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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Mar. 31, 2023
Current assets:      
Cash and cash equivalents $ 283,902 $ 643,854 $ 70,853
Accounts receivable, net 701,706 762,549 1,125,071
Inventories 994,543 1,166,700 1,551,101
Commodity derivative assets – current 178,623 178,083 222,036
Other current assets 55,134 55,777 81,407
Total current assets 2,213,908 2,806,963 3,050,468
Other assets:      
Goodwill 127,856 127,856 129,342
Other intangible assets, net 80,527 85,579 95,134
Right of use assets, net 52,541 54,234 59,209
Other assets, net 97,128 87,010 89,174
Total other assets 358,052 354,679 372,859
Property, plant and equipment, net 689,113 693,365 678,717
Total assets 3,261,073 3,855,007 4,102,044
Current liabilities:      
Short-term debt 10,148 43,106 638,210
Trade and other payables 625,836 1,055,473 768,872
Customer prepayments and deferred revenue 174,651 187,054 309,546
Commodity derivative liabilities – current 67,079 90,849 107,983
Current maturities of long-term debt 27,617 27,561 85,567
Accrued expenses and other current liabilities 177,953 232,288 202,133
Total current liabilities 1,083,284 1,636,331 2,112,311
Long-term lease liabilities 31,223 31,659 35,727
Long-term debt, less current maturities 556,174 562,960 486,892
Deferred income taxes 59,149 58,581 54,391
Other long-term liabilities 55,593 49,089 66,311
Total liabilities 1,785,423 2,338,620 2,755,632
Commitments and contingencies
Shareholders’ equity:      
Common shares, without par value (63,000 shares authorized and 34,064 shares issued for all periods presented) 142 142 142
Preferred shares, without par value (1,000 shares authorized; none issued) 0 0 0
Additional paid-in-capital 375,155 387,210 377,768
Treasury shares, at cost (14, 270 and 289 shares at 3/31/2024, 12/31/2023 and 3/31/2023, respectively) (631) (10,261) (11,006)
Accumulated other comprehensive income 23,411 22,865 16,267
Retained earnings 881,911 882,943 786,420
Total shareholders’ equity of The Andersons, Inc. 1,279,988 1,282,899 1,169,591
Noncontrolling interests 195,662 233,488 176,821
Total equity 1,475,650 1,516,387 1,346,412
Total liabilities and equity $ 3,261,073 $ 3,855,007 $ 4,102,044