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Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Dec. 31, 2010
Current assets:      
Cash and cash equivalents $ 18,616 $ 204,317 $ 29,219
Restricted cash 12,572 3,548 12,134
Accounts receivable, net 240,254 132,701 152,227
Inventories 469,551 237,994 647,189
Commodity derivative assets - current 187,438 21,534 246,475
Deferred income taxes 17,710 11,572 16,813
Other current assets 30,867 20,604 34,501
Total current assets 977,008 632,270 1,138,558
Other assets:      
Commodity derivative assets - noncurrent 8,560 389 18,113
Other assets, net 46,610 41,192 47,855
Equity method investments 179,888 168,098 175,349
Total other assets 235,058 209,679 241,317
Railcar assets leased to others, net 178,141 169,331 168,483
Property, plant and equipment, net 153,642 144,165 151,032
Total assets 1,543,849 1,155,445 1,699,390
Current liabilities:      
Borrowings under short-term line of credit 194,200 0 241,100
Accounts payable for grain 80,374 76,922 274,596
Other accounts payable 164,325 115,023 111,501
Customer prepayments and deferred revenue 64,231 12,712 78,550
Commodity derivative liabilities - current 24,289 54,918 57,621
Accrued expenses and other current liabilities 51,410 49,408 48,851
Current maturities of long-term debt 45,432 23,986 24,524
Total current liabilities 624,261 332,969 836,743
Other long-term liabilities 33,757 17,472 25,183
Commodity derivative liabilities - noncurrent 1,850 2,911 3,279
Employee benefit plan obligations 30,835 28,711 30,152
Long-term debt, less current maturities 260,645 281,740 276,825
Deferred income taxes 68,038 49,085 62,649
Total liabilities 1,019,386 712,888 1,234,831
Commitments and contingencies (Note 11)      
Shareholders' equity:      
Common shares, without par value (42,000 shares authorized at 6/30/11 and 12/31/10; 25,000 shares authorized at 6/30/10; 19,198 shares issued) 96 96 96
Preferred shares, without par value (1,000 shares authorized; none issued) 0 0 0
Additional paid-in-capital 177,266 176,736 177,875
Treasury shares (629, 762 and 769 shares at 6/30/11, 12/31/10 and 6/30/10, respectively; at cost) (12,214) (14,158) (14,058)
Accumulated other comprehensive loss (29,467) (26,807) (28,799)
Retained earnings 374,715 292,780 316,317
Total shareholders' equity of The Andersons, Inc. 510,396 428,647 451,431
Noncontrolling interest 14,067 13,910 13,128
Total shareholders' equity 524,463 442,557 464,559
Total liabilities and shareholders' equity $ 1,543,849 $ 1,155,445 $ 1,699,390