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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Jun. 30, 2016
Current assets:      
Cash and cash equivalents $ 18,934 $ 62,630 $ 31,383
Restricted cash 1,033 471 987
Accounts receivable, net 186,331 194,698 212,588
Inventories 463,205 682,747 486,236
Commodity derivative assets – current 11,619 45,447 115,924
Other current assets 59,873 72,133 48,754
Assets held for sale (Note 16) 10,028 0 0
Total current assets 751,023 1,058,126 895,872
Other assets:      
Commodity derivative assets – noncurrent 1,191 100 1,934
Goodwill (Note 17) 23,105 63,934 63,934
Other intangible assets, net 113,492 106,100 113,245
Other assets, net 8,686 10,411 6,549
Equity method investments 215,794 216,931 238,478
Investments and Other Noncurrent Assets 362,268 397,476 424,140
Rail Group assets leased to others, net 375,092 327,195 340,136
Property, plant and equipment, net 423,042 450,052 447,267
Total assets 1,911,425 2,232,849 2,107,415
Current liabilities:      
Short-term debt 124,000 29,000 179,404
Trade and other payables 267,194 581,826 302,413
Customer prepayments and deferred revenue 15,113 48,590 18,252
Commodity derivative liabilities – current 18,104 23,167 43,183
Accrued expenses and other current liabilities 69,256 69,648 71,169
Current maturities of long-term debt 62,482 47,545 53,720
Total current liabilities 556,149 799,776 668,141
Other long-term liabilities 34,441 27,833 30,430
Commodity derivative liabilities – noncurrent 334 339 2,182
Employee benefit plan obligations 36,837 35,026 44,902
Long-term debt, less current maturities 354,066 397,065 398,746
Deferred income taxes 181,806 182,113 179,911
Total liabilities 1,163,633 1,442,152 1,324,312
Commitments and contingencies
Shareholders’ equity:      
Common shares, without par value (63,000 shares authorized; 29,430 shares issued at 6/30/2017, 12/31/16 and 6/30/2016) 96 96 96
Preferred shares, without par value (1,000 shares authorized; none issued) 0 0 0
Additional paid-in-capital 222,261 222,910 219,489
Treasury shares, at cost (1,080, 1,201 and 1,190 shares at 6/30/2017, 12/31/16 and 6/30/2016, respectively) (40,945) (45,383) (44,970)
Accumulated other comprehensive loss [1] (11,993) (12,468) (17,094)
Retained earnings 570,406 609,206 606,177
Total shareholders’ equity of The Andersons, Inc. 739,825 774,361 763,698
Noncontrolling interests 7,967 16,336 19,405
Total equity 747,792 790,697 783,103
Total liabilities and equity $ 1,911,425 $ 2,232,849 $ 2,107,415
[1] All amounts are net of tax. Amounts in parentheses indicate debits