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F-17
F-17
Year EndedDecember 31,
2011
2010
2009
Operating income:
Ethanol production
$
73,242
$
93,410
$
38,778
Corn oil production
26,999
878
-
Agribusiness
11,721
5,614
8,847
Marketing and distribution
9,475
9,673
4,843
Intersegment eliminations
334
188
85
Corporate activities
(22,758)
(17,712)
(13,428)
$
99,013
$
92,051
$
39,125
Income before income taxes
Ethanol production
$
49,612
$
72,903
$
22,235
Corn oil production
26,998
878
-
Agribusiness
6,170
2,464
7,223
Marketing and distribution
6,760
8,330
4,323
Intersegment eliminations
334
188
85
Corporate activities
(27,975)
(18,712)
(13,621)
$
61,899
$
66,051
$
20,245
Depreciation and amortization:
Ethanol production
$
43,169
$
32,619
$
25,872
Corn oil production
859
44
-
Agribusiness
3,975
3,070
2,009
Marketing and distribution
1,623
1,383
602
Corporate activities
450
239
152
$
50,076
$
37,355
$
28,635
Interest expense:
Ethanol production
$
23,725
$
20,572
$
16,633
Corn oil production
-
-
-
Agribusiness
5,569
3,169
1,634
Marketing and distribution
2,716
1,344
546
Intersegement eliminations
(849)
(95)
(22)
Corporate activities
5,484
1,154
36
$
36,645
$
26,144
$
18,827
Capital expenditures:
Ethanol production
$
11,416
$
6,763
$
7,449
Corn oil production
15,375
6,277
-
Agribusiness
8,977
4,525
955
Marketing and distribution
2,476
2,275
4,926
Corporate activities
4,239
190
458
$
42,483
$
20,030
$
13,788