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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Mar. 31, 2024
Current assets:      
Cash and cash equivalents $ 219,219 $ 561,771 $ 283,902
Accounts receivable, net 812,482 764,550 701,706
Inventories 1,249,047 1,286,811 994,543
Commodity derivative assets – current 155,028 148,801 178,623
Other current assets 92,968 88,344 55,134
Total current assets 2,528,744 2,850,277 2,213,908
Property, plant and equipment, net 860,246 868,151 689,113
Other assets, net 408,692 402,886 358,052
Total assets 3,797,682 4,121,314 3,261,073
Current liabilities:      
Short-term debt 222,691 166,614 10,148
Trade and other payables 661,202 1,047,436 625,836
Customer prepayments and deferred revenue 223,702 194,025 174,651
Commodity derivative liabilities – current 69,648 59,766 67,079
Current maturities of long-term debt 62,675 36,139 27,617
Accrued expenses and other current liabilities 194,390 227,192 177,953
Total current liabilities 1,434,308 1,731,172 1,083,284
Long-term debt, less current maturities 588,087 608,151 556,174
Other long-term liabilities 180,853 182,155 145,965
Total liabilities 2,203,248 2,521,478 1,785,423
Commitments and contingencies
Shareholders’ equity:      
Common shares, without par value (63,000 shares authorized and 34,188, 34,083 and 34,064 shares issued at 3/31/2025, 12/31/2024 and 3/31/2024, respectively) 143 142 142
Preferred shares, without par value (1,000 shares authorized; none issued) 0 0 0
Additional paid-in-capital 382,623 385,609 375,155
Treasury shares, at cost (0, 70 and 14 shares at 3/31/2025, 12/31/2024 and 3/31/2024, respectively) 0 (2,860) (631)
Accumulated other comprehensive income 8,857 12,585 23,411
Retained earnings 964,114 970,710 881,911
Total shareholders’ equity of The Andersons, Inc. 1,355,737 1,366,186 1,279,988
Noncontrolling interests 238,697 233,650 195,662
Total equity 1,594,434 1,599,836 1,475,650
Total liabilities and equity $ 3,797,682 $ 4,121,314 $ 3,261,073