$CHSCM

CHS INC

CIK:0000823277|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	May 31, 2026	May 31, 2025	May 31, 2026	May 31, 2025
Income Statement [Abstract]
Revenues	$ 11,582,089	$ 9,766,421	$ 28,799,984	$ 26,856,724
Cost of goods sold	11,171,469	9,436,610	27,974,194	26,049,922
Gross profit	410,620	329,811	825,790	806,802
Marketing, general and administrative expenses	302,283	258,850	838,012	769,968
Operating earnings (loss)	108,337	70,961	(12,222)	36,834
Interest expense	49,725	44,109	130,833	96,962
Other income	(21,775)	(27,398)	(91,588)	(74,138)
Equity income from investments	(201,826)	(204,605)	(440,891)	(418,970)
Income (loss) before income taxes	282,213	258,855	389,424	432,980
Income tax expense	14,717	27,175	8,661	31,710
Net income	267,496	231,680	380,763	401,270
Net income (loss) attributable to noncontrolling interests	130	(504)	(34)	50
Net income attributable to CHS Inc.	$ 267,366	$ 232,184	$ 380,797	$ 401,220

Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	May 31, 2026	May 31, 2025
Cash flows from operating activities:
Net income	$ 380,763	$ 401,270
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization, including amortization of deferred major maintenance	508,781	462,082
Equity income from investments, net of distributions received	(120,625)	(112,246)
Provision for current expected credit losses	11,971	6,035
Deferred taxes	3,068	(22,633)
Other, net	32,131	(4,990)
Changes in operating assets and liabilities:
Receivables	(1,020,289)	(671,223)
Inventories	(78,584)	(234,213)
Accounts payable and accrued expenses	436,236	(265,576)
Other, net	47,762	(193,778)
Net cash provided by (used in) operating activities	201,214	(635,272)
Cash flows from investing activities:
Acquisition of property, plant and equipment	(344,305)	(533,473)
Proceeds from disposition of property, plant and equipment	9,783	14,578
Expenditures for major maintenance	(56,333)	(274,062)
Purchases of short-term investments	(156,968)	0
Proceeds from sale and maturity of short-term and other investments	199,810	508,415
Changes in CHS Capital notes receivable, net	(142,111)	(12,230)
Business acquisitions, net of cash acquired	0	(236,601)
Other investing activities, net	(13,525)	(18,787)
Net cash used in investing activities	(503,649)	(552,160)
Cash flows from financing activities:
Proceeds from notes payable and long-term debt	13,563,232	15,365,239
Payments on notes payable, long-term debt and finance lease obligations	(12,819,477)	(13,943,812)
Preferred stock dividends paid	(126,501)	(126,501)
Redemptions of equities	(80,553)	(271,034)
Cash patronage dividends paid	(30,000)	(300,340)
Other financing activities, net	4,364	1,140
Net cash provided by financing activities	511,065	724,692
Effect of exchange rate changes on cash and cash equivalents	2,961	(6,973)
Increase (decrease) in cash and cash equivalents and restricted cash	211,591	(469,713)
Cash and cash equivalents and restricted cash at beginning of period	399,260	873,862
Cash and cash equivalents and restricted cash at end of period	$ 610,851	$ 404,149

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	May 31, 2026	Aug. 31, 2025
Current assets:
Cash and cash equivalents	$ 497,614	$ 327,826
Receivables	4,542,147	3,686,585
Inventories	3,606,271	3,270,350
Other current assets	1,297,261	801,590
Total current assets	9,943,293	8,086,351
Investments	3,959,651	3,846,062
Property, plant and equipment, net	5,410,727	5,501,294
Other assets	1,464,190	1,430,142
Total assets	20,777,861	18,863,849
Current liabilities:
Notes payable	1,589,756	1,152,457
Current portion of long-term debt	149,663	90,447
Accounts payable	3,062,902	2,717,648
Accrued expenses	770,272	695,965
Other current liabilities	1,198,728	625,969
Total current liabilities	6,771,321	5,282,486
Long-term portion	1,983,919	1,745,386
Other liabilities	817,040	755,803
Commitments and contingencies (Note 13)
Equities:
Preferred stock	2,264,038	2,264,038
Equity certificates	6,038,937	6,103,605
Accumulated other comprehensive loss	(272,639)	(306,372)
Capital reserves	3,171,783	3,015,424
Total CHS Inc. equities	11,202,119	11,076,695
Noncontrolling interests	3,462	3,479
Total equities	11,205,581	11,080,174
Total liabilities and equities	$ 20,777,861	$ 18,863,849