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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Jun. 30, 2018
Current assets:      
Cash and cash equivalents $ 11,087 $ 22,593 $ 58,611
Accounts receivable, net 712,294 207,285 218,476
Inventories 753,641 690,804 495,611
Commodity derivative assets – current 233,015 51,421 54,259
Other current assets 58,439 50,703 42,648
Assets held for sale 151 392 9,816
Total current assets 1,768,627 1,023,198 879,421
Other assets:      
Commodity derivative assets – noncurrent 6,161 480 1,008
Goodwill 135,872 6,024 6,024
Other intangible assets, net 188,818 99,138 105,289
Right of use assets, net 74,073 0 0
Other assets, net 21,841 22,341 26,888
Equity method investments 120,929 242,326 232,159
Other noncurrent assets 547,694 370,309 371,368
Rail Group assets leased to others, net 559,711 521,785 458,424
Property, plant and equipment, net 695,827 476,711 408,575
Total assets 3,571,859 2,392,003 2,117,788
Current liabilities:      
Short-term debt 426,125 205,000 185,000
Trade and other payables 527,250 462,535 282,221
Customer prepayments and deferred revenue 49,761 32,533 16,103
Commodity derivative liabilities – current 69,369 32,647 85,160
Accrued expenses and other current liabilities 165,383 79,046 74,512
Current maturities of long-term debt 66,678 21,589 13,700
Total current liabilities 1,304,566 833,350 656,696
Long-term lease liabilities 48,401 0 0
Other long-term liabilities 18,398 32,184 30,325
Commodity derivative liabilities – noncurrent 3,985 889 3,202
Employee benefit plan obligations 22,019 22,542 26,131
Long-term debt, less current maturities 1,007,012 496,187 435,580
Deferred income taxes 146,839 130,087 118,864
Total liabilities 2,551,220 1,515,239 1,270,798
Commitments and contingencies
Shareholders’ equity:      
Common shares, without par value (63,000 shares authorized; 33,357 shares issued at 6/30/2019, 29,430 shares issued at 12/31/2018 and 6/30/2018) 137 96 96
Preferred shares, without par value (1,000 shares authorized; none issued) 0 0 0
Additional paid-in-capital 331,186 224,396 223,259
Treasury shares, at cost (173, 936 and 943 shares at 6/30/2019, 12/31/2018 and 6/30/2018, respectively) (6,449) (35,300) (35,561)
Accumulated other comprehensive income (loss) [1] (6,241) (6,387) (5,347)
Retained earnings 651,481 647,517 635,438
Total shareholders’ equity of The Andersons, Inc. 970,114 830,322 817,885
Noncontrolling interests 50,525 46,442 29,105
Total equity 1,020,639 876,764 846,990
Total liabilities and equity $ 3,571,859 $ 2,392,003 $ 2,117,788
[1] All amounts are net of tax. Amounts in parentheses indicate debits