Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2012

Related Party Transactions [Abstract]

Schedule of aggregate summarized financial information of subsidiaries

The following table presents aggregate summarized financial information of LTG, TAAE, TACE and TAME as they qualified as significant subsidiaries in the aggregate. LTG was the only equity method investment that qualified as a significant subsidiary individually for the years ended December 31, 2012 and 2011.

	December 31,
(in thousands)	2012		2011		2010
Sales	$	8,080,741	$	6,935,755	$	4,707,422
Gross profit	130,241		165,793		133,653
Income from continuing operations	34,161		90,510		59,046
Net income	32,451		87,673		57,691
Current assets	1,266,311		707,400
Non-current assets	326,776		336,554
Current liabilities	1,062,181		514,671
Non-current liabilities	123,991		100,315
Noncontrolling interest	22,745		26,799

Company's investment balance in each of its equity method investees by entity

The following table presents the Company’s investment balance in each of its equity method investees by entity:

	December 31,
(in thousands)	2012		2011
The Andersons Albion Ethanol LLC	$	30,227	$	32,829
The Andersons Clymers Ethanol LLC	33,119		40,001
The Andersons Marathon Ethanol LLC	32,996		43,019
Lansing Trade Group, LLC	92,094		81,209
Other	2,472		2,003
Total	$	190,908	$	199,061

Income (loss) earned from the Company's equity method investments by entity

The following table summarizes income (losses) earned from the Company’s equity method investments by entity:

	% ownership at December 31, 2012 (direct and indirect)	December 31,
(in thousands)		2012			2011		2010
The Andersons Albion Ethanol LLC	50%	$	(497	)	$	5,285	$	3,916
The Andersons Clymers Ethanol LLC	38%	(3,828		)	4,341		5,318
The Andersons Marathon Ethanol LLC	50%	(8,273		)	8,089		1,117
Lansing Trade Group, LLC	51% *	28,559			23,558		15,133
Other	7%-33%	526			177		523
Total		$	16,487		$	41,450	$	26,007

*    This does not consider restricted management units which once vested will reduce the ownership percentage by approximately 2%.

Schedule of Related Party Transactions

The following table sets forth the related party transactions entered into for the time periods presented:

	December 31,
(in thousands)	2012		2011		2010
Sales revenues	$	1,031,458	$	841,366	$	510,142
Service fee revenues (a)	22,165		22,850		21,310
Purchases of product	655,686		636,144		454,314
Lease income (b)	6,995		6,128		5,431
Labor and benefits reimbursement (c)	12,140		10,784		10,760
Other expenses (d)	1,093		192		—
Accounts receivable at December 31 (e)	28,610		14,730		14,991
Accounts payable at December 31 (f)	17,804		24,530		13,930

(a) Service fee revenues include management fee, corn origination fee, ethanol and DDG marketing fees, and other commissions.

(b) Lease income includes the lease of the Company’s Albion, Michigan and Clymers, Indiana grain facilities as well as certain railcars to the unconsolidated ethanol LLCs and IANR.

(c) The Company provides all operational labor to the unconsolidated ethanol LLCs and charges them an amount equal to the Company’s costs of the related services.

(d) Other expenses include payments to IANR for repair facility rent and use of their railroad reporting mark, payment to LTG for the lease of railcars and other various expenses.

(e) Accounts receivable represents amounts due from related parties for sales of corn, leasing revenue and service fees.

(f) Accounts payable represents amounts due to related parties for purchases of ethanol.