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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Jun. 30, 2020
Current assets:      
Cash and cash equivalents $ 27,538 $ 29,123 $ 30,011
Accounts receivable, net 721,575 659,834 537,011
Inventories 912,299 1,300,693 616,323
Commodity derivative assets – current 507,148 320,706 112,089
Other current assets 65,740 106,053 102,755
Total current assets 2,234,300 2,416,409 1,398,189
Other assets:      
Goodwill 135,709 135,709 135,709
Other intangible assets, net 127,756 142,940 160,180
Right of use assets, net 61,299 56,031 62,838
Other assets, net 73,678 49,907 48,235
Total other assets 398,442 384,587 406,962
Rail Group assets leased to others, net 574,585 591,946 592,821
Property, plant and equipment, net 841,762 879,179 906,017
Total assets 4,049,089 4,272,121 3,303,989
Current liabilities:      
Short-term debt 757,271 403,703 96,071
Trade and other payables 547,169 957,683 503,892
Customer prepayments and deferred revenue 58,155 180,160 45,734
Commodity derivative liabilities – current 90,366 146,990 65,186
Current maturities of long-term debt 56,582 75,475 68,477
Accrued expenses and other current liabilities 181,015 167,671 147,422
Total current liabilities 1,690,558 1,931,682 926,782
Long-term lease liabilities 41,852 37,177 41,061
Long-term debt, less current maturities 866,454 916,540 975,973
Deferred income taxes 173,212 170,147 162,475
Other long-term liabilities 52,049 55,915 65,615
Total liabilities 2,824,125 3,111,461 2,171,906
Commitments and contingencies
Shareholders’ equity:      
Common shares, without par value (63,000 shares authorized; 33,786, 33,599 and 33,599 shares issued at 6/30/2021, 12/31/2020 and 6/30/2020, respectively) 140 138 138
Preferred shares, without par value (1,000 shares authorized; none issued) 0 0 0
Additional paid-in-capital 357,606 348,714 343,730
Treasury shares, at cost (111, 45 and 40 shares at 6/30/2021, 12/31/2020 and 6/30/2020, respectively) (2,650) (966) (953)
Accumulated other comprehensive loss (1,837) (12,076) (26,245)
Retained earnings 669,241 626,081 622,718
Total shareholders’ equity of The Andersons, Inc. 1,022,500 961,891 939,388
Noncontrolling interests 202,464 198,769 192,695
Total equity 1,224,964 1,160,660 1,132,083
Total liabilities and equity $ 4,049,089 $ 4,272,121 $ 3,303,989