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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Jun. 30, 2023
Current assets:      
Cash and cash equivalents $ 530,386 $ 643,854 $ 96,293
Accounts receivable, net 743,550 762,549 1,030,271
Inventories 686,540 1,166,700 990,789
Commodity derivative assets – current 180,189 178,083 347,684
Other current assets 108,634 55,777 72,228
Total current assets 2,249,299 2,806,963 2,537,265
Property, plant and equipment, net 694,136 693,365 663,441
Other assets, net 356,378 354,679 369,340
Total assets 3,299,813 3,855,007 3,570,046
Current liabilities:      
Short-term debt 4,021 43,106 102,752
Trade and other payables 607,083 1,055,473 641,376
Customer prepayments and deferred revenue 124,424 187,054 189,947
Commodity derivative liabilities – current 128,847 90,849 251,101
Current maturities of long-term debt 27,671 27,561 27,511
Accrued expenses and other current liabilities 192,683 232,288 180,552
Total current liabilities 1,084,729 1,636,331 1,393,239
Long-term debt, less current maturities 549,378 562,960 576,489
Other long-term liabilities 145,444 139,329 161,836
Total liabilities 1,779,551 2,338,620 2,131,564
Commitments and contingencies
Shareholders’ equity:      
Common shares, without par value (63,000 shares authorized and 34,083 shares at 6/30/2024 and 34,064 shares at 12/31/2023 and 6/30/2023) 143 142 142
Preferred shares, without par value (1,000 shares authorized; none issued) 0 0 0
Additional paid-in-capital 378,453 387,210 380,376
Treasury shares, at cost (14, 270 and 270 shares at 6/30/2024, 12/31/2023 and 6/30/2023, respectively) (631) (10,261) (10,270)
Accumulated other comprehensive income 21,181 22,865 25,482
Retained earnings 911,455 882,943 835,256
Total shareholders’ equity of The Andersons, Inc. 1,310,601 1,282,899 1,230,986
Noncontrolling interests 209,661 233,488 207,496
Total equity 1,520,262 1,516,387 1,438,482
Total liabilities and equity $ 3,299,813 $ 3,855,007 $ 3,570,046