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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Jun. 30, 2022
Current assets:      
Cash and cash equivalents $ 96,293 $ 115,269 $ 86,035
Accounts receivable, net 1,030,271 1,248,878 1,141,167
Inventories 990,789 1,731,725 1,618,326
Commodity derivative assets – current 347,684 295,588 638,357
Current assets held-for-sale 0 2,871 18,627
Other current assets 72,228 71,622 70,367
Total current assets 2,537,265 3,465,953 3,572,879
Other assets:      
Goodwill 129,342 129,342 129,342
Other intangible assets, net 89,605 100,907 105,222
Right of use assets, net 60,003 61,890 50,233
Other assets held-for-sale 0 0 24,298
Other assets, net 90,390 87,175 91,758
Total other assets 369,340 379,314 400,853
Property, plant and equipment, net 663,441 762,729 763,443
Total assets 3,570,046 4,607,996 4,737,175 Close
Current liabilities:      
Short-term debt 102,752 272,575 1,161,428
Trade and other payables 641,376 1,423,633 772,996
Customer prepayments and deferred revenue 189,947 370,524 184,154
Commodity derivative liabilities – current 251,101 98,519 185,903
Current maturities of long-term debt 27,511 110,155 53,951
Current liabilities held-for-sale 0 0 7,314
Accrued expenses and other current liabilities 180,552 245,916 211,830
Total current liabilities 1,393,239 2,521,322 2,577,576
Long-term lease liabilities 34,435 37,147 28,929
Long-term debt, less current maturities 576,489 492,518 563,447
Deferred income taxes 57,030 64,080 63,383
Other long-term liabilities held-for-sale 0 0 3,113
Other long-term liabilities 70,371 63,160 83,521
Total liabilities 2,131,564 3,178,227 3,319,969 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 380,376 385,248 378,740
Treasury shares, at cost (270, 446 and 62 shares at 6/30/2023, 12/31/2022 and 6/30/2022, respectively) (10,270) (15,043) (2,313)
Accumulated other comprehensive income 25,482 20,484 15,090
Retained earnings 835,256 807,770 775,495
Total shareholders’ equity of The Andersons, Inc. 1,230,986 1,198,601 1,167,154
Noncontrolling interests 207,496 231,168 250,052
Total equity 1,438,482 1,429,769 1,417,206 Close
Total liabilities and equity $ 3,570,046 $ 4,607,996 $ 4,737,175