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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Sep. 30, 2023
Current assets:      
Cash and cash equivalents $ 454,065 $ 643,854 $ 418,055
Accounts receivable, net 756,618 762,549 816,686
Inventories 884,339 1,166,700 985,292
Commodity derivative assets – current 122,326 178,083 239,595
Other current assets 113,726 55,777 67,471
Total current assets 2,331,074 2,806,963 2,527,099
Property, plant and equipment, net 709,951 693,365 680,188
Other assets, net 347,274 354,679 380,815
Total assets 3,388,299 3,855,007 3,588,102
Current liabilities:      
Short-term debt 14,716 43,106 14,138
Trade and other payables 774,347 1,055,473 822,153
Customer prepayments and deferred revenue 67,899 187,054 211,867
Commodity derivative liabilities – current 85,640 90,849 142,511
Current maturities of long-term debt 27,727 27,561 27,535
Accrued expenses and other current liabilities 207,543 232,288 189,430
Total current liabilities 1,177,872 1,636,331 1,407,634
Long-term debt, less current maturities 542,564 562,960 569,730
Other long-term liabilities 144,855 139,329 161,652
Total liabilities 1,865,291 2,338,620 2,139,016
Commitments and contingencies
Shareholders’ equity:      
Common shares, without par value (63,000 shares authorized and 34,083 shares at 9/30/2024 and 34,064 shares issued at 12/31/2023 and 9/30/2023) 143 142 142
Preferred shares, without par value (1,000 shares authorized; none issued) 0 0 0
Additional paid-in-capital 382,009 387,210 383,724
Treasury shares, at cost (12, 270 and 270 shares at 9/30/2024, 12/31/2023 and 9/30/2023, respectively) (572) (10,261) (10,266)
Accumulated other comprehensive income 15,376 22,865 28,579
Retained earnings 932,215 882,943 838,556
Total shareholders’ equity of The Andersons, Inc. 1,329,171 1,282,899 1,240,735
Noncontrolling interests 193,837 233,488 208,351
Total equity 1,523,008 1,516,387 1,449,086
Total liabilities and equity $ 3,388,299 $ 3,855,007 $ 3,588,102