 0 rg BT 524.40 742.25 Td (r) Tj ET Q q 0 0 0 rg BT 528.66 742.25 Td (esulting ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (fr) Tj ET Q q 0 0 0 rg BT 57.59 730.25 Td (om ) Tj ET Q q 0 0 0 rg BT 73.42 730.25 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 113.13 730.25 Td (management ) Tj ET Q q 0 0 0 rg BT 170.63 730.25 Td (actions ) Tj ET Q q 0 0 0 rg BT 203.13 730.25 Td (and ) Tj ET Q q 0 0 0 rg BT 221.75 730.25 Td (other) Tj ET Q q 0 0 0 rg BT 244.34 730.25 Td ( ) Tj ET Q q 0 0 0 rg BT 246.84 730.25 Td (evolving ) Tj ET Q q 0 0 0 rg BT 284.89 730.25 Td (business ) Tj ET Q q 0 0 0 rg BT 322.97 730.25 Td (strategies ) Tj ET Q q 0 0 0 rg BT 366.01 730.25 Td (could ) Tj ET Q q 0 0 0 rg BT 391.85 730.25 Td (affect ) Tj ET Q q 0 0 0 rg BT 418.21 730.25 Td (futur) Tj ET Q q 0 0 0 rg BT 440.25 730.25 Td (e ) Tj ET Q q 0 0 0 rg BT 447.19 730.25 Td (r) Tj ET Q q 0 0 0 rg BT 451.45 730.25 Td (esults.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 706.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 706.25 Td (e) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 99.08 706.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.69 706.25 Td (monitor ) Tj ET Q q 0 0 0 rg BT 135.97 706.25 Td (our ) Tj ET Q q 0 0 0 rg BT 151.92 706.25 Td (business ) Tj ET Q q 0 0 0 rg BT 188.42 706.25 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 226.03 706.25 Td (and ) Tj ET Q q 0 0 0 rg BT 243.08 706.25 Td (or) Tj ET Q q 0 0 0 rg BT 251.23 706.25 Td (ganizational ) Tj ET Q q 0 0 0 rg BT 302.72 706.25 Td (structure ) Tj ET Q q 0 0 0 rg BT 340.32 706.25 Td (and ) Tj ET Q q 0 0 0 rg BT 357.37 706.25 Td (have ) Tj ET Q q 0 0 0 rg BT 378.86 706.25 Td (made ) Tj ET Q q 0 0 0 rg BT 403.13 706.25 Td (and ) Tj ET Q q 0 0 0 rg BT 420.18 706.25 Td (may ) Tj ET Q q 0 0 0 rg BT 440.02 706.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 477.06 706.25 Td (to ) Tj ET Q q 0 0 0 rg BT 487.46 706.25 Td (make ) Tj ET Q q 0 0 0 rg BT 511.73 706.25 Td (acquisitions,) Tj ET Q BT /F3 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (strategic ) Tj ET Q q 0 0 0 rg BT 87.07 694.25 Td (alliances, ) Tj ET Q q 0 0 0 rg BT 127.75 694.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 149.28 694.25 Td (ventures, ) Tj ET Q q 0 0 0 rg BT 188.86 694.25 Td (divestitures ) Tj ET Q q 0 0 0 rg BT 238.16 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 255.80 694.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 291.20 694.25 Td (to ) Tj ET Q q 0 0 0 rg BT 302.18 694.25 Td (our ) Tj ET Q q 0 0 0 rg BT 318.71 694.25 Td (or) Tj ET Q q 0 0 0 rg BT 326.86 694.25 Td (ganizational ) Tj ET Q q 0 0 0 rg BT 378.92 694.25 Td (structure. ) Tj ET Q q 0 0 0 rg BT 419.37 694.25 Td (W) Tj ET Q q 0 0 0 rg BT 428.41 694.25 Td (ith ) Tj ET Q q 0 0 0 rg BT 442.17 694.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 473.68 694.25 Td (to ) Tj ET Q q 0 0 0 rg BT 484.66 694.25 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 538.13 694.25 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (results ) Tj ET Q q 0 0 0 rg BT 79.25 682.25 Td (will ) Tj ET Q q 0 0 0 rg BT 97.94 682.25 Td (be ) Tj ET Q q 0 0 0 rg BT 110.52 682.25 Td (af) Tj ET Q q 0 0 0 rg BT 118.11 682.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 145.67 682.25 Td (by ) Tj ET Q q 0 0 0 rg BT 158.81 682.25 Td (our ) Tj ET Q q 0 0 0 rg BT 175.28 682.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 203.97 682.25 Td (to ) Tj ET Q q 0 0 0 rg BT 214.88 682.25 Td (identify ) Tj ET Q q 0 0 0 rg BT 249.13 682.25 Td (suitable ) Tj ET Q q 0 0 0 rg BT 283.37 682.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 330.39 682.25 Td (candidates, ) Tj ET Q q 0 0 0 rg BT 378.23 682.25 Td (to ) Tj ET Q q 0 0 0 rg BT 389.15 682.25 Td (adequately ) Tj ET Q q 0 0 0 rg BT 435.60 682.25 Td (finance ) Tj ET Q q 0 0 0 rg BT 468.16 682.25 Td (any ) Tj ET Q q 0 0 0 rg BT 485.74 682.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 536.65 682.25 Td (and ) Tj ET Q q 0 0 0 rg BT 554.23 682.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (integrate ) Tj ET Q q 0 0 0 rg BT 87.25 670.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 123.94 670.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 168.43 670.25 Td (quickly ) Tj ET Q q 0 0 0 rg BT 200.69 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 217.40 670.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 244.66 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 259.14 670.25 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 305.28 670.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 342.52 670.25 Td (returns, ) Tj ET Q q 0 0 0 rg BT 375.06 670.25 Td (including ) Tj ET Q q 0 0 0 rg BT 415.10 670.25 Td (syner) Tj ET Q q 0 0 0 rg BT 436.58 670.25 Td (gies. ) Tj ET Q q 0 0 0 rg BT 457.45 670.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 475.27 670.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 503.09 670.25 Td (to ) Tj ET Q q 0 0 0 rg BT 513.14 670.25 Td (successfully ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (complete ) Tj ET Q q 0 0 0 rg BT 89.23 658.25 Td (a ) Tj ET Q q 0 0 0 rg BT 96.25 658.25 Td (divestiture ) Tj ET Q q 0 0 0 rg BT 141.04 658.25 Td (will ) Tj ET Q q 0 0 0 rg BT 159.18 658.25 Td (depend ) Tj ET Q q 0 0 0 rg BT 190.63 658.25 Td (on, ) Tj ET Q q 0 0 0 rg BT 205.71 658.25 Td (among ) Tj ET Q q 0 0 0 rg BT 235.51 658.25 Td (other ) Tj ET Q q 0 0 0 rg BT 258.63 658.25 Td (things, ) Tj ET Q q 0 0 0 rg BT 288.16 658.25 Td (our ) Tj ET Q q 0 0 0 rg BT 304.07 658.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 332.20 658.25 Td (to ) Tj ET Q q 0 0 0 rg BT 342.56 658.25 Td (identify ) Tj ET Q q 0 0 0 rg BT 376.24 658.25 Td (buyers ) Tj ET Q q 0 0 0 rg BT 405.48 658.25 Td (that ) Tj ET Q q 0 0 0 rg BT 423.06 658.25 Td (are ) Tj ET Q q 0 0 0 rg BT 437.85 658.25 Td (prepared ) Tj ET Q q 0 0 0 rg BT 475.40 658.25 Td (to ) Tj ET Q q 0 0 0 rg BT 485.76 658.25 Td (acquire ) Tj ET Q q 0 0 0 rg BT 517.76 658.25 Td (such ) Tj ET Q q 0 0 0 rg BT 538.67 658.25 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (or ) Tj ET Q q 0 0 0 rg BT 60.95 646.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 105.78 646.25 Td (on ) Tj ET Q q 0 0 0 rg BT 118.40 646.25 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 163.20 646.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 188.04 646.25 Td (and ) Tj ET Q q 0 0 0 rg BT 205.09 646.25 Td (to ) Tj ET Q q 0 0 0 rg BT 215.49 646.25 Td (adjust ) Tj ET Q q 0 0 0 rg BT 241.99 646.25 Td (and ) Tj ET Q q 0 0 0 rg BT 259.04 646.25 Td (optimize ) Tj ET Q q 0 0 0 rg BT 296.65 646.25 Td (our ) Tj ET Q q 0 0 0 rg BT 312.60 646.25 Td (retained ) Tj ET Q q 0 0 0 rg BT 347.42 646.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 392.25 646.25 Td (following ) Tj ET Q q 0 0 0 rg BT 433.76 646.25 Td (the ) Tj ET Q q 0 0 0 rg BT 448.59 646.25 Td (divestiture. ) Tj ET Q q 0 0 0 rg BT 495.34 646.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 545.24 646.25 Td (, ) Tj ET Q q 0 0 0 rg BT 550.36 646.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (may ) Tj ET Q q 0 0 0 rg BT 70.73 634.25 Td (fail ) Tj ET Q q 0 0 0 rg BT 87.57 634.25 Td (to ) Tj ET Q q 0 0 0 rg BT 98.86 634.25 Td (consummate ) Tj ET Q q 0 0 0 rg BT 152.92 634.25 Td (proposed ) Tj ET Q q 0 0 0 rg BT 193.09 634.25 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 246.88 634.25 Td (divestitures, ) Tj ET Q q 0 0 0 rg BT 298.99 634.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 320.84 634.25 Td (ventures ) Tj ET Q q 0 0 0 rg BT 358.23 634.25 Td (or ) Tj ET Q q 0 0 0 rg BT 370.07 634.25 Td (strategic ) Tj ET Q q 0 0 0 rg BT 407.46 634.25 Td (alliances ) Tj ET Q q 0 0 0 rg BT 445.95 634.25 Td (after ) Tj ET Q q 0 0 0 rg BT 467.78 634.25 Td (incurring ) Tj ET Q q 0 0 0 rg BT 507.95 634.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 547.56 634.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (devoting ) Tj ET Q q 0 0 0 rg BT 87.50 622.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 132.77 622.25 Td (resources, ) Tj ET Q q 0 0 0 rg BT 175.53 622.25 Td (including ) Tj ET Q q 0 0 0 rg BT 215.80 622.25 Td (management ) Tj ET Q q 0 0 0 rg BT 269.39 622.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 292.16 622.25 Td (to ) Tj ET Q q 0 0 0 rg BT 302.44 622.25 Td (such ) Tj ET Q q 0 0 0 rg BT 323.27 622.25 Td (transactions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 598.25 Td (Several ) Tj ET Q q 0 0 0 rg BT 118.59 598.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 140.63 598.25 Td (of ) Tj ET Q q 0 0 0 rg BT 151.56 598.25 Td (our ) Tj ET Q q 0 0 0 rg BT 167.49 598.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 206.49 598.25 Td (including ) Tj ET Q q 0 0 0 rg BT 246.86 598.25 Td (in ) Tj ET Q q 0 0 0 rg BT 257.25 598.25 Td (particular ) Tj ET Q q 0 0 0 rg BT 298.16 598.25 Td (our ) Tj ET Q q 0 0 0 rg BT 314.09 598.25 Td (nitrogen ) Tj ET Q q 0 0 0 rg BT 350.02 598.25 Td (production ) Tj ET Q q 0 0 0 rg BT 395.95 598.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 434.94 598.25 Td (our ) Tj ET Q q 0 0 0 rg BT 450.87 598.25 Td (foods ) Tj ET Q q 0 0 0 rg BT 475.70 598.25 Td (business ) Tj ET Q q 0 0 0 rg BT 512.19 598.25 Td (and ) Tj ET Q q 0 0 0 rg BT 529.23 598.25 Td (portions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.67 586.25 Td (our ) Tj ET Q q 0 0 0 rg BT 76.35 586.25 Td (grain ) Tj ET Q q 0 0 0 rg BT 99.24 586.25 Td (marketing ) Tj ET Q q 0 0 0 rg BT 142.12 586.25 Td (and ) Tj ET Q q 0 0 0 rg BT 158.91 586.25 Td (wheat ) Tj ET Q q 0 0 0 rg BT 185.13 586.25 Td (milling ) Tj ET Q q 0 0 0 rg BT 216.36 586.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 262.86 586.25 Td (are ) Tj ET Q q 0 0 0 rg BT 277.41 586.25 Td (operated ) Tj ET Q q 0 0 0 rg BT 314.18 586.25 Td (through ) Tj ET Q q 0 0 0 rg BT 347.63 586.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 368.31 586.25 Td (ventures ) Tj ET Q q 0 0 0 rg BT 404.53 586.25 Td (with ) Tj ET Q q 0 0 0 rg BT 424.65 586.25 Td (third ) Tj ET Q q 0 0 0 rg BT 445.88 586.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 474.88 586.25 Td (where ) Tj ET Q q 0 0 0 rg BT 501.66 586.25 Td (we ) Tj ET Q q 0 0 0 rg BT 515.66 586.25 Td (do ) Tj ET Q q 0 0 0 rg BT 528.00 586.25 Td (not ) Tj ET Q q 0 0 0 rg BT 543.13 586.25 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 86.02 574.25 Td (control ) Tj ET Q q 0 0 0 rg BT 116.47 574.25 Td (of ) Tj ET Q q 0 0 0 rg BT 126.94 574.25 Td (the ) Tj ET Q q 0 0 0 rg BT 141.29 574.25 Td (venture. ) Tj ET Q q 0 0 0 rg BT 175.91 574.25 Td (By ) Tj ET Q q 0 0 0 rg BT 189.71 574.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 229.61 574.25 Td (a ) Tj ET Q q 0 0 0 rg BT 236.18 574.25 Td (business ) Tj ET Q q 0 0 0 rg BT 272.21 574.25 Td (through ) Tj ET Q q 0 0 0 rg BT 305.45 574.25 Td (a ) Tj ET Q q 0 0 0 rg BT 312.02 574.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 332.49 574.25 Td (venture, ) Tj ET Q q 0 0 0 rg BT 367.11 574.25 Td (we ) Tj ET Q q 0 0 0 rg BT 380.90 574.25 Td (have ) Tj ET Q q 0 0 0 rg BT 401.91 574.25 Td (less ) Tj ET Q q 0 0 0 rg BT 419.05 574.25 Td (control ) Tj ET Q q 0 0 0 rg BT 449.51 574.25 Td (over ) Tj ET Q q 0 0 0 rg BT 469.41 574.25 Td (business ) Tj ET Q q 0 0 0 rg BT 505.43 574.25 Td (decisions ) Tj ET Q q 0 0 0 rg BT 544.79 574.25 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (we ) Tj ET Q q 0 0 0 rg BT 64.20 562.25 Td (have ) Tj ET Q q 0 0 0 rg BT 85.61 562.25 Td (in ) Tj ET Q q 0 0 0 rg BT 95.92 562.25 Td (our ) Tj ET Q q 0 0 0 rg BT 111.79 562.25 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 172.09 562.25 Td (or ) Tj ET Q q 0 0 0 rg BT 182.96 562.25 Td (majority-owned ) Tj ET Q q 0 0 0 rg BT 249.37 562.25 Td (businesses. ) Tj ET Q q 0 0 0 rg BT 296.62 562.25 Td (In ) Tj ET Q q 0 0 0 rg BT 307.49 562.25 Td (particular) Tj ET Q q 0 0 0 rg BT 345.40 562.25 Td (, ) Tj ET Q q 0 0 0 rg BT 350.43 562.25 Td (we ) Tj ET Q q 0 0 0 rg BT 364.63 562.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 404.37 562.25 Td (cannot ) Tj ET Q q 0 0 0 rg BT 433.56 562.25 Td (act ) Tj ET Q q 0 0 0 rg BT 447.75 562.25 Td (on ) Tj ET Q q 0 0 0 rg BT 460.29 562.25 Td (major ) Tj ET Q q 0 0 0 rg BT 486.15 562.25 Td (business ) Tj ET Q q 0 0 0 rg BT 522.57 562.25 Td (initiatives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.32 550.25 Td (our ) Tj ET Q q 0 0 0 rg BT 76.19 550.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 97.06 550.25 Td (ventures ) Tj ET Q q 0 0 0 rg BT 133.48 550.25 Td (without ) Tj ET Q q 0 0 0 rg BT 166.57 550.25 Td (the ) Tj ET Q q 0 0 0 rg BT 181.33 550.25 Td (consent ) Tj ET Q q 0 0 0 rg BT 214.41 550.25 Td (of ) Tj ET Q q 0 0 0 rg BT 225.28 550.25 Td (the ) Tj ET Q q 0 0 0 rg BT 240.04 550.25 Td (other ) Tj ET Q q 0 0 0 rg BT 263.13 550.25 Td (party ) Tj ET Q q 0 0 0 rg BT 286.21 550.25 Td (or ) Tj ET Q q 0 0 0 rg BT 297.08 550.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 326.27 550.25 Td (in ) Tj ET Q q 0 0 0 rg BT 336.59 550.25 Td (those ) Tj ET Q q 0 0 0 rg BT 360.24 550.25 Td (ventures. ) Tj ET Q q 0 0 0 rg BT 399.16 550.25 Td (Investments ) Tj ET Q q 0 0 0 rg BT 450.02 550.25 Td (in ) Tj ET Q q 0 0 0 rg BT 460.34 550.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 481.21 550.25 Td (ventures ) Tj ET Q q 0 0 0 rg BT 517.63 550.25 Td (may) Tj ET Q q 0 0 0 rg BT 534.19 550.25 Td (, ) Tj ET Q q 0 0 0 rg BT 539.23 550.25 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 79.02 538.25 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 139.97 538.25 Td (involve ) Tj ET Q q 0 0 0 rg BT 171.78 538.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 192.49 538.25 Td (not ) Tj ET Q q 0 0 0 rg BT 207.08 538.25 Td (present ) Tj ET Q q 0 0 0 rg BT 237.78 538.25 Td (when ) Tj ET Q q 0 0 0 rg BT 261.25 538.25 Td (a ) Tj ET Q q 0 0 0 rg BT 267.51 538.25 Td (third ) Tj ET Q q 0 0 0 rg BT 288.21 538.25 Td (party ) Tj ET Q q 0 0 0 rg BT 310.57 538.25 Td (is ) Tj ET Q q 0 0 0 rg BT 319.06 538.25 Td (not ) Tj ET Q q 0 0 0 rg BT 333.65 538.25 Td (involved, ) Tj ET Q q 0 0 0 rg BT 372.96 538.25 Td (including ) Tj ET Q q 0 0 0 rg BT 412.55 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 426.58 538.25 Td (possibility ) Tj ET Q q 0 0 0 rg BT 470.07 538.25 Td (that ) Tj ET Q q 0 0 0 rg BT 486.88 538.25 Td (co-venturers ) Tj ET Q q 0 0 0 rg BT 538.67 538.25 Td (might ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (become ) Tj ET Q q 0 0 0 rg BT 84.12 526.25 Td (bankrupt ) Tj ET Q q 0 0 0 rg BT 122.69 526.25 Td (or ) Tj ET Q q 0 0 0 rg BT 134.05 526.25 Td (fail ) Tj ET Q q 0 0 0 rg BT 150.40 526.25 Td (to ) Tj ET Q q 0 0 0 rg BT 161.21 526.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 182.56 526.25 Td (their ) Tj ET Q q 0 0 0 rg BT 203.91 526.25 Td (share ) Tj ET Q q 0 0 0 rg BT 228.04 526.25 Td (of ) Tj ET Q q 0 0 0 rg BT 239.40 526.25 Td (required ) Tj ET Q q 0 0 0 rg BT 275.74 526.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 305.41 526.25 Td (contributions, ) Tj ET Q q 0 0 0 rg BT 363.71 526.25 Td (in ) Tj ET Q q 0 0 0 rg BT 374.52 526.25 Td (which ) Tj ET Q q 0 0 0 rg BT 401.98 526.25 Td (case ) Tj ET Q q 0 0 0 rg BT 422.22 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 437.46 526.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 458.82 526.25 Td (venture ) Tj ET Q q 0 0 0 rg BT 491.83 526.25 Td (may ) Tj ET Q q 0 0 0 rg BT 512.08 526.25 Td (be ) Tj ET Q q 0 0 0 rg BT 524.54 526.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 554.22 526.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (access ) Tj ET Q q 0 0 0 rg BT 77.76 514.25 Td (needed ) Tj ET Q q 0 0 0 rg BT 108.29 514.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 138.84 514.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 167.72 514.25 Td (\(if ) Tj ET Q q 0 0 0 rg BT 179.38 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 193.81 514.25 Td (co-venturer ) Tj ET Q q 0 0 0 rg BT 242.12 514.25 Td (is ) Tj ET Q q 0 0 0 rg BT 251.01 514.25 Td (solely ) Tj ET Q q 0 0 0 rg BT 277.12 514.25 Td (responsible ) Tj ET Q q 0 0 0 rg BT 324.88 514.25 Td (for ) Tj ET Q q 0 0 0 rg BT 338.76 514.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 367.63 514.25 Td (contributions\) ) Tj ET Q q 0 0 0 rg BT 425.96 514.25 Td (or ) Tj ET Q q 0 0 0 rg BT 436.51 514.25 Td (we ) Tj ET Q q 0 0 0 rg BT 450.39 514.25 Td (and ) Tj ET Q q 0 0 0 rg BT 467.05 514.25 Td (any ) Tj ET Q q 0 0 0 rg BT 483.71 514.25 Td (other ) Tj ET Q q 0 0 0 rg BT 506.48 514.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 549.24 514.25 Td (co-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (venturers ) Tj ET Q q 0 0 0 rg BT 90.60 502.25 Td (would ) Tj ET Q q 0 0 0 rg BT 119.00 502.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 159.59 502.25 Td (be ) Tj ET Q q 0 0 0 rg BT 172.43 502.25 Td (liable ) Tj ET Q q 0 0 0 rg BT 198.03 502.25 Td (for ) Tj ET Q q 0 0 0 rg BT 213.09 502.25 Td (the ) Tj ET Q q 0 0 0 rg BT 228.70 502.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 250.43 502.25 Td (venture) Tj ET Q q 0 0 0 rg BT 283.20 502.25 Td (s ) Tj ET Q q 0 0 0 rg BT 290.48 502.25 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 333.59 502.25 Td (Co-venturers ) Tj ET Q q 0 0 0 rg BT 389.20 502.25 Td (may ) Tj ET Q q 0 0 0 rg BT 409.81 502.25 Td (have ) Tj ET Q q 0 0 0 rg BT 432.08 502.25 Td (economic, ) Tj ET Q q 0 0 0 rg BT 476.85 502.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 492.46 502.25 Td (or ) Tj ET Q q 0 0 0 rg BT 504.18 502.25 Td (other ) Tj ET Q q 0 0 0 rg BT 528.13 502.25 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 85.83 490.25 Td (or ) Tj ET Q q 0 0 0 rg BT 96.67 490.25 Td (goals ) Tj ET Q q 0 0 0 rg BT 120.29 490.25 Td (which ) Tj ET Q q 0 0 0 rg BT 147.23 490.25 Td (are ) Tj ET Q q 0 0 0 rg BT 161.95 490.25 Td (inconsistent ) Tj ET Q q 0 0 0 rg BT 212.23 490.25 Td (with ) Tj ET Q q 0 0 0 rg BT 232.51 490.25 Td (our ) Tj ET Q q 0 0 0 rg BT 248.35 490.25 Td (business ) Tj ET Q q 0 0 0 rg BT 284.75 490.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 320.58 490.25 Td (or ) Tj ET Q q 0 0 0 rg BT 331.42 490.25 Td (goals, ) Tj ET Q q 0 0 0 rg BT 357.53 490.25 Td (and ) Tj ET Q q 0 0 0 rg BT 374.48 490.25 Td (may ) Tj ET Q q 0 0 0 rg BT 394.20 490.25 Td (be ) Tj ET Q q 0 0 0 rg BT 406.15 490.25 Td (in ) Tj ET Q q 0 0 0 rg BT 416.44 490.25 Td (a ) Tj ET Q q 0 0 0 rg BT 423.38 490.25 Td (position ) Tj ET Q q 0 0 0 rg BT 458.12 490.25 Td (to ) Tj ET Q q 0 0 0 rg BT 468.40 490.25 Td (take ) Tj ET Q q 0 0 0 rg BT 487.56 490.25 Td (actions ) Tj ET Q q 0 0 0 rg BT 518.40 490.25 Td (contrary ) Tj ET Q q 0 0 0 rg BT 554.22 490.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (our ) Tj ET Q q 0 0 0 rg BT 65.87 478.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 99.51 478.25 Td (or ) Tj ET Q q 0 0 0 rg BT 110.38 478.25 Td (objectives. ) Tj ET Q q 0 0 0 rg BT 155.96 478.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 174.05 478.25 Td (co-venturers ) Tj ET Q q 0 0 0 rg BT 226.57 478.25 Td (may ) Tj ET Q q 0 0 0 rg BT 246.32 478.25 Td (take ) Tj ET Q q 0 0 0 rg BT 265.52 478.25 Td (actions ) Tj ET Q q 0 0 0 rg BT 296.38 478.25 Td (that ) Tj ET Q q 0 0 0 rg BT 313.92 478.25 Td (are ) Tj ET Q q 0 0 0 rg BT 328.66 478.25 Td (not ) Tj ET Q q 0 0 0 rg BT 343.98 478.25 Td (within ) Tj ET Q q 0 0 0 rg BT 372.08 478.25 Td (our ) Tj ET Q q 0 0 0 rg BT 387.94 478.25 Td (control. ) Tj ET Q q 0 0 0 rg BT 421.31 478.25 Td (Joint ) Tj ET Q q 0 0 0 rg BT 443.30 478.25 Td (venture ) Tj ET Q q 0 0 0 rg BT 475.82 478.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 526.13 478.25 Td (may ) Tj ET Q q 0 0 0 rg BT 545.89 478.25 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (lead ) Tj ET Q q 0 0 0 rg BT 69.54 466.25 Td (to ) Tj ET Q q 0 0 0 rg BT 80.20 466.25 Td (impasses. ) Tj ET Q q 0 0 0 rg BT 121.68 466.25 Td (Disputes ) Tj ET Q q 0 0 0 rg BT 159.57 466.25 Td (between ) Tj ET Q q 0 0 0 rg BT 195.76 466.25 Td (us ) Tj ET Q q 0 0 0 rg BT 207.53 466.25 Td (and ) Tj ET Q q 0 0 0 rg BT 224.85 466.25 Td (co-venturers ) Tj ET Q q 0 0 0 rg BT 277.71 466.25 Td (may ) Tj ET Q q 0 0 0 rg BT 297.81 466.25 Td (result ) Tj ET Q q 0 0 0 rg BT 322.91 466.25 Td (in ) Tj ET Q q 0 0 0 rg BT 333.56 466.25 Td (litigation ) Tj ET Q q 0 0 0 rg BT 372.55 466.25 Td (or ) Tj ET Q q 0 0 0 rg BT 383.76 466.25 Td (arbitration ) Tj ET Q q 0 0 0 rg BT 428.30 466.25 Td (that ) Tj ET Q q 0 0 0 rg BT 446.17 466.25 Td (would ) Tj ET Q q 0 0 0 rg BT 474.05 466.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 509.69 466.25 Td (our ) Tj ET Q q 0 0 0 rg BT 525.90 466.25 Td (expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.12 454.25 Td (prevent ) Tj ET Q q 0 0 0 rg BT 99.79 454.25 Td (our ) Tj ET Q q 0 0 0 rg BT 115.80 454.25 Td (of) Tj ET Q q 0 0 0 rg BT 123.95 454.25 Td (ficers ) Tj ET Q q 0 0 0 rg BT 148.84 454.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 177.07 454.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 214.74 454.25 Td (from ) Tj ET Q q 0 0 0 rg BT 236.86 454.25 Td (focusing ) Tj ET Q q 0 0 0 rg BT 273.98 454.25 Td (their ) Tj ET Q q 0 0 0 rg BT 294.98 454.25 Td (time ) Tj ET Q q 0 0 0 rg BT 315.44 454.25 Td (and ) Tj ET Q q 0 0 0 rg BT 332.56 454.25 Td (ef) Tj ET Q q 0 0 0 rg BT 340.15 454.25 Td (fort ) Tj ET Q q 0 0 0 rg BT 357.27 454.25 Td (on ) Tj ET Q q 0 0 0 rg BT 369.95 454.25 Td (our ) Tj ET Q q 0 0 0 rg BT 385.96 454.25 Td (day-to-day ) Tj ET Q q 0 0 0 rg BT 431.96 454.25 Td (business. ) Tj ET Q q 0 0 0 rg BT 471.03 454.25 Td (In ) Tj ET Q q 0 0 0 rg BT 482.05 454.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 520.00 454.25 Td (we ) Tj ET Q q 0 0 0 rg BT 534.34 454.25 Td (may ) Tj ET Q q 0 0 0 rg BT 554.24 454.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 79.73 442.25 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 138.89 442.25 Td (be ) Tj ET Q q 0 0 0 rg BT 150.85 442.25 Td (liable ) Tj ET Q q 0 0 0 rg BT 175.59 442.25 Td (for ) Tj ET Q q 0 0 0 rg BT 189.78 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 204.52 442.25 Td (actions ) Tj ET Q q 0 0 0 rg BT 235.37 442.25 Td (of ) Tj ET Q q 0 0 0 rg BT 246.22 442.25 Td (our ) Tj ET Q q 0 0 0 rg BT 262.08 442.25 Td (co-venturers. ) Tj ET Q q 0 0 0 rg BT 317.08 442.25 Td (Each ) Tj ET Q q 0 0 0 rg BT 339.58 442.25 Td (of ) Tj ET Q q 0 0 0 rg BT 350.44 442.25 Td (these ) Tj ET Q q 0 0 0 rg BT 373.51 442.25 Td (matters ) Tj ET Q q 0 0 0 rg BT 405.47 442.25 Td (could ) Tj ET Q q 0 0 0 rg BT 430.21 442.25 Td (have ) Tj ET Q q 0 0 0 rg BT 451.61 442.25 Td (a ) Tj ET Q q 0 0 0 rg BT 458.57 442.25 Td (material ) Tj ET Q q 0 0 0 rg BT 493.86 442.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 526.92 442.25 Td (ef) Tj ET Q q 0 0 0 rg BT 534.51 442.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 552.02 442.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 406.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 406.25 Td (e made certain assumptions and projections regarding the future of the markets served by our joint venture ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (investments which included projected market pricing and demand for their products. ) Tj ET Q q 0 0 0 rg BT 390.27 394.25 Td (These assumptions were an integral part of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (the economics used to evaluate these joint venture investment opportunities prior to consummation. ) Tj ET Q q 0 0 0 rg BT 450.84 382.25 Td (T) Tj ET Q q 0 0 0 rg BT 456.25 382.25 Td (o the extent that actual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (market performance varies from our models, our ability to achieve the projected returns on our joint venture investments may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (be impacted in a material adverse manner) Tj ET Q q 0 0 0 rg BT 216.04 358.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (W) Tj ET Q q 0 0 0 rg BT 59.45 334.25 Td (e ) Tj ET Q q 0 0 0 rg BT 65.46 334.25 Td (utilize ) Tj ET Q q 0 0 0 rg BT 93.13 334.25 Td (information ) Tj ET Q q 0 0 0 rg BT 145.81 334.25 Td (technology ) Tj ET Q q 0 0 0 rg BT 193.49 334.25 Td (systems ) Tj ET Q q 0 0 0 rg BT 227.84 334.25 Td (to ) Tj ET Q q 0 0 0 rg BT 237.74 334.25 Td (support ) Tj ET Q q 0 0 0 rg BT 272.65 334.25 Td (our) Tj ET Q q 0 0 0 rg BT 287.47 334.25 Td ( ) Tj ET Q q 0 0 0 rg BT 289.04 334.25 Td (business. ) Tj ET Q q 0 0 0 rg BT 328.35 334.25 Td (An ) Tj ET Q q 0 0 0 rg BT 342.70 334.25 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 378.17 334.25 Td (multi-year) Tj ET Q q 0 0 0 rg BT 422.98 334.25 Td ( ) Tj ET Q q 0 0 0 rg BT 424.55 334.25 Td (implementation ) Tj ET Q q 0 0 0 rg BT 493.34 334.25 Td (of ) Tj ET Q q 0 0 0 rg BT 503.24 334.25 Td (an ) Tj ET Q q 0 0 0 rg BT 515.37 334.25 Td (enterprise-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (wide ) Tj ET Q q 0 0 0 rg BT 73.20 322.25 Td (r) Tj ET Q q 0 0 0 rg BT 77.46 322.25 Td (esour) Tj ET Q q 0 0 0 rg BT 100.61 322.25 Td (ce ) Tj ET Q q 0 0 0 rg BT 112.69 322.25 Td (planning ) Tj ET Q q 0 0 0 rg BT 153.69 322.25 Td (system, ) Tj ET Q q 0 0 0 rg BT 188.28 322.25 Td (security ) Tj ET Q q 0 0 0 rg BT 225.36 322.25 Td (br) Tj ET Q q 0 0 0 rg BT 235.18 322.25 Td (eaches ) Tj ET Q q 0 0 0 rg BT 266.15 322.25 Td (or) Tj ET Q q 0 0 0 rg BT 275.40 322.25 Td ( ) Tj ET Q q 0 0 0 rg BT 278.61 322.25 Td (other) Tj ET Q q 0 0 0 rg BT 301.19 322.25 Td ( ) Tj ET Q q 0 0 0 rg BT 304.40 322.25 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 355.95 322.25 Td (to ) Tj ET Q q 0 0 0 rg BT 367.49 322.25 Td (our) Tj ET Q q 0 0 0 rg BT 382.30 322.25 Td ( ) Tj ET Q q 0 0 0 rg BT 385.51 322.25 Td (information ) Tj ET Q q 0 0 0 rg BT 439.82 322.25 Td (technology ) Tj ET Q q 0 0 0 rg BT 489.13 322.25 Td (systems ) Tj ET Q q 0 0 0 rg BT 525.10 322.25 Td (or) Tj ET Q q 0 0 0 rg BT 534.36 322.25 Td ( ) Tj ET Q q 0 0 0 rg BT 537.56 322.25 Td (assets ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (could ) Tj ET Q q 0 0 0 rg BT 76.55 310.25 Td (interfer) Tj ET Q q 0 0 0 rg BT 109.13 310.25 Td (e ) Tj ET Q q 0 0 0 rg BT 116.78 310.25 Td (with ) Tj ET Q q 0 0 0 rg BT 138.88 310.25 Td (our) Tj ET Q q 0 0 0 rg BT 153.70 310.25 Td ( ) Tj ET Q q 0 0 0 rg BT 156.91 310.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 207.62 310.25 Td (compr) Tj ET Q q 0 0 0 rg BT 235.21 310.25 Td (omise ) Tj ET Q q 0 0 0 rg BT 262.86 310.25 Td (security ) Tj ET Q q 0 0 0 rg BT 299.95 310.25 Td (of ) Tj ET Q q 0 0 0 rg BT 311.49 310.25 Td (our) Tj ET Q q 0 0 0 rg BT 326.31 310.25 Td ( ) Tj ET Q q 0 0 0 rg BT 329.52 310.25 Td (customers) Tj ET Q q 0 0 0 rg BT 375.43 310.25 Td ( ) Tj ET Q q 0 0 0 rg BT 378.64 310.25 Td (or) Tj ET Q q 0 0 0 rg BT 387.90 310.25 Td ( ) Tj ET Q q 0 0 0 rg BT 391.11 310.25 Td (suppliers) Tj ET Q q 0 0 0 rg BT 432.60 310.25 Td ( ) Tj ET Q q 0 0 0 rg BT 435.81 310.25 Td (information ) Tj ET Q q 0 0 0 rg BT 490.13 310.25 Td (and ) Tj ET Q q 0 0 0 rg BT 509.47 310.25 Td (expose ) Tj ET Q q 0 0 0 rg BT 541.01 310.25 Td (us ) Tj ET Q q 0 0 0 rg BT 553.68 310.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 85.28 298.25 Td (which ) Tj ET Q q 0 0 0 rg BT 113.34 298.25 Td (could ) Tj ET Q q 0 0 0 rg BT 139.18 298.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 182.23 298.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 214.17 298.25 Td (our) Tj ET Q q 0 0 0 rg BT 228.99 298.25 Td ( ) Tj ET Q q 0 0 0 rg BT 231.49 298.25 Td (business ) Tj ET Q q 0 0 0 rg BT 269.57 298.25 Td (and ) Tj ET Q q 0 0 0 rg BT 288.19 298.25 Td (r) Tj ET Q q 0 0 0 rg BT 292.45 298.25 Td (eputation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 274.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 103.48 274.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 147.07 274.25 Td (rely ) Tj ET Q q 0 0 0 rg BT 164.54 274.25 Td (on ) Tj ET Q q 0 0 0 rg BT 176.47 274.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 205.61 274.25 Td (key ) Tj ET Q q 0 0 0 rg BT 221.98 274.25 Td (information ) Tj ET Q q 0 0 0 rg BT 271.12 274.25 Td (technology ) Tj ET Q q 0 0 0 rg BT 317.48 274.25 Td (\(IT\) ) Tj ET Q q 0 0 0 rg BT 344.39 274.25 Td (systems, ) Tj ET Q q 0 0 0 rg BT 380.49 274.25 Td (some ) Tj ET Q q 0 0 0 rg BT 403.53 274.25 Td (of ) Tj ET Q q 0 0 0 rg BT 413.79 274.25 Td (which ) Tj ET Q q 0 0 0 rg BT 440.15 274.25 Td (are ) Tj ET Q q 0 0 0 rg BT 454.29 274.25 Td (dependent ) Tj ET Q q 0 0 0 rg BT 497.32 274.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 519.25 274.25 Td (third-party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 87.62 262.25 Td (to ) Tj ET Q q 0 0 0 rg BT 98.32 262.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 131.78 262.25 Td (critical ) Tj ET Q q 0 0 0 rg BT 162.45 262.25 Td (connections ) Tj ET Q q 0 0 0 rg BT 213.13 262.25 Td (of ) Tj ET Q q 0 0 0 rg BT 224.38 262.25 Td (data, ) Tj ET Q q 0 0 0 rg BT 246.45 262.25 Td (information ) Tj ET Q q 0 0 0 rg BT 296.57 262.25 Td (and ) Tj ET Q q 0 0 0 rg BT 313.93 262.25 Td (services ) Tj ET Q q 0 0 0 rg BT 349.05 262.25 Td (for ) Tj ET Q q 0 0 0 rg BT 363.62 262.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 397.08 262.25 Td (and ) Tj ET Q q 0 0 0 rg BT 414.43 262.25 Td (external ) Tj ET Q q 0 0 0 rg BT 449.55 262.25 Td (users. ) Tj ET Q q 0 0 0 rg BT 475.52 262.25 Td (Over ) Tj ET Q q 0 0 0 rg BT 498.42 262.25 Td (the ) Tj ET Q q 0 0 0 rg BT 513.55 262.25 Td (next ) Tj ET Q q 0 0 0 rg BT 533.69 262.25 Td (several ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (years, ) Tj ET Q q 0 0 0 rg BT 76.34 250.25 Td (we ) Tj ET Q q 0 0 0 rg BT 90.75 250.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 119.58 250.25 Td (to ) Tj ET Q q 0 0 0 rg BT 130.10 250.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 167.28 250.25 Td (implementing ) Tj ET Q q 0 0 0 rg BT 225.57 250.25 Td (a ) Tj ET Q q 0 0 0 rg BT 232.75 250.25 Td (new ) Tj ET Q q 0 0 0 rg BT 252.16 250.25 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 294.32 250.25 Td (resource ) Tj ET Q q 0 0 0 rg BT 330.93 250.25 Td (planning ) Tj ET Q q 0 0 0 rg BT 368.67 250.25 Td (system ) Tj ET Q q 0 0 0 rg BT 399.19 250.25 Td (\(ERP\), ) Tj ET Q q 0 0 0 rg BT 438.31 250.25 Td (which ) Tj ET Q q 0 0 0 rg BT 465.49 250.25 Td (has ) Tj ET Q q 0 0 0 rg BT 481.57 250.25 Td (and ) Tj ET Q q 0 0 0 rg BT 498.75 250.25 Td (will ) Tj ET Q q 0 0 0 rg BT 517.05 250.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 554.23 250.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (require ) Tj ET Q q 0 0 0 rg BT 81.27 238.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 126.43 238.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 156.04 238.25 Td (and ) Tj ET Q q 0 0 0 rg BT 173.43 238.25 Td (human ) Tj ET Q q 0 0 0 rg BT 203.60 238.25 Td (resources ) Tj ET Q q 0 0 0 rg BT 244.31 238.25 Td (to ) Tj ET Q q 0 0 0 rg BT 255.04 238.25 Td (deploy) Tj ET Q q 0 0 0 rg BT 281.61 238.25 Td (. ) Tj ET Q q 0 0 0 rg BT 286.85 238.25 Td (There ) Tj ET Q q 0 0 0 rg BT 313.12 238.25 Td (can ) Tj ET Q q 0 0 0 rg BT 329.95 238.25 Td (be ) Tj ET Q q 0 0 0 rg BT 342.34 238.25 Td (no ) Tj ET Q q 0 0 0 rg BT 355.29 238.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 397.11 238.25 Td (that ) Tj ET Q q 0 0 0 rg BT 415.06 238.25 Td (the ) Tj ET Q q 0 0 0 rg BT 430.23 238.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 457.06 238.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 480.01 238.25 Td (for ) Tj ET Q q 0 0 0 rg BT 494.62 238.25 Td (the ) Tj ET Q q 0 0 0 rg BT 509.79 238.25 Td (ERP) Tj ET Q q 0 0 0 rg BT 527.76 238.25 Td ( ) Tj ET Q q 0 0 0 rg BT 530.71 238.25 Td (will ) Tj ET Q q 0 0 0 rg BT 549.22 238.25 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (exceed ) Tj ET Q q 0 0 0 rg BT 80.69 226.25 Td (our ) Tj ET Q q 0 0 0 rg BT 96.95 226.25 Td (current ) Tj ET Q q 0 0 0 rg BT 128.20 226.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 168.34 226.25 Td (or ) Tj ET Q q 0 0 0 rg BT 179.60 226.25 Td (that ) Tj ET Q q 0 0 0 rg BT 197.53 226.25 Td (the ) Tj ET Q q 0 0 0 rg BT 212.68 226.25 Td (ERP) Tj ET Q q 0 0 0 rg BT 230.65 226.25 Td ( ) Tj ET Q q 0 0 0 rg BT 233.58 226.25 Td (will ) Tj ET Q q 0 0 0 rg BT 252.07 226.25 Td (not ) Tj ET Q q 0 0 0 rg BT 267.78 226.25 Td (take ) Tj ET Q q 0 0 0 rg BT 287.37 226.25 Td (longer ) Tj ET Q q 0 0 0 rg BT 315.84 226.25 Td (to ) Tj ET Q q 0 0 0 rg BT 326.56 226.25 Td (implement ) Tj ET Q q 0 0 0 rg BT 372.26 226.25 Td (than ) Tj ET Q q 0 0 0 rg BT 392.40 226.25 Td (we ) Tj ET Q q 0 0 0 rg BT 407.00 226.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 446.02 226.25 Td (expect. ) Tj ET Q q 0 0 0 rg BT 477.55 226.25 Td (In ) Tj ET Q q 0 0 0 rg BT 488.81 226.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 527.02 226.25 Td (potential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (flaws ) Tj ET Q q 0 0 0 rg BT 73.65 214.25 Td (in ) Tj ET Q q 0 0 0 rg BT 83.43 214.25 Td (implementing ) Tj ET Q q 0 0 0 rg BT 140.97 214.25 Td (the ) Tj ET Q q 0 0 0 rg BT 155.18 214.25 Td (ERP) Tj ET Q q 0 0 0 rg BT 173.15 214.25 Td ( ) Tj ET Q q 0 0 0 rg BT 175.14 214.25 Td (may ) Tj ET Q q 0 0 0 rg BT 194.36 214.25 Td (pose ) Tj ET Q q 0 0 0 rg BT 214.68 214.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 235.57 214.25 Td (to ) Tj ET Q q 0 0 0 rg BT 245.34 214.25 Td (our ) Tj ET Q q 0 0 0 rg BT 260.66 214.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 288.21 214.25 Td (to ) Tj ET Q q 0 0 0 rg BT 297.98 214.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 329.40 214.25 Td (successfully ) Tj ET Q q 0 0 0 rg BT 380.27 214.25 Td (and ) Tj ET Q q 0 0 0 rg BT 396.71 214.25 Td (ef) Tj ET Q q 0 0 0 rg BT 404.29 214.25 Td (ficiently) Tj ET Q q 0 0 0 rg BT 436.97 214.25 Td (. ) Tj ET Q q 0 0 0 rg BT 441.32 214.25 Td (There ) Tj ET Q q 0 0 0 rg BT 466.63 214.25 Td (may ) Tj ET Q q 0 0 0 rg BT 485.84 214.25 Td (be ) Tj ET Q q 0 0 0 rg BT 497.27 214.25 Td (other ) Tj ET Q q 0 0 0 rg BT 519.81 214.25 Td (challenges ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.78 202.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 88.02 202.25 Td (to ) Tj ET Q q 0 0 0 rg BT 98.15 202.25 Td (our ) Tj ET Q q 0 0 0 rg BT 113.82 202.25 Td (IT) Tj ET Q q 0 0 0 rg BT 123.08 202.25 Td ( ) Tj ET Q q 0 0 0 rg BT 125.43 202.25 Td (systems ) Tj ET Q q 0 0 0 rg BT 159.44 202.25 Td (over ) Tj ET Q q 0 0 0 rg BT 179.56 202.25 Td (time ) Tj ET Q q 0 0 0 rg BT 199.68 202.25 Td (due ) Tj ET Q q 0 0 0 rg BT 216.46 202.25 Td (to ) Tj ET Q q 0 0 0 rg BT 226.59 202.25 Td (any ) Tj ET Q q 0 0 0 rg BT 243.37 202.25 Td (number ) Tj ET Q q 0 0 0 rg BT 276.26 202.25 Td (of ) Tj ET Q q 0 0 0 rg BT 286.94 202.25 Td (causes, ) Tj ET Q q 0 0 0 rg BT 317.89 202.25 Td (such ) Tj ET Q q 0 0 0 rg BT 338.56 202.25 Td (as ) Tj ET Q q 0 0 0 rg BT 349.24 202.25 Td (catastrophic ) Tj ET Q q 0 0 0 rg BT 399.90 202.25 Td (events, ) Tj ET Q q 0 0 0 rg BT 430.29 202.25 Td (power ) Tj ET Q q 0 0 0 rg BT 457.62 202.25 Td (outages, ) Tj ET Q q 0 0 0 rg BT 493.02 202.25 Td (security ) Tj ET Q q 0 0 0 rg BT 527.02 202.25 Td (breaches ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (or ) Tj ET Q q 0 0 0 rg BT 60.25 190.25 Td (cyber) Tj ET Q q 0 0 0 rg BT 82.26 190.25 Td (-based ) Tj ET Q q 0 0 0 rg BT 110.28 190.25 Td (attacks, ) Tj ET Q q 0 0 0 rg BT 142.46 190.25 Td (and ) Tj ET Q q 0 0 0 rg BT 158.82 190.25 Td (as ) Tj ET Q q 0 0 0 rg BT 169.07 190.25 Td (we ) Tj ET Q q 0 0 0 rg BT 182.66 190.25 Td (upgrade ) Tj ET Q q 0 0 0 rg BT 216.78 190.25 Td (and ) Tj ET Q q 0 0 0 rg BT 233.14 190.25 Td (standardize ) Tj ET Q q 0 0 0 rg BT 280.60 190.25 Td (our ) Tj ET Q q 0 0 0 rg BT 295.85 190.25 Td (ERP) Tj ET Q q 0 0 0 rg BT 313.82 190.25 Td ( ) Tj ET Q q 0 0 0 rg BT 315.74 190.25 Td (system ) Tj ET Q q 0 0 0 rg BT 345.44 190.25 Td (on ) Tj ET Q q 0 0 0 rg BT 357.36 190.25 Td (a ) Tj ET Q q 0 0 0 rg BT 363.72 190.25 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 408.41 190.25 Td (basis. ) Tj ET Q q 0 0 0 rg BT 432.69 190.25 Td (These ) Tj ET Q q 0 0 0 rg BT 458.49 190.25 Td (challenges ) Tj ET Q q 0 0 0 rg BT 502.62 190.25 Td (and ) Tj ET Q q 0 0 0 rg BT 518.98 190.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 539.79 190.25 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (result ) Tj ET Q q 0 0 0 rg BT 75.71 178.25 Td (in ) Tj ET Q q 0 0 0 rg BT 86.97 178.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 109.90 178.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 139.49 178.25 Td (or ) Tj ET Q q 0 0 0 rg BT 151.31 178.25 Td (proceedings, ) Tj ET Q q 0 0 0 rg BT 205.61 178.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 240.21 178.25 Td (or ) Tj ET Q q 0 0 0 rg BT 252.03 178.25 Td (penalties, ) Tj ET Q q 0 0 0 rg BT 293.56 178.25 Td (disruption ) Tj ET Q q 0 0 0 rg BT 337.60 178.25 Td (in ) Tj ET Q q 0 0 0 rg BT 348.87 178.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 396.51 178.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 415.56 178.25 Td (of ) Tj ET Q q 0 0 0 rg BT 427.38 178.25 Td (valuable ) Tj ET Q q 0 0 0 rg BT 464.74 178.25 Td (data ) Tj ET Q q 0 0 0 rg BT 484.89 178.25 Td (and ) Tj ET Q q 0 0 0 rg BT 502.81 178.25 Td (damage ) Tj ET Q q 0 0 0 rg BT 537.40 178.25 Td (to ) Tj ET Q q 0 0 0 rg BT 548.66 178.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (reputation, ) Tj ET Q q 0 0 0 rg BT 95.54 166.25 Td (all ) Tj ET Q q 0 0 0 rg BT 108.04 166.25 Td (of ) Tj ET Q q 0 0 0 rg BT 118.87 166.25 Td (which ) Tj ET Q q 0 0 0 rg BT 145.81 166.25 Td (could ) Tj ET Q q 0 0 0 rg BT 170.52 166.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 211.34 166.25 Td (af) Tj ET Q q 0 0 0 rg BT 218.93 166.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 236.41 166.25 Td (our ) Tj ET Q q 0 0 0 rg BT 252.24 166.25 Td (business.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (ITEM 1B. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 122.00 142.25 Td (UNRESOL) Tj ET Q q 0 0 0 rg BT 168.30 142.25 Td (VED ST) Tj ET Q q 0 0 0 rg BT 202.48 142.25 Td (AFF) Tj ET Q q 0 0 0 rg BT 222.31 142.25 Td ( COMMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 118.25 Td (As of the date hereof, there were no unresolved comments from the Securities and Exchange Commission staf) Tj ET Q q 0 0 0 rg BT 526.52 118.25 Td (f ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (regarding our periodic or current reports.) Tj ET Q endstream endobj 41 0 obj <>] /Rotate 0 /Contents 42 0 R>> endobj 42 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (17) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td ( ITEM 2. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 122.00 742.25 Td (PROPERTIES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 718.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 718.25 Td (e own or lease ener) Tj ET Q q 0 0 0 rg BT 171.64 718.25 Td (gy) Tj ET Q q 0 0 0 rg BT 180.99 718.25 Td (, agronomy) Tj ET Q q 0 0 0 rg BT 225.89 718.25 Td (, grain handling and processing facilities and other real estate throughout the United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (States and internationally) Tj ET Q q 0 0 0 rg BT 150.99 706.25 Td (. Below is a summary of these locations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (Energy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 658.25 Td (Facilities in our Ener) Tj ET Q q 0 0 0 rg BT 169.96 658.25 Td (gy segment include the following, all of which are owned except where indicated as leased:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 638.32 Td (Refineries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.00 638.32 Td (Laurel, Montana and McPherson, Kansas) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 623.32 Td (Propane terminals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.00 623.32 Td (Biddeford, Maine; Glenwood, Minnesota; Rockville,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.00 613.32 Td (Minnesota; Hannaford, North Dakota; Ross, North Dakota;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.00 603.32 Td (Black Creek, Wisconsin; Hixton, Wisconsin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 587.32 Td (Transportation terminals/repair facilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.00 587.32 Td (12 locations in Iowa, Kansas, Minnesota, Montana, North) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.00 577.32 Td (Dakota, South Dakota, Washington and Wisconsin, two of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.00 567.32 Td (which are leased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 552.32 Td (Petroleum and asphalt terminals/storage facilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.00 552.32 Td (11 locations in Montana, North Dakota and Wisconsin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 537.32 Td (Pipelines:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.00 537.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.50 522.32 Td (Cenex Pipeline, LLC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.00 522.32 Td (Laurel, Montana to Fargo, North Dakota) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.50 507.32 Td (Front Range Pipeline, LLC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.00 507.32 Td (Canadian border to Laurel, Montana) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.50 492.32 Td (Jayhawk Pipeline, LLC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.00 492.32 Td (Throughout Kansas, with branches in Nebraska, Oklahoma) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.00 482.32 Td (and Texas) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.50 467.32 Td (Council Bluffs Pipeline) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.00 467.32 Td (McPherson, Kansas to Council Bluffs, Iowa) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.50 452.32 Td (Conway Pipeline) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.00 452.32 Td (McPherson, Kansas to Conway, Kansas) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.50 427.32 Td (Osage Pipe Line Company, LLC \(50% owned by CHS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 417.32 Td (McPherson\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.00 427.32 Td (Oklahoma to Kansas) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.50 402.32 Td (Kaw Pipe Line Company \(67% owned by CHS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 392.32 Td (McPherson\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.00 402.32 Td (Locations throughout Kansas) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 377.32 Td (Convenience stores/gas stations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.00 377.32 Td (69 locations in Idaho, Minnesota, Montana, North Dakota,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.00 367.32 Td (South Dakota, Washington and Wyoming, 19 of which are) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.00 357.32 Td (leased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 342.32 Td (Lubricant plants/warehouses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.00 342.32 Td (Three locations in Minnesota, Ohio and Texas, one of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.00 332.32 Td (which is leased) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 303.25 Td (Ag) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 279.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 279.25 Td (W) Tj ET Q q 0 0 0 rg BT 95.04 279.25 Td (ithin our ) Tj ET Q q 0 0 0 rg BT 131.15 279.25 Td (Ag segment, we own or lease the following facilities:) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 255.25 Td (Grain Marketing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 231.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 231.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 231.25 Td (e own 17 grain terminals, which are used in our grain marketing operations, in: Pekin, Illinois; Davenport, Iowa; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 219.25 Td (Myrtle Grove, Louisiana; Savage and ) Tj ET Q q 0 0 0 rg BT 202.55 219.25 Td (W) Tj ET Q q 0 0 0 rg BT 211.59 219.25 Td (inona, Minnesota; Collins, Mississippi; Friona, ) Tj ET Q q 0 0 0 rg BT 401.98 219.25 Td (T) Tj ET Q q 0 0 0 rg BT 407.39 219.25 Td (exas; Superior) Tj ET Q q 0 0 0 rg BT 464.47 219.25 Td (, ) Tj ET Q q 0 0 0 rg BT 469.29 219.25 Td (W) Tj ET Q q 0 0 0 rg BT 478.33 219.25 Td (isconsin; ) Tj ET Q q 0 0 0 rg BT 515.83 219.25 Td (Ar) Tj ET Q q 0 0 0 rg BT 526.21 219.25 Td (gentina; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 207.25 Td (Brazil; Hungary; and Romania. ) Tj ET Q q 0 0 0 rg BT 177.84 207.25 Td (W) Tj ET Q q 0 0 0 rg BT 186.48 207.25 Td (e also own one fertilizer terminal in ) Tj ET Q q 0 0 0 rg BT 331.15 207.25 Td (Ar) Tj ET Q q 0 0 0 rg BT 341.52 207.25 Td (gentina. In addition to of) Tj ET Q q 0 0 0 rg BT 440.49 207.25 Td (fice space at our corporate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 195.25 Td (headquarters, we have 31 grain marketing of) Tj ET Q q 0 0 0 rg BT 228.36 195.25 Td (fices in: Davenport, Iowa; ) Tj ET Q q 0 0 0 rg BT 335.09 195.25 Td (W) Tj ET Q q 0 0 0 rg BT 344.13 195.25 Td (inona, Minnesota; Lincoln, Nebraska; ) Tj ET Q q 0 0 0 rg BT 497.43 195.25 Td (Ar) Tj ET Q q 0 0 0 rg BT 507.80 195.25 Td (gentina; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 183.25 Td (Brazil; Bulgaria; Canada; China; Hungary; Jordan; Paraguay; Romania; Russia; Serbia; Singapore; South Korea; Spain; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 171.25 Td (Switzerland; ) Tj ET Q q 0 0 0 rg BT 102.86 171.25 Td (T) Tj ET Q q 0 0 0 rg BT 108.27 171.25 Td (aiwan; Ukraine; and Uruguay) Tj ET Q q 0 0 0 rg BT 226.19 171.25 Td (. ) Tj ET Q q 0 0 0 rg BT 231.01 171.25 Td (W) Tj ET Q q 0 0 0 rg BT 239.65 171.25 Td (e lease all of these grain marketing of) Tj ET Q q 0 0 0 rg BT 389.68 171.25 Td (fices, other than the grain marketing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 159.25 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 159.25 Td (fices in Davenport, Iowa and ) Tj ET Q q 0 0 0 rg BT 176.26 159.25 Td (W) Tj ET Q q 0 0 0 rg BT 185.30 159.25 Td (inona, Minnesota, which we own.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 135.25 Td (Country Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 111.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 111.25 Td (In our country operations business, we own agri-operations facilities in 482 communities \(of which some of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 99.25 Td (facilities are on leased land\), four sunflower plants and eight feed manufacturing facilities. ) Tj ET Q q 0 0 0 rg BT 414.40 99.25 Td (These operations are located in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 87.25 Td (Colorado, Idaho, Illinois, Iowa, Kansas, Michigan, Minnesota, Montana, Nebraska, North Dakota, Oklahoma, Oregon, South ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 75.25 Td (Dakota, ) Tj ET Q q 0 0 0 rg BT 83.70 75.25 Td (T) Tj ET Q q 0 0 0 rg BT 89.11 75.25 Td (exas, ) Tj ET Q q 0 0 0 rg BT 111.69 75.25 Td (W) Tj ET Q q 0 0 0 rg BT 120.33 75.25 Td (ashington, ) Tj ET Q q 0 0 0 rg BT 164.04 75.25 Td (W) Tj ET Q q 0 0 0 rg BT 173.08 75.25 Td (isconsin and Canada.) Tj ET Q endstream endobj 43 0 obj <>] /Rotate 0 /Contents 44 0 R>> endobj 44 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (18) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 742.25 Td (Crop Nutrients) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 718.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 718.25 Td (e own one deep water port in Galveston, ) Tj ET Q q 0 0 0 rg BT 258.57 718.25 Td (T) Tj ET Q q 0 0 0 rg BT 263.98 718.25 Td (exas and 21 terminals in: Little Rock, ) Tj ET Q q 0 0 0 rg BT 416.18 718.25 Td (Arkansas; Post Falls, Idaho; Peru, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (Illinois; Muscatine, Iowa; Melbourne and Owensboro, Kentucky; ) Tj ET Q q 0 0 0 rg BT 313.56 706.25 Td (Alexandria, Lake Providence, Lettsworth, Mermentau, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 694.25 Td (allulah and ) Tj ET Q q 0 0 0 rg BT 101.88 694.25 Td (V) Tj ET Q q 0 0 0 rg BT 108.50 694.25 Td (idalia, Louisiana; St. Paul and ) Tj ET Q q 0 0 0 rg BT 230.80 694.25 Td (W) Tj ET Q q 0 0 0 rg BT 239.84 694.25 Td (inona \(two terminals\), Minnesota; Greenville, Mississippi; Grand Forks, North ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (Dakota; ) Tj ET Q q 0 0 0 rg BT 83.97 682.25 Td (W) Tj ET Q q 0 0 0 rg BT 92.61 682.25 Td (atertown, South Dakota; Memphis, ) Tj ET Q q 0 0 0 rg BT 235.19 682.25 Td (T) Tj ET Q q 0 0 0 rg BT 240.60 682.25 Td (ennessee; and Friona and ) Tj ET Q q 0 0 0 rg BT 343.72 682.25 Td (T) Tj ET Q q 0 0 0 rg BT 349.13 682.25 Td (exarkana, ) Tj ET Q q 0 0 0 rg BT 390.03 682.25 Td (T) Tj ET Q q 0 0 0 rg BT 395.44 682.25 Td (exas. ) Tj ET Q q 0 0 0 rg BT 418.03 682.25 Td (The facilities located in Little ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (Rock, ) Tj ET Q q 0 0 0 rg BT 75.56 670.25 Td (Arkansas, Owensboro, Kentucky and Galveston, ) Tj ET Q q 0 0 0 rg BT 272.55 670.25 Td (T) Tj ET Q q 0 0 0 rg BT 277.96 670.25 Td (exas are on leased land.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 646.25 Td (Processing and Food Ingredients) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 622.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 622.25 Td (e own oilseed processing facilities and/or textured soy protein production facilities in: Creston, Iowa; Hutchinson, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (Kansas; Hallock, Fairmont and Mankato, Minnesota; and South Sioux City) Tj ET Q q 0 0 0 rg BT 350.16 610.25 Td (, Nebraska. In addition, we own a grain storage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (facility in Joliette, North Dakota.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 574.25 Td (Renewable Fuels) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 550.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 550.25 Td (e own ethanol plants located in Rochelle and ) Tj ET Q q 0 0 0 rg BT 275.70 550.25 Td (Annawan, Illinois.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (Corporate and Other) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 502.25 Td (Business Solutions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 477.05 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 86.00 477.05 Td (I) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.66 477.05 Td (n addition to of) Tj ET Q q 0 0 0 rg BT 150.86 477.05 Td (fice space at our corporate headquarters, we lease five of) Tj ET Q q 0 0 0 rg BT 377.78 477.05 Td (fices in: Brownsbur) Tj ET Q q 0 0 0 rg BT 456.48 477.05 Td (g and Indianapolis, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 465.05 Td (Indiana; Kansas City) Tj ET Q q 0 0 0 rg BT 133.22 465.05 Td (, Missouri; Huron, South Dakota; and ) Tj ET Q q 0 0 0 rg BT 286.37 465.05 Td (The ) Tj ET Q q 0 0 0 rg BT 304.23 465.05 Td (W) Tj ET Q q 0 0 0 rg BT 312.87 465.05 Td (oodlands, ) Tj ET Q q 0 0 0 rg BT 353.80 465.05 Td (T) Tj ET Q q 0 0 0 rg BT 359.21 465.05 Td (exas. ) Tj ET Q q 0 0 0 rg BT 381.80 465.05 Td (W) Tj ET Q q 0 0 0 rg BT 390.43 465.05 Td (e own approximately 14,000 acres of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 453.05 Td (agricultural land and related improvements in central Michigan.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 429.05 Td (Corporate Headquarters ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 405.05 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 405.05 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 405.05 Td (e are headquartered in Inver Grove Heights, Minnesota. ) Tj ET Q q 0 0 0 rg BT 319.93 405.05 Td (W) Tj ET Q q 0 0 0 rg BT 328.56 405.05 Td (e own a 33-acre campus consisting of one main building ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 393.05 Td (with approximately 320,000square feet of of) Tj ET Q q 0 0 0 rg BT 230.60 393.05 Td (fice space and two smaller buildings with approximately 13,400 and 9,000square ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 381.05 Td (feet of space. ) Tj ET Q q 0 0 0 rg BT 105.34 381.05 Td (W) Tj ET Q q 0 0 0 rg BT 113.98 381.05 Td (e also have of) Tj ET Q q 0 0 0 rg BT 169.05 381.05 Td (fices in Eagan, Minnesota and ) Tj ET Q q 0 0 0 rg BT 292.17 381.05 Td (W) Tj ET Q q 0 0 0 rg BT 300.81 381.05 Td (ashington,D.C., which are leased.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 357.05 Td (ITEM 3. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 122.00 357.05 Td (LEGAL) Tj ET Q q 0 0 0 rg BT 154.41 357.05 Td ( PROCEEDINGS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 333.05 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 333.05 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 333.05 Td (e are involved as a defendant in various lawsuits, claims and disputes, which are in the normal course of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 321.05 Td (business. ) Tj ET Q q 0 0 0 rg BT 88.71 321.05 Td (The resolution of any such matters may af) Tj ET Q q 0 0 0 rg BT 257.09 321.05 Td (fect consolidated net income for any fiscal period; however) Tj ET Q q 0 0 0 rg BT 494.38 321.05 Td (, our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 309.05 Td (management believes any resulting liabilities, individually or in the aggregate, will not have a material ef) Tj ET Q q 0 0 0 rg BT 470.52 309.05 Td (fect on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 297.05 Td (consolidated financial position, results of operations or cash flows during any fiscal year) Tj ET Q q 0 0 0 rg BT 403.52 297.05 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 273.05 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.00 273.05 Td (Laurel) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 246.65 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 246.65 Td (On May 17, 2016, and October 12, 2016, the Montana Department of Environmental Quality \(MDEQ\) issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 234.65 Td (violation letters to us, alleging that certain specified air emissions at our Laurel, Montana refinery exceeded amounts allowable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 222.65 Td (under the refinery) Tj ET Q q 0 0 0 rg BT 124.41 222.65 Td (s permits and applicable law) Tj ET Q q 0 0 0 rg BT 237.61 222.65 Td (. On June 1, 2016, and November 3, 2016, we responded to MDEQand ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 210.65 Td (described the actions that we had taken in connection with those allegations. On ) Tj ET Q q 0 0 0 rg BT 372.13 210.65 Td (August 30, 2017, MDEQ sent us a letter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 198.65 Td (requesting that we execute an administrative order on consent, and pay an administrative penalty of $184,550. On September ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 186.65 Td (27, 2017, we sent MDEQ a letter providing additional information and requesting that MDEQ reconsider the alleged violations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 174.65 Td (and reduce the proposed penalty with respect to four of the alleged violations described in the violation letters. ) Tj ET Q q 0 0 0 rg BT 494.40 174.65 Td (W) Tj ET Q q 0 0 0 rg BT 503.04 174.65 Td (e also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 162.65 Td (requested changes to the administrative order on consent to remove references to the ) Tj ET Q q 0 0 0 rg BT 390.15 162.65 Td (Administrative Rules of the State of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 150.65 Td (Montana. ) Tj ET Q q 0 0 0 rg BT 90.37 150.65 Td (W) Tj ET Q q 0 0 0 rg BT 99.00 150.65 Td (e are currently awaiting MDEQ) Tj ET Q q 0 0 0 rg BT 228.40 150.65 Td (s response to the September 2017 letter) Tj ET Q q 0 0 0 rg BT 385.03 150.65 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 126.65 Td (ITEM 4. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 122.00 126.65 Td (MINE SAFETY) Tj ET Q q 0 0 0 rg BT 188.59 126.65 Td ( DISCLOSURES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 102.65 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 102.65 Td (Not applicable.) Tj ET Q endstream endobj 45 0 obj <>] /Rotate 0 /Contents 46 0 R>> endobj 46 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (19) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.60 742.25 Td (P) Tj ET Q q 0 0 0 rg BT 291.97 742.25 Td (AR) Tj ET Q q 0 0 0 rg BT 306.06 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 312.55 742.25 Td ( II.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (ITEM 5. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 122.00 718.25 Td (MARKET FOR REGISTRANTS COMMON EQUITY) Tj ET Q q 0 0 0 rg BT 348.35 718.25 Td (, RELA) Tj ET Q q 0 0 0 rg BT 378.91 718.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 412.90 718.25 Td (OCKHOLDER MA) Tj ET Q q 0 0 0 rg BT 492.64 718.25 Td (TTERS ) Tj ET Q q 0 0 0 rg BT 525.89 718.25 Td (AND ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (ISSUER PURCHASES OF) Tj ET Q q 0 0 0 rg BT 163.20 706.25 Td ( EQUITY) Tj ET Q q 0 0 0 rg BT 202.55 706.25 Td ( SECURITIES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 682.25 Td (As a cooperative, we do not have any common stock that is traded or otherwise. ) Tj ET Q q 0 0 0 rg BT 408.23 682.25 Td (W) Tj ET Q q 0 0 0 rg BT 416.86 682.25 Td (e have not sold any equity securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (during the three years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.23 670.25 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.63 670.25 Td (, that were not registered under the Securities ) Tj ET Q q 0 0 0 rg BT 414.62 670.25 Td (Act of 1933.) Tj ET Q endstream endobj 47 0 obj <>] /Rotate 0 /Contents 48 0 R>> endobj 48 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (ITEM 6. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 122.00 742.25 Td (SELECTED FINANCIAL) Tj ET Q q 0 0 0 rg BT 230.82 742.25 Td ( DA) Tj ET Q q 0 0 0 rg BT 246.66 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 252.22 742.25 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 718.25 Td (The following table sets forth our selected historical consolidated financial information for each of the five periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (indicated. ) Tj ET Q q 0 0 0 rg BT 91.47 706.25 Td (This information should be read in conjunction with Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 425.72 706.25 Td (Analysis of Financial Condition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (and Results of Operations in Item 7 of this ) Tj ET Q q 0 0 0 rg BT 221.92 694.25 Td (Annual Report on Form 10-K and with our consolidated financial statements and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (notes thereto included elsewhere in this ) Tj ET Q q 0 0 0 rg BT 209.96 682.25 Td (Annual Report on Form 10-K.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 658.25 Td (Our consolidated financial statements are prepared in accordance with U.S. GAAP) Tj ET Q q 0 0 0 rg BT 415.89 658.25 Td (. ) Tj ET Q q 0 0 0 rg BT 420.71 658.25 Td (The selected financial information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (as of and for the years ended ) Tj ET Q q 0 0 0 rg BT 166.90 646.25 Td (August31, 2017, 2016, 2015, 2014, and 2013 is derived from our audited consolidated financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (statements and related notes. Certain prior period amounts have been revised as follows:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 614.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 614.25 Td (For periods prior to fiscal 2015, certain amounts have been revised to include activity and amounts related to capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 602.25 Td (leases that were previously incorrectly accounted for as operating leases. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 590.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 590.25 Td (For all prior periods, Long-term debt, including current maturities, has been revised to reflect the adoption of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 578.25 Td (Accounting Standards Updated \("ASU"\) No. 2015-03, Interest-Imputation of Interest \(Subtopic 35-30\): Simplifying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 566.25 Td (the Presentation of Debt Issuance Costs. ) Tj ET Q q 0 0 0 rg BT 251.40 566.25 Td (This ) Tj ET Q q 0 0 0 rg BT 271.13 566.25 Td (ASU requires the presentation of debt issuance costs on the balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 554.25 Td (sheet as a reduction from the carrying amount of the related debt liability instead of a deferred financing cost.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 542.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 542.25 Td (For all prior periods, Marketing, general and administrative amounts have been revised to reflect fiscal 2017 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 530.25 Td (presentation, which breaks out impairment and reserve char) Tj ET Q q 0 0 0 rg BT 326.62 530.25 Td (ges due to the materiality of these char) Tj ET Q q 0 0 0 rg BT 481.10 530.25 Td (ges incurred during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 518.25 Td (fiscal 2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 506.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 506.25 Td (For all prior periods, Other income \(loss\), which includes interest income, has been identified separately from Interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 494.25 Td (expense to conform with fiscal 2017 presentation. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.40 470.25 Td (Selected Consolidated Financial Data) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 416.75 171.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 416.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 416.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 416.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 416.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 416.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 416.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 416.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 416.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 416.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 386.75 171.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 386.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 386.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 386.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 386.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 386.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 386.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 386.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 386.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 386.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 356.75 171.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 356.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 356.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 356.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 356.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 356.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 356.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 356.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 356.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 356.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 326.75 171.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 326.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 326.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 326.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 326.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 326.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 326.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 326.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 326.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 326.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 296.75 171.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 296.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 296.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 296.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 296.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 296.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 296.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 296.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 296.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 296.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 266.75 171.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 266.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 266.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 266.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 266.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 266.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 266.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 266.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 266.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 266.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 236.75 171.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 236.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 236.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 236.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 236.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 236.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 236.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 236.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 236.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 236.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 196.75 171.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 196.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 196.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 196.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 196.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 196.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 196.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 196.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 196.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 196.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 156.75 171.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 156.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 156.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 156.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 156.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 156.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 156.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 156.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 156.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 156.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 126.75 171.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 126.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 126.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 126.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 126.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 126.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 126.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 126.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 126.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 126.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 86.75 171.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 86.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 86.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 86.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 86.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 86.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 86.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 86.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 86.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 86.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 446.75 m 286.5 446.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 446.75 m 355.5 446.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 446.75 m 424.5 446.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 446.75 m 493.5 446.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 446.75 m 562.5 446.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 386.75 m 286.5 386.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 386.75 m 355.5 386.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 386.75 m 424.5 386.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 386.75 m 493.5 386.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 386.75 m 562.5 386.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 341.75 m 286.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 341.75 m 355.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 341.75 m 424.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 341.75 m 493.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 341.75 m 562.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 266.75 m 286.5 266.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 266.75 m 355.5 266.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 266.75 m 424.5 266.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 266.75 m 493.5 266.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 266.75 m 562.5 266.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 236.75 m 286.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 236.75 m 355.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 236.75 m 424.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 236.75 m 493.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 236.75 m 562.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 196.75 m 286.5 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 196.75 m 355.5 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 196.75 m 424.5 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 196.75 m 493.5 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 196.75 m 562.5 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 172.75 m 286.5 172.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 170.75 m 286.5 170.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 172.75 m 355.5 172.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 170.75 m 355.5 170.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 172.75 m 424.5 172.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 170.75 m 424.5 170.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 172.75 m 493.5 172.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 170.75 m 493.5 170.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 172.75 m 562.5 172.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 170.75 m 562.5 170.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 245.50 450.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.50 450.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.50 450.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 450.98 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 450.98 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 436.42 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.70 435.98 Td (\(Dollars in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 421.43 Td (Income Statement Data:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.00 421.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 421.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 421.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 421.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.00 421.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 406.42 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 406.32 Td (..................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.00 406.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.60 406.42 Td (31,934,751) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 406.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.60 406.42 Td (30,347,203) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 406.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.60 406.42 Td (34,582,442) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 406.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 406.42 Td (42,664,033) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 406.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 406.42 Td (44,479,857) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 391.42 Td (Cost of goods sold) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.00 391.32 Td (....................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.60 391.42 Td (30,985,510) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.60 391.42 Td (29,387,910) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.60 391.42 Td (33,091,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 391.42 Td (41,011,487) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 391.42 Td (42,701,073) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 376.42 Td (Gross profit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 376.32 Td (..............................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.15 376.42 Td (949,241) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 376.42 Td (959,293) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 376.42 Td (1,490,766) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 376.42 Td (1,652,546) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 376.42 Td (1,778,784) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 361.42 Td (Marketing, general and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.00 361.32 Td (....) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.15 361.42 Td (604,359) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 361.42 Td (601,261) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 361.42 Td (642,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 361.42 Td (598,965) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 361.42 Td (553,482) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 346.42 Td (Reserve and impairment charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.50 346.32 Td (.............) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.15 346.42 Td (456,679) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 346.42 Td (47,836) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 346.42 Td (133,045) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 346.42 Td (3,633) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 346.42 Td (141) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 331.42 Td (Operating earnings \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.50 331.32 Td (.........................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.80 331.42 Td (\(111,797) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.65 331.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 331.42 Td (310,196) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 331.42 Td (715,412) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 331.42 Td (1,049,948) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 331.42 Td (1,225,161) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 316.42 Td (\(Gain\) loss on investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.50 316.32 Td (.......................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.15 316.42 Td (4,569) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.80 316.47 Td (\(9,252) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 316.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.80 316.47 Td (\(5,239) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 316.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 316.47 Td (\(114,162) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 316.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 316.47 Td (\(182) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 316.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 301.42 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.00 301.32 Td (........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.15 301.42 Td (171,239) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 301.42 Td (113,704) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 301.42 Td (70,659) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 301.42 Td (147,240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 301.42 Td (242,911) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 286.42 Td (Other \(income\) loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.00 286.32 Td (..................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.80 286.42 Td (\(95,415) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.65 286.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.80 286.47 Td (\(38,357) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 286.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 286.47 Td (\(10,326) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 286.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 286.47 Td (\(6,987) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 286.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 286.47 Td (\(6,212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 286.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 271.42 Td (Equity \(income\) loss from investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.50 271.32 Td (...) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.80 271.42 Td (\(137,338) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.65 271.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.80 271.47 Td (\(175,777) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 271.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 271.47 Td (\(107,850) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 271.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 271.47 Td (\(107,446) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 271.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 271.47 Td (\(97,350) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 271.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 256.42 Td (Income \(loss\) before income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.00 256.32 Td (..........) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.80 256.42 Td (\(54,852) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.65 256.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 256.42 Td (419,878) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 256.42 Td (768,168) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 256.42 Td (1,131,303) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 256.42 Td (1,085,994) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 241.42 Td (Income tax expense \(benefit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.50 241.32 Td (...................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.80 241.42 Td (\(182,075) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.65 241.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.80 241.47 Td (\(4,091) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 241.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 241.47 Td (\(12,165) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 241.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 241.42 Td (48,296) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 241.42 Td (89,666) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 226.42 Td (Net income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.50 226.32 Td (.....................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.15 226.42 Td (127,223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 226.42 Td (423,969) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 226.42 Td (780,333) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 226.42 Td (1,083,007) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 226.42 Td (996,328) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 211.42 Td (Net income \(loss\) attributable to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 201.42 Td (noncontrolling interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 201.32 Td (......................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.30 201.42 Td (\(634) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.65 201.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.30 201.47 Td (\(223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 201.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.30 201.47 Td (\(712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 201.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 201.42 Td (1,572) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 201.42 Td (3,942) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 186.42 Td (Net income \(loss\) attributable to CHS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 176.42 Td (Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 176.32 Td (...........................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.00 176.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.15 176.42 Td (127,857) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 176.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 176.42 Td (424,192) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 176.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 176.42 Td (781,045) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 176.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 176.42 Td (1,081,435) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 176.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 176.42 Td (992,386) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 161.43 Td (Balance Sheet Data \(as of August 31\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.00 161.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 161.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 161.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 161.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.00 161.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 146.42 Td (Working capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.00 146.32 Td (........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.00 146.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.15 146.42 Td (181,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 146.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 146.42 Td (414,385) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 146.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 146.42 Td (2,751,949) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 146.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 146.42 Td (3,168,512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 146.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 146.42 Td (3,084,228) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 131.42 Td (Net property, plant and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.50 131.32 Td (...........) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.65 131.42 Td (5,356,434) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 131.42 Td (5,488,323) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 131.42 Td (5,192,927) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 131.42 Td (4,180,148) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 131.42 Td (3,311,088) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 116.42 Td (Total assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.50 116.32 Td (...............................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.60 116.42 Td (15,973,756) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.60 116.42 Td (17,312,135) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.60 116.42 Td (15,226,125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 116.42 Td (15,293,506) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 116.42 Td (13,640,928) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 101.42 Td (Long-term debt, including current) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 91.42 Td (maturities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 91.32 Td (............................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.65 91.42 Td (2,179,793) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 91.42 Td (2,297,205) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 91.42 Td (1,428,930) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 91.42 Td (1,603,027) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 91.42 Td (1,743,690) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 76.42 Td (Total equities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 76.32 Td (............................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.65 76.42 Td (7,905,825) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 76.42 Td (7,866,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 76.42 Td (7,669,411) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 76.42 Td (6,466,844) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 76.42 Td (5,152,747) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 49 0 obj <>] /Rotate 0 /Contents 50 0 R>> endobj 50 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (21) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (ITEM 7. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 122.00 742.25 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 267.78 742.25 Td (AND ) Tj ET Q q 0 0 0 rg BT 291.02 742.25 Td (ANAL) Tj ET Q q 0 0 0 rg BT 317.32 742.25 Td (YSIS OF) Tj ET Q q 0 0 0 rg BT 354.66 742.25 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 411.80 742.25 Td ( CONDITION ) Tj ET Q q 0 0 0 rg BT 473.10 742.25 Td (AND RESUL) Tj ET Q q 0 0 0 rg BT 528.76 742.25 Td (TS OF) Tj ET Q q 0 0 0 rg BT 556.64 742.25 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (OPERA) Tj ET Q q 0 0 0 rg BT 82.79 730.25 Td (TIONS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 706.25 Td (This Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 229.45 706.25 Td (Analysis of Financial Condition and Results of Operations \("MD&A"\) is intended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (to provide a reader of our financial statements with a narrative from the perspective of our management on our financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (condition and results of operations, liquidity and certain other factors that may af) Tj ET Q q 0 0 0 rg BT 373.89 682.25 Td (fect our future results. Our MD&A) Tj ET Q q 0 0 0 rg BT 513.31 682.25 Td ( is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (presented in the following sections:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 646.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 646.25 Td (Overview) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 634.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 634.25 Td (Business Strategy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 622.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 622.25 Td (Fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.39 622.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.39 622.25 Td ( Highlights) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 610.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 610.25 Td (Fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.39 610.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.39 610.25 Td ( Priorities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 598.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 598.25 Td (Fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.39 598.25 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.39 598.25 Td ( ) Tj ET Q q 0 0 0 rg BT 134.71 598.25 Td (T) Tj ET Q q 0 0 0 rg BT 140.46 598.25 Td (rends) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 586.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 586.25 Td (Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 574.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 574.25 Td (Liquidity and Capital Resources) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 562.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 562.25 Td (Of) Tj ET Q q 0 0 0 rg BT 96.37 562.25 Td (f Balance Sheet Financing ) Tj ET Q q 0 0 0 rg BT 203.56 562.25 Td (Arrangements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 550.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 550.25 Td (Contractual Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 538.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 538.25 Td (Critical ) Tj ET Q q 0 0 0 rg BT 117.94 538.25 Td (Accounting Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 526.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 526.25 Td (New ) Tj ET Q q 0 0 0 rg BT 106.83 526.25 Td (Accounting Pronouncements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 502.25 Td (Our MD&A) Tj ET Q q 0 0 0 rg BT 134.61 502.25 Td ( should be read in conjunction with the accompanying audited financial statements and notes to those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (financial statements and the cautionary statement regarding forward-looking statements found in PartI, Item1A) Tj ET Q q 0 0 0 rg BT 498.48 490.25 Td ( of this ) Tj ET Q q 0 0 0 rg BT 528.20 490.25 Td (Annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (Report on Form10-K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (Overview) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 430.25 Td (CHS Inc. is a diversified company that provides grain, foods and ener) Tj ET Q q 0 0 0 rg BT 364.92 430.25 Td (gy resources to businesses and consumers on a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (global scale. ) Tj ET Q q 0 0 0 rg BT 101.93 418.25 Td (As a cooperative, we are owned by farmers, ranchers and member cooperatives across the United States. ) Tj ET Q q 0 0 0 rg BT 522.42 418.25 Td (W) Tj ET Q q 0 0 0 rg BT 531.05 418.25 Td (e also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (have preferred shareholders that own our five series of preferred stock, all of which are listed and traded on the NASDAQ ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (Global Select Market. ) Tj ET Q q 0 0 0 rg BT 140.35 394.25 Td (W) Tj ET Q q 0 0 0 rg BT 148.98 394.25 Td (e operate in the following four reportable segments:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 370.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 370.25 Td (Ener) Tj ET Q q 0 0 0 rg BT 105.07 370.25 Td (gy Segment -) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.71 370.25 Td ( produces and provides primarily for the wholesale distribution of petroleum products and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 358.25 Td (transportation of those products.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 346.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 346.25 Td (Ag Segment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.49 346.25 Td ( - purchases and further processes or resells grains and oilseeds originated by our country operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 334.25 Td (business, by our member cooperatives and by third parties and also serves as a wholesaler and retailer of crop inputs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 322.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 322.25 Td (Nitr) Tj ET Q q 0 0 0 rg BT 101.75 322.25 Td (ogen Pr) Tj ET Q q 0 0 0 rg BT 133.31 322.25 Td (oduction Segment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.19 322.25 Td (- consists solely of our equity method investment in CF Nitrogen and produces and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 310.25 Td (distributes nitrogen fertilizer) Tj ET Q q 0 0 0 rg BT 200.01 310.25 Td (, a commodity chemical.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 298.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 298.25 Td (Foods Segment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.38 298.25 Td ( - consists solely of our equity method investment in ) Tj ET Q q 0 0 0 rg BT 359.39 298.25 Td (V) Tj ET Q q 0 0 0 rg BT 365.51 298.25 Td (entura Foods and is a processor and distributor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 286.25 Td (of edible oils used in food preparation and a packager of food products.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 262.25 Td (In addition, other operating activities, primarily our non-consolidated wheat milling joint venture, as well as our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (business solutions operations that consist of commodities hedging, insurance and financial services related to crop production, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (have been aggregated within Corporate and Other) Tj ET Q q 0 0 0 rg BT 248.81 238.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 214.25 Td (The consolidated financial statements include the accounts of CHS and all of our wholly-owned and majority-owned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (subsidiaries and limited liability companies. ) Tj ET Q q 0 0 0 rg BT 228.68 202.25 Td (The ef) Tj ET Q q 0 0 0 rg BT 254.31 202.25 Td (fects of all significant intercompany transactions have been eliminated.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 178.25 Td (Corporate administrative expenses and interest are allocated to each reporting segment, along with Corporate and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (Other) Tj ET Q q 0 0 0 rg BT 72.37 166.25 Td (, based on direct usage for services that can be tracked, such as information technology and legal and other factors or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (considerations relevant to the costs incurred.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.00 130.25 Td (Management's Focus) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 175.18 130.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.68 130.25 Td (When evaluating our operating performance, management focuses on gross profit and income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (before income taxes. ) Tj ET Q q 0 0 0 rg BT 134.97 118.25 Td (As a company that operates heavily in commodities, there is significant unpredictability and volatility in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (pricing and costs. ) Tj ET Q q 0 0 0 rg BT 122.21 106.25 Td (As such, we focus on managing the mar) Tj ET Q q 0 0 0 rg BT 281.99 106.25 Td (gin we can receive and the resulting income before income taxes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (Management also focuses on ensuring the strength of the balance sheet through the appropriate management of liquidity) Tj ET Q q 0 0 0 rg BT 530.32 94.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (working capital, capital deployment, capital resources and overall leverage. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 58.25 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.00 58.25 Td (Seasonality) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 133.23 58.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.73 58.25 Td (Many of our business activities are highly seasonal and our operating results vary throughout the year) Tj ET Q q 0 0 0 rg BT 547.02 58.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.25 Td (Our revenues and income are generally lowest during the second and fourth fiscal quarters and highest during the first and third ) Tj ET Q endstream endobj 51 0 obj <>] /Rotate 0 /Contents 52 0 R>> endobj 52 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (fiscal quarters. For example, in our ) Tj ET Q q 0 0 0 rg BT 192.18 742.10 Td (Ag segment, our crop nutrients and country operations businesses generally experience ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (higher volumes and income during the spring planting season and in the fall, which corresponds to harvest. Our grain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (marketing operations are also subject to fluctuations in volume and earnings based on producer harvests, world grain prices and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (demand. Our Ener) Tj ET Q q 0 0 0 rg BT 123.40 706.10 Td (gy segment generally experiences higher volumes and profitability in certain operating areas, such as refined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (products, in the summer and early fall when gasoline and diesel fuel usage by our agricultural producers is highest and is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (subject to global supply and demand forces. Other ener) Tj ET Q q 0 0 0 rg BT 270.59 682.10 Td (gy products, such as propane, may experience higher volumes and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (profitability during the winter heating and crop drying seasons. ) Tj ET Q q 0 0 0 rg BT 304.76 670.10 Td (The graphs below depict the seasonality inherent in our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (business. It should be noted the third quarter of fiscal 2017 was impacted by significant char) Tj ET Q q 0 0 0 rg BT 419.17 658.10 Td (ges that caused income \(loss\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (before income taxes for that period to deviate from historical trends. ) Tj ET Q q 0 0 0 rg BT 325.28 646.10 Td (The nature of these char) Tj ET Q q 0 0 0 rg BT 421.71 646.10 Td (ges is further discussed in the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td ("Reserve and Impairment Char) Tj ET Q q 0 0 0 rg BT 175.20 634.10 Td (ges") Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.72 634.10 Td ( area of the Results of Operations section that follows. ) Tj ET Q /GS0 gs q 500.00 0 0 215.00 56.00 414.10 cm /I25 Do Q BT /F1 10.00 Tf ET /GS0 gs q 500.00 0 0 215.00 56.00 199.10 cm /I26 Do Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 180.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.00 180.10 Td (Pricing) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 116.56 180.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.06 180.10 Td (Our revenues, assets and cash flows can be significantly af) Tj ET Q q 0 0 0 rg BT 358.80 180.10 Td (fected by global market prices for commodities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 168.10 Td (such as petroleum products, natural gas, grains, oilseed products and crop nutrients. Changes in market prices for commodities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 156.10 Td (that we purchase without a corresponding change in the selling prices of those products can af) Tj ET Q q 0 0 0 rg BT 426.09 156.10 Td (fect revenues and operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 144.10 Td (earnings. Commodity prices are af) Tj ET Q q 0 0 0 rg BT 187.83 144.10 Td (fected by a wide range of factors beyond our control, including the weather) Tj ET Q q 0 0 0 rg BT 488.71 144.10 Td (, crop damage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 132.10 Td (due to disease or insects, drought, availability/adequacy of supply of the related commodity) Tj ET Q q 0 0 0 rg BT 415.92 132.10 Td (, government regulations/policies, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 120.10 Td (world events and general political/economic conditions.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 91.30 Td (Business Strategy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 67.30 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 67.30 Td (Our business strategy is to help our owners grow by maximizing the return on our assets and rationalizing our various ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 55.30 Td (operations to ensure that our core businesses are strategically positioned today and for future growth. Specifically) Tj ET Q q 0 0 0 rg BT 503.66 55.30 Td (, we are ) Tj ET Q endstream endobj 53 0 obj <>] /Rotate 0 /Contents 54 0 R>> endobj 54 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (improving ef) Tj ET Q q 0 0 0 rg BT 101.75 742.10 Td (ficiency and, when necessary) Tj ET Q q 0 0 0 rg BT 218.27 742.10 Td (, disposing of assets that that are not strategic and/or do not meet our internal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (measurement expectations. ) Tj ET Q q 0 0 0 rg BT 160.61 730.10 Td (W) Tj ET Q q 0 0 0 rg BT 169.25 730.10 Td (e also continue to focus on maintaining a strong balance sheet and are prepared to optimize our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (financial results throughout the agriculture and ener) Tj ET Q q 0 0 0 rg BT 256.97 718.10 Td (gy economic cycles.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (Fiscal ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.50 694.10 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.50 694.10 Td ( Highlights) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 670.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 670.10 Td (Solid business fundamentals as we realized volume increases in both our ) Tj ET Q q 0 0 0 rg BT 378.99 670.10 Td (Ag and Ener) Tj ET Q q 0 0 0 rg BT 429.34 670.10 Td (gy segments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 658.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 658.10 Td (Mar) Tj ET Q q 0 0 0 rg BT 102.48 658.10 Td (gins continued to be challenged compared to historical results; however) Tj ET Q q 0 0 0 rg BT 388.94 658.10 Td (, we did see improvements in our ) Tj ET Q q 0 0 0 rg BT 523.92 658.10 Td (Ag ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 646.10 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 634.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 634.10 Td (Significant specific losses associated with a single producer loan loss and a key partner in Brazil both had a material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 622.10 Td (impact to earnings.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 610.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 610.10 Td (Management completed a full asset portfolio review resulting in impairments and the movement of certain assets to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 598.10 Td (held for sale classification.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 586.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 586.10 Td (Began initiative to restore financial flexibility by actively managing expenses, reducing debt balances, and optimizing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 574.10 Td (working capital and our asset portfolio.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (Fiscal ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.50 550.10 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.50 550.10 Td ( Priorities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 526.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 526.10 Td (Strengthening our relationships with all key stakeholders including owners, customers, suppliers and employees.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 514.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 514.10 Td (Sharpening our operational excellence with a focus on our risk management practices, safety) Tj ET Q q 0 0 0 rg BT 456.60 514.10 Td (, the implementation of an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 502.10 Td (enterprise resource planning system and leveraging the enterprise through centers of excellence.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 490.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 490.10 Td (Continue initiative to restore financial flexibility as discussed above.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (Fiscal ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.50 466.10 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.50 466.10 Td ( ) Tj ET Q q 0 0 0 rg BT 99.81 466.10 Td (T) Tj ET Q q 0 0 0 rg BT 105.74 466.10 Td (r) Tj ET Q q 0 0 0 rg BT 110.00 466.10 Td (ends) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 442.10 Td (Our business is cyclical and the ) Tj ET Q q 0 0 0 rg BT 214.31 442.10 Td (Ag and Ener) Tj ET Q q 0 0 0 rg BT 264.66 442.10 Td (gy industries are currently in an environment characterized by reduced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (commodity prices, lower mar) Tj ET Q q 0 0 0 rg BT 167.56 430.10 Td (gins, reduced liquidity and increased leverage. ) Tj ET Q q 0 0 0 rg BT 355.64 430.10 Td (W) Tj ET Q q 0 0 0 rg BT 364.28 430.10 Td (e are unable to predict how long this current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (environment will last or how severe it will ultimately be; however) Tj ET Q q 0 0 0 rg BT 313.98 418.10 Td (, at this time, we do not foresee significant changes to this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (environment during fiscal 2018. During this period, we expect our revenues, mar) Tj ET Q q 0 0 0 rg BT 373.62 406.10 Td (gins and cash flows to continue to be under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (pressure.) 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gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 575.75 325.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 575.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 575.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 575.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 575.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 575.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 545.75 325.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 545.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 545.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 545.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 545.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 545.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 515.75 325.00 -15.00 re f /GS0 gs 0.8 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[] 0 d 0 J 0 j 3 M 438 635.75 m 498 635.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 635.75 m 562 635.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 635.75 m 498 635.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 635.75 m 562 635.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 590.75 m 434 590.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 590.75 m 498 590.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 590.75 m 562 590.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 590.75 m 498 590.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 590.75 m 562 590.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 515.75 m 434 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 515.75 m 498 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 515.75 m 562 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 515.75 m 498 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 515.75 m 562 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 485.75 m 434 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 485.75 m 498 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 485.75 m 562 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 485.75 m 498 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 485.75 m 562 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 455.75 m 434 455.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 455.75 m 498 455.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 455.75 m 562 455.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 455.75 m 434 455.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 441.75 m 434 441.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 439.75 m 434 439.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 455.75 m 498 455.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 441.75 m 498 441.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 439.75 m 498 439.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 455.75 m 562 455.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 441.75 m 562 441.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 439.75 m 562 439.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.45 696.98 Td (For the Years Ended August 31) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.50 681.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.50 681.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.50 681.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.70 669.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 655.42 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.50 655.32 Td (................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.50 655.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.10 655.42 Td (31,934,751) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.50 655.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.10 655.42 Td (30,347,203) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.50 655.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.10 655.42 Td (34,582,442) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 640.42 Td (Cost of goods sold) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.00 640.32 Td (.................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.10 640.42 Td (30,985,510) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.10 640.42 Td (29,387,910) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.10 640.42 Td (33,091,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 625.42 Td (Gross profit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.50 625.32 Td (............................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 625.42 Td (949,241) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 625.42 Td (959,293) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.10 625.42 Td (1,490,766) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 610.42 Td (Marketing, general and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.50 610.32 Td (..................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 610.42 Td (604,359) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 610.42 Td (601,261) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 610.42 Td (642,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 595.42 Td (Reserve and impairment charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.00 595.32 Td (...........................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 595.42 Td (456,679) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 595.42 Td (47,836) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 595.42 Td (133,045) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 580.42 Td (Operating earnings \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.00 580.32 Td (.......................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.30 580.47 Td (\(111,797) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 580.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 580.42 Td (310,196) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 580.42 Td (715,412) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 565.42 Td (\(Gain\) loss on investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.50 565.32 Td (....................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.65 565.42 Td (4,569) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.30 565.47 Td (\(9,252) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 565.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 565.47 Td (\(5,239) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 565.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 550.42 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.00 550.32 Td (.....................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 550.42 Td (171,239) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 550.42 Td (113,704) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 550.42 Td (70,659) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 535.42 Td (Other \(income\) loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.00 535.32 Td (...............................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.30 535.47 Td (\(95,415) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 535.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.30 535.47 Td (\(38,357) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 535.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 535.47 Td (\(10,326) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 535.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 520.42 Td (Equity \(income\) loss from investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.00 520.32 Td (.................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.30 520.47 Td (\(137,338) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 520.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.30 520.47 Td (\(175,777) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 520.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 520.47 Td (\(107,850) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 520.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 505.42 Td (Income \(loss\) before income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.50 505.32 Td (........................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.30 505.47 Td (\(54,852) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 505.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 505.42 Td (419,878) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 505.42 Td (768,168) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 490.42 Td (Income tax expense \(benefit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.00 490.32 Td (.................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.30 490.47 Td (\(182,075) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 490.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.30 490.47 Td (\(4,091) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 490.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 490.47 Td (\(12,165) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 490.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 475.42 Td (Net income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.00 475.32 Td (...................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 475.42 Td (127,223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 475.42 Td (423,969) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 475.42 Td (780,333) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 460.42 Td (Net income \(loss\) attributable to noncontrolling interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.50 460.32 Td (....................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.80 460.47 Td (\(634) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 460.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.80 460.47 Td (\(223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 460.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.80 460.47 Td (\(712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 460.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 445.42 Td (Net income \(loss\) attributable to CHS Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.00 445.32 Td (...........................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.50 445.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 445.42 Td (127,857) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.50 445.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 445.42 Td (424,192) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.50 445.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 445.42 Td (781,045) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 417.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 417.25 Td (The charts below detail fiscal 2017 revenues and income \(loss\) before income taxes by reportable segment. Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 405.25 Td (Nitrogen Production and Foods reportable segments represent equity methods investments, and as such record earnings and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 393.25 Td (allocated expenses but not revenue.) Tj ET Q /GS0 gs q 400.00 0 0 149.00 106.00 239.25 cm /I27 Do Q BT /F1 10.00 Tf ET /GS0 gs q 400.00 0 0 169.00 106.00 70.25 cm /I28 Do Q BT /F1 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.80 65.65 Td (* Includes $441.3 million of char) Tj ET Q q 0 0 0 rg BT 182.16 65.65 Td (ges discussed in the "Reserve and Impairment Char) Tj ET Q q 0 0 0 rg BT 347.64 65.65 Td (ges" ar) Tj ET Q q 0 0 0 rg BT 370.48 65.65 Td (ea of this Results of Operations.) Tj ET Q endstream endobj 57 0 obj <>] /Rotate 0 /Contents 58 0 R>> endobj 58 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (25) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 730.25 Td (Income \(Loss\) Befor) Tj ET Q q 0 0 0 rg BT 135.97 730.25 Td (e Income ) Tj ET Q q 0 0 0 rg BT 176.89 730.25 Td (T) Tj ET Q q 0 0 0 rg BT 182.64 730.25 Td (axes by Segment) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 706.25 Td (Energy) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 649.75 161.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.00 649.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.00 649.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.00 649.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 649.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 649.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.00 649.75 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 649.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.00 649.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 649.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 649.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.00 649.75 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 649.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 649.75 46.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 683.75 m 262 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 683.75 m 312 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316 683.75 m 365 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 683.75 m 417 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417 683.75 m 421 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 683.75 m 466 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 664.75 m 262 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262 683.75 m 266 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 664.75 m 312 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312 683.75 m 316 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316 664.75 m 365 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 664.75 m 417 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 664.75 m 466 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 683.75 m 512 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 664.75 m 512 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 683.75 m 516 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 683.75 m 562 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 664.75 m 562 664.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.95 687.83 Td (For) Tj ET Q q 0 0 0 rg BT 246.24 687.83 Td ( the ) Tj ET Q q 0 0 0 rg BT 260.61 687.83 Td (Y) Tj ET Q q 0 0 0 rg BT 265.50 687.83 Td (ears Ended ) Tj ET Q q 0 0 0 rg BT 305.51 687.83 Td (August 31) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.90 687.83 Td (2017 vs. 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.90 687.83 Td (2016 vs. 2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 228.50 668.81 Td (2017) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 281.50 668.81 Td (2016) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 333.00 668.81 Td (2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 379.90 668.81 Td ($ Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 427.15 668.81 Td (% Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 476.40 668.81 Td ($ Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 522.65 668.81 Td (% Change) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 129.00 653.80 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 352.40 653.81 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 641.01 Td (Income \(loss\) before income taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 177.25 641.01 Td (.............) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 212.50 639.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 236.75 639.00 Td (76,872) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 268.50 639.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 282.75 639.00 Td (275,443) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.50 639.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.75 639.00 Td (538,131) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.50 639.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.10 639.00 Td (\(198,571) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.80 639.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.45 639.00 Td (\(72.1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.15 639.00 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.50 639.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.10 639.00 Td (\(262,688) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 508.80 639.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.45 639.00 Td (\(48.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 552.15 639.00 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 611.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 611.25 Td (The following table and commentary present the primary reasons for the changes in income \(loss\) before income taxes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 599.25 Td (\("IBIT"\) for the Ener) Tj ET Q q 0 0 0 rg BT 133.84 599.25 Td (gy segment for each of the years ended ) Tj ET Q q 0 0 0 rg BT 292.11 599.25 Td (August 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.50 599.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.50 599.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.44 599.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.44 599.25 Td (, compared to the prior year:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 561.75 349.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 561.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.00 561.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.00 561.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.00 561.75 81.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 531.75 349.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 531.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.00 531.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.00 531.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.00 531.75 81.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 501.75 349.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 501.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.00 501.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.00 501.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.00 501.75 81.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 576.75 m 562 576.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402 576.75 m 477 576.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402 486.75 m 477 486.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402 472.75 m 477 472.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402 470.75 m 477 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 486.75 m 562 486.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 472.75 m 562 472.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 470.75 m 562 470.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.40 580.83 Td (2017 vs. 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.40 580.83 Td (2016 vs. 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.45 565.98 Td (\(Dollars in millions\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 553.01 Td (Volume) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 79.50 553.01 Td (............................................................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.50 551.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.80 551.00 Td (16) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.50 551.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 548.10 551.00 Td (\(40) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 551.00 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 538.01 Td (Price) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 538.01 Td (................................................................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.10 536.00 Td (\(125) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.80 536.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.10 536.00 Td (\(241) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 536.00 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 523.01 Td (Other*) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 77.25 523.01 Td (.............................................................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.10 521.00 Td (\(29) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.80 521.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 552.10 521.00 Td (\(3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 521.00 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 508.01 Td (Impairment char) Tj ET Q q 0 0 0 rg BT 111.06 508.01 Td (ges) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 123.06 512.09 Td (+) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 126.75 508.01 Td (.......................................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.10 506.00 Td (\(33) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.80 506.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.80 506.00 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 493.01 Td (Non-gross profit related activity) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 167.22 497.09 Td (+) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 171.75 493.01 Td (...................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.10 491.00 Td (\(28) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.80 491.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.80 491.00 Td (21) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 478.15 Td (Total change in Energy IBIT) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 162.75 478.01 Td (.......................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.50 476.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.10 476.00 Td (\(199) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.80 476.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.50 476.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.10 476.00 Td (\(263) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 476.00 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 462.65 Td (* Other includes r) Tj ET Q q 0 0 0 rg BT 107.64 462.65 Td (etail and non-commodity type activities.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 453.05 Td (+ See commentary r) Tj ET Q q 0 0 0 rg BT 114.36 453.05 Td (elated to these changes in the marketing, general and administrative expenses, r) Tj ET Q q 0 0 0 rg BT 371.12 453.05 Td (eserve and impairment char) Tj ET Q q 0 0 0 rg BT 460.80 453.05 Td (ges, \(gain\) loss on investments, ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 443.45 Td (inter) Tj ET Q q 0 0 0 rg BT 64.31 443.45 Td (est expense, other income \(loss\) and equity \(income\) loss fr) Tj ET Q q 0 0 0 rg BT 253.75 443.45 Td (om investments sections of this Results of Operations.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 419.45 Td (Comparison of Ener) Tj ET Q q 0 0 0 rg BT 148.80 419.45 Td (gy segment IBIT) Tj ET Q q 0 0 0 rg BT 214.16 419.45 Td ( for the years ended ) Tj ET Q q 0 0 0 rg BT 295.90 419.45 Td (August31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 341.18 419.45 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 361.18 419.45 Td (, and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 383.68 419.45 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 403.68 419.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 395.45 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.55 395.45 Td ($198.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.44 395.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.94 395.45 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.35 395.45 Td ( in the Ener) Tj ET Q q 0 0 0 rg BT 209.54 395.45 Td (gy segment IBIT) Tj ET Q q 0 0 0 rg BT 277.13 395.45 Td ( for fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.94 395.45 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.94 395.45 Td ( reflects the following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 383.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 383.45 Td (Significantly reduced mar) Tj ET Q q 0 0 0 rg BT 189.17 383.45 Td (gins within refined fuels, caused by the continued down cycle in the ener) Tj ET Q q 0 0 0 rg BT 480.85 383.45 Td (gy industry) Tj ET Q q 0 0 0 rg BT 525.48 383.45 Td (, driving ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 371.45 Td (prices lower) Tj ET Q q 0 0 0 rg BT 134.25 371.45 Td (, partially of) Tj ET Q q 0 0 0 rg BT 183.21 371.45 Td (fset by increases in propane mar) Tj ET Q q 0 0 0 rg BT 312.15 371.45 Td (gins driven by certain manufacturing changes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 359.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 359.45 Td (These decreases were partially of) Tj ET Q q 0 0 0 rg BT 218.58 359.45 Td (fset by higher demand for ener) Tj ET Q q 0 0 0 rg BT 341.41 359.45 Td (gy products, which caused volumes to increase \(most ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 347.45 Td (significantly in refined fuels\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 335.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 335.45 Td (A) Tj ET Q q 0 0 0 rg BT 92.17 335.45 Td ( $32.7 million impairment char) Tj ET Q q 0 0 0 rg BT 216.69 335.45 Td (ge associated with the cancellation of a capital project during fiscal 2017. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 323.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 323.45 Td (W) Tj ET Q q 0 0 0 rg BT 94.14 323.45 Td (e are subject to the RFS, which requires refiners to blend renewable fuels \(e.g., ethanol, biodiesel\) into their finished ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 311.45 Td (transportation fuels or purchase renewable ener) Tj ET Q q 0 0 0 rg BT 274.96 311.45 Td (gy credits, known as Renewable Identification Numbers \("RINs"\), in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 299.45 Td (lieu of blending. ) Tj ET Q q 0 0 0 rg BT 153.64 299.45 Td (The EP) Tj ET Q q 0 0 0 rg BT 182.44 299.45 Td (A) Tj ET Q q 0 0 0 rg BT 189.11 299.45 Td ( generally establishes new annual renewable fuel percentage standards for each compliance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 287.45 Td (year in the preceding year) Tj ET Q q 0 0 0 rg BT 188.78 287.45 Td (. ) Tj ET Q q 0 0 0 rg BT 193.60 287.45 Td (W) Tj ET Q q 0 0 0 rg BT 202.24 287.45 Td (e generate RINs under the RFS in our renewable fuels operations and through our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 275.45 Td (blending activities at our terminals. however) Tj ET Q q 0 0 0 rg BT 263.38 275.45 Td (, we cannot generate enough RINs to meet the needs of our refining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 263.45 Td (capacity and RINs must be purchased on the open market. ) Tj ET Q q 0 0 0 rg BT 320.52 263.45 Td (The price of RINs can be volatile. On November 23, 2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 251.45 Td (the EP) Tj ET Q q 0 0 0 rg BT 110.97 251.45 Td (A) Tj ET Q q 0 0 0 rg BT 117.64 251.45 Td ( released the final mandate for year 2017, and as a result the market price for RINs increased in our first fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 239.45 Td (quarter) Tj ET Q q 0 0 0 rg BT 113.26 239.45 Td (. Subsequent changes in the price of RINs had no material impact on our financial results.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 215.45 Td (Comparison of Ener) Tj ET Q q 0 0 0 rg BT 148.80 215.45 Td (gy segment IBIT) Tj ET Q q 0 0 0 rg BT 214.16 215.45 Td ( for the years ended ) Tj ET Q q 0 0 0 rg BT 295.90 215.45 Td (August31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 341.18 215.45 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 361.18 215.45 Td (, and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 383.68 215.45 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 403.68 215.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 191.45 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.55 191.45 Td ($262.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.44 191.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.94 191.45 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.35 191.45 Td ( in the Ener) Tj ET Q q 0 0 0 rg BT 209.54 191.45 Td (gy segment IBIT) Tj ET Q q 0 0 0 rg BT 277.13 191.45 Td ( for fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.94 191.45 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.94 191.45 Td ( reflects the following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 179.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 179.45 Td (Significantly reduced mar) Tj ET Q q 0 0 0 rg BT 189.17 179.45 Td (gins within refined fuels, caused by the down cycle in the ener) Tj ET Q q 0 0 0 rg BT 438.91 179.45 Td (gy industry) Tj ET Q q 0 0 0 rg BT 483.54 179.45 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 167.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 167.45 Td (Reduced demand for ener) Tj ET Q q 0 0 0 rg BT 188.33 167.45 Td (gy products that caused volumes to decrease \(most significantly in refined fuels\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 155.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 155.45 Td (On November 30, 2015, the EP) Tj ET Q q 0 0 0 rg BT 210.40 155.45 Td (A) Tj ET Q q 0 0 0 rg BT 217.07 155.45 Td ( released the final renewable fuel percentage standards mandate for years 2016 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 143.45 Td (2015 resulting in an increase to the price of RINs. ) Tj ET Q q 0 0 0 rg BT 287.21 143.45 Td (This price increase did not have a material impact on our financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 131.45 Td (results during fiscal 2016 or 2015 as it related to our purchases of RINs.) Tj ET Q endstream endobj 59 0 obj <>] /Rotate 0 /Contents 60 0 R>> endobj 60 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (26) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 742.25 Td (Ag) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 685.75 161.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.00 685.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 685.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.00 685.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.00 685.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 685.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 685.75 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.00 685.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 685.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.00 685.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 685.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 685.75 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 685.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.00 685.75 46.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211 719.75 m 263 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 719.75 m 313 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 719.75 m 366 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 719.75 m 418 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 719.75 m 422 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 719.75 m 467 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211 700.75 m 263 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 719.75 m 267 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 700.75 m 313 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 719.75 m 317 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 700.75 m 366 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 700.75 m 418 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 700.75 m 467 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 719.75 m 513 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 700.75 m 513 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 719.75 m 517 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517 719.75 m 563 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517 700.75 m 563 700.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 234.95 723.83 Td (For) Tj ET Q q 0 0 0 rg BT 247.24 723.83 Td ( the ) Tj ET Q q 0 0 0 rg BT 261.61 723.83 Td (Y) Tj ET Q q 0 0 0 rg BT 266.50 723.83 Td (ears Ended ) Tj ET Q q 0 0 0 rg BT 306.51 723.83 Td (August 31) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.90 723.83 Td (2017 vs. 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.90 723.83 Td (2016 vs. 2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 229.50 704.81 Td (2017) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 282.50 704.81 Td (2016) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 334.00 704.81 Td (2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 380.90 704.81 Td ($ Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 428.15 704.81 Td (% Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 477.40 704.81 Td ($ Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 523.65 704.81 Td (% Change) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 130.00 689.80 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.70 689.98 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 677.01 Td (Income \(loss\) before income taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 178.25 677.01 Td (.............) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 213.50 675.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 231.10 675.00 Td (\(230,853) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.80 675.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 269.50 675.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 287.75 675.00 Td (30,936) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.50 675.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.75 675.00 Td (149,648) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 375.50 675.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 386.10 675.00 Td (\(261,789) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.80 675.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 436.45 675.00 Td (\(846.2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.15 675.00 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.50 675.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.10 675.00 Td (\(118,712) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.80 675.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.45 675.00 Td (\(79.3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 553.15 675.00 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 647.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 647.25 Td (The following table and commentary present the primary reasons for the changes in IBIT) Tj ET Q q 0 0 0 rg BT 442.15 647.25 Td ( for the ) Tj ET Q q 0 0 0 rg BT 472.97 647.25 Td (Ag segment for each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 635.25 Td (of the years ended ) Tj ET Q q 0 0 0 rg BT 124.47 635.25 Td (August 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.86 635.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.86 635.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.80 635.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.80 635.25 Td (, compared to the prior year:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 597.75 349.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 597.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.00 597.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.00 597.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.00 597.75 81.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 567.75 349.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 567.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.00 567.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.00 567.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.00 567.75 81.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 537.75 349.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 537.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.00 537.75 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.00 537.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.00 537.75 81.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 612.75 m 562 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402 612.75 m 477 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402 523.75 m 477 523.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402 509.75 m 477 509.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402 507.75 m 477 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 523.75 m 562 523.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 509.75 m 562 509.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 507.75 m 562 507.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.40 616.83 Td (2017 vs. 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.40 616.83 Td (2016 vs. 2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 451.70 601.81 Td (\(Dollars in millions\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 589.01 Td (Volume) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 79.50 589.01 Td (............................................................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.50 587.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.80 587.00 Td (13) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.50 587.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.80 587.00 Td (116) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 574.01 Td (Price) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 574.01 Td (................................................................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.80 572.00 Td (447) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.10 572.00 Td (\(464) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 572.00 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 559.01 Td (Other*) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 77.25 559.01 Td (.............................................................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.10 557.00 Td (\(359) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.80 557.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.80 557.00 Td (110) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 544.01 Td (Impairment char) Tj ET Q q 0 0 0 rg BT 111.06 544.01 Td (ges) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 123.06 548.09 Td (+) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 126.75 544.01 Td (.......................................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.10 542.00 Td (\(441) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.80 542.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.80 542.00 Td (90) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 529.01 Td (Non-gross profit related activity) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 167.22 533.09 Td (+) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 171.75 529.01 Td (...................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.80 528.00 Td (78) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.80 528.00 Td (29) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 515.15 Td (Total change in Ag IBIT) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 144.75 515.01 Td (...............................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.50 513.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.10 513.00 Td (\(262) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.80 513.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.50 513.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.10 513.00 Td (\(119) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 513.00 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 499.65 Td (* Other includes r) Tj ET Q q 0 0 0 rg BT 107.64 499.65 Td (etail and non-commodity type activities.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 490.05 Td (+ See commentary r) Tj ET Q q 0 0 0 rg BT 114.36 490.05 Td (elated to these changes in the marketing, general and administrative expenses, r) Tj ET Q q 0 0 0 rg BT 371.12 490.05 Td (eserve and impairment char) Tj ET Q q 0 0 0 rg BT 460.80 490.05 Td (ges, \(gain\) loss on investments, ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 480.45 Td (inter) Tj ET Q q 0 0 0 rg BT 64.31 480.45 Td (est expense, other income \(loss\) and equity \(income\) loss fr) Tj ET Q q 0 0 0 rg BT 253.75 480.45 Td (om investments sections of this Results of Operations. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 456.45 Td (Comparison of ) Tj ET Q q 0 0 0 rg BT 129.55 456.45 Td (Ag segment IBIT) Tj ET Q q 0 0 0 rg BT 196.58 456.45 Td ( for the years ended ) Tj ET Q q 0 0 0 rg BT 278.32 456.45 Td (August31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 323.60 456.45 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 343.60 456.45 Td (, and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 366.10 456.45 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 386.10 456.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 432.45 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.55 432.45 Td ($261.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.44 432.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.94 432.45 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.35 432.45 Td ( in ) Tj ET Q q 0 0 0 rg BT 175.58 432.45 Td (Ag segment IBIT) Tj ET Q q 0 0 0 rg BT 245.38 432.45 Td ( for fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.20 432.45 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.20 432.45 Td ( reflects the following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 420.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 420.45 Td (Our grain marketing IBIT) Tj ET Q q 0 0 0 rg BT 188.90 420.45 Td ( decreased primarily due to char) Tj ET Q q 0 0 0 rg BT 317.27 420.45 Td (ges of $229.4 million associated with a trading partner in our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 408.45 Td (Brazilian operations entering bankruptcy-like proceedings under Brazilian law) Tj ET Q q 0 0 0 rg BT 398.90 408.45 Td (. Grain marketing also experienced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 396.45 Td (impairments within certain international investments of $20.2 million due to persistent underperformance, partially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 384.45 Td (of) Tj ET Q q 0 0 0 rg BT 93.65 384.45 Td (fset by higher grain volumes and associated mar) Tj ET Q q 0 0 0 rg BT 286.47 384.45 Td (gins. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 372.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 372.45 Td (Country operations IBIT) Tj ET Q q 0 0 0 rg BT 184.19 372.45 Td ( decreased primarily due to changes in reserves related to a single producer borrower of $81.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 360.45 Td (million along with $30.4 million of long-lived asset impairments, which were significantly of) Tj ET Q q 0 0 0 rg BT 459.15 360.45 Td (fset by higher grain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 348.45 Td (mar) Tj ET Q q 0 0 0 rg BT 100.87 348.45 Td (gins and volumes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 336.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 336.45 Td (A) Tj ET Q q 0 0 0 rg BT 92.17 336.45 Td ( decrease in processing and food ingredients IBIT) Tj ET Q q 0 0 0 rg BT 291.09 336.45 Td ( primarily caused by long-lived asset impairment char) Tj ET Q q 0 0 0 rg BT 506.68 336.45 Td (ges of $80.1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 324.45 Td (million that exceeded the prior year's non-recurring bad debt char) Tj ET Q q 0 0 0 rg BT 347.29 324.45 Td (ge related to a specific customer) Tj ET Q q 0 0 0 rg BT 475.85 324.45 Td (. Higher mar) Tj ET Q q 0 0 0 rg BT 526.48 324.45 Td (gins ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 312.45 Td (of) Tj ET Q q 0 0 0 rg BT 93.65 312.45 Td (fset this decrease.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 300.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 300.45 Td (Crop nutrients IBIT) Tj ET Q q 0 0 0 rg BT 164.75 300.45 Td ( increased, driven by higher volumes and associated mar) Tj ET Q q 0 0 0 rg BT 390.89 300.45 Td (gins. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 288.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 288.45 Td (Increased IBIT) Tj ET Q q 0 0 0 rg BT 145.56 288.45 Td ( in renewable fuels marketing and production operations primarily resulting from higher mar) Tj ET Q q 0 0 0 rg BT 516.38 288.45 Td (gins.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 264.45 Td (Comparison of ) Tj ET Q q 0 0 0 rg BT 129.55 264.45 Td (Ag segment IBIT) Tj ET Q q 0 0 0 rg BT 196.58 264.45 Td ( for the years ended ) Tj ET Q q 0 0 0 rg BT 278.32 264.45 Td (August31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 323.60 264.45 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 343.60 264.45 Td (, and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 366.10 264.45 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 386.10 264.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 240.45 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.55 240.45 Td ($1) Tj ET Q q 0 0 0 rg BT 77.18 240.45 Td (18.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.07 240.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.57 240.45 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.98 240.45 Td ( in ) Tj ET Q q 0 0 0 rg BT 175.21 240.45 Td (Ag segment IBIT) Tj ET Q q 0 0 0 rg BT 245.01 240.45 Td ( for fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.83 240.45 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.83 240.45 Td ( reflects the following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 228.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 228.45 Td (Country operations IBIT) Tj ET Q q 0 0 0 rg BT 184.19 228.45 Td ( decreased, driven primarily by significantly lower grain mar) Tj ET Q q 0 0 0 rg BT 427.54 228.45 Td (gins, which were partially of) Tj ET Q q 0 0 0 rg BT 542.04 228.45 Td (fset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 216.45 Td (by increased grain volumes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 204.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 204.45 Td (Crop nutrients IBIT) Tj ET Q q 0 0 0 rg BT 164.75 204.45 Td ( increased, driven primarily by a $1) Tj ET Q q 0 0 0 rg BT 306.83 204.45 Td (16.5 million impairment related to our decision to cease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 192.45 Td (development of a nitrogen fertilizer plant in Spiritwood, North Dakota, which took place in fiscal 2015 and did not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 180.45 Td (reoccur in fiscal 2016, partially of) Tj ET Q q 0 0 0 rg BT 221.38 180.45 Td (fset by decreased mar) Tj ET Q q 0 0 0 rg BT 308.10 180.45 Td (gins in fiscal 2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 168.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 168.45 Td (Our grain marketing IBIT) Tj ET Q q 0 0 0 rg BT 188.90 168.45 Td ( decreased primarily as a result of lower mar) Tj ET Q q 0 0 0 rg BT 366.97 168.45 Td (gins, partially of) Tj ET Q q 0 0 0 rg BT 432.61 168.45 Td (fset by increased volumes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 156.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 156.45 Td (Our processing and food ingredients business experienced a decrease in IBIT) Tj ET Q q 0 0 0 rg BT 394.10 156.45 Td ( primarily due to char) Tj ET Q q 0 0 0 rg BT 480.56 156.45 Td (ges associated with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 144.45 Td (the disposal and impairment of assets as well as a char) Tj ET Q q 0 0 0 rg BT 303.03 144.45 Td (ge associated with a specific customer receivable, and to a lesser ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 132.45 Td (extent, lower mar) Tj ET Q q 0 0 0 rg BT 155.57 132.45 Td (gins in our soybean crushing business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 120.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 120.45 Td (Our renewable fuels marketing and production operations IBIT) Tj ET Q q 0 0 0 rg BT 338.29 120.45 Td ( decreased primarily due to lower market prices for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 108.45 Td (ethanol and was partially of) Tj ET Q q 0 0 0 rg BT 196.39 108.45 Td (fset by increased volumes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 96.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 96.45 Td (The lower mar) Tj ET Q q 0 0 0 rg BT 144.18 96.45 Td (gins referenced above result from the previously discussed ) Tj ET Q q 0 0 0 rg BT 380.78 96.45 Td (Ag economy down cycle, which reduced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 84.45 Td (commodity prices and decreased mar) Tj ET Q q 0 0 0 rg BT 234.15 84.45 Td (gins across the globe.) Tj ET Q endstream endobj 61 0 obj <>] /Rotate 0 /Contents 62 0 R>> endobj 62 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (27) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 730.25 Td (All Other Segments) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 673.75 161.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.00 673.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.00 673.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.00 673.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 673.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 673.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.00 673.75 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 673.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.00 673.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 673.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 673.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.00 673.75 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 673.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 673.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 643.75 161.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.00 643.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.00 643.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.00 643.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 643.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 643.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.00 643.75 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 643.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.00 643.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 643.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 643.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.00 643.75 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 643.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 643.75 46.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 707.75 m 262 707.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 707.75 m 312 707.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316 707.75 m 365 707.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 707.75 m 417 707.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417 707.75 m 421 707.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 707.75 m 466 707.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 688.75 m 262 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262 707.75 m 266 707.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 688.75 m 312 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312 707.75 m 316 707.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316 688.75 m 365 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 688.75 m 417 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 688.75 m 466 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 707.75 m 512 707.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 688.75 m 512 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 707.75 m 516 707.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 707.75 m 562 707.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 688.75 m 562 688.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.95 711.83 Td (For) Tj ET Q q 0 0 0 rg BT 246.24 711.83 Td ( the ) Tj ET Q q 0 0 0 rg BT 260.61 711.83 Td (Y) Tj ET Q q 0 0 0 rg BT 265.50 711.83 Td (ears Ended ) Tj ET Q q 0 0 0 rg BT 305.51 711.83 Td (August 31) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.90 711.83 Td (2017 vs. 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.90 711.83 Td (2016 vs. 2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 228.50 692.81 Td (2017) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 281.50 692.81 Td (2016) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 333.00 692.81 Td (2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 379.90 692.81 Td ($ Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 427.15 692.81 Td (% Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 476.40 692.81 Td ($ Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 522.65 692.81 Td (% Change) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 129.00 677.80 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 352.40 677.81 Td (\(Dollars in thousands\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 665.15 Td (Nitrogen Production IBIT) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 152.50 665.01 Td (........................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 212.50 663.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 236.75 663.00 Td (29,741) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 268.50 663.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.75 663.00 Td (34,070) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.50 663.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.80 663.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.50 663.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.10 663.00 Td (\(4,329) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.80 663.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.45 663.00 Td (\(12.7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.15 663.00 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.50 663.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.75 663.00 Td (34,070) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.50 663.00 Td (NM) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 650.15 Td (Foods IBIT) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 96.25 650.01 Td (.................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 212.50 648.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 236.75 648.00 Td (25,967) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 268.50 648.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.75 648.00 Td (64,764) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.50 648.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.75 648.00 Td (62,647) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.50 648.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.10 648.00 Td (\(38,797) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.80 648.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.45 648.00 Td (\(59.9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.15 648.00 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.50 648.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.75 648.00 Td (2,117) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 542.15 648.00 Td (3.4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.80 648.00 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 635.15 Td (Corporate and Other IBIT) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 154.75 635.01 Td (.......................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 212.50 633.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 236.75 633.00 Td (43,421) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 268.50 633.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.75 633.00 Td (14,665) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.50 633.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.75 633.00 Td (17,742) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.50 633.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.75 633.00 Td (28,756) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.15 633.00 Td (196.1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.80 633.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.50 633.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.10 633.00 Td (\(3,077) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 508.80 633.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.45 633.00 Td (\(17.3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 552.15 633.00 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 617.25 Td (NM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 617.25 Td ( - Not meaningful ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 593.25 Td (Comparison of ) Tj ET Q q 0 0 0 rg BT 129.55 593.25 Td (All Other Segments IBIT) Tj ET Q q 0 0 0 rg BT 227.96 593.25 Td ( for the years ended ) Tj ET Q q 0 0 0 rg BT 309.71 593.25 Td (August31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 354.99 593.25 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 374.99 593.25 Td (, and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 397.49 593.25 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 417.49 593.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 569.25 Td (Our Nitrogen Production segment IBIT) Tj ET Q q 0 0 0 rg BT 243.07 569.25 Td ( decreased overall as a result of lower equity method income caused by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.25 Td (downward pressures on the pricing of urea and UAN, which are produced and sold by CF Nitrogen. ) Tj ET Q q 0 0 0 rg BT 451.17 557.25 Td (This was partially of) Tj ET Q q 0 0 0 rg BT 533.46 557.25 Td (fset by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.25 Td (a gain of $30.5 million in fiscal 2017 associated with an embedded derivative asset inherent in the agreement relating to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.25 Td (investment in CF Nitrogen for which there was no comparable gain in the prior fiscal year) Tj ET Q q 0 0 0 rg BT 409.68 533.25 Td (. See Note 4, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 463.55 533.25 Td (Investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.76 533.25 Td (, of the notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.25 Td (to the consolidated financial statements that are included in this ) Tj ET Q q 0 0 0 rg BT 305.54 521.25 Td (Annual Report on Form 10-K for additional information. Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.25 Td (Foods segment IBIT) Tj ET Q q 0 0 0 rg BT 131.54 509.25 Td ( decreased in fiscal 2017 due to lower mar) Tj ET Q q 0 0 0 rg BT 300.74 509.25 Td (gins as customers put pressure on pricing. Corporate and Other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.25 Td (IBIT) Tj ET Q q 0 0 0 rg BT 68.76 497.25 Td ( increased primarily due to improved earnings from our wheat milling joint venture.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 473.25 Td (Comparison of ) Tj ET Q q 0 0 0 rg BT 129.55 473.25 Td (All Other Segments IBIT) Tj ET Q q 0 0 0 rg BT 227.96 473.25 Td ( for the years ended ) Tj ET Q q 0 0 0 rg BT 309.71 473.25 Td (August31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 354.99 473.25 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 374.99 473.25 Td (, and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 397.49 473.25 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 417.49 473.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 449.25 Td (Our Nitrogen Production segment was created as a result of our equity method investment in CF Nitrogen, which was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.25 Td (consummated February 1, 2016. See Note 4, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 230.02 437.25 Td (Investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.22 437.25 Td (, of the notes to the consolidated financial statements that are included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.25 Td (in this ) Tj ET Q q 0 0 0 rg BT 76.17 425.25 Td (Annual Report on Form 10-K for additional information. ) Tj ET Q q 0 0 0 rg BT 305.86 425.25 Td (As fiscal 2016 represented our initial year of investment, there ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.25 Td (is no comparable income in the prior year) Tj ET Q q 0 0 0 rg BT 215.83 413.25 Td (. Our Foods segment and Corporate and Other did not experience a significant change ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.25 Td (in IBIT) Tj ET Q q 0 0 0 rg BT 79.04 401.25 Td ( in fiscal 2016 when compared to fiscal 2015.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 377.25 Td (Revenues by Segment) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 353.25 Td (Energy) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 296.75 149.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.00 296.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.00 296.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.00 296.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.00 296.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.00 296.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 296.75 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 296.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.00 296.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.00 296.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.00 296.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 296.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 296.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 296.75 46.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198 330.75 m 250 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 330.75 m 300 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 330.75 m 353 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 330.75 m 405 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 330.75 m 409 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 330.75 m 454 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198 311.75 m 250 311.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250 330.75 m 254 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 311.75 m 300 311.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300 330.75 m 304 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 311.75 m 353 311.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 311.75 m 405 311.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 311.75 m 454 311.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 330.75 m 512 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 311.75 m 512 311.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 330.75 m 516 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 330.75 m 562 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 311.75 m 562 311.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 221.95 334.83 Td (For) Tj ET Q q 0 0 0 rg BT 234.24 334.83 Td ( the ) Tj ET Q q 0 0 0 rg BT 248.61 334.83 Td (Y) Tj ET Q q 0 0 0 rg BT 253.50 334.83 Td (ears Ended ) Tj ET Q q 0 0 0 rg BT 293.51 334.83 Td (August 31) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.90 334.83 Td (2017 vs. 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.90 334.83 Td (2016 vs. 2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 216.50 315.81 Td (2017) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 269.50 315.81 Td (2016) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 321.00 315.81 Td (2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 367.90 315.81 Td ($ Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 415.15 315.81 Td (% Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 470.40 315.81 Td ($ Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 522.65 315.81 Td (% Change) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 123.00 300.80 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 346.40 300.81 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 288.01 Td (Revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 84.25 288.01 Td (.................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 200.50 286.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 214.75 286.00 Td (6,265,197) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 256.50 286.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 264.75 286.00 Td (5,447,542) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.50 286.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 317.75 286.00 Td (8,210,337) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.50 286.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 375.75 286.00 Td (817,655) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.75 286.00 Td (15.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.80 286.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.50 286.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.10 286.00 Td (\(2,762,795) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 508.80 286.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.45 286.00 Td (\(33.7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 552.15 286.00 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 258.25 Td (The following table and commentary present the primary reasons for the changes in revenue for the Ener) Tj ET Q q 0 0 0 rg BT 504.61 258.25 Td (gy segment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.25 Td (for each of the years ended ) Tj ET Q q 0 0 0 rg BT 159.45 246.25 Td (August 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.84 246.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.84 246.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.78 246.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.78 246.25 Td (, compared to the prior year:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 208.75 349.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.00 208.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.00 208.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 208.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 208.75 81.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 178.75 349.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.00 178.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.00 178.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 178.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 178.75 81.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 223.75 m 563 223.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 223.75 m 478 223.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 163.75 m 478 163.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 149.75 m 478 149.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 147.75 m 478 147.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 163.75 m 563 163.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 149.75 m 563 149.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 147.75 m 563 147.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.40 227.83 Td (2017 vs. 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.40 227.83 Td (2016 vs. 2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 452.70 212.81 Td (\(Dollars in millions\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 200.01 Td (Volume) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 80.50 200.01 Td (............................................................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 405.50 198.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.80 198.00 Td (237) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.50 198.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 545.10 198.00 Td (\(596) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.80 198.00 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 185.01 Td (Price) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.50 185.01 Td (................................................................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.80 183.00 Td (568) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.10 183.00 Td (\(2,142) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.80 183.00 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 170.01 Td (Other*) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 78.25 170.01 Td (.............................................................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.80 168.00 Td (13) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.10 168.00 Td (\(25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.80 168.00 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 155.15 Td (Total change in Energy revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 175.00 155.01 Td (..................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 405.50 153.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.80 153.00 Td (818) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.50 153.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.10 153.00 Td (\(2,763) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.80 153.00 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 139.65 Td (* Other includes r) Tj ET Q q 0 0 0 rg BT 107.64 139.65 Td (etail and non-commodity type activities.) Tj ET Q endstream endobj 63 0 obj <>] /Rotate 0 /Contents 64 0 R>> endobj 64 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (28) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 742.10 Td (Comparison of Ener) Tj ET Q q 0 0 0 rg BT 148.80 742.10 Td (gy segment r) Tj ET Q q 0 0 0 rg BT 199.53 742.10 Td (evenue for the years ended ) Tj ET Q q 0 0 0 rg BT 309.02 742.10 Td (August31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 354.30 742.10 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 374.30 742.10 Td (, and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 396.80 742.10 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 416.80 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.55 718.10 Td ($817.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.44 718.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.94 718.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.69 718.10 Td ( in Ener) Tj ET Q q 0 0 0 rg BT 193.17 718.10 Td (gy revenue for fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.13 718.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.13 718.10 Td ( reflects the following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 706.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 706.10 Td (Refined fuels revenues rose $678.3 million \(15%\), of which approximately $456.0 million related to an increase in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 694.10 Td (net average selling price and $222.3 million related to higher sales volumes, compared to the prior year) Tj ET Q q 0 0 0 rg BT 498.15 694.10 Td (. ) Tj ET Q q 0 0 0 rg BT 502.97 694.10 Td (The selling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 682.10 Td (price of refined fuels products increased an average of $0.16 \(10%\) per gallon, and sales volumes increased 5%, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 670.10 Td (compared to the previous year) Tj ET Q q 0 0 0 rg BT 206.01 670.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 658.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 658.10 Td (Propane revenues increased $109.5 million \(22%\), of which $100.1 million was attributable to a rise in the net average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 646.10 Td (selling price and $9.4 million was attributable to higher volumes. Propane sales volume increased 2% and the average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 634.10 Td (selling price of propane increased $0.13 \(20%\) per gallon, when compared to the previous year) Tj ET Q q 0 0 0 rg BT 465.37 634.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 610.10 Td (Comparison of Ener) Tj ET Q q 0 0 0 rg BT 148.80 610.10 Td (gy segment r) Tj ET Q q 0 0 0 rg BT 199.53 610.10 Td (evenue for the years ended ) Tj ET Q q 0 0 0 rg BT 309.02 610.10 Td (August31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 354.30 610.10 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 374.30 610.10 Td (, and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 396.80 610.10 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 416.80 610.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.55 586.10 Td ($2.8 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.66 586.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.16 586.10 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.57 586.10 Td ( in Ener) Tj ET Q q 0 0 0 rg BT 182.05 586.10 Td (gy revenue for fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.01 586.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.01 586.10 Td ( reflects the following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 574.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 574.10 Td (Refined fuels revenues decreased $2.5 billion \(35%\), of which approximately $2.0 billion related to a decline in the net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 562.10 Td (average selling price and $480.1 million related to lower sales volumes, compared to the prior year) Tj ET Q q 0 0 0 rg BT 480.65 562.10 Td (. ) Tj ET Q q 0 0 0 rg BT 485.47 562.10 Td (The selling price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 550.10 Td (of refined fuels products decreased an average of $0.74 \(30%\) per gallon and sales volumes decreased 7%, compared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 538.10 Td (to the previous year) Tj ET Q q 0 0 0 rg BT 164.09 538.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 526.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 526.10 Td (Propane revenues decreased $396.4 million \(43%\), of which $252.2 million was attributable to a lower net average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 514.10 Td (selling price and $144.2 million was attributable to a decline in volumes. Propane sales volume decreased 16% due to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 502.10 Td (warmer temperatures in fiscal 2016 compared to fiscal 2015 and the average selling price of propane decreased $0.34 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 490.10 Td (\(32%\) per gallon, when compared to the previous year) Tj ET Q q 0 0 0 rg BT 302.93 490.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 466.10 Td (Ag) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 409.60 153.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.00 409.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.00 409.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.00 409.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.00 409.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.00 409.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.00 409.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.00 409.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.00 409.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.00 409.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 409.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 409.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 409.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 409.60 46.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202 443.6 m 254 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 443.6 m 304 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308 443.6 m 357 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 443.6 m 409 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 443.6 m 413 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 443.6 m 458 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202 424.6 m 254 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 443.6 m 258 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 424.6 m 304 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 443.6 m 308 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308 424.6 m 357 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364 424.6 m 409 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 424.6 m 458 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 443.6 m 512 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 424.6 m 512 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 443.6 m 516 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 443.6 m 562 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 424.6 m 562 424.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 225.95 447.68 Td (For) Tj ET Q q 0 0 0 rg BT 238.24 447.68 Td ( the ) Tj ET Q q 0 0 0 rg BT 252.61 447.68 Td (Y) Tj ET Q q 0 0 0 rg BT 257.50 447.68 Td (ears Ended ) Tj ET Q q 0 0 0 rg BT 297.51 447.68 Td (August 31) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 387.90 447.68 Td (2017 vs. 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.90 447.68 Td (2016 vs. 2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 220.50 428.66 Td (2017) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 273.50 428.66 Td (2016) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 325.00 428.66 Td (2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 371.90 428.66 Td ($ Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 419.15 428.66 Td (% Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 472.40 428.66 Td ($ Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 522.65 428.66 Td (% Change) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 125.00 413.65 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 348.40 413.66 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 400.86 Td (Revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.75 400.86 Td (...................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 204.50 398.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 214.75 398.85 Td (25,578,393) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 260.50 398.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 264.75 398.85 Td (24,809,298) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 310.50 398.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 317.75 398.85 Td (26,299,947) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.50 398.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.75 398.85 Td (769,095) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.75 398.85 Td (3.1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.80 398.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.50 398.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.10 398.85 Td (\(1,490,649) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 508.80 398.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.45 398.85 Td (\(5.7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 552.15 398.85 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 371.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 371.10 Td (The following table and commentary present the primary reasons for the changes in revenue for the ) Tj ET Q q 0 0 0 rg BT 485.36 371.10 Td (Ag segment for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 359.10 Td (each of the years ended ) Tj ET Q q 0 0 0 rg BT 145.29 359.10 Td (August 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.68 359.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.68 359.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.62 359.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.62 359.10 Td (, compared to the prior year:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 321.60 349.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 321.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.00 321.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.00 321.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.00 321.60 81.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 291.60 349.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 291.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.00 291.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.00 291.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.00 291.60 81.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 336.6 m 562 336.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402 336.6 m 477 336.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402 276.6 m 477 276.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402 262.6 m 477 262.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402 260.6 m 477 260.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 276.6 m 562 276.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 262.6 m 562 262.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 260.6 m 562 260.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.40 340.68 Td (2017 vs. 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.40 340.68 Td (2016 vs. 2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 451.70 325.66 Td (\(Dollars in millions\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 312.86 Td (Volume) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 79.50 312.86 Td (............................................................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.50 310.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.80 310.85 Td (804) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.50 310.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 310.85 Td (4,079) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 297.86 Td (Price) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 297.86 Td (................................................................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.10 295.85 Td (\(37) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.80 295.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 295.85 Td (\(5,541) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 295.85 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 282.86 Td (Other*) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 77.25 282.86 Td (.............................................................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.80 280.85 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 548.10 280.85 Td (\(29) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 280.85 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 268.00 Td (Total change in Ag revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 156.00 267.86 Td (..........................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.50 265.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.80 265.85 Td (769) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.50 265.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 265.85 Td (\(1,491) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 265.85 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 252.50 Td (* Other includes r) Tj ET Q q 0 0 0 rg BT 107.64 252.50 Td (etail and non-commodity type activities.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 228.50 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 228.50 Td (Comparison of ) Tj ET Q q 0 0 0 rg BT 147.55 228.50 Td (Ag segment r) Tj ET Q q 0 0 0 rg BT 199.95 228.50 Td (evenue for the years ended ) Tj ET Q q 0 0 0 rg BT 309.45 228.50 Td (August31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 354.72 228.50 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 374.72 228.50 Td (, and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 397.22 228.50 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 417.22 228.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 204.50 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.55 204.50 Td ($769.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.44 204.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.94 204.50 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.69 204.50 Td ( in ) Tj ET Q q 0 0 0 rg BT 173.92 204.50 Td (Ag segment revenue for fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.93 204.50 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.93 204.50 Td ( reflects the following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 192.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 192.50 Td (Grain and oilseed revenues attributable to country operations and grain marketing totaled $18.0 billion and $16.8 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 180.50 Td (billion during the years ended ) Tj ET Q q 0 0 0 rg BT 206.86 180.50 Td (August 31, 2017, and 2016, respectively) Tj ET Q q 0 0 0 rg BT 367.85 180.50 Td (. ) Tj ET Q q 0 0 0 rg BT 372.67 180.50 Td (The grain and oilseed revenue increase of $1.2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 168.50 Td (billion \(7%\) was attributable to $396.4 million in higher average grain selling prices and a rise in volumes of $815.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 156.50 Td (million. ) Tj ET Q q 0 0 0 rg BT 119.21 156.50 Td (The average sales price of all grain and oilseed commodities sold reflected an increase of 2%. ) Tj ET Q q 0 0 0 rg BT 496.37 156.50 Td (Wheat, corn and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 144.50 Td (soybean volumes increased by approximately 4% compared to the prior year) Tj ET Q q 0 0 0 rg BT 391.51 144.50 Td (. ) Tj ET Q q 0 0 0 rg BT 396.33 144.50 Td (The increase in volumes was due to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 132.50 Td (lar) Tj ET Q q 0 0 0 rg BT 95.87 132.50 Td (ge U.S. crop production, while the rise in pricing was primarily due to higher spring wheat and soybean prices. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 120.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 120.50 Td (Our processing and food ingredients revenue decreased $205.7 million, primarily due to a $181.1 million decline ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 108.50 Td (resulting from the prior) Tj ET Q q 0 0 0 rg BT 178.89 108.50 Td (-year sale of an international location, along with a decline in volumes of $274.7 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 96.50 Td (\(17%\). ) Tj ET Q q 0 0 0 rg BT 114.94 96.50 Td (An average sales price increase of $0.70 \(5%\) related to our oilseed commodities helped to partially of) Tj ET Q q 0 0 0 rg BT 525.44 96.50 Td (fset the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 84.50 Td (decreases by $250.1 million.) Tj ET Q endstream endobj 65 0 obj <>] /Rotate 0 /Contents 66 0 R>> endobj 66 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 742.10 Td (Wholesale crop nutrient revenues attributable to crop nutrients and grain marketing decreased $54.3 million due to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 730.10 Td (lower average fertilizer selling prices of $330.7 million, partially of) Tj ET Q q 0 0 0 rg BT 355.50 730.10 Td (fset by higher volumes of $276.4 million. Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 718.10 Td (wholesale crop nutrient volumes increased 14% and the average sales price of all fertilizers sold reflected a decrease of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 706.10 Td ($44.1) Tj ET Q q 0 0 0 rg BT 107.63 706.10 Td (1 \(14%\) per ton compared to the prior year) Tj ET Q q 0 0 0 rg BT 278.68 706.10 Td (. ) Tj ET Q q 0 0 0 rg BT 283.50 706.10 Td (The increase in volumes was due to improved market conditions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 694.10 Td (from the prior year as well as supply chain management improvements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 682.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 682.10 Td (Our renewable fuels revenue from our marketing and production operations decreased $7.2 million primarily as the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 670.10 Td (result of 4% lower volumes, partially of) Tj ET Q q 0 0 0 rg BT 245.00 670.10 Td (fset by a higher average sales price of $0.06 \(4%\) per gallon. Market supply ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 658.10 Td (and demand forces increased average sales prices. ) Tj ET Q q 0 0 0 rg BT 288.00 658.10 Td (The decrease in volumes was due to lower exports. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 646.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 646.10 Td (The remaining ) Tj ET Q q 0 0 0 rg BT 146.04 646.10 Td (Ag segment product revenues related primarily to feed and farm supplies decreased $176.9 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 634.10 Td (mainly due to reduced country operations retail sales and a fallof) Tj ET Q q 0 0 0 rg BT 344.67 634.10 Td (f in plant food and sunflower pricing. ) Tj ET Q q 0 0 0 rg BT 496.68 634.10 Td (The decreases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 622.10 Td (were partially of) Tj ET Q q 0 0 0 rg BT 151.40 622.10 Td (fset by increases in diesel sold as a result of higher grain movement and a rise in propane sold for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 610.10 Td (home heating. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 598.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 598.10 Td (T) Tj ET Q q 0 0 0 rg BT 90.91 598.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 107.85 598.10 Td (Ag revenues include "Other" revenues, which are generated from our country operations elevators and agri-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 586.10 Td (service centers that derive revenues from activities related to production agriculture. ) Tj ET Q q 0 0 0 rg BT 424.62 586.10 Td (These revenue generating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 574.10 Td (activities include grain storage, grain cleaning, fertilizer spreading, crop protection spraying and other associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 562.10 Td (services of this nature. In addition, our grain marketing operations receive "Other" revenues at our export terminals ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 550.10 Td (from activities related to loading vessels. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 526.10 Td (Comparison of ) Tj ET Q q 0 0 0 rg BT 147.55 526.10 Td (Ag segment r) Tj ET Q q 0 0 0 rg BT 199.95 526.10 Td (evenue for the years ended ) Tj ET Q q 0 0 0 rg BT 309.45 526.10 Td (August31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 354.72 526.10 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 374.72 526.10 Td (, and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 397.22 526.10 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 417.22 526.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.55 502.10 Td ($1.5 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.66 502.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.16 502.10 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.57 502.10 Td ( in ) Tj ET Q q 0 0 0 rg BT 162.80 502.10 Td (Ag segment revenue for fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.81 502.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.81 502.10 Td ( reflects the following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 490.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 490.10 Td (Grain and oilseed revenues attributable to country operations and grain marketing totaled $16.8 billion and $17.2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 478.10 Td (billion during the years ended ) Tj ET Q q 0 0 0 rg BT 206.86 478.10 Td (August 31, 2016, and 2015, respectively) Tj ET Q q 0 0 0 rg BT 367.85 478.10 Td (. ) Tj ET Q q 0 0 0 rg BT 372.67 478.10 Td (The grain and oilseed revenue decrease of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 466.10 Td ($479.2 million \(3%\) was attributable to $3.4 billion in lower average grain selling prices, partially of) Tj ET Q q 0 0 0 rg BT 488.55 466.10 Td (fset by an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 454.10 Td (increase in volumes of $3.0 billion. ) Tj ET Q q 0 0 0 rg BT 229.18 454.10 Td (The average sales price of all grain and oilseed commodities sold reflected a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 442.10 Td (decrease of 17%.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 430.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 430.10 Td (Our processing and food ingredients revenues were essentially flat with higher volumes of) Tj ET Q q 0 0 0 rg BT 446.89 430.10 Td (fsetting lower average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 418.10 Td (selling prices on our oilseed products. ) Tj ET Q q 0 0 0 rg BT 239.46 418.10 Td (T) Tj ET Q q 0 0 0 rg BT 244.87 418.10 Td (ypically) Tj ET Q q 0 0 0 rg BT 276.43 418.10 Td (, changes in average selling prices of oilseed products are primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 406.10 Td (driven by the average market prices of soybeans. ) Tj ET Q q 0 0 0 rg BT 283.30 406.10 Td (The increase in volumes sold is mostly due to the acquisition of a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 394.10 Td (plant late in the fourth quarter of fiscal 2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 382.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 382.10 Td (Wholesale crop nutrient revenues attributable to crop nutrients and grain marketing decreased due to lower average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 370.10 Td (fertilizer selling prices of $480.2 million and $8.7 million related to lower volumes. Our wholesale crop nutrient ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 358.10 Td (volumes decreased less than 1% and the average sales price of all fertilizers sold reflected a decline of $72.86 \(19%\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 346.10 Td (per ton.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 334.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 334.10 Td (Our renewable fuels revenue from our marketing and production operations decreased primarily as the result of a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 322.10 Td (lower average sales price of $0.21 \(12%\) per gallon. Market supply and demand forces, as well as the decline in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 310.10 Td (traditional fuel prices, drove prices lower year over year) Tj ET Q q 0 0 0 rg BT 309.57 310.10 Td (. ) Tj ET Q q 0 0 0 rg BT 314.39 310.10 Td (The impact of lower prices was partially of) Tj ET Q q 0 0 0 rg BT 486.64 310.10 Td (fset by higher ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 298.10 Td (volumes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 286.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 286.10 Td (The remaining ) Tj ET Q q 0 0 0 rg BT 146.04 286.10 Td (Ag segment product revenues related primarily to feed and farm supplies decreased mainly due to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 274.10 Td (reduced country operations retail sales and the price of ener) Tj ET Q q 0 0 0 rg BT 323.83 274.10 Td (gy-related products.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 262.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 262.10 Td (T) Tj ET Q q 0 0 0 rg BT 90.91 262.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 107.85 262.10 Td (Ag revenues include "Other" revenues which are generated from our country operations elevators and agri-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 250.10 Td (service centers that derive revenues from activities related to production agriculture. ) Tj ET Q q 0 0 0 rg BT 424.62 250.10 Td (These revenue generating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 238.10 Td (activities include grain storage, grain cleaning, fertilizer spreading, crop protection spraying and other associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 226.10 Td (services of this nature. In addition, our grain marketing operations receive "Other" revenues at our export terminals ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 214.10 Td (from activities related to loading vessels. ) Tj ET Q endstream endobj 67 0 obj <>] /Rotate 0 /Contents 68 0 R>> endobj 68 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (30) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 742.25 Td (All Other Segments) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 685.75 161.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.00 685.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.00 685.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.00 685.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 685.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 685.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.00 685.75 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 685.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.00 685.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 685.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 685.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.00 685.75 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 685.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 685.75 46.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 719.75 m 262 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 719.75 m 312 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316 719.75 m 365 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 719.75 m 417 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417 719.75 m 421 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 719.75 m 466 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 700.75 m 262 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262 719.75 m 266 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 700.75 m 312 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312 719.75 m 316 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316 700.75 m 365 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 700.75 m 417 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 700.75 m 466 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 719.75 m 512 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 700.75 m 512 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 719.75 m 516 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 719.75 m 562 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 700.75 m 562 700.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.95 723.83 Td (For) Tj ET Q q 0 0 0 rg BT 246.24 723.83 Td ( the ) Tj ET Q q 0 0 0 rg BT 260.61 723.83 Td (Y) Tj ET Q q 0 0 0 rg BT 265.50 723.83 Td (ears Ended ) Tj ET Q q 0 0 0 rg BT 305.51 723.83 Td (August 31) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.90 723.83 Td (2017 vs. 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.90 723.83 Td (2016 vs. 2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 228.50 704.81 Td (2017) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 281.50 704.81 Td (2016) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 333.00 704.81 Td (2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 379.90 704.81 Td ($ Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 427.15 704.81 Td (% Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 476.40 704.81 Td ($ Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 522.65 704.81 Td (% Change) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 129.00 689.80 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 352.40 689.81 Td (\(Dollars in thousands\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 677.15 Td (Corporate and Other revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 166.00 677.01 Td (..................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 212.50 675.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 236.75 675.00 Td (91,161) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 268.50 675.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.75 675.00 Td (90,363) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.50 675.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.75 675.00 Td (72,158) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.50 675.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.80 675.00 Td (798) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.75 675.00 Td (0.9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.80 675.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.50 675.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.75 675.00 Td (18,205) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.75 675.00 Td (25.2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.80 675.00 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 637.65 Td (Comparison of ) Tj ET Q q 0 0 0 rg BT 129.55 637.65 Td (All Other Segments r) Tj ET Q q 0 0 0 rg BT 213.33 637.65 Td (evenue for the years ended ) Tj ET Q q 0 0 0 rg BT 322.83 637.65 Td (August31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 368.11 637.65 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 388.11 637.65 Td (, and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 410.61 637.65 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 430.61 637.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 613.65 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 613.65 Td (There were no significant changes to revenue for all other segments for fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.32 613.65 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.32 613.65 Td (. Our Nitrogen Production and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 601.65 Td (Foods reportable segments represent equity method investments, and as such record earnings and allocated expenses but not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 589.65 Td (revenue. Our Nitrogen Production segment did not exist prior to fiscal 2016.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 565.65 Td (Comparison of ) Tj ET Q q 0 0 0 rg BT 129.55 565.65 Td (All Other Segments r) Tj ET Q q 0 0 0 rg BT 213.33 565.65 Td (evenue for the years ended ) Tj ET Q q 0 0 0 rg BT 322.83 565.65 Td (August31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 368.11 565.65 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 388.11 565.65 Td (, and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 410.61 565.65 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 430.61 565.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 541.65 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 541.65 Td (Corporate and Other revenue for fiscal 2016 increased due to additional interest revenue within business solutions.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 517.65 Td (Cost of Goods Sold by Segment) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 493.65 Td (Energy) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 437.15 154.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 203.00 437.15 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.00 437.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.00 437.15 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.00 437.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 437.15 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 437.15 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.00 437.15 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 437.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 437.15 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.00 437.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 437.15 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 437.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 437.15 46.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203 471.15 m 255 471.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259 471.15 m 305 471.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 471.15 m 358 471.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365 471.15 m 410 471.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 471.15 m 414 471.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 471.15 m 459 471.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203 452.15 m 255 452.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 471.15 m 259 471.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259 452.15 m 305 452.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 471.15 m 309 471.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 452.15 m 358 452.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365 452.15 m 410 452.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414 452.15 m 459 452.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 471.15 m 512 471.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 452.15 m 512 452.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 471.15 m 516 471.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 471.15 m 562 471.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 452.15 m 562 452.15 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 226.95 475.23 Td (For) Tj ET Q q 0 0 0 rg BT 239.24 475.23 Td ( the ) Tj ET Q q 0 0 0 rg BT 253.61 475.23 Td (Y) Tj ET Q q 0 0 0 rg BT 258.50 475.23 Td (ears Ended ) Tj ET Q q 0 0 0 rg BT 298.51 475.23 Td (August 31) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.90 475.23 Td (2017 vs. 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.40 475.23 Td (2016 vs. 2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 221.50 456.21 Td (2017) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 274.50 456.21 Td (2016) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 326.00 456.21 Td (2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 372.90 456.21 Td ($ Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 420.15 456.21 Td (% Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 472.90 456.21 Td ($ Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 522.65 456.21 Td (% Change) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 125.50 441.20 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 348.90 441.21 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 428.41 Td (Cost of goods sold) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 120.75 428.41 Td (...................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 205.50 426.40 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 219.75 426.40 Td (5,998,958) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 261.50 426.40 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 269.75 426.40 Td (5,043,676) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.50 426.40 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.75 426.40 Td (7,522,319) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.50 426.40 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.75 426.40 Td (955,282) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.75 426.40 Td (18.9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.80 426.40 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.50 426.40 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.10 426.40 Td (\(2,478,643) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 508.80 426.40 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.45 426.40 Td (\(33.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 552.15 426.40 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 398.65 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 398.65 Td (The following table and commentary present the primary reasons for the changes in cost of goods sold \("COGS"\) for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 386.65 Td (the Ener) Tj ET Q q 0 0 0 rg BT 82.91 386.65 Td (gy segment for each of the years ended ) Tj ET Q q 0 0 0 rg BT 241.18 386.65 Td (August 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.58 386.65 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.58 386.65 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.51 386.65 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.51 386.65 Td (, compared to the prior year:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 349.15 349.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 349.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.00 349.15 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.00 349.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.00 349.15 81.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 319.15 349.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 319.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.00 319.15 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.00 319.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.00 319.15 81.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 364.15 m 562 364.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402 364.15 m 477 364.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402 304.15 m 477 304.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402 290.15 m 477 290.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402 288.15 m 477 288.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 304.15 m 562 304.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 290.15 m 562 290.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 288.15 m 562 288.15 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.40 368.23 Td (2017 vs. 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.40 368.23 Td (2016 vs. 2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 451.70 353.21 Td (\(Dollars in millions\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 340.41 Td (Volume) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 79.50 340.41 Td (............................................................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.50 338.40 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.80 338.40 Td (221) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.50 338.40 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.10 338.40 Td (\(556) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 338.40 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 325.41 Td (Price) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 325.41 Td (................................................................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.80 323.40 Td (692) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 323.40 Td (\(1,901) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 323.40 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 310.41 Td (Other*) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 77.25 310.41 Td (.............................................................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.80 308.40 Td (42) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 548.10 308.40 Td (\(22) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 308.40 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 295.55 Td (Total change in Energy cost of goods sold) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 210.00 295.41 Td (..................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.50 293.40 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.80 293.40 Td (955) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.50 293.40 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 293.40 Td (\(2,479) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 293.40 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 280.05 Td (* Other includes r) Tj ET Q q 0 0 0 rg BT 107.64 280.05 Td (etail and non-commodity type activities.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 256.05 Td (Comparison of Ener) Tj ET Q q 0 0 0 rg BT 148.80 256.05 Td (gy segment COGS for the years ended ) Tj ET Q q 0 0 0 rg BT 303.86 256.05 Td (August31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 349.14 256.05 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 369.14 256.05 Td (, and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 391.64 256.05 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 411.64 256.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 232.05 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.55 232.05 Td ($1.0 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.66 232.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.16 232.05 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.91 232.05 Td ( in Ener) Tj ET Q q 0 0 0 rg BT 180.39 232.05 Td (gy segment COGS for fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.20 232.05 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.20 232.05 Td ( reflects the following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 220.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 220.05 Td (Refined fuels cost of goods sold increased $806.9 million \(20%\), which reflects a $0.21 \(14%\) per gallon rise in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 208.05 Td (average cost of refined fuels and a 5% volume increase.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 196.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 196.05 Td (The increase in propane cost of goods sold of $95.9 million was attributable to a 2% rise in volumes and an increase in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 184.05 Td (average cost of $0.17 \(28%\) per gallon, these increases were partially of) Tj ET Q q 0 0 0 rg BT 374.37 184.05 Td (fset by certain manufacturing changes that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 172.05 Td (reduced costs of goods sold by $46.0 million.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 148.05 Td (Comparison of Ener) Tj ET Q q 0 0 0 rg BT 148.80 148.05 Td (gy segment COGS for the years ended ) Tj ET Q q 0 0 0 rg BT 303.86 148.05 Td (August31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 349.14 148.05 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 369.14 148.05 Td (, and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 391.64 148.05 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 411.64 148.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 124.05 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.55 124.05 Td ($2.5 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.66 124.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.16 124.05 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.57 124.05 Td ( in Ener) Tj ET Q q 0 0 0 rg BT 182.05 124.05 Td (gy segment COGS for fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.86 124.05 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.86 124.05 Td ( reflects the following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 112.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 112.05 Td (Refined fuels cost of goods sold decreased $1.8 billion \(30%\), which reflects a $0.52 \(24%\) per gallon reduction in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 100.05 Td (average cost of refined fuels and a 7% decrease in volumes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 88.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 88.05 Td (The propane cost of goods sold decreased $432.3 million \(47%\), primarily from an average cost decline of $0.38 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 76.05 Td (\(37%\) per gallon and a 16% decrease in volumes.) Tj ET Q endstream endobj 69 0 obj <>] /Rotate 0 /Contents 70 0 R>> endobj 70 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (31) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 742.25 Td (Ag) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 685.75 147.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 196.00 685.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.00 685.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 252.00 685.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.00 685.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.00 685.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.00 685.75 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 685.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.00 685.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.00 685.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.00 685.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.00 685.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 685.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 685.75 46.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 196 719.75 m 248 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 719.75 m 298 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302 719.75 m 351 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 719.75 m 403 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403 719.75 m 407 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407 719.75 m 452 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 196 700.75 m 248 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 719.75 m 252 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 700.75 m 298 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298 719.75 m 302 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302 700.75 m 351 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 700.75 m 403 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407 700.75 m 452 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456 719.75 m 512 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456 700.75 m 512 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 719.75 m 516 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 719.75 m 562 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 700.75 m 562 700.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 219.95 723.83 Td (For) Tj ET Q q 0 0 0 rg BT 232.24 723.83 Td ( the ) Tj ET Q q 0 0 0 rg BT 246.61 723.83 Td (Y) Tj ET Q q 0 0 0 rg BT 251.50 723.83 Td (ears Ended ) Tj ET Q q 0 0 0 rg BT 291.51 723.83 Td (August 31) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.90 723.83 Td (2017 vs. 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.90 723.83 Td (2016 vs. 2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 214.50 704.81 Td (2017) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 267.50 704.81 Td (2016) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 319.00 704.81 Td (2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 365.90 704.81 Td ($ Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 413.15 704.81 Td (% Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 469.40 704.81 Td ($ Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 522.65 704.81 Td (% Change) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 122.00 689.80 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 345.40 689.81 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 677.01 Td (Cost of goods sold) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 120.50 677.01 Td (................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 198.50 675.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 208.75 675.00 Td (24,982,729) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 254.50 675.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 258.75 675.00 Td (24,341,576) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.50 675.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.75 675.00 Td (25,567,530) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.50 675.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.75 675.00 Td (641,153) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.75 675.00 Td (2.6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.80 675.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.50 675.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.10 675.00 Td (\(1,225,954) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 508.80 675.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.45 675.00 Td (\(4.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 552.15 675.00 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 647.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 647.25 Td (The following table and commentary present the primary reasons for the changes in COGS for the ) Tj ET Q q 0 0 0 rg BT 480.39 647.25 Td (Ag segment for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 635.25 Td (each of the years ended ) Tj ET Q q 0 0 0 rg BT 145.29 635.25 Td (August 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.68 635.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.68 635.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.62 635.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.62 635.25 Td (, compared to the prior year:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 597.75 349.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 597.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.00 597.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.00 597.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.00 597.75 81.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 567.75 349.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 567.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.00 567.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.00 567.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.00 567.75 81.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 612.75 m 562 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402 612.75 m 477 612.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402 552.75 m 477 552.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402 538.75 m 477 538.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402 536.75 m 477 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 552.75 m 562 552.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 538.75 m 562 538.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481 536.75 m 562 536.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.40 616.83 Td (2017 vs. 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.40 616.83 Td (2016 vs. 2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 451.70 601.81 Td (\(Dollars in millions\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 589.01 Td (Volume) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 79.50 589.01 Td (............................................................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.50 587.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.80 587.00 Td (791) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.50 587.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 587.00 Td (3,963) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 574.01 Td (Price) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 574.01 Td (................................................................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.10 572.00 Td (\(484) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.80 572.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 572.00 Td (\(5,077) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 572.00 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 559.01 Td (Other*) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 77.25 559.01 Td (.............................................................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.80 557.00 Td (334) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.10 557.00 Td (\(112) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 557.00 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 544.15 Td (Total change in Ag cost of goods sold) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 192.00 544.01 Td (..........................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.50 542.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.80 542.00 Td (641) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.50 542.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 542.00 Td (\(1,226) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 542.00 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 528.65 Td (* Other includes r) Tj ET Q q 0 0 0 rg BT 107.64 528.65 Td (etail and non-commodity type activities. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 504.65 Td (Comparison of ) Tj ET Q q 0 0 0 rg BT 129.55 504.65 Td (Ag segment COGS for the years ended ) Tj ET Q q 0 0 0 rg BT 286.28 504.65 Td (August31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 331.56 504.65 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 351.56 504.65 Td (, and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 374.06 504.65 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 394.06 504.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 480.65 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.55 480.65 Td ($641.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.44 480.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.94 480.65 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.69 480.65 Td ( in ) Tj ET Q q 0 0 0 rg BT 173.92 480.65 Td (Ag segment COGS for fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.96 480.65 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.96 480.65 Td ( reflects the following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 468.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 468.65 Td (Grain and oilseed cost of goods sold attributable to country operations and grain marketing totaled $17.7 billion and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 456.65 Td ($16.6 billion during the years ended ) Tj ET Q q 0 0 0 rg BT 231.86 456.65 Td (August 31, 2017, and 2016, respectively) Tj ET Q q 0 0 0 rg BT 392.85 456.65 Td (. ) Tj ET Q q 0 0 0 rg BT 397.67 456.65 Td (The costs of grains and oilseed procured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 444.65 Td (through our ) Tj ET Q q 0 0 0 rg BT 134.39 444.65 Td (Ag segment increased $1.1 billion. ) Tj ET Q q 0 0 0 rg BT 276.12 444.65 Td (The majority of the addition was driven by a higher average cost per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 432.65 Td (bushel of $0.89 \(2%\), which accounted for $299.8 million of the increase and a 5% elevation in volumes of $806.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 420.65 Td (million. ) Tj ET Q q 0 0 0 rg BT 119.21 420.65 Td (The average month-end market price per bushel of soybeans and spring wheat increased, while corn decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 408.65 Td (slightly compared to the prior year) Tj ET Q q 0 0 0 rg BT 223.52 408.65 Td (. ) Tj ET Q q 0 0 0 rg BT 228.34 408.65 Td (The increase in volumes was due to a lar) Tj ET Q q 0 0 0 rg BT 390.88 408.65 Td (ge U.S. crop production. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 396.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 396.65 Td (Processing and food ingredients cost of goods sold decreased $205.9 million \(13%\) and is comprised of a $178.5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 384.65 Td (million decline due to the sale of an international location in the prior year) Tj ET Q q 0 0 0 rg BT 382.50 384.65 Td (, plus $268.9 million in lower volumes, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 372.65 Td (partially of) Tj ET Q q 0 0 0 rg BT 129.47 372.65 Td (fset by $268.8 million from a lower average cost of oilseeds purchased for further processing. Changes in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 360.65 Td (cost are typically driven by the market price of soybeans purchased. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 348.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 348.65 Td (Wholesale crop nutrients cost of goods sold attributable to crop nutrients and grain marketing decreased by $93.1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 336.65 Td (million \(5%\), caused primarily by a decline of 16%, or $366.0 million, in average cost per ton of product. ) Tj ET Q q 0 0 0 rg BT 510.21 336.65 Td (The drop ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 324.65 Td (was partially of) Tj ET Q q 0 0 0 rg BT 147.52 324.65 Td (fset by an increase of 14%, or $272.9 million, in tons sold. ) Tj ET Q q 0 0 0 rg BT 383.97 324.65 Td (The increase in volumes and decrease in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 312.65 Td (prices paid for goods were due to better market conditions compared to the prior year) Tj ET Q q 0 0 0 rg BT 426.65 312.65 Td (, as well as beneficial changes in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 300.65 Td (supply chain management.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 288.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 288.65 Td (Renewable fuels cost of goods sold decreased $9.8 million \(less than 1%\) resulting from a volume decline of 4%, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 276.65 Td (which was partially of) Tj ET Q q 0 0 0 rg BT 174.46 276.65 Td (fset by an increase in the average cost per gallon of $0.06 \(4%\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 264.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 264.65 Td (The remaining ) Tj ET Q q 0 0 0 rg BT 146.04 264.65 Td (Ag segment product cost of goods sold, primarily feed and farm supplies, decreased $516.9 million due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 252.65 Td (to a reduction in country operations retail sales and the purchase price of plant food and sunflower) Tj ET Q q 0 0 0 rg BT 478.15 252.65 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 240.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 240.65 Td (T) Tj ET Q q 0 0 0 rg BT 90.91 240.65 Td (otal ) Tj ET Q q 0 0 0 rg BT 107.85 240.65 Td (Ag cost of goods sold include "Other" cost of goods sold, which are generated from our country operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 228.65 Td (elevators and agri-service centers that incur costs from activities related to production agriculture. ) Tj ET Q q 0 0 0 rg BT 479.05 228.65 Td (These cost of goods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 216.65 Td (sold activities include grain storage, grain cleaning, fertilizer spreading, crop protection spraying and other associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 204.65 Td (services of this nature. In addition, our grain marketing operations incur "Other" costs at our export terminals from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 192.65 Td (activities related to loading vessels. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 168.65 Td (Comparison of ) Tj ET Q q 0 0 0 rg BT 129.55 168.65 Td (Ag segment COGS for the years ended ) Tj ET Q q 0 0 0 rg BT 286.28 168.65 Td (August31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 331.56 168.65 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 351.56 168.65 Td (, and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 374.06 168.65 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 394.06 168.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 144.65 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.55 144.65 Td ($1.2 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.66 144.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.16 144.65 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.57 144.65 Td ( in ) Tj ET Q q 0 0 0 rg BT 162.80 144.65 Td (Ag segment COGS for fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.84 144.65 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.84 144.65 Td ( reflects the following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 132.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 132.65 Td (Grain and oilseed cost of goods sold attributable to country operations and grain marketing totaled $16.6 billion and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 120.65 Td ($16.8 billion during the years ended ) Tj ET Q q 0 0 0 rg BT 231.86 120.65 Td (August 31, 2016 and 2015, respectively) Tj ET Q q 0 0 0 rg BT 390.35 120.65 Td (. ) Tj ET Q q 0 0 0 rg BT 395.17 120.65 Td (The costs of grains and oilseed procured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 108.65 Td (decreased $269.5 million. ) Tj ET Q q 0 0 0 rg BT 191.13 108.65 Td (The majority of the decrease was driven by a lower average cost per bushel of $0.98 \(16%\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 96.65 Td (which accounted for $3.2 billion of the decrease, partially of) Tj ET Q q 0 0 0 rg BT 327.17 96.65 Td (fset by a 17% increase in volumes of $2.9 billion. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 84.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 84.65 Td (Processing and food ingredients cost of goods sold increased $36.9 million \(2%\) and is comprised of $879.2 million in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 72.65 Td (higher volumes, partially of) Tj ET Q q 0 0 0 rg BT 196.40 72.65 Td (fset by $815.0 million from a lower average cost of oilseeds purchased for further ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 60.65 Td (processing. Changes in cost are typically driven by the market price of soybeans purchased. ) Tj ET Q endstream endobj 71 0 obj <>] /Rotate 0 /Contents 72 0 R>> endobj 72 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 742.10 Td (Wholesale crop nutrients cost of goods sold decreased $361.2 million \(15%\). ) Tj ET Q q 0 0 0 rg BT 396.08 742.10 Td (This is attributable to crop nutrients and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 730.10 Td (grain marketing decreases of 15% in average cost per ton and a decrease in the tons sold of less than 1%. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 718.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 718.10 Td (Renewable fuels cost of goods sold decreased $172.5 million \(1) Tj ET Q q 0 0 0 rg BT 340.63 718.10 Td (1%\) and is comprised of a decline in the average cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 706.10 Td (per gallon of $0.21 \(12%\), which was partially of) Tj ET Q q 0 0 0 rg BT 283.04 706.10 Td (fset by an increase in volumes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 694.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 694.10 Td (The remaining ) Tj ET Q q 0 0 0 rg BT 146.04 694.10 Td (Ag segment product cost of goods sold, primarily feed and farm supplies, decreased $321.6 million due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 682.10 Td (to a reduction in country operations retail sales and the purchase price of ener) Tj ET Q q 0 0 0 rg BT 395.48 682.10 Td (gy related products.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 670.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 670.10 Td (T) Tj ET Q q 0 0 0 rg BT 90.91 670.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 107.85 670.10 Td (Ag cost of goods sold include "Other" cost of goods sold, which are generated from our country operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 658.10 Td (elevators and agri-service centers that incur costs from activities related to production agriculture. ) Tj ET Q q 0 0 0 rg BT 479.05 658.10 Td (These cost of goods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 646.10 Td (sold activities include grain storage, grain cleaning, fertilizer spreading, crop protection spraying and other associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 634.10 Td (services of this nature. In addition, our grain marketing operations incur "Other" costs at our export terminals from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 622.10 Td (activities related to loading vessels. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 598.10 Td (All Other Segments) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 541.60 161.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.00 541.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.00 541.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.00 541.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 541.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 541.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.00 541.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 541.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.00 541.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 541.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 541.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.00 541.60 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 541.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 541.60 46.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 575.6 m 262 575.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 575.6 m 312 575.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316 575.6 m 365 575.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 575.6 m 417 575.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417 575.6 m 421 575.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 575.6 m 466 575.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 556.6 m 262 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262 575.6 m 266 575.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 556.6 m 312 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312 575.6 m 316 575.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316 556.6 m 365 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 556.6 m 417 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 556.6 m 466 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 575.6 m 512 575.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 556.6 m 512 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 575.6 m 516 575.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 575.6 m 562 575.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 556.6 m 562 556.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.95 579.68 Td (For) Tj ET Q q 0 0 0 rg BT 246.24 579.68 Td ( the ) Tj ET Q q 0 0 0 rg BT 260.61 579.68 Td (Y) Tj ET Q q 0 0 0 rg BT 265.50 579.68 Td (ears Ended ) Tj ET Q q 0 0 0 rg BT 305.51 579.68 Td (August 31) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.90 579.68 Td (2017 vs. 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.90 579.68 Td (2016 vs. 2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 228.50 560.66 Td (2017) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 281.50 560.66 Td (2016) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 333.00 560.66 Td (2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 379.90 560.66 Td ($ Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 427.15 560.66 Td (% Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 476.40 560.66 Td ($ Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 522.65 560.66 Td (% Change) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 129.00 545.65 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 352.40 545.66 Td (\(Dollars in thousands\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 533.00 Td (Nitrogen Production COGS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 159.25 532.86 Td (.....................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 212.50 530.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 244.10 530.85 Td (\(538) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 258.80 530.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 268.50 530.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 290.75 530.85 Td (2,222) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.50 530.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.80 530.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.50 530.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.10 530.85 Td (\(2,760) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.80 530.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 435.45 530.85 Td (\(124.2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.15 530.85 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.50 530.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.75 530.85 Td (2,222) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 546.50 530.85 Td (NM) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 518.00 Td (Corporate and Other COGS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 161.50 517.86 Td (....................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 212.50 515.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 240.80 515.85 Td (4,361) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 268.50 515.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 296.80 515.85 Td (431) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.50 515.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.75 515.85 Td (1,827) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.50 515.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.75 515.85 Td (3,930) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.15 515.85 Td (911.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.80 515.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.50 515.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.10 515.85 Td (\(1,396) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 508.80 515.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.45 515.85 Td (\(76.4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 552.15 515.85 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 500.10 Td (NM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 500.10 Td ( - Not meaningful ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 476.10 Td (Comparison of ) Tj ET Q q 0 0 0 rg BT 129.55 476.10 Td (All Other Segments COGS for the years ended ) Tj ET Q q 0 0 0 rg BT 317.67 476.10 Td (August31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 362.95 476.10 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 382.95 476.10 Td (, and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 405.45 476.10 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 425.45 476.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 452.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 452.10 Td (There were no significant changes to COGS for our Nitrogen Production segment for fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.18 452.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.18 452.10 Td (. ) Tj ET Q q 0 0 0 rg BT 478.00 452.10 Td (The increase in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 440.10 Td (COGS for Corporate and Other for fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.84 440.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.84 440.10 Td ( was due to increased commission expense as a result of higher volumes of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 428.10 Td (transactions in business solutions. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 404.10 Td (Comparison of ) Tj ET Q q 0 0 0 rg BT 129.55 404.10 Td (All Other Segments COGS for the years ended ) Tj ET Q q 0 0 0 rg BT 317.67 404.10 Td (August31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 362.95 404.10 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 382.95 404.10 Td (, and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 405.45 404.10 Td (2015) Tj ET Q BT /F3 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 380.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 380.10 Td (There were no significant changes to COGS for Corporate and Other for fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.78 380.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.78 380.10 Td (. Our Nitrogen Production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 368.10 Td (segment, which has COGS related to our commodity hedges, was not created until February 2016, and therefore there are no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 356.10 Td (COGS for our Nitrogen Production segment during fiscal 2015.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 332.10 Td (Marketing, General and ) Tj ET Q q 0 0 0 rg BT 155.05 332.10 Td (Administrative Expenses) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 275.60 161.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.00 275.60 52.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.00 275.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.00 275.60 46.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 275.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 275.60 49.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.00 275.60 7.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 275.60 45.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.00 275.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 275.60 45.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 275.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.00 275.60 42.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 275.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 275.60 46.00 -24.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 309.6 m 262 309.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 309.6 m 312 309.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316 309.6 m 365 309.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 309.6 m 417 309.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417 309.6 m 421 309.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 309.6 m 466 309.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 290.6 m 262 290.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262 309.6 m 266 309.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 290.6 m 312 290.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312 309.6 m 316 309.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316 290.6 m 365 290.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 290.6 m 417 290.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 290.6 m 466 290.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 309.6 m 512 309.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 290.6 m 512 290.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 309.6 m 516 309.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 309.6 m 562 309.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 290.6 m 562 290.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.95 313.68 Td (For) Tj ET Q q 0 0 0 rg BT 246.24 313.68 Td ( the ) Tj ET Q q 0 0 0 rg BT 260.61 313.68 Td (Y) Tj ET Q q 0 0 0 rg BT 265.50 313.68 Td (ears Ended ) Tj ET Q q 0 0 0 rg BT 305.51 313.68 Td (August 31) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.90 313.68 Td (2017 vs. 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.90 313.68 Td (2016 vs. 2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 228.50 294.66 Td (2017) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 281.50 294.66 Td (2016) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 333.00 294.66 Td (2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 379.90 294.66 Td ($ Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 427.15 294.66 Td (% Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 476.40 294.66 Td ($ Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 522.65 294.66 Td (% Change) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 129.00 279.65 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 352.40 279.66 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 266.86 Td (Marketing, general and administrative) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 257.86 Td (expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 85.00 257.86 Td (......................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 212.50 255.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 232.75 255.85 Td (604,359) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 268.50 255.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 282.75 255.85 Td (601,261) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.50 255.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.75 255.85 Td (642,309) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.50 255.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.75 255.85 Td (3,098) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.75 255.85 Td (0.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.80 255.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.50 255.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.10 255.85 Td (\(41,048) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 508.80 255.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.45 255.85 Td (\(6.4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 552.15 255.85 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 228.10 Td (Comparison of marketing, general and administrative expenses for the years ended ) Tj ET Q q 0 0 0 rg BT 403.38 228.10 Td (August31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 448.66 228.10 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 468.66 228.10 Td (, and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 491.16 228.10 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 511.16 228.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 204.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.55 204.10 Td ($3.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.44 204.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.94 204.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.69 204.10 Td ( in marketing, general and administrative expenses for fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 204.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.50 204.10 Td ( reflects the following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 192.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 192.10 Td (Primarily higher compensation expense, including incentive compensation accruals and separation expenses associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 180.10 Td (with the departure of our former chief executive of) Tj ET Q q 0 0 0 rg BT 270.56 180.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 288.33 180.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 168.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 168.10 Td (The increase was partially of) Tj ET Q q 0 0 0 rg BT 182.82 168.10 Td (fset by decreases in foreign currency exchange expenses and management focus on cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 156.10 Td (containment.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 132.10 Td (Comparison of marketing, general and administrative expenses for the years ended ) Tj ET Q q 0 0 0 rg BT 403.38 132.10 Td (August31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 448.66 132.10 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 468.66 132.10 Td (, and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 491.16 132.10 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 511.16 132.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 108.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 108.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.55 108.10 Td ($41.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.44 108.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.94 108.10 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.35 108.10 Td ( in marketing, general and administrative expenses for fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.16 108.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.16 108.10 Td ( is primarily due to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 96.10 Td (reduced compensation expense, including a significant reduction of incentive compensation accruals.) Tj ET Q endstream endobj 73 0 obj <>] /Rotate 0 /Contents 74 0 R>> endobj 74 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (33) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 742.25 Td (Reserve and Impairment Charges) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 685.75 161.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.00 685.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.00 685.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.00 685.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 685.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 685.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.00 685.75 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 685.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.00 685.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 685.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 685.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.00 685.75 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 685.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 685.75 46.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 719.75 m 262 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 719.75 m 312 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316 719.75 m 365 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 719.75 m 417 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417 719.75 m 421 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 719.75 m 466 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 700.75 m 262 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262 719.75 m 266 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 700.75 m 312 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312 719.75 m 316 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316 700.75 m 365 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 700.75 m 417 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 700.75 m 466 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 719.75 m 512 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 700.75 m 512 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 719.75 m 516 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 719.75 m 562 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 700.75 m 562 700.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.95 723.83 Td (For) Tj ET Q q 0 0 0 rg BT 246.24 723.83 Td ( the ) Tj ET Q q 0 0 0 rg BT 260.61 723.83 Td (Y) Tj ET Q q 0 0 0 rg BT 265.50 723.83 Td (ears Ended ) Tj ET Q q 0 0 0 rg BT 305.51 723.83 Td (August 31) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.90 723.83 Td (2017 vs. 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.90 723.83 Td (2016 vs. 2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 228.50 704.81 Td (2017) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 281.50 704.81 Td (2016) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 333.00 704.81 Td (2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 379.90 704.81 Td ($ Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 427.15 704.81 Td (% Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 476.40 704.81 Td ($ Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 522.65 704.81 Td (% Change) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 129.00 689.80 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 352.40 689.81 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 677.01 Td (Reserve and impairment charges) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 170.50 677.01 Td (................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 212.50 675.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 232.75 675.00 Td (456,679) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 268.50 675.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.75 675.00 Td (47,836) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.50 675.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.75 675.00 Td (133,045) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.50 675.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.75 675.00 Td (408,843) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.75 675.00 Td (854.7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.80 675.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.50 675.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.10 675.00 Td (\(85,209) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 508.80 675.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.45 675.00 Td (\(64.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 552.15 675.00 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 647.25 Td (Comparison of r) Tj ET Q q 0 0 0 rg BT 133.25 647.25 Td (eserve and impairment char) Tj ET Q q 0 0 0 rg BT 245.36 647.25 Td (ges for the years ended ) Tj ET Q q 0 0 0 rg BT 340.43 647.25 Td (August31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 385.71 647.25 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 405.71 647.25 Td (, and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 428.21 647.25 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 448.21 647.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 623.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.55 623.25 Td ($408.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.44 623.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.94 623.25 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.69 623.25 Td ( in reserve and impairment char) Tj ET Q q 0 0 0 rg BT 288.40 623.25 Td (ges for fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.55 623.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.55 623.25 Td ( reflects the following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 611.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 611.25 Td (A) Tj ET Q q 0 0 0 rg BT 74.17 611.25 Td ( Brazil trading partner in our ) Tj ET Q q 0 0 0 rg BT 190.80 611.25 Td (Ag segment entering into bankruptcy-like proceedings under Brazilian law during fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 599.25 Td (2017, which resulted in char) Tj ET Q q 0 0 0 rg BT 180.90 599.25 Td (ges of $229.4 million.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 587.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 587.25 Td (The loan loss reserve expense in our ) Tj ET Q q 0 0 0 rg BT 214.96 587.25 Td (Ag segment specific to a single producer borrower increased $81.0 million when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 575.25 Td (compared to the prior year) Tj ET Q q 0 0 0 rg BT 173.01 575.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 563.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 563.25 Td (Char) Tj ET Q q 0 0 0 rg BT 86.76 563.25 Td (ges of $1) Tj ET Q q 0 0 0 rg BT 123.05 563.25 Td (10.6 million related to the impairment of long-lived assets and goodwill in our ) Tj ET Q q 0 0 0 rg BT 438.55 563.25 Td (Ag segment during fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 551.25 Td (2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 539.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 539.25 Td (An impairment char) Tj ET Q q 0 0 0 rg BT 147.85 539.25 Td (ge in our Ener) Tj ET Q q 0 0 0 rg BT 204.59 539.25 Td (gy segment of $32.7 million associated with the cancellation of a capital project during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 527.25 Td (fiscal 2017. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 515.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 515.25 Td (These increases were partially of) Tj ET Q q 0 0 0 rg BT 198.92 515.25 Td (fset by decreases in bad debt expense related to other domestic and international areas of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 503.25 Td (the business when compared to fiscal 2016.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 479.25 Td (Comparison of r) Tj ET Q q 0 0 0 rg BT 133.25 479.25 Td (eserve and impairment char) Tj ET Q q 0 0 0 rg BT 245.36 479.25 Td (ges for the years ended ) Tj ET Q q 0 0 0 rg BT 340.43 479.25 Td (August31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 385.71 479.25 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 405.71 479.25 Td (, and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 428.21 479.25 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 448.21 479.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 455.25 Td (Reserve and impairment char) Tj ET Q q 0 0 0 rg BT 166.77 455.25 Td (ges for fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.92 455.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.92 455.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.42 455.25 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.83 455.25 Td (d ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.33 455.25 Td ($85.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.22 455.25 Td ( as a result of:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 443.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 443.25 Td (In fiscal 2015 there was a $1) Tj ET Q q 0 0 0 rg BT 182.09 443.25 Td (16.5 million char) Tj ET Q q 0 0 0 rg BT 250.51 443.25 Td (ge related to our decision not to proceed with the development of a nitrogen ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 431.25 Td (fertilizer plant in Spiritwood, North Dakota, which did not reoccur in fiscal 2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 419.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 419.25 Td (The remaining fiscal 2016 char) Tj ET Q q 0 0 0 rg BT 192.27 419.25 Td (ges relate to a net increase in receivables specific reserves related to an international ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 407.25 Td (customer and a domestic customer) Tj ET Q q 0 0 0 rg BT 205.39 407.25 Td (, along with increased costs related to prior year acquisitions included for the full year in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 395.25 Td (fiscal 2016.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 371.25 Td (Gain \(Loss\) on Investments) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 314.75 161.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.00 314.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.00 314.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.00 314.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 314.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 314.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.00 314.75 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 314.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.00 314.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 314.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 314.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.00 314.75 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 314.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 314.75 46.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 348.75 m 262 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 348.75 m 312 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316 348.75 m 365 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 348.75 m 417 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417 348.75 m 421 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 348.75 m 466 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 329.75 m 262 329.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262 348.75 m 266 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 329.75 m 312 329.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312 348.75 m 316 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316 329.75 m 365 329.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 329.75 m 417 329.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 329.75 m 466 329.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 348.75 m 512 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 329.75 m 512 329.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 348.75 m 516 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 348.75 m 562 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 329.75 m 562 329.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.95 352.83 Td (For) Tj ET Q q 0 0 0 rg BT 246.24 352.83 Td ( the ) Tj ET Q q 0 0 0 rg BT 260.61 352.83 Td (Y) Tj ET Q q 0 0 0 rg BT 265.50 352.83 Td (ears Ended ) Tj ET Q q 0 0 0 rg BT 305.51 352.83 Td (August 31) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.90 352.83 Td (2017 vs. 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.90 352.83 Td (2016 vs. 2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 228.50 333.81 Td (2017) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 281.50 333.81 Td (2016) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 333.00 333.81 Td (2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 379.90 333.81 Td ($ Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 427.15 333.81 Td (% Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 476.40 333.81 Td ($ Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 522.65 333.81 Td (% Change) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 129.00 318.80 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 352.40 318.81 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 306.01 Td (Gain \(loss\) on investments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 148.00 306.01 Td (..........................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 212.50 304.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 238.10 304.00 Td (\(4,569) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 258.80 304.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 268.50 304.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 290.75 304.00 Td (9,252) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.50 304.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.75 304.00 Td (5,239) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.50 304.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.10 304.00 Td (\(13,821) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.80 304.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 435.45 304.00 Td (\(149.4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.15 304.00 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.50 304.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.75 304.00 Td (4,013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.75 304.00 Td (76.6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.80 304.00 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 276.25 Td (Comparison of gain \(loss\) on investments for the years ended ) Tj ET Q q 0 0 0 rg BT 315.63 276.25 Td (August31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 360.91 276.25 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 380.91 276.25 Td (, and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 403.41 276.25 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 423.41 276.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 252.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 252.25 Td (The decrease in gain \(loss\) on investments is mainly attributable to the sale of an international investment during fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 240.25 Td (2017 which resulted in a loss, along with fiscal 2016 gains on bond transactions specific to our international operations that did ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 228.25 Td (not reoccur during fiscal 2017.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 204.25 Td (Comparison of gain \(loss\) on investments for the years ended ) Tj ET Q q 0 0 0 rg BT 315.63 204.25 Td (August31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 360.91 204.25 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 380.91 204.25 Td (, and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 403.41 204.25 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 423.41 204.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 180.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 180.25 Td (The increase in gain \(loss\) on investments is mainly attributable to gains on bond transactions specific to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 168.25 Td (international operations.) Tj ET Q endstream endobj 75 0 obj <>] /Rotate 0 /Contents 76 0 R>> endobj 76 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (34) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 742.25 Td (Inter) Tj ET Q q 0 0 0 rg BT 70.98 742.25 Td (est Expense) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 685.75 161.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.00 685.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 685.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.00 685.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.00 685.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 685.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 685.75 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.00 685.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 685.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.00 685.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 685.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 685.75 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 685.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.00 685.75 46.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211 719.75 m 263 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 719.75 m 313 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 719.75 m 366 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 719.75 m 418 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 719.75 m 422 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 719.75 m 467 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211 700.75 m 263 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 719.75 m 267 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 700.75 m 313 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 719.75 m 317 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 700.75 m 366 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 700.75 m 418 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 700.75 m 467 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 719.75 m 513 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 700.75 m 513 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 719.75 m 517 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517 719.75 m 563 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517 700.75 m 563 700.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 234.95 723.83 Td (For) Tj ET Q q 0 0 0 rg BT 247.24 723.83 Td ( the ) Tj ET Q q 0 0 0 rg BT 261.61 723.83 Td (Y) Tj ET Q q 0 0 0 rg BT 266.50 723.83 Td (ears Ended ) Tj ET Q q 0 0 0 rg BT 306.51 723.83 Td (August 31) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.90 723.83 Td (2017 vs. 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.90 723.83 Td (2016 vs. 2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 229.50 704.81 Td (2017) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 282.50 704.81 Td (2016) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 334.00 704.81 Td (2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 380.90 704.81 Td ($ Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 428.15 704.81 Td (% Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 477.40 704.81 Td ($ Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 523.65 704.81 Td (% Change) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 130.00 689.80 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 353.40 689.81 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 677.01 Td (Interest expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 110.75 677.01 Td (...........................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 213.50 675.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 233.75 675.00 Td (171,239) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 269.50 675.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.75 675.00 Td (113,704) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.50 675.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.75 675.00 Td (70,659) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 375.50 675.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.75 675.00 Td (57,535) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.75 675.00 Td (50.6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.80 675.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.50 675.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.75 675.00 Td (43,045) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.75 675.00 Td (60.9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.80 675.00 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 647.25 Td (Comparison of inter) Tj ET Q q 0 0 0 rg BT 148.25 647.25 Td (est expense for the years ended ) Tj ET Q q 0 0 0 rg BT 275.24 647.25 Td (August31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 320.52 647.25 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 340.52 647.25 Td (, and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 363.02 647.25 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 383.02 647.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 623.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 623.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.55 623.25 Td ($57.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.44 623.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.94 623.25 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.69 623.25 Td ( in interest expense for fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.43 623.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.43 623.25 Td ( was due to higher interest expense of $34.0 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 611.25 Td (associated with higher debt balances, as well as lower capitalized interest of $23.5 million associated with our ongoing capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 599.25 Td (projects.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 575.25 Td (Comparison of inter) Tj ET Q q 0 0 0 rg BT 148.25 575.25 Td (est expense for the years ended ) Tj ET Q q 0 0 0 rg BT 275.24 575.25 Td (August31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 320.52 575.25 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 340.52 575.25 Td (, and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 363.02 575.25 Td (2015) Tj ET Q BT /F3 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 551.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.55 551.25 Td ($43.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.44 551.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.94 551.25 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.69 551.25 Td ( in interest expense for fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.43 551.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.43 551.25 Td ( reflects the following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 539.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 539.25 Td (Approximately $50.9 million of the increase was related to interest expense associated with increased debt balances in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 527.25 Td (fiscal 2016 as well as lower capitalized interest of $26.9 million associated with our ongoing capital projects.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 515.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 515.25 Td (The above increases were partially of) Tj ET Q q 0 0 0 rg BT 234.97 515.25 Td (fset by $34.8 million associated with a reduction in patronage earned by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 503.25 Td (noncontrolling interest of NCRA) Tj ET Q q 0 0 0 rg BT 216.88 503.25 Td ( \(now known as CHS McPherson\). ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 479.25 Td (Other) Tj ET Q q 0 0 0 rg BT 74.87 479.25 Td ( Income \(Loss\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 422.75 161.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.00 422.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.00 422.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.00 422.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.00 422.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 422.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 422.75 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.00 422.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 422.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.00 422.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 422.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.00 422.75 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 422.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.00 422.75 46.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211 456.75 m 263 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 456.75 m 313 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 456.75 m 366 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 456.75 m 418 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 456.75 m 422 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 456.75 m 467 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211 437.75 m 263 437.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263 456.75 m 267 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 437.75 m 313 437.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313 456.75 m 317 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 437.75 m 366 437.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 437.75 m 418 437.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 437.75 m 467 437.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 456.75 m 513 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 437.75 m 513 437.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 456.75 m 517 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517 456.75 m 563 456.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517 437.75 m 563 437.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 234.95 460.83 Td (For) Tj ET Q q 0 0 0 rg BT 247.24 460.83 Td ( the ) Tj ET Q q 0 0 0 rg BT 261.61 460.83 Td (Y) Tj ET Q q 0 0 0 rg BT 266.50 460.83 Td (ears Ended ) Tj ET Q q 0 0 0 rg BT 306.51 460.83 Td (August 31) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.90 460.83 Td (2017 vs. 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.90 460.83 Td (2016 vs. 2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 229.50 441.81 Td (2017) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 282.50 441.81 Td (2016) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 334.00 441.81 Td (2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 380.90 441.81 Td ($ Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 428.15 441.81 Td (% Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 477.40 441.81 Td ($ Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 523.65 441.81 Td (% Change) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 130.00 426.80 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 353.40 426.81 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 414.01 Td (Other income \(loss\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 124.25 414.01 Td (.....................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 213.50 412.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.75 412.00 Td (95,415) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 269.50 412.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 287.75 412.00 Td (38,357) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.50 412.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.75 412.00 Td (10,326) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 375.50 412.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.75 412.00 Td (57,058) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.75 412.00 Td (148.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.80 412.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.50 412.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.75 412.00 Td (28,031) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.75 412.00 Td (271.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.80 412.00 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 384.25 Td (Comparison of other income \(loss\) for the years ended ) Tj ET Q q 0 0 0 rg BT 288.68 384.25 Td (August31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 333.96 384.25 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 353.96 384.25 Td (, and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 376.46 384.25 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 396.46 384.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 360.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.55 360.25 Td ($57.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.44 360.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.94 360.25 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.69 360.25 Td ( in other income \(loss\) for fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.49 360.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.49 360.25 Td ( reflects the following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 348.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 348.25 Td (Higher financing fees associated with various customer activities and receivables totaling $27.8 million. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 336.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 336.25 Td (A) Tj ET Q q 0 0 0 rg BT 92.17 336.25 Td ( gain recorded of $30.5 million associated with an embedded derivative within the contract relating to our strategic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 324.25 Td (investment in CF Nitrogen. See Note 12, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 251.32 324.25 Td (Derivative Financial Instruments and Hedging ) Tj ET Q q 0 0 0 rg BT 441.38 324.25 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.59 324.25 Td (, of the notes to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 312.25 Td (consolidated financial statements that are included in this ) Tj ET Q q 0 0 0 rg BT 316.54 312.25 Td (Annual Report on Form 10-K for additional information. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 288.25 Td (Comparison of other income \(loss\) for the years ended ) Tj ET Q q 0 0 0 rg BT 288.68 288.25 Td (August31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 333.96 288.25 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 353.96 288.25 Td (, and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 376.46 288.25 Td (2015) Tj ET Q BT /F3 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 264.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 264.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.55 264.25 Td ($28.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.44 264.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.94 264.25 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.69 264.25 Td ( in other income \(loss\) for fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.49 264.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.49 264.25 Td ( is related to higher financing fees received from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 252.25 Td (various customer activities and receivables. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 228.25 Td (Equity Income \(Loss\) fr) Tj ET Q q 0 0 0 rg BT 151.26 228.25 Td (om Investments) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 171.75 161.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.00 171.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.00 171.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.00 171.75 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 171.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 171.75 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.00 171.75 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 171.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.00 171.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 171.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 171.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.00 171.75 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 171.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 171.75 46.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 205.75 m 262 205.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 205.75 m 312 205.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316 205.75 m 365 205.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 205.75 m 417 205.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417 205.75 m 421 205.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 205.75 m 466 205.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 186.75 m 262 186.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262 205.75 m 266 205.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 186.75 m 312 186.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312 205.75 m 316 205.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316 186.75 m 365 186.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 186.75 m 417 186.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 186.75 m 466 186.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 205.75 m 512 205.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 186.75 m 512 186.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 205.75 m 516 205.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 205.75 m 562 205.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 186.75 m 562 186.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.95 209.83 Td (For) Tj ET Q q 0 0 0 rg BT 246.24 209.83 Td ( the ) Tj ET Q q 0 0 0 rg BT 260.61 209.83 Td (Y) Tj ET Q q 0 0 0 rg BT 265.50 209.83 Td (ears Ended ) Tj ET Q q 0 0 0 rg BT 305.51 209.83 Td (August 31) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.90 209.83 Td (2017 vs. 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.90 209.83 Td (2016 vs. 2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 228.50 190.81 Td (2017) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 281.50 190.81 Td (2016) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 333.00 190.81 Td (2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 379.90 190.81 Td ($ Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 427.15 190.81 Td (% Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 476.40 190.81 Td ($ Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 522.65 190.81 Td (% Change) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 129.00 175.80 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 352.40 175.81 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 163.01 Td (Equity income \(loss\) from investments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 193.00 163.01 Td (......) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 212.50 161.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 232.75 161.00 Td (137,338) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 268.50 161.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 282.75 161.00 Td (175,777) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.50 161.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.75 161.00 Td (107,850) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.50 161.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.10 161.00 Td (\(38,439) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.80 161.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.45 161.00 Td (\(21.9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.15 161.00 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.50 161.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.75 161.00 Td (67,927) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.75 161.00 Td (63.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.80 161.00 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 133.25 Td (Comparison of equity income \(loss\) fr) Tj ET Q q 0 0 0 rg BT 219.06 133.25 Td (om investments for the years ended ) Tj ET Q q 0 0 0 rg BT 362.18 133.25 Td (August31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 407.46 133.25 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 427.46 133.25 Td (, and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 449.96 133.25 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 469.96 133.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 109.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 109.25 Td (Equity income \(loss\) from investments for fiscal 2017 primarily decreased due to lower equity income recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 97.25 Td (from our equity method investments in ) Tj ET Q q 0 0 0 rg BT 207.63 97.25 Td (V) Tj ET Q q 0 0 0 rg BT 213.74 97.25 Td (entura Foods and CF Nitrogen caused by lower mar) Tj ET Q q 0 0 0 rg BT 420.74 97.25 Td (gins, which was partially of) Tj ET Q q 0 0 0 rg BT 531.37 97.25 Td (fset by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 85.25 Td (higher equity income recognized from our equity method investments in ) Tj ET Q q 0 0 0 rg BT 341.47 85.25 Td (TEMCO and ) Tj ET Q q 0 0 0 rg BT 395.35 85.25 Td (Ardent Mills. See Note 4, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 500.62 85.25 Td (Investments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.83 85.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 73.25 Td (the notes to the consolidated financial statements that are included in this ) Tj ET Q q 0 0 0 rg BT 343.87 73.25 Td (Annual Report on Form 10-K for additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 61.25 Td (information. ) Tj ET Q q 0 0 0 rg BT 101.53 61.25 Td (W) Tj ET Q q 0 0 0 rg BT 110.17 61.25 Td (e also recorded $20.2 million of impairments related to international investments as a result of continued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 49.25 Td (downward pressures in the agricultural markets. ) Tj ET Q q 0 0 0 rg BT 243.98 49.25 Td (W) Tj ET Q q 0 0 0 rg BT 252.62 49.25 Td (e record equity income or loss from the investments in which we have an ) Tj ET Q endstream endobj 77 0 obj <>] /Rotate 0 /Contents 78 0 R>> endobj 78 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (ownership interest of 50% or less and have significant influence, but not control, for our proportionate share of income or loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (reported by the entity) Tj ET Q q 0 0 0 rg BT 134.66 730.10 Td (, without consolidating the revenues and expenses of the entity in our Consolidated Statements of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (Operations.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 694.10 Td (Comparison of equity income \(loss\) fr) Tj ET Q q 0 0 0 rg BT 219.06 694.10 Td (om investments for the years ended ) Tj ET Q q 0 0 0 rg BT 362.18 694.10 Td (August31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 407.46 694.10 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 427.46 694.10 Td (, and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 449.96 694.10 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 469.96 694.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 670.10 Td (Equity income \(loss\) from investments for fiscal 2016 primarily increased as a result of equity earnings recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.10 Td (from our new equity method investment in CF Nitrogen. See Note 4, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 327.23 658.10 Td (Investments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.44 658.10 Td (of the notes to the consolidated financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td (statements that are included in this ) Tj ET Q q 0 0 0 rg BT 190.02 646.10 Td (Annual Report on Form 10-K for additional information.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 622.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 83.48 622.10 Td (T) Tj ET Q q 0 0 0 rg BT 89.23 622.10 Td (axes) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 565.60 161.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.00 565.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.00 565.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.00 565.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.00 565.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 565.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.00 565.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 565.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.00 565.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 565.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.00 565.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.00 565.60 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 565.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 565.60 46.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 599.6 m 262 599.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 599.6 m 312 599.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316 599.6 m 365 599.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 599.6 m 417 599.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417 599.6 m 421 599.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 599.6 m 466 599.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 580.6 m 262 580.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262 599.6 m 266 599.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 580.6 m 312 580.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312 599.6 m 316 599.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316 580.6 m 365 580.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 580.6 m 417 580.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 580.6 m 466 580.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 599.6 m 512 599.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470 580.6 m 512 580.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 599.6 m 516 599.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 599.6 m 562 599.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 580.6 m 562 580.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.95 603.68 Td (For) Tj ET Q q 0 0 0 rg BT 246.24 603.68 Td ( the ) Tj ET Q q 0 0 0 rg BT 260.61 603.68 Td (Y) Tj ET Q q 0 0 0 rg BT 265.50 603.68 Td (ears Ended ) Tj ET Q q 0 0 0 rg BT 305.51 603.68 Td (August 31) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.90 603.68 Td (2017 vs. 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.90 603.68 Td (2016 vs. 2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 228.50 584.66 Td (2017) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 281.50 584.66 Td (2016) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 333.00 584.66 Td (2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 379.90 584.66 Td ($ Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 427.15 584.66 Td (% Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 476.40 584.66 Td ($ Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 522.65 584.66 Td (% Change) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 129.00 569.65 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 352.40 569.66 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 556.86 Td (Income taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 100.75 556.86 Td (...............................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 212.50 554.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 232.75 554.85 Td (182,075) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 268.50 554.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 290.75 554.85 Td (4,091) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.50 554.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.75 554.85 Td (12,165) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.50 554.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.75 554.85 Td (177,984) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 423.50 554.85 Td (NM) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.50 554.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.10 554.85 Td (\(8,074) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 508.80 554.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.45 554.85 Td (\(66.4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 552.15 554.85 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 539.10 Td (NM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 539.10 Td ( - Not meaningful ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 515.10 Td (Comparison of income taxes for the years ended ) Tj ET Q q 0 0 0 rg BT 263.40 515.10 Td (August31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 308.68 515.10 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 328.68 515.10 Td (, and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 351.18 515.10 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 371.18 515.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 491.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 491.10 Td (During fiscal 2017, we had an increase in income tax benefit when compared to fiscal 2016, which was primarily due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 479.10 Td (to the recognition of deferred tax benefits related to the issuance of non-qualified equity certificates in fiscal 2013 and 2014, a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 467.10 Td (tax benefit in fiscal 2017 from retaining a significant portion of the Domestic production activities deduction and the bad debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 455.10 Td (deduction in our U.S. tax returns related to the performance of guarantees caused by an approximate $229.4 million loss related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 443.10 Td (to a Brazilian trading partner entering into bankruptcy-like proceedings under Brazilian law) Tj ET Q q 0 0 0 rg BT 415.66 443.10 Td (. ) Tj ET Q q 0 0 0 rg BT 420.48 443.10 Td (The fiscal 2016 income tax benefit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 431.10 Td (related to an appeals settlement with the Internal Revenue Service that did not reoccur in fiscal 2017. ) Tj ET Q q 0 0 0 rg BT 455.84 431.10 Td (The federal and state ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 419.10 Td (statutory rate applied to nonpatronage business activity was 38.4% and 38.3% for the years ended ) Tj ET Q q 0 0 0 rg BT 442.45 419.10 Td (August31, 2017, and 2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 407.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.16 407.10 Td (. ) Tj ET Q q 0 0 0 rg BT 101.98 407.10 Td (The income taxes and ef) Tj ET Q q 0 0 0 rg BT 199.53 407.10 Td (fective tax rate vary each year based upon profitability and nonpatronage business activity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 395.10 Td (during each of the comparable years with fiscal 2017's income tax benefit being unusually lar) Tj ET Q q 0 0 0 rg BT 423.22 395.10 Td (ge in comparison to income before ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 383.10 Td (taxes.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 67.50 359.10 Td (Comparison of income taxes for the years ended ) Tj ET Q q 0 0 0 rg BT 263.40 359.10 Td (August31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 308.68 359.10 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 328.68 359.10 Td (, and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 351.18 359.10 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 371.18 359.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 335.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 335.10 Td (During fiscal 2016, we had a decrease in income tax benefit when compared to fiscal 2015, which was primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 323.10 Td (driven by an appeals settlement with the Internal Revenue Service for a fiscal 2007 and 2006 tax matter) Tj ET Q q 0 0 0 rg BT 463.53 323.10 Td (. ) Tj ET Q q 0 0 0 rg BT 468.35 323.10 Td (The fiscal 2015 income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 311.10 Td (tax benefit related to the issuance of non-qualified equity certificates in fiscal 2013 and 2014 and from the recognition of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 299.10 Td (Kansas tax credits generated by CHS McPherson that did not reoccur in fiscal 2016. ) Tj ET Q q 0 0 0 rg BT 388.40 299.10 Td (The federal and state statutory rate applied ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 287.10 Td (to nonpatronage business activity was 38.3% and 38.1% for the years ended ) Tj ET Q q 0 0 0 rg BT 355.54 287.10 Td (August31, 2016, and 2015, respectively) Tj ET Q q 0 0 0 rg BT 516.53 287.10 Td (. ) Tj ET Q q 0 0 0 rg BT 521.35 287.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 275.10 Td (income taxes and ef) Tj ET Q q 0 0 0 rg BT 129.01 275.10 Td (fective tax rate vary each year based upon profitability and nonpatronage business activity during each of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 263.10 Td (the comparable years.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 227.10 Td (Liquidity and Capital Resour) Tj ET Q q 0 0 0 rg BT 175.68 227.10 Td (ces ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 209.10 Td (Summary) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 191.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 191.10 Td (In assessing our financial condition, we consider factors such as working capital and internal benchmarking related to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 179.10 Td (our applicable covenants and other financial criteria. ) Tj ET Q q 0 0 0 rg BT 262.50 179.10 Td (W) Tj ET Q q 0 0 0 rg BT 271.14 179.10 Td (e fund our operations primarily through a combination of cash flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 167.10 Td (from operations and revolving credit facilities. ) Tj ET Q q 0 0 0 rg BT 238.37 167.10 Td (W) Tj ET Q q 0 0 0 rg BT 247.01 167.10 Td (e fund our capital expenditures and growth primarily through cash, operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 155.10 Td (cash flow and long-term debt financing.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 137.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 137.10 Td (On ) Tj ET Q q 0 0 0 rg BT 100.17 137.10 Td (August31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.56 137.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.56 137.10 Td (, and ) Tj ET Q q 0 0 0 rg BT 187.95 137.10 Td (August31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.34 137.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.34 137.10 Td (, we had working capital, defined as current assets less current liabilities, of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 125.10 Td ($181.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.89 125.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.33 125.10 Td ($414.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.22 125.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 239.88 125.10 Td (. ) Tj ET Q q 0 0 0 rg BT 244.70 125.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.75 125.10 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.16 125.10 Td ( in working capital was driven primarily by the decrease in our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 113.10 Td (accounts receivable and cash balances. Our current ratio, defined as current assets divided by current liabilities, was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.93 113.10 Td (1.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.43 113.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.87 113.10 Td (1.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.37 113.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 101.10 Td (as of ) Tj ET Q q 0 0 0 rg BT 71.11 101.10 Td (August31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 101.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.50 101.10 Td (, and ) Tj ET Q q 0 0 0 rg BT 158.89 101.10 Td (August31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.28 101.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.28 101.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 277.94 101.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 83.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 83.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.89 83.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.28 83.10 Td (, we had cash and cash equivalents of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.73 83.10 Td ($181.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.62 83.10 Td (, total equities of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.33 83.10 Td ($7.9 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.44 83.10 Td (, long-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 71.10 Td (debt of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.55 71.10 Td ($2.2 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.66 71.10 Td ( and notes payable of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.13 71.10 Td ($2.0 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.24 71.10 Td (. Our capital allocation priorities include maintaining the safety and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 59.10 Td (compliance of our operations, paying our dividends, reducing funded debt and taking advantage of strategic opportunities that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 47.10 Td (benefit our owners. ) Tj ET Q q 0 0 0 rg BT 129.79 47.10 Td (W) Tj ET Q q 0 0 0 rg BT 138.43 47.10 Td (e expect the down cycle in the ) Tj ET Q q 0 0 0 rg BT 261.44 47.10 Td (Ag industry to continue and while we maintain appropriate levels of ) Tj ET Q endstream endobj 79 0 obj <>] /Rotate 0 /Contents 80 0 R>> endobj 80 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (liquidity) Tj ET Q q 0 0 0 rg BT 83.24 742.10 Td (, we will continue to consider opportunities to further diversify and enhance our sources and amounts of liquidity) Tj ET Q q 0 0 0 rg BT 535.26 742.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (These opportunities include reducing operating expenses, deploying and/or financing working capital more ef) Tj ET Q q 0 0 0 rg BT 488.85 730.10 Td (ficiently and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (identifying and disposing of nonstrategic or underperforming assets. ) Tj ET Q q 0 0 0 rg BT 325.60 718.10 Td (W) Tj ET Q q 0 0 0 rg BT 334.23 718.10 Td (e believe that cash generated by operating activities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (along with available borrowing capacity under our credit facilities, will be suf) Tj ET Q q 0 0 0 rg BT 361.38 706.10 Td (ficient to support our operations for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (foreseeable future and we expect to remain in compliance with our loan covenants. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 676.10 Td (In connection with the losses caused by a trading partner of ours in Brazil entering into bankruptcy-like proceedings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (under Brazilian law) Tj ET Q q 0 0 0 rg BT 128.21 664.10 Td (, we intend to fund a total of approximately $170.0 million in loan guarantees to our Brazilian operations in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (the first nine months of fiscal 2018. It is our intention to fund these loan guarantees through a combination of sources including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (cash flow and the liquidity enhancement actions noted above.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (Fiscal ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 78.06 622.10 Td (2017) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 98.06 622.10 Td ( and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 118.62 622.10 Td (2016) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 138.62 622.10 Td ( ) Tj ET Q q 0 0 0 rg BT 140.75 622.10 Td (Activity) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 604.10 Td (On July 18, 2017, we amended an existingreceivables and loans securitization facility \(Securitization Facility or the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td ("Facility"\) with certain unaf) Tj ET Q q 0 0 0 rg BT 162.11 592.10 Td (filiated financial institutions \(the "Purchasers"\). Under the Securitization Facility) Tj ET Q q 0 0 0 rg BT 485.38 592.10 Td (, CHS Capital and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (CHS both sell eligible trade account and notes receivable \(Receivables\) they have originated to Cofina Funding, LLC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (\(Cofina Funding\), a wholly-owned bankruptcy-remote indirect subsidiary of CHS. Cofina Funding in turn sells the purchased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (Receivables in their entirety to the Purchasers. Prior to amending the Securitization Facility in July 2017, the transfer of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (Receivables was accounted for as a secured borrowing. Under the terms of the amended Securitization Facility) Tj ET Q q 0 0 0 rg BT 492.52 544.10 Td (, CHS accounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (for Receivables sold under the facility as a sale of financial assets and derecognizes the sold Receivables from its Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (Balance Sheets. ) Tj ET Q q 0 0 0 rg BT 115.63 520.10 Td (The amount available under the Facility fluctuates over time based on the total amount of eligible Receivables ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (generated during the normal course of business, with maximum availability of $700.0 million. ) Tj ET Q q 0 0 0 rg BT 428.82 508.10 Td (As of) Tj ET Q q 0 0 0 rg BT 452.71 508.10 Td (August31, 2017, the total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (availability under the Securitization Facility was$618.0 million, all of which had been utilized. ) Tj ET Q q 0 0 0 rg BT 433.89 496.10 Td (The Securitization Facility had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (previously been amended in July 2016, which had increased total availability under the Facility to $850.0 million. ) Tj ET Q q 0 0 0 rg BT 508.05 484.10 Td (The amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (of funding outstanding against our securitized Receivables at ) Tj ET Q q 0 0 0 rg BT 296.04 472.10 Td (August 31, 2016 was $550.0 million.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 454.10 Td (The Facility agreement contains certain customary representations and warranties and af) Tj ET Q q 0 0 0 rg BT 439.56 454.10 Td (firmative covenants, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (as to the eligibility of the Receivables being sold, and contains customary program termination events and non-reinvestment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (events. ) Tj ET Q q 0 0 0 rg BT 80.37 430.10 Td (W) Tj ET Q q 0 0 0 rg BT 89.00 430.10 Td (e were in compliance with all covenants associated with our Securitization Facility as of) Tj ET Q q 0 0 0 rg BT 443.90 430.10 Td (August 31, 2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 406.10 Td (In February 2016, we invested $2.8 billion in CF Nitrogen, commencing our strategic venture with CF Industries. ) Tj ET Q q 0 0 0 rg BT 542.69 406.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (investment consists of an 1) Tj ET Q q 0 0 0 rg BT 157.95 394.10 Td (1.4% membership interest \(based on product tons\) in CF Nitrogen; and an associated 80-year supply ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (agreement that entitles us to purchase up to 1.1 million tons of granular urea and 580,000 tons of urea ammonium nitrate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (annually from CF Nitrogen for ratable delivery) Tj ET Q q 0 0 0 rg BT 237.63 370.10 Td (. ) Tj ET Q q 0 0 0 rg BT 242.45 370.10 Td (The investment was financed through operating cash flow) Tj ET Q q 0 0 0 rg BT 473.67 370.10 Td (, the issuance of long-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (term debt, preferred stock proceeds and available cash.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 340.10 Td (In January 2016, we consummated a private placement of long-term notes in the aggregate principal amount of $680.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (million with certain accredited investors, which long-term notes are layered into six series. See Note 7, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 464.04 328.10 Td (Notes Payable and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (Long-T) Tj ET Q q 0 0 0 rg BT 78.54 316.10 Td (erm Debt, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.03 316.10 Td (of the notes to consolidated financial statements that are included in this ) Tj ET Q q 0 0 0 rg BT 411.50 316.10 Td (Annual Report on Form 10-K for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (additional information.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 280.10 Td (In December 2015, we entered into three bilateral, uncommitted revolving credit facilities with an aggregate capacity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (of $1.3 billion. ) Tj ET Q q 0 0 0 rg BT 111.39 268.10 Td (As of ) Tj ET Q q 0 0 0 rg BT 135.28 268.10 Td (August31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.67 268.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.67 268.10 Td (, one bilateral agreement remained with capacity of $250 million. ) Tj ET Q q 0 0 0 rg BT 465.47 268.10 Td (Amounts borrowed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (under these short-term lines are used to fund our working capital. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 232.10 Td ( In September 2015, we amended and restated our primary committed line of credit, which is a $3.0 billion five-year) Tj ET Q q 0 0 0 rg BT 551.57 232.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (unsecured revolving credit facility with a syndication of domestic and international banks that expires in September 2020. ) Tj ET Q q 0 0 0 rg BT 540.24 220.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (outstanding balance on this facility was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.52 208.10 Td ($480.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.41 208.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.85 208.10 Td ($700.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.74 208.10 Td ( as of ) Tj ET Q q 0 0 0 rg BT 371.35 208.10 Td (August31, 2017 and 2016, respectively) Tj ET Q q 0 0 0 rg BT 529.84 208.10 Td (. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (addition, we entered into a ten-year term loan with a syndication of banks for up to $600.0 million. ) Tj ET Q q 0 0 0 rg BT 447.78 196.10 Td (The full amount under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td (term loan was drawn down in January 2016. ) Tj ET Q q 0 0 0 rg BT 229.13 184.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.02 184.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.41 184.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.41 184.10 Td ($300.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.31 184.10 Td ( of principal under the term loan was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.10 Td (outstanding. Principal on the term loan is payable in full on September4, 2025.) Tj ET Q endstream endobj 81 0 obj <>] /Rotate 0 /Contents 82 0 R>> endobj 82 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (37) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Cash Flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 718.25 Td (The following table presents summarized cash flow data for the years ended ) Tj ET Q q 0 0 0 rg BT 392.56 718.25 Td (August 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.95 718.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.95 718.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.95 718.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.95 718.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.89 718.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.89 718.25 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 655.75 199.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.50 655.75 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 655.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 655.75 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 655.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 655.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 655.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 655.75 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 655.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 655.75 33.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 655.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 655.75 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 655.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.50 655.75 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 625.75 199.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.50 625.75 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 625.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 625.75 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 625.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 625.75 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 625.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 625.75 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 625.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 625.75 33.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 625.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 625.75 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 625.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.50 625.75 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 587.75 199.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.50 587.75 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 587.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 587.75 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 587.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 587.75 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 587.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 587.75 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 587.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 587.75 33.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 587.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 587.75 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 522.50 587.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.50 587.75 35.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 689.75 m 437.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 689.75 m 441.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 689.75 m 474.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 670.75 m 292.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 670.75 m 340.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 670.75 m 389.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 670.75 m 437.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 670.75 m 474.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 689.75 m 478.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 689.75 m 522.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 670.75 m 522.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 522.5 689.75 m 526.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526.5 689.75 m 561.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526.5 670.75 m 561.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 587.75 m 292.5 587.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 587.75 m 340.5 587.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 587.75 m 389.5 587.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 574.75 m 292.5 574.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 572.75 m 292.5 572.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 574.75 m 340.5 574.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 572.75 m 340.5 572.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 574.75 m 389.5 574.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 572.75 m 389.5 572.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 587.75 m 437.5 587.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 574.75 m 437.5 574.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 572.75 m 437.5 572.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 587.75 m 474.5 587.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 574.75 m 474.5 574.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 572.75 m 474.5 572.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 587.75 m 522.5 587.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 574.75 m 522.5 574.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 572.75 m 522.5 572.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526.5 587.75 m 561.5 587.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526.5 574.75 m 561.5 574.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526.5 572.75 m 561.5 572.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.90 693.83 Td (2017 vs. 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 496.90 693.83 Td (2016 vs. 2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 263.00 674.81 Td (2017) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 311.00 674.81 Td (2016) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 359.50 674.81 Td (2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 400.90 674.81 Td ($ Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 454.00 681.81 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 446.00 674.81 Td (Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 485.90 674.81 Td ($ Change) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 540.00 681.81 Td (%) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 532.00 674.81 Td (Change) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 148.50 659.80 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 371.40 659.81 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 647.01 Td (Net cash provided by \(used in\) operating activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 233.75 647.01 Td (.....) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.00 645.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.25 645.00 Td (932,994) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.00 645.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.25 645.00 Td (1,263,498) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.00 645.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.25 645.00 Td (570,010) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.00 645.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 405.60 645.00 Td (\(330,504) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.30 645.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.95 645.00 Td (\(26) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.65 645.00 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.00 645.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 493.25 645.00 Td (693,488) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.60 645.00 Td (122) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.30 645.00 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 632.01 Td (Net cash provided by \(used in\) investing activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 233.75 632.01 Td (.....) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 260.60 630.00 Td (\(405,041) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 289.30 630.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.60 630.00 Td (\(3,746,971) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.30 630.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.60 630.00 Td (\(1,908,668) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 386.30 630.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.25 630.00 Td (3,341,930) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.60 630.00 Td (89) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 630.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.60 630.00 Td (\(1,838,303) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 630.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.95 630.00 Td (\(96) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.65 630.00 Td (\)%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 617.01 Td (Net cash provided by \(used in\) financing activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 233.75 617.01 Td (.....) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 260.60 615.00 Td (\(621,193) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 289.30 615.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.25 615.00 Td (1,814,196) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.25 615.00 Td (153,828) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.60 615.00 Td (\(2,435,389) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.30 615.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.50 615.00 Td (\(134\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.25 615.00 Td (1,660,368) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.60 615.00 Td (1,079) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.30 615.00 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 602.01 Td (Effect of exchange rate changes on cash and cash) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 593.01 Td (equivalents) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 94.25 593.01 Td (...................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 268.60 592.00 Td (\(4,694) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 289.30 592.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.60 592.00 Td (\(5,223) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.30 592.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.25 592.00 Td (5,436) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.25 592.00 Td (529) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.60 592.00 Td (10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 592.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.60 592.00 Td (\(10,659) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.30 592.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.95 592.00 Td (\(196) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.65 592.00 Td (\)%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 579.01 Td (Net increase \(decrease\) in cash and cash equivalents) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 240.50 579.01 Td (..) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.00 578.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 264.60 578.00 Td (\(97,934) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 289.30 578.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.00 578.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 308.60 578.00 Td (\(674,500) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.30 578.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.00 578.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.60 578.00 Td (\(1,179,394) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 386.30 578.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.00 578.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.25 578.00 Td (576,566) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.60 578.00 Td (85) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 578.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.00 578.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 493.25 578.00 Td (504,894) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 543.65 578.00 Td (43) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.30 578.00 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 550.25 Td (Fiscal Y) Tj ET Q q 0 0 0 rg BT 118.14 550.25 Td (ear ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 133.97 550.25 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 153.97 550.25 Td ( Compar) Tj ET Q q 0 0 0 rg BT 188.88 550.25 Td (ed to Fiscal Y) Tj ET Q q 0 0 0 rg BT 243.24 550.25 Td (ear ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 259.07 550.25 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 279.07 550.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (Cash from operating activities for fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.62 526.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.62 526.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.12 526.25 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.53 526.25 Td (d ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.03 526.25 Td ($330.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.92 526.25 Td (, primarily due to the following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 514.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 514.25 Td (Increases in inventory resulting from increased commodity prices and volumes on hand. On ) Tj ET Q q 0 0 0 rg BT 455.35 514.25 Td (August31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.74 514.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.74 514.25 Td (, the per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 502.25 Td (bushel market prices of two of our primary grain commodities, spring wheat and corn, increased by $1.33 \(27%\) and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 490.25 Td ($0.41 \(14%\), respectively) Tj ET Q q 0 0 0 rg BT 188.65 490.25 Td (, when compared to the spot prices on ) Tj ET Q q 0 0 0 rg BT 342.23 490.25 Td (August31, 2016. ) Tj ET Q q 0 0 0 rg BT 413.44 490.25 Td (The per bushel market price of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 478.25 Td (third primary commodity) Tj ET Q q 0 0 0 rg BT 186.44 478.25 Td (, soybeans, decreased by $0.24 \(2%\) when compared to the spot price on ) Tj ET Q q 0 0 0 rg BT 479.69 478.25 Td (August 31, 2016. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 466.25 Td (general, crude oil market prices increased $2.53 \(6%\) per barrel on ) Tj ET Q q 0 0 0 rg BT 355.60 466.25 Td (August 31, 2017, when compared to ) Tj ET Q q 0 0 0 rg BT 502.81 466.25 Td (August31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 454.25 Td (2016. Partially of) Tj ET Q q 0 0 0 rg BT 155.53 454.25 Td (fsetting grain prices, fertilizer commodity prices af) Tj ET Q q 0 0 0 rg BT 358.89 454.25 Td (fecting our wholesale crop nutrients and country ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 442.25 Td (operations retail businesses reflected decreases of up to 14%, depending on the specific products, compared to prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 430.25 Td (on ) Tj ET Q q 0 0 0 rg BT 97.95 430.25 Td (August31, 2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 418.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 418.25 Td (Lower net income due to increased reserve and impairment char) Tj ET Q q 0 0 0 rg BT 342.65 418.25 Td (ges within our ) Tj ET Q q 0 0 0 rg BT 401.82 418.25 Td (Ag and Ener) Tj ET Q q 0 0 0 rg BT 452.17 418.25 Td (gy segments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.05 394.25 Td ($3.3 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.16 394.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.66 394.25 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.41 394.25 Td ( in cash from investing activities for fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.48 394.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.48 394.25 Td ( reflects the following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 382.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 382.25 Td (Our $2.8 billion investment in CF Nitrogen completed in fiscal 2016 which didn't reoccur in fiscal 2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 370.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 370.25 Td (Reduced acquisitions of property) Tj ET Q q 0 0 0 rg BT 217.82 370.25 Td (, plant and equipment and other business acquisitions. ) Tj ET Q q 0 0 0 rg BT 435.93 370.25 Td (The significant decrease in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 358.25 Td (acquisitions of property) Tj ET Q q 0 0 0 rg BT 180.33 358.25 Td (, plant and equipment was primarily related to our plan to reduce our capital investments to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 346.25 Td (allow us to actively reduce our funded debt obligations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 334.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 334.25 Td (Net cash proceeds of $7.9 million related to the sale of Receivables associated with the Securitization Facility) Tj ET Q q 0 0 0 rg BT 524.38 334.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (Cash from financing activities for fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.62 310.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.62 310.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.12 310.25 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.53 310.25 Td (d ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.03 310.25 Td ($2.4 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.14 310.25 Td (, primarily due to the following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 298.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 298.25 Td (Proceeds from issuances of debt instruments related primarily to the financing of the CF Nitrogen investment in fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 286.25 Td (2016 which didn't reoccur in fiscal 2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 274.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 274.25 Td (The decrease above was partially of) Tj ET Q q 0 0 0 rg BT 229.36 274.25 Td (fset by reduced payments of cash patronage in fiscal 2017 and the final contingent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 262.25 Td (payment of the noncontrolling interest in CHS McPherson made in fiscal 2016.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 238.25 Td (Fiscal Y) Tj ET Q q 0 0 0 rg BT 118.14 238.25 Td (ear ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 133.97 238.25 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 153.97 238.25 Td ( Compar) Tj ET Q q 0 0 0 rg BT 188.88 238.25 Td (ed to Fiscal Y) Tj ET Q q 0 0 0 rg BT 243.24 238.25 Td (ear ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 259.07 238.25 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 279.07 238.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 214.25 Td (Cash from operating activities for fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.62 214.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.62 214.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.12 214.25 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.87 214.25 Td (d ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.37 214.25 Td ($693.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.26 214.25 Td (, primarily due to declines in inventory and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (other current assets resulting from decreased commodity prices. On ) Tj ET Q q 0 0 0 rg BT 322.14 202.25 Td (August31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.53 202.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.53 202.25 Td (, the per bushel market prices of two of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (primary grain commodities, corn and spring wheat, decreased by $0.90 \(23%\) and $0.1) Tj ET Q q 0 0 0 rg BT 398.42 190.25 Td (1 \(2%\), respectively) Tj ET Q q 0 0 0 rg BT 478.57 190.25 Td (, when compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (the spot prices on ) Tj ET Q q 0 0 0 rg BT 122.21 178.25 Td (August31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.60 178.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.60 178.25 Td (. ) Tj ET Q q 0 0 0 rg BT 193.42 178.25 Td (The per bushel market price of our third primary commodity) Tj ET Q q 0 0 0 rg BT 435.20 178.25 Td (, soybeans, increased by $0.63 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (\(7%\) when compared to the spot price on ) Tj ET Q q 0 0 0 rg BT 217.17 166.25 Td (August 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.56 166.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.56 166.25 Td (. In general, crude oil market prices decreased $4.50 \(9%\) per barrel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (on ) Tj ET Q q 0 0 0 rg BT 61.95 154.25 Td (August 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.34 154.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.34 154.25 Td (, when compared to ) Tj ET Q q 0 0 0 rg BT 209.15 154.25 Td (August31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.54 154.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.54 154.25 Td (. Comparing the same periods, fertilizer commodity prices af) Tj ET Q q 0 0 0 rg BT 519.17 154.25 Td (fecting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (our wholesale crop nutrients and country operations retail businesses reflected decreases of up to 34%, depending on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (specific products, compared to prices on ) Tj ET Q q 0 0 0 rg BT 213.56 130.25 Td (August31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.95 130.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.95 130.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.05 106.25 Td ($1.8 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.16 106.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.66 106.25 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.07 106.25 Td ( in cash from investing activities for fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.14 106.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.14 106.25 Td (, reflects the following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 94.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 94.25 Td (Our $2.8 billion investment in CF Nitrogen.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 82.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 82.25 Td (The decrease above was partially of) Tj ET Q q 0 0 0 rg BT 229.36 82.25 Td (fset by reduced acquisitions of property) Tj ET Q q 0 0 0 rg BT 387.27 82.25 Td (, plant and equipment and other business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 70.25 Td (acquisitions. ) Tj ET Q q 0 0 0 rg BT 138.59 70.25 Td (The significant decrease in acquisitions of property) Tj ET Q q 0 0 0 rg BT 342.88 70.25 Td (, plant and equipment was primarily related to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 58.25 Td (plan to reduce our capital investments to allow us to actively reduce our funded debt obligations.) Tj ET Q endstream endobj 83 0 obj <>] /Rotate 0 /Contents 84 0 R>> endobj 84 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 742.10 Td (Cash from financing activities for fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.62 742.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.62 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.12 742.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.87 742.10 Td (d ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.37 742.10 Td ($1.7 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.48 742.10 Td (, primarily due to proceeds from issuances of debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (instruments related primarily to the financing of the CF Nitrogen investment.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (Future Uses of Cash) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 682.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 682.10 Td (e expect to utilize cash and cash equivalents, along with cash generated by operating activities to fund capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (expenditures and payments for debt, interest, dividends and guarantees. ) Tj ET Q q 0 0 0 rg BT 338.07 670.10 Td (The following is a summary of our primary cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (requirements for fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.02 658.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.02 658.10 Td (:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 634.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 634.10 Td (Capital expenditur) Tj ET Q q 0 0 0 rg BT 160.90 634.10 Td (es.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.73 634.10 Td ( ) Tj ET Q q 0 0 0 rg BT 174.05 634.10 Td (W) Tj ET Q q 0 0 0 rg BT 182.68 634.10 Td (e expect total capital expenditures for fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.55 634.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.55 634.10 Td ( to be approximately $602.0 million, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 622.10 Td (compared to capital expenditures of $446.7 million in fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.60 622.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.60 622.10 Td (. Included in that amount for fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.67 622.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.67 622.10 Td ( is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 610.10 Td (approximately $221.0 million for the acquisition of property) Tj ET Q q 0 0 0 rg BT 326.97 610.10 Td (, plant and equipment and major repairs at our Laurel, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 598.10 Td (Montana and McPherson, Kansas refineries.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 586.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 586.10 Td (Major r) Tj ET Q q 0 0 0 rg BT 117.02 586.10 Td (epairs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.02 586.10 Td (. Refineries have planned major maintenance to overhaul, repair) Tj ET Q q 0 0 0 rg BT 398.18 586.10 Td (, inspect and replace process materials ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 574.10 Td (and equipment \(referred to as "turnaround"\) which typically occur for a five-to-six week period every 2-5 years. Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 562.10 Td (Laurel, Montana refinery has planned maintenance scheduled for fiscal 2018 for approximately $92.0 million.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 550.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 550.10 Td (Debt and inter) Tj ET Q q 0 0 0 rg BT 143.95 550.10 Td (est.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.56 550.10 Td ( ) Tj ET Q q 0 0 0 rg BT 159.88 550.10 Td (W) Tj ET Q q 0 0 0 rg BT 168.52 550.10 Td (e expect to repay approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.30 550.10 Td ($149.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.19 550.10 Td ( of long-term debt obligations and incur interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 538.10 Td (payments of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.91 538.10 Td ($87.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.81 538.10 Td ( during fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.07 538.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.07 538.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 526.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 526.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 95.63 526.10 Td (eferr) Tj ET Q q 0 0 0 rg BT 114.70 526.10 Td (ed stock dividends. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.01 526.10 Td (W) Tj ET Q q 0 0 0 rg BT 201.64 526.10 Td (e had approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.78 526.10 Td ($2.3 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.89 526.10 Td ( of preferred stock outstanding at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.30 526.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.69 526.10 Td (. ) Tj ET Q q 0 0 0 rg BT 537.51 526.10 Td (W) Tj ET Q q 0 0 0 rg BT 546.15 526.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 514.10 Td (expect to pay dividends on our preferred stock of approximately $168.7 million during fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.52 514.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.52 514.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 502.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 502.10 Td (Guarantees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.66 502.10 Td (. ) Tj ET Q q 0 0 0 rg BT 137.48 502.10 Td (W) Tj ET Q q 0 0 0 rg BT 146.12 502.10 Td (e intend to fund a total of approximately $170 million in loan guarantees to our Brazilian operations in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 490.10 Td (the next nine months as a result of losses caused by a trading partner of ours in Brazil entering into bankruptcy-like ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 478.10 Td (proceedings under Brazilian law) Tj ET Q q 0 0 0 rg BT 215.02 478.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (Future Sources of Cash) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 430.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 430.10 Td (e fund our operations primarily through a combination of cash flows from operations and committed and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (uncommitted revolving credit facilities, including our Securitization Facility) Tj ET Q q 0 0 0 rg BT 354.83 418.10 Td (. ) Tj ET Q q 0 0 0 rg BT 359.65 418.10 Td (W) Tj ET Q q 0 0 0 rg BT 368.29 418.10 Td (e believe these sources will provide adequate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (liquidity to meet our working capital needs. ) Tj ET Q q 0 0 0 rg BT 227.00 406.10 Td (W) Tj ET Q q 0 0 0 rg BT 235.64 406.10 Td (e fund certain of our long-term capital needs, primarily those related to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (acquisitions of property) Tj ET Q q 0 0 0 rg BT 144.33 394.10 Td (, plant and equipment by issuing privately placed long-term debt and term loans. In addition, our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (wholly-owned subsidiary) Tj ET Q q 0 0 0 rg BT 150.73 382.10 Td (, CHS Capital, makes loans to member cooperatives, businesses and individual producers of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (agricultural products included in our cash flows from investing activities, and has financing sources as detailed below in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 533.48 370.10 Td (CHS ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (Capital Financing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.61 358.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 334.10 Td (orking Capital Financing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 310.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 310.10 Td (e finance our working capital needs through committed and uncommitted lines of credit with domestic and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (international banks. ) Tj ET Q q 0 0 0 rg BT 131.19 298.10 Td (W) Tj ET Q q 0 0 0 rg BT 139.82 298.10 Td (e believe our current cash balances and our available capacity on our committed lines of credit will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (provide adequate liquidity to meet our working capital needs. ) Tj ET Q q 0 0 0 rg BT 298.08 286.10 Td (The following table summarizes our primary lines of credit as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (August 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.39 274.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.39 274.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.33 274.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.33 274.10 Td (: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 207.60 189.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 207.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 207.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 207.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 207.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 207.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 207.60 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 207.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 207.60 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 207.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 207.60 110.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 237.60000000000002 m 239.5 237.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 237.60000000000002 m 287.5 237.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 237.60000000000002 m 354.5 237.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 237.60000000000002 m 401.5 237.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 237.60000000000002 m 405.5 237.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 237.60000000000002 m 448.5 237.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 237.60000000000002 m 562.5 237.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 222.60000000000002 m 354.5 222.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 222.60000000000002 m 401.5 222.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 222.60000000000002 m 448.5 222.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 241.83 Td (Revolving Credit Facilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 247.00 241.83 Td (Maturities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 297.40 241.83 Td (Total Capacity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.05 249.83 Td (Borrowings) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.65 241.83 Td (Outstanding) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 483.15 241.83 Td (Interest Rates) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.50 226.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.50 226.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.50 226.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 331.70 211.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 198.06 Td (Committed Five-Year Unsecured Facility) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 202.25 197.86 Td (...............) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 256.00 198.06 Td (2020) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.00 198.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 315.00 198.06 Td (3,000,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.60 198.06 Td ($480,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 409.60 198.06 Td ($700,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.95 198.06 Td (LIBOR+0.00% to 1.45%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 184.06 Td (Uncommitted Bilateral Facilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 173.00 183.86 Td (............................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 256.00 184.06 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 321.75 184.06 Td (250,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.85 184.06 Td (250,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.85 184.06 Td (300,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.95 184.06 Td (LIBOR+0.00% to 1.05%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 162.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 162.10 Td (In addition to our primary revolving lines of credit, we have a three-year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.67 162.10 Td ($325.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.56 162.10 Td ( committed revolving pre-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 150.10 Td (export credit facility for CHS ) Tj ET Q q 0 0 0 rg BT 169.69 150.10 Td (Agronegocio Industria e Comercio Ltda \("CHS ) Tj ET Q q 0 0 0 rg BT 360.96 150.10 Td (Agronegocio"\), our wholly-owned subsidiary in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 138.10 Td (Brazil. CHS ) Tj ET Q q 0 0 0 rg BT 100.83 138.10 Td (Agronegocio uses the facility) Tj ET Q q 0 0 0 rg BT 217.65 138.10 Td (, which expires in ) Tj ET Q q 0 0 0 rg BT 290.69 138.10 Td (April 2019, to finance its working capital needs related to its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 126.10 Td (purchases and sales of grains, fertilizers and other agricultural products. ) Tj ET Q q 0 0 0 rg BT 339.35 126.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.24 126.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.63 126.10 Td (, the outstanding balance under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 114.10 Td (the facility was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.59 114.10 Td ($250.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.48 114.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 96.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 96.10 Td (In addition to our uncommitted bilateral facility above, as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.54 96.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.94 96.10 Td (, our wholly-owned subsidiaries, CHS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 84.10 Td (Europe S.a.r) Tj ET Q q 0 0 0 rg BT 99.16 84.10 Td (.l and CHS ) Tj ET Q q 0 0 0 rg BT 145.27 84.10 Td (Agronegocio, had uncommitted lines of credit with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.45 84.10 Td ($433.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.34 84.10 Td ( outstanding. In addition, our other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 72.10 Td (international subsidiaries had lines of credit with a total of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.49 72.10 Td ($168.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.38 72.10 Td ( outstanding as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.16 72.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.55 72.10 Td (, of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.32 72.10 Td ($15.4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 60.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 60.10 Td ( was collateralized. ) Tj ET Q endstream endobj 85 0 obj <>] /Rotate 0 /Contents 86 0 R>> endobj 86 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 742.10 Td (On ) Tj ET Q q 0 0 0 rg BT 100.17 742.10 Td (August 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.56 742.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.56 742.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.50 742.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.50 742.10 Td (, we had total short-term indebtedness outstanding on these various primary and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (facilities, as well as other miscellaneous short-term notes payable, in the amount of $1.7 billion and $1.8 billion, respectively) Tj ET Q q 0 0 0 rg BT 549.51 730.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 712.10 Td (Long-term Debt Financing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 694.10 Td (The following table presents summarized long-term debt data for the years ended ) Tj ET Q q 0 0 0 rg BT 413.11 694.10 Td (August 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.51 694.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.51 694.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.44 694.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.44 694.10 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 639.60 398.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 639.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 639.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 639.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 611.60 398.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 611.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 611.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 611.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 583.60 398.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 583.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 583.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 583.60 57.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 665.6 m 500.5 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 665.6 m 561.5 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 665.6 m 504.5 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 652.6 m 500.5 652.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 652.6 m 561.5 652.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 569.6 m 500.5 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 556.6 m 500.5 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 554.6 m 500.5 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 569.6 m 561.5 569.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 556.6 m 561.5 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 554.6 m 561.5 554.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.95 669.68 Td (For) Tj ET Q q 0 0 0 rg BT 463.24 669.68 Td ( the ) Tj ET Q q 0 0 0 rg BT 477.61 669.68 Td (Y) Tj ET Q q 0 0 0 rg BT 482.50 669.68 Td (ears Ended ) Tj ET Q q 0 0 0 rg BT 522.51 669.68 Td (August 31) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.50 656.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.50 656.83 Td (2016) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 248.00 643.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.20 643.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 630.17 Td (Private placement debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.00 630.17 Td (........................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 630.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.60 630.17 Td (1,643,886) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.00 630.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.60 630.17 Td (1,775,924) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 616.17 Td (Bank financing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.00 616.17 Td (....................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.10 616.17 Td (445,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 616.17 Td (345,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 602.17 Td (Capital lease obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.50 602.17 Td (.....................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 602.17 Td (33,075) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 602.17 Td (105,708) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 588.17 Td (Other notes and contract payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.00 588.17 Td (........................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 588.17 Td (62,652) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 588.17 Td (76,147) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 574.17 Td (Deferred financing costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.50 574.17 Td (.....................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.80 574.22 Td (\(4,820) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 574.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 574.22 Td (\(5,574) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 574.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 560.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.60 560.17 Td (2,179,793) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.00 560.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.60 560.17 Td (2,297,205) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 538.10 Td (Long-term debt outstanding as of ) Tj ET Q q 0 0 0 rg BT 221.25 538.10 Td (August 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.65 538.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 538.10 Td (, has aggregate maturities, excluding fair value adjustments and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (capital leases, as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 490.60 437.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 490.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 461.60 437.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 461.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 433.60 437.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 433.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 405.60 437.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 405.60 75.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 490.6 m 561.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 490.6 m 561.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 405.6 m 561.5 405.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 392.6 m 561.5 392.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 390.6 m 561.5 390.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.35 501.68 Td (\(Dollars in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 504.80 493.68 Td (thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 480.27 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.00 480.17 Td (....................................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 480.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 480.27 Td (149,050) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 466.17 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.00 466.17 Td (....................................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 466.17 Td (167,412) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 452.17 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.00 452.17 Td (....................................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 452.17 Td (31,478) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 438.17 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.00 438.17 Td (....................................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 438.17 Td (182,949) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 424.17 Td (2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.00 424.17 Td (....................................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 424.17 Td (126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 410.17 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.50 410.17 Td (...........................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 410.17 Td (1,611,385) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 396.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 396.17 Td (2,142,400) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 374.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 374.10 Td (See Note 7, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 134.88 374.10 Td (Notes Payable and Long-T) Tj ET Q q 0 0 0 rg BT 241.45 374.10 Td (erm Debt, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.94 374.10 Td (of the notes to consolidated financial statements that are included in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 362.10 Td (this ) Tj ET Q q 0 0 0 rg BT 66.40 362.10 Td (Annual Report on Form 10-K for additional information.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 344.10 Td (CHS Capital Financing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 326.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 326.10 Td (For a description of the Securitization Facility) Tj ET Q q 0 0 0 rg BT 269.75 326.10 Td (, see above in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 326.67 326.10 Td (Fiscal 2017 and 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.17 326.10 Td ( activity) Tj ET Q q 0 0 0 rg BT 446.01 326.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 308.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 308.10 Td (CHS Capital has available credit under master participation agreements with numerous counterparties. Prior to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 296.10 Td (fourth quarter of fiscal 2017, all borrowings under these agreements were accounted for as secured borrowings. During the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 284.10 Td (fourth quarter of fiscal 2017, certain of these agreements were amended resulting in the Company accounting for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 272.10 Td (participations as the sale of financial assets. ) Tj ET Q q 0 0 0 rg BT 226.61 272.10 Td (As of ) Tj ET Q q 0 0 0 rg BT 250.50 272.10 Td (August31, 2017, the remaining participations accounted for as secured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 260.10 Td (borrowings bear interest at variable rates ranging from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.47 260.10 Td (2.61%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.30 260.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.08 260.10 Td (4.45%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.91 260.10 Td (. ) Tj ET Q q 0 0 0 rg BT 339.36 260.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.25 260.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.64 260.10 Td (, the total funding commitment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 248.10 Td (under these agreements was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.40 248.10 Td ($94.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.29 248.10 Td (, of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.06 248.10 Td ($29.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.95 248.10 Td ( was borrowed.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 224.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 224.10 Td (CHS Capital sells loan commitments it has originated to ProPartners Financial \("ProPartners"\) on a recourse basis. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 212.10 Td (The total capacity for commitments under the ProPartners program is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.92 212.10 Td ($265.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.81 212.10 Td (. ) Tj ET Q q 0 0 0 rg BT 393.63 212.10 Td (The total outstanding commitments under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 200.10 Td (the program totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.81 200.10 Td ($220.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.70 200.10 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.31 200.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.70 200.10 Td (, of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.47 200.10 Td ($144.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.36 200.10 Td ( was borrowed under these commitments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 188.10 Td (with an interest rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.47 188.10 Td (2.45%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.30 188.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 164.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 164.10 Td (CHS Capital borrows funds under short-term notes issued as part of a surplus funds program. Borrowings under this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 152.10 Td (program are unsecured and bear interest at variable rates ranging from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.48 152.10 Td (0.10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.31 152.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.09 152.10 Td (0.90%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.92 152.10 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.53 152.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.92 152.10 Td (, and are due upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 140.10 Td (demand. Borrowings under these notes totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.01 140.10 Td ($1) Tj ET Q q 0 0 0 rg BT 247.64 140.10 Td (19.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.53 140.10 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.14 140.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.53 140.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 116.10 Td (Covenants) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 93.34 116.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 98.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 98.10 Td (Our long-term debt is unsecured; however) Tj ET Q q 0 0 0 rg BT 254.72 98.10 Td (, restrictive covenants under various debt agreements have requirements for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 86.10 Td (maintenance of minimum consolidated net worth and other financial ratios. ) Tj ET Q q 0 0 0 rg BT 353.34 86.10 Td (W) Tj ET Q q 0 0 0 rg BT 361.98 86.10 Td (e were in compliance with all debt covenants and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 74.10 Td (restrictions as of ) Tj ET Q q 0 0 0 rg BT 118.04 74.10 Td (August 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.43 74.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.43 74.10 Td (. Based on our current 2018 projections, we expect continued covenant compliance in the near ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 62.10 Td (term.) Tj ET Q endstream endobj 87 0 obj <>] /Rotate 0 /Contents 88 0 R>> endobj 88 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 742.10 Td (In September 2015, we amended all outstanding notes to conform the financial covenants applicable thereto to those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (of our amended and restated five-year) Tj ET Q q 0 0 0 rg BT 201.47 730.10 Td (, unsecured, revolving credit facility) Tj ET Q q 0 0 0 rg BT 345.77 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 350.59 730.10 Td (The amended notes provide that if our ratio of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (consolidated funded debt to consolidated cash flow is greater than 3.0 to 1.0, the interest rate on all outstanding notes will be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (increased by 0.25% until the ratio becomes 3.0 or less. During both fiscal 2017 and 2016, our ratio of funded debt to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (consolidated cash flow remained below 3.0 to 1.0.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (Patronage and Equity Redemptions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 658.10 Td (In accordance with our bylaws and upon approval of our Board of Directors, annual net earnings from patronage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (sources are distributed to consenting patrons following the close of each fiscal year) Tj ET Q q 0 0 0 rg BT 382.12 646.10 Td (. For the year ended ) Tj ET Q q 0 0 0 rg BT 463.76 646.10 Td (August 31, 2017, our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (Board of Directors authorized only non-qualified distributions, with no cash patronage. For the years ended ) Tj ET Q q 0 0 0 rg BT 481.84 634.10 Td (August 31, 2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (2015, and 2014, the cash portion of the qualified distributions was deemed by our Board of Directors to be 40%. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 604.10 Td (The following table presents estimated patronage data for the year ending ) Tj ET Q q 0 0 0 rg BT 382.28 604.10 Td (August 31, 2018, and actual patronage data ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (for the years ended ) Tj ET Q q 0 0 0 rg BT 128.30 592.10 Td (August 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.69 592.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.69 592.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.69 592.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.69 592.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.63 592.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.63 592.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 541.60 358.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 541.60 34.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 541.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 541.60 34.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 541.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 541.60 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.50 541.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.50 541.60 36.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 511.60 358.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 511.60 34.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 511.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 511.60 34.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 511.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 511.60 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.50 511.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.50 511.60 36.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 556.6 m 441.5 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 556.6 m 480.5 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 556.6 m 520.5 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 556.6 m 561.5 556.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 511.6 m 441.5 511.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 497.6 m 441.5 497.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 495.6 m 441.5 495.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 511.6 m 480.5 511.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 497.6 m 480.5 497.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 495.6 m 480.5 495.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 511.6 m 520.5 511.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 497.6 m 520.5 497.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 495.6 m 520.5 495.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 511.6 m 561.5 511.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 497.6 m 561.5 497.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 495.6 m 561.5 495.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.00 560.83 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.00 560.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.50 560.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 535.00 560.83 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.00 546.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.95 545.83 Td (\(Dollars in millions\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 532.17 Td (Patronage Distributed in Cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.00 532.17 Td (............................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.00 530.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.30 530.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 449.00 530.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.30 530.85 Td (103.9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.00 530.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.30 530.85 Td (251.7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.00 530.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.30 530.85 Td (271.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 517.17 Td (Patronage Distributed in Equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.00 517.17 Td (..........................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 515.85 Td (126.3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.30 515.85 Td (153.6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.30 515.85 Td (375.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.30 515.85 Td (550.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 502.17 Td (Total Patronage Distributed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.00 502.17 Td (................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.00 500.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 500.85 Td (126.3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 449.00 500.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.30 500.85 Td (257.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.00 500.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.30 500.85 Td (627.2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.00 500.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.30 500.85 Td (821.5) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 50.00 489.63 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 467.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 467.10 Td (In accordance with authorization from our Board of Directors, we expect total redemptions related to the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 455.10 Td (August31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.39 455.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.39 455.10 Td (, that will be distributed in fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.59 455.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.59 455.10 Td (, to be approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.06 455.10 Td ($10.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.96 455.10 Td ( and to be mostly in the form of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 443.10 Td (redemptions of equity owned by the estates of deceased individual producer members. ) Tj ET Q q 0 0 0 rg BT 397.77 443.10 Td (These redemptions are classified as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 431.10 Td (current liability on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.09 431.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.48 431.10 Td (, Consolidated Balance Sheet.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 413.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 413.10 Td (On March 30, 2017, we issued 695,390 shares of Class B Series 1 Preferred Stock to redeem approximately $20.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 401.10 Td (million of qualified equity certificates to eligible owners. Each share of Class B Series 1 Preferred Stock was issued in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 389.10 Td (redemption of $28.74 of qualified equity certificates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 371.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 371.10 Td (In March 2016, we redeemed approximately $76.8 million of qualified equity certificates by issuing 2,693,195 shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 359.10 Td (of Class B Series 1 Preferred Stock, with a total redemption value of $67.3 million, excluding accumulated dividends. For each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 347.10 Td (share of Class B Series 1 Preferred Stock that was issued, we redeemed $28.50 worth of capital equity certificates. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 329.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 329.10 Td (See Note 9, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 134.88 329.10 Td (Equities,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.15 329.10 Td ( of the notes to consolidated financial statements that are included in this ) Tj ET Q q 0 0 0 rg BT 463.13 329.10 Td (Annual Report on Form ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 317.10 Td (10-K for a summary of our outstanding preferred stock as of ) Tj ET Q q 0 0 0 rg BT 293.54 317.10 Td (August31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.94 317.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.94 317.10 Td (, each series of which is listed on the Global ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 305.10 Td (Select Market of NASDAQ.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 269.10 Td (Off Balance Sheet Financing ) Tj ET Q q 0 0 0 rg BT 173.89 269.10 Td (Arrangements) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 245.10 Td (Guarantees:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 221.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 221.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 221.10 Td (e are a guarantor for lines of credit and performance obligations of related, non-consolidated companies. Our bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 209.10 Td (covenants allow maximum guarantees of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.34 209.10 Td ($1.0 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.45 209.10 Td (, of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.22 209.10 Td ($105.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.11 209.10 Td ( were outstanding on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 209.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.04 209.10 Td (. ) Tj ET Q q 0 0 0 rg BT 520.86 209.10 Td (W) Tj ET Q q 0 0 0 rg BT 529.50 209.10 Td (e have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 197.10 Td (collateral for a portion of these contingent obligations. ) Tj ET Q q 0 0 0 rg BT 270.03 197.10 Td (W) Tj ET Q q 0 0 0 rg BT 278.67 197.10 Td (e have not recorded a liability related to the contingent obligations as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 185.10 Td (we do not expect to pay out any cash related to them, and the fair values are considered immaterial. ) Tj ET Q q 0 0 0 rg BT 449.95 185.10 Td (The underlying loans to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 173.10 Td (counterparties for which we provide guarantees were current as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.55 173.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.94 173.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 149.10 Td (Operating leases:) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 137.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 125.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 125.10 Td (Minimum future lease payments required under noncancelable operating leases as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.71 125.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.10 125.10 Td (, were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.03 125.10 Td ($236.6 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 113.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 113.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 89.10 Td (Debt:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 65.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 65.10 Td (There is no material of) Tj ET Q q 0 0 0 rg BT 176.89 65.10 Td (f balance sheet debt.) Tj ET Q endstream endobj 89 0 obj <>] /Rotate 0 /Contents 90 0 R>> endobj 90 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (41) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 742.25 Td (Receivables Securitization Facility and Loan Participations:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 718.25 Td (In fiscal 2017, we engaged in of) Tj ET Q q 0 0 0 rg BT 214.39 718.25 Td (f-balance sheet arrangements through our Securitization Facility and certain loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (participation agreements. Refer to further details about these arrangements in Note 2,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 390.71 706.25 Td ( Receivables, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.96 706.25 Td (of the notes to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (consolidated financial statements that are included in this ) Tj ET Q q 0 0 0 rg BT 281.04 694.25 Td (Annual Report on Form 10-K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (Contractual Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 646.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 646.25 Td (e had certain contractual obligations at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.24 646.25 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.64 646.25 Td (, which require the following payments to be made:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 588.75 171.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 588.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 588.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 588.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 588.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 588.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 588.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 588.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 588.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 588.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 558.75 171.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 558.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 558.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 558.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 558.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 558.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 558.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 558.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 558.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 558.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 528.75 171.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 528.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 528.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 528.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 528.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 528.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 528.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 528.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 528.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 528.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 498.75 171.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 498.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 498.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 498.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 498.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 498.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 498.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 498.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 498.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 498.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 622.75 m 286.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 622.75 m 290.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 622.75 m 355.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 622.75 m 359.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 622.75 m 424.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 622.75 m 428.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 622.75 m 493.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 622.75 m 497.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 622.75 m 562.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 622.75 m 286.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 601.75 m 286.5 601.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 601.75 m 355.5 601.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 601.75 m 424.5 601.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 601.75 m 493.5 601.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 601.75 m 562.5 601.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 498.75 m 286.5 498.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 498.75 m 355.5 498.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 498.75 m 424.5 498.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 498.75 m 493.5 498.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 498.75 m 562.5 498.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 484.75 m 286.5 484.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 482.75 m 286.5 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 484.75 m 355.5 484.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 482.75 m 355.5 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 484.75 m 424.5 484.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 482.75 m 424.5 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 484.75 m 493.5 484.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 482.75 m 493.5 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 484.75 m 562.5 484.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 482.75 m 562.5 482.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 135.50 627.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.35 626.98 Td (Payments Due by Period) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 244.75 605.98 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.15 613.98 Td (Less than) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 311.70 605.98 Td (1 ) Tj ET Q q 0 0 0 rg BT 317.40 605.98 Td (Y) Tj ET Q q 0 0 0 rg BT 322.29 605.98 Td (ear) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.15 613.98 Td (1 - 3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.90 605.98 Td (Y) Tj ET Q q 0 0 0 rg BT 386.79 605.98 Td (ears) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.15 613.98 Td (3 - 5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.90 605.98 Td (Y) Tj ET Q q 0 0 0 rg BT 455.79 605.98 Td (ears) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.45 613.98 Td (Mor) Tj ET Q q 0 0 0 rg BT 526.41 613.98 Td (e than) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.05 605.98 Td (5 ) Tj ET Q q 0 0 0 rg BT 522.75 605.98 Td (Y) Tj ET Q q 0 0 0 rg BT 527.64 605.98 Td (ears) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 135.50 593.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.70 592.98 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 578.42 Td (Long-term debt obligations ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 164.92 582.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.00 578.32 Td (..................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.00 578.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.65 578.42 Td (2,142,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 578.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 578.42 Td (149,050) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 578.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 578.42 Td (198,890) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 578.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 578.42 Td (183,075) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 578.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 578.42 Td (1,611,385) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 563.42 Td (Interest payments ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 126.31 567.95 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 563.32 Td (.................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.15 563.42 Td (647,782) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 563.42 Td (87,756) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 563.42 Td (159,427) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 563.42 Td (141,984) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 563.42 Td (258,615) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 548.42 Td (Capital lease obligations ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 153.81 552.95 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 548.32 Td (......................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.15 548.42 Td (39,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 548.42 Td (6,867) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 548.42 Td (10,878) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 548.42 Td (8,470) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 548.42 Td (13,285) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 533.42 Td (Operating lease obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 533.32 Td (......................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.15 533.42 Td (236,620) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 533.42 Td (57,957) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 533.42 Td (76,989) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 533.42 Td (44,874) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 533.42 Td (56,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 518.42 Td (Purchase obligations ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 138.54 522.95 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.00 518.32 Td (............................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.65 518.42 Td (7,534,491) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 518.42 Td (5,802,142) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 518.42 Td (812,211) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 518.42 Td (243,978) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 518.42 Td (676,160) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 503.42 Td (Other liabilities ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 117.99 507.95 Td (\(5\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.00 503.32 Td (....................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.15 503.42 Td (635,490) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 503.42 Td (37,984) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 503.42 Td (35,836) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 503.42 Td (21,832) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 503.42 Td (539,838) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 488.42 Td (Total obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 488.32 Td (.......................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.00 488.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.60 488.42 Td (11,236,283) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 488.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 488.42 Td (6,141,756) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 488.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 488.42 Td (1,294,231) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 488.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 488.42 Td (644,213) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 488.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 488.42 Td (3,156,083) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 474.65 Td (_______________________________________) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 68.00 461.18 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 456.65 Td (Excludes fair value adjustments to the long-term debt reported on our Consolidated Balance Sheet at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.61 456.65 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.00 456.65 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 444.65 Td (resulting from fair value interest rate swaps and the related hedge accounting.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 68.00 431.18 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 426.65 Td (Based on interest rates and long-term debt balances at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.43 426.65 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.82 426.65 Td (.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 68.00 413.18 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 408.65 Td (Future minimum lease payments under capital leases include amounts related to bar) Tj ET Q q 0 0 0 rg BT 421.00 408.65 Td (gain purchase options and residual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 396.65 Td (value guarantees, which represent economic obligations as opposed to contractual payment obligations.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 68.00 383.18 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 378.65 Td (Purchase obligations are legally binding and enforceable agreements to purchase goods or services that specify all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 366.65 Td (significant terms, including fixed or minimum quantities; fixed, minimum or variable price provisions; and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 354.65 Td (approximate time of the transactions. In the ordinary course of business, we enter into a significant number of forward ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 342.65 Td (purchase commitments for agricultural and ener) Tj ET Q q 0 0 0 rg BT 277.69 342.65 Td (gy commodities and the related freight. ) Tj ET Q q 0 0 0 rg BT 437.18 342.65 Td (The purchase obligation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 330.65 Td (amounts shown above include both short- and long-term obligations and are based on: a\) fixed or minimum quantities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 318.65 Td (to be purchased; and b\) fixed or estimated prices to be paid at the time of settlement. Current estimates are based on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 306.65 Td (assumptions about future market conditions that will exist at the time of settlement. Consequently) Tj ET Q q 0 0 0 rg BT 476.39 306.65 Td (, actual amounts paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 294.65 Td (under these contracts may dif) Tj ET Q q 0 0 0 rg BT 203.55 294.65 Td (fer due to the variable pricing provisions. Market risk related to the variability of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 282.65 Td (forward purchase commitments is economically hedged by of) Tj ET Q q 0 0 0 rg BT 332.69 282.65 Td (fsetting forward sale contracts that are not included in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 270.65 Td (the amounts above.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 68.00 257.18 Td (\(5\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 252.65 Td (Other liabilities include the long-term portion of deferred compensation, deferred tax liabilities and contractual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 240.65 Td (redemptions. Of the total other liabilities and deferred tax liabilities of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.25 240.65 Td ($61) Tj ET Q q 0 0 0 rg BT 383.88 240.65 Td (1.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.77 240.65 Td ( on our Consolidated Balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 228.65 Td (Sheet at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.88 228.65 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.27 228.65 Td (, the timing of the payments of $519.8 million of such liabilities cannot be determined.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 216.65 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 204.65 Td (Critical ) Tj ET Q q 0 0 0 rg BT 84.71 204.65 Td (Accounting Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 180.65 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 180.65 Td (Our consolidated financial statements are prepared in conformity with U.S. GAAP) Tj ET Q q 0 0 0 rg BT 415.36 180.65 Td (. ) Tj ET Q q 0 0 0 rg BT 420.18 180.65 Td (The preparation of these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 168.65 Td (consolidated financial statements requires the use of estimates as well as management) Tj ET Q q 0 0 0 rg BT 396.27 168.65 Td (s judgments and assumptions regarding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 156.65 Td (matters that are subjective, uncertain or involve a high degree of complexity) Tj ET Q q 0 0 0 rg BT 354.24 156.65 Td (, all of which af) Tj ET Q q 0 0 0 rg BT 417.09 156.65 Td (fect the results of operations and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 144.65 Td (financial condition for the periods presented. ) Tj ET Q q 0 0 0 rg BT 231.70 144.65 Td (W) Tj ET Q q 0 0 0 rg BT 240.34 144.65 Td (e believe that of our significant accounting policies, the following may involve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 132.65 Td (a higher degree of estimates, judgments and complexity) Tj ET Q q 0 0 0 rg BT 272.62 132.65 Td (.) Tj ET Q endstream endobj 91 0 obj <>] /Rotate 0 /Contents 92 0 R>> endobj 92 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (42) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 742.25 Td (Inventory V) Tj ET Q q 0 0 0 rg BT 116.06 742.25 Td (aluation and Reserves) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 718.25 Td (Grain, processed grain, oilseed and processed oilseed inventories are stated at net realizable value. ) Tj ET Q q 0 0 0 rg BT 481.12 718.25 Td (All other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (inventories are stated at the lower of cost or net realizable value. ) Tj ET Q q 0 0 0 rg BT 309.99 706.25 Td (The costs of certain ener) Tj ET Q q 0 0 0 rg BT 408.09 706.25 Td (gy inventories \(wholesale refined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (products, crude oil and asphalt\) are determined on the last-in, first-out \("LIFO"\) method; all other inventories of non-grain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (products purchased for resale are valued on the first-in, first-out \("FIFO"\) and average cost methods. Estimates are used in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (determining the net realizable values of grain and oilseed and processed grains and oilseeds inventories. ) Tj ET Q q 0 0 0 rg BT 468.01 670.25 Td (These estimates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (include the measurement of grain in bins and other storage facilities, which use formulas in addition to actual measurements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (taken to arrive at appropriate quantities. Other determinations made by management include quality of the inventory and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (estimates for freight. Grain shrink reserves and other reserves that account for spoilage also af) Tj ET Q q 0 0 0 rg BT 426.07 634.25 Td (fect inventory valuations. If ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (estimates regarding the valuation of inventories, or the adequacy of reserves, are less favorable than management) Tj ET Q q 0 0 0 rg BT 505.65 622.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (assumptions, then additional reserves or write-downs of inventories may be required.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 586.25 Td (Derivative Financial Instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 562.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 562.25 Td (e enter into exchange-traded commodity futures and options contracts to hedge our exposure to price fluctuations on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (ener) Tj ET Q q 0 0 0 rg BT 67.03 550.25 Td (gy) Tj ET Q q 0 0 0 rg BT 76.38 550.25 Td (, grain and oilseed transactions to the extent considered practicable for minimizing risk. Futures and options contracts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (used for hedging are purchased and sold through regulated commodity exchanges. ) Tj ET Q q 0 0 0 rg BT 381.39 538.25 Td (W) Tj ET Q q 0 0 0 rg BT 390.02 538.25 Td (e also use over) Tj ET Q q 0 0 0 rg BT 448.97 538.25 Td (-the-counter \("OTC"\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (instruments to hedge our exposure on fixed-price contracts. Fluctuations in inventory valuations, however) Tj ET Q q 0 0 0 rg BT 473.38 526.25 Td (, may not be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (completely hedged, due in part to the absence of satisfactory hedging facilities for certain commodities and geographical areas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (and, in part, to our assessment of our exposure from expected price fluctuations. ) Tj ET Q q 0 0 0 rg BT 373.06 502.25 Td (W) Tj ET Q q 0 0 0 rg BT 381.69 502.25 Td (e also manage our risks by entering into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (fixed-price purchase contracts with preapproved producers and establishing appropriate limits for individual suppliers. Fixed-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (price sales contracts are entered into with customers of acceptable creditworthiness, as internally evaluated. ) Tj ET Q q 0 0 0 rg BT 482.42 478.25 Td (The fair values of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (futures and options contracts are determined primarily from quotes listed on regulated commodity exchanges. Fixed-price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (purchase and sales contracts are with various counterparties, and the fair values of such contracts are determined from the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (market price of the underlying product. ) Tj ET Q q 0 0 0 rg BT 209.49 442.25 Td (W) Tj ET Q q 0 0 0 rg BT 218.13 442.25 Td (e are exposed to loss in the event of nonperformance by the counterparties to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (contracts and, therefore, contract values are reviewed and adjusted to reflect potential nonperformance. Risk of nonperformance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (by counterparties includes the inability to perform because of a counterparty) Tj ET Q q 0 0 0 rg BT 358.22 418.25 Td (s financial condition and also the risk that the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (counterparty will refuse to perform on a contract during periods of price fluctuations where contract prices are significantly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (dif) Tj ET Q q 0 0 0 rg BT 60.93 394.25 Td (ferent than the current market prices.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 370.25 Td (Pension and Other Postretirement Benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 346.25 Td (Pension and other postretirement benefits costs and obligations are dependent on assumptions used in calculating such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (amounts. ) Tj ET Q q 0 0 0 rg BT 88.71 334.25 Td (These assumptions include discount rates, health care cost trend rates, benefits earned, interest costs, expected return ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (on plan assets, mortality rates and other factors. In accordance with U.S. GAAP) Tj ET Q q 0 0 0 rg BT 368.25 322.25 Td (, actual results that dif) Tj ET Q q 0 0 0 rg BT 456.65 322.25 Td (fer from the assumptions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (are accumulated and amortized over future periods and, therefore, generally af) Tj ET Q q 0 0 0 rg BT 363.55 310.25 Td (fect recognized expenses and the recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (obligations in future periods. ) Tj ET Q q 0 0 0 rg BT 167.86 298.25 Td (While our management believes that the assumptions used are appropriate, dif) Tj ET Q q 0 0 0 rg BT 480.63 298.25 Td (ferences in actual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (experience or changes in assumptions may af) Tj ET Q q 0 0 0 rg BT 230.87 286.25 Td (fect our pension and other postretirement obligations and future expenses.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 262.25 Td (Deferred T) Tj ET Q q 0 0 0 rg BT 112.34 262.25 Td (ax ) Tj ET Q q 0 0 0 rg BT 124.47 262.25 Td (Assets and Uncertain T) Tj ET Q q 0 0 0 rg BT 219.95 262.25 Td (ax Positions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 238.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 238.25 Td (e assess whether a valuation allowance is necessary to reduce our deferred tax assets to the amount that we believe ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (is more likely than not to be realized. ) Tj ET Q q 0 0 0 rg BT 201.16 226.25 Td (While we have considered future taxable income, as well as other factors, in assessing the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (need for the valuation allowance, in the event that we were to determine that we would not be able to realize all, or part of, our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (net deferred tax assets in the future, an adjustment to our deferred tax assets would be char) Tj ET Q q 0 0 0 rg BT 412.19 202.25 Td (ged to income in the period such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (determination was made. ) Tj ET Q q 0 0 0 rg BT 152.56 190.25 Td (W) Tj ET Q q 0 0 0 rg BT 161.20 190.25 Td (e are also significantly impacted by the utilization of tax credits, some of which were passed to us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (from CHS McPherson \(formerly known as NCRA\), related to refinery upgrades that enable us to produce ultra-low sulfur ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (fuels.Our tax credit carryforwards are available to of) Tj ET Q q 0 0 0 rg BT 262.77 166.25 Td (fset future federal and state tax liabilities with the tax credits becoming ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (unavailable to us if not used by their expiration date. Our net operating loss carryforwards for tax purposes are available to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 142.25 Td (fset future taxable income. If our loss carryforwards are not used, these loss carryforwards will expire. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 118.25 Td (T) Tj ET Q q 0 0 0 rg BT 91.41 118.25 Td (ax benefits related to uncertain tax positions are recognized in our financial statements if it is more likely than not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (that the position would be sustained upon examination by a tax authority that has full knowledge of all relevant information. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (The benefits are measured using a cumulative probability approach. Under this approach, we record in our financial statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (the greatest amount of tax benefits that have a more than 50% probability of being realized upon final settlement with the tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.25 Td (authorities. In determining these tax benefits, we assign probabilities to a range of outcomes that we feel we could ultimately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.25 Td (settle on with the tax authorities using all relevant facts and information available at the reporting date. Due to the complexity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.25 Td (of these uncertainties, the ultimate resolution may result in a benefit that is materially dif) Tj ET Q q 0 0 0 rg BT 404.99 46.25 Td (ferent than our current estimate.) Tj ET Q endstream endobj 93 0 obj <>] /Rotate 0 /Contents 94 0 R>> endobj 94 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (43) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 730.10 Td (Long-Lived ) Tj ET Q q 0 0 0 rg BT 117.89 730.10 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 706.10 Td (Property) Tj ET Q q 0 0 0 rg BT 119.79 706.10 Td (, plant and equipment is depreciated or amortized over the expected useful lives of individual or groups of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (assets based on the straight-line method. Economic circumstances, or other factors, may cause management) Tj ET Q q 0 0 0 rg BT 483.19 694.10 Td (s estimates of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (expected useful lives to dif) Tj ET Q q 0 0 0 rg BT 157.56 682.10 Td (fer from actual.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 658.10 Td (All long-lived assets, including property) Tj ET Q q 0 0 0 rg BT 246.71 658.10 Td (, plant and equipment, goodwill, investments in unconsolidated af) Tj ET Q q 0 0 0 rg BT 510.10 658.10 Td (filiates and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (other identifiable intangibles, are evaluated for impairment in accordance with U.S. GAAP) Tj ET Q q 0 0 0 rg BT 412.66 646.10 Td (, at least annually for goodwill, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (whenever events or changes in circumstances indicate that the carrying amount of a long-lived asset or asset group may not be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (recoverable. For goodwill, our annual impairment testing occurs in our fourth quarter) Tj ET Q q 0 0 0 rg BT 390.74 622.10 Td (. ) Tj ET Q q 0 0 0 rg BT 395.19 622.10 Td (An impaired asset is written down to its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (estimated fair value based on the best information available. Fair value is generally measured by discounting estimated future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (cash flows. Considerable management judgment is necessary to estimate discounted future cash flows and may dif) Tj ET Q q 0 0 0 rg BT 508.03 598.10 Td (fer from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (actual.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 562.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 562.10 Td (e have asset retirement obligations with respect to certain of our refineries and other assets due to various legal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (obligations to clean and/or dispose of the component parts at the time they are retired. In most cases, these assets can be used ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (for extended and indeterminate periods of time, as long as they are properly maintained and/or upgraded. It is our practice and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (current intent to maintain refineries and related assets and to continue making improvements to those assets based on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (technological advances. ) Tj ET Q q 0 0 0 rg BT 147.46 514.10 Td (As a result, we believe our refineries and related assets have indeterminate lives for purposes of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (estimating asset retirement obligations because dates or ranges of dates upon which we would retire a refinery and related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (assets cannot reasonably be estimated at this time. ) Tj ET Q q 0 0 0 rg BT 252.82 490.10 Td (When a date or range of dates can reasonably be estimated for the retirement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (of any component part of a refinery or other asset, we will estimate the cost of performing the retirement activities and record a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (liability for the fair value of that future cost.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 442.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 442.10 Td (e have other assets that we may be obligated to dismantle at the end of corresponding lease terms subject to lessor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (discretion for which we have recorded asset retirement obligations. Based on our estimates of the timing, cost and probability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (of removal, these obligations are not material.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (Effect of Inflation and For) Tj ET Q q 0 0 0 rg BT 162.59 394.10 Td (eign Curr) Tj ET Q q 0 0 0 rg BT 204.35 394.10 Td (ency ) Tj ET Q q 0 0 0 rg BT 226.10 394.10 Td (T) Tj ET Q q 0 0 0 rg BT 232.03 394.10 Td (ransactions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 370.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 370.10 Td (e believe that inflation and foreign currency fluctuations have not had a significant ef) Tj ET Q q 0 0 0 rg BT 435.16 370.10 Td (fect on our operations during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (the three years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.63 358.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.02 358.10 Td (, since we conduct a significant portion of our business in U.S.dollars.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (Recent ) Tj ET Q q 0 0 0 rg BT 81.38 334.10 Td (Accounting Pr) Tj ET Q q 0 0 0 rg BT 143.13 334.10 Td (onouncements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 310.10 Td (See Note 1, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 134.88 310.10 Td (Or) Tj ET Q q 0 0 0 rg BT 145.62 310.10 Td (ganization, Basis of Pr) Tj ET Q q 0 0 0 rg BT 236.92 310.10 Td (esentation and Significant ) Tj ET Q q 0 0 0 rg BT 343.68 310.10 Td (Accounting Policies, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.93 310.10 Td (of the notes to consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (financial statements that are included in this ) Tj ET Q q 0 0 0 rg BT 228.00 298.10 Td (Annual Report on Form 10-K for information concerning new accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (standards and the impact of the implementation of those standards on our financial statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (ITEM7A.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 93.89 262.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 262.10 Td (QUANTIT) Tj ET Q q 0 0 0 rg BT 165.89 262.10 Td (A) Tj ET Q q 0 0 0 rg BT 172.01 262.10 Td (TIVE ) Tj ET Q q 0 0 0 rg BT 197.48 262.10 Td (AND QUALIT) Tj ET Q q 0 0 0 rg BT 257.76 262.10 Td (A) Tj ET Q q 0 0 0 rg BT 263.88 262.10 Td (TIVE DISCLOSURES ) Tj ET Q q 0 0 0 rg BT 360.21 262.10 Td (ABOUT MARKET RISK) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (COMMODITY) Tj ET Q q 0 0 0 rg BT 116.29 238.10 Td ( PRICE RISK) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 214.10 Td (When we enter into a commodity purchase or sales commitment, we incur risks related to price changes and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (performance including delivery) Tj ET Q q 0 0 0 rg BT 175.41 202.10 Td (, quality) Tj ET Q q 0 0 0 rg BT 207.53 202.10 Td (, quantity and shipment period. In the event that market prices decrease, we are exposed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (to risk of loss in the market value of inventory and purchase contracts with a fixed or partially fixed price. Conversely) Tj ET Q q 0 0 0 rg BT 521.15 190.10 Td (, we are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (exposed to risk of loss on our fixed or partially fixed price sales contracts in the event that market prices increase.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 154.10 Td (Our use of hedging reduces the exposure to price volatility by protecting against adverse short-term price movements, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (but it also limits the benefits of favorable short-term price movements. ) Tj ET Q q 0 0 0 rg BT 334.75 142.10 Td (T) Tj ET Q q 0 0 0 rg BT 340.16 142.10 Td (o reduce the price risk associated with fixed price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (commitments, we generally enter into commodity derivative contracts, to the extent practical, to achieve a net commodity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (position within the formal position limits we have established and deemed prudent for each commodity) Tj ET Q q 0 0 0 rg BT 462.59 118.10 Td (. ) Tj ET Q q 0 0 0 rg BT 467.41 118.10 Td (These contracts are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (primarily transacted on regulated commodity futures exchanges but may also include over) Tj ET Q q 0 0 0 rg BT 410.52 106.10 Td (-the-counter derivative instruments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (when deemed appropriate. For commodities where there is no liquid derivative contract, risk is managed through the use of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (forward sales contracts, other pricing arrangements and, to some extent, futures contracts in highly correlated commodities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (These contracts are economic hedges of price risk, but are not designated as hedging instruments for accounting purposes. ) Tj ET Q q 0 0 0 rg BT 540.78 70.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (contracts are recorded on our Consolidated Balance Sheets at fair values based on quotes listed on regulated commodity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (exchanges or the market prices of the underlying products listed on the exchanges, except that fertilizer and propane contracts ) Tj ET Q endstream endobj 95 0 obj <>] /Rotate 0 /Contents 96 0 R>> endobj 96 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (are accounted for as normal purchase and normal sales transactions. Unrealized gains and losses on these contracts are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (recognized in cost of goods sold in our Consolidated Statements of Operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 710.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 710.10 Td (When a futures position is established, initial mar) Tj ET Q q 0 0 0 rg BT 284.11 710.10 Td (gin must be deposited with the applicable exchange or broker) Tj ET Q q 0 0 0 rg BT 529.32 710.10 Td (. ) Tj ET Q q 0 0 0 rg BT 534.13 710.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 698.10 Td (amount of mar) Tj ET Q q 0 0 0 rg BT 108.69 698.10 Td (gin required varies by commodity and is set by the applicable exchange at its sole discretion. If the market price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 686.10 Td (relative to a short futures position increases, an additional mar) Tj ET Q q 0 0 0 rg BT 298.63 686.10 Td (gin deposit would be required. Similarly) Tj ET Q q 0 0 0 rg BT 459.62 686.10 Td (, a mar) Tj ET Q q 0 0 0 rg BT 486.93 686.10 Td (gin deposit would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 674.10 Td (be required if the market price relative to a long futures position decreases. Conversely) Tj ET Q q 0 0 0 rg BT 397.00 674.10 Td (, if the market price increases relative to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 662.10 Td (a long futures position or decreases relative to a short futures position, mar) Tj ET Q q 0 0 0 rg BT 348.91 662.10 Td (gin deposits may be returned by the applicable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 650.10 Td (exchange or broker) Tj ET Q q 0 0 0 rg BT 126.63 650.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 630.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 630.10 Td (Our policy is to manage our commodity price risk exposure according to internal polices and in alignment with our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 618.10 Td (tolerance for risk. Our profitability from operations is primarily derived from mar) Tj ET Q q 0 0 0 rg BT 376.39 618.10 Td (gins on products sold and grain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 606.10 Td (merchandised, not from hedging transactions. ) Tj ET Q q 0 0 0 rg BT 234.68 606.10 Td (At any one time, inventory and purchase contracts for delivery to us may be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 594.10 Td (substantial. ) Tj ET Q q 0 0 0 rg BT 97.59 594.10 Td (W) Tj ET Q q 0 0 0 rg BT 106.23 594.10 Td (e have risk management policies and procedures that include established net position limits. ) Tj ET Q q 0 0 0 rg BT 475.95 594.10 Td (These limits are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 582.10 Td (defined for each commodity and business unit, and may include both trader and management limits as appropriate. ) Tj ET Q q 0 0 0 rg BT 511.07 582.10 Td (The limits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 570.10 Td (policy is overseen at a high level by our corporate compliance team, with day to day monitoring procedures managed within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 558.10 Td (each individual business unit to ensure any limits overage is explained and exposures reduced or a temporary limit increase is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 546.10 Td (established if needed. ) Tj ET Q q 0 0 0 rg BT 138.68 546.10 Td (The position limits are reviewed, at least annually) Tj ET Q q 0 0 0 rg BT 337.41 546.10 Td (, with senior leadership and the Board of Directors. ) Tj ET Q q 0 0 0 rg BT 544.67 546.10 Td (W) Tj ET Q q 0 0 0 rg BT 553.31 546.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 534.10 Td (monitor current market conditions and may expand or reduce our net position limits or procedures in response to changes in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 522.10 Td (those conditions. In addition, all purchase and sales contracts are subject to credit approvals and appropriate terms and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 510.10 Td (conditions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 490.10 Td (The use of hedging instruments does not protect against nonperformance by counterparties to cash contracts. ) Tj ET Q q 0 0 0 rg BT 522.91 490.10 Td (W) Tj ET Q q 0 0 0 rg BT 531.55 490.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (evaluate counterparty exposure by reviewing contracts and adjusting the values to reflect potential nonperformance. Risk of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (nonperformance by counterparties includes the inability to perform because of a counterparty) Tj ET Q q 0 0 0 rg BT 426.25 466.10 Td (s financial condition and the risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (that the counterparty will refuse to perform on a contract during periods of price fluctuations where contract prices are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (significantly dif) Tj ET Q q 0 0 0 rg BT 113.42 442.10 Td (ferent than the current market prices. ) Tj ET Q q 0 0 0 rg BT 263.44 442.10 Td (W) Tj ET Q q 0 0 0 rg BT 272.08 442.10 Td (e manage these risks by entering into fixed price purchase and sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (contracts with preapproved producers and by establishing appropriate limits for individual suppliers. Fixed price contracts are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (entered into with customers of acceptable creditworthiness, as internally evaluated. Regarding our use of derivatives, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (primarily transact in exchange traded instruments or enter into over) Tj ET Q q 0 0 0 rg BT 319.43 406.10 Td (-the-counter derivatives that clear through a designated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (clearing or) Tj ET Q q 0 0 0 rg BT 92.85 394.10 Td (ganization, which limits our counterparty exposure relative to hedging activities. Historically) Tj ET Q q 0 0 0 rg BT 464.32 394.10 Td (, we have not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (experienced significant events of nonperformance on open contracts. ) Tj ET Q q 0 0 0 rg BT 327.39 382.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 376.73 382.10 Td (, we only adjust the estimated fair values of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (specifically identified contracts for nonperformance. ) Tj ET Q q 0 0 0 rg BT 262.13 370.10 Td (Although we have established policies and procedures, we make no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (assurances that historical nonperformance experience will carry forward to future periods. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 338.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 338.10 Td (A) Tj ET Q q 0 0 0 rg BT 92.67 338.10 Td ( 10% adverse change in market prices would not materially af) Tj ET Q q 0 0 0 rg BT 340.17 338.10 Td (fect our results of operations, since we use commodity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 326.10 Td (and freight futures and forward contracts as economic hedges of price risk, and since our operations have ef) Tj ET Q q 0 0 0 rg BT 480.77 326.10 Td (fective economic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 314.10 Td (hedging requirements as a general business practice.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 290.10 Td (INTEREST) Tj ET Q q 0 0 0 rg BT 100.40 290.10 Td ( RA) Tj ET Q q 0 0 0 rg BT 116.60 290.10 Td (TE RISK) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 266.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 266.10 Td (Debt used to finance inventories and receivables is represented by short-term notes payable, so that our blended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 254.10 Td (interest rate for all such notes approximates current market rates. ) Tj ET Q q 0 0 0 rg BT 311.66 254.10 Td (W) Tj ET Q q 0 0 0 rg BT 320.30 254.10 Td (e have outstanding interest rate swaps with an aggregate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 242.10 Td (notional amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.60 242.10 Td ($495.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.49 242.10 Td ( designated as fair value hedges of portions of our fixed-rate debt. Our objective is to of) Tj ET Q q 0 0 0 rg BT 538.03 242.10 Td (fset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 230.10 Td (changes in the fair value of the debt associated with the risk of variability in the 3-month U.S. Dollar LIBOR interest rate, in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 218.10 Td (essence converting the fixed-rate debt to variable-rate debt. Of) Tj ET Q q 0 0 0 rg BT 299.98 218.10 Td (fsetting changes in the fair values of both the swap instruments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 206.10 Td (and the hedged debt are recorded contemporaneously each period and only create an impact to earnings to the extent that the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 194.10 Td (hedge is inef) Tj ET Q q 0 0 0 rg BT 100.91 194.10 Td (fective. During fiscal 2017, we recorded of) Tj ET Q q 0 0 0 rg BT 272.89 194.10 Td (fsetting fair value adjustments of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.02 194.10 Td ($12.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.91 194.10 Td (, with no inef) Tj ET Q q 0 0 0 rg BT 514.05 194.10 Td (fectiveness ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 182.10 Td (recorded in earnings. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 164.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 164.10 Td (In fiscal 2015, we entered into forward-starting interest rate swaps with an aggregate notional amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.14 164.10 Td ($300.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 152.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 152.10 Td ( designated as cash flow hedges of the expected variability of future interest payments on our anticipated issuance of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 140.10 Td (fixed-rate debt. During the first quarter of fiscal 2016, we determined that certain of the anticipated debt issuances would be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 128.10 Td (delayed; and we consequently recorded an immaterial amount of losses on the inef) Tj ET Q q 0 0 0 rg BT 380.26 128.10 Td (fective portion of the related swaps in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 116.10 Td (earnings. ) Tj ET Q q 0 0 0 rg BT 88.33 116.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 138.23 116.10 Td (, we paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.10 116.10 Td ($6.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.00 116.10 Td ( in cash to settle two of the interest rate swaps upon their scheduled termination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 104.10 Td (dates. During the second quarter of fiscal 2016, we settled an additional two interest rate swaps, paying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.43 104.10 Td ($5.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.33 104.10 Td ( in cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 92.10 Td (upon their scheduled termination. In January 2016, we issued the fixed-rate debt associated with these swaps and will amortize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 80.10 Td (the amounts which were previously deferred to other comprehensive income into earnings over the life of the debt. ) Tj ET Q q 0 0 0 rg BT 511.61 80.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 68.10 Td (amounts to be included in earnings are not expected to be material during any 12-month period. During the third quarter of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 56.10 Td (fiscal 2016, we settled the remaining two interest rate swaps, paying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.76 56.10 Td ($5.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 56.10 Td ( in cash upon their scheduled termination. ) Tj ET Q q 0 0 0 rg BT 544.42 56.10 Td (W) Tj ET Q q 0 0 0 rg BT 553.06 56.10 Td (e ) Tj ET Q endstream endobj 97 0 obj <>] /Rotate 0 /Contents 98 0 R>> endobj 98 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (did not issue additional fixed-rate debt as previously planned, and we reclassified all amounts previously recorded to other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (comprehensive income into earnings. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 706.10 Td (The table below provides information about our outstanding debt and derivative financial instruments that are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (sensitive to changes in interest rates. For debt obligations, the table presents scheduled contractual principal payments and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (related weighted average interest rates for the fiscal years presented. For interest rate swaps, the table presents notional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (amounts for payments to be exchanged by expected contractual maturity dates for the fiscal years presented and interest rates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (noted in the table.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 588.60 89.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 139.50 588.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 195.50 588.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 199.50 588.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 588.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 588.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 588.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 588.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 588.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 588.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 588.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 588.60 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 588.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 588.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 588.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 588.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 544.60 89.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 139.50 544.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 195.50 544.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 199.50 544.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 544.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 544.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 544.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 544.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 544.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 544.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 544.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 544.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 544.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 544.60 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 544.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 544.60 49.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 501.60 89.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 139.50 501.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 195.50 501.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 199.50 501.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 501.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 501.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 501.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 501.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 501.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 501.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 501.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 501.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 501.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 501.60 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 501.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 501.60 49.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 473.60 89.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 139.50 473.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 195.50 473.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 199.50 473.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 473.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 473.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 473.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 473.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 473.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 473.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 473.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 473.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 473.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 473.60 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 473.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 473.60 49.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 439.60 89.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 139.50 439.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 195.50 439.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 199.50 439.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 439.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 439.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 439.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 439.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 439.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 439.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 439.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 439.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 439.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 439.60 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 439.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 439.60 49.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 405.60 89.00 -31.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 139.50 405.60 56.00 -31.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 195.50 405.60 4.00 -31.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 199.50 405.60 44.00 -31.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 405.60 4.00 -31.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 405.60 44.00 -31.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 405.60 4.00 -31.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 405.60 44.00 -31.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 405.60 4.00 -31.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 405.60 44.00 -31.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 405.60 4.00 -31.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 405.60 50.00 -31.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 405.60 4.00 -31.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 405.60 51.00 -31.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 405.60 4.00 -31.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 405.60 49.00 -31.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 360.60 89.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 139.50 360.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 195.50 360.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 199.50 360.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 360.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 360.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 360.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 360.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 360.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 360.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 360.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 360.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 360.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 360.60 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 360.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 360.60 49.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 139.5 601.6 m 195.5 601.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 199.5 601.6 m 243.5 601.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 601.6 m 291.5 601.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.5 601.6 m 339.5 601.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 601.6 m 387.5 601.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 601.6 m 441.5 601.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 601.6 m 496.5 601.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 601.6 m 549.5 601.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 139.5 601.6 m 195.5 601.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 199.5 601.6 m 243.5 601.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 247.80 637.28 Td (Expected Maturity Date) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 159.00 605.83 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 213.00 605.83 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 261.00 605.83 Td (2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 309.00 605.83 Td (2021) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 357.00 605.83 Td (2022) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.70 605.83 Td (Thereafter) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.75 605.83 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 506.65 621.83 Td (Fair) Tj ET Q q 0 0 0 rg BT 521.17 621.83 Td ( ) Tj ET Q q 0 0 0 rg BT 523.02 621.83 Td (V) Tj ET Q q 0 0 0 rg BT 528.06 621.83 Td (alue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.35 613.83 Td (Asset ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.15 605.83 Td (\(Liability\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 94.50 592.65 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.20 592.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 577.83 Td (Liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.00 578.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.00 578.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.00 578.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.00 578.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.00 578.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.00 578.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.00 578.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.00 578.27 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 564.85 Td (V) Tj ET Q q 0 0 0 rg BT 57.89 564.85 Td (ariable rate ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 556.85 Td (miscellaneous ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 548.85 Td (short-term notes payable) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 134.00 548.55 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 142.00 549.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 151.50 549.06 Td (1,695,423) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 202.00 549.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 226.50 549.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 250.00 549.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 274.50 549.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 298.00 549.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 322.50 549.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.00 549.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.50 549.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 394.00 549.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 424.50 549.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 448.00 549.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.50 549.06 Td (1,695,423) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.00 549.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.00 549.06 Td (\(1,695,423) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 549.06 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 534.85 Td (Average interest rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 126.00 534.55 Td (.....) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 176.25 535.06 Td (2.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 187.50 535.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 226.50 535.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 274.50 535.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 322.50 535.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.50 535.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 424.50 535.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.25 535.06 Td (2.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 535.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.00 535.06 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 521.85 Td (V) Tj ET Q q 0 0 0 rg BT 57.89 521.85 Td (ariable rate CHS ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 513.85 Td (Capital ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 505.85 Td (short-term notes payable) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 134.00 505.55 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 142.00 506.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 158.25 506.06 Td (292,792) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 202.00 506.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 226.50 506.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 250.00 506.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 274.50 506.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 298.00 506.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 322.50 506.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.00 506.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.50 506.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 394.00 506.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 424.50 506.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 448.00 506.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.25 506.06 Td (292,792) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.00 506.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 513.75 506.06 Td (\(292,792) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 506.06 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 491.85 Td (Average interest rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 126.00 491.55 Td (.....) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 176.25 492.06 Td (1.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 187.50 492.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 226.50 492.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 274.50 492.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 322.50 492.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.50 492.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 424.50 492.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.25 492.06 Td (1.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 492.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.00 492.06 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 477.85 Td (Fixed rate long-term debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 142.00 478.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 158.25 478.06 Td (149,050) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 202.00 478.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 206.25 478.06 Td (167,412) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 250.00 478.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 258.75 478.06 Td (31,478) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 298.00 478.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 302.25 478.06 Td (182,949) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.00 478.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.00 478.06 Td (126) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 394.00 478.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.50 478.06 Td (1,181,385) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 448.00 478.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.50 478.06 Td (1,712,400) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.00 478.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 507.00 478.06 Td (\(1,718,269) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 478.06 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 463.85 Td (Average interest rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 126.00 463.55 Td (.....) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 176.25 464.06 Td (5.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 187.50 464.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 224.25 464.06 Td (4.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 235.50 464.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 272.25 464.06 Td (4.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 283.50 464.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.25 464.06 Td (4.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.50 464.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 368.25 464.06 Td (4.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 379.50 464.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.25 464.06 Td (4.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 433.50 464.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.25 464.06 Td (4.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 464.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.00 464.06 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 451.55 Td (Variable rate long-term) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 443.55 Td (debt) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 443.55 Td (..................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 142.00 444.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 178.50 444.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 202.00 444.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 226.50 444.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 250.00 444.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 274.50 444.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 298.00 444.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 322.50 444.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.00 444.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.50 444.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 394.00 444.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.25 444.06 Td (430,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 448.00 444.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.25 444.06 Td (430,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.00 444.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 513.75 444.06 Td (\(412,142) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 444.06 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 429.85 Td (A) Tj ET Q q 0 0 0 rg BT 64.18 429.85 Td (verage interest rate ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 127.04 433.48 Td (\(a\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 134.00 429.55 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 178.50 430.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 226.50 430.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 274.50 430.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 322.50 430.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.50 430.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.00 430.06 Td (range) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.50 430.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.00 430.06 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 417.68 Td (Interest Rate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 409.68 Td (Derivatives:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 192.00 410.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 240.00 410.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 288.00 410.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 336.00 410.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.00 410.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.00 410.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 410.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 410.06 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 394.85 Td (Fixed to variable long-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 386.85 Td (term debt interest rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 378.85 Td (swaps) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 74.00 378.55 Td (...............................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 142.00 379.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 178.50 379.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 202.00 379.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 206.25 379.06 Td (130,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 250.00 379.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 274.50 379.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 298.00 379.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 302.25 379.06 Td (160,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.00 379.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.50 379.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 394.00 379.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.25 379.06 Td (205,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 448.00 379.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.25 379.06 Td (495,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.00 379.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.75 379.06 Td (9,271) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 364.85 Td (A) Tj ET Q q 0 0 0 rg BT 64.18 364.85 Td (verage pay rate ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 115.04 368.48 Td (\(b\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 122.00 364.55 Td (.......) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 178.50 365.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 220.00 365.06 Td (range) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 274.50 365.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 316.00 365.06 Td (range) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.50 365.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.00 365.06 Td (range) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.50 365.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.00 365.06 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 350.85 Td (A) Tj ET Q q 0 0 0 rg BT 64.18 350.85 Td (verage receive rate ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 126.58 354.48 Td (\(c\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 134.00 350.55 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 178.50 351.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 220.00 351.06 Td (range) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 274.50 351.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 316.00 351.06 Td (range) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.50 351.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.00 351.06 Td (range) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.50 351.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.00 351.06 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 337.50 Td (_______________________________________) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 68.00 324.03 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 319.50 Td (Borrowings under the agreement bear interest at a base rate \(or a LIBO rate\) plus an applicable mar) Tj ET Q q 0 0 0 rg BT 483.71 319.50 Td (gin, or at a fixed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 307.50 Td (rate of interest determined and quoted by the administrative agent under the agreement in its sole and absolute ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 295.50 Td (discretion from time to time. ) Tj ET Q q 0 0 0 rg BT 203.02 295.50 Td (The applicable mar) Tj ET Q q 0 0 0 rg BT 280.02 295.50 Td (gin is based on our leverage ratio and ranges between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.61 295.50 Td (1.50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.44 295.50 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 283.50 Td (2.00%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.83 283.50 Td ( for LIBO rate loans and between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.17 283.50 Td (0.50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.00 283.50 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.44 283.50 Td (1.00%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.27 283.50 Td ( for base rate loans.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 68.00 270.03 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 265.50 Td (A) Tj ET Q q 0 0 0 rg BT 92.48 265.50 Td (verage three-month U.S. Dollar LIBOR plus spreads ranging from 2.009% to 2.74%.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 68.00 252.03 Td (\(c\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 247.50 Td (Seven swaps with notional amount of $495 million with fixed rates from 4.08% to 4.67%.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 217.50 Td (FOREIGN CURRENCY) Tj ET Q q 0 0 0 rg BT 156.02 217.50 Td ( RISK) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.50 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 193.50 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 193.50 Td (e were exposed to risk regarding foreign currency fluctuations during fiscal 2017 and in prior years even though a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.50 Td (substantial amount of our international sales were denominated in U.S.dollars. In addition to specific transactional exposure, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.50 Td (foreign currency fluctuations can impact the ability of foreign buyers to purchase U.S. agricultural products and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.50 Td (competitiveness of U.S. agricultural products compared to the same products of) Tj ET Q q 0 0 0 rg BT 368.62 157.50 Td (fered by alternative sources of world supply) Tj ET Q q 0 0 0 rg BT 544.03 157.50 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.50 Td (From time to time, we enter into foreign currency hedge contracts to minimize the impact of currency fluctuations on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.50 Td (transactional exposures. ) Tj ET Q q 0 0 0 rg BT 148.40 133.50 Td (The notional amounts of our foreign exchange derivative contracts were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.40 133.50 Td ($776.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.29 133.50 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.73 133.50 Td ($802.2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.50 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 121.50 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.50 121.50 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.89 121.50 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.28 121.50 Td (August31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.67 121.50 Td (, respectively) Tj ET Q q 0 0 0 rg BT 309.33 121.50 Td (.) Tj ET Q endstream endobj 99 0 obj <>] /Rotate 0 /Contents 100 0 R>> endobj 100 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (46) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (ITEM8.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.67 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 742.25 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 176.64 742.25 Td ( ST) Tj ET Q q 0 0 0 rg BT 190.26 742.25 Td (A) Tj ET Q q 0 0 0 rg BT 196.38 742.25 Td (TEMENTS ) Tj ET Q q 0 0 0 rg BT 245.74 742.25 Td (AND SUPPLEMENT) Tj ET Q q 0 0 0 rg BT 335.47 742.25 Td (AR) Tj ET Q q 0 0 0 rg BT 348.63 742.25 Td (Y) Tj ET Q q 0 0 0 rg BT 354.37 742.25 Td ( DA) Tj ET Q q 0 0 0 rg BT 370.21 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 375.76 742.25 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 718.25 Td (The financial statements listed in Item15\(a\)\(1\) of this ) Tj ET Q q 0 0 0 rg BT 303.99 718.25 Td (Annual Report on Form 10-K are set forth beginning on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (pageF-1. Financial statement schedules are included in ScheduleII in Item15\(a\)\(2\) of this ) Tj ET Q q 0 0 0 rg BT 416.00 706.25 Td (Annual Report on Form 10-K. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (Supplementary financial information required by Item302 of RegulationS-K for each quarter during the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.39 682.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.33 682.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.33 682.25 Td (, is presented below) Tj ET Q q 0 0 0 rg BT 237.10 682.25 Td (. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 616.75 219.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 616.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 616.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 616.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 616.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 616.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 616.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 616.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 586.75 219.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 586.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 586.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 586.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 586.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 586.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 586.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 586.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 556.75 219.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 556.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 556.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 556.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 556.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 556.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 556.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 556.75 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 658.75 m 339.5 658.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 637.75 m 339.5 637.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 658.75 m 343.5 658.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 658.75 m 413.5 658.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 637.75 m 413.5 637.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 658.75 m 417.5 658.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 658.75 m 487.5 658.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 637.75 m 487.5 637.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 658.75 m 492.5 658.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 658.75 m 562.5 658.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 637.75 m 562.5 637.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 387.70 662.98 Td (Fiscal Year 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 285.75 649.98 Td (August31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 296.00 641.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.20 649.98 Td (May31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.00 641.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.75 649.98 Td (February28,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.00 641.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.30 649.98 Td (November) Tj ET Q q 0 0 0 rg BT 538.70 649.98 Td (30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 641.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.80 628.98 Td (\(Unaudited\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.70 620.98 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 606.42 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.50 606.32 Td (.....................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 606.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.65 606.42 Td (7,952,005) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 606.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 606.42 Td (8,614,090) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 606.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 606.42 Td (7,320,406) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 606.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 606.42 Td (8,048,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 591.42 Td (Gross profit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 591.32 Td (.................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.15 591.42 Td (108,700) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.15 591.42 Td (247,102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 591.42 Td (240,742) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 591.42 Td (352,697) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 576.42 Td (Income \(loss\) before income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.00 576.32 Td (..............................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.80 576.47 Td (\(94,845) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 576.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.80 576.47 Td (\(209,158) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 576.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 576.42 Td (23,597) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 576.42 Td (225,554) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 561.42 Td (Net income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 561.32 Td (........................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.80 561.47 Td (\(50,552) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 561.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.80 561.47 Td (\(46,140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 561.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 561.42 Td (14,973) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 561.42 Td (208,942) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 546.42 Td (Net income \(loss\) attributable to CHS Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.50 546.32 Td (.................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.80 546.47 Td (\(50,675) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 546.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.80 546.47 Td (\(45,185) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 546.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 546.42 Td (14,567) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 546.42 Td (209,150) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 464.75 219.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 464.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 464.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 464.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 464.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 464.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 464.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 464.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 434.75 219.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 434.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 434.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 434.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 434.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 434.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 434.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 434.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 404.75 219.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 404.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 404.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 404.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 404.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 404.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 404.75 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 404.75 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 506.75 m 339.5 506.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 485.75 m 339.5 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 506.75 m 343.5 506.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 506.75 m 413.5 506.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 485.75 m 413.5 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 506.75 m 417.5 506.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 506.75 m 487.5 506.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 485.75 m 487.5 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 506.75 m 492.5 506.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 506.75 m 562.5 506.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 485.75 m 562.5 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 485.75 m 339.5 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 485.75 m 413.5 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 485.75 m 487.5 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 485.75 m 562.5 485.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 387.70 510.98 Td (Fiscal Year 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 285.75 497.98 Td (August31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 296.00 489.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.20 497.98 Td (May31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.00 489.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.75 497.98 Td (February29,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.00 489.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.30 497.98 Td (November) Tj ET Q q 0 0 0 rg BT 538.70 497.98 Td (30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.00 489.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.80 476.98 Td (\(Unaudited\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.70 468.98 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 454.42 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.50 454.32 Td (.....................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 454.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.65 454.42 Td (8,182,493) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 454.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 454.42 Td (7,796,588) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 454.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 454.42 Td (6,639,330) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 454.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 454.42 Td (7,728,792) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 439.42 Td (Gross profit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 439.32 Td (.................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.15 439.42 Td (140,959) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.15 439.42 Td (317,512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 439.42 Td (89,004) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 439.42 Td (411,818) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 424.42 Td (Income \(loss\) before income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.00 424.32 Td (..............................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 424.42 Td (11,964) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.15 424.42 Td (194,521) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 424.47 Td (\(76,462) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 424.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 424.42 Td (289,855) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 409.42 Td (Net income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 409.32 Td (........................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.80 409.47 Td (\(1,706) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 409.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.15 409.42 Td (189,683) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 409.47 Td (\(30,182) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 409.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 409.42 Td (266,174) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 394.42 Td (Net income \(loss\) attributable to CHS Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.50 394.32 Td (.................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.80 394.47 Td (\(1,579) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 394.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.15 394.42 Td (190,275) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 394.47 Td (\(30,979) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 394.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 394.42 Td (266,475) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 366.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 342.25 Td (ITEM9.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.67 342.25 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 342.25 Td (CHANGES IN ) Tj ET Q q 0 0 0 rg BT 185.54 342.25 Td (AND DISAGREEMENTS ) Tj ET Q q 0 0 0 rg BT 296.50 342.25 Td (WITH ) Tj ET Q q 0 0 0 rg BT 325.30 342.25 Td (ACCOUNT) Tj ET Q q 0 0 0 rg BT 372.53 342.25 Td (ANTS ON ) Tj ET Q q 0 0 0 rg BT 417.16 342.25 Td (ACCOUNTING ) Tj ET Q q 0 0 0 rg BT 485.41 342.25 Td (AND ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 330.25 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 104.64 330.25 Td ( DISCLOSURE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 306.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 306.25 Td (None.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 270.25 Td (ITEM9A. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 122.00 270.25 Td (CONTROLS ) Tj ET Q q 0 0 0 rg BT 176.91 270.25 Td (AND PROCEDURES) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 246.25 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 88.52 246.25 Td (e Contr) Tj ET Q q 0 0 0 rg BT 118.43 246.25 Td (ols and Pr) Tj ET Q q 0 0 0 rg BT 159.73 246.25 Td (ocedur) Tj ET Q q 0 0 0 rg BT 187.12 246.25 Td (es:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 222.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 222.25 Td (Our management evaluated, with the participation of our Chief Executive Of) Tj ET Q q 0 0 0 rg BT 393.21 222.25 Td (ficer and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 505.77 222.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 523.68 222.25 Td (, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 210.25 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 210.25 Td (fectiveness of our disclosure controls and procedures \(as defined in Rule 13a-15\(e\) under the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 515.21 210.25 Td (Act of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 198.25 Td (1934\) as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.94 198.25 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.33 198.25 Td (, the end of the period covered by this ) Tj ET Q q 0 0 0 rg BT 316.62 198.25 Td (Annual Report on Form 10-K. Based upon that evaluation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 186.25 Td (our Chief Executive Of) Tj ET Q q 0 0 0 rg BT 143.40 186.25 Td (ficer and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 255.95 186.25 Td (ficer concluded that our disclosure controls and procedures were ef) Tj ET Q q 0 0 0 rg BT 524.27 186.25 Td (fective, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 174.25 Td (as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.11 174.25 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.50 174.25 Td (.) Tj ET Q endstream endobj 101 0 obj <>] /Rotate 0 /Contents 102 0 R>> endobj 102 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (47) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Management) Tj ET Q q 0 0 0 rg BT 104.25 742.10 Td (s ) Tj ET Q q 0 0 0 rg BT 110.46 742.10 Td (Annual Report on Internal Contr) Tj ET Q q 0 0 0 rg BT 241.75 742.10 Td (ol Over Financial Reporting:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 718.10 Td (Our management is responsible for establishing and maintaining adequate internal control over financial reporting. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (Our internal control over financial reporting is designed to provide reasonable assurance regarding the reliability of financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (principles. Our internal control over financial reporting includes those policies and procedures that: pertain to the maintenance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (of records that, in reasonable detail, accurately and fairly reflect our transactions and our dispositions of assets; provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (with generally accepted accounting principles, and that our receipts and expenditures are being made only in accordance with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (authorizations of our management and directors; and provide reasonable assurance regarding prevention or timely detection of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (unauthorized acquisition and use or disposition of our assets that could have a material ef) Tj ET Q q 0 0 0 rg BT 406.94 622.10 Td (fect on the financial statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 598.10 Td (Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (Also, projections of any evaluation of ef) Tj ET Q q 0 0 0 rg BT 211.16 586.10 Td (fectiveness to future periods are subject to the risk that controls may become ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 550.10 Td (Management assessed the ef) Tj ET Q q 0 0 0 rg BT 199.39 550.10 Td (fectiveness of our internal control over financial reporting as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.85 550.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.24 550.10 Td (. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (making this assessment, management used the criteria set forth by the Committee of Sponsoring Or) Tj ET Q q 0 0 0 rg BT 447.79 538.10 Td (ganizations of the ) Tj ET Q q 0 0 0 rg BT 521.20 538.10 Td (T) Tj ET Q q 0 0 0 rg BT 526.96 538.10 Td (readway ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (Commission in Internal Control Integrated Framework \(2013\). Based on management) Tj ET Q q 0 0 0 rg BT 409.09 526.10 Td (s assessment using this framework, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (management concluded that, as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.29 514.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.68 514.10 Td (, our internal control over financial reporting was ef) Tj ET Q q 0 0 0 rg BT 461.92 514.10 Td (fective.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 490.10 Td (This ) Tj ET Q q 0 0 0 rg BT 105.73 490.10 Td (Annual Report on Form10-K does not include an attestation report of our independent registered public ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (accounting firm regarding internal control over financial reporting. Management) Tj ET Q q 0 0 0 rg BT 375.16 478.10 Td (s report was not subject to attestation by our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (independent registered public accounting firm pursuant to the Financial Reform Bill passed in July 2010 that permits us to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (provide only management) Tj ET Q q 0 0 0 rg BT 157.19 454.10 Td (s report in this ) Tj ET Q q 0 0 0 rg BT 216.64 454.10 Td (Annual Report on Form10-K.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (Change in Internal Contr) Tj ET Q q 0 0 0 rg BT 151.57 430.10 Td (ol Over Financial Reporting:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 406.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 406.10 Td (e are in the process of implementing a new ERP) Tj ET Q q 0 0 0 rg BT 286.71 406.10 Td ( system. ) Tj ET Q q 0 0 0 rg BT 321.81 406.10 Td (The new ERP) Tj ET Q q 0 0 0 rg BT 376.99 406.10 Td ( system is expected to take several years to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (fully implement, and has and will continue to require significant capital and human resources to deploy) Tj ET Q q 0 0 0 rg BT 462.57 394.10 Td (. ) Tj ET Q q 0 0 0 rg BT 467.39 394.10 Td (The implementation of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (the new ERP) Tj ET Q q 0 0 0 rg BT 101.85 382.10 Td ( system will af) Tj ET Q q 0 0 0 rg BT 160.27 382.10 Td (fect the processes that constitute our internal control over financial reporting \(as defined in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (Rule13a-15\(f\) under the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 234.94 370.10 Td (Act of 1934\) and management has taken steps to ensure that appropriate controls ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (are designed and implemented as each functional area of the new ERP) Tj ET Q q 0 0 0 rg BT 330.91 358.10 Td ( system is enacted.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 334.10 Td (Other than as described above, during our fourth fiscal quarter) Tj ET Q q 0 0 0 rg BT 334.96 334.10 Td (, there was no change in our internal control over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (financial reporting that has materially af) Tj ET Q q 0 0 0 rg BT 210.59 322.10 Td (fected, or is reasonably likely to materially af) Tj ET Q q 0 0 0 rg BT 392.00 322.10 Td (fect, our internal control over financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (reporting.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (ITEM9B.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 93.34 274.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 274.10 Td (OTHER INFORMA) Tj ET Q q 0 0 0 rg BT 205.63 274.10 Td (TION) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 250.10 Td (None.) Tj ET Q endstream endobj 103 0 obj <>] /Rotate 0 /Contents 104 0 R>> endobj 104 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (48) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 284.65 742.25 Td (P) Tj ET Q q 0 0 0 rg BT 290.02 742.25 Td (AR) Tj ET Q q 0 0 0 rg BT 304.11 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 310.60 742.25 Td (III.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (ITEM10.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 91.67 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 718.25 Td (DIRECT) Tj ET Q q 0 0 0 rg BT 159.05 718.25 Td (ORS, EXECUTIVE OFFICERS ) Tj ET Q q 0 0 0 rg BT 295.40 718.25 Td (AND CORPORA) Tj ET Q q 0 0 0 rg BT 365.69 718.25 Td (TE GOVERNANCE) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 249.00 694.25 Td (BOARD OF) Tj ET Q q 0 0 0 rg BT 301.13 694.25 Td ( DIRECT) Tj ET Q q 0 0 0 rg BT 342.34 694.25 Td (ORS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 670.25 Td (The table below provides certain information regarding each of our directors, as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.66 670.25 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.05 670.25 Td (.) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 53 641.730078125 m 72.9921875 641.730078125 l s q 0 0 0 rg BT 53.00 642.98 Td (Name) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 384.8 641.730078125 m 398.128125 641.730078125 l s q 0 0 0 rg BT 384.80 642.98 Td (Age) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.20 650.98 Td (Dir) Tj ET Q q 0 0 0 rg BT 457.61 650.98 Td (ector) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 448.5 641.730078125 m 472.5 641.730078125 l s q 0 0 0 rg BT 448.50 642.98 Td (Region) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 505.05 641.730078125 m 553.85078125 641.730078125 l s q 0 0 0 rg BT 505.05 642.98 Td (Director Since) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 628.42 Td (Donald Anthony) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.50 628.42 Td (67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.00 628.42 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.50 628.42 Td (2006) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 613.42 Td (Clinton J. Blew) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.50 613.42 Td (40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.00 613.42 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.50 613.42 Td (2010) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 598.42 Td (Dennis Carlson) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.50 598.42 Td (56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.00 598.42 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.50 598.42 Td (2001) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 583.42 Td (Curt Eischens) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.50 583.42 Td (65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.00 583.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.50 583.42 Td (1990) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 568.42 Td (Jon Erickson) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.50 568.42 Td (57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.00 568.42 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.65 568.42 Td (2011) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 553.42 Td (Mark Farrell) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.50 553.42 Td (58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.00 553.42 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.50 553.42 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 538.42 Td (Steve Fritel) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.50 538.42 Td (62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.00 538.42 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.50 538.42 Td (2003) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 523.42 Td (Alan Holm) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.50 523.42 Td (57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.00 523.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.50 523.42 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 508.42 Td (David Johnsrud) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.50 508.42 Td (63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.00 508.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.50 508.42 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 493.42 Td (David Kayser) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.50 493.42 Td (58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.00 493.42 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.50 493.42 Td (2006) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 478.42 Td (Randy Knecht) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.50 478.42 Td (67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.00 478.42 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.50 478.42 Td (2001) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 463.42 Td (Greg Kruger) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.50 463.42 Td (58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.00 463.42 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.50 463.42 Td (2008) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 448.42 Td (Edward Malesich) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.50 448.42 Td (64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.00 448.42 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.65 448.42 Td (2011) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 433.42 Td (Perry Meyer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.50 433.42 Td (63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.00 433.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.50 433.42 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 418.42 Td (Steve Riegel) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.50 418.42 Td (65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.00 418.42 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.50 418.42 Td (2006) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 403.42 Td (Daniel Schurr) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.50 403.42 Td (52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.00 403.42 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.50 403.42 Td (2006) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 375.25 Td (The qualifications for our Board of Directors are listed below under Director Elections and ) Tj ET Q q 0 0 0 rg BT 444.24 375.25 Td (V) Tj ET Q q 0 0 0 rg BT 450.18 375.25 Td (oting. In general, our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 363.25 Td (directors operate lar) Tj ET Q q 0 0 0 rg BT 129.78 363.25 Td (ge commercial agricultural enterprises requiring expertise in all areas of management, including financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 351.25 Td (oversight. ) Tj ET Q q 0 0 0 rg BT 92.04 351.25 Td (They also have experience in serving on local cooperative association boards, and participate in a variety of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 339.25 Td (agricultural and community or) Tj ET Q q 0 0 0 rg BT 171.73 339.25 Td (ganizations. Our directors complete the National ) Tj ET Q q 0 0 0 rg BT 368.06 339.25 Td (Association of Corporate Directors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 327.25 Td (comprehensive Director Professionalism course and earn the Certificate of Director Education.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 303.25 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.00 303.25 Td (Donald ) Tj ET Q q 0 0 0 rg BT 118.69 303.25 Td (Anthony) Tj ET Q q 0 0 0 rg BT 153.89 303.25 Td (, assistant secretary-treasurer) Tj ET Q q 0 0 0 rg BT 274.73 303.25 Td (,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.23 303.25 Td ( has been a member of the CHS Board of Directors since 2006. Since ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 291.25 Td (2015, Mr) Tj ET Q q 0 0 0 rg BT 86.67 291.25 Td (. ) Tj ET Q q 0 0 0 rg BT 91.12 291.25 Td (Anthony has served as assistant secretary-treasurer of the Executive Committee of the Board. He serves on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 279.25 Td (Corporate Risk and ) Tj ET Q q 0 0 0 rg BT 129.71 279.25 Td (Audit committees. He holds a bachelor) Tj ET Q q 0 0 0 rg BT 286.15 279.25 Td () Tj ET Q q 0 0 0 rg BT 288.93 279.25 Td (s degree in agricultural economics from the University of Nebraska. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 267.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 61.67 267.25 Td (.) Tj ET Q q 0 0 0 rg BT 66.12 267.25 Td (Anthony) Tj ET Q q 0 0 0 rg BT 103.90 267.25 Td (s principal occupation has been farming for more than five years, and he raises corn, soybeans and alfalfa near ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 255.25 Td (Lexington, Nebraska. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 231.25 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.00 231.25 Td (Clinton J. Blew) Tj ET Q q 0 0 0 rg BT 149.81 231.25 Td (, first vice chairman,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.09 231.25 Td ( has been a member of the CHS Board of Directors since 2010. Since 2017, Mr) Tj ET Q q 0 0 0 rg BT 551.41 231.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 219.25 Td (Blew has served as first vice chairman of the Executive Committee of the Board. He serves on the Government Relations and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 207.25 Td (Corporate Risk committees. He is a member of the board of directors of Mid Kansas Coop \("MKC"\), Moundridge, Kansas, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 195.25 Td (is a member of the Hutchinson Community College ) Tj ET Q q 0 0 0 rg BT 258.86 195.25 Td (Ag ) Tj ET Q q 0 0 0 rg BT 273.03 195.25 Td (Advisory Board, the Kansas Livestock ) Tj ET Q q 0 0 0 rg BT 429.67 195.25 Td (Association, ) Tj ET Q q 0 0 0 rg BT 481.71 195.25 Td (T) Tj ET Q q 0 0 0 rg BT 487.12 195.25 Td (exas Cattle ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 183.25 Td (Feeder) Tj ET Q q 0 0 0 rg BT 77.58 183.25 Td () Tj ET Q q 0 0 0 rg BT 80.36 183.25 Td (s ) Tj ET Q q 0 0 0 rg BT 86.20 183.25 Td (Association and Red ) Tj ET Q q 0 0 0 rg BT 170.91 183.25 Td (Angus ) Tj ET Q q 0 0 0 rg BT 198.97 183.25 Td (Association of ) Tj ET Q q 0 0 0 rg BT 258.96 183.25 Td (America. He holds an applied science degree in farm and ranch ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 171.25 Td (management from Hutchinson Community College. Mr) Tj ET Q q 0 0 0 rg BT 272.19 171.25 Td (.Blew) Tj ET Q q 0 0 0 rg BT 301.08 171.25 Td (s principal occupation has been farming for more than five years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 159.25 Td (and he farms and ranches in a family partnership in southcentral Kansas.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 135.25 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.00 135.25 Td (Dennis Carlson ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.25 135.25 Td (has been a member of the CHS Board of Directors since 2001.He serves on the Corporate Risk and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 123.25 Td (Governance committees. Mr) Tj ET Q q 0 0 0 rg BT 163.57 123.25 Td (.Carlson) Tj ET Q q 0 0 0 rg BT 202.46 123.25 Td (s principal occupation has been farming for more than five years, and he raises wheat, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 111.25 Td (sunflowers and soybeans near Mandan, North Dakota.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 87.25 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.00 87.25 Td (Curt Eischens, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.63 87.25 Td (has been a member of the CHS Board of Directors since 1990. He serves as chairman of the Capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 75.25 Td (Committee. Mr) Tj ET Q q 0 0 0 rg BT 111.11 75.25 Td (. Eischens serves as chairman for Cooperative Network, director of Ralph Morris Foundation and is a member ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 63.25 Td (of the Minnesota Soybean ) Tj ET Q q 0 0 0 rg BT 156.65 63.25 Td (Association, Minnesota Corn Growers ) Tj ET Q q 0 0 0 rg BT 312.47 63.25 Td (Association, Minnesota Farmers Union, Minnesota FF) Tj ET Q q 0 0 0 rg BT 529.77 63.25 Td (A) Tj ET Q q 0 0 0 rg BT 536.44 63.25 Td ( ) Tj ET Q endstream endobj 105 0 obj <>] /Rotate 0 /Contents 106 0 R>> endobj 106 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Alumni ) Tj ET Q q 0 0 0 rg BT 82.50 742.10 Td (Association \(life member\) and the National FF) Tj ET Q q 0 0 0 rg BT 268.94 742.10 Td (A) Tj ET Q q 0 0 0 rg BT 275.61 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 277.56 742.10 Td (Alumni. Mr) Tj ET Q q 0 0 0 rg BT 324.79 742.10 Td (.Eischens) Tj ET Q q 0 0 0 rg BT 367.92 742.10 Td ( principal occupation has been farming for more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (than five years, and he operates a corn and soybean farm near Minneota, Minnesota.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.00 706.10 Td (Jon Erickson, second vice chairman,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.23 706.10 Td ( has been a member of the CHS Board of Directors since 201) Tj ET Q q 0 0 0 rg BT 482.79 706.10 Td (1. Since 2017, he ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (has been second vice chairman of the Executive Committee of the Board. He is chairman of the Government Relations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (Committee and serves on the Corporate Risk Committee. He is a member of the North Dakota Farmers Union and the North ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (Dakota Stockman) Tj ET Q q 0 0 0 rg BT 124.15 670.10 Td (s ) Tj ET Q q 0 0 0 rg BT 129.99 670.10 Td (Association. He holds a bachelor) Tj ET Q q 0 0 0 rg BT 262.27 670.10 Td () Tj ET Q q 0 0 0 rg BT 265.05 670.10 Td (s degree in agricultural economics from North Dakota State University) Tj ET Q q 0 0 0 rg BT 547.92 670.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 61.67 658.10 Td (.Erickson) Tj ET Q q 0 0 0 rg BT 105.00 658.10 Td (s principal occupation has been farming for more than five years, and he raises grains and oilseeds and operates a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (commercial Hereford/Angus cow-calf business near Minot, North Dakota.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 622.10 Td (Mark Farrell ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.23 622.10 Td (has been a member of the CHS Board of Directors since 2016. He serves on the ) Tj ET Q q 0 0 0 rg BT 463.98 622.10 Td (Audit and CHS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (Foundation Finance and Investment committees. He graduated from the University of ) Tj ET Q q 0 0 0 rg BT 395.29 610.10 Td (W) Tj ET Q q 0 0 0 rg BT 404.33 610.10 Td (isconsin-Madison ) Tj ET Q q 0 0 0 rg BT 477.38 610.10 Td (Ag and Life ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (Sciences short course. Mr) Tj ET Q q 0 0 0 rg BT 152.75 598.10 Td (.Farrell) Tj ET Q q 0 0 0 rg BT 187.19 598.10 Td (s principal occupation has been farming for more than five years. He raises corn, soybeans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (and wheat in Dane County) Tj ET Q q 0 0 0 rg BT 155.99 586.10 Td (, ) Tj ET Q q 0 0 0 rg BT 160.81 586.10 Td (W) Tj ET Q q 0 0 0 rg BT 169.85 586.10 Td (isconsin.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.00 562.10 Td (Steve Fritel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.99 562.10 Td (has been a member of the CHS Board of Directors since 2003. He serves on the Capital and Governance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (committees. He earned an associate) Tj ET Q q 0 0 0 rg BT 195.21 550.10 Td (s degree from North Dakota State College of Science. Mr) Tj ET Q q 0 0 0 rg BT 424.59 550.10 Td (.Fritel) Tj ET Q q 0 0 0 rg BT 454.03 550.10 Td (s principal occupation has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (been farming for more than five years. He raises spring wheat, barley) Tj ET Q q 0 0 0 rg BT 326.74 538.10 Td (, soybeans, edible beans, corn and confectionary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (sunflowers near Rugby) Tj ET Q q 0 0 0 rg BT 142.11 526.10 Td (, North Dakota. He also runs a family business dealing with the sale of farm grain storage and related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (equipment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.00 490.10 Td (Alan Holm) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.84 490.10 Td ( has been a member of the CHS Board of Directors since 2013. He is chairman of the Corporate Risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (Committee and serves on the Government Relations Committee. He also serves on the board for Citizens Bank of Minnesota. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 61.67 466.10 Td (. Holm holds an associate) Tj ET Q q 0 0 0 rg BT 166.93 466.10 Td (s degree in machine tool technology from Mankato ) Tj ET Q q 0 0 0 rg BT 373.91 466.10 Td (T) Tj ET Q q 0 0 0 rg BT 379.32 466.10 Td (echnical College. Mr) Tj ET Q q 0 0 0 rg BT 462.91 466.10 Td (.Holm's principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (occupation has been farming for more than five years. He raises corn, soybeans, sweet corn, peas and hay and also has a cow-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (calf herd near Sleepy Eye, Minnesota.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.00 418.10 Td (David Johnsrud, secretary-treasurer) Tj ET Q q 0 0 0 rg BT 235.17 418.10 Td (,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.67 418.10 Td ( has been a member of the CHS Board of Directors since 2012. Since 2017, he ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (has been secretary-treasurer of the Executive Committee of the Board. He serves as a member of the Corporate Risk and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (Governance committees. He also serves as a member of the board for the Cooperative Network. Mr) Tj ET Q q 0 0 0 rg BT 447.92 394.10 Td (. Johnsrud) Tj ET Q q 0 0 0 rg BT 491.81 394.10 Td (s principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (occupation has been farming for more than five years, and he raises corn and soybeans near Starbuck, Minnesota.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.00 358.10 Td (David Kayser) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.27 358.10 Td ( has been a member of the CHS Board of Directors since 2006. He chairs the CHS Foundation Finance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (and Investment Committee. He also serves on the ) Tj ET Q q 0 0 0 rg BT 250.23 346.10 Td (Audit Committee. Mr) Tj ET Q q 0 0 0 rg BT 336.62 346.10 Td (. Kayser is a member of Mitchell ) Tj ET Q q 0 0 0 rg BT 470.84 346.10 Td (T) Tj ET Q q 0 0 0 rg BT 476.25 346.10 Td (echnical Institute ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (Foundation Board. Mr) Tj ET Q q 0 0 0 rg BT 139.17 334.10 Td (.Kayser) Tj ET Q q 0 0 0 rg BT 172.86 334.10 Td () Tj ET Q q 0 0 0 rg BT 175.63 334.10 Td (s principal occupation has been farming for more than five years, and he raises corn, soybeans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (and hay near ) Tj ET Q q 0 0 0 rg BT 103.03 322.10 Td (Alexandria, South Dakota, and operates a cow-calf and feeder) Tj ET Q q 0 0 0 rg BT 351.05 322.10 Td (-calf business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.00 298.10 Td (Randy Knecht) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.62 298.10 Td ( has been a member of the CHS Board of Directors since 2001. He serves on the Government Relations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (and Capital committees. He holds a bachelor) Tj ET Q q 0 0 0 rg BT 229.48 286.10 Td () Tj ET Q q 0 0 0 rg BT 232.26 286.10 Td (s degree in agriculture from South Dakota State University) Tj ET Q q 0 0 0 rg BT 467.10 286.10 Td (. Mr) Tj ET Q q 0 0 0 rg BT 483.77 286.10 Td (.Knecht) Tj ET Q q 0 0 0 rg BT 520.43 286.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (principal occupation has been farming for more than five years, and he operates a diversified family farm operation near ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (Houghton, South Dakota, raising corn, soybeans, alfalfa and beef cattle.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.00 238.10 Td (Greg Kruger) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.50 238.10 Td ( has been a member of the CHS Board of Directors since 2008. He chairs the ) Tj ET Q q 0 0 0 rg BT 448.14 238.10 Td (Audit Committee and also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (serves on the CHS Foundation Finance and Investment Committee. Mr) Tj ET Q q 0 0 0 rg BT 333.85 226.10 Td (.Kruger) Tj ET Q q 0 0 0 rg BT 367.54 226.10 Td () Tj ET Q q 0 0 0 rg BT 370.32 226.10 Td (s principal occupation has been farming for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (more than five years, and he operates a family dairy) Tj ET Q q 0 0 0 rg BT 257.04 214.10 Td (, hog and crop enterprise near Eleva, ) Tj ET Q q 0 0 0 rg BT 405.96 214.10 Td (W) Tj ET Q q 0 0 0 rg BT 415.00 214.10 Td (isconsin.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.00 190.10 Td (Edward Malesich ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.01 190.10 Td (has been a member of the CHS Board of Directors since 201) Tj ET Q q 0 0 0 rg BT 403.07 190.10 Td (1. He serves on the Capital and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (Governance committees. He serves as a member of Montana Stock Growers ) Tj ET Q q 0 0 0 rg BT 357.12 178.10 Td (Association, Montana Grain Growers ) Tj ET Q q 0 0 0 rg BT 509.04 178.10 Td (Association, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (Farm Bureau, Montana Farmers Union and Montana Council of Co-ops. He holds a bachelor) Tj ET Q q 0 0 0 rg BT 422.24 166.10 Td () Tj ET Q q 0 0 0 rg BT 425.01 166.10 Td (s degree in agricultural ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (production from Montana State University) Tj ET Q q 0 0 0 rg BT 219.87 154.10 Td (. Mr) Tj ET Q q 0 0 0 rg BT 236.54 154.10 Td (. Malesich) Tj ET Q q 0 0 0 rg BT 280.98 154.10 Td (s principal occupation has been farming for more than five years, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (he raises ) Tj ET Q q 0 0 0 rg BT 86.66 142.10 Td (Angus cattle, wheat, malt barley and hay near Dillon, Montana.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.00 118.10 Td (Perry Meyer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.37 118.10 Td ( has been a member of the CHS Board of Directors since 2014. He serves on the ) Tj ET Q q 0 0 0 rg BT 460.61 118.10 Td (Audit and Corporate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (Risk committees. He serves as director of Heartland Corn Products Cooperative and is a member of United Farmers Co-op, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (Central Region Cooperative, Minnesota Farm Bureau, Minnesota and Nicollet County corn growers associations, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (Minnesota Pork Producers ) Tj ET Q q 0 0 0 rg BT 158.05 82.10 Td (Association. He serves as president of Steamboat Pork Cooperative, chairman of NU-T) Tj ET Q q 0 0 0 rg BT 506.42 82.10 Td (elecom ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (Board and director of Minnesota ) Tj ET Q q 0 0 0 rg BT 182.84 70.10 Td (V) Tj ET Q q 0 0 0 rg BT 188.95 70.10 Td (alley Lutheran School Foundation. He holds an agricultural mechanics degree from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (Alexandria \(Minnesota\) ) Tj ET Q q 0 0 0 rg BT 148.12 58.10 Td (T) Tj ET Q q 0 0 0 rg BT 153.53 58.10 Td (echnical School. Mr) Tj ET Q q 0 0 0 rg BT 233.79 58.10 Td (.Meyer) Tj ET Q q 0 0 0 rg BT 265.26 58.10 Td () Tj ET Q q 0 0 0 rg BT 268.04 58.10 Td (s principal occupation has been farming for more than five years, and he ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (operates a family farm raising corn, soybean and hogs near New Ulm, Minnesota.) Tj ET Q endstream endobj 107 0 obj <>] /Rotate 0 /Contents 108 0 R>> endobj 108 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (50) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.00 730.10 Td (Steve Riegel) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.26 730.10 Td ( has been a member of the CHS Board of Directors since 2006. He chairs the Governance Committee and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (also serves on the CHS Foundation Finance and Investment Committee. He serves as advisory director of Bucklin \(Kansas\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (National Bank. He attended FortHays \(Kansas\) State University) Tj ET Q q 0 0 0 rg BT 307.90 706.10 Td (, majoring in agriculture, business and animal science. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 61.67 694.10 Td (.Riegel) Tj ET Q q 0 0 0 rg BT 95.55 694.10 Td (s principal occupation has been farming for more than five years, and he raises irrigated corn, soybeans, alfalfa, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (dryland wheat and milo near Ford, Kansas.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 670.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.00 658.10 Td (Daniel Schurr) Tj ET Q q 0 0 0 rg BT 144.63 658.10 Td (, chairman) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.64 658.10 Td (, has been a member of the CHS Board of Directors since 2006. Since 2017, Mr) Tj ET Q q 0 0 0 rg BT 508.46 658.10 Td (. Schurr has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (served as chairman of the Executive Committee of the Board. He serves on the Blackhawk Bank and ) Tj ET Q q 0 0 0 rg BT 455.80 646.10 Td (T) Tj ET Q q 0 0 0 rg BT 461.56 646.10 Td (rust board and audit and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (loan committees and on the Silos and Smokestacks National Heritage ) Tj ET Q q 0 0 0 rg BT 329.94 634.10 Td (Area board. He holds a bachelor) Tj ET Q q 0 0 0 rg BT 459.70 634.10 Td () Tj ET Q q 0 0 0 rg BT 462.48 634.10 Td (s degree in agricultural ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (business with a minor in economics from Iowa State University) Tj ET Q q 0 0 0 rg BT 304.03 622.10 Td (. Mr) Tj ET Q q 0 0 0 rg BT 320.70 622.10 Td (.Schurr) Tj ET Q q 0 0 0 rg BT 352.73 622.10 Td () Tj ET Q q 0 0 0 rg BT 355.51 622.10 Td (s principal occupation has been farming for more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (than five years. He raises corn and soybeans near LeClaire, Iowa, and also operates a commercial trucking business.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (Dir) Tj ET Q q 0 0 0 rg BT 64.26 586.10 Td (ector) Tj ET Q q 0 0 0 rg BT 85.72 586.10 Td ( Elections and ) Tj ET Q q 0 0 0 rg BT 148.05 586.10 Td (V) Tj ET Q q 0 0 0 rg BT 154.36 586.10 Td (oting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 562.10 Td (Director elections are for three-year terms and are open to any qualified candidate. ) Tj ET Q q 0 0 0 rg BT 418.44 562.10 Td (The qualifications for the of) Tj ET Q q 0 0 0 rg BT 530.44 562.10 Td (fice of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (director are as follows:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 538.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 538.10 Td (At the time of declaration of candidacy) Tj ET Q q 0 0 0 rg BT 259.95 538.10 Td (, the individual \(except in the case of an incumbent\) must have the written ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 526.10 Td (endorsement of a locally elected producer board that is part of the CHS system and located within the region from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 514.10 Td (which the individual is to be a candidate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 502.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 502.10 Td (At the time of the election, the individual must be less than 68 years old.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 478.10 Td (The remaining qualifications set forth below must be met at all times commencing six months prior to the time of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (election and while the individual holds of) Tj ET Q q 0 0 0 rg BT 215.89 466.10 Td (fice:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 454.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 454.10 Td (The individual must be a member of CHS or a member of a Cooperative ) Tj ET Q q 0 0 0 rg BT 395.59 454.10 Td (Association Member) Tj ET Q q 0 0 0 rg BT 478.63 454.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 442.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 442.10 Td (The individual must reside in the region from which he or she is to be elected.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 430.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 430.10 Td (The individual must be an active farmer or rancher) Tj ET Q q 0 0 0 rg BT 306.70 430.10 Td (. Active farmer or rancher means an individual whose ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 418.10 Td (primary occupation is that of a farmer or rancher) Tj ET Q q 0 0 0 rg BT 298.51 418.10 Td (, excluding anyone who is an employee of ours or of a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 406.10 Td (Cooperative ) Tj ET Q q 0 0 0 rg BT 154.82 406.10 Td (Association Member) Tj ET Q q 0 0 0 rg BT 237.86 406.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 382.10 Td (The following positions on the Board of Directors will be up for re-election at the 2017 ) Tj ET Q q 0 0 0 rg BT 437.03 382.10 Td (Annual Meeting of Members:) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 53 361.580078125 m 77 361.580078125 l s q 0 0 0 rg BT 53.00 362.83 Td (Region) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 488 361.580078125 m 555.1875 361.580078125 l s q 0 0 0 rg BT 488.00 362.83 Td (Current Incumbent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 348.27 Td (Region 1 \(Minnesota\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 348.27 Td (Curt Eischens) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 333.27 Td (Region 1 \(Minnesota\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 333.27 Td (Perry Meyer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 318.27 Td (Region 2 \(Montana and Wyoming\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 318.27 Td (Edward Malesich) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 303.27 Td (Region 3 \(North Dakota\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 303.27 Td (Jon Erickson) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 288.27 Td (Region 5 \(Connecticut, Delaware, Illinois, Indiana, Kentucky, Ohio, Maine, Maryland, Massachusetts,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 278.27 Td (Michigan, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont, West Virginia,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 268.27 Td (Wisconsin\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 268.27 Td (Greg Kruger) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 253.27 Td (Region 6 \(Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Washington, Utah\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 253.27 Td (Open Seat) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 239.17 Td (Region 7 \(Alabama, Arkansas, Florida, Georgia, Iowa, Louisiana, Missouri, Mississippi, North Carolina,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 229.17 Td (South Carolina, Tennessee\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 229.27 Td (Daniel Schurr) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 214.27 Td (Region 8 \(Colorado, Nebraska, Kansas, New Mexico, Oklahoma, Texas\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 214.27 Td (Clinton J. Blew) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 200.50 Td (_______________________________________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 176.50 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 176.50 Td (V) Tj ET Q q 0 0 0 rg BT 91.93 176.50 Td (oting rights, including those in regard to director elections, arise by virtue of membership in CHS, not because of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 164.50 Td (ownership of any equity or debt instruments; therefore, our preferred stockholders cannot recommend nominees to our Board ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 152.50 Td (of Directors nor vote in regard to director elections unless they are members of CHS.) Tj ET Q endstream endobj 109 0 obj <>] /Rotate 0 /Contents 110 0 R>> endobj 110 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (51) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 249.70 742.25 Td (EXECUTIVE OFFICERS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 718.25 Td (The table below lists our executive of) Tj ET Q q 0 0 0 rg BT 236.33 718.25 Td (ficers as appointed by the CHS Board of Directors.) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 53 697.730078125 m 72.9921875 697.730078125 l s q 0 0 0 rg BT 53.00 698.98 Td (Name) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 237.3 697.730078125 m 250.628125 697.730078125 l s q 0 0 0 rg BT 237.30 698.98 Td (Age) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 259 697.730078125 m 286.55859375 697.730078125 l s q 0 0 0 rg BT 259.00 698.98 Td (Position) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 685.32 Td (Jay Debertin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.65 685.32 Td (57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.00 684.42 Td (President and Chief Executive Officer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 670.32 Td (Shirley Cunningham) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.65 670.32 Td (57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.00 669.42 Td (Executive Vice President, Ag Business and Enterprise Strategy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 655.32 Td (Darin Hunhoff) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.65 655.32 Td (47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.00 654.42 Td (Executive Vice President, Energy and Foods) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 640.32 Td (Timothy Skidmore) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.65 640.32 Td (56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.00 639.42 Td (Executive Vice President and Chief Financial Officer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 625.32 Td (James Zappa) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.65 625.32 Td (53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.00 624.42 Td (Executive Vice President and General Counsel) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 596.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 596.25 Td (Jay Debertin ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.55 596.25 Td (has been) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 176.25 596.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.75 596.25 Td (President and Chief Executive Of) Tj ET Q q 0 0 0 rg BT 312.98 596.25 Td (ficer for CHS since May 2017. He leads the CHS strategic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 584.25 Td (leadership team in strengthening the company by advancing operational excellence, accelerating its focus on results and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 572.25 Td (delivering products and services that help the cooperative) Tj ET Q q 0 0 0 rg BT 282.97 572.25 Td (s owners grow) Tj ET Q q 0 0 0 rg BT 340.65 572.25 Td (. Mr) Tj ET Q q 0 0 0 rg BT 357.32 572.25 Td (. Debertin joined CHS in 1984 in the petroleum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 560.25 Td (division and held a variety of positions in its ener) Tj ET Q q 0 0 0 rg BT 247.29 560.25 Td (gy marketing operations before being named ) Tj ET Q q 0 0 0 rg BT 428.71 560.25 Td (V) Tj ET Q q 0 0 0 rg BT 435.33 560.25 Td (ice President, Crude Oil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 548.25 Td (Supply) Tj ET Q q 0 0 0 rg BT 77.69 548.25 Td (, in 1998. In 2001, his responsibilities included raw material supply) Tj ET Q q 0 0 0 rg BT 346.72 548.25 Td (, refining, pipelines and terminals, trading and risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 535.05 Td (management, and transportation.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 181.07 535.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.82 535.05 Td (From 2005 to 2010, Mr) Tj ET Q q 0 0 0 rg BT 277.44 535.05 Td (. Debertin was Executive ) Tj ET Q q 0 0 0 rg BT 380.27 535.05 Td (V) Tj ET Q q 0 0 0 rg BT 386.90 535.05 Td (ice President and Chief Operating Of) Tj ET Q q 0 0 0 rg BT 535.28 535.05 Td (ficer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 523.05 Td (for Processing at CHS. From 2010 to 2017, he served as Executive ) Tj ET Q q 0 0 0 rg BT 319.78 523.05 Td (V) Tj ET Q q 0 0 0 rg BT 326.40 523.05 Td (ice President of Ener) Tj ET Q q 0 0 0 rg BT 409.79 523.05 Td (gy and Foods where he led refineries, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 511.05 Td (pipelines and terminals, refined fuels, propane, lubricants and transportation and processing and food ingredients at CHS. Mr) Tj ET Q q 0 0 0 rg BT 549.88 511.05 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.05 Td (Debertin serves as board chairman for ) Tj ET Q q 0 0 0 rg BT 204.76 499.05 Td (V) Tj ET Q q 0 0 0 rg BT 210.87 499.05 Td (entura Foods, LLC. He earned a bachelor) Tj ET Q q 0 0 0 rg BT 376.73 499.05 Td () Tj ET Q q 0 0 0 rg BT 379.51 499.05 Td (s degree in economics from the University of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.05 Td (North Dakota and a Master of Business ) Tj ET Q q 0 0 0 rg BT 209.69 487.05 Td (Administration degree from the University of ) Tj ET Q q 0 0 0 rg BT 393.91 487.05 Td (W) Tj ET Q q 0 0 0 rg BT 402.95 487.05 Td (isconsin - Madison.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.05 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.00 463.05 Td (Shirley Cunningham) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.98 463.05 Td ( has been Executive ) Tj ET Q q 0 0 0 rg BT 254.99 463.05 Td (V) Tj ET Q q 0 0 0 rg BT 261.61 463.05 Td (ice President - ) Tj ET Q q 0 0 0 rg BT 320.76 463.05 Td (Ag Business and Enterprise Strategy of CHS since ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 451.05 Td (September 2014. She leads the aligned ) Tj ET Q q 0 0 0 rg BT 206.91 451.05 Td (Ag Business platform, consisting of its International and North ) Tj ET Q q 0 0 0 rg BT 460.77 451.05 Td (America Grain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 439.05 Td (Marketing and ) Tj ET Q q 0 0 0 rg BT 110.54 439.05 Td (Agronomy operations, and enterprise strategy functions, including information technology and marketing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 427.05 Td (communications as well as planning and strategy) Tj ET Q q 0 0 0 rg BT 245.42 427.05 Td (. Ms. Cunningham serves on the boards of ) Tj ET Q q 0 0 0 rg BT 416.88 427.05 Td (V) Tj ET Q q 0 0 0 rg BT 422.99 427.05 Td (entura Foods, LLC, Kemira Oyj, a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.05 Td (global chemical company serving customers in water) Tj ET Q q 0 0 0 rg BT 262.51 415.05 Td (-intensive industries, and Gildan ) Tj ET Q q 0 0 0 rg BT 394.43 415.05 Td (Activewear Inc., a leading manufacturer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.05 Td (and marketer of quality branded basic family apparel. She joined CHS in 2013 as Executive ) Tj ET Q q 0 0 0 rg BT 419.71 403.05 Td (V) Tj ET Q q 0 0 0 rg BT 426.33 403.05 Td (ice President, Enterprise Strategy) Tj ET Q q 0 0 0 rg BT 558.97 403.05 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 391.05 Td (before expanding her role in 2014. She previously served as Chief Information Of) Tj ET Q q 0 0 0 rg BT 377.78 391.05 Td (ficer for Monsanto Company) Tj ET Q q 0 0 0 rg BT 493.50 391.05 Td (. She holds a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 379.05 Td (Master of Business ) Tj ET Q q 0 0 0 rg BT 128.61 379.05 Td (Administration degree from ) Tj ET Q q 0 0 0 rg BT 242.56 379.05 Td (W) Tj ET Q q 0 0 0 rg BT 251.20 379.05 Td (ashington University) Tj ET Q q 0 0 0 rg BT 334.16 379.05 Td (, St. Louis, Missouri.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 355.05 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.00 355.05 Td (Darin Hunhof) Tj ET Q q 0 0 0 rg BT 145.57 355.05 Td (f ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.40 355.05 Td (has been Executive ) Tj ET Q q 0 0 0 rg BT 230.90 355.05 Td (V) Tj ET Q q 0 0 0 rg BT 237.52 355.05 Td (ice President- Ener) Tj ET Q q 0 0 0 rg BT 315.92 355.05 Td (gy and Foods for CHS since May 2017. He leads CHS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 343.05 Td (ener) Tj ET Q q 0 0 0 rg BT 67.03 343.05 Td (gy operations, including refineries, pipelines and terminals, refined fuels, propane, lubricants and transportation. He also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.05 Td (leads CHS Processing and Food Ingredients, which includes canola and soybean processing plants. He is also responsible for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.05 Td (the CHS ) Tj ET Q q 0 0 0 rg BT 86.12 319.05 Td (Aligned Solutions group which provides strategic business advisory services to cooperatives. Mr) Tj ET Q q 0 0 0 rg BT 472.72 319.05 Td (. Hunhof) Tj ET Q q 0 0 0 rg BT 508.09 319.05 Td (f serves on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.05 Td (the board of directors for ) Tj ET Q q 0 0 0 rg BT 151.91 307.05 Td (Ardent Mills, LLC. He joined CHS 25 years ago as a petroleum specialist. He has also been chief ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.05 Td (strategy of) Tj ET Q q 0 0 0 rg BT 92.30 295.05 Td (ficer for CHS and has spent several years in ener) Tj ET Q q 0 0 0 rg BT 287.33 295.05 Td (gy leadership roles, including time as senior vice president of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.05 Td (refined fuels. He earned a bachelor) Tj ET Q q 0 0 0 rg BT 190.29 283.05 Td () Tj ET Q q 0 0 0 rg BT 193.07 283.05 Td (s degree in marketing and business management from Southwest Minnesota State ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.05 Td (University in Marshall, Minnesota. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.05 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.00 247.05 Td (T) Tj ET Q q 0 0 0 rg BT 91.74 247.05 Td (imothy Skidmore ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.52 247.05 Td (has been) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 199.23 247.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.73 247.05 Td (Executive ) Tj ET Q q 0 0 0 rg BT 244.03 247.05 Td (V) Tj ET Q q 0 0 0 rg BT 250.65 247.05 Td (ice President and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 396.26 247.05 Td (ficer since joining CHS in ) Tj ET Q q 0 0 0 rg BT 502.64 247.05 Td (August 2013. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.05 Td (He is responsible for finance, accounting, enterprise credit, financial planning and analysis, internal controls, insurance risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 223.05 Td (management, patron equities, payroll, strategic sourcing, tax and treasury) Tj ET Q q 0 0 0 rg BT 342.59 223.05 Td (. Mr) Tj ET Q q 0 0 0 rg BT 359.26 223.05 Td (. Skidmore serves as a trustee for the Science ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 211.05 Td (Museum of Minnesota, where he serves on the ) Tj ET Q q 0 0 0 rg BT 238.57 211.05 Td (Audit and Finance Committee. Before joining CHS, he served as ) Tj ET Q q 0 0 0 rg BT 500.56 211.05 Td (V) Tj ET Q q 0 0 0 rg BT 507.18 211.05 Td (ice President ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.05 Td (of finance and strategy for Campbell North ) Tj ET Q q 0 0 0 rg BT 224.67 199.05 Td (America. He joined Campbell as assistant treasurer in 2001 and held numerous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 187.05 Td (leadership positions in finance including leading the cash management, corporate finance and international treasury functions. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 175.05 Td (He served in various business unit chief financial of) Tj ET Q q 0 0 0 rg BT 257.54 175.05 Td (ficer roles within Campbell. Prior to that, Mr) Tj ET Q q 0 0 0 rg BT 436.67 175.05 Td (. Skidmore spent 15 years at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 163.05 Td (DuPont Co., holding a variety of financial leadership positions. He holds a bachelor's degree in risk management from the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 151.05 Td (University of Geor) Tj ET Q q 0 0 0 rg BT 125.36 151.05 Td (gia, and a Master of Business ) Tj ET Q q 0 0 0 rg BT 245.06 151.05 Td (Administration in finance from ) Tj ET Q q 0 0 0 rg BT 372.07 151.05 Td (W) Tj ET Q q 0 0 0 rg BT 381.11 151.05 Td (idener University) Tj ET Q q 0 0 0 rg BT 450.16 151.05 Td (, Chester) Tj ET Q q 0 0 0 rg BT 485.31 151.05 Td (, Pennsylvania.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.05 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.00 127.05 Td (James Zappa) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.72 127.05 Td ( has been Executive ) Tj ET Q q 0 0 0 rg BT 222.72 127.05 Td (V) Tj ET Q q 0 0 0 rg BT 229.34 127.05 Td (ice President and General Counsel for CHS since ) Tj ET Q q 0 0 0 rg BT 428.19 127.05 Td (April 2015. He provides counsel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.05 Td (to CHS leadership and the Board of Directors on company strategy) Tj ET Q q 0 0 0 rg BT 317.62 115.05 Td (, government af) Tj ET Q q 0 0 0 rg BT 380.47 115.05 Td (fairs, corporate governance and compliance. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 103.05 Td (He works with the corporate finance team to support Securities and Exchange Commission reporting and compliance, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 91.05 Td (disclosure and investor communications. In addition to his role as general counsel, Mr) Tj ET Q q 0 0 0 rg BT 394.37 91.05 Td (. Zappa currently serves as a director for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 79.05 Td (V) Tj ET Q q 0 0 0 rg BT 56.11 79.05 Td (entura Foods, LLC. He also serves as director for Boy Scouts of ) Tj ET Q q 0 0 0 rg BT 314.40 79.05 Td (America, Northern Star Council, and the Greater ) Tj ET Q q 0 0 0 rg BT 511.65 79.05 Td (T) Tj ET Q q 0 0 0 rg BT 517.06 79.05 Td (win Cities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 67.05 Td (United ) Tj ET Q q 0 0 0 rg BT 79.54 67.05 Td (W) Tj ET Q q 0 0 0 rg BT 88.17 67.05 Td (ay) Tj ET Q q 0 0 0 rg BT 96.96 67.05 Td (. He previously worked at 3M in various roles including ) Tj ET Q q 0 0 0 rg BT 323.69 67.05 Td (V) Tj ET Q q 0 0 0 rg BT 330.31 67.05 Td (ice President, ) Tj ET Q q 0 0 0 rg BT 386.13 67.05 Td (Associate General Counsel and Chief ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 55.05 Td (Compliance Of) Tj ET Q q 0 0 0 rg BT 111.19 55.05 Td (ficer; ) Tj ET Q q 0 0 0 rg BT 134.60 55.05 Td (V) Tj ET Q q 0 0 0 rg BT 141.23 55.05 Td (ice President, ) Tj ET Q q 0 0 0 rg BT 197.05 55.05 Td (Associate General Counsel, International Operations; counsel to the 3M Board) Tj ET Q q 0 0 0 rg BT 514.74 55.05 Td (s ) Tj ET Q endstream endobj 111 0 obj <>] /Rotate 0 /Contents 112 0 R>> endobj 112 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Compensation Committee; ) Tj ET Q q 0 0 0 rg BT 159.44 742.10 Td (Assistant General Counsel for consumer of) Tj ET Q q 0 0 0 rg BT 331.72 742.10 Td (fice business and human resources; and Counsel and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Assistant General Counsel for labor and employment law) Tj ET Q q 0 0 0 rg BT 279.02 730.10 Td (. Prior to joining 3M, he worked for UnitedHealth Group and for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (law firm Dorsey & ) Tj ET Q q 0 0 0 rg BT 128.13 718.10 Td (Whitney) Tj ET Q q 0 0 0 rg BT 161.92 718.10 Td (. He earned a juris doctor degree from the University of Minnesota Law School, a master) Tj ET Q q 0 0 0 rg BT 518.56 718.10 Td () Tj ET Q q 0 0 0 rg BT 521.34 718.10 Td (s degree ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (in communication arts and sciences from the University of Southern California, and a bachelor) Tj ET Q q 0 0 0 rg BT 429.70 706.10 Td () Tj ET Q q 0 0 0 rg BT 432.48 706.10 Td (s degree from Drake University) Tj ET Q q 0 0 0 rg BT 558.45 706.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 139.90 682.10 Td (SECTION16\(a\) BENEFICIAL) Tj ET Q q 0 0 0 rg BT 273.26 682.10 Td ( OWNERSHIP) Tj ET Q q 0 0 0 rg BT 337.44 682.10 Td ( REPOR) Tj ET Q q 0 0 0 rg BT 374.59 682.10 Td (TING COMPLIANCE) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 658.10 Td (Section16\(a\) of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 250.95 658.10 Td (Act of 1934, as amended, requires our executive of) Tj ET Q q 0 0 0 rg BT 455.14 658.10 Td (ficers, directors and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (persons who beneficially own more than 10% of any class of our preferred stock to file initial reports of ownership and reports ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (of changes in ownership with the Securities and Exchange Commission \(Commission\). Such executive of) Tj ET Q q 0 0 0 rg BT 472.52 634.10 Td (ficers, directors and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (greater than 10% beneficial owners are required by the regulations of the Commission to furnish us with copies of all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (Section16\(a\) reports they file.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 586.10 Td (Based solely upon a review of copies of reports on Forms3 and 4 and amendments thereto furnished to us during, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (reports on Form5 and amendments thereto furnished to us with respect to, the fiscal year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.90 574.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.29 574.10 Td (, and based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (further upon written representations received by us with respect to the need to file reports on Form5, no individuals filed late ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (reports required by Section 16\(a\) of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 293.53 550.10 Td (Act of 1934.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 263.35 526.10 Td (CODE OF) Tj ET Q q 0 0 0 rg BT 308.26 526.10 Td ( ETHICS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 502.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 502.10 Td (e have adopted a code of ethics within the meaning of Item406\(b\) of RegulationS-K promulgated by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (Commission. ) Tj ET Q q 0 0 0 rg BT 105.39 490.10 Td (This code of ethics applies to all of our directors, of) Tj ET Q q 0 0 0 rg BT 312.09 490.10 Td (ficers and employees, including our principal executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 478.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 76.06 478.10 Td (, principal financial of) Tj ET Q q 0 0 0 rg BT 164.74 478.10 Td (ficer and principal accounting of) Tj ET Q q 0 0 0 rg BT 295.05 478.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 312.82 478.10 Td (. ) Tj ET Q q 0 0 0 rg BT 317.64 478.10 Td (This code of ethics is part of our broader CHS Global Code ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (of Conduct Policy) Tj ET Q q 0 0 0 rg BT 122.12 466.10 Td (, which is posted on our website. ) Tj ET Q q 0 0 0 rg BT 255.54 466.10 Td (The Internet address for our website is http://www) Tj ET Q q 0 0 0 rg BT 456.78 466.10 Td (.chsinc.com and the CHS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (Global Code of Conduct Policy may be found on the "Compliance" web page, which can be accessed from the "Governance & ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (Compliance" web page, which can be accessed from the "Our Company" web page, which can be accessed from our main web ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (page. ) Tj ET Q q 0 0 0 rg BT 73.70 430.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.33 430.10 Td (e intend to disclose any amendment to, or waiver from, a provision of the code of ethics that applies to our principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (executive of) Tj ET Q q 0 0 0 rg BT 98.96 418.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 116.88 418.10 Td (, principal financial of) Tj ET Q q 0 0 0 rg BT 205.55 418.10 Td (ficer or principal accounting of) Tj ET Q q 0 0 0 rg BT 329.76 418.10 Td (ficer on the "Compliance" web page of our website. ) Tj ET Q q 0 0 0 rg BT 539.34 418.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (information contained on our website is not part of, and is not incorporated in, this report or any other report we file with or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (furnish to the Commission.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.85 370.10 Td (AUDIT) Tj ET Q q 0 0 0 rg BT 262.90 370.10 Td ( COMMITTEE MA) Tj ET Q q 0 0 0 rg BT 348.26 370.10 Td (TTERS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 346.10 Td (The Board of Directors has a separately designated standing ) Tj ET Q q 0 0 0 rg BT 328.42 346.10 Td (Audit Committee for the purpose of overseeing our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (accounting and financial reporting processes and audits of our financial statements. ) Tj ET Q q 0 0 0 rg BT 385.26 334.10 Td (The ) Tj ET Q q 0 0 0 rg BT 402.76 334.10 Td (Audit Committee is comprised of Mr) Tj ET Q q 0 0 0 rg BT 550.80 334.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (Anthony) Tj ET Q q 0 0 0 rg BT 84.35 322.10 Td (, Mr) Tj ET Q q 0 0 0 rg BT 101.02 322.10 Td (. Farrell, Mr) Tj ET Q q 0 0 0 rg BT 149.35 322.10 Td (. Kayser) Tj ET Q q 0 0 0 rg BT 182.27 322.10 Td (, Mr) Tj ET Q q 0 0 0 rg BT 198.94 322.10 Td (. Kruger \(Chairman\), and Mr) Tj ET Q q 0 0 0 rg BT 314.46 322.10 Td (. Meyer) Tj ET Q q 0 0 0 rg BT 345.16 322.10 Td (, each of whom is an independent director) Tj ET Q q 0 0 0 rg BT 512.32 322.10 Td (. ) Tj ET Q q 0 0 0 rg BT 517.14 322.10 Td (The ) Tj ET Q q 0 0 0 rg BT 534.64 322.10 Td (Audit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (Committee has oversight responsibility to our owners relating to our financial statements and the financial reporting process, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (preparation of the financial reports and other financial information provided by us to any governmental or regulatory body) Tj ET Q q 0 0 0 rg BT 538.92 298.10 Td (, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (systems of internal accounting and financial controls, the internal audit function and the annual independent audit of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (financial statements. ) Tj ET Q q 0 0 0 rg BT 134.51 274.10 Td (The ) Tj ET Q q 0 0 0 rg BT 152.01 274.10 Td (Audit Committee assures that the corporate information gathering and reporting systems developed by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (management represent a good faith attempt to provide senior management and the Board of Directors with information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (regarding material acts, events and conditions within CHS. In addition, the ) Tj ET Q q 0 0 0 rg BT 351.05 250.10 Td (Audit Committee is directly responsible for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (appointment, compensation and oversight of the independent registered public accounting firm.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 214.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 214.10 Td (e do not believe that any member of the ) Tj ET Q q 0 0 0 rg BT 255.42 214.10 Td (Audit Committee of the Board of Directors is an "audit committee financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (expert as defined in the Sarbanes-Oxley ) Tj ET Q q 0 0 0 rg BT 216.05 202.10 Td (Act of 2002 and the rules and regulations thereunder) Tj ET Q q 0 0 0 rg BT 425.99 202.10 Td (. ) Tj ET Q q 0 0 0 rg BT 430.43 202.10 Td (As a cooperative, members of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (our Board of Directors are nominated and elected by our members. ) Tj ET Q q 0 0 0 rg BT 320.28 190.10 Td (T) Tj ET Q q 0 0 0 rg BT 325.69 190.10 Td (o ensure geographic representation of our members, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (Board of Directors represents eight regions in which our members are located. ) Tj ET Q q 0 0 0 rg BT 365.55 178.10 Td (The members in each region nominate and elect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (the number of directors for that region as set forth in our bylaws. ) Tj ET Q q 0 0 0 rg BT 311.42 166.10 Td (T) Tj ET Q q 0 0 0 rg BT 316.83 166.10 Td (o be eligible for service as a director) Tj ET Q q 0 0 0 rg BT 462.19 166.10 Td (, a nominee must among ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (other things, \(i\)be an active farmer or rancher) Tj ET Q q 0 0 0 rg BT 234.23 154.10 Td (, \(ii\)be a member of CHS or a Cooperative ) Tj ET Q q 0 0 0 rg BT 409.46 154.10 Td (Association Member and \(iii\)reside ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (in the geographic region from which he or she is nominated. Neither management nor the incumbent directors have any control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (over the nominating process for directors. Because of the nomination procedure and the election process, we cannot ensure that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (an elected director will be an "audit committee financial expert. However) Tj ET Q q 0 0 0 rg BT 347.71 118.10 Td (, many of our directors, including all of the ) Tj ET Q q 0 0 0 rg BT 521.84 118.10 Td (Audit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (Committee members, are financially sophisticated and have experience or background in which they have had significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (financial oversight responsibilities. ) Tj ET Q q 0 0 0 rg BT 192.57 94.10 Td (The current ) Tj ET Q q 0 0 0 rg BT 240.88 94.10 Td (Audit Committee includes directors who have served as presidents or chairmen ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (of local cooperative association boards. Members of the Board of Directors, including the ) Tj ET Q q 0 0 0 rg BT 410.73 82.10 Td (Audit Committee, also operate lar) Tj ET Q q 0 0 0 rg BT 546.34 82.10 Td (ge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (commercial enterprises requiring expertise in all areas of management, including financial oversight.) Tj ET Q endstream endobj 113 0 obj <>] /Rotate 0 /Contents 114 0 R>> endobj 114 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (53) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 742.25 Td ( ITEM1) Tj ET Q q 0 0 0 rg BT 85.62 742.25 Td (1. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 121.50 742.25 Td (EXECUTIVE COMPENSA) Tj ET Q q 0 0 0 rg BT 235.70 742.25 Td (TION) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 223.05 718.25 Td (Compensation Discussion and ) Tj ET Q q 0 0 0 rg BT 352.81 718.25 Td (Analysis) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 694.25 Td (Executive Compensation) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 670.25 Td (Overview) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 646.25 Td (This Compensation Discussion and ) Tj ET Q q 0 0 0 rg BT 228.83 646.25 Td (Analysis describes the material elements of compensation awarded to each of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.25 Td (following executive of) Tj ET Q q 0 0 0 rg BT 139.85 634.25 Td (ficers \(our "Named Executive Of) Tj ET Q q 0 0 0 rg BT 272.02 634.25 Td (ficers"\) for fiscal 2017, which ran from September 1, 2016, through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.25 Td (August 31, 2017:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 589.42 Td (Jay Debertin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.50 589.42 Td (President and Chief Executive Officer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 574.42 Td (Timothy Skidmore) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.50 574.42 Td (Executive Vice President and Chief Financial Officer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 559.42 Td (Shirley Cunningham) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.50 559.42 Td (Executive Vice President, Ag Business and Enterprise Strategy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 544.42 Td (James Zappa) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.50 544.42 Td (Executive Vice President and General Counsel) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 529.42 Td (Darin Hunhoff) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.50 529.42 Td (Executive Vice President, Energy and Foods) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 514.42 Td (Carl Casale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.50 514.42 Td (Former President and Chief Executive Officer) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 486.25 Td (Changes to our Named Executive Of) Tj ET Q q 0 0 0 rg BT 232.78 486.25 Td (ficers during fiscal 2017 included the appointment of Jay Debertin as President ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.25 Td (and Chief Executive Of) Tj ET Q q 0 0 0 rg BT 144.01 474.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 161.92 474.25 Td (, and the addition of Darin Hunhof) Tj ET Q q 0 0 0 rg BT 300.32 474.25 Td (f, our Executive ) Tj ET Q q 0 0 0 rg BT 366.78 474.25 Td (V) Tj ET Q q 0 0 0 rg BT 373.40 474.25 Td (ice President, Ener) Tj ET Q q 0 0 0 rg BT 448.47 474.25 Td (gy and Foods. Carl Casale, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.25 Td (our former President and Chief Executive Of) Tj ET Q q 0 0 0 rg BT 229.26 462.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 247.18 462.25 Td (, left CHS on May 22, 2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 438.25 Td (CHS is an or) Tj ET Q q 0 0 0 rg BT 136.71 438.25 Td (ganization that exists to, among other things, help our owners grow) Tj ET Q q 0 0 0 rg BT 405.46 438.25 Td (. CHS compensation programs are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.25 Td (designed to attract, retain and reward the executives who carry out this promise, and align them around attainment of CHS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.25 Td (short- and long-term success. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 390.25 Td (This section outlines the compensation and benefit programs as well as the materials and factors used to assist us in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.25 Td (making compensation decisions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.25 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 354.25 Td (Compensation Philosophy and Objectives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 330.25 Td (The Governance Committee of our Board of Directors oversees the administration of, and the fundamental changes to, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.25 Td (our executive compensation and benefits programs. ) Tj ET Q q 0 0 0 rg BT 257.86 318.25 Td (The primary principles and objectives in compensating our executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.25 Td (of) Tj ET Q q 0 0 0 rg BT 57.65 306.25 Td (ficers include:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 282.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 282.25 Td (Attract and retain exceptional talent who meet our leadership expectations and are engaged and committed to the long-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 270.25 Td (term success of CHS, by providing market competitive compensation and benefit programs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 258.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 258.25 Td (Align executive rewards to quantifiable annual and long-term performance goals that drive enterprise results and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 246.25 Td (provide competitive returns to our member owners) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 234.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 234.25 Td (Emphasize pay for performance by providing a total direct compensation mix of fixed and variable pay that is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 222.25 Td (primarily weighted on annual and long-term incentives, in order to reward annual and sustained performance over the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 210.25 Td (long term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 198.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 198.25 Td (Ensure compliance with government mandates and regulations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.25 Td (There are no material changes anticipated to our compensation philosophy or objectives for fiscal 2018.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 150.25 Td (Components of Executive Compensation and Benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 126.25 Td (Our executive compensation programs are designed to attract and retain highly qualified executives and to motivate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.25 Td (them to optimize member) Tj ET Q q 0 0 0 rg BT 152.33 114.25 Td (-owner returns by achieving specified goals. ) Tj ET Q q 0 0 0 rg BT 331.81 114.25 Td (The compensation program links executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.25 Td (compensation directly to our annual and long-term financial performance. ) Tj ET Q q 0 0 0 rg BT 347.17 102.25 Td (A) Tj ET Q q 0 0 0 rg BT 353.84 102.25 Td ( significant portion of each executive) Tj ET Q q 0 0 0 rg BT 505.17 102.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.25 Td (compensation is dependent upon meeting financial goals and a smaller portion is linked to individual performance objectives.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 66.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 66.25 Td (Each year) Tj ET Q q 0 0 0 rg BT 124.79 66.25 Td (, the Governance Committee of our Board of Directors reviews our executive compensation policies with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 54.25 Td (respect to the correlation between executive compensation and the creation of member) Tj ET Q q 0 0 0 rg BT 395.54 54.25 Td (-owner value, as well as the ) Tj ET Q endstream endobj 115 0 obj <>] /Rotate 0 /Contents 116 0 R>> endobj 116 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (competitiveness of our executive compensation programs. ) Tj ET Q q 0 0 0 rg BT 284.53 742.10 Td (The Governance Committee, with input from a third-party consultant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (if necessary) Tj ET Q q 0 0 0 rg BT 96.33 730.10 Td (, determines what, if any) Tj ET Q q 0 0 0 rg BT 194.53 730.10 Td (, changes are appropriate to our executive compensation programs, including the incentive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (plan goals applicable to our Named Executive Of) Tj ET Q q 0 0 0 rg BT 246.75 718.10 Td (ficers under the incentive compensation plans to which they and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (employees are eligible. ) Tj ET Q q 0 0 0 rg BT 144.28 706.10 Td (The third-party consultant is chosen and hired directly by the Governance Committee to provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (guidance regarding market competitive levels of base pay) Tj ET Q q 0 0 0 rg BT 279.59 694.10 Td (, annual variable pay and long-term incentive pay) Tj ET Q q 0 0 0 rg BT 477.20 694.10 Td (, as well as market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td (competitive allocations between base pay) Tj ET Q q 0 0 0 rg BT 214.90 682.10 Td (, annual variable pay and long-term incentive pay for our Chief Executive Of) Tj ET Q q 0 0 0 rg BT 523.22 682.10 Td (ficer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td (\(CEO\). ) Tj ET Q q 0 0 0 rg BT 80.98 670.10 Td (The data is shared with our Board of Directors, which makes final decisions regarding our CEO) Tj ET Q q 0 0 0 rg BT 466.99 670.10 Td (s base bay) Tj ET Q q 0 0 0 rg BT 507.43 670.10 Td (, annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.10 Td (incentive pay and long-term incentive pay) Tj ET Q q 0 0 0 rg BT 217.40 658.10 Td (, as well as the allocation of compensation between base pay) Tj ET Q q 0 0 0 rg BT 459.17 658.10 Td (, annual incentive pay ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td (and long-term incentive pay) Tj ET Q q 0 0 0 rg BT 161.31 646.10 Td (. ) Tj ET Q q 0 0 0 rg BT 166.13 646.10 Td (There are no formal policies for allocation between long-term and short-term compensation, other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.10 Td (than the intention of being competitive with the external compensation market for comparable positions and being consistent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.10 Td (with our compensation philosophy and objectives. ) Tj ET Q q 0 0 0 rg BT 252.90 622.10 Td (The Governance Committee recommends to our Board of Directors salary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.10 Td (actions relative to our CEO and approves annual and long-term incentive CEO incentive awards based on performance of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.10 Td (Company compared to the financial tar) Tj ET Q q 0 0 0 rg BT 205.65 598.10 Td (gets and, as applicable, individual performance. In turn, our Board of Directors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (communicates this pay information to our CEO. Our CEO is not involved with the selection of the third-party consultant and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.10 Td (does not participate in, or observe, Governance Committee meetings that concern CEO compensation matters. Based on a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 562.10 Td (review of compensation market data provided by our human resources department \(survey sources and pricing methodology are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 550.10 Td (explained below under Components of Compensation\), with input from a third-party consultant if necessary) Tj ET Q q 0 0 0 rg BT 489.85 550.10 Td (, our CEO ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.10 Td (decides base compensation levels for the other Named Executive Of) Tj ET Q q 0 0 0 rg BT 322.27 538.10 Td (ficers, recommends for Board of Directors approval the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.10 Td (annual and long-term incentive pay plans applicable to the other Named Executive Of) Tj ET Q q 0 0 0 rg BT 393.08 526.10 Td (ficers \(and other employees\) and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.10 Td (communicates base and incentive compensation pay to the other Named Executive Of) Tj ET Q q 0 0 0 rg BT 393.37 514.10 Td (ficers. ) Tj ET Q q 0 0 0 rg BT 420.39 514.10 Td (The day-to-day design and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.10 Td (administration of compensation and benefit plans are managed by our human resources, finance and legal departments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 478.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.14 478.10 Td (e intend to preserve the deductibility) Tj ET Q q 0 0 0 rg BT 239.83 478.10 Td (, under the Internal Revenue Code of 1986, as amended \(the "Internal Revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.10 Td (Code"\), of compensation paid to our executive of) Tj ET Q q 0 0 0 rg BT 246.68 466.10 Td (ficers while maintaining compensation programs to attract and retain highly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.10 Td (qualified executives in a competitive environment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 430.10 Td (In this Compensation Discussion and ) Tj ET Q q 0 0 0 rg BT 236.33 430.10 Td (Analysis, the related compensation tables and the accompanying narratives, all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.10 Td (references to a given year refer to our fiscal year ending on ) Tj ET Q q 0 0 0 rg BT 287.72 418.10 Td (August 31 of that year) Tj ET Q q 0 0 0 rg BT 376.59 418.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 394.10 Td (Components of Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 370.10 Td (Our executive compensation and benefits program consists of seven components. Each component is designed to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.10 Td (competitive within the executive compensation market. In determining competitive compensation levels, we analyze ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 346.10 Td (information from independent compensation surveys, which include information regarding comparable industries, markets, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.10 Td (revenues and companies that compete with us for executive talent. ) Tj ET Q q 0 0 0 rg BT 317.28 334.10 Td (The surveys used for this analysis in fiscal 2017 included a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 322.10 Td (combination of the following sources: ) Tj ET Q q 0 0 0 rg BT 203.64 322.10 Td (AonHewitt ) Tj ET Q q 0 0 0 rg BT 250.40 322.10 Td (T) Tj ET Q q 0 0 0 rg BT 255.81 322.10 Td (otal Compensation Measurement, Hay Group General Market Executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 310.10 Td (Report, Mercer Benchmark Database Executive Compensation Survey and ) Tj ET Q q 0 0 0 rg BT 351.17 310.10 Td (T) Tj ET Q q 0 0 0 rg BT 356.58 310.10 Td (owers ) Tj ET Q q 0 0 0 rg BT 382.78 310.10 Td (W) Tj ET Q q 0 0 0 rg BT 391.41 310.10 Td (atson CDB Executive Compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 298.10 Td (Survey Report. ) Tj ET Q q 0 0 0 rg BT 112.37 298.10 Td (The data extracted from these surveys includes median market rates for base salary) Tj ET Q q 0 0 0 rg BT 443.80 298.10 Td (, annual incentive, total cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 286.10 Td (compensation and total direct compensation. Companies included in the surveys vary by industry) Tj ET Q q 0 0 0 rg BT 437.93 286.10 Td (, revenue and number of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.10 Td (employees, and represent both public and private ownership, as well as non-profit, government and mutual or) Tj ET Q q 0 0 0 rg BT 487.53 274.10 Td (ganizations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 262.10 Td (Compensation paid by a group of industry specific peer companies, which group includes 18 private, public and cooperative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.10 Td (or) Tj ET Q q 0 0 0 rg BT 57.65 250.10 Td (ganizations in the agronomy) Tj ET Q q 0 0 0 rg BT 170.58 250.10 Td (, ener) Tj ET Q q 0 0 0 rg BT 192.61 250.10 Td (gy) Tj ET Q q 0 0 0 rg BT 201.96 250.10 Td (, food and grain industries, is also considered when making compensation decisions.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 539.67 254.63 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.30 250.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 238.10 Td (emphasis of our executive compensation package is weighted more on variable pay through annual variable pay and long-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 226.10 Td (incentive awards. ) Tj ET Q q 0 0 0 rg BT 121.79 226.10 Td (This is consistent with our compensation philosophy of emphasizing a strong link between pay) Tj ET Q q 0 0 0 rg BT 500.80 226.10 Td (, employee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.10 Td (performance and business goals to foster a clear line-of-sight and strong commitment to CHS short-term and long-term success, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.10 Td (and also aligns our programs with general market practices. ) Tj ET Q q 0 0 0 rg BT 290.35 202.10 Td (The goal is to provide our executives with an overall compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.10 Td (package that is competitive in comparable industries, companies and markets. ) Tj ET Q q 0 0 0 rg BT 363.11 190.10 Td (W) Tj ET Q q 0 0 0 rg BT 371.75 190.10 Td (e tar) Tj ET Q q 0 0 0 rg BT 389.05 190.10 Td (get the market median for base pay) Tj ET Q q 0 0 0 rg BT 528.90 190.10 Td (, tar) Tj ET Q q 0 0 0 rg BT 544.27 190.10 Td (get ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.10 Td (total cash and tar) Tj ET Q q 0 0 0 rg BT 117.35 178.10 Td (get total direct compensation, and 75th percentile for total direct compensation for above market performance. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 154.10 Td (For fiscal 2017, base pay was near the market median, and total cash compensation and total direct compensation were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.10 Td (each more than 30% below the market median. ) Tj ET Q q 0 0 0 rg BT 240.08 142.10 Td (These lower actual total cash and total direct compensation levels occurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.10 Td (because only the threshold level award was earned under the CHS ) Tj ET Q q 0 0 0 rg BT 315.80 130.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 347.56 130.10 Td (V) Tj ET Q q 0 0 0 rg BT 353.67 130.10 Td (ariable Pay Plan \(the "Annual ) Tj ET Q q 0 0 0 rg BT 475.04 130.10 Td (V) Tj ET Q q 0 0 0 rg BT 481.16 130.10 Td (ariable Pay Plan" or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.10 Td ("A) Tj ET Q q 0 0 0 rg BT 59.51 118.10 Td (VP"\) and Profit Sharing Plan, and no awards were earned under the CHS Long ) Tj ET Q q 0 0 0 rg BT 377.51 118.10 Td (T) Tj ET Q q 0 0 0 rg BT 382.92 118.10 Td (erm Incentive Plan \(the "L) Tj ET Q q 0 0 0 rg BT 488.27 118.10 Td (TIP"\) for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.10 Td (2015-2017 performance period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.10 Td ( ) Tj ET Q endstream endobj 117 0 obj <>] /Rotate 0 /Contents 118 0 R>> endobj 118 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 742.10 Td (The following table presents a more detailed breakout of each compensation element:) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 52.5 721.580078125 m 57.38671875 721.580078125 l s q 0 0 0 rg BT 52.50 722.83 Td (P) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 57.38671875 721.580078125 m 95.82421875 721.580078125 l s q 0 0 0 rg BT 57.39 722.83 Td (ay Element) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 206.35 721.580078125 m 212.12734375 721.580078125 l s q 0 0 0 rg BT 206.35 722.83 Td (D) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 212.12734375 721.580078125 m 294.5609375 721.580078125 l s q 0 0 0 rg BT 212.13 722.83 Td (efinition of Pay Element) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 417.5 721.580078125 m 422.38671875 721.580078125 l s q 0 0 0 rg BT 417.50 722.83 Td (P) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 422.38671875 721.580078125 m 499.48828125 721.580078125 l s q 0 0 0 rg BT 422.39 722.83 Td (urpose of Pay Element) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 709.17 Td (Base Pay) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.50 709.17 Td (Competitive base level of compensation provided) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.50 699.17 Td (relative to skills, experience, knowledge and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.50 689.17 Td (contributions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.50 709.17 Td (Provides the fundamental element of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.50 699.17 Td (compensation for carrying out duties of the job) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 652.17 Td (Annual Variable Pay) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.50 652.17 Td (Broad-based employee short-term performance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.50 642.17 Td (based variable pay incentive for achieving) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.50 632.17 Td (predetermined annual financial, individual and,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.50 622.17 Td (for purposes of fiscal 2017 only, enterprise non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.50 612.17 Td (financial performance goals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.50 652.17 Td (Provides a direct link between pay and annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.50 642.17 Td (business objectives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.50 632.17 Td (Pay for performance to motivate and encourage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.50 622.17 Td (the achievement of critical business initiatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.50 612.17 Td (Encourages proper expense control and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.50 602.17 Td (containment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 581.17 Td (Profit Sharing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.50 581.17 Td (Broad-based employee short-term performance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.50 571.17 Td (based variable pay incentive for achieving) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.50 561.17 Td (predetermined annual financial and, for purposes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.50 551.17 Td (of fiscal 2017 only, enterprise non-financial) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.50 541.17 Td (performance goals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.50 581.17 Td (Provides a direct link between employee pay ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.50 571.17 Td (and CHS profitability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 517.17 Td (Long-Term Incentive) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 507.17 Td (Plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.50 517.17 Td (Long-term performance based incentive for senior) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.50 507.17 Td (management to achieve predetermined triennial) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.50 497.17 Td (return on adjusted equity performance goals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.50 517.17 Td (Provides a direct link between senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.50 507.17 Td (management pay and long-term strategic business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.50 497.17 Td (objectives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.50 487.17 Td () Tj ET Q q 0 0 0 rg BT 367.95 487.17 Td (Aligns management and member) Tj ET Q q 0 0 0 rg BT 500.21 487.17 Td (-owner ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.50 477.17 Td (interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.50 467.17 Td (Encourages retention of key management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 434.17 Td (Retirement Benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.50 434.17 Td (Retirement benefits under the qualified retirement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.50 424.17 Td (plans are identical to the broad-based retirement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.50 414.17 Td (plans generally available to all full-time) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.50 404.17 Td (employees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.50 434.17 Td (These benefits are a part of our broad-based) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.50 424.17 Td (employee total rewards program designed to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.50 414.17 Td (attract and retain quality employees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 379.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.50 379.17 Td (The supplemental plans include non-qualified) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.50 369.17 Td (retirement benefits that restore qualified benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.50 359.17 Td (contained in our broad-based plans for employees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.50 349.17 Td (whose retirement benefits are limited by salary) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.50 339.17 Td (caps under the Internal Revenue Code. In) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.50 329.17 Td (addition, the plans allow participants to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.50 319.17 Td (voluntarily defer receipt of a portion of their) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.50 309.17 Td (income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.50 379.17 Td (These benefits are provided to attract and retain) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.50 369.17 Td (senior managers with total rewards programs that) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.50 359.17 Td (are competitive with comparable companies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 282.17 Td (Health& Welfare) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 272.17 Td (Benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.50 282.17 Td (Medical, dental, vision, life insurance and short-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.50 272.17 Td (term disability benefits generally available to all) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.50 262.17 Td (full-time employees. Certain officers, including) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.50 252.17 Td (our Named Executive Officers, also are eligible) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.50 242.17 Td (for executive long-term disability benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.50 282.17 Td ( With the exception of executive long-term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.50 272.17 Td (disability, these benefits are a part of our broad-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.50 262.17 Td (based employee total rewards program designed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.50 252.17 Td (to attract and retain quality employees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 215.17 Td (Additional Benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.50 215.17 Td (Additional benefits provided to certain officers,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.50 205.17 Td (including our Named Executive Officers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.50 215.17 Td (These benefits are provided as part of an) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.50 205.17 Td (overall total rewards package that strives to be) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.50 195.17 Td (competitive with comparable companies and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.50 185.17 Td (retain individuals who are critical to CHS) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 146.10 Td (Explanation of Ratio of Salary and Bonus to T) Tj ET Q q 0 0 0 rg BT 234.13 146.10 Td (otal Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 122.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 122.10 Td (The structure of our executive compensation package is focused on a suitable mix of base pay) Tj ET Q q 0 0 0 rg BT 460.55 122.10 Td (, annual variable pay and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 110.10 Td (long-term incentive awards in order to encourage executive of) Tj ET Q q 0 0 0 rg BT 298.10 110.10 Td (ficers and employees to strive to achieve goals that benefit our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 98.10 Td (owners) Tj ET Q q 0 0 0 rg BT 80.97 98.10 Td ( interests over the long term, and to better align our programs with general market practices.) Tj ET Q endstream endobj 119 0 obj <>] /Rotate 0 /Contents 120 0 R>> endobj 120 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (56) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (Fiscal 2017 Executive Compensation Mix at T) Tj ET Q q 0 0 0 rg BT 234.10 742.10 Td (ar) Tj ET Q q 0 0 0 rg BT 242.62 742.10 Td (get) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 718.10 Td (The charts below illustrate the mix of base salary) Tj ET Q q 0 0 0 rg BT 281.45 718.10 Td (, annual variable pay at tar) Tj ET Q q 0 0 0 rg BT 387.33 718.10 Td (get performance, and long-term incentive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (compensation at tar) Tj ET Q q 0 0 0 rg BT 127.63 706.10 Td (get performance for fiscal 2017 for our CEO and the other Named Executive Of) Tj ET Q q 0 0 0 rg BT 447.60 706.10 Td (ficers as a group.) Tj ET Q /GS0 gs q 439.00 0 0 165.00 86.50 524.10 cm /I29 Do Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 500.10 Td (Base Pay:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 476.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 476.10 Td (Base salaries of our Named Executive Of) Tj ET Q q 0 0 0 rg BT 250.81 476.10 Td (ficers represent a fixed form of compensation paid on a semi-monthly basis. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 464.10 Td (The base salaries are generally set at the median level of market data collected through our benchmarking process against other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 452.10 Td (equivalent positions of comparable companies. ) Tj ET Q q 0 0 0 rg BT 239.82 452.10 Td (The individual's actual salary relative to the market median is based on a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 440.10 Td (number of factors, which include, but are not limited to, scope of responsibilities and individual experience.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 428.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 416.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 416.10 Td (Base salaries for our Named Executive Of) Tj ET Q q 0 0 0 rg BT 254.14 416.10 Td (ficers are reviewed on an annual basis or at the time of significant changes in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 404.10 Td (scope and level of responsibilities. Changes in base salaries are determined through review of competitive market data, as well ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 392.10 Td (as individual performance and contribution. Changes are not governed by pre-established weighting factors or merit metrics.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 380.10 Td (The CEO is responsible for this process for the other Named Executive Of) Tj ET Q q 0 0 0 rg BT 347.01 380.10 Td (ficers. ) Tj ET Q q 0 0 0 rg BT 374.04 380.10 Td (The Governance Committee is responsible for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 368.10 Td (this process for the CEO.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 344.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 344.10 Td (Upon electing Mr) Tj ET Q q 0 0 0 rg BT 156.04 344.10 Td (. Debertin to President and CEO in May 2017, the Board of Directors established his base pay level ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 332.10 Td (based on consideration of the significant increase in the scope and importance of his responsibilities, as well as competitive pay ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 320.10 Td (for the CEO position. ) Tj ET Q q 0 0 0 rg BT 137.92 320.10 Td (T) Tj ET Q q 0 0 0 rg BT 143.33 320.10 Td (aking the foregoing into account, the Board of Directors increased Mr) Tj ET Q q 0 0 0 rg BT 422.41 320.10 Td (. Debertin's base salary by 70% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 308.10 Td (upon his election to President and CEO, from his previous position of Executive ) Tj ET Q q 0 0 0 rg BT 373.16 308.10 Td (V) Tj ET Q q 0 0 0 rg BT 379.78 308.10 Td (ice President and Chief Operating Of) Tj ET Q q 0 0 0 rg BT 528.16 308.10 Td (ficer of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 296.10 Td (Ener) Tj ET Q q 0 0 0 rg BT 68.20 296.10 Td (gy and Foods. Mr) Tj ET Q q 0 0 0 rg BT 138.76 296.10 Td (. Skidmore, Ms. Cunningham and Mr) Tj ET Q q 0 0 0 rg BT 288.20 296.10 Td (. Zappa were given base salary increases to ensure their base pay is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 284.10 Td (commensurate with their responsibilities, skills, contributions and competitive pay range. Specifically) Tj ET Q q 0 0 0 rg BT 456.26 284.10 Td (, in fiscal 2017, their base ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 272.10 Td (salary increases were 20%, 3% and 10%, respectively) Tj ET Q q 0 0 0 rg BT 264.04 272.10 Td (. Mr) Tj ET Q q 0 0 0 rg BT 280.71 272.10 Td (. Hunhof) Tj ET Q q 0 0 0 rg BT 316.08 272.10 Td (f was promoted to the position of Executive ) Tj ET Q q 0 0 0 rg BT 493.64 272.10 Td (V) Tj ET Q q 0 0 0 rg BT 500.26 272.10 Td (ice President, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 260.10 Td (Ener) Tj ET Q q 0 0 0 rg BT 68.20 260.10 Td (gy and Foods in May 2017 and received a base pay increase of 20% to reflect to his new responsibilities, compared to his ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 248.10 Td (previous position of Senior ) Tj ET Q q 0 0 0 rg BT 160.42 248.10 Td (V) Tj ET Q q 0 0 0 rg BT 167.04 248.10 Td (ice President and Chief Strategy Of) Tj ET Q q 0 0 0 rg BT 308.77 248.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 326.53 248.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 224.10 Td (Annual V) Tj ET Q q 0 0 0 rg BT 106.69 224.10 Td (ariable Pay:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 200.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 200.10 Td (Named Executive Of) Tj ET Q q 0 0 0 rg BT 169.73 200.10 Td (ficers are covered by the same broad-based ) Tj ET Q q 0 0 0 rg BT 344.37 200.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 376.13 200.10 Td (V) Tj ET Q q 0 0 0 rg BT 382.24 200.10 Td (ariable Pay Plan as other employees, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 188.10 Td (based on the plan provisions, when they retire they receive awards prorated to the period of time eligible. Each Named ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 176.10 Td (Executive Of) Tj ET Q q 0 0 0 rg BT 102.35 176.10 Td (ficer was eligible to participate in the ) Tj ET Q q 0 0 0 rg BT 253.13 176.10 Td (A) Tj ET Q q 0 0 0 rg BT 259.06 176.10 Td (VP) Tj ET Q q 0 0 0 rg BT 271.47 176.10 Td ( for fiscal 2017. ) Tj ET Q q 0 0 0 rg BT 337.11 176.10 Td (T) Tj ET Q q 0 0 0 rg BT 342.52 176.10 Td (ar) Tj ET Q q 0 0 0 rg BT 350.11 176.10 Td (get ) Tj ET Q q 0 0 0 rg BT 364.27 176.10 Td (A) Tj ET Q q 0 0 0 rg BT 370.20 176.10 Td (VP) Tj ET Q q 0 0 0 rg BT 382.62 176.10 Td ( award levels were set with reference to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 164.10 Td (competitive market compensation levels and were intended to motivate our executives by providing annual variable pay awards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 152.10 Td (for the achievement of predetermined goals. Our ) Tj ET Q q 0 0 0 rg BT 246.09 152.10 Td (A) Tj ET Q q 0 0 0 rg BT 252.02 152.10 Td (VP) Tj ET Q q 0 0 0 rg BT 264.44 152.10 Td ( program for fiscal 2017 was based on enterprise-level financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 140.10 Td (performance and specific management business objectives with actual payout dependent on CHS achieving pre-determined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 128.10 Td (enterprise-level financial performance tar) Tj ET Q q 0 0 0 rg BT 215.06 128.10 Td (gets and non-financial individual performance goals. ) Tj ET Q q 0 0 0 rg BT 428.42 128.10 Td (The financial performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 116.10 Td (components included Return on ) Tj ET Q q 0 0 0 rg BT 178.92 116.10 Td (Adjusted Equity \("ROAE"\) and Return on ) Tj ET Q q 0 0 0 rg BT 349.85 116.10 Td (Assets \("ROA"\) tar) Tj ET Q q 0 0 0 rg BT 427.26 116.10 Td (gets for CHS at the enterprise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 104.10 Td (level.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 71.43 108.63 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.06 104.10 Td (The threshold, tar) Tj ET Q q 0 0 0 rg BT 143.69 104.10 Td (get and maximum ROAE and ROA) Tj ET Q q 0 0 0 rg BT 285.62 104.10 Td ( tar) Tj ET Q q 0 0 0 rg BT 298.48 104.10 Td (gets for fiscal 2017 are set forth in the table below) Tj ET Q q 0 0 0 rg BT 498.88 104.10 Td (. ) Tj ET Q q 0 0 0 rg BT 503.70 104.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 92.10 Td (management business objectives include individual performance against specific goals such as business profitability) Tj ET Q q 0 0 0 rg BT 513.73 92.10 Td (, strategic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 80.10 Td (initiatives or talent development. In conjunction with the annual performance appraisal process of our CEO, our Board of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 68.10 Td (Directors reviews the individual non-financial goals, and in turn, determines and approves this portion of the annual variable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 56.10 Td (pay award based upon completion or partial completion of the previously specified goals and principal accountabilities for our ) Tj ET Q endstream endobj 121 0 obj <>] /Rotate 0 /Contents 122 0 R>> endobj 122 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (CEO. Likewise, our CEO uses the same process for determining individual goal attainment for the other Named Executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (Of) Tj ET Q q 0 0 0 rg BT 59.87 730.10 Td (ficers. For purposes of the fiscal 2017 ) Tj ET Q q 0 0 0 rg BT 213.17 730.10 Td (A) Tj ET Q q 0 0 0 rg BT 219.10 730.10 Td (VP) Tj ET Q q 0 0 0 rg BT 230.78 730.10 Td (, an additional component was established that could result in a threshold level ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (payout even if the ROAE tar) Tj ET Q q 0 0 0 rg BT 164.01 718.10 Td (get was not met, but certain performance management and controllable internal expense tar) Tj ET Q q 0 0 0 rg BT 528.95 718.10 Td (gets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (were met. Specifically) Tj ET Q q 0 0 0 rg BT 138.53 706.10 Td (, the performance management tar) Tj ET Q q 0 0 0 rg BT 275.23 706.10 Td (get was for 95% of all exempt-level employees to have performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (assessment and performance goal setting plans completed in the Company) Tj ET Q q 0 0 0 rg BT 349.70 694.10 Td (s online performance management system and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td (controllable expense tar) Tj ET Q q 0 0 0 rg BT 144.83 682.10 Td (get was that total controllable sales, general and administrative expenses for fiscal 2017 would be at or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td (below the budgeted amount for these expenses. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 646.10 Td (CHS financial performance goals and award opportunities under our fiscal 2017 ) Tj ET Q q 0 0 0 rg BT 407.91 646.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 439.67 646.10 Td (V) Tj ET Q q 0 0 0 rg BT 445.78 646.10 Td (ariable Pay Plan were as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.10 Td (follows:) Tj ET Q BT /F2 9.00 Tf ET 0 0 0 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 62.35 598.6463378906251 m 67.84755859375 598.6463378906251 l s q 0 0 0 rg BT 62.35 600.05 Td (P) Tj ET Q BT /F2 9.00 Tf ET 0 0 0 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 67.84755859375 598.6463378906251 m 135.562890625 598.6463378906251 l s q 0 0 0 rg BT 67.85 600.05 Td (erformance Level) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 194.35 608.00 Td (CHS Company) Tj ET Q BT /F2 9.00 Tf ET 0 0 0 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 188.1 597.596337890625 m 258.82119140625 597.596337890625 l s q 0 0 0 rg BT 188.10 599.00 Td (Performance Goal) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 323.85 608.00 Td (CHS Company ) Tj ET Q BT /F2 9.00 Tf ET 0 0 0 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 317.6 597.596337890625 m 388.32119140625 597.596337890625 l s q 0 0 0 rg BT 317.60 599.00 Td (Performance Goal) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 427.80 608.00 Td (Per) Tj ET Q q 0 0 0 rg BT 441.12 608.00 Td (cent of ) Tj ET Q q 0 0 0 rg BT 468.95 608.00 Td (T) Tj ET Q q 0 0 0 rg BT 474.13 608.00 Td (arget) Tj ET Q BT /F2 9.00 Tf ET 0 0 0 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 448.05 597.596337890625 m 473.8810546875 597.596337890625 l s q 0 0 0 rg BT 448.05 599.00 Td (A) Tj ET Q q 0 0 0 rg BT 453.88 599.00 Td (ward) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 578.72 Td (Maximum) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.05 578.72 Td (11.5% Return on Adjusted Equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.10 578.72 Td (11.5% Return on Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.30 578.72 Td (200%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 549.72 Td (Target) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.35 549.72 Td (9.5% Return on Adjusted Equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.40 549.72 Td (9.5% Return on Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.30 549.72 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 520.72 Td (Threshold) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.35 520.72 Td (7.5% Return on Adjusted Equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.40 520.72 Td (7.5% Return on Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.80 520.72 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 491.72 Td (Below Threshold) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.50 491.72 Td (<7.5% Return on Adjusted Equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.60 491.72 Td (<7.5% Return on Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.30 491.72 Td (0%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 456.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 456.10 Td (ROAE is a measurement of our profitability and is calculated by dividing adjusted net income \(earnings\) by adjusted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 444.10 Td (equity) Tj ET Q q 0 0 0 rg BT 73.85 444.10 Td (. ) Tj ET Q q 0 0 0 rg BT 78.67 444.10 Td (T) Tj ET Q q 0 0 0 rg BT 84.08 444.10 Td (o determine the equity and earnings adjustments, we subtract preferred stock dividends \(paid on beginning of the fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 432.10 Td (year preferred stock\) from earnings, and reduce CHS equity by the beginning of the fiscal year preferred stock on the balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 420.10 Td (sheet. Earnings are subject to one-time exclusions or inclusions in any given fiscal year) Tj ET Q q 0 0 0 rg BT 398.29 420.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 396.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 396.10 Td (ROA) Tj ET Q q 0 0 0 rg BT 106.06 396.10 Td ( is a measurement of how well we use our assets to generate earnings and is calculated by dividing operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 384.10 Td (income by total assets minus current liabilities. Net assets is measured at the beginning of the fiscal year) Tj ET Q q 0 0 0 rg BT 466.06 384.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 360.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 360.10 Td (Our Board of Directors approved the ROAE and ROA) Tj ET Q q 0 0 0 rg BT 302.67 360.10 Td ( performance tar) Tj ET Q q 0 0 0 rg BT 368.56 360.10 Td (gets for the fiscal 2017 ) Tj ET Q q 0 0 0 rg BT 462.15 360.10 Td (A) Tj ET Q q 0 0 0 rg BT 468.08 360.10 Td (VP) Tj ET Q q 0 0 0 rg BT 480.50 360.10 Td ( and determined our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 348.10 Td (CEO) Tj ET Q q 0 0 0 rg BT 72.28 348.10 Td (s individual goals. ) Tj ET Q q 0 0 0 rg BT 147.65 348.10 Td (The weighting of our CEO) Tj ET Q q 0 0 0 rg BT 257.63 348.10 Td (s goals for fiscal 2017 was 60% CHS total company ROAE, 20% CHS total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 336.10 Td (company ROA, and 20% principal accountabilities and individual goals. Our CEO determined non-financial individual goals ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 324.10 Td (for the other Named Executive Of) Tj ET Q q 0 0 0 rg BT 185.65 324.10 Td (ficers. ) Tj ET Q q 0 0 0 rg BT 212.68 324.10 Td (The weighting of goals for the other Named Executive Of) Tj ET Q q 0 0 0 rg BT 443.81 324.10 Td (ficers for fiscal 2017 was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 312.10 Td (60% CHS total company ROAE, 20% CHS total company ROA, and 20% individual goals.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 288.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 288.10 Td (For fiscal 2017, CHS achieved an ROAE of) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 0 0 rg BT 261.02 288.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 263.52 288.10 Td (1%. ) Tj ET Q q 0 0 0 rg BT 281.30 288.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 330.64 288.10 Td (, because the 7.5% threshold ROAE was not achieved, no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 276.10 Td (awards relating to fiscal 2017 were earned according to the fiscal 2017 ) Tj ET Q q 0 0 0 rg BT 334.39 276.10 Td (A) Tj ET Q q 0 0 0 rg BT 340.33 276.10 Td (VP) Tj ET Q q 0 0 0 rg BT 355.89 276.10 Td (s primary component. However) Tj ET Q q 0 0 0 rg BT 482.12 276.10 Td (, as described ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 264.10 Td (above, for fiscal 2017, an additional award component was established for the ) Tj ET Q q 0 0 0 rg BT 363.29 264.10 Td (A) Tj ET Q q 0 0 0 rg BT 369.23 264.10 Td (VP) Tj ET Q q 0 0 0 rg BT 381.64 264.10 Td ( based on performance management and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 252.10 Td (internal controllable expense spending tar) Tj ET Q q 0 0 0 rg BT 216.48 252.10 Td (gets. ) Tj ET Q q 0 0 0 rg BT 237.41 252.10 Td (These tar) Tj ET Q q 0 0 0 rg BT 274.15 252.10 Td (gets were met for fiscal 2017, and, accordingly) Tj ET Q q 0 0 0 rg BT 461.49 252.10 Td (, each of the Named ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 240.10 Td (Executive Of) Tj ET Q q 0 0 0 rg BT 102.35 240.10 Td (ficers other than Mr) Tj ET Q q 0 0 0 rg BT 181.49 240.10 Td (. Casale, who left CHS in May 2017, received a threshold level award for all three goal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 228.10 Td (components \(ROAE, ROA) Tj ET Q q 0 0 0 rg BT 156.44 228.10 Td ( and Individual\) under the ) Tj ET Q q 0 0 0 rg BT 262.24 228.10 Td (A) Tj ET Q q 0 0 0 rg BT 268.18 228.10 Td (VP) Tj ET Q q 0 0 0 rg BT 279.85 228.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 204.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 204.10 Td (Annual variable pay earned awards under the ) Tj ET Q q 0 0 0 rg BT 268.48 204.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 300.24 204.10 Td (V) Tj ET Q q 0 0 0 rg BT 306.35 204.10 Td (ariable Pay Plan for fiscal 2017 for the Named Executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 192.10 Td (Of) Tj ET Q q 0 0 0 rg BT 59.87 192.10 Td (ficers are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 181.60 458.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.00 181.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 153.60 458.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.00 153.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 125.60 458.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.00 125.60 55.00 -14.00 re f /GS0 gs BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 172.17 Td (Jay Debertin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.50 172.17 Td (................................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.50 172.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 172.17 Td (862,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 158.17 Td (Timothy Skidmore) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.50 158.17 Td (......................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.50 158.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 158.17 Td (207,550) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 144.17 Td (Shirley Cunningham) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.00 144.17 Td (...................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.50 144.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 144.17 Td (216,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 130.17 Td (James Zappa) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.50 130.17 Td (................................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.50 130.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 130.17 Td (164,780) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 116.17 Td (Darin Hunhoff) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 116.17 Td (.............................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.50 116.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 116.17 Td (175,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 102.17 Td (Carl Casale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.50 102.17 Td (..................................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.50 102.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 102.17 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 67.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 67.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 94.76 67.10 Td (fective for fiscal 2018, the ) Tj ET Q q 0 0 0 rg BT 201.94 67.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 233.70 67.10 Td (V) Tj ET Q q 0 0 0 rg BT 239.81 67.10 Td (ariable Pay Plan ROAE performance metric will be replaced with a Return on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 55.10 Td (Invested Capital \("ROIC"\) metric. ROIC is defined as net operating profit after tax, divided by the sum of funded debt and ) Tj ET Q endstream endobj 123 0 obj <>] /Rotate 0 /Contents 124 0 R>> endobj 124 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (equity) Tj ET Q q 0 0 0 rg BT 73.85 742.10 Td (, where funded debt is defined as the average of the funded debt at the beginning and end of the fiscal year and equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.90 Td (is defined as equity at the beginning of the fiscal year) Tj ET Q q 0 0 0 rg BT 262.77 728.90 Td (.) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 265.27 728.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.32 728.90 Td (Using ROIC provides a clear picture of how ef) Tj ET Q q 0 0 0 rg BT 455.31 728.90 Td (ficiently CHS uses all of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.90 Td (its capital \(owners) Tj ET Q q 0 0 0 rg BT 125.40 716.90 Td ( equity) Tj ET Q q 0 0 0 rg BT 152.24 716.90 Td (, debt and preferred stock\) and the level of returns on that capital. Using ROIC will increase our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.90 Td (executives) Tj ET Q q 0 0 0 rg BT 94.29 704.90 Td ( focus on generating the best return possible on all of our capital deployed in the business. For fiscal 2018, ROA) Tj ET Q q 0 0 0 rg BT 543.09 704.90 Td ( will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.90 Td (continue to be utilized as the second financial metric under the ) Tj ET Q q 0 0 0 rg BT 301.91 692.90 Td (Annual ) Tj ET Q q 0 0 0 rg BT 333.67 692.90 Td (V) Tj ET Q q 0 0 0 rg BT 339.78 692.90 Td (ariable Pay Plan.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 661.90 Td (Profit Sharing:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 637.90 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 637.90 Td (Each Named Executive Of) Tj ET Q q 0 0 0 rg BT 192.21 637.90 Td (ficer is eligible to participate in our Profit Sharing Plan applicable to other employees. ) Tj ET Q q 0 0 0 rg BT 539.44 637.90 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 625.90 Td (purpose of the Profit Sharing Plan is to provide a direct link between employee pay and our profitability) Tj ET Q q 0 0 0 rg BT 465.14 625.90 Td (. ) Tj ET Q q 0 0 0 rg BT 469.59 625.90 Td (Annual profit sharing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 613.90 Td (contributions are calculated as a percent of base pay and annual variable pay \(total earnings\) and are made to the CHS 401\(k\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 601.90 Td (Plan \(the 401\(k\) Plan\) account and Deferred Compensation Plan account of each Named Executive Of) Tj ET Q q 0 0 0 rg BT 459.17 601.90 Td (ficer) Tj ET Q q 0 0 0 rg BT 476.94 601.90 Td (. ) Tj ET Q q 0 0 0 rg BT 481.76 601.90 Td (The levels of profit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 589.90 Td (sharing awards vary in relation to the level of CHS ROAE achieved and are displayed in the following table:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 550.40 283.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.00 550.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.00 550.40 226.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 520.40 283.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.00 520.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.00 520.40 226.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 490.40 283.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.00 490.40 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.00 490.40 226.00 -15.00 re f /GS0 gs BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 52.5 553.380078125 m 147.41015625 553.380078125 l s q 0 0 0 rg BT 52.50 554.63 Td (Return On Adjusted Equity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.00 562.63 Td (Pr) Tj ET Q q 0 0 0 rg BT 433.29 562.63 Td (ofit Sharing) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 438 553.380078125 m 460.9609375 553.380078125 l s q 0 0 0 rg BT 438.00 554.63 Td (A) Tj ET Q q 0 0 0 rg BT 443.18 554.63 Td (ward) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 540.07 Td (11.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.80 540.07 Td (5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 525.07 Td (10.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.80 525.07 Td (4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 510.07 Td (9.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.80 510.07 Td (3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 495.07 Td (8.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.80 495.07 Td (2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 480.07 Td (7.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.80 480.07 Td (1%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 451.90 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 451.90 Td (In addition, for purposes of the fiscal 2017 profit sharing plan year) Tj ET Q q 0 0 0 rg BT 351.70 451.90 Td (, employees were eligible to earn a 1% profit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 439.90 Td (sharing award if our enterprise-level ROAE performance was less than 7.5%, provided the performance management and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 427.90 Td (controllable internal expense tar) Tj ET Q q 0 0 0 rg BT 177.87 427.90 Td (gets, as described under the heading Annual ) Tj ET Q q 0 0 0 rg BT 360.96 427.90 Td (V) Tj ET Q q 0 0 0 rg BT 367.08 427.90 Td (ariable Pay above, were achieved.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 403.90 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 403.90 Td (In fiscal 2017, the minimum 7.5% ROAE threshold was not achieved, however the two enterprise objectives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 391.90 Td (mentioned above were met. ) Tj ET Q q 0 0 0 rg BT 161.96 391.90 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 211.30 391.90 Td (, a one percent profit sharing award was earned by all of the Named Executive Of) Tj ET Q q 0 0 0 rg BT 537.65 391.90 Td (ficers, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 379.90 Td (other than Mr) Tj ET Q q 0 0 0 rg BT 103.93 379.90 Td (. Casale, who left CHS in May 2017. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 355.90 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 355.90 Td (Ef) Tj ET Q q 0 0 0 rg BT 94.76 355.90 Td (fective for fiscal 2018, the Profit Sharing Plan goals will be based on an ROIC performance metric, as described ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 343.90 Td (under the heading Annual ) Tj ET Q q 0 0 0 rg BT 159.84 343.90 Td (V) Tj ET Q q 0 0 0 rg BT 165.95 343.90 Td (ariable Pay above.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 312.90 Td (Long-T) Tj ET Q q 0 0 0 rg BT 97.69 312.90 Td (erm Incentive Plans:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 288.90 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 288.90 Td (Each Named Executive Of) Tj ET Q q 0 0 0 rg BT 192.21 288.90 Td (ficer is eligible to participate in our L) Tj ET Q q 0 0 0 rg BT 340.96 288.90 Td (TIP) Tj ET Q q 0 0 0 rg BT 354.86 288.90 Td (. ) Tj ET Q q 0 0 0 rg BT 359.67 288.90 Td (The purpose of the L) Tj ET Q q 0 0 0 rg BT 442.62 288.90 Td (TIP) Tj ET Q q 0 0 0 rg BT 457.25 288.90 Td ( is to align long-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 276.90 Td (results with long-term performance goals, encourage our Named Executive Of) Tj ET Q q 0 0 0 rg BT 363.09 276.90 Td (ficers to maximize long-term value for our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 264.90 Td (owners, and retain key executives. ) Tj ET Q q 0 0 0 rg BT 189.54 264.90 Td (The L) Tj ET Q q 0 0 0 rg BT 212.78 264.90 Td (TIP) Tj ET Q q 0 0 0 rg BT 227.41 264.90 Td ( consists of three-year performance periods to ensure consideration is made for our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 252.90 Td (long-term sustainability with a new performance period beginning every year) Tj ET Q q 0 0 0 rg BT 358.57 252.90 Td (. Our Board of Directors approves the L) Tj ET Q q 0 0 0 rg BT 517.60 252.90 Td (TIP) Tj ET Q q 0 0 0 rg BT 532.23 252.90 Td ( goals.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 228.90 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 228.90 Td (A) Tj ET Q q 0 0 0 rg BT 91.80 228.90 Td (wards from the L) Tj ET Q q 0 0 0 rg BT 160.03 228.90 Td (TIP) Tj ET Q q 0 0 0 rg BT 174.66 228.90 Td ( are contributed to the CHS Deferred Compensation Plan \(the "Deferred Compensation Plan"\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 216.90 Td (after the end of each performance period. ) Tj ET Q q 0 0 0 rg BT 217.00 216.90 Td (These awards vest over an additional 28-month period following the performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 204.90 Td (period end date. ) Tj ET Q q 0 0 0 rg BT 115.96 204.90 Td (The extended earning and vesting provisions of the L) Tj ET Q q 0 0 0 rg BT 328.32 204.90 Td (TIP) Tj ET Q q 0 0 0 rg BT 342.95 204.90 Td ( are designed to help us retain key executives. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 192.90 Td (Participants who leave CHS prior to retirement for reasons other than death or disability forfeit all unearned and unvested L) Tj ET Q q 0 0 0 rg BT 543.71 192.90 Td (TIP) Tj ET Q q 0 0 0 rg BT 558.34 192.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 180.90 Td (award balances. Participants who meet retirement criteria, die or become disabled receive prorated awards following the L) Tj ET Q q 0 0 0 rg BT 538.38 180.90 Td (TIP) Tj ET Q q 0 0 0 rg BT 553.01 180.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 168.90 Td (rules. Like the ) Tj ET Q q 0 0 0 rg BT 108.93 168.90 Td (Annual ) Tj ET Q q 0 0 0 rg BT 140.69 168.90 Td (V) Tj ET Q q 0 0 0 rg BT 146.80 168.90 Td (ariable Pay Plan, award levels for the L) Tj ET Q q 0 0 0 rg BT 303.60 168.90 Td (TIP) Tj ET Q q 0 0 0 rg BT 318.23 168.90 Td ( are set with regard to competitive considerations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 144.90 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 144.90 Td (For the 3-year L) Tj ET Q q 0 0 0 rg BT 149.84 144.90 Td (TIP) Tj ET Q q 0 0 0 rg BT 164.46 144.90 Td ( period ending in fiscal 2017, the L) Tj ET Q q 0 0 0 rg BT 304.07 144.90 Td (TIP) Tj ET Q q 0 0 0 rg BT 318.70 144.90 Td ( performance measure was based upon our ROAE during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 132.90 Td (period. ) Tj ET Q q 0 0 0 rg BT 79.50 132.90 Td (A) Tj ET Q q 0 0 0 rg BT 85.80 132.90 Td (ward opportunities for the fiscal 2015-2017 L) Tj ET Q q 0 0 0 rg BT 267.62 132.90 Td (TIP) Tj ET Q q 0 0 0 rg BT 282.24 132.90 Td ( are expressed as a percentage of a participant) Tj ET Q q 0 0 0 rg BT 468.25 132.90 Td (s average base salary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 120.90 Td (for the three-year performance period. ) Tj ET Q q 0 0 0 rg BT 204.79 120.90 Td (W) Tj ET Q q 0 0 0 rg BT 213.43 120.90 Td (e must meet a three-year period threshold level of ROAE performance in order for any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 108.90 Td (participant to earn an award payout under the 2015-2017 L) Tj ET Q q 0 0 0 rg BT 284.33 108.90 Td (TIP) Tj ET Q q 0 0 0 rg BT 298.23 108.90 Td (. ) Tj ET Q q 0 0 0 rg BT 302.67 108.90 Td (As indicated in the below table, the threshold, tar) Tj ET Q q 0 0 0 rg BT 499.10 108.90 Td (get, maximum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 96.90 Td (and superior performance maximum ROAE goals for the fiscal 2015-2017 performance period were 8%, 10%, 14% and 20%, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 84.90 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.16 84.90 Td (. ) Tj ET Q endstream endobj 125 0 obj <>] /Rotate 0 /Contents 126 0 R>> endobj 126 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (59) Tj ET Q BT /F2 9.00 Tf ET 0 0 0 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 124.35 728.546337890625 m 129.84755859375 728.546337890625 l s q 0 0 0 rg BT 124.35 729.95 Td (P) Tj ET Q BT /F2 9.00 Tf ET 0 0 0 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 129.84755859375 728.546337890625 m 197.562890625 728.546337890625 l s q 0 0 0 rg BT 129.85 729.95 Td (erformance Level) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 273.40 738.95 Td (CHS ) Tj ET Q q 0 0 0 rg BT 293.99 738.95 Td (Thr) Tj ET Q q 0 0 0 rg BT 308.83 738.95 Td (ee ) Tj ET Q q 0 0 0 rg BT 318.74 738.95 Td (Y) Tj ET Q q 0 0 0 rg BT 324.24 738.95 Td (ear) Tj ET Q BT /F2 9.00 Tf ET 0 0 0 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 291.95 728.546337890625 m 317.95244140625 728.546337890625 l s q 0 0 0 rg BT 291.95 729.95 Td (ROAE) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 415.80 738.95 Td (Per) Tj ET Q q 0 0 0 rg BT 429.12 738.95 Td (cent of ) Tj ET Q q 0 0 0 rg BT 456.95 738.95 Td (T) Tj ET Q q 0 0 0 rg BT 462.13 738.95 Td (arget) Tj ET Q BT /F2 9.00 Tf ET 0 0 0 RG /GS0 gs 0.86 w 0 i [] 0 d 1 J 1 j 3 M 436.05 728.546337890625 m 461.8810546875 728.546337890625 l s q 0 0 0 rg BT 436.05 729.95 Td (A) Tj ET Q q 0 0 0 rg BT 441.88 729.95 Td (ward) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 715.62 Td (Superior Performance Maximum) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.80 715.62 Td (20%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.30 715.62 Td (400%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 700.62 Td (Maximum) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.80 700.62 Td (14%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.30 700.62 Td (200%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 685.62 Td (Target) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.80 685.62 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.30 685.62 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 670.62 Td (Threshold) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.30 670.62 Td (8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.80 670.62 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 655.62 Td (Below Threshold) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.50 655.62 Td (<8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.30 655.62 Td (0%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 639.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 627.00 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 627.00 Td (For the fiscal 2015-2017 performance period, CHS achieved a three-year ROAE result of 5.5%. Because the 8.0% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 615.00 Td (threshold ROAE was not achieved with respect to the fiscal 2015-2017 performance period, no awards relating to the fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 603.00 Td (2015-2017 performance period were earned by any of the Named Executive Of) Tj ET Q q 0 0 0 rg BT 366.69 603.00 Td (ficers under the L) Tj ET Q q 0 0 0 rg BT 436.57 603.00 Td (TIP) Tj ET Q q 0 0 0 rg BT 450.46 603.00 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 579.00 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 579.00 Td (Details for fiscal 2017 awards associated with the fiscal 2017-2019 L) Tj ET Q q 0 0 0 rg BT 361.73 579.00 Td (TIP) Tj ET Q q 0 0 0 rg BT 376.35 579.00 Td ( performance period are provided in the 2017 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 567.00 Td (Grants of Plan-Based ) Tj ET Q q 0 0 0 rg BT 136.99 567.00 Td (A) Tj ET Q q 0 0 0 rg BT 143.29 567.00 Td (wards table. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 543.00 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 543.00 Td (Ef) Tj ET Q q 0 0 0 rg BT 94.76 543.00 Td (fective for the fiscal 2018-2020 performance period, the L) Tj ET Q q 0 0 0 rg BT 326.80 543.00 Td (TIP) Tj ET Q q 0 0 0 rg BT 341.43 543.00 Td ( ROAE performance metric will be replaced with an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 531.00 Td (ROIC performance metric. ROIC is defined as net operating profit after tax, divided by the sum of Funded Debt and Equity) Tj ET Q q 0 0 0 rg BT 543.17 531.00 Td (.For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 519.00 Td (purposes of the fiscal 2018-2020 performance period, the term Funded Debt means the average of the funded debt at each of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 507.00 Td (the beginning of fiscal year 2018 and the end of fiscal year 2020 and the term Equity means equity at the beginning of fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 495.00 Td (year 2018.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 471.00 Td (Other Compensation:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 459.00 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 447.00 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 447.00 Td (T) Tj ET Q q 0 0 0 rg BT 90.91 447.00 Td (o preserve key leadership continuity and bench strength, as well as a total direct compensation opportunity amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 435.00 Td (that is competitive to market, in November 2017, the Board of Directors approved a retention award for certain senior of) Tj ET Q q 0 0 0 rg BT 531.66 435.00 Td (ficers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 423.00 Td (of the company) Tj ET Q q 0 0 0 rg BT 111.05 423.00 Td (, including each of the Named Executive Of) Tj ET Q q 0 0 0 rg BT 286.92 423.00 Td (ficers who both were active participants in the 2015-2017 L) Tj ET Q q 0 0 0 rg BT 525.09 423.00 Td (TIP) Tj ET Q q 0 0 0 rg BT 538.98 423.00 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 411.00 Td (who were active employees of the company on the date the award was approved. ) Tj ET Q q 0 0 0 rg BT 375.58 411.00 Td (The potential award value is the percentage of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 399.00 Td (base salary used for the 2015-2017 L) Tj ET Q q 0 0 0 rg BT 196.87 399.00 Td (TIP) Tj ET Q q 0 0 0 rg BT 211.50 399.00 Td ( awards at the ) Tj ET Q q 0 0 0 rg BT 269.08 399.00 Td (Threshold level, based on the participant) Tj ET Q q 0 0 0 rg BT 434.58 399.00 Td (s job level as of the date the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 387.00 Td (retention award was granted, and will be earned only if a participant continues active employment through January 1, 2020, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 375.00 Td (meets the limited pro ration criteria provided in the award.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 351.00 Td (Retirement Benefits:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 327.00 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 327.00 Td (W) Tj ET Q q 0 0 0 rg BT 94.14 327.00 Td (e provide the following retirement and deferral programs to Named Executive Of) Tj ET Q q 0 0 0 rg BT 419.11 327.00 Td (ficers:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 303.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 303.00 Td (CHS Inc. Pension Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 291.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 291.00 Td (CHS Inc. 401\(k\) Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 279.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 279.00 Td (CHS Inc. Supplemental Executive Retirement Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 267.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 267.00 Td (CHS Inc. Deferred Compensation Plan) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 243.00 Td (CHS Inc. Pension Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 219.00 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 219.00 Td (The CHS Inc. Pension Plan \(the "Pension Plan"\) is a tax-qualified defined benefit pension plan. ) Tj ET Q q 0 0 0 rg BT 469.43 219.00 Td (All Named Executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 207.00 Td (Of) Tj ET Q q 0 0 0 rg BT 59.87 207.00 Td (ficers participate in the Pension Plan. ) Tj ET Q q 0 0 0 rg BT 210.67 207.00 Td (A) Tj ET Q q 0 0 0 rg BT 217.34 207.00 Td ( Named Executive Of) Tj ET Q q 0 0 0 rg BT 304.07 207.00 Td (ficer is fully vested in the Pension Plan after three years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 195.00 Td (\(depending on hire date\) of vesting service. ) Tj ET Q q 0 0 0 rg BT 225.37 195.00 Td (The Pension Plan provides for a lump sum payment of the participant) Tj ET Q q 0 0 0 rg BT 506.15 195.00 Td (s account ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 183.00 Td (balance once the Named Executive Of) Tj ET Q q 0 0 0 rg BT 202.85 183.00 Td (ficer reaches normal retirement age \(or) Tj ET Q q 0 0 0 rg BT 358.20 183.00 Td (, alternatively) Tj ET Q q 0 0 0 rg BT 412.52 183.00 Td (, for a monthly annuity for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 171.00 Td (Named Executive Of) Tj ET Q q 0 0 0 rg BT 133.73 171.00 Td (ficer) Tj ET Q q 0 0 0 rg BT 152.42 171.00 Td () Tj ET Q q 0 0 0 rg BT 155.19 171.00 Td (s lifetime if elected by the Named Executive Of) Tj ET Q q 0 0 0 rg BT 346.05 171.00 Td (ficer\). Compensation and benefits are limited based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 159.00 Td (on limits imposed by the Internal Revenue Code. ) Tj ET Q q 0 0 0 rg BT 247.89 159.00 Td (The normal form of benefit for a single Named Executive Of) Tj ET Q q 0 0 0 rg BT 491.51 159.00 Td (ficer is a life ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 147.00 Td (annuity) Tj ET Q q 0 0 0 rg BT 78.85 147.00 Td (, and for a married Named Executive Of) Tj ET Q q 0 0 0 rg BT 239.71 147.00 Td (ficer the normal form of benefit is a 50% joint and survivor annuity) Tj ET Q q 0 0 0 rg BT 508.98 147.00 Td (. Other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 135.00 Td (annuity forms are also available on an actuarial equivalent basis.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 111.00 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 111.00 Td (A) Tj ET Q q 0 0 0 rg BT 92.17 111.00 Td ( Named Executive Of) Tj ET Q q 0 0 0 rg BT 178.90 111.00 Td (ficer) Tj ET Q q 0 0 0 rg BT 197.58 111.00 Td () Tj ET Q q 0 0 0 rg BT 200.36 111.00 Td (s benefit under the Pension Plan depends on pay credits to their account, which are based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 99.00 Td (on the Named Executive Of) Tj ET Q q 0 0 0 rg BT 160.95 99.00 Td (ficer) Tj ET Q q 0 0 0 rg BT 179.63 99.00 Td () Tj ET Q q 0 0 0 rg BT 182.41 99.00 Td (s total salary and annual variable pay for each year of employment, date of hire, age at date of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 87.00 Td (hire and the length of service, and investment credits, which are computed using the interest crediting rate and the Named ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 75.00 Td (Executive Of) Tj ET Q q 0 0 0 rg BT 102.35 75.00 Td (ficer) Tj ET Q q 0 0 0 rg BT 121.04 75.00 Td () Tj ET Q q 0 0 0 rg BT 123.82 75.00 Td (s account balance at the beginning of the plan year) Tj ET Q q 0 0 0 rg BT 325.68 75.00 Td (.) Tj ET Q endstream endobj 127 0 obj <>] /Rotate 0 /Contents 128 0 R>> endobj 128 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 742.10 Td (The amount of pay credits added to a Named Executive Of) Tj ET Q q 0 0 0 rg BT 320.79 742.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 339.47 742.10 Td () Tj ET Q q 0 0 0 rg BT 342.25 742.10 Td (s account each year is a percentage of the Named ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (Executive Of) Tj ET Q q 0 0 0 rg BT 102.35 730.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 121.04 730.10 Td () Tj ET Q q 0 0 0 rg BT 123.82 730.10 Td (s base salary and annual variable pay plus compensation reduction pursuant to the 401\(k\) Plan, and any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (pretax contribution to any of our welfare benefit plans, paid vacations, paid leaves of absence and pay received if away from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (work due to a sickness or injury) Tj ET Q q 0 0 0 rg BT 176.60 706.10 Td (. ) Tj ET Q q 0 0 0 rg BT 181.42 706.10 Td (The pay credits percentage received is determined on a yearly basis, based on the years of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (benefit service completed as of December 31st of each year) Tj ET Q q 0 0 0 rg BT 287.44 694.10 Td (. ) Tj ET Q q 0 0 0 rg BT 291.89 694.10 Td (A) Tj ET Q q 0 0 0 rg BT 298.56 694.10 Td ( Named Executive Of) Tj ET Q q 0 0 0 rg BT 385.29 694.10 Td (ficer receives one year of benefit service for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td (every calendar year of employment in which the Named Executive Of) Tj ET Q q 0 0 0 rg BT 329.76 682.10 Td (ficer completed at least 1,000hours of service.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 658.10 Td (Pay credits are earned according to the following schedule:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 634.10 Td (Regular Pay Cr) Tj ET Q q 0 0 0 rg BT 112.45 634.10 Td (edits) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 597.60 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 597.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.00 597.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 597.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 567.60 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 567.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.00 567.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 567.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 537.60 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 537.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.00 537.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 537.60 100.00 -15.00 re f /GS0 gs BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 52.5 600.580078125 m 57.833984375 600.580078125 l s q 0 0 0 rg BT 52.50 601.83 Td (Y) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 57.833984375 600.580078125 m 133.58203125 600.580078125 l s q 0 0 0 rg BT 57.39 601.83 Td (ears of Benefit Service) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.15 609.83 Td (Pay Below Social Security) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 375.6 600.580078125 m 441.3890625 600.580078125 l s q 0 0 0 rg BT 375.60 601.83 Td (T) Tj ET Q q 0 0 0 rg BT 380.20 601.83 Td (axable ) Tj ET Q q 0 0 0 rg BT 404.28 601.83 Td (W) Tj ET Q q 0 0 0 rg BT 411.84 601.83 Td (age Base) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.90 609.83 Td (Pay ) Tj ET Q q 0 0 0 rg BT 482.35 609.83 Td (Above Social Security) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 479.6 600.580078125 m 545.3890625 600.580078125 l s q 0 0 0 rg BT 479.60 601.83 Td (T) Tj ET Q q 0 0 0 rg BT 484.20 601.83 Td (axable ) Tj ET Q q 0 0 0 rg BT 508.28 601.83 Td (W) Tj ET Q q 0 0 0 rg BT 515.84 601.83 Td (age Base) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 587.27 Td (1- 3years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.50 587.17 Td (........................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.80 587.27 Td (3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.80 587.27 Td (6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 572.27 Td (4- 7years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.50 572.17 Td (........................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.80 572.27 Td (4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.80 572.27 Td (8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 557.27 Td (8- 11years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.50 557.17 Td (......................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.80 557.27 Td (5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.30 557.27 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 542.27 Td (12- 15years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.50 542.17 Td (....................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.80 542.27 Td (6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.30 542.27 Td (12%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 527.27 Td (16years or more) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 527.17 Td (..............................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.80 527.27 Td (7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.30 527.27 Td (14%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 499.10 Td (Mid Car) Tj ET Q q 0 0 0 rg BT 83.30 499.10 Td (eer Pay Cr) Tj ET Q q 0 0 0 rg BT 126.80 499.10 Td (edits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 475.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 475.10 Td (Employees hired after age40 qualify for the following minimum pay credit:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 427.60 308.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 427.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 427.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 427.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 397.60 308.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.00 397.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 397.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 397.60 100.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358 451.6 m 458 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 451.6 m 462 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 451.6 m 562 451.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 203.50 455.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.90 455.83 Td (Minimum Pay Credit) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 52.5 430.580078125 m 58.27734375 430.580078125 l s q 0 0 0 rg BT 52.50 431.83 Td (A) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 58.27734375 430.580078125 m 118.55078125 430.580078125 l s q 0 0 0 rg BT 58.28 431.83 Td (ge at Date of Hir) Tj ET Q q 0 0 0 rg BT 115.00 431.83 Td (e) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.15 439.83 Td (Pay Below Social Security) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 374.6 430.580078125 m 440.3890625 430.580078125 l s q 0 0 0 rg BT 374.60 431.83 Td (T) Tj ET Q q 0 0 0 rg BT 379.20 431.83 Td (axable ) Tj ET Q q 0 0 0 rg BT 403.28 431.83 Td (W) Tj ET Q q 0 0 0 rg BT 410.84 431.83 Td (age Base) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.90 439.83 Td (Pay ) Tj ET Q q 0 0 0 rg BT 481.35 439.83 Td (Above Social Security) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 478.6 430.580078125 m 544.3890625 430.580078125 l s q 0 0 0 rg BT 478.60 431.83 Td (T) Tj ET Q q 0 0 0 rg BT 483.20 431.83 Td (axable ) Tj ET Q q 0 0 0 rg BT 507.28 431.83 Td (W) Tj ET Q q 0 0 0 rg BT 514.84 431.83 Td (age Base) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 417.27 Td (Age40- 44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.00 417.17 Td (.....................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.80 417.27 Td (4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.80 417.27 Td (8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 402.27 Td (Age45- 49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.00 402.17 Td (.....................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.80 402.27 Td (5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.30 402.27 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 387.27 Td (Age50 or more) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 387.17 Td (...............................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.80 387.27 Td (6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.30 387.27 Td (12%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 359.10 Td (Investment Cr) Tj ET Q q 0 0 0 rg BT 105.51 359.10 Td (edits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 335.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 335.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.14 335.10 Td (e credit a Named Executive Of) Tj ET Q q 0 0 0 rg BT 217.51 335.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 236.19 335.10 Td () Tj ET Q q 0 0 0 rg BT 238.97 335.10 Td (s account at the end of the calendar year with an investment credit based on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 323.10 Td (balance at the beginning of the year) Tj ET Q q 0 0 0 rg BT 191.66 323.10 Td (. ) Tj ET Q q 0 0 0 rg BT 196.48 323.10 Td (The investment credit is based on the average return for one-year U.S.) Tj ET Q q 0 0 0 rg BT 479.53 323.10 Td (T) Tj ET Q q 0 0 0 rg BT 485.29 323.10 Td (reasury bills for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 311.10 Td (the preceding 12-month period. ) Tj ET Q q 0 0 0 rg BT 177.89 311.10 Td (The minimum interest rate under the Pension Plan is 4.65% and the maximum is 10%.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 287.10 Td (CHS Inc. 401\(k\) Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 263.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 263.10 Td (The 401\(k\) Plan is a tax-qualified defined contribution retirement plan. Most full-time, non-union CHS employees are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 251.10 Td (eligible to participate in the 401\(k\) Plan, including each Named Executive Of) Tj ET Q q 0 0 0 rg BT 359.22 251.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 376.98 251.10 Td (. Participants may contribute between 1% and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 239.10 Td (50% of their pay on a pretax basis. ) Tj ET Q q 0 0 0 rg BT 190.67 239.10 Td (W) Tj ET Q q 0 0 0 rg BT 199.30 239.10 Td (e match 100% of the first 1% and 50% of the next 5% of pay contributed each year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 227.10 Td (\(maximum 3.5%\). Our Board of Directors may elect to reduce or eliminate matching contributions for any year or any portion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 215.10 Td (thereof. Participants are 100% vested in their own contributions and are fully vested after two years of service in matching ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 203.10 Td (contributions made on the participant) Tj ET Q q 0 0 0 rg BT 201.68 203.10 Td (s behalf by us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 179.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 179.10 Td (Non-participants are automatically enrolled in the plan at a 3% contribution rate and, ef) Tj ET Q q 0 0 0 rg BT 435.19 179.10 Td (fective each January1, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 167.10 Td (participant) Tj ET Q q 0 0 0 rg BT 95.04 167.10 Td (s contribution will be automatically increased by 1%. ) Tj ET Q q 0 0 0 rg BT 310.63 167.10 Td (This escalation will stop once the participant) Tj ET Q q 0 0 0 rg BT 492.25 167.10 Td (s contribution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 155.10 Td (reaches 10%. ) Tj ET Q q 0 0 0 rg BT 105.13 155.10 Td (The participant may elect to cancel or change these automatic deductions at any time.) Tj ET Q endstream endobj 129 0 obj <>] /Rotate 0 /Contents 130 0 R>> endobj 130 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (61) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (CHS Inc. Supplemental Executive Retir) Tj ET Q q 0 0 0 rg BT 206.58 742.10 Td (ement Plan and CHS Inc. Deferr) Tj ET Q q 0 0 0 rg BT 337.29 742.10 Td (ed Compensation Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 718.10 Td (Because the Internal Revenue Code limits the benefits that may be paid from the Pension Plan and the 401\(k\) Plan, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (CHS Inc. Supplemental Executive Retirement Plan \(the "SERP"\) and the Deferred Compensation Plan were established to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (provide certain employees participating in the qualified plans with supplemental benefits such that, in the aggregate, they equal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td (the benefits they would have been entitled to receive under the qualified plan had these limits not been in ef) Tj ET Q q 0 0 0 rg BT 480.01 682.10 Td (fect. ) Tj ET Q q 0 0 0 rg BT 499.81 682.10 Td (The SERP) Tj ET Q q 0 0 0 rg BT 541.39 682.10 Td ( also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td (includes compensation deferred under the Deferred Compensation Plan that is excluded under the qualified retirement plan. ) Tj ET Q q 0 0 0 rg BT 546.28 670.10 Td (All ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.10 Td (Named Executive Of) Tj ET Q q 0 0 0 rg BT 133.73 658.10 Td (ficers participate in the SERP) Tj ET Q q 0 0 0 rg BT 250.92 658.10 Td (. Participants in the plans are select management or highly compensated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td (employees who have been designated as eligible by our CEO to participate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 622.10 Td (Compensation includes total salary and annual variable pay without regard to limitations on compensation imposed by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.10 Td (the Internal Revenue Code. Company contributions under the Pension Plan and 401\(k\) Plan are not eligible for pay credits.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 586.10 Td (Certain Named Executive Of) Tj ET Q q 0 0 0 rg BT 201.66 586.10 Td (ficers may have accumulated non-qualified plan balances or benefits that have been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.10 Td (carried over from predecessor companies as a result of past mer) Tj ET Q q 0 0 0 rg BT 304.21 574.10 Td (gers and acquisitions. Benefits from the SERP) Tj ET Q q 0 0 0 rg BT 489.09 574.10 Td ( are primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 562.10 Td (funded in a rabbi trust, with a balance at ) Tj ET Q q 0 0 0 rg BT 212.22 562.10 Td (August31, 2017, of $29.6million. Benefits from the plan do not qualify for special tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 550.10 Td (treatment under the Internal Revenue Code.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 526.10 Td (The Deferred Compensation Plan allows eligible Named Executive Of) Tj ET Q q 0 0 0 rg BT 367.45 526.10 Td (ficers to voluntarily defer receipt of up to 75% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.10 Td (of their base salary and up to 100% of their annual variable pay) Tj ET Q q 0 0 0 rg BT 302.65 514.10 Td (. ) Tj ET Q q 0 0 0 rg BT 307.47 514.10 Td (The election must occur prior to the beginning of the calendar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.10 Td (year in which the compensation will be earned. During the year ended ) Tj ET Q q 0 0 0 rg BT 331.90 502.10 Td (August 31, 2017, all of the Named Executive Of) Tj ET Q q 0 0 0 rg BT 525.56 502.10 Td (ficers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.10 Td (were eligible to participate in the Deferred Compensation Plan. Mr) Tj ET Q q 0 0 0 rg BT 316.64 490.10 Td (. Skidmore and Ms. Cunningham participated in the elective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.10 Td (portion of the Deferred Compensation Plan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 454.10 Td (Benefits from the Deferred Compensation Plan are primarily funded in a rabbi trust, with a balance as of ) Tj ET Q q 0 0 0 rg BT 505.65 454.10 Td (August 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.10 Td (2017, of $132.1 million. Benefits from the plan do not qualify for special tax treatment under the Internal Revenue Code.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 418.10 Td (Health& ) Tj ET Q q 0 0 0 rg BT 108.43 418.10 Td (W) Tj ET Q q 0 0 0 rg BT 116.58 418.10 Td (elfare Benefits:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 394.10 Td (Like our other employees, each of the Named Executive Of) Tj ET Q q 0 0 0 rg BT 323.56 394.10 Td (ficers is entitled to receive benefits under our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 382.10 Td (comprehensive health and welfare program. Like non-executive full-time employees, participation in the individual benefit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.10 Td (plans is based on each Named Executive Of) Tj ET Q q 0 0 0 rg BT 225.09 370.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 243.78 370.10 Td () Tj ET Q q 0 0 0 rg BT 246.56 370.10 Td (s annual benefit elections and varies by individual.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 346.10 Td (Medical Plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 322.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 322.10 Td (Named Executive Of) Tj ET Q q 0 0 0 rg BT 169.73 322.10 Td (ficers and their dependents may participate in our medical plan on the same basis as other eligible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 310.10 Td (full-time employees. ) Tj ET Q q 0 0 0 rg BT 134.57 310.10 Td (The plan provides each Named Executive Of) Tj ET Q q 0 0 0 rg BT 314.32 310.10 Td (ficer an opportunity to choose a level of coverage and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 298.10 Td (coverage options with varying deductibles and co-pays in order to pay for hospitalization, physician and prescription drugs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 286.10 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 90.42 286.10 Td (The cost of this coverage is shared by us and the covered Named Executive Of) Tj ET Q q 0 0 0 rg BT 405.13 286.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 422.89 286.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 262.10 Td (Dental, V) Tj ET Q q 0 0 0 rg BT 87.08 262.10 Td (ision, and Hearing Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 238.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 238.10 Td (Named Executive Of) Tj ET Q q 0 0 0 rg BT 169.73 238.10 Td (ficers and their dependents may participate in our dental, vision, and hearing plan on the same ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 226.10 Td (basis as other eligible full-time employees. ) Tj ET Q q 0 0 0 rg BT 223.44 226.10 Td (The plan provides coverage for basic dental, vision and hearing expenses. ) Tj ET Q q 0 0 0 rg BT 520.66 226.10 Td (The cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.10 Td (of this coverage is shared by us and the covered Named Executive Of) Tj ET Q q 0 0 0 rg BT 327.55 214.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 345.32 214.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 190.10 Td (Life, ) Tj ET Q q 0 0 0 rg BT 69.88 190.10 Td (AD&D and Dependent Life Insurance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 166.10 Td (Named Executive Of) Tj ET Q q 0 0 0 rg BT 169.73 166.10 Td (ficers and their dependents may participate in our basic life, optional life, accidental death and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.10 Td (dismemberment \(AD&D\) and dependent life plans on the same basis as other eligible full-time employees. ) Tj ET Q q 0 0 0 rg BT 479.20 154.10 Td (The plans allow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.10 Td (Named Executive Of) Tj ET Q q 0 0 0 rg BT 133.73 142.10 Td (ficers an opportunity to purchase group life insurance on the same basis as other eligible full-time ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.10 Td (employees. Basic life insurance equal to one times pay will be provided at our expense on the same basis as other eligible full-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.10 Td (time employees. Named Executive Of) Tj ET Q q 0 0 0 rg BT 201.77 118.10 Td (ficers can choose various coverage levels of optional life insurance at their own expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.10 Td (on the same basis as other eligible full-time employees.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 82.10 Td (Short- and Long-term Disability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 58.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 58.10 Td (Named Executive Of) Tj ET Q q 0 0 0 rg BT 169.73 58.10 Td (ficers participate in our Short-T) Tj ET Q q 0 0 0 rg BT 295.65 58.10 Td (erm Disability Plan \(STD\) on the same basis as other eligible full-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 46.10 Td (time employees. ) Tj ET Q q 0 0 0 rg BT 117.36 46.10 Td (The Named Executive Of) Tj ET Q q 0 0 0 rg BT 219.63 46.10 Td (ficers also participate in an executive Long-T) Tj ET Q q 0 0 0 rg BT 400.52 46.10 Td (erm Disability Plan \(L) Tj ET Q q 0 0 0 rg BT 489.31 46.10 Td (TD\). ) Tj ET Q q 0 0 0 rg BT 510.79 46.10 Td (These plans ) Tj ET Q endstream endobj 131 0 obj <>] /Rotate 0 /Contents 132 0 R>> endobj 132 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (replace a portion of income in the event that a Named Executive Of) Tj ET Q q 0 0 0 rg BT 319.76 742.10 Td (ficer is disabled under the terms of the plan and is unable to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (work full-time. ) Tj ET Q q 0 0 0 rg BT 112.36 730.10 Td (The cost of STD and L) Tj ET Q q 0 0 0 rg BT 203.37 730.10 Td (TD coverage is paid by CHS.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (Flexible Spending ) Tj ET Q q 0 0 0 rg BT 124.29 706.10 Td (Accounts/Health Savings ) Tj ET Q q 0 0 0 rg BT 226.87 706.10 Td (Accounts/Health Reimbursement ) Tj ET Q q 0 0 0 rg BT 360.55 706.10 Td (Accounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 682.10 Td (Named Executive Of) Tj ET Q q 0 0 0 rg BT 169.73 682.10 Td (ficers may participate in our Flexible Spending ) Tj ET Q q 0 0 0 rg BT 359.96 682.10 Td (Account \(FSA\), Health Savings ) Tj ET Q q 0 0 0 rg BT 489.11 682.10 Td (Account \(HSA\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td (or Health Reimbursement ) Tj ET Q q 0 0 0 rg BT 154.75 670.10 Td (Account \(HRA\) on the same basis as other eligible full-time employees. ) Tj ET Q q 0 0 0 rg BT 445.61 670.10 Td (The FSA) Tj ET Q q 0 0 0 rg BT 481.45 670.10 Td ( and HSA) Tj ET Q q 0 0 0 rg BT 520.34 670.10 Td ( provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.10 Td (Named Executive Of) Tj ET Q q 0 0 0 rg BT 133.73 658.10 Td (ficers an opportunity to pay for certain eligible medical expenses on a pretax basis. ) Tj ET Q q 0 0 0 rg BT 467.60 658.10 Td (The HRA) Tj ET Q q 0 0 0 rg BT 506.21 658.10 Td ( provides ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td (Named Executive Of) Tj ET Q q 0 0 0 rg BT 133.73 646.10 Td (ficers an opportunity to pay for certain eligible medical expenses incurred during the year on a pretax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.10 Td (basis. Contributions to the FSA) Tj ET Q q 0 0 0 rg BT 174.79 634.10 Td ( and HSA) Tj ET Q q 0 0 0 rg BT 213.68 634.10 Td ( are made by the Named Executive Of) Tj ET Q q 0 0 0 rg BT 366.49 634.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 384.26 634.10 Td (. Contributions to the HRA) Tj ET Q q 0 0 0 rg BT 492.32 634.10 Td ( are made by us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.10 Td (and are based on the medical option selected and range between $400 and $800.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (T) Tj ET Q q 0 0 0 rg BT 54.51 586.10 Td (ravel ) Tj ET Q q 0 0 0 rg BT 77.38 586.10 Td (Assistance Pr) Tj ET Q q 0 0 0 rg BT 131.72 586.10 Td (ogram and Identity Theft Pr) Tj ET Q q 0 0 0 rg BT 243.56 586.10 Td (otection) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 562.10 Td (Like other non-executive full-time employees, each of the Named Executive Of) Tj ET Q q 0 0 0 rg BT 404.36 562.10 Td (ficers is covered by our travel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 550.10 Td (assistance program and identity theft protection program. ) Tj ET Q q 0 0 0 rg BT 280.92 550.10 Td (The travel assistance program provides accidental death and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.10 Td (dismemberment protection should a covered injury or death occur while on a business trip. ) Tj ET Q q 0 0 0 rg BT 415.06 538.10 Td (The identity theft protection ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.10 Td (program provides credit monitoring and restoration services to protect against identity theft.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 502.10 Td (Additional Benefits:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 478.10 Td (Certain benefits such as executive physical and limited financial planning assistance are available to our Named ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.10 Td (Executive Of) Tj ET Q q 0 0 0 rg BT 102.35 466.10 Td (ficers. ) Tj ET Q q 0 0 0 rg BT 129.38 466.10 Td (These are provided as part of an overall total rewards package that strives to be competitive with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.10 Td (comparable companies and retain individuals who are critical to CHS. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 430.10 Td (Agreements with Named Executive Of) Tj ET Q q 0 0 0 rg BT 224.53 430.10 Td (ficers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 406.10 Td (On May 22, 2017, Mr) Tj ET Q q 0 0 0 rg BT 172.72 406.10 Td (. Debertin was elected as our President and CEO. In connection with Mr) Tj ET Q q 0 0 0 rg BT 461.54 406.10 Td (.Debertin) Tj ET Q q 0 0 0 rg BT 504.30 406.10 Td (s election as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.10 Td (President and CEO, the Company and Mr) Tj ET Q q 0 0 0 rg BT 215.87 394.10 Td (.Debertin entered into an employment agreement, dated as of May22, 2017 \(the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 382.10 Td (Employment ) Tj ET Q q 0 0 0 rg BT 103.11 382.10 Td (Agreement\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 365.10 Td (The Employment ) Tj ET Q q 0 0 0 rg BT 157.16 365.10 Td (Agreement supersedes previous agreements we had with Mr) Tj ET Q q 0 0 0 rg BT 397.92 365.10 Td (. Debertin, including the ) Tj ET Q q 0 0 0 rg BT 497.34 365.10 Td (April 6, 2015, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (Supplemental Project Milestone Incentive Plan with Mr) Tj ET Q q 0 0 0 rg BT 272.24 353.10 Td (. Debertin \(the Supplemental Plan\) pursuant to which Mr) Tj ET Q q 0 0 0 rg BT 499.70 353.10 Td (. Debertin was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (eligible to receive a cash award of up to $120,000 for each of the years ending ) Tj ET Q q 0 0 0 rg BT 364.66 341.10 Td (August 31, 2015, 2016, 2017, and 2018, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (depending upon achievement of certain milestones with respect to new projects. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 300.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 300.10 Td (Pursuant to the terms of the Employment ) Tj ET Q q 0 0 0 rg BT 251.87 300.10 Td (Agreement, Mr) Tj ET Q q 0 0 0 rg BT 312.96 300.10 Td (. Debertin is entitled to, among other things:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 276.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 276.10 Td (An annual base salary of $1,150,000, subject to increase by our Board of Directors from time to time;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 252.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 252.10 Td (A) Tj ET Q q 0 0 0 rg BT 128.17 252.10 Td ( tar) Tj ET Q q 0 0 0 rg BT 141.04 252.10 Td (get annual incentive compensation award, beginning with fiscal 2017, of 150% of his base salary with a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 240.10 Td (maximum potential annual incentive compensation award of 300% of his base salary) Tj ET Q q 0 0 0 rg BT 460.47 240.10 Td (, based on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 228.10 Td (achievement of performance tar) Tj ET Q q 0 0 0 rg BT 248.75 228.10 Td (gets set by our Board of Directors; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 204.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 204.10 Td (A) Tj ET Q q 0 0 0 rg BT 128.17 204.10 Td ( tar) Tj ET Q q 0 0 0 rg BT 141.04 204.10 Td (get long-term incentive compensation award of 150% of his average base salary during the three-year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 192.10 Td (performance period applicable to that award opportunity) Tj ET Q q 0 0 0 rg BT 346.88 192.10 Td (, with a maximum superior performance potential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 180.10 Td (long-term incentive compensation award of 500% of his average base salary during the three-year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 168.10 Td (performance period applicable to that award.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 144.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 144.10 Td (The Employment ) Tj ET Q q 0 0 0 rg BT 157.16 144.10 Td (Agreement provides that in the event of a restatement of our financial results due to material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 132.10 Td (noncompliance with financial reporting requirements, if our Board of Directors determines in good faith that any compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 120.10 Td (paid \(or payable but not yet paid\) to Mr) Tj ET Q q 0 0 0 rg BT 207.24 120.10 Td (. Debertin was awarded or determined based on that material noncompliance, then we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 108.10 Td (are entitled to recover from him \(or to reduce compensation determined but not yet paid\) all compensation based on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 96.10 Td (erroneous financial data in excess of what would have been paid or been payable to him under the restatement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 72.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 72.10 Td (The severance pay and benefits to which Mr) Tj ET Q q 0 0 0 rg BT 262.38 72.10 Td (.Debertin would be entitled if we terminated his employment without ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 60.10 Td (cause or) Tj ET Q q 0 0 0 rg BT 82.14 60.10 Td (, if he terminated his employment for good reason are described below under Post Employment.) Tj ET Q endstream endobj 133 0 obj <>] /Rotate 0 /Contents 134 0 R>> endobj 134 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 742.10 Td (In connection with the end of Mr) Tj ET Q q 0 0 0 rg BT 217.14 742.10 Td (.Casale) Tj ET Q q 0 0 0 rg BT 251.57 742.10 Td (s employment with the Company) Tj ET Q q 0 0 0 rg BT 383.68 742.10 Td (, on May22, 2017, the Company and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 61.17 730.10 Td (.Casale entered into a Separation ) Tj ET Q q 0 0 0 rg BT 196.96 730.10 Td (Agreement, dated May22, 2017 \(the "Separation ) Tj ET Q q 0 0 0 rg BT 395.71 730.10 Td (Agreement"\). ) Tj ET Q q 0 0 0 rg BT 452.36 730.10 Td (The Separation ) Tj ET Q q 0 0 0 rg BT 515.12 730.10 Td (Agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (provides for the following severance pay and benefits, which were previously provided for in Mr) Tj ET Q q 0 0 0 rg BT 436.89 718.10 Td (.Casale) Tj ET Q q 0 0 0 rg BT 471.32 718.10 Td (s September1, 2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (Employment ) Tj ET Q q 0 0 0 rg BT 103.11 706.10 Td (Agreement: \(1\)payment of 200% of Mr) Tj ET Q q 0 0 0 rg BT 263.06 706.10 Td (.Casale) Tj ET Q q 0 0 0 rg BT 297.50 706.10 Td (s base salary) Tj ET Q q 0 0 0 rg BT 347.39 706.10 Td (, in the amount of $2,102,000, and 200% of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 61.17 694.10 Td (.Casale) Tj ET Q q 0 0 0 rg BT 95.60 694.10 Td (s tar) Tj ET Q q 0 0 0 rg BT 112.36 694.10 Td (get annual incentive compensation award, in the amount of $3,153,000, to be paid on a determined schedule ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td (over two years if Mr) Tj ET Q q 0 0 0 rg BT 131.15 682.10 Td (. Casale is in compliance with the confidentiality) Tj ET Q q 0 0 0 rg BT 326.00 682.10 Td (, non-solicitation, non-competition, cooperation and non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td (disparagement covenants under the Separation ) Tj ET Q q 0 0 0 rg BT 237.49 670.10 Td (Agreement, which are described below; and \(2\)welfare benefit continuation for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.10 Td (24 months. ) Tj ET Q q 0 0 0 rg BT 96.27 658.10 Td (The Separation ) Tj ET Q q 0 0 0 rg BT 159.03 658.10 Td (Agreement also provides for Mr) Tj ET Q q 0 0 0 rg BT 287.33 658.10 Td (.Casale to be paid $2,409,079 in recognition of earned but unvested ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td (long-term incentive compensation that was forfeited due to the end of his employment with CHS prior to vesting. Under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.10 Td (Separation ) Tj ET Q q 0 0 0 rg BT 94.21 634.10 Td (Agreement, Mr) Tj ET Q q 0 0 0 rg BT 155.31 634.10 Td (.Casale is subject to two-year non-competition and non-solicitation covenants, as well as customary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.10 Td (confidentiality) Tj ET Q q 0 0 0 rg BT 107.17 622.10 Td (, cooperation and non-disparagement covenants.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 598.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 97.17 598.10 Td (. Skidmore, our Executive ) Tj ET Q q 0 0 0 rg BT 204.19 598.10 Td (V) Tj ET Q q 0 0 0 rg BT 210.81 598.10 Td (ice President and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 356.42 598.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 374.33 598.10 Td (, joined us in ) Tj ET Q q 0 0 0 rg BT 427.95 598.10 Td (August 2013 and the terms of his ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (employment provided for certain payments to him in respect of compensation earned from his former employer during past ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.10 Td (periods but forfeited in order to accept employment with us due to vesting requirements and other restrictions. Specifically) Tj ET Q q 0 0 0 rg BT 539.82 574.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 562.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 61.17 562.10 Td (.Skidmore was entitled to receive three equal payments of $180,000 for forfeited restricted stock and three equal payments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 550.10 Td (of $55,163 for forfeited incentives, which was paid as follows: the first payments within 30 days of his start date; the second ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.10 Td (payments within 30 days after the first anniversary of his start date and the third payments within 30 days after the second ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.10 Td (anniversary of his start date.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 502.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 97.17 502.10 Td (. Zappa, our Executive ) Tj ET Q q 0 0 0 rg BT 190.29 502.10 Td (V) Tj ET Q q 0 0 0 rg BT 196.91 502.10 Td (ice President and General Counsel, joined us in ) Tj ET Q q 0 0 0 rg BT 388.25 502.10 Td (April 2015 and the terms of his ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.10 Td (employment provided for certain payments to him in respect of compensation earned from his former employer during past ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.10 Td (periods but forfeited in order to accept employment with us due to vesting requirements and other restrictions. Specifically) Tj ET Q q 0 0 0 rg BT 539.82 478.10 Td (, Mr) Tj ET Q q 0 0 0 rg BT 556.49 478.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.10 Td (Zappa was entitled to receive three payments on the following schedule: $101,667 in ) Tj ET Q q 0 0 0 rg BT 391.07 466.10 Td (April 2015; $101,667 in ) Tj ET Q q 0 0 0 rg BT 489.69 466.10 Td (April 2016; and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.10 Td ($101,667 in ) Tj ET Q q 0 0 0 rg BT 99.23 454.10 Td (April 2017.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 430.10 Td (Shar) Tj ET Q q 0 0 0 rg BT 69.88 430.10 Td (eholder) Tj ET Q q 0 0 0 rg BT 101.92 430.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.87 430.10 Td (Advisory ) Tj ET Q q 0 0 0 rg BT 145.08 430.10 Td (V) Tj ET Q q 0 0 0 rg BT 151.38 430.10 Td (otes on Executive Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 406.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.14 406.10 Td (e are not required to, and do not, conduct shareholder advisory votes on executive compensation under section 14A) Tj ET Q q 0 0 0 rg BT 554.84 406.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.10 Td (of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 158.35 394.10 Td (Act of 1934.) 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(667,242) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 627.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.15 627.32 Td (789,871) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 627.32 Td (722,208) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 627.32 Td (156,018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.60 627.32 Td (2,335,339) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.50 613.32 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.15 613.32 Td (647,380) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 613.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.60 613.32 Td (2,771,970) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 613.32 Td (339,322) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 613.32 Td (129,767) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.60 613.32 Td (3,888,439) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 595.37 Td (T) Tj ET Q q 0 0 0 rg BT 58.76 595.37 Td (imothy Skidmore) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 585.37 Td (Executive ) Tj ET Q q 0 0 0 rg BT 95.30 585.37 Td (V) Tj ET Q q 0 0 0 rg BT 101.92 585.37 Td (ice President and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 575.37 Td (Chief Financial Of) Tj ET Q q 0 0 0 rg BT 127.80 575.37 Td (ficer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.50 599.32 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.15 599.32 Td (523,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.10 599.32 Td (100,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.15 599.32 Td (207,550) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 599.32 Td (95,952) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 599.32 Td (30,114) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 599.32 Td (957,116) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.50 585.32 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.15 585.32 Td (487,135) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.10 585.32 Td (235,163) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.15 585.32 Td (576,744) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 585.32 Td (193,174) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 585.32 Td (106,614) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.60 585.32 Td (1,598,830) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.50 571.32 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.15 571.32 Td (472,770) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.10 571.32 Td (55,163) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.60 571.32 Td (1,936,687) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 571.32 Td (145,857) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 571.32 Td (115,754) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.60 571.32 Td (2,726,231) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 552.37 Td (Shirley Cunningham) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 542.37 Td (Executive Vice President, Ag) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 532.37 Td (Business and Enterprise) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 522.37 Td (Strategy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.50 557.32 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.15 557.32 Td (612,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 557.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.15 557.32 Td (216,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 557.32 Td (112,784) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 557.32 Td (37,576) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 557.32 Td (978,660) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.50 539.32 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.15 539.32 Td (593,983) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 539.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.15 539.32 Td (683,022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 539.32 Td (235,579) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 539.32 Td (117,214) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.60 539.32 Td (1,629,798) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.50 521.32 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.15 521.32 Td (576,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.10 521.32 Td (383,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.60 521.32 Td (2,242,420) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 521.32 Td (159,060) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 521.32 Td (106,827) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.60 521.32 Td (3,467,607) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 499.37 Td (James Zappa) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 489.37 Td (Executive Vice President and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 479.37 Td (General Counsel) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.50 503.32 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.15 503.32 Td (467,223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.10 503.32 Td (201,667) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.15 503.32 Td (164,780) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 503.32 Td (69,638) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 503.32 Td (23,142) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 503.32 Td (926,450) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.50 489.32 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.15 489.32 Td (423,667) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.10 489.32 Td (101,667) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.15 489.32 Td (508,961) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 489.32 Td (140,794) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 489.32 Td (96,356) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.60 489.32 Td (1,271,445) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 457.37 Td (Darin Hunhof) Tj ET Q q 0 0 0 rg BT 108.64 457.37 Td (f ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 447.37 Td (Executive ) Tj ET Q q 0 0 0 rg BT 95.30 447.37 Td (V) Tj ET Q q 0 0 0 rg BT 101.92 447.37 Td (ice President, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 437.37 Td (Ener) Tj ET Q q 0 0 0 rg BT 71.70 437.37 Td (gy and Foods) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.50 461.32 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.15 461.32 Td (443,670) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.10 461.32 Td (100,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.15 461.32 Td (175,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 461.32 Td (75,198) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 461.32 Td (18,030) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 461.32 Td (811,898) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 415.37 Td (Carl Casale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 405.37 Td (Former Presidentand Chief ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 395.37 Td (Executive Of) Tj ET Q q 0 0 0 rg BT 105.85 395.37 Td (ficer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.50 419.32 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.15 419.32 Td (902,516) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 419.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 419.32 Td (218,833) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.60 419.32 Td (1,805,399) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.60 419.32 Td (2,926,748) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.50 405.32 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.60 405.32 Td (1,040,667) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 405.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.60 405.32 Td (2,200,094) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 405.32 Td (748,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 405.32 Td (302,659) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.60 405.32 Td (4,291,620) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.50 391.32 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.60 391.32 Td (1,010,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 391.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.60 391.32 Td (7,243,499) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 391.32 Td (486,832) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 391.32 Td (294,525) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.60 391.32 Td (9,034,856) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 365.65 Td (_______________________________________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 341.65 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 341.65 Td (Amounts reflect the gross salary and non-equity incentive plan compensation, as applicable, and include any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 329.65 Td (applicable deferrals. Mr) Tj ET Q q 0 0 0 rg BT 180.73 329.65 Td (.Skidmore deferred $52,350 in fiscal 2017, $249,224 in fiscal 2016 and $241,947 in fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 317.65 Td (2015; Mr) Tj ET Q q 0 0 0 rg BT 122.45 317.65 Td (.Debertin deferred $893,546 in fiscal 2016 and $883,906 in fiscal 2015; and Ms. Cunningham deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 305.65 Td ($100,000 in fiscal 2017, $852,078 in fiscal 2016 and $83,333 in fiscal 2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 281.65 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 281.65 Td (Information on Mr) Tj ET Q q 0 0 0 rg BT 159.93 281.65 Td (. Zappa includes compensation beginning in fiscal 2016, the first year in which he became a Named ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 269.65 Td (Executive Of) Tj ET Q q 0 0 0 rg BT 138.35 269.65 Td (ficer) Tj ET Q q 0 0 0 rg BT 156.27 269.65 Td (, and information on Mr) Tj ET Q q 0 0 0 rg BT 252.09 269.65 Td (. Hunhof) Tj ET Q q 0 0 0 rg BT 287.46 269.65 Td (f includes compensation beginning in fiscal 2017, the first year in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 257.65 Td (which he became a Named Executive Of) Tj ET Q q 0 0 0 rg BT 248.58 257.65 Td (ficer) Tj ET Q q 0 0 0 rg BT 266.34 257.65 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 233.65 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 233.65 Td (Salary for Mr) Tj ET Q q 0 0 0 rg BT 139.38 233.65 Td (. Casale includes base pay and accrued paid time of) Tj ET Q q 0 0 0 rg BT 345.23 233.65 Td (f that was paid upon his departure.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 209.65 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 209.65 Td (Includes payments to Mr) Tj ET Q q 0 0 0 rg BT 184.65 209.65 Td (. Skidmore of $100,000 in fiscal 2017, for providing additional strong leadership of and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 197.65 Td (significant time commitment to the ongoing management of multiple business and financial challenges, all in addition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 185.65 Td (to performing his regular Executive ) Tj ET Q q 0 0 0 rg BT 230.55 185.65 Td (V) Tj ET Q q 0 0 0 rg BT 237.17 185.65 Td (ice President and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 382.78 185.65 Td (ficer role, and $235,163 in fiscal 2016 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 173.65 Td ($55,163 in fiscal 2015, in each case, covering earned and forfeited compensation from previous employment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 149.65 Td (\(5\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 149.65 Td (Includes payment of $383,000 in fiscal 2015 to Ms. Cunningham covering earned and forfeited compensation from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 137.65 Td (previous employment. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 113.65 Td (\(6\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 113.65 Td (Includes payments to Mr) Tj ET Q q 0 0 0 rg BT 184.65 113.65 Td (. Zappa of $100,000, for providing additional strong leadership of and significant time ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 101.65 Td (commitment to the ongoing management of multiple business and governance challenges, all in addition to performing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 89.65 Td (his regular Executive ) Tj ET Q q 0 0 0 rg BT 172.79 89.65 Td (V) Tj ET Q q 0 0 0 rg BT 179.41 89.65 Td (ice President and General Counsel role, and $101,667, covering earned and forfeited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 77.65 Td (compensation from previous employment, in 2017, and $101,667 in fiscal 2016, covering earned and forfeited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 65.65 Td (compensation from previous employment.) Tj ET Q endstream endobj 137 0 obj <>] /Rotate 0 /Contents 138 0 R>> endobj 138 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 742.10 Td (\(7\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 742.10 Td (Includes payment to Mr) Tj ET Q q 0 0 0 rg BT 180.76 742.10 Td (. Hunhof) Tj ET Q q 0 0 0 rg BT 216.13 742.10 Td (f of $100,000 in fiscal 2017 for taking on additional leadership roles in addition to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 730.10 Td (performing his new role as Executive ) Tj ET Q q 0 0 0 rg BT 237.49 730.10 Td (V) Tj ET Q q 0 0 0 rg BT 244.11 730.10 Td (ice President, Ener) Tj ET Q q 0 0 0 rg BT 319.18 730.10 Td (gy and Foods.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 706.10 Td (\(8\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 706.10 Td (Amounts include annual variable pay awards and Long-term incentive awards. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 682.10 Td (The actual annual variable pay award value was as follows in fiscal 2017, 2016 and 2015, respectively: Mr) Tj ET Q q 0 0 0 rg BT 512.31 682.10 Td (. Debertin, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 670.10 Td ($862,500, $0 and $915,217; Mr) Tj ET Q q 0 0 0 rg BT 211.89 670.10 Td (. Skidmore, $207,550, $0 and $668,367; Ms. Cunningham, $216,600, $0 and $786,214; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 658.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 97.17 658.10 Td (. Zappa, $164,780 and $0 \(Mr) Tj ET Q q 0 0 0 rg BT 216.59 658.10 Td (. Zappa was not a Named Executive Of) Tj ET Q q 0 0 0 rg BT 373.58 658.10 Td (ficer in fiscal 2015\); Mr) Tj ET Q q 0 0 0 rg BT 469.10 658.10 Td (. Hunhof) Tj ET Q q 0 0 0 rg BT 504.47 658.10 Td (f, $175,000 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 646.10 Td (\(Mr) Tj ET Q q 0 0 0 rg BT 100.50 646.10 Td (. Hunhof) Tj ET Q q 0 0 0 rg BT 135.87 646.10 Td (f was not a Named Executive Of) Tj ET Q q 0 0 0 rg BT 266.20 646.10 Td (ficer in fiscal 2016 or 2015\); and Mr) Tj ET Q q 0 0 0 rg BT 411.99 646.10 Td (. Casale $0, $0 and $2,502,1) Tj ET Q q 0 0 0 rg BT 525.22 646.10 Td (18.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 622.10 Td (The actual long-term incentive award value was as follows in fiscal 2017, 2016 and 2015, respectively: Mr) Tj ET Q q 0 0 0 rg BT 512.60 622.10 Td (. Debertin, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 610.10 Td ($0, $789,871 and $1,736,753; Mr) Tj ET Q q 0 0 0 rg BT 219.39 610.10 Td (. Skidmore, $0, $576,744 and $1,268,320; Ms. Cunningham, $0, $683,022 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 598.10 Td ($1,456,205; Mr) Tj ET Q q 0 0 0 rg BT 147.45 598.10 Td (. Zappa, $0 and $508,961 \(Mr) Tj ET Q q 0 0 0 rg BT 266.87 598.10 Td (. Zappa was not a Named Executive Of) Tj ET Q q 0 0 0 rg BT 423.85 598.10 Td (ficer in fiscal 2015\); Mr) Tj ET Q q 0 0 0 rg BT 519.38 598.10 Td (. Hunhof) Tj ET Q q 0 0 0 rg BT 554.75 598.10 Td (f, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 586.10 Td ($0 \(Mr) Tj ET Q q 0 0 0 rg BT 113.00 586.10 Td (. Hunhof) Tj ET Q q 0 0 0 rg BT 148.37 586.10 Td (f was not a Named Executive Of) Tj ET Q q 0 0 0 rg BT 278.70 586.10 Td (ficer in fiscal 2016 or 2015\); and Mr) Tj ET Q q 0 0 0 rg BT 424.49 586.10 Td (. Casale, $0, $2,200,094 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 574.10 Td ($4,741,381.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 550.10 Td (\(9\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 550.10 Td (Includes payment of $120,000 in fiscal 2015 to Mr) Tj ET Q q 0 0 0 rg BT 288.52 550.10 Td (. Debertin under the Supplemental Plan, but excludes award of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 538.10 Td ($120,000 that was earned, but voluntarily declined, by Mr) Tj ET Q q 0 0 0 rg BT 317.39 538.10 Td (. Debertin in fiscal 2016 under the Supplemental Plan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 514.10 Td (\(10\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 514.10 Td (This column represents both changes in pension value and above-market earnings on deferred compensation. Change ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 502.10 Td (in pension value is the aggregate change in the actuarial present value of the Named Executive Of) Tj ET Q q 0 0 0 rg BT 476.83 502.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 495.51 502.10 Td () Tj ET Q q 0 0 0 rg BT 498.29 502.10 Td (s benefit under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 490.10 Td (their retirement program and nonqualified earnings, if applicable.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 466.10 Td (The aggregate change in the actuarial present value was as follows in fiscal 2017, 2016 and 2015, respectively: Mr) Tj ET Q q 0 0 0 rg BT 543.68 466.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 454.10 Td (Debertin, $175,298, $617,456 and $244,472; Mr) Tj ET Q q 0 0 0 rg BT 279.37 454.10 Td (. Skidmore, $79,807, $176,801 and $136,385; Ms. Cunningham, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 442.10 Td ($80,332, $217,137 and $159,060; Mr) Tj ET Q q 0 0 0 rg BT 234.39 442.10 Td (. Zappa, $69,638 and $140,794 \(Mr) Tj ET Q q 0 0 0 rg BT 376.31 442.10 Td (. Zappa was not a Named Executive Of) Tj ET Q q 0 0 0 rg BT 533.29 442.10 Td (ficer in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 430.10 Td (fiscal 2015\); Mr) Tj ET Q q 0 0 0 rg BT 149.93 430.10 Td (. Hunhof) Tj ET Q q 0 0 0 rg BT 185.30 430.10 Td (f, $68,620 \(Mr) Tj ET Q q 0 0 0 rg BT 243.63 430.10 Td (. Hunhof) Tj ET Q q 0 0 0 rg BT 279.01 430.10 Td (f was not a Named Executive Of) Tj ET Q q 0 0 0 rg BT 409.33 430.10 Td (ficer in fiscal 2016 and 2015\); and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 418.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 97.17 418.10 Td (. Casale, $125,399, $626,792 and $374,796. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 394.10 Td (Above-market earnings represent earnings exceeding 120% of the Federal Reserve long-term rate as determined by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 382.10 Td (Internal Revenue Service \(IRS\) on applicable funds, and was as follows in fiscal 2017, 2016 and 2015, respectively: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 370.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 97.17 370.10 Td (. Debertin, $1) Tj ET Q q 0 0 0 rg BT 151.78 370.10 Td (18,199, $104,752 and $94,850; Mr) Tj ET Q q 0 0 0 rg BT 290.67 370.10 Td (. Skidmore, $16,145, $16,373 and $9,472; Ms. Cunningham, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 358.10 Td ($32,452, $18,442 and $0; Mr) Tj ET Q q 0 0 0 rg BT 201.89 358.10 Td (. Zappa, $0 and $0 \(Mr) Tj ET Q q 0 0 0 rg BT 293.81 358.10 Td (. Zappa was not a Named Executive Of) Tj ET Q q 0 0 0 rg BT 450.79 358.10 Td (ficer in fiscal 2015\); Mr) Tj ET Q q 0 0 0 rg BT 546.32 358.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 346.10 Td (Hunhof) Tj ET Q q 0 0 0 rg BT 115.87 346.10 Td (f, $6,578 \(Mr) Tj ET Q q 0 0 0 rg BT 169.20 346.10 Td (. Hunhof) Tj ET Q q 0 0 0 rg BT 204.57 346.10 Td (f was not a Named Executive Of) Tj ET Q q 0 0 0 rg BT 334.90 346.10 Td (ficer in fiscal 2016 or 2015\); and Mr) Tj ET Q q 0 0 0 rg BT 480.70 346.10 Td (. Casale, $93,434, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 334.10 Td ($121,408 and $1) Tj ET Q q 0 0 0 rg BT 152.07 334.10 Td (12,036.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 310.10 Td (\(1) Tj ET Q q 0 0 0 rg BT 75.46 310.10 Td (1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 310.10 Td (Amounts may include executive L) Tj ET Q q 0 0 0 rg BT 222.32 310.10 Td (TD paid by us, travel accident insurance, executive physical, contributions by us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 298.10 Td (during each fiscal year to qualified and non-qualified defined contribution plans, spousal travel and financial planning. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 274.10 Td (\(12\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 274.10 Td (Includes fiscal 2017 executive L) Tj ET Q q 0 0 0 rg BT 214.53 274.10 Td (TD of $3,340 for all Named Executive Of) Tj ET Q q 0 0 0 rg BT 382.08 274.10 Td (ficers except Mr) Tj ET Q q 0 0 0 rg BT 447.05 274.10 Td (. Casale, and fiscal 2017 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 262.10 Td (executive L) Tj ET Q q 0 0 0 rg BT 131.50 262.10 Td (TD of $2,535 for Mr) Tj ET Q q 0 0 0 rg BT 213.99 262.10 Td (. Casale.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 238.10 Td (\(13\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 238.10 Td (Includes fiscal 2017 employer contributions to the Deferred Compensation Plan: Mr) Tj ET Q q 0 0 0 rg BT 422.09 238.10 Td (. Debertin, $14,315; Mr) Tj ET Q q 0 0 0 rg BT 516.53 238.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 226.10 Td (Skidmore, $7,945; Ms. Cunningham, $1) Tj ET Q q 0 0 0 rg BT 246.24 226.10 Td (1,725; Mr) Tj ET Q q 0 0 0 rg BT 285.69 226.10 Td (. Zappa, $6,080; Mr) Tj ET Q q 0 0 0 rg BT 365.12 226.10 Td (. Hunhof) Tj ET Q q 0 0 0 rg BT 400.50 226.10 Td (f, $4,571; and Mr) Tj ET Q q 0 0 0 rg BT 470.21 226.10 Td (. Casale, $27,510.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 202.10 Td (\(14\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 202.10 Td (Includes fiscal 2017 employer contribution to the 401\(k\) Plan: Mr) Tj ET Q q 0 0 0 rg BT 349.06 202.10 Td (. Debertin, $9,275; Mr) Tj ET Q q 0 0 0 rg BT 438.49 202.10 Td (. Skidmore, $9,275; Ms. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 190.10 Td (Cunningham, $9,275; Mr) Tj ET Q q 0 0 0 rg BT 186.61 190.10 Td (. Zappa, $8,812; Mr) Tj ET Q q 0 0 0 rg BT 266.05 190.10 Td (. Hunhof) Tj ET Q q 0 0 0 rg BT 301.42 190.10 Td (f, $9,271; and Mr) Tj ET Q q 0 0 0 rg BT 371.13 190.10 Td (. Casale, $9,275.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 166.10 Td (\(15\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 166.10 Td (Includes fiscal 2017 executive physicals for the following Named Executive Of) Tj ET Q q 0 0 0 rg BT 403.55 166.10 Td (ficers: Mr) Tj ET Q q 0 0 0 rg BT 442.71 166.10 Td (. Debertin, $2,721; Mr) Tj ET Q q 0 0 0 rg BT 532.14 166.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 154.10 Td (Skidmore, $4,026; Ms. Cunningham, $4,171; Mr) Tj ET Q q 0 0 0 rg BT 281.21 154.10 Td (, Zappa, $4,409; and Mr) Tj ET Q q 0 0 0 rg BT 377.58 154.10 Td (. Casale, $4,1) Tj ET Q q 0 0 0 rg BT 431.37 154.10 Td (19.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 130.10 Td (\(16\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 130.10 Td (Includes fiscal 2017 executive financial planning for the following Named Executive Of) Tj ET Q q 0 0 0 rg BT 438.81 130.10 Td (ficers: Mr) Tj ET Q q 0 0 0 rg BT 477.97 130.10 Td (. Debertin, $820; Mr) Tj ET Q q 0 0 0 rg BT 559.90 130.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 118.10 Td (Skidmore, $5,000; and Ms. Cunningham, $5,000.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 94.10 Td (\(17\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 94.10 Td (Includes payment of $8,019 to Mr) Tj ET Q q 0 0 0 rg BT 221.59 94.10 Td (. Debertin in fiscal 2017 for reimbursement of legal services associated with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 82.10 Td (Employment ) Tj ET Q q 0 0 0 rg BT 139.11 82.10 Td (Agreement.) Tj ET Q endstream endobj 139 0 obj <>] /Rotate 0 /Contents 140 0 R>> endobj 140 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 742.10 Td (\(18\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 742.10 Td (Includes payment to Mr) Tj ET Q q 0 0 0 rg BT 180.76 742.10 Td (. Casale in fiscal 2017 of $1,761,666 pursuant to the terms of Mr) Tj ET Q q 0 0 0 rg BT 439.33 742.10 Td (. Casale) Tj ET Q q 0 0 0 rg BT 473.76 742.10 Td (s Separation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 730.10 Td (Agreement, which includes a legal fee allowance \($10,000\) and the payment of the 1st of 3 installments for base salary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 718.10 Td (and tar) Tj ET Q q 0 0 0 rg BT 112.80 718.10 Td (get annual incentive compensation \($1,751,666\). ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (Agr) Tj ET Q q 0 0 0 rg BT 64.13 694.10 Td (eements with Named Executive Officers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 670.10 Td (On May 22, 2017, we entered an Employment ) Tj ET Q q 0 0 0 rg BT 272.68 670.10 Td (Agreement with Mr) Tj ET Q q 0 0 0 rg BT 351.55 670.10 Td (. Debertin our President and Chief Executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.10 Td (Of) Tj ET Q q 0 0 0 rg BT 59.87 658.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 77.63 658.10 Td (. ) Tj ET Q q 0 0 0 rg BT 82.45 658.10 Td (The Employment ) Tj ET Q q 0 0 0 rg BT 154.11 658.10 Td (Agreement supersedes all previous agreements we had with Mr) Tj ET Q q 0 0 0 rg BT 407.37 658.10 Td (. Debertin. ) Tj ET Q q 0 0 0 rg BT 452.17 658.10 Td (The Employment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td (Agreement clearly defines the obligations of the parties thereto with respect to employment matters, as well as the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.10 Td (compensation and benefits to be provided to Mr) Tj ET Q q 0 0 0 rg BT 240.85 634.10 Td (. Debertin upon termination of employment. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 610.10 Td (The ) Tj ET Q q 0 0 0 rg BT 102.49 610.10 Td (Employment ) Tj ET Q q 0 0 0 rg BT 155.27 610.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 201.14 610.10 Td (has ) Tj ET Q q 0 0 0 rg BT 215.91 610.10 Td (an ) Tj ET Q q 0 0 0 rg BT 226.80 610.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 251.57 610.10 Td (term ) Tj ET Q q 0 0 0 rg BT 271.34 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 281.11 610.10 Td (three ) Tj ET Q q 0 0 0 rg BT 302.54 610.10 Td (years ) Tj ET Q q 0 0 0 rg BT 325.08 610.10 Td (ending ) Tj ET Q q 0 0 0 rg BT 353.74 610.10 Td (on ) Tj ET Q q 0 0 0 rg BT 364.86 610.10 Td (August ) Tj ET Q q 0 0 0 rg BT 395.20 610.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 409.14 610.10 Td (2020, ) Tj ET Q q 0 0 0 rg BT 433.08 610.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 470.07 610.10 Td (that ) Tj ET Q q 0 0 0 rg BT 486.51 610.10 Td (beginning ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.10 Td (on ) Tj ET Q q 0 0 0 rg BT 61.77 598.10 Td (August ) Tj ET Q q 0 0 0 rg BT 93.57 598.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 108.98 598.10 Td (2020, ) Tj ET Q q 0 0 0 rg BT 134.39 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 151.74 598.10 Td (on ) Tj ET Q q 0 0 0 rg BT 164.65 598.10 Td (each ) Tj ET Q q 0 0 0 rg BT 185.87 598.10 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 235.43 598.10 Td (date ) Tj ET Q q 0 0 0 rg BT 255.00 598.10 Td (thereafter) Tj ET Q q 0 0 0 rg BT 292.90 598.10 Td (, ) Tj ET Q q 0 0 0 rg BT 298.31 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.43 598.10 Td (term ) Tj ET Q q 0 0 0 rg BT 334.67 598.10 Td (will ) Tj ET Q q 0 0 0 rg BT 353.14 598.10 Td (be ) Tj ET Q q 0 0 0 rg BT 365.48 598.10 Td (automatically ) Tj ET Q q 0 0 0 rg BT 422.82 598.10 Td (renewed ) Tj ET Q q 0 0 0 rg BT 459.60 598.10 Td (for ) Tj ET Q q 0 0 0 rg BT 474.17 598.10 Td (an ) Tj ET Q q 0 0 0 rg BT 486.51 598.10 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (one-year ) Tj ET Q q 0 0 0 rg BT 86.97 586.10 Td (period ) Tj ET Q q 0 0 0 rg BT 115.02 586.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 142.52 586.10 Td (either ) Tj ET Q q 0 0 0 rg BT 167.78 586.10 Td (party ) Tj ET Q q 0 0 0 rg BT 190.82 586.10 Td (notifies ) Tj ET Q q 0 0 0 rg BT 223.31 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.03 586.10 Td (other ) Tj ET Q q 0 0 0 rg BT 261.07 586.10 Td (in ) Tj ET Q q 0 0 0 rg BT 271.35 586.10 Td (writing, ) Tj ET Q q 0 0 0 rg BT 305.23 586.10 Td (at ) Tj ET Q q 0 0 0 rg BT 314.95 586.10 Td (least ) Tj ET Q q 0 0 0 rg BT 335.77 586.10 Td (120 ) Tj ET Q q 0 0 0 rg BT 353.27 586.10 Td (days ) Tj ET Q q 0 0 0 rg BT 374.09 586.10 Td (in ) Tj ET Q q 0 0 0 rg BT 384.37 586.10 Td (advance ) Tj ET Q q 0 0 0 rg BT 419.62 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 430.45 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.16 586.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 479.86 586.10 Td (anniversary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 71.16 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 81.99 574.10 Td (its ) Tj ET Q q 0 0 0 rg BT 93.93 574.10 Td (intent ) Tj ET Q q 0 0 0 rg BT 119.21 574.10 Td (not ) Tj ET Q q 0 0 0 rg BT 134.49 574.10 Td (to ) Tj ET Q q 0 0 0 rg BT 144.76 574.10 Td (renew ) Tj ET Q q 0 0 0 rg BT 171.69 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.41 574.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 230.55 574.10 Td (for ) Tj ET Q q 0 0 0 rg BT 244.71 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 259.43 574.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 301.92 574.10 Td (one-year ) Tj ET Q q 0 0 0 rg BT 339.39 574.10 Td (period. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 550.10 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 123.00 550.10 Td (to ) Tj ET Q q 0 0 0 rg BT 133.28 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.00 550.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 172.71 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 183.54 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.26 550.10 Td (Employment ) Tj ET Q q 0 0 0 rg BT 251.87 550.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 301.29 550.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 312.96 550.10 Td (. ) Tj ET Q q 0 0 0 rg BT 317.96 550.10 Td (Debertin ) Tj ET Q q 0 0 0 rg BT 355.45 550.10 Td (is ) Tj ET Q q 0 0 0 rg BT 364.62 550.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 397.11 550.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 409.88 550.10 Td (among ) Tj ET Q q 0 0 0 rg BT 439.60 550.10 Td (other ) Tj ET Q q 0 0 0 rg BT 462.65 550.10 Td (things:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 526.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 526.10 Td (An ) Tj ET Q q 0 0 0 rg BT 136.13 526.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 165.19 526.10 Td (base ) Tj ET Q q 0 0 0 rg BT 185.37 526.10 Td (salary ) Tj ET Q q 0 0 0 rg BT 211.66 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 222.40 526.10 Td ($1,150,000, ) Tj ET Q q 0 0 0 rg BT 272.30 526.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 303.04 526.10 Td (to ) Tj ET Q q 0 0 0 rg BT 313.23 526.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 348.39 526.10 Td (by ) Tj ET Q q 0 0 0 rg BT 360.80 526.10 Td (our ) Tj ET Q q 0 0 0 rg BT 376.54 526.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 403.38 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 414.12 526.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 453.74 526.10 Td (from ) Tj ET Q q 0 0 0 rg BT 475.58 526.10 Td (time ) Tj ET Q q 0 0 0 rg BT 495.77 526.10 Td (to ) Tj ET Q q 0 0 0 rg BT 505.95 526.10 Td (time;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 502.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 502.10 Td (A) Tj ET Q q 0 0 0 rg BT 128.17 502.10 Td ( ) Tj ET Q q 0 0 0 rg BT 130.49 502.10 Td (tar) Tj ET Q q 0 0 0 rg BT 140.85 502.10 Td (get ) Tj ET Q q 0 0 0 rg BT 155.38 502.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 184.36 502.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 223.32 502.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 281.18 502.10 Td (award, ) Tj ET Q q 0 0 0 rg BT 310.42 502.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 352.74 502.10 Td (with ) Tj ET Q q 0 0 0 rg BT 372.83 502.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 396.80 502.10 Td (2017, ) 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486.44 490.10 Td (, ) Tj ET Q q 0 0 0 rg BT 491.34 490.10 Td (based ) Tj ET Q q 0 0 0 rg BT 516.52 490.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.22 478.10 Td (achievement ) Tj ET Q q 0 0 0 rg BT 189.24 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 200.07 478.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 253.10 478.10 Td (tar) Tj ET Q q 0 0 0 rg BT 263.46 478.10 Td (gets ) Tj ET Q q 0 0 0 rg BT 282.07 478.10 Td (set ) Tj ET Q q 0 0 0 rg BT 295.68 478.10 Td (by ) Tj ET Q q 0 0 0 rg BT 308.18 478.10 Td (our ) Tj ET Q q 0 0 0 rg BT 324.01 478.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 350.95 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 361.78 478.10 Td (Directors; ) Tj ET Q q 0 0 0 rg BT 404.26 478.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 454.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 454.10 Td (A) Tj ET Q q 0 0 0 rg BT 128.17 454.10 Td ( ) Tj ET Q q 0 0 0 rg BT 130.42 454.10 Td (tar) Tj ET Q q 0 0 0 rg BT 140.78 454.10 Td (get ) Tj ET Q q 0 0 0 rg BT 155.24 454.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 196.92 454.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 235.82 454.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 293.60 454.10 Td (award ) Tj ET Q q 0 0 0 rg BT 320.28 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 330.85 454.10 Td (150% ) Tj ET Q q 0 0 0 rg BT 356.43 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 367.00 454.10 Td (his ) Tj ET Q q 0 0 0 rg BT 380.92 454.10 Td (average ) Tj ET Q q 0 0 0 rg BT 414.25 454.10 Td (base ) Tj ET Q q 0 0 0 rg BT 434.26 454.10 Td (salary ) Tj ET Q q 0 0 0 rg BT 460.38 454.10 Td (during ) Tj ET Q q 0 0 0 rg BT 488.74 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.20 454.10 Td (three-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 442.10 Td (year ) Tj ET Q q 0 0 0 rg BT 141.11 442.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 194.04 442.10 Td (period ) Tj ET Q q 0 0 0 rg BT 221.99 442.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 265.48 442.10 Td (to ) Tj ET Q q 0 0 0 rg BT 275.67 442.10 Td (that ) Tj ET Q q 0 0 0 rg BT 293.07 442.10 Td (award ) Tj ET Q q 0 0 0 rg BT 319.90 442.10 Td (opportunity) Tj ET Q q 0 0 0 rg BT 365.92 442.10 Td (, ) Tj ET Q q 0 0 0 rg BT 370.82 442.10 Td (with ) Tj ET Q q 0 0 0 rg BT 391.00 442.10 Td (a ) Tj ET Q q 0 0 0 rg BT 397.85 442.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 440.80 442.10 Td (superior ) Tj ET Q q 0 0 0 rg BT 475.98 442.10 Td (performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 430.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 158.48 430.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 199.91 430.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 238.56 430.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 296.09 430.10 Td (award ) Tj ET Q q 0 0 0 rg BT 322.52 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 332.84 430.10 Td (500% ) Tj ET Q q 0 0 0 rg BT 358.17 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 368.49 430.10 Td (his ) Tj ET Q q 0 0 0 rg BT 382.16 430.10 Td (average ) Tj ET Q q 0 0 0 rg BT 415.24 430.10 Td (base ) Tj ET Q q 0 0 0 rg BT 435.00 430.10 Td (salary ) Tj ET Q q 0 0 0 rg BT 460.87 430.10 Td (during ) Tj ET Q q 0 0 0 rg BT 488.97 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.18 430.10 Td (three-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 418.10 Td (year ) Tj ET Q q 0 0 0 rg BT 141.21 418.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 194.23 418.10 Td (period ) Tj ET Q q 0 0 0 rg BT 222.28 418.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 265.87 418.10 Td (to ) Tj ET Q q 0 0 0 rg BT 276.14 418.10 Td (that ) Tj ET Q q 0 0 0 rg BT 293.64 418.10 Td (award ) Tj ET Q q 0 0 0 rg BT 320.57 418.10 Td (opportunity) Tj ET Q q 0 0 0 rg BT 366.58 418.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 394.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.53 394.10 Td (Employment ) Tj ET Q q 0 0 0 rg BT 157.13 394.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 204.04 394.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 240.96 394.10 Td (that ) Tj ET Q q 0 0 0 rg BT 258.44 394.10 Td (in ) Tj ET Q q 0 0 0 rg BT 268.71 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.41 394.10 Td (event ) Tj ET Q q 0 0 0 rg BT 307.55 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 318.36 394.10 Td (a ) Tj ET Q q 0 0 0 rg BT 325.29 394.10 Td (restatement ) Tj ET Q q 0 0 0 rg BT 373.86 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 384.68 394.10 Td (our ) Tj ET Q q 0 0 0 rg BT 400.49 394.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 437.96 394.10 Td (results ) Tj ET Q q 0 0 0 rg BT 466.55 394.10 Td (due ) Tj ET Q q 0 0 0 rg BT 483.48 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 493.74 394.10 Td (material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 382.10 Td (noncompliance ) Tj ET Q q 0 0 0 rg BT 114.79 382.10 Td (with ) Tj ET Q q 0 0 0 rg BT 136.76 382.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 175.94 382.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 216.80 382.10 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 275.70 382.10 Td (if ) Tj ET Q q 0 0 0 rg BT 286.00 382.10 Td (our ) Tj ET Q q 0 0 0 rg BT 303.53 382.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 332.17 382.10 Td (of ) Tj ET Q q 0 0 0 rg BT 344.70 382.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 386.10 382.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 434.17 382.10 Td (in ) Tj ET Q q 0 0 0 rg BT 446.15 382.10 Td (good ) Tj ET Q q 0 0 0 rg BT 470.35 382.10 Td (faith ) Tj ET Q q 0 0 0 rg BT 492.87 382.10 Td (that ) Tj ET Q q 0 0 0 rg BT 512.06 382.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 108.54 370.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 129.26 370.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 144.42 370.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 179.01 370.10 Td (but ) Tj ET Q q 0 0 0 rg BT 195.29 370.10 Td (not ) Tj ET Q q 0 0 0 rg BT 211.57 370.10 Td (yet ) Tj ET Q q 0 0 0 rg BT 227.29 370.10 Td (paid\) ) Tj ET Q q 0 0 0 rg BT 251.33 370.10 Td (to ) Tj ET Q q 0 0 0 rg BT 262.61 370.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 274.28 370.10 Td (. ) Tj ET Q q 0 0 0 rg BT 280.28 370.10 Td (Debertin ) Tj ET Q q 0 0 0 rg BT 318.77 370.10 Td (was ) Tj ET Q q 0 0 0 rg BT 337.82 370.10 Td (awarded ) Tj ET Q q 0 0 0 rg BT 375.19 370.10 Td (or ) Tj ET Q q 0 0 0 rg BT 387.02 370.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 435.50 370.10 Td (based ) Tj ET Q q 0 0 0 rg BT 461.76 370.10 Td (on ) Tj ET Q q 0 0 0 rg BT 475.26 370.10 Td (that ) Tj ET Q q 0 0 0 rg BT 493.76 370.10 Td (material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.10 Td (noncompliance, ) Tj ET Q q 0 0 0 rg BT 116.13 358.10 Td (then ) Tj ET Q q 0 0 0 rg BT 136.38 358.10 Td (we ) Tj ET Q q 0 0 0 rg BT 151.08 358.10 Td (are ) Tj ET Q q 0 0 0 rg BT 166.32 358.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 199.35 358.10 Td (to ) Tj ET Q q 0 0 0 rg BT 210.16 358.10 Td (recover ) Tj ET Q q 0 0 0 rg BT 243.18 358.10 Td (from ) Tj ET Q q 0 0 0 rg BT 265.65 358.10 Td (him ) Tj ET Q q 0 0 0 rg BT 284.25 358.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 298.94 358.10 Td (to ) Tj ET Q q 0 0 0 rg BT 309.76 358.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 339.44 358.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 398.02 358.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 446.04 358.10 Td (but ) Tj ET Q q 0 0 0 rg BT 461.85 358.10 Td (not ) Tj ET Q q 0 0 0 rg BT 477.67 358.10 Td (yet ) Tj ET Q q 0 0 0 rg BT 492.92 358.10 Td (paid\) ) Tj ET Q q 0 0 0 rg BT 516.51 358.10 Td (all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 346.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 107.01 346.10 Td (based ) Tj ET Q q 0 0 0 rg BT 131.75 346.10 Td (on ) Tj ET Q q 0 0 0 rg BT 143.72 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.91 346.10 Td (erroneous ) Tj ET Q q 0 0 0 rg BT 199.31 346.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 236.26 346.10 Td (data ) Tj ET Q q 0 0 0 rg BT 254.88 346.10 Td (in ) Tj ET Q q 0 0 0 rg BT 264.63 346.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 292.70 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 303.00 346.10 Td (what ) Tj ET Q q 0 0 0 rg BT 324.41 346.10 Td (would ) Tj ET Q q 0 0 0 rg BT 351.38 346.10 Td (have ) Tj ET Q q 0 0 0 rg BT 372.23 346.10 Td (been ) Tj ET Q q 0 0 0 rg BT 393.07 346.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 412.26 346.10 Td (or ) Tj ET Q q 0 0 0 rg BT 422.56 346.10 Td (been ) Tj ET Q q 0 0 0 rg BT 443.41 346.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 476.47 346.10 Td (to ) Tj ET Q q 0 0 0 rg BT 486.22 346.10 Td (him ) Tj ET Q q 0 0 0 rg BT 503.75 346.10 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 334.10 Td (restatement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 310.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 310.10 Td (The ) Tj ET Q q 0 0 0 rg BT 102.58 310.10 Td (severance ) Tj ET Q q 0 0 0 rg BT 143.52 310.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 159.49 310.10 Td (and ) Tj ET Q q 0 0 0 rg BT 175.46 310.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 208.64 310.10 Td (to ) Tj ET Q q 0 0 0 rg BT 217.95 310.10 Td (which ) Tj ET Q q 0 0 0 rg BT 243.92 310.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 255.59 310.10 Td (.Debertin ) Tj ET Q q 0 0 0 rg BT 297.10 310.10 Td (would ) Tj ET Q q 0 0 0 rg BT 323.63 310.10 Td (be ) Tj ET Q q 0 0 0 rg BT 334.60 310.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 366.12 310.10 Td (if ) Tj ET Q q 0 0 0 rg BT 373.76 310.10 Td (we ) Tj ET Q q 0 0 0 rg BT 386.95 310.10 Td (terminated ) Tj ET Q q 0 0 0 rg BT 431.24 310.10 Td (his ) Tj ET Q q 0 0 0 rg BT 444.44 310.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 495.96 310.10 Td (without ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 298.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 73.82 298.10 Td (or) Tj ET Q q 0 0 0 rg BT 81.75 298.10 Td (, ) Tj ET Q q 0 0 0 rg BT 86.36 298.10 Td (if ) Tj ET Q q 0 0 0 rg BT 94.58 298.10 Td (he ) Tj ET Q q 0 0 0 rg BT 106.13 298.10 Td (terminated ) Tj ET Q q 0 0 0 rg BT 151.00 298.10 Td (his ) Tj ET Q q 0 0 0 rg BT 164.78 298.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 216.89 298.10 Td (for ) Tj ET Q q 0 0 0 rg BT 230.66 298.10 Td (good ) Tj ET Q q 0 0 0 rg BT 257.21 298.10 Td (reason ) Tj ET Q q 0 0 0 rg BT 289.86 298.10 Td (are ) Tj ET Q q 0 0 0 rg BT 304.18 298.10 Td (described ) Tj ET Q q 0 0 0 rg BT 344.60 298.10 Td (below ) Tj ET Q q 0 0 0 rg BT 371.15 298.10 Td (under ) Tj ET Q q 0 0 0 rg BT 396.03 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.36 298.10 Td (heading ) Tj ET Q q 0 0 0 rg BT 444.13 298.10 Td (Post ) Tj ET Q q 0 0 0 rg BT 467.91 298.10 Td (Employment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 274.10 Td (In connection with the end of Mr) Tj ET Q q 0 0 0 rg BT 217.14 274.10 Td (.Casale) Tj ET Q q 0 0 0 rg BT 251.57 274.10 Td (s employment with the Company) Tj ET Q q 0 0 0 rg BT 383.68 274.10 Td (, on May22, 2017, the Company and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 262.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 61.17 262.10 Td (.Casale entered into the Separation ) Tj ET Q q 0 0 0 rg BT 204.73 262.10 Td (Agreement. Detail of Mr) Tj ET Q q 0 0 0 rg BT 303.59 262.10 Td (. Casale) Tj ET Q q 0 0 0 rg BT 338.03 262.10 Td (s Separation ) Tj ET Q q 0 0 0 rg BT 389.13 262.10 Td (Agreement are described below under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.10 Td (heading Post Employment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 226.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 97.17 226.10 Td (. Skidmore, our Executive ) Tj ET Q q 0 0 0 rg BT 204.19 226.10 Td (V) Tj ET Q q 0 0 0 rg BT 210.81 226.10 Td (ice President and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 356.42 226.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 374.33 226.10 Td (, joined us in ) Tj ET Q q 0 0 0 rg BT 427.95 226.10 Td (August 2013. ) Tj ET Q q 0 0 0 rg BT 484.16 226.10 Td (The severance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.10 Td (payments to which Mr) Tj ET Q q 0 0 0 rg BT 139.21 214.10 Td (. Skidmore will be entitled if we terminate his employment without cause or if he terminates his ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.10 Td (employment for good reason are described below under the heading Post Employment. Other details of Mr) Tj ET Q q 0 0 0 rg BT 494.37 202.10 Td (. Skidmore) Tj ET Q q 0 0 0 rg BT 541.03 202.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.10 Td (employment arrangement with us are described in Compensation Discussion and ) Tj ET Q q 0 0 0 rg BT 379.42 190.10 Td (Analysis above.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 166.10 Td (Ms. Cunningham, our Executive ) Tj ET Q q 0 0 0 rg BT 218.08 166.10 Td (V) Tj ET Q q 0 0 0 rg BT 224.70 166.10 Td (ice President, ) Tj ET Q q 0 0 0 rg BT 280.52 166.10 Td (Ag Business and Enterprise Strategy) Tj ET Q q 0 0 0 rg BT 426.51 166.10 Td (, joined us in ) Tj ET Q q 0 0 0 rg BT 480.12 166.10 Td (April 2013. ) Tj ET Q q 0 0 0 rg BT 528.55 166.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.10 Td (severance payments to which Ms. Cunningham will be entitled if we terminate her employment without cause or if she ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.10 Td (terminates her employment for good reason are described below under the heading Post Employment. Other details of Ms. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.10 Td (Cunningham) Tj ET Q q 0 0 0 rg BT 103.94 130.10 Td (s employment arrangement with us are described in Compensation Discussion and ) Tj ET Q q 0 0 0 rg BT 440.26 130.10 Td (Analysis above.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 106.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 97.17 106.10 Td (. Zappa, our Executive ) Tj ET Q q 0 0 0 rg BT 190.29 106.10 Td (V) Tj ET Q q 0 0 0 rg BT 196.91 106.10 Td (ice President and General Counsel, joined us in ) Tj ET Q q 0 0 0 rg BT 388.25 106.10 Td (April 2015. ) Tj ET Q q 0 0 0 rg BT 436.68 106.10 Td (The severance payments to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.10 Td (which Mr) Tj ET Q q 0 0 0 rg BT 88.11 94.10 Td (. Zappa will be entitled if we terminate his employment without cause or if he terminates his employment for good ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.10 Td (reason are described below under the heading Post Employment. Other details of Mr) Tj ET Q q 0 0 0 rg BT 400.78 82.10 Td (. Zappa) Tj ET Q q 0 0 0 rg BT 433.54 82.10 Td (s employment arrangement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 70.10 Td (with us are described in Compensation Discussion and ) Tj ET Q q 0 0 0 rg BT 274.46 70.10 Td (Analysis above.) 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/GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.00 619.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 619.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 619.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.00 619.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 619.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 619.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 589.60 268.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 589.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.00 589.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.00 589.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 589.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 589.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.00 589.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 589.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 589.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 559.60 268.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 559.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.00 559.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.00 559.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 559.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 559.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.00 559.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 559.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 559.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 529.60 268.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 529.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.00 529.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.00 529.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 529.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 529.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.00 529.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 529.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 529.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 499.60 268.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 499.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.00 499.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.00 499.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 499.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 499.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.00 499.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 499.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 499.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 469.60 268.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 469.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.00 469.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.00 469.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 469.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 469.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.00 469.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 469.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 469.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 439.60 268.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 439.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.00 439.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.00 439.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 439.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 439.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.00 439.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 439.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 439.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 409.60 268.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 409.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.00 409.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.00 409.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 409.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 409.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.00 409.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 409.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 409.60 57.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 649.6 m 318 649.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 649.6 m 379 649.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 649.6 m 441 649.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445 649.6 m 502 649.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 649.6 m 563 649.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 653.83 Td (N) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.28 653.83 Td (ame) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 330.55 653.83 Td (Grant Date) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.30 653.83 Td (Threshold \($\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.15 653.83 Td (Target \($\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 510.55 653.83 Td (Maximum \($\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 639.27 Td (Jay Debertin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.50 639.17 Td (....................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.05 639.27 Td (9-2-16) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 355.71 643.80 Td (\(1\)\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.50 639.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 639.27 Td (235,900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.50 639.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 639.27 Td (471,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.50 639.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 639.27 Td (943,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.75 624.27 Td (1) Tj ET Q q 0 0 0 rg BT 331.38 624.27 Td (1-2-16) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 358.04 628.80 Td (\(2\)\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 624.27 Td (235,900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 624.27 Td (471,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.10 624.27 Td (1,887,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.55 609.27 Td (1) Tj ET Q q 0 0 0 rg BT 335.18 609.27 Td (1-2-16) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 361.84 613.80 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.15 610.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 609.27 Td (120,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 609.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.35 594.27 Td (5-22-17) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 362.01 598.80 Td (\(5\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 594.27 Td (862,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.10 594.27 Td (1,725,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.10 594.27 Td (3,450,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.35 579.27 Td (5-22-17) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 362.01 583.80 Td (\(6\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 579.27 Td (862,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.10 579.27 Td (1,725,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.10 579.27 Td (5,750,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 564.27 Td (Timothy Skidmore) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.50 564.17 Td (..........................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.85 564.27 Td (9-2-16) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 359.51 568.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 564.27 Td (172,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 564.27 Td (344,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 564.27 Td (688,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.55 549.27 Td (1) Tj ET Q q 0 0 0 rg BT 335.18 549.27 Td (1-2-16) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 361.84 553.80 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 549.27 Td (172,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 549.27 Td (344,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.10 549.27 Td (1,377,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 534.27 Td (Shirley Cunningham) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.00 534.17 Td (.......................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.85 534.27 Td (9-2-16) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 359.51 538.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 534.27 Td (210,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 534.27 Td (420,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 534.27 Td (840,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.55 519.27 Td (1) Tj ET Q q 0 0 0 rg BT 335.18 519.27 Td (1-2-16) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 361.84 523.80 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 519.27 Td (210,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 519.27 Td (420,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.10 519.27 Td (1,680,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 504.27 Td (James Zappa) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.50 504.17 Td (....................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.85 504.27 Td (9-2-16) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 359.51 508.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 504.27 Td (149,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 504.27 Td (299,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 504.27 Td (599,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.55 489.27 Td (1) Tj ET Q q 0 0 0 rg BT 335.18 489.27 Td (1-2-16) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 361.84 493.80 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 489.27 Td (149,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 489.27 Td (299,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.10 489.27 Td (1,198,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 474.27 Td (Darin Hunhoff) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 474.17 Td (.................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.05 474.27 Td (9-2-16) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 355.71 478.80 Td (\(1\)\(9\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 474.27 Td (83,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 474.27 Td (166,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 474.27 Td (332,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.75 459.27 Td (1) Tj ET Q q 0 0 0 rg BT 331.38 459.27 Td (1-2-16) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 358.04 463.80 Td (\(3\)\(9\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 459.27 Td (83,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 459.27 Td (166,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 459.27 Td (664,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.35 444.27 Td (5-22-17) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 362.01 448.80 Td (\(7\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 444.27 Td (175,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 444.27 Td (350,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 444.27 Td (700,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.35 429.27 Td (5-22-17) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 362.01 433.80 Td (\(8\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 429.27 Td (175,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 429.27 Td (350,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.10 429.27 Td (1,400,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 414.27 Td (Carl Casale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.50 414.17 Td (......................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.85 414.27 Td (9-2-16) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 359.51 418.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 414.27 Td (656,875) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.10 414.27 Td (1,313,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.10 414.27 Td (2,627,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 399.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.55 399.27 Td (1) Tj ET Q q 0 0 0 rg BT 335.18 399.27 Td (1-2-16) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 361.84 403.80 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 399.27 Td (788,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.10 399.27 Td (1,576,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.10 399.27 Td (6,306,000) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 385.50 Td (_______________________________________) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 67.50 366.03 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 361.50 Td (Represents range of possible awards under our fiscal 2017 ) Tj ET Q q 0 0 0 rg BT 320.71 361.50 Td (Annual ) Tj ET Q q 0 0 0 rg BT 352.47 361.50 Td (V) Tj ET Q q 0 0 0 rg BT 358.59 361.50 Td (ariable Pay Plan. ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 67.50 342.03 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 337.50 Td (These grants were terminated when Mr) Tj ET Q q 0 0 0 rg BT 241.83 337.50 Td (. Debertin was elected President and CEO on May 22, 2017.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 67.50 318.03 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 313.50 Td (Represents range of possible awards under our L) Tj ET Q q 0 0 0 rg BT 279.80 313.50 Td (TIP) Tj ET Q q 0 0 0 rg BT 294.43 313.50 Td ( for the fiscal 2017-2019 performance period. Goals are based on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 301.50 Td (achieving a three-year ROAE of 5.5% threshold, 7.0% tar) Tj ET Q q 0 0 0 rg BT 316.63 301.50 Td (get and 9.0% maximum plus a potential award for superior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 289.50 Td (20% ROAE performance. ) Tj ET Q q 0 0 0 rg BT 191.39 289.50 Td (V) Tj ET Q q 0 0 0 rg BT 197.51 289.50 Td (alues displayed in the maximum column reflect 20% superior ROAE performance award ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 277.50 Td (potential. ) Tj ET Q q 0 0 0 rg BT 125.31 277.50 Td (The 9.0% maximum performance award values are not listed in this table. ) Tj ET Q q 0 0 0 rg BT 423.00 277.50 Td (A) Tj ET Q q 0 0 0 rg BT 429.30 277.50 Td (wards are earned over a three-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 265.50 Td (year period and vest over an additional 28-month period. ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 67.50 246.03 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 241.50 Td (Represents maximum fiscal 2017 annual award opportunity for Mr) Tj ET Q q 0 0 0 rg BT 352.66 241.50 Td (. Debertin under the Supplemental Plan, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 229.50 Td (Supplemental Plan and all applicable grants thereunder were terminated when Mr) Tj ET Q q 0 0 0 rg BT 411.50 229.50 Td (. Debertin was elected President and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 217.50 Td (CEO on May 22, 2017.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 67.50 198.03 Td (\(5\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 193.50 Td (Represents range of possible awards under our fiscal 2017 ) Tj ET Q q 0 0 0 rg BT 320.71 193.50 Td (Annual ) Tj ET Q q 0 0 0 rg BT 352.47 193.50 Td (V) Tj ET Q q 0 0 0 rg BT 358.59 193.50 Td (ariable Pay Plan with respect to grants made to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 181.50 Td (Mr) Tj ET Q q 0 0 0 rg BT 97.17 181.50 Td (. Debertin on May 22, 2017, at time of his promotion to President and CEO.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 67.50 162.03 Td (\(6\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 157.50 Td (Represents range of possible awards under our L) Tj ET Q q 0 0 0 rg BT 279.80 157.50 Td (TIP) Tj ET Q q 0 0 0 rg BT 294.43 157.50 Td ( for the fiscal 2017-2019 performance period with respect to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 145.50 Td (grants made to Mr) Tj ET Q q 0 0 0 rg BT 158.54 145.50 Td (. Debertin on May 22, 2017, at time of his promotion to President and CEO.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 67.50 126.03 Td (\(7\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 121.50 Td (Represents range of possible awards under our fiscal 2017 ) Tj ET Q q 0 0 0 rg BT 320.71 121.50 Td (Annual ) Tj ET Q q 0 0 0 rg BT 352.47 121.50 Td (V) Tj ET Q q 0 0 0 rg BT 358.59 121.50 Td (ariable Pay Plan with respect to grants made to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 109.50 Td (Mr) Tj ET Q q 0 0 0 rg BT 97.17 109.50 Td (. Hunhof) Tj ET Q q 0 0 0 rg BT 132.54 109.50 Td (f on May 22, 2017, at time of his promotion to Executive ) Tj ET Q q 0 0 0 rg BT 363.43 109.50 Td (V) Tj ET Q q 0 0 0 rg BT 370.06 109.50 Td (ice President, Ener) Tj ET Q q 0 0 0 rg BT 445.12 109.50 Td (gy and Foods.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 67.50 90.03 Td (\(8\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 85.50 Td (Represents range of possible awards under our L) Tj ET Q q 0 0 0 rg BT 279.80 85.50 Td (TIP) Tj ET Q q 0 0 0 rg BT 294.43 85.50 Td ( for the fiscal 2017-2019 performance period with respect to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 73.50 Td (grants made to Mr) Tj ET Q q 0 0 0 rg BT 158.54 73.50 Td (. Hunhof) Tj ET Q q 0 0 0 rg BT 193.91 73.50 Td (f on May 22, 2017, at time of his promotion to Executive ) Tj ET Q q 0 0 0 rg BT 424.81 73.50 Td (V) Tj ET Q q 0 0 0 rg BT 431.43 73.50 Td (ice President, Ener) Tj ET Q q 0 0 0 rg BT 506.50 73.50 Td (gy and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 61.50 Td (Foods. ) Tj ET Q endstream endobj 143 0 obj <>] /Rotate 0 /Contents 144 0 R>> endobj 144 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (68) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 67.50 746.63 Td (\(9\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 742.10 Td (These grants were terminated when Mr) Tj ET Q q 0 0 0 rg BT 241.83 742.10 Td (. Hunhof) Tj ET Q q 0 0 0 rg BT 277.20 742.10 Td (f was promoted to Executive ) Tj ET Q q 0 0 0 rg BT 394.49 742.10 Td (V) Tj ET Q q 0 0 0 rg BT 401.11 742.10 Td (ice President, Ener) Tj ET Q q 0 0 0 rg BT 476.18 742.10 Td (gy and Foods on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 730.10 Td (May 22, 2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 121.50 706.10 Td (The material terms of annual variable pay and long-term incentive awards that are disclosed in this table, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 694.10 Td (including the vesting schedule, are described under Compensation Discussion and ) Tj ET Q q 0 0 0 rg BT 420.14 694.10 Td (Analysis above.) 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8.00 Tf ET q 0 0 0 rg BT 372.50 723.83 Td (Number) Tj ET Q q 0 0 0 rg BT 400.80 723.83 Td ( of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.10 715.83 Td (Y) Tj ET Q q 0 0 0 rg BT 381.99 715.83 Td (ears of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.95 707.83 Td (Cr) Tj ET Q q 0 0 0 rg BT 385.13 707.83 Td (edited) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 378.55 699.83 Td (Service) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.30 691.83 Td (\(#\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.15 715.98 Td (Pr) Tj ET Q q 0 0 0 rg BT 455.44 715.98 Td (esent) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.00 707.98 Td (V) Tj ET Q q 0 0 0 rg BT 451.04 707.98 Td (alue of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.30 699.98 Td (Accumulated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.55 691.98 Td (Benefits \($\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.80 707.98 Td (Payments) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.70 699.98 Td (During Last) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 504.05 691.98 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 525.75 691.98 Td (Y) Tj ET Q q 0 0 0 rg BT 530.64 691.98 Td (ear) Tj ET Q q 0 0 0 rg BT 541.60 691.98 Td ( \($\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 677.42 Td (Jay Debertin) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 103.32 681.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.50 677.32 Td (......................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.50 677.42 Td (Pension Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.50 677.32 Td (..................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.00 677.42 Td (33.2500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 677.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 677.42 Td (926,327) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 677.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.15 677.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 662.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.50 662.42 Td (SERP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.00 662.32 Td (.............................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.00 662.42 Td (33.2500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 662.42 Td (2,643,799) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.15 662.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 647.42 Td (Timothy Skidmore) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.00 647.32 Td (...............) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.50 647.42 Td (Pension Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.50 647.32 Td (..................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.00 647.42 Td (4.0000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 647.42 Td (112,080) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.15 647.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.50 632.42 Td (SERP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.00 632.32 Td (.............................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.00 632.42 Td (4.0000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 632.42 Td (328,898) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.15 632.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 617.42 Td (Shirley Cunningham) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.50 617.32 Td (............) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.50 617.42 Td (Pension Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.50 617.32 Td (..................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.00 617.42 Td (4.3333) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 617.42 Td (111,517) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.15 617.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 602.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.50 602.42 Td (SERP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.00 602.32 Td (.............................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.00 602.42 Td (4.3333) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 602.42 Td (454,813) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.15 602.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 587.42 Td (James Zappa) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 587.32 Td (.........................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.50 587.42 Td (Pension Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.50 587.32 Td (..................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.00 587.42 Td (1.3333) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 587.42 Td (55,662) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.15 587.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 572.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.50 572.42 Td (SERP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.00 572.32 Td (.............................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.00 572.42 Td (1.3333) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 572.42 Td (167,660) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.15 572.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 557.42 Td (Darin Hunhoff) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.50 557.32 Td (......................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.50 557.42 Td (Pension Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.50 557.32 Td (..................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.00 557.42 Td (25.2500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 557.42 Td (575,678) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.15 557.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.50 542.42 Td (SERP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.00 542.32 Td (.............................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.00 542.42 Td (25.2500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 542.42 Td (363,467) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.15 542.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 527.42 Td (Carl Casale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.00 527.32 Td (...........................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.50 527.42 Td (Pension Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.50 527.32 Td (..................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.00 527.42 Td (6.6667) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 527.42 Td (145,050) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 527.42 Td (133,868) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 512.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.50 512.42 Td (SERP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.00 512.32 Td (.............................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.00 512.42 Td (6.6667) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 512.42 Td (2,108,513) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.15 512.42 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 67.50 491.18 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 486.65 Td (Mr) Tj ET Q q 0 0 0 rg BT 97.17 486.65 Td (. Debertin is eligible for early retirement in both the Pension Plan and the SERP) Tj ET Q q 0 0 0 rg BT 415.72 486.65 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.65 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 462.65 Td (The above table shows the present value of accumulated retirement benefits that Named Executive Of) Tj ET Q q 0 0 0 rg BT 492.94 462.65 Td (ficers are entitled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.65 Td (to under the Pension Plan and the SERP) Tj ET Q q 0 0 0 rg BT 208.66 450.65 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.65 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 426.65 Td (For a discussion of the material terms and conditions of the Pension Plan and the SERP) Tj ET Q q 0 0 0 rg BT 434.07 426.65 Td (, see Compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.65 Td (Discussion and ) Tj ET Q q 0 0 0 rg BT 112.28 414.65 Td (Analysis above.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 390.65 Td (The present value of accumulated benefits is determined in accordance with the same assumptions outlined in Note10, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 378.65 Td (Benefit Plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.10 378.65 Td (, of the notes to consolidated financial statements that are included in this ) Tj ET Q q 0 0 0 rg BT 398.58 378.65 Td (Annual Report on Form 10-K:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 354.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 354.65 Td (Discount rate of 3.75% for the Pension Plan and 3.38% for the SERP;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 342.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 342.65 Td (RP) Tj ET Q q 0 0 0 rg BT 115.36 342.65 Td ( 2014 Mortality ) Tj ET Q q 0 0 0 rg BT 180.45 342.65 Td (T) Tj ET Q q 0 0 0 rg BT 185.86 342.65 Td (able with a fully generational projection reflecting scale MP) Tj ET Q q 0 0 0 rg BT 425.96 342.65 Td ( 2016 from 2006;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 330.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 330.65 Td (Each Named Executive Of) Tj ET Q q 0 0 0 rg BT 210.21 330.65 Td (ficer is assumed to retire at the earliest retirement age at which unreduced benefits are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 318.65 Td (available \(age65\). ) Tj ET Q q 0 0 0 rg BT 179.95 318.65 Td (The early retirement benefit under the cash balance plan formula is equal to the participant) Tj ET Q q 0 0 0 rg BT 545.35 318.65 Td (s) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 306.65 Td (account balance;and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 294.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 294.65 Td (Payments under the cash balance formula of the Pension Plan assume a lump sum payment. SERP) Tj ET Q q 0 0 0 rg BT 496.39 294.65 Td ( benefits are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 282.65 Td (payable as a lump sum.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.65 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 258.65 Td (The normal form of benefit for a single Named Executive Of) Tj ET Q q 0 0 0 rg BT 329.12 258.65 Td (ficer is a life only annuity) Tj ET Q q 0 0 0 rg BT 431.49 258.65 Td (, and for a married Named ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.65 Td (Executive Of) Tj ET Q q 0 0 0 rg BT 102.35 246.65 Td (ficer the normal form of benefit is a 50% joint and survivor annuity) Tj ET Q q 0 0 0 rg BT 371.63 246.65 Td (. Other annuity forms are also available on an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.65 Td (actuarial equivalent basis. ) Tj ET Q q 0 0 0 rg BT 155.02 234.65 Td (A) Tj ET Q q 0 0 0 rg BT 161.69 234.65 Td ( lump sum option is also available.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.65 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 210.65 Td (All Named Executive Of) Tj ET Q q 0 0 0 rg BT 185.01 210.65 Td (ficers) Tj ET Q q 0 0 0 rg BT 209.80 210.65 Td ( retirement benefits at normal retirement age will be equal to their accumulated benefits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.65 Td (under the Pension Plan and the SERP) Tj ET Q q 0 0 0 rg BT 198.38 198.65 Td (, as described under Compensation Discussion and ) Tj ET Q q 0 0 0 rg BT 407.79 198.65 Td (Analysis above.) Tj ET Q endstream endobj 147 0 obj <>] /Rotate 0 /Contents 148 0 R>> endobj 148 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.30 730.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.80 730.10 Td (2017 Nonqualified Deferr) Tj ET Q q 0 0 0 rg BT 324.50 730.10 Td (ed Compensation) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 666.60 157.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.00 666.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.00 666.60 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.00 666.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg 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638.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 638.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 638.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 638.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 638.60 90.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 610.60 157.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.00 610.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.00 610.60 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.00 610.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 610.60 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.00 610.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 610.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 610.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 610.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 468.00 610.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.00 610.60 90.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 666.6 m 206 666.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 666.6 m 277 666.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281 666.6 m 345 666.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349 666.6 m 406 666.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 666.6 m 468 666.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 666.6 m 562 666.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281 666.6 m 345 666.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349 666.6 m 406 666.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 666.6 m 468 666.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472 666.6 m 562 666.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 670.83 Td (Name) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 226.30 694.83 Td (Executive) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 214.65 686.83 Td (Contributions in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 215.65 678.83 Td (Last Fiscal ) Tj ET Q q 0 0 0 rg BT 254.46 678.83 Td (Y) Tj ET Q q 0 0 0 rg BT 259.35 678.83 Td (ear) Tj ET Q q 0 0 0 rg BT 270.31 678.83 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 235.30 670.83 Td (\($\) 1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.50 694.83 Td (Registrant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.15 686.83 Td (Contributions in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 285.15 678.83 Td (Last Fiscal ) Tj ET Q q 0 0 0 rg BT 323.96 678.83 Td (Y) Tj ET Q q 0 0 0 rg BT 328.85 678.83 Td (ear) Tj ET Q q 0 0 0 rg BT 339.81 678.83 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 304.80 670.83 Td (\($\) 2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 359.50 702.83 Td (Aggr) Tj ET Q q 0 0 0 rg BT 376.68 702.83 Td (egate ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.40 694.83 Td (Earnings) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.10 686.83 Td (in Last Fiscal ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.05 678.83 Td (Y) Tj ET Q q 0 0 0 rg BT 373.94 678.83 Td (ear) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.30 670.83 Td (\($\) 3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.00 694.83 Td (Aggr) Tj ET Q q 0 0 0 rg BT 438.18 694.83 Td (egate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.20 686.83 Td (W) Tj ET Q q 0 0 0 rg BT 423.06 686.83 Td (ithdrawals/) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.05 678.83 Td (Distributions ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.80 670.83 Td (\($\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.45 686.83 Td (Aggregate Balance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.70 678.83 Td (at Last Fiscal Year End) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.80 670.83 Td (\($\) 2,4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 657.17 Td (Jay Debertin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.50 657.17 Td (........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.50 657.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.15 657.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.50 657.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 657.17 Td (803,850) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.50 657.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 657.17 Td (661,205) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.50 657.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.10 657.17 Td (2,777,388) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.50 657.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.15 657.17 Td (14,191,782) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 643.17 Td (Timothy Skidmore) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.50 643.17 Td (..............................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.65 643.17 Td (52,350) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 643.17 Td (584,502) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 643.17 Td (293,140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 643.17 Td (686,378) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 643.17 Td (3,642,097) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 629.17 Td (Shirley Cunningham) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 629.17 Td (...........................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.65 629.17 Td (100,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 629.17 Td (694,471) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 629.17 Td (205,025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.10 629.17 Td (1,416,939) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 629.17 Td (3,919,746) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 615.17 Td (James Zappa) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 615.17 Td (.......................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.15 615.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 615.17 Td (514,898) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 615.17 Td (72,769) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.15 615.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 615.17 Td (664,164) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 601.17 Td (Darin Hunhoff) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.50 601.17 Td (....................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.15 601.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 601.17 Td (265,221) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 601.17 Td (329,013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 601.17 Td (216,030) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 601.17 Td (2,549,270) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 587.17 Td (Carl Casale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.00 587.17 Td (.........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.15 587.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 587.17 Td (2,226,958) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 587.17 Td (456,350) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.10 587.17 Td (5,015,394) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 587.17 Td (8,339,454) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 67.50 557.63 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 553.10 Td (Includes amounts deferred from salary and annual incentive pay reflected in the Summary Compensation ) Tj ET Q q 0 0 0 rg BT 508.51 553.10 Td (T) Tj ET Q q 0 0 0 rg BT 513.92 553.10 Td (able.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 67.50 539.63 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 535.10 Td (Contributions are made by us into the Deferred Compensation Plan on behalf of Named Executive Of) Tj ET Q q 0 0 0 rg BT 492.16 535.10 Td (ficers. ) Tj ET Q q 0 0 0 rg BT 518.81 535.10 Td (Amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 523.10 Td (include L) Tj ET Q q 0 0 0 rg BT 122.62 523.10 Td (TIP) Tj ET Q q 0 0 0 rg BT 136.52 523.10 Td (, retirement contributions on amounts exceeding IRS compensation limits, Profit Sharing, and 401\(k\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 511.10 Td (match. ) Tj ET Q q 0 0 0 rg BT 114.75 511.10 Td (The amounts reported were made in early fiscal 2017 based on fiscal 2016 results. ) Tj ET Q q 0 0 0 rg BT 445.86 511.10 Td (These results are also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 499.10 Td (included in amounts reported in the Summary Compensation ) Tj ET Q q 0 0 0 rg BT 331.39 499.10 Td (T) Tj ET Q q 0 0 0 rg BT 336.80 499.10 Td (able: Mr) Tj ET Q q 0 0 0 rg BT 370.40 499.10 Td (. Debertin, $14,315; Mr) Tj ET Q q 0 0 0 rg BT 464.84 499.10 Td (. Skidmore, $7,945; Ms. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 487.10 Td (Cunningham, $1) Tj ET Q q 0 0 0 rg BT 151.79 487.10 Td (1,725; Mr) Tj ET Q q 0 0 0 rg BT 191.24 487.10 Td (. Zappa, $6,080; Mr) Tj ET Q q 0 0 0 rg BT 270.68 487.10 Td (. Hunhof) Tj ET Q q 0 0 0 rg BT 306.05 487.10 Td (f, $4,571; and Mr) Tj ET Q q 0 0 0 rg BT 375.76 487.10 Td (. Casale, $27,510.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 67.50 473.63 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 469.10 Td (The amounts in this column include the change in value of the balance, not including contributions made by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 457.10 Td (Named Executive Of) Tj ET Q q 0 0 0 rg BT 169.73 457.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 187.49 457.10 Td (. ) Tj ET Q q 0 0 0 rg BT 191.94 457.10 Td (Amounts include the following above market earnings in fiscal 2017 that are also reflected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 445.10 Td (in the Summary Compensation ) Tj ET Q q 0 0 0 rg BT 211.97 445.10 Td (T) Tj ET Q q 0 0 0 rg BT 217.38 445.10 Td (able: Mr) Tj ET Q q 0 0 0 rg BT 250.99 445.10 Td (. Debertin, $1) Tj ET Q q 0 0 0 rg BT 305.60 445.10 Td (18,199; Mr) Tj ET Q q 0 0 0 rg BT 350.05 445.10 Td (. Skidmore, $16,145; Ms. Cunningham, $32,452; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 433.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 97.17 433.10 Td (. Zappa, $0; Mr) Tj ET Q q 0 0 0 rg BT 159.10 433.10 Td (. Hunhof) Tj ET Q q 0 0 0 rg BT 194.47 433.10 Td (f, $6,578; and Mr) Tj ET Q q 0 0 0 rg BT 264.19 433.10 Td (. Casale, $93,434.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 67.50 419.63 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 415.10 Td (Amounts vary in accordance with individual pension plan provisions and voluntary employee deferrals and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 403.10 Td (withdrawals. ) Tj ET Q q 0 0 0 rg BT 139.20 403.10 Td (These amounts include rollovers, voluntary salary and voluntary incentive plan contributions from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 391.10 Td (predecessor plans with predecessor employers that have increased in value over the course of the executive) Tj ET Q q 0 0 0 rg BT 516.72 391.10 Td (s career) Tj ET Q q 0 0 0 rg BT 546.97 391.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 379.10 Td (Named Executive Of) Tj ET Q q 0 0 0 rg BT 169.73 379.10 Td (ficers may defer up to 75% of their base salary and up to 100% of their annual variable pay to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 367.10 Td (Deferred Compensation Plan. Earnings on amounts deferred under the Deferred Compensation Plan are determined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 355.10 Td (based on the investment election made by the Named Executive Of) Tj ET Q q 0 0 0 rg BT 354.12 355.10 Td (ficer from five market-based notional investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 343.10 Td (with a varying level of risk selected by us, and a fixed rate fund. ) Tj ET Q q 0 0 0 rg BT 344.68 343.10 Td (The notional investment returns for fiscal 2017 were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 331.10 Td (as follows: ) Tj ET Q q 0 0 0 rg BT 131.43 331.10 Td (V) Tj ET Q q 0 0 0 rg BT 137.54 331.10 Td (anguard Prime Money Market, 0.57%; ) Tj ET Q q 0 0 0 rg BT 294.27 331.10 Td (V) Tj ET Q q 0 0 0 rg BT 300.38 331.10 Td (anguard Life Strategy Income, 3.27%; ) Tj ET Q q 0 0 0 rg BT 455.98 331.10 Td (V) Tj ET Q q 0 0 0 rg BT 462.10 331.10 Td (anguard Life Strategy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 319.10 Td (Conservative Growth, 6.68%; ) Tj ET Q q 0 0 0 rg BT 207.24 319.10 Td (V) Tj ET Q q 0 0 0 rg BT 213.36 319.10 Td (anguard Life Strategy Moderate Growth, 10.01%; ) Tj ET Q q 0 0 0 rg BT 415.34 319.10 Td (V) Tj ET Q q 0 0 0 rg BT 421.45 319.10 Td (anguard Life Strategy Growth, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 307.10 Td (13.48%; and the Fixed Rate was 4.00%.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 289.10 Td (Named Executive Of) Tj ET Q q 0 0 0 rg BT 169.73 289.10 Td (ficers may change their investment election daily) Tj ET Q q 0 0 0 rg BT 365.67 289.10 Td (. Payments of amounts deferred are made in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 277.10 Td (accordance with elections by the Named Executive Of) Tj ET Q q 0 0 0 rg BT 302.73 277.10 Td (ficer and in accordance with Section409A) Tj ET Q q 0 0 0 rg BT 472.66 277.10 Td ( under the Internal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 265.10 Td (Revenue Code. Payments under the Deferred Compensation Plan may be made at a specified date elected by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 253.10 Td (Named Executive Of) Tj ET Q q 0 0 0 rg BT 169.73 253.10 Td (ficer or deferred until retirement, disability) Tj ET Q q 0 0 0 rg BT 340.68 253.10 Td (, or death. Such payments would be made in a lump ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 241.10 Td (sum. In the event of retirement, the Named Executive Of) Tj ET Q q 0 0 0 rg BT 312.74 241.10 Td (ficer can elect to receive payments either in a lump sum or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 229.10 Td (annual installments up to 10years.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 205.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 205.10 Td (For a discussion of the material terms and conditions of the Deferred Compensation Plan, see Compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 193.10 Td (Discussion and ) Tj ET Q q 0 0 0 rg BT 112.28 193.10 Td (Analysis above.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 169.10 Td (Post Employment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 139.70 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 139.70 Td (Pursuant to the terms of his Employment ) Tj ET Q q 0 0 0 rg BT 251.32 139.70 Td (Agreement, Mr) Tj ET Q q 0 0 0 rg BT 312.41 139.70 Td (. Debertin, our President and CEO, is entitled to severance in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 127.70 Td (the event that his employment is terminated by us without cause or by him with good reason. Specifically) Tj ET Q q 0 0 0 rg BT 479.86 127.70 Td (, severance under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 115.70 Td (the Employment ) Tj ET Q q 0 0 0 rg BT 117.83 115.70 Td (Agreement would consist of:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 91.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 91.70 Td (The ) Tj ET Q q 0 0 0 rg BT 139.93 91.70 Td (annual ) Tj ET Q q 0 0 0 rg BT 169.46 91.70 Td (incentive ) Tj ET Q q 0 0 0 rg BT 209.00 91.70 Td (compensation ) Tj ET Q q 0 0 0 rg BT 267.42 91.70 Td (Mr) Tj ET Q q 0 0 0 rg BT 279.09 91.70 Td (. ) Tj ET Q q 0 0 0 rg BT 284.47 91.70 Td (Debertin ) Tj ET Q q 0 0 0 rg BT 322.33 91.70 Td (would ) Tj ET Q q 0 0 0 rg BT 350.22 91.70 Td (have ) Tj ET Q q 0 0 0 rg BT 371.97 91.70 Td (been ) Tj ET Q q 0 0 0 rg BT 393.73 91.70 Td (entitled ) Tj ET Q q 0 0 0 rg BT 426.60 91.70 Td (to ) Tj ET Q q 0 0 0 rg BT 437.26 91.70 Td (receive ) Tj ET Q q 0 0 0 rg BT 469.00 91.70 Td (for ) Tj ET Q q 0 0 0 rg BT 483.55 91.70 Td (the ) Tj ET Q q 0 0 0 rg BT 498.64 91.70 Td (year ) Tj ET Q q 0 0 0 rg BT 518.73 91.70 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 79.70 Td (which ) Tj ET Q q 0 0 0 rg BT 147.88 79.70 Td (his ) Tj ET Q q 0 0 0 rg BT 161.50 79.70 Td (termination ) Tj ET Q q 0 0 0 rg BT 209.54 79.70 Td (occurred ) Tj ET Q q 0 0 0 rg BT 246.46 79.70 Td (as ) Tj ET Q q 0 0 0 rg BT 256.73 79.70 Td (if ) Tj ET Q q 0 0 0 rg BT 264.78 79.70 Td (he ) Tj ET Q q 0 0 0 rg BT 276.16 79.70 Td (had ) Tj ET Q q 0 0 0 rg BT 292.54 79.70 Td (continued ) Tj ET Q q 0 0 0 rg BT 333.92 79.70 Td (until ) Tj ET Q q 0 0 0 rg BT 354.20 79.70 Td (the ) Tj ET Q q 0 0 0 rg BT 368.36 79.70 Td (end ) Tj ET Q q 0 0 0 rg BT 384.74 79.70 Td (of ) Tj ET Q q 0 0 0 rg BT 395.02 79.70 Td (that ) Tj ET Q q 0 0 0 rg BT 411.95 79.70 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 435.55 79.70 Td (year) Tj ET Q q 0 0 0 rg BT 452.36 79.70 Td (, ) Tj ET Q q 0 0 0 rg BT 456.80 79.70 Td (determined ) Tj ET Q q 0 0 0 rg BT 503.73 79.70 Td (based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 67.70 Td (on ) Tj ET Q q 0 0 0 rg BT 132.88 67.70 Td (our ) Tj ET Q q 0 0 0 rg BT 147.60 67.70 Td (actual ) Tj ET Q q 0 0 0 rg BT 172.85 67.70 Td (performance ) Tj ET Q q 0 0 0 rg BT 224.76 67.70 Td (for ) Tj ET Q q 0 0 0 rg BT 237.80 67.70 Td (that ) Tj ET Q q 0 0 0 rg BT 254.18 67.70 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 277.22 67.70 Td (year ) Tj ET Q q 0 0 0 rg BT 295.81 67.70 Td (relative ) Tj ET Q q 0 0 0 rg BT 327.17 67.70 Td (to ) Tj ET Q q 0 0 0 rg BT 336.33 67.70 Td (the ) Tj ET Q q 0 0 0 rg BT 349.93 67.70 Td (performance ) Tj ET Q q 0 0 0 rg BT 401.84 67.70 Td (goals ) Tj ET Q q 0 0 0 rg BT 424.33 67.70 Td (applicable ) Tj ET Q q 0 0 0 rg BT 466.80 67.70 Td (to ) Tj ET Q q 0 0 0 rg BT 475.97 67.70 Td (Mr) Tj ET Q q 0 0 0 rg BT 487.64 67.70 Td (. ) Tj ET Q q 0 0 0 rg BT 491.52 67.70 Td (Debertin ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 55.70 Td (\(with ) Tj ET Q q 0 0 0 rg BT 145.16 55.70 Td (that ) Tj ET Q q 0 0 0 rg BT 162.70 55.70 Td (portion ) Tj ET Q q 0 0 0 rg BT 194.13 55.70 Td (of ) Tj ET Q q 0 0 0 rg BT 205.01 55.70 Td (the ) Tj ET Q q 0 0 0 rg BT 219.78 55.70 Td (annual ) Tj ET Q q 0 0 0 rg BT 248.98 55.70 Td (incentive ) Tj ET Q q 0 0 0 rg BT 288.18 55.70 Td (compensation ) Tj ET Q q 0 0 0 rg BT 346.27 55.70 Td (based ) Tj ET Q q 0 0 0 rg BT 371.58 55.70 Td (on ) Tj ET Q q 0 0 0 rg BT 384.13 55.70 Td (completion ) Tj ET Q q 0 0 0 rg BT 431.67 55.70 Td (or ) Tj ET Q q 0 0 0 rg BT 442.55 55.70 Td (partial ) Tj ET Q q 0 0 0 rg BT 470.64 55.70 Td (completion ) Tj ET Q q 0 0 0 rg BT 518.18 55.70 Td (of ) Tj ET Q endstream endobj 149 0 obj <>] /Rotate 0 /Contents 150 0 R>> endobj 150 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 742.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 165.31 742.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 203.00 742.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 238.47 742.10 Td (goals ) Tj ET Q q 0 0 0 rg BT 261.18 742.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 284.43 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 293.80 742.10 Td (30% ) Tj ET Q q 0 0 0 rg BT 313.73 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 323.66 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.47 742.10 Td (tar) Tj ET Q q 0 0 0 rg BT 347.83 742.10 Td (get ) Tj ET Q q 0 0 0 rg BT 361.65 742.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 389.90 742.10 Td (incentive\), ) Tj ET Q q 0 0 0 rg BT 433.97 742.10 Td (prorated ) Tj ET Q q 0 0 0 rg BT 468.88 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 482.14 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 495.95 742.10 Td (number ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 131.98 730.10 Td (days ) Tj ET Q q 0 0 0 rg BT 152.46 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 162.38 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.75 730.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 200.55 730.10 Td (year ) Tj ET Q q 0 0 0 rg BT 219.91 730.10 Td (through ) Tj ET Q q 0 0 0 rg BT 253.17 730.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 264.83 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 269.48 730.10 Td (Debertin) Tj ET Q q 0 0 0 rg BT 307.25 730.10 Td (s ) Tj ET Q q 0 0 0 rg BT 313.29 730.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 361.53 730.10 Td (date ) Tj ET Q q 0 0 0 rg BT 380.34 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 396.92 730.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 436.28 730.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 469.52 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 479.44 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 486.03 730.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 505.95 730.10 Td (lump ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 718.10 Td (sum ) Tj ET Q q 0 0 0 rg BT 140.67 718.10 Td (at ) Tj ET Q q 0 0 0 rg BT 150.39 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.10 718.10 Td (time ) Tj ET Q q 0 0 0 rg BT 185.38 718.10 Td (that ) Tj ET Q q 0 0 0 rg BT 202.87 718.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 242.02 718.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 272.84 718.10 Td (are ) Tj ET Q q 0 0 0 rg BT 287.55 718.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 321.14 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 331.42 718.10 Td (other ) Tj ET Q q 0 0 0 rg BT 354.47 718.10 Td (participants;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 694.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 694.10 Td (T) Tj ET Q q 0 0 0 rg BT 126.91 694.10 Td (wo ) Tj ET Q q 0 0 0 rg BT 141.60 694.10 Td (times ) Tj ET Q q 0 0 0 rg BT 165.74 694.10 Td (Debertin) Tj ET Q q 0 0 0 rg BT 203.50 694.10 Td (s ) Tj ET Q q 0 0 0 rg BT 209.87 694.10 Td (base ) Tj ET Q q 0 0 0 rg BT 230.11 694.10 Td (salary ) Tj ET Q q 0 0 0 rg BT 256.46 694.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 275.60 694.10 Td (two ) Tj ET Q q 0 0 0 rg BT 293.07 694.10 Td (times ) Tj ET Q q 0 0 0 rg BT 317.21 694.10 Td (his ) Tj ET Q q 0 0 0 rg BT 331.35 694.10 Td (tar) Tj ET Q q 0 0 0 rg BT 341.72 694.10 Td (get ) Tj ET Q q 0 0 0 rg BT 356.41 694.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 385.53 694.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 424.66 694.10 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 485.17 694.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 518.74 694.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 682.10 Td (three ) Tj ET Q q 0 0 0 rg BT 143.32 682.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 166.81 682.10 Td (installments ) Tj ET Q q 0 0 0 rg BT 216.97 682.10 Td (with ) Tj ET Q q 0 0 0 rg BT 236.58 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.63 682.10 Td (first ) Tj ET Q q 0 0 0 rg BT 268.57 682.10 Td (installment ) Tj ET Q q 0 0 0 rg BT 314.84 682.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 347.77 682.10 Td (60 ) Tj ET Q q 0 0 0 rg BT 359.60 682.10 Td (days ) Tj ET Q q 0 0 0 rg BT 379.76 682.10 Td (following ) Tj ET Q q 0 0 0 rg BT 420.48 682.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 468.41 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 484.68 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 498.73 682.10 Td (second ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 138.75 670.10 Td (third ) Tj ET Q q 0 0 0 rg BT 160.44 670.10 Td (installments ) Tj ET Q q 0 0 0 rg BT 211.58 670.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 245.49 670.10 Td (on ) Tj ET Q q 0 0 0 rg BT 258.29 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.32 670.10 Td (first ) Tj ET Q q 0 0 0 rg BT 292.24 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 309.49 670.10 Td (second ) Tj ET Q q 0 0 0 rg BT 340.06 670.10 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 389.52 670.10 Td (dates ) Tj ET Q q 0 0 0 rg BT 412.87 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 424.01 670.10 Td (termination, ) Tj ET Q q 0 0 0 rg BT 475.42 670.10 Td (respectively; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 658.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 634.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 634.10 Td (W) Tj ET Q q 0 0 0 rg BT 130.14 634.10 Td (elfare ) Tj ET Q q 0 0 0 rg BT 155.39 634.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 185.66 634.10 Td (continuation ) Tj ET Q q 0 0 0 rg BT 238.15 634.10 Td (for ) Tj ET Q q 0 0 0 rg BT 252.31 634.10 Td (two ) Tj ET Q q 0 0 0 rg BT 269.81 634.10 Td (years ) Tj ET Q q 0 0 0 rg BT 293.40 634.10 Td (following ) Tj ET Q q 0 0 0 rg BT 334.79 634.10 Td (termination.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 610.10 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 121.80 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 130.89 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.41 610.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 167.93 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 177.56 610.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 189.23 610.10 Td (. ) Tj ET Q q 0 0 0 rg BT 193.03 610.10 Td (Casale) Tj ET Q q 0 0 0 rg BT 222.47 610.10 Td (s ) Tj ET Q q 0 0 0 rg BT 227.66 610.10 Td (Separation ) Tj ET Q q 0 0 0 rg BT 271.44 610.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 319.67 610.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 331.34 610.10 Td (. ) Tj ET Q q 0 0 0 rg BT 335.14 610.10 Td (Casale, ) Tj ET Q q 0 0 0 rg BT 365.60 610.10 Td (our ) Tj ET Q q 0 0 0 rg BT 380.24 610.10 Td (former ) Tj ET Q q 0 0 0 rg BT 408.75 610.10 Td (President ) Tj ET Q q 0 0 0 rg BT 447.27 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 463.01 610.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 486.53 610.10 Td (Executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.10 Td (Of) Tj ET Q q 0 0 0 rg BT 59.87 598.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 77.79 598.10 Td (, ) Tj ET Q q 0 0 0 rg BT 82.79 598.10 Td (is ) Tj ET Q q 0 0 0 rg BT 91.96 598.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 124.45 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 134.72 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.44 598.10 Td (following ) Tj ET Q q 0 0 0 rg BT 190.83 598.10 Td (payments: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 574.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 574.10 Td (T) Tj ET Q q 0 0 0 rg BT 126.91 574.10 Td (wo ) Tj ET Q q 0 0 0 rg BT 142.21 574.10 Td (times ) Tj ET Q q 0 0 0 rg BT 166.95 574.10 Td (his ) Tj ET Q q 0 0 0 rg BT 181.70 574.10 Td (previous ) Tj ET Q q 0 0 0 rg BT 219.22 574.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 248.95 574.10 Td (base ) Tj ET Q q 0 0 0 rg BT 269.79 574.10 Td (salary) Tj ET Q q 0 0 0 rg BT 293.02 574.10 Td (, ) Tj ET Q q 0 0 0 rg BT 298.60 574.10 Td (for ) Tj ET Q q 0 0 0 rg BT 313.34 574.10 Td (a ) Tj ET Q q 0 0 0 rg BT 320.85 574.10 Td (total ) Tj ET Q q 0 0 0 rg BT 341.71 574.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 374.78 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 386.19 574.10 Td ($2,102,000, ) Tj ET Q q 0 0 0 rg BT 436.76 574.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 470.93 574.10 Td (in ) Tj ET Q q 0 0 0 rg BT 481.79 574.10 Td (three ) Tj ET Q q 0 0 0 rg BT 504.85 574.10 Td (equal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 562.10 Td (installments ) Tj ET Q q 0 0 0 rg BT 172.09 562.10 Td (with ) Tj ET Q q 0 0 0 rg BT 192.13 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.61 562.10 Td (first ) Tj ET Q q 0 0 0 rg BT 224.99 562.10 Td (installment ) Tj ET Q q 0 0 0 rg BT 271.69 562.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 305.04 562.10 Td (60 ) Tj ET Q q 0 0 0 rg BT 317.31 562.10 Td (days ) Tj ET Q q 0 0 0 rg BT 337.90 562.10 Td (following ) Tj ET Q q 0 0 0 rg BT 379.05 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.53 562.10 Td (date ) Tj ET Q q 0 0 0 rg BT 412.45 562.10 Td (he ) Tj ET Q q 0 0 0 rg BT 424.15 562.10 Td (ceased ) Tj ET Q q 0 0 0 rg BT 453.06 562.10 Td (to ) Tj ET Q q 0 0 0 rg BT 463.10 562.10 Td (be ) Tj ET Q q 0 0 0 rg BT 474.80 562.10 Td (employed ) Tj ET Q q 0 0 0 rg BT 516.50 562.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 550.10 Td (CHS ) Tj ET Q q 0 0 0 rg BT 142.92 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 159.33 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.51 550.10 Td (second ) Tj ET Q q 0 0 0 rg BT 203.25 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 219.65 550.10 Td (third ) Tj ET Q q 0 0 0 rg BT 240.51 550.10 Td (installments ) Tj ET Q q 0 0 0 rg BT 290.81 550.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 323.87 550.10 Td (on ) Tj ET Q q 0 0 0 rg BT 335.84 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 350.02 550.10 Td (first ) Tj ET Q q 0 0 0 rg BT 368.10 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 384.50 550.10 Td (second ) Tj ET Q q 0 0 0 rg BT 414.24 550.10 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 462.85 550.10 Td (dates ) Tj ET Q q 0 0 0 rg BT 485.37 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 495.67 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 509.85 550.10 Td (date ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 538.10 Td (he ) Tj ET Q q 0 0 0 rg BT 135.91 538.10 Td (ceased ) Tj ET Q q 0 0 0 rg BT 167.53 538.10 Td (to ) Tj ET Q q 0 0 0 rg BT 180.29 538.10 Td (be ) Tj ET Q q 0 0 0 rg BT 194.70 538.10 Td (employed ) Tj ET Q q 0 0 0 rg BT 239.11 538.10 Td (by ) Tj ET Q q 0 0 0 rg BT 254.08 538.10 Td (CHS, ) Tj ET Q q 0 0 0 rg BT 281.01 538.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 328.67 538.10 Td (, ) Tj ET Q q 0 0 0 rg BT 336.15 538.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 376.67 538.10 Td (he ) Tj ET Q q 0 0 0 rg BT 391.08 538.10 Td (remains ) Tj ET Q q 0 0 0 rg BT 427.72 538.10 Td (in ) Tj ET Q q 0 0 0 rg BT 440.47 538.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 491.53 538.10 Td (with ) Tj ET Q q 0 0 0 rg BT 514.29 538.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 526.10 Td (confidentiality) Tj ET Q q 0 0 0 rg BT 179.17 526.10 Td (, ) Tj ET Q q 0 0 0 rg BT 183.09 526.10 Td (non-solicitation, ) Tj ET Q q 0 0 0 rg BT 249.77 526.10 Td (non-competition, ) Tj ET Q q 0 0 0 rg BT 319.79 526.10 Td (cooperation ) Tj ET Q q 0 0 0 rg BT 368.42 526.10 Td (and ) Tj ET Q q 0 0 0 rg BT 384.27 526.10 Td (non-disparagement ) Tj ET Q q 0 0 0 rg BT 462.33 526.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 503.74 526.10 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 514.10 Td (his ) Tj ET Q q 0 0 0 rg BT 135.67 514.10 Td (Separation ) Tj ET Q q 0 0 0 rg BT 180.38 514.10 Td (Agreement;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 490.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 490.10 Td (T) Tj ET Q q 0 0 0 rg BT 126.91 490.10 Td (wo ) Tj ET Q q 0 0 0 rg BT 140.91 490.10 Td (times ) Tj ET Q q 0 0 0 rg BT 164.35 490.10 Td (his ) Tj ET Q q 0 0 0 rg BT 177.80 490.10 Td (previous ) Tj ET Q q 0 0 0 rg BT 214.01 490.10 Td (tar) Tj ET Q q 0 0 0 rg BT 224.38 490.10 Td (get ) Tj ET Q q 0 0 0 rg BT 238.38 490.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 266.81 490.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 305.24 490.10 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 365.05 490.10 Td (for ) Tj ET Q q 0 0 0 rg BT 378.49 490.10 Td (a ) Tj ET Q q 0 0 0 rg BT 384.71 490.10 Td (total ) Tj ET Q q 0 0 0 rg BT 404.26 490.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 436.03 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 446.14 490.10 Td ($3,153,000, ) Tj ET Q q 0 0 0 rg BT 495.42 490.10 Td (payable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 478.10 Td (in ) Tj ET Q q 0 0 0 rg BT 132.13 478.10 Td (three ) Tj ET Q q 0 0 0 rg BT 154.97 478.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 179.48 478.10 Td (installments ) Tj ET Q q 0 0 0 rg BT 230.67 478.10 Td (with ) Tj ET Q q 0 0 0 rg BT 251.30 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 266.37 478.10 Td (first ) Tj ET Q q 0 0 0 rg BT 285.33 478.10 Td (installment ) Tj ET Q q 0 0 0 rg BT 332.62 478.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 366.57 478.10 Td (60 ) Tj ET Q q 0 0 0 rg BT 379.42 478.10 Td (days ) Tj ET Q q 0 0 0 rg BT 400.61 478.10 Td (following ) Tj ET Q q 0 0 0 rg BT 442.35 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 457.42 478.10 Td (date ) Tj ET Q q 0 0 0 rg BT 476.93 478.10 Td (he ) Tj ET Q q 0 0 0 rg BT 489.22 478.10 Td (ceased ) Tj ET Q q 0 0 0 rg BT 518.72 478.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 466.10 Td (be ) Tj ET Q q 0 0 0 rg BT 132.96 466.10 Td (employed ) Tj ET Q q 0 0 0 rg BT 174.41 466.10 Td (by ) Tj ET Q q 0 0 0 rg BT 186.43 466.10 Td (CHS ) Tj ET Q q 0 0 0 rg BT 207.91 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 224.37 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.60 466.10 Td (second ) Tj ET Q q 0 0 0 rg BT 268.39 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 284.85 466.10 Td (third ) Tj ET Q q 0 0 0 rg BT 305.76 466.10 Td (installments ) Tj ET Q q 0 0 0 rg BT 356.11 466.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 389.22 466.10 Td (on ) Tj ET Q q 0 0 0 rg BT 401.24 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.48 466.10 Td (first ) Tj ET Q q 0 0 0 rg BT 433.61 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 450.07 466.10 Td (second ) Tj ET Q q 0 0 0 rg BT 479.86 466.10 Td (anniversary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 454.10 Td (dates ) Tj ET Q q 0 0 0 rg BT 144.67 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.61 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.45 454.10 Td (date ) Tj ET Q q 0 0 0 rg BT 189.72 454.10 Td (he ) Tj ET Q q 0 0 0 rg BT 201.78 454.10 Td (ceased ) Tj ET Q q 0 0 0 rg BT 231.04 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 241.44 454.10 Td (be ) Tj ET Q q 0 0 0 rg BT 253.50 454.10 Td (employed ) Tj ET Q q 0 0 0 rg BT 295.55 454.10 Td (by ) Tj ET Q q 0 0 0 rg BT 308.17 454.10 Td (CHS, ) Tj ET Q q 0 0 0 rg BT 332.74 454.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 380.40 454.10 Td (, ) Tj ET Q q 0 0 0 rg BT 385.52 454.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 423.69 454.10 Td (he ) Tj ET Q q 0 0 0 rg BT 435.74 454.10 Td (remains ) Tj ET Q q 0 0 0 rg BT 470.02 454.10 Td (in ) Tj ET Q q 0 0 0 rg BT 480.42 454.10 Td (compliance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 442.10 Td (with ) Tj ET Q q 0 0 0 rg BT 145.38 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.69 442.10 Td (confidentiality) Tj ET Q q 0 0 0 rg BT 221.36 442.10 Td (, ) Tj ET Q q 0 0 0 rg BT 229.96 442.10 Td (non-solicitation, ) Tj ET Q q 0 0 0 rg BT 301.32 442.10 Td (non-competition, ) Tj ET Q q 0 0 0 rg BT 376.02 442.10 Td (cooperation ) Tj ET Q q 0 0 0 rg BT 429.32 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 449.86 442.10 Td (non-disparagement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 430.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 163.99 430.10 Td (under ) Tj ET Q q 0 0 0 rg BT 189.25 430.10 Td (his ) Tj ET Q q 0 0 0 rg BT 203.42 430.10 Td (Separation ) Tj ET Q q 0 0 0 rg BT 248.14 430.10 Td (Agreement;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 406.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 406.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 153.22 406.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 192.15 406.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 249.98 406.10 Td (that ) Tj ET Q q 0 0 0 rg BT 267.26 406.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 278.93 406.10 Td (. ) Tj ET Q q 0 0 0 rg BT 283.71 406.10 Td (Casale ) Tj ET Q q 0 0 0 rg BT 312.65 406.10 Td (would ) Tj ET Q q 0 0 0 rg BT 339.93 406.10 Td (have ) Tj ET Q q 0 0 0 rg BT 361.09 406.10 Td (received ) Tj ET Q q 0 0 0 rg BT 397.23 406.10 Td (if ) Tj ET Q q 0 0 0 rg BT 405.63 406.10 Td (he ) Tj ET Q q 0 0 0 rg BT 417.35 406.10 Td (had ) Tj ET Q q 0 0 0 rg BT 434.07 406.10 Td (worked ) Tj ET Q q 0 0 0 rg BT 466.34 406.10 Td (until ) Tj ET Q q 0 0 0 rg BT 486.96 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.46 406.10 Td (end ) Tj ET Q q 0 0 0 rg BT 518.18 406.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 394.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 145.61 394.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 168.06 394.10 Td (totaling ) Tj ET Q q 0 0 0 rg BT 201.06 394.10 Td ($342,079 ) Tj ET Q q 0 0 0 rg BT 241.02 394.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 288.45 394.10 Td (based ) Tj ET Q q 0 0 0 rg BT 313.67 394.10 Td (on ) Tj ET Q q 0 0 0 rg BT 326.12 394.10 Td (our ) Tj ET Q q 0 0 0 rg BT 341.91 394.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 368.23 394.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 421.21 394.10 Td (for ) Tj ET Q q 0 0 0 rg BT 435.32 394.10 Td (that ) Tj ET Q q 0 0 0 rg BT 452.77 394.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 476.88 394.10 Td (year ) Tj ET Q q 0 0 0 rg BT 496.54 394.10 Td (relative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 131.45 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.85 382.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 198.54 382.10 Td (goals ) Tj ET Q q 0 0 0 rg BT 221.83 382.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 266.22 382.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 309.48 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 319.44 382.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 331.11 382.10 Td (. ) Tj ET Q q 0 0 0 rg BT 335.78 382.10 Td (Casale ) Tj ET Q q 0 0 0 rg BT 364.61 382.10 Td (\(with ) Tj ET Q q 0 0 0 rg BT 387.90 382.10 Td (that ) Tj ET Q q 0 0 0 rg BT 405.07 382.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 436.13 382.10 Td (of ) Tj ET Q q 0 0 0 rg BT 446.63 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.03 382.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 489.86 382.10 Td (incentive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 370.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 179.51 370.10 Td (based ) Tj ET Q q 0 0 0 rg BT 204.74 370.10 Td (on ) Tj ET Q q 0 0 0 rg BT 217.20 370.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 264.65 370.10 Td (or ) Tj ET Q q 0 0 0 rg BT 275.45 370.10 Td (partial ) Tj ET Q q 0 0 0 rg BT 303.45 370.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 350.91 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 361.70 370.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 406.38 370.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 444.94 370.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 481.28 370.10 Td (goals ) Tj ET Q q 0 0 0 rg BT 504.85 370.10 Td (equal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 358.10 Td (to ) Tj ET Q q 0 0 0 rg BT 132.06 358.10 Td (30% ) Tj ET Q q 0 0 0 rg BT 153.17 358.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.28 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 179.28 358.10 Td (tar) Tj ET Q q 0 0 0 rg BT 189.64 358.10 Td (get ) Tj ET Q q 0 0 0 rg BT 204.64 358.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 234.08 358.10 Td (incentive\), ) Tj ET Q q 0 0 0 rg BT 279.34 358.10 Td (prorated ) Tj ET Q q 0 0 0 rg BT 315.44 358.10 Td (for ) Tj ET Q q 0 0 0 rg BT 329.88 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.87 358.10 Td (number ) Tj ET Q q 0 0 0 rg BT 378.20 358.10 Td (of ) Tj ET Q q 0 0 0 rg BT 389.31 358.10 Td (days ) Tj ET Q q 0 0 0 rg BT 410.42 358.10 Td (in ) Tj ET Q q 0 0 0 rg BT 420.98 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.98 358.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 460.42 358.10 Td (year ) Tj ET Q q 0 0 0 rg BT 480.40 358.10 Td (through ) Tj ET Q q 0 0 0 rg BT 514.29 358.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 346.10 Td (date ) Tj ET Q q 0 0 0 rg BT 140.66 346.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 152.33 346.10 Td (. ) Tj ET Q q 0 0 0 rg BT 157.34 346.10 Td (Casale ) Tj ET Q q 0 0 0 rg BT 186.50 346.10 Td (ceased ) Tj ET Q q 0 0 0 rg BT 215.65 346.10 Td (to ) Tj ET Q q 0 0 0 rg BT 225.94 346.10 Td (be ) Tj ET Q q 0 0 0 rg BT 237.88 346.10 Td (employed ) Tj ET Q q 0 0 0 rg BT 279.82 346.10 Td (by ) Tj ET Q q 0 0 0 rg BT 292.33 346.10 Td (CHS ) Tj ET Q q 0 0 0 rg BT 314.29 346.10 Td (and ) Tj ET Q q 0 0 0 rg BT 331.23 346.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 370.94 346.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 404.54 346.10 Td (in ) Tj ET Q q 0 0 0 rg BT 414.82 346.10 Td (a ) Tj ET Q q 0 0 0 rg BT 421.77 346.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 442.04 346.10 Td (lump ) Tj ET Q q 0 0 0 rg BT 465.11 346.10 Td (sum ) Tj ET Q q 0 0 0 rg BT 484.28 346.10 Td (at ) Tj ET Q q 0 0 0 rg BT 494.01 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 508.73 346.10 Td (time ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 334.10 Td (that ) Tj ET Q q 0 0 0 rg BT 139.00 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.71 334.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 197.30 334.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 236.45 334.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 267.27 334.10 Td (are ) Tj ET Q q 0 0 0 rg BT 281.98 334.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 315.57 334.10 Td (to ) Tj ET Q q 0 0 0 rg BT 325.85 334.10 Td (other ) Tj ET Q q 0 0 0 rg BT 348.90 334.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 368.61 334.10 Td (participants;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 310.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 310.10 Td (Payment ) Tj ET Q q 0 0 0 rg BT 159.39 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 170.62 310.10 Td ($2,409,079, ) Tj ET Q q 0 0 0 rg BT 221.01 310.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 255.00 310.10 Td (within ) Tj ET Q q 0 0 0 rg BT 283.45 310.10 Td (75 ) Tj ET Q q 0 0 0 rg BT 296.35 310.10 Td (days ) Tj ET Q q 0 0 0 rg BT 317.57 310.10 Td (after ) Tj ET Q q 0 0 0 rg BT 338.79 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 353.90 310.10 Td (six-month ) Tj ET Q q 0 0 0 rg BT 397.35 310.10 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 446.89 310.10 Td (date ) Tj ET Q q 0 0 0 rg BT 466.44 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.67 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.78 310.10 Td (date ) Tj ET Q q 0 0 0 rg BT 512.33 310.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 524.00 310.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 298.10 Td (Casale ) Tj ET Q q 0 0 0 rg BT 151.41 298.10 Td (ceased ) Tj ET Q q 0 0 0 rg BT 181.32 298.10 Td (to ) Tj ET Q q 0 0 0 rg BT 192.36 298.10 Td (be ) Tj ET Q q 0 0 0 rg BT 205.05 298.10 Td (employed ) Tj ET Q q 0 0 0 rg BT 247.75 298.10 Td (by ) Tj ET Q q 0 0 0 rg BT 261.01 298.10 Td (CHS ) Tj ET Q q 0 0 0 rg BT 283.72 298.10 Td (in ) Tj ET Q q 0 0 0 rg BT 294.76 298.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 343.56 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 355.15 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.62 298.10 Td (forfeiture ) Tj ET Q q 0 0 0 rg BT 411.64 298.10 Td (by ) Tj ET Q q 0 0 0 rg BT 424.90 298.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 436.57 298.10 Td (. ) Tj ET Q q 0 0 0 rg BT 442.33 298.10 Td (Casale ) Tj ET Q q 0 0 0 rg BT 472.24 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 483.83 298.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 513.73 298.10 Td (but ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 286.10 Td (unvested ) Tj ET Q q 0 0 0 rg BT 161.86 286.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 200.56 286.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 216.48 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 233.51 286.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 277.19 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 290.33 286.10 Td ($3,159,849, ) Tj ET Q q 0 0 0 rg BT 342.65 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 355.79 286.10 Td (which ) Tj ET Q q 0 0 0 rg BT 385.04 286.10 Td ($2,409,079 ) Tj ET Q q 0 0 0 rg BT 434.85 286.10 Td (would ) Tj ET Q q 0 0 0 rg BT 464.67 286.10 Td (have ) Tj ET Q q 0 0 0 rg BT 488.36 286.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 518.72 286.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 274.10 Td (January2018 ) Tj ET Q q 0 0 0 rg BT 178.16 274.10 Td (and ) Tj ET Q q 0 0 0 rg BT 195.66 274.10 Td ($750,770 ) Tj ET Q q 0 0 0 rg BT 236.23 274.10 Td (would ) Tj ET Q q 0 0 0 rg BT 264.29 274.10 Td (have ) Tj ET Q q 0 0 0 rg BT 286.23 274.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 314.84 274.10 Td (in ) Tj ET Q q 0 0 0 rg BT 325.68 274.10 Td (January2019 ) Tj ET Q q 0 0 0 rg BT 382.34 274.10 Td (had ) Tj ET Q q 0 0 0 rg BT 399.84 274.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 452.90 274.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 495.39 274.10 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 262.10 Td (those ) Tj ET Q q 0 0 0 rg BT 145.11 262.10 Td (times\) ) Tj ET Q q 0 0 0 rg BT 172.60 262.10 Td (under ) Tj ET Q q 0 0 0 rg BT 197.87 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 212.59 262.10 Td (L) Tj ET Q q 0 0 0 rg BT 217.78 262.10 Td (TIP;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 238.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 238.10 Td (Accrued ) Tj ET Q q 0 0 0 rg BT 157.87 238.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.81 238.10 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 204.52 238.10 Td (base ) Tj ET Q q 0 0 0 rg BT 224.79 238.10 Td (salary;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 214.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 214.10 Td (Accrued ) Tj ET Q q 0 0 0 rg BT 157.60 214.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.26 214.10 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 203.71 214.10 Td (vacation ) Tj ET Q q 0 0 0 rg BT 239.81 214.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 256.48 214.10 Td (in ) Tj ET Q q 0 0 0 rg BT 266.49 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.93 214.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 313.16 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 323.71 214.10 Td ($124,962 ) Tj ET Q q 0 0 0 rg BT 363.44 214.10 Td (was ) Tj ET Q q 0 0 0 rg BT 381.22 214.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 400.67 214.10 Td (to ) Tj ET Q q 0 0 0 rg BT 410.68 214.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 422.35 214.10 Td (. ) Tj ET Q q 0 0 0 rg BT 427.08 214.10 Td (Casale ) Tj ET Q q 0 0 0 rg BT 455.96 214.10 Td (as ) Tj ET Q q 0 0 0 rg BT 466.52 214.10 Td (part ) Tj ET Q q 0 0 0 rg BT 484.30 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 494.85 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 509.30 214.10 Td (next ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 202.10 Td (payroll ) Tj ET Q q 0 0 0 rg BT 152.33 202.10 Td (following ) Tj ET Q q 0 0 0 rg BT 193.71 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.43 202.10 Td (date ) Tj ET Q q 0 0 0 rg BT 227.58 202.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 239.25 202.10 Td (. ) Tj ET Q q 0 0 0 rg BT 244.25 202.10 Td (Casale ) Tj ET Q q 0 0 0 rg BT 273.41 202.10 Td (ceased ) Tj ET Q q 0 0 0 rg BT 302.55 202.10 Td (to ) Tj ET Q q 0 0 0 rg BT 312.83 202.10 Td (be ) Tj ET Q q 0 0 0 rg BT 324.77 202.10 Td (employed ) Tj ET Q q 0 0 0 rg BT 366.71 202.10 Td (by ) Tj ET Q q 0 0 0 rg BT 379.21 202.10 Td (CHS;) Tj ET Q BT /F1 3.00 Tf ET q 0 0 0 rg BT 401.44 202.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 178.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 178.10 Td (Legal ) Tj ET Q q 0 0 0 rg BT 146.99 178.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 161.92 178.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 205.17 178.10 Td (in ) Tj ET Q q 0 0 0 rg BT 215.68 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.62 178.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 263.33 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 274.39 178.10 Td ($10,000 ) Tj ET Q q 0 0 0 rg BT 309.61 178.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 329.55 178.10 Td (to ) Tj ET Q q 0 0 0 rg BT 340.05 178.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 351.72 178.10 Td (. ) Tj ET Q q 0 0 0 rg BT 356.95 178.10 Td (Casale ) Tj ET Q q 0 0 0 rg BT 386.33 178.10 Td (to ) Tj ET Q q 0 0 0 rg BT 396.83 178.10 Td (cover ) Tj ET Q q 0 0 0 rg BT 421.76 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.70 178.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 455.53 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 466.59 178.10 Td (negotiating ) Tj ET Q q 0 0 0 rg BT 514.30 178.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 166.10 Td (Separation ) Tj ET Q q 0 0 0 rg BT 166.21 166.10 Td (Agreement; ) Tj ET Q q 0 0 0 rg BT 215.91 166.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 142.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 142.10 Td (W) Tj ET Q q 0 0 0 rg BT 130.14 142.10 Td (elfare ) Tj ET Q q 0 0 0 rg BT 155.97 142.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 186.82 142.10 Td (continuation ) Tj ET Q q 0 0 0 rg BT 239.89 142.10 Td (for ) Tj ET Q q 0 0 0 rg BT 254.63 142.10 Td (two ) Tj ET Q q 0 0 0 rg BT 272.71 142.10 Td (years ) Tj ET Q q 0 0 0 rg BT 296.89 142.10 Td (following ) Tj ET Q q 0 0 0 rg BT 338.86 142.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.16 142.10 Td (date ) Tj ET Q q 0 0 0 rg BT 373.89 142.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 385.56 142.10 Td (. ) Tj ET Q q 0 0 0 rg BT 391.14 142.10 Td (Casale ) Tj ET Q q 0 0 0 rg BT 420.88 142.10 Td (ceased ) Tj ET Q q 0 0 0 rg BT 450.61 142.10 Td (to ) Tj ET Q q 0 0 0 rg BT 461.47 142.10 Td (be ) Tj ET Q q 0 0 0 rg BT 473.99 142.10 Td (employed ) Tj ET Q q 0 0 0 rg BT 516.50 142.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 130.10 Td (CHS.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 106.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 97.17 106.10 Td (. Skidmore) Tj ET Q q 0 0 0 rg BT 143.83 106.10 Td (s employment term sheet with us provides for severance in the event his employment is terminated by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.10 Td (us without cause, or by him with good reason, in the amount of one year of base pay and prorated annual variable pay) Tj ET Q q 0 0 0 rg BT 528.70 94.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.10 Td (payable in a lump sum.) Tj ET Q endstream endobj 151 0 obj <>] /Rotate 0 /Contents 152 0 R>> endobj 152 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (72) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 742.10 Td (Ms. Cunningham) Tj ET Q q 0 0 0 rg BT 157.73 742.10 Td (s employment term sheet with us provides for severance in the event her employment is terminated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (by us without cause, or by her with good reason, in the amount of one year of base pay and prorated annual variable pay) Tj ET Q q 0 0 0 rg BT 538.41 730.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (payable as a lump sum.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 692.90 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.25 692.90 Td (Mr) Tj ET Q q 0 0 0 rg BT 96.92 692.90 Td (. Zappa) Tj ET Q q 0 0 0 rg BT 129.68 692.90 Td (s employment term sheet with us provides for severance in the event his employment is terminated by us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 680.90 Td (without cause, or by him with good reason, in the amount of one year of base pay and prorated annual variable pay) Tj ET Q q 0 0 0 rg BT 517.31 680.90 Td (, payable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 668.90 Td (as a lump sum.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 644.90 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 644.90 Td (Mr) Tj ET Q q 0 0 0 rg BT 97.17 644.90 Td (. Hunhof) Tj ET Q q 0 0 0 rg BT 132.54 644.90 Td (f is covered by a broad-based employee severance program which provides a lump sum payment of two ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 632.90 Td (weeks of pay per year of service with a 12-month cap.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 608.90 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 608.90 Td (The Named Executive Of) Tj ET Q q 0 0 0 rg BT 187.78 608.90 Td (ficers) Tj ET Q q 0 0 0 rg BT 212.57 608.90 Td ( severance pay would have been as follows had they been terminated by us without ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 596.90 Td (cause or terminated their employment for good reason as of the last business day of fiscal 2017:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 574.40 447.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 574.40 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 544.40 447.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 544.40 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 514.40 447.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 514.40 65.00 -15.00 re f /GS0 gs BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 564.07 Td (Jay Debertin ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 105.82 568.60 Td (\(1\)\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.00 563.97 Td (.....................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 564.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 564.07 Td (7,524,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 549.07 Td (T) Tj ET Q q 0 0 0 rg BT 58.26 549.07 Td (imothy Skidmore ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 130.48 553.60 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.50 548.97 Td (..............................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 549.07 Td (1,008,100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 534.07 Td (Shirley Cunningham ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 138.05 538.60 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.00 533.97 Td (...........................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 534.07 Td (1,050,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 519.07 Td (James Zappa ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 106.92 523.60 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.00 518.97 Td (.......................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 519.07 Td (800,360) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 504.07 Td (Darin Hunhoff) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.50 503.97 Td (........................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 504.07 Td (500,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 489.07 Td (Carl Casale ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 101.37 493.60 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.00 488.97 Td (.........................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 489.07 Td (5,780,539) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 475.30 Td (_______________________________________) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 67.50 458.23 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 453.70 Td (Includes the value of health and welfare insurance based on current monthly rates.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 67.50 434.23 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 429.70 Td (For purposes of calculating the prorated portion of Mr) Tj ET Q q 0 0 0 rg BT 301.56 429.70 Td (. Debertin's unpaid annual variable pay award for the fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 417.70 Td (in which the termination occurred, assumes an annual variable pay award at tar) Tj ET Q q 0 0 0 rg BT 401.58 417.70 Td (get performance for the entire fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 405.70 Td (year) Tj ET Q q 0 0 0 rg BT 102.16 405.70 Td (.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 67.50 386.23 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 381.70 Td (Assumes an annual variable pay award at tar) Tj ET Q q 0 0 0 rg BT 263.86 381.70 Td (get performance for the entire fiscal year) Tj ET Q q 0 0 0 rg BT 426.55 381.70 Td (.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 67.50 362.23 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 357.70 Td (Details of these payments are set forth in the above details of Mr) Tj ET Q q 0 0 0 rg BT 343.76 357.70 Td (. Casale's Separation ) Tj ET Q q 0 0 0 rg BT 428.32 357.70 Td (Agreement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 333.70 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 333.70 Td (There are no other severance benefits of) Tj ET Q q 0 0 0 rg BT 245.79 333.70 Td (fered to our Named Executive Of) Tj ET Q q 0 0 0 rg BT 379.16 333.70 Td (ficers, except for up to $5,000 of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 321.70 Td (outplacement assistance, which would be included as imputed income, and government mandated benefits such as COBRA. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 309.70 Td (Except as otherwise set forth above, the method of payment would be a lump sum. Named Executive Of) Tj ET Q q 0 0 0 rg BT 466.70 309.70 Td (ficers not covered by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 297.70 Td (employment agreements are not of) Tj ET Q q 0 0 0 rg BT 188.16 297.70 Td (fered any special postretirement health and welfare benefits that are not of) Tj ET Q q 0 0 0 rg BT 484.79 297.70 Td (fered to other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 285.70 Td (similarly situated \(i.e. age and service\) salaried employees.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 273.70 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 261.70 Td (Dir) Tj ET Q q 0 0 0 rg BT 63.76 261.70 Td (ector) Tj ET Q q 0 0 0 rg BT 85.22 261.70 Td ( Compensation) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 237.70 Td (Overview) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 213.70 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 213.70 Td (Our Board of Directors met 12 times during the year ended ) Tj ET Q q 0 0 0 rg BT 324.04 213.70 Td (August31, 2017. ) Tj ET Q q 0 0 0 rg BT 395.26 213.70 Td (Through ) Tj ET Q q 0 0 0 rg BT 431.64 213.70 Td (August31, 2017, each director ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 201.70 Td (was provided annual compensation of $69,000, paid in 12monthly payments, plus actual expenses and travel allowance, with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 189.70 Td (the Chairman of the Board receiving additional annual compensation of $18,000, the First ) Tj ET Q q 0 0 0 rg BT 411.73 189.70 Td (V) Tj ET Q q 0 0 0 rg BT 418.35 189.70 Td (ice Chairman, and the Secretary-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 177.70 Td (T) Tj ET Q q 0 0 0 rg BT 55.26 177.70 Td (reasurer receiving additional annual compensation of $3,600 and all Board committee chairs receiving additional annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 165.70 Td (compensation of $6,000. Each director receives a per diem of $500 plus actual expenses and travel allowance for each day ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 153.70 Td (spent at meetings other than regular Board meetings and the CHS ) Tj ET Q q 0 0 0 rg BT 313.61 153.70 Td (Annual Meeting. ) Tj ET Q q 0 0 0 rg BT 383.69 153.70 Td (The number of days per diem may not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 141.70 Td (exceed 55days annually) Tj ET Q q 0 0 0 rg BT 146.87 141.70 Td (, except that the Chairman of the Board is exempt from this limit. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 117.70 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 117.70 Td (Further) Tj ET Q q 0 0 0 rg BT 114.54 117.70 Td (, in an ef) Tj ET Q q 0 0 0 rg BT 149.34 117.70 Td (fort to align the interests of our Board of Directors and management, directors are eligible to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 105.70 Td (participate in the Deferred Compensation Plan. Other than direct contributions, contributions to the Deferred Compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 93.70 Td (Plan are made based on the Company's ROAE performance to align the interests of directors, management and member) Tj ET Q q 0 0 0 rg BT 528.17 93.70 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 81.70 Td (owners. ) Tj ET Q q 0 0 0 rg BT 83.20 81.70 Td (The ROAE performance tar) Tj ET Q q 0 0 0 rg BT 194.36 81.70 Td (gets are the same as described in the L) Tj ET Q q 0 0 0 rg BT 347.27 81.70 Td (TIP) Tj ET Q q 0 0 0 rg BT 361.16 81.70 Td (, historically resulting in Deferred Compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 69.70 Td (Plan credits that escalate consistent with increasing ROAE performance levels, as detailed on the following pages.) Tj ET Q endstream endobj 153 0 obj <>] /Rotate 0 /Contents 154 0 R>> endobj 154 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (73) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 742.25 Td (Director Retirement and Healthcare Benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 718.25 Td (Members of our Board of Directors are eligible for certain retirement and healthcare benefits. ) Tj ET Q q 0 0 0 rg BT 461.54 718.25 Td (The director retirement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.25 Td (plan is a defined benefit plan and provides for a monthly benefit for the director) Tj ET Q q 0 0 0 rg BT 369.21 706.25 Td () Tj ET Q q 0 0 0 rg BT 371.99 706.25 Td (s lifetime, beginning at age60. Benefits are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.25 Td (immediately vested and the monthly benefit is determined according to the following formula: $250 times years of service on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.25 Td (the Board \(up to a maximum of 15years\). Under no event will the benefit payment be payable for less than 120months. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.25 Td (Payment shall be made to the retired director) Tj ET Q q 0 0 0 rg BT 229.53 670.25 Td () Tj ET Q q 0 0 0 rg BT 232.31 670.25 Td (s beneficiary in the event of the director) Tj ET Q q 0 0 0 rg BT 392.33 670.25 Td () Tj ET Q q 0 0 0 rg BT 395.11 670.25 Td (s death before 120 payments are made. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.25 Td (Prior to 2005, directors could elect to receive their benefit as an actuarial equivalent lump sum. In order to comply with IRS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.25 Td (requirements, directors were required in 2005 to make a one-time irrevocable election whether to receive their accrued benefit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.25 Td (in a lump sum or a monthly annuity upon retirement. If the lump sum was elected, the director would commence benefits upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.25 Td (expiration of Board term.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 598.25 Td (Ef) Tj ET Q q 0 0 0 rg BT 94.76 598.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 123.91 598.25 Td (August31, 201) Tj ET Q q 0 0 0 rg BT 184.93 598.25 Td (1, future accruals under the director retirement plan were frozen. Directors elected after that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.25 Td (date are not eligible for benefits under this plan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 562.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 562.25 Td (Retirement benefits are funded by a rabbi trust, with a balance at ) Tj ET Q q 0 0 0 rg BT 346.24 562.25 Td (August 31, 2017, of $8.7 million. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 538.25 Td (Directors serving as of September1, 2005, and their eligible dependents, are eligible to participate in our medical, life, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.25 Td (dental, vision and hearing plans. ) Tj ET Q q 0 0 0 rg BT 181.23 526.25 Td (W) Tj ET Q q 0 0 0 rg BT 189.87 526.25 Td (e will pay 100% of the medical premium for the director and their eligible dependents while ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.25 Td (active on the Board. ) Tj ET Q q 0 0 0 rg BT 132.35 514.25 Td (T) Tj ET Q q 0 0 0 rg BT 137.76 514.25 Td (erm life insurance cost is paid by the director) Tj ET Q q 0 0 0 rg BT 317.70 514.25 Td (. Retired directors and their dependents are eligible to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.25 Td (continue medical and dental insurance with the premiums paid by us after they leave the Board, until they are eligible for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.25 Td (Medicare. In the event a director) Tj ET Q q 0 0 0 rg BT 180.36 490.25 Td () Tj ET Q q 0 0 0 rg BT 183.14 490.25 Td (s coverage ends due to death or Medicare eligibility) Tj ET Q q 0 0 0 rg BT 389.64 490.25 Td (, we will pay 100% of the premium for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.25 Td (eligible spouse and eligible dependents until the spouse reaches Medicare age or upon death, if earlier) Tj ET Q q 0 0 0 rg BT 456.58 478.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 454.25 Td (New directors elected on or after December1, 2006, and their eligible dependents, are eligible to participate in our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.25 Td (medical, dental, vision and hearing plans. ) Tj ET Q q 0 0 0 rg BT 217.88 442.25 Td (W) Tj ET Q q 0 0 0 rg BT 226.52 442.25 Td (e will pay 100% of the premium for the director and eligible dependents while ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.25 Td (active on the Board. In the event a director leaves the Board prior to Medicare eligibility) Tj ET Q q 0 0 0 rg BT 402.61 430.25 Td (, premiums will be shared based on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.25 Td (following schedule:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 394.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 394.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 394.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 394.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 364.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 364.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 364.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 364.75 65.00 -15.00 re f /GS0 gs BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 52.5 397.730078125 m 107.14453125 397.730078125 l s q 0 0 0 rg BT 52.50 398.98 Td (Years of Service) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 445.7 397.730078125 m 474.350390625 397.730078125 l s q 0 0 0 rg BT 445.70 398.98 Td (Director) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 520.75 397.730078125 m 537.19921875 397.730078125 l s q 0 0 0 rg BT 520.75 398.98 Td (CHS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 384.42 Td (Up to 3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.50 384.32 Td (........................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.30 384.42 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 384.42 Td (0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 369.42 Td (3 to 6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 369.32 Td (...........................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.80 369.42 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.80 369.42 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 354.42 Td (6+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 354.32 Td (................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.30 354.42 Td (0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.30 354.42 Td (100%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 326.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 326.25 Td (In the event a director) Tj ET Q q 0 0 0 rg BT 173.61 326.25 Td () Tj ET Q q 0 0 0 rg BT 176.38 326.25 Td (s coverage ends due to death or Medicare eligibility) Tj ET Q q 0 0 0 rg BT 382.88 326.25 Td (, premiums for the eligible spouse and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 314.25 Td (eligible dependents will be shared based on the same schedule until the spouse reaches Medicare age or upon death, if earlier) Tj ET Q q 0 0 0 rg BT 549.04 314.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 290.25 Td (Deferr) Tj ET Q q 0 0 0 rg BT 77.63 290.25 Td (ed Compensation Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 266.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 266.25 Td (Directors are eligible to participate in the Deferred Compensation Plan. Each participating director may elect to defer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 254.25 Td (up to 100% of his or her monthly director fees into the Deferred Compensation Plan. ) Tj ET Q q 0 0 0 rg BT 390.91 254.25 Td (This must be done prior to the beginning ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 242.25 Td (of the calendar year in which the fees will be earned, or in the case of newly-elected directors, upon election to the Board. ) Tj ET Q q 0 0 0 rg BT 539.12 242.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 230.25 Td (deferral election must occur prior to the beginning of the calendar year in which the compensation will be earned. During fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 218.25 Td (2017, the following directors deferred Board fees pursuant to the Deferred Compensation Plan: Mr) Tj ET Q q 0 0 0 rg BT 444.39 218.25 Td (. Erickson, Mr) Tj ET Q q 0 0 0 rg BT 501.61 218.25 Td (. Johnsrud, Mr) Tj ET Q q 0 0 0 rg BT 559.39 218.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 206.25 Td (Knecht, Mr) Tj ET Q q 0 0 0 rg BT 95.05 206.25 Td (. Malesich and Mr) Tj ET Q q 0 0 0 rg BT 167.81 206.25 Td (. Riegel.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 182.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 182.25 Td (Benefits are funded in a Rabbi ) Tj ET Q q 0 0 0 rg BT 209.72 182.25 Td (T) Tj ET Q q 0 0 0 rg BT 215.48 182.25 Td (rust. ) Tj ET Q q 0 0 0 rg BT 235.30 182.25 Td (The amount of Deferred Compensation Plan Rabbi ) Tj ET Q q 0 0 0 rg BT 441.46 182.25 Td (T) Tj ET Q q 0 0 0 rg BT 447.21 182.25 Td (rust reported elsewhere in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 170.25 Td (this ) Tj ET Q q 0 0 0 rg BT 65.90 170.25 Td (Annual Report on Form 10-K includes amounts deferred by the directors.) Tj ET Q endstream endobj 155 0 obj <>] /Rotate 0 /Contents 156 0 R>> endobj 156 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 742.10 Td (Each year we will credit an amount to each director) Tj ET Q q 0 0 0 rg BT 292.17 742.10 Td () Tj ET Q q 0 0 0 rg BT 294.94 742.10 Td (s retirement plan account under the Deferred Compensation Plan. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (For all years through fiscal 2019, the amount that could be credited was based on our cumulative ROAE performance over a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (three-year period as follows:) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 52.5 685.580078125 m 112.57421875 685.580078125 l s q 0 0 0 rg BT 52.50 686.83 Td (Amount Credited) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 308.5 685.580078125 m 378.03125 685.580078125 l s q 0 0 0 rg BT 308.50 686.83 Td (ROAE Performance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 673.17 Td ($100,000 \(Superior Performance\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.50 673.17 Td (20% Return on Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 658.17 Td ($50,000 \(Maximum\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.50 658.17 Td (14% Return on Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 643.17 Td ($25,000 \(Target\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.50 643.17 Td (10% Return on Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 628.17 Td ($12,500 \(Minimum\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.50 628.17 Td (8% Return on Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 613.17 Td ($0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.50 613.17 Td (Below 8% Return on Assets) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 584.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 584.10 Td (The fiscal 2017 credit to each director) Tj ET Q q 0 0 0 rg BT 238.02 584.10 Td () Tj ET Q q 0 0 0 rg BT 240.80 584.10 Td (s retirement plan account was determined based on the ROAE performance for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 572.10 Td (fiscal years 2015, 2016 and 2017. Based on the determined actual ROAE performance during those years, no Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 560.10 Td (contribution was made to any director) Tj ET Q q 0 0 0 rg BT 201.77 560.10 Td () Tj ET Q q 0 0 0 rg BT 204.55 560.10 Td (s retirement plan account. Beginning in fiscal 2020, for the 2018-2020 three-year cycle, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 548.10 Td (we will credit an amount to each director) Tj ET Q q 0 0 0 rg BT 213.97 548.10 Td () Tj ET Q q 0 0 0 rg BT 216.75 548.10 Td (s retirement plan account under the Deferred Compensation Plan based on an ROIC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 536.10 Td (performance metric \(as described under the heading Long-T) Tj ET Q q 0 0 0 rg BT 293.97 536.10 Td (erm Incentive Plan above\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 512.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 512.10 Td (Upon leaving our Board of Directors during the fiscal year) Tj ET Q q 0 0 0 rg BT 319.75 512.10 Td (, a director) Tj ET Q q 0 0 0 rg BT 363.15 512.10 Td () Tj ET Q q 0 0 0 rg BT 365.93 512.10 Td (s credit for that partial fiscal year will be the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 500.10 Td (tar) Tj ET Q q 0 0 0 rg BT 59.87 500.10 Td (get amount \($25,000\) prorated through the end of the month in which the director departs. Directors who join our Board of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 488.10 Td (Directors during the fiscal year will receive credit for that partial fiscal year based on the actual ROAE or ROIC, as applicable, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 476.10 Td (for that fiscal year) Tj ET Q q 0 0 0 rg BT 122.12 476.10 Td (, prorated from the first of the month following the month in which the director joins our Board of Directors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 464.10 Td (to the end of the fiscal year) Tj ET Q q 0 0 0 rg BT 157.79 464.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 244.80 434.10 Td (2017 Dir) Tj ET Q q 0 0 0 rg BT 281.56 434.10 Td (ector) Tj ET Q q 0 0 0 rg BT 303.02 434.10 Td ( Compensation) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 356.60 241.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.00 356.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 356.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 356.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 356.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 356.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 356.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 356.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 326.60 241.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.00 326.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 326.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 326.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 326.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 326.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 326.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 326.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 296.60 241.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.00 296.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 296.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 296.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 296.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 296.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 296.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 296.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 266.60 241.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.00 266.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 266.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 266.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 266.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 266.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 266.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 266.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 236.60 241.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.00 236.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 236.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 236.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 236.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 236.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 236.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 236.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 206.60 241.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.00 206.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 206.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 206.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 206.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 206.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 206.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 206.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 176.60 241.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.00 176.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 176.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 176.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 176.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 176.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 176.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 176.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 146.60 241.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.00 146.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 146.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 146.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 146.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 146.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 146.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 146.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 116.60 241.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.00 116.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 116.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 116.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 116.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 116.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 116.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 116.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 356.6 m 356 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 356.6 m 425 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 356.6 m 494 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 356.6 m 563 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 356.6 m 356 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 356.6 m 425 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 356.6 m 494 356.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 356.6 m 563 356.6 l s BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 52.5 359.580078125 m 72.4921875 359.580078125 l s q 0 0 0 rg BT 52.50 360.83 Td (Name) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 297.05 376.83 Td (Fees Earned or) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.20 368.83 Td (Paid in Cash) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 315.30 360.83 Td (\($\) 1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 374.55 415.68 Td (Change in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.10 407.68 Td (Pension ) Tj ET Q q 0 0 0 rg BT 396.63 407.68 Td (V) Tj ET Q q 0 0 0 rg BT 401.67 407.68 Td (alue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 385.55 399.68 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.75 391.68 Td (Nonqualified) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.75 383.68 Td (Deferr) Tj ET Q q 0 0 0 rg BT 399.25 383.68 Td (ed ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.30 375.68 Td (Compensation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.40 367.68 Td (Earnings) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.30 359.68 Td (\($\) 2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.70 376.83 Td (All Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.30 368.83 Td (Compensation ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.30 360.83 Td (\($\) 3,4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.25 368.83 Td (T) Tj ET Q q 0 0 0 rg BT 525.85 368.83 Td (otal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.30 360.83 Td (\($\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 346.27 Td (Donald Anthony) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.00 346.17 Td (...................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.50 346.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 346.27 Td (84,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 346.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 346.27 Td (2,844) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 346.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 346.27 Td (13,942) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 346.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 346.27 Td (101,036) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 331.27 Td (Robert Bass) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.50 331.17 Td (..........................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 331.27 Td (26,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 331.27 Td (2,255) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 331.27 Td (26,541) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 331.27 Td (54,796) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 316.27 Td (David Bielenberg) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.00 316.17 Td (.................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 316.27 Td (81,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 316.27 Td (506) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 316.27 Td (34,896) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 316.27 Td (116,402) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 301.27 Td (Clinton Blew) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.50 301.17 Td (........................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 301.27 Td (91,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 301.27 Td (1,588) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 301.27 Td (25,039) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 301.27 Td (118,027) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 286.27 Td (Dennis Carlson ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 116.94 290.80 Td (\(5\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.00 286.17 Td (.................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 286.27 Td (86,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.65 286.27 Td (10,004) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 286.27 Td (18,550) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 286.27 Td (115,054) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 271.27 Td (Curt Eischens) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.00 271.17 Td (.......................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 271.27 Td (90,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 271.27 Td (2,844) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 271.27 Td (14,340) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 271.27 Td (107,934) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 256.27 Td (Jon Erickson) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 256.17 Td (.........................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 256.27 Td (81,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 256.27 Td (1,579) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 256.27 Td (18,431) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 256.27 Td (101,010) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 241.27 Td (Mark Farrell) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 241.17 Td (.........................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 241.27 Td (66,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 241.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 241.27 Td (1,135) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 241.27 Td (67,885) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 226.27 Td (Steven Fritel) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 226.17 Td (.........................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 226.27 Td (89,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 226.27 Td (118) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 226.27 Td (14,704) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 226.27 Td (104,022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 211.27 Td (Alan Holm) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.50 211.17 Td (............................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 211.27 Td (92,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 211.27 Td (356) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 211.27 Td (9,816) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 211.27 Td (102,172) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 196.27 Td (David Johnsrud) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 196.17 Td (....................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 196.27 Td (77,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 196.27 Td (659) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 196.27 Td (14,630) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 196.27 Td (92,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 181.27 Td (David Kayser) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.00 181.17 Td (.......................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 181.27 Td (91,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 181.27 Td (2,844) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 181.27 Td (25,198) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 181.27 Td (119,542) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 166.27 Td (Randy Knecht) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.00 166.17 Td (.......................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 166.27 Td (69,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 166.27 Td (2,330) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 166.27 Td (15,792) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 166.27 Td (87,372) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 151.27 Td (Greg Kruger) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 151.17 Td (.........................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 151.27 Td (81,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 151.27 Td (2,844) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 151.27 Td (14,652) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 151.27 Td (98,996) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 136.27 Td (Edward Malesich) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.00 136.17 Td (.................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 136.27 Td (54,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 136.27 Td (1,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 136.27 Td (14,204) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 136.27 Td (70,101) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 121.27 Td (Perry Meyer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 121.17 Td (.........................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 121.27 Td (97,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 121.27 Td (536) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 121.27 Td (14,116) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 121.27 Td (111,902) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 106.27 Td (Steve Riegel) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 106.17 Td (.........................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 106.27 Td (86,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 106.27 Td (1,109) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 106.27 Td (14,474) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 106.27 Td (101,583) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 91.27 Td (Daniel Schurr) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.00 91.17 Td (.......................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.65 91.27 Td (102,950) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 91.27 Td (1,459) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 91.27 Td (21,239) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 91.27 Td (125,648) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 77.50 Td (_______________________________________) Tj ET Q endstream endobj 157 0 obj <>] /Rotate 0 /Contents 158 0 R>> endobj 158 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (75) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 67.50 746.63 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 742.10 Td (Of this amount, the following directors deferred the succeeding amounts to the Deferred Compensation Plan: Mr) Tj ET Q q 0 0 0 rg BT 535.94 742.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 730.10 Td (Erickson, $6,000; Mr) Tj ET Q q 0 0 0 rg BT 170.50 730.10 Td (. Johnsrud, $22,000; Mr) Tj ET Q q 0 0 0 rg BT 266.06 730.10 Td (. Knecht, $15,000; Mr) Tj ET Q q 0 0 0 rg BT 354.38 730.10 Td (. Malesich $25,000; and Mr) Tj ET Q q 0 0 0 rg BT 464.92 730.10 Td (. Riegel, $2,000.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 67.50 716.63 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 712.10 Td (This column represents both changes in pension value and above-market earnings on deferred compensation. Change ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 700.10 Td (in pension value is the aggregate change in the actuarial present value of the director) Tj ET Q q 0 0 0 rg BT 424.06 700.10 Td () Tj ET Q q 0 0 0 rg BT 426.84 700.10 Td (s benefit under his retirement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 688.10 Td (program, and nonqualified earnings, if applicable. ) Tj ET Q q 0 0 0 rg BT 287.75 688.10 Td (The change in pension value will vary by director based on several ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 676.10 Td (factors including age, service, pension benefit elected \(lump sum or annuity- see above\), discount rate and mortality ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 664.10 Td (factor used to calculate the benefit due. Future accruals under the plan were frozen as of ) Tj ET Q q 0 0 0 rg BT 439.51 664.10 Td (August 31, 201) Tj ET Q q 0 0 0 rg BT 500.53 664.10 Td (1, as stated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 652.10 Td (above.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 634.10 Td (Above-market earnings represent earnings exceeding 120% of the Federal Reserve long-term rate as determined by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 622.10 Td (IRS on applicable funds. ) Tj ET Q q 0 0 0 rg BT 186.69 622.10 Td (The following directors had above market earnings during fiscal 2017: Mr) Tj ET Q q 0 0 0 rg BT 483.28 622.10 Td (. ) Tj ET Q q 0 0 0 rg BT 487.73 622.10 Td (Anthony) Tj ET Q q 0 0 0 rg BT 522.08 622.10 Td (, $2,844; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 610.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 97.17 610.10 Td (. Bass, $2,255; Mr) Tj ET Q q 0 0 0 rg BT 170.51 610.10 Td (. Bielenber) Tj ET Q q 0 0 0 rg BT 214.20 610.10 Td (g, $506; Mr) Tj ET Q q 0 0 0 rg BT 261.15 610.10 Td (. Blew) Tj ET Q q 0 0 0 rg BT 286.61 610.10 Td (, $1,588; Mr) Tj ET Q q 0 0 0 rg BT 336.06 610.10 Td (. Carlson, $2,844; Mr) Tj ET Q q 0 0 0 rg BT 421.61 610.10 Td (. Eischens, $2,844; Mr) Tj ET Q q 0 0 0 rg BT 511.61 610.10 Td (. Erickson, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 598.10 Td ($1,579; Mr) Tj ET Q q 0 0 0 rg BT 129.95 598.10 Td (. Fritel, $1) Tj ET Q q 0 0 0 rg BT 171.24 598.10 Td (18; Mr) Tj ET Q q 0 0 0 rg BT 198.19 598.10 Td (. Holm, $356; Mr) Tj ET Q q 0 0 0 rg BT 267.92 598.10 Td (. Johnsrud, $659; Mr) Tj ET Q q 0 0 0 rg BT 350.98 598.10 Td (. Kayser) Tj ET Q q 0 0 0 rg BT 383.90 598.10 Td (, $2,844; Mr) Tj ET Q q 0 0 0 rg BT 433.35 598.10 Td (. Knecht, $2,330; Mr) Tj ET Q q 0 0 0 rg BT 516.67 598.10 Td (. Kruger) Tj ET Q q 0 0 0 rg BT 549.59 598.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 586.10 Td ($2,844; Mr) Tj ET Q q 0 0 0 rg BT 129.95 586.10 Td (. Malesich, $1,647; Mr) Tj ET Q q 0 0 0 rg BT 221.05 586.10 Td (. Meyer) Tj ET Q q 0 0 0 rg BT 251.75 586.10 Td (, $536; Mr) Tj ET Q q 0 0 0 rg BT 293.70 586.10 Td (. Riegel, $1,109; and Mr) Tj ET Q q 0 0 0 rg BT 391.19 586.10 Td (. Schurr) Tj ET Q q 0 0 0 rg BT 422.45 586.10 Td (, $1,459.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 67.50 572.63 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 568.10 Td (All other compensation includes health insurance premiums, conference and registration fees, meals and related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 556.10 Td (spousal expenses for trips made with a director on CHS business. ) Tj ET Q q 0 0 0 rg BT 349.17 556.10 Td (T) Tj ET Q q 0 0 0 rg BT 354.58 556.10 Td (otal amounts vary primarily due to the variations in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 544.10 Td (health insurance premiums, which are due to the number of dependents covered. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 526.10 Td (Health care premiums paid for directors include: Mr) Tj ET Q q 0 0 0 rg BT 294.04 526.10 Td (. Farrell, $928; Mr) Tj ET Q q 0 0 0 rg BT 367.64 526.10 Td (. Holm, $9,076; Mr) Tj ET Q q 0 0 0 rg BT 444.87 526.10 Td (. Bielenber) Tj ET Q q 0 0 0 rg BT 488.56 526.10 Td (g, $1) Tj ET Q q 0 0 0 rg BT 508.19 526.10 Td (1,298; Mr) Tj ET Q q 0 0 0 rg BT 547.64 526.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 514.10 Td (Meyer) Tj ET Q q 0 0 0 rg BT 111.20 514.10 Td (, $13,216; Mr) Tj ET Q q 0 0 0 rg BT 165.65 514.10 Td (. ) Tj ET Q q 0 0 0 rg BT 170.09 514.10 Td (Anthony) Tj ET Q q 0 0 0 rg BT 204.45 514.10 Td (, Mr) Tj ET Q q 0 0 0 rg BT 221.12 514.10 Td (. Eischens, Mr) Tj ET Q q 0 0 0 rg BT 278.33 514.10 Td (. Fritel, Mr) Tj ET Q q 0 0 0 rg BT 321.67 514.10 Td (. Johnsrud, Mr) Tj ET Q q 0 0 0 rg BT 379.45 514.10 Td (. Knecht, Mr) Tj ET Q q 0 0 0 rg BT 430.00 514.10 Td (. Malesich, and Mr) Tj ET Q q 0 0 0 rg BT 505.26 514.10 Td (. Riegel, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 502.10 Td ($13,584; Mr) Tj ET Q q 0 0 0 rg BT 134.95 502.10 Td (. Kruger) Tj ET Q q 0 0 0 rg BT 167.87 502.10 Td (, $14,1) Tj ET Q q 0 0 0 rg BT 195.00 502.10 Td (12; Mr) Tj ET Q q 0 0 0 rg BT 221.95 502.10 Td (. Carlson and Mr) Tj ET Q q 0 0 0 rg BT 289.16 502.10 Td (. Erickson, $16,808; Mr) Tj ET Q q 0 0 0 rg BT 384.16 502.10 Td (. Bass, $17,424; Mr) Tj ET Q q 0 0 0 rg BT 462.50 502.10 Td (. Schurr) Tj ET Q q 0 0 0 rg BT 493.76 502.10 Td (, $20,028; and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 490.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 97.17 490.10 Td (. Blew and Mr) Tj ET Q q 0 0 0 rg BT 154.39 490.10 Td (. Kayser) Tj ET Q q 0 0 0 rg BT 187.31 490.10 Td (, $24,488. ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 67.50 476.63 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 472.10 Td (All other compensation includes fiscal 2017 director retirement plan Deferred Compensation Plan contributions for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 460.10 Td (former directors, Mr) Tj ET Q q 0 0 0 rg BT 166.86 460.10 Td (. Bass, $8,333 and Mr) Tj ET Q q 0 0 0 rg BT 254.36 460.10 Td (. Bielenber) Tj ET Q q 0 0 0 rg BT 298.05 460.10 Td (g $20,833.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 67.50 446.63 Td (\(5\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 442.10 Td (Made a one-time irrevocable retirement election in 2005 to receive a lump sum benefit under the director retirement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 430.10 Td (plan. ) Tj ET Q q 0 0 0 rg BT 107.17 430.10 Td (All other directors that were first elected on or prior to ) Tj ET Q q 0 0 0 rg BT 326.81 430.10 Td (August 31, 201) Tj ET Q q 0 0 0 rg BT 387.83 430.10 Td (1 will receive a monthly annuity upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 418.10 Td (retirement. ) Tj ET Q q 0 0 0 rg BT 131.41 418.10 Td (The director retirement plan benefit was frozen as of ) Tj ET Q q 0 0 0 rg BT 343.82 418.10 Td (August 31, 201) Tj ET Q q 0 0 0 rg BT 404.84 418.10 Td (1. ) Tj ET Q q 0 0 0 rg BT 414.28 418.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 463.62 418.10 Td (, directors who are first ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 406.10 Td (elected after that date are not eligible for benefits under that plan.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 382.10 Td (Compensation Committee Interlocks and Insider Participation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 358.10 Td (Our Board of Directors does not have a compensation committee. ) Tj ET Q q 0 0 0 rg BT 350.52 358.10 Td (The Governance Committee of our Board of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 346.10 Td (Directors recommends to the entire Board of Directors salary actions relative to our CEO. ) Tj ET Q q 0 0 0 rg BT 411.15 346.10 Td (The entire Board of Directors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.10 Td (determines the compensation and the terms of the employment agreement with our CEO. Our CEO decides base compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 322.10 Td (levels for the other Named Executive Of) Tj ET Q q 0 0 0 rg BT 211.48 322.10 Td (ficers with input from a third-party consultant if necessary) Tj ET Q q 0 0 0 rg BT 444.09 322.10 Td (, and recommends for our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 310.10 Td (Board of Directors' approval the annual and long-term incentive plans applicable to the other Named Executive Of) Tj ET Q q 0 0 0 rg BT 507.63 310.10 Td (ficers.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 286.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 286.10 Td (During fiscal 2017, the members of the Governance Committee of our Board of Directors \(the committee of our Board ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.10 Td (of Directors that performs the equivalent functions of a compensation committee\) were Messrs. Steve Riegel \(chair\), Dennis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 262.10 Td (Carlson, Curt Eischens, Steve Fritel, David Johnsrud and Edward Malesich. During fiscal 2017, no executive of) Tj ET Q q 0 0 0 rg BT 497.00 262.10 Td (ficer of CHS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.10 Td (served on the compensation committee \(or other board committee performing equivalent functions\) or board of directors of any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 238.10 Td (other entity that had any executive of) Tj ET Q q 0 0 0 rg BT 198.15 238.10 Td (ficer who also served on our Governance Committee or Board of Directors. None of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 226.10 Td (directors are, or have been, of) Tj ET Q q 0 0 0 rg BT 168.43 226.10 Td (ficers or employees of CHS.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 202.10 Td (See Item13 of this ) Tj ET Q q 0 0 0 rg BT 162.99 202.10 Td (Annual Report on Form 10-K for directors, including Messrs. Carlson, Eischens and Johnsrud, who ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.10 Td (were a party to related-person transactions.) Tj ET Q endstream endobj 159 0 obj <>] /Rotate 0 /Contents 160 0 R>> endobj 160 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (76) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 742.25 Td (Compensation Committee Report) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 718.25 Td (The Governance Committee \(the committee of our Board of Directors that performs the equivalent functions of a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.25 Td (compensation committee\) has reviewed and discussed the Compensation Discussion and ) Tj ET Q q 0 0 0 rg BT 406.09 706.25 Td (Analysis required by Item402\(b\) of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.25 Td (RegulationS-K with management and, based on such review and discussion, the Governance Committee recommended to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.25 Td (Board of Directors that the Compensation Discussion and ) Tj ET Q q 0 0 0 rg BT 282.24 682.25 Td (Analysis be included in this ) Tj ET Q q 0 0 0 rg BT 395.29 682.25 Td (Annual Report on Form10-K.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.50 658.25 Td (Respectfully submitted,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 634.25 Td ( ) Tj ET Q q 0 0 0 rg BT 121.50 634.25 Td ( ) Tj ET Q q 0 0 0 rg BT 157.50 634.25 Td ( ) Tj ET Q q 0 0 0 rg BT 193.50 634.25 Td ( ) Tj ET Q q 0 0 0 rg BT 229.50 634.25 Td ( ) Tj ET Q q 0 0 0 rg BT 265.50 634.25 Td ( ) Tj ET Q q 0 0 0 rg BT 301.50 634.25 Td ( ) Tj ET Q q 0 0 0 rg BT 337.50 634.25 Td (Steve Riegel, Chairman ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 622.25 Td ( ) Tj ET Q q 0 0 0 rg BT 121.50 622.25 Td ( ) Tj ET Q q 0 0 0 rg BT 157.50 622.25 Td ( ) Tj ET Q q 0 0 0 rg BT 193.50 622.25 Td ( ) Tj ET Q q 0 0 0 rg BT 229.50 622.25 Td ( ) Tj ET Q q 0 0 0 rg BT 265.50 622.25 Td ( ) Tj ET Q q 0 0 0 rg BT 301.50 622.25 Td ( ) Tj ET Q q 0 0 0 rg BT 337.50 622.25 Td (Dennis Carlson) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 610.25 Td ( ) Tj ET Q q 0 0 0 rg BT 121.50 610.25 Td ( ) Tj ET Q q 0 0 0 rg BT 157.50 610.25 Td ( ) Tj ET Q q 0 0 0 rg BT 193.50 610.25 Td ( ) Tj ET Q q 0 0 0 rg BT 229.50 610.25 Td ( ) Tj ET Q q 0 0 0 rg BT 265.50 610.25 Td ( ) Tj ET Q q 0 0 0 rg BT 301.50 610.25 Td ( ) Tj ET Q q 0 0 0 rg BT 337.50 610.25 Td (Curt Eischens) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 598.25 Td ( ) Tj ET Q q 0 0 0 rg BT 121.50 598.25 Td ( ) Tj ET Q q 0 0 0 rg BT 157.50 598.25 Td ( ) Tj ET Q q 0 0 0 rg BT 193.50 598.25 Td ( ) Tj ET Q q 0 0 0 rg BT 229.50 598.25 Td ( ) Tj ET Q q 0 0 0 rg BT 265.50 598.25 Td ( ) Tj ET Q q 0 0 0 rg BT 301.50 598.25 Td ( ) Tj ET Q q 0 0 0 rg BT 337.50 598.25 Td (Steve Fritel) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 586.25 Td ( ) Tj ET Q q 0 0 0 rg BT 121.50 586.25 Td ( ) Tj ET Q q 0 0 0 rg BT 157.50 586.25 Td ( ) Tj ET Q q 0 0 0 rg BT 193.50 586.25 Td ( ) Tj ET Q q 0 0 0 rg BT 229.50 586.25 Td ( ) Tj ET Q q 0 0 0 rg BT 265.50 586.25 Td ( ) Tj ET Q q 0 0 0 rg BT 301.50 586.25 Td ( ) Tj ET Q q 0 0 0 rg BT 337.50 586.25 Td (David Johnsrud) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 574.25 Td ( ) Tj ET Q q 0 0 0 rg BT 121.50 574.25 Td ( ) Tj ET Q q 0 0 0 rg BT 157.50 574.25 Td ( ) Tj ET Q q 0 0 0 rg BT 193.50 574.25 Td ( ) Tj ET Q q 0 0 0 rg BT 229.50 574.25 Td ( ) Tj ET Q q 0 0 0 rg BT 265.50 574.25 Td ( ) Tj ET Q q 0 0 0 rg BT 301.50 574.25 Td ( ) Tj ET Q q 0 0 0 rg BT 337.50 574.25 Td (Edward Malesich) Tj ET Q endstream endobj 161 0 obj <>] /Rotate 0 /Contents 162 0 R>> endobj 162 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (77) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (ITEM12.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 91.67 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 742.25 Td (SECURITY) Tj ET Q q 0 0 0 rg BT 170.53 742.25 Td ( OWNERSHIP) Tj ET Q q 0 0 0 rg BT 232.67 742.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 248.88 742.25 Td ( CERT) Tj ET Q q 0 0 0 rg BT 276.95 742.25 Td (AIN BENEFICIAL) Tj ET Q q 0 0 0 rg BT 358.00 742.25 Td ( OWNERS ) Tj ET Q q 0 0 0 rg BT 404.86 742.25 Td (AND MANAGEMENT ) Tj ET Q q 0 0 0 rg BT 502.84 742.25 Td (AND ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (RELA) Tj ET Q q 0 0 0 rg BT 75.57 730.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 109.56 730.25 Td (OCKHOLDER MA) Tj ET Q q 0 0 0 rg BT 189.30 730.25 Td (TTERS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 706.25 Td (Beneficial ownership of our equity securities by each member of our Board of Directors, each of our Named ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (Executive Of) Tj ET Q q 0 0 0 rg BT 102.85 694.25 Td (ficers and all members of our Board of Directors and executive of) Tj ET Q q 0 0 0 rg BT 366.18 694.25 Td (ficers as a group as of October 20, 2017, is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (shown below) Tj ET Q q 0 0 0 rg BT 102.40 682.25 Td (. Except as indicated in the footnotes to the following table, each person has sole voting and investment power ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (with respect to all shares attributable to such person.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 646.75 m 396.5 646.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 646.75 m 400.5 646.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 646.75 m 450.5 646.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 646.75 m 454.5 646.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 646.75 m 506.5 646.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 646.75 m 510.5 646.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 646.75 m 562.5 646.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 625.75 m 396.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 625.75 m 400.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 625.75 m 450.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 625.75 m 506.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 625.75 m 510.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 625.75 m 562.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 596.75 m 334.5 596.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 596.75 m 396.5 596.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 596.75 m 450.5 596.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 625.75 m 506.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 596.75 m 506.5 596.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 625.75 m 510.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 625.75 m 562.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 596.75 m 562.5 596.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 596.75 m 506.5 596.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.60 650.98 Td (Title of Class) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 345.10 637.98 Td (8% Cumulative Redeemable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 366.90 629.98 Td (Pr) Tj ET Q q 0 0 0 rg BT 375.19 629.98 Td (eferr) Tj ET Q q 0 0 0 rg BT 391.92 629.98 Td (ed Stock) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.20 637.98 Td (Class B Cumulative) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.05 629.98 Td (Redeemable Preferred Stock) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 600.98 Td (Name of Beneficial Owner) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.65 616.98 Td (Amount of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.10 608.98 Td (Beneficial) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.10 600.98 Td (Ownership) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.55 608.98 Td (% of Class) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.30 600.98 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.65 616.98 Td (Amount of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.10 608.98 Td (Beneficial) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.10 600.98 Td (Ownership) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.55 608.98 Td (% of Class) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 531.30 600.98 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 587.32 Td (Directors:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.65 588.70 Td (\(Shares\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.00 587.32 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.65 588.70 Td (\(Shares\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 573.32 Td (Donald Anthony) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 573.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.00 573.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 573.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.00 573.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 559.32 Td (Clinton J. Blew) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 559.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.00 559.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 559.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.00 559.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 545.32 Td (Dennis Carlson) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 545.32 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.00 545.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 545.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.00 545.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 531.32 Td (Curt Eischens) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.65 531.32 Td (120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.00 531.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 531.32 Td (107) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.00 531.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 517.32 Td (Jon Erickson) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.65 517.32 Td (300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.00 517.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 517.32 Td (414) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.00 517.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 503.32 Td (Mark Farrell) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.15 503.32 Td (4,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.00 503.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 503.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.00 503.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 489.32 Td (Steve Fritel) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.65 489.32 Td (880) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.00 489.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 489.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.00 489.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 475.32 Td (Alan Holm) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 475.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.00 475.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 475.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.00 475.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 461.32 Td (David Johnsrud) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 461.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.00 461.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 461.32 Td (1,650) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.00 461.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 447.32 Td (David Kayser) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 447.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.00 447.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 447.32 Td (630) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.00 447.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 433.32 Td (Randy Knecht ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 124.99 437.85 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.65 433.32 Td (916) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.00 433.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 433.32 Td (229) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.00 433.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 419.32 Td (Gregory Kruger) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 419.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.00 419.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 419.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.00 419.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 405.32 Td (Edward Malesich) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 405.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.00 405.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 405.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.00 405.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 391.32 Td (Perry Meyer) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 115.26 395.85 Td ( \(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.65 391.32 Td (120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.00 391.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 391.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.00 391.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 377.32 Td (Steve Riegel) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.65 377.32 Td (245) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.00 377.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 377.32 Td (88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.00 377.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 363.32 Td (Daniel Schurr) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 363.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.00 363.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 363.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.00 363.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 349.32 Td (Named Executive Officers:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.00 349.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 335.32 Td (Jay Debertin ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 118.32 339.85 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.15 335.32 Td (1,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.00 335.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 335.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.00 335.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 321.32 Td (Shirley Cunningham) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 321.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.00 321.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 321.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.00 321.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 307.32 Td (Darin Hunhoff) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.65 307.32 Td (596) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.00 307.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 307.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.00 307.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 293.32 Td (T) Tj ET Q q 0 0 0 rg BT 70.76 293.32 Td (imothy Skidmore) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 140.48 297.85 Td ( \(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 293.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.00 293.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 293.32 Td (5,512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.00 293.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 279.32 Td (James Zappa) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 279.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.00 279.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 279.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.00 279.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 265.32 Td (Carl M. Casale ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 127.76 269.85 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 265.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.00 265.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 265.32 Td (7,114) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.00 265.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 251.32 Td (All other executive officers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 251.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.00 251.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 251.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.00 251.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 237.32 Td (Directors and executive officers as a group) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.15 237.32 Td (9,237) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.00 237.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 237.32 Td (8,630) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.00 237.32 Td (*) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 223.65 Td (_______________________________________) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 68.00 210.18 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 205.65 Td (As of September 15, 2017, there were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.12 205.65 Td (12,272,003) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.12 205.65 Td (shares of 8% Cumulative Redeemable Preferred Stock outstanding.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 68.00 192.18 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 187.65 Td (As of October 20, 2017, there were 78,659,066 shares of Class B Cumulative Redeemable Preferred Stock outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 175.65 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.28 175.65 Td (21,459,066) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.28 175.65 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.28 175.65 Td (16,800,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.28 175.65 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.28 175.65 Td (19,700,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.28 175.65 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.72 175.65 Td (20,700,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.72 175.65 Td ( attributed to Series 1, Series 2, Series 3 and Series 4, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 163.65 Td (respectively) Tj ET Q q 0 0 0 rg BT 133.66 163.65 Td (.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 68.00 150.18 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 145.65 Td (Includes shares held by spouse, children and Individual Retirement ) Tj ET Q q 0 0 0 rg BT 356.49 145.65 Td (Accounts \("IRA"\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 68.00 132.18 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 127.65 Td (Represents 7,1) Tj ET Q q 0 0 0 rg BT 144.51 127.65 Td (14 shares of Class B Series 3 Preferred Stock held by the One ) Tj ET Q q 0 0 0 rg BT 393.62 127.65 Td (At a ) Tj ET Q q 0 0 0 rg BT 412.88 127.65 Td (T) Tj ET Q q 0 0 0 rg BT 418.64 127.65 Td (ime Foundation, a nonprofit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 115.65 Td (or) Tj ET Q q 0 0 0 rg BT 94.15 115.65 Td (ganization at which Mr) Tj ET Q q 0 0 0 rg BT 186.63 115.65 Td (. Casale serves as ) Tj ET Q q 0 0 0 rg BT 258.92 115.65 Td (V) Tj ET Q q 0 0 0 rg BT 265.54 115.65 Td (ice President and a Director and at which Mr) Tj ET Q q 0 0 0 rg BT 444.37 115.65 Td (. Casale's spouse serves as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 103.65 Td (President and a Director) Tj ET Q q 0 0 0 rg BT 182.36 103.65 Td (. Mr) Tj ET Q q 0 0 0 rg BT 199.03 103.65 Td (. Casale disclaims beneficial ownership of all such shares.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 85.65 Td (* ) Tj ET Q q 0 0 0 rg BT 86.00 85.65 Td (Less than 1%.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 61.65 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 61.65 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 61.65 Td (e have no compensation plans under which our equity securities are authorized for issuance.) Tj ET Q endstream endobj 163 0 obj <>] /Rotate 0 /Contents 164 0 R>> endobj 164 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 91.41 742.10 Td (o our knowledge, there is no person or group who is a beneficial owner of more than 5% of any class or series of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 730.10 Td (preferred stock.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (ITEM13.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 91.67 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 706.10 Td (CERT) Tj ET Q q 0 0 0 rg BT 147.57 706.10 Td (AIN RELA) Tj ET Q q 0 0 0 rg BT 193.42 706.10 Td (TIONSHIPS ) Tj ET Q q 0 0 0 rg BT 248.89 706.10 Td (AND RELA) Tj ET Q q 0 0 0 rg BT 298.07 706.10 Td (TED TRANSACTIONS, ) Tj ET Q q 0 0 0 rg BT 400.77 706.10 Td (AND DIRECT) Tj ET Q q 0 0 0 rg BT 461.44 706.10 Td (OR INDEPENDENCE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 682.10 Td (Because our directors must be active patrons of CHS, or of an af) Tj ET Q q 0 0 0 rg BT 343.80 682.10 Td (filiated association, transactions between us and our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (directors are customary and expected. ) Tj ET Q q 0 0 0 rg BT 203.64 670.10 Td (T) Tj ET Q q 0 0 0 rg BT 209.39 670.10 Td (ransactions include the sales of commodities to us and the purchases of products and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (services from us, as well as patronage refunds and equity redemptions received from us. During the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.97 658.10 Td (August31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 646.10 Td (, the value of those transactions between a particular director \(and any immediate family member of a director) Tj ET Q q 0 0 0 rg BT 509.98 646.10 Td (, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (includes any child, stepchild, parent, stepparent, spouse, sibling, mother) Tj ET Q q 0 0 0 rg BT 337.51 634.10 Td (-in-law) Tj ET Q q 0 0 0 rg BT 365.74 634.10 Td (, father) Tj ET Q q 0 0 0 rg BT 393.86 634.10 Td (-in-law) Tj ET Q q 0 0 0 rg BT 422.08 634.10 Td (, son-in-law) Tj ET Q q 0 0 0 rg BT 469.20 634.10 Td (, daughter) Tj ET Q q 0 0 0 rg BT 508.99 634.10 Td (-in-law) Tj ET Q q 0 0 0 rg BT 537.22 634.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (brother) Tj ET Q q 0 0 0 rg BT 78.68 622.10 Td (-in-law or sister) Tj ET Q q 0 0 0 rg BT 141.79 622.10 Td (-in-law and any person \(other than a tenant or employee\) sharing the household of such director\) and us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (in which the total amount involved exceeded $120,000 are shown below) Tj ET Q q 0 0 0 rg BT 339.00 610.10 Td (.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 578.6 m 493.5 578.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 578.6 m 562.5 578.6 l s BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 53 581.580078125 m 72.9921875 581.580078125 l s q 0 0 0 rg BT 53.00 582.83 Td (Name) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 438.55 590.83 Td (Transactions) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.70 582.83 Td (with CHS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.00 590.83 Td (Patr) Tj ET Q q 0 0 0 rg BT 526.96 590.83 Td (onage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.35 582.83 Td (Dividends) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 568.27 Td (Donald Anthony) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 568.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 568.27 Td (197,761) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 568.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 568.27 Td (229) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 553.27 Td (Dennis Carlson) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 553.27 Td (437,907) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 553.27 Td (1,908) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 538.27 Td (Curt Eischens) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 538.27 Td (263,701) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 538.27 Td (408) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 523.27 Td (Jon Erickson) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 523.27 Td (605,318) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 523.27 Td (5,787) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 508.27 Td (David Johnsrud) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 508.27 Td (2,373,532) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 508.27 Td (7,926) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 493.27 Td (David Kayser) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 493.27 Td (890,287) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 493.27 Td (8,222) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 465.10 Td (Review) Tj ET Q q 0 0 0 rg BT 80.55 465.10 Td (, ) Tj ET Q q 0 0 0 rg BT 85.00 465.10 Td (Appr) Tj ET Q q 0 0 0 rg BT 107.60 465.10 Td (oval or) Tj ET Q q 0 0 0 rg BT 137.13 465.10 Td ( Ratification of Related Party ) Tj ET Q q 0 0 0 rg BT 264.98 465.10 Td (T) Tj ET Q q 0 0 0 rg BT 270.90 465.10 Td (ransactions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 441.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 441.10 Td (Pursuant to its amended and restated charter) Tj ET Q q 0 0 0 rg BT 262.21 441.10 Td (, our ) Tj ET Q q 0 0 0 rg BT 282.48 441.10 Td (Audit Committee has responsibility for the review and approval of all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 429.10 Td (transactions between CHS and any related parties or af) Tj ET Q q 0 0 0 rg BT 269.18 429.10 Td (filiates of CHS, including its of) Tj ET Q q 0 0 0 rg BT 394.55 429.10 Td (ficers and directors, other than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 417.10 Td (transactions in the ordinary course of business and on market terms as described above.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 393.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 393.10 Td (Related persons can include any of our directors or executive of) Tj ET Q q 0 0 0 rg BT 341.28 393.10 Td (ficers and any of their immediate family members, as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 381.10 Td (defined by the Securities and Exchange Commission. In evaluating related person transactions, the committee members apply ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 369.10 Td (the same standards they apply to their general responsibilities as members of the ) Tj ET Q q 0 0 0 rg BT 373.53 369.10 Td (Audit Committee of the Board of Directors. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 357.10 Td (The committee will approve a related person transaction when, in its good faith judgment, the transaction is in the best interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 345.10 Td (of CHS. ) Tj ET Q q 0 0 0 rg BT 85.10 345.10 Td (T) Tj ET Q q 0 0 0 rg BT 90.51 345.10 Td (o identify related person transactions, each year we require our directors and of) Tj ET Q q 0 0 0 rg BT 407.14 345.10 Td (ficers to complete a questionnaire ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 333.10 Td (identifying any transactions with CHS in which the of) Tj ET Q q 0 0 0 rg BT 265.90 333.10 Td (ficer or director or their family members have an interest. ) Tj ET Q q 0 0 0 rg BT 498.12 333.10 Td (W) Tj ET Q q 0 0 0 rg BT 506.76 333.10 Td (e also review ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 321.10 Td (our business records to identify potentially qualifying transactions between a related person and us. In addition, we have a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 309.10 Td (written policy in regard to related persons, included in our Corporate Compliance Code of Ethics, that describes our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 297.10 Td (expectation that all directors, of) Tj ET Q q 0 0 0 rg BT 176.71 297.10 Td (ficers and employees who may have a potential or apparent conflict of interest will notify our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 285.10 Td (legal department.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 261.10 Td (Dir) Tj ET Q q 0 0 0 rg BT 64.26 261.10 Td (ector) Tj ET Q q 0 0 0 rg BT 85.72 261.10 Td ( Independence) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 237.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 237.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 237.10 Td (e are a Minnesota cooperative corporation managed by a Board of Directors made up of 17 members \(presently) Tj ET Q q 0 0 0 rg BT 539.66 237.10 Td (, one ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 225.10 Td (seat remains open\). Nomination and election of the directors is done by eight separate regions. In addition to meeting other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 213.10 Td (requirements for directorship, candidates must reside in the region from which they are elected. Directors are elected for three-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 201.10 Td (year terms. ) Tj ET Q q 0 0 0 rg BT 96.74 201.10 Td (The terms of directors are staggered and no more than seven director positions are elected at an annual meeting of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 189.10 Td (members. Nominations for director elections are made by the members at the region caucuses at our annual meeting of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 177.10 Td (members. Neither the Board of Directors, nor management of CHS participates in the nomination process. ) Tj ET Q q 0 0 0 rg BT 477.11 177.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 526.45 177.10 Td (, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 165.10 Td (have no nominating committee.) Tj ET Q endstream endobj 165 0 obj <>] /Rotate 0 /Contents 166 0 R>> endobj 166 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (79) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 742.10 Td (The following directors satisfy the definition of director independence set forth in the rules of the Stock Market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (\("NASDAQ"\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 710.17 Td (Donald Anthony) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.00 710.17 Td (Steve Fritel) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.00 710.17 Td (Edward Malesich) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 695.17 Td (Clinton J. Blew) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.00 695.17 Td (Alan Holm) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.00 695.17 Td (Perry Meyer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 680.17 Td (Dennis Carlson) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.00 680.17 Td (David Kayser) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.00 680.17 Td (Steve Riegel) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 665.17 Td (Jon Erickson) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.00 665.17 Td (Randy Knecht) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.00 665.17 Td (Daniel Schurr) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 650.17 Td (Mark Farrell) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.00 650.17 Td (Greg Kruger) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 621.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 621.10 Td (Further) Tj ET Q q 0 0 0 rg BT 115.04 621.10 Td (, although we do not need to rely upon an exemption for the Board of Directors as a whole, we are exempt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 609.10 Td (pursuant to the NASDAQ rules from the NASDAQ director independence requirements as they relate to the makeup of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 597.10 Td (Board of Directors as a whole and the makeup of the committee performing the functions of a compensation committee. ) Tj ET Q q 0 0 0 rg BT 533.00 597.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 585.10 Td (NASDAQ exemption applies to cooperatives that are structured to comply with relevant state law and federal tax law and that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 573.10 Td (do not have a publicly traded class of common stock. ) Tj ET Q q 0 0 0 rg BT 264.67 573.10 Td (All of the members of our ) Tj ET Q q 0 0 0 rg BT 370.76 573.10 Td (Audit Committee are independent. ) Tj ET Q q 0 0 0 rg BT 511.01 573.10 Td (All of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 561.10 Td (members of our Governance Committee \(the committee of our Board of Directors that performs the equivalent functions of a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 549.10 Td (compensation committee\) are independent other than Curt Eischens and David Johnsrud.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 525.10 Td (Independence of CEO and Board Chairman Positions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 501.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 501.10 Td (Our bylaws prohibit any employee of CHS from serving on the Board of Directors. ) Tj ET Q q 0 0 0 rg BT 420.66 501.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 469.99 501.10 Td (, our CEO may not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 489.10 Td (serve as Chairman of the Board or in any CHS Board capacity) Tj ET Q q 0 0 0 rg BT 298.45 489.10 Td (. ) Tj ET Q q 0 0 0 rg BT 303.27 489.10 Td (W) Tj ET Q q 0 0 0 rg BT 311.90 489.10 Td (e believe that this leadership structure creates independence ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 477.10 Td (between the Board and management and is an important check and balance in the governance of CHS.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 453.10 Td (Board of Dir) Tj ET Q q 0 0 0 rg BT 104.26 453.10 Td (ectors Role in Risk Oversight) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 429.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 429.10 Td (It is senior management) Tj ET Q q 0 0 0 rg BT 184.58 429.10 Td (s responsibility to identify) Tj ET Q q 0 0 0 rg BT 288.65 429.10 Td (, assess and manage our exposures to risk.Our Board of Directors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 417.10 Td (plays an important and significant role in overseeing the overall risk management approach, including the review and, where ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 405.10 Td (appropriate, approval of guidelines and policies that govern our risk management process. Our management and Board of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 393.10 Td (Directors have jointly identified multiple broad categories of risk exposure, each of which could impact operations and af) Tj ET Q q 0 0 0 rg BT 535.77 393.10 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 381.10 Td (results at an enterprise level.Each such significant enterprise level risk is reviewed periodically by management with the Board ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 369.10 Td (of Directors and/or a committee of the Board as appropriate. ) Tj ET Q q 0 0 0 rg BT 293.90 369.10 Td (The review includes an analysis by management of the continued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 357.10 Td (applicability of the risk, our performance in managing or mitigating the risk, and possible additional or emer) Tj ET Q q 0 0 0 rg BT 483.59 357.10 Td (ging risks to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 345.10 Td (consider) Tj ET Q q 0 0 0 rg BT 83.33 345.10 Td (. ) Tj ET Q q 0 0 0 rg BT 87.77 345.10 Td (As additional areas of risk are identified our Board of Directors and/or a committee of the Board provides review and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 333.10 Td (oversight of management's actions to identify) Tj ET Q q 0 0 0 rg BT 231.39 333.10 Td (, assess, and manage that risk. ) Tj ET Q q 0 0 0 rg BT 353.68 333.10 Td (W) Tj ET Q q 0 0 0 rg BT 362.31 333.10 Td (e continue to develop a formal Enterprise Risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 321.10 Td (Management program intended to support integration of the risk assessment and management discipline and controls into major ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 309.10 Td (decision making and business processes. ) Tj ET Q q 0 0 0 rg BT 214.79 309.10 Td (The Corporate Risk Committee is involved in developing and approving the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 297.10 Td (Enterprise Risk Management framework, and is responsible for evaluating its ef) Tj ET Q q 0 0 0 rg BT 370.00 297.10 Td (fectiveness on an ongoing basis. ) Tj ET Q q 0 0 0 rg BT 501.46 297.10 Td (When ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 285.10 Td (appropriate, the Corporate Risk Committee meets jointly with the ) Tj ET Q q 0 0 0 rg BT 314.39 285.10 Td (Audit Committee to discuss common financial risks across ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 273.10 Td (CHS that may have potential material impact to our financial statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 249.10 Td (ITEM14.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 91.67 249.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 249.10 Td (PRINCIP) Tj ET Q q 0 0 0 rg BT 161.82 249.10 Td (AL) Tj ET Q q 0 0 0 rg BT 174.23 249.10 Td ( ) Tj ET Q q 0 0 0 rg BT 176.36 249.10 Td (ACCOUNT) Tj ET Q q 0 0 0 rg BT 223.59 249.10 Td (ANT FEES ) Tj ET Q q 0 0 0 rg BT 273.79 249.10 Td (AND SER) Tj ET Q q 0 0 0 rg BT 316.12 249.10 Td (VICES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 225.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 225.10 Td (The following table shows the aggregate fees billed to us by PricewaterhouseCoopers LLP) Tj ET Q q 0 0 0 rg BT 448.31 225.10 Td ( for services rendered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 213.10 Td (during the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.75 213.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.14 213.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.08 213.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.08 213.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 174.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 174.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 174.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 174.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 144.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 144.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 144.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 144.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 114.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 114.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 114.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 114.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 189.60000000000002 m 493.5 189.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 189.60000000000002 m 562.5 189.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 114.60000000000002 m 493.5 114.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 114.60000000000002 m 562.5 114.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 100.60000000000002 m 493.5 100.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 98.60000000000002 m 493.5 98.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 100.60000000000002 m 562.5 100.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 98.60000000000002 m 562.5 98.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 193.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 193.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.20 178.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 164.27 Td (Audit Fees ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 99.11 168.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.50 164.17 Td (...............................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 164.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 164.27 Td (4,408) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 164.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 164.27 Td (4,416) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 149.27 Td (Audit-related Fees ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 129.64 153.80 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.50 149.17 Td (...................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 149.27 Td (546) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 149.27 Td (746) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 134.27 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 134.27 Td (ax Fees ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 91.18 138.80 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.00 134.17 Td (..................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 134.27 Td (84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 134.27 Td (166) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 119.27 Td (All Other Fees ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 114.38 123.80 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.50 119.17 Td (.........................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 119.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 119.27 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 104.27 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 104.17 Td (............................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 104.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 104.27 Td (5,039) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 104.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 104.27 Td (5,347) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 90.50 Td (_______________________________________) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 68.00 77.03 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 72.50 Td (Includes fees for audit of annual financial statements and reviews of the related quarterly financial statements, certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 60.50 Td (statutory audits and work related to filings of registration statements.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.15 378.42 Td (103,639) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 378.42 Td (8,132) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 378.47 Td (\(5,326) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 378.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 378.42 Td (106,445) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 348.42 Td (Valuation Allowance for Deferred Tax Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 333.42 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 333.32 Td (......................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 333.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.15 333.42 Td (194,277) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 333.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.15 333.42 Td (112,899) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 333.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 333.47 Td (\(22,460) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 333.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 333.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 333.42 Td (284,716) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 318.42 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 318.32 Td (......................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 318.42 Td (98,023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.15 318.42 Td (120,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 318.47 Td (\(24,046) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 318.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 318.42 Td (194,277) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 303.42 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 303.32 Td (......................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.15 303.42 Td (111,509) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.15 303.42 Td (21,884) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 303.47 Td (\(35,370) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 303.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 303.42 Td (98,023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 273.42 Td (Reserve for Supplier Advance Payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 258.42 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 258.32 Td (......................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 258.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 258.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.00 258.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.15 258.42 Td (130,705) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 258.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 258.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 258.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 258.42 Td (130,705) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 230.25 Td (*net of reserve adjustments) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 517.55 635.9833984375 m 531.4416015625 635.9833984375 l s q 0 0 1 rg BT 517.55 637.32 Td (F-1) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 517.55 620.9833984375 m 531.4416015625 620.9833984375 l s q 0 0 1 rg BT 517.55 622.32 Td (F-2) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 517.55 605.9833984375 m 531.4416015625 605.9833984375 l s q 0 0 1 rg BT 517.55 607.32 Td (F-3) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 517.55 590.0833984375 m 531.4416015625 590.0833984375 l s q 0 0 1 rg BT 517.55 591.42 Td (F-4) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 517.55 575.9833984375 m 531.4416015625 575.9833984375 l s q 0 0 1 rg BT 517.55 577.32 Td (F-5) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 517.55 560.9833984375 m 531.4416015625 560.9833984375 l s q 0 0 1 rg BT 517.55 562.32 Td (F-6) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 517.55 545.9833984375 m 531.4416015625 545.9833984375 l s q 0 0 1 rg BT 517.55 547.32 Td (F-7) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 171 0 obj <>] /Rotate 0 /Contents 172 0 R>> endobj 172 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (82) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (\(a\)\(3\) ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 75.26 742.10 Td (EXHIBITS ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (EXHIBIT) Tj ET Q q 0 0 0 rg BT 92.61 718.10 Td ( INDEX) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 698.17 Td (2.1) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 696.8333984375 m 546.2080078125 696.8333984375 l s q 0 0 1 rg BT 98.00 698.17 Td (Second ) Tj ET Q q 0 0 1 rg BT 129.39 698.17 Td (Amended and Restated Limited Liability Company ) Tj ET Q q 0 0 1 rg BT 336.57 698.17 Td (Agreement dated as of December 18, 2015 between ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 686.8333984375 m 537.3408203125 686.8333984375 l s q 0 0 1 rg BT 98.00 688.17 Td (CHS Inc. and CF Industries Sales, LLC. \(Incorporated by reference to our Current Report on Form 8-K, filed ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 676.8333984375 m 220.734375 676.8333984375 l s q 0 0 1 rg BT 98.00 678.17 Td (December 21, 2015\).\(**\)\(***\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 664.17 Td (3.1) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 662.8333984375 m 555.626953125 662.8333984375 l s q 0 0 1 rg BT 98.00 664.17 Td (Amended and Restated ) Tj ET Q q 0 0 1 rg BT 192.70 664.17 Td (Articles of Incorporation of CHS Inc. \(Incorporated by reference to our Current Report on ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 652.8333984375 m 242.9609375 652.8333984375 l s q 0 0 1 rg BT 98.00 654.17 Td (Form 8-K, filed December 5, 2016\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 640.17 Td (3.2) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 638.8333984375 m 552.31640625 638.8333984375 l s q 0 0 1 rg BT 98.00 640.17 Td (Amended and Restated Bylaws of CHS Inc. \(Incorporated by reference to our Current Report on Form 8-K, filed ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 628.8333984375 m 177.4140625 628.8333984375 l s q 0 0 1 rg BT 98.00 630.17 Td (December 5, 2016\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 615.17 Td (4.1) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 613.8333984375 m 548.4248046875 613.8333984375 l s q 0 0 1 rg BT 98.00 615.17 Td (Resolution Creating a Series of Preferred Equity to be Designated 8% Cumulative Redeemable Preferred Stock. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 603.8333984375 m 505.12890625 603.8333984375 l s q 0 0 1 rg BT 98.00 605.17 Td (\(Incorporated by reference to ) Tj ET Q q 0 0 1 rg BT 216.82 605.17 Td (Amendment No. 1 to our Registration Statement on Form S-2 \(File No. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 593.8333984375 m 249.9140625 593.8333984375 l s q 0 0 1 rg BT 98.00 595.17 Td (333-101916\), filed January 14, 2003\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 581.17 Td (4.2) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 579.8333984375 m 536.720703125 579.8333984375 l s q 0 0 1 rg BT 98.00 581.17 Td (Form of Certificate Representing 8% Cumulative Redeemable Preferred Stock. \(Incorporated by reference to ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 569.8333984375 m 538.2197265625 569.8333984375 l s q 0 0 1 rg BT 98.00 571.17 Td (Amendment No. 2 to our Registration Statement on Form S-2 \(File No. 333-101916\), filed January 23, 2003\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 557.17 Td (4.3) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 555.8333984375 m 516.7841796875 555.8333984375 l s q 0 0 1 rg BT 98.00 557.17 Td (Unanimous ) Tj ET Q q 0 0 1 rg BT 146.43 557.17 Td (W) Tj ET Q q 0 0 1 rg BT 155.47 557.17 Td (ritten Consent Resolution of the Board of Directors ) Tj ET Q q 0 0 1 rg BT 362.65 557.17 Td (Amending the ) Tj ET Q q 0 0 1 rg BT 421.54 557.17 Td (Amended and Restated ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 545.8333984375 m 548.4248046875 545.8333984375 l s q 0 0 1 rg BT 98.00 547.17 Td (Resolution Creating a Series of Preferred Equity to be Designated 8% Cumulative Redeemable Preferred Stock. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 535.8333984375 m 505.12890625 535.8333984375 l s q 0 0 1 rg BT 98.00 537.17 Td (\(Incorporated by reference to ) Tj ET Q q 0 0 1 rg BT 216.82 537.17 Td (Amendment No. 2 to our Registration Statement on Form S-2 \(File No. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 525.8333984375 m 249.9140625 525.8333984375 l s q 0 0 1 rg BT 98.00 527.17 Td (333-101916\), filed January 23, 2003\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 513.17 Td (4.4) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 511.8333984375 m 516.7841796875 511.8333984375 l s q 0 0 1 rg BT 98.00 513.17 Td (Unanimous ) Tj ET Q q 0 0 1 rg BT 146.43 513.17 Td (W) Tj ET Q q 0 0 1 rg BT 155.47 513.17 Td (ritten Consent Resolution of the Board of Directors ) Tj ET Q q 0 0 1 rg BT 362.65 513.17 Td (Amending the ) Tj ET Q q 0 0 1 rg BT 421.54 513.17 Td (Amended and Restated ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 501.8333984375 m 556.203125 501.8333984375 l s q 0 0 1 rg BT 98.00 503.17 Td (Resolution Creating a Series of Preferred Equity to be Designated 8% Cumulative Redeemable Preferred Stock to ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 491.8333984375 m 553.0927734375 491.8333984375 l s q 0 0 1 rg BT 98.00 493.17 Td (change the record date for dividends. \(Incorporated by reference to our Form 10-Q for the quarterly period ended ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 481.8333984375 m 234.6552734375 481.8333984375 l s q 0 0 1 rg BT 98.00 483.17 Td (May 31, 2003, filed July 2, 2003\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 469.17 Td (4.5) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 467.8333984375 m 560.6318359375 467.8333984375 l s q 0 0 1 rg BT 98.00 469.17 Td (Resolution ) Tj ET Q q 0 0 1 rg BT 143.28 469.17 Td (Amending the ) Tj ET Q q 0 0 1 rg BT 202.54 469.17 Td (T) Tj ET Q q 0 0 1 rg BT 207.95 469.17 Td (erms of the 8% Cumulative Redeemable Preferred Stock to Provide for Call Protection. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 457.8333984375 m 434.015625 457.8333984375 l s q 0 0 1 rg BT 98.00 459.17 Td (\(Incorporated by reference to our Current Report on Form 8-K, filed July 19, 2013\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 445.17 Td (4.6) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 443.8333984375 m 553.419921875 443.8333984375 l s q 0 0 1 rg BT 98.00 445.17 Td (Resolution Creating Class B Cumulative Redeemable Preferred Stock. \(Incorporated by reference to ) Tj ET Q q 0 0 1 rg BT 501.49 445.17 Td (Amendment ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 433.8333984375 m 497.951171875 433.8333984375 l s q 0 0 1 rg BT 98.00 435.17 Td (No. 2 to our Registration Statement on Form S-1 \(File No. 333-190019\), filed September 13, 2013\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 420.17 Td (4.7) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 418.8333984375 m 561.1884765625 418.8333984375 l s q 0 0 1 rg BT 98.00 420.17 Td (Unanimous ) Tj ET Q q 0 0 1 rg BT 146.43 420.17 Td (W) Tj ET Q q 0 0 1 rg BT 155.47 420.17 Td (ritten Consent Resolution of the Board of Directors of CHS Inc. Relating to the ) Tj ET Q q 0 0 1 rg BT 474.95 420.17 Td (T) Tj ET Q q 0 0 1 rg BT 480.36 420.17 Td (erms of the Class B ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 408.8333984375 m 545.0703125 408.8333984375 l s q 0 0 1 rg BT 98.00 410.17 Td (Cumulative Redeemable Preferred Stock, Series 1. \(Incorporated by reference to our Registration Statement on ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 398.8333984375 m 336.857421875 398.8333984375 l s q 0 0 1 rg BT 98.00 400.17 Td (Form 8-A) Tj ET Q q 0 0 1 rg BT 137.17 400.17 Td ( \(File No. 001-36079\), filed September 20, 2013\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 386.17 Td (4.8) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 384.8333984375 m 541.2080078125 384.8333984375 l s q 0 0 1 rg BT 98.00 386.17 Td (Form of Certificate Representing Class B Cumulative Redeemable Preferred Stock, Series 1. \(Incorporated by ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 374.8333984375 m 558.4638671875 374.8333984375 l s q 0 0 1 rg BT 98.00 376.17 Td (reference to ) Tj ET Q q 0 0 1 rg BT 147.41 376.17 Td (Amendment No. 2 to our Registration Statement on Form S-1 \(File No. 333-190019\), filed September ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 364.8333984375 m 138.830078125 364.8333984375 l s q 0 0 1 rg BT 98.00 366.17 Td (13, 2013\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 351.17 Td (4.9) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 349.8333984375 m 556.1787109375 349.8333984375 l s q 0 0 1 rg BT 98.00 351.17 Td (Unanimous ) Tj ET Q q 0 0 1 rg BT 146.43 351.17 Td (W) Tj ET Q q 0 0 1 rg BT 155.47 351.17 Td (ritten Consent Resolution of the Board of Directors Relating to the ) Tj ET Q q 0 0 1 rg BT 424.40 351.17 Td (T) Tj ET Q q 0 0 1 rg BT 429.81 351.17 Td (erms of the Class B Reset Rate ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 339.8333984375 m 545.0703125 339.8333984375 l s q 0 0 1 rg BT 98.00 341.17 Td (Cumulative Redeemable Preferred Stock, Series 2. \(Incorporated by reference to our Registration Statement on ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 329.8333984375 m 315.1923828125 329.8333984375 l s q 0 0 1 rg BT 98.00 331.17 Td (Form 8-A) Tj ET Q q 0 0 1 rg BT 137.17 331.17 Td ( \(File No. 001-36079\), filed March 5, 2014\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 314.17 Td (4.10) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 312.8333984375 m 517.3359375 312.8333984375 l s q 0 0 1 rg BT 98.00 314.17 Td (Form of Certificate Representing Class B Reset Rate Cumulative Redeemable Preferred Stock, Series 2. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 302.8333984375 m 505.12890625 302.8333984375 l s q 0 0 1 rg BT 98.00 304.17 Td (\(Incorporated by reference to ) Tj ET Q q 0 0 1 rg BT 216.82 304.17 Td (Amendment No. 1 to our Registration Statement on Form S-1 \(File No. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 292.8333984375 m 254.9140625 292.8333984375 l s q 0 0 1 rg BT 98.00 294.17 Td (333-193891\), filed February26, 2014\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 280.17 Td (4.11) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 277.93339843750005 m 556.1787109375 277.93339843750005 l s q 0 0 1 rg BT 98.00 279.27 Td (Unanimous ) Tj ET Q q 0 0 1 rg BT 146.43 279.27 Td (W) Tj ET Q q 0 0 1 rg BT 155.47 279.27 Td (ritten Consent Resolution of the Board of Directors Relating to the ) Tj ET Q q 0 0 1 rg BT 424.40 279.27 Td (T) Tj ET Q q 0 0 1 rg BT 429.81 279.27 Td (erms of the Class B Reset Rate ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 267.93339843750005 m 545.0703125 267.93339843750005 l s q 0 0 1 rg BT 98.00 269.27 Td (Cumulative Redeemable Preferred Stock, Series 3. \(Incorporated by reference to our Registration Statement on ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 257.93339843750005 m 336.857421875 257.93339843750005 l s q 0 0 1 rg BT 98.00 259.27 Td (Form 8-A) Tj ET Q q 0 0 1 rg BT 137.17 259.27 Td ( \(File No. 001-36079\), filed September 10, 2014\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 245.17 Td (4.12) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 243.83339843750002 m 517.3359375 243.83339843750002 l s q 0 0 1 rg BT 98.00 245.17 Td (Form of Certificate Representing Class B Reset Rate Cumulative Redeemable Preferred Stock, Series 3. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 233.83339843750002 m 552.6044921875 233.83339843750002 l s q 0 0 1 rg BT 98.00 235.17 Td (\(Incorporated by reference to our Registration Statement on Form 8-A) Tj ET Q q 0 0 1 rg BT 378.75 235.17 Td ( \(File No. 001-36079\), filed September 10, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 223.83339843750002 m 123.830078125 223.83339843750002 l s q 0 0 1 rg BT 98.00 225.17 Td (2014\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 212.17 Td (4.13) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 210.83339843750002 m 559.796875 210.83339843750002 l s q 0 0 1 rg BT 98.00 212.17 Td (Unanimous ) Tj ET Q q 0 0 1 rg BT 146.43 212.17 Td (W) Tj ET Q q 0 0 1 rg BT 155.47 212.17 Td (ritten Consent Resolution of the Board of Directors Relating to the ) Tj ET Q q 0 0 1 rg BT 424.40 212.17 Td (T) Tj ET Q q 0 0 1 rg BT 429.81 212.17 Td (erms of the ClassB Cumulative ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 200.83339843750002 m 558.966796875 200.83339843750002 l s q 0 0 1 rg BT 98.00 202.17 Td (Redeemable Preferred Stock, Series4. \(Incorporated by reference to our Registration Statement on Form 8-A) Tj ET Q q 0 0 1 rg BT 535.08 202.17 Td ( \(File ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 190.83339843750002 m 264.6357421875 190.83339843750002 l s q 0 0 1 rg BT 98.00 192.17 Td (No. 001-36079\), filed January 14, 2015\). ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 176.17 Td (4.14) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 174.83339843750002 m 541.2080078125 174.83339843750002 l s q 0 0 1 rg BT 98.00 176.17 Td (Formof Certificate Representing ClassB Cumulative Redeemable Preferred Stock, Series4. \(Incorporated by ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 164.83339843750002 m 497.35546875 164.83339843750002 l s q 0 0 1 rg BT 98.00 166.17 Td (reference to our Registration Statement on Form 8-A) Tj ET Q q 0 0 1 rg BT 309.33 166.17 Td ( \(File No. 001-36079\), filed January 14, 2015\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 152.17 Td (10.1) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 150.83339843750002 m 553.537109375 150.83339843750002 l s q 0 0 1 rg BT 98.00 152.17 Td (Employment ) Tj ET Q q 0 0 1 rg BT 151.61 152.17 Td (Agreement between CHS Inc. and Carl M. Casale dated ) Tj ET Q q 0 0 1 rg BT 377.38 152.17 Td (April 7, 2016, ef) Tj ET Q q 0 0 1 rg BT 443.57 152.17 Td (fective September 1, 2016. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 140.83339843750002 m 539.4306640625 140.83339843750002 l s q 0 0 1 rg BT 98.00 142.17 Td (\(Incorporated by reference to our Form 10-Q for the quarterly period ended February 29, 2016, filed ) Tj ET Q q 0 0 1 rg BT 501.19 142.17 Td (April 1) Tj ET Q q 0 0 1 rg BT 529.43 142.17 Td (1, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 130.83339843750002 m 138.6298828125 130.83339843750002 l s q 0 0 1 rg BT 98.00 132.17 Td (2016\). \(+\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 119.17 Td (10.1A) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 117.83339843750002 m 553.5029296875 117.83339843750002 l s q 0 0 1 rg BT 98.00 119.17 Td (Separation ) Tj ET Q q 0 0 1 rg BT 142.71 119.17 Td (Agreement between CHS Inc. and Carl M. Casale dated and ef) Tj ET Q q 0 0 1 rg BT 393.56 119.17 Td (fective May 22, 2017. \(Incorporated by ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 107.83339843750002 m 378.5615234375 107.83339843750002 l s q 0 0 1 rg BT 98.00 109.17 Td (reference to our Current Report on Form 8-K, filed May 22, 2017\).\(+\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 94.17 Td (10.1B) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 91.93339843750005 m 550.7587890625 91.93339843750005 l s q 0 0 1 rg BT 98.00 93.27 Td (Change in Control ) Tj ET Q q 0 0 1 rg BT 173.83 93.27 Td (Agreement between CHS Inc. and Carl M. Casale dated ) Tj ET Q q 0 0 1 rg BT 399.60 93.27 Td (April 7, 2016, ef) Tj ET Q q 0 0 1 rg BT 465.79 93.27 Td (fective September 1, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 81.93339843750005 m 549.8017578125 81.93339843750005 l s q 0 0 1 rg BT 98.00 83.27 Td (2016. \(Incorporated by reference to our Form 10-Q for the quarterly period ended February 29, 2016, filed ) Tj ET Q q 0 0 1 rg BT 526.19 83.27 Td (April ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 71.93339843750005 m 153.2587890625 71.93339843750005 l s q 0 0 1 rg BT 98.00 73.27 Td (1) Tj ET Q q 0 0 1 rg BT 102.63 73.27 Td (1, 2016\). \(+\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 173 0 obj <>] /Rotate 0 /Contents 174 0 R>> endobj 174 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 739.07 Td (10.2) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 737.7333984375 m 552.6728515625 737.7333984375 l s q 0 0 1 rg BT 98.00 739.07 Td (Employment ) Tj ET Q q 0 0 1 rg BT 151.61 739.07 Td (Agreement between CHS Inc. and Jay D. Debertin dated and ef) Tj ET Q q 0 0 1 rg BT 405.23 739.07 Td (fective May 22, 2017. \(Incorporated ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 727.7333984375 m 391.0615234375 727.7333984375 l s q 0 0 1 rg BT 98.00 729.07 Td (by reference to our Current Report on Form 8-K, filed May 22, 2017\).\(+\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 715.07 Td (10.3) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 713.7333984375 m 559.2451171875 713.7333984375 l s q 0 0 1 rg BT 98.00 715.07 Td (CHS Inc. Supplemental Executive Retirement Plan \(2013 Restatement\). \(Incorporated by reference to ) Tj ET Q q 0 0 1 rg BT 507.31 715.07 Td (Amendment ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 703.7333984375 m 505.51953125 703.7333984375 l s q 0 0 1 rg BT 98.00 705.07 Td (No. 1 to our Registration Statement on Form S-1 \(file No. 333-190019\), filed September 3, 2013\). \(+\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 691.07 Td (10.3A) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 689.7333984375 m 559.552734375 689.7333984375 l s q 0 0 1 rg BT 98.00 691.07 Td (Amendment No. 1 to the CHS Inc. Supplemental Executive Retirement Plan \(2013 Restatement\). \(Incorporated by ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 679.7333984375 m 472.9755859375 679.7333984375 l s q 0 0 1 rg BT 98.00 681.07 Td (reference to our Form 10-K for the year ended ) Tj ET Q q 0 0 1 rg BT 285.42 681.07 Td (August 31, 2016, filed November 3, 2016\). \(+\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 665.07 Td (10.3B) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 663.7333984375 m 559.552734375 663.7333984375 l s q 0 0 1 rg BT 98.00 665.07 Td (Amendment No. 2 to the CHS Inc. Supplemental Executive Retirement Plan \(2013 Restatement\). \(Incorporated by ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 653.7333984375 m 484.3623046875 653.7333984375 l s q 0 0 1 rg BT 98.00 655.07 Td (reference to our Form 10-Q for the quarterly period ended May 31, 2016, filed July 7, 2016\). \(+\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 640.07 Td (10.4) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 638.7333984375 m 383.68359375 638.7333984375 l s q 0 0 1 rg BT 98.00 640.07 Td (CHS Inc. 2017 ) Tj ET Q q 0 0 1 rg BT 159.67 640.07 Td (Annual ) Tj ET Q q 0 0 1 rg BT 191.43 640.07 Td (V) Tj ET Q q 0 0 1 rg BT 197.54 640.07 Td (ariable Pay Plan Master Plan Document \(*\)\(+\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 623.07 Td (10.4A) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 621.7333984375 m 393.1416015625 621.7333984375 l s q 0 0 1 rg BT 98.00 623.07 Td (CHS Inc. 2017 ) Tj ET Q q 0 0 1 rg BT 159.67 623.07 Td (Annual ) Tj ET Q q 0 0 1 rg BT 191.43 623.07 Td (V) Tj ET Q q 0 0 1 rg BT 197.54 623.07 Td (ariable Pay Plan ) Tj ET Q q 0 0 1 rg BT 264.47 623.07 Td (Appendix ) Tj ET Q q 0 0 1 rg BT 305.86 623.07 Td (A, Plan Details \(*\)\(+\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 606.07 Td (10.4B) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 604.7333984375 m 417.0283203125 604.7333984375 l s q 0 0 1 rg BT 98.00 606.07 Td (CHS Inc. 2017 ) Tj ET Q q 0 0 1 rg BT 159.67 606.07 Td (Annual ) Tj ET Q q 0 0 1 rg BT 191.43 606.07 Td (V) Tj ET Q q 0 0 1 rg BT 197.54 606.07 Td (ariable Pay Plan ) Tj ET Q q 0 0 1 rg BT 264.47 606.07 Td (Appendix B, Plan Modification \(*\)\(+\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 589.07 Td (10.5) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 587.7333984375 m 439.3427734375 587.7333984375 l s q 0 0 1 rg BT 98.00 589.07 Td (CHS Inc. Long-T) Tj ET Q q 0 0 1 rg BT 167.57 589.07 Td (erm Incentive Plan XIV) Tj ET Q q 0 0 1 rg BT 263.19 589.07 Td ( Master Plan Document \(2014-2016\). \(*\)\(+\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 572.07 Td (10.5A) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 570.7333984375 m 403.8056640625 570.7333984375 l s q 0 0 1 rg BT 98.00 572.07 Td (CHS Inc. Long-T) Tj ET Q q 0 0 1 rg BT 167.57 572.07 Td (erm Incentive Plan XIV) Tj ET Q q 0 0 1 rg BT 263.19 572.07 Td ( Plan ) Tj ET Q q 0 0 1 rg BT 285.42 572.07 Td (Appendix \(2014-2016\) \(*\)\(+\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 555.07 Td (10.5B) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 553.7333984375 m 439.3427734375 553.7333984375 l s q 0 0 1 rg BT 98.00 555.07 Td (CHS Inc. Long-T) Tj ET Q q 0 0 1 rg BT 167.57 555.07 Td (erm Incentive Plan XIV) Tj ET Q q 0 0 1 rg BT 263.19 555.07 Td ( Master Plan Document \(2015-2017\). \(*\)\(+\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 538.07 Td (10.5C) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 536.7333984375 m 403.8056640625 536.7333984375 l s q 0 0 1 rg BT 98.00 538.07 Td (CHS Inc. Long-T) Tj ET Q q 0 0 1 rg BT 167.57 538.07 Td (erm Incentive Plan XIV) Tj ET Q q 0 0 1 rg BT 263.19 538.07 Td ( Plan ) Tj ET Q q 0 0 1 rg BT 285.42 538.07 Td (Appendix \(2015-2017\) \(*\)\(+\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 521.07 Td (10.5D) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 519.7333984375 m 439.3427734375 519.7333984375 l s q 0 0 1 rg BT 98.00 521.07 Td (CHS Inc. Long-T) Tj ET Q q 0 0 1 rg BT 167.57 521.07 Td (erm Incentive Plan XIV) Tj ET Q q 0 0 1 rg BT 263.19 521.07 Td ( Master Plan Document \(2016-2018\). \(*\)\(+\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 504.07 Td (10.5E) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 502.7333984375 m 401.3056640625 502.7333984375 l s q 0 0 1 rg BT 98.00 504.07 Td (CHS Inc. Long-T) Tj ET Q q 0 0 1 rg BT 167.57 504.07 Td (erm Incentive Plan XIV) Tj ET Q q 0 0 1 rg BT 263.19 504.07 Td ( Plan ) Tj ET Q q 0 0 1 rg BT 285.42 504.07 Td (Appendix \(2016-2018\)\(*\)\(+\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 487.07 Td (10.5F) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 485.7333984375 m 401.3056640625 485.7333984375 l s q 0 0 1 rg BT 98.00 487.07 Td (CHS Inc. Long-T) Tj ET Q q 0 0 1 rg BT 167.57 487.07 Td (erm Incentive Plan XIV) Tj ET Q q 0 0 1 rg BT 263.19 487.07 Td ( Plan ) Tj ET Q q 0 0 1 rg BT 285.42 487.07 Td (Appendix \(2017-2019\)\(*\)\(+\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 470.07 Td (10.5G) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 468.7333984375 m 401.3056640625 468.7333984375 l s q 0 0 1 rg BT 98.00 470.07 Td (CHS Inc. Long-T) Tj ET Q q 0 0 1 rg BT 167.57 470.07 Td (erm Incentive Plan XIV) Tj ET Q q 0 0 1 rg BT 263.19 470.07 Td ( Plan ) Tj ET Q q 0 0 1 rg BT 285.42 470.07 Td (Appendix \(2018-2020\)\(*\)\(+\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 455.07 Td (10.6) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 453.7333984375 m 551.7353515625 453.7333984375 l s q 0 0 1 rg BT 98.00 455.07 Td (CHS Inc. Nonemployee Director Retirement Plan. \(Incorporated by reference to our Form 10-Q for the quarterly ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 443.7333984375 m 303.87890625 443.7333984375 l s q 0 0 1 rg BT 98.00 445.07 Td (period ended May 31, 2010, filed July 8, 2010\). \(+\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 431.07 Td (10.7A) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 429.7333984375 m 560.353515625 429.7333984375 l s q 0 0 1 rg BT 98.00 431.07 Td (Amendment No. 1 to the Nonemployee Director Retirement Plan. \(Incorporated by reference to our Form 10-K for ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 419.7333984375 m 350.060546875 419.7333984375 l s q 0 0 1 rg BT 98.00 421.07 Td (the year ended ) Tj ET Q q 0 0 1 rg BT 158.25 421.07 Td (August 31, 201) Tj ET Q q 0 0 1 rg BT 219.27 421.07 Td (1, filed November 14, 201) Tj ET Q q 0 0 1 rg BT 324.43 421.07 Td (1\). \(+\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 407.07 Td (10.7B) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 405.7333984375 m 560.353515625 405.7333984375 l s q 0 0 1 rg BT 98.00 407.07 Td (Amendment No. 2 to the Nonemployee Director Retirement Plan. \(Incorporated by reference to our Form 10-K for ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 395.7333984375 m 345.802734375 395.7333984375 l s q 0 0 1 rg BT 98.00 397.07 Td (the year ended ) Tj ET Q q 0 0 1 rg BT 158.25 397.07 Td (August 31, 2012, filed November 7, 2012\). \(+\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 383.07 Td (10.8) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 381.7333984375 m 549.728515625 381.7333984375 l s q 0 0 1 rg BT 98.00 383.07 Td (T) Tj ET Q q 0 0 1 rg BT 103.76 383.07 Td (rust Under the CHS Inc. Nonemployee Director Retirement Plan. \(Incorporated by reference to our Form 10-Q ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 371.7333984375 m 371.349609375 371.7333984375 l s q 0 0 1 rg BT 98.00 373.07 Td (for the quarterly period ended May 31, 2010, filed July 8, 2010\). \(+\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 359.07 Td (10.9) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 357.7333984375 m 547.326171875 357.7333984375 l s q 0 0 1 rg BT 98.00 359.07 Td ($225,000,000 Note ) Tj ET Q q 0 0 1 rg BT 176.89 359.07 Td (Agreement \(Private Placement ) Tj ET Q q 0 0 1 rg BT 301.56 359.07 Td (Agreement\) dated as of June 19, 1998 among Cenex Harvest ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 347.7333984375 m 528.4150390625 347.7333984375 l s q 0 0 1 rg BT 98.00 349.07 Td (States Cooperatives and each of the Purchasers of the Notes. \(Incorporated by Reference to our Form 10-Q ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 337.7333984375 m 458.703125 337.7333984375 l s q 0 0 1 rg BT 98.00 339.07 Td (T) Tj ET Q q 0 0 1 rg BT 103.76 339.07 Td (ransition Report for the period June 1, 1998 to ) Tj ET Q q 0 0 1 rg BT 290.95 339.07 Td (August 31, 1998, filed October 14, 1998\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 325.07 Td (10.9A) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 323.7333984375 m 542.716796875 323.7333984375 l s q 0 0 1 rg BT 98.00 325.07 Td (First ) Tj ET Q q 0 0 1 rg BT 118.29 325.07 Td (Amendment to Note ) Tj ET Q q 0 0 1 rg BT 201.89 325.07 Td (Agreement \($225,000,000 Private Placement\), ef) Tj ET Q q 0 0 1 rg BT 398.03 325.07 Td (fective September 10, 2003, among ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 313.7333984375 m 558.107421875 313.7333984375 l s q 0 0 1 rg BT 98.00 315.07 Td (CHS Inc. and each of the Purchasers of the Notes. \(Incorporated by reference to our Form 10-K for the year ended ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 303.7333984375 m 275.75390625 303.7333984375 l s q 0 0 1 rg BT 98.00 305.07 Td (August 31, 2003, filed November 21, 2003\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 291.07 Td (10.10) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 289.7333984375 m 550.0703125 289.7333984375 l s q 0 0 1 rg BT 98.00 291.07 Td (Note Purchase ) Tj ET Q q 0 0 1 rg BT 157.99 291.07 Td (Agreement and Series D & E Senior Notes dated October 18, 2002. \(Incorporated by reference to ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 279.7333984375 m 413.21484375 279.7333984375 l s q 0 0 1 rg BT 98.00 281.07 Td (our Form 10-K for the year ended ) Tj ET Q q 0 0 1 rg BT 235.46 281.07 Td (August 31, 2002, filed November 25, 2002\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 267.07 Td (10.10A) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 265.7333984375 m 556.3984375 265.7333984375 l s q 0 0 1 rg BT 98.00 267.07 Td (Amendment No.1 to Note Purchase ) Tj ET Q q 0 0 1 rg BT 244.92 267.07 Td (Agreement dated as of June9, 201) Tj ET Q q 0 0 1 rg BT 383.12 267.07 Td (1, between CHS Inc. and the purchasers of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 255.7333984375 m 539.1572265625 255.7333984375 l s q 0 0 1 rg BT 98.00 257.07 Td (notes party thereto. \(Incorporated by reference to our Current Report on Form 8-K, filed September 1) Tj ET Q q 0 0 1 rg BT 503.33 257.07 Td (1, 2015\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 242.07 Td (10.10B) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 240.7333984375 m 525.1142578125 240.7333984375 l s q 0 0 1 rg BT 98.00 242.07 Td (Amendment No.2 to Note Purchase ) Tj ET Q q 0 0 1 rg BT 244.92 242.07 Td (Agreement dated as of September4, 2015, between CHS Inc. and the ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 230.7333984375 m 554.787109375 230.7333984375 l s q 0 0 1 rg BT 98.00 232.07 Td (purchasers of notes party thereto. \(Incorporated by reference to our Current Report on Form 8-K, filed September ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 220.7333984375 m 138.458984375 220.7333984375 l s q 0 0 1 rg BT 98.00 222.07 Td (1) Tj ET Q q 0 0 1 rg BT 102.63 222.07 Td (1, 2015\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 208.07 Td (10.11) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 206.7333984375 m 555.666015625 206.7333984375 l s q 0 0 1 rg BT 98.00 208.07 Td (Note Purchase and Private Shelf ) Tj ET Q q 0 0 1 rg BT 229.36 208.07 Td (Agreement between CHS Inc. and Prudential Capital Group dated as of ) Tj ET Q q 0 0 1 rg BT 517.06 208.07 Td (April 13, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 196.7333984375 m 543.146484375 196.7333984375 l s q 0 0 1 rg BT 98.00 198.07 Td (2004. \(Incorporated by reference to our Form 10-Q for the quarterly period ended May 31, 2004, filed July 12, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 186.7333984375 m 123.830078125 186.7333984375 l s q 0 0 1 rg BT 98.00 188.07 Td (2004\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 174.07 Td (10.11A) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 172.7333984375 m 560.96875 172.7333984375 l s q 0 0 1 rg BT 98.00 174.07 Td (Amendment No. 1 to Note Purchase and Private Shelf ) Tj ET Q q 0 0 1 rg BT 316.29 174.07 Td (Agreement dated ) Tj ET Q q 0 0 1 rg BT 386.82 174.07 Td (April 9, 2007, among CHS Inc., Prudential ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 162.7333984375 m 559.044921875 162.7333984375 l s q 0 0 1 rg BT 98.00 164.07 Td (Investment Management, Inc. and the Prudential ) Tj ET Q q 0 0 1 rg BT 294.61 164.07 Td (Af) Tj ET Q q 0 0 1 rg BT 304.98 164.07 Td (filiate parties. \(Incorporated by reference to our Form 10-Q for ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 152.7333984375 m 364.044921875 152.7333984375 l s q 0 0 1 rg BT 98.00 154.07 Td (the quarterly period ended February 28, 2007, filed ) Tj ET Q q 0 0 1 rg BT 304.61 154.07 Td (April 9, 2007\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 140.07 Td (10.11B) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 138.7333984375 m 549.865234375 138.7333984375 l s q 0 0 1 rg BT 98.00 140.07 Td (Amendment No. 2 to Note Purchase and Private Shelf ) Tj ET Q q 0 0 1 rg BT 316.29 140.07 Td (Agreement and Senior Series J Notes totaling $50 million ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 128.7333984375 m 554.171875 128.7333984375 l s q 0 0 1 rg BT 98.00 130.07 Td (issued February 8, 2008. \(Incorporated by reference to our Current Report on Form 8-K, filed February 1) Tj ET Q q 0 0 1 rg BT 518.34 130.07 Td (1, 2008\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 116.07 Td (10.11C) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 114.7333984375 m 561.2861328125 114.7333984375 l s q 0 0 1 rg BT 98.00 116.07 Td (Amendment No. 3 to Note Purchase and Private Shelf ) Tj ET Q q 0 0 1 rg BT 316.29 116.07 Td (Agreement, ef) Tj ET Q q 0 0 1 rg BT 373.30 116.07 Td (fective as of November 1, 2010. \(Incorporated ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 104.7333984375 m 524.6259765625 104.7333984375 l s q 0 0 1 rg BT 98.00 106.07 Td (by reference to our Form 10-Q for the quarterly period ended November 30, 2010, filed January 1) Tj ET Q q 0 0 1 rg BT 489.17 106.07 Td (1, 201) Tj ET Q q 0 0 1 rg BT 513.80 106.07 Td (1\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 92.07 Td (10.11D) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 90.7333984375 m 556.96484375 90.7333984375 l s q 0 0 1 rg BT 98.00 92.07 Td (Amendment No.4 to Note Purchase and Private Shelf ) Tj ET Q q 0 0 1 rg BT 316.29 92.07 Td (Agreement dated as of June 9, 201) Tj ET Q q 0 0 1 rg BT 454.49 92.07 Td (1, between CHS Inc. and ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 80.7333984375 m 551.4521484375 80.7333984375 l s q 0 0 1 rg BT 98.00 82.07 Td (the purchasers of notes party thereto. \(Incorporated by reference to our Form 10-K for the year ended ) Tj ET Q q 0 0 1 rg BT 505.06 82.07 Td (August 31, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 70.7333984375 m 229.3623046875 70.7333984375 l s q 0 0 1 rg BT 98.00 72.07 Td (2015, filed November 23, 2015\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 175 0 obj <>] /Rotate 0 /Contents 176 0 R>> endobj 176 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 739.07 Td (10.11E) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 737.7333984375 m 550.3828125 737.7333984375 l s q 0 0 1 rg BT 98.00 739.07 Td (Amendment No.5 to Note Purchase and Private Shelf ) Tj ET Q q 0 0 1 rg BT 316.29 739.07 Td (Agreement dated as of December 21, 2012, between CHS ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 727.7333984375 m 540.3193359375 727.7333984375 l s q 0 0 1 rg BT 98.00 729.07 Td (Inc. and the purchasers of notes party thereto. \(Incorporated by reference to our Form 10-K for the year ended ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 717.7333984375 m 275.75390625 717.7333984375 l s q 0 0 1 rg BT 98.00 719.07 Td (August 31, 2015, filed November 23, 2015\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 704.07 Td (10.11F) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 702.7333984375 m 547.0625 702.7333984375 l s q 0 0 1 rg BT 98.00 704.07 Td (Amendment No.6 to Note Purchase and Private Shelf ) Tj ET Q q 0 0 1 rg BT 316.29 704.07 Td (Agreement dated as of September4, 2015, between CHS ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 692.7333984375 m 556.447265625 692.7333984375 l s q 0 0 1 rg BT 98.00 694.07 Td (Inc. and the purchasers of notes party thereto. \(Incorporated by reference to our Current Report on Form 8-K filed ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 682.7333984375 m 196.22265625 682.7333984375 l s q 0 0 1 rg BT 98.00 684.07 Td (on September 1) Tj ET Q q 0 0 1 rg BT 160.39 684.07 Td (1, 2015\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 669.07 Td (10.12) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 667.7333984375 m 558.72265625 667.7333984375 l s q 0 0 1 rg BT 98.00 669.07 Td (Note Purchase ) Tj ET Q q 0 0 1 rg BT 157.99 669.07 Td (Agreement for Series H Senior Notes \($125,000,000 Private Placement\) dated September21, 2004. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 657.7333984375 m 460.109375 657.7333984375 l s q 0 0 1 rg BT 98.00 659.07 Td (\(Incorporated by reference to our Current Report on Form 8-K, filed September22, 2004\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 645.07 Td (10.13) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 643.7333984375 m 553.966796875 643.7333984375 l s q 0 0 1 rg BT 98.00 645.07 Td (CHS Inc. Deferred Compensation PlanMaster Plan Document\(2015 Restatement\). \(Incorporated by reference to ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 633.7333984375 m 439.4013671875 633.7333984375 l s q 0 0 1 rg BT 98.00 635.07 Td (our Form 10-Q for the quarterly period ended May 31, 2015, filed July 10, 2015\). \(+\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 621.07 Td (10.13A) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 619.7333984375 m 560.9150390625 619.7333984375 l s q 0 0 1 rg BT 98.00 621.07 Td (Amendment No. 1 to the CHS Inc. Deferred Compensation Plan \(2015 Restatement\). \(Incorporated by reference to ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 609.7333984375 m 434.4013671875 609.7333984375 l s q 0 0 1 rg BT 98.00 611.07 Td (our Form 10-Q for the quarterly period ended May 31, 2016, filed July 7, 2016\). \(+\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 597.07 Td (10.13B) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 595.7333984375 m 463 595.7333984375 l s q 0 0 1 rg BT 98.00 597.07 Td (Amendment No. 2 to the CHS Inc. Deferred Compensation Plan \(2015 Restatement\).\(*\)\(+\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 582.07 Td (10.14) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 580.7333984375 m 544.5185546875 580.7333984375 l s q 0 0 1 rg BT 98.00 582.07 Td (Beneficiary Designation Form for the CHS Inc. Deferred Compensation Plan \(Incorporated by reference to our ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 570.7333984375 m 412.1845703125 570.7333984375 l s q 0 0 1 rg BT 98.00 572.07 Td (Form 10-K for the year ended ) Tj ET Q q 0 0 1 rg BT 219.63 572.07 Td (August 31, 2009, filed November 10, 2009\). \(+\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 558.07 Td (10.15) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 556.7333984375 m 544.7578125 556.7333984375 l s q 0 0 1 rg BT 98.00 558.07 Td (New Plan Participants 201) Tj ET Q q 0 0 1 rg BT 204.00 558.07 Td (1 Plan ) Tj ET Q q 0 0 1 rg BT 231.23 558.07 Td (Agreement and Election Form for the CHS Inc. Deferred Compensation Plan. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 546.7333984375 m 545.939453125 546.7333984375 l s q 0 0 1 rg BT 98.00 548.07 Td (\(Incorporated by reference to our Registration Statement on Form S-8 \(File No. 333-177326\), filed October 14, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 536.7333984375 m 138.2587890625 536.7333984375 l s q 0 0 1 rg BT 98.00 538.07 Td (201) Tj ET Q q 0 0 1 rg BT 112.63 538.07 Td (1\). \(+\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 524.07 Td (10.16) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 522.7333984375 m 343.15625 522.7333984375 l s q 0 0 1 rg BT 98.00 524.07 Td (CHS Inc. Strategic Leadership ) Tj ET Q q 0 0 1 rg BT 222.51 524.07 Td (T) Tj ET Q q 0 0 1 rg BT 227.92 524.07 Td (eam Retention ) Tj ET Q q 0 0 1 rg BT 287.90 524.07 Td (A) Tj ET Q q 0 0 1 rg BT 294.21 524.07 Td (ward. \(*\)\(+\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 509.07 Td (10.17) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 507.7333984375 m 554.650390625 507.7333984375 l s q 0 0 1 rg BT 98.00 509.07 Td (Loan ) Tj ET Q q 0 0 1 rg BT 120.50 509.07 Td (Agreement \(T) Tj ET Q q 0 0 1 rg BT 176.16 509.07 Td (erm Loan\) between CHS Inc. and European Bank for Reconstruction and Development, dated ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 497.7333984375 m 516.30078125 497.7333984375 l s q 0 0 1 rg BT 98.00 499.07 Td (January 5, 201) Tj ET Q q 0 0 1 rg BT 156.23 499.07 Td (1. \(Incorporated by reference to our Current Report on Form 8-K, filed January 18, 201) Tj ET Q q 0 0 1 rg BT 505.47 499.07 Td (1\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 485.07 Td (10.18) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 483.7333984375 m 545.6513671875 483.7333984375 l s q 0 0 1 rg BT 98.00 485.07 Td (Revolving Loan ) Tj ET Q q 0 0 1 rg BT 164.66 485.07 Td (Agreement between CHS Inc. and European Bank for Reconstruction and Development, dated ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 473.7333984375 m 532.7802734375 473.7333984375 l s q 0 0 1 rg BT 98.00 475.07 Td (November 30, 2010. \(Incorporated by reference to our Current Report on Form 8-K, filed January 18, 201) Tj ET Q q 0 0 1 rg BT 521.95 475.07 Td (1\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 461.07 Td (10.19) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 459.7333984375 m 538.712890625 459.7333984375 l s q 0 0 1 rg BT 98.00 461.07 Td (Note Purchase ) Tj ET Q q 0 0 1 rg BT 157.99 461.07 Td (Agreement \($400,000,000 Private Placement\) and Series I Senior Notes dated as of October 4, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 449.7333984375 m 467.052734375 449.7333984375 l s q 0 0 1 rg BT 98.00 451.07 Td (2007. \(Incorporated by reference to our Current Report on Form 8-K filed October 4, 2007\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 437.07 Td (10.19A) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 435.7333984375 m 525.1142578125 435.7333984375 l s q 0 0 1 rg BT 98.00 437.07 Td (Amendment No.2 to Note Purchase ) Tj ET Q q 0 0 1 rg BT 244.92 437.07 Td (Agreement dated as of September4, 2015, between CHS Inc. and the ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 425.7333984375 m 554.787109375 425.7333984375 l s q 0 0 1 rg BT 98.00 427.07 Td (purchasers of notes party thereto. \(Incorporated by reference to our Current Report on Form 8-K, filed September ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 415.7333984375 m 138.458984375 415.7333984375 l s q 0 0 1 rg BT 98.00 417.07 Td (1) Tj ET Q q 0 0 1 rg BT 102.63 417.07 Td (1, 2015\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 403.07 Td (10.20) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 401.7333984375 m 527.94140625 401.7333984375 l s q 0 0 1 rg BT 98.00 403.07 Td (Agreement Regarding Distribution of ) Tj ET Q q 0 0 1 rg BT 250.19 403.07 Td (Assets, by and among CHS Inc., United Country Brands, LLC, Land ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 391.7333984375 m 537.5556640625 391.7333984375 l s q 0 0 1 rg BT 98.00 393.07 Td (OLakes, Inc. and ) Tj ET Q q 0 0 1 rg BT 171.96 393.07 Td (W) Tj ET Q q 0 0 1 rg BT 180.99 393.07 Td (infield Solutions, LLC, made as of September 4, 2007. \(Incorporated by reference to our ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 381.7333984375 m 397.384765625 381.7333984375 l s q 0 0 1 rg BT 98.00 383.07 Td (Form 10-K for the year ended ) Tj ET Q q 0 0 1 rg BT 219.63 383.07 Td (August 31, 2007, filed November 20, 2007\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 369.07 Td (10.21) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 367.7333984375 m 552.6044921875 367.7333984375 l s q 0 0 1 rg BT 98.00 369.07 Td ($150 Million ) Tj ET Q q 0 0 1 rg BT 152.82 369.07 Td (T) Tj ET Q q 0 0 1 rg BT 158.23 369.07 Td (erm Loan Credit ) Tj ET Q q 0 0 1 rg BT 226.27 369.07 Td (Agreement by and between CHS Inc., CoBank, ) Tj ET Q q 0 0 1 rg BT 417.90 369.07 Td (ACB and the Syndication Parties ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 357.7333984375 m 548.146484375 357.7333984375 l s q 0 0 1 rg BT 98.00 359.07 Td (dated as of December 12, 2007. \(Incorporated by reference to our Registration Statement on FormS-1 \(File No. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 347.7333984375 m 259.8994140625 347.7333984375 l s q 0 0 1 rg BT 98.00 349.07 Td (333-148091\), filed December 14, 2007\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 335.07 Td (10.21A) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 333.7333984375 m 555.1142578125 333.7333984375 l s q 0 0 1 rg BT 98.00 335.07 Td (First ) Tj ET Q q 0 0 1 rg BT 118.29 335.07 Td (Amendment to $150 Million ) Tj ET Q q 0 0 1 rg BT 235.32 335.07 Td (T) Tj ET Q q 0 0 1 rg BT 240.73 335.07 Td (erm Loan Credit ) Tj ET Q q 0 0 1 rg BT 308.77 335.07 Td (Agreement by and between CHS Inc., CoBank, ) Tj ET Q q 0 0 1 rg BT 500.40 335.07 Td (ACB and the ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 323.7333984375 m 557.580078125 323.7333984375 l s q 0 0 1 rg BT 98.00 325.07 Td (Syndication Parties dated as of May 1, 2008. \(Incorporated by reference to our Form 10-Q for the quarterly period ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 313.7333984375 m 266.0322265625 313.7333984375 l s q 0 0 1 rg BT 98.00 315.07 Td (ended May 31, 2008, filed July 10, 2008\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 301.07 Td (10.21B) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 299.7333984375 m 551.49609375 299.7333984375 l s q 0 0 1 rg BT 98.00 301.07 Td (Second ) Tj ET Q q 0 0 1 rg BT 129.39 301.07 Td (Amendment to $150 Million ) Tj ET Q q 0 0 1 rg BT 246.42 301.07 Td (T) Tj ET Q q 0 0 1 rg BT 251.83 301.07 Td (erm Loan Credit ) Tj ET Q q 0 0 1 rg BT 319.87 301.07 Td (Agreement by and between CHS Inc., CoBank, ) Tj ET Q q 0 0 1 rg BT 511.50 301.07 Td (ACB and ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 289.7333984375 m 549.54296875 289.7333984375 l s q 0 0 1 rg BT 98.00 291.07 Td (the Syndication Parties dated as of June 2, 2010. \(Incorporated by reference to our Current Report on Form 8-K, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 279.7333984375 m 175.4853515625 279.7333984375 l s q 0 0 1 rg BT 98.00 281.07 Td (filed June 3, 2010\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 267.07 Td (10.21C) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 264.8333984374999 m 539.5966796875 264.8333984374999 l s q 0 0 1 rg BT 98.00 266.17 Td (Fifth ) Tj ET Q q 0 0 1 rg BT 119.40 266.17 Td (Amendment and ) Tj ET Q q 0 0 1 rg BT 188.09 266.17 Td (W) Tj ET Q q 0 0 1 rg BT 196.73 266.17 Td (aiver) Tj ET Q q 0 0 1 rg BT 216.31 266.17 Td (, dated as of September4, 2015, to that certain Credit ) Tj ET Q q 0 0 1 rg BT 431.81 266.17 Td (Agreement \(10-Y) Tj ET Q q 0 0 1 rg BT 501.61 266.17 Td (ear ) Tj ET Q q 0 0 1 rg BT 516.14 266.17 Td (T) Tj ET Q q 0 0 1 rg BT 521.55 266.17 Td (erm ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 254.8333984374999 m 558.4443359375 254.8333984374999 l s q 0 0 1 rg BT 98.00 256.17 Td (Loan\), dated as of December12, 2007, by and between CHS Inc., CoBank, ) Tj ET Q q 0 0 1 rg BT 400.98 256.17 Td (ACB, as a syndication party and as the ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 244.8333984374999 m 551.740234375 244.8333984374999 l s q 0 0 1 rg BT 98.00 246.17 Td (administrative agent for the benefit of all present and future syndication parties, and the other syndication parties ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 234.8333984374999 m 518.048828125 234.8333984374999 l s q 0 0 1 rg BT 98.00 236.17 Td (party thereto. \(Incorporated by reference to our Current Report on Form 8-K, filed September 1) Tj ET Q q 0 0 1 rg BT 479.72 236.17 Td (1, 2015\). ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 222.07 Td (10.22) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 220.7333984375 m 536.955078125 220.7333984375 l s q 0 0 1 rg BT 98.00 222.07 Td (Amended and Restated Loan Origination and Participation ) Tj ET Q q 0 0 1 rg BT 334.88 222.07 Td (Agreement dated as of September1, 201) Tj ET Q q 0 0 1 rg BT 497.52 222.07 Td (1, by and ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 210.7333984375 m 540.978515625 210.7333984375 l s q 0 0 1 rg BT 98.00 212.07 Td (among ) Tj ET Q q 0 0 1 rg BT 127.17 212.07 Td (AgStar Financial Services, PCA, d/b/a ProPartners Financial, and CHS Capital, LLC. \(Incorporated by ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 200.7333984375 m 462.43359375 200.7333984375 l s q 0 0 1 rg BT 98.00 202.07 Td (reference to our Form 10-K for the year ended ) Tj ET Q q 0 0 1 rg BT 285.42 202.07 Td (August 31, 201) Tj ET Q q 0 0 1 rg BT 346.44 202.07 Td (1, filed November 14, 201) Tj ET Q q 0 0 1 rg BT 451.60 202.07 Td (1\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 188.07 Td (10.22A) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 186.7333984375 m 514.005859375 186.7333984375 l s q 0 0 1 rg BT 98.00 188.07 Td (Amendment No. 1 to ) Tj ET Q q 0 0 1 rg BT 184.38 188.07 Td (Amended and Restated Loan Origination and Participation ) Tj ET Q q 0 0 1 rg BT 421.27 188.07 Td (Agreement dated as of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 176.7333984375 m 557.0087890625 176.7333984375 l s q 0 0 1 rg BT 98.00 178.07 Td (September1, 201) Tj ET Q q 0 0 1 rg BT 167.89 178.07 Td (1, by and among ) Tj ET Q q 0 0 1 rg BT 236.50 178.07 Td (AgStar Financial Services, PCA, d/b/a ProPartners Financial, and CHS Capital, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 166.7333984375 m 551.4765625 166.7333984375 l s q 0 0 1 rg BT 98.00 168.07 Td (LLC. \(Incorporated by reference to our Form 10-K for the year ended ) Tj ET Q q 0 0 1 rg BT 378.72 168.07 Td (August 31, 2012, filed November 7, 2012\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 154.07 Td (10.22B) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 152.7333984375 m 559.26953125 152.7333984375 l s q 0 0 1 rg BT 98.00 154.07 Td (Amendment No. 2 to ) Tj ET Q q 0 0 1 rg BT 184.38 154.07 Td (Amended and Restated Loan Origination and Participation ) Tj ET Q q 0 0 1 rg BT 421.27 154.07 Td (Agreement dated as of September ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 142.7333984375 m 535.6318359375 142.7333984375 l s q 0 0 1 rg BT 98.00 144.07 Td (1, 201) Tj ET Q q 0 0 1 rg BT 122.63 144.07 Td (1, by and among ) Tj ET Q q 0 0 1 rg BT 191.23 144.07 Td (AgStar Financial Services, PCA, d/b/a ProPartners Financial, and CHS Capital, LLC. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 132.7333984375 m 543.9765625 132.7333984375 l s q 0 0 1 rg BT 98.00 134.07 Td (\(Incorporated by reference to our Form 10-Q for the quarterly period ended May 31, 2017, filed July 14, 2017\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 120.07 Td (10.22C) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 118.7333984375 m 559.26953125 118.7333984375 l s q 0 0 1 rg BT 98.00 120.07 Td (Amendment No. 3 to ) Tj ET Q q 0 0 1 rg BT 184.38 120.07 Td (Amended and Restated Loan Origination and Participation ) Tj ET Q q 0 0 1 rg BT 421.27 120.07 Td (Agreement dated as of September ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 108.7333984375 m 535.6318359375 108.7333984375 l s q 0 0 1 rg BT 98.00 110.07 Td (1, 201) Tj ET Q q 0 0 1 rg BT 122.63 110.07 Td (1, by and among ) Tj ET Q q 0 0 1 rg BT 191.23 110.07 Td (AgStar Financial Services, PCA, d/b/a ProPartners Financial, and CHS Capital, LLC. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 98.7333984375 m 543.9765625 98.7333984375 l s q 0 0 1 rg BT 98.00 100.07 Td (\(Incorporated by reference to our Form 10-Q for the quarterly period ended May 31, 2017, filed July 14, 2017\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 86.07 Td (10.22D) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 84.7333984375 m 559.26953125 84.7333984375 l s q 0 0 1 rg BT 98.00 86.07 Td (Amendment No. 4 to ) Tj ET Q q 0 0 1 rg BT 184.38 86.07 Td (Amended and Restated Loan Origination and Participation ) Tj ET Q q 0 0 1 rg BT 421.27 86.07 Td (Agreement dated as of September ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 74.7333984375 m 535.6318359375 74.7333984375 l s q 0 0 1 rg BT 98.00 76.07 Td (1, 201) Tj ET Q q 0 0 1 rg BT 122.63 76.07 Td (1, by and among ) Tj ET Q q 0 0 1 rg BT 191.23 76.07 Td (AgStar Financial Services, PCA, d/b/a ProPartners Financial, and CHS Capital, LLC. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 64.7333984375 m 543.9765625 64.7333984375 l s q 0 0 1 rg BT 98.00 66.07 Td (\(Incorporated by reference to our Form 10-Q for the quarterly period ended May 31, 2017, filed July 14, 2017\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 177 0 obj <>] /Rotate 0 /Contents 178 0 R>> endobj 178 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 739.07 Td (10.23) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 737.7333984375 m 513.9375 737.7333984375 l s q 0 0 1 rg BT 98.00 739.07 Td (Stock ) Tj ET Q q 0 0 1 rg BT 123.10 739.07 Td (T) Tj ET Q q 0 0 1 rg BT 128.85 739.07 Td (ransfer ) Tj ET Q q 0 0 1 rg BT 158.56 739.07 Td (Agreement, dated as of November 17, 201) Tj ET Q q 0 0 1 rg BT 328.14 739.07 Td (1, between CHS Inc. and GROWMARK, Inc. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 727.7333984375 m 555.7099609375 727.7333984375 l s q 0 0 1 rg BT 98.00 729.07 Td (\(Incorporated by reference to our Form 10-Q for the quarterly period ended November 30, 201) Tj ET Q q 0 0 1 rg BT 476.66 729.07 Td (1, filed January 1) Tj ET Q q 0 0 1 rg BT 545.71 729.07 Td (1, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 717.7333984375 m 123.830078125 717.7333984375 l s q 0 0 1 rg BT 98.00 719.07 Td (2012\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 705.07 Td (10.24) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 703.7333984375 m 512.0087890625 703.7333984375 l s q 0 0 1 rg BT 98.00 705.07 Td (Stock ) Tj ET Q q 0 0 1 rg BT 123.10 705.07 Td (T) Tj ET Q q 0 0 1 rg BT 128.85 705.07 Td (ransfer ) Tj ET Q q 0 0 1 rg BT 158.56 705.07 Td (Agreement, dated as of November 17, 201) Tj ET Q q 0 0 1 rg BT 328.14 705.07 Td (1, between CHS Inc. and MF) Tj ET Q q 0 0 1 rg BT 444.32 705.07 Td (A) Tj ET Q q 0 0 1 rg BT 450.99 705.07 Td ( Oil Company) Tj ET Q q 0 0 1 rg BT 507.01 705.07 Td (. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 693.7333984375 m 555.7099609375 693.7333984375 l s q 0 0 1 rg BT 98.00 695.07 Td (\(Incorporated by reference to our Form 10-Q for the quarterly period ended November 30, 201) Tj ET Q q 0 0 1 rg BT 476.66 695.07 Td (1, filed January 1) Tj ET Q q 0 0 1 rg BT 545.71 695.07 Td (1, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 683.7333984375 m 123.830078125 683.7333984375 l s q 0 0 1 rg BT 98.00 685.07 Td (2012\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 671.07 Td (10.25) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 669.7333984375 m 544.8359375 669.7333984375 l s q 0 0 1 rg BT 98.00 671.07 Td (Amended and Restated Limited Liability Company ) Tj ET Q q 0 0 1 rg BT 305.18 671.07 Td (Agreement, dated February 1, 2012, between CHS Inc. and ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 659.7333984375 m 539.62109375 659.7333984375 l s q 0 0 1 rg BT 98.00 661.07 Td (Car) Tj ET Q q 0 0 1 rg BT 112.26 661.07 Td (gill, Incorporated. \(Incorporated by reference to our Current Report on Form 8-K, filed February 1, 2012\). ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 647.07 Td (10.26) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 645.7333984375 m 550.080078125 645.7333984375 l s q 0 0 1 rg BT 98.00 647.07 Td (Note Purchase ) Tj ET Q q 0 0 1 rg BT 157.99 647.07 Td (Agreement between CHS Inc. and certain accredited investors \($500,000,000\) dated as of June 9, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 635.7333984375 m 459.93359375 635.7333984375 l s q 0 0 1 rg BT 98.00 637.07 Td (201) Tj ET Q q 0 0 1 rg BT 112.63 637.07 Td (1. \(Incorporated by reference to our Current Report on Form 8-K, filed June 13, 201) Tj ET Q q 0 0 1 rg BT 449.10 637.07 Td (1\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 623.07 Td (10.26A) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 621.7333984375 m 525.1142578125 621.7333984375 l s q 0 0 1 rg BT 98.00 623.07 Td (Amendment No.1 to Note Purchase ) Tj ET Q q 0 0 1 rg BT 244.92 623.07 Td (Agreement dated as of September4, 2015, between CHS Inc. and the ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 611.7333984375 m 554.787109375 611.7333984375 l s q 0 0 1 rg BT 98.00 613.07 Td (purchasers of notes party thereto. \(Incorporated by reference to our Current Report on Form 8-K, filed September ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 601.7833984375002 m 138.458984375 601.7833984375002 l s q 0 0 1 rg BT 98.00 603.12 Td (1) Tj ET Q q 0 0 1 rg BT 102.63 603.12 Td (1, 2015\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 592.07 Td (10.27) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 590.7333984375 m 550.763671875 590.7333984375 l s q 0 0 1 rg BT 98.00 592.07 Td (Joint venture agreement among CHS Inc., Car) Tj ET Q q 0 0 1 rg BT 282.77 592.07 Td (gill, Incorporated, and ConAgra Foods, Inc., dated March 4, 2013. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 580.7333984375 m 543.9765625 580.7333984375 l s q 0 0 1 rg BT 98.00 582.07 Td (\(Incorporated by reference to our Form 10-Q for the quarterly period ended May 31, 2013, filed July 10, 2013\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 568.07 Td (10.27A) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 566.7333984375 m 561.046875 566.7333984375 l s q 0 0 1 rg BT 98.00 568.07 Td (Amendment No. 1 to the joint venture agreement among CHS Inc., Car) Tj ET Q q 0 0 1 rg BT 383.31 568.07 Td (gill Incorporated, and ConAgra Foods, Inc., ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 556.7333984375 m 534.2646484375 556.7333984375 l s q 0 0 1 rg BT 98.00 558.07 Td (dated ) Tj ET Q q 0 0 1 rg BT 121.60 558.07 Td (April 30, 2013. \(Incorporated by reference to our Form 10-K for the year ended ) Tj ET Q q 0 0 1 rg BT 442.05 558.07 Td (August 31, 2015, filed ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 546.7333984375 m 183.537109375 546.7333984375 l s q 0 0 1 rg BT 98.00 548.07 Td (November 23, 2015\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 533.07 Td (10.27B) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 531.7333984375 m 561.046875 531.7333984375 l s q 0 0 1 rg BT 98.00 533.07 Td (Amendment No. 2 to the joint venture agreement among CHS Inc., Car) Tj ET Q q 0 0 1 rg BT 383.31 533.07 Td (gill Incorporated, and ConAgra Foods, Inc., ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 521.7333984375 m 532.0380859375 521.7333984375 l s q 0 0 1 rg BT 98.00 523.07 Td (dated May 31, 2013. \(Incorporated by reference to our Form 10-K for the year ended ) Tj ET Q q 0 0 1 rg BT 439.82 523.07 Td (August 31, 2015, filed ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 511.7333984375 m 183.537109375 511.7333984375 l s q 0 0 1 rg BT 98.00 513.07 Td (November 23, 2015\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 498.07 Td (10.27C) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 496.7333984375 m 561.046875 496.7333984375 l s q 0 0 1 rg BT 98.00 498.07 Td (Amendment No. 3 to the joint venture agreement among CHS Inc., Car) Tj ET Q q 0 0 1 rg BT 383.31 498.07 Td (gill Incorporated, and ConAgra Foods, Inc., ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 486.7333984375 m 530.3779296875 486.7333984375 l s q 0 0 1 rg BT 98.00 488.07 Td (dated July 24, 2013. \(Incorporated by reference to our Form 10-K for the year ended ) Tj ET Q q 0 0 1 rg BT 438.16 488.07 Td (August 31, 2015, filed ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 476.7333984375 m 183.537109375 476.7333984375 l s q 0 0 1 rg BT 98.00 478.07 Td (November 23, 2015\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 463.07 Td (10.27D) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 461.7333984375 m 561.046875 461.7333984375 l s q 0 0 1 rg BT 98.00 463.07 Td (Amendment No. 4 to the joint venture agreement among CHS Inc., Car) Tj ET Q q 0 0 1 rg BT 383.31 463.07 Td (gill Incorporated, and ConAgra Foods, Inc., ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 451.7333984375 m 548.673828125 451.7333984375 l s q 0 0 1 rg BT 98.00 453.07 Td (dated March 27, 2014. \(Incorporated by reference to our Form 10-Q for the quarterly period ended February 28, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 441.7333984375 m 202.7119140625 441.7333984375 l s q 0 0 1 rg BT 98.00 443.07 Td (2014, filed ) Tj ET Q q 0 0 1 rg BT 143.27 443.07 Td (April 3, 2014\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 428.07 Td (10.27E) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 426.7333984375 m 561.046875 426.7333984375 l s q 0 0 1 rg BT 98.00 428.07 Td (Amendment No. 5 to the joint venture agreement among CHS Inc., Car) Tj ET Q q 0 0 1 rg BT 383.31 428.07 Td (gill Incorporated, and ConAgra Foods, Inc., ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 416.7333984375 m 548.13671875 416.7333984375 l s q 0 0 1 rg BT 98.00 418.07 Td (dated May 25, 2014. \(Incorporated by reference to our Form 10-Q for the quarterly period ended May 31, 2014, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 406.7333984375 m 173.8251953125 406.7333984375 l s q 0 0 1 rg BT 98.00 408.07 Td (filed July 9, 2014\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 393.07 Td (10.28) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 391.7333984375 m 551.623046875 391.7333984375 l s q 0 0 1 rg BT 98.00 393.07 Td (Resolutions ) Tj ET Q q 0 0 1 rg BT 147.17 393.07 Td (Amending the Long-T) Tj ET Q q 0 0 1 rg BT 236.46 393.07 Td (erm Incentive Plan. \(Incorporated by reference to our Current Report on Form ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 381.7333984375 m 235.2705078125 381.7333984375 l s q 0 0 1 rg BT 98.00 383.07 Td (8-K, filed September 3, 2013\). \(+\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 369.07 Td (10.29) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 367.7333984375 m 545.666015625 367.7333984375 l s q 0 0 1 rg BT 98.00 369.07 Td (Pre-Export Credit ) Tj ET Q q 0 0 1 rg BT 171.32 369.07 Td (Agreement dated as of September 24, 2013 between CHS ) Tj ET Q q 0 0 1 rg BT 404.04 369.07 Td (Agronegocio Industria e Comercio ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 357.7333984375 m 556.7939453125 357.7333984375 l s q 0 0 1 rg BT 98.00 359.07 Td (Ltda., as borrower) Tj ET Q q 0 0 1 rg BT 170.91 359.07 Td (, CHS Inc., as guarantor) Tj ET Q q 0 0 1 rg BT 266.87 359.07 Td (, and Credit ) Tj ET Q q 0 0 1 rg BT 315.75 359.07 Td (Agricole Corporate and Investment Bank \(Credit ) Tj ET Q q 0 0 1 rg BT 513.48 359.07 Td (Agricole\), ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 347.7333984375 m 541.212890625 347.7333984375 l s q 0 0 1 rg BT 98.00 349.07 Td (as administrative agent, Credit ) Tj ET Q q 0 0 1 rg BT 222.14 349.07 Td (Agricole and Merrill L) Tj ET Q q 0 0 1 rg BT 312.94 349.07 Td (ynch, Pierce, Fenner & Smith Incorporated, as joint lead ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 337.7333984375 m 537.86328125 337.7333984375 l s q 0 0 1 rg BT 98.00 339.07 Td (arrangers and joint bookrunners, and the other syndication parties thereto from time to time. \(Incorporated by ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 327.7333984375 m 375.138671875 327.7333984375 l s q 0 0 1 rg BT 98.00 329.07 Td (reference to our Current Report on Form 8-K, filed October 4, 2013\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 315.07 Td (10.29A) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 313.7333984375 m 560.138671875 313.7333984375 l s q 0 0 1 rg BT 98.00 315.07 Td (First ) Tj ET Q q 0 0 1 rg BT 118.29 315.07 Td (Amendment to Pre-Export Credit ) Tj ET Q q 0 0 1 rg BT 253.82 315.07 Td (Agreement dated as of October 9, 2015, among CHS ) Tj ET Q q 0 0 1 rg BT 467.38 315.07 Td (Agronegocio Industria ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 303.7333984375 m 528.46875 303.7333984375 l s q 0 0 1 rg BT 98.00 305.07 Td (e Comercio Ltda., as borrower) Tj ET Q q 0 0 1 rg BT 219.78 305.07 Td (, CHS Inc., as guarantor) Tj ET Q q 0 0 1 rg BT 315.74 305.07 Td (, Credit ) Tj ET Q q 0 0 1 rg BT 347.69 305.07 Td (Agricole Corporate and Investment Bank, as ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 293.7333984375 m 560.5927734375 293.7333984375 l s q 0 0 1 rg BT 98.00 295.07 Td (administrative agent, and the lenders party thereto. \(Incorporated by reference to our Form 10-K for the year ended ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 283.7833984375002 m 275.75390625 283.7833984375002 l s q 0 0 1 rg BT 98.00 285.12 Td (August 31, 2015, filed November 23, 2015\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 273.07 Td (10.30) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 271.7333984375 m 546.505859375 271.7333984375 l s q 0 0 1 rg BT 98.00 273.07 Td (Amended and Restated Supply ) Tj ET Q q 0 0 1 rg BT 223.54 273.07 Td (Agreement dated as of December 18, 2015 between CHS Inc. and CF Industries ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 261.7333984375 m 544.5234375 261.7333984375 l s q 0 0 1 rg BT 98.00 263.07 Td (Nitrogen LLC. \(Incorporated by reference to our Current Report on Form 8-K, filed December 21, 2015\). \(***\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 247.07 Td (10.31) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 245.7333984375 m 547.7119140625 245.7333984375 l s q 0 0 1 rg BT 98.00 247.07 Td (2015 ) Tj ET Q q 0 0 1 rg BT 119.95 247.07 Td (Amended and Restated Credit ) Tj ET Q q 0 0 1 rg BT 242.14 247.07 Td (Agreement \(5-Y) Tj ET Q q 0 0 1 rg BT 306.95 247.07 Td (ear Revolving Loan\) dated as of September4, 2015, by and ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 235.7333984375 m 537.0576171875 235.7333984375 l s q 0 0 1 rg BT 98.00 237.07 Td (between CHS Inc., CoBank, ) Tj ET Q q 0 0 1 rg BT 213.26 237.07 Td (ACB, as a syndication party and as the administrative agent for the benefit of all ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 225.7333984375 m 558.9423828125 225.7333984375 l s q 0 0 1 rg BT 98.00 227.07 Td (present and future syndication parties, ) Tj ET Q q 0 0 1 rg BT 252.77 227.07 Td (W) Tj ET Q q 0 0 1 rg BT 261.41 227.07 Td (ells Far) Tj ET Q q 0 0 1 rg BT 290.94 227.07 Td (go Bank, National ) Tj ET Q q 0 0 1 rg BT 365.93 227.07 Td (Association, as syndication agent, and the other ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 215.7333984375 m 552.8486328125 215.7333984375 l s q 0 0 1 rg BT 98.00 217.07 Td (syndication parties party thereto. \(Incorporated by reference to our Current Report on Form 8-K, filed September ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 205.7333984375 m 138.458984375 205.7333984375 l s q 0 0 1 rg BT 98.00 207.07 Td (1) Tj ET Q q 0 0 1 rg BT 102.63 207.07 Td (1, 2015\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 192.07 Td (10.32) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 190.7333984375 m 552.94140625 190.7333984375 l s q 0 0 1 rg BT 98.00 192.07 Td (2015 Credit ) Tj ET Q q 0 0 1 rg BT 147.44 192.07 Td (Agreement \(10-Y) Tj ET Q q 0 0 1 rg BT 217.25 192.07 Td (ear ) Tj ET Q q 0 0 1 rg BT 231.77 192.07 Td (T) Tj ET Q q 0 0 1 rg BT 237.18 192.07 Td (erm Loan\) dated as of September4, 2015, by and between CHS Inc., CoBank, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 180.7333984375 m 545.08984375 180.7333984375 l s q 0 0 1 rg BT 98.00 182.07 Td (ACB, as a syndication party and as the administrative agent for the benefit of all present and future syndication ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 170.7333984375 m 552.5654296875 170.7333984375 l s q 0 0 1 rg BT 98.00 172.07 Td (parties, and the other syndication parties party thereto. \(Incorporated by reference to our Current Report on Form ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 160.7333984375 m 225.099609375 160.7333984375 l s q 0 0 1 rg BT 98.00 162.07 Td (8-K, filed September 1) Tj ET Q q 0 0 1 rg BT 189.27 162.07 Td (1, 2015\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 147.07 Td (10.32A) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 145.7333984375 m 545.44140625 145.7333984375 l s q 0 0 1 rg BT 98.00 147.07 Td (Amendment No. 1 to 2015 Credit ) Tj ET Q q 0 0 1 rg BT 234.38 147.07 Td (Agreement. \(10-Y) Tj ET Q q 0 0 1 rg BT 306.68 147.07 Td (ear ) Tj ET Q q 0 0 1 rg BT 321.21 147.07 Td (T) Tj ET Q q 0 0 1 rg BT 326.62 147.07 Td (erm Loan\), dated as of June 30, 2016, by and between ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 135.7333984375 m 549.5576171875 135.7333984375 l s q 0 0 1 rg BT 98.00 137.07 Td (CHS Inc., CoBank, ) Tj ET Q q 0 0 1 rg BT 177.45 137.07 Td (ACB, as a syndication party and as the administrative agent for the benefit of all present and ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 125.7333984375 m 552.287109375 125.7333984375 l s q 0 0 1 rg BT 98.00 127.07 Td (future syndication parties, and the other syndication parties thereto. \(Incorporated by reference to our Form 10-Q ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 115.7333984375 m 356.5498046875 115.7333984375 l s q 0 0 1 rg BT 98.00 117.07 Td (for the quarterly period ended May 31, 2016, filed July 7, 2016\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 102.07 Td (10.33) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 100.7333984375 m 545.099609375 100.7333984375 l s q 0 0 1 rg BT 98.00 102.07 Td (Note Purchase ) Tj ET Q q 0 0 1 rg BT 157.99 102.07 Td (Agreement, dated as of January 14, 2016, among CHS Inc. and each of the Purchasers signatory ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 90.7333984375 m 481.2080078125 90.7333984375 l s q 0 0 1 rg BT 98.00 92.07 Td (thereto. \(Incorporated by reference to our Current Report on Form 8-K, filed January 21, 2016\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 76.07 Td (10.34) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 74.7333984375 m 537.6630859375 74.7333984375 l s q 0 0 1 rg BT 98.00 76.07 Td (Sale and Contribution ) Tj ET Q q 0 0 1 rg BT 187.72 76.07 Td (Agreement, dated as of July 22, 2016, by and among CHS Inc., CHS Capital, LLC and ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 64.7333984375 m 538.99609375 64.7333984375 l s q 0 0 1 rg BT 98.00 66.07 Td (Cofina Funding, LLC. \(Incorporated by reference to our Form 10-K for the year ended ) Tj ET Q q 0 0 1 rg BT 446.78 66.07 Td (August 31, 2016, filed ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 54.7333984375 m 178.537109375 54.7333984375 l s q 0 0 1 rg BT 98.00 56.07 Td (November 3, 2016\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 179 0 obj <>] /Rotate 0 /Contents 180 0 R>> endobj 180 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 738.07 Td (10.34A) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 736.7333984375 m 550.32421875 736.7333984375 l s q 0 0 1 rg BT 98.00 738.07 Td (Omnibus ) Tj ET Q q 0 0 1 rg BT 136.62 738.07 Td (Amendment No. 1, dated as of February 14, 2017, by and among Cofina Funding, LLC, as seller) Tj ET Q q 0 0 1 rg BT 523.37 738.07 Td (, CHS ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 726.7333984375 m 533.7470703125 726.7333984375 l s q 0 0 1 rg BT 98.00 728.07 Td (Inc., as servicer and as an originator) Tj ET Q q 0 0 1 rg BT 241.98 728.07 Td (, CHS Capital, LLC, as an originator) Tj ET Q q 0 0 1 rg BT 388.51 728.07 Td (, the conduit purchasers, committed ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 716.7333984375 m 555.626953125 716.7333984375 l s q 0 0 1 rg BT 98.00 718.07 Td (purchasers and purchaser agents set forth on the signature pages thereto, the Bank of ) Tj ET Q q 0 0 1 rg BT 438.54 718.07 Td (T) Tj ET Q q 0 0 1 rg BT 443.95 718.07 Td (okyo-Mitsubishi UFJ, Ltd., ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 706.7333984375 m 545.12890625 706.7333984375 l s q 0 0 1 rg BT 98.00 708.07 Td (New ) Tj ET Q q 0 0 1 rg BT 119.01 708.07 Td (Y) Tj ET Q q 0 0 1 rg BT 125.23 708.07 Td (ork Branch, as administrative agent, and U.S. Bank National ) Tj ET Q q 0 0 1 rg BT 369.34 708.07 Td (Association, as custodian. \(Incorporated by ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 696.7333984375 m 359.8603515625 696.7333984375 l s q 0 0 1 rg BT 98.00 698.07 Td (reference to our Current Report on 8-K, filed February 15, 2017\).) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 683.07 Td (10.34B) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 680.8333984374999 m 551.1640625 680.8333984374999 l s q 0 0 1 rg BT 98.00 682.17 Td (Omnibus ) Tj ET Q q 0 0 1 rg BT 136.62 682.17 Td (Amendment No. 2, dated as of July 18, 2017, by and among Cofina Funding, LLC, as seller) Tj ET Q q 0 0 1 rg BT 503.94 682.17 Td (, CHS Inc., ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 670.8333984374999 m 558.7373046875 670.8333984374999 l s q 0 0 1 rg BT 98.00 672.17 Td (as servicer and as an originator) Tj ET Q q 0 0 1 rg BT 221.72 672.17 Td (, CHS Capital, LLC, as an originator) Tj ET Q q 0 0 1 rg BT 368.24 672.17 Td (, the conduit purchasers, committed purchasers ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 660.8333984374999 m 553.4296875 660.8333984374999 l s q 0 0 1 rg BT 98.00 662.17 Td (and purchaser agents set forth on the signature pages thereto, the Bank of ) Tj ET Q q 0 0 1 rg BT 393.28 662.17 Td (T) Tj ET Q q 0 0 1 rg BT 398.69 662.17 Td (okyo-Mitsubishi UFJ, Ltd., New ) Tj ET Q q 0 0 1 rg BT 531.38 662.17 Td (Y) Tj ET Q q 0 0 1 rg BT 537.60 662.17 Td (ork ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 650.8333984374999 m 444.3134765625 650.8333984374999 l s q 0 0 1 rg BT 98.00 652.17 Td (Branch, as administrative agent, and U.S. Bank National ) Tj ET Q q 0 0 1 rg BT 326.28 652.17 Td (Association, as custodian. \(*\)) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 638.07 Td (10.35) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 636.7333984375 m 545.83203125 636.7333984375 l s q 0 0 1 rg BT 98.00 638.07 Td (Receivables Financing ) Tj ET Q q 0 0 1 rg BT 190.75 638.07 Td (Agreement dated July 22, 2016, by and among CHS Inc., individually and as a Servicer) Tj ET Q q 0 0 1 rg BT 540.83 638.07 Td (, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 626.7333984375 m 558.9375 626.7333984375 l s q 0 0 1 rg BT 98.00 628.07 Td (Cofina Funding, LLC, as Seller) Tj ET Q q 0 0 1 rg BT 223.70 628.07 Td (, ) Tj ET Q q 0 0 1 rg BT 228.52 628.07 Td (V) Tj ET Q q 0 0 1 rg BT 235.14 628.07 Td (ictory Receivables Corporation and Nieuw ) Tj ET Q q 0 0 1 rg BT 408.15 628.07 Td (Amsterdam Receivables Corporation ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 616.7333984375 m 545.9345703125 616.7333984375 l s q 0 0 1 rg BT 98.00 618.07 Td (B.V) Tj ET Q q 0 0 1 rg BT 113.10 618.07 Td (., as Conduit Purchasers, Coperatieve Rabobank U.A., as a Committed Purchaser) Tj ET Q q 0 0 1 rg BT 442.08 618.07 Td (, Coperatieve Rabobank ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 606.7333984375 m 558.7373046875 606.7333984375 l s q 0 0 1 rg BT 98.00 608.07 Td (U.A., New ) Tj ET Q q 0 0 1 rg BT 143.45 608.07 Td (Y) Tj ET Q q 0 0 1 rg BT 149.67 608.07 Td (ork Branch, as Purchaser ) Tj ET Q q 0 0 1 rg BT 251.59 608.07 Td (Agent, and the Bank of ) Tj ET Q q 0 0 1 rg BT 346.94 608.07 Td (T) Tj ET Q q 0 0 1 rg BT 352.35 608.07 Td (okyo-Mitsubishi UFJ, Ltd., New ) Tj ET Q q 0 0 1 rg BT 485.04 608.07 Td (Y) Tj ET Q q 0 0 1 rg BT 491.26 608.07 Td (ork Branch, as a ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 596.7333984375 m 558.8642578125 596.7333984375 l s q 0 0 1 rg BT 98.00 598.07 Td (Committed Purchaser) Tj ET Q q 0 0 1 rg BT 184.53 598.07 Td (, Purchaser ) Tj ET Q q 0 0 1 rg BT 230.91 598.07 Td (Agent and as ) Tj ET Q q 0 0 1 rg BT 285.06 598.07 Td (Administrative ) Tj ET Q q 0 0 1 rg BT 347.00 598.07 Td (Agent. \(Incorporated by reference to our Form 10-K ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 98 586.7333984375 m 345.1630859375 586.7333984375 l s q 0 0 1 rg BT 98.00 588.07 Td (for the year ended ) Tj ET Q q 0 0 1 rg BT 172.41 588.07 Td (August 31, 2016, filed November 3, 2016\).) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.40 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 124.40 Td (\(b\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 100.16 124.40 Td (EXHIBITS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.40 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 100.40 Td (The exhibits shown in Item15\(a\)\(3\) of this ) Tj ET Q q 0 0 0 rg BT 260.41 100.40 Td (Annual Report on Form 10-K are being filed herewith.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.40 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 76.40 Td (\(c\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 99.60 76.40 Td (SCHEDULES) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 52.40 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 52.40 Td (None.) 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Debertin) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 365.05 632.46 Td (President and Chief Executive Officer) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 604.25 Td (Pursuant to the requirements of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 312.05 604.25 Td (Act of 1934, this report has been signed below by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.25 Td (following persons on behalf of the registrant and in the capacities indicated on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.74 592.25 Td (November9, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.44 592.25 Td (:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 538.75 m 302.5 538.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 494.75 m 302.5 494.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 450.75 m 302.5 450.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 406.75 m 302.5 406.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 362.75 m 302.5 362.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 318.75 m 302.5 318.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 274.75 m 302.5 274.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 230.75 m 302.5 230.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 186.75 m 302.5 186.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 142.75 m 302.5 142.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 97.75 m 302.5 97.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 67.25 m BT /F2 8.00 Tf ET q 0 0 0 rg BT 159.40 572.98 Td (Signature) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.55 573.43 Td (Title) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.00 558.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.50 558.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.25 543.42 Td (/s/Jay D. Debertin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.20 541.37 Td (President and Chief Executive Of) Tj ET Q q 0 0 0 rg BT 493.42 541.37 Td (ficer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.50 531.37 Td (\(principal executive of) Tj ET Q q 0 0 0 rg BT 469.83 531.37 Td (ficer\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.45 528.42 Td (Jay D. 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Debertin) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 158.55 342.21 Td (Attorney-in-fact) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 187 0 obj <>] /Rotate 0 /Contents 188 0 R>> endobj 188 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.05 31.60 Td (F-1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 135.40 742.25 Td (REPOR) Tj ET Q q 0 0 0 rg BT 170.05 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 176.54 742.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 192.55 742.25 Td ( INDEPENDENT) Tj ET Q q 0 0 0 rg BT 267.66 742.25 Td ( REGISTERED PUBLIC ) Tj ET Q q 0 0 0 rg BT 377.97 742.25 Td (ACCOUNTING FIRM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 718.25 Td (o the Board of Directors, Members and Patrons of CHS Inc.:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (In our opinion, the consolidated financial statements listed in the index appearing under Item 15\(a\)\(1\) present fairly) Tj ET Q q 0 0 0 rg BT 511.70 694.25 Td (, in all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (material respects, the financial position of CHS Inc. and its subsidiaries as of ) Tj ET Q q 0 0 0 rg BT 359.65 682.25 Td (August 31, 2017, and 2016, and the results of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (their operations and their cash flows for each of the three years in the period ended ) Tj ET Q q 0 0 0 rg BT 383.21 670.25 Td (August 31, 2017, in conformity with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (accounting principles generally accepted in the United States of ) Tj ET Q q 0 0 0 rg BT 306.86 658.25 Td (America. In addition, in our opinion, the financial statement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (schedule listed in the index appearing under Item 15\(a\)\(2\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 282.14 650.78 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.76 646.25 Td (presents fairly) Tj ET Q q 0 0 0 rg BT 340.04 646.25 Td (, in all material respects, the information set forth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (therein when read in conjunction with the related consolidated financial statements. ) Tj ET Q q 0 0 0 rg BT 386.37 634.25 Td (These financial statements and financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (statement schedule are the responsibility of the Company's management. Our responsibility is to express an opinion on these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (financial statements and financial statement schedule based on our audits. ) Tj ET Q q 0 0 0 rg BT 347.22 610.25 Td (W) Tj ET Q q 0 0 0 rg BT 355.86 610.25 Td (e conducted our audits of these financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (statements in accordance with the standards of the Public Company ) Tj ET Q q 0 0 0 rg BT 322.15 598.25 Td (Accounting Oversight Board \(United States\). ) Tj ET Q q 0 0 0 rg BT 505.27 598.25 Td (Those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (free of material misstatement. ) Tj ET Q q 0 0 0 rg BT 171.34 574.25 Td (An audit includes examining, on a test basis, evidence supporting the amounts and disclosures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (in the financial statements, assessing the accounting principles used and significant estimates made by management, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (evaluating the overall financial statement presentation. ) Tj ET Q q 0 0 0 rg BT 271.12 550.25 Td (W) Tj ET Q q 0 0 0 rg BT 279.76 550.25 Td (e believe that our audits provide a reasonable basis for our opinion.) 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gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 706.75 m 562.5 706.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 693.75 m 493.5 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 693.75 m 562.5 693.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 554.75 m 493.5 554.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 554.75 m 562.5 554.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 554.75 m 493.5 554.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 554.75 m 562.5 554.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 498.75 m 493.5 498.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 498.75 m 562.5 498.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 498.75 m 493.5 498.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 485.75 m 493.5 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 483.75 m 493.5 483.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 498.75 m 562.5 498.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 485.75 m 562.5 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 483.75 m 562.5 483.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 344.75 m 493.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 344.75 m 562.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 344.75 m 493.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 344.75 m 562.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 204.75 m 493.5 204.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 204.75 m 562.5 204.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 204.75 m 493.5 204.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 204.75 m 562.5 204.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 176.75 m 493.5 176.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 176.75 m 562.5 176.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 176.75 m 493.5 176.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 162.75 m 493.5 162.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 176.75 m 562.5 176.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 162.75 m 562.5 162.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 162.75 m 493.5 162.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 149.75 m 493.5 149.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 147.75 m 493.5 147.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 162.75 m 562.5 162.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 149.75 m 562.5 149.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 147.75 m 562.5 147.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 710.32 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.75 710.98 Td (August 31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 697.32 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 697.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 697.98 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 684.32 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.20 684.98 Td (\(Dollars in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 220.35 671.43 Td (ASSETS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 657.32 Td (Current assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 657.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 643.32 Td (Cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.50 643.32 Td (.....................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 643.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 643.32 Td (181,379) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 643.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 643.32 Td (279,313) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 629.32 Td (Receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.00 629.32 Td (............................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 629.32 Td (1,869,632) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 629.32 Td (2,880,763) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 615.32 Td (Inventories) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.00 615.32 Td (..............................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 615.32 Td (2,576,585) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 615.32 Td (2,370,699) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 601.32 Td (Derivative assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 601.32 Td (....................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 601.32 Td (232,017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 601.32 Td (543,821) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 587.32 Td (Margin deposits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.00 587.32 Td (......................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 587.32 Td (206,062) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 587.32 Td (310,276) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 573.32 Td (Supplier advance payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.00 573.32 Td (....................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 573.32 Td (249,234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 573.32 Td (347,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 559.32 Td (Other current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.00 559.32 Td (................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 559.32 Td (299,618) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 559.32 Td (202,708) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 545.32 Td (Total current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.50 545.32 Td (.....................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 545.32 Td (5,614,527) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 545.32 Td (6,935,180) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 531.32 Td (Investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.50 531.32 Td (.................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 531.32 Td (3,750,993) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 531.32 Td (3,795,976) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 517.32 Td (Property, plant and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.00 517.32 Td (....................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 517.32 Td (5,356,434) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 517.32 Td (5,488,323) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 503.32 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.50 503.32 Td (.................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 503.32 Td (1,251,802) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 503.32 Td (1,092,656) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 489.32 Td (Total assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.00 489.32 Td (..................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 489.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 489.32 Td (15,973,756) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 489.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 489.32 Td (17,312,135) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 170.90 475.43 Td (LIABILITIES AND EQUITIES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 461.32 Td (Current liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 461.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.00 461.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 447.32 Td (Notes payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.50 447.32 Td (.........................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 447.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 447.32 Td (1,988,215) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 447.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 447.32 Td (2,731,479) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 433.32 Td (Current portion of long-term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.00 433.32 Td (..........................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 433.32 Td (156,345) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 433.32 Td (214,329) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 419.32 Td (Customer margin deposits and credit balances) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.00 419.32 Td (......................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 419.32 Td (157,914) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 419.32 Td (208,991) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 405.32 Td (Customer advance payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.00 405.32 Td (..................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 405.32 Td (413,163) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 405.32 Td (412,823) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 391.32 Td (Accounts payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.50 391.32 Td (...................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 391.32 Td (1,951,292) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 391.32 Td (1,819,049) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 377.32 Td (Derivative liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.50 377.32 Td (...............................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 377.32 Td (316,018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 377.32 Td (513,599) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 363.32 Td (Accrued expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.50 363.32 Td (...................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 363.32 Td (437,527) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 363.32 Td (422,494) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 349.32 Td (Dividends and equities payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.50 349.32 Td (.............................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 349.32 Td (12,121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 349.32 Td (198,031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 335.32 Td (Total current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.00 335.32 Td (................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 335.32 Td (5,432,595) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 335.32 Td (6,520,795) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 321.32 Td (Long-term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 321.32 Td (...........................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 321.32 Td (2,023,448) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 321.32 Td (2,082,876) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 307.32 Td (Deferred tax liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.00 307.32 Td (................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 307.32 Td (333,221) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 307.32 Td (487,762) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 293.32 Td (Other liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 293.32 Td (...........................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 293.32 Td (278,667) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 293.32 Td (354,452) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 279.32 Td (Commitments and contingencies \(Note 14\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 265.32 Td (Equities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 265.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.00 265.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 251.32 Td (Preferred stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.50 251.32 Td (.......................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 251.32 Td (2,264,038) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 251.32 Td (2,244,132) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 237.32 Td (Equity certificates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.00 237.32 Td (..................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 237.32 Td (4,341,649) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 237.32 Td (4,237,174) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 223.32 Td (Accumulated other comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.50 223.32 Td (.................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 223.37 Td (\(183,670) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 223.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.80 223.37 Td (\(211,726) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 223.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 209.32 Td (Capital reserves) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.00 209.32 Td (......................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 209.32 Td (1,471,217) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 209.32 Td (1,582,380) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 195.32 Td (Total CHS Inc. equities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.00 195.32 Td (..........................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 195.32 Td (7,893,234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 195.32 Td (7,851,960) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 181.32 Td (Noncontrolling interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.50 181.32 Td (.........................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 181.32 Td (12,591) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 181.32 Td (14,290) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 167.32 Td (Total equities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.50 167.32 Td (...............................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 167.32 Td (7,905,825) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 167.32 Td (7,866,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 153.32 Td (Total liabilities and equities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.00 153.32 Td (........................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 153.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 153.32 Td (15,973,756) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 153.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 153.32 Td (17,312,135) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 125.25 Td (The accompanying notes are an integral part of the consolidated financial statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.20 113.25 Td (CHS Inc. and Subsidiaries) Tj ET Q endstream endobj 191 0 obj <>] /Rotate 0 /Contents 192 0 R>> endobj 192 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.05 31.60 Td (F-3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 231.80 742.25 Td (Consolidated Financial Statements) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.15 730.25 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 248.97 730.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 283.52 730.25 Td (A) Tj ET Q q 0 0 0 rg BT 290.00 730.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 354.92 730.25 Td ( OPERA) Tj ET Q q 0 0 0 rg BT 391.68 730.25 Td (TIONS) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 668.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 668.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 668.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 668.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 668.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 668.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 638.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 638.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 638.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 638.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 638.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 638.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 608.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 608.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 608.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 608.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 608.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 608.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 578.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 578.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 578.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 578.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 578.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 578.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 548.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 548.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 548.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 548.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 548.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 548.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 518.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 518.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 518.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 518.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 518.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 518.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 488.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 488.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 488.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 488.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 488.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 488.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 458.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 458.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 458.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 458.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 458.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 458.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 694.75 m 424.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 694.75 m 428.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 694.75 m 493.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 694.75 m 497.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 694.75 m 562.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 681.75 m 424.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 681.75 m 493.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 681.75 m 562.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 638.75 m 424.5 638.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 638.75 m 493.5 638.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 638.75 m 562.5 638.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 593.75 m 424.5 593.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 593.75 m 493.5 593.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 593.75 m 562.5 593.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 518.75 m 424.5 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 518.75 m 493.5 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 518.75 m 562.5 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 488.75 m 424.5 488.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 488.75 m 493.5 488.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 488.75 m 562.5 488.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 458.75 m 424.5 458.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 458.75 m 493.5 458.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 458.75 m 562.5 458.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 444.75 m 424.5 444.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 442.75 m 424.5 442.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 444.75 m 493.5 444.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 442.75 m 493.5 442.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 444.75 m 562.5 444.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 442.75 m 562.5 442.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 204.50 699.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.45 698.98 Td (For the Years Ended August 31) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 204.50 686.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.50 685.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 685.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 685.98 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 204.50 673.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.70 672.98 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 658.42 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.50 658.32 Td (.........................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 658.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.60 658.42 Td (31,934,751) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 658.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 658.42 Td (30,347,203) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 658.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 658.42 Td (34,582,442) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 643.42 Td (Cost of goods sold) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.50 643.32 Td (...........................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.60 643.42 Td (30,985,510) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 643.42 Td (29,387,910) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 643.42 Td (33,091,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 628.42 Td (Gross profit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 628.32 Td (.....................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 628.42 Td (949,241) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 628.42 Td (959,293) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 628.42 Td (1,490,766) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 613.42 Td (Marketing, general and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.00 613.32 Td (............................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 613.42 Td (604,359) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 613.42 Td (601,261) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 613.42 Td (642,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 598.42 Td (Reserve and impairment charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.00 598.32 Td (....................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 598.42 Td (456,679) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 598.42 Td (47,836) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 598.42 Td (133,045) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 583.42 Td (Operating earnings \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.00 583.32 Td (................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 583.47 Td (\(111,797) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 583.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 583.42 Td (310,196) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 583.42 Td (715,412) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 568.42 Td (\(Gain\) loss on investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.00 568.32 Td (..............................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 568.42 Td (4,569) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 568.47 Td (\(9,252) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 568.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 568.47 Td (\(5,239) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 568.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 553.42 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.50 553.32 Td (...............................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 553.42 Td (171,239) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 553.42 Td (113,704) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 553.42 Td (70,659) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 538.42 Td (Other \(income\) loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.50 538.32 Td (.........................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 538.47 Td (\(95,415) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 538.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 538.47 Td (\(38,357) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 538.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 538.47 Td (\(10,326) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 538.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 523.42 Td (Equity \(income\) loss from investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.00 523.32 Td (..........................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 523.47 Td (\(137,338) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 523.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 523.47 Td (\(175,777) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 523.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.80 523.47 Td (\(107,850) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 523.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 508.42 Td (Income \(loss\) before income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.00 508.32 Td (..................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 508.47 Td (\(54,852) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 508.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 508.42 Td (419,878) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 508.42 Td (768,168) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 493.42 Td (Income tax expense \(benefit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.00 493.32 Td (..........................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 493.47 Td (\(182,075) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 493.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 493.47 Td (\(4,091) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 493.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 493.47 Td (\(12,165) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 493.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 478.42 Td (Net income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 478.32 Td (............................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 478.42 Td (127,223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 478.42 Td (423,969) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 478.42 Td (780,333) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 463.42 Td (Net income \(loss\) attributable to noncontrolling interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.00 463.32 Td (..............................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.30 463.47 Td (\(634) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 463.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.30 463.47 Td (\(223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 463.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 463.47 Td (\(712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 463.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 448.42 Td (Net income \(loss\) attributable to CHS Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.50 448.32 Td (.....................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 448.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 448.42 Td (127,857) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 448.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 448.42 Td (424,192) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 448.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 448.42 Td (781,045) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 416.25 Td (The accompanying notes are an integral part of the consolidated financial statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.20 404.25 Td (CHS Inc. and Subsidiaries) Tj ET Q endstream endobj 193 0 obj <>] /Rotate 0 /Contents 194 0 R>> endobj 194 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.05 31.60 Td (F-4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 231.80 742.25 Td (Consolidated Financial Statements) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 154.75 730.25 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 214.57 730.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 249.13 730.25 Td (A) Tj ET Q q 0 0 0 rg BT 255.60 730.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 320.52 730.25 Td ( COMPREHENSIVE INCOME) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 668.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 668.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 668.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 668.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 668.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 668.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 638.75 309.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 638.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 638.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 638.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 638.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 638.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 578.75 309.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 578.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 578.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 578.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 578.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 578.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 528.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 528.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 528.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 528.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 528.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 528.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 498.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 498.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 498.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 498.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 498.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 498.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 694.75 m 423.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 694.75 m 427.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 694.75 m 492.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 694.75 m 496.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 694.75 m 561.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 681.75 m 423.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 681.75 m 492.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 681.75 m 561.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 528.75 m 423.5 528.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 528.75 m 492.5 528.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 528.75 m 561.5 528.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 513.75 m 423.5 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 513.75 m 492.5 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 513.75 m 561.5 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 483.75 m 423.5 483.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 483.75 m 492.5 483.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 483.75 m 561.5 483.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 483.75 m 423.5 483.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 469.75 m 423.5 469.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 467.75 m 423.5 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 483.75 m 492.5 483.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 469.75 m 492.5 469.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 467.75 m 492.5 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 483.75 m 561.5 483.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 469.75 m 561.5 469.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 467.75 m 561.5 467.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.45 698.98 Td (For the Years Ended August 31) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.50 685.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.50 685.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.50 685.98 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 672.32 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 421.70 672.98 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 658.42 Td (Net income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.00 658.32 Td (............................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 658.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 658.42 Td (127,223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 658.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 658.42 Td (423,969) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 658.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 658.42 Td (780,333) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 643.42 Td (Other comprehensive income \(loss\), net of tax:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 628.42 Td (Postretirement benefit plan activity, net of tax expense \(benefit\) of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 618.42 Td ($18,688, $3,903 and $\(12,726\) in 2017, 2016, and 2015, respectively) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.50 618.32 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 618.42 Td (30,100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 618.42 Td (6,583) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 618.47 Td (\(19,877) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 618.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 603.42 Td (Unrealized net gain \(loss\) on available for sale investments, net of tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 593.42 Td (expense \(benefit\) of $2,732, $947 and $\(154\) in 2017, 2016, and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 583.42 Td (2015, respectively) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.00 583.32 Td (..................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 583.42 Td (4,385) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 583.42 Td (1,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 583.47 Td (\(242) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 583.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 568.42 Td (Cash flow hedges, net of tax expense \(benefit\) of $1,392, $\(2,410\) and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 558.42 Td ($\(1,607\) in 2017, 2016, and 2015, respectively) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.50 558.32 Td (.....................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 558.42 Td (2,242) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 558.47 Td (\(3,872) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 558.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 558.47 Td (\(2,602) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 558.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 543.42 Td (Foreign currency translation adjustment, net of tax expense \(benefit\) of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 533.42 Td ($214, $1,163 and $4,057 in 2017, 2016, and 2015, respectively) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.50 533.32 Td (...........) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.80 533.47 Td (\(8,671) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 533.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 533.47 Td (\(1,730) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 533.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 533.47 Td (\(34,729) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 533.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 518.42 Td (Other comprehensive income \(loss\), net of tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.50 518.32 Td (...............................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 518.42 Td (28,056) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 518.42 Td (2,481) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 518.47 Td (\(57,450) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 518.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 503.42 Td (Comprehensive income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.50 503.32 Td (...................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 503.42 Td (155,279) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 503.42 Td (426,450) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 503.42 Td (722,883) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 488.42 Td (Less comprehensive income attributable to noncontrolling interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.00 488.32 Td (..........) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.30 488.47 Td (\(634) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 488.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.30 488.47 Td (\(223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 488.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 488.47 Td (\(712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 488.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 473.42 Td (Comprehensive income attributable to CHS Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.00 473.32 Td (............................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 473.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 473.42 Td (155,913) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 473.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 473.42 Td (426,673) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 473.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 473.42 Td (723,595) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 441.25 Td (The accompanying notes are an integral part of the consolidated financial statements.) 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46.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 366.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 366.75 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 366.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 366.75 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 366.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 366.75 44.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 45.50 342.75 144.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 189.50 342.75 43.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 342.75 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.50 342.75 43.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 342.75 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.50 342.75 43.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 342.75 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 342.75 43.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 342.75 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 342.75 46.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 342.75 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 342.75 43.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 342.75 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 342.75 45.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 342.75 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 342.75 44.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 45.50 311.75 144.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 189.50 311.75 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 311.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.50 311.75 43.00 -12.00 re f /GS0 gs 0.8 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0 J 0 j 3 M 236.5 694.75 m 279.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 694.75 m 283.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 694.75 m 326.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 694.75 m 330.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 694.75 m 373.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 694.75 m 377.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 694.75 m 423.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 694.75 m 427.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 694.75 m 470.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 694.75 m 474.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 694.75 m 519.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 694.75 m 523.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 694.75 m 567.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 189.5 683.75 m 232.5 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 683.75 m 236.5 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 683.75 m 279.5 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 683.75 m 283.5 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 683.75 m 326.5 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 189.5 683.75 m 232.5 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 189.5 660.75 m 232.5 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 683.75 m 279.5 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 660.75 m 279.5 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 683.75 m 326.5 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 660.75 m 326.5 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 660.75 m 373.5 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 660.75 m 423.5 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 660.75 m 470.5 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 660.75 m 519.5 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 660.75 m 567.5 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 189.5 660.75 m 232.5 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 660.75 m 279.5 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 660.75 m 326.5 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 660.75 m 373.5 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 660.75 m 470.5 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 660.75 m 519.5 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 660.75 m 567.5 660.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 189.5 511.75 m 232.5 511.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 511.75 m 279.5 511.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 511.75 m 326.5 511.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 511.75 m 373.5 511.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 511.75 m 423.5 511.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 511.75 m 470.5 511.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 511.75 m 519.5 511.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 511.75 m 567.5 511.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 511.75 m 326.5 511.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 189.5 354.75 m 232.5 354.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 354.75 m 279.5 354.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 354.75 m 326.5 354.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 354.75 m 373.5 354.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 354.75 m 423.5 354.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 354.75 m 470.5 354.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 354.75 m 519.5 354.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 354.75 m 567.5 354.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 354.75 m 326.5 354.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 189.5 196.75 m 232.5 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 196.75 m 279.5 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 196.75 m 326.5 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 196.75 m 373.5 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 196.75 m 423.5 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 196.75 m 470.5 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 196.75 m 519.5 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 196.75 m 567.5 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 189.5 185.75 m 232.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 189.5 183.75 m 232.5 183.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 185.75 m 279.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 183.75 m 279.5 183.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 196.75 m 326.5 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 185.75 m 326.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 183.75 m 326.5 183.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 185.75 m 373.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 183.75 m 373.5 183.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 185.75 m 423.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 183.75 m 423.5 183.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 185.75 m 470.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 183.75 m 470.5 183.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 185.75 m 519.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 183.75 m 519.5 183.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 185.75 m 567.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 183.75 m 567.5 183.75 l s BT /F2 6.00 Tf ET q 0 0 0 rg BT 310.15 698.59 Td (For the Years Ended August 31, 2017, 2016, and 2015) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 48.00 687.40 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 233.25 687.59 Td (Equity Certificates) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 351.50 687.59 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 383.00 682.59 Td (Accumulated) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 392.35 676.59 Td (Other) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 380.05 670.59 Td (Comprehensive) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 394.15 664.59 Td (Loss) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 448.50 687.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 496.50 687.59 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 545.00 687.59 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 200.95 676.59 Td (Capital) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 201.80 670.59 Td (Equity) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 195.65 664.59 Td (Certificates) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 239.20 676.59 Td (Nonpatronage) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 248.80 670.59 Td (Equity) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 242.65 664.59 Td (Certificates) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 287.80 676.59 Td (Nonqualified) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 295.80 670.59 Td (Equity) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 289.65 664.59 Td (Certificates) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 339.10 670.59 Td (Preferred) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 344.30 664.59 Td (Stock) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 438.95 670.59 Td (Capital) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 437.15 664.59 Td (Reserves) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 477.20 670.59 Td (Noncontrolling) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 485.35 664.59 Td (Interests) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 538.40 670.59 Td (Total) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 534.45 664.59 Td (Equities) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 48.00 653.40 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 349.65 653.59 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 48.00 641.80 Td (Balances, August 31, 2014) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 123.00 641.40 Td (....................................) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 192.00 641.80 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 201.60 641.80 Td (3,508,473) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 239.00 641.80 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 257.40 641.80 Td (23,256) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 286.00 641.80 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 300.90 641.80 Td (284,699) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 333.00 641.80 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 342.60 641.80 Td (1,190,177) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 380.00 641.80 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 395.55 641.85 Td (\(156,757) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 420.65 641.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 430.00 641.80 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 439.60 641.80 Td (1,598,660) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 477.00 641.80 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 497.40 641.80 Td (18,336) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 526.00 641.80 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 536.60 641.80 Td (6,466,844) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 48.00 630.40 Td (Reversal of prior year patronage and redemption) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 48.00 623.40 Td (estimates) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 75.75 623.40 Td (...............................................................) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 204.55 623.80 Td (\(267,088) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 229.65 623.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 298.55 623.85 Td (\(148,579) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 323.65 623.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 444.90 623.80 Td (810,641) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 541.90 623.80 Td (394,974) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 48.00 611.80 Td (Distribution of 2014 patronage refunds) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 158.00 611.40 Td (................) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 206.90 611.80 Td (402,560) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 300.90 611.80 Td (147,710) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 442.55 611.85 Td (\(821,496) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 467.65 611.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 539.55 611.80 Td (\(271,226) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 564.65 611.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 48.00 599.80 Td (Redemptions of equities) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 117.75 599.40 Td (.......................................) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 204.55 599.80 Td (\(127,707) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 229.65 599.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 263.80 599.80 Td (\(199) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 276.65 599.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 305.55 599.85 Td (\(1,021) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 323.65 599.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 460.65 599.80 Td (20) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 539.55 599.80 Td (\(128,907) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 564.65 599.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 48.00 587.80 Td (Equities issued) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 91.50 587.40 Td (......................................................) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 210.40 587.80 Td (12,365) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 347.90 587.80 Td (977,363) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 541.90 587.80 Td (989,728) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 48.00 575.80 Td (Preferred stock dividends) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 121.25 575.40 Td (.....................................) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 442.55 575.85 Td (\(145,723) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 467.65 575.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 539.55 575.80 Td (\(145,723) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 564.65 575.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 48.00 563.80 Td (Other, net) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 75.75 563.40 Td (...............................................................) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 211.55 563.80 Td (\(2,723) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 229.65 563.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 313.15 563.80 Td (119) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 451.90 563.80 Td (6,967) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 498.55 563.85 Td (\(6,098) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 516.65 563.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 546.55 563.80 Td (\(1,735) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 564.65 563.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 48.00 551.80 Td (Net income \(loss\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 98.50 551.40 Td (..................................................) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 444.90 551.80 Td (781,045) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 503.80 551.85 Td (\(712) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 516.65 551.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 541.90 551.80 Td (780,333) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 48.00 539.80 Td (Other comprehensive income \(loss\), net of tax) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 179.00 539.40 Td (....) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 399.05 539.85 Td (\(57,450) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 420.65 539.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 543.05 539.80 Td (\(57,450) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 564.65 539.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 48.00 527.80 Td (Estimated 2015 patronage refunds) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 144.00 527.40 Td (........................) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 206.90 527.80 Td (375,267) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 442.55 527.85 Td (\(625,444) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 467.65 527.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 539.55 527.80 Td (\(250,177) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 564.65 527.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 48.00 515.80 Td (Estimated 2015 equity redemptions) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 147.50 515.40 Td (......................) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 204.55 515.80 Td (\(107,250) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 229.65 515.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 539.55 515.80 Td (\(107,250) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 564.65 515.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 48.00 503.80 Td (Balances, August 31, 2015) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 123.00 503.40 Td (....................................) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 201.60 503.80 Td (3,793,897) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 257.40 503.80 Td (23,057) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 300.90 503.80 Td (282,928) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 342.60 503.80 Td (2,167,540) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 395.55 503.85 Td (\(214,207) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 420.65 503.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 439.60 503.80 Td (1,604,670) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 497.40 503.80 Td (11,526) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 536.60 503.80 Td (7,669,411) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 48.00 491.80 Td (Reversal of prior year patronage and redemption) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 48.00 484.80 Td (estimates) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 75.75 484.40 Td (...............................................................) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 204.55 484.80 Td (\(268,017) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 229.65 484.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 444.90 484.80 Td (625,444) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 541.90 484.80 Td (357,427) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 48.00 472.80 Td (Distribution of 2015 patronage refunds) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 158.00 472.40 Td (................) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 206.90 472.80 Td (375,506) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 442.55 472.85 Td (\(627,246) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 467.65 472.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 539.55 472.80 Td (\(251,740) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 564.65 472.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 48.00 460.80 Td (Redemptions of equities) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 117.75 460.40 Td (.......................................) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 208.05 460.80 Td (\(22,948) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 229.65 460.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 263.80 460.80 Td (\(143) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 276.65 460.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 310.80 460.85 Td (\(820) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 323.65 460.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 543.05 460.80 Td (\(23,911) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 564.65 460.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 48.00 448.80 Td (Equities issued) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 91.50 448.40 Td (......................................................) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 210.40 448.80 Td (23,258) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 545.40 448.80 Td (23,258) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 48.00 437.40 Td (Capital equity certificates exchanged for) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 48.00 430.40 Td (preferred stock) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 91.50 430.40 Td (......................................................) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 208.05 430.80 Td (\(76,756) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 229.65 430.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 351.40 430.80 Td (76,756) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 557.65 430.80 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 48.00 418.80 Td (Preferred stock dividends) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 121.25 418.40 Td (.....................................) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 442.55 418.85 Td (\(164,207) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 467.65 418.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 539.55 418.80 Td (\(164,207) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 564.65 418.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 48.00 406.80 Td (Other, net) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 75.75 406.40 Td (...............................................................) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 211.55 406.80 Td (\(1,248) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 229.65 406.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 267.30 406.80 Td (\(20) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 276.65 406.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 310.80 406.85 Td (\(341) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 323.65 406.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 357.80 406.85 Td (\(164) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 370.65 406.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 449.55 406.85 Td (\(1,505) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 467.65 406.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 500.90 406.80 Td (2,987) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 551.80 406.80 Td (\(291) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 564.65 406.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 48.00 394.80 Td (Net income \(loss\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 98.50 394.40 Td (..................................................) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 444.90 394.80 Td (424,192) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 503.80 394.85 Td (\(223) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 516.65 394.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 541.90 394.80 Td (423,969) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 48.00 382.80 Td (Other comprehensive income \(loss\), net of tax) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 179.00 382.40 Td (....) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 404.90 382.80 Td (2,481) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 548.90 382.80 Td (2,481) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 48.00 370.80 Td (Estimated 2016 patronage refunds) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 144.00 370.40 Td (........................) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 206.90 370.80 Td (167,381) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 442.55 370.85 Td (\(278,968) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 467.65 370.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 539.55 370.80 Td (\(111,587) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 564.65 370.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 48.00 358.80 Td (Estimated 2016 equity redemptions) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 147.50 358.40 Td (......................) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 208.05 358.80 Td (\(58,560) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 229.65 358.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 543.05 358.80 Td (\(58,560) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 564.65 358.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 48.00 346.80 Td (Balances, August 31, 2016) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 123.00 346.40 Td (....................................) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 201.60 346.80 Td (3,932,513) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 257.40 346.80 Td (22,894) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 300.90 346.80 Td (281,767) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 342.60 346.80 Td (2,244,132) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 395.55 346.85 Td (\(211,726) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 420.65 346.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 439.60 346.80 Td (1,582,380) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 497.40 346.80 Td (14,290) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 536.60 346.80 Td (7,866,250) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 48.00 334.80 Td (Reversal of prior year patronage and redemption) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 48.00 327.80 Td (estimates) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 75.75 327.40 Td (...............................................................) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 204.55 327.80 Td (\(108,821) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 229.65 327.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 444.90 327.80 Td (278,968) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 541.90 327.80 Td (170,147) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 48.00 315.80 Td (Distribution of 2016 patronage refunds) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 158.00 315.40 Td (................) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 206.90 315.80 Td (153,589) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 442.55 315.85 Td (\(257,468) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 467.65 315.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 539.55 315.80 Td (\(103,879) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 564.65 315.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 48.00 303.80 Td (Redemptions of equities) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 117.75 303.40 Td (.......................................) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 208.05 303.80 Td (\(35,041) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 229.65 303.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 263.80 303.80 Td (\(389) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 276.65 303.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 305.55 303.85 Td (\(1,960) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 323.65 303.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 543.05 303.80 Td (\(37,390) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 564.65 303.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 48.00 291.80 Td (Equities issued) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 91.50 291.40 Td (......................................................) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 213.90 291.80 Td (3,194) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 548.90 291.80 Td (3,194) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 48.00 279.80 Td (Capital equity certificates redeemed with) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 48.00 272.80 Td (preferred stock) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 91.50 272.40 Td (......................................................) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 208.05 272.80 Td (\(19,985) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 229.65 272.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 351.40 272.80 Td (19,960) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 460.65 272.80 Td (25) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 557.65 272.80 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 48.00 260.80 Td (Preferred stock dividends) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 121.25 260.40 Td (.....................................) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 442.55 260.85 Td (\(139,759) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 467.65 260.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 539.55 260.80 Td (\(139,759) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 564.65 260.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 48.00 248.80 Td (Other, net) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 75.75 248.40 Td (...............................................................) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 211.55 248.80 Td (\(9,023) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 229.65 248.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 260.90 248.80 Td (7,331) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 310.80 248.85 Td (\(753) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 323.65 248.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 361.30 248.85 Td (\(54) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 370.65 248.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 451.90 248.80 Td (5,547) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 498.55 248.85 Td (\(1,065) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 516.65 248.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 548.90 248.80 Td (1,983) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 48.00 236.80 Td (Net income \(loss\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 98.50 236.40 Td (..................................................) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 444.90 236.80 Td (127,857) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 503.80 236.85 Td (\(634) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 516.65 236.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 541.90 236.80 Td (127,223) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 48.00 224.80 Td (Other comprehensive income \(loss\), net of tax) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 179.00 224.40 Td (....) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 401.40 224.80 Td (28,056) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 545.40 224.80 Td (28,056) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 48.00 212.80 Td (Estimated 2017 patronage refunds) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 144.00 212.40 Td (........................) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 300.90 212.80 Td (126,333) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 442.55 212.85 Td (\(126,333) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 467.65 212.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 557.65 212.80 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 48.00 200.80 Td (Estimated 2017 equity redemptions) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 147.50 200.40 Td (......................) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 208.05 200.80 Td (\(10,000) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 229.65 200.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 543.05 200.80 Td (\(10,000) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 564.65 200.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 48.00 188.80 Td (Balances, August 31, 2017) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 123.00 188.40 Td (....................................) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 192.00 188.80 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 201.60 188.80 Td (3,906,426) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 239.00 188.80 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 257.40 188.80 Td (29,836) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 286.00 188.80 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 300.90 188.80 Td (405,387) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 333.00 188.80 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 342.60 188.80 Td (2,264,038) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 380.00 188.80 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 395.55 188.85 Td (\(183,670) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 420.65 188.80 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 430.00 188.80 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 439.60 188.80 Td (1,471,217) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 477.00 188.80 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 497.40 188.80 Td (12,591) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 526.00 188.80 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 536.60 188.80 Td (7,905,825) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 161.25 Td (The accompanying notes are an integral part of the consolidated financial statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.20 149.25 Td (CHS Inc. and Subsidiaries) Tj ET Q endstream endobj 197 0 obj <>] /Rotate 0 /Contents 198 0 R>> endobj 198 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.05 20.60 Td (F-6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 231.80 753.25 Td (Consolidated Financial Statements) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 188.65 741.25 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 248.47 741.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 283.02 741.25 Td (A) Tj ET Q q 0 0 0 rg BT 289.50 741.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 354.42 741.25 Td ( CASH FLOWS) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 45.50 697.75 314.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 697.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 697.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 697.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 697.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 697.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 45.50 675.75 314.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 675.75 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 675.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 675.75 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 675.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 675.75 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 45.50 651.75 314.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 651.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 651.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 651.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 651.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 651.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 45.50 629.75 314.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 629.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 629.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 629.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 629.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 629.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 45.50 607.75 314.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 607.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 607.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 607.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 607.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 607.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 45.50 585.75 314.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 585.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 585.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 585.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 585.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 585.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 45.50 563.75 314.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 563.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 563.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 563.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 563.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 563.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 45.50 541.75 314.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 541.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 541.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 541.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 541.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 541.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 45.50 519.75 314.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 519.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 519.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 519.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 519.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 519.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 45.50 497.75 314.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 497.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 497.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 497.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 497.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 497.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 45.50 475.75 314.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 475.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 475.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 475.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 475.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 475.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 45.50 453.75 314.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 453.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 453.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 453.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 453.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 453.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 45.50 431.75 314.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 431.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 431.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 431.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 431.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 431.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 45.50 409.75 314.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 409.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 409.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 409.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 409.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 409.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 45.50 387.75 314.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 387.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 387.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 387.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 387.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 387.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 45.50 365.75 314.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 365.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 365.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 365.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 365.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 365.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 45.50 342.75 314.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 342.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 342.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 342.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 342.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 342.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 45.50 318.75 314.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 318.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 318.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 318.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 318.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 318.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 45.50 295.75 314.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 295.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 295.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 295.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 295.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 295.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 45.50 273.75 314.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 273.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 273.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 273.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 273.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 273.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 45.50 251.75 314.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 251.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 251.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 251.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 251.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 251.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 45.50 229.75 314.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 229.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 229.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 229.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 229.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 229.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 45.50 207.75 314.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 207.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 207.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 207.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 207.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 207.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 45.50 185.75 314.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 185.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 185.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 185.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 185.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 185.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 45.50 163.75 314.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 163.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 163.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 163.75 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 163.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 163.75 65.00 -11.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 719.75 m 424.5 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 719.75 m 428.5 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 719.75 m 493.5 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 719.75 m 497.5 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 719.75 m 562.5 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 719.75 m 424.5 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 708.75 m 424.5 708.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 719.75 m 493.5 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 708.75 m 493.5 708.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 719.75 m 562.5 719.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 708.75 m 562.5 708.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 420.75 m 424.5 420.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 420.75 m 493.5 420.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 420.75 m 562.5 420.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 420.75 m 424.5 420.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 409.75 m 424.5 409.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 420.75 m 493.5 420.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 409.75 m 493.5 409.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 420.75 m 562.5 420.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 409.75 m 562.5 409.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 306.75 m 424.5 306.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 306.75 m 493.5 306.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 306.75 m 562.5 306.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 306.75 m 424.5 306.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 295.75 m 424.5 295.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 306.75 m 493.5 306.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 295.75 m 493.5 295.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 306.75 m 562.5 306.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 295.75 m 562.5 295.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 196.75 m 424.5 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 196.75 m 493.5 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 196.75 m 562.5 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 196.75 m 424.5 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 185.75 m 424.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 196.75 m 493.5 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 185.75 m 493.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 196.75 m 562.5 196.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 185.75 m 562.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 174.75 m 424.5 174.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 174.75 m 493.5 174.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 174.75 m 562.5 174.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 152.75 m 424.5 152.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 152.75 m 493.5 152.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 152.75 m 562.5 152.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 152.75 m 424.5 152.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 142.75 m 424.5 142.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 140.75 m 424.5 140.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 152.75 m 493.5 152.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 142.75 m 493.5 142.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 140.75 m 493.5 140.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 152.75 m 562.5 152.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 142.75 m 562.5 142.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 140.75 m 562.5 140.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.45 722.83 Td (For the Years Ended August 31) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.50 711.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 711.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 711.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.70 700.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 48.00 689.70 Td (Cash flows from operating activities:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 689.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.00 689.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.00 689.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 60.00 678.70 Td (Net income \(loss\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 118.00 678.70 Td (.......................................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.00 678.70 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 678.70 Td (127,223) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.00 678.70 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.30 678.70 Td (423,969) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.00 678.70 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.30 678.70 Td (780,333) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 60.00 667.00 Td (Adjustments to reconcile net income to net cash provided by \(used in\) operating activities:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 667.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.00 667.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.00 667.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 72.00 654.70 Td (Depreciation and amortization) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 170.00 654.70 Td (.............................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 654.70 Td (480,223) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.30 654.70 Td (447,492) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.30 654.70 Td (355,422) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 72.00 643.70 Td (Amortization of deferred major repair costs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 212.00 643.70 Td (........................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.30 643.70 Td (67,058) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 643.70 Td (73,483) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.30 643.70 Td (45,953) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 72.00 632.70 Td (\(Income\) loss from equity investments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 196.00 632.70 Td (................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.60 632.70 Td (\(137,338) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 632.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.60 632.70 Td (\(175,777) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.30 632.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.60 632.75 Td (\(107,850) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.30 632.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 72.00 621.70 Td (Distributions from equity investments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 194.00 621.70 Td (.................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 621.70 Td (213,352) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.30 621.70 Td (178,464) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.30 621.70 Td (80,917) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 72.00 610.70 Td (Unrealized \(gain\) loss on crack spread contingent liability) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 258.00 610.70 Td (.................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.60 610.70 Td (\(15,051) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 610.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.60 610.70 Td (\(60,931) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.30 610.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.60 610.75 Td (\(36,310) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.30 610.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 72.00 599.70 Td (Provision for doubtful accounts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 174.00 599.70 Td (...........................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 599.70 Td (177,969) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 599.70 Td (57,200) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 599.70 Td (2,806) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 72.00 588.70 Td (Long-lived asset impairments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 168.00 588.70 Td (..............................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 588.70 Td (145,042) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 588.70 Td (27,247) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.30 588.70 Td (103,723) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 72.00 577.70 Td (Reserve against supplier advance payments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 212.00 577.70 Td (........................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 577.70 Td (130,705) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.30 577.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.30 577.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 72.00 566.70 Td (Deferred taxes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 120.00 566.70 Td (......................................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.60 566.70 Td (\(175,914) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 566.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.60 566.70 Td (\(24,178) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.30 566.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.30 566.70 Td (30,304) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 72.00 555.70 Td (Other, net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 104.00 555.70 Td (..............................................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.30 555.70 Td (24,044) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.60 555.70 Td (\(15,444) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.30 555.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.60 555.75 Td (\(21,943) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.30 555.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 72.00 544.70 Td (Changes in operating assets and liabilities, excluding the effects of acquisitions:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 544.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.00 544.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.00 544.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 533.70 Td (Receivables) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 124.00 533.70 Td (....................................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 533.70 Td (121,630) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 533.70 Td (46,405) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.30 533.70 Td (314,313) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 522.70 Td (Inventories) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 120.00 522.70 Td (......................................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.60 522.70 Td (\(293,549) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 522.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.30 522.70 Td (338,662) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.30 522.70 Td (71,073) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 511.70 Td (Derivative assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 140.00 511.70 Td (............................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 511.70 Td (126,824) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.60 511.70 Td (\(20,257) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.30 511.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.30 511.70 Td (100,715) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 500.70 Td (Margin deposits) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 136.00 500.70 Td (..............................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 500.70 Td (104,214) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.60 500.70 Td (\(37,115) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.30 500.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.60 500.75 Td (\(8,534) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.30 500.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 489.70 Td (Supplier advance payments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 172.00 489.70 Td (............................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.60 489.70 Td (\(34,583) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 489.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 489.70 Td (44,047) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 489.70 Td (3,127) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 478.70 Td (Other current assets and other long-term assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 234.00 478.70 Td (.............................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.60 478.70 Td (\(66,119) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 478.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.30 478.70 Td (120,993) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.60 478.75 Td (\(87,426) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.30 478.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 467.70 Td (Customer margin deposits and credit balances) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 232.00 467.70 Td (..............................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.60 467.70 Td (\(50,920) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 467.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 467.70 Td (20,841) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.60 467.75 Td (\(106,788) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.30 467.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 456.70 Td (Customer advance payments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 176.00 456.70 Td (..........................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.60 456.70 Td (\(528) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 456.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.30 456.70 Td (5,664) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.60 456.75 Td (\(223,463) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.30 456.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 445.70 Td (Accounts payable and accrued expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 214.00 445.70 Td (.......................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 445.70 Td (197,445) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.60 445.70 Td (\(129,259) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.30 445.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.60 445.75 Td (\(558,120) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.30 445.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 434.70 Td (Derivative liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 150.00 434.70 Td (.......................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.60 434.70 Td (\(183,287) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 434.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 434.70 Td (36,283) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.60 434.75 Td (\(134,033) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.30 434.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 84.00 423.70 Td (Other liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 134.00 423.70 Td (...............................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.60 423.70 Td (\(25,446) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 423.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.60 423.70 Td (\(94,291) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.30 423.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.60 423.75 Td (\(34,209) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.30 423.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 48.00 412.70 Td (Net cash provided by \(used in\) operating activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 210.00 412.70 Td (.........................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 412.70 Td (932,994) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.30 412.70 Td (1,263,498) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.30 412.70 Td (570,010) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 48.00 401.70 Td (Cash flows from investing activities:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 401.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.00 401.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.00 401.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 60.00 390.70 Td (Acquisition of property, plant and equipment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 204.00 390.70 Td (............................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.60 390.70 Td (\(444,397) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 390.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.60 390.70 Td (\(692,780) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.30 390.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.60 390.75 Td (\(1,186,790) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.30 390.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 60.00 379.70 Td (Expenditures for major repairs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 158.00 379.70 Td (...................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.60 379.70 Td (\(2,340) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 379.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.60 379.70 Td (\(19,610) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.30 379.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.60 379.75 Td (\(201,688) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.30 379.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 60.00 368.70 Td (Investments in joint ventures and other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 186.00 368.70 Td (.....................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.60 368.70 Td (\(16,645) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 368.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.60 368.70 Td (\(2,855,218) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.30 368.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.60 368.75 Td (\(64,259) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.30 368.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 60.00 357.70 Td (Changes in CHS Capital notes receivable, net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 206.00 357.70 Td (...........................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.30 357.70 Td (322) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.60 357.70 Td (\(209,902) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.30 357.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.60 357.75 Td (\(188,183) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.30 357.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 60.00 346.70 Td (Financing extended to customers) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 166.00 346.70 Td (...............................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.60 346.70 Td (\(67,225) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 346.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.60 346.70 Td (\(82,302) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.30 346.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.60 346.75 Td (\(39,995) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.30 346.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 60.00 334.70 Td (Payments from customer financing) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 174.00 334.70 Td (...........................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.30 334.70 Td (88,154) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 334.70 Td (35,188) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.30 334.70 Td (42,776) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 60.00 322.70 Td (Business acquisitions, net of cash acquired) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 198.00 322.70 Td (...............................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.60 322.70 Td (\(3,674) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 322.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.60 322.70 Td (\(11,890) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.30 322.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.60 322.75 Td (\(305,213) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.30 322.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 60.00 310.70 Td (Other investing activities, net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 156.00 310.70 Td (....................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.30 310.70 Td (40,764) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 310.70 Td (89,543) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.30 310.70 Td (34,684) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 48.00 298.70 Td (Net cash provided by \(used in\) investing activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 210.00 298.70 Td (.........................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.60 298.70 Td (\(405,041) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 298.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.60 298.70 Td (\(3,746,971) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.30 298.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.60 298.75 Td (\(1,908,668) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.30 298.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 48.00 287.70 Td (Cash flows from financing activities:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.00 287.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.00 287.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.00 287.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 60.00 276.70 Td (Proceeds from lines of credit and long-term borrowings) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 238.00 276.70 Td (...........................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.25 276.70 Td (37,295,236) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.25 276.70 Td (31,586,968) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.30 276.70 Td (8,954,420) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 60.00 265.70 Td (Payments on lines of credit, long term-debt and capital lease obligations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.00 265.70 Td (................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 382.60 265.70 Td (\(37,580,959) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 265.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.60 265.70 Td (\(29,232,842) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.30 265.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.60 265.75 Td (\(9,141,240) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.30 265.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 60.00 254.70 Td (Mandatorily redeemable noncontrolling interest payments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 246.00 254.70 Td (.......................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.30 254.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.60 254.70 Td (\(153,022) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.30 254.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.60 254.75 Td (\(65,981) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.30 254.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 60.00 243.70 Td (Preferred stock issued) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 132.00 243.70 Td (................................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.30 243.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.30 243.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.30 243.70 Td (1,010,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 60.00 232.70 Td (Preferred stock dividends paid) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 158.00 232.70 Td (...................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.60 232.70 Td (\(167,642) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 232.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.60 232.70 Td (\(163,324) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.30 232.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.60 232.75 Td (\(133,710) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.30 232.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 60.00 221.70 Td (Redemptions of equities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 138.00 221.70 Td (.............................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.60 221.70 Td (\(35,268) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 221.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.60 221.70 Td (\(23,911) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.30 221.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.60 221.75 Td (\(128,907) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.30 221.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 60.00 210.70 Td (Cash patronage dividends paid) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 160.00 210.70 Td (..................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.60 210.70 Td (\(103,879) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 210.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.60 210.70 Td (\(251,740) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.30 210.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.60 210.75 Td (\(271,226) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.30 210.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 60.00 199.70 Td (Other financing activities, net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 156.00 199.70 Td (....................................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.60 199.70 Td (\(28,681) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 199.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.30 199.70 Td (52,067) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.60 199.75 Td (\(69,528) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.30 199.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 48.00 188.70 Td (Net cash provided by \(used in\) financing activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 210.00 188.70 Td (.........................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.60 188.70 Td (\(621,193) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 188.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 458.30 188.70 Td (1,814,196) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.30 188.70 Td (153,828) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 48.00 177.70 Td (Effect of exchange rate changes on cash and cash equivalents) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 246.00 177.70 Td (.......................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.60 177.70 Td (\(4,694) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 177.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.60 177.70 Td (\(5,223) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.30 177.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 177.70 Td (5,436) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 48.00 166.70 Td (Net increase \(decrease\) in cash and cash equivalents) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 216.00 166.70 Td (......................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.60 166.70 Td (\(97,934) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.30 166.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.60 166.70 Td (\(674,500) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.30 166.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.60 166.75 Td (\(1,179,394) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.30 166.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 48.00 155.70 Td (Cash and cash equivalents at beginning of period) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 206.00 155.70 Td (...........................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 155.70 Td (279,313) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.30 155.70 Td (953,813) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.30 155.70 Td (2,133,207) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 48.00 144.70 Td (Cash and cash equivalents at end of period) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 186.00 144.70 Td (.....................................................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.00 144.70 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 144.70 Td (181,379) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.00 144.70 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.30 144.70 Td (279,313) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.00 144.70 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.30 144.70 Td (953,813) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 124.25 Td (The accompanying notes are an integral part of the consolidated financial statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.20 112.25 Td (CHS Inc. and Subsidiaries) Tj ET Q endstream endobj 199 0 obj <>] /Rotate 0 /Contents 200 0 R>> endobj 200 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.05 31.60 Td (F-7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.30 742.25 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 211.52 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 218.01 742.25 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 288.11 742.25 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 367.29 742.25 Td ( ST) Tj ET Q q 0 0 0 rg BT 381.28 742.25 Td (A) Tj ET Q q 0 0 0 rg BT 387.76 742.25 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (Note 1 ) Tj ET Q q 0 0 0 rg BT 86.00 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 718.25 Td (Organization, Basis of Pr) Tj ET Q q 0 0 0 rg BT 229.59 718.25 Td (esentation and Significant ) Tj ET Q q 0 0 0 rg BT 342.11 718.25 Td (Accounting Policies) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 694.25 Td (Organization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 670.25 Td (CHS Inc. \("CHS", "we", "us", "our"\) is the nation) Tj ET Q q 0 0 0 rg BT 287.53 670.25 Td (s leading integrated agricultural cooperative. ) Tj ET Q q 0 0 0 rg BT 468.02 670.25 Td (As a cooperative, CHS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (is owned by farmers and ranchers and their member cooperatives \("members"\) across the United States. ) Tj ET Q q 0 0 0 rg BT 467.84 658.25 Td (W) Tj ET Q q 0 0 0 rg BT 476.48 658.25 Td (e also have preferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (stockholders that own shares of our various series of preferred stock, which are each listed on the Global Select Market of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (NASDAQ Stock Market LLC \("NASDAQ"\). See Note 9, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 282.58 634.25 Td (Equities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.36 634.25 Td ( for more detailed information.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 610.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 610.25 Td (e buy commodities from and provide products and services to individual agricultural producers, local cooperatives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (and other companies \(including member and other non-member customers\), both domestic and international. ) Tj ET Q q 0 0 0 rg BT 487.75 598.25 Td (Those products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (and services include initial agricultural inputs such as fuels, farm supplies, crop nutrients and crop protection products; as well ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (as agricultural outputs that include grains and oilseeds, grain and oilseed processing and food products, and ethanol production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (and marketing. ) Tj ET Q q 0 0 0 rg BT 111.93 562.25 Td (A) Tj ET Q q 0 0 0 rg BT 118.60 562.25 Td ( portion of our operations are conducted through equity investments and joint ventures whose operating results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (are not fully consolidated with our results; rather) Tj ET Q q 0 0 0 rg BT 244.82 550.25 Td (, a proportionate share of the income or loss from those entities is included as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (component in our net income under the equity method of accounting.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 514.25 Td (Basis of Presentation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 490.25 Td (The consolidated financial statements include the accounts of CHS and all wholly-owned and majority-owned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (subsidiaries and limited liability companies. ) Tj ET Q q 0 0 0 rg BT 228.68 478.25 Td (The ef) Tj ET Q q 0 0 0 rg BT 254.31 478.25 Td (fects of all significant intercompany transactions have been eliminated.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 454.25 Td (The Consolidated Statements of Operations include a separate line called Reserve and impairment char) Tj ET Q q 0 0 0 rg BT 502.61 454.25 Td (ges for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (twelve months ended ) Tj ET Q q 0 0 0 rg BT 136.93 442.25 Td (August 31, 2017, 2016, and 2015, due to the materiality of certain char) Tj ET Q q 0 0 0 rg BT 420.57 442.25 Td (ges incurred during the twelve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (months ended ) Tj ET Q q 0 0 0 rg BT 107.77 430.25 Td (August 31, 2017.) Tj ET Q q 0 0 0 rg BT 178.98 430.25 Td (The char) Tj ET Q q 0 0 0 rg BT 214.06 430.25 Td (ges relate to reserves recorded as a result of a trading partner of ours in Brazil entering ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (into bankruptcy-like proceedings under Brazilian law) Tj ET Q q 0 0 0 rg BT 262.89 418.25 Td (, intangible and fixed asset impairment char) Tj ET Q q 0 0 0 rg BT 437.93 418.25 Td (ges associated with our ) Tj ET Q q 0 0 0 rg BT 532.91 418.25 Td (Ag ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (segment, a fixed asset impairment char) Tj ET Q q 0 0 0 rg BT 205.87 406.25 Td (ge related to an asset in our Ener) Tj ET Q q 0 0 0 rg BT 336.47 406.25 Td (gy segment and all bad debt and loan loss reserve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 394.25 Td (ges.Prior year information has been revised to conform to the current presentation. See additional information related to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (the reserves and impairment char) Tj ET Q q 0 0 0 rg BT 182.54 382.25 Td (ges in Note 2, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 240.59 382.25 Td (Receivables,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.83 382.25 Td ( Note 5) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 320.27 382.25 Td (, Pr) Tj ET Q q 0 0 0 rg BT 334.90 382.25 Td (operty) Tj ET Q q 0 0 0 rg BT 359.90 382.25 Td (, Plant and Equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.89 382.25 Td (, and Note 6) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 498.76 382.25 Td (, Other ) Tj ET Q q 0 0 0 rg BT 529.41 382.25 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.41 382.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 358.25 Td (The notes to our consolidated financial statements refer to our Ener) Tj ET Q q 0 0 0 rg BT 355.17 358.25 Td (gy) Tj ET Q q 0 0 0 rg BT 364.52 358.25 Td (, ) Tj ET Q q 0 0 0 rg BT 368.97 358.25 Td (Ag, Nitrogen Production and Foods reportable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (segments, as well as our Corporate and Other category) Tj ET Q q 0 0 0 rg BT 267.89 346.25 Td (, which represents an aggregation of individually immaterial operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (segments. ) Tj ET Q q 0 0 0 rg BT 92.04 334.25 Td (The Nitrogen Production reportable segment resulted from our investment in CF Industries Nitrogen, LLC \("CF ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (Nitrogen"\) in February 2016. ) Tj ET Q q 0 0 0 rg BT 169.16 322.25 Td (The Foods segment resulted from our investment in ) Tj ET Q q 0 0 0 rg BT 378.38 322.25 Td (V) Tj ET Q q 0 0 0 rg BT 384.50 322.25 Td (entura Foods, LLC \("V) Tj ET Q q 0 0 0 rg BT 476.35 322.25 Td (entura Foods"\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (becoming a significant operating segment in fiscal 2016. See Note 1) Tj ET Q q 0 0 0 rg BT 322.61 310.25 Td (1, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 332.61 310.25 Td (Segment Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.98 310.25 Td ( for more information.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 286.25 Td (Use of Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 262.25 Td (The preparation of financial statements in conformity with U.S. GAAP) Tj ET Q q 0 0 0 rg BT 369.73 262.25 Td ( requires management to make estimates and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (assumptions that af) Tj ET Q q 0 0 0 rg BT 127.03 250.25 Td (fect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (date of the financial statements and the reported amounts of revenues and expenses during the reporting period. ) Tj ET Q q 0 0 0 rg BT 498.00 238.25 Td (W) Tj ET Q q 0 0 0 rg BT 506.64 238.25 Td (e base our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (estimates on assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (carrying values of assets and liabilities. Due to the inherent uncertainty involved in making estimates, actual results could dif) Tj ET Q q 0 0 0 rg BT 549.68 214.25 Td (fer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (from those estimates. On an ongoing basis, we evaluate our estimates and assumptions. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 178.25 Td (Cash and Cash Equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 154.25 Td (Cash equivalents include short-term, highly liquid investments with original maturities of three months or less at the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (date of acquisition. ) Tj ET Q q 0 0 0 rg BT 128.69 142.25 Td (The fair value of cash and cash equivalents approximates the carrying value because of the short maturity of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (the instruments.) Tj ET Q endstream endobj 201 0 obj <>] /Rotate 0 /Contents 202 0 R>> endobj 202 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 9.00 Tf ET q 0 0 0 rg BT 161.35 762.50 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 193.95 762.50 Td (T) Tj ET Q q 0 0 0 rg BT 199.79 762.50 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 262.88 762.50 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 334.14 762.50 Td ( ST) Tj ET Q q 0 0 0 rg BT 346.73 762.50 Td (A) Tj ET Q q 0 0 0 rg BT 352.56 762.50 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.05 31.60 Td (F-8) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 730.25 Td (Inventories) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 706.25 Td (Grain, processed grain, oilseed, processed oilseed and other minimally processed soy-based inventories are stated at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (net realizable value. ) Tj ET Q q 0 0 0 rg BT 132.55 694.25 Td (These inventories are agricultural commodity inventories that are readily convertible to cash because of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (their commodity characteristics, widely available markets and international pricing mechanisms. ) Tj ET Q q 0 0 0 rg BT 438.21 682.25 Td (Agricultural commodity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (inventories have quoted market prices in active markets, may be sold without significant further processing and have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (predictable and insignificant disposal costs. Changes in the net realizable value of merchandisable agricultural commodities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (inventories are recognized in earnings as a component of cost of goods sold.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 622.25 Td (All other inventories are stated at the lower of cost or net realizable value. Costs for inventories produced or modified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (by us through a manufacturing process include fixed and variable production and raw material costs, and in-bound freight costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (for raw materials. Costs for inventories purchased for resale include the cost of products and freight incurred to place the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (products at our points of sale. ) Tj ET Q q 0 0 0 rg BT 170.63 586.25 Td (The costs of certain ener) Tj ET Q q 0 0 0 rg BT 268.74 586.25 Td (gy inventories \(wholesale refined products, crude oil and asphalt\) are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (determined on the last-in, first-out \("LIFO"\) method; all other inventories of non-grain products purchased for resale are valued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (on the first-in, first-out \("FIFO"\) and average cost methods.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 538.25 Td (Derivative Financial Instruments and Hedging ) Tj ET Q q 0 0 0 rg BT 264.04 538.25 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 514.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 514.25 Td (e enter into various derivative instruments to manage our exposure to movements primarily associated with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (agricultural commodity prices and freight costs, and to a lesser degree, foreign currency exchange rates and interest rates. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (Except for certain interest rate swap contracts, which are accounted for as cash flow hedges or fair value hedges, our derivative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (instruments represent economic hedges of price risk for which hedge accounting under ) Tj ET Q q 0 0 0 rg BT 399.33 478.25 Td (Accounting Standards Codification ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (\("ASC"\) ) Tj ET Q q 0 0 0 rg BT 86.60 466.25 Td (T) Tj ET Q q 0 0 0 rg BT 92.01 466.25 Td (opic 815, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 131.72 466.25 Td (Derivatives and Hedging) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.26 466.25 Td (, is not applied. Rather) Tj ET Q q 0 0 0 rg BT 322.39 466.25 Td (, the derivative instruments are recorded on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (Consolidated Balance Sheets at fair value with changes in fair value being recorded directly to earnings, primarily within cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (of goods sold in our Consolidated Statements of Operations. See Note 12, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 347.74 442.25 Td (Derivative Financial Instruments and Hedging ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (Activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.71 430.25 Td (and Note 13, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 143.58 430.25 Td (Fair V) Tj ET Q q 0 0 0 rg BT 168.86 430.25 Td (alue Measur) Tj ET Q q 0 0 0 rg BT 218.76 430.25 Td (ements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.03 430.25 Td (for additional information.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 406.25 Td (Although we have certain netting arrangements for our exchange-traded futures and options contracts and certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (over) Tj ET Q q 0 0 0 rg BT 67.57 394.25 Td (-the-counter \("OTC"\) contracts, we have elected to report our derivative instruments on a gross basis on our Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (Balance Sheets under ) Tj ET Q q 0 0 0 rg BT 138.03 382.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 159.80 382.25 Td (T) Tj ET Q q 0 0 0 rg BT 165.21 382.25 Td (opic 210-20, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 218.26 382.25 Td (Balance Sheet - Offsetting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.95 382.25 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 358.25 Td (Margin Deposits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 334.25 Td (Many of our derivative contracts with futures and options brokers require us to make mar) Tj ET Q q 0 0 0 rg BT 443.50 334.25 Td (gin deposits of cash or other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (assets. Subsequent mar) Tj ET Q q 0 0 0 rg BT 142.30 322.25 Td (gin deposits may also be necessary when changes in commodity prices result in a loss on the contract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (value, to comply with applicable regulations. Our mar) Tj ET Q q 0 0 0 rg BT 266.15 310.25 Td (gin deposit assets are held by external brokers in segregated accounts to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (support the associated derivative contracts and may be used to fund or partially fund the settlement of those contracts as they ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (expire. Similar to our derivative financial instruments, mar) Tj ET Q q 0 0 0 rg BT 285.03 286.25 Td (gin deposits are also reported on a gross basis.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 262.25 Td (Supplier ) Tj ET Q q 0 0 0 rg BT 105.14 262.25 Td (Advance Payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 238.25 Td (Supplier advance payments are typically for periods less than 12 months and primarily include amounts paid for in-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (transit grain purchases from suppliers and amounts paid to crop nutrient suppliers to lock in future supply and pricing. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 202.25 Td (Investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 178.25 Td (The equity method of accounting is used for joint ventures and other investments in which we are able to exercise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (significant influence over the entity) Tj ET Q q 0 0 0 rg BT 194.95 166.25 Td (s operations, but do not have a controlling interest in the entity) Tj ET Q q 0 0 0 rg BT 444.80 166.25 Td (. ) Tj ET Q q 0 0 0 rg BT 449.62 166.25 Td (V) Tj ET Q q 0 0 0 rg BT 455.74 166.25 Td (arious factors are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (considered when assessing significant influence, including our ownership interest, representation on the Board of Directors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (voting rights, and the impact of commercial arrangements that may exist with the entity) Tj ET Q q 0 0 0 rg BT 399.81 142.25 Td (. Our equity in the income or loss of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (these equity method investments is recorded within Equity \(income\) loss from investments in the Consolidated Statements of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (Operations. ) Tj ET Q q 0 0 0 rg BT 98.70 118.25 Td (W) Tj ET Q q 0 0 0 rg BT 107.33 118.25 Td (e account for our investment in CF Nitrogen, LLC using the hypothetical liquidation at book value method which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (is discussed further in) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 137.49 106.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.99 106.25 Td (Note 4) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 166.92 106.25 Td (, Investments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 82.25 Td (The cost method of accounting is used for other investments in which we do not exercise significant influence. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.25 Td (Investments in other cooperatives are stated at cost, plus patronage dividends received in the form of capital stock and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.25 Td (equities. Patronage dividends are recorded as a reduction to cost of goods sold at the time qualified written notices of allocation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.25 Td (are received. ) Tj ET Q endstream endobj 203 0 obj <>] /Rotate 0 /Contents 204 0 R>> endobj 204 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 9.00 Tf ET q 0 0 0 rg BT 161.35 762.50 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 193.95 762.50 Td (T) Tj ET Q q 0 0 0 rg BT 199.79 762.50 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 262.88 762.50 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 334.14 762.50 Td ( ST) Tj ET Q q 0 0 0 rg BT 346.73 762.50 Td (A) Tj ET Q q 0 0 0 rg BT 352.56 762.50 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.05 31.60 Td (F-9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 730.10 Td (Investments in other debt and equity securities are classified as available-for) Tj ET Q q 0 0 0 rg BT 391.24 730.10 Td (-sale financial instruments and are stated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (at fair value, with unrealized gains and losses included as a component of accumulated other comprehensive loss on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (Consolidated Balance Sheets. Investments in debt and equity instruments are carried at amounts that approximate fair values. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 682.10 Td (Property) Tj ET Q q 0 0 0 rg BT 103.18 682.10 Td (, Plant and Equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 658.10 Td (Property) Tj ET Q q 0 0 0 rg BT 119.79 658.10 Td (, plant and equipment are stated at cost less accumulated depreciation and amortization. Depreciation and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (amortization are provided on the straight-line method by char) Tj ET Q q 0 0 0 rg BT 295.85 646.10 Td (ges to operations at rates based upon the expected useful lives of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (individual or groups of assets \(generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.30 634.10 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.30 634.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.07 634.10 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.07 634.10 Td (years for land improvements; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.54 634.10 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.54 634.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.32 634.10 Td (40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.32 634.10 Td ( years for buildings; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.08 634.10 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.08 634.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.86 634.10 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.86 634.10 Td (years for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (machinery and equipment; and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.07 622.10 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.07 622.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.85 622.10 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.85 622.10 Td ( years for of) Tj ET Q q 0 0 0 rg BT 252.26 622.10 Td (fice and other\). Expenditures for maintenance and minor repairs and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (renewals are expensed, while the costs for major maintenance activities are capitalized and amortized on a straight-line basis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (over the period estimated to lapse until the next major maintenance activity occurs. ) Tj ET Q q 0 0 0 rg BT 384.71 598.10 Td (W) Tj ET Q q 0 0 0 rg BT 393.34 598.10 Td (e also capitalize and amortize eligible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (costs to acquire or develop internal-use software that are incurred during the application development stage. ) Tj ET Q q 0 0 0 rg BT 484.11 586.10 Td (When assets are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (sold or otherwise disposed of, the cost and related accumulated depreciation and amortization are removed from the related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (accounts and resulting gains or losses are reflected in operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 538.10 Td (Property) Tj ET Q q 0 0 0 rg BT 119.79 538.10 Td (, plant and equipment and other long-lived assets are reviewed for impairment when events or changes in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (circumstances indicate that the carrying amounts may not be recoverable. ) Tj ET Q q 0 0 0 rg BT 346.09 526.10 Td (This evaluation of recoverability is based on various ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (indicators, including the nature, future economic benefits and geographic locations of the assets, historical or future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (profitability measures, and other external market conditions. If these indicators suggest that the carrying amounts of an asset or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (asset group may not be recoverable, potential impairment is evaluated using undiscounted estimated future cash flows. Should ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (the sum of the expected future net cash flows be less than the carrying value, an impairment loss would be recognized. ) Tj ET Q q 0 0 0 rg BT 526.24 478.10 Td (An ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (impairment loss would be measured by the amount by which the carrying value of the asset or asset group exceeds its fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (value. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 430.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 430.10 Td (e have asset retirement obligations with respect to certain of our refineries and other assets due to various legal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (obligations to clean and/or dispose of the component parts at the time they are retired. In most cases, these assets can be used ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (for extended and indeterminate periods of time, if they are properly maintained and/or upgraded. It is our practice and current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (intent to maintain refineries and related assets and to continue making improvements to those assets based on technological ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (advances. ) Tj ET Q q 0 0 0 rg BT 91.09 382.10 Td (As a result, we believe our refineries and related assets have indeterminate lives for purposes of estimating asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (retirement obligations because dates or ranges of dates upon which we would retire a refinery and related assets cannot ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (reasonably be estimated at this time. ) Tj ET Q q 0 0 0 rg BT 197.83 358.10 Td (When a date or range of dates can reasonably be estimated for the retirement of any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (component part of a refinery or other asset, we will estimate the cost of performing the retirement activities and record a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (liability for the fair value of that future cost.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 310.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 310.10 Td (e have other assets that we may be obligated to dismantle at the end of corresponding lease terms subject to lessor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (discretion for which we have recorded asset retirement obligations. Based on our estimates of the timing, cost and probability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (of removal, these obligations are not material. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 262.10 Td (Major Maintenance ) Tj ET Q q 0 0 0 rg BT 152.64 262.10 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 238.10 Td (W) Tj ET Q q 0 0 0 rg BT 95.04 238.10 Td (ithin our Ener) Tj ET Q q 0 0 0 rg BT 150.40 238.10 Td (gy segment, major maintenance activities \(turnarounds\) are performed at our Laurel, Montana and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (McPherson, Kansas refineries regularly) Tj ET Q q 0 0 0 rg BT 207.63 226.10 Td (. ) Tj ET Q q 0 0 0 rg BT 212.45 226.10 Td (T) Tj ET Q q 0 0 0 rg BT 218.21 226.10 Td (urnarounds are the planned and required shutdowns of refinery processing units, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (which include the replacement or overhaul of equipment that have experienced decreased ef) Tj ET Q q 0 0 0 rg BT 417.98 214.10 Td (ficiency in resource conversion. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (Because turnarounds are performed to extend the life, increase the capacity) Tj ET Q q 0 0 0 rg BT 350.04 202.10 Td (, and/or improve the safety or ef) Tj ET Q q 0 0 0 rg BT 478.43 202.10 Td (ficiency of refinery ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (processing assets, we follow the deferral method of accounting for turnarounds. Expenditures for turnarounds are capitalized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (\(deferred\) when incurred and amortized on a straight-line basis over a period of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.70 178.10 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.70 178.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.48 178.10 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.48 178.10 Td ( years, which is the estimated time lapse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (between turnarounds. Should the estimated period between turnarounds change, we may be required to amortize the remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (cost of the turnaround over a shorter period, which would result in higher depreciation and amortization costs. Capitalized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (turnaround costs are included in other assets \(long-term\) on our Consolidated Balance Sheets and amortization expense related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (to the capitalized turnaround costs is included in cost of goods sold in our Consolidated Statements of Operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 100.70 Td (The selection of the deferral method, as opposed to expensing the turnaround costs when incurred, results in deferring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.70 Td (recognition of the turnaround expenditures. ) Tj ET Q q 0 0 0 rg BT 225.88 88.70 Td (The deferral method also results in the classification of the related cash outflows as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.70 Td (investing activities in our Consolidated Statements of Cash Flows, whereas expensing these costs as incurred, would result in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.70 Td (classifying the cash outflows as operating activities. Repair) Tj ET Q q 0 0 0 rg BT 286.76 64.70 Td (, maintenance and related labor costs are expensed as incurred and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.70 Td (are included in operating cash flows.) Tj ET Q endstream endobj 205 0 obj <>] /Rotate 0 /Contents 206 0 R>> endobj 206 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 9.00 Tf ET q 0 0 0 rg BT 161.35 762.50 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 193.95 762.50 Td (T) Tj ET Q q 0 0 0 rg BT 199.79 762.50 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 262.88 762.50 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 334.14 762.50 Td ( ST) Tj ET Q q 0 0 0 rg BT 346.73 762.50 Td (A) Tj ET Q q 0 0 0 rg BT 352.56 762.50 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-10) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 730.25 Td (Goodwill and Other Intangible ) Tj ET Q q 0 0 0 rg BT 197.10 730.25 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 706.25 Td (Goodwill and other intangible assets are included in other assets \(long-term\) on our Consolidated Balance Sheets. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (Goodwill represents the excess of cost over the fair value of identifiable assets acquired.Goodwill is tested for impairment on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (an annual basis as of July 31, or more frequently if events or circumstances occur which could indicate impairment.Goodwill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (is tested for impairment at the reporting unit level, which has been determined to be our operating segments or one level below ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (our operating segments in certain instances. During the fourth quarter of fiscal year 2017, we voluntarily changed our annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (goodwill impairment testing date from May 31 to July 31. ) Tj ET Q q 0 0 0 rg BT 284.51 646.25 Td (W) Tj ET Q q 0 0 0 rg BT 293.15 646.25 Td (e believe this change in the method of applying an accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (principle is preferable as the change better aligns our annual impairment testing procedures with year) Tj ET Q q 0 0 0 rg BT 454.65 634.25 Td (-end financial reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (and the annual long-range plan and forecasting process. In connection with the change in the annual goodwill impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (testing date, we performed the annual goodwill impairment testing procedures as of both May 31, 2017, and July 31, 2017, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (no impairments were identified. ) Tj ET Q q 0 0 0 rg BT 180.06 598.25 Td (This change did not accelerate, delay) Tj ET Q q 0 0 0 rg BT 327.67 598.25 Td (, avoid, or cause an impairment char) Tj ET Q q 0 0 0 rg BT 472.99 598.25 Td (ge, nor did this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (change result in adjustments to previously issued financial statements. ) Tj ET Q q 0 0 0 rg BT 333.09 586.25 Td (The change will be applied prospectively) Tj ET Q q 0 0 0 rg BT 497.10 586.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 562.25 Td (Other intangible assets consist primarily of customer lists, trademarks and non-compete agreements. Intangible assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (subject to amortization are expensed over their respective useful lives, which generally range from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.79 550.25 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.79 550.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.57 550.25 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.57 550.25 Td (years. ) Tj ET Q q 0 0 0 rg BT 502.99 550.25 Td (W) Tj ET Q q 0 0 0 rg BT 511.63 550.25 Td (e have no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (material intangible assets with indefinite useful lives. See Note 6, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 314.38 538.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 340.03 538.25 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.03 538.25 Td ( for more information on goodwill and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (intangible assets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 502.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 502.25 Td (e made acquisitions during the three years ended ) Tj ET Q q 0 0 0 rg BT 291.24 502.25 Td (August31, 2017, which were accounted for using the acquisition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (method of accounting. Operating results for these acquisitions were included in our consolidated financial statements beginning ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (on the respective acquisition dates. ) Tj ET Q q 0 0 0 rg BT 192.00 478.25 Td (The respective purchase prices were preliminarily allocated to the assets, liabilities and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (identifiable intangible assets acquired based upon the acquisition-date fair values. ) Tj ET Q q 0 0 0 rg BT 378.51 466.25 Td (Any excess purchase price over the fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (values of the acquired net assets acquired was recognized as goodwill. See Note 17, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 387.67 454.25 Td (Acquisitions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.11 454.25 Td ( for more information on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (acquisition activity) Tj ET Q q 0 0 0 rg BT 125.72 442.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 418.25 Td (Revenue Recognition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 394.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 394.25 Td (e provide a wide variety of products and services, from agricultural inputs such as fuels, farm supplies and crop ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (nutrients, to agricultural outputs that include grain and oilseed, processed grains and oilseeds and food products, and ethanol ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (production and marketing. ) Tj ET Q q 0 0 0 rg BT 158.13 370.25 Td (W) Tj ET Q q 0 0 0 rg BT 166.76 370.25 Td (e recognize revenue when persuasive evidence of an arrangement exists, delivery has occurred, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (the sales price is fixed or determinable, and collectability is reasonably assured. Sales are generally recognized upon transfer of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (title, which could occur either upon shipment to or receipt by the customer) Tj ET Q q 0 0 0 rg BT 348.13 346.25 Td (, depending upon the terms of the transaction. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (Shipping and handling amounts billed to a customer as part of a sales transaction are included in revenues and the related costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (are included in cost of goods sold. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 298.25 Td (Environmental Expenditures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 274.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 274.25 Td (e are subject to various federal, state, and local environmental laws and regulations. Environmental expenditures are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (expensed or capitalized depending on their future economic benefit. Liabilities, including legal costs, related to remediation of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (contaminated properties are recognized when the related costs are considered probable and can be reasonably estimated. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (Estimates of environmental costs are based on current available facts, existing technology) Tj ET Q q 0 0 0 rg BT 408.68 238.25 Td (, undiscounted site-specific costs and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (currently enacted laws and regulations. Recoveries, if any) Tj ET Q q 0 0 0 rg BT 280.65 226.25 Td (, are recorded in the period in which recovery is received. Liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (are monitored and adjusted as new facts or changes in law or technology occur) Tj ET Q q 0 0 0 rg BT 364.61 214.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 190.25 Td (Income T) Tj ET Q q 0 0 0 rg BT 106.80 190.25 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 166.25 Td (CHS is a nonexempt agricultural cooperative and files a consolidated federal income tax return with our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.75 166.25 Td (80%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.08 166.25 Td ( or more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (owned subsidiaries. ) Tj ET Q q 0 0 0 rg BT 131.20 154.25 Td (W) Tj ET Q q 0 0 0 rg BT 139.83 154.25 Td (e are subject to tax on income from nonpatronage sources, non-qualified patronage distributions and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (undistributed patronage-sourced income. Income tax expense is primarily the current tax payable for the period and the change ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (during the period in certain deferred tax assets and liabilities. Deferred income taxes reflect the impact of temporary dif) Tj ET Q q 0 0 0 rg BT 527.68 130.25 Td (ferences ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (between the amounts of assets and liabilities recognized for financial reporting purposes and such amounts recognized for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (federal and state income tax purposes, based on enacted tax laws and statutory tax rates applicable to the periods in which the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (dif) Tj ET Q q 0 0 0 rg BT 60.93 94.25 Td (ferences are expected to af) Tj ET Q q 0 0 0 rg BT 167.34 94.25 Td (fect taxable income. ) Tj ET Q q 0 0 0 rg BT 250.45 94.25 Td (V) Tj ET Q q 0 0 0 rg BT 256.56 94.25 Td (aluation allowances are established, when necessary) Tj ET Q q 0 0 0 rg BT 464.72 94.25 Td (, to reduce deferred tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (assets to the amount expected to be realized. ) Tj ET Q endstream endobj 207 0 obj <>] /Rotate 0 /Contents 208 0 R>> endobj 208 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 9.00 Tf ET q 0 0 0 rg BT 161.35 762.50 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 193.95 762.50 Td (T) Tj ET Q q 0 0 0 rg BT 199.79 762.50 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 262.88 762.50 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 334.14 762.50 Td ( ST) Tj ET Q q 0 0 0 rg BT 346.73 762.50 Td (A) Tj ET Q q 0 0 0 rg BT 352.56 762.50 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.70 31.60 Td (F-1) Tj ET Q q 0 0 0 rg BT 310.22 31.60 Td (1) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 742.25 Td (Recent ) Tj ET Q q 0 0 0 rg BT 98.45 742.25 Td (Accounting Pronouncements) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 718.25 Td (Adopted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 694.25 Td (In January 2017, the Financial ) Tj ET Q q 0 0 0 rg BT 209.31 694.25 Td (Accounting Standards Board \(the F) Tj ET Q q 0 0 0 rg BT 354.64 694.25 Td (ASB\) issued ) Tj ET Q q 0 0 0 rg BT 411.31 694.25 Td (Accounting Standards Update ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (\("ASU"\) No. 2017-04, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 142.88 682.25 Td (Simplifying the T) Tj ET Q q 0 0 0 rg BT 210.29 682.25 Td (est for Goodwill Impairment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.46 682.25 Td (. ) Tj ET Q q 0 0 0 rg BT 329.28 682.25 Td (The amendments within this ) Tj ET Q q 0 0 0 rg BT 444.82 682.25 Td (ASU eliminate Step 2 of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (goodwill impairment test, which requires an entity to determine goodwill impairment by calculating the implied fair value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (goodwill by hypothetically assigning the fair value of a reporting unit to all of its assets and liabilities as if that reporting unit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (had been acquired in a business combination. Under the amended standard, goodwill impairment is instead measured using ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (Step 1 of the goodwill impairment test with goodwill impairment being equal to the amount by which a reporting unit) Tj ET Q q 0 0 0 rg BT 523.53 634.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (carrying value exceeds its fair value, not to exceed the carrying value of goodwill. ) Tj ET Q q 0 0 0 rg BT 380.80 622.25 Td (W) Tj ET Q q 0 0 0 rg BT 389.44 622.25 Td (e elected to early adopt ) Tj ET Q q 0 0 0 rg BT 484.12 622.25 Td (ASU No. 2017-04 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (during the second quarter of fiscal 2017. ) Tj ET Q q 0 0 0 rg BT 214.21 610.25 Td (The amendments have been applied to the annual goodwill impairment testing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (performed as of May 31, 2017, and July 31, 2017, and will be applied prospectively to all future goodwill impairment tests ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (performed on an interim or annual basis.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 562.25 Td (In ) Tj ET Q q 0 0 0 rg BT 96.28 562.25 Td (April 2015, the F) Tj ET Q q 0 0 0 rg BT 164.42 562.25 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 213.32 562.25 Td (ASU No. 2015-03, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 291.38 562.25 Td (Inter) Tj ET Q q 0 0 0 rg BT 310.45 562.25 Td (est-Imputation of Inter) Tj ET Q q 0 0 0 rg BT 400.62 562.25 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.73 562.25 Td ( \(Subtopic 835-30\): ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 492.55 562.25 Td (Simplifying the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.63 550.25 Td (esentation of Debt Issuance Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.17 550.25 Td (, which simplifies the presentation of debt issuance costs. ) Tj ET Q q 0 0 0 rg BT 426.88 550.25 Td (This ) Tj ET Q q 0 0 0 rg BT 446.61 550.25 Td (ASU requires the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (presentation of debt issuance costs on the balance sheet as a deduction from the carrying amount of the related debt liability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (instead of a deferred financing cost. ) Tj ET Q q 0 0 0 rg BT 195.59 526.25 Td (This ) Tj ET Q q 0 0 0 rg BT 215.32 526.25 Td (ASU was ef) Tj ET Q q 0 0 0 rg BT 263.46 526.25 Td (fective for us beginning September 1, 2016, for our fiscal year 2017 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (for interim periods within that fiscal year) Tj ET Q q 0 0 0 rg BT 213.84 514.25 Td (. ) Tj ET Q q 0 0 0 rg BT 218.29 514.25 Td (As a result,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.06 514.25 Td ($5.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.95 514.25 Td (of deferred issuance costs related to private placement debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (and bank financing have been reclassified from other assets to long-term debt as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.78 502.25 Td (August31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.17 502.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 478.25 Td (In ) Tj ET Q q 0 0 0 rg BT 96.28 478.25 Td (August 2015, the F) Tj ET Q q 0 0 0 rg BT 172.21 478.25 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 221.11 478.25 Td (ASU No. 2015-15, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 299.16 478.25 Td (Inter) Tj ET Q q 0 0 0 rg BT 318.23 478.25 Td (est-Imputation of Inter) Tj ET Q q 0 0 0 rg BT 408.40 478.25 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.51 478.25 Td ( \(Subtopic 835-30\): ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 500.34 478.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 509.96 478.25 Td (esentation ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (and Subsequent Measur) Tj ET Q q 0 0 0 rg BT 145.73 466.25 Td (ement of Debt Issuance Costs ) Tj ET Q q 0 0 0 rg BT 266.36 466.25 Td (Associated with Line-of-Cr) Tj ET Q q 0 0 0 rg BT 374.32 466.25 Td (edit ) Tj ET Q q 0 0 0 rg BT 391.64 466.25 Td (Arrangements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.30 466.25 Td (, which codifies an SEC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (staf) Tj ET Q q 0 0 0 rg BT 64.26 454.25 Td (f announcement that entities are permitted to defer and present debt issuance costs related to line of credit arrangements as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (assets. ) Tj ET Q q 0 0 0 rg BT 77.78 442.25 Td (ASU No. 2015-15 was ef) Tj ET Q q 0 0 0 rg BT 178.97 442.25 Td (fective immediately) Tj ET Q q 0 0 0 rg BT 258.01 442.25 Td (. ) Tj ET Q q 0 0 0 rg BT 262.46 442.25 Td (At ) Tj ET Q q 0 0 0 rg BT 274.41 442.25 Td (August 31, 2016, we had unamortized deferred financing costs related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (to our line of credit arrangements, and we will continue to present debt issuance costs related to line of credit arrangements in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (other assets in our Consolidated Balance Sheets.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 394.25 Td (Not Y) Tj ET Q q 0 0 0 rg BT 89.59 394.25 Td (et ) Tj ET Q q 0 0 0 rg BT 99.13 394.25 Td (Adopted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 370.25 Td (In ) Tj ET Q q 0 0 0 rg BT 96.28 370.25 Td (August 2017, the F) Tj ET Q q 0 0 0 rg BT 172.21 370.25 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 221.11 370.25 Td (ASU No. 2017-12) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 294.16 370.25 Td (, Derivatives and Hedging ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.20 370.25 Td (\(T) Tj ET Q q 0 0 0 rg BT 410.94 370.25 Td (opic 815\):) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 451.76 370.25 Td ( T) Tj ET Q q 0 0 0 rg BT 458.91 370.25 Td (ar) Tj ET Q q 0 0 0 rg BT 467.43 370.25 Td (geted Impr) Tj ET Q q 0 0 0 rg BT 510.65 370.25 Td (ovements to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (Accounting for Hedging ) Tj ET Q q 0 0 0 rg BT 148.97 358.25 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.18 358.25 Td (. ) Tj ET Q q 0 0 0 rg BT 191.00 358.25 Td (This ) Tj ET Q q 0 0 0 rg BT 210.72 358.25 Td (ASU is intended to improve the financial reporting of hedging relationships to better ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (represent the economic results of an entity) Tj ET Q q 0 0 0 rg BT 222.16 346.25 Td (s risk management activities in its financial statements and make certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (improvements to simplify the application of the hedge accounting guidance. ) Tj ET Q q 0 0 0 rg BT 356.68 334.25 Td (The amendments in this ) Tj ET Q q 0 0 0 rg BT 454.44 334.25 Td (ASU will make more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (financial and nonfinancial hedging strategies eligible for hedge accounting, amend the presentation and disclosure requirements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (and change how entities assess ef) Tj ET Q q 0 0 0 rg BT 183.39 310.25 Td (fectiveness. Entities are required to apply this ) Tj ET Q q 0 0 0 rg BT 367.78 310.25 Td (ASU's provisions as a cumulative-ef) Tj ET Q q 0 0 0 rg BT 513.26 310.25 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is adopted. ) Tj ET Q q 0 0 0 rg BT 504.14 298.25 Td (This ) Tj ET Q q 0 0 0 rg BT 523.87 298.25 Td (ASU is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 286.25 Td (fective for us beginning September 1, 2019, for our fiscal year 2020 and for interim periods within that fiscal year) Tj ET Q q 0 0 0 rg BT 512.73 286.25 Td (. ) Tj ET Q q 0 0 0 rg BT 517.55 286.25 Td (W) Tj ET Q q 0 0 0 rg BT 526.19 286.25 Td (e are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (currently evaluating the impact the adoption will have on our consolidated financial statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 250.25 Td (In March 2017, the F) Tj ET Q q 0 0 0 rg BT 169.96 250.25 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 218.87 250.25 Td (ASU No. 2017-07, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 296.92 250.25 Td (Compensation - Retir) Tj ET Q q 0 0 0 rg BT 382.66 250.25 Td (ement Benefits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.74 250.25 Td (\(T) Tj ET Q q 0 0 0 rg BT 452.48 250.25 Td (opic 715\): ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 495.81 250.25 Td (Impr) Tj ET Q q 0 0 0 rg BT 514.88 250.25 Td (oving the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.63 238.25 Td (esentation of Net Periodic Pension Costs and Net Postr) Tj ET Q q 0 0 0 rg BT 281.46 238.25 Td (etir) Tj ET Q q 0 0 0 rg BT 294.98 238.25 Td (ement Benefit Cost. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.52 238.25 Td (This ) Tj ET Q q 0 0 0 rg BT 395.24 238.25 Td (ASU changes the presentation of net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (periodic pension cost and net periodic postretirement benefit cost in the income statement. ) Tj ET Q q 0 0 0 rg BT 413.60 226.25 Td (This ) Tj ET Q q 0 0 0 rg BT 433.33 226.25 Td (ASU requires that the service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (cost component should be included in the same income statement line item as other compensation costs arising from services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (rendered by the employees during the period. ) Tj ET Q q 0 0 0 rg BT 233.65 202.25 Td (The other components of net periodic benefit cost should be presented in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (income statement separately outside of operating income if that subtotal is presented. ) Tj ET Q q 0 0 0 rg BT 392.40 190.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 442.30 190.25 Td (, only service cost may be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (capitalized in assets. ) Tj ET Q q 0 0 0 rg BT 134.23 178.25 Td (This ) Tj ET Q q 0 0 0 rg BT 153.96 178.25 Td (ASU is ef) Tj ET Q q 0 0 0 rg BT 193.22 178.25 Td (fective for us beginning September 1, 2018, for our fiscal year 2019 and for interim periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (within that fiscal year) Tj ET Q q 0 0 0 rg BT 136.36 166.25 Td (. Early adoption is permitted as of the beginning of an annual period for which interim financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (statements have not been issued or made available for issuance. ) Tj ET Q q 0 0 0 rg BT 306.67 154.25 Td (The guidance on the presentation of the components of net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (periodic benefit cost in the income statement should be applied retrospectively and the guidance regarding the capitalization of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (the service cost component in assets should be applied prospectively) Tj ET Q q 0 0 0 rg BT 323.45 130.25 Td (. ) Tj ET Q q 0 0 0 rg BT 328.27 130.25 Td (The adoption of this amended guidance is not expected to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (have a material impact on our consolidated financial statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 94.25 Td (In January 2017, the F) Tj ET Q q 0 0 0 rg BT 174.96 94.25 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 223.87 94.25 Td (ASU No. 2017-01, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 301.92 94.25 Td (Business Combinations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.04 94.25 Td (\(T) Tj ET Q q 0 0 0 rg BT 406.78 94.25 Td (opic 805\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 444.83 94.25 Td (: Clarifying the Definition of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (a Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.50 82.25 Td (. ) Tj ET Q q 0 0 0 rg BT 97.32 82.25 Td (The amendments within this ) Tj ET Q q 0 0 0 rg BT 212.86 82.25 Td (ASU narrow the existing definition of a business and provide a more robust framework ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.25 Td (for evaluating whether a transaction should be accounted for as an acquisition \(or disposal\) of assets or a business. ) Tj ET Q q 0 0 0 rg BT 509.69 70.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.25 Td (definition of a business impacts various areas of accounting, including acquisitions, disposals and goodwill. Under the new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.25 Td (guidance, fewer acquisitions are expected to be considered businesses. ) Tj ET Q q 0 0 0 rg BT 334.44 46.25 Td (This ) Tj ET Q q 0 0 0 rg BT 354.17 46.25 Td (ASU is ef) Tj ET Q q 0 0 0 rg BT 393.43 46.25 Td (fective for us beginning September 1, ) Tj ET Q endstream endobj 209 0 obj <>] /Rotate 0 /Contents 210 0 R>> endobj 210 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 9.00 Tf ET q 0 0 0 rg BT 161.35 762.50 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 193.95 762.50 Td (T) Tj ET Q q 0 0 0 rg BT 199.79 762.50 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 262.88 762.50 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 334.14 762.50 Td ( ST) Tj ET Q q 0 0 0 rg BT 346.73 762.50 Td (A) Tj ET Q q 0 0 0 rg BT 352.56 762.50 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (2018, for our fiscal year 2019 and for interim periods within that fiscal year) Tj ET Q q 0 0 0 rg BT 352.13 742.10 Td (. Early adoption is permitted and the guidance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (should be applied prospectively to transactions following the adoption date. ) Tj ET Q q 0 0 0 rg BT 355.03 730.10 Td (The adoption of this amended guidance is not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (expected to have a material impact on our consolidated financial statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 694.10 Td (In November 2016, the F) Tj ET Q q 0 0 0 rg BT 186.07 694.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 234.97 694.10 Td (ASU No. 2016-18, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 313.03 694.10 Td (Statement of Cash Flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.75 694.10 Td ( \(T) Tj ET Q q 0 0 0 rg BT 423.99 694.10 Td (opic 230\): ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 467.32 694.10 Td (Restricted Cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.92 694.10 Td (. ) Tj ET Q q 0 0 0 rg BT 535.74 694.10 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (ASU is intended to reduce diversity in practice by adding or clarifying guidance on classification and presentation of changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (in restricted cash on the statement of cash flows. ) Tj ET Q q 0 0 0 rg BT 246.43 670.10 Td (This ) Tj ET Q q 0 0 0 rg BT 266.15 670.10 Td (ASU is ef) Tj ET Q q 0 0 0 rg BT 305.42 670.10 Td (fective for us beginning September 1, 2018, for our fiscal year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (2019 and for interim periods within that fiscal year) Tj ET Q q 0 0 0 rg BT 253.28 658.10 Td (. Early adoption is permitted, including in an interim period. ) Tj ET Q q 0 0 0 rg BT 496.66 658.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (amendments in this ) Tj ET Q q 0 0 0 rg BT 129.72 646.10 Td (ASU should be applied retrospectively to all periods presented. ) Tj ET Q q 0 0 0 rg BT 385.03 646.10 Td (The adoption of this amended guidance is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (not expected to have a material impact on our consolidated statement of cash flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 610.10 Td (In October 2016, theF) Tj ET Q q 0 0 0 rg BT 176.07 610.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 224.97 610.10 Td (ASUNo.2016-16, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 303.03 610.10 Td (Income T) Tj ET Q q 0 0 0 rg BT 339.60 610.10 Td (axes - Intra-Entity T) Tj ET Q q 0 0 0 rg BT 420.42 610.10 Td (ransfers of ) Tj ET Q q 0 0 0 rg BT 465.80 610.10 Td (Assets Other Than ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (Inventory) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.32 598.10 Td ( \(T) Tj ET Q q 0 0 0 rg BT 99.56 598.10 Td (opic 740\). ) Tj ET Q q 0 0 0 rg BT 142.42 598.10 Td (This ) Tj ET Q q 0 0 0 rg BT 162.15 598.10 Td (ASU is intended to improve the accounting for the income tax consequences of intra-entity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (transfers of assets other than inventory by requiring an entity to recognize the income tax consequences when a transfer occurs, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (instead of when an asset is sold to an outside party) Tj ET Q q 0 0 0 rg BT 251.53 574.10 Td (. ) Tj ET Q q 0 0 0 rg BT 256.35 574.10 Td (The amendments in this ) Tj ET Q q 0 0 0 rg BT 354.12 574.10 Td (ASU should be applied on a modified retrospective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (basis through a cumulative-ef) Tj ET Q q 0 0 0 rg BT 168.39 562.10 Td (fect adjustment directly to retained earnings as of the beginning of the period of adoption. ) Tj ET Q q 0 0 0 rg BT 529.77 562.10 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (ASU is ef) Tj ET Q q 0 0 0 rg BT 89.26 550.10 Td (fective for us beginning September 1, 2018, for our fiscal year 2019 and for interim periods within that fiscal year) Tj ET Q q 0 0 0 rg BT 544.41 550.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (Early adoption is permitted as of the beginning of an annual reporting period for which interim or annual financial statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (have not been issued. ) Tj ET Q q 0 0 0 rg BT 137.85 526.10 Td (The adoption of this amended guidance is not expected to have a material impact on our consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (financial statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 490.10 Td (In ) Tj ET Q q 0 0 0 rg BT 96.28 490.10 Td (August 2016, the F) Tj ET Q q 0 0 0 rg BT 172.21 490.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 221.11 490.10 Td (ASU No. 2016-15, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 299.16 490.10 Td (Statement of Cash Flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.89 490.10 Td ( \(T) Tj ET Q q 0 0 0 rg BT 410.13 490.10 Td (opic 230\): ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 453.45 490.10 Td (Classification of Certain ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (Cash Receipts and Cash Payments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.37 478.10 Td ( ) Tj ET Q q 0 0 0 rg BT 193.69 478.10 Td (This ) Tj ET Q q 0 0 0 rg BT 213.42 478.10 Td (ASU is intended to reduce existing diversity in practice in how certain cash receipts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (and payments are presented and classified in the statement of cash flows. ) Tj ET Q q 0 0 0 rg BT 344.44 466.10 Td (This ) Tj ET Q q 0 0 0 rg BT 364.17 466.10 Td (ASU is ef) Tj ET Q q 0 0 0 rg BT 403.43 466.10 Td (fective for us beginning September 1, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (2018, for our fiscal year 2019 and for interim periods within that fiscal year) Tj ET Q q 0 0 0 rg BT 352.13 454.10 Td (. ) Tj ET Q q 0 0 0 rg BT 356.95 454.10 Td (The adoption of this amended guidance is not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (expected to have a material impact on our consolidated statement of cash flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 418.10 Td (In June 2016, the F) Tj ET Q q 0 0 0 rg BT 162.20 418.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 211.10 418.10 Td (ASU No. 2016-13, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 289.15 418.10 Td (Financial Instruments - Cr) Tj ET Q q 0 0 0 rg BT 396.28 418.10 Td (edit Losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.95 418.10 Td (\(T) Tj ET Q q 0 0 0 rg BT 451.69 418.10 Td (opic 326\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 489.74 418.10 Td (: Measur) Tj ET Q q 0 0 0 rg BT 525.75 418.10 Td (ement of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (Cr) Tj ET Q q 0 0 0 rg BT 60.19 406.10 Td (edit Losses on Financial Instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.96 406.10 Td (. ) Tj ET Q q 0 0 0 rg BT 212.78 406.10 Td (The amendments in this ) Tj ET Q q 0 0 0 rg BT 310.55 406.10 Td (ASU introduce a new approach, based on expected losses, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (estimate credit losses on certain types of financial instruments. ) Tj ET Q q 0 0 0 rg BT 303.08 394.10 Td (This ) Tj ET Q q 0 0 0 rg BT 322.81 394.10 Td (ASU is intended to provide financial statement) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 510.54 394.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.04 394.10 Td (users with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (more decision-useful information about the expected credit losses associated with most financial assets measured at amortized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (cost and certain other instruments, including trade and other receivables, loans, held-to-maturity debt securities, net investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (in leases, and of) Tj ET Q q 0 0 0 rg BT 114.24 358.10 Td (f-balance-sheet credit exposures. Entities are required to apply this ) Tj ET Q q 0 0 0 rg BT 383.03 358.10 Td (ASU) Tj ET Q q 0 0 0 rg BT 405.82 358.10 Td (s provisions as a cumulative-ef) Tj ET Q q 0 0 0 rg BT 529.49 358.10 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is adopted. ) Tj ET Q q 0 0 0 rg BT 504.14 346.10 Td (This ) Tj ET Q q 0 0 0 rg BT 523.87 346.10 Td (ASU is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 334.10 Td (fective for us beginning September) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 198.10 334.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.60 334.10 Td (1, 2020, for our fiscal year 2021 and for interim periods within that fiscal year) Tj ET Q q 0 0 0 rg BT 512.73 334.10 Td (. ) Tj ET Q q 0 0 0 rg BT 517.55 334.10 Td (W) Tj ET Q q 0 0 0 rg BT 526.19 334.10 Td (e are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (currently evaluating the impact the adoption will have on our consolidated financial statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 298.10 Td (In February 2016, the F) Tj ET Q q 0 0 0 rg BT 179.96 298.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 228.87 298.10 Td (ASU No. 2016-02, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 306.92 298.10 Td (Leases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.64 298.10 Td (\(T) Tj ET Q q 0 0 0 rg BT 345.38 298.10 Td (opic 842\), which replaces the existing guidance in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (ASC 840 - ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 95.28 286.10 Td (Leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.50 286.10 Td (. ) Tj ET Q q 0 0 0 rg BT 127.32 286.10 Td (The amendments within this ) Tj ET Q q 0 0 0 rg BT 242.87 286.10 Td (ASU introduce a lessee model requiring entities to recognize assets and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (liabilities for most leases, but continue recognizing the associated expenses in a manner similar to existing accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (guidance. ) Tj ET Q q 0 0 0 rg BT 90.91 262.10 Td (This ) Tj ET Q q 0 0 0 rg BT 110.64 262.10 Td (ASU does not make fundamental changes to existing lessor accounting; however) Tj ET Q q 0 0 0 rg BT 434.05 262.10 Td (, it does modify what ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (constitutes a sales-type or direct financing lease and the related accounting, and aligns a number of the underlying principles ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (with those of the new revenue standard, ) Tj ET Q q 0 0 0 rg BT 211.06 238.10 Td (ASU No. 2014-09. ) Tj ET Q q 0 0 0 rg BT 288.94 238.10 Td (The guidance also eliminates existing real estate-specific provisions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (and requires expanded qualitative and quantitative disclosures.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 300.75 226.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.00 226.10 Td (Entities are required to apply this ) Tj ET Q q 0 0 0 rg BT 437.97 226.10 Td (ASU) Tj ET Q q 0 0 0 rg BT 460.75 226.10 Td (s provisions using a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (modified retrospective approach at the beginning of the earliest comparative period presented in the year of adoption. ) Tj ET Q q 0 0 0 rg BT 521.87 214.10 Td (This ) Tj ET Q q 0 0 0 rg BT 541.59 214.10 Td (ASU ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (is ef) Tj ET Q q 0 0 0 rg BT 66.76 202.10 Td (fective for us beginning September 1, 2019, for our fiscal year 2020 and for interim periods within that fiscal year) Tj ET Q q 0 0 0 rg BT 521.90 202.10 Td (. ) Tj ET Q q 0 0 0 rg BT 526.72 202.10 Td (W) Tj ET Q q 0 0 0 rg BT 535.36 202.10 Td (e are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (currently evaluating the impact the adoption will have on our consolidated financial statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 178.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 166.10 Td (In May 2014, the F) Tj ET Q q 0 0 0 rg BT 162.20 166.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 211.10 166.10 Td (ASU No. 2014-09, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 289.15 166.10 Td (Revenue fr) Tj ET Q q 0 0 0 rg BT 331.82 166.10 Td (om Contracts with Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 166.10 Td (. ) Tj ET Q q 0 0 0 rg BT 455.81 166.10 Td (The amendments within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (this ) Tj ET Q q 0 0 0 rg BT 66.40 154.10 Td (ASU, as well as within additional clarifying ) Tj ET Q q 0 0 0 rg BT 244.15 154.10 Td (ASUs issued by the F) Tj ET Q q 0 0 0 rg BT 330.08 154.10 Td (ASB, provide a single comprehensive model to be used ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (in the accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (including industry-specific guidance. ) Tj ET Q q 0 0 0 rg BT 200.89 130.10 Td (The new revenue recognition guidance includes a five-step model for the recognition of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (revenue, including \(1\) identifying the contract with a customer) Tj ET Q q 0 0 0 rg BT 300.35 118.10 Td (, \(2\) identifying the performance obligations in the contract, \(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (determining the transaction price, \(4\) allocating the transaction price to the performance obligations, and \(5\) recognizing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (revenue when \(or as\) an entity satisfies a performance obligation. ) Tj ET Q q 0 0 0 rg BT 313.89 94.10 Td (The new revenue recognition guidance also specifies the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (accounting for certain costs to obtain or fulfill a contract with a customer and requires expanded disclosures about the nature, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. ) Tj ET Q q 0 0 0 rg BT 440.83 70.10 Td (W) Tj ET Q q 0 0 0 rg BT 449.46 70.10 Td (e have completed an initial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (assessment of our revenue streams and do not believe that the new revenue recognition guidance will have a material impact on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (our consolidated financial statements. Certain revenue streams are expected to fall within the scope of the new revenue ) Tj ET Q endstream endobj 211 0 obj <>] /Rotate 0 /Contents 212 0 R>> endobj 212 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 9.00 Tf ET q 0 0 0 rg BT 161.35 762.50 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 193.95 762.50 Td (T) Tj ET Q q 0 0 0 rg BT 199.79 762.50 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 262.88 762.50 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 334.14 762.50 Td ( ST) Tj ET Q q 0 0 0 rg BT 346.73 762.50 Td (A) Tj ET Q q 0 0 0 rg BT 352.56 762.50 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (recognition guidance; however) Tj ET Q q 0 0 0 rg BT 173.44 742.10 Td (, a substantial portion of our revenue falls outside the scope of the new revenue recognition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (guidance and will continue to follow existing guidance, primarily ) Tj ET Q q 0 0 0 rg BT 313.83 730.10 Td (ASC 815, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 355.78 730.10 Td (Derivatives and Hedging) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.31 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 461.13 730.10 Td (W) Tj ET Q q 0 0 0 rg BT 469.77 730.10 Td (e are continuing to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (evaluate the impact of the new revenue recognition guidance, including potential changes to business practices and/or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (contractual terms for in scope revenue streams, as well as the scope of expanded disclosures related to revenue. ) Tj ET Q q 0 0 0 rg BT 497.43 706.10 Td (W) Tj ET Q q 0 0 0 rg BT 506.06 706.10 Td (e expect to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (complete our final evaluation and implementation of the new revenue recognition guidance throughout fiscal 2018, which will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (allow us to adopt ) Tj ET Q q 0 0 0 rg BT 120.55 682.10 Td (ASU No. 2014-09 and the related ) Tj ET Q q 0 0 0 rg BT 256.91 682.10 Td (ASUs on September 1, 2018, in the first quarter of fiscal 2019, using the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (modified retrospective method.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (Note 2 ) Tj ET Q q 0 0 0 rg BT 86.00 646.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 646.10 Td (Receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 622.10 Td (Receivables as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.92 622.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.31 622.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.25 622.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.25 622.10 Td (, are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 585.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 585.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 585.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 585.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 555.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 555.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 555.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 555.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 525.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 525.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 525.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 525.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 495.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 495.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 495.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 495.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 598.6 m 493.5 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 598.6 m 562.5 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 525.6 m 493.5 525.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 525.6 m 562.5 525.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 525.6 m 493.5 525.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 525.6 m 562.5 525.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 495.6 m 493.5 495.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 495.6 m 562.5 495.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 495.6 m 493.5 495.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 481.6 m 493.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 479.6 m 493.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 495.6 m 562.5 495.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 481.6 m 562.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 479.6 m 562.5 479.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 602.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 602.83 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 239.00 589.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.20 589.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 575.27 Td (Trade accounts receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.50 575.17 Td (...........................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 575.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 575.27 Td (1,234,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 575.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 575.27 Td (1,804,646) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 560.27 Td (CHS Capital short-term notes receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.50 560.17 Td (...................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 560.27 Td (164,807) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 560.27 Td (858,805) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 545.27 Td (Deferred purchase price receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.00 545.17 Td (............................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 545.27 Td (202,947) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 545.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 530.27 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 530.17 Td (...........................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 530.27 Td (493,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 530.27 Td (380,956) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 515.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 515.27 Td (2,095,358) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 515.27 Td (3,044,407) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 500.27 Td (Less allowances and reserves) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.50 500.17 Td (.....................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 500.27 Td (225,726) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 500.27 Td (163,644) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 485.27 Td (Total receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.50 485.17 Td (.........................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 485.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 485.27 Td (1,869,632) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 485.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 485.27 Td (2,880,763) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 457.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.74 457.10 Td (rade ) Tj ET Q q 0 0 0 rg BT 76.20 457.10 Td (Accounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 433.10 Td (T) Tj ET Q q 0 0 0 rg BT 91.76 433.10 Td (rade accounts receivable are initially recorded at a selling price, which approximates fair value, upon the sale of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.10 Td (goods or services to customers. Subsequently) Tj ET Q q 0 0 0 rg BT 230.99 421.10 Td (, trade accounts receivable are carried at net realizable value, which includes an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.10 Td (allowance for estimated uncollectible amounts. ) Tj ET Q q 0 0 0 rg BT 240.86 409.10 Td (W) Tj ET Q q 0 0 0 rg BT 249.50 409.10 Td (e calculate this allowance based on our history of write-of) Tj ET Q q 0 0 0 rg BT 481.18 409.10 Td (fs, level of past due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.10 Td (accounts, and our relationships with, and the economic status of, our customers. Receivables from related parties are disclosed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.10 Td (in Note 16, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 97.22 385.10 Td (Related Party T) Tj ET Q q 0 0 0 rg BT 159.99 385.10 Td (ransactions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.66 385.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 361.10 Td (During the third quarter of fiscal 2017, a trading partner of ours in Brazil entered bankruptcy-like proceedings under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.10 Td (Brazilian law) Tj ET Q q 0 0 0 rg BT 102.94 349.10 Td (, resulting in a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.65 349.10 Td ($98.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.54 349.10 Td ( increase to our accounts receivable reserve. ) Tj ET Q q 0 0 0 rg BT 395.16 349.10 Td (W) Tj ET Q q 0 0 0 rg BT 403.79 349.10 Td (e also recorded a reserve of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.26 337.10 Td ($130.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.15 337.10 Td ( related to supplier advance payments held by this trading partner) Tj ET Q q 0 0 0 rg BT 430.33 337.10 Td (, which is included in supplier ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.10 Td (advance payments in the Consolidated Balance Sheets. ) Tj ET Q q 0 0 0 rg BT 271.98 325.10 Td (W) Tj ET Q q 0 0 0 rg BT 280.62 325.10 Td (e have initiated ef) Tj ET Q q 0 0 0 rg BT 351.79 325.10 Td (forts to recover these losses; however) Tj ET Q q 0 0 0 rg BT 501.62 325.10 Td (, as such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.10 Td (actions are in the early stages and are considered neither probable nor estimable, no recoveries have been recorded as of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.10 Td (date of this ) Tj ET Q q 0 0 0 rg BT 96.38 301.10 Td (Annual Report on Form 10-K.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 277.10 Td (CHS Capital ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 253.10 Td (Notes Receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 229.10 Td (CHS Capital, our wholly-owned subsidiary) Tj ET Q q 0 0 0 rg BT 258.39 229.10 Td (, has short-term notes receivable from commercial and producer borrowers. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.10 Td (The short-term notes receivable have maturity terms of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.70 217.10 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.70 217.10 Td ( months or less and are reported at their outstanding unpaid principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.10 Td (balances, adjusted for the allowance of loan losses, as CHS Capital has the intent and ability to hold the applicable loans for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.10 Td (foreseeable future or until maturity or pay-of) Tj ET Q q 0 0 0 rg BT 229.19 193.10 Td (f. ) Tj ET Q q 0 0 0 rg BT 237.34 193.10 Td (The carrying value of CHS Capital short-term notes receivable approximates fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.10 Td (value, given the notes' short duration and the use of market pricing adjusted for risk.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 157.10 Td (The notes receivable from commercial borrowers are collateralized by various combinations of mortgages, personal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.10 Td (property) Tj ET Q q 0 0 0 rg BT 83.23 145.10 Td (, accounts and notes receivable, inventories and assignments of certain regional cooperative) Tj ET Q q 0 0 0 rg BT 452.81 145.10 Td (s capital stock. ) Tj ET Q q 0 0 0 rg BT 514.28 145.10 Td (These loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.10 Td (are primarily originated in the states of Minnesota, ) Tj ET Q q 0 0 0 rg BT 255.04 133.10 Td (W) Tj ET Q q 0 0 0 rg BT 264.08 133.10 Td (isconsin and North Dakota. CHS Capital also has loans receivable from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.10 Td (producer borrowers which are collateralized by various combinations of growing crops, livestock, inventories, accounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.10 Td (receivable, personal property and supplemental mortgages and are originated in the same states as the commercial notes with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.10 Td (the addition of Michigan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 73.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 73.10 Td (In addition to the short-term balances included in the table above, CHS Capital had long-term notes receivable, with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 61.10 Td (durations of generally not more than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.29 61.10 Td (10 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.89 61.10 Td (, totaling $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.94 61.10 Td (17.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.83 61.10 Td ( and $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.27 61.10 Td (322.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.16 61.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.83 61.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.22 61.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.16 61.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.16 61.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 49.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 49.10 Td (. ) Tj ET Q q 0 0 0 rg BT 102.48 49.10 Td (The long-term notes receivable are included in Other assets on our Consolidated Balance Sheets. ) Tj ET Q q 0 0 0 rg BT 491.53 49.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.42 49.10 Td (August31, ) Tj ET Q endstream endobj 213 0 obj <>] /Rotate 0 /Contents 214 0 R>> endobj 214 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 9.00 Tf ET q 0 0 0 rg BT 161.35 762.50 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 193.95 762.50 Td (T) Tj ET Q q 0 0 0 rg BT 199.79 762.50 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 262.88 762.50 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 334.14 762.50 Td ( ST) Tj ET Q q 0 0 0 rg BT 346.73 762.50 Td (A) Tj ET Q q 0 0 0 rg BT 352.56 762.50 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 742.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.94 742.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.94 742.10 Td (, the commercial notes represented ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.54 742.10 Td (17%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.88 742.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.31 742.10 Td (26%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.64 742.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 362.30 742.10 Td (, and the producer notes represented ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.19 742.10 Td (83%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.52 742.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (74%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.33 730.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 120.99 730.10 Td (, of the total CHS Capital notes receivable.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 706.10 Td (The decrease in short-term and long-term notes receivable is the result of the activities in the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 459.20 706.10 Td (T) Tj ET Q q 0 0 0 rg BT 464.21 706.10 Td (r) Tj ET Q q 0 0 0 rg BT 467.73 706.10 Td (oubled Debt ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (Restructurings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.89 694.10 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 128.33 694.10 Td (Sale of Receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.07 694.10 Td ( sections described below) Tj ET Q q 0 0 0 rg BT 307.89 694.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 670.10 Td (CHS Capital has commitments to extend credit to customers if there are no violations of any contractually established ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 96.11 658.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.00 658.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.40 658.10 Td (, CHS Capital's customers have additional available credit of $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.02 658.10 Td (966.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.91 658.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (Allowance for Loan Losses and Impairments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 610.10 Td (CHS Capital maintains an allowance for loan losses which is the estimate of potential incurred losses inherent in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (loans receivable portfolio. In accordance with F) Tj ET Q q 0 0 0 rg BT 240.57 598.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 261.97 598.10 Td (ASC 450-20, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 317.26 598.10 Td (Accounting for Loss Contingencies,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.02 598.10 Td ( and ) Tj ET Q q 0 0 0 rg BT 478.91 598.10 Td (ASC 310-10, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (Accounting by Cr) Tj ET Q q 0 0 0 rg BT 120.17 586.10 Td (editors for Impairment of a Loan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.12 586.10 Td (, the allowance for loan losses consists of general and specific components. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (The general component is based on historical loss experience and qualitative factors addressing operational risks and industry ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (trends. ) Tj ET Q q 0 0 0 rg BT 79.26 562.10 Td (The specific component relates to loans receivable that are classified as impaired. ) Tj ET Q q 0 0 0 rg BT 407.18 562.10 Td (Additions to the allowance for loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (losses are reflected within reserve and impairment char) Tj ET Q q 0 0 0 rg BT 270.56 550.10 Td (ges in the Consolidated Statements of Operations. ) Tj ET Q q 0 0 0 rg BT 472.56 550.10 Td (The portion of loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (receivable deemed uncollectible is char) Tj ET Q q 0 0 0 rg BT 207.51 538.10 Td (ged of) Tj ET Q q 0 0 0 rg BT 232.60 538.10 Td (f against the allowance. Recoveries of previously char) Tj ET Q q 0 0 0 rg BT 449.00 538.10 Td (ged of) Tj ET Q q 0 0 0 rg BT 474.09 538.10 Td (f amounts increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (the allowance for loan losses. ) Tj ET Q q 0 0 0 rg BT 170.34 526.10 Td (The amount of CHS Capital notes that were past due was not significant at any reporting date ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (presented. Specific and general loan loss reserves related to CHS Capital totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.51 514.10 Td ($4.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.40 514.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.84 514.10 Td ($45.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.73 514.10 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.39 502.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.78 502.10 Td (August31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.17 502.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 256.83 502.10 Td (. ) Tj ET Q q 0 0 0 rg BT 261.65 502.10 Td (The reduction in the reserve is related to the single producer borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (agreement and the sale of receivables, which are discussed in the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 312.11 490.10 Td (T) Tj ET Q q 0 0 0 rg BT 317.12 490.10 Td (r) Tj ET Q q 0 0 0 rg BT 320.64 490.10 Td (oubled Debt Restructurings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.19 490.10 Td ( and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 450.63 490.10 Td (Sale of Receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.37 490.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (sections below) Tj ET Q q 0 0 0 rg BT 108.51 478.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 460.70 Td (Inter) Tj ET Q q 0 0 0 rg BT 69.07 460.70 Td (est Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 436.70 Td (Interest income is recognized on the accrual basis using a method that computes simple interest daily) Tj ET Q q 0 0 0 rg BT 489.40 436.70 Td (. ) Tj ET Q q 0 0 0 rg BT 494.22 436.70 Td (The accrual of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.70 Td (interest on commercial loans receivable is discontinued at the time the commercial loan receivable is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.68 424.70 Td (90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.68 424.70 Td ( days past due unless ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.70 Td (the credit is well-collateralized and in process of collection. Past due status is based on contractual terms of the loan. Producer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.70 Td (loans receivable are placed in non-accrual status based on estimates and analysis due to the annual debt service terms inherent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.70 Td (to CHS Capital) Tj ET Q q 0 0 0 rg BT 113.89 388.70 Td (s producer loans. In all cases, loans are placed in nonaccrual status or char) Tj ET Q q 0 0 0 rg BT 410.54 388.70 Td (ged of) Tj ET Q q 0 0 0 rg BT 435.63 388.70 Td (f at an earlier date if collection ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.70 Td (of principal or interest is considered doubtful. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 352.70 Td (T) Tj ET Q q 0 0 0 rg BT 55.01 352.70 Td (r) Tj ET Q q 0 0 0 rg BT 58.53 352.70 Td (oubled Debt Restructurings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.70 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 328.70 Td (A) Tj ET Q q 0 0 0 rg BT 92.67 328.70 Td ( restructuring of a loan constitutes a troubled debt restructuring, or restructured loan, if the creditor for economic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.70 Td (reasons related to the debtor) Tj ET Q q 0 0 0 rg BT 163.11 316.70 Td () Tj ET Q q 0 0 0 rg BT 165.88 316.70 Td (s financial dif) Tj ET Q q 0 0 0 rg BT 220.68 316.70 Td (ficulties grants a concession to the debtor that it would otherwise not consider) Tj ET Q q 0 0 0 rg BT 531.72 316.70 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.70 Td (Concessions vary by program and borrower) Tj ET Q q 0 0 0 rg BT 224.68 304.70 Td (. Concessions may include interest rate reductions, term extensions, payment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.70 Td (deferrals, or the acceptance of additional collateral in lieu of payments. In limited circumstances, principal may be for) Tj ET Q q 0 0 0 rg BT 521.29 292.70 Td (given. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.70 Td (When a restructured loan constitutes a troubled debt restructuring, CHS includes these loans within its impaired loans. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.70 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 256.70 Td (As of ) Tj ET Q q 0 0 0 rg BT 109.89 256.70 Td (August 31, 2016, a single producer borrower accounted for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.99 256.70 Td (20%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.32 256.70 Td ( of the total outstanding CHS Capital notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.70 Td (receivable. During the third quarter of fiscal 2017, CHS Capital concluded a transaction with the single producer borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.70 Td (whereby CHS Capital obtained from the borrower title to approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.59 232.70 Td (14,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.09 232.70 Td ( acres of land and improvements that, prior to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.70 Td (the transaction, was owned by the borrower and served as collateral for the outstanding loans to CHS Capital. ) Tj ET Q q 0 0 0 rg BT 490.82 220.70 Td (The amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.70 Td (corresponding to the fair value of the land and improvements was credited against the notes receivable from this single ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.70 Td (producer borrower) Tj ET Q q 0 0 0 rg BT 124.14 196.70 Td (. ) Tj ET Q q 0 0 0 rg BT 128.58 196.70 Td (As a result of this arrangement, all remaining outstanding notes receivable balances and corresponding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.70 Td (reserves related to this single producer borrower were removed from the balance sheet of CHS Capital, with no impact to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.70 Td (Consolidated Statements of Operations. Subsequent to ) Tj ET Q q 0 0 0 rg BT 269.70 172.70 Td (August 31, 2017, CHS Capital sold all rights to the outstanding notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.70 Td (receivable which had been previously removed from the balance sheet as they were deemed uncollectible. ) Tj ET Q q 0 0 0 rg BT 476.30 160.70 Td (Through this sale we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.70 Td (realized a small gain in the first quarter of fiscal year 2018. ) Tj ET Q q 0 0 0 rg BT 288.52 148.70 Td (As of ) Tj ET Q q 0 0 0 rg BT 312.41 148.70 Td (August 31, 2017, and 2016, CHS Capital had no other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.70 Td (significant troubled debt restructurings and no other third-party borrowers that accounted for more than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.98 136.70 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.31 136.70 Td ( of the total CHS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.70 Td (Capital notes receivable.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 107.30 Td (Sale of Receivables) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 83.30 Td (Receivables Securitization Facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 59.30 Td (On July 18, 2017, we amended an existingreceivables and loans securitization facility \(Securitization Facility\) with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 47.30 Td (certain unaf) Tj ET Q q 0 0 0 rg BT 97.29 47.30 Td (filiated financial institutions \(the "Purchasers"\). Under the Securitization Facility) Tj ET Q q 0 0 0 rg BT 420.55 47.30 Td (, we and certain of our subsidiaries ) Tj ET Q endstream endobj 215 0 obj <>] /Rotate 0 /Contents 216 0 R>> endobj 216 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 9.00 Tf ET q 0 0 0 rg BT 161.35 762.50 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 193.95 762.50 Td (T) Tj ET Q q 0 0 0 rg BT 199.79 762.50 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 262.88 762.50 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 334.14 762.50 Td ( ST) Tj ET Q q 0 0 0 rg BT 346.73 762.50 Td (A) Tj ET Q q 0 0 0 rg BT 352.56 762.50 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (sell trade accounts and notes receivable \(the Receivables\) to Cofina Funding, LLC \(Cofina\), a wholly-owned bankruptcy-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (remote indirect subsidiary of CHS. Cofina in turn sells the purchased Receivables in their entirety to the Purchasers. Prior to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (amending the Securitization Facility in July 2017, the transfer of Receivables was accounted for as a secured borrowing. Under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (the terms of the amended Securitization Facility CHS accounts for Receivables sold under the Facility as a sale of financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (assets pursuant to ) Tj ET Q q 0 0 0 rg BT 122.50 694.10 Td (ASC 860,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 161.95 694.10 Td ( T) Tj ET Q q 0 0 0 rg BT 169.46 694.10 Td (ransfers and Servicing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.00 694.10 Td ( and derecognizes the sold Receivables from its Consolidated Balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (Sheets. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 658.10 Td (Sales of Receivables by Cofina occur continuously and are settled with the Purchasers on a monthly basis. ) Tj ET Q q 0 0 0 rg BT 513.50 658.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (proceeds from the sale of these Receivables comprise a combination of cash and a deferred purchase price \(DPP\) receivable. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (The DPP) Tj ET Q q 0 0 0 rg BT 86.02 634.10 Td ( receivable is ultimately realized by CHS following the collection of the underlying Receivables sold to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (Purchasers. ) Tj ET Q q 0 0 0 rg BT 98.14 622.10 Td (The amount available under the Securitization Facility fluctuates over time based on the total amount of eligible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (Receivables generated during the normal course of business, with maximum availability of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.29 610.10 Td ($700.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.18 610.10 Td (. ) Tj ET Q q 0 0 0 rg BT 479.63 610.10 Td (As of) Tj ET Q q 0 0 0 rg BT 503.52 610.10 Td (August31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (2017, the total availability under the Securitization Facility was) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.60 598.10 Td ($618.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.49 598.10 Td (, of which all has been utilized. ) Tj ET Q q 0 0 0 rg BT 492.77 598.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (Securitization Facility terminates on July 17, 2018, but may be extended. ) Tj ET Q q 0 0 0 rg BT 344.76 586.10 Td (The Company uses the proceeds from the sale of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (Receivables under the Securitization Facility for general corporate purposes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 550.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 550.10 Td (e have no retained interests in the transferred Receivables, other than our right to the DPP) Tj ET Q q 0 0 0 rg BT 453.04 550.10 Td ( receivable and collection ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (and administrative services. ) Tj ET Q q 0 0 0 rg BT 163.67 538.10 Td (The DPP) Tj ET Q q 0 0 0 rg BT 199.69 538.10 Td ( receivable is recorded at fair value within the Consolidated Balance Sheets, including a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (current portion within receivables and a long-term portion within other assets. ) Tj ET Q q 0 0 0 rg BT 363.81 526.10 Td (At the time of the amendment to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (Securitization Facility in July 2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.54 514.10 Td ($1.1 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.65 514.10 Td ( of Receivables and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.73 514.10 Td ($554.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.62 514.10 Td ( of securitized debt were removed from the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (Consolidated Balance Sheets and a DPP) Tj ET Q q 0 0 0 rg BT 210.43 502.10 Td ( receivable of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.34 502.10 Td ($580.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.24 502.10 Td ( was recognized. ) Tj ET Q q 0 0 0 rg BT 395.47 502.10 Td (These amounts have been reflected as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (non-cash transactions in the Consolidated Statements of Cash Flows and disclosed within Note 15, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 447.45 490.10 Td (Supplemental Cash Flow ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (and Other Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.11 478.10 Td (. Subsequent cash receipts related to the DPP) Tj ET Q q 0 0 0 rg BT 321.25 478.10 Td ( receivable have been reflected as investing activities and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (additional sales of Receivables under the Securitization Facility are reflected in operating or investing activities, based on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (underlying Receivable, in our Consolidated Statements of Cash Flows. Losses incurred on the sale of Receivables are recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (in interest expense and fees received related to the servicing of the Receivables are recorded in other income \(loss\) in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (Consolidated Statements of Operations. ) Tj ET Q q 0 0 0 rg BT 211.18 430.10 Td (W) Tj ET Q q 0 0 0 rg BT 219.82 430.10 Td (e consider the fees received adequate compensation for services rendered, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (accordingly have recorded no servicing asset or liability) Tj ET Q q 0 0 0 rg BT 273.44 418.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 394.10 Td (The fair value of the DPP) Tj ET Q q 0 0 0 rg BT 188.10 394.10 Td ( receivable is determined by discounting the expected cash flows to be received based on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (unobservable inputs consisting of the face amount of the Receivables adjusted for anticipated credit losses. ) Tj ET Q q 0 0 0 rg BT 479.69 382.10 Td (The DPP) Tj ET Q q 0 0 0 rg BT 515.71 382.10 Td ( receivable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (is being measured like an investment in debt securities classified as available for sale, with changes to the fair value being ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (recorded in other comprehensive income in accordance with ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 293.78 358.10 Td (ASC 320 - Investments - debt and equity securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.41 358.10 Td (. Our risk of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (loss following the transfer of Receivables under the Securitization Facility is limited to the DPP) Tj ET Q q 0 0 0 rg BT 432.89 346.10 Td ( receivable outstanding and any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (short-falls in collections for specified non-credit related reasons after sale. Payment of the DPP) Tj ET Q q 0 0 0 rg BT 430.06 334.10 Td ( is not subject to significant risks ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (other than delinquencies and credit losses on accounts receivable sold under the Securitization Facility) Tj ET Q q 0 0 0 rg BT 459.50 322.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 293.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 293.10 Td ( ) Tj ET Q q 0 0 0 rg BT 88.32 293.10 Td (The following table is a reconciliation of the beginning and ending balances of the DPP) Tj ET Q q 0 0 0 rg BT 438.41 293.10 Td ( receivable for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 281.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.39 281.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 239.60 412.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 239.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 239.60 96.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 209.60 412.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 209.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 209.60 96.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 252.60000000000002 m 561.5 252.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 194.60000000000002 m 561.5 194.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 180.60000000000002 m 561.5 180.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 178.60000000000002 m 561.5 178.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.00 256.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 475.20 243.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 229.27 Td (Balance - beginning of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.50 229.17 Td (.....................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.00 229.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 229.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 214.27 Td (Transfer of Receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.00 214.17 Td (............................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 214.27 Td (580,509) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 199.27 Td (Monthly settlements, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.00 199.17 Td (..........................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 199.32 Td (\(31,907) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 199.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 184.27 Td (Balance - end of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.00 184.17 Td (................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.00 184.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 184.27 Td (548,602) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 156.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 156.10 Td (There was no DPP) Tj ET Q q 0 0 0 rg BT 160.34 156.10 Td ( as of ) Tj ET Q q 0 0 0 rg BT 183.95 156.10 Td (August 31, 2016, and therefore, no comparative period is included in the table above.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 132.10 Td (Loan Participations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 110.50 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 110.50 Td (During the three months ending ) Tj ET Q q 0 0 0 rg BT 215.15 110.50 Td (August 31, 2017 CHS Capital sold ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.54 110.50 Td ($71.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.43 110.50 Td ( of notes receivable to numerous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 98.50 Td (counterparties under a master participation agreement. ) Tj ET Q q 0 0 0 rg BT 270.00 98.50 Td (The sale resulted in the removal of the notes receivable from the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 86.50 Td (Consolidated Balance Sheet. CHS Capital has no retained interests in the transferred notes receivable, other than collection and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 74.50 Td (administrative services. ) Tj ET Q q 0 0 0 rg BT 146.73 74.50 Td (The proceeds from the sale of the notes receivable have been included in investing activities in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 62.50 Td (Consolidated Statement of Cash Flows. Fees received related to the servicing of the notes receivables are recorded in other ) Tj ET Q endstream endobj 217 0 obj <>] /Rotate 0 /Contents 218 0 R>> endobj 218 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 9.00 Tf ET q 0 0 0 rg BT 161.35 762.50 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 193.95 762.50 Td (T) Tj ET Q q 0 0 0 rg BT 199.79 762.50 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 262.88 762.50 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 334.14 762.50 Td ( ST) Tj ET Q q 0 0 0 rg BT 346.73 762.50 Td (A) Tj ET Q q 0 0 0 rg BT 352.56 762.50 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (income in the Consolidated Statements of Operations. ) Tj ET Q q 0 0 0 rg BT 268.11 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 276.75 742.10 Td (e consider the fees received adequate compensation for services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (rendered, and accordingly have recorded no servicing asset or liability) Tj ET Q q 0 0 0 rg BT 330.35 730.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (Other Receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 682.10 Td (Other receivables are comprised of certain other amounts recorded in the normal course of business, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (receivables related to valued added taxes and pre-crop financing, primarily to Brazilian farmers, to finance a portion of supplier ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (production costs.CHS does not bear any of the costs or operational risks associated with the related growing crops.) Tj ET Q q 0 0 0 rg BT 513.88 658.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (financing is lar) Tj ET Q q 0 0 0 rg BT 109.80 646.10 Td (gely collateralized by future crops and physical assets of the suppliers, carries a local market interest rate and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (settles when the farmer) Tj ET Q q 0 0 0 rg BT 143.39 634.10 Td () Tj ET Q q 0 0 0 rg BT 146.17 634.10 Td (s crop is harvested and sold.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (Note 3 ) Tj ET Q q 0 0 0 rg BT 86.00 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 610.10 Td (Inventories) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 586.10 Td (Inventories as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.59 586.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.99 586.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.92 586.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.92 586.10 Td (, are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 549.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 549.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 549.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 549.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 519.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 519.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 519.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 519.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 489.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 489.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 489.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 489.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 459.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 459.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 459.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 459.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 562.6 m 493.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 562.6 m 562.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 459.6 m 493.5 459.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 459.6 m 562.5 459.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 445.6 m 493.5 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 443.6 m 493.5 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 445.6 m 562.5 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 443.6 m 562.5 443.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 566.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 566.83 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 239.00 553.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.20 553.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 539.27 Td (Grain and oilseed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.00 539.17 Td (........................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 539.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 539.27 Td (1,145,285) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 539.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 539.27 Td (937,258) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 524.27 Td (Energy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.50 524.17 Td (.........................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 524.27 Td (755,886) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 524.27 Td (729,695) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 509.27 Td (Crop nutrients) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.50 509.17 Td (.............................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 509.27 Td (248,699) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 509.27 Td (217,521) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 494.27 Td (Feed and farm supplies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.50 494.17 Td (...............................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 494.27 Td (353,130) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 494.27 Td (417,431) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 479.27 Td (Processed grain and oilseed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.00 479.17 Td (........................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 479.27 Td (49,723) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 479.27 Td (48,930) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 464.27 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 464.17 Td (...........................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 464.27 Td (23,862) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 464.27 Td (19,864) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 449.27 Td (Total inventories) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.50 449.17 Td (.........................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 449.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 449.27 Td (2,576,585) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 449.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 449.27 Td (2,370,699) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 421.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.89 421.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.28 421.10 Td (, we valued approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.86 421.10 Td (19%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.19 421.10 Td ( of inventories, primarily crude oil and refined fuels within our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.10 Td (Ener) Tj ET Q q 0 0 0 rg BT 68.70 409.10 Td (gy segment, using the lower of cost, determined on the LIFO method, or net realizable value \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.42 409.10 Td (19%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.75 409.10 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.36 409.10 Td (August31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.75 409.10 Td (\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.10 Td (If the FIFO method of accounting had been used, inventories would have been higher than the reported amount by $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.87 397.10 Td (186.2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 385.10 Td ( and $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.33 385.10 Td (93.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.22 385.10 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.83 385.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.22 385.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.16 385.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.16 385.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 336.82 385.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 349.10 Td (Note 4 ) Tj ET Q q 0 0 0 rg BT 86.00 349.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 349.10 Td (Investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 325.10 Td (Investments as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.93 325.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.33 325.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.26 325.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.26 325.10 Td (, are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 276.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 276.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 276.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 276.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 246.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 246.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 246.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 246.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 216.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 216.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 216.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 216.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 186.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 186.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 186.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 186.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 289.6 m 493.5 289.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 289.6 m 562.5 289.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 171.60000000000002 m 493.5 171.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 157.60000000000002 m 493.5 157.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 155.60000000000002 m 493.5 155.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 171.60000000000002 m 562.5 171.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 157.60000000000002 m 562.5 157.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 155.60000000000002 m 562.5 155.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 293.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 293.83 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 239.00 280.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.20 280.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 266.27 Td (Equity method investments:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.50 266.17 Td (.......................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 251.27 Td (CF Industries Nitrogen, LLC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.00 251.17 Td (................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 251.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 251.27 Td (2,756,076) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 251.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 251.27 Td (2,796,323) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 236.27 Td (Ventura Foods, LLC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.00 236.17 Td (..............................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 236.27 Td (347,016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 236.27 Td (369,487) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 221.27 Td (Ardent Mills, LLC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.50 221.17 Td (.................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 221.27 Td (206,529) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 221.27 Td (194,986) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 206.27 Td (TEMCO, LLC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.50 206.17 Td (.......................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 206.27 Td (41,323) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 206.27 Td (44,578) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 191.27 Td (Other equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.00 191.17 Td (..........................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 191.27 Td (268,444) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 191.27 Td (263,025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 176.27 Td (Cost method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.00 176.17 Td (............................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 176.27 Td (131,605) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 176.27 Td (127,577) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 161.27 Td (Total investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.00 161.17 Td (........................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 161.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 161.27 Td (3,750,993) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 161.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 161.27 Td (3,795,976) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 133.10 Td (Joint ventures and other investments, in which we have significant ownership and influence, but not control, are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.10 Td (accounted for in our consolidated financial statements using the equity method of accounting. Our significant equity method ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.10 Td (investments are summarized below) Tj ET Q q 0 0 0 rg BT 190.14 109.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 85.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 85.10 Td (On February 1, 2016, we invested ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.31 85.10 Td ($2.8 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.42 85.10 Td ( in CF Nitrogen, commencing our strategic venture with CF Industries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 73.10 Td (Holdings, Inc. ) Tj ET Q q 0 0 0 rg BT 109.26 73.10 Td (The investment consists of an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.63 73.10 Td (1) Tj ET Q q 0 0 0 rg BT 235.25 73.10 Td (1.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.08 73.10 Td ( membership interest \(based on product tons\) in CF Nitrogen. ) Tj ET Q q 0 0 0 rg BT 504.47 73.10 Td (W) Tj ET Q q 0 0 0 rg BT 513.11 73.10 Td (e also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 61.10 Td (entered into an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.92 61.10 Td (80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.92 61.10 Td (-year supply agreement that entitles us to purchase up to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.63 61.10 Td (1.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.52 61.10 Td ( tons of granular urea and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.48 61.10 Td (580,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.98 61.10 Td ( tons of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 49.10 Td (urea ammonium nitrate \("UAN"\) annually from CF Nitrogen for ratable delivery) Tj ET Q q 0 0 0 rg BT 372.42 49.10 Td (. Our purchases under the supply agreement ) Tj ET Q endstream endobj 219 0 obj <>] /Rotate 0 /Contents 220 0 R>> endobj 220 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 9.00 Tf ET q 0 0 0 rg BT 161.35 762.50 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 193.95 762.50 Td (T) Tj ET Q q 0 0 0 rg BT 199.79 762.50 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 262.88 762.50 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 334.14 762.50 Td ( ST) Tj ET Q q 0 0 0 rg BT 346.73 762.50 Td (A) Tj ET Q q 0 0 0 rg BT 352.56 762.50 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (are based on prevailing market prices and we receive semi-annual cash distributions \(in January and July of each year\) from CF ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Nitrogen via our membership interest. ) Tj ET Q q 0 0 0 rg BT 204.78 730.10 Td (These distributions are based on actual volumes purchased from CF Nitrogen under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (strategic venture and will have the ef) Tj ET Q q 0 0 0 rg BT 197.53 718.10 Td (fect of reducing our investment to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.83 718.10 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.03 718.10 Td ( over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.80 718.10 Td (80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.80 718.10 Td ( years on a straight-line basis. ) Tj ET Q q 0 0 0 rg BT 506.98 718.10 Td (W) Tj ET Q q 0 0 0 rg BT 515.62 718.10 Td (e account ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (for this investment using the hypothetical liquidation at book value method, recognizing our share of the earnings and losses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (CF Nitrogen based upon our contractual claims on the entity's net assets pursuant to the liquidation provisions of CF Nitrogen's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (Limited Liability Company ) Tj ET Q q 0 0 0 rg BT 161.93 682.10 Td (Agreement, adjusted for the semi-annual cash distributions. For the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.24 682.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.63 682.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 670.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.94 670.10 Td (, these amounts were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.30 670.10 Td ($66.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.19 670.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.63 670.10 Td ($74.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.52 670.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 353.18 670.10 Td (, and are included as equity income from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (investments in our Nitrogen Production segment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 634.10 Td (The following tables provide aggregate summarized audited financial information for CF Nitrogen for the balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (sheets as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.05 622.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.44 622.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.38 622.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.38 622.10 Td (, and the statements of operations for the twelve months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.54 622.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.93 622.10 Td (, and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (seven months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.04 610.10 Td (August31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.43 610.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 574.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 574.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 574.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 574.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 544.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 544.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 544.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 544.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 587.6 m 493.5 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 587.6 m 562.5 587.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 591.68 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 591.68 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 239.00 578.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.20 578.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 564.27 Td (Current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.00 564.17 Td (..............................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 564.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 564.27 Td (394,089) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 564.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 564.27 Td (534,878) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 549.27 Td (Non-current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.00 549.17 Td (......................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 549.27 Td (7,314,629) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 549.27 Td (7,043,121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 534.27 Td (Current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.00 534.17 Td (........................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 534.27 Td (390,206) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 534.27 Td (556,696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 519.27 Td (Non-current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.50 519.17 Td (.................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 519.27 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 519.27 Td () Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 461.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 461.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 461.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 461.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 431.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 431.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 431.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 431.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 479.6 m 493.5 479.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 479.6 m 562.5 479.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 483.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 483.83 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 239.00 465.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.20 465.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 451.27 Td (Net sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 451.17 Td (......................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 451.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 451.27 Td (2,051,159) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 451.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 451.27 Td (1,027,142) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 436.27 Td (Gross profit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.50 436.17 Td (.................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 436.27 Td (195,142) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 436.27 Td (243,911) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 421.27 Td (Net earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 421.17 Td (................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 421.27 Td (123,965) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 421.27 Td (186,665) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 406.27 Td (Earnings attributable to CHSInc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 406.17 Td (...............................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 406.27 Td (66,530) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 406.27 Td (74,700) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 378.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 378.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 378.10 Td (e have a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.89 378.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.22 378.10 Td ( interest in ) Tj ET Q q 0 0 0 rg BT 192.75 378.10 Td (V) Tj ET Q q 0 0 0 rg BT 198.87 378.10 Td (entura Foods, LLC \("V) Tj ET Q q 0 0 0 rg BT 290.72 378.10 Td (entura Foods"\), a joint venture which produces and distributes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 366.10 Td (primarily vegetable oil-based products, and which constitutes our Foods segment. ) Tj ET Q q 0 0 0 rg BT 379.19 366.10 Td (W) Tj ET Q q 0 0 0 rg BT 387.83 366.10 Td (e account for ) Tj ET Q q 0 0 0 rg BT 442.34 366.10 Td (V) Tj ET Q q 0 0 0 rg BT 448.46 366.10 Td (entura Foods as an equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 354.10 Td (method investment, and as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.42 354.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.82 354.10 Td (, our carrying value of ) Tj ET Q q 0 0 0 rg BT 327.27 354.10 Td (V) Tj ET Q q 0 0 0 rg BT 333.38 354.10 Td (entura Foods exceeded our share of its equity by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.71 354.10 Td ($12.9 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 342.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 342.10 Td (, which represents equity method goodwill. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 318.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 318.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 318.10 Td (e have a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.89 318.10 Td (12%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.22 318.10 Td ( interest in ) Tj ET Q q 0 0 0 rg BT 192.38 318.10 Td (Ardent Mills, LLC \("Ardent Mills"\), a joint venture with Car) Tj ET Q q 0 0 0 rg BT 436.16 318.10 Td (gill Incorporated \("Car) Tj ET Q q 0 0 0 rg BT 527.25 318.10 Td (gill"\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 306.10 Td (and ConAgra Foods, Inc., which combines the North ) Tj ET Q q 0 0 0 rg BT 263.58 306.10 Td (American flour milling operations of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.54 306.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.52 306.10 Td ( parent companies. ) Tj ET Q q 0 0 0 rg BT 526.09 306.10 Td (W) Tj ET Q q 0 0 0 rg BT 534.73 306.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 294.10 Td (account for ) Tj ET Q q 0 0 0 rg BT 97.20 294.10 Td (Ardent Mills as an equity method investment included in Corporate and Other) Tj ET Q q 0 0 0 rg BT 409.08 294.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 270.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 270.10 Td (TEMCO, LLC \("TEMCO"\) is owned and governed by Car) Tj ET Q q 0 0 0 rg BT 321.44 270.10 Td (gill \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.61 270.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.94 270.10 Td (\) and CHS \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.99 270.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.32 270.10 Td (\). Both owners have committed to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 258.10 Td (sell all of their feedgrains, wheat, oilseeds and by-product origination that are tributary to the Pacific Northwest, United States ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 246.10 Td (\("Pacific Northwest"\) to ) Tj ET Q q 0 0 0 rg BT 149.35 246.10 Td (TEMCO and to use ) Tj ET Q q 0 0 0 rg BT 229.71 246.10 Td (TEMCO as their exclusive export-marketing vehicle for such grains exported ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 234.10 Td (through the Pacific Northwest through January 2037. ) Tj ET Q q 0 0 0 rg BT 264.78 234.10 Td (W) Tj ET Q q 0 0 0 rg BT 273.41 234.10 Td (e account for ) Tj ET Q q 0 0 0 rg BT 327.92 234.10 Td (TEMCO as an equity method investment included in our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 222.10 Td (Ag segment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 198.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 198.10 Td (The following tables provide aggregate summarized audited financial information for our major equity method ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 186.10 Td (investments in ) Tj ET Q q 0 0 0 rg BT 110.37 186.10 Td (V) Tj ET Q q 0 0 0 rg BT 116.48 186.10 Td (entura Foods, ) Tj ET Q q 0 0 0 rg BT 172.87 186.10 Td (Ardent Mills and ) Tj ET Q q 0 0 0 rg BT 243.52 186.10 Td (TEMCO for balance sheets as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.25 186.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 186.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.58 186.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.58 186.10 Td (, and statements of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 174.10 Td (operations for the twelve months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.96 174.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.35 174.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.35 174.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.35 174.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.79 174.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.79 174.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 137.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 137.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 137.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 137.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 107.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 107.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 107.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 107.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 150.60000000000002 m 493.5 150.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 150.60000000000002 m 562.5 150.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 154.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 154.83 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 239.00 141.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.20 141.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 127.27 Td (Current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.00 127.17 Td (..............................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 127.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 127.27 Td (1,562,978) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 127.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 127.27 Td (1,638,780) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 112.27 Td (Non-current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.00 112.17 Td (......................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 112.27 Td (2,524,053) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 112.27 Td (2,495,955) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 97.27 Td (Current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.00 97.17 Td (........................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 97.27 Td (748,028) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 97.27 Td (836,544) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 82.27 Td (Non-current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.50 82.17 Td (.................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 82.27 Td (865,078) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 82.27 Td (853,549) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 221 0 obj <>] /Rotate 0 /Contents 222 0 R>> endobj 222 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 9.00 Tf ET q 0 0 0 rg BT 161.35 762.50 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 193.95 762.50 Td (T) Tj ET Q q 0 0 0 rg BT 199.79 762.50 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 262.88 762.50 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 334.14 762.50 Td ( ST) Tj ET Q q 0 0 0 rg BT 346.73 762.50 Td (A) Tj ET Q q 0 0 0 rg BT 352.56 762.50 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-18) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 722.50 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 722.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 722.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 722.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 722.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 722.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 692.50 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 692.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 692.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 692.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 692.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 692.50 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 735.5 m 424.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 735.5 m 493.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 735.5 m 562.5 735.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.50 739.73 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 739.73 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 739.73 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 204.50 726.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.70 726.73 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 712.17 Td (Net sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.00 712.07 Td (..........................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 712.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 712.17 Td (9,901,150) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 712.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 712.17 Td (8,776,261) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 712.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 712.17 Td (9,054,677) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 697.17 Td (Gross profit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 697.07 Td (.....................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 697.17 Td (700,737) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 697.17 Td (674,181) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 697.17 Td (754,375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 682.17 Td (Net earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.00 682.07 Td (....................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 682.17 Td (258,616) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 682.17 Td (238,870) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 682.17 Td (313,664) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 667.17 Td (Earnings attributable to CHSInc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.50 667.07 Td (...................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 667.17 Td (57,461) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 667.17 Td (75,858) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 667.17 Td (81,101) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 639.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 639.00 Td (Our investments in equity method investees other than the four entities described above are not significant in relation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 627.00 Td (to our consolidated financial statements, either individually or in the aggregate.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 591.00 Td (Note 5 ) Tj ET Q q 0 0 0 rg BT 86.00 591.00 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 591.00 Td (Pr) Tj ET Q q 0 0 0 rg BT 132.37 591.00 Td (operty) Tj ET Q q 0 0 0 rg BT 159.58 591.00 Td (, Plant and Equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 567.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 567.00 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.89 567.00 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.28 567.00 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.22 567.00 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.22 567.00 Td (, major classes of property) Tj ET Q q 0 0 0 rg BT 323.37 567.00 Td (, plant and equipment, which include capital lease assets, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 555.00 Td (consisted of the amounts in the table below) Tj ET Q q 0 0 0 rg BT 222.37 555.00 Td (. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 518.50 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 518.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 518.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 518.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 488.50 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 488.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 488.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 488.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 458.50 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 458.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 458.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 458.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 428.50 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 428.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 428.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 428.50 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 531.5 m 493.5 531.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 531.5 m 562.5 531.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 443.5 m 493.5 443.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 443.5 m 562.5 443.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 413.5 m 493.5 413.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 413.5 m 562.5 413.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 399.5 m 493.5 399.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 397.5 m 493.5 397.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 399.5 m 562.5 399.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 397.5 m 562.5 397.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 535.73 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 535.73 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 239.00 522.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.20 522.73 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 508.17 Td (Land and land improvements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.00 508.07 Td (......................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 508.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 508.17 Td (357,829) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 508.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 508.17 Td (266,016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 493.17 Td (Buildings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.50 493.07 Td (.....................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 493.17 Td (1,030,478) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 493.17 Td (1,040,943) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 478.17 Td (Machinery and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.00 478.07 Td (..........................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 478.17 Td (6,950,435) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 478.17 Td (6,747,865) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 463.17 Td (Office and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.00 463.07 Td (..........................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 463.17 Td (235,361) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 463.17 Td (250,879) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 448.17 Td (Construction in progress) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.50 448.07 Td (.............................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 448.17 Td (327,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 448.17 Td (523,817) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 433.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 433.17 Td (8,901,785) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 433.17 Td (8,829,520) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 418.17 Td (Less accumulated depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.50 418.07 Td (.......................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 418.17 Td (3,545,351) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 418.17 Td (3,341,197) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 403.17 Td (Total property, plant and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.50 403.07 Td (...........................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 403.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 403.17 Td (5,356,434) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 403.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 403.17 Td (5,488,323) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 375.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 375.00 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 375.00 Td (e have various assets under capital leases totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.57 375.00 Td ($58.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.46 375.00 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.90 375.00 Td ($206.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.79 375.00 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.40 375.00 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.79 375.00 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.73 375.00 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.73 375.00 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 363.00 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 363.00 Td (. ) Tj ET Q q 0 0 0 rg BT 102.11 363.00 Td (Accumulated amortization on assets under capital leases was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.13 363.00 Td ($27.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.03 363.00 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.46 363.00 Td ($103.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.36 363.00 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.96 363.00 Td (August31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 351.00 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 351.00 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.94 351.00 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.94 351.00 Td (, respectively) Tj ET Q q 0 0 0 rg BT 164.60 351.00 Td (. During the fourth quarter of fiscal 2017, we completed a buyout of various capital leases for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 339.00 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.26 339.00 Td ($39.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.15 339.00 Td (. ) Tj ET Q q 0 0 0 rg BT 168.97 339.00 Td (The various capital leases represented approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.33 339.00 Td (58%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.66 339.00 Td ( of our total capital lease obligations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 315.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 315.00 Td (The following is a schedule by fiscal years of future minimum lease payments under capital leases together with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 303.00 Td (present value of the net minimum lease payments as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.61 303.00 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.00 303.00 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 277.50 428.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 277.50 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 247.50 428.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 247.50 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 217.50 428.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 217.50 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 187.50 428.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 187.50 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 157.50 428.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 157.50 84.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 187.5 m 561.5 187.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 187.5 m 561.5 187.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 157.5 m 561.5 157.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 157.5 m 561.5 157.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 143.5 m 561.5 143.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 141.5 m 561.5 141.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.20 281.73 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 268.07 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 268.07 Td (................................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 267.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 267.17 Td (6,867) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 253.07 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 253.07 Td (................................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 252.17 Td (6,150) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 238.07 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 238.07 Td (................................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 237.17 Td (4,728) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 223.07 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 223.07 Td (................................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 222.17 Td (4,525) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 208.07 Td (2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 208.07 Td (................................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 207.17 Td (3,945) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 193.07 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 193.07 Td (........................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 192.17 Td (13,285) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 178.07 Td (Total minimum future lease payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.00 178.07 Td (............................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 177.17 Td (39,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 163.07 Td (Less amount representing interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.00 163.07 Td (..................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 162.17 Td (6,425) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 148.07 Td (Present value of net minimum lease payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.50 148.07 Td (...............................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 147.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 147.17 Td (33,075) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 119.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 119.00 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 119.00 Td (e announced in September 2014 that our Board of Directors had approved plans to begin construction of a fertilizer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 107.00 Td (manufacturing plant in Spiritwood, North Dakota that was anticipated to cost more than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.80 107.00 Td ($3.0 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.92 107.00 Td (. In ) Tj ET Q q 0 0 0 rg BT 465.20 107.00 Td (August 2015, we made ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 95.00 Td (the decision to not move forward with the construction of the Spiritwood facility and evaluated the assets and other capitalized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 83.00 Td (costs related to the project for recoverability under ) Tj ET Q q 0 0 0 rg BT 254.37 83.00 Td (ASC ) Tj ET Q q 0 0 0 rg BT 276.14 83.00 Td (T) Tj ET Q q 0 0 0 rg BT 281.55 83.00 Td (opic 360-10. Consequently) Tj ET Q q 0 0 0 rg BT 388.94 83.00 Td (, we concluded that these assets were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 71.00 Td (impaired and we recorded an overall char) Tj ET Q q 0 0 0 rg BT 215.84 71.00 Td (ge of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.61 71.00 Td ($1) Tj ET Q q 0 0 0 rg BT 248.24 71.00 Td (16.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.13 71.00 Td ( in reserve and impairment char) Tj ET Q q 0 0 0 rg BT 423.84 71.00 Td (ges in our ) Tj ET Q q 0 0 0 rg BT 465.23 71.00 Td (Ag segment. ) Tj ET Q q 0 0 0 rg BT 518.10 71.00 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 59.00 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 59.00 Td (ge was primarily comprised of the impairment of construction-in-progress, land and equipment totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.03 59.00 Td ($94.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.92 59.00 Td (. ) Tj ET Q q 0 0 0 rg BT 541.74 59.00 Td (The ) Tj ET Q endstream endobj 223 0 obj <>] /Rotate 0 /Contents 224 0 R>> endobj 224 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 9.00 Tf ET q 0 0 0 rg BT 161.35 762.50 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 193.95 762.50 Td (T) Tj ET Q q 0 0 0 rg BT 199.79 762.50 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 262.88 762.50 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 334.14 762.50 Td ( ST) Tj ET Q q 0 0 0 rg BT 346.73 762.50 Td (A) Tj ET Q q 0 0 0 rg BT 352.56 762.50 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (remainder of the char) Tj ET Q q 0 0 0 rg BT 135.61 742.10 Td (ge included the impairment of other assets and various contract termination costs associated with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (cessation of the project.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 706.10 Td (During the fourth quarter of fiscal 2017 our ) Tj ET Q q 0 0 0 rg BT 262.06 706.10 Td (Ag segment recorded an impairment char) Tj ET Q q 0 0 0 rg BT 427.65 706.10 Td (ge of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.42 706.10 Td ($30.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.31 706.10 Td (, which is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (included in the reserve and impairment char) Tj ET Q q 0 0 0 rg BT 225.86 694.10 Td (ges line of the Consolidated Statements of Operations. ) Tj ET Q q 0 0 0 rg BT 445.91 694.10 Td (The impairment resulted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (from the reduction in the fair value of agricultural assets held, which was determined using a market based approach.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 658.10 Td (Depreciation expense, including amortization of capital lease assets, for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.75 658.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.15 658.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.15 658.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 658.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 646.10 Td (, was $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.05 646.10 Td (475.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.94 646.10 Td (, $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.94 646.10 Td (437.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.83 646.10 Td ( and $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.27 646.10 Td (344.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.17 646.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 346.83 646.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (Note 6 ) Tj ET Q q 0 0 0 rg BT 86.00 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 610.10 Td (Other) Tj ET Q q 0 0 0 rg BT 147.37 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 149.31 610.10 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 586.10 Td (Other assets as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.21 586.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.60 586.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.54 586.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.54 586.10 Td (, are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 549.60 387.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 549.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 549.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 549.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 519.60 387.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 519.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 519.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 519.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 489.60 387.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 489.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 489.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 489.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 459.60 387.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 459.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 459.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 459.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 429.60 387.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 429.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 429.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 429.60 59.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 562.6 m 495.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 562.6 m 562.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 414.6 m 495.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 414.6 m 562.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 414.6 m 495.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 400.6 m 495.5 400.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 398.6 m 495.5 398.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 414.6 m 562.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 400.6 m 562.5 400.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 398.6 m 562.5 398.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.00 566.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.50 566.83 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.50 553.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.70 553.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 539.27 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.50 539.17 Td (.........................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 539.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.15 539.27 Td (154,055) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.00 539.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 539.27 Td (160,414) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 524.27 Td (Customer lists, trademarks and other intangible assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.00 524.17 Td (..................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 524.27 Td (33,330) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 524.27 Td (44,766) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 509.27 Td (Notes receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 509.17 Td (.............................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 509.27 Td (51,596) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 509.27 Td (358,096) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 494.27 Td (Deferred purchase price receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.00 494.17 Td (................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.15 494.27 Td (345,655) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 494.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 479.27 Td (Long-term derivative assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.50 479.17 Td (...........................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.15 479.27 Td (196,913) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 479.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 464.27 Td (Prepaid pension and other benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.50 464.17 Td (.................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.15 464.27 Td (122,433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 464.27 Td (120,693) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 449.27 Td (Capitalized major maintenance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.00 449.17 Td (......................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.15 449.27 Td (105,006) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 449.27 Td (169,054) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 434.27 Td (Cash value life insurance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.00 434.17 Td (................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.15 434.27 Td (118,677) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 434.27 Td (112,193) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 419.27 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 419.17 Td (...............................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.15 419.27 Td (124,137) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 419.27 Td (127,440) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 404.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 404.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.60 404.27 Td (1,251,802) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.00 404.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.60 404.27 Td (1,092,656) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 376.10 Td (Changes in the net carrying amount of goodwill for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 376.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.54 376.10 Td (, and 2016, by segment, are as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 320.60 270.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 320.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 320.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 320.60 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 320.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 320.60 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 320.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 320.60 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 292.60 270.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 292.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 292.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 292.60 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 292.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 292.60 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 292.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 292.60 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 264.60 270.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 264.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 264.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 264.60 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 264.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 264.60 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 264.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 264.60 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 236.60 270.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 236.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 236.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 236.60 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 236.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 236.60 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 236.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 236.60 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 208.60 270.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 208.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 208.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 208.60 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 208.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 208.60 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 208.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 208.60 59.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 334.6 m 377.5 334.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 334.6 m 440.5 334.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 334.6 m 498.5 334.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 334.6 m 561.5 334.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 264.6 m 377.5 264.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 264.6 m 440.5 264.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 264.6 m 498.5 264.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 264.6 m 561.5 264.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 208.60000000000002 m 377.5 208.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 195.60000000000002 m 377.5 195.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 193.60000000000002 m 377.5 193.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 208.60000000000002 m 440.5 208.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 195.60000000000002 m 440.5 195.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 193.60000000000002 m 440.5 193.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 208.60000000000002 m 498.5 208.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 195.60000000000002 m 498.5 195.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 193.60000000000002 m 498.5 193.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 208.60000000000002 m 561.5 208.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 195.60000000000002 m 561.5 195.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 193.60000000000002 m 561.5 193.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 335.55 338.83 Td (Energy) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.60 338.83 Td (Ag) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.20 345.68 Td (Corporate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.40 337.68 Td (and Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.75 338.83 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.20 324.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 311.17 Td (Balances, August 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.00 311.17 Td (..............................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.00 311.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.65 311.17 Td (552) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.00 311.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.15 311.17 Td (142,665) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.00 311.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 311.17 Td (6,898) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 311.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 311.17 Td (150,115) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 297.17 Td (Goodwill acquired during the period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.50 297.17 Td (...............................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.65 297.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 297.17 Td (5,726) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 297.17 Td (4,048) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 297.17 Td (9,774) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 283.17 Td (Effect of foreign currency translation adjustments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.00 283.17 Td (..........................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.65 283.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 283.17 Td (1,220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 283.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 283.17 Td (1,220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 269.17 Td (Goodwill disposed due to sale of business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.00 269.17 Td (......................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.65 269.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.30 269.22 Td (\(695) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 269.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 269.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 269.22 Td (\(695) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 269.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 255.17 Td (Balances, August 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.00 255.17 Td (..............................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.00 255.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.65 255.17 Td (552) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.00 255.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.15 255.17 Td (148,916) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.00 255.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 255.17 Td (10,946) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 255.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 255.17 Td (160,414) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 241.17 Td (Effect of foreign currency translation adjustments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.00 241.17 Td (..........................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.65 241.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.65 241.17 Td (121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 241.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 241.17 Td (121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 227.17 Td (Impairment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.00 227.17 Td (......................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.65 227.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.80 227.22 Td (\(5,542) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 227.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 227.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 227.22 Td (\(5,542) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 227.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 213.17 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 213.17 Td (................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.65 213.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.30 213.22 Td (\(566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 213.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.30 213.22 Td (\(372) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 213.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 213.22 Td (\(938) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 213.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 199.17 Td (Balances, August 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.00 199.17 Td (..............................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.00 199.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.65 199.17 Td (552) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.00 199.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.15 199.17 Td (142,929) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.00 199.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 199.17 Td (10,574) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 199.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 199.17 Td (154,055) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 171.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 171.10 Td (No) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.22 171.10 Td ( goodwill has been allocated to our Nitrogen Production or Foods segments, which consist of investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 159.10 Td (accounted for under the equity method.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 135.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 135.10 Td (All long-lived assets, including property) Tj ET Q q 0 0 0 rg BT 246.71 135.10 Td (, plant and equipment, goodwill, investments in unconsolidated af) Tj ET Q q 0 0 0 rg BT 510.10 135.10 Td (filiates and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 123.10 Td (other identifiable intangible assets, are evaluated for impairment in accordance with U.S. GAAP) Tj ET Q q 0 0 0 rg BT 434.60 123.10 Td (. Goodwill is evaluated for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 111.10 Td (impairment annually as of July 31. ) Tj ET Q q 0 0 0 rg BT 190.81 111.10 Td (All long-lived assets, including goodwill, are also evaluated for impairment whenever ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 99.10 Td (events or changes in circumstances indicate that the carrying amount of an asset group or reporting unit may not be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 87.10 Td (recoverable. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.63 87.10 Td (No) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.85 87.10 Td ( impairments were identified as a result of CHS) Tj ET Q q 0 0 0 rg BT 307.14 87.10 Td (s annual goodwill analyses performed as of May 31, 2017, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 75.10 Td (July 31, 2017. See Note 1, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 158.05 75.10 Td (Or) Tj ET Q q 0 0 0 rg BT 168.79 75.10 Td (ganization, Basis of Pr) Tj ET Q q 0 0 0 rg BT 260.09 75.10 Td (esentation and Significant ) Tj ET Q q 0 0 0 rg BT 366.85 75.10 Td (Accounting Policies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.10 75.10 Td ( for further details related to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 63.10 Td (our change in annual goodwill impairment testing.) Tj ET Q endstream endobj 225 0 obj <>] /Rotate 0 /Contents 226 0 R>> endobj 226 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 9.00 Tf ET q 0 0 0 rg BT 161.35 762.50 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 193.95 762.50 Td (T) Tj ET Q q 0 0 0 rg BT 199.79 762.50 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 262.88 762.50 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 334.14 762.50 Td ( ST) Tj ET Q q 0 0 0 rg BT 346.73 762.50 Td (A) Tj ET Q q 0 0 0 rg BT 352.56 762.50 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 742.10 Td (During the three months ended May 31, 2017, certain assets and liabilities associated with a disposal group in our ) Tj ET Q q 0 0 0 rg BT 542.85 742.10 Td (Ag ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (segment were classified as held for sale, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.54 730.10 Td ($5.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.44 730.10 Td ( of goodwill allocated to the disposal group on a relative fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (value basis. ) Tj ET Q q 0 0 0 rg BT 98.60 718.10 Td (As a result of an impairment test performed over the disposal group, an impairment char) Tj ET Q q 0 0 0 rg BT 451.93 718.10 Td (ge of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.70 718.10 Td ($51.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.59 718.10 Td ( which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (includes the allocated goodwill, was recorded in the reserve and impairment char) Tj ET Q q 0 0 0 rg BT 374.14 706.10 Td (ges line item in the Consolidated Statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (of Operations for the three and nine months ended May 31, 2017. During the fourth quarter of fiscal 2017, an additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (impairment was recorded for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.29 682.10 Td ($26.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.18 682.10 Td ( based on subsequent developments and circumstances. ) Tj ET Q q 0 0 0 rg BT 445.45 682.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.35 682.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.74 682.10 Td (, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (assets remaining within the disposal group primarily include property) Tj ET Q q 0 0 0 rg BT 327.63 670.10 Td (, plant and equipment of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.60 670.10 Td ($8.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.49 670.10 Td (, inventories of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.26 670.10 Td ($20.5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 658.10 Td (, and accounts receivable of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.72 658.10 Td ($6.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.62 658.10 Td (. ) Tj ET Q q 0 0 0 rg BT 246.44 658.10 Td (This disposal group represents assets being sold as part of a broader asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (portfolio review project. Negotiations for the sale of these assets are ongoing and we believe their sale will be consummated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (within the next 12 months. ) Tj ET Q q 0 0 0 rg BT 159.26 634.10 Td (The held for sale assets and liabilities are recorded in other current assets and accounts payable in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (our Consolidated Balance Sheet as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.63 622.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.02 622.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 604.10 Td (During the year ended ) Tj ET Q q 0 0 0 rg BT 177.08 604.10 Td (August 31, 2016, we had acquisitions which resulted in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.21 604.10 Td ($9.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.11 604.10 Td ( of goodwill, for which we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (paid cash consideration of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.19 592.10 Td ($1) Tj ET Q q 0 0 0 rg BT 166.82 592.10 Td (1.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.71 592.10 Td (. ) Tj ET Q q 0 0 0 rg BT 215.53 592.10 Td (These acquisitions were not material, individually or in aggregate, to our consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (financial statements. During the year ended ) Tj ET Q q 0 0 0 rg BT 225.77 580.10 Td (August31, 2016, we disposed of a business resulting in a reduction of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.79 580.10 Td ($0.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.68 580.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (of goodwill.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 550.10 Td (Intangible assets subject to amortization primarily include customer lists, trademarks and non-compete agreements, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (and are amortized over their respective useful lives \(ranging from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.89 538.10 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.89 538.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.67 538.10 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.67 538.10 Td (years\). Information regarding intangible assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (included in other assets on our Consolidated Balance Sheets is as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 468.60 205.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 468.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 468.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 468.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 468.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 468.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 468.60 9.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 468.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 468.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 468.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 468.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 468.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 439.60 205.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 439.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 439.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 439.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 439.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 439.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 439.60 9.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 439.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 439.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 439.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 439.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 439.60 47.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 502.6 m 301.5 502.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 502.6 m 305.5 502.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 502.6 m 352.5 502.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 502.6 m 356.5 502.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 502.6 m 403.5 502.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 502.6 m 459.5 502.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 502.6 m 463.5 502.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 502.6 m 510.5 502.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 502.6 m 514.5 502.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 502.6 m 561.5 502.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 482.6 m 301.5 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 482.6 m 352.5 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 482.6 m 403.5 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 482.6 m 459.5 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 482.6 m 510.5 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 482.6 m 561.5 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 439.6 m 301.5 439.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 426.6 m 301.5 426.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 424.6 m 301.5 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 439.6 m 352.5 439.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 426.6 m 352.5 426.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 424.6 m 352.5 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 439.6 m 403.5 439.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 426.6 m 403.5 426.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 424.6 m 403.5 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 439.6 m 459.5 439.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 426.6 m 459.5 426.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 424.6 m 459.5 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 439.6 m 510.5 439.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 426.6 m 510.5 426.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 424.6 m 510.5 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 439.6 m 561.5 439.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 426.6 m 561.5 426.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 424.6 m 561.5 424.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.25 506.83 Td (August 31, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.25 506.83 Td (August 31, 2016) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 263.65 493.66 Td (Carrying) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 265.20 486.66 Td (Amount) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 308.65 493.66 Td (Accumulated) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 308.45 486.66 Td (Amortization) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 374.25 486.66 Td (Net) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 421.65 493.66 Td (Carrying) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 423.20 486.66 Td (Amount) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 466.65 493.66 Td (Accumulated) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 466.45 486.66 Td (Amortization) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 532.25 486.66 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.70 472.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 459.17 Td (Customer lists) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.00 459.17 Td (........................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.00 459.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.10 459.17 Td (46,180) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.00 459.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.80 459.22 Td (\(14,695) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.65 459.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.00 459.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.10 459.17 Td (31,485) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 459.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.10 459.17 Td (51,554) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.00 459.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.80 459.22 Td (\(15,550) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.65 459.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.00 459.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.10 459.17 Td (36,004) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 444.27 Td (Trademarks and other intangible assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.50 444.17 Td (.................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.10 444.27 Td (23,623) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.80 444.32 Td (\(21,778) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.65 444.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.15 444.27 Td (1,845) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.10 444.27 Td (35,015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.80 444.32 Td (\(26,253) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.65 444.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 444.27 Td (8,762) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 430.17 Td (Total intangible assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 430.17 Td (............................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.00 430.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.10 430.17 Td (69,803) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.00 430.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.80 430.22 Td (\(36,473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.65 430.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.00 430.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.10 430.17 Td (33,330) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 430.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.10 430.17 Td (86,569) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.00 430.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.80 430.22 Td (\(41,803) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.65 430.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.00 430.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.10 430.17 Td (44,766) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 414.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 402.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 402.10 Td (During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.97 402.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.36 402.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.30 402.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.30 402.10 Td (, intangible assets acquired totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.26 402.10 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 402.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.59 402.10 Td ($2.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.48 402.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 390.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 390.10 Td (, and were primarily within our ) Tj ET Q q 0 0 0 rg BT 224.58 390.10 Td (Ag segment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 366.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 366.10 Td (Intangible assets amortization expense for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.92 366.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.31 366.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.31 366.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.31 366.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.25 366.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.25 366.10 Td (, was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.30 366.10 Td ($4.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.19 366.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.19 366.10 Td ($6.1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 354.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 354.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.33 354.10 Td ($7.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.22 354.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 199.88 354.10 Td (. ) Tj ET Q q 0 0 0 rg BT 204.70 354.10 Td (The estimated annual amortization expense related to intangible assets subject to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 342.10 Td (amortization for the next five years is as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 316.60 411.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 316.60 101.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 286.60 411.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 286.60 101.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 256.60 411.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 256.60 101.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 226.60 411.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 226.60 101.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 226.60000000000002 m 562.5 226.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 212.60000000000002 m 562.5 212.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 210.60000000000002 m 562.5 210.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.70 322.28 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 306.27 Td (Year 1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.50 306.17 Td (.......................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.00 306.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 306.27 Td (3,396) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 291.27 Td (Year 2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.50 291.17 Td (.......................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 291.27 Td (3,394) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 276.27 Td (Year 3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.50 276.17 Td (.......................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 276.27 Td (3,152) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 261.27 Td (Year 4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.50 261.17 Td (.......................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 261.27 Td (3,069) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 246.27 Td (Year 5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.50 246.17 Td (.......................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 246.27 Td (2,828) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 231.27 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.50 231.17 Td (.................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 231.27 Td (17,395) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 216.27 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.50 216.17 Td (.........................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.00 216.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 216.27 Td (33,234) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 188.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 188.10 Td ( ) Tj ET Q q 0 0 0 rg BT 88.32 188.10 Td (The costs of turnarounds in our Ener) Tj ET Q q 0 0 0 rg BT 234.77 188.10 Td (gy segment are deferred when incurred and amortized on a straight-line basis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 176.10 Td (over the period estimated to lapse until the next turnaround occurs, which is generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.73 176.10 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.73 176.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.51 176.10 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.51 176.10 Td ( years. Capitalized amounts are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 164.10 Td (included in other assets on our Consolidated Balance Sheets and amortization expense related to turnaround costs is included in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 152.10 Td (cost of goods sold in our Consolidated Statements of Operations. ) Tj ET Q q 0 0 0 rg BT 311.92 152.10 Td (Activity related to capitalized major maintenance costs is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 140.10 Td (summarized below:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 88.60 262.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 88.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 88.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 88.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 88.60 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 88.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 88.60 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 88.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 60.60 262.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 60.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 60.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 60.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 60.60 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 60.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 60.60 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 60.60 60.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 100.60000000000002 m 370.5 100.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 100.60000000000002 m 433.5 100.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 100.60000000000002 m 496.5 100.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 100.60000000000002 m 562.5 100.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 323.10 120.83 Td (Balance at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 323.65 112.83 Td (Beginning) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.85 104.83 Td (of Year) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.20 112.83 Td (Cost) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.75 104.83 Td (Deferred) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.60 104.83 Td (Amortization) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 514.10 112.83 Td (Balance at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.75 104.83 Td (End of Year) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 181.00 92.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.20 92.68 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 79.17 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 79.17 Td (..............................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.00 79.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 79.17 Td (169,054) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.00 79.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 79.17 Td (3,010) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.00 79.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.80 79.22 Td (\(67,058) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 79.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 79.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 79.17 Td (105,006) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 65.17 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 65.17 Td (..............................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 65.17 Td (241,588) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 65.17 Td (949) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.80 65.22 Td (\(73,483) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 65.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 65.17 Td (169,054) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 51.17 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 51.17 Td (..............................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 51.17 Td (67,643) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 51.17 Td (219,898) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.80 51.22 Td (\(45,953) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 51.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 51.17 Td (241,588) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 227 0 obj <>] /Rotate 0 /Contents 228 0 R>> endobj 228 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 9.00 Tf ET q 0 0 0 rg BT 161.35 762.50 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 193.95 762.50 Td (T) Tj ET Q q 0 0 0 rg BT 199.79 762.50 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 262.88 762.50 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 334.14 762.50 Td ( ST) Tj ET Q q 0 0 0 rg BT 346.73 762.50 Td (A) Tj ET Q q 0 0 0 rg BT 352.56 762.50 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-21) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (Note 7 ) Tj ET Q q 0 0 0 rg BT 86.00 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 718.10 Td (Notes Payable and Long-T) Tj ET Q q 0 0 0 rg BT 234.71 718.10 Td (erm Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 694.10 Td (Our notes payable and long-term debt are subject to various restrictive requirements for maintenance of minimum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (consolidated net worth and other financial ratios. ) Tj ET Q q 0 0 0 rg BT 248.09 682.10 Td (W) Tj ET Q q 0 0 0 rg BT 256.73 682.10 Td (e were in compliance with our debt covenants as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.88 682.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.27 682.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 658.10 Td (Notes Payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 634.10 Td (Notes payable as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.53 634.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.92 634.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.86 634.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.86 634.10 Td (, consisted of the following:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 51.50 566.60 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 566.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 566.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 566.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 566.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 566.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 566.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 566.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 566.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 51.50 536.60 374.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 536.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 536.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 536.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 536.60 63.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.5 596.6 m 358.5 596.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 596.6 m 362.5 596.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 596.6 m 425.5 596.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.5 581.6 m 358.5 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 581.6 m 425.5 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 581.6 m 492.5 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 581.6 m 559.5 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 536.6 m 492.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 536.6 m 559.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 536.6 m 492.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 522.6 m 492.5 522.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 520.6 m 492.5 520.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 536.6 m 559.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 522.6 m 559.5 522.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 520.6 m 559.5 520.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 305.85 600.83 Td (Weighted-average Interest Rate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 318.50 585.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 385.50 585.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 585.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.50 585.83 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 571.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.20 570.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 556.27 Td (Notes payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 556.17 Td (......................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.55 556.27 Td (2.40%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.55 556.27 Td (1.72%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.00 556.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 556.27 Td (1,695,423) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 556.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.65 556.27 Td (1,803,174) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 541.27 Td (CHS Capital notes payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.00 541.17 Td (..................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.55 541.27 Td (1.93%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.55 541.27 Td (1.31%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 541.27 Td (292,792) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.15 541.27 Td (928,305) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 526.27 Td (Total notes payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.00 526.17 Td (....................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.00 526.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 526.27 Td (1,988,215) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 526.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.65 526.27 Td (2,731,479) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 494.50 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 494.50 Td (In September 2015, we amended and restated our primary committed line of credit which is a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.27 494.50 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.82 494.50 Td (-year) Tj ET Q q 0 0 0 rg BT 497.95 494.50 Td (, unsecured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 482.50 Td (revolving credit facility with a syndication of domestic and international banks. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 464.50 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 464.50 Td (In December 2015, we entered into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.55 464.50 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.54 464.50 Td ( bilateral, uncommitted revolving credit facilities, of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.35 464.50 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.79 464.50 Td ( remains. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 452.50 Td (Amounts borrowed under these short-term credit facilities are used to fund our working capital. ) Tj ET Q q 0 0 0 rg BT 434.43 452.50 Td (The following table ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 440.50 Td (summarizes our primary lines of credit as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.84 440.50 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.23 440.50 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.17 440.50 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.17 440.50 Td (: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 368.00 174.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 368.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 368.00 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 368.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 368.00 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 368.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 368.00 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 368.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 368.00 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 368.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 368.00 109.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 398 m 224.5 398 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 398 m 275.5 398 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 398 m 341.5 398 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 398 m 395.5 398 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 398 m 399.5 398 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 398 m 449.5 398 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 398 m 562.5 398 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 383 m 341.5 383 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 383 m 395.5 383 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 383 m 449.5 383 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 402.23 Td (Revolving Credit Facilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.50 402.23 Td (Maturities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.90 402.23 Td (Total Capacity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.70 402.23 Td (Borrowings Outstanding) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 483.65 402.23 Td (Interest Rates) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.00 387.23 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.00 387.23 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.00 387.23 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 326.20 372.23 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 358.57 Td (Committed Five-Year Unsecured Facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.50 358.57 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.50 358.57 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.00 358.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 358.57 Td (3,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.25 358.57 Td ($480,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.25 358.57 Td ($700,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.45 358.57 Td (LIBOR+0.00% to 1.45%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 344.57 Td (Uncommitted Bilateral Facilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.00 344.57 Td (..............) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.50 344.57 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.15 344.57 Td (250,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.75 344.57 Td (250,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.75 344.57 Td (300,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.45 344.57 Td (LIBOR+0.00% to 1.05%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.50 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 322.50 Td (In addition to our primary revolving lines of credit, we have a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 322.50 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.63 322.50 Td (-year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.67 322.50 Td ($325.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.56 322.50 Td ( committed revolving pre-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.50 Td (export credit facility for CHS ) Tj ET Q q 0 0 0 rg BT 169.69 310.50 Td (Agronegocio Industria e Comercio Ltda \("CHS ) Tj ET Q q 0 0 0 rg BT 360.96 310.50 Td (Agronegocio"\), our wholly-owned subsidiary) Tj ET Q q 0 0 0 rg BT 542.13 310.50 Td (, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.50 Td (provide financing for its working capital needs arising from its purchases and sales of grains, fertilizers and other agricultural ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.50 Td (products which expires in ) Tj ET Q q 0 0 0 rg BT 154.98 286.50 Td (April 2019. ) Tj ET Q q 0 0 0 rg BT 203.04 286.50 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.93 286.50 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.32 286.50 Td (, the outstanding balance under the facility was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.09 286.50 Td ($250.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.98 286.50 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.50 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 262.50 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.89 262.50 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.28 262.50 Td (, our wholly-owned subsidiaries, CHS Europe S.a.r) Tj ET Q q 0 0 0 rg BT 380.71 262.50 Td (.l. and CHS ) Tj ET Q q 0 0 0 rg BT 429.33 262.50 Td (Agronegocio, had uncommitted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.50 Td (lines of credit with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.76 250.50 Td ($433.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.65 250.50 Td ( outstanding. In addition, our other international subsidiaries had lines of credit with a total of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.50 Td ($168.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.89 238.50 Td ( outstanding as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.67 238.50 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.06 238.50 Td (, of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.83 238.50 Td ($15.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.72 238.50 Td ( was collateralized. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.50 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 214.50 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 214.50 Td (e also maintain an uncommitted bilateral facility available to multiple subsidiaries with an outstanding balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.50 Td (under the facility of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.64 202.50 Td ($100.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.53 202.50 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.14 202.50 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.53 202.50 Td (. Miscellaneous short-term notes payable totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.86 202.50 Td ($13.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.75 202.50 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.50 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.39 190.50 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 166.50 Td (CHS Capital Notes Payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.50 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 142.50 Td (On July 18, 2017, we amended the facility with certain unaf) Tj ET Q q 0 0 0 rg BT 325.75 142.50 Td (filiated financial institutions. Under the Securitization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.50 Td (Facility) Tj ET Q q 0 0 0 rg BT 79.90 130.50 Td (, CHS Capital and CHS both sell eligible Receivables they have originated to Cofina, a wholly owned, bankruptcy-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.50 Td (remote, indirect subsidiary of CHS. Cofina in turn sells the purchased Receivables in their entirety to the Purchasers. Prior to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.50 Td (the amended Securitization Facility in July 2017, the transfer of Receivables was accounted for as a secured borrowing.Under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.50 Td (the terms of the amended Securitization Facility) Tj ET Q q 0 0 0 rg BT 241.51 94.50 Td (, CHS accounts for Receivables sold under the facility as a sale of financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.50 Td (assets and derecognizes the sold Receivables from its Consolidated Balance Sheets. ) Tj ET Q q 0 0 0 rg BT 386.95 82.50 Td (The amount available under the Facility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.50 Td (fluctuates over time based on the total amount of eligible Receivables generated during the normal course of business, with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.50 Td (maximum availability of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.37 58.50 Td ($700.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.26 58.50 Td (. ) Tj ET Q q 0 0 0 rg BT 214.71 58.50 Td (As of) Tj ET Q q 0 0 0 rg BT 238.60 58.50 Td (August31, 2017, the total availability under the Securitization Facility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.50 Td (was) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.05 46.50 Td ($618.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.94 46.50 Td (, of which all has been utilized. ) Tj ET Q endstream endobj 229 0 obj <>] /Rotate 0 /Contents 230 0 R>> endobj 230 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 9.00 Tf ET q 0 0 0 rg BT 161.35 762.50 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 193.95 762.50 Td (T) Tj ET Q q 0 0 0 rg BT 199.79 762.50 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 262.88 762.50 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 334.14 762.50 Td ( ST) Tj ET Q q 0 0 0 rg BT 346.73 762.50 Td (A) Tj ET Q q 0 0 0 rg BT 352.56 762.50 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 730.10 Td (CHS Capital has available credit under master participation agreements with numerous counterparties. Prior to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (fourth quarter of fiscal 2017 all borrowings under these agreements were accounted for as secured borrowings. During the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (fourth quarter of fiscal 2017 certain of these agreements were amended resulting in the Company accounting for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (participations as the sale of financial assets. ) Tj ET Q q 0 0 0 rg BT 226.61 694.10 Td (As of ) Tj ET Q q 0 0 0 rg BT 250.50 694.10 Td (August31, 2017, the remaining participations accounted for as secured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (borrowings bear interest at variable rates ranging from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.47 682.10 Td (2.61%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.30 682.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.08 682.10 Td (4.45%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.91 682.10 Td (. ) Tj ET Q q 0 0 0 rg BT 339.36 682.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.25 682.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.64 682.10 Td (, the total funding commitment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (under these agreements was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.40 670.10 Td ($94.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.29 670.10 Td (, of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.06 670.10 Td ($29.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.95 670.10 Td ( was borrowed.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 646.10 Td (CHS Capital sells loan commitments it has originated to ProPartners Financial \("ProPartners"\) on a recourse basis. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (The total capacity for commitments under the ProPartners program is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.92 634.10 Td ($265.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.81 634.10 Td (. ) Tj ET Q q 0 0 0 rg BT 393.63 634.10 Td (The total outstanding commitments under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (the program totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.81 622.10 Td ($220.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.70 622.10 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.31 622.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.70 622.10 Td (, of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.47 622.10 Td ($144.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.36 622.10 Td ( was borrowed under these commitments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (with an interest rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.47 610.10 Td (2.45%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.30 610.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 586.10 Td (CHS Capital borrows funds under short-term notes issued as part of a surplus funds program. Borrowings under this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (program are unsecured and bear interest at variable rates ranging from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.48 574.10 Td (0.10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.31 574.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.09 574.10 Td (0.90%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.92 574.10 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.53 574.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.92 574.10 Td (, and are due upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (demand. Borrowings under these notes totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.01 562.10 Td ($1) Tj ET Q q 0 0 0 rg BT 247.64 562.10 Td (19.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.53 562.10 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.14 562.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.53 562.10 Td (. ) Tj ET Q endstream endobj 231 0 obj <>] /Rotate 0 /Contents 232 0 R>> endobj 232 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 9.00 Tf ET q 0 0 0 rg BT 161.35 762.50 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 193.95 762.50 Td (T) Tj ET Q q 0 0 0 rg BT 199.79 762.50 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 262.88 762.50 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 334.14 762.50 Td ( ST) Tj ET Q q 0 0 0 rg BT 346.73 762.50 Td (A) Tj ET Q q 0 0 0 rg BT 352.56 762.50 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (Long-T) Tj ET Q q 0 0 0 rg BT 116.19 742.10 Td (erm Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 718.10 Td (Amounts included in long-term debt on our Consolidated Balance Sheets as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.05 718.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.45 718.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.38 718.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.38 718.10 Td (, are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (presented in the table below) Tj ET Q q 0 0 0 rg BT 161.53 706.10 Td (. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 669.60 374.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 669.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 669.60 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 669.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 669.60 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 619.60 374.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 619.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 619.60 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 619.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 619.60 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 569.60 374.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 569.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 569.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 569.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 569.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 539.60 374.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 539.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 539.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 539.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 539.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 509.60 374.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 509.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 509.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 509.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 509.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 479.60 374.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 479.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 479.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 479.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 479.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 449.60 374.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 449.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 449.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 449.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 449.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 419.60 374.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 419.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 419.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 419.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 419.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 389.60 374.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 389.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 389.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 389.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 389.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 359.60 374.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 359.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 359.60 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 359.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 359.60 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 319.60 374.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 319.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 319.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 319.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 319.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 289.60 374.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 289.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 289.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 289.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 289.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 259.60 374.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 259.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 259.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 259.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 259.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 229.60 374.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 229.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 229.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 229.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 229.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 683.6 m 493.5 683.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 683.6 m 562.5 683.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 683.6 m 493.5 683.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 683.6 m 562.5 683.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 374.6 m 493.5 374.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 374.6 m 562.5 374.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 319.6 m 493.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 319.6 m 562.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 259.6 m 493.5 259.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 259.6 m 562.5 259.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 229.60000000000002 m 562.5 229.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 229.60000000000002 m 493.5 229.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 215.60000000000002 m 493.5 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 213.60000000000002 m 493.5 213.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 229.60000000000002 m 562.5 229.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 215.60000000000002 m 562.5 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 213.60000000000002 m 562.5 213.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 687.68 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 687.68 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.20 673.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 659.27 Td (6.18% unsecured notes $400 million face amount, due in equal installments beginning in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 649.27 Td (2014 through 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.00 649.17 Td (....................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 649.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 649.27 Td (80,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 649.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 649.27 Td (160,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 634.27 Td (5.60% unsecured notes $60 million face amount, due in equal installments beginning in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 624.27 Td (2012 through 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.00 624.17 Td (....................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 624.27 Td (4,615) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 624.27 Td (13,846) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 609.27 Td (5.78% unsecured notes $50 million face amount, due in equal installments beginning in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 599.27 Td (2014 through 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.00 599.17 Td (....................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 599.27 Td (10,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 599.27 Td (20,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 584.27 Td (4.00% unsecured notes $100 million face amount, due in equal installments beginning in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 574.27 Td (2017 through 2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.00 574.17 Td (....................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 574.27 Td (80,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 574.27 Td (100,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 559.27 Td (4.08% unsecured notes $130 million face amount, due in 2019 ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 305.72 563.80 Td (\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.50 559.17 Td (...........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 559.27 Td (130,690) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 559.27 Td (141,344) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 544.27 Td (4.52% unsecured notes $160 million face amount, due in 2021 ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 305.72 548.80 Td (\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.50 544.17 Td (...........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 544.27 Td (163,496) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 544.27 Td (162,633) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 529.27 Td (4.67% unsecured notes $130 million face amount, due in 2023 ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 305.72 533.80 Td (\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.50 529.17 Td (...........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 529.27 Td (135,792) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 529.27 Td (138,101) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 514.27 Td (4.39% unsecured notes $152 million face amount, due in 2023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 514.17 Td (...............................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 514.27 Td (152,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 514.27 Td (152,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 499.27 Td (3.85% unsecured notes $80 million face amount, due in 2025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 499.17 Td (.................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 499.27 Td (80,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 499.27 Td (80,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 484.27 Td (3.80% unsecured notes $100 million face amount, due in 2025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 484.17 Td (...............................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 484.27 Td (100,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 484.27 Td (100,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 469.27 Td (4.58% unsecured notes $150 million face amount, due in 2025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 469.17 Td (...............................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 469.27 Td (149,293) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 469.27 Td (150,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 454.27 Td (4.82% unsecured notes $80 million face amount, due in 2026) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 454.17 Td (.................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 454.27 Td (80,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 454.27 Td (80,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 439.27 Td (4.69% unsecured notes $58 million face amount, due in 2027) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 439.17 Td (.................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 439.27 Td (58,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 439.27 Td (58,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 424.27 Td (4.74% unsecured notes $95 million face amount, due in 2028) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 424.17 Td (.................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 424.27 Td (95,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 424.27 Td (95,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 409.27 Td (4.89% unsecured notes $100 million face amount, due in 2031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 409.17 Td (...............................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 409.27 Td (100,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 409.27 Td (100,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 394.27 Td (4.71% unsecured notes $100 million face amount, due in 2033) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 394.17 Td (...............................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 394.27 Td (100,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 394.27 Td (100,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 379.27 Td (5.40% unsecured notes $125 million face amount, due in 2036) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 379.17 Td (...............................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 379.27 Td (125,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 379.27 Td (125,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 364.27 Td (Private Placement debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.00 364.17 Td (..............................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 364.27 Td (1,643,886) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 364.27 Td (1,775,924) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 349.27 Td (5.59% unsecured term loans from cooperative and other banks, due in equal installments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 339.27 Td (beginning in 2013 through 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.50 339.17 Td (...............................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 339.27 Td (15,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 339.27 Td (45,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 324.27 Td (2.25% unsecured term loans from cooperative and other banks, due in 2025) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 355.41 328.80 Td ( \(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.00 324.17 Td (......................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 324.27 Td (430,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 324.27 Td (300,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 309.27 Td (Bank financing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.00 309.17 Td (..........................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 309.27 Td (445,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 309.27 Td (345,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 294.27 Td (Capital lease obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.50 294.17 Td (...........................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 294.27 Td (33,075) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 294.27 Td (105,708) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 279.27 Td (Other notes and contracts with interest rates from 1.30% to 15.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.50 279.17 Td (.......................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 279.27 Td (62,652) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 279.27 Td (76,147) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 264.27 Td (Deferred financing costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.50 264.17 Td (...........................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 264.32 Td (\(4,820) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 264.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 264.32 Td (\(5,574) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 264.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 249.27 Td (Total long-term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 249.17 Td (..................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 249.27 Td (2,179,793) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 249.27 Td (2,297,205) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 234.27 Td (Less current portion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 234.17 Td (..................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 234.27 Td (156,345) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 234.27 Td (214,329) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 219.27 Td (Long-term portion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.50 219.17 Td (.....................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 219.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 219.27 Td (2,023,448) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 219.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 219.27 Td (2,082,876) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 205.50 Td (_______________________________________) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 68.00 188.43 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 183.90 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 183.90 Td (e have entered interest rate swaps designated as fair value hedging relationships with these notes. Changes in the fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 171.90 Td (value of the swaps are recorded each period with a corresponding adjustment to the carrying value of the debt. See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 159.90 Td (Note 12, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 122.94 159.90 Td (Derivative Financial Instruments and Hedging ) Tj ET Q q 0 0 0 rg BT 313.00 159.90 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.21 159.90 Td ( for more information.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 68.00 146.43 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 141.90 Td (Borrowings are variable under the agreement and bear interest at a base rate \(or a LIBO rate\) plus an applicable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 129.90 Td (mar) Tj ET Q q 0 0 0 rg BT 101.37 129.90 Td (gin.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 111.90 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 111.90 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.89 111.90 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.28 111.90 Td (, the carrying value of our long-term debt approximated its fair value, which is estimated to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 99.90 Td ($2.1 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.11 99.90 Td ( based on quoted market prices of similar debt \(a Level 2 fair value measurement based on the classification ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 87.90 Td (hierarchy of ) Tj ET Q q 0 0 0 rg BT 100.53 87.90 Td (ASC ) Tj ET Q q 0 0 0 rg BT 122.30 87.90 Td (T) Tj ET Q q 0 0 0 rg BT 127.71 87.90 Td (opic 820, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 167.43 87.90 Td (Fair V) Tj ET Q q 0 0 0 rg BT 192.71 87.90 Td (alue Measur) Tj ET Q q 0 0 0 rg BT 242.61 87.90 Td (ement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.48 87.90 Td (\). ) Tj ET Q q 0 0 0 rg BT 274.63 87.90 Td (W) Tj ET Q q 0 0 0 rg BT 283.27 87.90 Td (e have outstanding interest rate swaps designated as fair value hedges ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 75.90 Td (of select portions of our fixed-rate debt. During fiscal 2017, we recorded corresponding fair value adjustments of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.58 75.90 Td ($12.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.47 75.90 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 63.90 Td (which are included in the amounts in the table above. See Note 12, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 319.64 63.90 Td (Derivative Financial Instruments and Hedging ) Tj ET Q q 0 0 0 rg BT 509.71 63.90 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.91 63.90 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 51.90 Td (additional information.) Tj ET Q endstream endobj 233 0 obj <>] /Rotate 0 /Contents 234 0 R>> endobj 234 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 9.00 Tf ET q 0 0 0 rg BT 161.35 762.50 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 193.95 762.50 Td (T) Tj ET Q q 0 0 0 rg BT 199.79 762.50 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 262.88 762.50 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 334.14 762.50 Td ( ST) Tj ET Q q 0 0 0 rg BT 346.73 762.50 Td (A) Tj ET Q q 0 0 0 rg BT 352.56 762.50 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 730.10 Td (In September 2015, we entered a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.12 730.10 Td (ten) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.33 730.10 Td (-year term loan with a syndication of banks. ) Tj ET Q q 0 0 0 rg BT 410.71 730.10 Td (The agreement provides for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (committed term loans in an amount up to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.19 718.10 Td ($600.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.08 718.10 Td (. ) Tj ET Q q 0 0 0 rg BT 280.90 718.10 Td (The full amount was drawn down in January 2016. ) Tj ET Q q 0 0 0 rg BT 486.42 718.10 Td (Amounts drawn ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (under this agreement that are subsequently repaid or prepaid may not be reborrowed. Principal on the term loans is payable in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (full on September4, 2025. Borrowings under the agreement bear interest at a base rate \(or a LIBO rate\) plus an applicable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (mar) Tj ET Q q 0 0 0 rg BT 65.37 682.10 Td (gin, or at a fixed rate of interest determined and quoted by the administrative agent under the agreement in its sole and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (absolute discretion from time to time. ) Tj ET Q q 0 0 0 rg BT 202.84 670.10 Td (The applicable mar) Tj ET Q q 0 0 0 rg BT 279.84 670.10 Td (gin is based on our leverage ratio and ranges between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.43 670.10 Td (1.50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.26 670.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (2.00%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.83 658.10 Td ( for LIBO rate loans and between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.17 658.10 Td (0.50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.00 658.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.44 658.10 Td (1.00%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.27 658.10 Td ( for base rate loans. ) Tj ET Q q 0 0 0 rg BT 363.24 658.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.13 658.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.52 658.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.52 658.10 Td ($300.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.41 658.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (outstanding under this agreement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 622.10 Td (In January 2016, we consummated a private placement of long-term notes in the aggregate principal amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.52 622.10 Td ($680.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 610.10 Td ( with certain accredited investors, which long-term notes are layered into six series which are included in the table ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (above.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 574.10 Td (In June 2016, we amended the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.13 574.10 Td (ten) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.35 574.10 Td (-year term loan so that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.81 574.10 Td ($300.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.71 574.10 Td ( of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.75 574.10 Td ($600.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.64 574.10 Td ( loan balance possessed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (a revolving feature, whereby we were able to pay down and re-advance an amount up to the referenced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.53 562.10 Td ($300.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.42 562.10 Td (. ) Tj ET Q q 0 0 0 rg BT 528.24 562.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (revolving feature matured on September 1, 2017, and the total funded loan balance on that day reverted to a non-revolving term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (loan. No other material changes were made to the original terms and conditions of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.00 538.10 Td (ten) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.22 538.10 Td (-year term loan. During fiscal 2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (we re-advanced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.51 526.10 Td ($130.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.40 526.10 Td ( under the revolving provision of the loan. ) Tj ET Q q 0 0 0 rg BT 345.58 526.10 Td (The terms of the re-advance are the same as the terms ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (of the original term loan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 490.10 Td (Long-term debt outstanding as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.25 490.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 490.10 Td (, has aggregate maturities, excluding fair value adjustments and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (capital leases \(see Note 5, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 156.06 478.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 165.69 478.10 Td (operty) Tj ET Q q 0 0 0 rg BT 190.69 478.10 Td (, Plant and Equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.68 478.10 Td ( for a schedule of minimum future lease payments under capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (leases\), as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 434.60 424.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 434.60 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 404.60 424.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 404.60 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 374.60 424.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 374.60 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 344.60 424.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 344.60 88.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 344.6 m 562.5 344.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 330.6 m 562.5 330.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 328.6 m 562.5 328.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 439.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 480.20 438.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 424.27 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 424.17 Td (...............................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.00 424.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 424.27 Td (149,050) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 409.27 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 409.17 Td (...............................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 409.27 Td (167,412) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 394.27 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 394.17 Td (...............................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 394.27 Td (31,478) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 379.27 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 379.17 Td (...............................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 379.27 Td (182,949) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 364.27 Td (2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 364.17 Td (...............................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 364.27 Td (126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 349.27 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.00 349.17 Td (......................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 349.27 Td (1,611,385) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 334.27 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 334.17 Td (...............................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.00 334.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 334.27 Td (2,142,400) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 318.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 294.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 294.10 Td (Interest expense for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.49 294.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.88 294.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.88 294.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.88 294.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.82 294.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.82 294.10 Td (, was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.88 294.10 Td ($171.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.77 294.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.77 294.10 Td ($1) Tj ET Q q 0 0 0 rg BT 461.40 294.10 Td (13.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.29 294.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.73 294.10 Td ($70.7 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 282.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 282.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 131.55 282.10 Td (, net of capitalized interest of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.67 282.10 Td ($6.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.56 282.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.56 282.10 Td ($30.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.45 282.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.89 282.10 Td ($57.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.78 282.10 Td (. ) Tj ET Q endstream endobj 235 0 obj <>] /Rotate 0 /Contents 236 0 R>> endobj 236 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 9.00 Tf ET q 0 0 0 rg BT 161.35 762.50 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 193.95 762.50 Td (T) Tj ET Q q 0 0 0 rg BT 199.79 762.50 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 262.88 762.50 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 334.14 762.50 Td ( ST) Tj ET Q q 0 0 0 rg BT 346.73 762.50 Td (A) Tj ET Q q 0 0 0 rg BT 352.56 762.50 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-25) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Note 8 ) Tj ET Q q 0 0 0 rg BT 86.00 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 742.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 155.98 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 161.73 742.25 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 718.25 Td (The provision for income taxes for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.77 718.25 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.16 718.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.16 718.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.16 718.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.10 718.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.10 718.25 Td ( is as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 669.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 669.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 669.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 669.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 669.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 669.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 639.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 639.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 639.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 639.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 639.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 639.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 609.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 609.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 609.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 609.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 609.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 609.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 579.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 579.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 579.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 579.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 579.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 579.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 549.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 549.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 549.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 549.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 549.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 549.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 519.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 519.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 519.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 519.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 519.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 519.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 682.75 m 424.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 682.75 m 493.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 682.75 m 562.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 609.75 m 424.5 609.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 609.75 m 493.5 609.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 609.75 m 562.5 609.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 609.75 m 424.5 609.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 594.75 m 424.5 594.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 609.75 m 493.5 609.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 594.75 m 493.5 594.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 609.75 m 562.5 609.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 594.75 m 562.5 594.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 534.75 m 424.5 534.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 534.75 m 493.5 534.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 534.75 m 562.5 534.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 534.75 m 424.5 534.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 519.75 m 424.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 534.75 m 493.5 534.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 519.75 m 493.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 534.75 m 562.5 534.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 519.75 m 562.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 505.75 m 424.5 505.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 503.75 m 424.5 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 505.75 m 493.5 505.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 503.75 m 493.5 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 505.75 m 562.5 505.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 503.75 m 562.5 503.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.50 686.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 686.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 686.98 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 204.50 674.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.70 673.98 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 659.42 Td (Current:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 644.42 Td ( Federal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.50 644.32 Td (.........................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 644.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.80 644.47 Td (\(1,767) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 644.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 644.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 644.42 Td (3,386) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 644.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 644.47 Td (\(47,695) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 644.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 629.42 Td ( State) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.50 629.32 Td (.............................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 629.42 Td (2,695) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 629.42 Td (3,972) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 629.42 Td (3,891) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 614.42 Td ( Foreign) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.00 614.32 Td (........................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.80 614.47 Td (\(7,088) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 614.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 614.42 Td (12,729) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 614.42 Td (1,335) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.80 599.47 Td (\(6,160) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 599.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 599.42 Td (20,087) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 599.47 Td (\(42,469) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 599.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 584.42 Td (Deferred:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 569.42 Td ( Federal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.50 569.32 Td (.........................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 569.47 Td (\(162,223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 569.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 569.47 Td (\(30,758) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 569.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 569.42 Td (29,348) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 554.42 Td ( State) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.50 554.32 Td (.............................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 554.47 Td (\(15,977) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 554.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 554.42 Td (8,512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 554.47 Td (\(2,799) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 554.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 539.42 Td ( Foreign) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.00 539.32 Td (........................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 539.42 Td (2,285) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 539.47 Td (\(1,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 539.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 539.42 Td (3,755) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 524.47 Td (\(175,915) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 524.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 524.47 Td (\(24,178) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 524.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 524.42 Td (30,304) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 509.42 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 509.32 Td (.................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 509.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 509.47 Td (\(182,075) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 509.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 509.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 509.47 Td (\(4,091) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 509.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 509.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 509.47 Td (\(12,165) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 509.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 481.25 Td (Deferred taxes are comprised of basis dif) Tj ET Q q 0 0 0 rg BT 250.19 481.25 Td (ferences related to investments, accrued liabilities and certain federal and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.25 Td (state tax credits.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 445.25 Td (Domestic income before income taxes was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.83 445.25 Td ($213.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.72 445.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.72 445.25 Td ($490.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.61 445.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.55 445.25 Td ($824.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.44 445.25 Td ( for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.25 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.39 433.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.39 433.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.39 433.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.33 433.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.33 433.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 235.99 433.25 Td (. Foreign income before taxes was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.67 433.25 Td (\($268.7\) million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.22 433.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.22 433.25 Td (\($70.9\) million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.77 433.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.71 433.25 Td (\($56.7\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 421.25 Td ( for the years ended ) Tj ET Q q 0 0 0 rg BT 159.69 421.25 Td (August 31, 2017, 2016, and 2015, respectively) Tj ET Q q 0 0 0 rg BT 345.68 421.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 397.25 Td (Deferred tax assets and liabilities as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.34 397.25 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.73 397.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.67 397.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.67 397.25 Td (, are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 360.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 360.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 360.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 360.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 330.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 330.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 330.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 330.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 300.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 300.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 300.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 300.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 270.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 270.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 270.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 270.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 240.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 240.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 240.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 240.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 210.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 210.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 210.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 210.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 180.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 180.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 180.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 180.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 150.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 150.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 150.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 150.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 120.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 120.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 120.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 120.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 373.75 m 493.5 373.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 373.75 m 562.5 373.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 240.75 m 493.5 240.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 240.75 m 562.5 240.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 225.75 m 493.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 225.75 m 562.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 135.75 m 493.5 135.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 135.75 m 562.5 135.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 120.75 m 493.5 120.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 120.75 m 562.5 120.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 106.75 m 493.5 106.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 104.75 m 493.5 104.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 106.75 m 562.5 106.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 104.75 m 562.5 104.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 377.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 377.98 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 364.32 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.20 364.98 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 350.42 Td (Deferred tax assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 350.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.00 350.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 335.42 Td ( Accrued expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.00 335.32 Td (....................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 335.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 335.42 Td (226,964) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 335.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 335.42 Td (87,251) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 320.42 Td ( Postretirement health care and deferred compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.00 320.32 Td (..........................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 320.42 Td (82,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 320.42 Td (111,983) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 305.42 Td ( Tax credit carryforwards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.50 305.32 Td (.........................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 305.42 Td (166,213) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 305.42 Td (143,252) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 290.42 Td ( Loss carryforwards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.50 290.32 Td (.................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 290.42 Td (169,724) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 290.42 Td (155,966) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 275.42 Td ( Nonqualified equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.00 275.32 Td (................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 275.42 Td (152,835) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 275.42 Td (30,168) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 260.42 Td ( Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.50 260.32 Td (.......................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 260.42 Td (55,119) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 260.42 Td (30,627) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 245.42 Td ( Deferred tax assets valuation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.00 245.32 Td (..................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 245.47 Td (\(284,716) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 245.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.80 245.47 Td (\(194,277) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 245.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 230.42 Td (Total deferred tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.00 230.32 Td (..............................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 230.42 Td (568,821) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 230.42 Td (364,970) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 215.42 Td (Deferred tax liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 215.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.00 215.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 200.42 Td ( Pension) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 200.32 Td (....................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 200.42 Td (31,050) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 200.42 Td (26,516) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 185.42 Td ( Investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.50 185.32 Td (.............................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 185.42 Td (129,985) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 185.42 Td (107,716) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 170.42 Td ( Major maintenance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.50 170.32 Td (.................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 170.42 Td (2,115) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 170.42 Td (4,970) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 155.42 Td ( Property, plant and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.00 155.32 Td (................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 155.42 Td (712,195) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 155.42 Td (681,160) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 140.42 Td ( Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.50 140.32 Td (.......................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 140.42 Td (25,964) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 140.42 Td (29,905) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 125.42 Td (Total deferred tax liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.00 125.32 Td (........................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 125.42 Td (901,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 125.42 Td (850,267) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 110.42 Td (Net deferred tax liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.00 110.32 Td (..........................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 110.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 110.42 Td (332,488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 110.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 110.42 Td (485,297) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 82.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 82.25 Td (e have total gross loss carry forwards of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.81 82.25 Td ($689.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.70 82.25 Td (, of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.47 82.25 Td ($458.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.36 82.25 Td ( will expire over periods ranging ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.25 Td (from fiscal 2018 to fiscal 2039. ) Tj ET Q q 0 0 0 rg BT 177.85 70.25 Td (The remainder will carry forward indefinitely) Tj ET Q q 0 0 0 rg BT 359.62 70.25 Td (. Based on estimates of future taxable profits and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.25 Td (losses in certain foreign tax jurisdictions, we determined that a valuation allowance was required for specific foreign loss carry ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.25 Td (forwards as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.15 46.25 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.54 46.25 Td (. If these estimates prove inaccurate, a change in the valuation allowance, up or down, could be ) Tj ET Q endstream endobj 237 0 obj <>] /Rotate 0 /Contents 238 0 R>> endobj 238 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 9.00 Tf ET q 0 0 0 rg BT 161.35 762.50 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 193.95 762.50 Td (T) Tj ET Q q 0 0 0 rg BT 199.79 762.50 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 262.88 762.50 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 334.14 762.50 Td ( ST) Tj ET Q q 0 0 0 rg BT 346.73 762.50 Td (A) Tj ET Q q 0 0 0 rg BT 352.56 762.50 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (required in the future. During fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.67 742.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.67 742.10 Td (, valuation allowances related to foreign operations increased by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.58 742.10 Td ($61.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.47 742.10 Td ( due to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (net operating loss carry forwards and other timing dif) Tj ET Q q 0 0 0 rg BT 263.65 730.10 Td (ferences. CHS McPherson Refinery Inc. \("CHS McPherson"\) \(formerly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (known as National Cooperative Refinery ) Tj ET Q q 0 0 0 rg BT 215.79 718.10 Td (Association \("NCRA"\)\) gross state tax credit carry forwards for income tax are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.26 706.10 Td ($172.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.15 706.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.59 706.10 Td ($133.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.48 706.10 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.09 706.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.48 706.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.42 706.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.42 706.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 432.08 706.10 Td (. During the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.39 694.10 Td (, the valuation allowance for CHS McPherson increased by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.77 694.10 Td ($26.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.66 694.10 Td (, net of federal tax, due to a change in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (the amount of state tax credits that are estimated to be utilized. ) Tj ET Q q 0 0 0 rg BT 302.79 682.10 Td (The significant increase in state tax credit carry forwards is the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (result of the CHS McPherson expansion project being placed in service during fiscal 2017, resulting in a corresponding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (increase in valuation allowance. CHS McPherson's valuation allowance on Kansas state credits is necessary due to the limited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (amount of Kansas taxable income generated by the combined group on an annual basis. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 622.10 Td (Our alternative minimum tax credit of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.95 622.10 Td ($8.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.84 622.10 Td ( will not expire. Our general business credits of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.02 622.10 Td ($60.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.91 622.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (comprised primarily of low sulfur diesel credits, will begin to expire on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.99 610.10 Td (August31, 2027) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.38 610.10 Td (. Our state tax credits of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.96 610.10 Td ($172.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.86 610.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (will begin to expire on ) Tj ET Q q 0 0 0 rg BT 142.49 598.10 Td (August 31, 2018.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 574.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.89 574.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.28 574.10 Td (, and 2016, net deferred tax assets of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.12 574.10 Td ($0.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.01 574.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.45 574.10 Td ($2.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.34 574.10 Td ( were included in other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (assets, respectively) Tj ET Q q 0 0 0 rg BT 125.99 562.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 538.10 Td (The reconciliation of the statutory federal income tax rates to the ef) Tj ET Q q 0 0 0 rg BT 355.43 538.10 Td (fective tax rates for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.53 538.10 Td (August31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 526.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 526.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 526.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.94 526.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.94 526.10 Td ( is as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 502.60 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 502.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 502.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 502.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 502.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 502.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 472.60 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 472.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 472.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 472.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 472.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 472.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 442.60 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 442.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 442.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 442.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 442.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 442.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 412.60 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 412.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 412.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 412.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 412.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 412.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 382.60 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 382.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 382.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 382.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 382.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 382.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 502.6 m 424.5 502.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 502.6 m 493.5 502.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 502.6 m 562.5 502.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 502.6 m 424.5 502.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 502.6 m 493.5 502.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 502.6 m 562.5 502.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 367.6 m 424.5 367.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 367.6 m 493.5 367.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 367.6 m 562.5 367.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 353.6 m 424.5 353.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 351.6 m 424.5 351.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 353.6 m 493.5 353.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 351.6 m 493.5 351.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 353.6 m 562.5 353.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 351.6 m 562.5 351.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.50 506.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 506.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 506.83 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 492.27 Td (Statutory federal income tax rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.00 492.17 Td (....................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 492.27 Td (35.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 492.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 492.27 Td (35.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 492.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 492.27 Td (35.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 492.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 477.27 Td (State and local income taxes, net of federal income tax benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 477.17 Td (.....................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 477.27 Td (24.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 477.27 Td (0.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.45 477.27 Td (\(0.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 477.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 462.27 Td (Patronage earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.00 462.17 Td (..........................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 462.27 Td (192.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.45 462.27 Td (\(23.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 462.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.45 462.27 Td (\(29.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 462.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 447.27 Td (Domestic production activities deduction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.50 447.17 Td (.......................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 447.27 Td (64.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.45 447.27 Td (\(13.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 447.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.45 447.27 Td (\(5.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 447.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 432.27 Td (Export activities at rates other than the U.S. statutory rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.50 432.17 Td (.............................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 432.27 Td (145.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 432.27 Td (1.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.45 432.27 Td (\(0.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 432.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 417.27 Td (Valuation allowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 417.17 Td (........................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 417.32 Td (\(182.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 417.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 417.27 Td (19.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.45 417.27 Td (\(0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 417.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 402.27 Td (Tax credits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.50 402.17 Td (.......................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 402.27 Td (45.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.45 402.27 Td (\(11.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 402.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.45 402.27 Td (\(0.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 402.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 387.27 Td (Crack spread contingency) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.50 387.17 Td (...............................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 387.27 Td (9.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.45 387.27 Td (\(5.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 387.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.45 387.27 Td (\(1.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 387.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 372.27 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 372.17 Td (................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.80 372.32 Td (\(2.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 372.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.45 372.27 Td (\(4.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 372.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.80 372.27 Td (1.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 357.27 Td (Effective tax rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.50 357.17 Td (.............................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 357.27 Td (331.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 357.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.45 357.27 Td (\(1.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 357.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.45 357.27 Td (\(1.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 357.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 329.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 329.10 Td (The components of the income tax benefit disclosed as a percentage of income before taxes in the reconciliation of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 317.10 Td (statutory federal income tax rate for the year ended ) Tj ET Q q 0 0 0 rg BT 256.29 317.10 Td (August 31, 2017 are magnified because our fiscal 2017 income tax benefit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 305.10 Td (is unusually lar) Tj ET Q q 0 0 0 rg BT 110.92 305.10 Td (ge in comparison to income before taxes. ) Tj ET Q q 0 0 0 rg BT 277.91 305.10 Td (The primary drivers of the fiscal 2017 income tax benefit are the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 293.10 Td (recognition of deferred tax benefits related to the issuance of non-qualified equity certificates in fiscal 2013 and 2014, which is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 281.10 Td (disclosed within Patronage earnings) Tj ET Q q 0 0 0 rg BT 200.05 281.10 Td ( and U.S. and Brazil deductions related to the Brazilian trading partner loss, which are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 269.10 Td (disclosed within Statutory federal income tax rate) Tj ET Q q 0 0 0 rg BT 254.75 269.10 Td ( and Export activities at rates other than the U.S. statutory rate, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 257.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 257.10 Td (, as well as a current tax benefit from retaining a significant portion of the domestic production activities deduction. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 245.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 245.10 Td ( significant income tax expense within the fiscal 2017 income tax benefit is an increase in the valuation allowance against ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 233.10 Td (deferred tax assets generated in the Brazilian trading partner loss and Kansas state tax credits.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 209.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 209.10 Td (e file income tax returns in the U.S.federal jurisdiction, and various state and foreign jurisdictions. Our uncertain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 197.10 Td (tax positions are af) Tj ET Q q 0 0 0 rg BT 125.63 197.10 Td (fected by the tax years that are under audit or remain subject to examination by the relevant taxing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 185.10 Td (authorities. In addition to the current year) Tj ET Q q 0 0 0 rg BT 215.93 185.10 Td (, fiscal 2007 through 2016 remain subject to examination, at least for certain issues.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 161.10 Td ( ) Tj ET Q endstream endobj 239 0 obj <>] /Rotate 0 /Contents 240 0 R>> endobj 240 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 9.00 Tf ET q 0 0 0 rg BT 161.35 762.50 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 193.95 762.50 Td (T) Tj ET Q q 0 0 0 rg BT 199.79 762.50 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 262.88 762.50 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 334.14 762.50 Td ( ST) Tj ET Q q 0 0 0 rg BT 346.73 762.50 Td (A) Tj ET Q q 0 0 0 rg BT 352.56 762.50 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 742.10 Td (e account for our income tax provisions in accordance with ) Tj ET Q q 0 0 0 rg BT 333.45 742.10 Td (ASC ) Tj ET Q q 0 0 0 rg BT 355.22 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 360.63 742.10 Td (opic 740, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 400.35 742.10 Td (Income T) Tj ET Q q 0 0 0 rg BT 436.92 742.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.69 742.10 Td (, which prescribes a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (minimum threshold that a tax provision is required to meet before being recognized in our consolidated financial statements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (This interpretation requires us to recognize in our consolidated financial statements tax positions determined more likely than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (not to be sustained upon examination, based on the technical merits of the position. Reconciliation of the gross beginning and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (ending amounts of unrecognized tax benefits for the periods presented follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 650.60 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 650.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 650.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 650.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 650.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 650.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 620.60 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 620.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 620.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 620.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 620.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 620.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 663.6 m 424.5 663.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 663.6 m 493.5 663.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 663.6 m 562.5 663.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 605.6 m 424.5 605.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 605.6 m 493.5 605.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 605.6 m 562.5 605.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 591.6 m 424.5 591.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 589.6 m 424.5 589.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 591.6 m 493.5 591.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 589.6 m 493.5 589.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 591.6 m 562.5 591.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 589.6 m 562.5 589.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.50 667.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 667.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 667.83 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 204.50 654.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.70 654.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 640.27 Td (Balance at beginning of period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.50 640.17 Td (.......................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 640.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 640.27 Td (37,105) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 640.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 640.27 Td (72,181) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 640.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 640.27 Td (72,181) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 625.27 Td (Additions attributable to current year tax positions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.00 625.17 Td (........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 625.27 Td (725) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 625.27 Td (1,387) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 625.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 610.27 Td (Reductions attributable to prior year tax positions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.50 610.17 Td (.........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 610.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 610.32 Td (\(36,463) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 610.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 610.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 595.27 Td (Balance at end of period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.00 595.17 Td (..................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 595.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 595.27 Td (37,830) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 595.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 595.27 Td (37,105) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 595.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 595.27 Td (72,181) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 567.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 567.10 Td (During fiscal 2017, we increased our unrecognized tax benefits for excise tax credits related to the blending and sale ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 555.10 Td (of renewable fuels deducted for income taxes. During fiscal 2016, we decreased our unrecognized tax benefits due to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 543.10 Td (settlement with the Internal Revenue Service and increased our unrecognized tax benefits for excise tax credits related to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 531.10 Td (blending and sale of renewable fuels deducted for income taxes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 507.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 507.10 Td (If we were to prevail on all tax positions taken relating to uncertain tax positions, all the unrecognized tax benefits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 495.10 Td (would benefit the ef) Tj ET Q q 0 0 0 rg BT 130.07 495.10 Td (fective tax rate. ) Tj ET Q q 0 0 0 rg BT 194.29 495.10 Td (W) Tj ET Q q 0 0 0 rg BT 202.93 495.10 Td (e do not believe it is reasonably possible that the total amount of unrecognized tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 483.10 Td (benefits will significantly increase or decrease within the next 12 months.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 459.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 459.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 459.10 Td (e recognize interest and penalties related to unrecognized tax benefits in our provision for income taxes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.09 459.10 Td (No) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.32 459.10 Td ( amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 447.10 Td (were recognized in our Consolidated Statements of Operations for interest related to unrecognized tax benefits for the years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 435.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.83 435.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.22 435.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.22 435.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.22 435.10 Td (, and 2015. ) Tj ET Q q 0 0 0 rg BT 213.97 435.10 Td (W) Tj ET Q q 0 0 0 rg BT 222.61 435.10 Td (e recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.03 435.10 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.03 435.10 Td ( interest payable related to unrecognized tax benefits on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 423.10 Td (Consolidated Balance Sheets as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.69 423.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.08 423.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.02 423.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.02 423.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 387.10 Td (Note 9 ) Tj ET Q q 0 0 0 rg BT 86.00 387.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 387.10 Td (Equities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 363.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 363.10 Td (In accordance with our bylaws and by action of the Board of Directors, annual net earnings from patronage sources are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 351.10 Td (distributed to consenting patrons following the close of each fiscal year) Tj ET Q q 0 0 0 rg BT 335.07 351.10 Td (, and are based on amounts using financial statement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 339.10 Td (earnings. ) Tj ET Q q 0 0 0 rg BT 88.70 339.10 Td (The cash portion of the qualified patronage distribution, if any) Tj ET Q q 0 0 0 rg BT 337.42 339.10 Td (, is determined annually by the Board of Directors, with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 327.10 Td (the balance issued in the form of qualified and/or non-qualified capital equity certificates. ) Tj ET Q q 0 0 0 rg BT 410.80 327.10 Td (T) Tj ET Q q 0 0 0 rg BT 416.21 327.10 Td (otal non-qualified patronage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 315.10 Td (distributions refunds for fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.31 315.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.31 315.10 Td ( are estimated to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.55 315.10 Td ($126.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.45 315.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.45 315.10 Td (No) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.67 315.10 Td ( portion of annual net earnings for fiscal 2017 will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 303.10 Td (be issued in the form of cash or qualified capital equity certificates. ) Tj ET Q q 0 0 0 rg BT 321.67 303.10 Td (The actual patronage distributions and cash portion for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 291.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.16 291.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.16 291.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.16 291.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.16 291.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.09 291.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.09 291.10 Td ( were $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.52 291.10 Td (257.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.41 291.10 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.24 291.10 Td ($103.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.14 291.10 Td ( in cash\), $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.01 291.10 Td (627.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.90 291.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.73 291.10 Td ($251.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.63 291.10 Td (in cash\), and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.44 291.10 Td ($821.5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 279.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 279.10 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.72 279.10 Td ($271.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.61 279.10 Td ( in cash\), respectively) Tj ET Q q 0 0 0 rg BT 230.15 279.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 255.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 255.10 Td (Annual net savings from patronage or other sources may be added to the unallocated capital reserve or) Tj ET Q q 0 0 0 rg BT 495.45 255.10 Td (, upon action by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 243.10 Td (the Board of Directors, may be allocated to members in the form of nonpatronage equity certificates. ) Tj ET Q q 0 0 0 rg BT 455.23 243.10 Td (The Board of Directors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 231.10 Td (authorized, in accordance with our bylaws, that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.88 231.10 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.21 231.10 Td ( of the earnings from patronage business for fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.20 231.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.20 231.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.20 231.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.20 231.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.14 231.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.14 231.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 219.10 Td (be added to our capital reserves.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 195.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 195.10 Td (Redemptions of outstanding equity are at the discretion of the Board of Directors. Redemptions of capital equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 183.10 Td (certificates approved by the Board of Directors are divided into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.02 183.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.02 183.10 Td ( pools, one for non-individuals \(primarily member ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 171.10 Td (cooperatives\) who may participate in an annual redemption program for qualified equities held by them and another for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 159.10 Td (individual members who are eligible for equity redemptions at age) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.81 159.10 Td (70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.81 159.10 Td ( or upon death. Beginning with fiscal 2017 patronage \(for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 147.10 Td (which distributions will be made in fiscal 2018\), individuals will also be able to participate in an annual redemption program ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 135.10 Td (similar to the one that was previously only available to non-individual members. In accordance with authorization from the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 123.10 Td (Board of Directors, we expect total redemptions related to the year ended ) Tj ET Q q 0 0 0 rg BT 345.17 123.10 Td (August31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.56 123.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.56 123.10 Td (, that will be distributed in fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 111.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 111.10 Td (, to be approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.48 111.10 Td ($10.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.37 111.10 Td ( and are classified as a current liability on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.75 111.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.14 111.10 Td ( Consolidated Balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 99.10 Td (Sheet. During the years ended ) Tj ET Q q 0 0 0 rg BT 172.19 99.10 Td (August31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.58 99.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.58 99.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.58 99.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.58 99.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.52 99.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.52 99.10 Td (, we redeemed in cash, outstanding owners' equities in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 87.10 Td (accordance with authorization from the Board of Directors, in the amounts of $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.84 87.10 Td (35.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.73 87.10 Td (, $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.73 87.10 Td (23.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.62 87.10 Td ( and $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.06 87.10 Td (128.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.95 87.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 75.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 75.10 Td (. ) Tj ET Q endstream endobj 241 0 obj <>] /Rotate 0 /Contents 242 0 R>> endobj 242 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 9.00 Tf ET q 0 0 0 rg BT 161.35 762.50 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 193.95 762.50 Td (T) Tj ET Q q 0 0 0 rg BT 199.79 762.50 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 262.88 762.50 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 334.14 762.50 Td ( ST) Tj ET Q q 0 0 0 rg BT 346.73 762.50 Td (A) Tj ET Q q 0 0 0 rg BT 352.56 762.50 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 742.10 Td (In March 2017, we redeemed approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.21 742.10 Td ($20.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.10 742.10 Td ( of patrons' equities by issuing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.12 742.10 Td (695,390) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.62 742.10 Td ( shares of Class B ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Cumulative Redeemable Preferred Stock, Series 1 \("Class B Series 1 Preferred Stock"\), with a total redemption value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.59 730.10 Td ($17.4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 718.10 Td (, excluding accumulated dividends. Each share of Class B Series 1 Preferred Stock was issued in redemption of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.11 718.10 Td ($28.74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.61 718.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (of patrons' equities in the form of capital equity certificates. ) Tj ET Q q 0 0 0 rg BT 290.89 706.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 340.79 706.10 Td (, in fiscal 2016, we redeemed approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.01 706.10 Td ($76.8 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 694.10 Td ( of patrons' equities by issuing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.91 694.10 Td (2,693,195) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.91 694.10 Td ( shares of Class B Series 1 Preferred Stock with a total redemption value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td ($67.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.89 682.10 Td (, excluding accumulated dividends. Each share of Class B Series 1 Preferred Stock was issued in redemption of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td ($28.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 670.10 Td ( of patrons' equities in the form of capital equity certificates.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (Preferred Stock ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 622.10 Td (The following is a summary of our outstanding preferred stock as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.94 622.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.33 622.10 Td (, all shares of which are listed on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (the Global Select Market of NASDAQ:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 555.60 108.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 157.50 555.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 161.50 555.60 45.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 555.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 555.60 47.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 555.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.50 555.60 54.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 555.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 555.60 50.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 555.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 555.60 43.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 555.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 555.60 38.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 555.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 555.60 46.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 555.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 555.60 49.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 505.60 108.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 157.50 505.60 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 161.50 505.60 45.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 505.60 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 505.60 47.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 505.60 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.50 505.60 54.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 505.60 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 505.60 50.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 505.60 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 505.60 43.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 505.60 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 505.60 38.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 505.60 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 505.60 46.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 505.60 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 505.60 49.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 435.60 108.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 157.50 435.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 161.50 435.60 45.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 435.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.50 435.60 47.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 435.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.50 435.60 54.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.50 435.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 435.60 50.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 435.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 435.60 43.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 435.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 435.60 38.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 435.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 435.60 46.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 435.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 435.60 49.00 -25.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 157.5 570.6 m 161.5 570.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 161.5 570.6 m 206.5 570.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 570.6 m 257.5 570.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 570.6 m 315.5 570.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 570.6 m 369.5 570.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 570.6 m 416.5 570.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 570.6 m 458.5 570.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 570.6 m 508.5 570.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 570.6 m 561.5 570.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 166.60 582.83 Td (NASDAQ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 171.25 574.83 Td (symbol) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 218.80 582.83 Td (Issuance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 226.15 574.83 Td (date) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 276.50 582.83 Td (Shares) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 267.75 574.83 Td (outstanding) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 323.10 582.83 Td (Redemption) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 334.85 574.83 Td (value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.50 590.83 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 379.45 582.83 Td (proceeds) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 389.80 574.83 Td (\(a\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.40 590.83 Td (Dividend ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.10 582.83 Td (rate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.65 574.83 Td ( \(b\) \(c\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.40 590.83 Td (Dividend) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.10 582.83 Td (payment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.95 574.83 Td (frequency) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.60 590.83 Td (Redeemable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.60 582.83 Td (beginning) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 531.60 574.83 Td (\(d\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.45 559.83 Td (\(Dollars in millions\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 544.06 Td (8% Cumulative) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 535.06 Td (Redeemable) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 97.75 534.86 Td (.........................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 169.40 535.06 Td (CHSCP) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 244.00 535.06 Td (\(e\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.60 535.27 Td (12,272,003) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 322.00 535.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.75 535.06 Td (306.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 535.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.75 535.06 Td (311.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.75 535.06 Td (8.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.50 535.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 467.75 535.06 Td (Quarterly) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.45 535.06 Td (7/18/2023) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 519.06 Td (Class B Cumulative) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 510.06 Td (Redeemable, Series 1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 131.50 509.86 Td (..........) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 168.45 510.06 Td (CHSCO) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 245.00 510.06 Td (\(f\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.60 510.27 Td (21,459,066) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 322.00 510.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.75 510.06 Td (536.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 510.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.75 510.06 Td (569.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.25 510.06 Td (7.875) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.50 510.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 467.75 510.06 Td (Quarterly) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.45 510.06 Td (9/26/2023) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 493.06 Td (Class B Reset Rate) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 484.06 Td (Cumulative Redeemable,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 475.06 Td (Series 2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 82.00 474.86 Td (................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 168.45 475.06 Td (CHSCN) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 217.80 475.06 Td (3/1) Tj ET Q q 0 0 0 rg BT 228.97 475.06 Td (1/2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.60 475.27 Td (16,800,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 322.00 475.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.75 475.06 Td (420.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 475.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.75 475.06 Td (406.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.75 475.06 Td (7.10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.50 475.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 467.75 475.06 Td (Quarterly) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.45 475.06 Td (3/31/2024) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 458.06 Td (Class B Reset Rate) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 449.06 Td (Cumulative Redeemable,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 440.06 Td (Series 3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 82.00 439.86 Td (................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 167.70 440.06 Td (CHSCM) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 217.45 440.06 Td (9/15/2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.60 440.27 Td (19,700,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 322.00 440.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.75 440.06 Td (492.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 440.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.75 440.06 Td (476.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.75 440.06 Td (6.75) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.50 440.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 467.75 440.06 Td (Quarterly) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.45 440.06 Td (9/30/2024) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 424.06 Td (Class B Cumulative) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 415.06 Td (Redeemable, Series 4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 131.50 414.86 Td (..........) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 169.15 415.06 Td (CHSCL) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 217.45 415.06 Td (1/21/2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.60 415.27 Td (20,700,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 322.00 415.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.75 415.06 Td (517.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 415.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.75 415.06 Td (501.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.75 415.06 Td (7.50) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.50 415.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 467.75 415.06 Td (Quarterly) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.45 415.06 Td (1/21/2025) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 68.00 401.38 Td (\(a\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 397.30 Td (Includes patrons' equities redeemed with preferred stock.) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 68.00 384.58 Td (\(b\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 380.50 Td (The Class B Reset Rate Cumulative Redeemable Preferred Stock, Series 2 accumulates dividends at a rate of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.38 380.50 Td (7.10%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.63 380.50 Td ( per year until ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 369.70 Td (March 31, 2024, and then at a rate equal to the three-month LIBOR plus ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 348.43 369.70 Td (4.298%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.18 369.70 Td (, not to exceed ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.90 369.70 Td (8.00%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 454.15 369.70 Td ( per annum, subsequent to ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 358.90 Td (March 31, 2024.) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 68.00 346.18 Td (\(c\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 342.10 Td (The Class B Reset Rate Cumulative Redeemable Preferred Stock, Series 3 accumulates dividends at a rate of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.38 342.10 Td (6.75%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.63 342.10 Td ( per year until ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 331.30 Td (September 30, 2024, and then at a rate equal to the three-month LIBOR plus ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.43 331.30 Td (4.155%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.17 331.30 Td (, not to exceed ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.90 331.30 Td (8.00%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.15 331.30 Td ( per annum, subsequent ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 320.50 Td (to September 30, 2024.) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 68.00 307.78 Td (\(d\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 303.70 Td (Preferred stock is redeemable for cash at our option, in whole or in part, at a per share price equal to the per share liquidation ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 292.90 Td (preference of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 135.96 292.90 Td ($25.00) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 160.71 292.90 Td ( per share, plus all dividends accumulated and unpaid on that share to and including the date of redemption, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 282.10 Td (beginning on the dates set forth in this column.) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 68.00 269.38 Td (\(e\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 265.30 Td (The 8% Cumulative Redeemable Preferred Stock was issued at various times from 2003 through 2010.) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 68.00 252.58 Td (\(f\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 248.50 Td (Shares of Class B Cumulative Redeemable Preferred Stock, Series 1 were issued on September 26, 2013, ) Tj ET Q q 0 0 0 rg BT 466.67 248.50 Td (August 25, 2014, March ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 86.00 237.70 Td (31, 2016 and March 30, 2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 219.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 207.70 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 207.70 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 207.70 Td (e made dividend payments on our preferred stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.96 207.70 Td ($167.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.85 207.70 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.85 207.70 Td ($163.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.74 207.70 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.68 207.70 Td ($133.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.57 207.70 Td (, during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 195.70 Td (years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.42 195.70 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.82 195.70 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.82 195.70 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.82 195.70 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.25 195.70 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.25 195.70 Td (, respectively) Tj ET Q q 0 0 0 rg BT 282.92 195.70 Td (. ) Tj ET Q q 0 0 0 rg BT 287.36 195.70 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.25 195.70 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.65 195.70 Td (, we have no authorized but unissued shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 183.70 Td (of preferred stock.) Tj ET Q endstream endobj 243 0 obj <>] /Rotate 0 /Contents 244 0 R>> endobj 244 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 9.00 Tf ET q 0 0 0 rg BT 161.35 762.50 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 193.95 762.50 Td (T) Tj ET Q q 0 0 0 rg BT 199.79 762.50 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 262.88 762.50 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 334.14 762.50 Td ( ST) Tj ET Q q 0 0 0 rg BT 346.73 762.50 Td (A) Tj ET Q q 0 0 0 rg BT 352.56 762.50 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-29) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Accumulated Other Comprehensive Loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 718.25 Td (Changes in accumulated other comprehensive income \(loss\) by component, for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.21 718.25 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.60 718.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 706.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.94 706.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.94 706.25 Td ( are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 632.75 209.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 632.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 632.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 632.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 632.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 632.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 632.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 632.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 632.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 632.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 602.75 209.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 602.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 602.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 602.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 602.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 602.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 602.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 602.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 602.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 602.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 572.75 209.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 572.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 572.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 572.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 572.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 572.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 572.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 572.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 572.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 572.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 542.75 209.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 542.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 542.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 542.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 542.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 542.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 542.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 542.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 542.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 542.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 512.75 209.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 512.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 512.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 512.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 512.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 512.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 512.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 512.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 512.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 512.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 482.75 209.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 482.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 482.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 482.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 482.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 482.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 482.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 482.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 482.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 482.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 452.75 209.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 452.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 452.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 452.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 452.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 452.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 452.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 452.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 452.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 452.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 422.75 209.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 422.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 422.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 422.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 422.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 422.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 422.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 422.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 422.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 422.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 392.75 209.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 392.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 392.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 392.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 392.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 392.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 392.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 392.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 392.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 392.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 362.75 209.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 362.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 362.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 362.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 362.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 362.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 362.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 362.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 362.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 362.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 332.75 209.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 332.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 332.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 332.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 332.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 332.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 332.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 332.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 332.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 332.75 55.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 645.75 m 316.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 645.75 m 380.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 645.75 m 439.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 645.75 m 500.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 645.75 m 561.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 572.75 m 316.5 572.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 572.75 m 380.5 572.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 572.75 m 439.5 572.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 572.75 m 500.5 572.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 572.75 m 561.5 572.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 542.75 m 316.5 542.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 542.75 m 380.5 542.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 542.75 m 439.5 542.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 542.75 m 500.5 542.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 542.75 m 561.5 542.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 527.75 m 316.5 527.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 527.75 m 380.5 527.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 527.75 m 439.5 527.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 527.75 m 500.5 527.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 527.75 m 561.5 527.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 527.75 m 316.5 527.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 512.75 m 316.5 512.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 527.75 m 380.5 527.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 512.75 m 380.5 512.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 527.75 m 439.5 527.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 512.75 m 439.5 512.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 527.75 m 500.5 527.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 512.75 m 500.5 512.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 527.75 m 561.5 527.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 512.75 m 561.5 512.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 467.75 m 316.5 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 467.75 m 380.5 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 467.75 m 439.5 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 467.75 m 500.5 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 467.75 m 561.5 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 437.75 m 316.5 437.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 437.75 m 380.5 437.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 437.75 m 439.5 437.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 437.75 m 500.5 437.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 437.75 m 561.5 437.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 422.75 m 316.5 422.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 422.75 m 380.5 422.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 422.75 m 439.5 422.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 422.75 m 500.5 422.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 422.75 m 561.5 422.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 422.75 m 316.5 422.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 407.75 m 316.5 407.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 422.75 m 380.5 422.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 407.75 m 380.5 407.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 422.75 m 439.5 422.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 407.75 m 439.5 407.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 422.75 m 500.5 422.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 407.75 m 500.5 407.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 422.75 m 561.5 422.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 407.75 m 561.5 407.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 362.75 m 316.5 362.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 362.75 m 380.5 362.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 362.75 m 439.5 362.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 362.75 m 500.5 362.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 362.75 m 561.5 362.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 332.75 m 316.5 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 332.75 m 380.5 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 332.75 m 439.5 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 332.75 m 500.5 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 332.75 m 561.5 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 317.75 m 316.5 317.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 303.75 m 316.5 303.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 301.75 m 316.5 301.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 317.75 m 380.5 317.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 303.75 m 380.5 303.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 301.75 m 380.5 301.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 317.75 m 439.5 317.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 303.75 m 439.5 303.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 301.75 m 439.5 301.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 317.75 m 500.5 317.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 303.75 m 500.5 303.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 301.75 m 500.5 301.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 317.75 m 561.5 317.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 303.75 m 561.5 303.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 301.75 m 561.5 301.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 266.20 673.98 Td (Pension and) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 276.85 665.98 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 261.60 657.98 Td (Postretirement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 273.20 649.98 Td (Benefits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 325.40 681.98 Td (Unrealized Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 325.85 673.98 Td (Gain \(Loss\) on) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 329.00 665.98 Td (Available for) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 343.85 657.98 Td (Sale) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 330.30 649.98 Td (Investments) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.35 657.98 Td (Cash Flow) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.05 649.98 Td (Hedges) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.20 673.98 Td (Foreign) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.10 665.98 Td (Currency) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.75 657.98 Td (Translation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.25 649.98 Td (Adjustment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.75 649.98 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.70 636.98 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 622.21 Td (Balance as of August 31, 2014, net of tax) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 201.00 622.01 Td (........................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.00 622.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.80 622.47 Td (\(151,852) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.65 622.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.00 622.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 622.42 Td (4,398) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.00 622.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.80 622.47 Td (\(2,722) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 622.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.00 622.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.80 622.47 Td (\(6,581) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 622.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 622.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 622.47 Td (\(156,757) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 622.42 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 607.21 Td (Other comprehensive income \(loss\), before tax:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 65.50 592.21 Td (Amounts before reclassifications) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 185.25 592.01 Td (...............................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.80 592.47 Td (\(54,284) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.65 592.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.30 592.47 Td (\(396) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 592.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.80 592.47 Td (\(5,001) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 592.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.80 592.47 Td (\(30,672) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 592.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 592.47 Td (\(90,353) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 592.42 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 65.50 577.21 Td (Amounts reclassified out) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 156.00 577.01 Td (............................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.15 577.42 Td (21,681) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 577.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 577.42 Td (792) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 577.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 577.42 Td (22,473) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 562.21 Td (Total other comprehensive income \(loss\), before tax) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 241.50 562.01 Td (......) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.80 562.47 Td (\(32,603) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.65 562.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.30 562.47 Td (\(396) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 562.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.80 562.47 Td (\(4,209) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 562.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.80 562.47 Td (\(30,672) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 562.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 562.47 Td (\(67,880) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 562.42 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 65.50 547.21 Td (Tax effect) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 102.00 547.01 Td (....................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.15 547.42 Td (12,726) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 547.42 Td (154) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 547.42 Td (1,607) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.80 547.47 Td (\(4,057) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 547.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 547.42 Td (10,430) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 532.21 Td (Other comprehensive income \(loss\), net of tax) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 219.00 532.01 Td (................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.80 532.47 Td (\(19,877) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.65 532.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.30 532.47 Td (\(242) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 532.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.80 532.47 Td (\(2,602) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 532.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.80 532.47 Td (\(34,729) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 532.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 532.47 Td (\(57,450) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 532.42 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 517.21 Td (Balance as of August 31, 2015, net of tax) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 201.00 517.01 Td (........................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.80 517.47 Td (\(171,729) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.65 517.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 517.42 Td (4,156) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.80 517.47 Td (\(5,324) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 517.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.80 517.47 Td (\(41,310) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 517.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 517.47 Td (\(214,207) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 517.42 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 502.21 Td (Other comprehensive income \(loss\), before tax:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 65.50 487.21 Td (Amounts before reclassifications) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 185.25 487.01 Td (...............................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.80 487.47 Td (\(10,512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.65 487.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 487.42 Td (2,447) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.80 487.47 Td (\(11,353) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 487.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.80 487.47 Td (\(1,036) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 487.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 487.47 Td (\(20,454) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 487.42 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 65.50 472.21 Td (Amounts reclassified out) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 156.00 472.01 Td (............................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.15 472.42 Td (20,998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 472.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 472.42 Td (5,071) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 472.42 Td (469) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 472.42 Td (26,538) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 457.21 Td (Total other comprehensive income \(loss\), before tax) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 241.50 457.01 Td (......) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.15 457.42 Td (10,486) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 457.42 Td (2,447) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.80 457.47 Td (\(6,282) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 457.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.30 457.47 Td (\(567) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 457.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 457.42 Td (6,084) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 65.50 442.21 Td (Tax effect) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 102.00 442.01 Td (....................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.80 442.47 Td (\(3,903) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.65 442.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.30 442.47 Td (\(947) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 442.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 442.42 Td (2,410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.80 442.47 Td (\(1,163) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 442.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 442.47 Td (\(3,603) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 442.42 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 427.21 Td (Other comprehensive income \(loss\), net of tax) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 219.00 427.01 Td (................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.15 427.42 Td (6,583) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 427.42 Td (1,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.80 427.47 Td (\(3,872) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 427.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.80 427.47 Td (\(1,730) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 427.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 427.42 Td (2,481) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 412.21 Td (Balance as of August 31, 2016, net of tax) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 201.00 412.01 Td (........................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.80 412.47 Td (\(165,146) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.65 412.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 412.42 Td (5,656) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.80 412.47 Td (\(9,196) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 412.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.80 412.47 Td (\(43,040) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 412.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 412.47 Td (\(211,726) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 412.42 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 397.21 Td (Other comprehensive income \(loss\), before tax:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 65.50 382.21 Td (Amounts before reclassifications) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 185.25 382.01 Td (...............................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.15 382.42 Td (25,216) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 382.42 Td (7,117) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 382.42 Td (1,892) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.80 382.47 Td (\(8,472) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 382.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 382.42 Td (25,753) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 65.50 367.21 Td (Amounts reclassified out) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 156.00 367.01 Td (............................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.15 367.42 Td (23,572) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 367.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 367.42 Td (1,742) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 367.42 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 367.42 Td (25,329) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 352.21 Td (Total other comprehensive income \(loss\), before tax) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 241.50 352.01 Td (......) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.15 352.42 Td (48,788) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 352.42 Td (7,117) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 352.42 Td (3,634) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.80 352.47 Td (\(8,457) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 352.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 352.42 Td (51,082) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 65.50 337.21 Td (Tax effect) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 102.00 337.01 Td (....................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.80 337.47 Td (\(18,688) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.65 337.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.80 337.47 Td (\(2,732) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 337.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.80 337.47 Td (\(1,392) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 337.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.30 337.47 Td (\(214) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 337.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 337.47 Td (\(23,026) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 337.42 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 322.21 Td (Other comprehensive income \(loss\), net of tax) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 219.00 322.01 Td (................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.15 322.42 Td (30,100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 322.42 Td (4,385) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 322.42 Td (2,242) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.80 322.47 Td (\(8,671) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 322.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 322.42 Td (28,056) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 307.21 Td (Balance as of August 31, 2017, net of tax) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 201.00 307.01 Td (........................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.00 307.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.80 307.47 Td (\(135,046) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.65 307.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.00 307.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 307.42 Td (10,041) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.00 307.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.80 307.47 Td (\(6,954) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 307.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.00 307.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.80 307.47 Td (\(51,711) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 307.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 307.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 307.47 Td (\(183,670) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 307.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 274.25 Td (Amounts reclassified from accumulated other comprehensive income \(loss\) were related to pension and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (postretirement benefits, cash flow hedges and foreign currency translation adjustments, and were recorded to net income. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (Pension and other postretirement reclassifications include amortization of net actuarial loss, prior service credit and transition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (amounts and are recorded as marketing, general and administrative expenses \(see Note 10, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 414.58 238.25 Td (Benefit Plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.18 238.25 Td ( for further ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (information\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 202.25 Td (During fiscal 2016, interest rate swaps accounted for as cash flow hedges, were terminated as the issuance of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (underlying debt was no longer probable. ) Tj ET Q q 0 0 0 rg BT 213.57 190.25 Td (As a result, a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.28 190.25 Td ($3.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.17 190.25 Td ( loss was reclassified from accumulated other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (comprehensive loss into net income. ) Tj ET Q q 0 0 0 rg BT 198.12 178.25 Td (This pre-tax loss is included as a component of interest expense in our Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (Statement of Operations for the year ended ) Tj ET Q q 0 0 0 rg BT 224.11 166.25 Td (August31, 2016.) Tj ET Q endstream endobj 245 0 obj <>] /Rotate 0 /Contents 246 0 R>> endobj 246 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 9.00 Tf ET q 0 0 0 rg BT 161.35 762.50 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 193.95 762.50 Td (T) Tj ET Q q 0 0 0 rg BT 199.79 762.50 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 262.88 762.50 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 334.14 762.50 Td ( ST) Tj ET Q q 0 0 0 rg BT 346.73 762.50 Td (A) Tj ET Q q 0 0 0 rg BT 352.56 762.50 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-30) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Note10 ) Tj ET Q q 0 0 0 rg BT 86.00 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 742.25 Td (Benefit Plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 718.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 718.25 Td (e have various pension and other defined benefit and defined contribution plans, in which substantially all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (employees may participate. ) Tj ET Q q 0 0 0 rg BT 162.00 706.25 Td (W) Tj ET Q q 0 0 0 rg BT 170.63 706.25 Td (e also have non-qualified supplemental executive and Board retirement plans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 682.25 Td (Financial information on changes in benefit obligation, plan assets funded and balance sheets status as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.84 682.25 Td (August31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 670.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.94 670.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.94 670.25 Td (, is as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 614.75 170.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.50 614.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 614.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 614.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 614.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 614.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 614.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 614.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 614.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 614.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 614.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 614.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 574.75 170.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.50 574.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 574.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 574.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 574.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 574.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 574.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 574.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 574.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 574.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 574.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 574.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 544.75 170.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.50 544.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 544.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 544.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 544.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 544.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 544.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 544.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 544.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 544.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 544.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 544.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 514.75 170.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.50 514.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 514.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 514.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 514.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 514.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 514.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 514.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 514.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 514.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 514.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 514.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 484.75 170.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.50 484.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 484.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 484.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 484.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 484.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 484.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 484.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 484.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 484.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 484.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 484.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 454.75 170.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.50 454.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 454.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 454.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 454.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 454.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 454.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 454.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 454.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 454.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 454.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 454.75 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638.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220.5 638.75 m 272.5 638.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220.5 623.75 m 272.5 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 638.75 m 330.5 638.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 623.75 m 330.5 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 638.75 m 388.5 638.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 623.75 m 388.5 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 638.75 m 446.5 638.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 623.75 m 446.5 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 638.75 m 504.5 638.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 623.75 m 504.5 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 638.75 m 562.5 638.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 623.75 m 562.5 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220.5 469.75 m 272.5 469.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 469.75 m 330.5 469.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 469.75 m 388.5 469.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 469.75 m 446.5 469.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 469.75 m 504.5 469.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 469.75 m 562.5 469.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220.5 455.75 m 272.5 455.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220.5 453.75 m 272.5 453.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 455.75 m 330.5 455.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 453.75 m 330.5 453.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 455.75 m 388.5 455.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 453.75 m 388.5 453.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 455.75 m 446.5 455.75 l s 0 0 0 RG /GS0 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272.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 330.75 m 330.5 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 328.75 m 330.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 330.75 m 388.5 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 328.75 m 388.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 330.75 m 446.5 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 328.75 m 446.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 330.75 m 504.5 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 328.75 m 504.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 330.75 m 562.5 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 328.75 m 562.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220.5 311.75 m 272.5 311.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220.5 309.75 m 272.5 309.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 311.75 m 330.5 311.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 309.75 m 330.5 309.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 311.75 m 388.5 311.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 309.75 m 388.5 309.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 311.75 m 446.5 311.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 309.75 m 446.5 309.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 311.75 m 504.5 311.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 309.75 m 504.5 309.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 311.75 m 562.5 311.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 309.75 m 562.5 309.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220.5 235.75 m 272.5 235.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 235.75 m 330.5 235.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 235.75 m 388.5 235.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 235.75 m 446.5 235.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 235.75 m 504.5 235.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 235.75 m 562.5 235.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220.5 221.75 m 272.5 221.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220.5 219.75 m 272.5 219.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 221.75 m 330.5 221.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 219.75 m 330.5 219.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 221.75 m 388.5 221.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 219.75 m 388.5 219.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 221.75 m 446.5 221.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 219.75 m 446.5 219.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 221.75 m 504.5 221.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 219.75 m 504.5 219.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 221.75 m 562.5 221.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 219.75 m 562.5 219.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220.5 165.75 m 272.5 165.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 165.75 m 330.5 165.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 165.75 m 388.5 165.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 165.75 m 446.5 165.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 165.75 m 504.5 165.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 165.75 m 562.5 165.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220.5 151.75 m 272.5 151.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220.5 149.75 m 272.5 149.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 151.75 m 330.5 151.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 149.75 m 330.5 149.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 151.75 m 388.5 151.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 149.75 m 388.5 149.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 151.75 m 446.5 151.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 149.75 m 446.5 149.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 151.75 m 504.5 151.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 149.75 m 504.5 149.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 151.75 m 562.5 151.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 149.75 m 562.5 149.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 258.95 650.98 Td (Qualified) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 246.85 642.98 Td (Pension Benefits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.55 650.98 Td (Non-Qualified) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.85 642.98 Td (Pension Benefits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.05 642.98 Td (Other Benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 628.42 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 238.00 627.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 295.00 627.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.00 627.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.00 627.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.00 627.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.00 627.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.20 615.88 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 604.42 Td (Change in benefit obligation:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.00 604.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.00 604.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.00 604.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.00 604.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.00 604.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.00 604.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 589.42 Td ( Benefit obligation at beginning of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.00 579.42 Td (period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.50 579.32 Td (...........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.00 579.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.10 579.42 Td (812,749) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.00 579.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.15 579.42 Td (730,795) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 579.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 579.42 Td (32,696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.00 579.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 579.42 Td (33,184) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 579.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 579.42 Td (36,779) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 579.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 579.42 Td (41,997) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 564.42 Td ( Service cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.50 564.32 Td (.......................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.15 564.42 Td (42,149) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.15 564.42 Td (37,533) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 564.42 Td (1,206) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 564.42 Td (1,035) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 564.42 Td (1,160) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 564.42 Td (1,412) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 549.42 Td ( Interest cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.50 549.32 Td (.......................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.15 549.42 Td (22,999) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.15 549.42 Td (30,773) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 549.42 Td (843) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 549.42 Td (1,406) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 549.42 Td (930) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 549.42 Td (1,709) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 534.42 Td ( Actuarial \(gain\) loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.00 534.32 Td (..........................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.80 534.42 Td (\(10,054) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.65 534.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 534.42 Td (361) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.80 534.47 Td (\(5,692) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 534.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.80 534.47 Td (\(3,333) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 534.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 534.47 Td (\(4,650) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 534.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 534.47 Td (\(4,892) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 534.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 519.42 Td ( Assumption change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.50 519.32 Td (...........................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.80 519.42 Td (\(17,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.65 519.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.15 519.42 Td (57,385) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.30 519.47 Td (\(655) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 519.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 519.42 Td (2,679) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.30 519.47 Td (\(775) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 519.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 519.42 Td (2,602) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 504.42 Td ( Plan amendments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.00 504.32 Td (..............................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.65 504.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 504.42 Td (411) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 504.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.80 504.47 Td (\(1,045) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 504.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 504.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 504.47 Td (\(4,495) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 504.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 489.42 Td ( Settlements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 489.32 Td (........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.65 489.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.65 489.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.80 489.47 Td (\(2,131) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 489.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.65 489.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 489.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 489.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 474.42 Td ( Benefits paid) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.50 474.32 Td (.....................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.80 474.42 Td (\(43,919) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.65 474.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.80 474.47 Td (\(44,509) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.65 474.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.30 474.47 Td (\(668) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 474.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.80 474.47 Td (\(1,230) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 474.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 474.47 Td (\(1,608) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 474.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 474.47 Td (\(1,554) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 474.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 459.42 Td (Benefit obligation at end of period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.00 459.32 Td (..........) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.00 459.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.10 459.42 Td (806,174) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.00 459.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.15 459.42 Td (812,749) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 459.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 459.42 Td (25,599) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.00 459.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 459.42 Td (32,696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 459.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 459.42 Td (31,836) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 459.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 459.42 Td (36,779) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 444.42 Td (Change in plan assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.00 444.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.00 444.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.00 444.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.00 444.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.00 444.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.00 444.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 429.42 Td ( Fair value of plan assets at) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.00 419.42 Td (beginning of period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.00 419.32 Td (......................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.00 419.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.10 419.42 Td (883,265) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.00 419.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.15 419.42 Td (796,379) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 419.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 419.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.00 419.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.65 419.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 419.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 419.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 419.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 419.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 404.42 Td ( Actual gain \(loss\) on plan assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.50 404.32 Td (.......) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.15 404.42 Td (36,474) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.15 404.42 Td (88,089) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 404.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.65 404.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 404.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 404.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 389.42 Td ( Company contributions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.50 389.32 Td (.....................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.65 389.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.15 389.42 Td (43,306) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 389.42 Td (2,799) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 389.42 Td (1,230) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 389.42 Td (1,608) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 389.42 Td (1,554) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 374.42 Td ( Settlements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 374.32 Td (........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.65 374.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.65 374.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.80 374.47 Td (\(2,131) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 374.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.65 374.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 374.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 374.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 359.42 Td ( Benefits paid) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.50 359.32 Td (.....................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.80 359.42 Td (\(43,919) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.65 359.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.80 359.47 Td (\(44,509) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.65 359.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.30 359.47 Td (\(668) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 359.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.80 359.47 Td (\(1,230) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 359.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 359.47 Td (\(1,608) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 359.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 359.47 Td (\(1,554) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 359.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 344.42 Td ( Fair value of plan assets at end of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.50 334.42 Td (period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 334.32 Td (..........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.00 334.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.10 334.42 Td (875,820) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.00 334.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.15 334.42 Td (883,265) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 334.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 334.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.00 334.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.65 334.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 334.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 334.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 334.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 334.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 315.42 Td (Funded status at end of period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.50 315.32 Td (.................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.00 315.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.15 315.42 Td (69,646) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.00 315.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.15 315.42 Td (70,516) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 315.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.80 315.47 Td (\(25,599) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 315.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.00 315.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.80 315.47 Td (\(32,696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 315.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 315.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.80 315.47 Td (\(31,836) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 315.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 315.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 315.47 Td (\(36,779) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 315.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 300.42 Td (Amounts recognized on balance sheet:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.00 300.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.00 300.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.00 300.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.00 300.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.00 300.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.00 300.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 285.42 Td ( Non-current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.50 285.32 Td (.........................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.00 285.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.15 285.42 Td (70,019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.00 285.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.15 285.42 Td (70,594) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 285.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 285.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.00 285.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.65 285.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 285.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 285.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 285.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 285.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 270.42 Td ( Accrued benefit cost:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.50 270.32 Td (.....................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 255.42 Td ( Current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.50 255.32 Td (.................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.65 255.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.65 255.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.80 255.47 Td (\(2,270) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 255.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.80 255.47 Td (\(1,880) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 255.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 255.47 Td (\(2,140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 255.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 255.47 Td (\(2,490) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 255.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 240.42 Td ( Non-current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.00 240.32 Td (..........) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.30 240.42 Td (\(373) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.65 240.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.30 240.47 Td (\(78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.65 240.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.80 240.47 Td (\(23,329) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 240.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.80 240.47 Td (\(30,816) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 240.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.80 240.47 Td (\(29,696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 240.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 240.47 Td (\(34,289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 240.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 225.42 Td (Ending balance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 225.32 Td (........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.00 225.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.15 225.42 Td (69,646) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.00 225.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.15 225.42 Td (70,516) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 225.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.80 225.47 Td (\(25,599) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 225.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.00 225.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.80 225.47 Td (\(32,696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 225.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 225.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.80 225.47 Td (\(31,836) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 225.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 225.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 225.47 Td (\(36,779) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 225.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 210.42 Td (Amounts recognized in accumulated) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.50 200.42 Td (other comprehensive loss \(pretax\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.00 200.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.00 200.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.00 200.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.00 200.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.00 200.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.00 200.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 185.42 Td ( Prior service cost \(credit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.00 185.32 Td (................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.00 185.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.15 185.42 Td (2,481) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.00 185.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.15 185.42 Td (4,021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 185.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 185.42 Td (363) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.00 185.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.30 185.47 Td (\(641) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 185.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 185.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 185.47 Td (\(4,281) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 185.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 185.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 185.47 Td (\(4,847) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 185.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 170.42 Td ( Net \(gain\) loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.50 170.32 Td (.................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.10 170.42 Td (236,232) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.15 170.42 Td (275,146) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.30 170.47 Td (\(70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 170.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 170.42 Td (7,815) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.80 170.47 Td (\(16,864) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 170.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 170.47 Td (\(12,235) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 170.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 155.42 Td (Ending balance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 155.32 Td (........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.00 155.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.10 155.42 Td (238,713) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.00 155.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.15 155.42 Td (279,167) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 155.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 155.42 Td (293) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.00 155.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 155.42 Td (7,174) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 155.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.80 155.47 Td (\(21,145) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 155.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 155.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 155.47 Td (\(17,082) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 155.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 127.25 Td (The accumulated benefit obligation of the qualified pension plans was $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.25 127.25 Td (740.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.14 127.25 Td ( and $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.58 127.25 Td (766.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.47 127.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.25 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.39 115.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.33 115.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.33 115.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 210.99 115.25 Td (. ) Tj ET Q q 0 0 0 rg BT 215.81 115.25 Td (The accumulated benefit obligation of the non-qualified pension plans was $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.39 115.25 Td (20.6 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 103.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 103.25 Td ( and $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.33 103.25 Td (23.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.22 103.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.89 103.25 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.28 103.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.22 103.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.22 103.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 324.88 103.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 79.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 79.25 Td (One significant assumption for pension plan accounting is the discount rate. Historically) Tj ET Q q 0 0 0 rg BT 438.61 79.25 Td (, we have selected a discount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 67.25 Td (rate each year \(as of our fiscal year) Tj ET Q q 0 0 0 rg BT 189.99 67.25 Td (-end measurement date\) for our plans based upon a high-quality corporate bond yield curve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 55.25 Td (for which the cash flows from coupons and maturities match the year) Tj ET Q q 0 0 0 rg BT 326.66 55.25 Td (-by-year projected benefit cash flows for our pension ) Tj ET Q endstream endobj 247 0 obj <>] /Rotate 0 /Contents 248 0 R>> endobj 248 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 9.00 Tf ET q 0 0 0 rg BT 161.35 762.50 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 193.95 762.50 Td (T) Tj ET Q q 0 0 0 rg BT 199.79 762.50 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 262.88 762.50 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 334.14 762.50 Td ( ST) Tj ET Q q 0 0 0 rg BT 346.73 762.50 Td (A) Tj ET Q q 0 0 0 rg BT 352.56 762.50 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (plans. ) Tj ET Q q 0 0 0 rg BT 75.93 742.10 Td (The corporate bond yield curve is comprised of high-quality fixed income debt instruments available at the measurement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 71.10 730.10 Td (At ) Tj ET Q q 0 0 0 rg BT 83.05 730.10 Td (August 31, 2016, we changed to use an individual spot-rate approach, discussed below) Tj ET Q q 0 0 0 rg BT 429.27 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 434.09 730.10 Td (This alternative approach ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (focuses on measuring the service cost and interest cost components of net periodic benefit cost by using individual spot rates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (derived from a high-quality corporate bond yield curve and matched with separate cash flows for each future year instead of a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (single weighted-average discount rate approach.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 670.10 Td (As of ) Tj ET Q q 0 0 0 rg BT 109.89 670.10 Td (August 31, 2016, we changed the method used to estimate the service and interest cost components of net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (periodic benefit cost for pension and other post-retirement benefits. ) Tj ET Q q 0 0 0 rg BT 321.95 658.10 Td (This change in methodology has, and is expected to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (continue to result in a decrease in the service and interest cost components for the pension and other post retirement benefit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (costs. ) Tj ET Q q 0 0 0 rg BT 74.82 634.10 Td (W) Tj ET Q q 0 0 0 rg BT 83.46 634.10 Td (e historically estimated these service and interest cost components utilizing a single weighted-average discount rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (derived from the yield curve used to measure the benefit obligation at the beginning of the period. Beginning in fiscal 2017, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (elected to utilize a full-yield curve approach in the determination of these components by applying the specific spot rates along ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (the yield curve used in the determination of the benefit obligation to the relevant projected cash flows. ) Tj ET Q q 0 0 0 rg BT 461.35 598.10 Td (W) Tj ET Q q 0 0 0 rg BT 469.99 598.10 Td (e elected to make this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (change to provide a more precise measurement of service and interest costs by improving the correlation between projected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (benefit cash flows to the corresponding spot yield curve rates. ) Tj ET Q q 0 0 0 rg BT 300.02 574.10 Td (This change does not af) Tj ET Q q 0 0 0 rg BT 394.81 574.10 Td (fect the measurement of our total benefit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (obligations at ) Tj ET Q q 0 0 0 rg BT 106.11 562.10 Td (August 31, 2016, the net periodic cost recognized in fiscal 2016 or the ultimate benefit payment that must be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (made in the future. ) Tj ET Q q 0 0 0 rg BT 127.85 550.10 Td (W) Tj ET Q q 0 0 0 rg BT 136.48 550.10 Td (e have accounted for this change as a change in accounting estimate and, accordingly) Tj ET Q q 0 0 0 rg BT 476.80 550.10 Td (, have accounted for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (it on a prospective basis.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 514.10 Td (Components of net periodic benefit costs for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.93 514.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.32 514.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.32 514.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.32 514.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.26 514.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.26 514.10 Td ( are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 456.60 155.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 205.50 456.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 456.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 456.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 456.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 456.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 456.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 456.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 456.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 456.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 456.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 456.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 456.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 456.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 456.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 456.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 456.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.50 456.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 430.60 155.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 205.50 430.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 430.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 430.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 430.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 430.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 430.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 430.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 430.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 430.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 430.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 430.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 430.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 430.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 430.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 430.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 430.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.50 430.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 404.60 155.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 205.50 404.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 404.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 404.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 404.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 404.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 404.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 404.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 404.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 404.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 404.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 404.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 404.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 404.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 404.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 404.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 404.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.50 404.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 378.60 155.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 205.50 378.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 378.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 378.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 378.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 378.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 378.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 378.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 378.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 378.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 378.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 378.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 378.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 378.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 378.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 378.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 378.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.50 378.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 352.60 155.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 205.50 352.60 36.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 352.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 352.60 36.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 352.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 352.60 36.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 352.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 352.60 36.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 352.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 352.60 36.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 352.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 352.60 36.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 352.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 352.60 36.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 352.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 352.60 36.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 352.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.50 352.60 36.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 318.60 155.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 205.50 318.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 318.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 318.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 318.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 318.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 318.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 318.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 318.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 318.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 318.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 318.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 318.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 318.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 318.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 318.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 318.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.50 318.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 292.60 155.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 205.50 292.60 36.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 292.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 292.60 36.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 292.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 292.60 36.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 292.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 292.60 36.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 292.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 292.60 36.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 292.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 292.60 36.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 292.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 292.60 36.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 292.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 292.60 36.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 292.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.50 292.60 36.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 258.60 155.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 205.50 258.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 258.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 258.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 258.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 258.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 258.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 258.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 258.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 258.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 258.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 258.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 258.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 258.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 258.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 258.60 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 258.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.50 258.60 36.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205.5 482.6 m 241.5 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 482.6 m 245.5 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 482.6 m 281.5 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 482.6 m 285.5 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 482.6 m 321.5 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 482.6 m 361.5 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 482.6 m 365.5 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 482.6 m 401.5 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 482.6 m 405.5 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 482.6 m 441.5 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 482.6 m 481.5 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 482.6 m 485.5 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 482.6 m 521.5 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 482.6 m 525.5 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 482.6 m 561.5 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205.5 482.6 m 241.5 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205.5 469.6 m 241.5 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 482.6 m 281.5 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 469.6 m 281.5 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 482.6 m 321.5 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 469.6 m 321.5 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 482.6 m 361.5 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 469.6 m 361.5 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 482.6 m 401.5 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 469.6 m 401.5 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 482.6 m 441.5 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 469.6 m 441.5 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 482.6 m 481.5 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 469.6 m 481.5 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 482.6 m 521.5 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 469.6 m 521.5 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 482.6 m 561.5 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 469.6 m 561.5 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205.5 365.6 m 241.5 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205.5 353.6 m 241.5 353.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205.5 351.6 m 241.5 351.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 365.6 m 281.5 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 353.6 m 281.5 353.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 351.6 m 281.5 351.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 365.6 m 321.5 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 353.6 m 321.5 353.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 351.6 m 321.5 351.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 365.6 m 361.5 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 353.6 m 361.5 353.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 351.6 m 361.5 351.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 365.6 m 401.5 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 353.6 m 401.5 353.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 351.6 m 401.5 351.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 365.6 m 441.5 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 353.6 m 441.5 353.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 351.6 m 441.5 351.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 365.6 m 481.5 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 353.6 m 481.5 353.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 351.6 m 481.5 351.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 365.6 m 521.5 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 353.6 m 521.5 353.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 351.6 m 521.5 351.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 365.6 m 561.5 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 353.6 m 561.5 353.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 351.6 m 561.5 351.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 246.95 494.83 Td (Qualified) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 234.85 486.83 Td (Pension Benefits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 358.55 494.83 Td (Non-Qualified) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.85 486.83 Td (Pension Benefits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.05 486.83 Td (Other Benefits) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 473.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 215.00 473.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 255.00 473.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 295.00 473.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 335.00 473.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.00 473.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.00 473.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.00 473.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.00 473.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 535.00 473.83 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 460.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 345.20 460.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 447.85 Td (Components of net periodic benefit costs:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 238.00 447.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 278.00 447.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.00 447.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.00 447.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.00 447.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 447.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.00 447.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 518.00 447.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.00 447.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 434.85 Td ( Service cost) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 434.55 Td (.....................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 208.00 434.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 212.30 434.85 Td (42,149) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 248.00 434.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 252.30 434.85 Td (37,533) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.00 434.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.30 434.85 Td (36,006) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.00 434.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.30 434.85 Td (1,206) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.00 434.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.30 434.85 Td (1,035) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.00 434.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.30 434.85 Td (875) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.00 434.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.30 434.85 Td (1,160) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.00 434.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 496.30 434.85 Td (1,412) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.00 434.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 434.85 Td (1,513) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 421.85 Td ( Interest cost) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 96.00 421.55 Td (.....................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 212.30 421.85 Td (22,999) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 252.30 421.85 Td (30,773) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.30 421.85 Td (28,046) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 342.30 421.85 Td (843) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.30 421.85 Td (1,406) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.30 421.85 Td (1,414) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 421.85 Td (930) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 496.30 421.85 Td (1,709) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 421.85 Td (1,489) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 408.85 Td ( Expected return on assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 140.00 408.55 Td (...............................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 209.60 408.85 Td (\(48,235) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 234.30 408.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 249.60 408.85 Td (\(48,055) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 274.30 408.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 289.60 408.85 Td (\(49,746) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 408.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.30 408.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 386.30 408.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 426.30 408.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.30 408.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.30 408.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.30 408.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 395.85 Td ( Settlement of retiree obligations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 160.00 395.55 Td (.....................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 226.30 395.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 266.30 395.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.30 395.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.60 395.85 Td (\(30) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.30 395.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 386.30 395.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.30 395.85 Td (1,635) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.30 395.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.30 395.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.30 395.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 382.85 Td ( Prior service cost \(credit\) amortization) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 182.00 382.55 Td (..........) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 216.30 382.85 Td (1,540) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 256.30 382.85 Td (1,606) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 296.30 382.85 Td (1,631) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.30 382.85 Td (19) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 382.30 382.85 Td (228) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.30 382.85 Td (228) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.60 382.85 Td (\(565) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.30 382.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.60 382.85 Td (\(120) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 514.30 382.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.60 382.85 Td (\(426) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.30 382.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 369.85 Td ( Actuarial loss amortization) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 144.00 369.55 Td (.............................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 212.30 369.85 Td (22,869) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 252.30 369.85 Td (19,016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.30 369.85 Td (19,621) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 342.30 369.85 Td (546) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 382.30 369.85 Td (692) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.30 369.85 Td (1,058) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.60 369.85 Td (\(798) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.30 369.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.60 369.85 Td (\(464) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 514.30 369.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.60 369.85 Td (\(431) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.30 369.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 356.85 Td (Net periodic benefit cost) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 132.00 356.55 Td (...................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 208.00 356.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 212.30 356.85 Td (41,322) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 248.00 356.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 252.30 356.85 Td (40,873) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.00 356.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.30 356.85 Td (35,558) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.00 356.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.30 356.85 Td (2,584) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.00 356.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.30 356.85 Td (3,361) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.00 356.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.30 356.85 Td (5,210) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.00 356.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.30 356.85 Td (727) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.00 356.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 496.30 356.85 Td (2,537) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.00 356.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 356.85 Td (2,145) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 343.85 Td (Weighted-average assumptions to determine) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 335.85 Td (the net periodic benefit cost:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 238.00 335.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 278.00 335.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.00 335.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.00 335.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.00 335.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 335.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.00 335.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 518.00 335.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.00 335.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 322.85 Td ( Discount rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 100.00 322.55 Td (...................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.30 322.85 Td (3.60) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 234.30 322.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 260.30 322.85 Td (4.20) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 274.30 322.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 300.30 322.85 Td (4.00) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 322.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.30 322.85 Td (3.30) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.30 322.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.30 322.85 Td (4.20) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 322.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 322.85 Td (4.00) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.30 322.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.30 322.85 Td (3.30) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.30 322.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.30 322.85 Td (4.20) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 514.30 322.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.30 322.85 Td (4.20) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.30 322.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 309.85 Td ( Expected return on plan assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 156.00 309.55 Td (.......................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.30 309.85 Td (5.75) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 234.30 309.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 260.30 309.85 Td (6.00) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 274.30 309.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 300.30 309.85 Td (6.50) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 309.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.65 309.85 Td (N/A) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.65 309.85 Td (N/A) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.65 309.85 Td (N/A) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.65 309.85 Td (N/A) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 504.65 309.85 Td (N/A) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.65 309.85 Td (N/A) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 296.85 Td ( Rate of compensation increase) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 156.00 296.55 Td (.......................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.30 296.85 Td (5.60) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 234.30 296.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 260.30 296.85 Td (4.90) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 274.30 296.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 300.30 296.85 Td (4.90) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 296.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.30 296.85 Td (5.60) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.30 296.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.30 296.85 Td (4.90) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 296.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 296.85 Td (5.15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.30 296.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.65 296.85 Td (N/A) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 504.65 296.85 Td (N/A) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.65 296.85 Td (N/A) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 283.85 Td (Weighted-average assumptions to determine) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 57.50 275.85 Td (the benefit obligations:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 238.00 275.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 278.00 275.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.00 275.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.00 275.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.00 275.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 275.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.00 275.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 518.00 275.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.00 275.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 262.85 Td ( Discount rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 100.00 262.55 Td (...................................................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.30 262.85 Td (3.80) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 234.30 262.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 260.30 262.85 Td (3.60) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 274.30 262.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 300.30 262.85 Td (4.20) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 262.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.30 262.85 Td (3.55) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.30 262.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.30 262.85 Td (3.30) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 262.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 262.85 Td (4.50) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.30 262.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.30 262.85 Td (3.60) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.30 262.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.30 262.85 Td (3.30) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 514.30 262.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.30 262.85 Td (3.75) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.30 262.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 249.85 Td ( Rate of compensation increase) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 156.00 249.55 Td (.......................) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.30 249.85 Td (5.10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 234.30 249.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 260.30 249.85 Td (5.60) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 274.30 249.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 300.30 249.85 Td (4.90) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 249.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.30 249.85 Td (5.10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.30 249.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.30 249.85 Td (5.60) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 249.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 249.85 Td (4.80) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.30 249.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.65 249.85 Td (N/A) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 504.65 249.85 Td (N/A) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.65 249.85 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 222.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 222.10 Td (The estimated amortization in fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.34 222.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.34 222.10 Td ( from accumulated other comprehensive loss into net periodic benefit cost is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 210.10 Td (as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 165.60 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 165.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 165.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 165.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 165.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 165.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 178.60000000000002 m 424.5 178.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 178.60000000000002 m 493.5 178.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 178.60000000000002 m 562.5 178.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.45 190.83 Td (Qualified) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.35 182.83 Td (Pension Benefits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.05 190.83 Td (Non-Qualified) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.35 182.83 Td (Pension Benefits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.35 190.83 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.70 182.83 Td (Benefits) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 204.50 169.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.70 169.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 155.27 Td (Amortization of prior service cost \(benefit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.00 155.17 Td (....................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 155.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 155.27 Td (1,540) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 155.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 155.27 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 155.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 155.32 Td (\(565) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 155.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 140.27 Td (Amortization of net actuarial \(gain\) loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.50 140.17 Td (.........................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 140.27 Td (18,073) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 140.27 Td (61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 140.32 Td (\(1,224) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 140.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 112.10 Td (For measurement purposes, a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.69 112.10 Td (7.9%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.52 112.10 Td ( annual rate of increase in the per capita cost of covered health care benefits was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (assumed for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.35 100.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.74 100.10 Td (. ) Tj ET Q q 0 0 0 rg BT 232.56 100.10 Td (The rate was assumed to decrease gradually to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.82 100.10 Td (4.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.65 100.10 Td ( by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 100.10 Td (2025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 100.10 Td ( and remain at that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 Td (level thereafter) Tj ET Q q 0 0 0 rg BT 109.68 88.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 64.10 Td (Assumed health care cost trend rates have a significant ef) Tj ET Q q 0 0 0 rg BT 315.45 64.10 Td (fect on the amounts reported for the health care plans. ) Tj ET Q q 0 0 0 rg BT 532.87 64.10 Td (A) Tj ET Q q 0 0 0 rg BT 539.54 64.10 Td ( one-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.10 Td (percentage point change in the assumed health care cost trend rates would have the following ef) Tj ET Q q 0 0 0 rg BT 433.29 52.10 Td (fects:) Tj ET Q endstream endobj 249 0 obj <>] /Rotate 0 /Contents 250 0 R>> endobj 250 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 9.00 Tf ET q 0 0 0 rg BT 161.35 762.50 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 193.95 762.50 Td (T) Tj ET Q q 0 0 0 rg BT 199.79 762.50 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 262.88 762.50 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 334.14 762.50 Td ( ST) Tj ET Q q 0 0 0 rg BT 346.73 762.50 Td (A) Tj ET Q q 0 0 0 rg BT 352.56 762.50 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-32) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 722.50 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 722.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 722.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 722.50 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 735.5 m 493.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 735.5 m 562.5 735.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.10 739.73 Td (1% Increase) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.25 739.73 Td (1% Decrease) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 239.00 726.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.20 726.73 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 712.17 Td (Effect on total of service and interest cost components) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.00 712.07 Td (..............................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 712.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 712.17 Td (240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 712.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 712.22 Td (\(200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 712.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 697.17 Td (Effect on postretirement benefit obligation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.00 697.07 Td (................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 697.17 Td (2,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 697.22 Td (\(2,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 697.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 669.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 669.00 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 669.00 Td (e provide defined life insurance and health care benefits for certain retired employees and Board of Directors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 657.00 Td (participants. ) Tj ET Q q 0 0 0 rg BT 101.47 657.00 Td (The plan is contributory based on years of service and family status, with retiree contributions adjusted annually) Tj ET Q q 0 0 0 rg BT 549.86 657.00 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 633.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 633.00 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 633.00 Td (e have other contributory defined contribution plans covering substantially all employees. ) Tj ET Q q 0 0 0 rg BT 456.02 633.00 Td (T) Tj ET Q q 0 0 0 rg BT 461.43 633.00 Td (otal contributions by us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 621.00 Td (to these plans were $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.86 621.00 Td (19.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.75 621.00 Td (, $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.75 621.00 Td (29.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.65 621.00 Td ( and $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.08 621.00 Td (27.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.98 621.00 Td (, for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.28 621.00 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.67 621.00 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.67 621.00 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.67 621.00 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.61 621.00 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.61 621.00 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 609.00 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 609.00 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 585.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 585.00 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 585.00 Td (e did not contribute to the qualified pension plans in fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.86 585.00 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.86 585.00 Td (. Based on the funded status of the qualified pension ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 573.00 Td (plans as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.72 573.00 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.11 573.00 Td (, we do not believe we will be required to contribute to these plans in fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.08 573.00 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.08 573.00 Td (, although we may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 561.00 Td (voluntarily elect to do so. ) Tj ET Q q 0 0 0 rg BT 154.24 561.00 Td (W) Tj ET Q q 0 0 0 rg BT 162.88 561.00 Td (e expect to pay $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.63 561.00 Td (4.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.52 561.00 Td ( to participants of the non-qualified pension and postretirement benefit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 549.00 Td (plans during fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.37 549.00 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.37 549.00 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 525.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 525.00 Td (Our retiree benefit payments, which reflect expected future service, are anticipated to be paid as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 480.50 263.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 480.50 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 480.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 480.50 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 480.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 480.50 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 450.50 263.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 450.50 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 450.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 450.50 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 450.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 450.50 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 420.50 263.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 420.50 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 420.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 420.50 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 420.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 420.50 80.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 493.5 m 393.5 493.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 493.5 m 477.5 493.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 493.5 m 561.5 493.5 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 181.50 497.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 336.95 505.73 Td (Qualified) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 324.85 497.73 Td (Pension Benefits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.55 505.73 Td (Non-Qualified) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.85 497.73 Td (Pension Benefits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 496.05 505.73 Td (Other Benefits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.05 497.73 Td (Gross) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 181.50 484.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.20 484.73 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 470.17 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 470.07 Td (..............................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.00 470.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 470.17 Td (64,044) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.00 470.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 470.17 Td (2,270) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 470.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 470.17 Td (2,140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 455.17 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 455.07 Td (..............................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 455.17 Td (61,510) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 455.17 Td (2,170) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 455.17 Td (2,240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 440.17 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 440.07 Td (..............................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 440.17 Td (59,997) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 440.17 Td (1,960) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 440.17 Td (2,510) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 425.17 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 425.07 Td (..............................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 425.17 Td (61,753) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 425.17 Td (1,950) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 425.17 Td (2,530) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 410.17 Td (2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 410.07 Td (..............................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 410.17 Td (62,869) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 410.17 Td (2,440) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 410.17 Td (2,670) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 395.17 Td (2023-2027) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.50 395.07 Td (.....................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 395.17 Td (325,797) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.15 395.17 Td (11,960) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 395.17 Td (12,750) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 367.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 367.00 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 367.00 Td (e have trusts that hold the assets for the defined benefit plans. CHS has a qualified plan committee that sets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 355.00 Td (investment guidelines with the assistance of external consultants. Investment objectives for the plans' assets are as follows:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 337.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 337.00 Td (optimization of the long-term returns on plan assets at an acceptable level of risk;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 319.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 319.00 Td (maintenance of a broad diversification across asset classes and among investment managers; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 301.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 301.00 Td (focus on long-term return objectives.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 277.00 Td (Asset allocation tar) Tj ET Q q 0 0 0 rg BT 163.02 277.00 Td (gets promote optimal expected return and volatility characteristics given the long-term time ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.00 Td (horizon for fulfilling the obligations of the pension plans. Our pension plans' investment policy strategy is such that liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 253.00 Td (match assets. ) Tj ET Q q 0 0 0 rg BT 105.08 253.00 Td (This is being accomplished through the asset portfolio mix by reducing volatility and de-risking the plans. ) Tj ET Q q 0 0 0 rg BT 531.77 253.00 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 241.00 Td (plans) Tj ET Q q 0 0 0 rg BT 73.70 241.00 Td ( tar) Tj ET Q q 0 0 0 rg BT 86.56 241.00 Td (get allocation percentages range between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.42 241.00 Td (35%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.75 241.00 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.19 241.00 Td (55%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.52 241.00 Td ( for fixed income securities, and range between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.39 241.00 Td (45%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.72 241.00 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.16 241.00 Td (65%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.49 241.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.00 Td (for equity securities. ) Tj ET Q q 0 0 0 rg BT 133.87 229.00 Td (An annual analysis of the risk versus the return of the investment portfolio is conducted to justify the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.00 Td (expected long-term rate of return assumption. ) Tj ET Q q 0 0 0 rg BT 235.03 217.00 Td (W) Tj ET Q q 0 0 0 rg BT 243.67 217.00 Td (e generally use long-term historical return information for the tar) Tj ET Q q 0 0 0 rg BT 503.12 217.00 Td (geted asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.00 Td (mix identified in asset and liability studies. ) Tj ET Q q 0 0 0 rg BT 223.87 205.00 Td (Adjustments are made to the expected long-term rate of return assumption, when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.00 Td (deemed necessary) Tj ET Q q 0 0 0 rg BT 121.81 193.00 Td (, based upon revised expectations of future investment performance of the overall investment markets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 169.00 Td (The discount rate reflects the rate at which the associated benefits could be ef) Tj ET Q q 0 0 0 rg BT 395.41 169.00 Td (fectively settled as of the measurement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.00 Td (date. In estimating this rate, we look at rates of return on fixed-income investments of similar duration to the liabilities in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.00 Td (plans that receive high, investment-grade ratings by recognized ratings agencies.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 121.00 Td (The investment portfolio contains a diversified portfolio of investment categories, including domestic and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.00 Td (international equities, fixed-income securities and real estate. Securities are also diversified in terms of domestic and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.00 Td (international securities, short and long-term securities, growth and value equities, lar) Tj ET Q q 0 0 0 rg BT 388.33 97.00 Td (ge and small cap stocks, as well as active ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 85.00 Td (and passive management styles.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 61.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 61.00 Td (The committee believes that with prudent risk tolerance and asset diversification, the plans should be able to meet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 49.00 Td (pension obligations in the future.) Tj ET Q endstream endobj 251 0 obj <>] /Rotate 0 /Contents 252 0 R>> endobj 252 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 9.00 Tf ET q 0 0 0 rg BT 161.35 762.50 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 193.95 762.50 Td (T) Tj ET Q q 0 0 0 rg BT 199.79 762.50 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 262.88 762.50 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 334.14 762.50 Td ( ST) Tj ET Q q 0 0 0 rg BT 346.73 762.50 Td (A) Tj ET Q q 0 0 0 rg BT 352.56 762.50 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 730.10 Td (Our pension plans) Tj ET Q q 0 0 0 rg BT 161.36 730.10 Td ( recurring fair value measurements by asset category at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.76 730.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.16 730.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.09 730.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.09 730.10 Td (, are presented in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (the tables below:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 668.60 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 668.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 668.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 668.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 668.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 668.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 668.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 668.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 638.60 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 638.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 638.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 638.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 638.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 638.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 638.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 638.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 608.60 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 608.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 608.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 608.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 608.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 608.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 608.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 608.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 579.60 240.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 579.60 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 579.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 579.60 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 579.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 579.60 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 579.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 579.60 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 539.60 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 539.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 539.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 539.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 539.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 539.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 539.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 539.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 694.6 m 355.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 694.6 m 359.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 694.6 m 424.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 694.6 m 428.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 694.6 m 493.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 694.6 m 497.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 694.6 m 562.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 681.6 m 355.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 681.6 m 424.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 681.6 m 493.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 681.6 m 562.5 681.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 539.6 m 355.5 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 539.6 m 424.5 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 539.6 m 493.5 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 539.6 m 562.5 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 525.6 m 355.5 525.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 523.6 m 355.5 523.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 525.6 m 424.5 525.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 523.6 m 424.5 523.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 525.6 m 493.5 525.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 523.6 m 493.5 523.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 525.6 m 562.5 525.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 523.6 m 562.5 523.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 698.17 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.00 698.83 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 685.17 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 310.15 685.83 Td (Level 1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 379.15 685.83 Td (Level 2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.15 685.83 Td (Level 3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.75 685.83 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 672.17 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.20 672.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 658.27 Td (Cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.50 658.17 Td (...................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 658.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 658.27 Td (9,988) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 658.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 658.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 658.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 658.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 658.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 658.27 Td (9,988) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 643.27 Td (Equities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 643.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 643.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 643.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.00 643.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 628.27 Td ( Mutual funds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.50 628.17 Td (.....................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.65 628.27 Td (459) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 628.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 628.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 628.27 Td (459) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 613.27 Td ( Common/collective trust at net asset value ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 232.68 617.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.00 613.17 Td (..................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 613.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 613.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 613.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 613.27 Td (231,228) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 598.27 Td (Fixed income securities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 598.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 598.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 598.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.00 598.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 584.17 Td ( Common/collective trust at net asset value ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 232.68 588.70 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.00 584.17 Td (..................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 584.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 584.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 584.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 584.17 Td (535,185) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 569.27 Td (Partnership and joint venture interests measured at net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 559.27 Td (asset value ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 99.09 563.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 559.17 Td (........................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 559.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 559.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 559.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 559.27 Td (96,994) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 544.27 Td (Other assets measured at net asset value ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 215.44 548.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.50 544.17 Td (.........................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 544.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 544.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 544.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 544.27 Td (1,966) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 529.27 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 529.17 Td (.....................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 529.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 529.27 Td (10,447) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 529.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 529.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 529.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 529.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 529.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 529.27 Td (875,820) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 463.60 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 463.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 463.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 463.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 463.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 463.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 463.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 463.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 433.60 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 433.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 433.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 433.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 433.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 433.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 433.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 433.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 403.60 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 403.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 403.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 403.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 403.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 403.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 403.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 403.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 373.60 240.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 373.60 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 373.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 373.60 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 373.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 373.60 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 373.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 373.60 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 335.60 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 335.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 335.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 335.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 335.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 335.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 335.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 335.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 489.6 m 355.5 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 489.6 m 359.5 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 489.6 m 424.5 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 489.6 m 428.5 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 489.6 m 493.5 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 489.6 m 497.5 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 489.6 m 562.5 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 476.6 m 355.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 476.6 m 424.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 476.6 m 493.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 476.6 m 562.5 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 335.6 m 355.5 335.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 335.6 m 424.5 335.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 335.6 m 493.5 335.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 335.6 m 562.5 335.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 321.6 m 355.5 321.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 319.6 m 355.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 321.6 m 424.5 321.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 319.6 m 424.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 321.6 m 493.5 321.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 319.6 m 493.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 321.6 m 562.5 321.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 319.6 m 562.5 319.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 493.17 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.00 493.83 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 480.17 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 310.15 480.83 Td (Level 1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 379.15 480.83 Td (Level 2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.15 480.83 Td (Level 3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.75 480.83 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 467.17 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.20 467.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 453.27 Td (Cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.50 453.17 Td (...................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 453.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 453.27 Td (4,841) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 453.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 453.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 453.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 453.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 453.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 453.27 Td (4,841) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 438.27 Td (Equities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 438.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 438.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 438.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.00 438.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 423.27 Td ( Mutual funds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.50 423.17 Td (.....................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.65 423.27 Td (507) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 423.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 423.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 423.27 Td (507) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 408.27 Td ( Common/collective trust at net asset value ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 232.68 412.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.00 408.17 Td (..................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 408.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 408.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 408.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 408.27 Td (228,717) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 393.27 Td (Fixed income securities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 393.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 393.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 393.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.00 393.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 378.27 Td ( Common/collective trust at net asset value ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 232.68 382.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.00 378.17 Td (..................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 378.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 378.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 378.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 378.27 Td (551,604) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 364.17 Td (Partnership and joint venture interests measured at net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 354.17 Td (asset value ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 99.09 358.70 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 354.17 Td (........................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 355.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 355.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 355.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 355.27 Td (95,744) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 340.27 Td (Other assets measured at net asset value ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 215.44 344.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.50 340.17 Td (.........................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 340.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 340.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 340.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 340.27 Td (1,852) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 325.27 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 325.17 Td (.....................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 325.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 325.27 Td (5,348) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 325.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 325.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 325.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 325.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 325.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 325.27 Td (883,265) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 68.00 301.63 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 297.10 Td ( In accordance with ) Tj ET Q q 0 0 0 rg BT 150.41 297.10 Td (ASC ) Tj ET Q q 0 0 0 rg BT 167.83 297.10 Td (T) Tj ET Q q 0 0 0 rg BT 172.16 297.10 Td (opic 820-10, ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 214.60 297.10 Td (Fair V) Tj ET Q q 0 0 0 rg BT 234.82 297.10 Td (alue Measur) Tj ET Q q 0 0 0 rg BT 274.74 297.10 Td (ements) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 296.95 297.10 Td (, certain assets that are measured at fair value using the net asset value per share ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 287.50 Td (\(or its equivalent\) practical expedient have not been categorized in the fair value hierarchy) Tj ET Q q 0 0 0 rg BT 374.90 287.50 Td (. ) Tj ET Q q 0 0 0 rg BT 378.75 287.50 Td (The fair value amounts presented in the tables above are ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 277.90 Td (intended to permit reconciliation of the fair value hierarchy to the amounts presented in the statement of net assets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 253.90 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 253.90 Td (Definitions for valuation levels are found in Note13, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 300.95 253.90 Td (Fair V) Tj ET Q q 0 0 0 rg BT 326.22 253.90 Td (alue Measur) Tj ET Q q 0 0 0 rg BT 376.12 253.90 Td (ements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.89 253.90 Td (. ) Tj ET Q q 0 0 0 rg BT 408.71 253.90 Td (W) Tj ET Q q 0 0 0 rg BT 417.35 253.90 Td (e use the following valuation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 241.90 Td (methodologies for assets measured at fair value.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 217.90 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 217.90 Td (Mutual funds:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.39 217.90 Td () Tj ET Q q 0 0 0 rg BT 147.21 217.90 Td (V) Tj ET Q q 0 0 0 rg BT 153.32 217.90 Td (alued at quoted market prices, which are based on the net asset value of shares held by the plan at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.90 Td (year end. Mutual funds traded in active markets are classified within Level1 of the fair value hierarchy) Tj ET Q q 0 0 0 rg BT 462.52 205.90 Td (. Mutual funds measured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.90 Td (at fair value using the net asset value per share practical expedient have not been categorized in the fair value hierarchy in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.90 Td (accordance with ) Tj ET Q q 0 0 0 rg BT 117.19 181.90 Td (ASC ) Tj ET Q q 0 0 0 rg BT 138.96 181.90 Td (T) Tj ET Q q 0 0 0 rg BT 144.37 181.90 Td (opic 820-10, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 197.42 181.90 Td (Fair V) Tj ET Q q 0 0 0 rg BT 222.70 181.90 Td (alue Measur) Tj ET Q q 0 0 0 rg BT 272.59 181.90 Td (ement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.47 181.90 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 157.90 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 157.90 Td (Common/Collective T) Tj ET Q q 0 0 0 rg BT 172.94 157.90 Td (rusts:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.72 157.90 Td (Common/collective trusts primarily consist of equity and fixed income funds and are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.90 Td (valued using other significant observable inputs \(including quoted prices for similar investments, interest rates, prepayment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.90 Td (speeds, credit risks, referenced indices, quoted prices in inactive markets, adjusted quoted prices in active markets, adjusted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.90 Td (quoted prices on foreign equity securities that were adjusted in accordance with pricing procedures approved by the trust, etc.\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.90 Td (Common/collective trust investments can be redeemeddailyand without restriction. Redemption of the entire investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.90 Td (balance generally requires a45- to 60-day notice period. ) Tj ET Q q 0 0 0 rg BT 278.06 97.90 Td (The equity funds provide exposure to lar) Tj ET Q q 0 0 0 rg BT 440.61 97.90 Td (ge, mid and small cap U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 85.90 Td (equities, international lar) Tj ET Q q 0 0 0 rg BT 149.51 85.90 Td (ge and small cap equities and emer) Tj ET Q q 0 0 0 rg BT 289.27 85.90 Td (ging market equities. ) Tj ET Q q 0 0 0 rg BT 375.74 85.90 Td (The fixed income funds provide exposure to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 73.90 Td (U.S., international and emer) Tj ET Q q 0 0 0 rg BT 162.56 73.90 Td (ging market debt securities. Common/collective trusts measured at fair value using the net asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 61.90 Td (value per share practical expedient have not been categorized in the fair value hierarchy in accordance with ) Tj ET Q q 0 0 0 rg BT 481.17 61.90 Td (ASC ) Tj ET Q q 0 0 0 rg BT 502.94 61.90 Td (T) Tj ET Q q 0 0 0 rg BT 508.35 61.90 Td (opic 820-10, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 49.90 Td (Fair V) Tj ET Q q 0 0 0 rg BT 75.28 49.90 Td (alue Measur) Tj ET Q q 0 0 0 rg BT 125.18 49.90 Td (ement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.05 49.90 Td (.) Tj ET Q endstream endobj 253 0 obj <>] /Rotate 0 /Contents 254 0 R>> endobj 254 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 9.00 Tf ET q 0 0 0 rg BT 161.35 762.50 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 193.95 762.50 Td (T) Tj ET Q q 0 0 0 rg BT 199.79 762.50 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 262.88 762.50 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 334.14 762.50 Td ( ST) Tj ET Q q 0 0 0 rg BT 346.73 762.50 Td (A) Tj ET Q q 0 0 0 rg BT 352.56 762.50 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 730.10 Td (Partnership and joint ventur) Tj ET Q q 0 0 0 rg BT 199.79 730.10 Td (e inter) Tj ET Q q 0 0 0 rg BT 225.24 730.10 Td (ests:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.57 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 248.39 730.10 Td (V) Tj ET Q q 0 0 0 rg BT 254.51 730.10 Td (alued at the net asset value of shares held by the plan at year end as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (practical expedient for fair value. ) Tj ET Q q 0 0 0 rg BT 185.30 718.10 Td (The net asset value is based on the fair value of the underlying assets owned by the trust, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (minus its liabilities then divided by the number of units outstanding. Redemptions of these interests generally require a45- to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (60-day notice period. Partnerships and joint venture interests measured at fair value using the net asset value per share practical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (expedient have not been categorized in the fair value hierarchy in accordance with ) Tj ET Q q 0 0 0 rg BT 381.23 682.10 Td (ASC ) Tj ET Q q 0 0 0 rg BT 403.00 682.10 Td (T) Tj ET Q q 0 0 0 rg BT 408.41 682.10 Td (opic 820-10, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 461.46 682.10 Td (Fair V) Tj ET Q q 0 0 0 rg BT 486.74 682.10 Td (alue ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (Measur) Tj ET Q q 0 0 0 rg BT 80.18 670.10 Td (ement.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 646.10 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.72 646.10 Td (: Other assets primarily includes real estate funds and hedge funds held in the asset portfolio of our U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (defined benefit pension plans. Other funds measured at fair value using the net asset value per share practical expedient have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (not been categorized in the fair value hierarchy in accordance with ) Tj ET Q q 0 0 0 rg BT 318.48 622.10 Td (ASC ) Tj ET Q q 0 0 0 rg BT 340.25 622.10 Td (T) Tj ET Q q 0 0 0 rg BT 345.66 622.10 Td (opic 820-10, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 398.71 622.10 Td (Fair V) Tj ET Q q 0 0 0 rg BT 423.99 622.10 Td (alue Measur) Tj ET Q q 0 0 0 rg BT 473.89 622.10 Td (ement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 598.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 598.10 Td (e are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.28 598.10 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.72 598.10 Td ( of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.31 598.10 Td (400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.31 598.10 Td ( employers that contribute to the Co-op Retirement Plan \("Co-op Plan"\), which is a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (defined benefit plan constituting a multiple employer plan under the Internal Revenue Code of 1986, as amended, and a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (multiemployer plan under the accounting standards. ) Tj ET Q q 0 0 0 rg BT 268.92 574.10 Td (The risks of participating in these multiemployer plans are dif) Tj ET Q q 0 0 0 rg BT 516.17 574.10 Td (ferent from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (single-employer plans in the following aspects:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 544.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 544.10 Td (Assets contributed to the multiemployer plan by one employer may be used to provide benefits to employees of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 532.10 Td (other participating employers;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 514.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 514.10 Td (If a participating employer stops contributing to the plan, the unfunded obligations of the plan may be borne by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 502.10 Td (the remaining participating employers; and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 484.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 484.10 Td (If we choose to stop participating in the multiemployer plan, we may be required to pay the plan an amount based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 472.10 Td (on the underfunded status of the plan, referred to as a withdrawal liability) Tj ET Q q 0 0 0 rg BT 397.42 472.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 448.10 Td (Our participation in the Co-op Plan for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.16 448.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.55 448.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.55 448.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.55 448.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.49 448.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.49 448.10 Td ( is outlined in the table ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (below:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 378.60 122.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 171.50 378.60 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 177.50 378.60 81.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 378.60 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 378.60 33.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 378.60 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 378.60 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 378.60 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 378.60 34.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 378.60 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 378.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 378.60 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 378.60 116.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 410.6 m 297.5 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 410.6 m 303.5 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 410.6 m 338.5 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 410.6 m 344.5 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 410.6 m 378.5 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 378.6 m 171.5 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177.5 378.6 m 258.5 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 378.6 m 297.5 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 378.6 m 338.5 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 378.6 m 378.5 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 378.6 m 439.5 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 378.6 m 561.5 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 378.6 m 439.5 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 378.6 m 561.5 378.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 283.40 414.83 Td (Contributions of CHS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 283.20 401.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 91.20 382.83 Td (Plan Name) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 186.30 382.83 Td (EIN/Plan Number) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 272.50 382.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 312.50 382.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.00 382.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.75 389.68 Td (Surcharge) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.80 381.68 Td (Imposed) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.30 389.68 Td (Expiration Date of Collective) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.25 381.68 Td (Bargaining Agreement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 368.27 Td (Co-op Retirement Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.50 368.17 Td (.........) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.90 368.27 Td (01-0689331 / 001) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.00 368.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.10 368.27 Td (1,653) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.00 368.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.10 368.27 Td (1,862) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 368.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.10 368.27 Td (2,021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 368.27 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 368.27 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 340.10 Td (Our contributions for the years stated above did not represent more than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.47 340.10 Td (5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 340.10 Td ( of total contributions to the Co-op Plan as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (indicated in the Co-op Plan's most recently available annual report \(Form 5500\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 304.10 Td (Provisions of the Pension Protection ) Tj ET Q q 0 0 0 rg BT 233.50 304.10 Td (Act of 2006 \("PP) Tj ET Q q 0 0 0 rg BT 301.39 304.10 Td (A"\) do not apply to the Co-op Plan because there is a special ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (exemption for cooperative plans if the plan is maintained by more than one employer and at least ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.71 292.10 Td (85%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.04 292.10 Td ( of the employers are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (rural cooperatives or cooperative or) Tj ET Q q 0 0 0 rg BT 192.53 280.10 Td (ganizations owned by agricultural producers. In the Co-op Plan, a zone status ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (determination is not required, and therefore not determined. In addition, the accumulated benefit obligations and plan assets are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (not determined or allocated separately by individual employers. ) Tj ET Q q 0 0 0 rg BT 307.24 256.10 Td (The most recent financial statements available in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.21 256.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.21 256.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 244.10 Td ( are for the Co-op Plan's year) Tj ET Q q 0 0 0 rg BT 186.56 244.10 Td (-end at March 31, 2017, and 2016, respectively) Tj ET Q q 0 0 0 rg BT 374.75 244.10 Td (. In total, the Co-op Plan was at least ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.44 244.10 Td (80%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.77 244.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (funded on those dates based on the total plan assets and accumulated benefit obligations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 208.10 Td (Because the provisions of the PP) Tj ET Q q 0 0 0 rg BT 216.45 208.10 Td (A) Tj ET Q q 0 0 0 rg BT 223.12 208.10 Td ( do not apply to the Co-op Plan, funding improvement plans and surchar) Tj ET Q q 0 0 0 rg BT 512.62 208.10 Td (ges are not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (applicable. Future contribution requirements are determined each year as part of the actuarial valuation of the plan and may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td (change as a result of plan experience.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 160.10 Td (In addition to the contributions to the Co-op Plan listed above, total contributions to individually insignificant multi-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.10 Td (employer pension plans were immaterial in fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.66 148.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.66 148.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.66 148.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.66 148.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.60 148.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.60 148.10 Td (.) Tj ET Q endstream endobj 255 0 obj <>] /Rotate 0 /Contents 256 0 R>> endobj 256 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 9.00 Tf ET q 0 0 0 rg BT 161.35 762.50 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 193.95 762.50 Td (T) Tj ET Q q 0 0 0 rg BT 199.79 762.50 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 262.88 762.50 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 334.14 762.50 Td ( ST) Tj ET Q q 0 0 0 rg BT 346.73 762.50 Td (A) Tj ET Q q 0 0 0 rg BT 352.56 762.50 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-35) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Note1) Tj ET Q q 0 0 0 rg BT 76.94 742.25 Td (1 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (Segment Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 694.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 694.25 Td (e are an integrated agricultural enterprise, providing grain, foods and ener) Tj ET Q q 0 0 0 rg BT 389.33 694.25 Td (gy resources to businesses and consumers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (on a global basis. ) Tj ET Q q 0 0 0 rg BT 121.75 682.25 Td (W) Tj ET Q q 0 0 0 rg BT 130.39 682.25 Td (e provide a wide variety of products and services, from initial agricultural inputs such as fuels, farm ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (supplies, crop nutrients and crop protection products, to agricultural outputs that include grains and oilseeds, grain and oilseed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (processing and food products, and the production and marketing of ethanol. ) Tj ET Q q 0 0 0 rg BT 355.02 658.25 Td (W) Tj ET Q q 0 0 0 rg BT 363.66 658.25 Td (e define our operating segments in accordance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (with ) Tj ET Q q 0 0 0 rg BT 69.73 646.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 91.50 646.25 Td (T) Tj ET Q q 0 0 0 rg BT 96.91 646.25 Td (opic 280, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 136.63 646.25 Td (Segment Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.00 646.25 Td (, to reflect the manner in which our chief operating decision maker) Tj ET Q q 0 0 0 rg BT 479.72 646.25 Td (, our Chief ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (Executive Of) Tj ET Q q 0 0 0 rg BT 102.85 634.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 120.77 634.25 Td (, evaluates performance and allocates resources in managing the business. ) Tj ET Q q 0 0 0 rg BT 418.81 634.25 Td (W) Tj ET Q q 0 0 0 rg BT 427.45 634.25 Td (e have aggregated those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (operating segments into four reportable segments: Ener) Tj ET Q q 0 0 0 rg BT 271.42 622.25 Td (gy) Tj ET Q q 0 0 0 rg BT 280.77 622.25 Td (, ) Tj ET Q q 0 0 0 rg BT 285.22 622.25 Td (Ag, Nitrogen Production and Foods.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 598.25 Td (Our Ener) Tj ET Q q 0 0 0 rg BT 122.75 598.25 Td (gy segment produces and provides primarily for the wholesale distribution of petroleum products and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (transportation of those products. Our ) Tj ET Q q 0 0 0 rg BT 199.42 586.25 Td (Ag segment purchases and further processes or resells grains and oilseeds originated by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (our country operations business, by our member cooperatives and by third parties; serves as a wholesaler and retailer of crop ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (inputs; and produces and markets ethanol. Our Nitrogen Production segment consists solely of our equity method investment in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (CF Nitrogen, which was completed in February 2016 and which entitles us, pursuant to a supply agreement that we entered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (with CF Nitrogen, to purchase up to a specified annual quantity of granular urea and UAN annually from CF Nitrogen. ) Tj ET Q q 0 0 0 rg BT 528.04 538.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (addition of the Nitrogen Production segment had no impact on historically reported segment results and balances as this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (segment came into existence in fiscal 2016. Our Foods segment consists solely of our equity method investment in ) Tj ET Q q 0 0 0 rg BT 511.13 514.25 Td (V) Tj ET Q q 0 0 0 rg BT 517.24 514.25 Td (entura ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (Foods. Prior to ) Tj ET Q q 0 0 0 rg BT 111.68 502.25 Td (August 31, 2016, ) Tj ET Q q 0 0 0 rg BT 182.89 502.25 Td (V) Tj ET Q q 0 0 0 rg BT 189.00 502.25 Td (entura Foods was reported as a component of Corporate and Other) Tj ET Q q 0 0 0 rg BT 454.48 502.25 Td (. Reported segment results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (and balances prior to ) Tj ET Q q 0 0 0 rg BT 135.53 490.25 Td (August 31, 2016, have been revised to reflect the addition of the Foods segment. ) Tj ET Q q 0 0 0 rg BT 460.00 490.25 Td (There were no changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (to the composition of our Ener) Tj ET Q q 0 0 0 rg BT 172.29 478.25 Td (gy or ) Tj ET Q q 0 0 0 rg BT 195.07 478.25 Td (Ag segments as a result of the addition of the Nitrogen Production and Foods segments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (Corporate and Other primarily represents our non-consolidated wheat milling operations, as well as our business solutions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (operations, which primarily consists of commodities hedging, insurance and financial services related to crop production.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 430.25 Td (Corporate administrative expenses and interest are allocated to each business segment, and Corporate and Other) Tj ET Q q 0 0 0 rg BT 533.50 430.25 Td (, based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (on direct usage for services that can be tracked, such as information technology and legal, and other factors or considerations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (relevant to the costs incurred.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 382.25 Td (Many of our business activities are highly seasonal and operating results vary throughout the year) Tj ET Q q 0 0 0 rg BT 476.46 382.25 Td (. For example, in our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (Ag segment, our crop nutrients and country operations businesses generally experience higher volumes and income during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (spring planting season and in the fall, which corresponds to harvest. Our grain marketing operations are also subject to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (fluctuations in volume and earnings based on producer harvests, world grain prices and demand. Our Ener) Tj ET Q q 0 0 0 rg BT 474.97 346.25 Td (gy segment generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (experiences higher volumes and profitability in certain operating areas, such as refined products, in the summer and early fall ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (when gasoline and diesel fuel usage is highest and is subject to global supply and demand forces. Other ener) Tj ET Q q 0 0 0 rg BT 483.32 322.25 Td (gy products, such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (as propane, may experience higher volumes and profitability during the winter heating and crop drying seasons.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 286.25 Td (Our revenues, assets and cash flows can be significantly af) Tj ET Q q 0 0 0 rg BT 320.74 286.25 Td (fected by global market prices for commodities such as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (petroleum products, natural gas, grains, oilseeds, crop nutrients and flour) Tj ET Q q 0 0 0 rg BT 341.32 274.25 Td (. Changes in market prices for commodities that we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (purchase without a corresponding change in the selling prices of those products can af) Tj ET Q q 0 0 0 rg BT 394.43 262.25 Td (fect revenues and operating earnings. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (Commodity prices are af) Tj ET Q q 0 0 0 rg BT 148.96 250.25 Td (fected by a wide range of factors beyond our control, including the weather) Tj ET Q q 0 0 0 rg BT 449.83 250.25 Td (, crop damage due to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (disease or insects, drought, the availability and adequacy of supply) Tj ET Q q 0 0 0 rg BT 316.78 238.25 Td (, government regulations and policies, world events, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (general political and economic conditions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 202.25 Td (While our revenues and operating results are derived from businesses and operations which are wholly-owned and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (majority-owned, a portion of our business operations are conducted through companies in which we hold ownership interests of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.33 178.25 Td ( or less and do not control the operations. ) Tj ET Q q 0 0 0 rg BT 235.89 178.25 Td (W) Tj ET Q q 0 0 0 rg BT 244.53 178.25 Td (e account for these investments primarily using the equity method of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (accounting, wherein we record our proportionate share of income or loss reported by the entity as equity income from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (investments, without consolidating the revenues and expenses of the entity in our Consolidated Statements of Operations. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (our ) Tj ET Q q 0 0 0 rg BT 65.28 142.25 Td (Ag segment, this principally includes our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.75 142.25 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.08 142.25 Td ( ownership in ) Tj ET Q q 0 0 0 rg BT 307.84 142.25 Td (TEMCO. In our Nitrogen Production segment, this consists of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.83 130.25 Td (1) Tj ET Q q 0 0 0 rg BT 70.46 130.25 Td (1.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.29 130.25 Td ( membership interest \(based on product tons\) in CF Nitrogen. In our Foods segment, this consists of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.58 130.25 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.91 130.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (ownership in ) Tj ET Q q 0 0 0 rg BT 104.26 118.25 Td (V) Tj ET Q q 0 0 0 rg BT 110.37 118.25 Td (entura Foods. In Corporate and Other) Tj ET Q q 0 0 0 rg BT 259.93 118.25 Td (, this principally includes our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.36 118.25 Td (12%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.69 118.25 Td ( ownership in ) Tj ET Q q 0 0 0 rg BT 454.07 118.25 Td (Ardent Mills. See Note 4, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (Investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.21 106.25 Td ( for more information on these entities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 82.25 Td (Reconciling amounts represent the elimination of revenues between segments. Such transactions are executed at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.25 Td (market prices to more accurately evaluate the profitability of the individual business segments.) Tj ET Q endstream endobj 257 0 obj <>] /Rotate 0 /Contents 258 0 R>> endobj 258 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 9.00 Tf ET q 0 0 0 rg BT 161.35 762.50 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 193.95 762.50 Td (T) Tj ET Q q 0 0 0 rg BT 199.79 762.50 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 262.88 762.50 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 334.14 762.50 Td ( ST) Tj ET Q q 0 0 0 rg BT 346.73 762.50 Td (A) Tj ET Q q 0 0 0 rg BT 352.56 762.50 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 742.10 Td (Segment information for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.51 742.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.90 742.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.90 742.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.90 742.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.84 742.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.84 742.10 Td ( is presented in the tables below) Tj ET Q q 0 0 0 rg BT 511.93 742.10 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 697.60 141.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 697.60 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 697.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 697.60 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 697.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 697.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 697.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 697.60 49.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 697.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 697.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 697.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 697.60 43.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 697.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 697.60 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 668.60 141.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 668.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 668.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 668.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 668.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 668.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 668.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 668.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 668.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 668.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 668.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 668.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 668.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 668.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 638.60 141.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 638.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 638.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 638.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 638.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 638.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 638.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 638.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 638.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 638.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 638.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 638.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 638.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 638.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 608.60 141.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 608.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 608.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 608.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 608.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 608.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 608.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 608.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 608.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 608.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 608.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 608.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 608.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 608.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 578.60 141.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 578.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 578.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 578.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 578.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 578.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 578.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 578.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 578.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 578.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 578.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 578.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 578.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 578.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 548.60 141.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 548.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 548.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 548.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 548.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 548.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 548.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 548.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 548.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 548.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 548.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 548.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 548.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 548.60 52.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 712.6 m 242.5 712.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 712.6 m 297.5 712.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 712.6 m 348.5 712.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 712.6 m 401.5 712.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 712.6 m 458.5 712.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 712.6 m 505.5 712.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 712.6 m 561.5 712.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 593.6 m 242.5 593.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 593.6 m 297.5 593.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 593.6 m 348.5 593.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 593.6 m 401.5 593.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 593.6 m 458.5 593.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 593.6 m 561.5 593.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 579.6 m 242.5 579.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 577.6 m 242.5 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 579.6 m 297.5 579.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 577.6 m 297.5 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 579.6 m 348.5 579.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 577.6 m 348.5 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 579.6 m 401.5 579.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 577.6 m 401.5 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 579.6 m 458.5 579.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 577.6 m 458.5 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 593.6 m 505.5 593.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 579.6 m 505.5 579.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 577.6 m 505.5 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 579.6 m 561.5 579.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 577.6 m 561.5 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 564.6 m 242.5 564.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 562.6 m 242.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 577.6 m 297.5 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 579.6 m 297.5 579.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 564.6 m 297.5 564.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 562.6 m 297.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 577.6 m 348.5 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 579.6 m 348.5 579.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 564.6 m 348.5 564.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 562.6 m 348.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 577.6 m 401.5 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 579.6 m 401.5 579.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 564.6 m 401.5 564.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 562.6 m 401.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 577.6 m 458.5 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 579.6 m 458.5 579.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 564.6 m 458.5 564.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 562.6 m 458.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 564.6 m 505.5 564.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 562.6 m 505.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 564.6 m 561.5 564.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 562.6 m 561.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 562.6 m 242.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 564.6 m 242.5 564.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 549.6 m 242.5 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 547.6 m 242.5 547.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 562.6 m 297.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 564.6 m 297.5 564.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 549.6 m 297.5 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 547.6 m 297.5 547.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 562.6 m 348.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 564.6 m 348.5 564.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 549.6 m 348.5 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 547.6 m 348.5 547.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 562.6 m 401.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 564.6 m 401.5 564.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 549.6 m 401.5 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 547.6 m 401.5 547.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 562.6 m 458.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 564.6 m 458.5 564.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 549.6 m 458.5 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 547.6 m 458.5 547.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 562.6 m 505.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 564.6 m 505.5 564.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 549.6 m 505.5 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 547.6 m 505.5 547.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 549.6 m 561.5 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 547.6 m 561.5 547.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 534.6 m 242.5 534.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 532.6 m 242.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 534.6 m 297.5 534.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 532.6 m 297.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 534.6 m 348.5 534.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 532.6 m 348.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 534.6 m 401.5 534.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 532.6 m 401.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 534.6 m 458.5 534.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 532.6 m 458.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 547.6 m 505.5 547.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 549.6 m 505.5 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 534.6 m 505.5 534.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 532.6 m 505.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 534.6 m 561.5 534.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 532.6 m 561.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 519.6 m 242.5 519.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 517.6 m 242.5 517.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 519.6 m 297.5 519.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 517.6 m 297.5 517.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 519.6 m 348.5 519.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 517.6 m 348.5 517.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 532.6 m 401.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 534.6 m 401.5 534.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 519.6 m 401.5 519.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 517.6 m 401.5 517.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 519.6 m 458.5 519.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 517.6 m 458.5 517.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 532.6 m 505.5 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 534.6 m 505.5 534.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 519.6 m 505.5 519.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 517.6 m 505.5 517.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 519.6 m 561.5 519.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 517.6 m 561.5 517.6 l s BT /F2 7.00 Tf ET q 0 0 0 rg BT 205.10 716.66 Td (Energy) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 267.20 716.66 Td (Ag) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 311.30 723.66 Td (Nitrogen) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 307.80 716.66 Td (Production) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 367.55 716.66 Td (Foods) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 415.90 723.66 Td (Corporate) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 416.10 716.66 Td (and Other) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 466.00 723.66 Td (Reconciling) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 469.85 716.66 Td (Amounts) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.30 716.66 Td (Total) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 119.50 701.65 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 342.40 701.66 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 688.86 Td (For the year ended August 31, 2017:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 239.00 688.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.00 688.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.00 688.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 688.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 688.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 674.86 Td (Revenues) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 88.00 674.86 Td (............................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 193.00 673.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 203.00 673.06 Td (6,665,643) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 249.00 673.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 253.50 673.06 Td (25,598,706) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 304.00 673.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 336.00 673.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.00 673.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 389.00 673.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.00 673.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.25 673.06 Td (95,414) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 673.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 673.06 Td (\(425,012) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 673.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.00 673.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 517.50 673.06 Td (31,934,751) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 659.86 Td (Operating earnings \(loss\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 144.25 659.86 Td (...................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 214.25 658.06 Td (90,892) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 261.75 658.06 Td (\(222,724) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.00 658.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 317.25 658.06 Td (\(18,430) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.00 658.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.25 658.06 Td (\(10,783) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.00 658.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.25 658.06 Td (49,248) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 658.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.75 658.06 Td (\(111,797) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 658.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 644.86 Td (\(Gain\) loss on investments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 148.75 644.86 Td (.................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 230.00 643.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 273.75 643.06 Td (6,901) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 336.00 643.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 389.00 643.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.75 643.06 Td (\(2,332) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.00 643.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 643.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.75 643.06 Td (4,569) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 629.86 Td (Interest expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 110.50 629.86 Td (..................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 214.25 628.06 Td (18,365) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 269.25 628.06 Td (71,986) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.25 628.06 Td (48,893) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.50 628.06 Td (\(231) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.00 628.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.25 628.06 Td (33,481) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 628.06 Td (\(1,255) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 628.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.75 628.06 Td (171,239) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 614.86 Td (Other \(income\) loss) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 124.00 614.86 Td (............................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 215.75 613.06 Td (\(1,164) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 239.00 613.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.25 613.06 Td (\(63,481) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.00 613.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 317.25 613.06 Td (\(30,534) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.00 613.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 389.00 613.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.75 613.06 Td (\(1,491) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.00 613.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.75 613.06 Td (1,255) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 613.06 Td (\(95,415) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 613.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 599.86 Td (Equity \(income\) loss from) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 590.91 Td (investments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 97.00 590.91 Td (........................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 215.75 598.06 Td (\(3,181) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 239.00 598.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 270.75 598.06 Td (\(7,277) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.00 598.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 317.25 598.06 Td (\(66,530) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.00 598.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.25 598.06 Td (\(36,519) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.00 598.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.25 598.06 Td (\(23,831) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.00 598.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 598.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.75 598.06 Td (\(137,338) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 598.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 584.86 Td (Income \(loss\) before income taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 178.00 584.86 Td (....) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 193.00 583.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 214.25 583.06 Td (76,872) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 249.00 583.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 261.75 583.06 Td (\(230,853) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.00 583.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 304.00 583.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.25 583.06 Td (29,741) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.00 583.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 373.25 583.06 Td (25,967) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.00 583.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.25 583.06 Td (43,421) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 583.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 583.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.00 583.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 583.06 Td (\(54,852) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 583.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 569.86 Td (Intersegment revenues) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 135.25 569.86 Td (.......................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 193.00 568.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 206.75 568.06 Td (\(400,446) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 239.00 568.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 249.00 568.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.25 568.06 Td (\(20,313) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.00 568.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 304.00 568.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 336.00 568.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.00 568.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 389.00 568.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.00 568.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.75 568.06 Td (\(4,253) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.00 568.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 568.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 472.75 568.06 Td (425,012) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.00 568.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.00 568.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 554.86 Td (Capital expenditures) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 126.25 554.86 Td (...........................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 193.00 553.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 209.75 553.06 Td (260,543) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 249.00 553.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 264.75 553.06 Td (146,139) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 304.00 553.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 336.00 553.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.00 553.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 389.00 553.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.00 553.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.25 553.06 Td (37,715) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 553.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 553.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.00 553.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.75 553.06 Td (444,397) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 539.86 Td (Depreciation and amortization) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 162.25 539.86 Td (...........) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 193.00 538.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 209.75 538.06 Td (223,229) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 249.00 538.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 264.75 538.06 Td (232,443) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 304.00 538.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 336.00 538.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.00 538.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 389.00 538.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.00 538.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.25 538.06 Td (24,551) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 538.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 538.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.00 538.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.75 538.06 Td (480,223) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 524.86 Td (Total assets as of August 31, 2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 175.75 524.86 Td (.....) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 193.00 523.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 203.00 523.06 Td (4,304,001) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 249.00 523.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 258.00 523.06 Td (6,481,518) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 304.00 523.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 309.00 523.06 Td (2,781,610) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.00 523.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 368.75 523.06 Td (347,017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.00 523.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.00 523.06 Td (2,059,610) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 523.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 523.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.00 523.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 517.50 523.06 Td (15,973,756) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 471.60 141.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 471.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 471.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 471.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 471.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 471.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 471.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 471.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 471.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 471.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 471.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 471.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 471.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 471.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 441.60 141.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 441.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 441.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 441.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 441.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 441.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 441.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 441.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 441.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 441.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 441.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 441.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 441.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 441.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 411.60 141.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 411.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 411.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 411.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 411.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 411.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 411.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 411.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 411.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 411.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 411.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 411.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 411.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 411.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 381.60 141.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 381.60 52.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 381.60 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 381.60 51.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 381.60 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 381.60 47.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 381.60 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 381.60 49.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 381.60 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 381.60 53.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 381.60 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 381.60 43.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 381.60 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 381.60 52.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 344.60 141.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 344.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 344.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 344.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 344.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 344.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 344.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 344.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 344.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 344.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 344.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 344.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 344.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 344.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 314.60 141.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 314.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 314.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 314.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 314.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 314.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 314.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 314.60 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 314.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 314.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 314.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 314.60 43.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 314.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 314.60 52.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 486.6 m 242.5 486.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 486.6 m 297.5 486.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 486.6 m 348.5 486.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 486.6 m 401.5 486.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 486.6 m 458.5 486.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 486.6 m 505.5 486.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 486.6 m 561.5 486.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 359.6 m 242.5 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 359.6 m 297.5 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 359.6 m 348.5 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 359.6 m 401.5 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 359.6 m 458.5 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 359.6 m 505.5 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 359.6 m 561.5 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 359.6 m 348.5 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 345.6 m 348.5 345.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 343.6 m 348.5 343.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 359.6 m 401.5 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 345.6 m 401.5 345.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 343.6 m 401.5 343.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 343.6 m 242.5 343.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 345.6 m 242.5 345.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 343.6 m 297.5 343.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 345.6 m 297.5 345.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 343.6 m 348.5 343.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 345.6 m 348.5 345.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 330.6 m 348.5 330.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 328.6 m 348.5 328.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 343.6 m 401.5 343.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 345.6 m 401.5 345.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 330.6 m 401.5 330.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 328.6 m 401.5 328.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 343.6 m 458.5 343.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 345.6 m 458.5 345.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 343.6 m 505.5 343.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 345.6 m 505.5 345.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 343.6 m 561.5 343.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 345.6 m 561.5 345.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 328.6 m 242.5 328.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 330.6 m 242.5 330.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 328.6 m 297.5 328.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 330.6 m 297.5 330.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 328.6 m 348.5 328.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 330.6 m 348.5 330.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 315.6 m 348.5 315.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 313.6 m 348.5 313.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 328.6 m 401.5 328.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 330.6 m 401.5 330.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 315.6 m 401.5 315.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 313.6 m 401.5 313.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 328.6 m 458.5 328.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 330.6 m 458.5 330.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 328.6 m 505.5 328.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 330.6 m 505.5 330.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 328.6 m 561.5 328.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 330.6 m 561.5 330.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 313.6 m 242.5 313.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 315.6 m 242.5 315.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 313.6 m 297.5 313.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 315.6 m 297.5 315.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 313.6 m 348.5 313.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 315.6 m 348.5 315.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 300.6 m 348.5 300.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 298.6 m 348.5 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 313.6 m 401.5 313.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 315.6 m 401.5 315.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 300.6 m 401.5 300.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 298.6 m 401.5 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 313.6 m 458.5 313.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 315.6 m 458.5 315.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 313.6 m 505.5 313.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 315.6 m 505.5 315.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 313.6 m 561.5 313.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 315.6 m 561.5 315.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 298.6 m 242.5 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 300.6 m 242.5 300.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 285.6 m 242.5 285.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 283.6 m 242.5 283.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 298.6 m 297.5 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 300.6 m 297.5 300.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 285.6 m 297.5 285.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 283.6 m 297.5 283.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 298.6 m 348.5 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 300.6 m 348.5 300.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 285.6 m 348.5 285.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 283.6 m 348.5 283.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 298.6 m 401.5 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 300.6 m 401.5 300.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 285.6 m 401.5 285.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 283.6 m 401.5 283.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 298.6 m 458.5 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 300.6 m 458.5 300.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 285.6 m 458.5 285.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 283.6 m 458.5 283.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 298.6 m 505.5 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 300.6 m 505.5 300.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 285.6 m 505.5 285.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 283.6 m 505.5 283.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 298.6 m 561.5 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 300.6 m 561.5 300.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 285.6 m 561.5 285.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 283.6 m 561.5 283.6 l s BT /F2 7.00 Tf ET q 0 0 0 rg BT 205.10 490.66 Td (Energy) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 267.20 490.66 Td (Ag) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 311.30 497.66 Td (Nitrogen) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 307.80 490.66 Td (Production) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 367.55 490.66 Td (Foods) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 415.90 497.66 Td (Corporate) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 416.10 490.66 Td (and Other) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 466.00 497.66 Td (Reconciling) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 469.85 490.66 Td (Amounts) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 527.30 490.66 Td (Total) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 342.40 475.66 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 462.86 Td (For the year ended August 31, 2016:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 447.86 Td (Revenues) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 88.00 447.86 Td (............................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 193.00 446.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 203.00 446.06 Td (5,789,307) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 249.00 446.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 253.50 446.06 Td (24,849,634) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 304.00 446.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 336.00 446.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.00 446.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 389.00 446.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.00 446.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.25 446.06 Td (92,725) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 446.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 446.06 Td (\(384,463) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 446.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.00 446.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 517.50 446.06 Td (30,347,203) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 432.86 Td (Operating earnings \(loss\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 144.25 432.86 Td (...................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 209.75 431.06 Td (248,173) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 269.25 431.06 Td (52,334) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 321.75 431.06 Td (\(6,193) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.00 431.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 374.75 431.06 Td (\(7,719) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.00 431.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.25 431.06 Td (23,601) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 431.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.75 431.06 Td (310,196) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 417.86 Td (\(Gain\) loss on investments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 148.75 417.86 Td (.................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 230.00 416.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 270.75 416.06 Td (\(6,157) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.00 416.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 336.00 416.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 389.00 416.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.75 416.06 Td (\(3,095) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.00 416.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 416.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 416.06 Td (\(9,252) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 416.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 402.86 Td (Interest expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 110.50 402.86 Td (..................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.25 401.06 Td (\(22,244) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 239.00 401.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 269.25 401.06 Td (82,085) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.25 401.06 Td (34,437) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.75 401.06 Td (2,692) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.25 401.06 Td (27,955) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 401.06 Td (\(11,221) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 401.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.75 401.06 Td (113,704) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 387.86 Td (Other \(income\) loss) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 124.00 387.86 Td (............................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 222.50 386.06 Td (\(287) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 239.00 386.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.25 386.06 Td (\(46,886) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.00 386.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 336.00 386.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 389.00 386.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.75 386.06 Td (\(2,405) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.00 386.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.25 386.06 Td (11,221) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 386.06 Td (\(38,357) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 386.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 372.86 Td (Equity \(income\) loss from) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 363.86 Td (investments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 97.00 363.86 Td (........................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 215.75 364.06 Td (\(4,739) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 239.00 364.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 270.75 364.06 Td (\(7,644) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.00 364.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 317.25 364.06 Td (\(74,700) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.00 364.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.25 364.06 Td (\(75,175) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.00 364.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.25 364.06 Td (\(13,519) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.00 364.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 364.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.75 364.06 Td (\(175,777) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 364.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 350.86 Td (Income \(loss\) before income taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 178.00 350.86 Td (....) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 193.00 349.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 209.75 349.06 Td (275,443) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 249.00 349.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 269.25 349.06 Td (30,936) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 304.00 349.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 320.25 349.06 Td (34,070) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.00 349.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 373.25 349.06 Td (64,764) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.00 349.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.25 349.06 Td (14,665) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 349.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 349.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.00 349.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.75 349.06 Td (419,878) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 335.86 Td (Intersegment revenues) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 135.25 335.86 Td (.......................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 193.00 334.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 206.75 334.06 Td (\(341,765) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 239.00 334.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 249.00 334.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.25 334.06 Td (\(40,336) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.00 334.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 304.00 334.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 336.00 334.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.00 334.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 389.00 334.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.00 334.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.75 334.06 Td (\(2,362) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.00 334.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 334.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 472.75 334.06 Td (384,463) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.00 334.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.00 334.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 320.86 Td (Capital expenditures) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 126.25 320.86 Td (...........................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 193.00 319.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 209.75 319.06 Td (376,841) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 249.00 319.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 264.75 319.06 Td (260,865) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 304.00 319.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 336.00 319.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.00 319.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 389.00 319.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.00 319.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.25 319.06 Td (55,074) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 319.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 319.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.00 319.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.75 319.06 Td (692,780) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 305.86 Td (Depreciation and amortization) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 162.25 305.86 Td (...........) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 193.00 304.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 209.75 304.06 Td (193,525) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 249.00 304.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 264.75 304.06 Td (230,172) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 304.00 304.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 336.00 304.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.00 304.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 389.00 304.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.00 304.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.25 304.06 Td (23,795) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 304.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 304.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.00 304.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.75 304.06 Td (447,492) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 290.86 Td (Total assets as of August 31, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 175.75 290.86 Td (.....) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 193.00 289.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 203.00 289.06 Td (4,306,297) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 249.00 289.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 258.00 289.06 Td (7,002,916) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 304.00 289.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 309.00 289.06 Td (2,796,323) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.00 289.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 368.75 289.06 Td (369,487) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.00 289.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.00 289.06 Td (2,837,112) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 289.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 289.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.00 289.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 517.50 289.06 Td (17,312,135) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 225.60 140.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 189.50 225.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 225.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 225.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 225.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 225.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 225.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 225.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 225.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 225.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 225.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 225.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 195.60 140.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 189.50 195.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 195.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 195.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 195.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 195.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 195.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 195.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 195.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 195.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 195.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 195.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 165.60 140.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 189.50 165.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 165.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 165.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 165.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 165.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 165.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 165.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 165.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 165.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 165.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 165.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 135.60 140.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 189.50 135.60 58.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 135.60 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 135.60 59.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 135.60 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 135.60 59.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 135.60 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 135.60 58.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 135.60 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 135.60 59.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 135.60 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 135.60 59.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 98.60 140.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 189.50 98.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 98.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 98.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 98.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 98.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 98.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 98.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 98.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 98.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 98.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 98.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 68.60 140.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 189.50 68.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 68.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 68.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 68.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 68.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 68.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 68.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 68.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 68.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 68.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 68.60 59.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 189.5 240.60000000000002 m 247.5 240.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 240.60000000000002 m 310.5 240.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 240.60000000000002 m 373.5 240.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 240.60000000000002 m 435.5 240.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 240.60000000000002 m 498.5 240.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 240.60000000000002 m 561.5 240.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 189.5 113.60000000000002 m 247.5 113.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 113.60000000000002 m 310.5 113.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 113.60000000000002 m 373.5 113.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 113.60000000000002 m 435.5 113.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 113.60000000000002 m 498.5 113.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 113.60000000000002 m 561.5 113.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 189.5 113.60000000000002 m 247.5 113.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 189.5 99.60000000000002 m 247.5 99.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 189.5 97.60000000000002 m 247.5 97.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 113.60000000000002 m 310.5 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(Corporate) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 390.60 244.66 Td (and Other) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 451.00 251.66 Td (Reconciling) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 454.85 244.66 Td (Amounts) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 523.80 244.66 Td (Total) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 341.90 229.66 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 216.86 Td (For the year ended August 31, 2015:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 201.86 Td (Revenues) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 87.00 201.86 Td (............................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 192.00 200.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 208.00 200.06 Td (8,694,326) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 254.00 200.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.50 200.06 Td (26,311,350) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 317.00 200.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.00 200.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.00 200.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.25 200.06 Td (74,828) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 442.00 200.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 462.75 200.06 Td (\(498,062) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.00 200.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 505.00 200.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 517.50 200.06 Td (34,582,442) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 186.86 Td (Operating earnings \(loss\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 143.25 186.86 Td (...................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 214.75 185.06 Td (523,451) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.75 185.06 Td (190,860) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.75 185.06 Td (\(1,454) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.00 185.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.75 185.06 Td (2,555) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.00 185.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.75 185.06 Td (715,412) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 171.86 Td (\(Gain\) loss on investments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 150.00 171.86 Td (................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 235.00 170.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 283.75 170.06 Td (\(2,875) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 307.00 170.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.00 170.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.75 170.06 Td (\(2,364) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.00 170.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.00 170.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 170.06 Td (\(5,239) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 170.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 156.86 Td (Interest expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 111.75 156.86 Td (.................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 216.25 155.06 Td (\(12,328) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 244.00 155.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 282.25 155.06 Td (62,851) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 349.75 155.06 Td (3,854) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.25 155.06 Td (20,625) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.75 155.06 Td (\(4,343) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.00 155.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 155.06 Td (70,659) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 141.86 Td (Other \(income\) loss) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 125.25 141.86 Td (...........................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 232.00 140.06 Td (\(22) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 244.00 140.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 283.75 140.06 Td (\(6,471) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 307.00 140.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.00 140.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.75 140.06 Td (\(8,176) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.00 140.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.75 140.06 Td (4,343) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 140.06 Td (\(10,326) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 140.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 126.86 Td (Equity \(income\) loss from) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 117.86 Td (investments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 96.00 117.86 Td (........................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 220.75 118.06 Td (\(2,330) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 244.00 118.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.25 118.06 Td (\(12,293) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 307.00 118.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 342.25 118.06 Td (\(67,955) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.00 118.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.25 118.06 Td (\(25,272) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.00 118.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.00 118.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.75 118.06 Td (\(107,850) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 118.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 104.86 Td (Income \(loss\) before income taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 177.00 104.86 Td (....) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 192.00 103.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 214.75 103.06 Td (538,131) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 254.00 103.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.75 103.06 Td (149,648) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 317.00 103.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.25 103.06 Td (62,647) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.00 103.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.25 103.06 Td (17,742) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 442.00 103.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.00 103.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 505.00 103.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.75 103.06 Td (768,168) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 89.86 Td (Intersegment revenues) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 134.25 89.86 Td (.......................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 192.00 88.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.75 88.06 Td (\(483,989) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 244.00 88.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 254.00 88.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.25 88.06 Td (\(11,403) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 307.00 88.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 317.00 88.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.00 88.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.00 88.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 408.75 88.06 Td (\(2,670) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.00 88.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 442.00 88.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.75 88.06 Td (498,062) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 505.00 88.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.00 88.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 74.86 Td (Capital expenditures) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 127.50 74.86 Td (..........................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 192.00 73.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 214.75 73.06 Td (696,825) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 254.00 73.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.75 73.06 Td (417,950) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 317.00 73.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.00 73.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.00 73.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.25 73.06 Td (72,015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 442.00 73.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.00 73.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 505.00 73.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.00 73.06 Td (1,186,790) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 59.86 Td (Depreciation and amortization) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 163.50 59.86 Td (..........) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 192.00 58.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 214.75 58.06 Td (148,292) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 254.00 58.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.75 58.06 Td (192,438) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 317.00 58.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.00 58.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.00 58.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.25 58.06 Td (14,692) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 442.00 58.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.00 58.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 505.00 58.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.75 58.06 Td (355,422) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 259 0 obj <>] /Rotate 0 /Contents 260 0 R>> endobj 260 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 9.00 Tf ET q 0 0 0 rg BT 161.35 762.50 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 193.95 762.50 Td (T) Tj ET Q q 0 0 0 rg BT 199.79 762.50 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 262.88 762.50 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 334.14 762.50 Td ( ST) Tj ET Q q 0 0 0 rg BT 346.73 762.50 Td (A) Tj ET Q q 0 0 0 rg BT 352.56 762.50 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 730.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 730.10 Td (e have international sales, which are predominantly in our ) Tj ET Q q 0 0 0 rg BT 328.45 730.10 Td (Ag segment. ) Tj ET Q q 0 0 0 rg BT 381.32 730.10 Td (The following table presents our sales, based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (on the geographic locations in which the sales originated, for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.46 718.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.85 718.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.85 718.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.85 718.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.79 718.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.79 718.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 681.60 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 681.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 681.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 681.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 681.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 681.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 651.60 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 651.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 651.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 651.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 651.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 651.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 621.60 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 621.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 621.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 621.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 621.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 621.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 694.6 m 424.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 694.6 m 493.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 694.6 m 562.5 694.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 621.6 m 424.5 621.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 607.6 m 424.5 607.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 605.6 m 424.5 605.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 621.6 m 493.5 621.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 607.6 m 493.5 607.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 605.6 m 493.5 605.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 621.6 m 562.5 621.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 607.6 m 562.5 607.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 605.6 m 562.5 605.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.50 698.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 698.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 698.83 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 204.50 685.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.45 685.83 Td (\(Dollars in millions\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 671.27 Td (North America) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.50 671.17 Td (.................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 671.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 671.27 Td (24,634) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 671.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 671.27 Td (23,276) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 671.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 671.27 Td (27,821) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 656.27 Td (South America) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.50 656.17 Td (.................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 656.27 Td (1,441) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 656.27 Td (1,847) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 656.27 Td (1,529) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 641.27 Td (Europe, the Middle East and Africa \(EMEA\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.50 641.17 Td (.................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 641.27 Td (4,985) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 641.27 Td (4,166) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 641.27 Td (4,221) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 626.27 Td (Asia Pacific \(APAC\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.50 626.17 Td (.......................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 626.27 Td (875) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 626.27 Td (1,058) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 626.27 Td (1,011) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 611.27 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 611.17 Td (............................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 611.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 611.27 Td (31,935) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 611.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 611.27 Td (30,347) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 611.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 611.27 Td (34,582) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 583.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 583.10 Td (Included in North ) Tj ET Q q 0 0 0 rg BT 159.04 583.10 Td (American revenues are revenues from the United States of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.34 583.10 Td ($24.6 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.45 583.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.45 583.10 Td ($23.2 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.56 583.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.00 583.10 Td ($27.7 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 571.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.11 571.10 Td ( for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.91 571.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.31 571.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.31 571.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.31 571.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.24 571.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.24 571.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 342.91 571.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 547.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 547.10 Td (Long-lived assets include our property) Tj ET Q q 0 0 0 rg BT 239.75 547.10 Td (, plant and equipment, capital lease assets and capitalized major maintenance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 535.10 Td (costs. ) Tj ET Q q 0 0 0 rg BT 74.82 535.10 Td (The following table presents long-lived assets by geographical region:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 498.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 498.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 498.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 498.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 468.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 468.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 468.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 468.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 511.6 m 493.5 511.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 511.6 m 562.5 511.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 468.6 m 493.5 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 454.6 m 493.5 454.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 452.6 m 493.5 452.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 468.6 m 562.5 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 454.6 m 562.5 454.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 452.6 m 562.5 452.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 515.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 515.83 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 239.00 502.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.20 502.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 488.27 Td (United States) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.50 488.17 Td (...............................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 488.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 488.27 Td (5,359,270) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 488.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 488.27 Td (5,532,906) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 473.27 Td (International) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.00 473.17 Td (................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 473.27 Td (102,170) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 473.27 Td (124,471) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 458.27 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.50 458.17 Td (.......................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 458.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 458.27 Td (5,461,440) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 458.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 458.27 Td (5,657,377) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (Note 12 ) Tj ET Q q 0 0 0 rg BT 86.00 418.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 418.10 Td (Derivative Financial Instruments and Hedging ) Tj ET Q q 0 0 0 rg BT 322.84 418.10 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 394.10 Td (Our derivative instruments primarily consist of commodity and freight futures and forward contracts and, to a minor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (degree, may include foreign currency and interest rate swap contracts. ) Tj ET Q q 0 0 0 rg BT 332.47 382.10 Td (These contracts are economic hedges of price risk, but ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (we do not apply hedge accounting under ) Tj ET Q q 0 0 0 rg BT 214.12 370.10 Td (ASC ) Tj ET Q q 0 0 0 rg BT 235.89 370.10 Td (T) Tj ET Q q 0 0 0 rg BT 241.30 370.10 Td (opic 815, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 281.02 370.10 Td (Derivatives and Hedging) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.55 370.10 Td (, except with respect to certain interest rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (swap contracts which are accounted for as cash flow hedges or fair value hedges as described below) Tj ET Q q 0 0 0 rg BT 449.75 358.10 Td (. Derivative instruments are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (recorded on our Consolidated Balance Sheets at fair value as described in Note13, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 383.50 346.10 Td (Fair V) Tj ET Q q 0 0 0 rg BT 408.78 346.10 Td (alue Measur) Tj ET Q q 0 0 0 rg BT 458.68 346.10 Td (ements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.45 346.10 Td (.) Tj ET Q endstream endobj 261 0 obj <>] /Rotate 0 /Contents 262 0 R>> endobj 262 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 9.00 Tf ET q 0 0 0 rg BT 161.35 762.50 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 193.95 762.50 Td (T) Tj ET Q q 0 0 0 rg BT 199.79 762.50 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 262.88 762.50 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 334.14 762.50 Td ( ST) Tj ET Q q 0 0 0 rg BT 346.73 762.50 Td (A) Tj ET Q q 0 0 0 rg BT 352.56 762.50 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 742.10 Td (The following tables present the gross fair values of derivative assets, derivative liabilities, and mar) Tj ET Q q 0 0 0 rg BT 484.03 742.10 Td (gin deposits \(cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (collateral\) recorded on our Consolidated Balance Sheets along with the related amounts permitted to be of) Tj ET Q q 0 0 0 rg BT 474.40 730.10 Td (fset in accordance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (with U.S. GAAP) Tj ET Q q 0 0 0 rg BT 116.68 718.10 Td (. ) Tj ET Q q 0 0 0 rg BT 121.50 718.10 Td (W) Tj ET Q q 0 0 0 rg BT 130.14 718.10 Td (e have elected not to of) Tj ET Q q 0 0 0 rg BT 222.97 718.10 Td (fset derivative assets and liabilities when we have the right of of) Tj ET Q q 0 0 0 rg BT 479.65 718.10 Td (fset under ) Tj ET Q q 0 0 0 rg BT 521.31 718.10 Td (ASC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 706.10 Td (opic 210-20, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 108.46 706.10 Td (Balance Sheet - Offsetting;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.48 706.10 Td ( or when the instruments are subject to master netting arrangements under ) Tj ET Q q 0 0 0 rg BT 514.17 706.10 Td (ASC ) Tj ET Q q 0 0 0 rg BT 535.94 706.10 Td (T) Tj ET Q q 0 0 0 rg BT 541.35 706.10 Td (opic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (815-10-45, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 96.66 694.10 Td (Derivatives and Hedging - Overall) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.07 694.10 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 605.60 246.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 605.60 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 605.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 605.60 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 605.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 605.60 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 605.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 605.60 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 577.60 246.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 577.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 577.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 577.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 577.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 577.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 577.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 577.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 547.60 246.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 547.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 547.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 547.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 547.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 547.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 547.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 547.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 519.60 246.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 519.60 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 519.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 519.60 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 519.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 519.60 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 519.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 519.60 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 491.60 246.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 491.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 491.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 491.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 491.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 491.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 491.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 491.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 461.60 246.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 461.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 461.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 461.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 461.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 461.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 461.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 461.60 63.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 670.6 m 359.5 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 670.6 m 363.5 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 670.6 m 426.5 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 670.6 m 430.5 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 670.6 m 493.5 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 670.6 m 497.5 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 670.6 m 560.5 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 641.6 m 359.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 670.6 m 426.5 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 641.6 m 426.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 670.6 m 430.5 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 641.6 m 430.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 670.6 m 493.5 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 641.6 m 493.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 641.6 m 560.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 620.6 m 359.5 620.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 620.6 m 426.5 620.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 641.6 m 493.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 620.6 m 493.5 620.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 620.6 m 560.5 620.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 533.6 m 359.5 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 533.6 m 426.5 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 533.6 m 493.5 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 533.6 m 560.5 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 533.6 m 359.5 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 520.6 m 359.5 520.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 518.6 m 359.5 518.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 533.6 m 426.5 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 520.6 m 426.5 520.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 518.6 m 426.5 518.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 533.6 m 493.5 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 520.6 m 493.5 520.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 518.6 m 493.5 518.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 533.6 m 560.5 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 520.6 m 560.5 520.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 518.6 m 560.5 518.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 461.6 m 359.5 461.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 448.6 m 359.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 446.6 m 359.5 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 461.6 m 426.5 461.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 448.6 m 426.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 446.6 m 426.5 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 461.6 m 493.5 461.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 448.6 m 493.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 446.6 m 493.5 446.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 461.6 m 560.5 461.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 448.6 m 560.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 446.6 m 560.5 446.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.75 674.83 Td (August 31, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.20 661.83 Td (Amounts Not Offset on the) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 373.85 653.83 Td (Consolidated Balance Sheet but) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.70 645.83 Td (Eligible for Offsetting) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.20 632.83 Td (Gross Amounts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 307.90 624.83 Td (Recognized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.70 624.83 Td (Cash Collateral) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.70 632.83 Td (Derivative) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.60 624.83 Td (Instruments) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 506.15 624.83 Td (Net Amounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 610.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.20 609.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 596.33 Td (Derivative Assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 582.27 Td (Commodity and freight derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.50 582.17 Td (.......................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.00 582.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 582.27 Td (384,648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.00 582.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 582.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.00 582.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 582.27 Td (35,080) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 582.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 582.27 Td (349,568) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 567.27 Td (Foreign exchange derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.00 567.17 Td (................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.15 567.27 Td (8,771) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 567.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 567.27 Td (3,636) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 567.27 Td (5,135) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 552.27 Td (Interest rate derivatives - hedge) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.50 552.17 Td (.............................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.15 552.27 Td (9,978) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 552.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 552.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 552.27 Td (9,978) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 538.17 Td (Embedded derivative asset) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.50 538.17 Td (.....................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.15 538.17 Td (25,533) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 538.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 538.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 538.17 Td (25,533) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 524.17 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 524.17 Td (...................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.00 524.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 524.17 Td (428,930) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.00 524.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 524.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.00 524.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 524.17 Td (38,716) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 524.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 524.17 Td (390,214) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 510.33 Td (Derivative Liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 496.27 Td (Commodity and freight derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.50 496.17 Td (.......................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.00 496.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 496.27 Td (309,762) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.00 496.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 496.27 Td (3,898) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.00 496.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 496.27 Td (35,080) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 496.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 496.27 Td (270,784) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 481.27 Td (Foreign exchange derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.00 481.17 Td (................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.15 481.27 Td (19,931) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 481.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 481.27 Td (3,636) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 481.27 Td (16,295) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 466.27 Td (Interest rate derivatives - hedge) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.50 466.17 Td (.............................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.65 466.27 Td (707) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 466.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 466.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 466.27 Td (707) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 452.17 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 452.17 Td (...................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.00 452.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 452.17 Td (330,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.00 452.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 452.17 Td (3,898) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.00 452.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 452.17 Td (38,716) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 452.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 452.17 Td (287,786) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 347.60 246.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 347.60 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 347.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 347.60 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 347.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 347.60 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 347.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 347.60 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 319.60 246.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 319.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 319.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 319.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 319.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 319.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 319.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 319.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 289.60 246.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 289.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 289.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 289.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 289.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 289.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 289.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 289.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 262.60 246.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 262.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 262.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 262.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 262.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 262.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 262.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 262.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 232.60 246.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 232.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 232.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 232.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 232.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 232.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 232.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 232.60 63.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 412.6 m 359.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 412.6 m 363.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 412.6 m 426.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 412.6 m 430.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 412.6 m 493.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 412.6 m 497.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 412.6 m 560.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 383.6 m 359.5 383.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 412.6 m 426.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 383.6 m 426.5 383.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 412.6 m 430.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 383.6 m 430.5 383.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 412.6 m 493.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 383.6 m 493.5 383.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 383.6 m 560.5 383.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 362.6 m 359.5 362.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 362.6 m 426.5 362.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 383.6 m 493.5 383.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 362.6 m 493.5 362.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 362.6 m 560.5 362.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 289.6 m 359.5 289.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 276.6 m 359.5 276.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 274.6 m 359.5 274.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 289.6 m 426.5 289.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 276.6 m 426.5 276.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 274.6 m 426.5 274.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 289.6 m 493.5 289.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 276.6 m 493.5 276.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 274.6 m 493.5 274.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 289.6 m 560.5 289.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 276.6 m 560.5 276.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 274.6 m 560.5 274.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 217.60000000000002 m 359.5 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 217.60000000000002 m 426.5 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 217.60000000000002 m 493.5 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 217.60000000000002 m 359.5 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 204.60000000000002 m 359.5 204.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 202.60000000000002 m 359.5 202.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 217.60000000000002 m 426.5 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 204.60000000000002 m 426.5 204.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 202.60000000000002 m 426.5 202.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 217.60000000000002 m 493.5 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 204.60000000000002 m 493.5 204.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 202.60000000000002 m 493.5 202.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 217.60000000000002 m 560.5 217.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 204.60000000000002 m 560.5 204.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 202.60000000000002 m 560.5 202.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.75 416.83 Td (August 31, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.20 403.83 Td (Amounts Not Offset on the) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 373.85 395.83 Td (Consolidated Balance Sheet but) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.70 387.83 Td (Eligible for Offsetting) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.20 374.83 Td (Gross Amounts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 307.90 366.83 Td (Recognized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.70 366.83 Td (Cash Collateral) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.70 374.83 Td (Derivative) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.60 366.83 Td (Instruments) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 506.15 366.83 Td (Net Amounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 352.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.20 351.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 338.33 Td (Derivative Assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 324.27 Td (Commodity and freight derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.50 324.17 Td (.......................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.00 324.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 324.27 Td (500,192) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.00 324.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 324.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.00 324.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 324.27 Td (23,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 324.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 324.27 Td (476,503) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 309.27 Td (Foreign exchange derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.00 309.17 Td (................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.15 309.27 Td (21,551) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 309.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 309.27 Td (9,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 309.27 Td (12,364) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 294.27 Td (Interest rate derivatives - hedge) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.50 294.17 Td (.............................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.15 294.27 Td (22,078) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 294.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 294.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 294.27 Td (22,078) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 280.17 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 280.17 Td (...................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.00 280.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 280.17 Td (543,821) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.00 280.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 280.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.00 280.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 280.17 Td (32,876) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 280.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 280.17 Td (510,945) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 266.33 Td (Derivative Liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 252.27 Td (Commodity and freight derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.50 252.17 Td (.......................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.00 252.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 252.27 Td (491,302) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.00 252.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.65 252.27 Td (811) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.00 252.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 252.27 Td (23,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 252.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 252.27 Td (466,802) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 237.27 Td (Foreign exchange derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.00 237.17 Td (................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.15 237.27 Td (22,289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 237.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 237.27 Td (9,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 237.27 Td (13,102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 222.27 Td (Interest rate derivatives - non-hedge) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.00 222.17 Td (......................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 222.27 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 222.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 222.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.65 222.27 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 208.17 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 208.17 Td (...................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.00 208.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 208.17 Td (513,599) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.00 208.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.65 208.17 Td (811) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.00 208.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 208.17 Td (32,876) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 208.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 208.17 Td (479,912) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 180.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 180.10 Td (Derivative assets and liabilities with maturities of less than 12 months are recorded in derivative assets and derivative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 168.10 Td (liabilities, respectively) Tj ET Q q 0 0 0 rg BT 139.88 168.10 Td (, on the Consolidated Balance Sheets. Derivative assets and liabilities with maturities greater than 12 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 156.10 Td (months are recorded in other assets and other liabilities, respectively) Tj ET Q q 0 0 0 rg BT 323.15 156.10 Td (, on the Consolidated Balance Sheets. ) Tj ET Q q 0 0 0 rg BT 476.27 156.10 Td (The amount of long-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 144.10 Td (term derivative assets recorded on the Balance Sheet at ) Tj ET Q q 0 0 0 rg BT 272.41 144.10 Td (August 31, 2017, was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.86 144.10 Td ($196.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.75 144.10 Td (. ) Tj ET Q q 0 0 0 rg BT 425.57 144.10 Td (The amount of long-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 132.10 Td (derivative liabilities recorded on the Consolidated Balance Sheet at ) Tj ET Q q 0 0 0 rg BT 320.75 132.10 Td (August 31, 2017, was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.19 132.10 Td ($14.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.08 132.10 Td (. Long-term derivatives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 120.10 Td (as of ) Tj ET Q q 0 0 0 rg BT 71.11 120.10 Td (August 31, 2016, were not material.) Tj ET Q endstream endobj 263 0 obj <>] /Rotate 0 /Contents 264 0 R>> endobj 264 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 9.00 Tf ET q 0 0 0 rg BT 161.35 762.50 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 193.95 762.50 Td (T) Tj ET Q q 0 0 0 rg BT 199.79 762.50 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 262.88 762.50 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 334.14 762.50 Td ( ST) Tj ET Q q 0 0 0 rg BT 346.73 762.50 Td (A) Tj ET Q q 0 0 0 rg BT 352.56 762.50 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-39) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Derivatives Not Designated as Hedging Instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 718.25 Td (The majority of our derivative instruments have not been designated as hedging instruments. ) Tj ET Q q 0 0 0 rg BT 459.06 718.25 Td (The following table sets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (forth the pretax gains \(losses\) on derivatives not accounted for as hedging instruments that have been included in our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (Consolidated Statements of Operations for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.16 694.25 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.55 694.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.55 694.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.55 694.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.49 694.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.49 694.25 Td (. ) Tj ET Q q 0 0 0 rg BT 425.31 694.25 Td (W) Tj ET Q q 0 0 0 rg BT 433.95 694.25 Td (e have revised the information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (that we have historically included in this table below to correct for errors in the previously disclosed amounts for fiscal 2015. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (Although such gains and losses have been and continue to be appropriately recorded in the Consolidated Statements of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (Operations, the previous disclosures for fiscal 2015 did not accurately reflect the derivative gains and losses in each period. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (These revisions did not materially impact our consolidated financial statements for fiscal 2015. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 601.75 238.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 601.75 103.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 601.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 601.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 601.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 601.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 601.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 601.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 571.75 238.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 571.75 103.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 571.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 571.75 52.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 571.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 571.75 52.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 571.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 571.75 54.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 531.75 238.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 531.75 103.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 531.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 531.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 531.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 531.75 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 531.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 531.75 54.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 614.75 m 391.5 614.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 614.75 m 447.5 614.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 614.75 m 503.5 614.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 614.75 m 561.5 614.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 516.75 m 447.5 516.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 502.75 m 447.5 502.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 500.75 m 447.5 500.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 516.75 m 503.5 516.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 502.75 m 503.5 502.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 500.75 m 503.5 500.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 516.75 m 561.5 516.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 502.75 m 561.5 502.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 500.75 m 561.5 500.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 320.05 626.98 Td (Location of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 319.60 618.98 Td (Gain \(Loss\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.00 618.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.00 618.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.00 618.98 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 169.00 606.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.50 606.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.20 605.98 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 591.42 Td (Commodity and freight derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.00 591.32 Td (....................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 591.42 Td (Cost of goods sold) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.00 591.32 Td (........) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.00 591.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.10 591.42 Td (208,199) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.00 591.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 591.47 Td (\(49,975) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 591.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.00 591.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 591.42 Td (143,314) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 576.42 Td (Foreign exchange derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.50 576.32 Td (.............................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 576.42 Td (Cost of goods sold) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.00 576.32 Td (........) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.80 576.47 Td (\(13,140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 576.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 576.47 Td (\(10,904) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 576.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 576.42 Td (8,962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 551.42 Td (Foreign exchange derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.50 551.32 Td (.............................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 561.42 Td (Marketing, general and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 551.42 Td (administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.50 551.32 Td (...............) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.80 551.47 Td (\(1,604) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 551.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 551.47 Td (\(97) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 551.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 551.42 Td (3,589) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 536.42 Td (Interest rate derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.50 536.32 Td (.......................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 536.42 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.00 536.32 Td (............) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.65 536.42 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 536.47 Td (\(6,292) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 536.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 536.42 Td (107) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 521.42 Td (Embedded derivative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.00 521.32 Td (..........................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 521.42 Td (Other income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.50 521.32 Td (.......) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 521.42 Td (30,538) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 521.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 521.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 506.42 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.50 506.32 Td (...............................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 506.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 506.32 Td (......................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.00 506.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.10 506.42 Td (224,001) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.00 506.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 506.47 Td (\(67,268) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.65 506.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.00 506.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 506.42 Td (155,972) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 478.25 Td (Commodity and Fr) Tj ET Q q 0 0 0 rg BT 143.74 478.25 Td (eight Contracts:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 454.25 Td (When we enter a commodity purchase or sales commitment, we are exposed to risks related to price changes and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (performance including delivery) Tj ET Q q 0 0 0 rg BT 175.41 442.25 Td (, quality) Tj ET Q q 0 0 0 rg BT 207.53 442.25 Td (, quantity and shipment period. If market prices decrease, we are exposed to risk of loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (in the market value of inventory and purchase contracts with a fixed or partially fixed price. Conversely) Tj ET Q q 0 0 0 rg BT 464.48 430.25 Td (, we are exposed to risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (of loss on our fixed or partially fixed price sales contracts if market prices increase.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 394.25 Td (Our use of hedging reduces the exposure to price volatility by protecting against adverse short-term price movements, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (but it also limits the benefits of favorable short-term price movements. ) Tj ET Q q 0 0 0 rg BT 334.75 382.25 Td (T) Tj ET Q q 0 0 0 rg BT 340.16 382.25 Td (o reduce the price risk associated with fixed price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (commitments, we generally enter into commodity derivative contracts, to the extent practical, to achieve a net commodity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (position within the formal position limits we have established and deemed prudent for each commodity) Tj ET Q q 0 0 0 rg BT 462.59 358.25 Td (. ) Tj ET Q q 0 0 0 rg BT 467.41 358.25 Td (These contracts are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (primarily transacted on regulated commodity futures exchanges but may also include over) Tj ET Q q 0 0 0 rg BT 410.52 346.25 Td (-the-counter derivative instruments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (when deemed appropriate. For commodities where there is no liquid derivative contract, risk is managed using forward sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (contracts, other pricing arrangements and, to some extent, futures contracts in highly correlated commodities. ) Tj ET Q q 0 0 0 rg BT 490.23 322.25 Td (These contracts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (are economic hedges of price risk, but are not designated as hedging instruments for accounting purposes. ) Tj ET Q q 0 0 0 rg BT 475.81 310.25 Td (The contracts are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (recorded on our Consolidated Balance Sheets at fair values based on quotes listed on regulated commodity exchanges or the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (market prices of the underlying products listed on the exchanges, except that fertilizer and propane contracts are accounted for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (as normal purchase and normal sales transactions. Unrealized gains and losses on these contracts are recognized in cost of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (goods sold in our Consolidated Statements of Operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 242.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 242.25 Td (When a futures position is established, initial mar) Tj ET Q q 0 0 0 rg BT 284.11 242.25 Td (gin must be deposited with the applicable exchange or broker) Tj ET Q q 0 0 0 rg BT 529.32 242.25 Td (. ) Tj ET Q q 0 0 0 rg BT 534.13 242.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 230.25 Td (amount of mar) Tj ET Q q 0 0 0 rg BT 108.69 230.25 Td (gin required varies by commodity and is set by the applicable exchange at its sole discretion. If the market price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 218.25 Td (relative to a short futures position increases, an additional mar) Tj ET Q q 0 0 0 rg BT 298.63 218.25 Td (gin deposit would be required. Similarly) Tj ET Q q 0 0 0 rg BT 459.62 218.25 Td (, a mar) Tj ET Q q 0 0 0 rg BT 486.93 218.25 Td (gin deposit would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 206.25 Td (be required if the market price relative to a long futures position decreases. Conversely) Tj ET Q q 0 0 0 rg BT 397.00 206.25 Td (, if the market price increases relative to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 194.25 Td (a long futures position or decreases relative to a short futures position, mar) Tj ET Q q 0 0 0 rg BT 348.91 194.25 Td (gin deposits may be returned by the applicable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 182.25 Td (exchange or broker) Tj ET Q q 0 0 0 rg BT 126.63 182.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 162.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 162.25 Td (Our policy is to manage our commodity price risk exposure according to internal polices and in alignment with our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 150.25 Td (tolerance for risk. Our profitability from operations is primarily derived from mar) Tj ET Q q 0 0 0 rg BT 376.39 150.25 Td (gins on products sold and grain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 138.25 Td (merchandised, not from hedging transactions. ) Tj ET Q q 0 0 0 rg BT 234.68 138.25 Td (At any one time, inventory and purchase contracts for delivery to us may be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 126.25 Td (substantial. ) Tj ET Q q 0 0 0 rg BT 97.59 126.25 Td (W) Tj ET Q q 0 0 0 rg BT 106.23 126.25 Td (e have risk management policies and procedures that include established net position limits. ) Tj ET Q q 0 0 0 rg BT 475.95 126.25 Td (These limits are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 114.25 Td (defined for each commodity and business unit, and may include both trader and management limits as appropriate. ) Tj ET Q q 0 0 0 rg BT 511.07 114.25 Td (The limits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 102.25 Td (policy is overseen at a high level by our corporate compliance team, with day to day monitoring procedures managed within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 90.25 Td (each individual business unit to ensure any limits overage is explained and exposures reduced or a temporary limit increase is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 78.25 Td (established if needed. ) Tj ET Q q 0 0 0 rg BT 138.68 78.25 Td (The position limits are reviewed, at least annually) Tj ET Q q 0 0 0 rg BT 337.41 78.25 Td (, with senior leadership and the Board of Directors. ) Tj ET Q q 0 0 0 rg BT 544.67 78.25 Td (W) Tj ET Q q 0 0 0 rg BT 553.31 78.25 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 66.25 Td (monitor current market conditions and may expand or reduce our net position limits or procedures in response to changes in ) Tj ET Q endstream endobj 265 0 obj <>] /Rotate 0 /Contents 266 0 R>> endobj 266 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 9.00 Tf ET q 0 0 0 rg BT 161.35 762.50 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 193.95 762.50 Td (T) Tj ET Q q 0 0 0 rg BT 199.79 762.50 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 262.88 762.50 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 334.14 762.50 Td ( ST) Tj ET Q q 0 0 0 rg BT 346.73 762.50 Td (A) Tj ET Q q 0 0 0 rg BT 352.56 762.50 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (those conditions. In addition, all purchase and sales contracts are subject to credit approvals and appropriate terms and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (conditions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 710.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 710.10 Td (The use of hedging instruments does not protect against nonperformance by counterparties to cash contracts. ) Tj ET Q q 0 0 0 rg BT 522.91 710.10 Td (W) Tj ET Q q 0 0 0 rg BT 531.55 710.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 698.10 Td (evaluate counterparty exposure by reviewing contracts and adjusting the values to reflect potential nonperformance. Risk of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 686.10 Td (nonperformance by counterparties includes the inability to perform because of a counterparty) Tj ET Q q 0 0 0 rg BT 426.25 686.10 Td (s financial condition and the risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 674.10 Td (that the counterparty will refuse to perform on a contract during periods of price fluctuations where contract prices are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 662.10 Td (significantly dif) Tj ET Q q 0 0 0 rg BT 113.42 662.10 Td (ferent than the current market prices. ) Tj ET Q q 0 0 0 rg BT 263.44 662.10 Td (W) Tj ET Q q 0 0 0 rg BT 272.08 662.10 Td (e manage these risks by entering into fixed price purchase and sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 650.10 Td (contracts with preapproved producers and by establishing appropriate limits for individual suppliers. Fixed price contracts are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 638.10 Td (entered into with customers of acceptable creditworthiness, as internally evaluated. Regarding our use of derivatives, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 626.10 Td (primarily transact in exchange traded instruments or enter into over) Tj ET Q q 0 0 0 rg BT 319.43 626.10 Td (-the-counter derivatives that clear through a designated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 614.10 Td (clearing or) Tj ET Q q 0 0 0 rg BT 92.85 614.10 Td (ganization, which limits our counterparty exposure relative to hedging activities. Historically) Tj ET Q q 0 0 0 rg BT 464.32 614.10 Td (, we have not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 602.10 Td (experienced significant events of nonperformance on open contracts. ) Tj ET Q q 0 0 0 rg BT 327.39 602.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 376.73 602.10 Td (, we only adjust the estimated fair values of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 590.10 Td (specifically identified contracts for nonperformance. ) Tj ET Q q 0 0 0 rg BT 262.13 590.10 Td (Although we have established policies and procedures, we make no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 578.10 Td (assurances that historical nonperformance experience will carry forward to future periods. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 558.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 558.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.89 558.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.28 558.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.22 558.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.22 558.10 Td (, we had outstanding commodity futures, options and freight contracts that were used ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 546.10 Td (as economic hedges, as well as fixed-price forward contracts related to physical purchases and sales of commodities. ) Tj ET Q q 0 0 0 rg BT 519.38 546.10 Td (The table ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 534.10 Td (below presents the notional volumes for all outstanding commodity and freight contracts accounted for as derivative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 522.10 Td (instruments. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 472.60 238.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 472.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 472.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 472.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 472.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 472.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 472.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 472.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 442.60 238.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 442.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 442.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 442.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 442.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 442.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 442.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 442.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 412.60 238.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 412.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 412.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 412.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 412.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 412.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 412.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 412.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 382.60 238.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 382.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 382.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 382.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 382.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 382.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 382.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 382.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 498.6 m 353.5 498.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 498.6 m 357.5 498.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 498.6 m 422.5 498.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 498.6 m 491.5 498.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 498.6 m 495.5 498.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 498.6 m 560.5 498.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 485.6 m 353.5 485.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 485.6 m 422.5 485.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 485.6 m 491.5 485.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 485.6 m 560.5 485.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 169.00 502.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.00 502.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.00 502.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 311.60 489.83 Td (Long) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 379.90 489.83 Td (Short) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.60 489.83 Td (Long) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.90 489.83 Td (Short) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 169.00 476.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 389.50 476.83 Td (\(Units in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 462.27 Td (Grain and oilseed - bushels) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.50 462.17 Td (.................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.50 462.27 Td (570,673) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.50 462.27 Td (768,540) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 462.27 Td (774,279) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.50 462.27 Td (995,396) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 447.27 Td (Energy products - barrels) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.00 447.17 Td (....................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.50 447.27 Td (15,072) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.50 447.27 Td (18,252) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.50 447.27 Td (14,740) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.50 447.27 Td (6,470) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 432.27 Td (Processed grain and oilseed - tons) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.00 432.17 Td (......................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 432.27 Td (299) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.50 432.27 Td (2,347) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.00 432.27 Td (541) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.50 432.27 Td (2,060) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 417.27 Td (Crop nutrients - tons) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.50 417.17 Td (...........................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 417.27 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.00 417.27 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.00 417.27 Td (108) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.00 417.27 Td (135) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 402.27 Td (Ocean and barge freight - metric tons) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.50 402.17 Td (.................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.50 402.27 Td (2,777) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.50 402.27 Td (1,766) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.50 402.27 Td (4,406) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.00 402.27 Td (877) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 387.27 Td (Rail freight - rail cars) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.00 387.17 Td (..........................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 387.27 Td (176) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.00 387.27 Td (75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.00 387.27 Td (205) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.00 387.27 Td (79) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 372.27 Td (Natural gas - MMBtu) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.00 372.17 Td (..........................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 372.27 Td (500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 372.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 372.27 Td (3,550) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 372.27 Td (300) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 344.10 Td (For) Tj ET Q q 0 0 0 rg BT 82.63 344.10 Td (eign Exchange Contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 320.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 320.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 320.10 Td (e conduct a substantial portion of our business in U.S.dollars, but we are exposed to immaterial risks relating to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 308.10 Td (foreign currency fluctuations primarily due to grain marketing transactions in South ) Tj ET Q q 0 0 0 rg BT 387.41 308.10 Td (America and Europe, and purchases of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 296.10 Td (products from Canada. ) Tj ET Q q 0 0 0 rg BT 143.68 296.10 Td (W) Tj ET Q q 0 0 0 rg BT 152.32 296.10 Td (e use foreign currency derivative instruments to mitigate the impact of exchange rate fluctuations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 284.10 Td (Although our overall risk relating to foreign currency transactions is not significant, exchange rate fluctuations do, however) Tj ET Q q 0 0 0 rg BT 544.45 284.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 272.10 Td (impact the ability of foreign buyers to purchase U.S. agricultural products and the competitiveness of U.S. agricultural products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 260.10 Td (compared to the same products of) Tj ET Q q 0 0 0 rg BT 185.05 260.10 Td (fered by alternative sources of world supply) Tj ET Q q 0 0 0 rg BT 360.46 260.10 Td (. ) Tj ET Q q 0 0 0 rg BT 365.28 260.10 Td (The notional amounts of our foreign exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 248.10 Td (derivative contracts were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.00 248.10 Td ($776.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.89 248.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.33 248.10 Td ($802.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.22 248.10 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.83 248.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.22 248.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.61 248.10 Td (August31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.00 248.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 520.66 248.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 224.10 Td (Embedded Derivative ) Tj ET Q q 0 0 0 rg BT 157.23 224.10 Td (Asset) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 200.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 200.10 Td (Under the terms of our strategic investment in CF Nitrogen, if CF Industries' credit rating is reduced below certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 188.10 Td (levels by two of three specified credit ratings agencies, we are entitled to receive a non-refundable annual payment of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.58 188.10 Td ($5.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 176.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 176.10 Td ( from CF Industries. ) Tj ET Q q 0 0 0 rg BT 162.32 176.10 Td (The payment would continue on an annual basis until the date that CF Industries' credit rating is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 164.10 Td (upgraded to or above certain levels by two of the three specified credit ratings agencies or February 1, 2026, whichever is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 152.10 Td (earlier) Tj ET Q q 0 0 0 rg BT 74.98 152.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 135.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 135.10 Td (During the three months ended November 30, 2016, CF Industries' credit rating was reduced below the specified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 123.10 Td (levels and we recorded a gain of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.88 123.10 Td ($29.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.78 123.10 Td ( in other income \(loss\) in our Consolidated Statement of Operations. During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 111.10 Td (November 2016, we received a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.17 111.10 Td ($5.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.06 111.10 Td ( payment from CF Industries, which reduced the fair value of the associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 99.10 Td (embedded derivative asset to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.29 99.10 Td ($24.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.18 99.10 Td ( as of November 30, 2016. CF Industries' credit rating has not changed from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 87.10 Td (November 30, 2016. In addition, during fiscal 2017, we recorded adjustments of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.81 87.10 Td ($1.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.71 87.10 Td ( in other income \(loss\) in our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 75.10 Td (Consolidated Statement of Operations to reflect the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.00 75.10 Td ($25.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.89 75.10 Td ( fair value of the embedded derivative asset on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 63.10 Td (Consolidated Balance Sheet as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.80 63.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.19 63.10 Td (. ) Tj ET Q q 0 0 0 rg BT 257.01 63.10 Td (The current and long-term portions of the embedded derivative asset are ) Tj ET Q endstream endobj 267 0 obj <>] /Rotate 0 /Contents 268 0 R>> endobj 268 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 9.00 Tf ET q 0 0 0 rg BT 161.35 762.50 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 193.95 762.50 Td (T) Tj ET Q q 0 0 0 rg BT 199.79 762.50 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 262.88 762.50 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 334.14 762.50 Td ( ST) Tj ET Q q 0 0 0 rg BT 346.73 762.50 Td (A) Tj ET Q q 0 0 0 rg BT 352.56 762.50 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (included in derivative assets and other assets on our Consolidated Balance Sheet, respectively) Tj ET Q q 0 0 0 rg BT 424.52 742.10 Td (. See Note 13, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 483.40 742.10 Td (Fair V) Tj ET Q q 0 0 0 rg BT 508.68 742.10 Td (alue ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Measur) Tj ET Q q 0 0 0 rg BT 80.18 730.10 Td (ements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.95 730.10 Td ( for more information on the valuation of the embedded derivative.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 713.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 701.10 Td (Derivatives Designated as Cash Flow or Fair V) Tj ET Q q 0 0 0 rg BT 243.63 701.10 Td (alue Hedging Strategies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 677.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.89 677.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.28 677.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.22 677.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.22 677.10 Td (, we have certain derivatives designated as cash flow and fair value hedges.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 653.10 Td (Inter) Tj ET Q q 0 0 0 rg BT 87.07 653.10 Td (est Rate Contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 629.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 629.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 629.10 Td (e have outstanding interest rate swaps with an aggregate notional amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.66 629.10 Td ($495.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.55 629.10 Td ( designated as fair value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 617.10 Td (hedges of portions of our fixed-rate debt. Our objective in entering into these transactions is to of) Tj ET Q q 0 0 0 rg BT 438.33 617.10 Td (fset changes in the fair value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 605.10 Td (of the debt associated with the risk of variability in the 3-month U.S. dollar LIBOR interest rate, in essence converting the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 593.10 Td (fixed-rate debt to variable-rate debt. Of) Tj ET Q q 0 0 0 rg BT 206.96 593.10 Td (fsetting changes in the fair values of both the swap instruments and the hedged debt are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 581.10 Td (recorded contemporaneously each period and only create an impact to earnings to the extent that the hedge is inef) Tj ET Q q 0 0 0 rg BT 504.09 581.10 Td (fective. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 569.10 Td (During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.97 569.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.36 569.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.30 569.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.30 569.10 Td (, we recorded of) Tj ET Q q 0 0 0 rg BT 318.09 569.10 Td (fsetting fair value adjustments of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.22 569.10 Td ($12.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.11 569.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.55 569.10 Td ($9.8 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 557.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 557.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 131.55 557.10 Td (, with no inef) Tj ET Q q 0 0 0 rg BT 184.70 557.10 Td (fectiveness recorded in earnings.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 533.10 Td (In fiscal 2015, we entered into forward-starting interest rate swaps with an aggregate notional amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.14 533.10 Td ($300.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 521.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 521.10 Td ( designated as cash flow hedges of the expected variability of future interest payments on our anticipated issuance of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 509.10 Td (fixed-rate debt. During the first quarter of fiscal 2016, we determined that certain of the anticipated debt issuances would be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 497.10 Td (delayed; and we consequently recorded an immaterial amount of losses on the inef) Tj ET Q q 0 0 0 rg BT 380.26 497.10 Td (fective portion of the related swaps in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 485.10 Td (earnings. ) Tj ET Q q 0 0 0 rg BT 88.33 485.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 138.23 485.10 Td (, we paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.10 485.10 Td ($6.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.00 485.10 Td ( in cash to settle ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.92 485.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.92 485.10 Td ( of the interest rate swaps upon their scheduled termination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 473.10 Td (dates. During the second quarter of fiscal 2016, we settled an additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.36 473.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.36 473.10 Td ( interest rate swaps, paying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.43 473.10 Td ($5.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.33 473.10 Td ( in cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 461.10 Td (upon their scheduled termination. In January 2016, we issued the fixed-rate debt associated with these swaps and will amortize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 449.10 Td (the amounts which were previously deferred to other comprehensive income into earnings over the life of the debt. ) Tj ET Q q 0 0 0 rg BT 511.61 449.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 437.10 Td (amounts to be included in earnings are not expected to be material during any 12-month period. During the third quarter of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 425.10 Td (fiscal 2016, we settled the remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.68 425.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.68 425.10 Td ( interest rate swaps, paying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.76 425.10 Td ($5.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 425.10 Td ( in cash upon their scheduled termination. ) Tj ET Q q 0 0 0 rg BT 544.42 425.10 Td (W) Tj ET Q q 0 0 0 rg BT 553.06 425.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 413.10 Td (did not issue additional fixed-rate debt as previously planned, and we reclassified all amounts previously recorded to other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 401.10 Td (comprehensive income into earnings. ) Tj ET Q q 0 0 0 rg BT 201.35 401.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.24 401.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.63 401.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.57 401.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.57 401.10 Td (, we had no outstanding cash flow hedges.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 377.10 Td (The following table presents the pretax gains \(losses\) recorded in other comprehensive income relating to cash flow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 365.10 Td (hedges for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.57 365.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.96 365.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.96 365.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.96 365.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.90 365.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.90 365.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 320.60 342.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 320.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 320.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 320.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 320.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 320.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 320.60 54.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 333.6 m 448.5 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 333.6 m 504.5 333.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 333.6 m 562.5 333.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 337.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.00 337.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.00 337.83 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 221.00 324.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.20 324.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 310.27 Td (Interest rate derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.00 310.17 Td (................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.00 310.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 310.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.00 310.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.80 310.32 Td (\(10,070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 310.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 310.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 310.32 Td (\(4,078) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 310.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 282.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 282.10 Td (The following table presents the pretax gains \(losses\) relating to cash flow hedges that were reclassified from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 270.10 Td (accumulated other comprehensive loss into income for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.46 270.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.85 270.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.85 270.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.85 270.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.79 270.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.79 270.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 225.60 232.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 225.60 110.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 225.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 225.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 225.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 225.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 225.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 225.60 54.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 238.60000000000002 m 392.5 238.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 238.60000000000002 m 448.5 238.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 238.60000000000002 m 504.5 238.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 238.60000000000002 m 562.5 238.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 317.55 250.83 Td (Location of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 317.10 242.83 Td (Gain \(Loss\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 242.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.00 242.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.00 242.83 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 166.00 229.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.00 229.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.20 229.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 215.27 Td (Interest rate derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.00 215.17 Td (....................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.00 215.27 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.50 215.17 Td (...............) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.00 215.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.80 215.32 Td (\(1,742) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 215.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.00 215.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 215.32 Td (\(5,071) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 215.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 215.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 215.32 Td (\(792) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 215.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 175.10 Td (Note13 ) Tj ET Q q 0 0 0 rg BT 86.00 175.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 175.10 Td (Fair) Tj ET Q q 0 0 0 rg BT 140.14 175.10 Td ( ) Tj ET Q q 0 0 0 rg BT 142.46 175.10 Td (V) Tj ET Q q 0 0 0 rg BT 148.77 175.10 Td (alue Measur) Tj ET Q q 0 0 0 rg BT 201.63 175.10 Td (ements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 151.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 151.10 Td (ASC ) Tj ET Q q 0 0 0 rg BT 107.77 151.10 Td (T) Tj ET Q q 0 0 0 rg BT 113.18 151.10 Td (opic 820, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 152.90 151.10 Td (Fair V) Tj ET Q q 0 0 0 rg BT 178.18 151.10 Td (alue Measur) Tj ET Q q 0 0 0 rg BT 228.08 151.10 Td (ement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.45 151.10 Td (defines fair value as the price that would be received for an asset or paid to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 139.10 Td (transfer a liability \(an exit price\) in the principal or most advantageous market for the asset or liability in an orderly transaction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.10 Td (between market participants on the measurement date.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 103.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 103.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 103.10 Td (e determine fair values of derivative instruments and certain other assets, based on the fair value hierarchy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 91.10 Td (established in ) Tj ET Q q 0 0 0 rg BT 106.66 91.10 Td (ASC) Tj ET Q q 0 0 0 rg BT 128.43 91.10 Td (T) Tj ET Q q 0 0 0 rg BT 133.84 91.10 Td (opic 820, which requires an entity to maximize the use of observable inputs and minimize the use of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 79.10 Td (unobservable inputs when measuring fair value. Observable inputs are inputs that reflect the assumptions market participants ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 67.10 Td (would use in pricing the asset or liability based on the best information available in the circumstances. ) Tj ET Q q 0 0 0 rg BT 461.01 67.10 Td (ASC) Tj ET Q q 0 0 0 rg BT 482.78 67.10 Td (T) Tj ET Q q 0 0 0 rg BT 488.19 67.10 Td (opic 820 ) Tj ET Q endstream endobj 269 0 obj <>] /Rotate 0 /Contents 270 0 R>> endobj 270 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 9.00 Tf ET q 0 0 0 rg BT 161.35 762.50 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 193.95 762.50 Td (T) Tj ET Q q 0 0 0 rg BT 199.79 762.50 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 262.88 762.50 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 334.14 762.50 Td ( ST) Tj ET Q q 0 0 0 rg BT 346.73 762.50 Td (A) Tj ET Q q 0 0 0 rg BT 352.56 762.50 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (describes three levels within its hierarchy that may be used to measure fair value, and our assessment of relevant instruments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (within those levels is as follows:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 706.10 Td (Level1:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.49 706.10 Td () Tj ET Q q 0 0 0 rg BT 123.30 706.10 Td (V) Tj ET Q q 0 0 0 rg BT 129.42 706.10 Td (alues are based on unadjusted quoted prices in active markets for identical assets or liabilities. ) Tj ET Q q 0 0 0 rg BT 507.45 706.10 Td (These assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (and liabilities include exchange-traded derivative instruments, Rabbi ) Tj ET Q q 0 0 0 rg BT 327.51 694.10 Td (T) Tj ET Q q 0 0 0 rg BT 333.27 694.10 Td (rust investments, deferred compensation investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (and available-for) Tj ET Q q 0 0 0 rg BT 117.82 682.10 Td (-sale investments.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 658.10 Td (Level2:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.49 658.10 Td () Tj ET Q q 0 0 0 rg BT 123.30 658.10 Td (V) Tj ET Q q 0 0 0 rg BT 129.42 658.10 Td (alues are based on quoted prices for similar assets or liabilities in active markets, quoted prices for identical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (or similar assets or liabilities in markets that are not active, or other inputs that are observable or can be corroborated by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (observable market data for substantially the full term of the assets or liabilities. ) Tj ET Q q 0 0 0 rg BT 368.62 634.10 Td (These assets and liabilities include interest rate, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (foreign exchange, and commodity swaps; forward commodity and freight purchase and sales contracts with a fixed price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (component; and other OTC derivatives whose value is determined with inputs that are based on exchange traded prices, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (adjusted for location specific inputs that are primarily observable in the market or can be derived principally from, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (corroborated by) Tj ET Q q 0 0 0 rg BT 112.93 586.10 Td (, observable market data.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 562.10 Td (Level3:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.49 562.10 Td () Tj ET Q q 0 0 0 rg BT 123.30 562.10 Td (V) Tj ET Q q 0 0 0 rg BT 129.42 562.10 Td (alues are generated from unobservable inputs that are supported by little or no market activity and that are a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (significant component of the fair value of the assets or liabilities. ) Tj ET Q q 0 0 0 rg BT 311.97 550.10 Td (These unobservable inputs would reflect our own estimates of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (assumptions that market participants would use in pricing related assets or liabilities. ) Tj ET Q q 0 0 0 rg BT 391.69 538.10 Td (V) Tj ET Q q 0 0 0 rg BT 397.80 538.10 Td (aluation techniques might include the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (use of pricing models, discounted cash flow models or similar techniques.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 502.10 Td (The following tables present assets and liabilities, included on our Consolidated Balance Sheets, that are recognized at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (fair value on a recurring basis, and indicate the fair value hierarchy utilized to determine these fair values. ) Tj ET Q q 0 0 0 rg BT 475.38 490.10 Td (Assets and liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (are classified, in their entirety) Tj ET Q q 0 0 0 rg BT 168.47 478.10 Td (, based on the lowest level of input that is a significant component of the fair value measurement. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (The lowest level of input is considered Level3. Our assessment of the significance of a particular input to the fair value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (measurement requires judgment and may af) Tj ET Q q 0 0 0 rg BT 225.03 454.10 Td (fect the classification of fair value assets and liabilities within the fair value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (hierarchy levels.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 418.10 Td (Recurring fair value measurements at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.88 418.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.28 418.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.21 418.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.21 418.10 Td (, are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 334.60 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 334.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 334.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 334.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 334.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 334.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 334.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 334.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 304.60 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 304.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 304.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 304.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 304.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 304.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 304.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 304.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 274.60 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 274.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 274.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 274.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 274.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 274.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 274.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 274.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 244.60 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 244.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 244.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 244.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 244.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 244.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 244.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 244.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 214.60 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 214.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 214.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 214.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 214.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 214.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 214.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 214.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 184.60 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 184.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 184.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 184.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 184.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 184.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 184.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 184.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 154.60 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 154.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 154.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 154.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 154.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 154.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 154.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 154.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 392.6 m 355.5 392.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 392.6 m 359.5 392.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 392.6 m 424.5 392.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 392.6 m 428.5 392.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 392.6 m 493.5 392.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 392.6 m 497.5 392.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 392.6 m 562.5 392.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 347.6 m 355.5 347.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 347.6 m 424.5 347.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 347.6 m 493.5 347.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 347.6 m 562.5 347.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 214.60000000000002 m 355.5 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 214.60000000000002 m 424.5 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 214.60000000000002 m 562.5 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 214.60000000000002 m 355.5 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 200.60000000000002 m 355.5 200.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 198.60000000000002 m 355.5 198.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 214.60000000000002 m 424.5 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 200.60000000000002 m 424.5 200.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 198.60000000000002 m 424.5 198.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 214.60000000000002 m 493.5 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 200.60000000000002 m 493.5 200.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 198.60000000000002 m 493.5 198.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 214.60000000000002 m 562.5 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 200.60000000000002 m 562.5 200.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 198.60000000000002 m 562.5 198.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 139.60000000000002 m 562.5 139.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 139.60000000000002 m 355.5 139.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 125.60000000000002 m 355.5 125.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 123.60000000000002 m 355.5 123.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 139.60000000000002 m 424.5 139.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 125.60000000000002 m 424.5 125.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 123.60000000000002 m 424.5 123.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 139.60000000000002 m 493.5 139.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 125.60000000000002 m 493.5 125.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 123.60000000000002 m 493.5 123.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 139.60000000000002 m 562.5 139.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 125.60000000000002 m 562.5 125.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 123.60000000000002 m 562.5 123.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.00 396.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.05 383.83 Td (Quoted Prices in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 296.15 375.83 Td (Active Markets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.35 367.83 Td (for) Tj ET Q q 0 0 0 rg BT 311.42 367.83 Td ( Identical) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 311.80 359.83 Td (Assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 307.50 351.83 Td (\(Level 1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 373.05 383.83 Td (Significant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.35 375.83 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.90 367.83 Td (Observable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 380.35 359.83 Td (Inputs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.50 351.83 Td (\(Level 2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.05 375.83 Td (Significant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.90 367.83 Td (Unobservable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.35 359.83 Td (Inputs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.50 351.83 Td (\(Level 3\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.75 351.83 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 338.17 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.20 338.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 324.27 Td (Assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 324.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 324.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 324.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.00 324.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 309.27 Td ( Commodity and freight derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.50 309.17 Td (.................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 309.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 309.27 Td (48,491) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 309.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 309.27 Td (336,157) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 309.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 309.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 309.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 309.27 Td (384,648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 294.27 Td ( Foreign currency derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.50 294.17 Td (...........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 294.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 294.27 Td (8,771) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 294.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 294.27 Td (8,771) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 279.27 Td ( Interest rate swap derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.00 279.17 Td (..........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 279.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 279.27 Td (9,978) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 279.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 279.27 Td (9,978) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 264.27 Td ( Deferred compensation assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.50 264.17 Td (.........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 264.27 Td (52,414) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 264.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 264.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 264.27 Td (52,414) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 249.27 Td ( Deferred purchase price receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.50 249.17 Td (.................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 249.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 249.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 249.27 Td (548,602) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 249.27 Td (548,602) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 234.27 Td ( Embedded derivative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.50 234.17 Td (.......................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 234.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 234.27 Td (25,533) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 234.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 234.27 Td (25,533) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 219.27 Td ( Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 219.17 Td (......................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 219.27 Td (14,846) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 219.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 219.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 219.27 Td (14,846) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 204.27 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 204.17 Td (................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 204.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 204.27 Td (115,751) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 204.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 204.27 Td (380,439) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 204.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 204.27 Td (548,602) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 204.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 204.27 Td (1,044,792) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 189.27 Td (Liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 189.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 189.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 189.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.00 189.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 174.27 Td ( Commodity and freight derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.50 174.17 Td (.................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 174.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 174.27 Td (31,189) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 174.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 174.27 Td (278,573) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 174.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 174.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 174.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 174.27 Td (309,762) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 159.27 Td ( Foreign currency derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.50 159.17 Td (...........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 159.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 159.27 Td (19,931) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 159.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 159.27 Td (19,931) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 144.27 Td ( Interest rate swap derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.00 144.17 Td (..........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 144.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 144.27 Td (707) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 144.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 144.27 Td (707) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 129.27 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 129.17 Td (................................................................................) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 607.17 Td (50,099) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 607.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 607.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 607.17 Td (50,099) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 592.17 Td ( Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 592.07 Td (......................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 592.17 Td (12,678) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 592.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 592.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 592.17 Td (12,678) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 577.17 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 577.07 Td (................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 577.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 577.17 Td (125,315) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 577.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 577.17 Td (481,283) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 577.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 577.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 577.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 577.17 Td (606,598) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 562.17 Td (Liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 562.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 562.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 562.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.00 562.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 547.17 Td ( Commodity and freight derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.50 547.07 Td (.................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 547.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 547.17 Td (22,331) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 547.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 547.17 Td (468,971) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 547.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 547.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 547.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 547.17 Td (491,302) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 532.17 Td ( Foreign currency derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.50 532.07 Td (...........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 532.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 532.17 Td (22,289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 532.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 532.17 Td (22,289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 517.17 Td ( Interest rate swap derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.00 517.07 Td (..........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 517.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 517.17 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 517.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 517.17 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 502.17 Td ( Accrued liability for contingent crack spread payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 492.17 Td ( related to purchase of noncontrolling interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.00 492.07 Td (..............) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 492.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 492.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 492.17 Td (15,051) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 492.17 Td (15,051) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 477.17 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 477.07 Td (................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 477.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 477.17 Td (22,331) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 477.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 477.17 Td (491,268) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 477.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 477.17 Td (15,051) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 477.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 477.17 Td (528,650) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 449.00 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 449.00 Td (Commodity) Tj ET Q q 0 0 0 rg BT 131.56 449.00 Td (, fr) Tj ET Q q 0 0 0 rg BT 142.86 449.00 Td (eight and for) Tj ET Q q 0 0 0 rg BT 194.15 449.00 Td (eign curr) Tj ET Q q 0 0 0 rg BT 230.72 449.00 Td (ency derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.40 449.00 Td ( Exchange-traded futures and options contracts are valued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 437.00 Td (based on unadjusted quoted prices in active markets and are classified within Level 1. Our forward commodity purchase and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 425.00 Td (sales contracts with fixed-price components, ocean freight contracts and other OTC derivatives are determined using inputs that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 413.00 Td (are generally based on exchange traded prices and/or recent market bids and of) Tj ET Q q 0 0 0 rg BT 365.79 413.00 Td (fers, adjusted for location specific inputs, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 401.00 Td (are classified within Level 2. ) Tj ET Q q 0 0 0 rg BT 168.11 401.00 Td (The location specific inputs are generally broker or dealer quotations, or market transactions in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 389.00 Td (either the listed or OTC markets. Changes in the fair values of these contracts are recognized in our Consolidated Statements of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 377.00 Td (Operations as a component of cost of goods sold. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 360.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 360.00 Td (Inter) Tj ET Q q 0 0 0 rg BT 105.07 360.00 Td (est rate swap derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.22 360.00 Td ( Fair values of our interest rate swap derivatives are determined utilizing valuation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 348.00 Td (models that are widely accepted in the market to value these OTC derivative contracts. ) Tj ET Q q 0 0 0 rg BT 399.41 348.00 Td (The specific terms of the contracts, as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 336.00 Td (well as market observable inputs, such as interest rates and credit risk assumptions, are factored into the models. ) Tj ET Q q 0 0 0 rg BT 501.26 336.00 Td (As all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 324.00 Td (significant inputs are market observable, all interest rate swaps are classified within Level 2. Changes in the fair values of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 312.00 Td (contracts not designated as hedging instruments for accounting purposes are recognized in our Consolidated Statements of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 300.00 Td (Operations as a component of interest expense. See Note 12, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 294.93 300.00 Td (Derivative Financial Instruments and Hedging ) Tj ET Q q 0 0 0 rg BT 484.99 300.00 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.20 300.00 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 288.00 Td (additional information about interest rates swaps designated as fair value and cash flow hedges.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 264.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 264.00 Td (Deferr) Tj ET Q q 0 0 0 rg BT 112.29 264.00 Td (ed compensation and other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.27 264.00 Td ( Our deferred compensation investments, Rabbi ) Tj ET Q q 0 0 0 rg BT 453.15 264.00 Td (T) Tj ET Q q 0 0 0 rg BT 458.91 264.00 Td (rust assets and available-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 252.00 Td (for) Tj ET Q q 0 0 0 rg BT 61.46 252.00 Td (-sale investments in common stock of other companies are valued based on unadjusted quoted prices on active exchanges ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 240.00 Td (and are classified within Level 1. Changes in the fair values of these other assets are primarily recognized in our Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 228.00 Td (Statements of Operations as a component of marketing, general and administrative expenses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 204.00 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 204.00 Td (Embedded derivative asset) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.19 204.00 Td ( ) Tj ET Q q 0 0 0 rg BT 208.01 204.00 Td (The embedded derivative asset relates to contingent payments inherent to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 192.00 Td (investment in CF Nitrogen. ) Tj ET Q q 0 0 0 rg BT 161.76 192.00 Td (The inputs used in the fair value measurement include the probability of future upgrades and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 180.00 Td (downgrades of CF Industries' credit rating based on historical credit rating movements of other public companies and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 168.00 Td (discount rates to be applied to potential annual payments based on applicable historical and current yield coupon rates. Based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 156.00 Td (on these observable inputs, our fair value measurement is classified within Level 2. See Note 12, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 439.61 156.00 Td (Derivative Financial ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 144.00 Td (Instruments and Hedging ) Tj ET Q q 0 0 0 rg BT 153.98 144.00 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.19 144.00 Td ( for additional information.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 300.05 144.00 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 120.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 120.00 Td (Deferr) Tj ET Q q 0 0 0 rg BT 112.29 120.00 Td (ed pur) Tj ET Q q 0 0 0 rg BT 137.75 120.00 Td (chase price r) Tj ET Q q 0 0 0 rg BT 189.58 120.00 Td (eceivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.33 120.00 Td ( ) Tj ET Q q 0 0 0 rg BT 242.15 120.00 Td (The fair value of the DPP) Tj ET Q q 0 0 0 rg BT 344.25 120.00 Td ( receivable included in receivables, net and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 108.00 Td (assets, is determined by discounting the expected cash flows to be received. ) Tj ET Q q 0 0 0 rg BT 355.28 108.00 Td (The expected cash flows are primarily based on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 96.00 Td (unobservable inputs consisting of the face amount of the Receivables adjusted for anticipated credit losses. Significant changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 84.00 Td (in the anticipated credit losses could result in a significantly higher \(or lower\) fair value measurement. Due to the use of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 72.00 Td (significant unobservable inputs in the pricing model, including management's assumptions related to anticipated credit losses, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 60.00 Td (the DPP) Tj ET Q q 0 0 0 rg BT 82.69 60.00 Td ( receivable is classified as a Level 3 fair value measurement. ) Tj ET Q q 0 0 0 rg BT 327.40 60.00 Td (The reconciliation of the DPP) Tj ET Q q 0 0 0 rg BT 446.44 60.00 Td ( receivable for the year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 48.00 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.83 48.00 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.22 48.00 Td (, is included in Note 2, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 235.54 48.00 Td (Receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.29 48.00 Td (.) Tj ET Q endstream endobj 273 0 obj <>] /Rotate 0 /Contents 274 0 R>> endobj 274 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 9.00 Tf ET q 0 0 0 rg BT 161.35 762.50 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 193.95 762.50 Td (T) Tj ET Q q 0 0 0 rg BT 199.79 762.50 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 262.88 762.50 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 334.14 762.50 Td ( ST) Tj ET Q q 0 0 0 rg BT 346.73 762.50 Td (A) Tj ET Q q 0 0 0 rg BT 352.56 762.50 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 725.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 725.10 Td (Accrued liability for contingent crack spr) Tj ET Q q 0 0 0 rg BT 251.42 725.10 Td (ead payments r) Tj ET Q q 0 0 0 rg BT 312.15 725.10 Td (elated to pur) Tj ET Q q 0 0 0 rg BT 362.88 725.10 Td (chase of CHS McPherson \(formerly NCRA\) ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 713.10 Td (noncontr) Tj ET Q q 0 0 0 rg BT 85.74 713.10 Td (olling inter) Tj ET Q q 0 0 0 rg BT 130.09 713.10 Td (ests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.09 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 159.91 713.10 Td (The contingent period related to the CHS McPherson noncontrolling interests expired as of ) Tj ET Q q 0 0 0 rg BT 526.22 713.10 Td (August ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 701.10 Td (31, 2017, and no liabilities remain for future payments. ) Tj ET Q q 0 0 0 rg BT 273.10 701.10 Td (Throughout the contingent period, the fair value of the contingent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 689.10 Td (consideration liability was calculated utilizing an average price option model, an adjusted Black-Scholes pricing model ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 677.10 Td (commonly used in the ener) Tj ET Q q 0 0 0 rg BT 158.13 677.10 Td (gy industry to value options. ) Tj ET Q q 0 0 0 rg BT 274.60 677.10 Td (The model used market observable inputs and unobservable inputs, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 665.10 Td (including adjusted forward crack spread mar) Tj ET Q q 0 0 0 rg BT 228.36 665.10 Td (gins and quotes obtained from third party vendors. Management also took into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 653.10 Td (consideration current and expected market trends and compared the liability) Tj ET Q q 0 0 0 rg BT 356.83 653.10 Td (s fair value to hypothetical payments using known ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 641.10 Td (historical market data to assess reasonableness of the resulting fair value. Significant increases \(decreases\) in either of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 629.10 Td (inputs would have resulted in significantly higher \(lower\) fair value measurements.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 382.96 629.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.46 629.10 Td (Due to significant unobservable inputs used ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 617.10 Td (in the pricing model, the liability was classified within Level 3.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 600.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 600.10 Td (The following table represents a reconciliation of the contingent crack spread liability measured at fair value using ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 588.10 Td (significant unobservable inputs \(Level 3\) for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.20 588.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.59 588.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.53 588.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.53 588.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 504.60 352.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 504.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 504.60 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 504.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 504.60 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 474.60 352.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 474.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 474.60 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 474.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 474.60 76.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 559.6 m 481.5 559.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 559.6 m 485.5 559.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 559.6 m 561.5 559.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 559.6 m 481.5 559.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 530.6 m 481.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 559.6 m 485.5 559.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 530.6 m 485.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 559.6 m 561.5 559.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 530.6 m 561.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 530.6 m 481.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 517.6 m 481.5 517.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 530.6 m 561.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 517.6 m 561.5 517.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 474.6 m 481.5 474.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 460.6 m 481.5 460.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 458.6 m 481.5 458.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 474.6 m 561.5 474.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 460.6 m 561.5 460.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 458.6 m 561.5 458.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.55 563.83 Td (Level 3 Liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.05 550.83 Td (Accrued Liability for Contingent Crack) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.70 542.83 Td (Spread Payments Related to Purchase of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.45 534.83 Td (Noncontrolling Interests) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.00 521.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.00 521.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.20 508.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 494.27 Td (Balance - beginning of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.50 494.17 Td (.............................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 494.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 494.27 Td (15,051) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 494.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 494.27 Td (75,982) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 479.27 Td (Total \(gains\) losses included in cost of goods sold) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.00 479.17 Td (..........................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.80 479.32 Td (\(15,051) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 479.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 479.32 Td (\(60,931) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 479.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 464.27 Td (Balance - end of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.00 464.17 Td (........................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 464.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 464.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 464.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 464.27 Td (15,051) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 436.10 Td (There were no material transfers between Level 1, Level 2 and Level 3 assets and liabilities during the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.39 424.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.33 424.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.33 424.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (Note 14 ) Tj ET Q q 0 0 0 rg BT 86.00 400.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 400.10 Td (Commitmentsand Contingencies) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 376.10 Td (Environmental) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 352.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 352.10 Td (e are required to comply with various environmental laws and regulations incidental to our normal business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 96.47 340.10 Td (T) Tj ET Q q 0 0 0 rg BT 101.88 340.10 Td (o meet our compliance requirements, we establish reserves for the probable future costs of remediation of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (identified issues, which are included in cost of goods sold and marketing, general and administrative in our Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (Statements of Operations. ) Tj ET Q q 0 0 0 rg BT 155.91 316.10 Td (The resolution of any such matters may af) Tj ET Q q 0 0 0 rg BT 324.29 316.10 Td (fect consolidated net income for any fiscal period; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (however) Tj ET Q q 0 0 0 rg BT 84.03 304.10 Td (, we believe any resulting liabilities, individually or in the aggregate, will not have a material ef) Tj ET Q q 0 0 0 rg BT 466.23 304.10 Td (fect on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (consolidated financial position, results of operations or cash flows during any fiscal year) Tj ET Q q 0 0 0 rg BT 403.52 292.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 268.10 Td (Other Litigation and Claims) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 244.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 244.10 Td (e are involved as a defendant in various lawsuits, claims and disputes, which are in the normal course of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 88.71 232.10 Td (The resolution of any such matters may af) Tj ET Q q 0 0 0 rg BT 257.09 232.10 Td (fect consolidated net income for any fiscal period; however) Tj ET Q q 0 0 0 rg BT 494.38 232.10 Td (, we believe any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (resulting liabilities, individually or in the aggregate, will not have a material ef) Tj ET Q q 0 0 0 rg BT 364.73 220.10 Td (fect on our consolidated financial position, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (results of operations or cash flows during any fiscal year) Tj ET Q q 0 0 0 rg BT 275.77 208.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 184.10 Td (Guarantees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 160.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 160.10 Td (e are a guarantor for lines of credit and performance obligations of related, non-consolidated companies. Our bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.10 Td (covenants allow maximum guarantees of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.34 148.10 Td ($1.0 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.45 148.10 Td (, of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.22 148.10 Td ($105.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.11 148.10 Td ( were outstanding on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 148.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.04 148.10 Td (. ) Tj ET Q q 0 0 0 rg BT 520.86 148.10 Td (W) Tj ET Q q 0 0 0 rg BT 529.50 148.10 Td (e have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td (collateral for a portion of these contingent obligations. ) Tj ET Q q 0 0 0 rg BT 270.03 136.10 Td (W) Tj ET Q q 0 0 0 rg BT 278.67 136.10 Td (e have not recorded a liability related to the contingent obligations as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (we do not expect to pay out any cash related to them, and the fair values are considered immaterial. ) Tj ET Q q 0 0 0 rg BT 449.95 124.10 Td (The underlying loans to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (counterparties for which we provide these guarantees are current as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.38 112.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.77 112.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 88.10 Td (Credit Commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 64.10 Td (CHS Capital has commitments to extend credit to customers if there is no violation of any condition established in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.10 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 90.54 52.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.43 52.10 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.83 52.10 Td (, CHS Capital) Tj ET Q q 0 0 0 rg BT 239.44 52.10 Td (s customers have additional available credit of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.43 52.10 Td ($966.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.32 52.10 Td (.) Tj ET Q endstream endobj 275 0 obj <>] /Rotate 0 /Contents 276 0 R>> endobj 276 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 9.00 Tf ET q 0 0 0 rg BT 161.35 762.50 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 193.95 762.50 Td (T) Tj ET Q q 0 0 0 rg BT 199.79 762.50 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 262.88 762.50 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 334.14 762.50 Td ( ST) Tj ET Q q 0 0 0 rg BT 346.73 762.50 Td (A) Tj ET Q q 0 0 0 rg BT 352.56 762.50 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-45) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 730.25 Td (Lease Commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 706.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 706.25 Td (e lease certain property) Tj ET Q q 0 0 0 rg BT 186.99 706.25 Td (, plant and equipment used in our operations under both capital and operating lease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (agreements. Our operating leases, which are primarily for rail cars, equipment, vehicles and of) Tj ET Q q 0 0 0 rg BT 427.73 694.25 Td (fice space have remaining terms ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.83 682.25 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.27 682.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 682.25 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.05 682.25 Td ( years. ) Tj ET Q q 0 0 0 rg BT 126.46 682.25 Td (T) Tj ET Q q 0 0 0 rg BT 131.88 682.25 Td (otal rental expense for operating leases was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.19 682.25 Td ($72.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.08 682.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.08 682.25 Td ($74.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.98 682.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.42 682.25 Td ($56.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.31 682.25 Td ( for the years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.83 670.25 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.22 670.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.22 670.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.22 670.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.16 670.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.16 670.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 261.82 670.25 Td (. ) Tj ET Q q 0 0 0 rg BT 266.64 670.25 Td (W) Tj ET Q q 0 0 0 rg BT 275.27 670.25 Td (e lease certain rail cars, equipment, vehicles and other assets under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (capital lease arrangements. ) Tj ET Q q 0 0 0 rg BT 160.32 658.25 Td (These assets are included in property) Tj ET Q q 0 0 0 rg BT 307.67 658.25 Td (, plant and equipment, net on our Consolidated Balance Sheets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (while the corresponding capital lease obligations are included in long-term debt. See Note 5, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 422.67 646.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 432.29 646.25 Td (operty) Tj ET Q q 0 0 0 rg BT 457.29 646.25 Td (, Plant and Equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.28 646.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (and Note 7, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 98.88 634.25 Td (Notes Payable and Long-T) Tj ET Q q 0 0 0 rg BT 205.45 634.25 Td (erm Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.94 634.25 Td ( for more information about capital leases.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 610.25 Td (Minimum future lease payments required under noncancelable operating leases as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.71 610.25 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.10 610.25 Td (, are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 586.75 428.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 586.75 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 556.75 428.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 556.75 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 526.75 428.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 526.75 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 496.75 428.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 496.75 84.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 496.75 m 562.5 496.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 482.75 m 562.5 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 480.75 m 562.5 480.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 264.00 591.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.20 590.98 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 577.32 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 577.32 Td (................................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.00 576.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 576.42 Td (57,957) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 562.32 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 562.32 Td (................................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 561.42 Td (44,369) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 547.32 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 547.32 Td (................................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 546.42 Td (32,620) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 532.32 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 532.32 Td (................................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 531.42 Td (25,720) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 517.32 Td (2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 517.32 Td (................................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 516.42 Td (19,154) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 502.32 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 502.32 Td (........................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 501.42 Td (56,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 487.32 Td (Total minimum future lease payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.00 487.32 Td (............................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.00 486.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 486.42 Td (236,620) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 458.25 Td (Unconditional Purchase Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 434.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 434.25 Td (Unconditional purchase obligations are commitments to transfer funds in the future for fixed or minimum amounts or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 422.25 Td (quantities of goods or services at fixed or minimum prices. Our long-term unconditional purchase obligations primarily relate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 410.25 Td (to pipeline and grain handling take-or) Tj ET Q q 0 0 0 rg BT 200.59 410.25 Td (-pay and through-put agreements and are not recorded on our Consolidated Balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 398.25 Td (Sheets. ) Tj ET Q q 0 0 0 rg BT 80.56 398.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.45 398.25 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.84 398.25 Td (, minimum future payments required under long-term commitments that are noncancelable, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.25 Td (that third parties have used to secure financing for the facilities that will provide the contracted goods, are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 51.00 321.75 156.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.00 321.75 47.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.00 321.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.00 321.75 47.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.00 321.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 321.75 47.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 321.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.00 321.75 47.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.00 321.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.00 321.75 47.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 321.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 321.75 47.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.00 321.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.00 321.75 47.00 -25.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207 360.75 m 254 360.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 360.75 m 258 360.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 360.75 m 305 360.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 360.75 m 309 360.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 360.75 m 356 360.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 360.75 m 360 360.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 360.75 m 407 360.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407 360.75 m 411 360.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411 360.75 m 458 360.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 360.75 m 462 360.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 360.75 m 509 360.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509 360.75 m 513 360.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 360.75 m 560 360.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207 360.75 m 254 360.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207 336.75 m 254 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 336.75 m 305 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309 336.75 m 356 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 336.75 m 407 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411 336.75 m 458 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 336.75 m 509 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509 336.75 m 513 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 336.75 m 560 336.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 128.50 365.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 340.85 364.98 Td (Payments Due by Period) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 221.25 340.98 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 273.00 340.98 Td (2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 324.00 340.98 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.00 340.98 Td (2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.00 340.98 Td (2021) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.00 340.98 Td (2022) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.70 340.98 Td (Thereafter) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 128.50 326.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 345.20 325.98 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.50 311.42 Td (Long-term unconditional purchase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.50 301.42 Td (obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.50 301.32 Td (..........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.50 301.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.60 301.42 Td (716,181) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.50 301.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.60 301.42 Td (54,409) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.50 301.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.60 301.42 Td (55,280) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 301.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.60 301.42 Td (57,367) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.50 301.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.60 301.42 Td (57,916) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.50 301.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.60 301.42 Td (58,478) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.50 301.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.60 301.42 Td (432,731) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 273.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 273.25 Td (T) Tj ET Q q 0 0 0 rg BT 91.41 273.25 Td (otal payments under these arrangements were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.34 273.25 Td ($70.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.23 273.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.23 273.25 Td ($88.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.12 273.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.56 273.25 Td ($66.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.45 273.25 Td ( for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 261.25 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.39 261.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.39 261.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.39 261.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.33 261.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.33 261.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 235.99 261.25 Td (.) Tj ET Q endstream endobj 277 0 obj <>] /Rotate 0 /Contents 278 0 R>> endobj 278 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 9.00 Tf ET q 0 0 0 rg BT 161.35 762.50 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 193.95 762.50 Td (T) Tj ET Q q 0 0 0 rg BT 199.79 762.50 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 262.88 762.50 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 334.14 762.50 Td ( ST) Tj ET Q q 0 0 0 rg BT 346.73 762.50 Td (A) Tj ET Q q 0 0 0 rg BT 352.56 762.50 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-46) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Note 15 ) Tj ET Q q 0 0 0 rg BT 86.00 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 742.25 Td (Supplemental Cash Flow and Other) Tj ET Q q 0 0 0 rg BT 275.17 742.25 Td ( Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 718.25 Td (Additional information concerning supplemental disclosures of cash flow activities for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 718.25 Td (August31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 706.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 706.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 706.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.94 706.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.94 706.25 Td (, is included in the table below) Tj ET Q q 0 0 0 rg BT 258.76 706.25 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 667.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 667.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 667.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 667.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 667.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 667.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 637.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 637.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 637.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 637.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 637.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 637.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 607.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 607.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 607.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 607.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 607.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 607.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 577.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 577.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 577.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 577.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 577.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 577.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 547.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 547.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 547.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 547.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 547.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 547.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 517.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 517.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 517.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 517.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 517.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 517.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 487.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 487.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 487.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 487.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 487.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 487.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 682.75 m 424.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 682.75 m 493.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 682.75 m 562.5 682.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.50 686.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 686.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 686.98 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 672.42 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.70 671.98 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 657.42 Td (Net cash paid during the period for:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 657.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 657.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.00 657.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 642.42 Td (Interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.00 642.32 Td (........................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 642.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 642.42 Td (160,040) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 642.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 642.42 Td (147,089) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 642.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 642.42 Td (130,571) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 627.42 Td (Income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.50 627.32 Td (...............................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 627.42 Td (14,571) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 627.42 Td (5,184) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 627.42 Td (54,229) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 612.42 Td (Other significant noncash investing and financing transactions:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 612.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 612.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.00 612.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 597.42 Td (Notes receivable sold under Securitization Facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.50 597.32 Td (...................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 597.42 Td (747,345) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 597.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 597.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 582.42 Td (Securitized debt extinguished under Securitization Facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 582.32 Td (......................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 582.42 Td (554,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 582.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 582.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 567.42 Td (Deferred purchase price recognized under Securitization Facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.00 567.32 Td (............) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 567.42 Td (547,553) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 567.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 567.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 552.42 Td (Land and Improvements received for notes receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.00 552.32 Td (..............................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 552.42 Td (138,699) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 552.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 552.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 537.42 Td (Capital expenditures and major repairs incurred but not yet paid) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.00 537.32 Td (..............) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 537.42 Td (22,490) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 537.42 Td (44,307) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 537.42 Td (60,226) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 522.42 Td (Capital lease obligations incurred) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.00 522.32 Td (..............................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 522.42 Td (6,832) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 522.42 Td (23,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 522.42 Td (9,741) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 507.42 Td (Capital equity certificates redeemed with preferred stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.50 507.32 Td (.........................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 507.42 Td (19,985) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 507.42 Td (76,756) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 507.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 492.42 Td (Capital equity certificates issued in exchange for Ag acquisitions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.00 492.32 Td (............) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 492.42 Td (2,928) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 492.42 Td (19,089) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 492.42 Td (15,618) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 477.42 Td (Accrual of dividends and equities payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.50 477.32 Td (.................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 477.42 Td (12,121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 477.42 Td (198,031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 477.42 Td (384,427) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 439.65 Td (Note 16 ) Tj ET Q q 0 0 0 rg BT 86.00 439.65 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 439.65 Td (Related Party ) Tj ET Q q 0 0 0 rg BT 183.46 439.65 Td (T) Tj ET Q q 0 0 0 rg BT 189.39 439.65 Td (ransactions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.65 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 415.65 Td (Related party transactions with equity investees, primarily CF Nitrogen, ) Tj ET Q q 0 0 0 rg BT 376.59 415.65 Td (TEMCO, ) Tj ET Q q 0 0 0 rg BT 416.04 415.65 Td (Ardent Mills and ) Tj ET Q q 0 0 0 rg BT 486.68 415.65 Td (V) Tj ET Q q 0 0 0 rg BT 492.80 415.65 Td (entura Foods for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.65 Td (the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.14 403.65 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.53 403.65 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.53 403.65 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.53 403.65 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.47 403.65 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.47 403.65 Td (, respectively) Tj ET Q q 0 0 0 rg BT 300.13 403.65 Td (, and balances as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.10 403.65 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.49 403.65 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.43 403.65 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.43 403.65 Td (, respectively) Tj ET Q q 0 0 0 rg BT 541.09 403.65 Td (, are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 391.65 Td (as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 355.15 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 355.15 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 355.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 355.15 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 355.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 355.15 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 368.15 m 424.5 368.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 368.15 m 493.5 368.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 368.15 m 562.5 368.15 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.50 372.38 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 372.38 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 372.38 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 204.50 359.40 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.70 359.38 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 345.72 Td (Sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 345.72 Td (................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 344.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 344.82 Td (3,183,944) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 344.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 344.82 Td (2,728,793) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 344.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 344.82 Td (2,310,875) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 330.72 Td (Purchases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.50 330.72 Td (.........................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 329.82 Td (2,610,887) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 329.82 Td (1,707,990) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 329.82 Td (1,762,663) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 277.15 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 277.15 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 277.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 277.15 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 290.15 m 493.5 290.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 290.15 m 562.5 290.15 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 294.38 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 294.38 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 239.00 281.40 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.20 281.38 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 267.72 Td (Due from related parties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.50 267.72 Td (.............................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 266.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 266.82 Td (33,119) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 266.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 266.82 Td (25,386) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 252.72 Td (Due to related parties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.00 252.72 Td (..................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 251.82 Td (39,232) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 251.82 Td (40,543) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 223.65 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 223.65 Td (As a cooperative, we are owned by farmers and ranchers and their member cooperatives, which are referred to as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 211.65 Td (members. ) Tj ET Q q 0 0 0 rg BT 91.47 211.65 Td (W) Tj ET Q q 0 0 0 rg BT 100.11 211.65 Td (e buy commodities from and provide products and services to our members. Individually) Tj ET Q q 0 0 0 rg BT 455.21 211.65 Td (, our members do not have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.65 Td (a significant ownership in the Company) Tj ET Q q 0 0 0 rg BT 209.04 199.65 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 175.65 Td (Note 17 ) Tj ET Q q 0 0 0 rg BT 86.00 175.65 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 175.65 Td (Acquisitions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 151.65 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 151.65 Td (During the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.08 151.65 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.47 151.65 Td (, we acquired various businesses for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.38 151.65 Td ($13.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.27 151.65 Td ( in consideration. ) Tj ET Q q 0 0 0 rg BT 515.74 151.65 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 139.65 Td (acquisitions were not material, individually or in aggregate, to our consolidated financial statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 127.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.65 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 115.65 Td (During the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.08 115.65 Td (August31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.47 115.65 Td (, we acquired various businesses primarily in our ) Tj ET Q q 0 0 0 rg BT 441.48 115.65 Td (Ag segment for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.19 115.65 Td ($50.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.08 115.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 103.65 Td (in consideration. ) Tj ET Q q 0 0 0 rg BT 118.97 103.65 Td (These acquisitions were not material, individually or in aggregate, to our consolidated financial statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 79.65 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 79.65 Td (During the year ended ) Tj ET Q q 0 0 0 rg BT 177.08 79.65 Td (August31, 2015, we acquired various businesses in our ) Tj ET Q q 0 0 0 rg BT 401.77 79.65 Td (Ag segment for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.48 79.65 Td ($321.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.37 79.65 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 67.65 Td (consideration. ) Tj ET Q q 0 0 0 rg BT 108.69 67.65 Td (These acquisitions were not material, individually or in aggregate, to our consolidated financial statements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 55.65 Td (Included among these transactions was the June 2015 acquisition of Patriot Holdings, LLC, which operates an ethanol plant ) Tj ET Q endstream endobj 279 0 obj <>] /Rotate 0 /Contents 280 0 R>> endobj 280 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 9.00 Tf ET q 0 0 0 rg BT 161.35 762.50 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 193.95 762.50 Td (T) Tj ET Q q 0 0 0 rg BT 199.79 762.50 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 262.88 762.50 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 334.14 762.50 Td ( ST) Tj ET Q q 0 0 0 rg BT 346.73 762.50 Td (A) Tj ET Q q 0 0 0 rg BT 352.56 762.50 Td (TEMENTS - \(Continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (that has expanded our grain origination opportunities and increased our renewable fuels capacity) Tj ET Q q 0 0 0 rg BT 435.88 742.10 Td (. ) Tj ET Q q 0 0 0 rg BT 440.33 742.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 490.23 742.10 Td (, we acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Northstar ) Tj ET Q q 0 0 0 rg BT 89.72 730.10 Td (Agri Industries, a canola processing and refining business in July 2015. ) Tj ET Q q 0 0 0 rg BT 377.54 730.10 Td (The acquisition expanded our oilseed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (processing platform to include canola in addition to soybeans, expanded our oil product of) Tj ET Q q 0 0 0 rg BT 411.40 718.10 Td (ferings to global food companies, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (and linked growers selling canola seed to CHS to an integrated supply chain. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (CHS McPherson Refinery Inc. \(formerly National Cooperative Refinery ) Tj ET Q q 0 0 0 rg BT 349.34 682.10 Td (Association or "NCRA"\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 665.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 665.10 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.83 665.10 Td (November 201) Tj ET Q q 0 0 0 rg BT 156.17 665.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.17 665.10 Td (, our Board of Directors approved a stock transfer agreement between us and GROWMARK, Inc. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 653.10 Td (\("Growmark"\), and a stock transfer agreement between us and MF) Tj ET Q q 0 0 0 rg BT 315.66 653.10 Td (A) Tj ET Q q 0 0 0 rg BT 322.33 653.10 Td ( Oil Company \("MF) Tj ET Q q 0 0 0 rg BT 402.62 653.10 Td (A"\). Prior to the first closing under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 641.10 Td (these agreements, we owned approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.16 641.10 Td (74.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.99 641.10 Td ( of NCRA) Tj ET Q q 0 0 0 rg BT 292.99 641.10 Td () Tj ET Q q 0 0 0 rg BT 295.77 641.10 Td (s outstanding capital stock. ) Tj ET Q q 0 0 0 rg BT 406.41 641.10 Td (W) Tj ET Q q 0 0 0 rg BT 415.44 641.10 Td (ith the final closing in September ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 629.10 Td (2015, our ownership increased to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.52 629.10 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.85 629.10 Td (. ) Tj ET Q q 0 0 0 rg BT 213.67 629.10 Td (The entity is now known as CHS McPherson Refinery Inc. \("CHS McPherson"\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 605.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 605.10 Td (Pursuant to the agreement with Growmark and MF) Tj ET Q q 0 0 0 rg BT 289.38 605.10 Td (A, we acquired the remaining capital stock for an aggregate base ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 593.10 Td (purchase price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.35 593.10 Td ($351.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.24 593.10 Td (. In addition, Growmark and MF) Tj ET Q q 0 0 0 rg BT 310.32 593.10 Td (A) Tj ET Q q 0 0 0 rg BT 316.99 593.10 Td ( were entitled to receive up to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.33 593.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.33 593.10 Td ( contingent purchase price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 581.10 Td (payments following each individual closing, calculated as set forth in the agreement with Growmark and MF) Tj ET Q q 0 0 0 rg BT 485.25 581.10 Td (A, if the average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 569.10 Td (crack spread mar) Tj ET Q q 0 0 0 rg BT 118.11 569.10 Td (gin referred to therein over the year ending on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.42 569.10 Td (August 31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.82 569.10 Td ( of the calendar year in which the contingent payment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 557.10 Td (date fell exceeded a specified tar) Tj ET Q q 0 0 0 rg BT 180.57 557.10 Td (get. ) Tj ET Q q 0 0 0 rg BT 197.61 557.10 Td (T) Tj ET Q q 0 0 0 rg BT 203.02 557.10 Td (otal contingent consideration payments made were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.51 557.10 Td ($19.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.40 557.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.40 557.10 Td (No) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.62 557.10 Td ( payments were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 545.10 Td (made during the year ended ) Tj ET Q q 0 0 0 rg BT 163.01 545.10 Td (August 31, 2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 521.10 Td (In accordance with ) Tj ET Q q 0 0 0 rg BT 164.02 521.10 Td (ASC ) Tj ET Q q 0 0 0 rg BT 185.79 521.10 Td (T) Tj ET Q q 0 0 0 rg BT 191.20 521.10 Td (opic 480, patronage earned by Growmark and MF) Tj ET Q q 0 0 0 rg BT 390.96 521.10 Td (A) Tj ET Q q 0 0 0 rg BT 397.63 521.10 Td ( has been included as interest expense in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 509.10 Td (our Consolidated Statements of Operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.19 509.10 Td (No) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.41 509.10 Td ( interest was recognized during the years ended ) Tj ET Q q 0 0 0 rg BT 431.01 509.10 Td (August 31, 2017 or 2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 497.10 Td (During the year ended ) Tj ET Q q 0 0 0 rg BT 141.08 497.10 Td (August31, 2015, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.47 497.10 Td ($31.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.36 497.10 Td ( was recognized as interest expense for the patronage earned by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 485.10 Td (Growmark and MF) Tj ET Q q 0 0 0 rg BT 126.47 485.10 Td (A. ) Tj ET Q endstream endobj 281 0 obj <> endobj 282 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.30 742.25 Td (Exhibit 31.1 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.75 718.25 Td (CER) Tj ET Q q 0 0 0 rg BT 197.51 718.25 Td (TIFICA) Tj ET Q q 0 0 0 rg BT 231.77 718.25 Td (TION PURSUANT) Tj ET Q q 0 0 0 rg BT 314.10 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 316.42 718.25 Td (T) Tj ET Q q 0 0 0 rg BT 322.91 718.25 Td (O SECTION 302 OF) Tj ET Q q 0 0 0 rg BT 411.72 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 414.04 718.25 Td (THE) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.35 706.25 Td (SARBANES-OXLEY) Tj ET Q q 0 0 0 rg BT 321.22 706.25 Td ( ) Tj ET Q q 0 0 0 rg BT 323.17 706.25 Td (ACT) Tj ET Q q 0 0 0 rg BT 344.10 706.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 360.12 706.25 Td ( 2002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (I, Jay D. Debertin, certify that:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 664.25 Td (1. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 664.25 Td (I have reviewed this ) Tj ET Q q 0 0 0 rg BT 168.75 664.25 Td (Annual Report on Form 10-K for the fiscal year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.69 664.25 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.08 664.25 Td (, of CHS Inc.; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 646.25 Td (2. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 646.25 Td (Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 634.25 Td (fact necessary to make the statements made, in light of the circumstances under which such statements were made, not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 622.25 Td (misleading with respect to the period covered by this report; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 604.25 Td (3. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 604.25 Td (Based on my knowledge, the financial statements, and other financial information included in this report, fairly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 592.25 Td (present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 580.25 Td (for) Tj ET Q q 0 0 0 rg BT 97.26 580.25 Td (, the periods presented in this report; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 562.25 Td (4. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 562.25 Td (The registrant) Tj ET Q q 0 0 0 rg BT 144.59 562.25 Td (s other certifying of) Tj ET Q q 0 0 0 rg BT 223.55 562.25 Td (ficer and I are responsible for establishing and maintaining disclosure controls and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 550.25 Td (procedures \(as defined in Exchange ) Tj ET Q q 0 0 0 rg BT 230.66 550.25 Td (Act Rules 13a-15\(e\) and 15d-15\(e\)\) and internal control over financial reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 538.25 Td (\(as defined in Exchange ) Tj ET Q q 0 0 0 rg BT 184.30 538.25 Td (Act Rules 13a-15\(f\) and 15d-15\(f\)\) for the registrant and have: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 520.25 Td (a. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 520.25 Td (designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 508.25 Td (designed under our supervision, to ensure that material information relating to the registrant, including its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 496.25 Td (consolidated subsidiaries, is made known to us by others within those entities, particularly during the period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 484.25 Td (in which this report is being prepared; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 466.25 Td (b. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 466.25 Td (designed such internal control over financial reporting, or caused such internal control over financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 454.25 Td (reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 442.25 Td (financial reporting and the preparation of financial statements for external purposes in accordance with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 430.25 Td (generally accepted accounting principles; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 412.25 Td (c. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 412.25 Td (evaluated the ef) Tj ET Q q 0 0 0 rg BT 185.12 412.25 Td (fectiveness of the registrant) Tj ET Q q 0 0 0 rg BT 298.13 412.25 Td (s disclosure controls and procedures and presented in this report ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 400.25 Td (our conclusions about the ef) Tj ET Q q 0 0 0 rg BT 234.57 400.25 Td (fectiveness of the disclosure controls and procedures, as of the end of the period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 388.25 Td (covered by this report based on such evaluation; 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and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 232.25 Td (b. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 232.25 Td (any fraud, whether or not material, that involves management or other employees who have a significant role ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 220.25 Td (in the registrant) Tj ET Q q 0 0 0 rg BT 187.54 220.25 Td (s internal control over financial reporting.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (Date: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.16 190.25 Td (November9, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.86 190.25 Td ( ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 164.75 m 561.5 164.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.00 169.42 Td (/s/ Jay D. Debertin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.00 154.42 Td (Jay D. Debertin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.00 139.42 Td (President and Chief Executive Officer) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 283 0 obj <> endobj 284 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.30 742.25 Td (Exhibit 31.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.75 718.25 Td (CER) Tj ET Q q 0 0 0 rg BT 197.51 718.25 Td (TIFICA) Tj ET Q q 0 0 0 rg BT 231.77 718.25 Td (TION PURSUANT) Tj ET Q q 0 0 0 rg BT 314.10 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 316.42 718.25 Td (T) Tj ET Q q 0 0 0 rg BT 322.91 718.25 Td (O SECTION 302 OF) Tj ET Q q 0 0 0 rg BT 411.72 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 414.04 718.25 Td (THE) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.35 706.25 Td (SARBANES-OXLEY) Tj ET Q q 0 0 0 rg BT 321.22 706.25 Td ( ) Tj ET Q q 0 0 0 rg BT 323.17 706.25 Td (ACT) Tj ET Q q 0 0 0 rg BT 344.10 706.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 360.12 706.25 Td ( 2002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (I, ) Tj ET Q q 0 0 0 rg BT 58.15 682.25 Td (T) Tj ET Q q 0 0 0 rg BT 63.91 682.25 Td (imothy Skidmore, certify that:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 664.25 Td (1. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 664.25 Td (I have reviewed this ) Tj ET Q q 0 0 0 rg BT 168.75 664.25 Td (Annual Report on Form 10-K for the fiscal year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.69 664.25 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.08 664.25 Td ( of CHS Inc.; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 646.25 Td (2. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 646.25 Td (Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 634.25 Td (fact necessary to make the statements made, in light of the circumstances under which such statements were made, not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 622.25 Td (misleading with respect to the period covered by this report; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 604.25 Td (3. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 604.25 Td (Based on my knowledge, the financial statements, and other financial information included in this report, fairly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 592.25 Td (present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 580.25 Td (for) Tj ET Q q 0 0 0 rg BT 97.26 580.25 Td (, the periods presented in this report; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 562.25 Td (4. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 562.25 Td (The registrant) Tj ET Q q 0 0 0 rg BT 144.59 562.25 Td (s other certifying of) Tj ET Q q 0 0 0 rg BT 223.55 562.25 Td (ficer and I are responsible for establishing and maintaining disclosure controls and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 550.25 Td (procedures \(as defined in Exchange ) Tj ET Q q 0 0 0 rg BT 230.66 550.25 Td (Act Rules 13a-15\(e\) and 15d-15\(e\)\) and internal control over financial reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 538.25 Td (\(as defined in Exchange ) Tj ET Q q 0 0 0 rg BT 184.30 538.25 Td (Act Rules 13a-15\(f\) and 15d-15\(f\)\) for the registrant and have: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 520.25 Td (a. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 520.25 Td (designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 508.25 Td (designed under our supervision, to ensure that material information relating to the registrant, including its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 496.25 Td (consolidated subsidiaries, is made known to us by others within those entities, particularly during the period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 484.25 Td (in which this report is being prepared; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 466.25 Td (b. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 466.25 Td (designed such internal control over financial reporting, or caused such internal control over financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 454.25 Td (reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 442.25 Td (financial reporting and the preparation of financial statements for external purposes in accordance with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 430.25 Td (generally accepted accounting principles; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 412.25 Td (c. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 412.25 Td (evaluated the ef) Tj ET Q q 0 0 0 rg BT 185.12 412.25 Td (fectiveness of the registrant) Tj ET Q q 0 0 0 rg BT 298.13 412.25 Td (s disclosure controls and procedures and presented in this report ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 400.25 Td (our conclusions about the ef) Tj ET Q q 0 0 0 rg BT 234.57 400.25 Td (fectiveness of the disclosure controls and procedures, as of the end of the period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 388.25 Td (covered by this report based on such evaluation; and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 370.25 Td (d. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 370.25 Td (disclosed in this report any change in the registrant) Tj ET Q q 0 0 0 rg BT 328.61 370.25 Td (s internal control over financial reporting that occurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 358.25 Td (during the registrant) Tj ET Q q 0 0 0 rg BT 205.87 358.25 Td (s most recent fiscal quarter \(the registrant) Tj ET Q q 0 0 0 rg BT 374.69 358.25 Td (s fourth fiscal quarter in the case of an annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 346.25 Td (report\) that has materially af) Tj ET Q q 0 0 0 rg BT 235.66 346.25 Td (fected, or is reasonably likely to materially af) Tj ET Q q 0 0 0 rg BT 417.07 346.25 Td (fect, the registrant) Tj ET Q q 0 0 0 rg BT 492.32 346.25 Td (s internal control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 334.25 Td (over financial reporting; and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 316.25 Td (5. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 316.25 Td (The registrant) Tj ET Q q 0 0 0 rg BT 144.59 316.25 Td (s other certifying of) Tj ET Q q 0 0 0 rg BT 223.55 316.25 Td (ficer and I have disclosed, based on our most recent evaluation of internal control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 304.25 Td (over financial reporting, to the registrant) Tj ET Q q 0 0 0 rg BT 250.94 304.25 Td (s auditors and the audit committee of the registrant) Tj ET Q q 0 0 0 rg BT 457.00 304.25 Td (s board of directors \(or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 292.25 Td (persons performing the equivalent functions\): ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 274.25 Td (a. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 274.25 Td (all significant deficiencies and material weaknesses in the design or operation of internal control over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 262.25 Td (financial reporting which are reasonably likely to adversely af) Tj ET Q q 0 0 0 rg BT 370.05 262.25 Td (fect the registrant) Tj ET Q q 0 0 0 rg BT 442.80 262.25 Td (s ability to record, process, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 250.25 Td (summarize and report financial information; and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 232.25 Td (b. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 232.25 Td (any fraud, whether or not material, that involves management or other employees who have a significant role ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 220.25 Td (in the registrant) Tj ET Q q 0 0 0 rg BT 187.54 220.25 Td (s internal control over financial reporting.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (Date: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.16 190.25 Td (November9, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.86 190.25 Td ( ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 164.75 m 561.5 164.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.00 169.42 Td (/s/ Timothy Skidmore) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.00 154.42 Td (Timothy Skidmore) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.00 139.42 Td (Executive Vice President and Chief Financial Officer) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 285 0 obj <> endobj 286 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.30 742.25 Td (Exhibit 32.1 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.00 718.25 Td (CER) Tj ET Q q 0 0 0 rg BT 249.76 718.25 Td (TIFICA) Tj ET Q q 0 0 0 rg BT 284.02 718.25 Td (TION PURSUANT) Tj ET Q q 0 0 0 rg BT 366.35 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 368.67 718.25 Td (T) Tj ET Q q 0 0 0 rg BT 375.16 718.25 Td (O) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 177.10 706.25 Td (SECTION 906 OF) Tj ET Q q 0 0 0 rg BT 255.63 706.25 Td ( ) Tj ET Q q 0 0 0 rg BT 257.95 706.25 Td (THE SARBANES-OXLEY) Tj ET Q q 0 0 0 rg BT 373.44 706.25 Td ( ) Tj ET Q q 0 0 0 rg BT 375.39 706.25 Td (ACT) Tj ET Q q 0 0 0 rg BT 396.32 706.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 412.33 706.25 Td ( 2002) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 247.65 694.25 Td (\(18 U.S.C. SECTION 1350\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 670.25 Td (In connection with the ) Tj ET Q q 0 0 0 rg BT 177.65 670.25 Td (Annual Report on Form 10-K of CHS Inc. \(the Company\) for the fiscal year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.39 658.25 Td ( as filed with the Securities and Exchange Commission on the date hereof \(the Report\), I, Jay D. Debertin, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (President and Chief Executive Of) Tj ET Q q 0 0 0 rg BT 184.22 646.25 Td (ficer of the Company) Tj ET Q q 0 0 0 rg BT 268.82 646.25 Td (, certify) Tj ET Q q 0 0 0 rg BT 299.27 646.25 Td (, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (Section 906 of the Sarbanes-Oxley ) Tj ET Q q 0 0 0 rg BT 191.36 634.25 Td (Act of 2002, that:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 616.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 616.25 Td (The Report fully complies with the requirements of Section 13\(a\) or 15\(d\) of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 512.22 616.25 Td (Act of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 604.25 Td (1934, as amended; and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 586.25 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 586.25 Td (The information contained in the Report fairly presents, in all material respects, the financial condition and results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 574.25 Td (of operations of the Company) Tj ET Q q 0 0 0 rg BT 222.77 574.25 Td (.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 530.75 m 561.5 530.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.00 535.42 Td (/s/ Jay D. Debertin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.00 520.42 Td (Jay D. 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SECTION 1350\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 670.25 Td (In connection with the ) Tj ET Q q 0 0 0 rg BT 177.65 670.25 Td (Annual Report on Form 10-K of CHS Inc. \(the Company\) for the fiscal year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (August31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.39 658.25 Td ( as filed with the Securities and Exchange Commission on the date hereof \(the Report\), I, ) Tj ET Q q 0 0 0 rg BT 484.43 658.25 Td (T) Tj ET Q q 0 0 0 rg BT 490.19 658.25 Td (imothy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (Skidmore, Executive ) Tj ET Q q 0 0 0 rg BT 136.19 646.25 Td (V) Tj ET Q q 0 0 0 rg BT 142.81 646.25 Td (ice President and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 288.42 646.25 Td (ficer of the Company) Tj ET Q q 0 0 0 rg BT 373.02 646.25 Td (, certify) Tj ET Q q 0 0 0 rg BT 403.46 646.25 Td (, pursuant to 18 U.S.C. Section 1350, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (as adopted pursuant to Section 906 of the Sarbanes-Oxley ) Tj ET Q q 0 0 0 rg BT 283.56 634.25 Td (Act of 2002, that:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 616.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 616.25 Td (The Report fully complies with the requirements of Section 13\(a\) or 15\(d\) of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 512.22 616.25 Td (Act of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 604.25 Td (1934, as amended; and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 586.25 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 586.25 Td (The information contained in the Report fairly presents, in all material respects, the financial condition and results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 574.25 Td (of operations of the Company) Tj ET Q q 0 0 0 rg BT 222.77 574.25 Td (.) 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