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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Mar. 31, 2016
Current assets:      
Cash and cash equivalents $ 29,645 $ 62,630 $ 46,301
Restricted cash 752 471 718
Accounts receivable, net 190,628 194,698 207,740
Inventories 641,294 682,747 703,452
Commodity derivative assets – current 48,049 45,447 61,316
Other current assets 83,623 72,133 76,575
Total current assets 993,991 1,058,126 1,096,102
Other assets:      
Commodity derivative assets – noncurrent 339 100 371
Goodwill 63,934 63,934 63,934
Other intangible assets, net 103,057 106,100 117,023
Other assets, net 8,108 10,411 5,803
Equity method investments 208,993 216,931 236,083
Investments and Other Noncurrent Assets 384,431 397,476 423,214
Rail Group assets leased to others, net 342,936 327,195 337,661
Property, plant and equipment, net 440,395 450,052 462,661
Total assets 2,161,753 2,232,849 2,319,638
Current liabilities:      
Short-term debt 255,000 29,000 274,002
Trade and other payables 276,834 581,826 367,338
Customer prepayments and deferred revenue 81,628 48,590 100,384
Commodity derivative liabilities – current 29,914 23,167 33,394
Accrued expenses and other current liabilities 65,952 69,648 65,129
Current maturities of long-term debt 56,144 47,545 54,044
Total current liabilities 765,472 799,776 894,291
Other long-term liabilities 36,125 27,833 27,463
Commodity derivative liabilities – noncurrent 450 339 874
Employee benefit plan obligations 34,832 35,026 46,151
Long-term debt, less current maturities 365,971 397,065 402,360
Deferred income taxes 181,541 182,113 179,780
Total liabilities 1,384,391 1,442,152 1,550,919
Commitments and contingencies
Shareholders’ equity:      
Common shares, without par value (63,000 shares authorized; 29,430 shares issued at 3/31/2017, 12/31/16 and 3/31/2016) 96 96 96
Preferred shares, without par value (1,000 shares authorized; none issued) 0 0 0
Additional paid-in-capital 220,366 222,910 217,050
Treasury shares, at cost (1,074, 1,201 and 1,185 shares at 3/31/2017, 12/31/16 and 3/31/2016, respectively) (40,727) (45,383) (44,774)
Accumulated other comprehensive loss [1] (11,964) (12,468) (18,327)
Retained earnings 601,560 609,206 596,115
Total shareholders’ equity of The Andersons, Inc. 769,331 774,361 750,160
Noncontrolling interests 8,031 16,336 18,559
Total equity 777,362 790,697 768,719
Total liabilities and equity $ 2,161,753 $ 2,232,849 $ 2,319,638
[1] All amounts are net of tax. Amounts in parentheses indicate debits