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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Jun. 30, 2024
Current assets:      
Cash and cash equivalents $ 350,970 $ 561,771 $ 530,386
Accounts receivable, net 783,892 764,550 743,550
Inventories 771,868 1,286,811 686,540
Commodity derivative assets – current 147,937 148,801 180,189
Other current assets 120,780 88,344 108,634
Total current assets 2,175,447 2,850,277 2,249,299
Property, plant and equipment, net 883,985 868,151 694,136
Other assets, net 387,059 402,886 356,378
Total assets 3,446,491 4,121,314 3,299,813
Current liabilities:      
Short-term debt 104,467 166,614 4,021
Trade and other payables 572,232 1,047,436 607,083
Customer prepayments and deferred revenue 73,545 194,025 124,424
Commodity derivative liabilities – current 79,253 59,766 128,847
Current maturities of long-term debt 64,210 36,139 27,671
Accrued expenses and other current liabilities 186,902 227,192 192,683
Total current liabilities 1,080,609 1,731,172 1,084,729
Long-term debt, less current maturities 578,464 608,151 549,378
Other long-term liabilities 176,908 182,155 145,444
Total liabilities 1,835,981 2,521,478 1,779,551
Commitments and contingencies
Shareholders’ equity:      
Common shares, without par value (63,000 shares authorized and 34,207, 34,083 and 34,083 shares issued at 6/30/2025, 12/31/2024 and 6/30/2024, respectively) 144 142 142
Preferred shares, without par value (1,000 shares authorized; none issued) 0 0 0
Additional paid-in-capital 384,654 385,609 378,454
Treasury shares, at cost (0, 70 and 14 shares at 6/30/2025, 12/31/2024 and 6/30/2024, respectively) 0 (2,860) (631)
Accumulated other comprehensive income 14,334 12,585 21,181
Retained earnings 965,277 970,710 911,455
Total shareholders’ equity of The Andersons, Inc. 1,364,409 1,366,186 1,310,601
Noncontrolling interests 246,101 233,650 209,661
Total equity 1,610,510 1,599,836 1,520,262
Total liabilities and equity $ 3,446,491 $ 4,121,314 $ 3,299,813