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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Mar. 31, 2021
Current assets:      
Cash and cash equivalents $ 36,381 $ 216,444 $ 35,393
Accounts receivable, net 1,050,259 835,180 677,118
Inventories 1,950,303 1,814,538 1,287,637
Commodity derivative assets – current 769,916 410,813 317,939
Current assets held-for-sale 20,255 20,885 37,136
Other current assets 113,589 74,468 81,666
Total current assets 3,940,703 3,372,328 2,436,889
Other assets:      
Goodwill 129,342 129,342 131,542
Other intangible assets, net 111,055 117,137 133,198
Right of use assets, net 51,821 52,146 34,966
Other assets held-for-sale (Note 14) 45,264 43,169 629,228
Other assets, net 92,506 69,068 60,964
Total other assets 429,988 410,862 989,898
Property, plant and equipment, net 772,245 786,029 839,950
Total assets 5,142,936 4,569,219 4,266,737
Current liabilities:      
Short-term debt 1,449,768 501,792 915,205
Trade and other payables 741,124 1,199,324 534,660
Customer prepayments and deferred revenue 384,723 358,119 161,696
Commodity derivative liabilities – current 216,836 128,911 91,448
Current maturities of long-term debt 54,158 32,256 42,824
Current liabilities held-for-sale (Note 14) 10,200 13,379 26,362
Accrued expenses and other current liabilities 205,958 230,148 145,921
Total current liabilities 3,062,767 2,463,929 1,918,116
Long-term lease liabilities 31,419 31,322 21,210
Long-term debt, less current maturities 571,181 600,487 877,583
Deferred income taxes 68,437 71,127 173,481
Non-current liabilities held-for-sale 14,738 16,119 45,172
Other long-term liabilities 77,173 78,531 48,624
Total liabilities 3,825,715 3,261,515 3,084,186
Commitments and contingencies
Shareholders’ equity:      
Common shares, without par value (63,000 shares authorized; 34,064, 33,870 and 33,786 shares issued at 3/31/2022, 12/31/2021 and 3/31/2021, respectively) 142 140 140
Preferred shares, without par value (1,000 shares authorized; none issued) 0 0 0
Additional paid-in-capital 375,794 368,595 355,961
Treasury shares, at cost (61, 11 and 123 shares at 3/31/2022, 12/31/2021 and 3/31/2021, respectively) (2,265) (263) (2,872)
Accumulated other comprehensive income (loss) 13,555 1,194 (1,214)
Retained earnings 701,799 702,759 631,652
Total shareholders’ equity of The Andersons, Inc. 1,089,025 1,072,425 983,667
Noncontrolling interests 228,196 235,279 198,884
Total equity 1,317,221 1,307,704 1,182,551
Total liabilities and equity $ 5,142,936 $ 4,569,219 $ 4,266,737