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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Sep. 30, 2016
Current assets:      
Cash and cash equivalents $ 24,478 $ 62,630 $ 78,158
Restricted cash 0 471 190
Accounts receivable, net 196,192 194,698 173,593
Inventories 475,602 682,747 427,754
Commodity derivative assets – current 45,202 45,447 59,837
Other current assets 53,958 72,133 43,761
Assets held for sale (Note 16) 8,383 0 0
Total current assets 803,815 1,058,126 783,293
Other assets:      
Commodity derivative assets – noncurrent 245 100 1,346
Goodwill (Note 17) 23,105 63,934 63,934
Other intangible assets, net 113,371 106,100 110,155
Other assets, net 11,852 10,411 5,921
Equity method investments 215,031 216,931 225,114
Investments and Other Noncurrent Assets 363,604 397,476 406,470
Rail Group assets leased to others, net 377,393 327,195 334,401
Property, plant and equipment, net 419,348 450,052 460,247
Total assets 1,964,160 2,232,849 1,984,411
Current liabilities:      
Short-term debt 19,000 29,000 0
Trade and other payables 381,359 581,826 356,931
Customer prepayments and deferred revenue 29,520 48,590 15,725
Commodity derivative liabilities – current 38,578 23,167 59,770
Accrued expenses and other current liabilities 67,064 69,648 68,465
Current maturities of long-term debt 53,972 47,545 51,520
Total current liabilities 589,493 799,776 552,411
Other long-term liabilities 34,407 27,833 30,525
Commodity derivative liabilities – noncurrent 902 339 1,954
Employee benefit plan obligations 36,356 35,026 45,260
Long-term debt, less current maturities 371,315 397,065 395,559
Deferred income taxes 181,876 182,113 178,535
Total liabilities 1,214,349 1,442,152 1,204,244
Commitments and contingencies
Shareholders’ equity:      
Common shares, without par value (63,000 shares authorized; 29,430 shares issued at 9/30/2017, 12/31/16 and 9/30/2016) 96 96 96
Preferred shares, without par value (1,000 shares authorized; none issued) 0 0 0
Additional paid-in-capital 223,814 222,910 221,326
Treasury shares, at cost (1,079, 1,201 and 1,195 shares at 9/30/2017, 12/31/16 and 9/30/2016, respectively) (40,905) (45,383) (45,130)
Accumulated other comprehensive loss [1] (9,682) (12,468) (17,305)
Retained earnings 568,438 609,206 603,556
Total shareholders’ equity of The Andersons, Inc. 741,761 774,361 762,543
Noncontrolling interests 8,050 16,336 17,624
Total equity 749,811 790,697 780,167
Total liabilities and equity $ 1,964,160 $ 2,232,849 $ 1,984,411
[1] All amounts are net of tax. Amounts in parentheses indicate debits