XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.3Close
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Sep. 30, 2022
Current assets:      
Cash and cash equivalents $ 418,055 $ 115,269 $ 140,771
Accounts receivable, net 816,686 1,248,878 990,531
Inventories 985,292 1,731,725 1,556,426
Commodity derivative assets – current 239,595 295,588 502,097
Other current assets 67,471 74,493 75,402
Total current assets 2,527,099 3,465,953 3,265,227
Other assets:      
Goodwill 128,542 129,342 129,342
Other intangible assets, net 90,768 100,907 99,317
Right of use assets, net 56,919 61,890 59,146
Other assets, net 104,586 87,175 99,650
Total other assets 380,815 379,314 387,455
Property, plant and equipment, net 680,188 762,729 765,939
Total assets 3,588,102 4,607,996 4,418,621 Close
Current liabilities:      
Short-term debt 14,138 272,575 652,947
Trade and other payables 822,153 1,423,633 930,027
Customer prepayments and deferred revenue 211,867 370,524 258,828
Commodity derivative liabilities – current 142,511 98,519 137,168
Current maturities of long-term debt 27,535 110,155 112,029
Accrued expenses and other current liabilities 189,430 245,916 229,508
Total current liabilities 1,407,634 2,521,322 2,320,507
Long-term lease liabilities 32,883 37,147 34,779
Long-term debt, less current maturities 569,730 492,518 497,988
Deferred income taxes 58,217 64,080 59,079
Other long-term liabilities 70,552 63,160 79,727
Total liabilities 2,139,016 3,178,227 2,992,080 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 383,724 385,248 381,728
Treasury shares, at cost (270, 446 and 293 shares at 9/30/2023, 12/31/2022 and 9/30/2022, respectively) (10,266) (15,043) (9,991)
Accumulated other comprehensive income 28,579 20,484 15,850
Retained earnings 838,556 807,770 806,186
Total shareholders’ equity of The Andersons, Inc. 1,240,735 1,198,601 1,193,915
Noncontrolling interests 208,351 231,168 232,626
Total equity 1,449,086 1,429,769 1,426,541 Close
Total liabilities and equity $ 3,588,102 $ 4,607,996 $ 4,418,621