v2.4.0.8
Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Sep. 30, 2013
Current assets:      
Cash and cash equivalents $ 326,946 $ 309,085 $ 134,441
Restricted cash 173 408 164
Accounts receivable, net 162,270 173,930 178,970
Inventories (Note 2) 396,464 614,923 429,017
Commodity derivative assets – current 126,396 71,319 105,390
Deferred income taxes 148 4,931 5,254
Other current assets 36,518 47,188 42,278
Total current assets 1,048,915 1,221,784 895,514
Other assets:      
Commodity derivative assets – noncurrent 2,383 246 5
Goodwill 58,554 58,554 58,554
Other assets, net 54,587 59,456 52,177
Pension asset 13,738 14,328 0
Equity method investments 257,166 291,109 262,643
Investments and Other Noncurrent Assets 386,428 423,693 373,379
Railcar assets leased to others, net (Note 3) 245,849 240,621 233,024
Property, plant and equipment, net (Note 3) 401,800 387,458 380,374
Total assets 2,082,992 2,273,556 1,882,291
Current liabilities:      
Short-term Debt 451 0 0
Accounts payable for grain 222,178 592,183 241,575
Other accounts payable 165,133 154,599 200,664
Customer prepayments and deferred revenue 27,246 59,304 23,974
Commodity derivative liabilities – current 229,265 63,954 88,234
Accrued expenses and other current liabilities 70,598 70,295 63,900
Current maturities of long-term debt (Note 10) 76,757 51,998 44,232
Total current liabilities 791,628 992,333 662,579
Other long-term liabilities 13,902 15,386 17,129
Commodity derivative liabilities – noncurrent 26,203 6,644 9,636
Employee benefit plan obligations 39,606 39,477 49,768
Long-term debt, less current maturities (Note 10) 289,448 375,213 381,018
Deferred income taxes 120,628 120,082 91,869
Total liabilities 1,281,415 1,549,135 1,211,999
Commitments and contingencies (Note 11)         
Shareholders’ equity:      
Common shares, without par value (42,000 shares authorized; 28,797 shares issued) 96 96 96
Preferred shares, without par value (1,000 shares authorized; none issued) 0 0 0
Additional paid-in-capital 190,617 184,380 183,273
Treasury shares, at cost (373, 607 and 685 shares at 9/30/14, 12/31/13 and 9/30/13, respectively) (8,762) (10,222) (11,327)
Accumulated other comprehensive loss (27,971) [1] (21,181) (41,586) [1]
Retained earnings 622,722 548,401 520,848
Total shareholders’ equity of The Andersons, Inc. 776,702 701,474 651,304
Noncontrolling interests 24,875 22,947 18,988
Total equity 801,577 724,421 670,292
Total liabilities and equity $ 2,082,992 $ 2,273,556 $ 1,882,291
[1] All amounts are net of tax. Amounts in parentheses indicates debits