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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 643,854 $ 115,269
Accounts receivable, less allowance for doubtful accounts of $35,939 in 2023; $26,392 in 2022 762,549 1,248,878
Inventories 1,166,700 1,731,725
Commodity derivative assets – current 178,083 295,588
Other current assets 55,777 74,493
Total current assets 2,806,963 3,465,953
Other assets:    
Goodwill 127,856 129,342
Other intangible assets, net 85,579 100,907
Right of use assets, net 54,234 61,890
Other assets 87,010 87,175
Total other assets 354,679 379,314
Property, plant and equipment, net 693,365 762,729
Total assets 3,855,007 4,607,996
Current liabilities:    
Short-term debt 43,106 272,575
Trade and other payables 1,055,473 1,423,633
Customer prepayments and deferred revenue 187,054 370,524
Commodity derivative liabilities – current 90,849 98,519
Current maturities of long-term debt 27,561 110,155
Accrued expenses and other current liabilities 232,288 245,916
Total current liabilities 1,636,331 2,521,322
Long-term lease liabilities 31,659 37,147
Long-term debt, less current maturities 562,960 492,518
Deferred income taxes 58,581 64,080
Other long-term liabilities 49,089 63,160
Total liabilities 2,338,620 3,178,227
Commitments and contingencies (Note 14)
Shareholders’ equity:    
Common shares, without par value (63,000,000 shares authorized; 34,063,983 shares issued in both 2023 and 2022) 142 142
Preferred shares, without par value (1,000,000 shares authorized; none issued) 0 0
Additional paid-in capital 387,210 385,248
Treasury shares, at cost (269,797 in 2023; 445,800 in 2022) (10,261) (15,043)
Accumulated other comprehensive income 22,865 20,484
Retained earnings 882,943 807,770
Total shareholders’ equity of The Andersons, Inc. 1,282,899 1,198,601
Noncontrolling interests 233,488 231,168
Total equity 1,516,387 1,429,769
Total liabilities and equity $ 3,855,007 $ 4,607,996