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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Mar. 31, 2017
Current assets:      
Cash and cash equivalents $ 31,497 $ 34,919 $ 29,645
Restricted cash 0 0 752
Accounts receivable, net 216,021 183,238 190,628
Inventories 731,629 648,703 641,294
Commodity derivative assets – current 43,810 30,702 48,049
Other current assets 57,147 63,790 83,623
Assets held for sale 57,775 37,859 0
Total current assets 1,137,879 999,211 993,991
Other assets:      
Commodity derivative assets – noncurrent 1,739 310 339
Goodwill 6,024 6,024 63,934
Other intangible assets, net 108,855 112,893 103,057
Other assets, net 28,566 12,557 8,108
Equity method investments 224,449 223,239 208,993
Investments and Other Noncurrent Assets 369,633 355,023 384,431
Rail Group assets leased to others, net 462,253 423,443 342,936
Property, plant and equipment, net 393,763 384,677 440,395
Total assets 2,363,528 2,162,354 2,161,753
Current liabilities:      
Short-term debt 489,000 22,000 255,000
Trade and other payables 263,519 503,571 276,834
Customer prepayments and deferred revenue 81,778 59,710 81,628
Commodity derivative liabilities – current 15,424 29,651 29,914
Accrued expenses and other current liabilities 60,095 69,579 65,952
Current maturities of long-term debt 14,134 54,205 56,144
Total current liabilities 923,950 738,716 765,472
Other long-term liabilities 31,536 33,129 36,125
Commodity derivative liabilities – noncurrent 1,414 825 450
Employee benefit plan obligations 26,310 26,716 34,832
Long-term debt, less current maturities 438,628 418,339 365,971
Deferred income taxes 118,933 121,730 181,541
Total liabilities 1,540,771 1,339,455 1,384,391
Commitments and contingencies
Shareholders’ equity:      
Common shares, without par value (63,000 shares authorized; 29,430 shares issued at 3/31/2018, 12/31/17 and 3/31/2017) 96 96 96
Preferred shares, without par value (1,000 shares authorized; none issued) 0 0 0
Additional paid-in-capital 221,990 224,622 220,366
Treasury shares, at cost (955, 1,063 and 1,074 shares at 3/31/2018, 12/31/17 and 3/31/2017, respectively) (36,028) (40,312) (40,727)
Accumulated other comprehensive loss [1] (3,988) (2,700) (11,964)
Retained earnings 618,572 633,496 601,560
Total shareholders’ equity of The Andersons, Inc. 800,642 815,202 769,331
Noncontrolling interests 22,115 7,697 8,031
Total equity 822,757 822,899 777,362
Total liabilities and equity $ 2,363,528 $ 2,162,354 $ 2,161,753
[1] All amounts are net of tax. Amounts in parentheses indicate debits