XML 16 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
shares in Thousands, $ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Jun. 30, 2019
Current assets:      
Cash, cash equivalents and restricted cash $ 30,011 $ 54,895 $ 11,087
Accounts receivable, net 537,011 536,367 712,294
Inventories 616,323 1,170,536 753,641
Commodity derivative assets – current 112,089 107,863 233,015
Other current assets 102,755 75,681 58,590
Total current assets 1,398,189 1,945,342 1,768,627
Other assets:      
Goodwill (Note 16) 135,709 135,360 135,872
Other intangible assets, net 160,180 175,312 188,818
Right of use assets, net 62,838 76,401 74,073
Equity method investments 25,083 23,857 120,929
Other assets, net 23,152 21,753 28,002
Total other assets 406,962 432,683 547,694
Rail Group assets leased to others, net 592,821 584,298 559,711
Property, plant and equipment, net 906,017 938,418 695,827
Total assets 3,303,989 3,900,741 3,571,859
Current liabilities:      
Short-term debt 96,071 147,031 426,125
Trade and other payables 503,892 873,081 527,250
Customer prepayments and deferred revenue 45,734 133,585 49,761
Commodity derivative liabilities – current 65,186 46,942 69,369
Current maturities of long-term debt 68,477 62,899 66,678
Accrued expenses and other current liabilities 147,422 176,381 165,383
Total current liabilities 926,782 1,439,919 1,304,566
Long-term lease liabilities 41,061 51,091 48,401
Long-term debt, less current maturities 975,973 1,016,248 1,007,012
Deferred income taxes 162,475 146,155 146,839
Other long-term liabilities 65,615 51,673 44,402
Total liabilities 2,171,906 2,705,086 2,551,220
Commitments and contingencies
Shareholders’ equity:      
Common shares, without par value (63,000 shares authorized; 33,599 shares issued at 6/30/2020, 33,550 shares issued at 12/31/2019 and 33,357 shares issued at 6/30/2019) 138 137 137
Preferred shares, without par value (1,000 shares authorized; none issued) 0 0 0
Additional paid-in-capital 343,730 345,359 331,186
Treasury shares, at cost (40, 207 and 173 shares at 6/30/2020, 12/31/2019 and 6/30/2019, respectively) (953) (7,342) (6,449)
Accumulated other comprehensive loss (26,245) (7,231) (6,241)
Retained earnings 622,718 642,687 651,481
Total shareholders’ equity of The Andersons, Inc. 939,388 973,610 970,114
Noncontrolling interests 192,695 222,045 50,525
Total equity 1,132,083 1,195,655 1,020,639
Total liabilities and equity $ 3,303,989 $ 3,900,741 $ 3,571,859
Preferred Stock, Shares Issued 0 0 0