%PDF-1.5 1 0 obj <> endobj 3 0 obj <>] /Rotate 0 /Contents 4 0 R>> endobj 4 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 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 55.5 741.6 m 155.5 741.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 155.5 741.6 m 255.5 741.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 741.6 m 355.5 741.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 741.6 m 455.5 741.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 741.6 m 555.5 741.6 l s BT /F1 10.00 Tf ET BT /F2 14.00 Tf ET q 0 0 0 rg BT 99.10 725.30 Td (UNITED ST) Tj ET Q q 0 0 0 rg BT 173.14 725.30 Td (A) Tj ET Q q 0 0 0 rg BT 182.21 725.30 Td (TES SECURITIES ) Tj ET Q q 0 0 0 rg BT 299.71 725.30 Td (AND EXCHANGE COMMISSION) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 244.15 710.90 Td (W) Tj ET Q q 0 0 0 rg BT 255.49 710.90 Td (ashington,D.C. 20549) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.00 698.90 Td (________________________________________) Tj ET Q BT /F2 18.00 Tf ET q 0 0 0 rg BT 263.25 677.30 Td (Form10-Q) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.00 665.30 Td (________________________________________) Tj ET Q /GS0 gs q 10.70 0 0 11.71 57.30 640.59 cm /I1 Do Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 631.93 Td () Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 83.00 643.92 Td (Quarterly Report pursuant to Section 13 or 15\(d\) of the Securities Exchange Act of 1934 for) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 83.00 631.92 Td (the quarterly period ended May 31, 2017.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.85 617.53 Td (or) Tj ET Q /GS0 gs q 10.69 0 0 11.71 57.30 598.59 cm /I2 Do Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 74.00 589.93 Td () Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 83.00 601.92 Td (Transition Report pursuant to Section 13 or 15\(d\) of the Securities Exchange Act of 1934 for) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 83.00 589.92 Td (the transition period from to) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 228.90 561.30 Td (Commission file number: 001-36079) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.00 549.30 Td (________________________________________) Tj ET Q BT /F2 22.00 Tf ET q 0 0 0 rg BT 262.60 522.90 Td (CHS Inc.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 201.45 510.90 Td (\(Exact name of r) Tj ET Q q 0 0 0 rg BT 268.00 510.90 Td (egistrant as specified in its charter\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 151.00 491.13 Td (Minnesota) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.60 480.97 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 116.10 480.97 Td (\(State or other jurisdiction of) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 111.70 470.96 Td (incorporation or or) Tj ET Q q 0 0 0 rg BT 189.67 470.96 Td (ganization\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.00 471.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.30 491.13 Td (41-0251095) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.90 480.97 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 407.40 480.97 Td (\(I.R.S. Employer) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 393.50 470.96 Td (Identification Number\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 135.70 450.13 Td (5500 Cenex Drive ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.00 440.13 Td (Inver) Tj ET Q q 0 0 0 rg BT 114.15 440.13 Td ( Gr) Tj ET Q q 0 0 0 rg BT 128.69 440.13 Td (ove Heights, Minnesota 55077) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.50 429.97 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 97.00 429.97 Td (\(Addr) Tj ET Q q 0 0 0 rg BT 119.96 429.97 Td (ess of principal executive offices,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 135.15 419.96 Td (including zip code\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.00 419.07 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.25 439.28 Td (\(651\) 355-6000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.85 429.12 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 377.35 429.12 Td (\(Registrant) Tj ET Q q 0 0 0 rg BT 424.39 429.12 Td (s telephone number) Tj ET Q q 0 0 0 rg BT 501.59 429.12 Td (,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 398.00 419.11 Td (including ar) Tj ET Q q 0 0 0 rg BT 446.79 419.11 Td (ea code\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.00 402.90 Td (________________________________________) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.00 369.30 Td (Indicate by check mark whether the Registrant \(1\)has filed all reports required to be filed by Section13 or 15\(d\) of the Securities ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.00 358.50 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 105.23 358.50 Td (Act of 1934 during the preceding 12months \(or for such shorter period that the registrant was required to file such reports\), ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.00 347.70 Td (and \(2\)has been subject to such filing requirements for the past 90days.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 275.70 336.90 Td (YES ) Tj ET Q /GS0 gs q 8.02 0 0 9.04 295.46 334.96 cm /I3 Do Q /GS0 gs q 9.00 0 0 9.04 303.48 334.96 cm /I4 Do Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 312.48 336.90 Td (NO ) Tj ET Q /GS0 gs q 8.02 0 0 9.04 328.23 334.96 cm /I5 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.00 315.30 Td (Indicate by check mark whether the Registrant has submitted electronically and posted on its corporate website, if any) Tj ET Q q 0 0 0 rg BT 492.78 315.30 Td (, every Interactive ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.00 304.50 Td (Data File required to be submitted and posted pursuant to Rule405 of RegulationS-T) Tj ET Q q 0 0 0 rg BT 376.78 304.50 Td ( \(232.405 of this chapter\) during the preceding ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.00 293.70 Td (12months \(or for such shorter period that the Registrant was required to submit and post such files\).) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 275.70 282.90 Td (YES ) Tj ET Q /GS0 gs q 8.02 0 0 9.04 295.46 280.96 cm /I6 Do Q /GS0 gs q 9.00 0 0 9.04 303.48 280.96 cm /I7 Do Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 312.48 282.90 Td (NO ) Tj ET Q /GS0 gs q 8.02 0 0 9.04 328.23 280.96 cm /I8 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.00 261.30 Td (Indicate by check mark whether the Registrant is a lar) Tj ET Q q 0 0 0 rg BT 262.01 261.30 Td (ge accelerated filer) Tj ET Q q 0 0 0 rg BT 330.09 261.30 Td (, an accelerated filer) Tj ET Q q 0 0 0 rg BT 402.68 261.30 Td (, a non-accelerated filer) Tj ET Q q 0 0 0 rg BT 487.26 261.30 Td (, smaller reporting ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.00 250.50 Td (company) Tj ET Q q 0 0 0 rg BT 100.41 250.50 Td (, or an emer) Tj ET Q q 0 0 0 rg BT 143.22 250.50 Td (ging growth company) Tj ET Q q 0 0 0 rg BT 221.62 250.50 Td (. See the definitions of lar) Tj ET Q q 0 0 0 rg BT 318.43 250.50 Td (ge accelerated filer) Tj ET Q q 0 0 0 rg BT 386.52 250.50 Td (, accelerated filer) Tj ET Q q 0 0 0 rg BT 456.34 250.50 Td (, smaller reporting ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.00 239.70 Td (company) Tj ET Q q 0 0 0 rg BT 100.41 239.70 Td (, and "emer) Tj ET Q q 0 0 0 rg BT 145.64 239.70 Td (ging growth company" in Rule12b-2 of the Exchange ) Tj ET Q q 0 0 0 rg BT 342.53 239.70 Td (Act.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 54.45 220.46 Td (Lar) Tj ET Q q 0 0 0 rg BT 66.78 220.46 Td (ge accelerated filer) Tj ET Q /GS0 gs q 8.02 0 0 9.18 137.47 218.52 cm /I9 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 153.25 220.46 Td (Accelerated filer) Tj ET Q /GS0 gs q 8.02 0 0 9.18 215.71 218.52 cm /I10 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 233.75 220.46 Td (Non-accelerated filer) Tj ET Q /GS0 gs q 8.02 0 0 9.18 312.20 218.52 cm /I11 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.10 220.46 Td (Smaller reporting company) Tj ET Q /GS0 gs q 8.02 0 0 9.18 430.82 218.52 cm /I12 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.20 220.46 Td (Emer) Tj ET Q q 0 0 0 rg BT 464.53 220.46 Td (ging growth company) Tj ET Q /GS0 gs q 8.02 0 0 9.18 545.76 218.52 cm /I13 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 230.10 206.46 Td (\(Do not check if a smaller) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 241.35 195.66 Td (reporting company\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.00 159.30 Td (If an emer) Tj ET Q q 0 0 0 rg BT 104.81 159.30 Td (ging growth company) Tj ET Q q 0 0 0 rg BT 183.22 159.30 Td (, indicate by check mark if the Registrant has elected not to use the extended transition period for ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.00 148.50 Td (complying with any new or revised financial accounting standards provided pursuant to Section 13\(a\) of the Exchange ) Tj ET Q q 0 0 0 rg BT 496.63 148.50 Td (Act.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 511.87 148.50 Td ( ) Tj ET Q /GS0 gs q 8.02 0 0 9.18 514.12 146.56 cm /I14 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.00 126.90 Td (Indicate by check mark whether the Registrant is a shell company \(as defined in Rule12b-2 of the Exchange ) Tj ET Q q 0 0 0 rg BT 461.12 126.90 Td (Act\).) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 275.70 116.10 Td (YES ) Tj ET Q /GS0 gs q 8.02 0 0 9.04 295.46 114.16 cm /I15 Do Q /GS0 gs q 9.00 0 0 9.04 303.48 114.16 cm /I16 Do Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 312.48 116.10 Td (NO ) Tj ET Q /GS0 gs q 8.02 0 0 9.04 328.23 114.16 cm /I17 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.00 94.50 Td (Indicate the number of shares outstanding of each of the Registrant) Tj ET Q q 0 0 0 rg BT 311.92 94.50 Td (s classes of common stock, as of the latest practicable date: ) Tj ET Q q 0 0 0 rg BT 527.19 94.50 Td (The ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.00 83.70 Td (Registrant has no common stock outstanding.) Tj ET Q 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 55.5 62.39999999999998 m 155.5 62.39999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 155.5 62.39999999999998 m 255.5 62.39999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 62.39999999999998 m 355.5 62.39999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 62.39999999999998 m 455.5 62.39999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 62.39999999999998 m 555.5 62.39999999999998 l s BT /F1 10.00 Tf ET endstream endobj 5 0 obj <><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><>] /Rotate 0 /Contents 6 0 R>> endobj 6 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.85 749.25 Td (INDEX) Tj ET Q 1 1 1 rg /GS0 gs 74.50 710.75 475.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 74.50 695.75 475.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 74.50 680.75 475.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 74.50 665.75 475.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 74.50 650.75 475.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 74.50 635.75 475.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 74.50 620.75 475.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 74.50 605.75 475.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 74.50 590.75 475.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 74.50 560.75 475.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 74.50 545.75 475.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 74.50 530.75 475.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 74.50 515.75 475.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 36.50 485.75 513.00 -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 549.5 710.75 m 576.5 710.75 l s BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 1 rg BT 235.15 715.20 Td (P) Tj ET Q q 0 0 1 rg BT 239.98 715.20 Td (AR) Tj ET Q q 0 0 1 rg BT 252.66 715.20 Td (T) Tj ET Q q 0 0 1 rg BT 258.50 715.20 Td ( I. FINANCIAL) Tj ET Q q 0 0 1 rg BT 319.26 715.20 Td ( INFORMA) Tj ET Q q 0 0 1 rg BT 364.84 715.20 Td (TION) Tj ET Q BT /F2 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 553.25 724.15 Td (Page) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 555.85 715.15 Td (No.) 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 39 699.01005859375 m 64.49267578125 699.01005859375 l s q 0 0 1 rg BT 39.00 700.21 Td (Item 1.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 77 699.01005859375 m 195.96875 699.01005859375 l s q 0 0 1 rg BT 77.00 700.21 Td (Financial Statements \(unaudited\)) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 9.00 Tf ET q 0 0 0 rg BT 197.25 700.01 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 77 684.01005859375 m 330.21728515625 684.01005859375 l s q 0 0 1 rg BT 77.00 685.21 Td (Consolidated Balance Sheets as of May 31, 2017 and ) Tj ET Q q 0 0 1 rg BT 270.46 685.21 Td (August 31, 2016) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 9.00 Tf ET q 0 0 0 rg BT 332.25 685.01 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 77 669.01005859375 m 437.42626953125 669.01005859375 l s q 0 0 1 rg BT 77.00 670.21 Td (Consolidated Statements of Operations for the three and nine months ended May 31, 2017 and 2016) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.00 670.01 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 77 654.01005859375 m 483.6611328125 654.01005859375 l s q 0 0 1 rg BT 77.00 655.21 Td (Consolidated Statements of Comprehensive Income for the three and nine months ended May 31, 2017 and 2016) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.25 655.01 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 77 639.01005859375 m 404.71337890625 639.01005859375 l s q 0 0 1 rg BT 77.00 640.21 Td (Consolidated Statements of Cash Flows for the nine months ended May 31, 2017 and 2016) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 9.00 Tf ET q 0 0 0 rg BT 406.50 640.01 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 77 624.01005859375 m 234.47802734375 624.01005859375 l s q 0 0 1 rg BT 77.00 625.21 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 9.00 Tf ET q 0 0 0 rg BT 235.50 625.01 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 39 609.01005859375 m 64.49267578125 609.01005859375 l s q 0 0 1 rg BT 39.00 610.21 Td (Item 2.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 77 609.01005859375 m 399.4619140625 609.01005859375 l s q 0 0 1 rg BT 77.00 610.21 Td (Management) Tj ET Q q 0 0 1 rg BT 126.48 610.21 Td (s Discussion and ) Tj ET Q q 0 0 1 rg BT 188.74 610.21 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 9.00 Tf ET q 0 0 0 rg BT 399.75 610.01 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 39 594.01005859375 m 64.49267578125 594.01005859375 l s q 0 0 1 rg BT 39.00 595.21 Td (Item 3.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 77 594.01005859375 m 292.45068359375 594.01005859375 l s q 0 0 1 rg BT 77.00 595.21 Td (Quantitative and Qualitative Disclosures about Market Risk) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.00 595.01 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 39 579.01005859375 m 64.49267578125 579.01005859375 l s q 0 0 1 rg BT 39.00 580.21 Td (Item 4.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 77 579.01005859375 m 165.48388671875 579.01005859375 l s q 0 0 1 rg BT 77.00 580.21 Td (Controls and Procedures) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 9.00 Tf ET q 0 0 0 rg BT 165.75 580.01 Td (.........................................................................................................................................................................) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 1 rg BT 242.40 565.20 Td (P) Tj ET Q q 0 0 1 rg BT 247.23 565.20 Td (AR) Tj ET Q q 0 0 1 rg BT 259.91 565.20 Td (T) Tj ET Q q 0 0 1 rg BT 265.75 565.20 Td ( II. 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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 39 534.01005859375 m 70.9921875 534.01005859375 l s q 0 0 1 rg BT 39.00 535.21 Td (Item 1A.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 77 534.01005859375 m 122.25048828125 534.01005859375 l s q 0 0 1 rg BT 77.00 535.21 Td (Risk Factors) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 9.00 Tf ET q 0 0 0 rg BT 123.00 535.01 Td (............................................................................................................................................................................................) 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0.9333333333333333 1 rg /GS0 gs 50.50 219.75 370.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 219.75 69.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 219.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 219.75 69.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 191.75 370.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 191.75 69.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 191.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 191.75 69.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 163.75 370.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 163.75 69.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 163.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 163.75 69.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 135.75 370.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 135.75 69.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 135.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 135.75 69.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 107.75 370.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.50 107.75 69.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 107.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 107.75 69.00 -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 420.5 638.75 m 489.5 638.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 638.75 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 420.5 499.75 m 489.5 499.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 499.75 m 562.5 499.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 499.75 m 489.5 499.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 499.75 m 562.5 499.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 443.75 m 489.5 443.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 443.75 m 562.5 443.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 443.75 m 489.5 443.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 430.75 m 489.5 430.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 428.75 m 489.5 428.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 443.75 m 562.5 443.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 430.75 m 562.5 430.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 428.75 m 562.5 428.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 289.75 m 489.5 289.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 289.75 m 562.5 289.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 289.75 m 489.5 289.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 289.75 m 562.5 289.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 149.75 m 489.5 149.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 149.75 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 420.5 149.75 m 489.5 149.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 149.75 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 420.5 121.75 m 489.5 121.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 121.75 m 562.5 121.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 121.75 m 489.5 121.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 107.75 m 489.5 107.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 121.75 m 562.5 121.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 107.75 m 562.5 107.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 94.75 m 489.5 94.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 92.75 m 489.5 92.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 94.75 m 562.5 94.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 92.75 m 562.5 92.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 643.42 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.70 650.98 Td (May 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.50 642.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.25 650.98 Td (August 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.50 642.98 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 629.32 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.20 629.98 Td (\(Dollars in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.35 616.43 Td (ASSETS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 602.32 Td (Current assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.00 602.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 588.32 Td (Cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.00 588.32 Td (..................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.00 588.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.15 588.32 Td (267,229) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.00 588.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 588.32 Td (279,313) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 574.32 Td (Receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.50 574.32 Td (.........................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.65 574.32 Td (2,722,325) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 574.32 Td (2,880,763) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 560.32 Td (Inventories) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 560.32 Td (..........................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.65 560.32 Td (2,684,087) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 560.32 Td (2,370,699) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 546.32 Td (Derivative assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.50 546.32 Td (.................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.15 546.32 Td (388,188) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 546.32 Td (543,821) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 532.32 Td (Margin deposits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.00 532.32 Td (..................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.15 532.32 Td (251,695) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 532.32 Td (310,276) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 518.32 Td (Supplier advance payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.00 518.32 Td (................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.15 518.32 Td (431,433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 518.32 Td (347,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 504.32 Td (Other current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.50 504.32 Td (.............................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.15 504.32 Td (255,236) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 504.32 Td (202,708) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 490.32 Td (Total current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.00 490.32 Td (..................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.65 490.32 Td (7,000,193) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 490.32 Td (6,935,180) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 476.32 Td (Investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.00 476.32 Td (..............................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.65 476.32 Td (3,841,749) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 476.32 Td (3,795,976) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 462.32 Td (Property, plant and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.50 462.32 Td (.................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.65 462.32 Td (5,409,151) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 462.32 Td (5,488,323) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 448.32 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.00 448.32 Td (..............................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.15 448.32 Td (970,704) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 448.32 Td (1,092,656) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 434.32 Td (Total assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.50 434.32 Td (...............................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.00 434.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 434.32 Td (17,221,797) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.00 434.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.65 434.32 Td (17,312,135) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 166.90 420.43 Td (LIABILITIES AND EQUITIES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 406.32 Td (Current liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.00 406.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.00 406.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 392.32 Td (Notes payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 392.32 Td (......................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.00 392.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.65 392.32 Td (3,321,808) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.00 392.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 392.32 Td (2,731,479) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 378.32 Td (Current portion of long-term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.50 378.32 Td (.......................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.15 378.32 Td (193,096) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 378.32 Td (214,329) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 364.32 Td (Customer margin deposits and credit balances) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.50 364.32 Td (...................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.15 364.32 Td (132,479) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 364.32 Td (208,991) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 350.32 Td (Customer advance payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.00 350.32 Td (..............................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.15 350.32 Td (390,576) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 350.32 Td (412,823) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 336.32 Td (Accounts payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.00 336.32 Td (................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.65 336.32 Td (1,809,868) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 336.32 Td (1,819,049) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 322.32 Td (Derivative liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.00 322.32 Td (............................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.15 322.32 Td (284,212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 322.32 Td (513,599) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 308.32 Td (Accrued expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 308.32 Td (...............................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.15 308.32 Td (422,371) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 308.32 Td (422,494) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 294.32 Td (Dividends and equities payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.00 294.32 Td (..........................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.15 294.32 Td (134,718) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 294.32 Td (198,031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 280.32 Td (Total current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.50 280.32 Td (.............................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.65 280.32 Td (6,689,128) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 280.32 Td (6,520,795) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 266.32 Td (Long-term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 266.32 Td (........................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.65 266.32 Td (2,046,264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 266.32 Td (2,082,876) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 252.32 Td (Long-term deferred tax liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.00 252.32 Td (............................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.15 252.32 Td (350,966) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 252.32 Td (487,762) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 238.32 Td (Other liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.00 238.32 Td (........................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.15 238.32 Td (276,483) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 238.32 Td (354,452) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 224.32 Td (Commitments and contingencies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 210.32 Td (Equities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.00 210.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.00 210.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 196.32 Td (Preferred stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.00 196.32 Td (....................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.65 196.32 Td (2,264,063) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 196.32 Td (2,244,132) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 182.32 Td (Equity certificates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.50 182.32 Td (...............................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.65 182.32 Td (4,214,657) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 182.32 Td (4,237,174) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 168.32 Td (Accumulated other comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.50 168.32 Td (.............................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.80 168.37 Td (\(209,700) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 168.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.80 168.37 Td (\(211,726) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 168.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 154.32 Td (Capital reserves) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.50 154.32 Td (...................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.65 154.32 Td (1,577,469) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 154.32 Td (1,582,380) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 140.32 Td (Total CHS Inc. equities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.50 140.32 Td (.......................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.65 140.32 Td (7,846,489) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 140.32 Td (7,851,960) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 126.32 Td (Noncontrolling interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.00 126.32 Td (......................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 126.32 Td (12,467) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 126.32 Td (14,290) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 112.32 Td (Total equities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.50 112.32 Td (...........................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.65 112.32 Td (7,858,956) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 112.32 Td (7,866,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 98.32 Td (Total liabilities and equities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.50 98.32 Td (.....................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.00 98.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 98.32 Td (17,221,797) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.00 98.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.65 98.32 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 111.20 74.25 Td (The accompanying notes are an integral part of the consolidated financial statements \(unaudited\).) 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705.25 Td (\(Unaudited\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 637.75 256.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 637.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 637.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 637.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 637.75 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 637.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 637.75 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 637.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 609.75 256.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 609.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 609.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 609.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 609.75 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 609.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 609.75 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 609.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 581.75 256.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 581.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 581.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 581.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 581.75 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 581.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 581.75 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 581.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 553.75 256.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 553.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 553.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 553.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 553.75 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 553.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 553.75 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 553.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 525.75 256.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 525.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 525.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 525.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 525.75 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 525.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 525.75 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 525.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 497.75 256.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 497.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 497.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 497.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 497.75 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 497.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 497.75 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 497.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 469.75 256.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 469.75 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 469.75 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 469.75 59.00 -14.00 re f /GS0 gs 0.8 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1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 670.75 m 371.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 670.75 m 430.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 670.75 m 496.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 670.75 m 503.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 670.75 m 562.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 670.75 m 365.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 651.75 m 365.5 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 670.75 m 430.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 651.75 m 430.5 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 670.75 m 496.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 651.75 m 496.5 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 670.75 m 562.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 651.75 m 562.5 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 609.75 m 365.5 609.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 609.75 m 430.5 609.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 609.75 m 496.5 609.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 609.75 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 306.5 567.75 m 365.5 567.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 567.75 m 430.5 567.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 567.75 m 496.5 567.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 567.75 m 562.5 567.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 497.75 m 365.5 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 497.75 m 430.5 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 497.75 m 496.5 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 497.75 m 562.5 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 469.75 m 365.5 469.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 469.75 m 430.5 469.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 469.75 m 496.5 469.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 469.75 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 306.5 441.75 m 365.5 441.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 441.75 m 430.5 441.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 441.75 m 496.5 441.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 441.75 m 562.5 441.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 428.75 m 365.5 428.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 426.75 m 365.5 426.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 428.75 m 430.5 428.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 426.75 m 430.5 426.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 428.75 m 496.5 428.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 426.75 m 496.5 426.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 428.75 m 562.5 428.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 426.75 m 562.5 426.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 178.00 675.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 318.20 682.98 Td (For the Three Months Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.20 674.98 Td (May 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.75 682.98 Td (For the Nine Months Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.70 674.98 Td (May 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 178.00 656.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.50 655.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.50 655.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.50 655.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.50 655.98 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 178.00 642.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.20 641.98 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 628.32 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.00 628.32 Td (....................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.00 628.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.60 628.32 Td (8,614,090) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.00 628.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.60 628.32 Td (7,796,588) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 628.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.60 628.32 Td (23,982,746) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.00 628.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 628.32 Td (22,164,710) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 614.32 Td (Cost of goods sold) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.00 614.32 Td (......................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.60 614.32 Td (8,366,988) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.60 614.32 Td (7,479,076) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.60 614.32 Td (23,142,205) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 614.32 Td (21,346,376) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 600.32 Td (Gross profit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.00 600.32 Td (................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 600.32 Td (247,102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.15 600.32 Td (317,512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 600.32 Td (840,541) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 600.32 Td (818,334) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 586.32 Td (Marketing, general and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.00 586.32 Td (......................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 586.32 Td (153,498) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.15 586.32 Td (143,436) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 586.32 Td (459,831) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 586.32 Td (468,394) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 572.32 Td (Reserve and impairment charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.50 572.32 Td (...............................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 572.32 Td (323,901) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.15 572.32 Td (26,016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 572.32 Td (414,009) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 572.32 Td (33,869) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 558.32 Td (Operating earnings \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.50 558.32 Td (...........................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.80 558.37 Td (\(230,297) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 558.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.15 558.32 Td (148,060) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.80 558.37 Td (\(33,299) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 558.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 558.32 Td (316,071) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 544.32 Td (\(Gain\) loss on investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.50 544.32 Td (.........................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.30 544.37 Td (\(393) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 544.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.30 544.37 Td (\(700) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 544.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 544.32 Td (4,226) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 544.37 Td (\(9,422) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 544.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 530.32 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.00 530.32 Td (..........................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 530.32 Td (39,201) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.15 530.32 Td (37,466) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 530.32 Td (117,411) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 530.32 Td (71,553) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 516.32 Td (Other income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.00 516.32 Td (..............................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.80 516.37 Td (\(11,554) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 516.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.80 516.37 Td (\(10,774) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 516.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.80 516.37 Td (\(70,409) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 516.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 516.37 Td (\(22,155) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 516.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 502.32 Td (Equity \(income\) loss from investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.50 502.32 Td (.....................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.80 502.37 Td (\(48,393) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 502.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.80 502.37 Td (\(72,453) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 502.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.80 502.37 Td (\(124,521) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 502.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.80 502.37 Td (\(131,819) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 502.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 488.32 Td (Income \(loss\) before income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.00 488.32 Td (............................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.80 488.37 Td (\(209,158) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 488.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.15 488.32 Td (194,521) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 488.32 Td (39,994) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 488.32 Td (407,914) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 474.32 Td (Income tax expense \(benefit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.50 474.32 Td (.....................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.80 474.37 Td (\(163,018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 474.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.15 474.32 Td (4,838) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.80 474.37 Td (\(137,781) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 474.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 474.37 Td (\(17,761) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 474.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 460.32 Td (Net income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.50 460.32 Td (.......................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.80 460.37 Td (\(46,140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 460.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.15 460.32 Td (189,683) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 460.32 Td (177,775) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 460.32 Td (425,675) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 446.32 Td (Net income \(loss\) attributable to noncontrolling interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.50 446.32 Td (.........) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.30 446.37 Td (\(955) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 446.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.30 446.37 Td (\(592) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 446.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.30 446.37 Td (\(757) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.65 446.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 446.37 Td (\(92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 446.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 432.32 Td (Net income \(loss\) attributable to CHS Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.00 432.32 Td (................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.00 432.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.80 432.37 Td (\(45,185) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 432.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.00 432.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.15 432.32 Td (190,275) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 432.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 432.32 Td (178,532) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.00 432.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 432.32 Td (425,767) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.20 404.25 Td (The accompanying notes are an integral part of the consolidated financial statements \(unaudited\).) 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 (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 235.70 729.25 Td (CHS INC. ) Tj ET Q q 0 0 0 rg BT 281.54 729.25 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 154.75 717.25 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 214.57 717.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 249.13 717.25 Td (A) Tj ET Q q 0 0 0 rg BT 255.60 717.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 320.52 717.25 Td ( COMPREHENSIVE INCOME) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.15 705.25 Td (\(Unaudited\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 639.75 269.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 639.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 639.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 639.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 639.75 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 639.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 639.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 639.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 611.75 269.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 611.75 57.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 611.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 611.75 57.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 611.75 7.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 611.75 57.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 611.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 611.75 57.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 551.75 269.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 551.75 57.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 551.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 551.75 57.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 551.75 7.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 551.75 57.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 551.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 551.75 57.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 501.75 269.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 501.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 501.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 501.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 501.75 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 501.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 501.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 501.75 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 473.75 269.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 473.75 57.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 473.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 473.75 57.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 473.75 7.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 473.75 57.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 473.75 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 473.75 57.00 -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 318.5 674.75 m 375.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 674.75 m 379.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 674.75 m 436.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 674.75 m 500.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 674.75 m 504.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 674.75 m 561.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318.5 674.75 m 375.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318.5 653.75 m 375.5 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 674.75 m 379.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 674.75 m 436.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 653.75 m 436.5 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 674.75 m 500.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 653.75 m 500.5 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 674.75 m 504.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 674.75 m 561.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 653.75 m 561.5 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318.5 501.75 m 375.5 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 501.75 m 436.5 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 501.75 m 500.5 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 501.75 m 561.5 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318.5 501.75 m 375.5 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318.5 487.75 m 375.5 487.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 501.75 m 436.5 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 487.75 m 436.5 487.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 487.75 m 500.5 487.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 487.75 m 561.5 487.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318.5 449.75 m 375.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 449.75 m 436.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 449.75 m 500.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 449.75 m 561.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318.5 449.75 m 375.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318.5 436.75 m 375.5 436.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318.5 434.75 m 375.5 434.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 449.75 m 436.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 436.75 m 436.5 436.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 434.75 m 436.5 434.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 449.75 m 500.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 436.75 m 500.5 436.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 434.75 m 500.5 434.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 449.75 m 561.5 449.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 436.75 m 561.5 436.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 434.75 m 561.5 434.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.20 686.83 Td (For the Three Months Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.20 678.83 Td (May 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.25 686.83 Td (For the Nine Months Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.20 678.83 Td (May 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 338.50 657.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.50 657.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.50 657.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.50 657.98 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 644.32 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.70 643.98 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 630.32 Td (Net income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.00 630.32 Td (............................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.00 630.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.80 630.37 Td (\(46,140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.65 630.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.00 630.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 630.32 Td (189,683) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.00 630.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 630.32 Td (177,775) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.00 630.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 630.32 Td (425,675) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 616.32 Td (Other comprehensive income \(loss\), net of tax:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 601.42 Td ( Postretirement benefit plan activity, net of tax expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 591.42 Td (\(benefit\) of $2,257, $2,122, $6,580 and $5,911, respectively) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 591.42 Td (3,635) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 591.42 Td (3,378) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 591.42 Td (10,599) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 591.42 Td (9,806) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 576.42 Td ( Unrealized net gain \(loss\) on available for sale investments,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 566.42 Td (net of tax expense \(benefit\) of $\(72\), $744, $1,010 and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 556.42 Td ($303, respectively) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.00 556.32 Td (..................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.30 556.47 Td (\(117) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.65 556.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 556.42 Td (1,201) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 556.42 Td (1,627) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 556.42 Td (462) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 541.42 Td ( Cash flow hedges, net of tax expense \(benefit\) of $233,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 531.42 Td ($1,595, $1,238 and $\(2,456\), respectively) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.50 531.32 Td (.............................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 531.42 Td (375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 531.42 Td (2,574) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 531.42 Td (1,993) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 531.47 Td (\(3,945) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 531.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 516.42 Td ( Foreign currency translation adjustment, net of tax expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 506.42 Td (\(benefit\) of $\(334\), $0, $\(329\) and $0, respectively) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.00 506.32 Td (..............) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.80 506.47 Td (\(2,151) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.65 506.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 506.42 Td (7,761) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.80 506.47 Td (\(12,193) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 506.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 506.47 Td (\(5,910) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 506.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 492.32 Td (Other comprehensive income \(loss\), net of tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.50 492.32 Td (...............................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 492.32 Td (1,742) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 492.32 Td (14,914) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 492.32 Td (2,026) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 492.32 Td (413) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 478.32 Td (Comprehensive income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.50 478.32 Td (.........................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.80 478.37 Td (\(44,398) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.65 478.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 478.32 Td (204,597) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 478.32 Td (179,801) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 478.32 Td (426,088) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 464.32 Td ( Less: comprehensive income \(loss\) attributable to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.50 454.32 Td (noncontrolling interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.50 454.32 Td (.............................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.30 454.47 Td (\(955) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.65 454.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.30 454.47 Td (\(592) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.65 454.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.30 454.47 Td (\(757) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 454.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.30 454.47 Td (\(92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 454.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 440.32 Td (Comprehensive income \(loss\) attributable to CHS Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.00 440.32 Td (..................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.00 440.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.80 440.37 Td (\(43,443) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.65 440.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.00 440.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 440.32 Td (205,189) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.00 440.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 440.32 Td (180,558) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.00 440.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 440.32 Td (426,180) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.20 412.25 Td (The accompanying notes are an integral part of the consolidated financial statements \(unaudited\).) 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390.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 390.75 m 505.5 390.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 379.75 m 505.5 379.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 390.75 m 566.5 390.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 379.75 m 566.5 379.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 247.75 m 505.5 247.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 247.75 m 566.5 247.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 247.75 m 505.5 247.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 236.75 m 505.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 247.75 m 566.5 247.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 236.75 m 566.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 137.75 m 505.5 137.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 137.75 m 566.5 137.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 137.75 m 505.5 137.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 126.75 m 505.5 126.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 137.75 m 566.5 137.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 126.75 m 566.5 126.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 115.75 m 505.5 115.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 115.75 m 566.5 115.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 115.75 m 505.5 115.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 115.75 m 566.5 115.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 93.75 m 505.5 93.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 93.75 m 566.5 93.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 93.75 m 505.5 93.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 83.75 m 505.5 83.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 81.75 m 505.5 81.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 93.75 m 566.5 93.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 83.75 m 566.5 83.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 81.75 m 566.5 81.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 47.00 701.42 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.25 708.98 Td (For the Nine Months Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.20 700.98 Td (May 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 47.00 680.42 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.50 679.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 529.50 679.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.20 667.88 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 47.00 657.06 Td (Cash flows from operating activities:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 646.06 Td (Net income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 100.75 646.06 Td (.........................................................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.00 646.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 472.75 646.06 Td (177,775) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.00 646.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 646.06 Td (425,675) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 635.06 Td (Adjustments to reconcile net income to net cash provided by \(used in\) operating activities:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 624.06 Td (Depreciation and amortization) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 181.75 624.06 Td (.....................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 472.75 624.06 Td (362,118) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 624.06 Td (324,952) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 613.06 Td (Amortization of deferred major repair costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 229.00 613.06 Td (................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.25 613.06 Td (50,565) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 613.06 Td (55,074) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 602.06 Td (\(Income\) loss from equity investments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.00 602.06 Td (........................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 602.06 Td (\(124,521) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 602.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.75 602.06 Td (\(131,819) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 563.00 602.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 591.06 Td (Provision for doubtful accounts) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.25 591.06 Td (...................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 472.75 591.06 Td (198,304) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 591.06 Td (33,869) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 580.06 Td (Distributions from equity investments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 208.75 580.06 Td (.........................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 472.75 580.06 Td (105,558) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 580.06 Td (75,435) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 569.06 Td (Unrealized \(gain\) loss on crack spread contingent liability) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 280.75 569.06 Td (.........................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 569.06 Td (\(13,273) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 569.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.25 569.06 Td (\(51,321) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 563.00 569.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 558.06 Td (Long-lived asset impairment) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 175.00 558.06 Td (........................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.25 558.06 Td (85,431) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 558.06 Td (14,428) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 547.06 Td (Reserve against supplier advance payments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 229.00 547.06 Td (................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 472.75 547.06 Td (130,705) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.00 547.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 536.06 Td (Deferred taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 125.50 536.06 Td (..............................................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 536.06 Td (\(145,357) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 536.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.25 536.06 Td (\(16,356) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 563.00 536.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 525.06 Td (Other, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 107.50 525.06 Td (......................................................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.25 525.06 Td (25,559) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.25 525.06 Td (\(23,414) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 563.00 525.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 514.06 Td (Changes in operating assets and liabilities, net of acquisitions:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 503.06 Td (Receivables) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 127.75 503.06 Td (.............................................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 503.06 Td (\(55,498) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 503.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 503.06 Td (120,613) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 492.06 Td (Inventories) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 125.50 492.06 Td (..............................................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 492.06 Td (\(344,914) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 492.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.75 492.06 Td (\(164,652) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 563.00 492.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 481.06 Td (Derivative assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 145.75 481.06 Td (.....................................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 472.75 481.06 Td (120,294) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.25 481.06 Td (\(65,651) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 563.00 481.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 470.06 Td (Margin deposits) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 141.25 470.06 Td (.......................................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.25 470.06 Td (58,581) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.25 470.06 Td (\(23,988) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 563.00 470.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 459.06 Td (Supplier advance payments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 184.00 459.06 Td (....................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 459.06 Td (\(214,538) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 459.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.75 459.06 Td (\(208,679) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 563.00 459.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 448.06 Td (Other current assets and other assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 215.50 448.06 Td (......................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.25 448.06 Td (19,289) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 448.06 Td (91,095) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 437.06 Td (Customer margin deposits and credit balances) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 249.25 437.06 Td (.......................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 437.06 Td (\(76,355) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 437.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.75 437.06 Td (2,657) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 426.06 Td (Customer advance payments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 188.50 426.06 Td (..................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 426.06 Td (\(23,700) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 426.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.25 426.06 Td (\(54,136) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 563.00 426.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 415.06 Td (Accounts payable and accrued expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 229.00 415.06 Td (................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 472.75 415.06 Td (152,094) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.25 415.06 Td (\(72,161) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 563.00 415.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 404.06 Td (Derivative liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 157.00 404.06 Td (................................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 404.06 Td (\(229,881) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 404.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.75 404.06 Td (9,315) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 393.06 Td (Other liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 141.25 393.06 Td (.......................................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 393.06 Td (\(53,471) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 393.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.25 393.06 Td (\(78,511) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 563.00 393.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 47.00 382.06 Td (Net cash provided by \(used in\) operating activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 229.00 382.06 Td (................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 472.75 382.06 Td (204,765) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 382.06 Td (262,425) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 47.00 371.06 Td (Cash flows from investing activities:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 360.06 Td (Acquisition of property, plant and equipment) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 222.25 360.06 Td (...................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 360.06 Td (\(298,015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 360.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.75 360.06 Td (\(557,689) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 563.00 360.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 349.06 Td (Proceeds from disposition of property, plant and equipment) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 274.00 349.06 Td (............................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.25 349.06 Td (17,702) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.75 349.06 Td (7,023) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 338.06 Td (Expenditures for major repairs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 170.50 338.06 Td (..........................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 338.06 Td (\(1,146) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 338.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.25 338.06 Td (\(19,338) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 563.00 338.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 327.06 Td (Investments in joint ventures and other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 199.75 327.06 Td (.............................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 327.06 Td (\(13,853) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 327.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.00 327.06 Td (\(2,833,968) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 563.00 327.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 316.06 Td (Investments redeemed) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 141.25 316.06 Td (.......................................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.75 316.06 Td (7,698) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 316.06 Td (24,912) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 305.06 Td (Proceeds from sale of investments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 184.00 305.06 Td (....................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.75 305.06 Td (6,170) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 305.06 Td (19,477) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 294.06 Td (Changes in CHS Capital notes receivable, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 224.50 294.06 Td (..................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 294.06 Td (\(104,773) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 294.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.75 294.06 Td (\(230,874) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 563.00 294.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 283.06 Td (Financing extended to customers) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 179.50 283.06 Td (......................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 283.06 Td (\(57,783) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 283.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.25 283.06 Td (\(31,681) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 563.00 283.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 272.06 Td (Payments from customer financing) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 186.25 272.06 Td (...................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.25 272.06 Td (67,126) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 272.06 Td (23,005) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 261.06 Td (Business acquisitions, net of cash acquired) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 213.25 261.06 Td (.......................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 261.06 Td (\(2,253) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 261.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.25 261.06 Td (\(10,139) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 563.00 261.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 250.06 Td (Other investing activities, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 166.00 250.06 Td (............................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.75 250.06 Td (4,975) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.75 250.06 Td (4,911) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 47.00 239.06 Td (Net cash provided by \(used in\) investing activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 229.00 239.06 Td (................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 239.06 Td (\(374,152) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 239.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.00 239.06 Td (\(3,604,361) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 563.00 239.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 47.00 228.06 Td (Cash flows from financing activities:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 217.06 Td (Proceeds from lines of credit and long-term borrowings) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 260.50 217.06 Td (..................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.50 217.06 Td (29,890,570) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.50 217.06 Td (21,377,619) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 206.06 Td (Payments on lines of credit, long term-debt and capital lease obligations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 319.00 206.06 Td (........................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.50 206.06 Td (\(29,362,970) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 206.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.50 206.06 Td (\(18,090,681) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 563.00 206.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 195.06 Td (Mandatorily redeemable noncontrolling interest payments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 269.50 195.06 Td (..............................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 195.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.75 195.06 Td (\(153,022) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 563.00 195.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 184.06 Td (Changes in checks and drafts outstanding) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 208.75 184.06 Td (.........................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 184.06 Td (\(118,844) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 184.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.75 184.06 Td (1,680) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 173.06 Td (Preferred stock dividends paid) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 170.50 173.06 Td (..........................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 173.06 Td (\(125,475) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 173.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.75 173.06 Td (\(121,499) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 563.00 173.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 162.06 Td (Retirements of equities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 143.50 162.06 Td (......................................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 162.06 Td (\(25,503) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 162.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.25 162.06 Td (\(17,117) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 563.00 162.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 151.06 Td (Cash patronage dividends paid) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 170.50 151.06 Td (..........................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 151.06 Td (\(103,879) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 151.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.75 151.06 Td (\(253,150) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 563.00 151.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 140.06 Td (Other financing activities, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 166.00 140.06 Td (............................................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.75 140.06 Td (1,539) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.75 140.06 Td (\(3,246) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 563.00 140.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 47.00 129.06 Td (Net cash provided by \(used in\) financing activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 229.00 129.06 Td (................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 472.75 129.06 Td (155,438) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.00 129.06 Td (2,740,584) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 47.00 118.06 Td (Effect of exchange rate changes on cash and cash equivalents) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 269.50 118.06 Td (..............................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.75 118.06 Td (1,865) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.75 118.06 Td (\(6,060) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 563.00 118.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 47.00 107.06 Td (Net increase \(decrease\) in cash and cash equivalents) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 235.75 107.06 Td (.............................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 107.06 Td (\(12,084) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 107.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.75 107.06 Td (\(607,412) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 563.00 107.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 47.00 96.06 Td (Cash and cash equivalents at beginning of period) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 224.50 96.06 Td (..................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 472.75 96.06 Td (279,313) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 96.06 Td (953,813) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 47.00 85.06 Td (Cash and cash equivalents at end of period) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 202.00 85.06 Td (............................................................................................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.00 85.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 472.75 85.06 Td (267,229) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.00 85.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 85.06 Td (346,401) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.20 59.25 Td (The accompanying notes are an integral part of the consolidated financial statements \(unaudited\).) 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 (6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 235.70 742.25 Td (CHS INC. ) Tj ET Q q 0 0 0 rg BT 281.54 742.25 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.20 730.25 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 184.42 730.25 Td (T) Tj ET Q q 0 0 0 rg BT 190.91 730.25 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 261.01 730.25 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 340.19 730.25 Td ( ST) Tj ET Q q 0 0 0 rg BT 354.18 730.25 Td (A) Tj ET Q q 0 0 0 rg BT 360.66 730.25 Td (TEMENTS \(Unaudited\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (Note 1 ) Tj ET Q q 0 0 0 rg BT 86.00 706.25 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 706.25 Td (Organization, Basis of Pr) Tj ET Q q 0 0 0 rg BT 229.59 706.25 Td (esentation and Significant ) Tj ET Q q 0 0 0 rg BT 342.11 706.25 Td (Accounting Policies) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 684.25 Td (Basis of Presentation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 660.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 660.25 Td (The unaudited Consolidated Balance Sheet as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.33 660.25 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.16 660.25 Td (, the Consolidated Statements of Operations for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.90 660.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 648.25 Td (three and nine months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.97 648.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.47 648.25 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.30 648.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.23 648.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.23 648.25 Td (, the Consolidated Statements of Comprehensive Income for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.35 648.25 Td (the three and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 636.25 Td (nine months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.54 636.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.04 636.25 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.87 636.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.81 636.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.81 636.25 Td (, and the Consolidated Statements of Cash Flows for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.56 636.25 Td (the nine months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.82 636.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 624.25 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.83 624.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.77 624.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.77 624.25 Td (, reflect in the opinion of our management, all normal recurring adjustments necessary for a fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 612.25 Td (statement of the financial position, results of operations and cash flows for the interim periods presented. ) Tj ET Q q 0 0 0 rg BT 471.93 612.25 Td (The results of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 600.25 Td (operations and cash flows for interim periods are not necessarily indicative of results for a full fiscal year because of, among ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 588.25 Td (other things, the seasonal nature of our businesses. Our Consolidated Balance Sheet data as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.96 588.25 Td (August31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.36 588.25 Td (, has been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 576.25 Td (derived from our audited consolidated financial statements, but does not include all disclosures required by accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 564.25 Td (principles generally accepted in the United States of ) Tj ET Q q 0 0 0 rg BT 260.48 564.25 Td (America \("GAAP"\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 540.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 540.25 Td (The Consolidated Statements of Operations include a separate line called Reserve and impairment char) Tj ET Q q 0 0 0 rg BT 502.61 540.25 Td (ges for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 528.25 Td (three and nine months ended May 31, 2017, and 2016, due to the materiality of certain char) Tj ET Q q 0 0 0 rg BT 415.54 528.25 Td (ges incurred during the periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 516.25 Td (presented.) Tj ET Q q 0 0 0 rg BT 93.13 516.25 Td (The char) Tj ET Q q 0 0 0 rg BT 128.21 516.25 Td (ges relate to reserves recorded as a result of a trading partner of ours in Brazil entering into bankruptcy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 504.25 Td (proceedings under Brazilian law) Tj ET Q q 0 0 0 rg BT 179.02 504.25 Td (, intangible and fixed asset impairment char) Tj ET Q q 0 0 0 rg BT 354.06 504.25 Td (ges associated with moving certain assets within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 492.25 Td (our ) Tj ET Q q 0 0 0 rg BT 65.28 492.25 Td (Ag segment to held for sale, a fixed asset impairment char) Tj ET Q q 0 0 0 rg BT 298.08 492.25 Td (ge related to an asset in our Ener) Tj ET Q q 0 0 0 rg BT 428.68 492.25 Td (gy segment and all bad debt and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 480.25 Td (loan loss reserve char) Tj ET Q q 0 0 0 rg BT 136.17 480.25 Td (ges, of which a significant portion relates to a single lar) Tj ET Q q 0 0 0 rg BT 357.87 480.25 Td (ge producer borrower for which the majority of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 468.25 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 468.25 Td (ges were recorded in the first and second quarters of the current fiscal year) Tj ET Q q 0 0 0 rg BT 364.95 468.25 Td (.Prior year information has been revised to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 456.25 Td (conform to the current presentation. See additional information related to the reserves and impairment char) Tj ET Q q 0 0 0 rg BT 477.72 456.25 Td (ges in Note 2, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 444.25 Td (Receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.75 444.25 Td ( and Note 5, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 149.13 444.25 Td (Goodwill and Other Intangible ) Tj ET Q q 0 0 0 rg BT 275.61 444.25 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.61 444.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 420.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 420.25 Td (The notes to our consolidated financial statements make reference to our Ener) Tj ET Q q 0 0 0 rg BT 397.64 420.25 Td (gy) Tj ET Q q 0 0 0 rg BT 406.99 420.25 Td (, ) Tj ET Q q 0 0 0 rg BT 411.44 420.25 Td (Ag, Nitrogen Production and Foods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 408.25 Td (reportable segments, as well as our Corporate and Other category) Tj ET Q q 0 0 0 rg BT 310.92 408.25 Td (, which represents an aggregation of individually immaterial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 396.25 Td (operating segments. ) Tj ET Q q 0 0 0 rg BT 132.30 396.25 Td (The Nitrogen Production reportable segment resulted from our investment in CF Industries Nitrogen, LLC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 384.25 Td (\("CF Nitrogen"\) in February 2016. ) Tj ET Q q 0 0 0 rg BT 191.30 384.25 Td (The Foods segment resulted from our investment in ) Tj ET Q q 0 0 0 rg BT 400.53 384.25 Td (V) Tj ET Q q 0 0 0 rg BT 406.64 384.25 Td (entura Foods, LLC \("V) Tj ET Q q 0 0 0 rg BT 498.49 384.25 Td (entura Foods"\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 372.25 Td (becoming a significant operating segment in fiscal 2016. See Note 10, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 332.98 372.25 Td (Segment Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.36 372.25 Td ( for more information.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 360.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 348.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 348.25 Td (Our 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 50.00 336.25 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 102.04 336.25 Td (The ef) Tj ET Q q 0 0 0 rg BT 127.67 336.25 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 50.00 312.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 312.25 Td (These unaudited consolidated financial statements should be read in conjunction with the consolidated financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 300.25 Td (statements and notes thereto for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.93 300.25 Td (August31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.32 300.25 Td (, included in our ) Tj ET Q q 0 0 0 rg BT 373.81 300.25 Td (Annual Report on Form 10-K, filed with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 288.25 Td (Securities and Exchange Commission \(the "SEC"\). ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 264.25 Td (Recent ) Tj ET Q q 0 0 0 rg BT 98.45 264.25 Td (Accounting Pronouncements) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 240.25 Td (Adopted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 216.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 216.25 Td (In January 2017, the Financial ) Tj ET Q q 0 0 0 rg BT 209.31 216.25 Td (Accounting Standards Board \(the F) Tj ET Q q 0 0 0 rg BT 354.64 216.25 Td (ASB\) issued ) Tj ET Q q 0 0 0 rg BT 411.31 216.25 Td (Accounting Standards Update ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 204.25 Td (\("ASU"\) No. 2017-04, Simplifying the ) Tj ET Q q 0 0 0 rg BT 207.70 204.25 Td (T) Tj ET Q q 0 0 0 rg BT 213.11 204.25 Td (est for Goodwill Impairment. ) Tj ET Q q 0 0 0 rg BT 332.63 204.25 Td (The amendments within this ) Tj ET Q q 0 0 0 rg BT 448.17 204.25 Td (ASU eliminate Step 2 of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 192.25 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 50.00 180.25 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 50.00 168.25 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 50.00 156.25 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 523.53 156.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 144.25 Td (carrying value exceeds its fair value, not to exceed the carrying value of goodwill. ) Tj ET Q q 0 0 0 rg BT 380.80 144.25 Td (W) Tj ET Q q 0 0 0 rg BT 389.44 144.25 Td (e elected to early adopt ) Tj ET Q q 0 0 0 rg BT 484.12 144.25 Td (ASU No. 2017-04 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 132.25 Td (during the second quarter of fiscal 2017. ) Tj ET Q q 0 0 0 rg BT 214.21 132.25 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 50.00 120.25 Td (performed as of May 31, 2017, and will be applied prospectively to all future goodwill impairment tests performed on an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 108.25 Td (interim or annual basis.) 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 (7) 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 ) Tj ET Q q 0 0 0 rg BT 96.28 730.10 Td (April 2015, the F) Tj ET Q q 0 0 0 rg BT 164.42 730.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 213.32 730.10 Td (ASU No. 2015-03, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 291.38 730.10 Td (Inter) Tj ET Q q 0 0 0 rg BT 310.45 730.10 Td (est-Imputation of Inter) Tj ET Q q 0 0 0 rg BT 400.62 730.10 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.73 730.10 Td ( \(Subtopic 835-30\): ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 492.55 730.10 Td (Simplifying the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.63 718.10 Td (esentation of Debt Issuance Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.17 718.10 Td (, which simplifies the presentation of debt issuance costs. ) Tj ET Q q 0 0 0 rg BT 426.88 718.10 Td (This ) Tj ET Q q 0 0 0 rg BT 446.61 718.10 Td (ASU requires the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 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 50.00 694.10 Td (instead of a deferred financing cost. ) Tj ET Q q 0 0 0 rg BT 195.59 694.10 Td (This ) Tj ET Q q 0 0 0 rg BT 215.32 694.10 Td (ASU was ef) Tj ET Q q 0 0 0 rg BT 263.46 694.10 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 50.00 682.10 Td (for interim periods within that fiscal year) Tj ET Q q 0 0 0 rg BT 213.84 682.10 Td (. ) Tj ET Q q 0 0 0 rg BT 218.29 682.10 Td (As a result,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.06 682.10 Td ($5.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.95 682.10 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 50.00 670.10 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 383.78 670.10 Td (August31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.17 670.10 Td (.) 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 (In ) Tj ET Q q 0 0 0 rg BT 96.28 646.10 Td (August 2015, the F) Tj ET Q q 0 0 0 rg BT 172.21 646.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 221.11 646.10 Td (ASU No. 2015-15, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 299.16 646.10 Td (Inter) Tj ET Q q 0 0 0 rg BT 318.23 646.10 Td (est-Imputation of Inter) Tj ET Q q 0 0 0 rg BT 408.40 646.10 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.51 646.10 Td ( \(Subtopic 835-30\): ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 500.34 646.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 509.96 646.10 Td (esentation ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (and Subsequent Measur) Tj ET Q q 0 0 0 rg BT 145.73 634.10 Td (ement of Debt Issuance Costs ) Tj ET Q q 0 0 0 rg BT 266.36 634.10 Td (Associated with Line-of-Cr) Tj ET Q q 0 0 0 rg BT 374.32 634.10 Td (edit ) Tj ET Q q 0 0 0 rg BT 391.64 634.10 Td (Arrangements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.30 634.10 Td (, which codifies an SEC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (staf) Tj ET Q q 0 0 0 rg BT 64.26 622.10 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 50.00 610.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 77.78 610.10 Td (ASU No. 2015-15 was ef) Tj ET Q q 0 0 0 rg BT 178.97 610.10 Td (fective immediately) Tj ET Q q 0 0 0 rg BT 258.01 610.10 Td (. ) Tj ET Q q 0 0 0 rg BT 262.46 610.10 Td (At ) Tj ET Q q 0 0 0 rg BT 274.41 610.10 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 50.00 598.10 Td (to our line of credit arrangements, and we will continue to 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 50.00 586.10 Td (an asset in our Consolidated Balance Sheets.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 562.10 Td (Not Y) Tj ET Q q 0 0 0 rg BT 89.59 562.10 Td (et ) Tj ET Q q 0 0 0 rg BT 99.13 562.10 Td (Adopted) 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 (In March 2017, the F) Tj ET Q q 0 0 0 rg BT 169.96 538.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 218.87 538.10 Td (ASU No. 2017-07, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 296.92 538.10 Td (Compensation - Retir) Tj ET Q q 0 0 0 rg BT 382.66 538.10 Td (ement Benefits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.74 538.10 Td (\(T) Tj ET Q q 0 0 0 rg BT 452.48 538.10 Td (opic 715\): ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 495.81 538.10 Td (Impr) Tj ET Q q 0 0 0 rg BT 514.88 538.10 Td (oving the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.63 526.10 Td (esentation of Net Periodic Pension Costs and Net Postr) Tj ET Q q 0 0 0 rg BT 281.46 526.10 Td (etir) Tj ET Q q 0 0 0 rg BT 294.98 526.10 Td (ement Benefit Cost. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.52 526.10 Td (This ) Tj ET Q q 0 0 0 rg BT 395.24 526.10 Td (ASU is intended to improve the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (presentation of net periodic pension cost and net periodic postretirement benefit cost. ) Tj ET Q q 0 0 0 rg BT 392.77 514.10 Td (This ) Tj ET Q q 0 0 0 rg BT 412.50 514.10 Td (ASU is ef) Tj ET Q q 0 0 0 rg BT 451.76 514.10 Td (fective for us beginning ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (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 407.40 502.10 Td (. Early adoption is permitted as of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (beginning of an annual period for which interim financial statements have not been issued or made available for issuance. ) Tj ET Q q 0 0 0 rg BT 539.10 490.10 Td (W) Tj ET Q q 0 0 0 rg BT 547.74 490.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (are 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 50.00 466.10 Td ( ) 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 (In January 2017, the F) Tj ET Q q 0 0 0 rg BT 174.96 454.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 223.87 454.10 Td (ASU No. 2017-01, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 301.92 454.10 Td (Clarifying the Definition of a Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.08 454.10 Td (. ) Tj ET Q q 0 0 0 rg BT 460.90 454.10 Td (The amendments within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (this ) Tj ET Q q 0 0 0 rg BT 66.40 442.10 Td (ASU narrow the existing definition of a business and provide a more robust framework for evaluating whether a transaction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (should be accounted for as an acquisition \(or disposal\) of assets or a business. ) Tj ET Q q 0 0 0 rg BT 363.36 430.10 Td (The definition of a business impacts various ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (areas of accounting, including acquisitions, disposals and goodwill. Under the new guidance, fewer acquisitions are expected to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (be considered businesses. ) Tj ET Q q 0 0 0 rg BT 154.79 406.10 Td (This ) Tj ET Q q 0 0 0 rg BT 174.52 406.10 Td (ASU is ef) Tj ET Q q 0 0 0 rg BT 213.78 406.10 Td (fective for us beginning September 1, 2018, for our fiscal year 2019 and for interim ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (periods within that fiscal year) Tj ET Q q 0 0 0 rg BT 168.30 394.10 Td (. Early adoption is permitted and the guidance should be applied prospectively to transactions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (following the adoption date. ) Tj ET Q q 0 0 0 rg BT 165.07 382.10 Td (W) Tj ET Q q 0 0 0 rg BT 173.71 382.10 Td (e are currently evaluating the impact the adoption will have on our consolidated financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 346.10 Td (In November 2016, the F) Tj ET Q q 0 0 0 rg BT 186.07 346.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 234.97 346.10 Td (ASU No. 2016-18, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 313.03 346.10 Td (Statement of Cash Flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.75 346.10 Td ( \(T) Tj ET Q q 0 0 0 rg BT 423.99 346.10 Td (opic 230\): ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 467.32 346.10 Td (Restricted Cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.92 346.10 Td (. ) Tj ET Q q 0 0 0 rg BT 535.74 346.10 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 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 50.00 322.10 Td (in restricted cash on the statement of cash flows. ) Tj ET Q q 0 0 0 rg BT 246.43 322.10 Td (This ) Tj ET Q q 0 0 0 rg BT 266.15 322.10 Td (ASU is ef) Tj ET Q q 0 0 0 rg BT 305.42 322.10 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 50.00 310.10 Td (2019 and for interim periods within that fiscal year) Tj ET Q q 0 0 0 rg BT 253.28 310.10 Td (. Early adoption is permitted, including in an interim period. ) Tj ET Q q 0 0 0 rg BT 496.66 310.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (amendments in this ) Tj ET Q q 0 0 0 rg BT 129.72 298.10 Td (ASU should be applied retrospectively to all periods presented. ) Tj ET Q q 0 0 0 rg BT 385.03 298.10 Td (W) Tj ET Q q 0 0 0 rg BT 393.67 298.10 Td (e are currently evaluating the impact the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (adoption will have on our consolidated financial statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 262.10 Td (In October 2016, theF) Tj ET Q q 0 0 0 rg BT 176.07 262.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 224.97 262.10 Td (ASUNo.2016-16, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 303.03 262.10 Td (Income T) Tj ET Q q 0 0 0 rg BT 339.60 262.10 Td (axes - Intra-Entity T) Tj ET Q q 0 0 0 rg BT 420.42 262.10 Td (ransfers of ) Tj ET Q q 0 0 0 rg BT 465.80 262.10 Td (Assets Other Than ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (Inventory) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.32 250.10 Td ( \(T) Tj ET Q q 0 0 0 rg BT 99.56 250.10 Td (opic 740\). ) Tj ET Q q 0 0 0 rg BT 142.42 250.10 Td (This ) Tj ET Q q 0 0 0 rg BT 162.15 250.10 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 50.00 238.10 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 50.00 226.10 Td (instead of when an asset is sold to an outside party) Tj ET Q q 0 0 0 rg BT 251.53 226.10 Td (. ) Tj ET Q q 0 0 0 rg BT 256.35 226.10 Td (The amendments in this ) Tj ET Q q 0 0 0 rg BT 354.12 226.10 Td (ASU should be applied on a modified retrospective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (basis through a cumulative-ef) Tj ET Q q 0 0 0 rg BT 168.39 214.10 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 529.77 214.10 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (ASU is ef) Tj ET Q q 0 0 0 rg BT 89.26 202.10 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 544.41 202.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 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 50.00 178.10 Td (have not been issued. ) Tj ET Q q 0 0 0 rg BT 137.85 178.10 Td (W) Tj ET Q q 0 0 0 rg BT 146.49 178.10 Td (e are 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 86.00 154.10 Td (In ) Tj ET Q q 0 0 0 rg BT 96.28 154.10 Td (August 2016, the F) Tj ET Q q 0 0 0 rg BT 172.21 154.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 221.11 154.10 Td (ASU No. 2016-15, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 299.16 154.10 Td (Statement of Cash Flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.89 154.10 Td ( \(T) Tj ET Q q 0 0 0 rg BT 410.13 154.10 Td (opic 230\): ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 453.45 154.10 Td (Classification of Certain ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (Cash Receipts and Cash Payments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.37 142.10 Td ( ) Tj ET Q q 0 0 0 rg BT 193.69 142.10 Td (This ) Tj ET Q q 0 0 0 rg BT 213.42 142.10 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 50.00 130.10 Td (and payments are presented and classified in the statement of cash flows. ) Tj ET Q q 0 0 0 rg BT 344.44 130.10 Td (This ) Tj ET Q q 0 0 0 rg BT 364.17 130.10 Td (ASU is ef) Tj ET Q q 0 0 0 rg BT 403.43 130.10 Td (fective for us beginning September 1, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (2018, for our fiscal year 2019 and for interim periods within that fiscal year) Tj ET Q q 0 0 0 rg BT 352.13 118.10 Td (. Early adoption is permitted, including in an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (interim period. ) Tj ET Q q 0 0 0 rg BT 111.75 106.10 Td (W) Tj ET Q q 0 0 0 rg BT 120.39 106.10 Td (e are 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 94.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 82.10 Td (In June 2016, the F) Tj ET Q q 0 0 0 rg BT 162.20 82.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 211.10 82.10 Td (ASU No. 2016-13, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 289.15 82.10 Td (Financial Instruments - Cr) Tj ET Q q 0 0 0 rg BT 396.28 82.10 Td (edit Losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.95 82.10 Td (\(T) Tj ET Q q 0 0 0 rg BT 451.69 82.10 Td (opic 326\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 489.74 82.10 Td (: Measur) Tj ET Q q 0 0 0 rg BT 525.75 82.10 Td (ement of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (Cr) Tj ET Q q 0 0 0 rg BT 60.19 70.10 Td (edit Losses on Financial Instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.96 70.10 Td (. ) Tj ET Q q 0 0 0 rg BT 212.78 70.10 Td (The amendments in this ) Tj ET Q q 0 0 0 rg BT 310.55 70.10 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 58.10 Td (estimate credit losses on certain types of financial instruments. ) Tj ET Q q 0 0 0 rg BT 303.08 58.10 Td (This ) Tj ET Q q 0 0 0 rg BT 322.81 58.10 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 58.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.04 58.10 Td (users with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (more decision-useful information about the expected credit losses associated with most financial assets measured at amortized ) 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 (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 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 50.00 730.10 Td (in leases, and of) Tj ET Q q 0 0 0 rg BT 114.24 730.10 Td (f-balance-sheet credit exposures. Entities are required to apply the standard) Tj ET Q q 0 0 0 rg BT 418.01 730.10 Td (s provisions as a cumulative-ef) Tj ET Q q 0 0 0 rg BT 541.68 730.10 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 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 504.14 718.10 Td (This ) Tj ET Q q 0 0 0 rg BT 523.87 718.10 Td (ASU is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 706.10 Td (fective for us beginning September) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 198.10 706.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.60 706.10 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 512.73 706.10 Td (. ) Tj ET Q q 0 0 0 rg BT 517.55 706.10 Td (W) Tj ET Q q 0 0 0 rg BT 526.19 706.10 Td (e are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 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 50.00 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 670.10 Td (In February 2016, the F) Tj ET Q q 0 0 0 rg BT 179.96 670.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 228.87 670.10 Td (ASU No. 2016-02, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 306.92 670.10 Td (Leases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.64 670.10 Td (\(T) Tj ET Q q 0 0 0 rg BT 345.38 670.10 Td (opic 842\), which replaces the existing guidance in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (Accounting Standards Codification \("ASC"\) 840 - ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 253.69 658.10 Td (Leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.91 658.10 Td (. ) Tj ET Q q 0 0 0 rg BT 285.73 658.10 Td (The amendments within this ) Tj ET Q q 0 0 0 rg BT 401.27 658.10 Td (ASU introduce a lessee model requiring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (entities to recognize assets and liabilities for most leases, but continue recognizing the associated expenses in a manner similar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (to existing accounting guidance. ) Tj ET Q q 0 0 0 rg BT 181.73 634.10 Td (This ) Tj ET Q q 0 0 0 rg BT 201.46 634.10 Td (ASU does not make fundamental changes to existing lessor accounting; however) Tj ET Q q 0 0 0 rg BT 524.86 634.10 Td (, it does ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (modify what constitutes a sales-type or direct financing lease and the related accounting, and aligns a number of the underlying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (principles with those of the new revenue standard, ) Tj ET Q q 0 0 0 rg BT 253.00 610.10 Td (ASU No. 2014-09. ) Tj ET Q q 0 0 0 rg BT 330.87 610.10 Td (The guidance also eliminates existing real estate-specific ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (provisions and requires expanded qualitative and quantitative disclosures.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.92 598.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.17 598.10 Td (Entities are required to apply the standard) Tj ET Q q 0 0 0 rg BT 517.11 598.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (provisions using a modified retrospective approach at the beginning of the earliest comparative period presented in the year of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (adoption. ) Tj ET Q q 0 0 0 rg BT 89.81 574.10 Td (This ) Tj ET Q q 0 0 0 rg BT 109.54 574.10 Td (ASU is ef) Tj ET Q q 0 0 0 rg BT 148.80 574.10 Td (fective for us beginning September 1, 2019, for our fiscal year 2020 and for interim periods within that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (fiscal year) Tj ET Q q 0 0 0 rg BT 90.81 562.10 Td (. ) Tj ET Q q 0 0 0 rg BT 95.63 562.10 Td (W) Tj ET Q q 0 0 0 rg BT 104.27 562.10 Td (e are 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 50.00 550.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 550.10 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 (In May 2014, the F) Tj ET Q q 0 0 0 rg BT 162.20 538.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 211.10 538.10 Td (ASU No. 2014-09, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 289.15 538.10 Td (Revenue fr) Tj ET Q q 0 0 0 rg BT 331.82 538.10 Td (om Contracts with Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 538.10 Td (. ) Tj ET Q q 0 0 0 rg BT 455.81 538.10 Td (The amendments within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (this ) Tj ET Q q 0 0 0 rg BT 66.40 526.10 Td (ASU provide a single comprehensive model to be used in the accounting for revenue arising from contracts with customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (and supersedes most current revenue recognition guidance, including industry-specific guidance. ) Tj ET Q q 0 0 0 rg BT 439.69 514.10 Td (This ) Tj ET Q q 0 0 0 rg BT 459.42 514.10 Td (ASU includes a five step ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (model for the recognition of revenue, including \(1\) identifying the contract with a customer) Tj ET Q q 0 0 0 rg BT 415.60 502.10 Td (, \(2\) identifying the performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (obligations in the contract, \(3\) determining the transaction price, \(4\) allocating the transaction price to the performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (obligations, and \(5\) recognizing revenue when \(or as\) an entity satisfies a performance obligation. ) Tj ET Q q 0 0 0 rg BT 444.13 478.10 Td (This ) Tj ET Q q 0 0 0 rg BT 463.86 478.10 Td (ASU also specifies the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 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 50.00 454.10 Td (amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. In ) Tj ET Q q 0 0 0 rg BT 451.28 454.10 Td (August 2015, the F) Tj ET Q q 0 0 0 rg BT 527.21 454.10 Td (ASB ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 76.95 442.10 Td (ASU No. 2015-14 delaying the ef) Tj ET Q q 0 0 0 rg BT 211.74 442.10 Td (fective date of adoption for CHS to September 1, 2018. ) Tj ET Q q 0 0 0 rg BT 435.40 442.10 Td (The F) Tj ET Q q 0 0 0 rg BT 458.27 442.10 Td (ASB issued four ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 96.39 430.10 Td (ASUs in 2016 containing implementation guidance related to ) Tj ET Q q 0 0 0 rg BT 343.56 430.10 Td (ASU No. 2014-09, including: ) Tj ET Q q 0 0 0 rg BT 464.12 430.10 Td (ASU No. 2016-08, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (Revenue fr) Tj ET Q q 0 0 0 rg BT 92.66 418.10 Td (om Contracts with Customers \(T) Tj ET Q q 0 0 0 rg BT 222.31 418.10 Td (opic 606\): Principal versus ) Tj ET Q q 0 0 0 rg BT 334.34 418.10 Td (Agent Considerations \(Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.10 418.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 469.60 418.10 Td (Revenue Gr) Tj ET Q q 0 0 0 rg BT 516.71 418.10 Td (oss versus ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (Net\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.22 406.10 Td (, which is intended to improve the operability and understandability of the implementation guidance on principal versus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (agent considerations; ) Tj ET Q q 0 0 0 rg BT 136.65 394.10 Td (ASU No. 2016-10, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 214.70 394.10 Td (Revenue fr) Tj ET Q q 0 0 0 rg BT 257.36 394.10 Td (om Contracts with Customers \(T) Tj ET Q q 0 0 0 rg BT 387.02 394.10 Td (opic 606\): Identifying) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.21 394.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 476.71 394.10 Td (Performance ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (Obligations and Licensing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.11 382.10 Td (, which is intended to clarify two aspects of ) Tj ET Q q 0 0 0 rg BT 332.55 382.10 Td (T) Tj ET Q q 0 0 0 rg BT 337.96 382.10 Td (opic 606: identifying performance obligations and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (licensing implementation guidance; ) Tj ET Q q 0 0 0 rg BT 194.69 370.10 Td (ASU No. 2016-12, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 272.74 370.10 Td (Revenue fr) Tj ET Q q 0 0 0 rg BT 315.41 370.10 Td (om Contracts with Customers \(T) Tj ET Q q 0 0 0 rg BT 445.06 370.10 Td (opic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.28 370.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 464.78 370.10 Td (606\): Narr) Tj ET Q q 0 0 0 rg BT 508.02 370.10 Td (ow-Scope ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (Impr) Tj ET Q q 0 0 0 rg BT 69.07 358.10 Td (ovements and Practical Expedients) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.86 358.10 Td (, which contains certain provision and practical expedients in response to identified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (implementation issues; and ) Tj ET Q q 0 0 0 rg BT 160.82 346.10 Td (ASU No. 2016-20, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 238.88 346.10 Td (T) Tj ET Q q 0 0 0 rg BT 243.52 346.10 Td (echnical Corr) Tj ET Q q 0 0 0 rg BT 298.97 346.10 Td (ections and Impr) Tj ET Q q 0 0 0 rg BT 366.37 346.10 Td (ovements to T) Tj ET Q q 0 0 0 rg BT 421.00 346.10 Td (opic 606, Revenue fr) Tj ET Q q 0 0 0 rg BT 503.38 346.10 Td (om Contracts ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (with Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.51 334.10 Td (, which contains certain corrections and clarifications to increase stakeholders) Tj ET Q q 0 0 0 rg BT 426.64 334.10 Td ( awareness of the proposals and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (to expedite improvements. ) Tj ET Q q 0 0 0 rg BT 158.31 322.10 Td (ASU No. 2014-09 permits the use of either a full or modified retrospective method upon adoption. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (Although early application as of the original date is permitted, we expect to adopt ) Tj ET Q q 0 0 0 rg BT 378.52 310.10 Td (ASU No. 2014-09 and the related ) Tj ET Q q 0 0 0 rg BT 514.88 310.10 Td (ASUs on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (September 1, 2018, in the first quarter of fiscal 2019. ) Tj ET Q q 0 0 0 rg BT 264.49 298.10 Td (W) Tj ET Q q 0 0 0 rg BT 273.13 298.10 Td (e are continuing to evaluate the ef) Tj ET Q q 0 0 0 rg BT 408.44 298.10 Td (fect this guidance will have on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (consolidated financial statements, including potential impacts on the timing of revenue recognition and additional information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (that may be necessary for expanded disclosures regarding revenue. ) Tj ET Q q 0 0 0 rg BT 319.71 274.10 Td (W) Tj ET Q q 0 0 0 rg BT 328.35 274.10 Td (e have completed an initial assessment of our revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (streams and are currently evaluating the quantitative and qualitative impacts of the new standard on our businesses. ) Tj ET Q q 0 0 0 rg BT 513.56 262.10 Td (W) Tj ET Q q 0 0 0 rg BT 522.20 262.10 Td (e expect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (to complete our evaluation by the end of fiscal 2017, which will allow us to select an adoption method and determine the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (impact that the new standard will have on our businesses.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (Note 2 ) Tj ET Q q 0 0 0 rg BT 153.50 214.10 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 214.10 Td (Receivables) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 169.60 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 169.60 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 169.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 169.60 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 139.60 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 139.60 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 139.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 139.60 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 109.60 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 109.60 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 109.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 109.60 64.00 -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 429.5 182.60000000000002 m 493.5 182.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 182.60000000000002 m 562.5 182.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 124.60000000000002 m 493.5 124.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 124.60000000000002 m 562.5 124.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 124.60000000000002 m 493.5 124.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 124.60000000000002 m 562.5 124.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 94.60000000000002 m 493.5 94.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 94.60000000000002 m 562.5 94.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 94.60000000000002 m 493.5 94.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 80.60000000000002 m 493.5 80.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 78.60000000000002 m 493.5 78.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 94.60000000000002 m 562.5 94.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 80.60000000000002 m 562.5 80.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 78.60000000000002 m 562.5 78.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.20 194.83 Td (May 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.00 186.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.75 194.83 Td (August 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.00 186.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.70 173.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 159.27 Td (Trade accounts receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.50 159.17 Td (...........................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.00 159.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 159.27 Td (1,739,027) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.00 159.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 159.27 Td (1,804,646) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 144.27 Td (CHS Capital notes receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.50 144.17 Td (.....................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 144.27 Td (766,731) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 144.27 Td (858,805) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 129.27 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 129.17 Td (............................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 129.27 Td (464,051) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 129.27 Td (380,956) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 114.27 Td (2,969,809) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 114.27 Td (3,044,407) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 99.27 Td (Less allowances and reserves) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.00 99.17 Td (......................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 99.27 Td (247,484) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 99.27 Td (163,644) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 84.27 Td (Total receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.00 84.17 Td (..........................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.00 84.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 84.27 Td (2,722,325) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.00 84.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 84.27 Td (2,880,763) Tj ET Q BT /F1 10.00 Tf ET 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 (9) 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 (T) Tj ET Q q 0 0 0 rg BT 91.76 742.10 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 50.00 730.10 Td (goods or services to customers. Subsequently) Tj ET Q q 0 0 0 rg BT 230.99 730.10 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 50.00 718.10 Td (allowance for estimated uncollectible amounts. ) Tj ET Q q 0 0 0 rg BT 240.86 718.10 Td (W) Tj ET Q q 0 0 0 rg BT 249.50 718.10 Td (e calculate this allowance based on our history of write-of) Tj ET Q q 0 0 0 rg BT 481.18 718.10 Td (fs, level of past due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (accounts, and our relationships with, and the economic status of, our customers. ) Tj ET Q q 0 0 0 rg BT 371.97 706.10 Td (The carrying value of CHS Capital, LLC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (\("CHS Capital"\) short-term notes receivable approximates fair value, given the notes' short duration and the use of market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (pricing adjusted for risk. Other receivables is comprised of certain other amounts recorded in the normal course of business, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (including receivables related to valued added taxes and production cost financing. ) 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 (During the third quarter of fiscal 2017, a trading partner of ours in Brazil entered bankruptcy proceedings under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (Brazilian law) Tj ET Q q 0 0 0 rg BT 102.94 634.10 Td (, resulting in a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.65 634.10 Td ($98.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.54 634.10 Td ( increase to our accounts receivable reserve. ) Tj ET Q q 0 0 0 rg BT 395.16 634.10 Td (W) Tj ET Q q 0 0 0 rg BT 403.79 634.10 Td (e also recorded a reserve of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.26 622.10 Td ($130.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.15 622.10 Td ( related to supplier advance payments held by this trading partner) Tj ET Q q 0 0 0 rg BT 430.18 622.10 Td (. ) Tj ET Q q 0 0 0 rg BT 435.00 622.10 Td (W) Tj ET Q q 0 0 0 rg BT 443.64 622.10 Td (e have initiated ef) Tj ET Q q 0 0 0 rg BT 514.81 622.10 Td (forts to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (recover these losses; however) Tj ET Q q 0 0 0 rg BT 168.72 610.10 Td (, as such actions are in the early stages and are considered neither probable nor estimable, no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (recoveries have been recorded as of the date of this Quarterly Report on Form 10-Q.) 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 (CHS Capital has notes receivable from commercial and producer borrowers. ) Tj ET Q q 0 0 0 rg BT 394.33 574.10 Td (The short-term notes receivable generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (have terms of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.92 562.10 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.92 562.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.25 562.10 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.25 562.10 Td (months and are reported at their outstanding principal balances as CHS Capital has the ability and intent to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (hold these notes to maturity) Tj ET Q q 0 0 0 rg BT 160.44 550.10 Td (. ) Tj ET Q q 0 0 0 rg BT 165.26 550.10 Td (The notes receivable from commercial borrowers are collateralized by various combinations of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (mortgages, personal property) Tj ET Q q 0 0 0 rg BT 166.26 538.10 Td (, accounts and notes receivable, inventories and assignments of certain regional cooperatives' ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (capital stock. ) Tj ET Q q 0 0 0 rg BT 105.08 526.10 Td (These loans are primarily originated in the states of Minnesota, ) Tj ET Q q 0 0 0 rg BT 360.10 526.10 Td (W) Tj ET Q q 0 0 0 rg BT 369.14 526.10 Td (isconsin, and North Dakota. CHS Capital also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (has loans receivable from producer borrowers which are collateralized by various combinations of growing crops, livestock, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (inventories, accounts receivable, personal property and supplemental mortgages and are originated in the same states as the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (commercial notes with the addition of Michigan. In addition to the short-term balances included in the table above, CHS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (Capital had long-term notes receivable with durations of generally not more than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.01 478.10 Td (10 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.61 478.10 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.94 478.10 Td ($252.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.83 478.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.27 478.10 Td ($322.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.16 478.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.66 466.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.49 466.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.88 466.10 Td (August31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.27 466.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 267.93 466.10 Td (. ) Tj ET Q q 0 0 0 rg BT 272.75 466.10 Td (The long-term notes receivable are included in other assets on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (Consolidated Balance Sheets. ) Tj ET Q q 0 0 0 rg BT 170.53 454.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.98 454.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.81 454.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.19 454.10 Td (August31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.58 454.10 Td (, the commercial notes represented ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.19 454.10 Td (52%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.52 454.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.96 454.10 Td (26%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.29 454.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 442.10 Td (, and the producer notes represented ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.55 442.10 Td (48%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.88 442.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.31 442.10 Td (74%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.64 442.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 353.31 442.10 Td (, of the total CHS Capital notes receivable. ) Tj ET Q q 0 0 0 rg BT 526.60 442.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 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 289.10 430.10 Td (20%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.43 430.10 Td ( of the total outstanding CHS Capital notes receivable. During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (the third quarter of fiscal 2017, CHS Capital concluded a transaction with the single producer borrower whereby CHS Capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (obtained from the borrower title to approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.33 406.10 Td (14,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.83 406.10 Td ( acres of land and improvements that, prior to the transaction, was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (owned by the borrower and served as collateral for the outstanding loans to CHS Capital. ) Tj ET Q q 0 0 0 rg BT 409.17 394.10 Td (The amount corresponding to the fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (value of the land and improvements, approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.83 382.10 Td ($139.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.72 382.10 Td (, was credited against the notes receivable from this single ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (producer borrower) Tj ET Q q 0 0 0 rg BT 124.14 370.10 Td (. ) Tj ET Q q 0 0 0 rg BT 128.58 370.10 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 50.00 358.10 Td (reserves related to this single producer borrower were removed from the balance sheet of CHS Capital. However) Tj ET Q q 0 0 0 rg BT 500.83 358.10 Td (, we continue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (to enforce our rights under the various agreements between us and the producer borrower to pursue future potential recoveries. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (The collateral received in connection with the arrangement has been recorded in Property) Tj ET Q q 0 0 0 rg BT 411.41 334.10 Td (, plant and equipment on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (Consolidated Balance Sheet. ) 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 (CHS Capital evaluates the collectability of both commercial and producer notes on a specific identification basis, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (based on the amount and quality of the collateral obtained, and records specific loan loss reserves when appropriate. ) Tj ET Q q 0 0 0 rg BT 516.51 286.10 Td (A) Tj ET Q q 0 0 0 rg BT 523.18 286.10 Td ( general ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (reserve is also maintained based on historical loss experience and various qualitative factors. Further) Tj ET Q q 0 0 0 rg BT 452.25 274.10 Td (, the accrual of interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (income is discontinued at the time the loan is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.02 262.10 Td (90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.02 262.10 Td (days past due unless the credit is well-collateralized and in process of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (collection. Past due amounts were approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.11 250.10 Td (5.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.94 250.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.38 250.10 Td (2.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.21 250.10 Td ( of the total CHS Capital notes outstanding as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.30 250.10 Td (May31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 238.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.39 238.10 Td (August31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.78 238.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 210.44 238.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 214.10 Td (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 366.19 214.10 Td ($17.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.08 214.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.52 214.10 Td ($45.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.41 214.10 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.57 214.10 Td (May31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 202.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.39 202.10 Td (August31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.78 202.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 210.44 202.10 Td (. ) Tj ET Q q 0 0 0 rg BT 215.26 202.10 Td (The reduction in the reserve is substantially all related to the single producer borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (agreement discussed above. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 170.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 170.10 Td (CHS Capital has commitments to extend credit to customers as long as there are no violations of any contractually ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 158.10 Td (established conditions. ) Tj ET Q q 0 0 0 rg BT 143.05 158.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.49 158.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.32 158.10 Td (, customers of CHS Capital had additional available credit of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.90 158.10 Td ($966.2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 146.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 146.10 Td (.) 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 301.00 31.60 Td (10) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Note 3 ) 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 (Inventories) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.33 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 742.25 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 697.75 389.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 697.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 697.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 697.75 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 667.75 389.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 667.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 667.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 667.75 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 637.75 389.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 637.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 637.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 637.75 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 607.75 389.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 607.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 607.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 607.75 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 439.5 710.75 m 499.5 710.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 710.75 m 562.5 710.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 607.75 m 499.5 607.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 607.75 m 562.5 607.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 593.75 m 499.5 593.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 591.75 m 499.5 591.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 593.75 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 503.5 591.75 m 562.5 591.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.20 722.98 Td (May 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.00 714.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 514.25 722.98 Td (August 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.50 714.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.70 701.98 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 687.42 Td (Grain and oilseed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.00 687.32 Td (............................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.00 687.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.60 687.42 Td (1,171,408) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.00 687.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 687.42 Td (937,258) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 672.42 Td (Energy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.50 672.32 Td (.............................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 672.42 Td (750,170) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 672.42 Td (729,695) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 657.42 Td (Crop nutrients) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.00 657.32 Td (..................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 657.42 Td (181,380) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 657.42 Td (217,521) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 642.42 Td (Feed and farm supplies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.50 642.32 Td (...................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 642.42 Td (530,081) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 642.42 Td (417,431) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 627.42 Td (Processed grain and oilseed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 627.32 Td (............................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 627.42 Td (27,991) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 627.42 Td (48,930) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 612.42 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 612.32 Td (................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 612.42 Td (23,057) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 612.42 Td (19,864) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 597.42 Td (Total inventories) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.00 597.32 Td (..............................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.00 597.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.60 597.42 Td (2,684,087) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.00 597.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.60 597.42 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 50.00 569.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 569.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.44 569.25 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.27 569.25 Td (, we valued approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.85 569.25 Td (19%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.18 569.25 Td ( of inventories, primarily related to our Ener) Tj ET Q q 0 0 0 rg BT 470.16 569.25 Td (gy segment, using the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 557.25 Td (lower of cost, determined on the LIFO method, or market \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.04 557.25 Td (19%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.38 557.25 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.98 557.25 Td (August31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.38 557.25 Td (\). If the FIFO method of accounting had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 545.25 Td (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 355.19 545.25 Td ($140.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.08 545.25 Td ( and $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.52 545.25 Td (93.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.41 545.25 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.57 545.25 Td (May31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 533.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 533.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.39 533.25 Td (August31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.78 533.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 210.44 533.25 Td (. ) Tj ET Q q 0 0 0 rg BT 214.89 533.25 Td (An actual valuation of inventory under the LIFO method can be made only at the end ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 521.25 Td (of each year based on the inventory levels and costs at that time. Interim LIFO calculations are based on management's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 509.25 Td (estimates of expected year) Tj ET Q q 0 0 0 rg BT 155.58 509.25 Td (-end inventory levels, and are subject to the final year) Tj ET Q q 0 0 0 rg BT 370.30 509.25 Td (-end LIFO inventory valuation. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 485.25 Td (Note 4 ) Tj ET Q q 0 0 0 rg BT 86.00 485.25 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 485.25 Td (Investments) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 440.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 440.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 440.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 440.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 410.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 410.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 410.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 410.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 380.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 380.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 380.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 380.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 350.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 350.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 350.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 350.75 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 428.5 453.75 m 493.5 453.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 453.75 m 562.5 453.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 335.75 m 493.5 335.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 321.75 m 493.5 321.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 319.75 m 493.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 335.75 m 562.5 335.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 321.75 m 562.5 321.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 319.75 m 562.5 319.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.70 465.98 Td (May 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 457.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.25 465.98 Td (August 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 457.98 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 239.00 445.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.20 444.98 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 430.42 Td (Equity method investments:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 415.42 Td (CF Industries Nitrogen, LLC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.00 415.32 Td (................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 415.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 415.42 Td (2,808,993) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 415.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 415.42 Td (2,796,323) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 400.42 Td (Ventura Foods, LLC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.00 400.32 Td (..............................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 400.42 Td (374,006) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 400.42 Td (369,487) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 385.42 Td (Ardent Mills, LLC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.50 385.32 Td (.................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 385.42 Td (195,869) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 385.42 Td (194,986) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 370.42 Td (TEMCO, LLC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.50 370.32 Td (.......................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 370.42 Td (41,581) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 370.42 Td (44,578) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 355.42 Td (Other equity method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.00 355.32 Td (..........................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 355.42 Td (290,391) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 355.42 Td (263,025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 340.42 Td (Cost method investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.00 340.32 Td (............................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 340.42 Td (130,909) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 340.42 Td (127,577) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 325.42 Td (Total investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.00 325.32 Td (........................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 325.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 325.42 Td (3,841,749) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 325.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 325.42 Td (3,795,976) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 297.25 Td (Equity Method Investments) Tj ET Q 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 (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 50.00 261.25 Td (accounted for in our consolidated financial statements using the equity method of accounting. Our primary equity method ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 249.25 Td (investments are described below) Tj ET Q q 0 0 0 rg BT 179.58 249.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 225.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 225.25 Td (On February 1, 2016, we invested ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.31 225.25 Td ($2.8 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.42 225.25 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 50.00 213.25 Td (Holdings, Inc. \("CF Industries"\). ) Tj ET Q q 0 0 0 rg BT 183.25 213.25 Td (The investment consists of an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.62 213.25 Td (1) Tj ET Q q 0 0 0 rg BT 309.25 213.25 Td (1.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.08 213.25 Td ( membership interest \(based on product tons\) in CF ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 201.25 Td (Nitrogen. ) Tj ET Q q 0 0 0 rg BT 90.37 201.25 Td (W) Tj ET Q q 0 0 0 rg BT 99.00 201.25 Td (e also entered into an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.47 201.25 Td (80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.47 201.25 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 424.18 201.25 Td (1.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.07 201.25 Td ( tons of granular urea ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 189.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 189.25 Td (580,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.44 189.25 Td ( tons of urea ammonium nitrate \("UAN"\) annually from CF Nitrogen for ratable delivery) Tj ET Q q 0 0 0 rg BT 454.36 189.25 Td (. Our purchases under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 177.25 Td (supply agreement are based on prevailing market prices and we receive semi-annual cash distributions \(in January and July of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 165.25 Td (each year\) from CF Nitrogen via our membership interest. ) Tj ET Q q 0 0 0 rg BT 285.30 165.25 Td (These distributions are based on actual volumes purchased from CF ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 153.25 Td (Nitrogen under the strategic venture and will have the ef) Tj ET Q q 0 0 0 rg BT 275.57 153.25 Td (fect of reducing our investment to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.86 153.25 Td (zero) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.06 153.25 Td ( over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.83 153.25 Td (80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.83 153.25 Td ( years on a straight-line ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 141.25 Td (basis. ) Tj ET Q q 0 0 0 rg BT 74.82 141.25 Td (W) Tj ET Q q 0 0 0 rg BT 83.46 141.25 Td (e account for this investment using the hypothetical liquidation at book value method, recognizing our share of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 129.25 Td (earnings and losses of CF Nitrogen based upon our contractual claims on the entity's net assets pursuant to the liquidation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 117.25 Td (provisions of CF Nitrogen's limited liability company agreement, adjusted for the semi-annual cash distributions. For the three ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 105.25 Td (months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.33 105.25 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.16 105.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.09 105.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.09 105.25 Td (, this amount was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.59 105.25 Td ($24.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.48 105.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.92 105.25 Td ($41.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.81 105.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 458.47 105.25 Td (. For the nine months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 93.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.38 93.25 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.21 93.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.15 93.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.15 93.25 Td (, this amount was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.64 93.25 Td ($60.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.53 93.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.97 93.25 Td ($53.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.86 93.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 426.52 93.25 Td (. ) Tj ET Q q 0 0 0 rg BT 431.34 93.25 Td (These amounts are included as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 81.25 Td (equity income from investments in our Nitrogen Production segment. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 57.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 57.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 57.25 Td (e have a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.89 57.25 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.22 57.25 Td ( interest in ) Tj ET Q q 0 0 0 rg BT 192.75 57.25 Td (V) Tj ET Q q 0 0 0 rg BT 198.87 57.25 Td (entura Foods, a joint venture which produces and distributes primarily vegetable oil-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 45.25 Td (products, and which constitutes our Foods segment. ) Tj ET Q q 0 0 0 rg BT 259.52 45.25 Td (W) Tj ET Q q 0 0 0 rg BT 268.15 45.25 Td (e account for ) Tj ET Q q 0 0 0 rg BT 322.67 45.25 Td (V) Tj ET Q q 0 0 0 rg BT 328.78 45.25 Td (entura Foods as an equity method investment, and as of ) 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 301.15 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 305.78 31.60 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.83 742.10 Td (, our carrying value of ) Tj ET Q q 0 0 0 rg BT 197.28 742.10 Td (V) Tj ET Q q 0 0 0 rg BT 203.39 742.10 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 399.73 742.10 Td ($12.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.62 742.10 Td (, which represents equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (method goodwill. ) Tj ET Q q 0 0 0 rg BT 122.87 730.10 Td (The earnings are reported as equity income from investments in our Foods segment. ) 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 (W) Tj ET Q q 0 0 0 rg BT 94.64 706.10 Td (e have a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.89 706.10 Td (12%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.22 706.10 Td ( interest in ) Tj ET Q q 0 0 0 rg BT 192.38 706.10 Td (Ardent Mills, LLC \("Ardent Mills"\), a joint venture with Car) Tj ET Q q 0 0 0 rg BT 436.16 706.10 Td (gill Incorporated \("Car) Tj ET Q q 0 0 0 rg BT 527.25 706.10 Td (gill"\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (and ConAgra Foods, Inc., which combines the North ) Tj ET Q q 0 0 0 rg BT 263.58 694.10 Td (American flour milling operations of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.54 694.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.52 694.10 Td ( parent companies. ) Tj ET Q q 0 0 0 rg BT 526.09 694.10 Td (W) Tj ET Q q 0 0 0 rg BT 534.73 694.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (account for ) Tj ET Q q 0 0 0 rg BT 97.20 682.10 Td (Ardent Mills as an equity method investment included in Corporate and Other) Tj ET Q q 0 0 0 rg BT 409.08 682.10 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 (TEMCO, LLC \("TEMCO"\) is owned and governed by Car) Tj ET Q q 0 0 0 rg BT 321.44 658.10 Td (gill \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.61 658.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.94 658.10 Td (\) and CHS \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.99 658.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.32 658.10 Td (\). Both owners have committed to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 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 50.00 634.10 Td (\("Pacific Northwest"\) to ) Tj ET Q q 0 0 0 rg BT 149.35 634.10 Td (TEMCO and to use ) Tj ET Q q 0 0 0 rg BT 229.71 634.10 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 50.00 622.10 Td (through the Pacific Northwest through January 2037. ) Tj ET Q q 0 0 0 rg BT 264.78 622.10 Td (W) Tj ET Q q 0 0 0 rg BT 273.41 622.10 Td (e account for ) Tj ET Q q 0 0 0 rg BT 327.92 622.10 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 50.00 610.10 Td (Ag segment.) 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 (The following table provides aggregate summarized unaudited financial information for our equity method ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (investments in CF Nitrogen, ) Tj ET Q q 0 0 0 rg BT 165.65 574.10 Td (V) Tj ET Q q 0 0 0 rg BT 171.76 574.10 Td (entura Foods and ) Tj ET Q q 0 0 0 rg BT 242.59 574.10 Td (Ardent Mills for the three and nine months ended May 31, 2017, and 2016:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 496.60 263.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 496.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 496.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 496.60 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 496.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 496.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 496.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 496.60 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 496.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 468.60 263.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 468.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 468.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 468.60 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 468.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 468.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 468.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 468.60 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 468.60 55.00 -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 316.5 530.6 m 373.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 530.6 m 381.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 530.6 m 438.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 530.6 m 498.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 530.6 m 506.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 530.6 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 316.5 530.6 m 373.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 509.6 m 373.5 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 530.6 m 381.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 530.6 m 438.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 509.6 m 438.5 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 530.6 m 498.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 509.6 m 498.5 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 530.6 m 506.5 530.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 530.6 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 506.5 509.6 m 561.5 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 509.6 m 373.5 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 509.6 m 438.5 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 509.6 m 498.5 509.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 509.6 m 561.5 509.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.20 542.83 Td (For the Three Months Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.20 534.83 Td (May 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.25 542.83 Td (For the Nine Months Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.20 534.83 Td (May 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 336.50 513.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.50 513.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.50 513.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.50 513.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.70 500.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 487.17 Td (Net sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 487.17 Td (........................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.00 487.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.60 487.17 Td (2,043,628) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.00 487.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.60 487.17 Td (1,623,696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.00 487.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.60 487.17 Td (5,807,777) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 487.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.60 487.17 Td (4,673,341) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 473.17 Td (Gross profit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.50 473.17 Td (...................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.15 473.17 Td (234,055) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 473.17 Td (255,191) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 473.17 Td (651,705) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 473.17 Td (638,093) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 459.17 Td (Net earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 459.17 Td (..................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.15 459.17 Td (133,132) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 459.17 Td (121,022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 459.17 Td (317,674) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 459.17 Td (283,996) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 445.17 Td (Earnings attributable to CHS Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.50 445.17 Td (.................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 445.17 Td (38,662) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 445.17 Td (64,615) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 445.17 Td (104,568) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 445.17 Td (118,845) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 405.10 Td (Note 5 ) Tj ET Q q 0 0 0 rg BT 86.00 405.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 405.10 Td (Goodwill and Other) Tj ET Q q 0 0 0 rg BT 207.39 405.10 Td ( Intangible ) Tj ET Q q 0 0 0 rg BT 255.74 405.10 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 381.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 381.10 Td (Goodwill of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.11 381.10 Td ($153.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.00 381.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.44 381.10 Td ($160.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.33 381.10 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.49 381.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.32 381.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.71 381.10 Td (August31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.10 381.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 494.76 381.10 Td (, is included in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 369.10 Td (other assets on our Consolidated Balance Sheets. Changes in the net carrying amount of goodwill for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.30 369.10 Td (the nine months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.56 369.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 357.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.83 357.10 Td (, by segment, are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 313.60 287.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 313.60 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 313.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 313.60 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 313.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 313.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 313.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 313.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 285.60 287.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 285.60 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 285.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 285.60 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 285.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 285.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 285.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 285.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 257.60 287.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.50 257.60 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 257.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 257.60 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 257.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 257.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 257.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 257.60 55.00 -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 336.5 327.6 m 390.5 327.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 327.6 m 448.5 327.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 327.6 m 502.5 327.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 327.6 m 561.5 327.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336.5 257.6 m 390.5 257.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 257.6 m 448.5 257.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 257.6 m 502.5 257.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 257.6 m 561.5 257.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336.5 257.6 m 390.5 257.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336.5 244.60000000000002 m 390.5 244.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336.5 242.60000000000002 m 390.5 242.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 257.6 m 448.5 257.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 244.60000000000002 m 448.5 244.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 242.60000000000002 m 448.5 242.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 257.6 m 502.5 257.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 244.60000000000002 m 502.5 244.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 242.60000000000002 m 502.5 242.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 257.6 m 561.5 257.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 244.60000000000002 m 561.5 244.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 242.60000000000002 m 561.5 242.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.55 331.83 Td (Energy) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.10 331.83 Td (Ag) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.20 338.68 Td (Corporate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.40 330.68 Td (and Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.75 331.83 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.70 317.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 304.17 Td (Balances, August 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.50 304.17 Td (.....................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 304.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.65 304.17 Td (552) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.00 304.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 304.17 Td (148,916) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.00 304.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 304.17 Td (10,946) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 304.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 304.17 Td (160,414) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 290.17 Td (Effect of foreign currency translation adjustments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.00 290.17 Td (................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 290.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.30 290.22 Td (\(868) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 290.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 290.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 290.22 Td (\(868) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 290.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 276.17 Td (Impairment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.50 276.17 Td (.............................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 276.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.80 276.22 Td (\(5,542) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 276.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 276.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 276.22 Td (\(5,542) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 276.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 262.17 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.50 262.17 Td (.......................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 262.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.30 262.22 Td (\(298) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 262.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 262.22 Td (\(372) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 262.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 262.22 Td (\(670) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 262.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 248.17 Td (Balances, May 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.50 248.17 Td (.........................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 248.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.65 248.17 Td (552) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.00 248.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 248.17 Td (142,208) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.00 248.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 248.17 Td (10,574) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 248.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 248.17 Td (153,334) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 220.10 Td (No) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.22 220.10 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 50.00 208.10 Td (accounted for under the equity method.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 184.10 Td (All long-lived assets, including property) Tj ET Q q 0 0 0 rg BT 246.71 184.10 Td (, plant and equipment, goodwill, investments in unconsolidated af) Tj ET Q q 0 0 0 rg BT 510.10 184.10 Td (filiates and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.10 Td (other identifiable intangible assets, are evaluated for impairment in accordance with GAAP) Tj ET Q q 0 0 0 rg BT 414.32 172.10 Td (. Goodwill is evaluated for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (impairment annually as of May 31. ) Tj ET Q q 0 0 0 rg BT 192.47 160.10 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 50.00 148.10 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 50.00 136.10 Td (recoverable. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.63 136.10 Td (No) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.85 136.10 Td ( impairments were identified as a result of the Company) Tj ET Q q 0 0 0 rg BT 341.29 136.10 Td (s annual goodwill analyses performed as of May 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 100.10 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 542.85 100.10 Td (Ag ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 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 88.10 Td ($5.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.44 88.10 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 76.10 Td (value basis. ) Tj ET Q q 0 0 0 rg BT 98.60 76.10 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 76.10 Td (ge of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.70 76.10 Td ($51.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.59 76.10 Td ( which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.10 Td (includes the allocated goodwill discussed above, was recorded in the Reserve and impairment char) Tj ET Q q 0 0 0 rg BT 444.69 64.10 Td (ges line item in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.10 Td (Consolidated Statements of Operations for the three and nine months ended May 31, 2017. Following the impairment char) Tj ET Q q 0 0 0 rg BT 540.00 52.10 Td (ge, ) 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 301.00 31.60 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (the assets remaining within the disposal group primarily include property) Tj ET Q q 0 0 0 rg BT 342.34 742.10 Td (, plant and equipment of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.32 742.10 Td ($32.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.21 742.10 Td (, inventories of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td ($23.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.89 730.10 Td (, accounts receivable of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.79 730.10 Td ($8.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.68 730.10 Td (, and intangible assets of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.77 730.10 Td ($2.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.66 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 404.48 730.10 Td (The disposal group represents assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (being sold as part of a broader asset portfolio review project. Negotiations for the sale of these assets is ongoing and we believe ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (their sale will be consummated within the next 12 months. ) Tj ET Q q 0 0 0 rg BT 286.17 706.10 Td (The held for sale assets and liabilities are recorded in other current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (assets and accounts payable in our Consolidated Balance Sheet as of May 31, 2017.) Tj ET Q BT /F1 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 50.00 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 670.10 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 50.00 658.10 Td (and are amortized over their respective useful lives \(ranging from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.89 658.10 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.89 658.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.67 658.10 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.67 658.10 Td (years\). Information regarding intangible assets that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (are included in other assets on our Consolidated Balance Sheets is as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 580.60 205.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 580.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 580.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 580.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 580.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 580.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 580.60 9.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 580.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 580.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 580.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 580.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 580.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 551.60 205.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 551.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 551.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.50 551.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 551.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 551.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 551.60 9.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 551.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 551.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 551.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 551.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 551.60 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 254.5 614.6 m 301.5 614.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 614.6 m 305.5 614.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 614.6 m 352.5 614.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 614.6 m 356.5 614.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 614.6 m 403.5 614.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 614.6 m 459.5 614.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 614.6 m 463.5 614.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 614.6 m 510.5 614.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 614.6 m 514.5 614.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 614.6 m 561.5 614.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 594.6 m 301.5 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 594.6 m 352.5 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 594.6 m 403.5 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 594.6 m 459.5 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 594.6 m 510.5 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 594.6 m 561.5 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 551.6 m 301.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 538.6 m 301.5 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 536.6 m 301.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 551.6 m 352.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 538.6 m 352.5 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 536.6 m 352.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 551.6 m 403.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 538.6 m 403.5 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 536.6 m 403.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 551.6 m 459.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 538.6 m 459.5 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 536.6 m 459.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 551.6 m 510.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 538.6 m 510.5 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 536.6 m 510.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 551.6 m 561.5 551.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 538.6 m 561.5 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 536.6 m 561.5 536.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.70 626.83 Td (May 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 320.50 618.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.25 626.83 Td (August 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.50 618.83 Td (2016) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 263.65 605.66 Td (Carrying) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 265.20 598.66 Td (Amount) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 308.65 605.66 Td (Accumulated) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 308.45 598.66 Td (Amortization) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 374.25 598.66 Td (Net) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 421.65 605.66 Td (Carrying) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 423.20 598.66 Td (Amount) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 466.65 605.66 Td (Accumulated) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 466.45 598.66 Td (Amortization) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 532.25 598.66 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.70 584.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 571.17 Td (Customer lists) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.00 571.17 Td (........................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.00 571.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.10 571.17 Td (48,975) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.00 571.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.80 571.22 Td (\(14,568) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.65 571.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.00 571.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.10 571.17 Td (34,407) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 571.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.10 571.17 Td (51,554) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.00 571.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.80 571.22 Td (\(15,550) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.65 571.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.00 571.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.10 571.17 Td (36,004) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 556.27 Td (Trademarks and other intangible assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.50 556.17 Td (.................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.10 556.27 Td (23,618) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.80 556.32 Td (\(21,713) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.65 556.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.15 556.27 Td (1,905) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.10 556.27 Td (35,015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.80 556.32 Td (\(26,253) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.65 556.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 556.27 Td (8,762) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 542.17 Td (Total intangible assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.00 542.17 Td (............................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.00 542.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.10 542.17 Td (72,593) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.00 542.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.80 542.22 Td (\(36,281) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.65 542.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.00 542.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.10 542.17 Td (36,312) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 542.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.10 542.17 Td (86,569) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.00 542.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.80 542.22 Td (\(41,803) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.65 542.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.00 542.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.10 542.17 Td (44,766) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 514.10 Td (T) Tj ET Q q 0 0 0 rg BT 91.41 514.10 Td (otal amortization expense for intangible assets during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.74 514.10 Td (the three and nine months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.42 514.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.92 514.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.75 514.10 Td (, was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.80 514.10 Td ($1.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 502.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.33 502.10 Td ($3.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.22 502.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 199.88 502.10 Td (. ) Tj ET Q q 0 0 0 rg BT 204.70 502.10 Td (T) Tj ET Q q 0 0 0 rg BT 210.11 502.10 Td (otal amortization expense for intangible assets during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.44 502.10 Td (the three and nine months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.12 502.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.83 490.10 Td (, was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.88 490.10 Td ($1.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.77 490.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.21 490.10 Td ($4.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.10 490.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 298.76 490.10 Td (. ) Tj ET Q q 0 0 0 rg BT 303.58 490.10 Td (The estimated annual amortization expense related to intangible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (assets subject to amortization for the next five years is as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 452.60 430.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 452.60 82.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 422.60 430.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 422.60 82.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 392.60 430.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 392.60 82.00 -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 479.5 452.6 m 561.5 452.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 482.20 456.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 442.27 Td (Year 1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.50 442.17 Td (...............................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.00 442.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 442.27 Td (3,654) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 427.27 Td (Year 2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.50 427.17 Td (...............................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 427.27 Td (3,653) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 412.27 Td (Year 3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.50 412.17 Td (...............................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 412.27 Td (3,487) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 397.27 Td (Year 4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.50 397.17 Td (...............................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 397.27 Td (3,344) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 382.27 Td (Year 5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.50 382.17 Td (...............................................................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 382.27 Td (3,170) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 342.10 Td (Note 6 ) Tj ET Q q 0 0 0 rg BT 86.00 342.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 342.10 Td (Notes Payable and Long-T) Tj ET Q q 0 0 0 rg BT 234.71 342.10 Td (erm Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 318.10 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 50.00 306.10 Td (consolidated net worth and other financial ratios. ) Tj ET Q q 0 0 0 rg BT 248.09 306.10 Td (W) Tj ET Q q 0 0 0 rg BT 256.73 306.10 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 464.43 306.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.26 306.10 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 249.60 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 249.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 249.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 249.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 221.60 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 221.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 221.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 221.60 65.00 -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 428.5 262.6 m 493.5 262.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 262.6 m 562.5 262.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 221.60000000000002 m 493.5 221.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 221.60000000000002 m 562.5 221.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 208.60000000000002 m 493.5 208.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 206.60000000000002 m 493.5 206.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 208.60000000000002 m 562.5 208.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 206.60000000000002 m 562.5 206.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.70 274.83 Td (May 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 266.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.25 274.83 Td (August 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 266.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.20 253.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 240.17 Td (Notes payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.00 240.17 Td (..............................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 240.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 240.17 Td (2,465,333) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 240.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 240.17 Td (1,803,174) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 226.17 Td (CHS Capital notes payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.50 226.17 Td (.........................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 226.17 Td (856,475) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 226.17 Td (928,305) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 212.17 Td (Total notes payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.50 212.17 Td (.....................................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 212.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 212.17 Td (3,321,808) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 212.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 212.17 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 50.00 184.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 184.10 Td (On ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.72 184.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.55 184.10 Td (, our primary line of credit was a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.12 184.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.66 184.10 Td (-year) Tj ET Q q 0 0 0 rg BT 325.80 184.10 Td (, unsecured revolving credit facility with a committed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.10 Td (amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.33 172.10 Td ($3.0 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.44 172.10 Td ( which expires in September 2020. ) Tj ET Q q 0 0 0 rg BT 280.62 172.10 Td (The outstanding balance on this facility was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.18 172.10 Td ($1.1 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.29 172.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.73 172.10 Td ($700.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 160.10 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.05 160.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.88 160.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.27 160.10 Td (August31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.66 160.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 299.32 160.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 136.10 Td (During the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.59 136.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.42 136.10 Td (, we re-advanced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.93 136.10 Td ($130.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.82 136.10 Td ( under the revolving provision of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.07 136.10 Td (ten) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.29 136.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (year term loan with a syndication of banks that was originally arranged in September 2015. ) Tj ET Q q 0 0 0 rg BT 417.50 124.10 Td (The terms of the re-advance are the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (same as the terms of the original term loan, with principal due on September 4, 2025, and interest calculated at a London ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (Interbank Of) Tj ET Q q 0 0 0 rg BT 101.19 100.10 Td (fered Rate \("LIBOR"\) plus an applicable mar) Tj ET Q q 0 0 0 rg BT 282.44 100.10 Td (gin ranging between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.58 100.10 Td (1.50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.41 100.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.85 100.10 Td (2.00%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.68 100.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 76.10 Td (Interest expense for the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.88 76.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.71 76.10 Td (, and 2016, was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.70 76.10 Td ($39.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.59 76.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.03 76.10 Td ($37.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.92 76.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 64.10 Td (, net of capitalized interest of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.78 64.10 Td ($1.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.67 64.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.11 64.10 Td ($6.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.00 64.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 386.66 64.10 Td (. Interest expense for the nine months ) 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 (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.38 742.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.21 742.10 Td (, and 2016, was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.20 742.10 Td ($1) Tj ET Q q 0 0 0 rg BT 206.83 742.10 Td (17.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.72 742.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.16 742.10 Td ($71.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.05 742.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 381.71 742.10 Td (, net of capitalized interest of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.83 742.10 Td ($4.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.72 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 730.10 Td ($27.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.83 730.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 173.49 730.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (Note 7 ) Tj ET Q q 0 0 0 rg BT 86.00 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 706.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 155.98 706.10 Td (T) Tj ET Q q 0 0 0 rg BT 161.73 706.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 682.10 Td (During the three months ended May31, 2017, our Board of Directors adopted a resolution to treat equity redemptions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (of non-qualified equity certificates issued in fiscal 2013 and fiscal 2014 in the same manner as qualified equity certificates are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (treated and redeemed under the Eligible ) Tj ET Q q 0 0 0 rg BT 216.04 658.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 247.42 658.10 Td (Association Equity provision of the Board's Policy for the Redemption of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (CHS Inc. Equities.Previously we had not established an intent regarding the redemption of non-qualified equity certificates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (issued to cooperative association members and other corporate entity non-qualified equity participants, thus the tax benefit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (associated with redemption would have been recognized in future periods as those redemptions occurred.) Tj ET Q q 0 0 0 rg BT 472.92 622.10 Td (As a result of the new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (resolution, we recorded a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.57 610.10 Td ($75.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.46 610.10 Td ( deferred tax benefit during the third quarter of fiscal 2017 related to the future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (redemption, at the discretion of our Board of Directors, of non-qualified equity certificates to cooperative association members ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (and other corporate entity non-qualified equity participants.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 562.10 Td (During the three months ended May 31, 2017, we incurred losses associated with a trading partner of ours in Brazil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (entering into bankruptcy proceedings under Brazilian law) Tj ET Q q 0 0 0 rg BT 279.83 550.10 Td (, and we will be required to fund approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.11 550.10 Td ($230.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.00 550.10 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (losses in our Brazilian operations via guarantees in place with our Brazilian subsidiary and its lending syndicate. Performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (of these guarantees results in a bad debt deduction on our U.S. tax return, subject to the insurance and subrogation recovery ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (provisions within the U.S. ) Tj ET Q q 0 0 0 rg BT 157.05 514.10 Td (T) Tj ET Q q 0 0 0 rg BT 162.46 514.10 Td (ax Code. ) Tj ET Q q 0 0 0 rg BT 199.95 514.10 Td (As a result of performance on the guarantee, we recorded an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.73 514.10 Td ($84.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.62 514.10 Td ( deferred tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (benefit during the third quarter of fiscal 2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 478.10 Td (These two tax benefits are the primary contributors to our tax benefit position for the three and nine month periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (ended May 31, 2017, within the Consolidated Statements of Operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (Note 8 ) Tj ET Q q 0 0 0 rg BT 86.00 442.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 442.10 Td (Equities) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (Changes in Equities) 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 (Changes in equities for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.98 394.10 Td (the nine months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.24 394.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.74 394.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.57 394.10 Td (, are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 338.60 140.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 338.60 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.50 338.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 338.60 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 338.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 338.60 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 338.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 338.60 39.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 338.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 338.60 47.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 338.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 338.60 40.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 338.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 338.60 46.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 338.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.50 338.60 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 307.60 140.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 307.60 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.50 307.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 307.60 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 307.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 307.60 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 307.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 307.60 39.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 307.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 307.60 47.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 307.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 307.60 40.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 307.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 307.60 46.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 307.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.50 307.60 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 283.60 140.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 283.60 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.50 283.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 283.60 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 283.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 283.60 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 283.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 283.60 39.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 283.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 283.60 47.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 283.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 283.60 40.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 283.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 283.60 46.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 283.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.50 283.60 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 259.60 140.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 259.60 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.50 259.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 259.60 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 259.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 259.60 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 259.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 259.60 39.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 259.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 259.60 47.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 259.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 259.60 40.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 259.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 259.60 46.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 259.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.50 259.60 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 235.60 140.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 235.60 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.50 235.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 235.60 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 235.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 235.60 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 235.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 235.60 39.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 235.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 235.60 47.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 235.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 235.60 40.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 235.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 235.60 46.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 235.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.50 235.60 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 211.60 140.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 211.60 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.50 211.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 211.60 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 211.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 211.60 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 211.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 211.60 39.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 211.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 211.60 47.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 211.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 211.60 40.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 211.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 211.60 46.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 211.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.50 211.60 42.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 372.6 m 233.5 372.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233.5 372.6 m 237.5 372.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 372.6 m 282.5 372.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 372.6 m 286.5 372.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 372.6 m 328.5 372.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 372.6 m 233.5 372.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 349.6 m 233.5 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 372.6 m 282.5 372.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 349.6 m 282.5 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 372.6 m 328.5 372.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 349.6 m 328.5 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 349.6 m 371.5 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 349.6 m 422.5 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 349.6 m 466.5 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 349.6 m 516.5 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 349.6 m 562.5 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 349.6 m 233.5 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 349.6 m 282.5 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 349.6 m 328.5 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 349.6 m 371.5 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 349.6 m 466.5 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 349.6 m 516.5 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 349.6 m 562.5 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 199.60000000000002 m 233.5 199.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 199.60000000000002 m 282.5 199.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 199.60000000000002 m 328.5 199.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 199.60000000000002 m 371.5 199.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 199.60000000000002 m 422.5 199.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 199.60000000000002 m 466.5 199.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 199.60000000000002 m 516.5 199.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 199.60000000000002 m 562.5 199.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 199.60000000000002 m 233.5 199.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 188.60000000000002 m 233.5 188.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 186.60000000000002 m 233.5 186.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 199.60000000000002 m 282.5 199.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 188.60000000000002 m 282.5 188.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 186.60000000000002 m 282.5 186.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 199.60000000000002 m 328.5 199.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 188.60000000000002 m 328.5 188.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 186.60000000000002 m 328.5 186.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 199.60000000000002 m 371.5 199.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 188.60000000000002 m 371.5 188.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 186.60000000000002 m 371.5 186.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 199.60000000000002 m 422.5 199.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 188.60000000000002 m 422.5 188.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 186.60000000000002 m 422.5 186.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 199.60000000000002 m 466.5 199.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 188.60000000000002 m 466.5 188.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 186.60000000000002 m 466.5 186.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 199.60000000000002 m 516.5 199.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 188.60000000000002 m 516.5 188.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 186.60000000000002 m 516.5 186.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 199.60000000000002 m 562.5 199.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 188.60000000000002 m 562.5 188.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 186.60000000000002 m 562.5 186.60000000000002 l s BT /F1 7.00 Tf ET q 0 0 0 rg BT 53.00 376.25 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 234.75 376.44 Td (Equity Certificates) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 351.50 376.44 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 381.50 371.44 Td (Accumulated) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 390.85 365.44 Td (Other) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 378.55 359.44 Td (Comprehensive) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 392.65 353.44 Td (Loss) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 446.00 376.44 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 493.00 376.44 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 541.00 376.44 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 201.95 365.44 Td (Capital) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 202.80 359.44 Td (Equity) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 196.65 353.44 Td (Certificates) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 241.20 365.44 Td (Nonpatronage) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 250.80 359.44 Td (Equity) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 244.65 353.44 Td (Certificates) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 290.30 365.44 Td (Nonqualified) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 298.30 359.44 Td (Equity) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 292.15 353.44 Td (Certificates) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 339.10 359.44 Td (Preferred) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 344.30 353.44 Td (Stock) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 436.45 359.44 Td (Capital) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 434.65 353.44 Td (Reserves) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 473.70 359.44 Td (Noncontrolling) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 481.85 353.44 Td (Interests) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 534.40 359.44 Td (Total) Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 530.45 353.44 Td (Equities) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 53.00 342.25 Td () Tj ET Q BT /F2 6.00 Tf ET q 0 0 0 rg BT 347.65 342.44 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 53.00 330.65 Td (Balance, August 31, 2016) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 125.75 330.25 Td (...................................) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 193.00 330.65 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 202.60 330.65 Td (3,932,513) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 240.00 330.65 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 260.40 330.65 Td (22,894) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 289.00 330.65 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 302.90 330.65 Td (281,767) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 335.00 330.65 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 340.60 330.65 Td (2,244,132) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 378.00 330.65 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 394.55 330.70 Td (\(211,726) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 419.65 330.65 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 429.00 330.65 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 435.60 330.65 Td (1,582,380) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 473.00 330.65 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 494.40 330.65 Td (14,290) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 523.00 330.65 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 531.60 330.65 Td (7,866,250) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 53.00 318.65 Td (Reversal of prior year patronage and) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 53.00 311.65 Td (redemption estimates) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 113.50 311.25 Td (..........................................) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 205.55 311.65 Td (\(121,892) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 230.65 311.65 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 272.65 311.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 318.65 311.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 361.65 311.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 412.65 311.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 440.85 311.65 Td (278,968) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 506.65 311.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 536.90 311.65 Td (157,076) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 53.00 299.65 Td (Distribution of 2016 patronage refunds) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 162.50 299.25 Td (..............) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 207.90 299.65 Td (153,589) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 272.65 299.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 318.65 299.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 361.65 299.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 412.65 299.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 438.55 299.70 Td (\(257,468) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 463.65 299.65 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 506.65 299.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 534.55 299.70 Td (\(103,879) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 559.65 299.65 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 53.00 287.65 Td (Redemptions of equities) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 122.25 287.25 Td (.....................................) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 209.05 287.65 Td (\(43,949) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 230.65 287.65 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 266.80 287.65 Td (\(154) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 279.65 287.65 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 307.55 287.70 Td (\(1,386) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 325.65 287.65 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 361.65 287.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 412.65 287.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 456.65 287.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 506.65 287.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 538.05 287.70 Td (\(45,489) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 559.65 287.65 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 53.00 275.65 Td (Equities issued, net) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 108.25 275.25 Td (.............................................) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 214.90 275.65 Td (3,176) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 272.65 275.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 318.65 275.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 349.40 275.65 Td (19,986) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 412.65 275.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 456.65 275.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 506.65 275.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 540.40 275.65 Td (23,162) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 53.00 263.65 Td (Preferred stock dividends) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 125.75 263.25 Td (...................................) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 223.65 263.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 272.65 263.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 318.65 263.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 361.65 263.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 412.65 263.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 438.55 263.70 Td (\(139,760) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 463.65 263.65 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 506.65 263.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 534.55 263.70 Td (\(139,760) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 559.65 263.65 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 53.00 251.65 Td (Other, net) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 82.00 251.25 Td (............................................................) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 212.55 251.65 Td (\(7,560) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 230.65 251.65 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 263.90 251.65 Td (7,300) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 312.80 251.70 Td (\(391) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 325.65 251.65 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 359.30 251.70 Td (\(55) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 368.65 251.65 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 412.65 251.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 447.90 251.65 Td (3,046) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 495.55 251.70 Td (\(1,066) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 513.65 251.65 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 543.90 251.65 Td (1,274) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 53.00 239.65 Td (Net income) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 85.50 239.25 Td (..........................................................) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 223.65 239.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 272.65 239.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 318.65 239.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 361.65 239.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 412.65 239.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 440.85 239.65 Td (178,532) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 500.80 239.70 Td (\(757) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 513.65 239.65 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 536.90 239.65 Td (177,775) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 53.00 227.65 Td (Other comprehensive income \(loss\), net of tax) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 183.50 227.25 Td (..) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 223.65 227.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 272.65 227.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 318.65 227.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 361.65 227.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 403.90 227.65 Td (2,026) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 456.65 227.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 506.65 227.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 543.90 227.65 Td (2,026) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 53.00 215.65 Td (Estimated 2017 cash patronage refunds) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 164.25 215.25 Td (.............) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 223.65 215.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 272.65 215.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 318.65 215.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 361.65 215.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 412.65 215.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 442.05 215.70 Td (\(68,229) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 463.65 215.65 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 506.65 215.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 538.05 215.70 Td (\(68,229) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 559.65 215.65 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 53.00 203.65 Td (Estimated 2017 equity redemptions) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 153.75 203.25 Td (...................) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 209.05 203.65 Td (\(11,250) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 230.65 203.65 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 272.65 203.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 318.65 203.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 361.65 203.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 412.65 203.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 456.65 203.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 506.65 203.65 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 538.05 203.70 Td (\(11,250) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 559.65 203.65 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 53.00 191.65 Td (Balance, May 31, 2017) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 118.75 191.25 Td (.......................................) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 193.00 191.65 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 202.60 191.65 Td (3,904,627) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 240.00 191.65 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 260.40 191.65 Td (30,040) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 289.00 191.65 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 302.90 191.65 Td (279,990) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 335.00 191.65 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 340.60 191.65 Td (2,264,063) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 378.00 191.65 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 394.55 191.70 Td (\(209,700) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 419.65 191.65 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 429.00 191.65 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 435.60 191.65 Td (1,577,469) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 473.00 191.65 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 494.40 191.65 Td (12,467) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 523.00 191.65 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 531.60 191.65 Td (7,858,956) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 176.10 Td ( ) 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 (14) 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 218.61 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 230.00 742.25 Td ( ) 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, net of tax, are as follows for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.87 718.25 Td (the nine ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.83 706.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.33 706.25 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.16 706.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.09 706.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.09 706.25 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 637.75 209.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 637.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 637.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 637.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 637.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 637.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 637.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 637.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 637.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 637.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 597.75 209.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 597.75 58.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 597.75 6.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 597.75 58.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 597.75 6.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 597.75 53.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 597.75 6.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 597.75 55.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 597.75 6.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 597.75 55.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 556.75 209.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 556.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 556.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 556.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 556.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 556.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 556.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 556.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 556.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 556.75 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 259.5 650.75 m 317.5 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 650.75 m 381.5 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 650.75 m 440.5 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 650.75 m 501.5 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 650.75 m 562.5 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 571.75 m 317.5 571.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 571.75 m 381.5 571.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 571.75 m 440.5 571.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 571.75 m 501.5 571.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 571.75 m 562.5 571.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 571.75 m 317.5 571.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 556.75 m 317.5 556.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 571.75 m 381.5 571.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 556.75 m 381.5 556.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 571.75 m 440.5 571.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 556.75 m 440.5 556.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 571.75 m 501.5 571.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 556.75 m 501.5 556.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 571.75 m 562.5 571.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 556.75 m 562.5 556.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 542.75 m 317.5 542.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 540.75 m 317.5 540.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 542.75 m 381.5 542.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 540.75 m 381.5 540.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 542.75 m 440.5 542.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 540.75 m 440.5 540.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 542.75 m 501.5 542.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 540.75 m 501.5 540.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 542.75 m 562.5 542.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 540.75 m 562.5 540.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 267.20 678.98 Td (Pension and) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.85 670.98 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 262.60 662.98 Td (Postretirement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 274.20 654.98 Td (Benefits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 326.40 686.98 Td (Unrealized Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 338.30 678.98 Td (Gain on) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 330.00 670.98 Td (Available for) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 344.85 662.98 Td (Sale) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 331.30 654.98 Td (Investments) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.35 662.98 Td (Cash Flow) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.05 654.98 Td (Hedges) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.20 678.98 Td (Foreign) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.10 670.98 Td (Currency) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.75 662.98 Td (Translation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.25 654.98 Td (Adjustment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.75 654.98 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.70 641.98 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 627.42 Td (Balance as of August 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.00 627.32 Td (................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.00 627.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.80 627.47 Td (\(165,146) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.65 627.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.00 627.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 627.42 Td (5,656) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.00 627.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.80 627.47 Td (\(9,196) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 627.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 627.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.80 627.47 Td (\(43,040) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.65 627.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.00 627.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.80 627.47 Td (\(211,726) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 627.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 612.42 Td (Current period other comprehensive income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 602.42 Td (\(loss\), net of tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.50 602.32 Td (.................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.30 602.47 Td (\(309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.65 602.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 602.42 Td (1,627) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 602.42 Td (1,184) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.80 602.47 Td (\(12,208) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.65 602.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 602.47 Td (\(9,706) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 602.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 586.42 Td (Amounts reclassified from accumulated other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 576.42 Td (comprehensive income \(loss\), net of tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.50 576.32 Td (...........) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.15 576.42 Td (10,908) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.65 576.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.65 576.42 Td (809) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 576.42 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 576.42 Td (11,732) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 561.42 Td (Net other comprehensive income \(loss\), net of tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.50 561.32 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.15 561.42 Td (10,599) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 561.42 Td (1,627) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 561.42 Td (1,993) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.80 561.47 Td (\(12,193) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.65 561.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 561.42 Td (2,026) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 546.42 Td (Balance as of May 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 546.32 Td (....................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.00 546.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.80 546.47 Td (\(154,547) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.65 546.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.00 546.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 546.42 Td (7,283) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.00 546.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.80 546.47 Td (\(7,203) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 546.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 546.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.80 546.47 Td (\(55,233) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.65 546.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.00 546.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.80 546.47 Td (\(209,700) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 546.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 461.75 209.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 461.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 461.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 461.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 461.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 461.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 461.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 461.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 461.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 461.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 421.75 209.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 421.75 58.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 421.75 6.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 421.75 58.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 421.75 6.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 421.75 53.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 421.75 6.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 421.75 55.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 421.75 6.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 421.75 55.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 380.75 209.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 380.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 380.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 380.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 380.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 380.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 380.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 380.75 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 380.75 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 380.75 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 259.5 474.75 m 317.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 474.75 m 381.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 474.75 m 440.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 474.75 m 501.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 474.75 m 562.5 474.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 395.75 m 317.5 395.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 395.75 m 381.5 395.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 395.75 m 440.5 395.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 395.75 m 501.5 395.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 395.75 m 562.5 395.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 380.75 m 317.5 380.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 380.75 m 381.5 380.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 380.75 m 440.5 380.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 380.75 m 501.5 380.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 380.75 m 562.5 380.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 366.75 m 317.5 366.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 364.75 m 317.5 364.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 366.75 m 381.5 366.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 364.75 m 381.5 364.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 366.75 m 440.5 366.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 364.75 m 440.5 364.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 366.75 m 501.5 366.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 364.75 m 501.5 364.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 366.75 m 562.5 366.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 364.75 m 562.5 364.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 267.20 502.98 Td (Pension and) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.85 494.98 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 262.60 486.98 Td (Postretirement) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 274.20 478.98 Td (Benefits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 326.40 510.98 Td (Unrealized Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 338.30 502.98 Td (Gain on) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 330.00 494.98 Td (Available for) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 344.85 486.98 Td (Sale) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 331.30 478.98 Td (Investments) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.35 486.98 Td (Cash Flow) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.05 478.98 Td (Hedges) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.20 502.98 Td (Foreign) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.10 494.98 Td (Currency) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.75 486.98 Td (Translation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.25 478.98 Td (Adjustment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.75 478.98 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.70 465.98 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 451.42 Td (Balance as of August 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.00 451.32 Td (................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.00 451.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.80 451.47 Td (\(171,729) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.65 451.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.00 451.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 451.42 Td (4,156) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.00 451.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.80 451.47 Td (\(5,324) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 451.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 451.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.80 451.47 Td (\(41,310) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.65 451.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.00 451.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.80 451.47 Td (\(214,207) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 451.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 436.42 Td (Current period other comprehensive income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 426.42 Td (\(loss\), net of tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.50 426.32 Td (.................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 426.42 Td (135) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.65 426.42 Td (462) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.80 426.47 Td (\(6,805) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 426.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 426.47 Td (\(6,380) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.65 426.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 426.47 Td (\(12,588) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 426.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 410.42 Td (Amounts reclassified from accumulated other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 400.42 Td (comprehensive income \(loss\), net of tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.50 400.32 Td (...........) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.15 400.42 Td (9,671) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.65 400.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 400.42 Td (2,860) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.65 400.42 Td (470) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 400.42 Td (13,001) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 385.42 Td (Net other comprehensive income \(loss\), net of tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.50 385.32 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.15 385.42 Td (9,806) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.65 385.42 Td (462) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.80 385.47 Td (\(3,945) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 385.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 385.47 Td (\(5,910) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.65 385.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 385.42 Td (413) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 370.42 Td (Balance as of May 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 370.32 Td (....................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.00 370.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.80 370.47 Td (\(161,923) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.65 370.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.00 370.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 370.42 Td (4,618) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.00 370.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.80 370.47 Td (\(9,269) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 370.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 370.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.80 370.47 Td (\(47,220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.65 370.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.00 370.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.80 370.47 Td (\(213,794) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 370.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 354.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 342.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 342.25 Td (Amounts reclassified from accumulated other comprehensive income \(loss\) were primarily related to pension and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 330.25 Td (other post-retirement benefits. Pension and other post-retirement reclassifications include amortization of net actuarial loss, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 318.25 Td (prior service credit and transition amounts and are recorded as marketing, general and administrative expenses \(see Note 9, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 306.25 Td (Benefit Plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.60 306.25 Td ( for further information\).) 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 (15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Note9 ) 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 (Components of net periodic benefit costs for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.79 682.25 Td (the three and nine months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.47 682.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.97 682.25 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.80 682.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.74 682.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.74 682.25 Td (, are as follows: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 603.75 204.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 603.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 603.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 603.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 603.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 603.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 603.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 603.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 603.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 603.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 603.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 603.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 573.75 204.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 573.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 573.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 573.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 573.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 573.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 573.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 573.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 573.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 573.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 573.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 573.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 543.75 204.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 543.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 543.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 543.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 543.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 543.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 543.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 543.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 543.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 543.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 543.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 543.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 513.75 204.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 513.75 48.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 513.75 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 513.75 48.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 513.75 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 513.75 48.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 513.75 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 513.75 48.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 513.75 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 513.75 48.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 513.75 4.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 513.75 48.00 -32.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 466.75 204.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 466.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 466.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 466.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 466.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 466.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 466.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 466.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 466.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 466.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 466.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 466.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 436.75 204.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 436.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 436.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 436.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 436.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 436.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 436.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 436.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 436.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 436.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 436.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 436.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 406.75 204.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 406.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 406.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 406.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 406.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 406.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 406.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 406.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 406.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 406.75 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 406.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 406.75 48.00 -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 254.5 650.75 m 302.5 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 650.75 m 306.5 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 650.75 m 354.5 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 650.75 m 406.5 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 650.75 m 410.5 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 650.75 m 458.5 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 650.75 m 510.5 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 650.75 m 514.5 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 650.75 m 562.5 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 650.75 m 302.5 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 635.75 m 302.5 635.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 650.75 m 354.5 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 635.75 m 354.5 635.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 650.75 m 406.5 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 635.75 m 406.5 635.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 650.75 m 458.5 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 635.75 m 458.5 635.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 650.75 m 510.5 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 635.75 m 510.5 635.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 650.75 m 562.5 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 635.75 m 562.5 635.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 635.75 m 302.5 635.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 635.75 m 354.5 635.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 635.75 m 406.5 635.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 635.75 m 458.5 635.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 635.75 m 510.5 635.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 528.75 m 302.5 528.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 514.75 m 302.5 514.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 512.75 m 302.5 512.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 528.75 m 354.5 528.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 514.75 m 354.5 514.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 512.75 m 354.5 512.75 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 406.5 528.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 514.75 m 406.5 514.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 512.75 m 406.5 512.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 528.75 m 458.5 528.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 514.75 m 458.5 514.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 512.75 m 458.5 512.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 528.75 m 510.5 528.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 514.75 m 510.5 514.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 512.75 m 510.5 512.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 528.75 m 562.5 528.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 514.75 m 562.5 514.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 512.75 m 562.5 512.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 406.75 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 254.5 392.75 m 302.5 392.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 390.75 m 302.5 390.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 406.75 m 354.5 406.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 392.75 m 354.5 392.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 390.75 m 354.5 390.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 406.75 m 406.5 406.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 392.75 m 406.5 392.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 390.75 m 406.5 390.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 406.75 m 458.5 406.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 392.75 m 458.5 392.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 390.75 m 458.5 390.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 406.75 m 510.5 406.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 392.75 m 510.5 392.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 390.75 m 510.5 390.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 406.75 m 562.5 406.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 392.75 m 562.5 392.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 390.75 m 562.5 390.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 287.95 662.98 Td (Qualified) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 275.85 654.98 Td (Pension Benefits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.55 662.98 Td (Non-Qualified) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 379.85 654.98 Td (Pension Benefits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.05 654.98 Td (Other Benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 640.42 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.00 639.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 322.00 639.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 374.00 639.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.00 639.98 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.00 639.98 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.00 639.98 Td (2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 617.20 Td (Components of net periodic benefit costs for the) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 62.00 608.20 Td (three months ended May 31 are as follows:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.20 607.98 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 593.42 Td ( Service cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.50 593.32 Td (.........................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.00 593.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.10 593.42 Td (10,537) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.00 593.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.15 593.42 Td (9,383) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 593.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 593.42 Td (302) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.00 593.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 593.42 Td (258) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.00 593.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.65 593.42 Td (290) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.00 593.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 593.42 Td (353) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 578.42 Td ( Interest cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.50 578.32 Td (.........................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.15 578.42 Td (5,753) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.15 578.42 Td (7,691) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 578.42 Td (210) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 578.42 Td (352) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.65 578.42 Td (232) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 578.42 Td (427) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 563.42 Td ( Expected return on assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.00 563.32 Td (....................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.80 563.42 Td (\(12,058) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 563.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.80 563.47 Td (\(12,013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 563.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 563.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 563.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 563.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 563.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 548.42 Td ( Prior service cost \(credit\) amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.50 548.32 Td (...............) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.65 548.42 Td (385) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 548.42 Td (402) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 548.42 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 548.42 Td (57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.30 548.47 Td (\(141) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.65 548.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 548.47 Td (\(30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 548.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 533.42 Td ( Actuarial \(gain\) loss amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 533.32 Td (.......................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.15 533.42 Td (5,708) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.15 533.42 Td (4,765) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 533.42 Td (136) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 533.42 Td (172) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.30 533.47 Td (\(199) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.65 533.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 533.47 Td (\(116) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 533.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 518.42 Td (Net periodic benefit cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 518.32 Td (..................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.00 518.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.10 518.42 Td (10,325) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.00 518.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.10 518.42 Td (10,228) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 518.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 518.42 Td (652) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.00 518.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 518.42 Td (839) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.00 518.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.65 518.42 Td (182) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.00 518.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 518.42 Td (634) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 495.20 Td (Components of net periodic benefit costs for the) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 62.00 486.20 Td (nine months ended May 31 are as follows:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.00 486.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.00 486.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.00 486.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.00 486.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.00 486.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.00 486.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 471.42 Td ( Service cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.50 471.32 Td (.........................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.00 471.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.10 471.42 Td (31,612) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.00 471.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.10 471.42 Td (28,149) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 471.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 471.42 Td (905) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.00 471.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 471.42 Td (776) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.00 471.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.65 471.42 Td (870) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.00 471.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 471.42 Td (1,059) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 456.42 Td ( Interest cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.50 456.32 Td (.........................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.10 456.42 Td (17,257) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.10 456.42 Td (23,075) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 456.42 Td (632) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 456.42 Td (1,055) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.65 456.42 Td (698) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 456.42 Td (1,282) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 441.42 Td ( Expected return on assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.00 441.32 Td (....................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.80 441.42 Td (\(36,173) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 441.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.80 441.47 Td (\(36,040) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 441.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 441.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 441.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 441.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 441.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 426.42 Td ( Prior service cost \(credit\) amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.50 426.32 Td (...............) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.15 426.42 Td (1,155) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.15 426.42 Td (1,205) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 426.42 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 426.42 Td (171) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.30 426.47 Td (\(424) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.65 426.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 426.47 Td (\(90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 426.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 411.42 Td ( Actuarial \(gain\) loss amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 411.32 Td (.......................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.10 411.42 Td (17,123) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.10 411.42 Td (14,294) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 411.42 Td (409) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 411.42 Td (518) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.30 411.47 Td (\(598) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.65 411.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 411.47 Td (\(348) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 411.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 396.42 Td (Net periodic benefit cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.00 396.32 Td (..................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.00 396.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.10 396.42 Td (30,974) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.00 396.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.10 396.42 Td (30,683) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 396.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 396.42 Td (1,960) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.00 396.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 396.42 Td (2,520) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.00 396.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.65 396.42 Td (546) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.00 396.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 396.42 Td (1,903) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 368.25 Td (Employer Contributions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 344.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 344.25 Td (T) Tj ET Q q 0 0 0 rg BT 91.41 344.25 Td (otal contributions to be made during fiscal 2017 will depend primarily on market returns on the pension plan assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 332.25 Td (and minimum funding level requirements. During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.90 332.25 Td (the nine months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.16 332.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.66 332.25 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.49 332.25 Td (, we made ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.81 332.25 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.81 332.25 Td ( contributions to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 320.25 Td (pension plans. ) Tj ET Q q 0 0 0 rg BT 109.17 320.25 Td (At this time, we do not anticipate being required to make a contribution for our benefit plans in fiscal 2017.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 296.25 Td (Note10 ) Tj ET Q q 0 0 0 rg BT 86.00 296.25 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 296.25 Td (Segment Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 272.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 272.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 272.25 Td (e define our operating segments in accordance with ) Tj ET Q q 0 0 0 rg BT 302.34 272.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 324.11 272.25 Td (T) Tj ET Q q 0 0 0 rg BT 329.52 272.25 Td (opic 280, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 369.24 272.25 Td (Segment Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.61 272.25 Td (, to reflect the manner in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 260.25 Td (which our chief operating decision maker) Tj ET Q q 0 0 0 rg BT 215.93 260.25 Td (, our Chief Executive Of) Tj ET Q q 0 0 0 rg BT 314.33 260.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 332.24 260.25 Td (, evaluates performance and allocates resources in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 248.25 Td (managing our business. ) Tj ET Q q 0 0 0 rg BT 146.47 248.25 Td (W) Tj ET Q q 0 0 0 rg BT 155.11 248.25 Td (e have aggregated those operating segments into four reportable segments: Ener) Tj ET Q q 0 0 0 rg BT 474.82 248.25 Td (gy) Tj ET Q q 0 0 0 rg BT 484.17 248.25 Td (, ) Tj ET Q q 0 0 0 rg BT 488.62 248.25 Td (Ag, Nitrogen ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 236.25 Td (Production and Foods.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 212.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 212.25 Td (Our Ener) Tj ET Q q 0 0 0 rg BT 122.75 212.25 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 50.00 200.25 Td (transportation of those products. Our ) Tj ET Q q 0 0 0 rg BT 199.42 200.25 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 50.00 188.25 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 50.00 176.25 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 50.00 164.25 Td (CF Nitrogen, which was completed in February 2016 and which entitles us, pursuant to a supply agreement that we entered into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 152.25 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 528.04 152.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 140.25 Td (addition of our 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 50.00 128.25 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 511.13 128.25 Td (V) Tj ET Q q 0 0 0 rg BT 517.24 128.25 Td (entura ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 116.25 Td (Foods. In prior periods, ) Tj ET Q q 0 0 0 rg BT 146.48 116.25 Td (V) Tj ET Q q 0 0 0 rg BT 152.59 116.25 Td (entura Foods was reported as a component of Corporate and Other) Tj ET Q q 0 0 0 rg BT 418.07 116.25 Td (. Historically reported segment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 104.25 Td (results and balances have been revised to reflect the addition of our Foods segment. ) Tj ET Q q 0 0 0 rg BT 386.66 104.25 Td (There were no changes to the composition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 92.25 Td (of our Ener) Tj ET Q q 0 0 0 rg BT 95.36 92.25 Td (gy or ) Tj ET Q q 0 0 0 rg BT 118.13 92.25 Td (Ag segments as a result of the addition of our Nitrogen Production and Foods segments. Corporate and Other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 80.25 Td (primarily represents our non-consolidated wheat milling operations, as well as our business solutions operations, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 68.25 Td (primarily consists of commodities hedging, insurance and financial services related to crop production.) 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 (16) 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 (Corporate administrative expenses and interest are allocated to each business segment, and Corporate and Other) Tj ET Q q 0 0 0 rg BT 533.50 742.10 Td (, based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 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 50.00 718.10 Td (relevant to the costs incurred.) 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 (Many of our business activities are highly seasonal and operating results vary throughout the year) Tj ET Q q 0 0 0 rg BT 476.46 694.10 Td (. For example, in our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 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 50.00 670.10 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 50.00 658.10 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 474.97 658.10 Td (gy segment generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 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 50.00 634.10 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 483.32 634.10 Td (gy products, such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (as propane, may experience higher volumes and profitability during the winter heating and fall crop drying seasons.) 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 (Our revenues, assets and cash flows can be significantly af) Tj ET Q q 0 0 0 rg BT 320.74 598.10 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 50.00 586.10 Td (petroleum products, natural gas, ethanol, grains, oilseeds, crop nutrients and flour) Tj ET Q q 0 0 0 rg BT 375.75 586.10 Td (. Changes in market prices for commodities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 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 426.09 574.10 Td (fect revenues and operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (earnings. Commodity prices are af) Tj ET Q q 0 0 0 rg BT 187.83 562.10 Td (fected by a wide range of factors beyond our control, including the weather) Tj ET Q q 0 0 0 rg BT 488.71 562.10 Td (, crop damage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (due to disease or insects, drought, the availability and adequacy of supply) Tj ET Q q 0 0 0 rg BT 343.99 550.10 Td (, government regulations and policies, world events, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (and general political and economic conditions.) 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 (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 50.00 502.10 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 50.00 490.10 Td (50% or less and do not control the operations. See Note 4, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 284.95 490.10 Td (Investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.16 490.10 Td ( for more information on these entities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 466.10 Td (Reconciling ) Tj ET Q q 0 0 0 rg BT 136.27 466.10 Td (Amounts represent the elimination of revenues and interest between segments. Such transactions are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (executed at market prices to more accurately evaluate the profitability of the individual business segments.) 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 ( ) 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 (Segment information for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.37 430.10 Td (the three and nine months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.05 430.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.55 430.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.38 430.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.32 430.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.32 430.10 Td (, is presented in the tables below) Tj ET Q q 0 0 0 rg BT 546.91 430.10 Td (. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 379.60 135.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 185.50 379.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 379.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 379.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 379.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 379.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 379.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 379.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 379.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 379.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 379.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 379.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 379.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 379.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 351.60 135.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 185.50 351.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 351.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 351.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 351.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 351.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 351.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 351.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 351.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 351.60 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 351.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 351.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 351.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 351.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 323.60 135.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 185.50 323.60 50.00 -14.00 re f 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1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 84.10000000000002 m BT /F2 8.00 Tf ET q 0 0 0 rg BT 197.55 404.83 Td (Energy) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 260.60 404.83 Td (Ag) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 305.95 411.68 Td (Nitrogen) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.95 403.68 Td (Production) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.75 404.83 Td (Foods) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.20 411.68 Td (Corporate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.40 403.68 Td (and Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.50 411.68 Td (Reconciling) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.90 403.68 Td (Amounts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.75 404.83 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 392.68 Td (For the Three Months Ended May) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 384.68 Td (31, 2017:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 335.70 383.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 370.86 Td (Revenues) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.75 370.86 Td (.........................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 188.00 370.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 196.00 370.06 Td (1,638,107) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.00 370.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 253.00 370.06 Td (7,053,991) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 299.00 370.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 334.00 370.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.00 370.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.00 370.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.00 370.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.25 370.06 Td (26,820) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.00 370.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 370.06 Td (\(104,828) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 370.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.00 370.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.00 370.06 Td (8,614,090) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 356.86 Td (Operating earnings \(loss\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 146.00 356.86 Td (................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 208.75 356.06 Td (\(5,723) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 232.00 356.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 256.75 356.06 Td (\(226,668) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 289.00 356.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 319.75 356.06 Td (\(5,619) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 343.00 356.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 373.75 356.06 Td (\(3,101) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.00 356.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.25 356.06 Td (10,814) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 356.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.75 356.06 Td (\(230,297) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 356.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 342.86 Td (\(Gain\) loss on investments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 150.50 342.86 Td (..............) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 223.00 342.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 272.50 342.06 Td (\(393) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 289.00 342.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 334.00 342.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.00 342.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 442.00 342.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 342.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.50 342.06 Td (\(393) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 342.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 328.86 Td (Interest expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 112.25 328.86 Td (...............................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.75 328.06 Td (4,343) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 264.25 328.06 Td (16,609) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 318.25 328.06 Td (10,708) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.50 328.06 Td (\(231) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.00 328.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.75 328.06 Td (8,358) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.50 328.06 Td (\(586) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 328.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 328.06 Td (39,201) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 314.86 Td (Other income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 103.25 314.86 Td (...................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 215.50 314.06 Td (\(332) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 232.00 314.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 261.25 314.06 Td (\(12,493) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 289.00 314.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.50 314.06 Td (\(477) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 343.00 314.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.00 314.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.75 314.06 Td (1,162) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.50 314.06 Td (586) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 531.25 314.06 Td (\(11,554) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 314.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 300.86 Td (Equity \(income\) loss from) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 291.86 Td (investments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 96.50 291.86 Td (......................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 215.50 291.06 Td (\(391) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 232.00 291.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 265.75 291.06 Td (\(9,199) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 289.00 291.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 315.25 291.06 Td (\(24,534) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 343.00 291.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 373.75 291.06 Td (\(9,920) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.00 291.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.75 291.06 Td (\(4,349) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.00 291.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 291.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 531.25 291.06 Td (\(48,393) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 291.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 277.86 Td (Income \(loss\) before income taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 177.50 277.86 Td (..) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 188.00 277.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 208.75 277.06 Td (\(9,343) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 232.00 277.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.00 277.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 256.75 277.06 Td (\(221,192) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 289.00 277.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 299.00 277.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 322.75 277.06 Td (8,684) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.00 277.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.75 277.06 Td (7,050) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.00 277.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.75 277.06 Td (5,643) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.00 277.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 277.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.00 277.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.75 277.06 Td (\(209,158) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 277.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 263.86 Td (Intersegment revenues) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 134.75 263.86 Td (.....................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 188.00 263.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 204.25 263.06 Td (\(97,876) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 232.00 263.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.00 263.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 265.75 263.06 Td (\(7,545) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 289.00 263.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 299.00 263.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 334.00 263.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.00 263.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.00 263.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.00 263.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.50 263.06 Td (593) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.00 263.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 472.75 263.06 Td (104,828) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.00 263.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 263.06 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 197.55 234.83 Td (Energy) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 260.60 234.83 Td (Ag) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 305.95 242.83 Td (Nitrogen) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.95 234.83 Td (Production) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.75 234.83 Td (Foods) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.20 242.83 Td (Corporate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.40 234.83 Td (and Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.50 242.83 Td (Reconciling) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.90 234.83 Td (Amounts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.75 234.83 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 222.68 Td (For the Three Months Ended May) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 214.68 Td (31, 2016:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 335.70 215.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 202.86 Td (Revenues) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.75 202.86 Td (.........................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 188.00 202.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 196.00 202.06 Td (1,322,624) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.00 202.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 253.00 202.06 Td (6,526,714) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 299.00 202.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 334.00 202.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.00 202.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.00 202.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.00 202.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.25 202.06 Td (25,114) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.00 202.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 202.06 Td (\(77,864) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 202.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.00 202.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.00 202.06 Td (7,796,588) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 188.86 Td (Operating earnings \(loss\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 146.00 188.86 Td (................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 202.75 188.06 Td (103,614) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 264.25 188.06 Td (24,432) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 329.50 188.06 Td (253) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 373.75 188.06 Td (\(2,243) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.00 188.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.25 188.06 Td (22,004) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 188.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.75 188.06 Td (148,060) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 174.86 Td (\(Gain\) loss on investments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 150.50 174.86 Td (..............) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 223.00 174.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 272.50 174.06 Td (\(881) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 289.00 174.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 334.00 174.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.00 174.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.50 174.06 Td (181) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 174.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.50 174.06 Td (\(700) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 174.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 160.86 Td (Interest expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 112.25 160.86 Td (...............................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 208.75 160.06 Td (\(4,270) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 232.00 160.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 264.25 160.06 Td (24,518) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 318.25 160.06 Td (16,549) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.50 160.06 Td (645) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.75 160.06 Td (7,951) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 160.06 Td (\(7,927) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 160.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 160.06 Td (37,466) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 146.86 Td (Other income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 103.25 146.86 Td (...................................) 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599.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 597.5 m 505.5 597.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 599.5 m 562.5 599.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 597.5 m 562.5 597.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 185.5 585.5 m 235.5 585.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 185.5 583.5 m 235.5 583.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 597.5 m 292.5 597.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 599.5 m 292.5 599.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 585.5 m 292.5 585.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 583.5 m 292.5 583.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 597.5 m 346.5 597.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 599.5 m 346.5 599.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 585.5 m 346.5 585.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 583.5 m 346.5 583.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 597.5 m 400.5 597.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 599.5 m 400.5 599.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 585.5 m 400.5 585.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 583.5 m 400.5 583.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 597.5 m 454.5 597.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 599.5 m 454.5 599.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 585.5 m 454.5 585.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 583.5 m 454.5 583.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 585.5 m 505.5 585.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 583.5 m 505.5 583.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 585.5 m 562.5 585.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 583.5 m 562.5 583.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 185.5 571.5 m 235.5 571.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 185.5 569.5 m 235.5 569.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 571.5 m 292.5 571.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 569.5 m 292.5 569.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 571.5 m 346.5 571.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 569.5 m 346.5 569.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 571.5 m 400.5 571.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 569.5 m 400.5 569.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 571.5 m 454.5 571.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 569.5 m 454.5 569.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 583.5 m 505.5 583.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 585.5 m 505.5 585.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 571.5 m 505.5 571.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 569.5 m 505.5 569.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 571.5 m 562.5 571.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 569.5 m 562.5 569.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 185.5 569.5 m 235.5 569.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 185.5 571.5 m 235.5 571.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 569.5 m 292.5 569.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 571.5 m 292.5 571.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 569.5 m 346.5 569.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 571.5 m 346.5 571.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 569.5 m 400.5 569.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 571.5 m 400.5 571.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 569.5 m 454.5 569.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 571.5 m 454.5 571.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 569.5 m 505.5 569.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 571.5 m 505.5 571.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 569.5 m 562.5 569.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 571.5 m 562.5 571.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 185.5 544.5 m 235.5 544.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 544.5 m 292.5 544.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 544.5 m 346.5 544.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 544.5 m 400.5 544.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 544.5 m 454.5 544.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 544.5 m 505.5 544.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 544.5 m 562.5 544.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 185.5 544.5 m 235.5 544.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 544.5 m 400.5 544.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 185.5 430.5 m 235.5 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 430.5 m 292.5 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 430.5 m 346.5 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 430.5 m 400.5 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 430.5 m 454.5 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 430.5 m 505.5 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 430.5 m 562.5 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 185.5 417.5 m 235.5 417.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 185.5 415.5 m 235.5 415.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 417.5 m 292.5 417.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 415.5 m 292.5 415.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 417.5 m 346.5 417.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 415.5 m 346.5 415.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 417.5 m 400.5 417.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 415.5 m 400.5 415.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 417.5 m 454.5 417.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 415.5 m 454.5 415.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 417.5 m 505.5 417.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 415.5 m 505.5 415.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 417.5 m 562.5 417.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 415.5 m 562.5 415.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 185.5 403.5 m 235.5 403.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 185.5 401.5 m 235.5 401.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 415.5 m 292.5 415.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 417.5 m 292.5 417.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 403.5 m 292.5 403.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 401.5 m 292.5 401.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 415.5 m 346.5 415.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 417.5 m 346.5 417.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 403.5 m 346.5 403.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 401.5 m 346.5 401.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 415.5 m 400.5 415.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 417.5 m 400.5 417.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 403.5 m 400.5 403.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 401.5 m 400.5 401.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 415.5 m 454.5 415.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 417.5 m 454.5 417.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 403.5 m 454.5 403.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 401.5 m 454.5 401.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 403.5 m 505.5 403.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 401.5 m 505.5 401.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 403.5 m 562.5 403.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 401.5 m 562.5 401.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 197.55 730.73 Td (Energy) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 260.60 730.73 Td (Ag) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 305.95 738.73 Td (Nitrogen) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.95 730.73 Td (Production) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.75 730.73 Td (Foods) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.20 738.73 Td (Corporate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.40 730.73 Td (and Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.50 738.73 Td (Reconciling) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.90 730.73 Td (Amounts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.75 730.73 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 718.58 Td (For the Nine Months Ended May 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 710.58 Td (2017:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 335.70 709.73 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 696.76 Td (Revenues) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.75 696.76 Td (.........................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 188.00 695.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 196.00 695.96 Td (4,867,321) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.00 695.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.50 695.96 Td (19,345,316) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 299.00 695.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 334.00 695.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.00 695.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.00 695.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.00 695.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.25 695.96 Td (85,691) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.00 695.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 695.96 Td (\(315,582) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 695.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.00 695.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.50 695.96 Td (23,982,746) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 682.76 Td (Operating earnings \(loss\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 146.00 682.76 Td (................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 207.25 681.96 Td (86,563) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 256.75 681.96 Td (\(131,363) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 289.00 681.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 315.25 681.96 Td (\(14,033) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 343.00 681.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 373.75 681.96 Td (\(8,370) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.00 681.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.25 681.96 Td (33,904) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 681.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 531.25 681.96 Td (\(33,299) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 681.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 668.76 Td (\(Gain\) loss on investments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 150.50 668.76 Td (..............) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 223.00 667.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 268.75 667.96 Td (6,302) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 334.00 667.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.00 667.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.75 667.96 Td (\(2,076) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.00 667.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 667.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.75 667.96 Td (4,226) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 653.96 Td (Interest expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 112.25 653.76 Td (...............................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 207.25 653.96 Td (12,176) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 264.25 653.96 Td (49,798) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 318.25 653.96 Td (35,626) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.50 653.96 Td (\(231) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.00 653.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.25 653.96 Td (27,743) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 653.96 Td (\(7,701) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 653.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.75 653.96 Td (117,411) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 640.76 Td (Other income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 103.25 640.76 Td (...................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 215.50 639.96 Td (\(828) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 232.00 639.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 261.25 639.96 Td (\(48,103) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 289.00 639.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 315.25 639.96 Td (\(30,047) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 343.00 639.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.00 639.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.50 639.96 Td (868) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.75 639.96 Td (7,701) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 531.25 639.96 Td (\(70,409) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 639.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 626.76 Td (Equity \(income\) loss from) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 617.76 Td (investments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 96.50 617.76 Td (......................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 208.75 616.96 Td (\(2,039) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 232.00 616.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 261.25 616.96 Td (\(18,071) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 289.00 616.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 315.25 616.96 Td (\(60,787) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 343.00 616.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.25 616.96 Td (\(28,850) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.00 616.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 423.25 616.96 Td (\(14,774) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.00 616.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 616.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.75 616.96 Td (\(124,521) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 616.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 603.76 Td (Income \(loss\) before income taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 177.50 603.76 Td (..) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 188.00 602.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 207.25 602.96 Td (77,254) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.00 602.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 256.75 602.96 Td (\(121,289) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 289.00 602.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 299.00 602.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 318.25 602.96 Td (41,175) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.00 602.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.25 602.96 Td (20,711) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.00 602.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.25 602.96 Td (22,143) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.00 602.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 602.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.00 602.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 602.96 Td (39,994) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 589.76 Td (Intersegment revenues) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 134.75 589.76 Td (.....................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 188.00 588.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 199.75 588.96 Td (\(297,057) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 232.00 588.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.00 588.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 261.25 588.96 Td (\(16,068) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 289.00 588.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 299.00 588.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 334.00 588.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.00 588.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.00 588.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.00 588.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.75 588.96 Td (\(2,457) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.00 588.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.00 588.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 472.75 588.96 Td (315,582) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.00 588.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 588.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 575.76 Td (Total assets at May 31, 2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 188.00 574.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 196.00 574.96 Td (4,292,789) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.00 574.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 253.00 574.96 Td (7,028,635) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 299.00 574.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 307.00 574.96 Td (2,834,040) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.00 574.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 367.75 574.96 Td (374,007) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.00 574.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.00 574.96 Td (2,692,326) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.00 574.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 574.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.00 574.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.50 574.96 Td (17,221,797) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 197.55 548.73 Td (Energy) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 260.60 548.73 Td (Ag) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 305.95 556.73 Td (Nitrogen) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.95 548.73 Td (Production) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.75 548.73 Td (Foods) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.20 556.73 Td (Corporate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.40 548.73 Td (and Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.50 556.73 Td (Reconciling) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.90 548.73 Td (Amounts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.75 548.73 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 536.58 Td (For the Nine Months Ended May 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 528.58 Td (2016:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 335.70 527.73 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 514.76 Td (Revenues) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.75 514.76 Td (.........................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 188.00 513.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 196.00 513.96 Td (4,162,685) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.00 513.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.50 513.96 Td (18,221,420) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 299.00 513.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 334.00 513.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.00 513.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.00 513.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.00 513.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.25 513.96 Td (68,210) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.00 513.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 513.96 Td (\(287,605) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 513.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.00 513.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.50 513.96 Td (22,164,710) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 500.76 Td (Operating earnings \(loss\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 146.00 500.76 Td (................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 202.75 499.96 Td (214,827) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 264.25 499.96 Td (77,605) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 319.75 499.96 Td (\(5,506) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 343.00 499.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 373.75 499.96 Td (\(6,319) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.00 499.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.25 499.96 Td (35,464) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 499.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.75 499.96 Td (316,071) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 486.76 Td (\(Gain\) loss on investments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 150.50 486.76 Td (..............) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 223.00 485.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 265.75 485.96 Td (\(6,595) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 289.00 485.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 334.00 485.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.00 485.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.75 485.96 Td (\(2,827) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.00 485.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 485.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.75 485.96 Td (\(9,422) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 485.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 471.96 Td (Interest expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 112.25 471.76 Td (...............................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 204.25 471.96 Td (\(20,723) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 232.00 471.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 264.25 471.96 Td (57,785) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 318.25 471.96 Td (21,286) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.75 471.96 Td (2,246) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.25 471.96 Td (18,886) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.75 471.96 Td (\(7,927) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 471.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 471.96 Td (71,553) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 458.76 Td (Other income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 103.25 458.76 Td (...................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 215.50 457.96 Td (\(174) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 232.00 457.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 261.25 457.96 Td (\(27,778) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 289.00 457.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 334.00 457.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.00 457.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.75 457.96 Td (\(2,130) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.00 457.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.75 457.96 Td (7,927) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 531.25 457.96 Td (\(22,155) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 457.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 444.76 Td (Equity \(income\) loss from) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 435.76 Td (investments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 96.50 435.76 Td (......................................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 208.75 434.96 Td (\(3,487) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 232.00 434.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 265.75 434.96 Td (\(8,152) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 289.00 434.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 315.25 434.96 Td (\(53,112) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 343.00 434.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.25 434.96 Td (\(55,449) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.00 434.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 423.25 434.96 Td (\(11,619) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.00 434.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 434.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.75 434.96 Td (\(131,819) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 434.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 421.76 Td (Income \(loss\) before income taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 177.50 421.76 Td (..) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 188.00 420.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 202.75 420.96 Td (239,211) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.00 420.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 264.25 420.96 Td (62,345) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 299.00 420.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 318.25 420.96 Td (26,320) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.00 420.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.25 420.96 Td (46,884) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.00 420.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.25 420.96 Td (33,154) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.00 420.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.00 420.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.00 420.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.75 420.96 Td (407,914) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 407.76 Td (Intersegment revenues) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 134.75 407.76 Td (.....................) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 188.00 406.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 199.75 406.96 Td (\(250,425) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 232.00 406.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.00 406.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 261.25 406.96 Td (\(36,032) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 289.00 406.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 299.00 406.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 334.00 406.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.00 406.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.00 406.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.00 406.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.75 406.96 Td (\(1,148) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.00 406.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.00 406.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 472.75 406.96 Td (287,605) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.00 406.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 406.96 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 379.00 Td (Note1) Tj ET Q q 0 0 0 rg BT 76.94 379.00 Td (1 ) Tj ET Q q 0 0 0 rg BT 86.00 379.00 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 379.00 Td (Derivative Financial Instruments and Hedging ) Tj ET Q q 0 0 0 rg BT 322.84 379.00 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 355.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 355.00 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 50.00 343.00 Td (degree, may include foreign currency and interest rate swap contracts. ) Tj ET Q q 0 0 0 rg BT 332.47 343.00 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 50.00 331.00 Td (we do not apply hedge accounting under ) Tj ET Q q 0 0 0 rg BT 214.12 331.00 Td (ASC ) Tj ET Q q 0 0 0 rg BT 235.89 331.00 Td (T) Tj ET Q q 0 0 0 rg BT 241.30 331.00 Td (opic 815,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 278.52 331.00 Td ( Derivatives and Hedging) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.55 331.00 Td (, except with respect to certain interest rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.00 Td (swap contracts which are accounted for as cash flow or fair value hedges. Derivative instruments are recorded on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.00 Td (Consolidated Balance Sheets at fair value as described in Note 12, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 317.70 307.00 Td (Fair V) Tj ET Q q 0 0 0 rg BT 342.97 307.00 Td (alue Measur) Tj ET Q q 0 0 0 rg BT 392.87 307.00 Td (ements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.64 307.00 Td (.) 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j 3 M 364.5 670.6 m 427.5 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 641.6 m 427.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 641.6 m 431.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 641.6 m 494.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 641.6 m 498.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 641.6 m 561.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 620.6 m 360.5 620.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 620.6 m 427.5 620.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 620.6 m 494.5 620.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 620.6 m 561.5 620.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 534.6 m 360.5 534.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 534.6 m 427.5 534.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 534.6 m 494.5 534.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 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j 3 M 364.5 400.6 m 427.5 400.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 416.6 m 494.5 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 402.6 m 494.5 402.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 400.6 m 494.5 400.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 416.6 m 561.5 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 402.6 m 561.5 402.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 400.6 m 561.5 400.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.20 674.83 Td (May 31, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.20 661.83 Td (Amounts Not Offset on the) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 374.85 653.83 Td (Consolidated Balance Sheet but) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 391.70 645.83 Td (Eligible for Offsetting) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.20 632.83 Td (Gross Amounts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 308.90 624.83 Td (Recognized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.70 624.83 Td (Cash Collateral) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.70 632.83 Td (Derivative) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.60 624.83 Td (Instruments) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.15 624.83 Td (Net Amounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 611.17 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 391.20 611.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 599.00 Td (Derivative Assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 584.27 Td (Commodity and freight derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.00 584.17 Td (........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.00 584.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 584.27 Td (363,627) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 584.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 584.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.00 584.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 584.27 Td (27,711) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.00 584.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 584.27 Td (335,916) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 569.27 Td (Foreign exchange derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.50 569.17 Td (.................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 569.27 Td (10,558) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 569.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 569.27 Td (3,895) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 569.27 Td (6,663) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 554.27 Td (Interest rate derivatives - hedge) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.00 554.17 Td (..............................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 554.27 Td (9,496) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 554.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 554.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 554.27 Td (9,496) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 539.27 Td (Embedded derivative asset - current) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.50 539.17 Td (.......................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 539.27 Td (4,507) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 539.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 539.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 539.27 Td (4,507) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 524.27 Td (Total current derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.00 524.17 Td (....................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.00 524.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 524.27 Td (388,188) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 524.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 524.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.00 524.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 524.27 Td (31,606) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.00 524.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 524.27 Td (356,582) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 509.27 Td (Embedded derivative asset - long term) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.50 509.17 Td (...................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 509.27 Td (20,540) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 509.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 509.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 509.27 Td (20,540) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 494.27 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.50 494.17 Td (...................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.00 494.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 494.27 Td (408,728) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 494.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 494.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.00 494.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 494.27 Td (31,606) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.00 494.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 494.27 Td (377,122) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 481.00 Td (Derivative Liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 466.27 Td (Commodity and freight derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.00 466.17 Td (........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.00 466.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 466.27 Td (271,337) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 466.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 466.27 Td (3,136) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.00 466.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 466.27 Td (27,711) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.00 466.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 466.27 Td (240,490) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 451.27 Td (Foreign exchange derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.50 451.17 Td (.................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 451.27 Td (11,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 451.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 451.27 Td (3,895) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 451.27 Td (7,794) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 436.27 Td (Interest rate derivatives - hedge) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.00 436.17 Td (..............................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 436.27 Td (1,182) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 436.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 436.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 436.27 Td (1,182) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 421.27 Td (Interest rate derivatives - non-hedge) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.50 421.17 Td (.......................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 421.27 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 421.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 421.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 421.27 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 406.27 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.50 406.17 Td (...................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.00 406.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 406.27 Td (284,212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 406.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 406.27 Td (3,136) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.00 406.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 406.27 Td (31,606) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.00 406.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 406.27 Td (249,470) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 301.60 248.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 301.60 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 301.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 301.60 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 301.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 301.60 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 301.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 301.60 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 273.60 248.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 273.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 273.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 273.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 273.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 273.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 273.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 273.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 243.60 248.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 243.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 243.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 243.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 243.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 243.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 243.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 243.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 216.60 248.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 216.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 216.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 216.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 216.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 216.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 216.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 216.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 186.60 248.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 297.50 186.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 186.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 186.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 186.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 186.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 186.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 186.60 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 297.5 366.6 m 360.5 366.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 366.6 m 364.5 366.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 366.6 m 427.5 366.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 366.6 m 431.5 366.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 366.6 m 494.5 366.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 366.6 m 498.5 366.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 366.6 m 561.5 366.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 337.6 m 360.5 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 337.6 m 364.5 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 366.6 m 427.5 366.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 337.6 m 427.5 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 337.6 m 431.5 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 337.6 m 494.5 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 337.6 m 498.5 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 337.6 m 561.5 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 316.6 m 360.5 316.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 316.6 m 427.5 316.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 316.6 m 494.5 316.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 316.6 m 561.5 316.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 243.60000000000002 m 360.5 243.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 230.60000000000002 m 360.5 230.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 228.60000000000002 m 360.5 228.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 243.60000000000002 m 427.5 243.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 230.60000000000002 m 427.5 230.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 228.60000000000002 m 427.5 228.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 243.60000000000002 m 494.5 243.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 230.60000000000002 m 494.5 230.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 228.60000000000002 m 494.5 228.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 243.60000000000002 m 561.5 243.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 230.60000000000002 m 561.5 230.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 228.60000000000002 m 561.5 228.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 171.60000000000002 m 360.5 171.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 171.60000000000002 m 427.5 171.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 171.60000000000002 m 494.5 171.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 171.60000000000002 m 561.5 171.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 171.60000000000002 m 360.5 171.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 158.60000000000002 m 360.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.5 156.60000000000002 m 360.5 156.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 171.60000000000002 m 427.5 171.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 158.60000000000002 m 427.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 156.60000000000002 m 427.5 156.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 171.60000000000002 m 494.5 171.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 158.60000000000002 m 494.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 156.60000000000002 m 494.5 156.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 171.60000000000002 m 561.5 171.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 158.60000000000002 m 561.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 156.60000000000002 m 561.5 156.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.75 370.83 Td (August 31, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.20 357.83 Td (Amounts Not Offset on the) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 374.85 349.83 Td (Consolidated Balance Sheet but) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 391.70 341.83 Td (Eligible for Offsetting) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.20 328.83 Td (Gross Amounts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 308.90 320.83 Td (Recognized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.70 320.83 Td (Cash Collateral) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.70 328.83 Td (Derivative) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.60 320.83 Td (Instruments) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.15 320.83 Td (Net Amounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 306.27 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 391.20 305.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 293.00 Td (Derivative Assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 278.27 Td (Commodity and freight derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.00 278.17 Td (........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.00 278.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 278.27 Td (500,192) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 278.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 278.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.00 278.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 278.27 Td (23,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.00 278.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 278.27 Td (476,503) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 263.27 Td (Foreign exchange derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.50 263.17 Td (.................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 263.27 Td (21,551) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 263.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 263.27 Td (9,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 263.27 Td (12,364) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 248.27 Td (Interest rate derivatives - hedge) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.00 248.17 Td (..............................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 248.27 Td (22,078) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 248.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 248.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 248.27 Td (22,078) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 234.17 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.50 234.17 Td (...................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.00 234.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 234.17 Td (543,821) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 234.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 234.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.00 234.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 234.17 Td (32,876) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.00 234.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 234.17 Td (510,945) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 221.00 Td (Derivative Liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 206.27 Td (Commodity and freight derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.00 206.17 Td (........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.00 206.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 206.27 Td (491,302) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 206.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 206.27 Td (811) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.00 206.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 206.27 Td (23,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.00 206.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 206.27 Td (466,802) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 191.27 Td (Foreign exchange derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.50 191.17 Td (.................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 191.27 Td (22,289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 191.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 191.27 Td (9,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 191.27 Td (13,102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 176.27 Td (Interest rate derivatives - non-hedge) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.50 176.17 Td (.......................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 176.27 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 176.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.65 176.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 176.27 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 162.17 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.50 162.17 Td (...................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.00 162.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 162.17 Td (513,599) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 162.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 162.17 Td (811) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.00 162.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 162.17 Td (32,876) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.00 162.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 162.17 Td (479,912) Tj ET Q BT /F1 10.00 Tf ET 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 (19) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Derivatives Not Designated as Hedging Instruments) 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 majority of our derivative instruments have not been designated as hedging instruments for accounting purposes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (The following table sets forth the pretax gains \(losses\) on derivatives not accounted for as hedging instruments that have been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (included in our Consolidated Statements of Operations for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.06 682.10 Td (the three and nine months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.75 682.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.25 682.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.08 682.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.02 682.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.02 682.10 Td (. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 604.60 147.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 197.50 604.60 131.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 604.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 604.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 604.60 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 604.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 604.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 604.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 604.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 604.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 574.60 147.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 197.50 574.60 131.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 574.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 574.60 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 574.60 6.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 574.60 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 574.60 5.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 574.60 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 574.60 7.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 574.60 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 534.60 147.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 197.50 534.60 131.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 534.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 534.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 534.60 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 534.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 534.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 534.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 534.60 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 534.60 53.00 -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 332.5 638.6 m 385.5 638.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 638.6 m 391.5 638.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 638.6 m 444.5 638.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 638.6 m 502.5 638.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 638.6 m 509.5 638.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 638.6 m 562.5 638.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.5 617.6 m 328.5 617.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 638.6 m 385.5 638.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 617.6 m 385.5 617.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 638.6 m 391.5 638.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 638.6 m 444.5 638.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 617.6 m 444.5 617.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 638.6 m 502.5 638.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 617.6 m 502.5 617.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 638.6 m 509.5 638.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 638.6 m 562.5 638.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 617.6 m 562.5 617.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 617.6 m 385.5 617.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 520.6 m 385.5 520.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 520.6 m 444.5 520.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 520.6 m 502.5 520.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 520.6 m 562.5 520.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 520.6 m 385.5 520.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 507.6 m 385.5 507.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 505.6 m 385.5 505.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 520.6 m 444.5 520.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 507.6 m 444.5 507.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 505.6 m 444.5 505.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 520.6 m 502.5 520.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 507.6 m 502.5 507.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 505.6 m 502.5 505.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 520.6 m 562.5 520.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 507.6 m 562.5 507.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 505.6 m 562.5 505.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 338.20 650.83 Td (For the Three Months Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 374.20 642.83 Td (May 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.75 650.83 Td (For the Nine Months Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.70 642.83 Td (May 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.05 629.83 Td (Location of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 242.60 621.83 Td (Gain \(Loss\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.50 621.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.50 621.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.50 621.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.50 621.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.20 608.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 594.27 Td (Commodity and freight derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.00 594.27 Td (Cost of goods sold) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 594.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.10 594.27 Td (102,327) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.00 594.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.80 594.32 Td (\(193,548) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 594.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.00 594.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.10 594.27 Td (177,633) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.00 594.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.80 594.32 Td (\(103,532) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 594.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 579.27 Td (Foreign exchange derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.50 579.17 Td (.........) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.00 579.27 Td (Cost of goods sold) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.80 579.32 Td (\(7,168) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 579.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 579.27 Td (2,249) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 579.32 Td (\(4,573) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 579.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 579.32 Td (\(7,550) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 579.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 554.27 Td (Foreign exchange derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.50 554.17 Td (.........) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.00 564.27 Td (Marketing, general and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.00 554.27 Td (administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.65 554.27 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.80 554.32 Td (\(12,820) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 554.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 554.32 Td (\(784) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 554.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 554.27 Td (2,308) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 539.27 Td (Interest rate derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.00 539.17 Td (..................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.00 539.27 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.65 539.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.80 539.32 Td (\(5,096) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 539.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 539.27 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 539.32 Td (\(6,299) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 539.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 525.17 Td (Embedded derivative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.00 525.17 Td (......................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.00 525.17 Td (Other Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.50 525.17 Td (...........................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 525.17 Td (477) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 525.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 525.17 Td (30,051) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 525.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 511.17 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 511.17 Td (....................................................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 511.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.15 511.17 Td (95,658) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.00 511.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.80 511.22 Td (\(209,215) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 511.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.00 511.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.10 511.17 Td (202,331) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.00 511.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.80 511.22 Td (\(115,073) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 511.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 483.10 Td (Commodity and Fr) Tj ET Q q 0 0 0 rg BT 143.74 483.10 Td (eight Contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 471.10 Td ( ) 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 (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.44 459.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.27 459.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.66 459.10 Td (August31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.05 459.10 Td (, we had outstanding commodity futures, options and freight contracts that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 447.10 Td (were used as economic hedges, as well as fixed-price forward contracts related to physical purchases and sales of commodities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 435.10 Td (The table 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 50.00 423.10 Td (instruments. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 373.60 288.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 373.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 373.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 373.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 373.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 373.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 373.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 373.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 345.60 288.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 345.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 345.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 345.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 345.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 345.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 345.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 345.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 317.60 288.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 317.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 317.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 317.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 317.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 317.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 317.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 317.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 289.60 288.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 289.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 289.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 289.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 289.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 289.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 289.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 289.60 53.00 -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 338.5 399.6 m 391.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 399.6 m 395.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 399.6 m 448.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 399.6 m 505.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 399.6 m 509.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 399.6 m 562.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 386.6 m 391.5 386.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 386.6 m 448.5 386.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 386.6 m 505.5 386.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 386.6 m 562.5 386.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 194.00 403.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.20 403.83 Td (May 31, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 479.75 403.83 Td (August 31, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 355.60 390.83 Td (Long) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.90 390.83 Td (Short) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.60 390.83 Td (Long) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.90 390.83 Td (Short) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 194.00 377.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.50 377.83 Td (\(Units in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 364.17 Td (Grain and oilseed - bushels) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.50 364.17 Td (.....................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.10 364.17 Td (663,358) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.10 364.17 Td (860,178) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.50 364.17 Td (774,279) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.50 364.17 Td (995,396) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 350.17 Td (Energy products - barrels) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.00 350.17 Td (........................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.15 350.17 Td (13,694) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 350.17 Td (8,151) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.50 350.17 Td (14,740) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.50 350.17 Td (6,470) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 336.17 Td (Processed grain and oilseed - tons) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.00 336.17 Td (..........................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.65 336.17 Td (327) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.15 336.17 Td (2,188) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 336.17 Td (541) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.50 336.17 Td (2,060) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 322.17 Td (Crop nutrients - tons) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.50 322.17 Td (...............................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.65 322.17 Td (70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 322.17 Td (241) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 322.17 Td (108) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.00 322.17 Td (135) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 308.17 Td (Ocean and barge freight - metric tons) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.50 308.17 Td (.....................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 308.17 Td (4,110) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 308.17 Td (876) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.50 308.17 Td (4,406) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.00 308.17 Td (877) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 294.17 Td (Rail freight - rail cars) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.00 294.17 Td (..............................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.65 294.17 Td (210) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 294.17 Td (97) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 294.17 Td (205) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.00 294.17 Td (79) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 280.17 Td (Natural gas - MMBtu) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.00 280.17 Td (..............................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 280.17 Td (3,275) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 280.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 280.17 Td (3,550) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 280.17 Td (300) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 252.10 Td (For) Tj ET Q q 0 0 0 rg BT 82.63 252.10 Td (eign Exchange Contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 228.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 228.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 228.10 Td (e are exposed to risk regarding foreign currency fluctuations even though a substantial amount of international sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 216.10 Td (are denominated in U.S.dollars. In addition to specific transactional exposure, foreign currency fluctuations can impact the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 204.10 Td (ability of foreign buyers to purchase U.S. agricultural products and the competitiveness of U.S. agricultural products compared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 192.10 Td (to the same products of) Tj ET Q q 0 0 0 rg BT 143.13 192.10 Td (fered by alternative sources of world supply) Tj ET Q q 0 0 0 rg BT 318.54 192.10 Td (. From time to time, we enter into foreign currency hedge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 180.10 Td (contracts to minimize the impact of currency fluctuations on our transactional exposures. ) Tj ET Q q 0 0 0 rg BT 408.32 180.10 Td (The notional amounts of our foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 168.10 Td (exchange derivative contracts were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.26 168.10 Td ($789.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.15 168.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.59 168.10 Td ($802.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.48 168.10 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.64 168.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.47 168.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.86 168.10 Td (August31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.25 168.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 550.91 168.10 Td (. ) 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 (20) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 742.10 Td (Embedded Derivative ) Tj ET Q q 0 0 0 rg BT 157.23 742.10 Td (Asset) 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 (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 50.00 706.10 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 522.58 706.10 Td ($5.0 ) 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 ( from CF Industries. ) Tj ET Q q 0 0 0 rg BT 162.32 694.10 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 50.00 682.10 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 50.00 670.10 Td (earlier) Tj ET Q q 0 0 0 rg BT 74.98 670.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 653.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 653.10 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 50.00 641.10 Td (levels and we recorded a gain of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.88 641.10 Td ($29.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.78 641.10 Td ( in other income in our Consolidated Statement of Operations. During November ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 629.10 Td (2016 we received a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.96 629.10 Td ($5.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.85 629.10 Td ( payment from CF Industries, which reduced the fair value of the associated embedded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 617.10 Td (derivative asset to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.70 617.10 Td ($24.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.59 617.10 Td ( as of November 30, 2016. In addition, during the three months ended February 28, 2017, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 605.10 Td (recorded adjustments of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.58 605.10 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.47 605.10 Td ( in other income in our Consolidated Statement of Operations to reflect the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.34 605.10 Td ($24.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.23 605.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 593.10 Td (fair value of the embedded derivative asset on our Consolidated Balance Sheet as of February 28, 2017. During the three ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 581.10 Td (months ended May 31, 2017, we recorded adjustments of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.89 581.10 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.79 581.10 Td ( in other income in our Consolidated Statement of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 569.10 Td (Operations to reflect the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.40 569.10 Td ($25.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.30 569.10 Td ( fair value of the embedded derivative asset on our Consolidated Balance Sheet as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 557.10 Td (May 31, 2017. ) Tj ET Q q 0 0 0 rg BT 110.65 557.10 Td (The current and long-term portions of the embedded derivative asset are included in derivative assets and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 545.10 Td (assets on our Consolidated Balance Sheet, respectively) Tj ET Q q 0 0 0 rg BT 269.01 545.10 Td (. See Note 12, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 327.89 545.10 Td (Fair V) Tj ET Q q 0 0 0 rg BT 353.17 545.10 Td (alue Measur) Tj ET Q q 0 0 0 rg BT 403.07 545.10 Td (ements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.83 545.10 Td ( for more information on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 533.10 Td (valuation of the embedded derivative.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 504.10 Td (Derivatives Designated as Cash Flow or Fair V) Tj ET Q q 0 0 0 rg BT 243.63 504.10 Td (alue Hedging Strategies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 480.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 480.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.44 480.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.27 480.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.66 480.10 Td (August31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.05 480.10 Td (, we had 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 68.00 456.10 Td (Inter) Tj ET Q q 0 0 0 rg BT 87.07 456.10 Td (est Rate Contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 432.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 432.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 432.10 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 400.66 432.10 Td ($495.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.55 432.10 Td ( designated as fair value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 420.10 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 438.33 420.10 Td (fset changes in the fair value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 408.10 Td (of the debt associated with the risk of variability in the three-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 50.00 396.10 Td (fixed-rate debt to variable-rate debt. Of) Tj ET Q q 0 0 0 rg BT 206.96 396.10 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 50.00 384.10 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 504.09 384.10 Td (fective. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 372.10 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.83 372.10 Td (the nine months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.09 372.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.59 372.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.42 372.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.36 372.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.36 372.10 Td (, we recorded of) Tj ET Q q 0 0 0 rg BT 336.14 372.10 Td (fsetting fair value adjustments of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.27 372.10 Td ($13.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.17 372.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.60 372.10 Td ($7.6 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 360.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 360.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 131.55 360.10 Td (, with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.83 360.10 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.83 360.10 Td ( inef) Tj ET Q q 0 0 0 rg BT 184.70 360.10 Td (fectiveness recorded in earnings.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 336.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 336.10 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 506.14 336.10 Td ($300.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 324.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 324.10 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 50.00 312.10 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 50.00 300.10 Td (delayed; and we consequently recorded the losses on the inef) Tj ET Q q 0 0 0 rg BT 293.90 300.10 Td (fective portion of the related swaps in earnings. ) Tj ET Q q 0 0 0 rg BT 485.79 300.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 535.69 300.10 Td (, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 288.10 Td (paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.72 288.10 Td ($6.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.61 288.10 Td ( in cash to settle ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.54 288.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.54 288.10 Td ( of the interest rate swaps upon their scheduled termination dates. During the second ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 276.10 Td (quarter of fiscal 2016, we settled an additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.99 276.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.99 276.10 Td ( interest rate swaps, paying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.07 276.10 Td ($5.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.96 276.10 Td ( in cash upon their scheduled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 264.10 Td (termination. In January 2016, we issued the fixed-rate debt associated with these swaps and will amortize the amounts which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 252.10 Td (were previously deferred to other comprehensive income into earnings over the life of the debt. ) Tj ET Q q 0 0 0 rg BT 433.57 252.10 Td (The amounts to be included in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 240.10 Td (earnings are not expected to be material during any 12-month period. During the third quarter of fiscal 2016, we settled the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 228.10 Td (remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.04 228.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.04 228.10 Td ( interest rate swaps, paying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.12 228.10 Td ($5.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.01 228.10 Td ( in cash upon their scheduled termination. ) Tj ET Q q 0 0 0 rg BT 437.79 228.10 Td (W) Tj ET Q q 0 0 0 rg BT 446.43 228.10 Td (e did not issue additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 216.10 Td (fixed-rate debt as previously planned, and we reclassified all amounts previously recorded to other comprehensive income into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 204.10 Td (earnings. ) Tj ET Q q 0 0 0 rg BT 88.33 204.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.77 204.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.60 204.10 Td (, we had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.70 204.10 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.70 204.10 Td ( outstanding cash flow hedges. ) Tj ET Q 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 (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 50.00 168.10 Td (hedges for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.43 168.10 Td (the three and nine months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.11 168.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.61 168.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.44 168.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.38 168.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.38 168.10 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 102.60 263.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 102.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 102.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 102.60 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 102.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 102.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 102.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 102.60 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 102.60 55.00 -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 316.5 136.60000000000002 m 373.5 136.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 136.60000000000002 m 381.5 136.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 136.60000000000002 m 438.5 136.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 136.60000000000002 m 498.5 136.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 136.60000000000002 m 506.5 136.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 136.60000000000002 m 561.5 136.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 136.60000000000002 m 373.5 136.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 115.60000000000002 m 373.5 115.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 136.60000000000002 m 381.5 136.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 136.60000000000002 m 438.5 136.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 115.60000000000002 m 438.5 115.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 136.60000000000002 m 498.5 136.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 115.60000000000002 m 498.5 115.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 136.60000000000002 m 506.5 136.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 136.60000000000002 m 561.5 136.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 115.60000000000002 m 561.5 115.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 115.60000000000002 m 373.5 115.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 115.60000000000002 m 438.5 115.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 115.60000000000002 m 498.5 115.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 115.60000000000002 m 561.5 115.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.20 148.83 Td (For the Three Months Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.20 140.83 Td (May 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.25 148.83 Td (For the Nine Months Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.20 140.83 Td (May 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 336.50 119.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.50 119.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.50 119.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.50 119.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.70 106.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 93.17 Td (Interest rate derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.50 93.17 Td (.................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.00 93.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.65 93.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.00 93.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 93.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.00 93.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 93.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 93.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 93.22 Td (\(10,070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 93.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET 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 (21) 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 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 50.00 730.10 Td (accumulated other comprehensive loss into income for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.32 730.10 Td (the three and nine months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 730.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.50 730.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.33 730.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.27 730.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.27 730.10 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 664.60 162.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 664.60 114.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 664.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 664.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 664.60 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 664.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 664.60 6.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 664.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 664.60 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 664.60 53.00 -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 329.5 698.6 m 382.5 698.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 698.6 m 388.5 698.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 698.6 m 441.5 698.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 698.6 m 500.5 698.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 698.6 m 508.5 698.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 698.6 m 561.5 698.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 677.6 m 325.5 677.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 698.6 m 382.5 698.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 677.6 m 382.5 677.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 698.6 m 388.5 698.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 698.6 m 441.5 698.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 677.6 m 441.5 677.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 698.6 m 500.5 698.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 677.6 m 500.5 677.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 698.6 m 508.5 698.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 698.6 m 561.5 698.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 677.6 m 561.5 677.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 677.6 m 382.5 677.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 677.6 m 441.5 677.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 677.6 m 500.5 677.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 677.6 m 561.5 677.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 335.20 710.83 Td (For the Three Months Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.20 702.83 Td (May 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.25 710.83 Td (For the Nine Months Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.20 702.83 Td (May 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 248.55 689.83 Td (Location of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 248.10 681.83 Td (Gain \(Loss\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.50 681.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.50 681.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.50 681.83 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.50 681.83 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.20 668.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 655.17 Td (Interest rate derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.00 655.17 Td (........................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.00 655.17 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 655.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.30 655.22 Td (\(435) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.65 655.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 655.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.80 655.22 Td (\(4,166) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.65 655.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 655.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.80 655.22 Td (\(1,311) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 655.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 655.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 655.22 Td (\(4,631) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 655.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 615.10 Td (Note12 ) Tj ET Q q 0 0 0 rg BT 86.00 615.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 615.10 Td (Fair) Tj ET Q q 0 0 0 rg BT 140.14 615.10 Td ( ) Tj ET Q q 0 0 0 rg BT 142.46 615.10 Td (V) Tj ET Q q 0 0 0 rg BT 148.77 615.10 Td (alue Measur) Tj ET Q q 0 0 0 rg BT 201.63 615.10 Td (ements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 591.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 591.10 Td (ASC ) Tj ET Q q 0 0 0 rg BT 107.77 591.10 Td (T) Tj ET Q q 0 0 0 rg BT 113.18 591.10 Td (opic 820, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 152.90 591.10 Td (Fair V) Tj ET Q q 0 0 0 rg BT 178.18 591.10 Td (alue Measur) Tj ET Q q 0 0 0 rg BT 228.08 591.10 Td (ements and Disclosur) Tj ET Q q 0 0 0 rg BT 314.36 591.10 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.69 591.10 Td ( defines fair value as the price that would be received for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 579.10 Td (an asset or paid to transfer a liability \(an exit price\) in the principal or most advantageous market for the asset or liability in an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 567.10 Td (orderly transaction between market participants on the measurement date. ) Tj ET Q q 0 0 0 rg BT 347.48 567.10 Td (The standard also establishes a hierarchy for inputs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 555.10 Td (used in measuring fair value, 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 50.00 543.10 Td (unobservable inputs when measuring fair value. Observable inputs are inputs or market data that a market participant would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 531.10 Td (obtain from sources independent of us to value the asset or liability) Tj ET Q q 0 0 0 rg BT 317.90 531.10 Td (. Unobservable inputs are inputs that reflect our assumptions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 519.10 Td (about the factors market participants would use in valuing the asset or liability developed based upon the best information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 507.10 Td (available in the circumstances. ) Tj ET Q q 0 0 0 rg BT 175.04 507.10 Td (The fair value hierarchy consists of three levels. Level 1 inputs are quoted prices \(unadjusted\) in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 495.10 Td (active markets for identical assets or liabilities. Level 2 inputs include quoted prices for similar assets or liabilities in active ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 483.10 Td (markets, quoted prices for identical or similar assets or liabilities in markets that are not active, and inputs \(other than quoted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 471.10 Td (prices\) that are observable for the asset or liability) Tj ET Q q 0 0 0 rg BT 249.83 471.10 Td (, either directly or indirectly) Tj ET Q q 0 0 0 rg BT 361.64 471.10 Td (. Level 3 inputs are unobservable inputs for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 459.10 Td (asset or liability) Tj ET Q q 0 0 0 rg BT 113.23 459.10 Td (. Categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 447.10 Td (fair value measurement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 423.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 423.10 Td (Recurring fair value measurements at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.44 423.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.27 423.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.65 423.10 Td (August31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.04 423.10 Td (, are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 339.60 227.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 339.60 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 339.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 339.60 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 339.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 339.60 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 339.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 339.60 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 310.60 227.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 310.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 310.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 310.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 310.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 310.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 310.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 310.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 280.60 227.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 280.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 280.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 280.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 280.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 280.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 280.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 280.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 250.60 227.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 250.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 250.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 250.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 250.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 250.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 250.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 250.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 220.60 227.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 220.60 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 220.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 220.60 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 220.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 220.60 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 220.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 220.60 68.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 191.60 227.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 191.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 191.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 191.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 191.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 191.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 191.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 191.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 161.60 227.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 161.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 161.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 161.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 161.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 161.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 161.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 161.60 68.00 -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 277.5 397.6 m 345.5 397.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 397.6 m 349.5 397.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 397.6 m 417.5 397.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 397.6 m 421.5 397.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 397.6 m 489.5 397.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 397.6 m 493.5 397.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 397.6 m 561.5 397.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 352.6 m 345.5 352.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 352.6 m 417.5 352.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 352.6 m 489.5 352.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 352.6 m 561.5 352.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 235.60000000000002 m 345.5 235.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 235.60000000000002 m 561.5 235.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 235.60000000000002 m 345.5 235.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 221.60000000000002 m 345.5 221.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 219.60000000000002 m 345.5 219.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 235.60000000000002 m 417.5 235.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 221.60000000000002 m 417.5 221.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 219.60000000000002 m 417.5 219.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 235.60000000000002 m 489.5 235.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 221.60000000000002 m 489.5 221.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 219.60000000000002 m 489.5 219.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 235.60000000000002 m 561.5 235.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 221.60000000000002 m 561.5 221.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 219.60000000000002 m 561.5 219.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 146.60000000000002 m 417.5 146.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 146.60000000000002 m 489.5 146.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 146.60000000000002 m 561.5 146.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 146.60000000000002 m 345.5 146.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 132.60000000000002 m 345.5 132.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 130.60000000000002 m 345.5 130.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 146.60000000000002 m 417.5 146.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 132.60000000000002 m 417.5 132.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 130.60000000000002 m 417.5 130.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 146.60000000000002 m 489.5 146.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 132.60000000000002 m 489.5 132.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 130.60000000000002 m 489.5 130.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 146.60000000000002 m 561.5 146.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 132.60000000000002 m 561.5 132.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 130.60000000000002 m 561.5 130.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.20 401.83 Td (May 31, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.55 388.83 Td (Quoted Prices in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.65 380.83 Td (Active Markets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 289.85 372.83 Td (for) Tj ET Q q 0 0 0 rg BT 299.92 372.83 Td ( Identical) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.30 364.83 Td (Assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 296.00 356.83 Td (\(Level 1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.55 388.83 Td (Significant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.85 380.83 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.40 372.83 Td (Observable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.85 364.83 Td (Inputs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.00 356.83 Td (\(Level 2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.55 380.83 Td (Significant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.40 372.83 Td (Unobservable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.85 364.83 Td (Inputs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.00 356.83 Td (\(Level 3\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.25 356.83 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.20 343.83 Td (\(Dollars in thousands\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 330.05 Td (Assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.00 330.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.00 330.17 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.00 330.06 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.00 330.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 315.27 Td (Commodity and freight derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.00 315.17 Td (................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.00 315.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.15 315.27 Td (25,493) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 315.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 315.27 Td (338,134) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.00 315.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 315.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.00 315.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 315.27 Td (363,627) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 300.27 Td (Foreign currency derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.00 300.17 Td (..........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.65 300.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 300.27 Td (10,558) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 300.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 300.27 Td (10,558) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 285.27 Td (Interest rate swap derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.50 285.17 Td (.........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.65 285.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.15 285.27 Td (9,496) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 285.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 285.27 Td (9,496) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 270.27 Td (Deferred compensation assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.00 270.17 Td (........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.15 270.27 Td (51,710) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 270.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 270.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 270.27 Td (51,710) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 255.27 Td (Embedded derivative asset) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.50 255.17 Td (.............................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.65 255.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 255.27 Td (25,047) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 255.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 255.27 Td (25,047) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 240.27 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 240.17 Td (....................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.15 240.27 Td (13,760) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 240.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 240.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 240.27 Td (13,760) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 225.27 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.50 225.17 Td (...........................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.00 225.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.15 225.27 Td (90,963) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 225.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 225.27 Td (383,235) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.00 225.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 225.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.00 225.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 225.27 Td (474,198) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 211.05 Td (Liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.00 211.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.00 211.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.00 211.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.00 211.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 196.27 Td (Commodity and freight derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.00 196.17 Td (................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.00 196.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.15 196.27 Td (31,941) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 196.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 196.27 Td (239,396) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.00 196.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 196.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.00 196.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 196.27 Td (271,337) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 181.27 Td (Foreign currency derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.00 181.17 Td (..........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.65 181.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 181.27 Td (11,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 181.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 181.27 Td (11,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 166.27 Td (Interest rate swap derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.50 166.17 Td (.........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.65 166.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.15 166.27 Td (1,186) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 166.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 166.27 Td (1,186) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 151.27 Td (Crack spread contingent consideration liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.50 151.17 Td (.............) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.65 151.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 151.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 151.27 Td (1,778) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 151.27 Td (1,778) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 136.27 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.50 136.17 Td (...........................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.00 136.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.15 136.27 Td (31,941) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 136.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 136.27 Td (252,271) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.00 136.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 136.27 Td (1,778) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.00 136.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 136.27 Td (285,990) 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 (22) Tj ET Q 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1 rg /GS0 gs 493.00 557.50 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 527.50 227.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.00 527.50 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.00 527.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 527.50 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.00 527.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 527.50 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 527.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 527.50 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 497.50 227.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.00 497.50 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.00 497.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 497.50 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.00 497.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 497.50 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 497.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 497.50 68.00 -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 277 733.5 m 345 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 688.5 m 345 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345 733.5 m 349 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349 733.5 m 417 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349 688.5 m 417 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417 733.5 m 421 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 733.5 m 489 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 688.5 m 489 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489 733.5 m 493 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 733.5 m 561 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 688.5 m 561 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 688.5 m 345 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349 688.5 m 417 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 688.5 m 489 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 688.5 m 561 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 586.5 m 345 586.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349 586.5 m 417 586.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 586.5 m 561 586.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 586.5 m 345 586.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 572.5 m 345 572.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 570.5 m 345 570.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349 586.5 m 417 586.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349 572.5 m 417 572.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349 570.5 m 417 570.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 586.5 m 489 586.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 572.5 m 489 572.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 570.5 m 489 570.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 586.5 m 561 586.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 572.5 m 561 572.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 570.5 m 561 570.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349 497.5 m 417 497.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 497.5 m 561 497.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 497.5 m 345 497.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 483.5 m 345 483.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 481.5 m 345 481.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349 497.5 m 417 497.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349 483.5 m 417 483.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349 481.5 m 417 481.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 497.5 m 489 497.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 483.5 m 489 483.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 481.5 m 489 481.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 497.5 m 561 497.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 483.5 m 561 483.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 481.5 m 561 481.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 391.25 737.73 Td (August 31, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.05 724.73 Td (Quoted Prices in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.15 716.73 Td (Active Markets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 289.35 708.73 Td (for) Tj ET Q q 0 0 0 rg BT 299.42 708.73 Td ( Identical) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.80 700.73 Td (Assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 295.50 692.73 Td (\(Level 1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.05 724.73 Td (Significant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.35 716.73 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.90 708.73 Td (Observable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.35 700.73 Td (Inputs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.50 692.73 Td (\(Level 2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.05 716.73 Td (Significant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.90 708.73 Td (Unobservable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.35 700.73 Td (Inputs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.50 692.73 Td (\(Level 3\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.75 692.73 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 380.70 679.73 Td (\(Dollars in thousands\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 665.95 Td (Assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 651.17 Td (Commodity and freight derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 651.07 Td (................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.50 651.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.65 651.17 Td (62,538) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.50 651.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 651.17 Td (437,654) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.50 651.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 651.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.50 651.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 651.17 Td (500,192) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 636.17 Td (Foreign currency derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.50 636.07 Td (..........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.15 636.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 636.17 Td (21,551) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 636.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 636.17 Td (21,551) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 621.17 Td (Interest rate swap derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.00 621.07 Td (.........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.15 621.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 621.17 Td (22,078) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 621.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 621.17 Td (22,078) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 606.17 Td (Deferred compensation assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.50 606.07 Td (........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.65 606.17 Td (50,099) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 606.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 606.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 606.17 Td (50,099) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 591.17 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 591.07 Td (....................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.65 591.17 Td (12,678) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 591.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 591.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 591.17 Td (12,678) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 576.17 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 576.07 Td (...........................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.50 576.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 576.17 Td (125,315) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.50 576.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 576.17 Td (481,283) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.50 576.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 576.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.50 576.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 576.17 Td (606,598) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 561.95 Td (Liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 547.17 Td (Commodity and freight derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 547.07 Td (................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.50 547.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.65 547.17 Td (22,331) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.50 547.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 547.17 Td (468,971) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.50 547.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 547.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.50 547.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 547.17 Td (491,302) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 532.17 Td (Foreign currency derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.50 532.07 Td (..........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.15 532.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 532.17 Td (22,289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 532.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 532.17 Td (22,289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 517.17 Td (Interest rate swap derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.00 517.07 Td (.........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.15 517.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 517.17 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 517.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.15 517.17 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 502.17 Td (Crack spread contingent consideration liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.00 502.07 Td (.............) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.15 502.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 502.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 502.17 Td (15,051) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.65 502.17 Td (15,051) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 487.17 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 487.07 Td (...........................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.50 487.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.65 487.17 Td (22,331) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.50 487.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 487.17 Td (491,268) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.50 487.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 487.17 Td (15,051) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.50 487.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 487.17 Td (528,650) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 459.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 459.00 Td (Commodity) Tj ET Q q 0 0 0 rg BT 131.56 459.00 Td (, fr) Tj ET Q q 0 0 0 rg BT 142.86 459.00 Td (eight and for) Tj ET Q q 0 0 0 rg BT 194.15 459.00 Td (eign curr) Tj ET Q q 0 0 0 rg BT 230.72 459.00 Td (ency derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.40 459.00 Td ( Exchange-traded futures and options contracts are valued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 447.00 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 50.00 435.00 Td (sales contracts with fixed-price components, ocean freight contracts and other over) Tj ET Q q 0 0 0 rg BT 381.62 435.00 Td (-the-counter \("OTC"\) derivatives are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 423.00 Td (determined using inputs that are generally based on exchange traded prices and/or recent market bids and of) Tj ET Q q 0 0 0 rg BT 481.88 423.00 Td (fers, adjusted for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 411.00 Td (location specific inputs, and are classified within Level 2. ) Tj ET Q q 0 0 0 rg BT 282.80 411.00 Td (The location specific inputs are generally broker or dealer quotations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 399.00 Td (or market transactions in either the listed or OTC markets. Changes in the fair values of these contracts are recognized in our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 387.00 Td (Consolidated Statements of Operations as a component of cost of goods sold. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 363.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 363.00 Td (Inter) Tj ET Q q 0 0 0 rg BT 105.07 363.00 Td (est rate swap derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.22 363.00 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 50.00 351.00 Td (models that are widely accepted in the market to value these OTC derivative contracts. ) Tj ET Q q 0 0 0 rg BT 399.41 351.00 Td (The specific terms of the contracts, as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 339.00 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 501.26 339.00 Td (As all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 327.00 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 50.00 315.00 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 50.00 303.00 Td (Operations as a component of interest expense. See Note 1) Tj ET Q q 0 0 0 rg BT 284.56 303.00 Td (1, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 294.56 303.00 Td (Derivative Financial Instruments and Hedging ) Tj ET Q q 0 0 0 rg BT 484.62 303.00 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.83 303.00 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 291.00 Td (additional information about interest rates swaps designated as fair value and cash flow hedges.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 279.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 279.00 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 267.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 267.00 Td (Deferr) Tj ET Q q 0 0 0 rg BT 112.29 267.00 Td (ed compensation and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.27 267.00 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 199.77 267.00 Td (other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.27 267.00 Td ( Our deferred compensation investments, Rabbi ) Tj ET Q q 0 0 0 rg BT 453.15 267.00 Td (T) Tj ET Q q 0 0 0 rg BT 458.91 267.00 Td (rust assets and available-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 255.00 Td (for) Tj ET Q q 0 0 0 rg BT 61.46 255.00 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 50.00 243.00 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 50.00 231.00 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 50.00 219.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 207.00 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 207.00 Td (Embedded derivative asset) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.19 207.00 Td ( ) Tj ET Q q 0 0 0 rg BT 207.64 207.00 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.08 207.00 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.91 207.00 Td (, we had an embedded derivative asset of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.79 207.00 Td ($25.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.68 207.00 Td ( to reflect the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 195.00 Td (fair value of an embedded derivative inherent to the agreement relating to our investment in CF Nitrogen. ) Tj ET Q q 0 0 0 rg BT 474.68 195.00 Td (The inputs into the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 183.00 Td (fair value measurement include the probability of future upgrades and downgrades of CF Industries' credit rating based on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 171.00 Td (historical credit rating movements of other public companies and the discount rates to be applied to potential annual payments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 159.00 Td (based on applicable historical and current yield coupon rates. Based on these observable inputs, our fair value measurement is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 147.00 Td (classified within Level 2. See Note 1) Tj ET Q q 0 0 0 rg BT 197.09 147.00 Td (1, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 207.09 147.00 Td (Derivative Financial Instruments and Hedging ) Tj ET Q q 0 0 0 rg BT 397.15 147.00 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.36 147.00 Td ( for additional information.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 123.00 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 123.00 Td (Crack spr) Tj ET Q q 0 0 0 rg BT 125.35 123.00 Td (ead contingent consideration liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.60 123.00 Td ( ) Tj ET Q q 0 0 0 rg BT 290.42 123.00 Td (The fair value of the contingent consideration liability related to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 111.00 Td (purchase of CHS McPherson Refinery Inc., the sole owner of our McPherson, Kansas refinery) Tj ET Q q 0 0 0 rg BT 427.03 111.00 Td (, was calculated utilizing an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 99.00 Td (average price option model, an adjusted Black-Scholes pricing model commonly used in the ener) Tj ET Q q 0 0 0 rg BT 438.59 99.00 Td (gy industry to value options. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 87.00 Td (The model uses market observable inputs and unobservable inputs. Due to significant unobservable inputs used in the pricing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 75.00 Td (model, the liability is classified within Level 3.) 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 (23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 138.50 680.60 76.00 -104.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.50 680.60 205.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 680.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 680.60 70.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.50 641.60 205.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 641.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 641.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 283.50 601.60 205.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 601.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 601.60 70.00 -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 50.5 717.6 m 134.5 717.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 134.5 717.6 m 138.5 717.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 138.5 717.6 m 214.5 717.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 214.5 717.6 m 218.5 717.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 717.6 m 279.5 717.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 717.6 m 283.5 717.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 717.6 m 488.5 717.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 717.6 m 492.5 717.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 717.6 m 562.5 717.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 680.6 m 134.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 138.5 680.6 m 214.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 680.6 m 279.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 680.6 m 488.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 680.6 m 562.5 680.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 576.6 m 134.5 576.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 134.5 576.6 m 138.5 576.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 138.5 576.6 m 214.5 576.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 214.5 576.6 m 218.5 576.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 576.6 m 279.5 576.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 576.6 m 283.5 576.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 576.6 m 488.5 576.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 576.6 m 492.5 576.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 576.6 m 562.5 576.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 193.55 721.83 Td (Quantitative Information about Level 3 Fair Value Measurements) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 684.83 Td (Item) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 158.15 708.83 Td (Fair) Tj ET Q q 0 0 0 rg BT 172.67 708.83 Td ( ) Tj ET Q q 0 0 0 rg BT 174.52 708.83 Td (V) Tj ET Q q 0 0 0 rg BT 179.56 708.83 Td (alue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 153.20 700.83 Td (May 31, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 157.85 692.83 Td (\(Dollars in ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 157.30 684.83 Td (thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 231.95 692.83 Td (Valuation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 230.85 684.83 Td (Technique) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.35 684.83 Td (Unobservable Input) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.95 684.83 Td (Input Used) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 641.22 Td (Crack spread) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 631.22 Td (contingent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 621.22 Td (consideration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 611.22 Td (liability) 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 162.25 626.22 Td ($1,778) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.00 651.22 Td (Adjusted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.00 641.22 Td (Black-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.00 631.22 Td (Scholes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.00 621.22 Td (option) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.00 611.22 Td (pricing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.00 601.22 Td (model) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.00 671.17 Td (Forward crack spread mar) Tj ET Q q 0 0 0 rg BT 390.49 671.17 Td (gin quotes on May 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.00 661.17 Td (2017 ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 308.50 665.70 Td (\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.50 661.17 Td (...................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.25 666.22 Td ($14.56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.00 646.72 Td (Contractual tar) Tj ET Q q 0 0 0 rg BT 345.52 646.72 Td (get crack spread mar) Tj ET Q q 0 0 0 rg BT 428.34 646.72 Td (gin ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 443.62 651.25 Td (\(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.50 647.17 Td (.............) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.25 646.72 Td ($17.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.00 631.72 Td (Expected volatility ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 364.31 636.25 Td (\(c\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.50 632.17 Td (.............................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.55 631.72 Td (78.71%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.00 611.72 Td (Risk-free interest rate ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 375.13 616.25 Td (\(d\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.00 612.17 Td (........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.05 611.72 Td (0.94%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.00 586.72 Td (Expected life - years ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 370.96 591.25 Td (\(e\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.00 587.17 Td (..........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.25 586.72 Td (0.25) 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 68.00 563.63 Td (\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.21 559.10 Td ( Represents forward crack spread mar) Tj ET Q q 0 0 0 rg BT 228.85 559.10 Td (gin quotes and management estimates based on the future settlement date. ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 68.00 551.63 Td (\(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.58 547.10 Td ( Represents the minimum contractual threshold that would require settlement with the counterparties.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 68.00 539.63 Td (\(c\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.21 535.10 Td ( Represents quarterly adjusted volatility estimates derived from daily historical market data.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 68.00 527.63 Td (\(d\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.58 523.10 Td ( Represents yield curves for U.S. ) Tj ET Q q 0 0 0 rg BT 212.31 523.10 Td (T) Tj ET Q q 0 0 0 rg BT 218.07 523.10 Td (reasury securities.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 68.00 515.63 Td (\(e\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.21 511.10 Td ( Represents the number of years remaining related to the final contingent payment.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 488.30 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 488.30 Td (V) Tj ET Q q 0 0 0 rg BT 91.00 488.30 Td (aluation pr) Tj ET Q q 0 0 0 rg BT 135.36 488.30 Td (ocesses for Level 3 measur) Tj ET Q q 0 0 0 rg BT 242.74 488.30 Td (ements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.01 488.30 Td ( Management is responsible for determining the fair value of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 476.30 Td (Level 3 financial instruments. Option pricing methods are utilized, as indicated above. Inputs used in the option pricing models ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 464.30 Td (are based on quotes obtained from third party vendors. Each reporting period, management reviews the unobservable inputs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 452.30 Td (provided by third-party vendors for reasonableness utilizing relevant information available to us. Management also takes into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 440.30 Td (consideration current and expected market trends and compares the liability) Tj ET Q q 0 0 0 rg BT 355.72 440.30 Td (s fair value to hypothetical payments using known ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 428.30 Td (historical market data to assess reasonableness of the resulting fair value. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 404.30 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 404.30 Td (Sensitivity analysis of Level 3 measur) Tj ET Q q 0 0 0 rg BT 235.88 404.30 Td (ements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.65 404.30 Td ( ) Tj ET Q q 0 0 0 rg BT 278.47 404.30 Td (The significant unobservable inputs that are susceptible to periodic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 392.30 Td (fluctuations used in the fair value measurement of the accrued liability for contingent crack spread payments related to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 380.30 Td (purchase of noncontrolling interests are the adjusted forward crack spread mar) Tj ET Q q 0 0 0 rg BT 363.58 380.30 Td (gin and the expected volatility) Tj ET Q q 0 0 0 rg BT 484.01 380.30 Td (. Significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 368.30 Td (increases \(decreases\) in either of these inputs in isolation would result in a significantly higher \(lower\) fair value measurement. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 356.30 Td (Although changes in the expected volatility are driven by fluctuations in the underlying crack spread mar) Tj ET Q q 0 0 0 rg BT 470.52 356.30 Td (gin, changes in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 344.30 Td (expected volatility are not necessarily accompanied by a directionally similar change in the forward crack spread mar) Tj ET Q q 0 0 0 rg BT 519.62 344.30 Td (gin. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 332.30 Td (Directional changes in the expected volatility can be af) Tj ET Q q 0 0 0 rg BT 269.73 332.30 Td (fected by a multitude of factors including the magnitude of daily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 320.30 Td (fluctuations in the underlying market data, market trends, timing of fluctuations, and other factors. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 296.30 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 296.30 Td (The following table represents a reconciliation of liabilities measured at fair value using significant unobservable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 284.30 Td (inputs \(Level 3\) for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.53 284.30 Td (the three months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.56 284.30 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.06 284.30 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.89 284.30 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.83 284.30 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.83 284.30 Td (. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 212.80 374.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 212.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 212.80 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 212.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 212.80 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 183.80 374.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 183.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 183.80 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 183.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 183.80 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 427.5 259.79999999999995 m 492.5 259.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 259.79999999999995 m 496.5 259.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 259.79999999999995 m 561.5 259.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 259.79999999999995 m 492.5 259.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 238.79999999999995 m 492.5 238.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 259.79999999999995 m 496.5 259.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 238.79999999999995 m 496.5 238.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 259.79999999999995 m 561.5 259.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 238.79999999999995 m 561.5 238.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 238.79999999999995 m 492.5 238.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 225.79999999999995 m 492.5 225.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 238.79999999999995 m 496.5 238.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 238.79999999999995 m 561.5 238.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 225.79999999999995 m 561.5 225.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 225.79999999999995 m 492.5 225.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 225.79999999999995 m 561.5 225.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 183.79999999999995 m 492.5 183.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 183.79999999999995 m 561.5 183.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 183.79999999999995 m 492.5 183.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 169.79999999999995 m 492.5 169.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 167.79999999999995 m 492.5 167.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 183.79999999999995 m 561.5 183.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 169.79999999999995 m 561.5 169.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 167.79999999999995 m 561.5 167.79999999999995 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.55 264.03 Td (Level 3 Liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.85 251.03 Td (Crack spread contingent) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.75 243.03 Td (consideration liability) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.50 230.03 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.50 230.03 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.20 217.03 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 202.47 Td (Balances, February 28, 2017, and February 29, 2016, respectively) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.50 202.37 Td (.........................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 202.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 202.47 Td (2,172) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 202.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 202.47 Td (24,155) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 188.37 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 252.50 188.37 Td (...................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.30 188.42 Td (\(394) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 188.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 188.37 Td (506) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 173.47 Td (Balances, May 31, 2017, and 2016, respectively) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.00 173.37 Td (......................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 173.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 173.47 Td (1,778) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 173.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 173.47 Td (24,661) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.30 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 145.30 Td (The following table represents a reconciliation of liabilities measured at fair value using significant unobservable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.30 Td (inputs \(Level 3\) for the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.29 133.30 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.12 133.30 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.06 133.30 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.06 133.30 Td (. ) 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 (24) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 687.50 374.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 687.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 687.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 687.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 687.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 658.50 374.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 658.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 658.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 658.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 658.50 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 427.5 734.5 m 492.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 734.5 m 496.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 734.5 m 561.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 734.5 m 492.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 713.5 m 492.5 713.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 734.5 m 496.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 713.5 m 496.5 713.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 734.5 m 561.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 713.5 m 561.5 713.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 713.5 m 492.5 713.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 700.5 m 492.5 700.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 713.5 m 496.5 713.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 713.5 m 561.5 713.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 700.5 m 561.5 700.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 700.5 m 492.5 700.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 700.5 m 561.5 700.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 658.5 m 492.5 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 658.5 m 561.5 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 658.5 m 492.5 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 644.5 m 492.5 644.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 642.5 m 492.5 642.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 658.5 m 561.5 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 644.5 m 561.5 644.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 642.5 m 561.5 642.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.55 738.73 Td (Level 3 Liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.85 725.73 Td (Crack spread contingent) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.75 717.73 Td (consideration liability) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.50 704.73 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.50 704.73 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.20 691.73 Td (\(Dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 677.17 Td (Balances, August 31, 2016, and 2015, respectively) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.00 677.07 Td (..................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 677.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 677.17 Td (15,051) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 677.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 677.17 Td (75,982) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 663.07 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 252.50 663.07 Td (...................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 663.12 Td (\(13,273) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 663.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 663.12 Td (\(51,321) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 663.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 648.17 Td (Balances, May 31, 2017, and 2016, respectively) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.00 648.07 Td (......................................................................) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 648.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 648.17 Td (1,778) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 648.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 648.17 Td (24,661) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 620.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 620.00 Td (There were no material transfers between Level 1, Level 2 and Level 3 assets and liabilities during the three and nine ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 608.00 Td (months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.33 608.00 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.16 608.00 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.09 608.00 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.09 608.00 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 584.00 Td (Note 13 ) Tj ET Q q 0 0 0 rg BT 86.00 584.00 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 584.00 Td (Commitmentsand Contingencies) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 560.00 Td (Environmental) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 536.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 536.00 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 536.00 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 50.00 524.00 Td (operations. In order to 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 50.00 512.00 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 50.00 500.00 Td (Statements of Operations. ) Tj ET Q q 0 0 0 rg BT 155.91 500.00 Td (The resolution of any such matters may af) Tj ET Q q 0 0 0 rg BT 324.29 500.00 Td (fect consolidated net income for any fiscal period; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 488.00 Td (however) Tj ET Q q 0 0 0 rg BT 84.03 488.00 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 466.23 488.00 Td (fect on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 476.00 Td (consolidated financial position, results of operations or cash flows during any fiscal year) Tj ET Q q 0 0 0 rg BT 403.52 476.00 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 464.00 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 452.00 Td (Other Litigation and Claims) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 428.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 428.00 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 428.00 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 50.00 416.00 Td (business. ) Tj ET Q q 0 0 0 rg BT 88.71 416.00 Td (The resolution of any such matters may af) Tj ET Q q 0 0 0 rg BT 257.09 416.00 Td (fect consolidated net income for any fiscal period; however) Tj ET Q q 0 0 0 rg BT 494.38 416.00 Td (, we believe any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 404.00 Td (resulting liabilities, individually or in the aggregate, will not have a material ef) Tj ET Q q 0 0 0 rg BT 364.73 404.00 Td (fect on our consolidated financial position, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 392.00 Td (results of operations or cash flows during any fiscal year) Tj ET Q q 0 0 0 rg BT 275.77 392.00 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 368.00 Td (Guarantees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 344.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 344.00 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 344.00 Td (e are a guarantor for lines of credit and performance obligations of related, non-consolidated companies. ) Tj ET Q q 0 0 0 rg BT 514.20 344.00 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 332.00 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.83 332.00 Td (, our bank covenants allowed maximum guarantees of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.38 332.00 Td ($1.0 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.49 332.00 Td (, of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.26 332.00 Td ($101.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 332.00 Td ( were outstanding. ) Tj ET Q q 0 0 0 rg BT 548.06 332.00 Td (W) Tj ET Q q 0 0 0 rg BT 556.70 332.00 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 320.00 Td (have collateral for a portion of these contingent obligations. ) Tj ET Q q 0 0 0 rg BT 291.41 320.00 Td (W) Tj ET Q q 0 0 0 rg BT 300.05 320.00 Td (e have not recorded a liability related to the contingent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 308.00 Td (obligations as 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 507.72 308.00 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 296.00 Td (underlying loans to the counterparties for which we provide these guarantees were current as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.58 296.00 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.41 296.00 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 272.00 Td (ITEM 2. ) Tj ET Q q 0 0 0 rg BT 122.00 272.00 Td (MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 272.02 272.00 Td (AND ) Tj ET Q q 0 0 0 rg BT 295.64 272.00 Td (ANAL) Tj ET Q q 0 0 0 rg BT 323.05 272.00 Td (YSIS OF) Tj ET Q q 0 0 0 rg BT 361.31 272.00 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 419.92 272.00 Td ( CONDITION ) Tj ET Q q 0 0 0 rg BT 483.27 272.00 Td (AND RESUL) Tj ET Q q 0 0 0 rg BT 539.86 272.00 Td (TS ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 260.00 Td (OF) Tj ET Q q 0 0 0 rg BT 63.52 260.00 Td ( OPERA) Tj ET Q q 0 0 0 rg BT 100.27 260.00 Td (TIONS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 236.00 Td (General) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 212.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 212.00 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 212.00 Td (e are a diversified company) Tj ET Q q 0 0 0 rg BT 204.49 212.00 Td (, which provides grain, foods and ener) Tj ET Q q 0 0 0 rg BT 357.60 212.00 Td (gy resources to businesses and consumers on a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 200.00 Td (global basis. ) Tj ET Q q 0 0 0 rg BT 101.94 200.00 Td (As a cooperative, we are owned by farmers, ranchers and their member cooperatives across the United States. ) Tj ET Q q 0 0 0 rg BT 543.26 200.00 Td (W) Tj ET Q q 0 0 0 rg BT 551.89 200.00 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 188.00 Td (also have preferred stockholders that own shares of our five series of preferred stock, which are each listed and traded on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 176.00 Td (NASDAQ Global Select Market. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 152.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 152.00 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 152.00 Td (e provide a full range of production agricultural inputs such as refined fuels, propane, farm supplies, animal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 140.00 Td (nutrition and agronomy products, as well as services, which include hedging, financing and insurance services. ) Tj ET Q q 0 0 0 rg BT 496.08 140.00 Td (W) Tj ET Q q 0 0 0 rg BT 504.72 140.00 Td (e own and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 128.00 Td (operate petroleum refineries and pipelines and market and distribute refined fuels and other ener) Tj ET Q q 0 0 0 rg BT 434.94 128.00 Td (gy products under the Cenex) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 549.91 132.53 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.85 128.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 116.00 Td (brand through a network of member cooperatives and independents retailers. ) Tj ET Q q 0 0 0 rg BT 359.43 116.00 Td (W) Tj ET Q q 0 0 0 rg BT 368.07 116.00 Td (e purchase grains and oilseeds directly and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 104.00 Td (indirectly from agricultural producers primarily in the midwestern and western United States. ) Tj ET Q q 0 0 0 rg BT 426.10 104.00 Td (These grains and oilseeds are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 92.00 Td (either sold to domestic and international customers or further processed by us into a variety of grain-based food products or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 80.00 Td (renewable fuels.) Tj ET Q endstream endobj 55 0 obj <>] /Rotate 0 /Contents 56 0 R>> endobj 56 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 /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 discussion makes reference to our Ener) Tj ET Q q 0 0 0 rg BT 302.14 742.10 Td (gy) Tj ET Q q 0 0 0 rg BT 311.49 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 315.94 742.10 Td (Ag, Nitrogen Production and Foods reportable segments, as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (well as our Corporate and Other category) Tj ET Q q 0 0 0 rg BT 214.84 730.10 Td (. See Note 10, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 273.72 730.10 Td (Segment Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.09 730.10 Td (, to our unaudited consolidated financial statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (included in this Quarterly Report on Form 10-Q for more information regarding our reportable segments.) 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 (Many of our business activities are highly seasonal and operating results vary throughout the year) Tj ET Q q 0 0 0 rg BT 476.46 694.10 Td (. For example, in our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 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 50.00 670.10 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 50.00 658.10 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 474.97 658.10 Td (gy segment generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 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 50.00 634.10 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 483.32 634.10 Td (gy products, such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (as propane, may experience higher volumes and profitability during the winter heating and fall crop drying seasons.) 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 (Our revenues, assets and cash flows can be significantly af) Tj ET Q q 0 0 0 rg BT 320.74 598.10 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 50.00 586.10 Td (petroleum products, natural gas, ethanol, grains, oilseeds, crop nutrients and flour) Tj ET Q q 0 0 0 rg BT 375.75 586.10 Td (. Changes in market prices for commodities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 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 426.09 574.10 Td (fect revenues and operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (earnings. Commodity prices are af) Tj ET Q q 0 0 0 rg BT 187.83 562.10 Td (fected by a wide range of factors beyond our control, including the weather) Tj ET Q q 0 0 0 rg BT 488.71 562.10 Td (, crop damage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (due to disease or insects, drought, the availability and adequacy of supply) Tj ET Q q 0 0 0 rg BT 343.99 550.10 Td (, government regulations and policies, world events, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (and general political and economic conditions.) 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 (Our business is cyclical and the ) Tj ET Q q 0 0 0 rg BT 214.31 514.10 Td (Ag and Ener) Tj ET Q q 0 0 0 rg BT 264.66 514.10 Td (gy industries are in an environment characterized by reduced commodity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (prices, lower mar) Tj ET Q q 0 0 0 rg BT 119.51 502.10 Td (gins, reduced liquidity and increased debt. ) Tj ET Q q 0 0 0 rg BT 290.95 502.10 Td (W) Tj ET Q q 0 0 0 rg BT 299.58 502.10 Td (e are unable to predict how long this current environment will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (last or how severe it may be. During this period, we, along with our competitors and customers, expect our revenues, mar) Tj ET Q q 0 0 0 rg BT 535.52 490.10 Td (gins ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (and cash flows to be under pressure. ) 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 (As we operate in this challenging environment, we have taken and continue to take prudent actions to restore our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (financial flexibility) Tj ET Q q 0 0 0 rg BT 126.27 442.10 Td (. ) Tj ET Q q 0 0 0 rg BT 131.09 442.10 Td (These actions include actively managing expenses, reducing debt balances, optimizing working capital, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (limiting capital investment beyond that needed to maintain the safety and compliance of our operations. In addition, we are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (performing an asset portfolio review focusing on the strategic value and return we earn on our investments. ) Tj ET Q q 0 0 0 rg BT 480.98 418.10 Td (As a result of this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (work, we are undertaking ef) Tj ET Q q 0 0 0 rg BT 162.27 406.10 Td (forts to dispose of certain underperforming or nonstrategic assets. ) Tj ET Q q 0 0 0 rg BT 427.02 406.10 Td (W) Tj ET Q q 0 0 0 rg BT 435.65 406.10 Td (e are also currently assessing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (how we manage our equity as an additional lever for restoring financial flexibility and balance sheet strength. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (Results of Operations) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 346.10 Td (Comparison of the three months ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 230.80 346.10 Td (May31, 2017) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 286.63 346.10 Td (, and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 309.69 346.10 Td (May31, 2016) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 365.52 346.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 322.10 Td (General.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.27 322.10 Td () Tj ET Q q 0 0 0 rg BT 126.09 322.10 Td (W) Tj ET Q q 0 0 0 rg BT 134.73 322.10 Td (e recorded a loss before income taxes of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.99 322.10 Td ($209.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.88 322.10 Td ( during the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.51 322.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.34 322.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (compared to income before income taxes of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.98 310.10 Td ($194.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.88 310.10 Td ( during the three months ended May 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.34 310.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.34 310.10 Td (, a decrease of $403.7 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (million. Operating results reflected decreases in pretax income in our Ener) Tj ET Q q 0 0 0 rg BT 347.76 298.10 Td (gy) Tj ET Q q 0 0 0 rg BT 357.11 298.10 Td (, ) Tj ET Q q 0 0 0 rg BT 361.56 298.10 Td (Ag, Nitrogen Production, and Foods segments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (along with Corporate and Other) Tj ET Q q 0 0 0 rg BT 176.64 286.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 262.10 Td (Our Ener) Tj ET Q q 0 0 0 rg BT 122.75 262.10 Td (gy segment generated a loss before income taxes of $9.3 million for the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.36 262.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.19 262.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (compared to generating income before income taxes of $109.4 million for the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.76 250.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.59 250.10 Td (, representing a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (decrease of $1) Tj ET Q q 0 0 0 rg BT 107.37 238.10 Td (18.7 million, primarily due to significantly reduced refining mar) Tj ET Q q 0 0 0 rg BT 364.35 238.10 Td (gins, a $32.7 million impairment char) Tj ET Q q 0 0 0 rg BT 514.98 238.10 Td (ge incurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (during the third quarter of fiscal year 2017 associated with the cancellation of a capital project and a $80.2 million benefit in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (the third fiscal quarter of the prior year associated with the recovery of lower of cost or market char) Tj ET Q q 0 0 0 rg BT 447.99 214.10 Td (ges that did not reoccur in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (the current year) Tj ET Q q 0 0 0 rg BT 112.19 202.10 Td (. Our propane, transportation, and lube businesses experienced decreases in earnings compared to the same ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (period of the prior year) Tj ET Q q 0 0 0 rg BT 142.19 190.10 Td (. ) Tj ET Q q 0 0 0 rg BT 147.01 190.10 Td (W) Tj ET Q q 0 0 0 rg BT 155.64 190.10 Td (e are subject to the Renewable Fuels Standard \("RFS"\) which requires all refiners to blend renewable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (fuels \(e.g. ethanol, biodiesel\) into their finished transportation fuels or purchase renewable ener) Tj ET Q q 0 0 0 rg BT 431.63 178.10 Td (gy credits, known as Renewable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (Identification Numbers \("RINs"\), in lieu of blending. ) Tj ET Q q 0 0 0 rg BT 264.88 166.10 Td (The Environmental Protection ) Tj ET Q q 0 0 0 rg BT 387.91 166.10 Td (Agency \("EP) Tj ET Q q 0 0 0 rg BT 439.67 166.10 Td (A"\) generally establishes new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (annual renewable fuels percentage standards for each compliance year in the preceding year) Tj ET Q q 0 0 0 rg BT 417.59 154.10 Td (. ) Tj ET Q q 0 0 0 rg BT 422.41 154.10 Td (W) Tj ET Q q 0 0 0 rg BT 431.05 154.10 Td (e generate RINs under the RFS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (in our renewable fuels operations and through our blending activities at our terminals, however we cannot generate enough ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (RINs to meet the needs of our refining capacity and therefore RINs must be purchased on the open market. ) Tj ET Q q 0 0 0 rg BT 480.23 130.10 Td (The price of RINs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (can be volatile. On November 23, 2016, the EP) Tj ET Q q 0 0 0 rg BT 238.20 118.10 Td (A) Tj ET Q q 0 0 0 rg BT 244.87 118.10 Td ( released the final mandate for 2017, and as a result the RINs market price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (increased in our first fiscal quarter) Tj ET Q q 0 0 0 rg BT 186.89 106.10 Td (. Subsequent changes in the price of RINs resulted in no material impact on our financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (results. ) 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 (26) 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 (Our ) Tj ET Q q 0 0 0 rg BT 103.50 742.10 Td (Ag segment generated a loss before income taxes of $221.2 million and income before income taxes of $24.2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (million for the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.08 730.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.91 730.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.85 730.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.68 730.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 377.34 730.10 Td (, which represents a decrease of $245.4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (million. Our grain marketing earnings decreased by $231.2 million during the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.35 718.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.18 718.10 Td (, compared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (with the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.81 706.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.64 706.10 Td (, due almost entirely to increased bad debt expense and the recording of a reserve, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (both associated with a trading partner of ours in Brazil entering bankruptcy proceedings under Brazilian law) Tj ET Q q 0 0 0 rg BT 482.27 694.10 Td (. Our processing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (and food ingredients business earnings decreased by $9.2 million during the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.41 682.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.24 682.10 Td (, compared with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.53 670.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.36 670.10 Td (, primarily due to impairment char) Tj ET Q q 0 0 0 rg BT 338.91 670.10 Td (ges taken on certain assets in the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.83 658.10 Td ( that were greater than the bad debt char) Tj ET Q q 0 0 0 rg BT 266.12 658.10 Td (ge associated with a specific customer in the same three-month period of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (the previous year) Tj ET Q q 0 0 0 rg BT 118.31 646.10 Td (. Our wholesale crop nutrients business earnings decreased by $5.8 million for the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.83 634.10 Td (, compared with the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.56 634.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.39 634.10 Td (, primarily due to decreased mar) Tj ET Q q 0 0 0 rg BT 453.60 634.10 Td (gins. Earnings from our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (renewable fuels marketing and production operations decreased $2.0 million for the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.48 622.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.31 622.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (compared with the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.73 610.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.56 610.10 Td (, due primarily to lower mar) Tj ET Q q 0 0 0 rg BT 376.12 610.10 Td (gins in our production operations. Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (country operations earnings increased $3.2 million during the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.36 598.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.19 598.10 Td (, compared to the same three-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (month period of the previous year) Tj ET Q q 0 0 0 rg BT 185.40 586.10 Td (, due primarily to increased volumes. ) 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 (Our Nitrogen Production segment generated income before income taxes of $8.7 million during the three months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.38 550.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.21 550.10 Td (, compared to income before income taxes of $25.0 million during the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.72 550.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.55 550.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (The decrease of $16.3 million is primarily due to lower equity income. ) Tj ET Q q 0 0 0 rg BT 335.30 538.10 Td (This segment consists solely of our equity method ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (investment in CF Nitrogen. See Note 4, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 210.82 526.10 Td (Investments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.02 526.10 Td (to our unaudited consolidated financial statements included in this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (Quarterly Report on Form 10-Q for more information on this investment. ) 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 (Our Foods segment, which was previously reported as a component of Corporate and Other) Tj ET Q q 0 0 0 rg BT 452.18 490.10 Td (, generated income before ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (income taxes of $7.1 million during the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.34 478.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.17 478.10 Td (, representing a decrease of $9.9 million compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (income before income taxes of $17.0 million in the same period of the prior year) Tj ET Q q 0 0 0 rg BT 372.55 466.10 Td (, primarily due to reduced mar) Tj ET Q q 0 0 0 rg BT 493.99 466.10 Td (gins. ) Tj ET Q q 0 0 0 rg BT 515.48 466.10 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (segment consists solely of our equity method investment in ) Tj ET Q q 0 0 0 rg BT 289.51 454.10 Td (V) Tj ET Q q 0 0 0 rg BT 295.63 454.10 Td (entura Foods. ) 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 (Corporate and Other generated income before income taxes of $5.6 million during the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.36 430.10 Td (May31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 418.10 Td (, compared to $18.9 million during the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.73 418.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.56 418.10 Td (, a decrease in earnings of $13.3 million. Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (equity earnings from our ) Tj ET Q q 0 0 0 rg BT 151.09 406.10 Td (Ardent Mills joint venture increased $1.2 million, net of allocated expenses, while earnings from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (Business Solutions decreased $2.6 million and Other earnings decreased by $1) Tj ET Q q 0 0 0 rg BT 364.28 394.10 Td (1.9 million.) Tj ET Q BT /F3 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 (Net Income/Loss attributable to CHS Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.10 370.10 Td (Consolidated net loss attributable to CHS Inc. for the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.83 358.10 Td (, was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.88 358.10 Td ($45.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.77 358.10 Td ( compared to a net gain attributable to CHS Inc. of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.71 358.10 Td ($190.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.61 358.10 Td ( for the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.83 346.10 Td (, which represents a $235.5 million decrease, and is driven by the factors described above.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 322.10 Td (Revenues.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.25 322.10 Td (Consolidated revenues were $8.6 billion for the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.79 322.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.62 322.10 Td (, compared to $7.8 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (billion for the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.30 310.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.13 310.10 Td (, representing an increase of $817.5 million \(10%\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 286.10 Td (Our Ener) Tj ET Q q 0 0 0 rg BT 122.75 286.10 Td (gy segment revenues of $1.5 billion, after elimination of intersegment revenues, increased by $293.7 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (\(24%\) during the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.63 274.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.46 274.10 Td (, compared to the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.19 274.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.02 274.10 Td (. See Note 10, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.89 274.10 Td (Segment ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (Reporting, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 262.10 Td (to our unaudited consolidated financial statements included in this Quarterly Report on Form 10-Q for eliminated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (amounts. Refined fuels revenues increased $270.8 million \(27%\) when compared to the same period of the prior year) Tj ET Q q 0 0 0 rg BT 518.62 250.10 Td (, of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td ($201.2 million was related to higher prices with the remaining increase attributed to higher volumes. ) Tj ET Q q 0 0 0 rg BT 454.99 238.10 Td (The sales price of refined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (fuels increased $0.26 \(19%\) per gallon and volumes increased approximately 7% when compared to the same period of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (prior year) Tj ET Q q 0 0 0 rg BT 88.59 214.10 Td (. Propane revenues increased $15.1 million \(16%\), all of which related to higher net average selling prices when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (compared to the same period in fiscal 2016. ) Tj ET Q q 0 0 0 rg BT 227.27 202.10 Td (The average selling price of propane increased $0.09 \(16%\) per gallon when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (compared to the same period of the prior year) Tj ET Q q 0 0 0 rg BT 232.15 190.10 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 (Our ) Tj ET Q q 0 0 0 rg BT 103.50 166.10 Td (Ag segment revenues of $7.1 billion, after elimination of intersegment revenues, increased $522.7 million \(8%\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (during the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.14 154.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.97 154.10 Td (, compared to the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.70 154.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.53 154.10 Td (. See Note 10, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 497.40 154.10 Td (Segment ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (Reporting, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 142.10 Td (to our unaudited consolidated financial statements included in this Quarterly Report on Form 10-Q for eliminated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (amounts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 106.10 Td (Grain revenues in our ) Tj ET Q q 0 0 0 rg BT 174.86 106.10 Td (Ag segment were $4.4 billion and $3.7 billion for the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.19 106.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.02 106.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (2016, respectively) Tj ET Q q 0 0 0 rg BT 122.66 94.10 Td (. ) Tj ET Q q 0 0 0 rg BT 127.48 94.10 Td (The increase in grain revenues was the result of higher average sales prices of $142.9 million and an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (increase in net volume of $585.0 million during the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.10 82.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.93 82.10 Td (, compared to the same period of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (prior year) Tj ET Q q 0 0 0 rg BT 88.59 70.10 Td (. ) Tj ET Q q 0 0 0 rg BT 93.41 70.10 Td (Wheat, corn and soybean volumes increased by approximately 6% compared to the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.94 70.10 Td (May31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 58.10 Td (.) 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 (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 (Our processing and food ingredients revenues in our ) Tj ET Q q 0 0 0 rg BT 297.62 742.10 Td (Ag segment of $337.2 million decreased $56.5 million \(14%\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (during the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.14 730.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.97 730.10 Td (, compared to the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.70 730.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.53 730.10 Td (. For the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.83 718.10 Td (, the net decrease in revenues is comprised of a $36.1 million decrease due to the sale of an international location ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (in the prior year plus a $148.1 million \(38%\) decrease in volumes, which was primarily associated with the disposal of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (overseas processing and food ingredient operations in the current year) Tj ET Q q 0 0 0 rg BT 329.63 694.10 Td (. ) Tj ET Q q 0 0 0 rg BT 334.45 694.10 Td (This decrease was partially of) Tj ET Q q 0 0 0 rg BT 453.66 694.10 Td (fset by an increase in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (average selling price of our oilseed products of $127.7 million compared to the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.61 682.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.44 682.10 Td (. ) Tj ET Q q 0 0 0 rg BT 510.26 682.10 Td (The average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (sales price of all oilseed commodities sold reflected an increase of $5.35 \(52%\) per bushel compared to the same period of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (previous year) Tj ET Q q 0 0 0 rg BT 103.59 658.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td ( ) 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 (Wholesale crop nutrient revenues in our ) Tj ET Q q 0 0 0 rg BT 248.17 634.10 Td (Ag segment totaled $681.9 million, a decrease of $88.1 million \(1) Tj ET Q q 0 0 0 rg BT 511.35 634.10 Td (1%\) during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.53 622.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.36 622.10 Td (, compared to the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.09 622.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.92 622.10 Td (. ) Tj ET Q q 0 0 0 rg BT 414.74 622.10 Td (The wholesale crop nutrient ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (revenues decrease consisted of $1) Tj ET Q q 0 0 0 rg BT 185.13 610.10 Td (16.6 million associated with lower average selling prices, partially of) Tj ET Q q 0 0 0 rg BT 461.25 610.10 Td (fset by an increase of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td ($28.5 million in volume during the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.30 598.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.13 598.10 Td (, compared to the same period of the previous year) Tj ET Q q 0 0 0 rg BT 531.28 598.10 Td (. ) Tj ET Q q 0 0 0 rg BT 536.10 598.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (average sales price of all fertilizers sold decreased $43.42 \(15%\) per ton compared to the same period of the previous year) Tj ET Q q 0 0 0 rg BT 538.42 586.10 Td (. Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (wholesale crop nutrient volumes increased 4% compared with the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.56 574.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.39 574.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 550.10 Td (Our renewable fuels revenue from our marketing and production operations decreased by $7.3 million during the three ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.33 538.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.16 538.10 Td (, when compared with the same period from the previous year) Tj ET Q q 0 0 0 rg BT 411.58 538.10 Td (. Our lower renewable fuels revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (were the result of decreased volumes of $20.3 million \(5%\), partially of) Tj ET Q q 0 0 0 rg BT 336.67 526.10 Td (fset by an increase in average selling prices of $13.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (million \(4%\) during the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.02 514.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.85 514.10 Td (, compared to the same period of the prior year) Tj ET Q q 0 0 0 rg BT 471.00 514.10 Td (.) 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 (Our ) Tj ET Q q 0 0 0 rg BT 103.50 490.10 Td (Ag segment other product revenues, primarily feed and farm supplies, of $1.2 billion decreased by $56.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.94 490.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (\(5%\) during the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.63 478.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.46 478.10 Td (, compared to the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.19 478.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.02 478.10 Td (. ) Tj ET Q q 0 0 0 rg BT 465.83 478.10 Td (The reduction was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (primarily the result of a decrease in our country operations feed, plant food and sunflower sales due to decreased volumes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (related to lower demand, particularly in the sunflower market.) 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 (T) Tj ET Q q 0 0 0 rg BT 91.41 430.10 Td (otal revenues also include other revenues generated primarily within our ) Tj ET Q q 0 0 0 rg BT 382.98 430.10 Td (Ag segment and Corporate and Other) Tj ET Q q 0 0 0 rg BT 532.10 430.10 Td (. Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (Ag segment) Tj ET Q q 0 0 0 rg BT 100.83 418.10 Td (s country operations elevators and agri-service centers derive other revenues from activities related to production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (agriculture, which include grain storage, grain cleaning, fertilizer spreading, crop protection spraying and other services of this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (nature, and our grain marketing operations receive other revenues at our export terminals from activities related to loading ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (vessels. Corporate and Other derives revenues primarily from our financing, hedging and insurance operations.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 358.10 Td (Cost of Goods Sold.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.01 358.10 Td (Consolidated cost of goods sold was $8.4 billion for the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.64 358.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.47 358.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (compared to $7.5 billion for the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.50 346.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.33 346.10 Td (, representing an $887.9 million \(12%\) increase.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 322.10 Td (Our Ener) Tj ET Q q 0 0 0 rg BT 122.75 322.10 Td (gy segment cost of goods sold of $1.5 billion, after elimination of intersegment costs, increased by $382.1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (million \(35%\) during the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.02 310.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.85 310.10 Td (, compared to the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.58 310.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.41 310.10 Td (. ) Tj ET Q q 0 0 0 rg BT 502.23 310.10 Td (The refined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (fuels increase of $341.4 \(38%\) million was driven by a $0.36 \(29%\) increase to the average cost per gallon \($280.1 million\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (and an increase in volumes \($61.3 million or 7%\). For the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.93 286.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.76 286.10 Td (, cost of goods sold for propane ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (increased $20.9 million \(22%\), primarily from an average cost increase of $0.13 \(22%\) per gallon when compared to the three ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.33 262.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.16 262.10 Td (. ) 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 (Our ) Tj ET Q q 0 0 0 rg BT 103.50 238.10 Td (Ag segment cost of goods sold of $6.9 billion, after elimination of intersegment costs, increased $494.9 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (\(8%\) during the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.63 226.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.46 226.10 Td (, compared to the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.19 226.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.02 226.10 Td (. Grain cost of goods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (sold in our ) Tj ET Q q 0 0 0 rg BT 94.73 214.10 Td (Ag segment totaled $4.3 billion and $3.6 billion during the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.29 214.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.12 214.10 Td (, and 2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 202.10 Td (. ) Tj ET Q q 0 0 0 rg BT 102.48 202.10 Td (The cost of grains and oilseed procured through our ) Tj ET Q q 0 0 0 rg BT 311.59 202.10 Td (Ag segment increased $731.3 million \(20%\) compared to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.81 190.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.64 190.10 Td (. ) Tj ET Q q 0 0 0 rg BT 191.46 190.10 Td (This is primarily the result of a $575.6 million increase in volumes and an increase in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (average cost of $155.7 million. ) Tj ET Q q 0 0 0 rg BT 176.73 178.10 Td (The average month-end market price per bushel of spring wheat increased while the average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (month-end market price per bushel of corn and soybeans decreased compared to the same period of the previous year) Tj ET Q q 0 0 0 rg BT 518.72 166.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 142.10 Td (Our processing and food ingredients cost of goods sold in our ) Tj ET Q q 0 0 0 rg BT 334.58 142.10 Td (Ag segment of $324.6 million decreased $75.8 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (\(19%\) during the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.63 130.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.46 130.10 Td (, compared to the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.19 130.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.02 130.10 Td (. ) Tj ET Q q 0 0 0 rg BT 470.83 130.10 Td (The net decrease is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (comprised of a $32.4 million decrease due to the sale of an international location in the prior year plus a decrease in volumes of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td ($150.6 million, partially of) Tj ET Q q 0 0 0 rg BT 157.86 106.10 Td (fset by a $107.2 million increase associated with a higher average cost. ) Tj ET Q q 0 0 0 rg BT 444.25 106.10 Td (T) Tj ET Q q 0 0 0 rg BT 449.66 106.10 Td (ypically) Tj ET Q q 0 0 0 rg BT 481.23 106.10 Td (, changes in costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (are primarily due to changes in the cost of oilseeds purchased. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 70.10 Td (Wholesale crop nutrients cost of goods sold in our ) Tj ET Q q 0 0 0 rg BT 289.02 70.10 Td (Ag segment totaled $651.0 million and decreased $84.3 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (\(1) Tj ET Q q 0 0 0 rg BT 57.96 58.10 Td (1%\) during the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.25 58.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.08 58.10 Td (, compared to the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.81 58.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.64 58.10 Td (. ) Tj ET Q q 0 0 0 rg BT 470.46 58.10 Td (The net decrease is ) 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 (28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (comprised of a $1) Tj ET Q q 0 0 0 rg BT 121.55 742.10 Td (1) Tj ET Q q 0 0 0 rg BT 126.18 742.10 Td (1.4 million decrease related to average cost, partially of) Tj ET Q q 0 0 0 rg BT 348.13 742.10 Td (fset by a $27.2 million increase associated with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (higher volumes, when compared to the same period of the previous year) Tj ET Q q 0 0 0 rg BT 338.25 730.10 Td (.) 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 (Renewable fuels cost of goods sold from our marketing and production operations decreased $13.0 million \(3%\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (during the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.14 694.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.97 694.10 Td (, due to a decrease in volumes sold of 5%, partially of) Tj ET Q q 0 0 0 rg BT 445.00 694.10 Td (fset by an increase in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (average cost per gallon of 2%, when compared with the same period of the previous year) Tj ET Q q 0 0 0 rg BT 405.43 682.10 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 (Our ) Tj ET Q q 0 0 0 rg BT 103.50 658.10 Td (Ag segment other product cost of goods sold, primarily feed and farm supplies, decreased $331.8 million \(30%\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (during the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.14 646.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.97 646.10 Td (, compared to the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.70 646.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.53 646.10 Td (. ) Tj ET Q q 0 0 0 rg BT 443.34 646.10 Td (This decrease was due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (mostly to lower volumes when compared to the same period of the previous year) Tj ET Q q 0 0 0 rg BT 372.97 634.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 610.10 Td (Marketing, General and ) Tj ET Q q 0 0 0 rg BT 185.24 610.10 Td (Administrative.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.63 610.10 Td (Marketing, general and administrative expenses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.28 610.10 Td ($153.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.17 610.10 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.81 598.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.64 598.10 Td (, increased by $10.1 million \(7%\) compared to the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.01 598.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.84 598.10 Td (. ) Tj ET Q q 0 0 0 rg BT 531.66 598.10 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (change was primarily driven by increased compensation costs which was mostly due to separation expenses associated with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (departure of our chief executive of) Tj ET Q q 0 0 0 rg BT 188.36 574.10 Td (ficer and to a lesser extent, higher consulting fees.) Tj ET Q BT /F3 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 (Reserve and impairment char) Tj ET Q q 0 0 0 rg BT 204.21 550.10 Td (ges.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.04 550.10 Td (Reserve and impairment char) Tj ET Q q 0 0 0 rg BT 342.31 550.10 Td (ges of $323.9 million for the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.83 538.10 Td (, increased by $297.9 million compared to the same period in the prior fiscal year) Tj ET Q q 0 0 0 rg BT 430.73 538.10 Td (. ) Tj ET Q q 0 0 0 rg BT 435.55 538.10 Td (The fiscal 2016 char) Tj ET Q q 0 0 0 rg BT 517.28 538.10 Td (ges relate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (solely to bad debt expense. ) Tj ET Q q 0 0 0 rg BT 160.35 526.10 Td (The increase for the three months ended May 31, 2017, primarily relates to a Brazil trading partner ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (in our ) Tj ET Q q 0 0 0 rg BT 75.56 514.10 Td (Ag segment entering into bankruptcy proceedings under Brazilian law during our third quarter of fiscal 2017, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (resulted in char) Tj ET Q q 0 0 0 rg BT 111.46 502.10 Td (ges of $229.4 million. ) Tj ET Q q 0 0 0 rg BT 201.46 502.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 251.36 502.10 Td (, we recorded a $32.7 million impairment char) Tj ET Q q 0 0 0 rg BT 436.95 502.10 Td (ge associated with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (cancellation of a capital project in our Ener) Tj ET Q q 0 0 0 rg BT 222.79 490.10 Td (gy segment during the third quarter of fiscal 2017 and a char) Tj ET Q q 0 0 0 rg BT 465.03 490.10 Td (ge of $51.8 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (related to the impairment of long-lived assets and goodwill in our ) Tj ET Q q 0 0 0 rg BT 314.11 478.10 Td (Ag segment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 454.10 Td (Gain/Loss on Investments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.33 454.10 Td (Gain on investments for the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.73 454.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.56 454.10 Td (, was $0.4 million compared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (to $0.7 million for the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.36 442.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.19 442.10 Td (.) Tj ET Q BT /F3 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 (Inter) Tj ET Q q 0 0 0 rg BT 105.07 418.10 Td (est expense.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.82 418.10 Td (Interest expense of $39.2 million for the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.92 418.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.75 418.10 Td (, increased $1.7 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (compared to the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.73 406.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.56 406.10 Td (. ) Tj ET Q q 0 0 0 rg BT 258.38 406.10 Td (The majority of the increase was primarily due to lower capitalized interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (of $4.9 million associated with our ongoing capital projects, partially of) Tj ET Q q 0 0 0 rg BT 336.98 394.10 Td (fset by lower interest expense of $3.2 million associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (with lower debt balances.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 358.10 Td (Other income.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.21 358.10 Td (Other income totaled $1) Tj ET Q q 0 0 0 rg BT 244.75 358.10 Td (1.6 million for the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.83 358.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.66 358.10 Td (, an increase of $0.8 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (million compared to the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.12 346.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.95 346.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 322.10 Td (Equity Income fr) Tj ET Q q 0 0 0 rg BT 152.83 322.10 Td (om Investments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.26 322.10 Td (Equity income from investments of $48.4 million for the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.83 310.10 Td (, decreased $24.1 million compared to the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.87 310.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.70 310.10 Td (. ) Tj ET Q q 0 0 0 rg BT 417.51 310.10 Td (The decrease was primarily related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (to lower equity income recognized by our equity method investments in CF Nitrogen and ) Tj ET Q q 0 0 0 rg BT 409.75 298.10 Td (V) Tj ET Q q 0 0 0 rg BT 415.86 298.10 Td (entura Foods, partially of) Tj ET Q q 0 0 0 rg BT 516.77 298.10 Td (fset by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (higher equity income recognized by our equity method investments in ) Tj ET Q q 0 0 0 rg BT 332.53 286.10 Td (TEMCO and ) Tj ET Q q 0 0 0 rg BT 386.42 286.10 Td (Ardent Mills. See Note 4, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 491.68 286.10 Td (Investments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.89 286.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (our unaudited consolidated financial statements included in this Quarterly Report on Form 10-Q for more information. ) Tj ET Q q 0 0 0 rg BT 526.65 274.10 Td (W) Tj ET Q q 0 0 0 rg BT 535.29 274.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (record equity income or loss primarily from the investments in which we have an ownership interest of 50% or less and have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (significant influence, but not control, for our proportionate share of income or loss reported by the entity) Tj ET Q q 0 0 0 rg BT 467.57 250.10 Td (, without consolidating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (the revenues and expenses of the entity in our Consolidated Statements of Operations. ) Tj ET Q BT /F3 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 (Income T) Tj ET Q q 0 0 0 rg BT 122.57 214.10 Td (axes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.84 214.10 Td () Tj ET Q q 0 0 0 rg BT 147.66 214.10 Td (W) Tj ET Q q 0 0 0 rg BT 156.30 214.10 Td (e recorded an income tax benefit of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.39 214.10 Td ($163.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.29 214.10 Td ( for the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.47 214.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 214.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (compared with an income tax expense of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.33 202.10 Td ($4.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.22 202.10 Td ( for the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.41 202.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.24 202.10 Td (, resulting in ef) Tj ET Q q 0 0 0 rg BT 493.60 202.10 Td (fective tax rates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (of \(77.9%\) and 2.5%, respectively) Tj ET Q q 0 0 0 rg BT 186.25 190.10 Td (. ) Tj ET Q q 0 0 0 rg BT 191.07 190.10 Td (The tax benefit for the three months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.78 190.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.61 190.10 Td (, is primarily due to the recognition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (of deferred tax benefits related to the issuance of non-qualified equity certificates in fiscal 2013 and 2014 and the bad debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (deduction in our U.S. tax returns related to the performance of guarantees caused by an approximately $230.0 million loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (related to a Brazilian trading partner of ours entering into bankruptcy proceedings under Brazilian law) Tj ET Q q 0 0 0 rg BT 458.09 154.10 Td (. ) Tj ET Q q 0 0 0 rg BT 462.91 154.10 Td (The federal and state ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (statutory rate applied to nonpatronage business activity was 38.3% for both the three months ended May 31, 2017, and 2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (The income taxes and ef) Tj ET Q q 0 0 0 rg BT 147.55 130.10 Td (fective tax rate vary each year based upon profitability and nonpatronage business activity during each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (of the comparable years. ) 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 (29) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 742.25 Td (Comparison of the nine months ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 228.03 742.25 Td (May31, 2017) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 283.86 742.25 Td (, and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 306.92 742.25 Td (May31, 2016) Tj ET Q BT /F4 10.00 Tf ET BT /F3 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 (General) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.77 718.25 Td (. ) Tj ET Q q 0 0 0 rg BT 123.59 718.25 Td (W) Tj ET Q q 0 0 0 rg BT 132.23 718.25 Td (e recorded income before income taxes of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.42 718.25 Td ($40.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.31 718.25 Td ( during the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.18 718.25 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.01 718.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.20 706.25 Td ($407.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.09 706.25 Td ( during the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.96 706.25 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.79 706.25 Td (, a decrease of $367.9 million. Operating results reflect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (decreases in pretax income in our Ener) Tj ET Q q 0 0 0 rg BT 205.31 694.25 Td (gy) Tj ET Q q 0 0 0 rg BT 214.66 694.25 Td (, ) Tj ET Q q 0 0 0 rg BT 219.11 694.25 Td (Ag, and Foods segments along with Corporate and Other) Tj ET Q q 0 0 0 rg BT 446.72 694.25 Td (, partially of) Tj ET Q q 0 0 0 rg BT 495.69 694.25 Td (fset by an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (increase in pretax income in our Nitrogen Production segment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 658.25 Td (Our Ener) Tj ET Q q 0 0 0 rg BT 122.75 658.25 Td (gy segment generated income before income taxes of $77.3 million for the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.53 658.25 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.36 658.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (compared to $239.2 million in the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.63 646.25 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.46 646.25 Td (, representing a decrease of $161.9 million \(68%\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (primarily due to significantly reduced refining mar) Tj ET Q q 0 0 0 rg BT 253.09 634.25 Td (gins and a $32.7 million impairment char) Tj ET Q q 0 0 0 rg BT 418.15 634.25 Td (ge associated with the cancellation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (of a capital project during the third quarter of fiscal 2017. Our lubricants and transportation businesses earnings remained flat, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (partially of) Tj ET Q q 0 0 0 rg BT 93.97 610.25 Td (fset by increased earnings in our propane business compared to the same period of the prior year) Tj ET Q q 0 0 0 rg BT 479.40 610.25 Td (. ) Tj ET Q q 0 0 0 rg BT 484.22 610.25 Td (W) Tj ET Q q 0 0 0 rg BT 492.86 610.25 Td (e are subject to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (the RFS which requires all refiners to blend renewable fuels \(e.g. ethanol, biodiesel\) into their finished transportation fuels or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (purchase renewable ener) Tj ET Q q 0 0 0 rg BT 148.65 586.25 Td (gy credits, known as RINs, in lieu of blending. ) Tj ET Q q 0 0 0 rg BT 337.89 586.25 Td (The EP) Tj ET Q q 0 0 0 rg BT 366.68 586.25 Td (A) Tj ET Q q 0 0 0 rg BT 373.35 586.25 Td ( generally establishes new annual renewable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (fuels percentage standards for each compliance year in the preceding year) Tj ET Q q 0 0 0 rg BT 344.85 574.25 Td (. ) Tj ET Q q 0 0 0 rg BT 349.67 574.25 Td (W) Tj ET Q q 0 0 0 rg BT 358.31 574.25 Td (e generate RINs under the RFS in our renewable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (fuels operations and through our blending activities at our terminals, however we cannot generate enough RINs to meet the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (needs of our refining capacity and therefore RINs must be purchased on the open market. ) Tj ET Q q 0 0 0 rg BT 409.69 550.25 Td (The price of RINs can be volatile. On ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (November 23, 2016, the EP) Tj ET Q q 0 0 0 rg BT 160.18 538.25 Td (A) Tj ET Q q 0 0 0 rg BT 166.85 538.25 Td ( released the final mandate for 2017, and as a result the RINs market price increased in our first ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (fiscal quarter) Tj ET Q q 0 0 0 rg BT 101.92 526.25 Td (. Subsequent changes in the price of RINs resulted in no material impact on our financial results.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 514.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 502.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 103.50 502.25 Td (Ag segment generated a loss before income taxes of $121.3 million for the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.57 502.25 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.40 502.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (compared to income before income taxes of $62.4 million in the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.41 490.25 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.24 490.25 Td (, a decrease in earnings of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td ($183.7 million. Our grain marketing earnings decreased $168.9 million during the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.08 478.25 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.91 478.25 Td (, compared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (with the same period in the prior year) Tj ET Q q 0 0 0 rg BT 199.83 466.25 Td (, primarily due to increased bad debt expense and the recording of a reserve, both ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (associated with a trading partner of ours in Brazil entering bankruptcy proceedings under Brazilian law) Tj ET Q q 0 0 0 rg BT 461.99 454.25 Td (. Our country operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (earnings decreased $40.3 million during the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.05 442.25 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.88 442.25 Td (, compared with the same period in the prior year) Tj ET Q q 0 0 0 rg BT 558.63 442.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (due primarily to the increase in a specific loan loss reserve related to a single producer borrower) Tj ET Q q 0 0 0 rg BT 434.30 430.25 Td (. Our processing and food ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (ingredients businesses experienced a decrease in earnings of $13.3 million for the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.10 418.25 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.93 418.25 Td (, compared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (to the same period of the previous year) Tj ET Q q 0 0 0 rg BT 205.38 406.25 Td (, primarily due to impairment char) Tj ET Q q 0 0 0 rg BT 342.93 406.25 Td (ges taken on certain assets in the current year that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (were greater than the bad debt char) Tj ET Q q 0 0 0 rg BT 190.30 394.25 Td (ge associated with a specific customer in the prior year that did not recur in the current year) Tj ET Q q 0 0 0 rg BT 555.99 394.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (Earnings from our wholesale crop nutrients business increased $25.2 million for the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.02 382.25 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.85 382.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (compared with the same period in fiscal 2016, primarily due to increased volumes and mar) Tj ET Q q 0 0 0 rg BT 413.32 370.25 Td (gins. Earnings from our renewable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (fuels marketing and production operations increased $12.8 million for the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.46 358.25 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.29 358.25 Td (, compared with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.04 346.25 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.87 346.25 Td (, primarily due to higher mar) Tj ET Q q 0 0 0 rg BT 299.21 346.25 Td (gins. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 322.25 Td (Our Nitrogen Production segment generated income before income taxes of $41.2 million during the nine months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.38 310.25 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.21 310.25 Td (, compared to $26.3 million in the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.84 310.25 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.67 310.25 Td (, an increase of $14.9 million. ) Tj ET Q q 0 0 0 rg BT 526.40 310.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (increase is primarily due to a gain of $30.1 million associated with an embedded derivative asset inherent in the agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (relating to our 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 469.33 286.25 Td (. ) Tj ET Q q 0 0 0 rg BT 474.15 286.25 Td (This was partially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 274.25 Td (fset by lower equity income. See Note 4, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 223.66 274.25 Td (Investments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.87 274.25 Td (to our unaudited consolidated financial statements included in this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (Quarterly Report on Form 10-Q for more information on this investment. ) 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 (Our Foods segment, which was previously reported as a component of Corporate and Other) Tj ET Q q 0 0 0 rg BT 452.18 238.25 Td (, generated income before ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (income taxes of $20.7 million during the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.57 226.25 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.40 226.25 Td (, representing a decrease of $26.2 million compared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (to income before income taxes of $46.9 million in the same period of the prior year) Tj ET Q q 0 0 0 rg BT 382.68 214.25 Td (. ) Tj ET Q q 0 0 0 rg BT 387.50 214.25 Td (The decrease was driven mainly by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (reduced mar) Tj ET Q q 0 0 0 rg BT 99.51 202.25 Td (gins. ) Tj ET Q q 0 0 0 rg BT 121.00 202.25 Td (This segment consists solely of our equity method investment in ) Tj ET Q q 0 0 0 rg BT 380.79 202.25 Td (V) Tj ET Q q 0 0 0 rg BT 386.90 202.25 Td (entura Foods. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 178.25 Td (Corporate and Other generated income before income taxes of $22.1 million for the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.15 178.25 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.98 178.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (compared to $33.2 million during the same period of the previous year) Tj ET Q q 0 0 0 rg BT 332.30 166.25 Td (, a decrease in earnings of $1) Tj ET Q q 0 0 0 rg BT 448.27 166.25 Td (1.1 million. Our equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (earnings from our ) Tj ET Q q 0 0 0 rg BT 123.59 154.25 Td (Ardent Mills joint venture increased $6.9 million, net of allocated expenses, while earnings from Business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (Solutions decreased $2.8 million and earnings from Other decreased $15.2 million. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 118.25 Td (Net Income attributable to CHS Inc) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.48 118.25 Td (. Consolidated net income attributable to CHS Inc. for the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.83 106.25 Td (, was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.88 106.25 Td ($178.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.77 106.25 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.48 106.25 Td ($425.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.37 106.25 Td ( for the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.79 106.25 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.62 106.25 Td (, which represents a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (decrease of $247.3 million and is driven by the factors described above. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 70.25 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.75 70.25 Td (. Consolidated revenues were $24.0 billion for the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.53 70.25 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.36 70.25 Td (, compared to $22.2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.25 Td (billion for the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.53 58.25 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.36 58.25 Td (, which represents a $1.8 billion increase \(8%\).) 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 (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (Our Ener) Tj ET Q q 0 0 0 rg BT 122.75 742.10 Td (gy segment revenues of $4.6 billion, after elimination of intersegment revenues, increased by $658.0 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (\(17%\)during the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.86 730.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.69 730.10 Td (, compared to the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 730.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.48 730.10 Td (. See Note 10, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 519.36 730.10 Td (Segment ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (Reporting, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 718.10 Td (to our unaudited consolidated financial statements included in this Quarterly Report on Form 10-Q for eliminated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (amounts. Refined fuels revenues increased $546.7 million \(18%\) during the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.52 706.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.35 706.10 Td (, of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (approximately $412.7 million related to an increase in the net average selling price and $134.0 million related to an increase in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (sales volumes, compared to the same period in the previous year) Tj ET Q q 0 0 0 rg BT 307.43 682.10 Td (. ) Tj ET Q q 0 0 0 rg BT 312.25 682.10 Td (The sales price of refined fuels products increased $0.18 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (\(13%\) per gallon, and sales volumes increased by 4%, when compared to the same nine-month period of the previous year) Tj ET Q q 0 0 0 rg BT 539.02 670.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (Propane revenues increased $90.3 million \(21%\), of which $75.5 million was related to an increase in the net average selling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (price and $14.8 million was attributable to an increase in volumes. Propane sales volume increased 4%, and the average selling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (price of propane increased $0.1) Tj ET Q q 0 0 0 rg BT 175.41 634.10 Td (1 \(17%\)per gallon in comparison to the same period of the previous year) Tj ET Q q 0 0 0 rg BT 467.82 634.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 610.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 103.50 610.10 Td (Ag segment revenues of $19.3 billion, after elimination of intersegment revenues, increased $1.1 billion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (\(6%\)during the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.86 598.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.69 598.10 Td (, compared to the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.65 598.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.48 598.10 Td (. See Note 10, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 514.36 598.10 Td (Segment ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (Reporting, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 586.10 Td (to our unaudited consolidated financial statements included in this Quarterly Report on Form 10-Q for eliminated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (amounts. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 550.10 Td (Grain revenues in our ) Tj ET Q q 0 0 0 rg BT 174.86 550.10 Td (Ag segment totaled $13.5 billion and $1) Tj ET Q q 0 0 0 rg BT 335.30 550.10 Td (1.9 billion during the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.28 550.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.11 550.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (and 2016, respectively) Tj ET Q q 0 0 0 rg BT 139.60 538.10 Td (. Of the grain revenues increase of $1.5 billion \(13%\), approximately $305.2 million is due to increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (average grain selling prices and $1.2 billion is due to an increase in volume during the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.44 526.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.27 526.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (compared to the same period in the prior year) Tj ET Q q 0 0 0 rg BT 231.60 514.10 Td (. ) Tj ET Q q 0 0 0 rg BT 236.42 514.10 Td (The average sales price of all grain and oilseed commodities sold reflected an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (increase of $0.12 \(2%\) per bushelover the same nine-month period in the previous year) Tj ET Q q 0 0 0 rg BT 400.72 502.10 Td (. ) Tj ET Q q 0 0 0 rg BT 405.54 502.10 Td (Wheat, corn and soybean volumes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (increased by approximately 5% compared to the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.80 490.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.63 490.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 466.10 Td (Our processing and food ingredients revenues in our ) Tj ET Q q 0 0 0 rg BT 297.62 466.10 Td (Ag segment of $1.1 billion decreased $133.3 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (\(1) Tj ET Q q 0 0 0 rg BT 57.96 454.10 Td (1%\)during the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.49 454.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.32 454.10 Td (, compared to the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.28 454.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.11 454.10 Td (. ) Tj ET Q q 0 0 0 rg BT 464.93 454.10 Td (The net decrease in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (revenues is comprised of a $140.8 million decrease due to the sale of an international location in the prior year plus a $343.1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (million \(29%\) decrease in volumes, partially of) Tj ET Q q 0 0 0 rg BT 238.93 430.10 Td (fset by an increase in the average selling price of our oilseed products of $350.6 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (million compared to the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.35 418.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.18 418.10 Td (. ) Tj ET Q q 0 0 0 rg BT 287.00 418.10 Td (The average sales price of all oilseed commodities sold reflected an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (increase of $4.67 \(42%\) per bushel compared to the same period of the previous year) Tj ET Q q 0 0 0 rg BT 389.60 406.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 382.10 Td (Wholesale crop nutrient revenues in our ) Tj ET Q q 0 0 0 rg BT 248.17 382.10 Td (Ag segment totaled $1.5 billion, which decreased $104.2 million \(6%\) during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.76 370.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.59 370.10 Td (, compared to the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.55 370.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.38 370.10 Td (. Of the decrease noted, $392.9 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (was related to lower average fertilizer selling prices, partially of) Tj ET Q q 0 0 0 rg BT 305.82 358.10 Td (fset by an increase of $288.8 million due to higher volumes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (during the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.37 346.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.20 346.10 Td (, compared to the same period in the prior year) Tj ET Q q 0 0 0 rg BT 413.80 346.10 Td (. Our wholesale crop nutrient ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (volumes increased 18% compared with the same period in the previous year) Tj ET Q q 0 0 0 rg BT 354.07 334.10 Td (. ) Tj ET Q q 0 0 0 rg BT 358.89 334.10 Td (The average sales price of all fertilizers sold ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (reflected a decrease of $64.18 per ton \(20%\)compared with the same period of the previous year) Tj ET Q q 0 0 0 rg BT 437.34 322.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 298.10 Td (Our renewable fuels revenue from our marketing and production operations decreased $4.8 million \(less than 1%\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (during the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.37 286.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.20 286.10 Td (, when compared with the same period from the previous year) Tj ET Q q 0 0 0 rg BT 474.62 286.10 Td (. Our lower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (renewable fuels revenues are the result of a volume decrease of $66.2 million \(6%\), mostly of) Tj ET Q q 0 0 0 rg BT 424.97 274.10 Td (fset by a $61.4 million \(6%\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (increase in average selling prices during the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.03 262.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.86 262.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 238.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 103.50 238.10 Td (Ag segment other product revenues, primarily feed and farm supplies, of $1.9 billion decreased by $177.4 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (during the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.37 226.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.20 226.10 Td (, compared to the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.16 226.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.99 226.10 Td (. ) Tj ET Q q 0 0 0 rg BT 437.81 226.10 Td (The decrease was primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (the result of lower volumes in our country operations feed, plant food and sunflower sales.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 190.10 Td (T) Tj ET Q q 0 0 0 rg BT 91.41 190.10 Td (otal revenues include other revenues generated primarily within our ) Tj ET Q q 0 0 0 rg BT 364.37 190.10 Td (Ag segment and Corporate and Other) Tj ET Q q 0 0 0 rg BT 513.50 190.10 Td (. Our ) Tj ET Q q 0 0 0 rg BT 536.00 190.10 Td (Ag ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (segment's country operations elevators and agri-service centers derive other revenues from activities related to production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (agriculture, which include grain storage, grain cleaning, fertilizer spreading, crop protection spraying and other services of this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (nature, and our grain marketing operations receive other revenues at our export terminals from activities related to loading ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (vessels. Corporate and Other derives revenues primarily from our financing, hedging and insurance operations.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 118.10 Td (Cost of Goods Sold) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.51 118.10 Td (. Consolidated cost of goods sold was $23.1 billion for the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.37 118.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.20 118.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (compared to $21.3 billion for the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.73 106.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.56 106.10 Td (, which represents a $1.8 billion \(8%\)increase.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 82.10 Td (Our Ener) Tj ET Q q 0 0 0 rg BT 122.75 82.10 Td (gy segment cost of goods sold of $4.3 billion, after elimination of intersegment costs, increased by $769.9 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (million \(22%\)during the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.25 70.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.08 70.10 Td (, compared to the same period of the prior year) Tj ET Q q 0 0 0 rg BT 473.23 70.10 Td (. Refined fuels cost of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (goods sold increased $668.8 million \(23%\) and reflects a $0.24 \(18%\) per gallon increase in the average cost of refined fuels, a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (4% increase in volumes, when compared to the same period the previous year) Tj ET Q q 0 0 0 rg BT 360.73 46.10 Td (. For the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.88 46.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.71 46.10 Td (, the ) 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 (31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (cost of goods sold related to propane increased $59.5 million \(15%\),primarily from a 4% increase in volumes and an average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (cost increase of $0.13 \(23%\) per gallon, partially of) Tj ET Q q 0 0 0 rg BT 256.42 730.10 Td (fset by certain manufacturing changes which helped lower costs recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (by $46.0 million, when compared to the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.51 718.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.34 718.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 694.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 103.50 694.10 Td (Ag segment cost of goods sold of $18.8 billion, after elimination of intersegment costs, increased $1.0 billion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (\(6%\)during the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.86 682.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.69 682.10 Td (, compared to the same period of the prior year) Tj ET Q q 0 0 0 rg BT 436.84 682.10 Td (. Grain cost of goods sold in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.28 670.10 Td (Ag segment totaled $13.2 billion and $1) Tj ET Q q 0 0 0 rg BT 225.72 670.10 Td (1.7 billion during the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.70 670.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.53 670.10 Td (, and 2016, respectively) Tj ET Q q 0 0 0 rg BT 541.13 670.10 Td (. ) Tj ET Q q 0 0 0 rg BT 545.95 670.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (cost of grains and oilseed procured through our ) Tj ET Q q 0 0 0 rg BT 241.06 658.10 Td (Ag segment increased $1.5 billion \(13%\)compared to the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.83 646.10 Td (. ) Tj ET Q q 0 0 0 rg BT 110.65 646.10 Td (This is the result of an increase in volumes of 10% and an increase in the average cost per bushel of $0.1) Tj ET Q q 0 0 0 rg BT 529.03 646.10 Td (1 \(2%\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (for the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.92 634.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.75 634.10 Td (, when compared to the same period in the prior year) Tj ET Q q 0 0 0 rg BT 423.51 634.10 Td (. ) Tj ET Q q 0 0 0 rg BT 428.33 634.10 Td (The average month-end market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (price per bushel of soybeans and spring wheat increased while corn decreased slightly compared to the same period of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (previous year) Tj ET Q q 0 0 0 rg BT 103.59 610.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 586.10 Td (Our processing and food ingredients cost of goods sold in our ) Tj ET Q q 0 0 0 rg BT 334.58 586.10 Td (Ag segment of $1.0 billion decreased $143.0 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (\(12%\)during the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.86 574.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.69 574.10 Td (, compared to the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 574.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.48 574.10 Td (. ) Tj ET Q q 0 0 0 rg BT 465.30 574.10 Td (The net decrease is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (comprised of a $141.2 million decrease due to the sale of an international location in the prior year plus $335.3 million due to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (lower volumes, partially of) Tj ET Q q 0 0 0 rg BT 158.13 550.10 Td (fset by $333.5 million associated with a higher average cost. ) Tj ET Q q 0 0 0 rg BT 402.32 550.10 Td (T) Tj ET Q q 0 0 0 rg BT 407.73 550.10 Td (ypically) Tj ET Q q 0 0 0 rg BT 439.30 550.10 Td (, changes in costs are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (primarily due to changes in the cost of oilseeds purchased. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 514.10 Td (Wholesale crop nutrients cost of goods sold in our ) Tj ET Q q 0 0 0 rg BT 289.02 514.10 Td (Ag segment totaled $1.5 billion and decreased $141.2 million \(9%\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (during the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.37 502.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.20 502.10 Td (, compared to the same period of the prior year) Tj ET Q q 0 0 0 rg BT 414.35 502.10 Td (. ) Tj ET Q q 0 0 0 rg BT 419.17 502.10 Td (The decrease is comprised of a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (decrease in the average cost of fertilizer of $69.52 \(22%\) per ton, partially of) Tj ET Q q 0 0 0 rg BT 357.19 490.10 Td (fset by an 18% increase in the tons sold, when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (compared to the same period in the previous year) Tj ET Q q 0 0 0 rg BT 246.60 478.10 Td (.) 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 (Renewable fuels cost of goods sold associated with our marketing and production operations decreased $15.1 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (\(1%\) during the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.86 442.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.69 442.10 Td (, due to a decrease in volumes sold of 6% that was partially of) Tj ET Q q 0 0 0 rg BT 497.77 442.10 Td (fset by an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (increase in the average cost per gallon of 5%, when compared with the same period of the previous year) Tj ET Q q 0 0 0 rg BT 465.68 430.10 Td (. ) 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 103.50 406.10 Td (Ag segment other product cost of goods sold, primarily feed and farm supplies, decreased $434.6 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (\(25%\)during the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.86 394.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.69 394.10 Td (, compared to the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 394.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.48 394.10 Td (. ) Tj ET Q q 0 0 0 rg BT 465.30 394.10 Td (The decrease was due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (mostly to lower volumes when compared to the same period the previous year) Tj ET Q q 0 0 0 rg BT 362.14 382.10 Td (.) 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 ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 358.10 Td (Marketing, General and ) Tj ET Q q 0 0 0 rg BT 185.24 358.10 Td (Administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.13 358.10 Td (. Marketing, general and administrative expenses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.78 358.10 Td ($459.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.67 358.10 Td ( for the nine ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (months ended May 31, 2017, decreased $8.6 million \(1.8%\)compared to the nine months ended May 31, 2016. ) Tj ET Q q 0 0 0 rg BT 498.06 346.10 Td (This change ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (was primarily driven by lower accruals for incentive compensation compared to the prior year) Tj ET Q q 0 0 0 rg BT 425.85 334.10 Td (, partially of) Tj ET Q q 0 0 0 rg BT 474.82 334.10 Td (fset by increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (foreign currency exchange expenses. ) Tj ET Q q 0 0 0 rg BT 200.02 322.10 Td (The lower incentive accruals reflect current estimated performance against tar) Tj ET Q q 0 0 0 rg BT 511.63 322.10 Td (gets for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (full year) Tj ET Q q 0 0 0 rg BT 83.04 310.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 286.10 Td (Reserve and impairment char) Tj ET Q q 0 0 0 rg BT 204.21 286.10 Td (ges.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.04 286.10 Td (Reserve and impairment char) Tj ET Q q 0 0 0 rg BT 342.31 286.10 Td (ges of $414.0 million for the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.83 274.10 Td (, increased $380.1 million from the same nine-month period in fiscal 2016. ) Tj ET Q q 0 0 0 rg BT 408.08 274.10 Td (The fiscal 2016 char) Tj ET Q q 0 0 0 rg BT 489.81 274.10 Td (ges relate solely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (to bad debt expense. ) Tj ET Q q 0 0 0 rg BT 133.96 262.10 Td (The increase for the nine months ended May 31, 2017, primarily relates to a Brazil trading partner in our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (Ag segment entering into bankruptcy proceedings under Brazilian law during our third quarter of fiscal 2017, which resulted in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 238.10 Td (ges of $229.4 million. ) Tj ET Q q 0 0 0 rg BT 157.03 238.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 206.93 238.10 Td (, we recorded a $32.7 million impairment char) Tj ET Q q 0 0 0 rg BT 392.52 238.10 Td (ge associated with the cancellation of a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (capital project in our Ener) Tj ET Q q 0 0 0 rg BT 154.22 226.10 Td (gy segment during the third quarter of fiscal 2017. In addition, in fiscal 2017 we also recorded a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 214.10 Td (ge of $51.8 million related to the impairment of long-lived assets and goodwill in our ) Tj ET Q q 0 0 0 rg BT 410.30 214.10 Td (Ag segment. ) Tj ET Q q 0 0 0 rg BT 463.16 214.10 Td (The remaining increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (is attributable to loan loss reserve expense primarily related to a single producer borrower) Tj ET Q q 0 0 0 rg BT 408.49 202.10 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 178.10 Td (Gain/Loss on Investments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.33 178.10 Td (Loss on investments for the nine months ended May 31, 2017, was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 178.10 Td ($4.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.19 178.10 Td ( compared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (to a gain of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.76 166.10 Td ($9.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.66 166.10 Td ( for the nine months ended May 31, 2016. ) Tj ET Q q 0 0 0 rg BT 316.72 166.10 Td (The decrease is mainly attributed to the sale of an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (international location during the first quarter of fiscal 2017 which resulted in a loss. ) Tj ET Q q 0 0 0 rg BT 386.67 154.10 Td (The nine months ended May31, 2016 also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (experienced gains on bond transactions specific to our international operations that did not reoccur during the nine months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.38 130.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.21 130.10 Td (, which also contributed to the decrease.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 106.10 Td (Inter) Tj ET Q q 0 0 0 rg BT 105.07 106.10 Td (est expense. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.32 106.10 Td (Interest expense of $1) Tj ET Q q 0 0 0 rg BT 242.97 106.10 Td (17.4 million for the nine months ended May 31, 2017, increased $45.9 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (compared to the same period of the previous year) Tj ET Q q 0 0 0 rg BT 247.15 94.10 Td (. ) Tj ET Q q 0 0 0 rg BT 251.97 94.10 Td (The increase was due to higher interest expense of $23.3 million associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (with increased debt balances, as well as lower capitalized interest of $22.6 million associated with our ongoing capital projects. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 58.10 Td (Other income. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.71 58.10 Td (Other income totaled $70.4 million for the nine months ended May 31, 2017, an increase of $48.3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (million compared to the nine months ended May 31, 2016. ) Tj ET Q q 0 0 0 rg BT 287.00 46.10 Td (The increase was partially related to higher financing fees received ) 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 (32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (from various customer activities and receivables totaling $19.3 million. ) Tj ET Q q 0 0 0 rg BT 337.80 742.10 Td (The remaining increase was associated with an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (embedded derivative within the contract relating to our strategic investment in CF Nitrogen. See Note 1) Tj ET Q q 0 0 0 rg BT 464.52 730.10 Td (1, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 474.52 730.10 Td (Derivative Financial ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (Instruments and Hedging ) Tj ET Q q 0 0 0 rg BT 153.98 718.10 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.19 718.10 Td (, to our unaudited consolidated financial statements included in this Quarterly Report on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (Form 10-Q for more information on this embedded derivative.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 682.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 88.50 682.10 Td (Equity Income fr) Tj ET Q q 0 0 0 rg BT 155.33 682.10 Td (om Investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.26 682.10 Td (. Equity income from investments of $124.5 million for the nine months ended May ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (31, 2017, decreased $7.3 million \(5.5%\)compared to the nine months ended May 31, 2016. ) Tj ET Q q 0 0 0 rg BT 418.91 670.10 Td (The decrease was primarily related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (to lower equity income recognized from our equity method investment in ) Tj ET Q q 0 0 0 rg BT 345.58 658.10 Td (V) Tj ET Q q 0 0 0 rg BT 351.69 658.10 Td (entura Foods, which was partially of) Tj ET Q q 0 0 0 rg BT 497.59 658.10 Td (fset by higher ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (equity income recognized from our equity method investments in CF Nitrogen, ) Tj ET Q q 0 0 0 rg BT 369.20 646.10 Td (TEMCO, and ) Tj ET Q q 0 0 0 rg BT 425.59 646.10 Td (Ardent Mills. See Note 4, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (Investments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.21 634.10 Td (to our unaudited consolidated financial statements included in this Quarterly Report on Form 10-Q for more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (information. ) Tj ET Q q 0 0 0 rg BT 102.03 622.10 Td (W) Tj ET Q q 0 0 0 rg BT 110.67 622.10 Td (e record equity income or loss from the investments in which we have an ownership interest of 50% or less and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (have significant influence, but not control, for our proportionate share of income or loss reported by the entity) Tj ET Q q 0 0 0 rg BT 488.95 610.10 Td (, without ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (consolidating the revenues and expenses of the entity in our Consolidated Statements of Operations.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 574.10 Td (Income T) Tj ET Q q 0 0 0 rg BT 122.57 574.10 Td (axes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.34 574.10 Td (W) Tj ET Q q 0 0 0 rg BT 153.98 574.10 Td (e recorded income tax benefit of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.14 574.10 Td ($137.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.03 574.10 Td ( for the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.45 574.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.28 574.10 Td (, compared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (to an income tax benefit of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.96 562.10 Td ($17.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.85 562.10 Td ( for the nine months ended May 31, 2016, resulting in ef) Tj ET Q q 0 0 0 rg BT 439.46 562.10 Td (fective tax rates of \(344.5\)% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (and \(4.4%\), respectively) Tj ET Q q 0 0 0 rg BT 147.09 550.10 Td (. ) Tj ET Q q 0 0 0 rg BT 151.91 550.10 Td (The tax benefit for the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.86 550.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.69 550.10 Td (, is primarily due to the recognition of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (deferred tax benefits related to the issuance of non-qualified equity certificates in fiscal 2013 and 2014 and the bad debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (deduction in our U.S. tax returns related to the performance of guarantees caused by an approximately $230.0 million loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (related to a Brazilian trading partner of ours entering into bankruptcy proceedings under Brazilian law) Tj ET Q q 0 0 0 rg BT 458.09 514.10 Td (.) Tj ET Q q 0 0 0 rg BT 462.91 514.10 Td (The federal and state ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (statutory rate applied to nonpatronage business activity was 38.3% for both the nine months ended May 31, 2017, and 2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (The income taxes and ef) Tj ET Q q 0 0 0 rg BT 147.55 490.10 Td (fective tax rate vary each year based upon profitability and nonpatronage business activity during each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (of the comparable years. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (Liquidity and Capital Resour) Tj ET Q q 0 0 0 rg BT 175.68 454.10 Td (ces) Tj ET Q BT /F1 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 (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 50.00 418.10 Td (our applicable financial covenants. ) Tj ET Q q 0 0 0 rg BT 191.70 418.10 Td (W) Tj ET Q q 0 0 0 rg BT 200.34 418.10 Td (e fund our operations through a combination of cash flows from operations and revolving ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (credit facilities. ) Tj ET Q q 0 0 0 rg BT 114.51 406.10 Td (W) Tj ET Q q 0 0 0 rg BT 123.15 406.10 Td (e fund our capital expenditures and growth primarily through cash, operating cash flow and long-term debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (financing.) 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 (On ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.72 370.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.55 370.10 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 466.45 370.10 Td (31) Tj ET Q q 0 0 0 rg BT 476.08 370.10 Td (1.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.97 370.10 Td ( and a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (current ratio, defined as current assets divided by current liabilities, of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.96 358.10 Td (1.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.46 358.10 Td ( compared to working capital of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.97 358.10 Td ($414.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.86 358.10 Td ( and a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (current ratio of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.47 346.10 Td (1.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.97 346.10 Td ( on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.42 346.10 Td (August31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.81 346.10 Td (. On ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.53 346.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.36 346.10 Td (, we had working capital of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.27 346.10 Td ($825.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.16 346.10 Td ( and a current ratio of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.01 346.10 Td (1.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.51 346.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (compared to working capital of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.01 334.10 Td ($2.8 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.13 334.10 Td ( and a current ratio of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.97 334.10 Td (1.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.47 334.10 Td ( on ) Tj ET Q q 0 0 0 rg BT 339.92 334.10 Td (August 31, 2015. ) Tj ET Q q 0 0 0 rg BT 411.13 334.10 Td (The decrease in working capital as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (May 31, 2017, was driven primarily by the impairment of two lar) Tj ET Q q 0 0 0 rg BT 311.15 322.10 Td (ge receivables during the fiscal year and increased short-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (borrowings primarily associated with seasonal increases in inventory levels. ) Tj ET Q q 0 0 0 rg BT 356.41 310.10 Td (W) Tj ET Q q 0 0 0 rg BT 365.04 310.10 Td (e have and will continue to take action to extend ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (accounts payable terms to be more in line with industry peers, which is part of our actions to actively manage working capital.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 274.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.44 274.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.27 274.10 Td (, we had cash and cash equivalents of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.72 274.10 Td ($267.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.61 274.10 Td (, total equities of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.32 274.10 Td ($7.9 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.43 274.10 Td (, long-term debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.83 262.10 Td ($2.2 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.94 262.10 Td ( and notes payable of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.41 262.10 Td ($3.3 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.53 262.10 Td (. Our capital allocation priorities include maintaining the safety and compliance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (of our assets, paying our dividends, paying down funded debt and taking advantage of strategic opportunities that benefit our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (owners. For the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.03 238.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.86 238.10 Td (, cash flow from operations and proceeds from lines of credit were used ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (primarily to finance the purchases of inventory) Tj ET Q q 0 0 0 rg BT 237.07 226.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 202.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 202.10 Td (e expect the down cycle in the ) Tj ET Q q 0 0 0 rg BT 217.65 202.10 Td (Ag industry to continue and while we maintain appropriate levels of liquidity) Tj ET Q q 0 0 0 rg BT 526.09 202.10 Td (, we will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (continue to consider opportunities to further diversify and enhance our sources and amount of liquidity) Tj ET Q q 0 0 0 rg BT 460.91 190.10 Td (. ) Tj ET Q q 0 0 0 rg BT 465.73 190.10 Td (These opportunities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (include reducing operating expenses, deploying and/or financing working capital more ef) Tj ET Q q 0 0 0 rg BT 407.20 178.10 Td (ficiently and identifying and disposing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (of non-strategic or under) Tj ET Q q 0 0 0 rg BT 148.93 166.10 Td (-performing assets. ) Tj ET Q q 0 0 0 rg BT 227.90 166.10 Td (W) Tj ET Q q 0 0 0 rg BT 236.53 166.10 Td (e believe that cash generated by operating activities, along with available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (borrowing capacity under our credit facilities, will be suf) Tj ET Q q 0 0 0 rg BT 277.80 154.10 Td (ficient to support our operations for the foreseeable future and we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (expect to continue to be in compliance with our various loan covenants. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 118.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 118.10 Td (e expect to utilize cash and cash equivalents, along with cash generated by operating activities, to fund our fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (2017 capital expenditures. ) Tj ET Q q 0 0 0 rg BT 158.00 106.10 Td (For fiscal 2017, we expect total capital expenditures to be approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.79 106.10 Td ($500.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.69 106.10 Td (, but the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (level of expenditures remains under review by management. Included in that amount is approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.26 94.10 Td ($227.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.15 94.10 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (acquisition of property) Tj ET Q q 0 0 0 rg BT 140.44 82.10 Td (, plant and equipment and major repairs at our Laurel, Montana and McPherson, Kansas refineries. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (fiscal 2013, we began a $366.7 million expansion at our McPherson, Kansas refinery which was completed and operational in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (the first quarter of fiscal 2017. ) Tj ET Q q 0 0 0 rg BT 173.95 58.10 Td (W) Tj ET Q q 0 0 0 rg BT 182.58 58.10 Td (e incurred $5.3 million of costs related to the expansion during the first three quarters of fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (2017 and $49.2 million during fiscal 2016. ) 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 (33) 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 addition, as a result of losses caused by a trading partner of ours in Brazil entering into bankruptcy proceedings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (under Brazilian law) Tj ET Q q 0 0 0 rg BT 128.21 718.10 Td (, we intend to fund approximately $230 million in loan guarantees to our Brazilian operations in the next 12 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (months. It is our intention to fund this through a combination of sources including cash flow and the liquidity enhancement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (actions noted above.) 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 BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.44 670.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.27 670.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.66 670.10 Td (August31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.05 670.10 Td (, we had a five-year) Tj ET Q q 0 0 0 rg BT 332.77 670.10 Td (, unsecured revolving credit facility with a syndication of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (domestic and international banks and a committed amount of $3.0 billion which expires in September 2020. ) Tj ET Q q 0 0 0 rg BT 483.80 658.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.24 658.10 Td (May31, ) 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 (, we had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.10 646.10 Td ($1.1 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.21 646.10 Td ( outstanding under this facility) Tj ET Q q 0 0 0 rg BT 273.76 646.10 Td (.) 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 ( ) 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 (During the year ended ) Tj ET Q q 0 0 0 rg BT 177.08 622.10 Td (August 31, 2016, we entered into three bilateral, uncommitted revolving credit facilities with an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (aggregate capacity of $1.3 billion. ) Tj ET Q q 0 0 0 rg BT 188.56 610.10 Td (Amounts borrowed under these short-term lines are used to fund our working capital and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (bear interest at base rates \(or London Interbank Of) Tj ET Q q 0 0 0 rg BT 251.96 598.10 Td (fered Rates \("LIBOR"\)\) plus applicable mar) Tj ET Q q 0 0 0 rg BT 428.49 598.10 Td (gins ranging from 0.25% to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (1.00%. ) Tj ET Q q 0 0 0 rg BT 80.28 586.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.72 586.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.55 586.10 Td (, one credit facility remained with an aggregate capacity of $250.0 million with $250.0 million of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (outstanding borrowings. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 550.10 Td (In addition, our wholly owned subsidiary) Tj ET Q q 0 0 0 rg BT 250.33 550.10 Td (, CHS Capital, LLC \("CHS Capital"\), makes seasonal and term loans to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (member cooperatives, businesses and individual producers of agricultural products included in our cash flows from investing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (activities, and has its own financing sources as explained in further detail below under ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 397.40 526.10 Td (Cash Flows fr) Tj ET Q q 0 0 0 rg BT 459.27 526.10 Td (om Financing ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (Activities.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 490.10 Td (On May 31, 2017, we had a securitization facility \(Securitization Facility or the "Facility\) of $750 million. ) Tj ET Q q 0 0 0 rg BT 527.56 490.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (facility provides us the option to fund through securitization certain of our accounts receivable, as well as CHS Capital loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (receivable and certain related property) Tj ET Q q 0 0 0 rg BT 203.15 466.10 Td (. ) Tj ET Q q 0 0 0 rg BT 207.97 466.10 Td (The Facility is with two financial institutions, with one acting as administrative agent, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (and various conduit purchasers, committed purchasers, and purchase agents. ) Tj ET Q q 0 0 0 rg BT 357.50 454.10 Td (The Securitization Facility provides us with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (option for an additional source of liquidity) Tj ET Q q 0 0 0 rg BT 219.32 442.10 Td (, thereby increasing our financial flexibility) Tj ET Q q 0 0 0 rg BT 392.50 442.10 Td (. ) Tj ET Q q 0 0 0 rg BT 397.31 442.10 Td (The amount of funding outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (against the facility at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.08 430.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.91 430.10 Td (, was $618.0 million, of which $194.2 million was outstanding against our securitized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (accounts receivable.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 394.10 Td (Cash Flows from Operations) 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 (Cash flows provided from operations are generally af) Tj ET Q q 0 0 0 rg BT 299.36 370.10 Td (fected by commodity prices and the seasonality of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (businesses. ) Tj ET Q q 0 0 0 rg BT 97.04 358.10 Td (These commodity prices are influenced by a wide range of factors beyond our control, including weather) Tj ET Q q 0 0 0 rg BT 516.49 358.10 Td (, crop ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (conditions, drought, the availability and the adequacy of supply and transportation, government regulations and policies, world ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (events and general political and economic conditions. ) Tj ET Q q 0 0 0 rg BT 266.97 334.10 Td (These factors may af) Tj ET Q q 0 0 0 rg BT 350.36 334.10 Td (fect net operating assets and liabilities and liquidity) Tj ET Q q 0 0 0 rg BT 555.49 334.10 Td (.) 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 (Our operating activities generated net cash of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.09 310.10 Td ($204.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.98 310.10 Td ( during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.09 310.10 Td (the nine months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.35 310.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.85 310.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.68 310.10 Td (. ) Tj ET Q q 0 0 0 rg BT 513.50 310.10 Td (The cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (provided by operating activities resulted from an increase in cash flows due to net non-cash expenses and cash distributions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (from equity investments of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.54 286.10 Td ($675.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.43 286.10 Td ( and net income of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.35 286.10 Td ($177.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.24 286.10 Td (, partially of) Tj ET Q q 0 0 0 rg BT 404.21 286.10 Td (fset by a decrease in cash flows due to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (changes in net operating assets and liabilities of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.28 274.10 Td ($648.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.17 274.10 Td (. ) Tj ET Q q 0 0 0 rg BT 306.99 274.10 Td (The primary components of net non-cash expenses and cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (distributions from equity investments included depreciation and amortization, including amortization of major repair costs, of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td ($412.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.89 250.10 Td (, provision for doubtful accounts of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.03 250.10 Td ($198.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.92 250.10 Td (, deferred tax benefits of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.43 250.10 Td ($145.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.32 250.10 Td (, long-lived asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (impairments of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.32 238.10 Td ($85.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.21 238.10 Td ( and net equity investment activity of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.56 238.10 Td ($19.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.46 238.10 Td (. ) Tj ET Q q 0 0 0 rg BT 377.28 238.10 Td (The decreased cash flows from changes in net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (operating assets and liabilities were caused primarily by increased inventory purchases, additional supplier advance payments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (and decreases in derivative liabilities, partially of) Tj ET Q q 0 0 0 rg BT 246.69 214.10 Td (fset by increases in accounts payable and accrued expenses and decreases in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (derivative assets. Cash expenditures for grain and oilseed inventory purchases increased primarily due to increasing commodity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (prices during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.99 190.10 Td (the nine months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.24 190.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.74 190.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.57 190.10 Td (. On ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.30 190.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.13 190.10 Td (, the per) Tj ET Q q 0 0 0 rg BT 361.41 190.10 Td (-bushel market prices of wheat and corn had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (increased by $0.86 \(18%\) and $0.71 \(23%\), respectively) Tj ET Q q 0 0 0 rg BT 274.83 178.10 Td (, when compared to spot prices on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.69 178.10 Td (August31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.08 178.10 Td (. ) Tj ET Q q 0 0 0 rg BT 484.53 178.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 534.43 178.10 Td (, crude ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (oil market prices increased by $3.62 \(8%\) per barrel on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.53 166.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.36 166.10 Td (, compared to the price on ) Tj ET Q q 0 0 0 rg BT 435.71 166.10 Td (August 31, 2016. Fertilizer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (commodity prices were mixed.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 130.10 Td (Our operating activities generated net cash of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.09 130.10 Td ($262.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.98 130.10 Td ( during the nine months ended May31, 2016. ) Tj ET Q q 0 0 0 rg BT 513.50 130.10 Td (The cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (provided by operating activities resulted from net income of $425.7 million and net non-cash expenses and cash distributions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (from equity investments of $280.8 million, partially of) Tj ET Q q 0 0 0 rg BT 268.40 106.10 Td (fset by a decrease in cash flows due to changes in net operating assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (and liabilities of $443.7 million. ) Tj ET Q q 0 0 0 rg BT 181.20 94.10 Td (The primary components of net non-cash expenses and cash distributions from equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (investments included depreciation and amortization, including amortization of major repair costs, of $380.0 million, partially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 70.10 Td (fset by net equity investment activity of $56.4 million and gains on our crack spread contingent consideration liability of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td ($51.3 million. ) Tj ET Q q 0 0 0 rg BT 108.71 58.10 Td (The decrease in cash flows from changes in net operating assets and liabilities was caused primarily by an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (increase in grain and oilseed inventory and supplier advances, partially of) Tj ET Q q 0 0 0 rg BT 344.44 46.10 Td (fset by a decrease in receivables. Grain and oilseed ) 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 (34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (inventory increases were driven by increases in volumes on hand \(7% increase primarily due to decreased demand for grain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (exports\) combined with increasing commodity prices. On May31, 2016, the per) Tj ET Q q 0 0 0 rg BT 370.84 730.10 Td (-bushel market prices of wheat, soybeans and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (corn had increased by $0.24 \(5%\), $1.81 \(20%\), and $0.13 \(3%\), respectively) Tj ET Q q 0 0 0 rg BT 359.53 718.10 Td (, when compared to spot prices on ) Tj ET Q q 0 0 0 rg BT 498.39 718.10 Td (August31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (2015. Comparing the same periods, fertilizer commodity prices af) Tj ET Q q 0 0 0 rg BT 313.63 706.10 Td (fecting our wholesale crop nutrients and country operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (retail businesses experienced decreases ranging from 9% to 36%, depending on the product. ) Tj ET Q q 0 0 0 rg BT 420.16 694.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 470.06 694.10 Td (, crude oil market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (prices decreased by $0.10 \(0.2%\) per barrel on May31, 2016, compared to the price on ) Tj ET Q q 0 0 0 rg BT 401.55 682.10 Td (August 31, 2015.) 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 operating cash needs have historically been the lowest during our fourth fiscal quarter as by that time, we have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (sold a lar) Tj ET Q q 0 0 0 rg BT 86.47 646.10 Td (ge portion of our seasonal agronomy-related inventories in our ) Tj ET Q q 0 0 0 rg BT 338.91 646.10 Td (Ag segment operations and continue to collect cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (from the related receivables. ) Tj ET Q q 0 0 0 rg BT 166.15 634.10 Td (W) Tj ET Q q 0 0 0 rg BT 174.79 634.10 Td (e cannot ensure this historical trend will continue. ) Tj ET Q q 0 0 0 rg BT 376.49 634.10 Td (W) Tj ET Q q 0 0 0 rg BT 385.13 634.10 Td (e believe that we have adequate capacity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (through our current cash balances and committed credit facilities to meet any increase in net operating assets and liabilities.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 598.10 Td (Cash Flows from Investing ) Tj ET Q q 0 0 0 rg BT 182.10 598.10 Td (Activities) 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 (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.39 574.10 Td (the nine months ended May 31, 2017, and 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.92 574.10 Td (, the net cash used in our investing activities totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.04 574.10 Td ($374.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.93 574.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 562.10 Td ($3.6 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.05 562.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 165.71 562.10 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 (W) Tj ET Q q 0 0 0 rg BT 94.64 538.10 Td (e acquired property) Tj ET Q q 0 0 0 rg BT 171.73 538.10 Td (, plant and equipment totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.92 538.10 Td ($298.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.82 538.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.25 538.10 Td ($557.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.15 538.10 Td ( during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.25 538.10 Td (the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (May 31, 2017, and 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.77 526.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 200.43 526.10 Td (. ) 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 (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.39 502.10 Td (the nine months ended May 31, 2017, and 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.92 502.10 Td (, turnaround expenditures were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.82 502.10 Td ($1.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.71 502.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 502.10 Td ($19.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.04 502.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 490.10 Td (. Refineries have planned major maintenance to overhaul, repair) Tj ET Q q 0 0 0 rg BT 353.82 490.10 Td (, inspect and replace process materials and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (equipment which typically occur for a five to six week period every two to fouryears. ) 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 (Investments in joint ventures and other entities during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.29 454.10 Td (the nine months ended May 31, 2017, and 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.82 454.10 Td (, totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.53 454.10 Td ($13.9 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 442.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.33 442.10 Td ($2.8 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.44 442.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 197.10 442.10 Td (. ) Tj ET Q q 0 0 0 rg BT 201.92 442.10 Td (The primary driver of the change from fiscal 2016 to fiscal 2017 was our $2.8 billion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (investment in CF Nitrogen that was consummated on February 1, 2016. ) 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 (Changes in notes receivable and customer financing during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.37 406.10 Td (the nine months ended May 31, 2017, and 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.90 406.10 Td (, resulted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (in net decreases in cash flows of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.90 394.10 Td ($95.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.79 394.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.23 394.10 Td ($239.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.12 394.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 366.78 394.10 Td (. ) Tj ET Q q 0 0 0 rg BT 371.60 394.10 Td (The primary cause of the change in cash flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (during both periods relates to increased CHS Capital lending. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 358.10 Td (Cash Flows from Financing ) Tj ET Q q 0 0 0 rg BT 187.11 358.10 Td (Activities) 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 (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.39 334.10 Td (the nine months ended May 31, 2017, and 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.92 334.10 Td (, our financing activities provided net cash of $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.47 334.10 Td (155.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.37 334.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.00 322.10 Td (2.7 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.11 322.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 148.77 322.10 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (W) Tj ET Q q 0 0 0 rg BT 57.41 298.10 Td (orking Capital Financing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 274.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 274.10 Td (e finance our working capital needs through lines of credit with domestic and international banks. On ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.58 274.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.41 274.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (we had a five-year) Tj ET Q q 0 0 0 rg BT 123.72 262.10 Td (, unsecured, revolving facility with a committed amount of $3.0 billion and $1.1 billion outstanding.) 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 (In addition to our primary revolving line of credit, we have a three-year $325.0 million committed revolving pre-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (export credit facility for CHS ) Tj ET Q q 0 0 0 rg BT 169.69 226.10 Td (Agronegocio Industria e Comercio Ltda \("CHS ) Tj ET Q q 0 0 0 rg BT 360.96 226.10 Td (Agronegocio"\), our wholly-owned subsidiary in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (Brazil, to provide financing for its working capital needs arising from its purchases and sales of grains, fertilizers and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (agricultural products which expires in ) Tj ET Q q 0 0 0 rg BT 203.57 202.10 Td (April 2019. ) Tj ET Q q 0 0 0 rg BT 251.63 202.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.07 202.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.90 202.10 Td (, the outstanding balance under this facility was $245.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (million.) 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 (During the year ended ) Tj ET Q q 0 0 0 rg BT 177.08 166.10 Td (August 31, 2016, we entered into three bilateral, uncommitted revolving credit facilities with an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (aggregate capacity of $1.3 billion. ) Tj ET Q q 0 0 0 rg BT 188.56 154.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.01 154.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.84 154.10 Td (, one credit facility remained with an aggregate capacity of $250.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (million with $250.0 million of outstanding borrowings. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 118.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.44 118.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.27 118.10 Td (, our wholly-owned subsidiaries, CHS Europe S.a.r) Tj ET Q q 0 0 0 rg BT 370.70 118.10 Td (.l and CHS ) Tj ET Q q 0 0 0 rg BT 416.82 118.10 Td (Agronegocio, had uncommitted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (lines of credit of $537.2 million outstanding. In addition, our other international subsidiaries had lines of credit totaling $265.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (million outstanding at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.27 94.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.10 94.10 Td (, of which $12.6 million was collateralized. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 70.10 Td (On ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.72 70.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.55 70.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.94 70.10 Td (August31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.33 70.10 Td (, we had total short-term indebtedness outstanding on these various facilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (and other miscellaneous short-term notes payable totaling $2.5 billion and $1.8 billion, respectively) Tj ET Q q 0 0 0 rg BT 447.87 58.10 Td (. ) 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 (35) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (CHS Capital Financing) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 715.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 715.70 Td (Cofina Funding, LLC \("Cofina Funding"\), a wholly-owned subsidiary of CHS Capital, had available credit totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 703.70 Td ($750.0 million as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.05 703.70 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.88 703.70 Td (, under note purchase agreements with various purchasers and through the issuance of short-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 691.70 Td (term notes payable. CHS Capital and CHS Inc. both sell eligible receivables they have originated to Cofina Funding, which are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 679.70 Td (then pledged as collateral under the note purchase agreements. ) Tj ET Q q 0 0 0 rg BT 302.49 679.70 Td (The notes payable issued by Cofina Funding bear interest at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 667.70 Td (variable rates based on commercial paper with a weighted average rate of 1.82% as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.51 667.70 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.34 667.70 Td (. ) Tj ET Q q 0 0 0 rg BT 457.16 667.70 Td (There were $618.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 655.70 Td (million in borrowings by Cofina Funding utilizing the issuance of commercial paper under the note purchase agreements as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.70 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.83 643.70 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.70 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 625.70 Td (CHS Capital has available credit under master participation agreements with numerous counterparties. Borrowings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.70 Td (under these agreements are accounted for as secured borrowings and bear interest at variable rates ranging from 2.63% to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.70 Td (4.45% as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.99 601.70 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.82 601.70 Td (. ) Tj ET Q q 0 0 0 rg BT 160.27 601.70 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.71 601.70 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.54 601.70 Td (, the total funding commitment under these agreements was $170.7 million, of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.70 Td (which $53.5 million was borrowed. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 571.70 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 571.70 Td (CHS Capital sells loan commitments it has originated to ProPartners Financial \("ProPartners"\) on a limited recourse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 559.70 Td (basis. ) Tj ET Q q 0 0 0 rg BT 74.82 559.70 Td (The total capacity for commitments under the ProPartners program is $265.0 million. ) Tj ET Q q 0 0 0 rg BT 418.45 559.70 Td (The total outstanding commitments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 547.70 Td (under the program totaled $201.2 million as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.13 547.70 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.96 547.70 Td (, of which $92.9 million was borrowed under these commitments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 535.70 Td (with an interest rate of 2.28%. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 517.70 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 517.70 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 50.00 505.70 Td (program are unsecured and bear interest at variable rates ranging from 0.10% to 0.90% as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.08 505.70 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.91 505.70 Td (, and are due upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.70 Td (demand. Borrowings under these notes totaled $92.1 million as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.06 493.70 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.89 493.70 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.70 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 469.70 Td (Long-term Debt Financing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.70 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 445.70 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 445.70 Td (e use long-term debt agreements with various insurance companies and banks to finance certain of our long-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.70 Td (capital needs, primarily those related to the acquisition of property) Tj ET Q q 0 0 0 rg BT 315.38 433.70 Td (, plant and equipment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.70 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 409.70 Td (On ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.72 409.70 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.55 409.70 Td (, we had total long-term debt outstanding of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.57 409.70 Td ($2.2 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.68 409.70 Td (, of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.45 409.70 Td ($1.6 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.56 409.70 Td ( was private placement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.70 Td (debt, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.22 397.70 Td ($460.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.11 397.70 Td ( was bank financing, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.36 397.70 Td ($80.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.25 397.70 Td ( was capital lease obligations and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.32 397.70 Td ($60.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.21 397.70 Td ( was other notes and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.70 Td (contracts payable. On ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.86 385.70 Td (August31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.25 385.70 Td (, we had total long-term debt outstanding of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.27 385.70 Td ($2.3 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.38 385.70 Td (. Our long-term debt is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.70 Td (unsecured; however) Tj ET Q q 0 0 0 rg BT 129.84 373.70 Td (, restrictive covenants under various agreements have requirements for maintenance of minimum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.70 Td (consolidated net worth and other financial ratios. ) Tj ET Q q 0 0 0 rg BT 248.09 361.70 Td (W) Tj ET Q q 0 0 0 rg BT 256.73 361.70 Td (e were in compliance with all debt covenants and restrictions as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.97 361.70 Td (May31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.70 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 349.70 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.70 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 325.70 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.83 325.70 Td (the nine months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.09 325.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.59 325.70 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.42 325.70 Td (, we re-advanced $130.0 million under the revolving provision of our ten-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.70 Td (year term loan with a syndication of banks that was originally arranged in September 2015. ) Tj ET Q q 0 0 0 rg BT 417.50 313.70 Td (The terms of the re-advance are the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.70 Td (same as the original term loan, with principal due on September 4, 2025, and interest calculated at LIBOR plus an applicable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.70 Td (mar) Tj ET Q q 0 0 0 rg BT 65.37 289.70 Td (gin ranging between 1.50% and 2.00%. During the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.19 289.70 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.02 289.70 Td (, we consummated a private placement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.70 Td (of long-term notes in the aggregate principal amount of $680.0 million. In addition, we entered into the aforementioned $600.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.70 Td (million ten-year term loan. During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.52 265.70 Td (the nine months ended May 31, 2017, and 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.04 265.70 Td (, we repaid long-term debt of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.17 265.70 Td ($148.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.06 265.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 253.70 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 253.70 Td ($220.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.83 253.70 Td (, respectively) Tj ET Q q 0 0 0 rg BT 178.49 253.70 Td (. ) Tj ET Q q 0 0 0 rg BT 194.00 253.70 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 229.70 Td (Other Financing) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 205.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 205.70 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.83 205.70 Td (the nine months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.09 205.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.59 205.70 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.42 205.70 Td (, pursuant to our agreement to acquire the remaining noncontrolling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.70 Td (interests in CHS McPherson Refinery) Tj ET Q q 0 0 0 rg BT 200.44 193.70 Td (, Inc. \(formerly National Cooperative Refinery ) Tj ET Q q 0 0 0 rg BT 389.27 193.70 Td (Association\), we made a payment of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.70 Td ($153.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.89 181.70 Td (, increasing our ownership to 100.0%. ) Tj ET Q q 0 0 0 rg BT 263.40 181.70 Td (There was no corresponding payment during the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.70 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.83 169.70 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.70 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 145.70 Td (Changes in checks and drafts outstanding resulted in a decrease in cash flows of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.68 145.70 Td ($1) Tj ET Q q 0 0 0 rg BT 418.31 145.70 Td (18.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.20 145.70 Td ( for the nine months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.70 Td (ended May 31, 2017, and a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.08 133.70 Td ($1.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.98 133.70 Td ( increase in cash flows during the nine months ended May 31, 2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.70 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 109.70 Td (In accordance with our bylaws and upon approval by 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 97.70 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 97.70 Td (. Patronage refunds are calculated based on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 85.70 Td (amounts using financial statement earnings. ) Tj ET Q q 0 0 0 rg BT 227.55 85.70 Td (The cash portion of a patronage distribution, if any) Tj ET Q q 0 0 0 rg BT 430.46 85.70 Td (, is determined annually by our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 73.70 Td (Board of Directors, with the balance issued in the form of qualified and/or non-qualified capital equity certificates. Consenting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 61.70 Td (patrons have agreed to take both the cash and qualified capital equity certificate portion allocated to them from our previous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 49.70 Td (fiscal year) Tj ET Q q 0 0 0 rg BT 91.73 49.70 Td () Tj ET Q q 0 0 0 rg BT 94.51 49.70 Td (s income into their taxable income; and as a result, we are allowed a deduction from our taxable income for both the ) 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 (36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (cash distribution and the allocated qualified capital equity certificates, as long as the cash distribution is at least 20% of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (total qualified patronage distribution. Patronage earnings from the year ended ) Tj ET Q q 0 0 0 rg BT 362.40 730.10 Td (August 31, 2016, were distributed during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.60 730.10 Td (the nine ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.83 718.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.33 718.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.16 718.10 Td (. ) Tj ET Q q 0 0 0 rg BT 168.97 718.10 Td (The cash portion of this distribution, deemed by our Board of Directors to be 40%, was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.57 718.10 Td ($103.9 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 706.10 Td (. During the nine months ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.48 706.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.31 706.10 Td (, we distributed cash patronage of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.77 706.10 Td ($253.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.66 706.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td ( ) 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 (Redemptions of capital equity certificates approved by our Board of Directors are divided into two pools, one for non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (individuals \(primarily member cooperatives\) who may participate in an annual redemption program for qualified equities held ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (by them and another for individual members who are eligible for equity redemptions at age70 or upon death. Beginning with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (fiscal 2017 patronage \(for which distributions will be made in fiscal 2018\), individual members will also be able to participate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (in an annual redemption program similar to the one that was previously only available to non-individual members. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (accordance with authorization from our Board of Directors, we expect total redemptions related to the year ended ) Tj ET Q q 0 0 0 rg BT 505.93 622.10 Td (August 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (2016, and 2015, that will be redeemed in fiscal 2017, to be approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.70 610.10 Td ($58.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.59 610.10 Td (, of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.36 610.10 Td ($25.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.25 610.10 Td ( was redeemed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (in cash during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.16 598.10 Td (the nine months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.41 598.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.91 598.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.74 598.10 Td (, compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.95 598.10 Td ($17.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.84 598.10 Td ( redeemed in cash during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.86 598.10 Td (the nine months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.88 586.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.38 586.10 Td (May31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.21 586.10 Td (. ) 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 (On March 30, 2017, we issued an additional 695,390 shares of Class B Series 1 Preferred Stock to redeem ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (approximately $20.0 million of qualified equity certificates to eligible owners. Each share of Class B Series 1 Preferred Stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (was issued in redemption of $28.74 of qualified equity certificates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 514.10 Td (During the three months ended May31, 2017, our Board of Directors adopted a resolution to treat equity redemptions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (for non-qualified equity certificates issued in fiscal 2013 and fiscal 2014 in the same manner as qualified equity certificates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (under the Board's Policy for the Redemption of CHS Inc. Equities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 466.10 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 361.49 466.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.32 466.10 Td (, each series of which is listed on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (the Global Select Market of NASDAQ: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 393.60 131.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 180.50 393.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 184.50 393.60 45.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.50 393.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.50 393.60 47.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 393.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 393.60 71.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 393.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 393.60 50.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 393.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 393.60 45.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 393.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 393.60 46.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 393.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 393.60 49.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 343.60 131.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 180.50 343.60 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 184.50 343.60 45.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.50 343.60 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.50 343.60 47.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 343.60 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 343.60 71.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 343.60 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 343.60 50.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 343.60 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 343.60 45.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 343.60 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 343.60 46.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 343.60 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 343.60 49.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 273.60 131.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 180.50 273.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 184.50 273.60 45.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.50 273.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 233.50 273.60 47.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 273.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 273.60 71.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 273.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 273.60 50.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 273.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 273.60 45.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 273.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 273.60 46.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 273.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 273.60 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 180.5 414.6 m 184.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 184.5 414.6 m 229.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233.5 414.6 m 280.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 414.6 m 355.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 414.6 m 409.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 414.6 m 458.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 414.6 m 508.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 414.6 m 561.5 414.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 189.60 426.83 Td (NASDAQ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 194.25 418.83 Td (symbol) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 241.80 426.83 Td (Issuance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 249.15 418.83 Td (date) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 308.00 426.83 Td (Shares) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.25 418.83 Td (outstanding) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.10 426.83 Td (Redemption) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 374.85 418.83 Td (value) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.90 426.83 Td (Dividend) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.05 418.83 Td (rate \(a\) \(b\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.40 434.83 Td (Dividend) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 470.10 426.83 Td (payment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 467.95 418.83 Td (frequency) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.60 434.83 Td (Redeemable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.60 426.83 Td (beginning) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.05 418.83 Td (\(c\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.85 405.83 Td (\(Dollars in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.10 397.83 Td (millions\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 373.06 Td (8% Cumulative Redeemable) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 192.40 373.06 Td (CHSCP) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.50 373.06 Td (\(d\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.65 373.27 Td (12,272,003) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 373.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.75 373.06 Td (306.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.25 373.06 Td (8.000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.50 373.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 467.75 373.06 Td (Quarterly) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.45 373.06 Td (7/18/2023) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 357.06 Td (Class B Cumulative Redeemable) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 348.06 Td (Series 1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 191.45 348.06 Td (CHSCO) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 267.00 348.06 Td (\(e\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.50 348.27 Td (21,459,948 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 343.00 348.27 Td (\(f\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 348.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.75 348.06 Td (536.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.25 348.06 Td (7.875) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.50 348.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 467.75 348.06 Td (Quarterly) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.45 348.06 Td (9/26/2023) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 322.06 Td (Class B Reset Rate Cumulative) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 313.06 Td (Redeemable Series 2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 191.45 313.06 Td (CHSCN) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 240.80 313.06 Td (3/11/2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.65 313.27 Td (16,800,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 313.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.75 313.06 Td (420.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.25 313.06 Td (7.100) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.50 313.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 467.75 313.06 Td (Quarterly) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.45 313.06 Td (3/31/2024) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 287.06 Td (Class B Reset Rate Cumulative) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 278.06 Td (Redeemable Series 3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 190.70 278.06 Td (CHSCM) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 240.45 278.06 Td (9/15/2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.65 278.27 Td (19,700,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 278.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.75 278.06 Td (492.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.25 278.06 Td (6.750) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.50 278.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 467.75 278.06 Td (Quarterly) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.45 278.06 Td (9/30/2024) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 262.06 Td (Class B Cumulative Redeemable) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 253.06 Td (Series 4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 192.15 253.06 Td (CHSCL) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 240.45 253.06 Td (1/21/2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.65 253.27 Td (20,700,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 253.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.75 253.06 Td (517.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.25 253.06 Td (7.500) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.50 253.06 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 467.75 253.06 Td (Quarterly) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.45 253.06 Td (1/21/2025) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 68.00 231.13 Td (\(a\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 227.50 Td (The Class B Reset Rate Cumulative Redeemable Preferred Stock, Series 2 accumulates dividends at a rate of 7.10% per year until March 31, 2024, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 217.90 Td (and then at a rate equal to the three-month U.S. Dollar LIBOR plus 4.298%, not to exceed 8.00% per annum, subsequent to March 31, 2024.) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 68.00 205.92 Td (\(b\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 202.30 Td (The Class B Reset Rate Cumulative Redeemable Preferred Stock, Series 3 accumulates dividends at a rate of 6.75% per year until September 30, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 192.70 Td (2024, and then at a rate equal to the three-month U.S. Dollar LIBOR plus 4.155%, not to exceed 8.00% per annum, subsequent to September 30, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 183.10 Td (2024.) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 68.00 171.13 Td (\(c\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 167.50 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 preference of $25.00 ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 157.90 Td (per share, plus all dividends accumulated and unpaid on that share to and including the date of redemption, beginning on the dates set forth in this ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 148.30 Td (column.) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 68.00 136.33 Td (\(d\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 132.70 Td (The 8% Cumulative Redeemable Preferred Stock was issued at various times from 2003-2010.) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 68.00 120.73 Td (\(e\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 117.10 Td (1) Tj ET Q q 0 0 0 rg BT 89.70 117.10 Td (1,319,175 shares of Class B Cumulative Redeemable Preferred Stock, Series 1 \(the "Class B Series 1 Preferred Stock"\) were issued on September ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 107.50 Td (26, 2013; 6,752,188 shares were issued on ) Tj ET Q q 0 0 0 rg BT 223.32 107.50 Td (August 25, 2014; 2,693,195 shares were issued on March 31, 2016; and 695,390 shares were issued on ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 97.90 Td (March 30, 2017.) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 68.00 85.92 Td (\(f\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 86.00 82.30 Td (882 shares that were issued on March 30, 2017, have been canceled. See Part II, Item 2 of this Current Report on Form 10-Q for more information.) 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 (37) 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 (Dividends paid on our preferred stock during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.01 742.10 Td (the nine months ended May 31, 2017, and 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.54 742.10 Td (, were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.46 742.10 Td ($125.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.36 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 730.10 Td ($121.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.83 730.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 178.49 730.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (Off Balance Sheet Financing ) Tj ET Q q 0 0 0 rg BT 173.89 694.10 Td (Arrangements) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 68.00 670.10 Td (Operating Leases) 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 (Our minimum future lease payments required under noncancelable operating leases presented in Management) Tj ET Q q 0 0 0 rg BT 528.62 646.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (Discussion and ) Tj ET Q q 0 0 0 rg BT 112.78 634.10 Td (Analysis of Financial Condition and Results of Operations in our ) Tj ET Q q 0 0 0 rg BT 374.98 634.10 Td (Annual Report on Form 10-K for the year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.83 622.10 Td (August31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.22 622.10 Td (, have not materially changed during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.33 622.10 Td (the nine months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.59 622.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.09 622.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.92 622.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 68.00 598.10 Td (Guarantees) 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 (W) Tj ET Q q 0 0 0 rg BT 94.64 574.10 Td (e are a guarantor for lines of credit and performance obligations of related companies. ) Tj ET Q q 0 0 0 rg BT 440.33 574.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.77 574.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.60 574.10 Td (, our bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (covenants allowed maximum guarantees of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.78 562.10 Td ($1.0 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.89 562.10 Td (, of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.66 562.10 Td ($101.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.55 562.10 Td ( were outstanding. ) Tj ET Q q 0 0 0 rg BT 449.46 562.10 Td (W) Tj ET Q q 0 0 0 rg BT 458.10 562.10 Td (e have collateral for a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (portion of these contingent obligations. ) Tj ET Q q 0 0 0 rg BT 209.24 550.10 Td (W) Tj ET Q q 0 0 0 rg BT 217.88 550.10 Td (e have not recorded a liability related to the contingent obligations as we do not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (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 408.01 538.10 Td (The underlying loans to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 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 317.10 526.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.93 526.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td ( ) Tj ET Q q 0 0 0 rg BT 68.00 502.10 Td (Debt) 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 (W) Tj ET Q q 0 0 0 rg BT 94.64 478.10 Td (e have no material of) Tj ET Q q 0 0 0 rg BT 178.86 478.10 Td (f balance sheet debt.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (Contractual Obligations) 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 (Our contractual obligations presented in Management) Tj ET Q q 0 0 0 rg BT 303.99 430.10 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 373.16 430.10 Td (Analysis of Financial Condition and Results of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (Operations in our ) Tj ET Q q 0 0 0 rg BT 121.93 418.10 Td (Annual Report on Form 10-K for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.72 418.10 Td (August31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.11 418.10 Td (, have not materially changed during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.23 418.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (nine months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.54 406.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.04 406.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.87 406.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (Critical ) Tj ET Q q 0 0 0 rg BT 84.71 382.10 Td (Accounting Policies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 358.10 Td (Our critical accounting policies presented in Management) Tj ET Q q 0 0 0 rg BT 320.36 358.10 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 389.53 358.10 Td (Analysis of Financial Condition and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (Results of Operations in our ) Tj ET Q q 0 0 0 rg BT 164.71 346.10 Td (Annual Report on Form 10-K for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.50 346.10 Td (August31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.89 346.10 Td (, have not materially changed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.61 334.10 Td (the nine months ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.87 334.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.37 334.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.20 334.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (Effect of Inflation and For) Tj ET Q q 0 0 0 rg BT 162.59 310.10 Td (eign Curr) Tj ET Q q 0 0 0 rg BT 204.35 310.10 Td (ency ) Tj ET Q q 0 0 0 rg BT 226.10 310.10 Td (T) Tj ET Q q 0 0 0 rg BT 232.03 310.10 Td (ransactions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 286.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 286.10 Td (e believe that inflation and foreign currency fluctuations have not had a material ef) Tj ET Q q 0 0 0 rg BT 425.71 286.10 Td (fect on our operations since we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (conduct an insignificant portion of our business in foreign currencies.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (Recent ) Tj ET Q q 0 0 0 rg BT 81.38 250.10 Td (Accounting Pr) Tj ET Q q 0 0 0 rg BT 143.13 250.10 Td (onouncements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 226.10 Td (See Note 1, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 134.88 226.10 Td (Or) Tj ET Q q 0 0 0 rg BT 145.62 226.10 Td (ganization, Basis of Pr) Tj ET Q q 0 0 0 rg BT 236.92 226.10 Td (esentation and Significant ) Tj ET Q q 0 0 0 rg BT 343.68 226.10 Td (Accounting Policies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.93 226.10 Td (, to our unaudited consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (financial statements included in this Quarterly Report on Form 10-Q for a description of the recent accounting pronouncements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (that are applicable to us.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (ITEM 3. ) Tj ET Q q 0 0 0 rg BT 122.00 178.10 Td (QUANTIT) Tj ET Q q 0 0 0 rg BT 167.93 178.10 Td (A) Tj ET Q q 0 0 0 rg BT 174.41 178.10 Td (TIVE ) Tj ET Q q 0 0 0 rg BT 200.81 178.10 Td (AND QUALIT) Tj ET Q q 0 0 0 rg BT 263.69 178.10 Td (A) Tj ET Q q 0 0 0 rg BT 270.17 178.10 Td (TIVE DISCLOSURES ) Tj ET Q q 0 0 0 rg BT 369.65 178.10 Td (ABOUT) Tj ET Q q 0 0 0 rg BT 405.03 178.10 Td ( MARKET) Tj ET Q q 0 0 0 rg BT 452.35 178.10 Td ( RISK) 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 (W) Tj ET Q q 0 0 0 rg BT 94.64 154.10 Td (e did not experience any material changes in market risk exposures for the period ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.67 154.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.50 154.10 Td (, that af) Tj ET Q q 0 0 0 rg BT 534.58 154.10 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (the quantitative and qualitative disclosures presented in our ) Tj ET Q q 0 0 0 rg BT 289.38 142.10 Td (Annual Report on Form 10-K for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.17 142.10 Td (August31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.56 142.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (ITEM 4. ) Tj ET Q q 0 0 0 rg BT 122.00 106.10 Td (CONTROLS ) Tj ET Q q 0 0 0 rg BT 180.07 106.10 Td (AND PROCEDURES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 82.10 Td (Under the supervision and with the participation of our management, including our Chief Executive Of) Tj ET Q q 0 0 0 rg BT 498.21 82.10 Td (ficer and Chief ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (Financial Of) Tj ET Q q 0 0 0 rg BT 100.08 70.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 118.00 70.10 Td (, we evaluated the ef) Tj ET Q q 0 0 0 rg BT 200.27 70.10 Td (fectiveness of our disclosure controls and procedures \(as defined in Rule 13a-15\(e\)\) under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 148.02 58.10 Td (Act of 1934 \(the "Exchange ) Tj ET Q q 0 0 0 rg BT 261.79 58.10 Td (Act"\) as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.80 58.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.63 58.10 Td (. Based on that evaluation, our Chief Executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (Of) Tj ET Q q 0 0 0 rg BT 60.37 46.10 Td (ficer and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 172.92 46.10 Td (ficer concluded that, as of that date, our disclosure controls and procedures were ef) Tj ET Q q 0 0 0 rg BT 504.56 46.10 Td (fective.) 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 (38) 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 (On December 1, 2015, we began implementation of a new enterprise resource planning \(ERP\) system. ) Tj ET Q q 0 0 0 rg BT 506.80 730.10 Td (The new ERP) Tj ET Q q 0 0 0 rg BT 561.97 730.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (system is expected to take several years to fully implement, and has and will continue to require significant capital and human ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (resources to deploy) Tj ET Q q 0 0 0 rg BT 127.10 706.10 Td (. ) Tj ET Q q 0 0 0 rg BT 131.92 706.10 Td (The implementation of the new ERP) Tj ET Q q 0 0 0 rg BT 277.91 706.10 Td ( system will af) Tj ET Q q 0 0 0 rg BT 336.33 706.10 Td (fect the processes that constitute our internal control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (over financial reporting \(as defined in Rule 13a-15\(f\) under the Exchange ) Tj ET Q q 0 0 0 rg BT 346.83 694.10 Td (Act\), and our management has taken steps to ensure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (that appropriate controls are designed and implemented as each functional area of the new ERP) Tj ET Q q 0 0 0 rg BT 431.15 682.10 Td ( system is enacted. ) 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 (Other than as described above, there were no changes in our internal control over financial reporting during the quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.38 646.10 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.21 646.10 Td (, that have materially af) Tj ET Q q 0 0 0 rg BT 226.70 646.10 Td (fected, or are reasonably likely to materially af) Tj ET Q q 0 0 0 rg BT 413.66 646.10 Td (fect, our internal control over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (financial reporting.) 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 (39) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.20 742.25 Td (P) Tj ET Q q 0 0 0 rg BT 234.57 742.25 Td (AR) Tj ET Q q 0 0 0 rg BT 248.66 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 255.15 742.25 Td ( II. OTHER INFORMA) Tj ET Q q 0 0 0 rg BT 357.19 742.25 Td (TION) 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 q 0 0 0 rg BT 122.00 718.25 Td (LEGAL) Tj ET Q q 0 0 0 rg BT 156.46 718.25 Td ( PROCEEDINGS) 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 (As previously reported in our ) Tj ET Q q 0 0 0 rg BT 205.70 694.25 Td (Annual Report on Form 10-K for the year ended ) Tj ET Q q 0 0 0 rg BT 401.49 694.25 Td (August 31, 2016, on July 1) Tj ET Q q 0 0 0 rg BT 509.18 694.25 Td (1, 2016, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (received a letter from the Environmental Protection ) Tj ET Q q 0 0 0 rg BT 257.98 682.25 Td (Agency \(the EP) Tj ET Q q 0 0 0 rg BT 324.81 682.25 Td (A\) responding to 21 reports that we had previously ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (submitted to the EP) Tj ET Q q 0 0 0 rg BT 127.69 670.25 Td (A) Tj ET Q q 0 0 0 rg BT 134.36 670.25 Td ( detailing prior flaring incidents at our Laurel, Montana refinery) Tj ET Q q 0 0 0 rg BT 389.73 670.25 Td (. ) Tj ET Q q 0 0 0 rg BT 394.55 670.25 Td (These reports were submitted by us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (pursuant to the requirements of a 2004 consent decree among us, the United States and the State of Montana. In its response ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (letter) Tj ET Q q 0 0 0 rg BT 70.14 646.25 Td (, the EP) Tj ET Q q 0 0 0 rg BT 100.61 646.25 Td (A) Tj ET Q q 0 0 0 rg BT 107.28 646.25 Td ( stated that it was requesting stipulated penalties totaling $886,905, to be paid 50% to the EP) Tj ET Q q 0 0 0 rg BT 476.85 646.25 Td (A) Tj ET Q q 0 0 0 rg BT 483.52 646.25 Td ( and 50% to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (State of Montana, in connection with 15 of the incidents covered by the reports. ) Tj ET Q q 0 0 0 rg BT 371.40 634.25 Td (W) Tj ET Q q 0 0 0 rg BT 380.04 634.25 Td (e then paid $34,965 of the requested ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (stipulated penalties relating to four incidents, and disputed the EP) Tj ET Q q 0 0 0 rg BT 311.80 622.25 Td (A) Tj ET Q q 0 0 0 rg BT 317.92 622.25 Td () Tj ET Q q 0 0 0 rg BT 320.69 622.25 Td (s conclusions with respect to, and the stipulated penalties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (requested for) Tj ET Q q 0 0 0 rg BT 102.08 610.25 Td (, 1) Tj ET Q q 0 0 0 rg BT 111.70 610.25 Td (1 of the incidents. On September 29, 2016, we met with representatives of the EP) Tj ET Q q 0 0 0 rg BT 436.54 610.25 Td (A) Tj ET Q q 0 0 0 rg BT 443.21 610.25 Td ( to address the unresolved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (issues relating to the remaining 1) Tj ET Q q 0 0 0 rg BT 182.10 598.25 Td (1 incidents. ) Tj ET Q q 0 0 0 rg BT 230.15 598.25 Td (At that meeting, we presented ar) Tj ET Q q 0 0 0 rg BT 359.92 598.25 Td (guments supporting our position that certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (requested stipulated penalties should be reduced, and the EP) Tj ET Q q 0 0 0 rg BT 290.40 586.25 Td (A) Tj ET Q q 0 0 0 rg BT 297.07 586.25 Td ( agreed to reduce the requested stipulated penalties for 8 of the 1) Tj ET Q q 0 0 0 rg BT 554.93 586.25 Td (1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (remaining incidents. In an October 13, 2016, letter to the EP) Tj ET Q q 0 0 0 rg BT 290.41 574.25 Td (A, we reiterated the ar) Tj ET Q q 0 0 0 rg BT 379.35 574.25 Td (guments and positions we presented at the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (September 29, 2016, meeting. On March 7, 2017, we received a notice from the EP) Tj ET Q q 0 0 0 rg BT 382.60 562.25 Td (A) Tj ET Q q 0 0 0 rg BT 389.27 562.25 Td ( revising the requested stipulated penalties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (with respect to the remaining 1) Tj ET Q q 0 0 0 rg BT 173.76 550.25 Td (1 incidents to an aggregate of $198,775. ) Tj ET Q q 0 0 0 rg BT 336.59 550.25 Td (W) Tj ET Q q 0 0 0 rg BT 345.23 550.25 Td (e then paid the $198,775 of requested stipulated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (penalties, with 50% of the payments being made to the EP) Tj ET Q q 0 0 0 rg BT 282.64 538.25 Td (A) Tj ET Q q 0 0 0 rg BT 289.31 538.25 Td ( on March 24, 2017 and 50% of the payments being made to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (State of Montana, on March 14, 2017.) 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 (For information regarding our other reportable legal proceedings, see Item 3 of our ) Tj ET Q q 0 0 0 rg BT 419.78 502.25 Td (Annual Report on Form 10-K for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.25 490.25 Td (August31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.64 490.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (ITEM 1A. ) Tj ET Q q 0 0 0 rg BT 122.00 466.25 Td (RISK F) Tj ET Q q 0 0 0 rg BT 154.32 466.25 Td (ACT) Tj ET Q q 0 0 0 rg BT 175.25 466.25 Td (ORS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 442.25 Td (There were no material changes to our risk factors during the period covered by this report. See the discussion of risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (factors in Item 1A) Tj ET Q q 0 0 0 rg BT 122.48 430.25 Td ( of our ) Tj ET Q q 0 0 0 rg BT 151.09 430.25 Td (Annual Report on Form 10-K for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.88 430.25 Td (August31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.27 430.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (ITEM 2.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.67 406.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 406.25 Td (UNREGISTERED SALES OF) Tj ET Q q 0 0 0 rg BT 252.22 406.25 Td ( EQUITY) Tj ET Q q 0 0 0 rg BT 293.80 406.25 Td ( SECURITIES ) Tj ET Q q 0 0 0 rg BT 358.83 406.25 Td (AND USE OF) Tj ET Q q 0 0 0 rg BT 418.46 406.25 Td ( PROCEEDS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 382.25 Td (The table below presents purchases made by or on behalf of CHS Inc. or any af) Tj ET Q q 0 0 0 rg BT 407.93 382.25 Td (filiated purchaser \(as defined in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (Rule10b-18\(a\)\(3\) under the Exchange ) Tj ET Q q 0 0 0 rg BT 206.33 370.25 Td (Act\) of our preferred stock during the three months ended May31,2017.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 55.5 347.75 m 55.5 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 55.5 347.75 m 155.5 347.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 155.5 347.75 m 155.5 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 155.5 347.75 m 255.5 347.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 347.75 m 255.5 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 347.75 m 355.5 347.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 347.75 m 355.5 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 347.75 m 455.5 347.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 347.75 m 455.5 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 555.5 347.75 m 555.5 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 347.75 m 555.5 347.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 55.5 332.75 m 55.5 258.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 55.5 332.75 m 155.5 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 155.5 332.75 m 155.5 258.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 155.5 332.75 m 255.5 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 332.75 m 255.5 258.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 332.75 m 355.5 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 332.75 m 355.5 258.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 332.75 m 455.5 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 332.75 m 455.5 258.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 555.5 332.75 m 555.5 258.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 332.75 m 555.5 332.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 55.5 258.75 m 55.5 243.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 55.5 258.75 m 155.5 258.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 155.5 258.75 m 155.5 243.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 155.5 258.75 m 255.5 258.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 258.75 m 255.5 243.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 258.75 m 355.5 258.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 258.75 m 355.5 243.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 258.75 m 455.5 258.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 258.75 m 455.5 243.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 555.5 258.75 m 555.5 243.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 258.75 m 555.5 258.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 55.5 243.75 m 55.5 228.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 55.5 243.75 m 155.5 243.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 155.5 243.75 m 155.5 228.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 155.5 243.75 m 255.5 243.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 243.75 m 255.5 228.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 243.75 m 355.5 243.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 243.75 m 355.5 228.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 243.75 m 455.5 243.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 243.75 m 455.5 228.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 555.5 243.75 m 555.5 228.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 243.75 m 555.5 243.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 55.5 228.75 m 55.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 55.5 228.75 m 155.5 228.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 155.5 228.75 m 155.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 155.5 228.75 m 255.5 228.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 228.75 m 255.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 228.75 m 355.5 228.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 228.75 m 355.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 228.75 m 455.5 228.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 228.75 m 455.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 555.5 228.75 m 555.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 228.75 m 555.5 228.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 55.5 213.75 m 55.5 198.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 55.5 213.75 m 155.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 55.5 198.75 m 155.5 198.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 155.5 213.75 m 155.5 198.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 155.5 213.75 m 255.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 155.5 198.75 m 255.5 198.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 213.75 m 255.5 198.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 213.75 m 355.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 198.75 m 355.5 198.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 213.75 m 355.5 198.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 213.75 m 455.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 198.75 m 455.5 198.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 213.75 m 455.5 198.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 555.5 213.75 m 555.5 198.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 213.75 m 555.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 198.75 m 555.5 198.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 199.15 337.43 Td (\(a\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 298.85 337.43 Td (\(b\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.45 337.43 Td (\(c\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.85 337.43 Td (\(d\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.80 263.43 Td (Period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.70 273.43 Td (Total Number of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 166.95 263.43 Td (Shares Purchased) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 264.25 273.43 Td (Average Price Paid) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 284.20 263.43 Td (per Share) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.70 303.43 Td (Total Number of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.25 293.43 Td (Shares Purchased as) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.35 283.43 Td (Part of Publicly) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.70 273.43 Td (Announced Plans or) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.95 263.43 Td (Programs) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.80 323.43 Td (Maximum Number) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.45 313.43 Td (\(or Approximate) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.20 303.43 Td (Dollar Value\) of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.80 293.43 Td (Shares that May Yet) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.00 283.43 Td (Be Purchased Under) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.50 273.43 Td (the Plans or) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.95 263.43 Td (Programs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.50 249.32 Td (March 1 - 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.70 249.32 Td (882) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 208.70 253.85 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.45 249.32 Td ($28.74) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 314.95 253.85 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.00 248.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 248.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.00 234.32 Td (April 1 - 30, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.00 233.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.00 233.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.00 233.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 233.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.40 219.32 Td (May 1 - 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.00 218.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.00 218.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.00 218.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 218.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.75 203.42 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.65 204.32 Td (882\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.45 203.42 Td ($28.74) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 314.95 207.95 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.00 203.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 203.42 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET BT /F1 7.80 Tf ET q 0 0 0 rg BT 50.00 178.29 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.09 172.85 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 172.85 Td (On March 30, 2017, pursuant to a registration statement on Form S-1 that was declared ef) Tj ET Q q 0 0 0 rg BT 444.90 172.85 Td (fective by the Securities and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 158.45 Td (Exchange Commission, we issued) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 222.65 158.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.65 158.45 Td (695,390 shares of our ClassB Series1 Preferred Stock to redeem approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 146.45 Td ($20,000,000 of our patrons) Tj ET Q q 0 0 0 rg BT 197.19 146.45 Td ( equities that were held in the form of qualified capital equity certificates. Of these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 134.45 Td (695,390 shares, 882 shares were issued to Farmers Union Oil Company) Tj ET Q q 0 0 0 rg BT 371.97 134.45 Td (. ) Tj ET Q q 0 0 0 rg BT 376.79 134.45 Td (W) Tj ET Q q 0 0 0 rg BT 385.43 134.45 Td (e had previously acquired Farmers Union ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 122.45 Td (Oil Company in January 2017. ) Tj ET Q q 0 0 0 rg BT 211.36 122.45 Td (The shares of Class B Series 1 Preferred Stock issued to Farmers Union Oil Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 110.45 Td (have been canceled.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 86.45 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 86.00 86.45 Td (Each share of Class B Series 1 Preferred Stock issued to Farmers Union Oil Company was issued to redeem $28.74 of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 74.45 Td (patrons) Tj ET Q q 0 0 0 rg BT 118.03 74.45 Td ( equities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 50.45 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 50.45 Td (e did not have any unregistered sales of our equity securities during thethree months ended May 31, 2017.) 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Section 1350, as ) Tj ET Q q 0 0 1 rg BT 426.47 600.32 Td (Adopted Pursuant to Section ) 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 92 588.9833984375 m 248.630859375 588.9833984375 l s q 0 0 1 rg BT 92.00 590.32 Td (906 of the Sarbanes-Oxley ) Tj ET Q q 0 0 1 rg BT 200.86 590.32 Td (Act of 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 52.00 575.32 Td (32.2) 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 92 573.9833984375 m 558.416015625 573.9833984375 l s q 0 0 1 rg BT 92.00 575.32 Td (Certification of the Chief Financial Of) Tj ET Q q 0 0 1 rg BT 245.38 575.32 Td (ficer Pursuant to 18 U.S.C. Section 1350, as ) Tj ET Q q 0 0 1 rg BT 423.70 575.32 Td (Adopted Pursuant to Section 906 ) 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 92 563.9833984375 m 231.130859375 563.9833984375 l s q 0 0 1 rg BT 92.00 565.32 Td (of the Sarbanes-Oxley ) Tj ET Q q 0 0 1 rg BT 183.36 565.32 Td (Act of 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 52.00 550.32 Td (101) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.00 550.32 Td (The following financial information from CHS Inc.s Quarterly Report on Form 10-Q for the quarterly period ended) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.00 540.32 Td (May 31, 2017, formatted in Extensible Business Reporting Language \(XBRL\): \(i\) the Consolidated Statements of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.00 530.32 Td (Operations, \(ii\) the Consolidated Statements of Comprehensive Income, \(iii\) the Consolidated Balance Sheets, \(iv\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.00 520.32 Td (the Consolidated Statements of Cash Flows, and \(v\) the Notes to the Consolidated Financial Statements.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 503.25 Td (______________________________________) 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 (41) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.85 742.25 Td (SIGNA) Tj ET Q q 0 0 0 rg BT 304.78 742.25 Td (TURES) 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 (Pursuant to the requirements of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 312.05 718.25 Td (Act of 1934, as amended, the registrant has duly caused this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (report to be signed on its behalf by the undersigned, thereunto duly authorized.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 287.35 680.9169921875 m 324.5716796875 680.9169921875 l s q 0 0 0 rg BT 287.35 682.25 Td (CHS Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.10 670.25 Td (\(Registrant\)) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 85.5 633.75 m 262.5 633.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 633.75 m 562.5 633.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.65 638.32 Td (Date:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.40 638.32 Td (July 14, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.00 638.32 Td (By:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.00 638.32 Td (/s/ Timothy Skidmore) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.00 623.42 Td (Timothy Skidmore) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.00 608.42 Td (Executive Vice President and Chief Financial Officer) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 89 0 obj <> endobj 90 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 Quarterly Report on Form 10-Q for the quarterly period ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.45 664.25 Td (May31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.28 664.25 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; 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