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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
|---|---|---|
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Mar. 31, 2015
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Mar. 31, 2014
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| Operating activities | ||
| Net income | $ 3,945us-gaap_ProfitLoss | $ 26,029us-gaap_ProfitLoss |
| Adjustments to reconcile net income to cash used in operating activities: | ||
| Depreciation and amortization | 17,523us-gaap_DepreciationDepletionAndAmortization | 13,856us-gaap_DepreciationDepletionAndAmortization |
| Bad debt expense | 188us-gaap_ProvisionForDoubtfulAccounts | 377us-gaap_ProvisionForDoubtfulAccounts |
| Cash distributions in excess of (less than) income of unconsolidated affiliates | 1,404us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions | 45,061us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions |
| Gain on sale of investments in affiliates | 0us-gaap_GainOnSaleOfInvestments | (17,055)us-gaap_GainOnSaleOfInvestments |
| Gains on sales of Rail Group assets and related leases | (4,522)us-gaap_GainLossOnSaleOfLeasedAssetsNetOperatingLeases | (10,769)us-gaap_GainLossOnSaleOfLeasedAssetsNetOperatingLeases |
| Excess tax benefit from share-based payment arrangement | (224)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities | (1,608)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities |
| Deferred income taxes | (3,446)us-gaap_DeferredIncomeTaxExpenseBenefit | 6,264us-gaap_DeferredIncomeTaxExpenseBenefit |
| Stock-based compensation expense | 736us-gaap_ShareBasedCompensation | 1,462us-gaap_ShareBasedCompensation |
| Other | 890us-gaap_OtherNoncashIncomeExpense | (2,504)us-gaap_OtherNoncashIncomeExpense |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (28,366)us-gaap_IncreaseDecreaseInAccountsAndNotesReceivable | (19,390)us-gaap_IncreaseDecreaseInAccountsAndNotesReceivable |
| Inventories | 51,698us-gaap_IncreaseDecreaseInInventories | (110,661)us-gaap_IncreaseDecreaseInInventories |
| Commodity derivatives | (3,696)us-gaap_IncreaseDecreaseInCommodityContractAssetsAndLiabilities | (86,842)us-gaap_IncreaseDecreaseInCommodityContractAssetsAndLiabilities |
| Other assets | (4,042)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets | (1,730)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets |
| Accounts payable for grain | (329,821)ande_IncreaseDecreaseInAccountsPayableForGrain | (408,185)ande_IncreaseDecreaseInAccountsPayableForGrain |
| Other accounts payable and accrued expenses | 11,074us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | 67,082us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities |
| Net cash used in operating activities | (286,659)us-gaap_NetCashProvidedByUsedInOperatingActivities | (498,613)us-gaap_NetCashProvidedByUsedInOperatingActivities |
| Investing Activities | ||
| Purchases of Rail Group assets | (23,455)ande_PaymentToPurchasesRailcarsAndRelatedLeases | (14,005)ande_PaymentToPurchasesRailcarsAndRelatedLeases |
| Proceeds from sale of Rail Group assets | 12,851ande_ProceedsFromSaleOfRailcarsAndRelatedLeases | 25,465ande_ProceedsFromSaleOfRailcarsAndRelatedLeases |
| Purchases of property, plant and equipment | (6,742)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (5,523)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
| Proceeds from sale of property, plant and equipment | 80us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment | 108us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment |
| Proceeds from returns of investments in affiliates | 0us-gaap_ProceedsFromSaleOfEquityMethodInvestments | 31,457us-gaap_ProceedsFromSaleOfEquityMethodInvestments |
| Change in restricted cash | (256)us-gaap_IncreaseDecreaseInRestrictedCash | (244)us-gaap_IncreaseDecreaseInRestrictedCash |
| Net cash (used in) provided by investing activities | (17,522)us-gaap_NetCashProvidedByUsedInInvestingActivities | 37,258us-gaap_NetCashProvidedByUsedInInvestingActivities |
| Financing Activities | ||
| Net change in short-term borrowings | 308,500us-gaap_ProceedsFromRepaymentsOfShortTermDebt | 226,100us-gaap_ProceedsFromRepaymentsOfShortTermDebt |
| Proceeds from issuance of long-term debt | 30,799us-gaap_ProceedsFromIssuanceOfLongTermDebt | 3,598us-gaap_ProceedsFromIssuanceOfLongTermDebt |
| Payments of long-term debt | (63,466)us-gaap_RepaymentsOfUnsecuredDebt | (30,560)us-gaap_RepaymentsOfUnsecuredDebt |
| Purchase of treasury stock | (27,783)us-gaap_PaymentsForRepurchaseOfCommonStock | 0us-gaap_PaymentsForRepurchaseOfCommonStock |
| Proceeds from sale of treasury shares to employees and directors | 403us-gaap_ProceedsFromSaleOfTreasuryStock | 1,499us-gaap_ProceedsFromSaleOfTreasuryStock |
| Payments of debt issuance costs | (107)us-gaap_PaymentsOfDebtIssuanceCosts | (3,175)us-gaap_PaymentsOfDebtIssuanceCosts |
| Dividends paid | (4,059)us-gaap_PaymentsOfDividendsCommonStock | (3,107)us-gaap_PaymentsOfDividendsCommonStock |
| Excess tax benefit from share-based payment arrangement | 224us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities | 1,608us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities |
| Other | (573)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities | 0us-gaap_ProceedsFromPaymentsForOtherFinancingActivities |
| Net cash provided by financing activities | 243,938us-gaap_NetCashProvidedByUsedInFinancingActivities | 195,963us-gaap_NetCashProvidedByUsedInFinancingActivities |
| Decrease in cash and cash equivalents | (60,243)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (265,392)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| Cash and cash equivalents at beginning of period | 114,704us-gaap_CashAndCashEquivalentsAtCarryingValue | 309,085us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash and cash equivalents at end of period | $ 54,461us-gaap_CashAndCashEquivalentsAtCarryingValue | $ 43,693us-gaap_CashAndCashEquivalentsAtCarryingValue |
| X | ||||||||||
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- Definition
Increase (decrease) in accounts payable for grain. No definition available.
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- Definition
Payment to purchases railcars and related leases. No definition available.
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- Definition
Proceeds from sale of railcars and related leases. No definition available.
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- Details
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash inflow from realized tax benefit related to deductible compensation cost reported on the entity's tax return for equity instruments in excess of the compensation cost for those instruments recognized for financial reporting purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash outflow for realized tax benefit related to deductible compensation cost reported on the entity's tax return for equity instruments in excess of the compensation cost for those instruments recognized for financial reporting purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net gain (loss) arising from the lessor's sale of assets held- or available-for-lease under contractual arrangements classified as operating leases. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The difference between the carrying value and the sale price of an investment. A gain would be recognized when the sale price of the investment is greater than the carrying value of the investment. This element refers to the Gain included in earnings and not to the cash proceeds of the sale. No definition available.
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- Definition
This element represents the undistributed income (or loss) of equity method investments, net of dividends or other distributions received from unconsolidated subsidiaries, certain corporate joint ventures, and certain noncontrolled corporations; such investments are accounted for under the equity method of accounting. This element excludes distributions that constitute a return of investment, which are classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period of the sum of amounts due within one year (or one business cycle) from customers for the credit sale of goods and services; and from note holders for outstanding loans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the assets (liabilities) created through trading commodity-based derivative instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net cash inflow or outflow for the increase (decrease) associated with funds that are not available for withdrawal or use (such as funds held in escrow) and are associated with underlying transactions that are classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Other income (expense) included in net income that results in no cash inflows or outflows in the period. Includes noncash adjustments to reconcile net income (loss) to cash provided by (used in) operating activities that are not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash outflow in the form of ordinary dividends to common shareholders of the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow or outflow from other financing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow or outflow for borrowing having initial term of repayment within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow associated with the sale of equity method investments, which are investments in joint ventures and entities in which the entity has an equity ownership interest normally of 20 to 50 percent and exercises significant influence. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow from the sale of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from the issuance of an equity stock that has been previously reacquired by the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of expense related to write-down of receivables to the amount expected to be collected. Includes, but is not limited to, accounts receivable and notes receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow to repay long-term debt that is not secured by collateral. Excludes repayments of tax exempt unsecured debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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