|
 
|
|
Land O'Lakes, Inc.
|
($ in thousands)
|
|
Years Ended December 31, 2002, 2001 and 2000
|
Capital
Stock
|
|
Member Equities
|
Retained
Earnings
|
Total
Equities
|
|
|
Allocated
|
Deferred
|
Net
|
|
|
Balance, December 31, 1999
|
$
|
2,073
|
$
|
702,674
|
$
|
(7,694
|
)
|
$
|
694,980
|
$
|
71,782
|
$
|
768,835
|
|
|
|
|
Capital stock issued
|
411
|
411
|
|
|
Capital stock redeemed
|
(139
|
)
|
(139
|
)
|
|
2000 earnings, as applied
|
142,271
|
(5,347
|
)
|
136,924
|
(33,992
|
)
|
102,932
|
|
|
|
Less portion stated as current liability
|
|
|
|
|
(28,593
|
)
|
|
|
|
|
(28,593
|
)
|
|
|
|
|
(28,593
|
)
|
|
Portion of member equities stated as current liability
|
(8,900
|
)
|
(8,900
|
)
|
(8,900
|
)
|
|
Equities issued for mergers and acquisitions
|
2,250
|
|
2,250
|
|
2,250
|
|
|
Cash patronage and redemption of member equities
|
(54,260
|
)
|
(54,260
|
)
|
(54,260
|
)
|
|
Redemption included in prior year's liabilities
|
19,350
|
19,350
|
19,350
|
|
|
Deferred equities transfer
|
|
8,290
|
|
8,290
|
(8,290
|
)
|
|
|
|
Other, net
|
129
|
|
(1,229
|
)
|
(1,100
|
)
|
4,168
|
3,068
|
|
|
|
Balance, December 31, 2000
|
2,345
|
774,921
|
(5,980
|
)
|
768,941
|
33,668
|
804,954
|
|
|
|
|
Capital stock issued
|
65
|
65
|
|
|
Capital stock redeemed
|
(105
|
)
|
(105
|
)
|
|
2001 earnings, as applied
|
70,552
|
2,708
|
|
73,260
|
(1,772
|
)
|
71.448
|
|
|
|
Less portion stated as current liability
|
(19,900
|
)
|
(19,900
|
)
|
(19,900
|
)
|
|
Portion of member equities stated as current liability
|
(9,000
|
)
|
(9,000
|
)
|
(9,000
|
)
|
|
Cash patronage and redemption of member equities
|
(46,896
|
)
|
(46,896
|
)
|
(46,896
|
)
|
|
Redemption included in prior year's liabilities
|
37,493
|
37,493
|
37,493
|
|
|
Other, net
|
(608
|
)
|
2,570
|
|
1,962
|
(3,545
|
)
|
(1,583
|
)
|
|
|
Balance, December 31, 2001
|
2,305
|
806,562
|
(702
|
)
|
805,860
|
28,351
|
836,516
|
|
|
|
|
Capital stock issued
|
5
|
5
|
|
|
Capital stock redeemed
|
(120
|
)
|
(120
|
)
|
|
2001 earnings, as applied
|
96,900
|
(10,336
|
)
|
86,564
|
12,323
|
|
98,887
|
|
|
|
Less portion stated as current liability
|
(4,178
|
)
|
(4,178
|
)
|
(4,178
|
)
|
|
Portion of member equities stated as current liability
|
(8,210
|
)
|
(8,210
|
)
|
(8,210
|
)
|
|
Cash patronage and redemption of member equities
|
(37,878
|
)
|
(37,878
|
)
|
(37,878
|
)
|
|
Redemption included in prior year's liabilities
|
28,900
|
28,900
|
28,900
|
|
|
Other, net
|
2,601
|
|
|
2,601
|
(5,010
|
)
|
(2,409
|
)
|
|
|
Balance, December 31, 2002
|
$
|
2,190
|
$
|
884,697
|
$
|
(11,038
|
)
|
$
|
873,659
|
$
|
35,664
|
$
|
911,513
|
|
|
|
See accompanying notes to consolidated financial statements.
|
|
|
