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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Mar. 31, 2015
Current assets:      
Cash and cash equivalents $ 46,301 $ 63,750 $ 54,461
Restricted cash 718 451 685
Accounts receivable, net 207,740 170,912 209,928
Inventories 703,452 747,399 743,957
Commodity derivative assets – current 61,316 49,826 86,824
Deferred income taxes 0 6,772 12,878
Other current assets 76,575 90,412 65,017
Total current assets 1,096,102 1,129,522 1,173,750
Other assets:      
Commodity derivative assets – noncurrent 371 412 243
Goodwill 63,934 63,934 72,365
Other intangible assets, net 117,023 120,240 76,557
Other assets, net 5,803 9,515 31,301
Equity method investments 236,083 242,107 222,082
Investments and Other Noncurrent Assets 423,214 436,208 402,548
Rail Group assets leased to others, net 337,661 338,111 313,095
Property, plant and equipment, net 462,661 455,260 398,234
Total assets 2,319,638 2,359,101 2,287,627
Current liabilities:      
Short-term debt 274,002 16,990 311,660
Trade and other payables 367,338 668,788 370,377
Customer prepayments and deferred revenue 100,384 66,762 130,254
Commodity derivative liabilities – current 33,394 37,387 55,401
Accrued expenses and other current liabilities 65,129 70,324 64,065
Current maturities of long-term debt 54,044 27,786 19,037
Total current liabilities 894,291 888,037 950,794
Other long-term liabilities 27,463 18,176 14,871
Commodity derivative liabilities – noncurrent 874 1,063 2,084
Employee benefit plan obligations 46,151 45,805 59,557
Long-term debt, less current maturities 402,360 436,208 323,258
Deferred income taxes 179,780 186,073 139,145
Total liabilities $ 1,550,919 $ 1,575,362 $ 1,489,709
Commitments and contingencies
Shareholders’ equity:      
Common shares, without par value (63,000 shares authorized; 29,430, 29,353 and 29,430 shares issued at 3/31/16, 12/31/15 and 3/31/15, respectively) $ 96 $ 96 $ 96
Preferred shares, without par value (1,000 shares authorized; none issued) 0 0 0
Additional paid-in-capital 217,050 222,848 223,179
Treasury shares, at cost (1,185, 1,397 and 859 shares at 3/31/16, 12/31/15 and 3/31/15, respectively) (44,774) (52,902) (32,551)
Accumulated other comprehensive loss [1] (18,327) (20,939) (58,130)
Retained earnings 596,115 615,151 644,530
Total shareholders’ equity of The Andersons, Inc. 750,160 764,254 777,124
Noncontrolling interests 18,559 19,485 20,794
Total equity 768,719 783,739 797,918
Total liabilities and equity $ 2,319,638 $ 2,359,101 $ 2,287,627
[1] All amounts are net of tax. Amounts in parentheses indicate debits