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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Sep. 30, 2014
Current assets:      
Cash and cash equivalents $ 40,658 $ 114,704 $ 326,946
Restricted cash 181 429 173
Accounts receivable, net 201,664 183,059 162,270
Inventories 527,789 795,655 396,464
Commodity derivative assets – current 60,965 92,771 126,396
Deferred income taxes 6,735 7,337 148
Other current assets 66,411 60,492 36,518
Total current assets 904,403 1,254,447 1,048,915
Other assets:      
Commodity derivative assets – noncurrent 1,584 507 2,383
Goodwill 116,086 72,365 58,554
Other assets, net 104,269 59,162 54,587
Pension asset 0 0 13,738
Equity method investments 223,207 226,857 257,166
Investments and Other Noncurrent Assets 445,146 358,891 386,428
Rail Group assets leased to others, net 347,100 297,747 245,849
Property, plant and equipment, net 495,045 453,607 401,800
Total assets 2,191,694 2,364,692 2,082,992
Current liabilities:      
Short-term debt 82,801 2,166 451
Trade and other payables 466,428 706,823 387,311
Customer prepayments and deferred revenue 23,581 99,617 27,246
Commodity derivative liabilities – current 49,911 64,075 229,265
Accrued expenses and other current liabilities 71,593 78,610 70,598
Current maturities of long-term debt 26,989 76,415 76,757
Total current liabilities 721,303 1,027,706 791,628
Other long-term liabilities 16,510 15,507 13,902
Commodity derivative liabilities – noncurrent 2,912 3,318 26,203
Employee benefit plan obligations 58,123 59,308 39,606
Long-term debt, less current maturities 413,561 298,638 289,448
Deferred income taxes 179,591 136,166 120,628
Total liabilities $ 1,392,000 $ 1,540,643 $ 1,281,415
Commitments and contingencies
Shareholders’ equity:      
Common shares, without par value (63,000 shares authorized; 29,430, 29,353 and 28,797 shares issued at 9/30/15, 12/31/14 and 9/30/14, respectively) $ 96 $ 96 $ 96
Preferred shares, without par value (1,000 shares authorized; none issued) 0 0 0
Additional paid-in-capital 224,595 222,789 190,617
Treasury shares, at cost (1,425, 390 and 373 shares at 9/30/15, 12/31/14 and 9/30/14, respectively) (53,971) (9,743) (8,762)
Accumulated other comprehensive loss [1] (57,459) (54,595) (27,971)
Retained earnings 666,507 644,556 622,722
Total shareholders’ equity of The Andersons, Inc. 779,768 803,103 776,702
Noncontrolling interests 19,926 20,946 24,875
Total equity 799,694 824,049 801,577
Total liabilities and equity $ 2,191,694 $ 2,364,692 $ 2,082,992
[1] All amounts are net of tax. Amounts in parentheses indicate debits