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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Jun. 30, 2014
Current assets:      
Cash and cash equivalents $ 40,773 $ 114,704 $ 47,190
Restricted cash 941 429 895
Accounts receivable, net 238,601 183,059 189,646
Inventories (Note 2) 508,408 795,655 432,996
Commodity derivative assets – current 39,860 92,771 162,427
Deferred income taxes 6,069 7,337 7,443
Other current assets 44,765 60,492 24,596
Total current assets 879,417 1,254,447 865,193
Other assets:      
Commodity derivative assets – noncurrent 2,990 507 312
Goodwill 117,859 72,365 58,554
Other assets, net 107,742 59,162 58,431
Pension asset 0 0 13,023
Equity method investments 224,380 226,857 264,381
Investments and Other Noncurrent Assets 452,971 358,891 394,701
Rail Group assets leased to others, net (Note 3) 330,832 297,747 242,147
Property, plant and equipment, net (Note 3) 489,145 453,607 390,587
Total assets 2,152,365 2,364,692 1,892,628
Current liabilities:      
Short-term debt 141,250 2,166 27,000
Trade and other payables 358,190 706,823 307,765
Customer prepayments and deferred revenue 25,927 99,617 21,670
Commodity derivative liabilities – current 42,622 64,075 86,134
Accrued expenses and other current liabilities 72,034 78,610 81,260
Current maturities of long-term debt (Note 4) 27,188 76,415 89,387
Total current liabilities 667,211 1,027,706 613,216
Other long-term liabilities 14,934 15,507 15,032
Commodity derivative liabilities – noncurrent 2,177 3,318 7,444
Employee benefit plan obligations 57,686 59,308 39,178
Long-term debt, less current maturities (Note 4) 417,279 298,638 300,220
Deferred income taxes 171,163 136,166 126,258
Total liabilities $ 1,330,450 $ 1,540,643 $ 1,101,348
Commitments and contingencies (Note 13)      
Shareholders’ equity:      
Common shares, without par value (42,000 shares authorized; 29,430, 29,353 and 28,797 shares issued at 6/30/15, 12/31/14 and 6/30/14, respectively) $ 96 $ 96 $ 96
Preferred shares, without par value (1,000 shares authorized; none issued) 0 0 0
Additional paid-in-capital 223,802 222,789 189,098
Treasury shares, at cost (1,014, 390 and 378 shares at 6/30/15, 12/31/14 and 6/30/14, respectively) (38,880) (9,743) (8,801)
Accumulated other comprehensive loss [1] (55,159) (54,595) (27,023)
Retained earnings 671,655 644,556 609,024
Total shareholders’ equity of The Andersons, Inc. 801,514 803,103 762,394
Noncontrolling interests 20,401 20,946 28,886
Total equity 821,915 824,049 791,280
Total liabilities and equity $ 2,152,365 $ 2,364,692 $ 1,892,628
[1] All amounts are net of tax. Amounts in parentheses indicate debits