XML 86 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 20,390 $ 29,219
Restricted cash 18,651 12,134
Accounts receivable, less allowance for doubtful accounts of $4,799 in 2011; $5,684 in 2010 167,640 152,227
Inventories 760,459 647,189
Commodity derivative assets - current 83,950 246,475
Deferred income taxes 21,483 16,813
Other current assets 34,649 34,501
Total current assets 1,107,222 1,138,558
Other assets:    
Commodity derivative assets - noncurrent 2,289 18,113
Other assets, net 53,327 47,855
Equity method investments 199,061 175,349
Total other assets 254,677 241,317
Railcar assets leased to others, net 197,137 168,483
Property, plant and equipment, net 175,087 151,032
Total assets 1,734,123 1,699,390
Current liabilities:    
Borrowings under short-term line of credit 71,500 241,100
Accounts payable for grain 391,905 274,596
Other accounts payable 142,762 111,501
Customer prepayments and deferred revenue 79,557 78,550
Commodity derivative liabilities - current 15,874 57,621
Accrued expenses and other current liabilities 60,445 48,851
Current maturities of long-term debt 32,208 24,524
Total current liabilities 794,251 836,743
Other long-term liabilities 43,014 25,183
Commodity derivative liabilities - noncurrent 1,519 3,279
Employee benefit plan obligations 52,972 30,152
Long-term debt, less current maturities 238,885 276,825
Deferred income taxes 64,640 62,649
Total liabilities 1,195,281 1,234,831
Commitments and contingencies (Note 11)      
Shareholders' equity:    
Common shares, without par value, 42,000 shares authorized; 19,198 shares issued 96 96
Preferred shares, without par value, 1,000 shares authorized; none issued      
Additional paid-in capital 179,463 177,875
Treasury shares, at cost (697 in 2011; 762 in 2010) (14,997) (14,058)
Accumulated other comprehensive loss (43,090) (28,799)
Retained earnings 402,523 316,317
Total shareholders' equity of The Andersons, Inc. 523,995 451,431
Noncontrolling interest 14,847 13,128
Total equity 538,842 464,559
Total liabilities and equity $ 1,734,123 $ 1,699,390