XML 45 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Dec. 31, 2011
Current assets:      
Cash and cash equivalents $ 31,874 $ 22,320 $ 20,390
Restricted cash 18,785 12,353 18,651
Accounts receivable, net 204,400 220,665 167,640
Inventories 787,646 775,017 760,459
Commodity derivative assets - current 33,845 178,767 83,950
Deferred income taxes 23,062 18,578 21,483
Other current assets 62,577 46,721 34,649
Total current assets 1,162,189 1,274,421 1,107,222
Other assets:      
Commodity derivative assets - noncurrent 1,189 12,996 2,289
Other assets, net 68,311 47,819 53,327
Equity method investments 190,460 173,977 199,061
Total other assets 259,960 234,792 254,677
Railcar assets leased to others, net 215,023 169,189 197,137
Property, plant and equipment, net 187,584 150,262 175,087
Total assets 1,824,756 1,828,664 1,734,123
Current liabilities:      
Borrowings under short-term line of credit 365,000 460,000 71,500
Accounts payable for grain 115,236 90,442 391,905
Other accounts payable 173,254 145,685 142,762
Customer prepayments and deferred revenue 115,109 115,908 79,557
Commodity derivative liabilities - current 34,113 67,869 15,874
Accrued expenses and other current liabilities 45,994 42,119 60,445
Current maturities of long-term debt 30,342 42,783 32,208
Total current liabilities 879,048 964,806 794,251
Other long-term liabilities 44,950 25,759 43,014
Commodity derivative liabilities - noncurrent 2,352 110 1,519
Employee benefit plan obligations 53,080 29,946 52,972
Long-term debt, less current maturities 220,417 263,218 238,885
Deferred income taxes 68,051 63,727 64,640
Total liabilities 1,267,898 1,347,566 1,195,281
Commitments and contingencies (Note 11)         
Shareholders' equity:      
Common shares, without par value (42,000 shares authorized at 3/31/12, 12/31/11 and 3/31/11; 19,198 shares issued) 96 96 96
Preferred shares, without par value (1,000 shares authorized; none issued)         
Additional paid-in capital 179,783 176,848 179,463
Treasury shares (570, 697 and 629 shares at 3/31/12, 12/31/11 and 3/31/11, respectively; at cost) (12,700) (12,118) (14,997)
Accumulated other comprehensive loss (42,625) (28,518) (43,090)
Retained earnings 418,136 331,540 402,523
Total shareholders' equity of The Andersons, Inc. 542,690 467,848 523,995
Noncontrolling interest 14,168 13,250 14,847
Total equity 556,858 481,098 538,842
Total liabilities and equity $ 1,824,756 $ 1,828,664 $ 1,734,123