CHS INC

Listed Company

CHSCPCIK 0000823277NasdaqNon-AcceleratedWholesale-Farm Product Raw MaterialsMinnesotaFY ends Aug 31

Period

FY 2025

Revenue

$35.46B

Net Income

$597.92M

Total Assets

$18.86B

Equity

$11.08B

Shares Out

Op. Cash Flow

$635.79M

Business

CHS Inc. is the nation’s leading integrated agricultural cooperative providing grain, food, agronomy and energy resources to businesses and consumers globally. It offers products and services including refined fuels, propane, lubricants and asphalt; farm fuels and inputs (seed, crop nutrients, crop protection), grain and oilseed processing, renewable fuels (ethanol, DDGS), animal feed and edible oils. Its principal operating segments are Energy, Ag (global grain and processing, ag retail and wholesale agronomy), Nitrogen Production and Corporate and Other (financing, hedging and joint ventures). CHS distributes primarily through member cooperatives, a Cenex retail and wholesale network, export and river terminals, pipelines and international marketing locations in Europe, the Pacific Rim, Latin America and South America.

Summary from filing dated 2025-11-05

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-08-31	FY 2024 2024-08-31	FY 2023 2023-08-31	FY 2022 2022-08-31	FY 2021 2021-08-31
Revenues	35,463	39,261	45,590	47,792	38,448
Cost of goods sold	34,326	37,510	43,214	45,665	37,497
Gross profit	1,137	1,751	2,376	2,127	951
Marketing, general and administrative expenses	1,046	1,167	1,033	998	746
Cost of goods sold (a)	91	584	1,344	1,129	206
Interest expense	146	104	137	114	105
Other income	−100	−138	−112	−24	−60
Equity income from investments	−570	−480	−690	−771	−355
(Loss) income before income taxes	615	1,098	2,008	1,810	515
Income Tax Expense (Benefit)	−17	5	−108	−132	−38
Net income	598	1,103	1,900	1,678	554
Net income (loss) attributable to noncontrolling interests	78,000	340,000	−314,000	−861,000	−383,000
Earnings attributable to CHS Inc.	598	1,102	1,900	1,679	554

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-08-31	FY 2024 2024-08-31	FY 2023 2023-08-31	FY 2022 2022-08-31	FY 2021 2021-08-31
Cash and cash equivalents	328	795	1,765	794	413
Receivables	3,687	3,550	3,106	3,548	2,861
Inventories	3,270	3,067	3,215	3,653	3,335
Other current assets	802	1,297	1,042	1,383	1,390
Total current assets	8,086	8,709	9,129	9,378	7,999
Investments	3,846	3,781	3,829	3,728	3,669
Property, plant and equipment	5,501	5,177	4,869	4,745	4,810
Other assets	1,430	1,048	1,131	974	1,098
Total assets	18,864	18,715	18,957	18,825	17,576
Notes payable	1,152	307	548	607	1,741
Current portion of long-term debt	90	337	8	291	38
Accounts payable	2,718	2,697	2,931	3,063	2,616
Accrued expenses	696	784	773	784	623
Other Liabilities, Current	626	1,275	1,640	2,207	1,308
Liabilities, Current	5,282	5,401	5,899	6,952	6,326
Long-term debt	1,745	1,824	1,820	1,668	1,580
Other liabilities	756	728	786	743	653
Commitments and contingencies (Note 17)	—	—	—	—	—
Preferred stock	2,264	2,264	2,264	2,264	2,264
Equity certificates	6,104	5,982	5,912	5,391	5,247
Accumulated other comprehensive loss	−306	−297	−265	−255	−216
Capital reserves	3,015	2,806	2,537	2,056	1,714
Total CHS Inc. equities	11,077	10,755	10,448	9,456	9,009
Noncontrolling interests	3	7	5	6	8
Total equities	11,080	10,762	10,452	9,461	9,017
Total liabilities and equities	18,864	18,715	18,957	18,825	17,576

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-08-31	FY 2024 2024-08-31	FY 2023 2023-08-31	FY 2022 2022-08-31	FY 2021 2021-08-31
DepreciationDepletionAndAmortizationincludingmajormaintenance	651	570	540	536	535
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions	−61	64	−81	−49	−40
Provision for current expected credit losses	6	6	−16	20	7
Deferred taxes	−39	−110	−6	40	−12
Other, net	−56	−35	−44	−18	−41
Receivables	7	−336	646	−548	−569
Inventories	−53	148	438	−318	−549
Accounts payable and accrued expenses	−276	−214	−127	555	1,007
Other, net	−142	78	36	62	−80
Net cash provided by operating activities	636	1,273	3,284	1,947	758
Capital expenditures (b)	−729	−809	−565	−354	−318
Proceeds from disposition of property, plant and equipment	34	16	30	14	21
Expenditures for Major Repairs	−271	−23	−217	−25	−41
Proceeds from Sale of Other Investments	513	0	0	—	—
Payments to Acquire Investments	0	−500	0	0	—
CHSCapitalPaymentsForProceedsFromLoansReceivable	−169	−100	−204	−161	132
Payments to Acquire Businesses, Net of Cash Acquired	−237	0	0	—	0
Other investing activities, net	−22	−16	6	−4	18
Net cash used in investing activities	−881	−1,432	−950	−457	−102
Proceeds from notes payable and long-term debt	19,038	3,842	7,183	20,731	31,765
Payments on notes payable, long-term debt and finance lease obligations	−18,513	−3,768	−7,386	−21,516	−31,807
Preferred stock dividends paid	−169	−169	−169	−169	−169
Redemptions of equities	−288	−356	−496	−112	−79
Cash patronage dividends paid	−300	−366	−503	−51	−30
Other financing activities, net	600,000	2	−26	3	−7
Net cash used in financing activities	−231	−814	−1,395	−1,114	−327
Effect of Exchange Rate on Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation	773,000	2	3	−15	−4
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	−475	−971	941	361	325
Interest Paid, Excluding Capitalized Interest, Operating Activity	148	101	139	114	102
Income Taxes Paid, Net	77	129	184	20	−9
Capital Expenditures Incurred but Not yet Paid	64	55	66	55	28
Lease Obligation Incurred	14	9	17	19	13

Filings

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