|
|
|
2000
|
1999
|
|
|
|
For the Year: ($ in thousands)
|
|
|
Net sales
|
$
|
5,756,265
|
$
|
5,612,981
|
|
Net earnings
|
102,932
|
21,399
|
|
Allocated patronage refunds
|
142,271
|
34,860
|
|
Cash returned to members
|
54,260
|
48,660
|
|
|
|
At Year End: ($ in thousands)
|
|
|
Total assets
|
$
|
2,473,343
|
$
|
2.700,124
|
|
Working capital
|
324,151
|
362,052
|
|
Long-term debt
|
472,042
|
483,375
|
|
Capital Securities of Trust Subsidiary
|
190,700
|
200,000
|
|
Equities
|
804,954
|
768,835
|
|
|
|
Financial Measures:
|
|
|
Return on equity
|
13.4%
|
2.7%
|
|
Return on invested capital
|
8.9%
|
5.2%
|
|
Long-term debt-to-capital
|
31.0%
|
32.9%
|
|
Current ratio
|
1.36
|
1.31
|
|
|
|
Membership:
|
|
|
Member associations
|
1,363
|
995
|
|
Individual members
|
7,390
|
10,853
|
|
|
