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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Mar. 31, 2020
Current assets:      
Cash and cash equivalents $ 35,393 $ 29,123 $ 19,693
Accounts receivable, net 699,725 659,834 539,671
Inventories 1,295,061 1,300,693 1,028,076
Commodity derivative assets – current 317,939 320,706 149,070
Other current assets 88,771 106,053 85,372
Total current assets 2,436,889 2,416,409 1,821,882
Other assets:      
Goodwill 135,709 135,709 135,360
Other intangible assets, net 135,611 142,940 167,398
Right of use assets, net 55,802 56,031 62,182
Other assets, net 63,858 49,907 47,215
Total other assets 390,980 384,587 412,155
Rail Group assets leased to others, net 580,599 591,946 597,069
Property, plant and equipment, net 858,269 879,179 921,585
Total assets 4,266,737 4,272,121 3,752,691
Current liabilities:      
Short-term debt 915,205 403,703 392,450
Trade and other payables 538,691 957,683 553,416
Customer prepayments and deferred revenue 163,935 180,160 121,148
Commodity derivative liabilities – current 91,448 146,990 90,491
Current maturities of long-term debt 49,937 75,475 80,758
Accrued expenses and other current liabilities 158,900 167,671 147,225
Total current liabilities 1,918,116 1,931,682 1,385,488
Long-term lease liabilities 37,246 37,177 43,308
Long-term debt, less current maturities 906,720 916,540 987,526
Deferred income taxes 173,481 170,147 156,804
Other long-term liabilities 48,623 55,915 65,703
Total liabilities 3,084,186 3,111,461 2,638,829
Commitments and contingencies
Shareholders’ equity:      
Common shares, without par value (63,000 shares authorized; 33,786, 33,599 and 33,550 shares issued at 3/31/2021, 12/31/2020 and 3/31/2020, respectively) 140 138 137
Preferred shares, without par value (1,000 shares authorized; none issued) 0 0 0
Additional paid-in-capital 355,961 348,714 341,382
Treasury shares, at cost (123, 45 and 21 shares at 3/31/2021, 12/31/2020 and 3/31/2020, respectively) (2,872) (966) (652)
Accumulated other comprehensive loss (1,214) (12,076) (27,649)
Retained earnings 631,652 626,081 599,039
Total shareholders’ equity of The Andersons, Inc. 983,667 961,891 912,257
Noncontrolling interests 198,884 198,769 201,605
Total equity 1,182,551 1,160,660 1,113,862
Total liabilities and equity $ 4,266,737 $ 4,272,121 $ 3,752,691