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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Mar. 31, 2018
Current assets:      
Cash and cash equivalents $ 29,991 $ 22,593 $ 31,497
Accounts receivable, net 611,290 207,285 216,021
Inventories 1,026,465 690,804 731,629
Commodity derivative assets – current 158,277 51,421 43,810
Other current assets 60,222 50,703 57,147
Assets held for sale 364 392 57,775
Total current assets 1,886,609 1,023,198 1,137,879
Other assets:      
Commodity derivative assets – noncurrent 3,757 480 1,739
Goodwill 119,641 6,024 6,024
Other intangible assets, net 206,572 99,138 108,855
Right of use assets, net 85,766 0 0
Other assets, net 26,692 22,341 28,566
Equity method investments 121,781 242,326 224,449
Other noncurrent assets 564,209 370,309 369,633
Rail Group assets leased to others, net 537,629 521,785 462,253
Property, plant and equipment, net 671,805 476,711 393,763
Total assets 3,660,252 2,392,003 2,363,528
Current liabilities:      
Short-term debt 434,304 205,000 489,000
Trade and other payables 590,258 462,535 263,519
Customer prepayments and deferred revenue 148,345 32,533 81,778
Commodity derivative liabilities – current 66,623 32,647 15,424
Accrued expenses and other current liabilities 151,648 79,046 60,095
Current maturities of long-term debt 55,160 21,589 14,134
Total current liabilities 1,446,338 833,350 923,950
Long-term lease liabilities 57,451 0 0
Other long-term liabilities 12,262 32,184 31,536
Commodity derivative liabilities – noncurrent 3,821 889 1,414
Employee benefit plan obligations 21,471 22,542 26,310
Long-term debt, less current maturities 982,025 496,187 438,628
Deferred income taxes 138,598 130,087 118,933
Total liabilities 2,661,966 1,515,239 1,540,771
Commitments and contingencies
Shareholders’ equity:      
Common shares, without par value (63,000 shares authorized; 33,357 shares issued at 3/31/2019, 29,430 shares issued at 12/31/2018 and 3/31/2018) 137 96 96
Preferred shares, without par value (1,000 shares authorized; none issued) 0 0 0
Additional paid-in-capital 324,753 224,396 221,990
Treasury shares, at cost (193, 936 and 955 shares at 3/31/2019, 12/31/2018 and 3/31/2018, respectively) (7,216) (35,300) (36,028)
Accumulated other comprehensive income (loss) [1] 2,474 (6,387) (3,988)
Retained earnings 627,136 647,517 618,572
Total shareholders’ equity of The Andersons, Inc. 947,284 830,322 800,642
Noncontrolling interests 51,002 46,442 22,115
Total equity 998,286 876,764 822,757
Total liabilities and equity $ 3,660,252 $ 2,392,003 $ 2,363,528
[1] All amounts are net of tax. Amounts in parentheses indicate debits