|
|
|
($ in thousands)
|
|
Years Ended December 31, 2000, 1999 and 1998
|
|
|
Capital
Stock |
|
Member Equities
|
Retained
Earnings |
Total
Equities |
|
|
|
Allocated
|
Deferred
|
Net
|
|
|
|
Balance, December 31, 1997
|
$
|
2,148
|
$
|
455,236
|
$
|
(80
|
)
|
$
|
455,156
|
$
|
82,103
|
$
|
539,407
|
|
|
Capital stock issued
|
146
|
146
|
|
|
Capital stock redeemed
|
(124
|
)
|
(124
|
)
|
|
1998 earnings, as applied
|
75,577
|
(1,318
|
)
|
74,259
|
(5,709
|
)
|
68,550
|
|
|
Less portion stated as current liability
|
(20,424
|
)
|
(20,424
|
)
|
(20,424
|
)
|
|
Portion of member equities stated as current liability
|
(11,156
|
)
|
(11,156
|
)
|
(11,156
|
)
|
|
Equities issued for mergers and acquisitions
|
222,031
|
222,031
|
222,031
|
|
|
Cash patronage and redemption of member equities
|
(40,290
|
)
|
(40,290
|
)
|
(40,290
|
)
|
|
Redemption included in prior year's liabilities
|
24,778
|
24,778
|
24,778
|
|
|
Other, net
|
(366
|
)
|
(366
|
)
|
(1,408
|
)
|
(1,774
|
)
|
|
|
|
Balance, December 31, 1998
|
2,170
|
705,386
|
(1,398
|
)
|
703,988
|
74,986
|
781,144
|
|
|
Capital stock issued
|
20
|
|
20
|
|
|
Capital stock redeemed
|
(117
|
)
|
(117
|
)
|
|
1999 earnings, as applied
|
|
34,860
|
(7,547
|
)
|
27,313
|
(5,914
|
)
|
21,399
|
|
|
Less portion stated as current liability
|
|
(10,515
|
)
|
(10,515
|
)
|
(10,515
|
)
|
|
Portion of member equities stated as current liability
|
|
(8,835
|
)
|
(8,835
|
)
|
(8,835
|
)
|
|
Cash patronage and redemption of member equities
|
|
(48,660
|
)
|
(48,660
|
)
|
(48,660
|
)
|
|
Redemption included in prior year's liabilities
|
|
31,580
|
31,580
|
31,580
|
|
|
Other, net
|
|
(1,142
|
)
|
1,251
|
109
|
2,710
|
2,819
|
|
|
|
|
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
|
)
|
0
|
|
|
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
|
|
|
|
|
See accompanying notes to consolidated financial statements
|
|
|
|
