Connection Summer 2018 | Page 8

ANNUAL MEETING UNITED AGRICULTURAL COOPERATIVE, INC. Departmental Statements of Operations - 2018 Year Ended April 30, 2018 Ginning revenues and sales Less cost of sales $ Other operating revenue Operating expense: Labor Repairs and supplies Truck and tractor Hauling Insurance Depreciation and amortization Utilities Other Operating margins (loss) Other income and (expense): Patronage allocations from other cooperatives Gain(loss) disposition of assets Interest income Other income Interest expense Warehouse department 1,342,697 - Grain department 29,390,912 27,307,019 Hardware department 18,048,110 14,042,534 Fuel department 6,830,253 6,255,389 Totals 68,502,470 52,019,695 8,475,745 2,634,880 1,342,697 (380,173) 2,083,893 3,242,451 4,005,576 153,422 574,864 4 16,482,775 5,650,584 11,110,625 962,524 5,326,344 4,158,998 574,868 22,133,359 2,742,568 798,980 174,495 2,706,685 478,423 735,574 1,383,250 1,325,011 10,344,986 262,854 72,229 7,549 - 22,516 70,531 11,859 64,922 512,460 1,755,002 640,010 29,878 - 173,189 929,475 300,184 723,822 4,551,560 2,607,995 261,349 139,473 - 109,576 408,125 100,554 571,279 4,198,351 232,959 39,791 10,404 - 36,552 82,740 14,326 84,792 501,564 7,601,378 1,812,359 361,799 2,706,685 820,256 2,226,445 1,810,173 2,769,826 20,108,921 765,639 450,064 774,784 (39,353) 73,304 2,024,438 95,536 - 132,632 31,014 (311,432) (52,250) 258,607 10,678 47,304 148,895 (62,005) 403,479 4,373 - 17,379 10,356 (5,023) 27,085 1,847,155 33,178 200,402 772,728 (435,518) 2,417,945 1,486,722 20,500 1,000 577,284 (55,951) 2,029,555 Net margins (loss) before taxes Provision for Federal income tax 1,917 2,000 2,087 5,179 (1,107) 10,076 2,795,194 - 460,140 - 722,534 10,540 364,126 54,600 100,389 14,267 4,442,383 79,407 Net margins (loss) $ 2,795,194 460,140 711,994 309,526 86,122 4,362,976 Distributable member earnings Unallocated patronage loss Retained earnings $ 1,654,044 453,583 687,567 2,795,194 357,667 - 102,473 460,140 570,866 - 141,128 711,994 161,535 - 147,991 309,526 46,581 - 39,541 86,122 2,790,693 453,583 1,118,700 4,362,976 Bales ginned Number of bales received Number of bales shipped Total bushels sold 8 Gin department 12,890,498 4,414,753 $ 156,484 48,353 43,948 6,840,124