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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Mar. 31, 2022
Current assets:      
Cash and cash equivalents $ 70,853 $ 115,269 $ 36,381
Accounts receivable, net 1,125,071 1,248,878 1,050,259
Inventories 1,551,101 1,731,725 1,950,303
Commodity derivative assets – current 222,036 295,588 769,916
Current assets held-for-sale 0 2,871 20,255
Other current assets 81,407 71,622 113,589
Total current assets 3,050,468 3,465,953 3,940,703
Other assets:      
Goodwill 129,342 129,342 129,342
Other intangible assets, net 95,134 100,907 111,055
Right of use assets, net 59,209 61,890 51,821
Other assets held-for-sale 0 0 45,264
Other assets, net 89,174 87,175 92,506
Total other assets 372,859 379,314 429,988
Property, plant and equipment, net 678,717 762,729 772,245
Total assets 4,102,044 4,607,996 5,142,936 Close
Current liabilities:      
Short-term debt 638,210 272,575 1,449,768
Trade and other payables 768,872 1,423,633 741,124
Customer prepayments and deferred revenue 309,546 370,524 384,723
Commodity derivative liabilities – current 107,983 98,519 216,836
Current maturities of long-term debt 85,567 110,155 54,158
Current liabilities held-for-sale 0 0 10,200
Accrued expenses and other current liabilities 202,133 245,916 205,958
Total current liabilities 2,112,311 2,521,322 3,062,767
Long-term lease liabilities 35,727 37,147 31,419
Long-term debt, less current maturities 486,892 492,518 571,181
Deferred income taxes 54,391 64,080 68,437
Other long-term liabilities held-for-sale 0 0 14,738
Other long-term liabilities 66,311 63,160 77,173
Total liabilities 2,755,632 3,178,227 3,825,715 Close
Commitments and contingencies
Shareholders’ equity:      
Common shares, without par value (63,000 shares authorized and 34,064 shares issued for all periods presented) 142 142 142
Preferred shares, without par value (1,000 shares authorized; none issued) 0 0 0
Additional paid-in-capital 377,768 385,248 375,794
Treasury shares, at cost (289, 446 and 61 shares at 3/31/2023, 12/31/2022 and 3/31/2022, respectively) (11,006) (15,043) (2,265)
Accumulated other comprehensive income 16,267 20,484 13,555
Retained earnings 786,420 807,770 701,799
Total shareholders’ equity of The Andersons, Inc. 1,169,591 1,198,601 1,089,025
Noncontrolling interests 176,821 231,168 228,196
Total equity 1,346,412 1,429,769 1,317,221 Close
Total liabilities and equity $ 4,102,044 $ 4,607,996 $ 5,142,936