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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Sep. 30, 2018
Current assets:      
Cash, cash equivalents and restricted cash $ 21,299 $ 22,593 $ 16,820
Accounts receivable, net 523,110 207,285 206,380
Inventories 741,086 690,804 490,331
Commodity derivative assets – current 120,510 51,421 76,861
Other current assets 82,197 50,703 58,374
Assets held for sale 573 392 29,527
Total current assets 1,488,775 1,023,198 878,293
Other assets:      
Commodity derivative assets – noncurrent 1,943 480 766
Goodwill 135,872 6,024 6,024
Other intangible assets, net 181,100 99,138 100,730
Right of use assets, net 70,773 0 0
Other assets, net 19,499 22,341 26,174
Equity method investments 117,348 242,326 240,350
Other noncurrent assets 526,535 370,309 374,044
Rail Group assets leased to others, net 565,746 521,785 464,776
Property, plant and equipment, net 703,396 476,711 434,505
Total assets 3,284,452 2,392,003 2,151,618
Current liabilities:      
Short-term debt 138,249 205,000 132,000
Trade and other payables 594,708 462,535 344,406
Customer prepayments and deferred revenue 35,274 32,533 38,242
Commodity derivative liabilities – current 67,606 32,647 91,403
Accrued expenses and other current liabilities 162,749 79,046 68,925
Current maturities of long-term debt 66,899 21,589 15,677
Total current liabilities 1,065,485 833,350 690,653
Long-term lease liabilities 47,299 0 0
Other long-term liabilities 40,927 32,184 30,615
Commodity derivative liabilities – noncurrent 1,960 889 2,548
Employee benefit plan obligations 21,311 22,542 25,356
Long-term debt, less current maturities 968,117 496,187 437,280
Deferred income taxes 128,003 130,087 122,523
Total liabilities 2,273,102 1,515,239 1,308,975
Commitments and contingencies
Shareholders’ equity:      
Common shares, without par value (63,000 shares authorized; 33,336 shares issued at 9/30/2019, 29,430 shares issued at 12/31/2018 and 9/30/2018) 137 96 96
Preferred shares, without par value (1,000 shares authorized; none issued) 0 0 0
Additional paid-in-capital 335,916 224,396 222,368
Treasury shares, at cost (213, 936 and 943 shares at 9/30/2019, 12/31/2018 and 9/30/2018, respectively) (7,582) (35,300) (35,039)
Accumulated other comprehensive loss [1] (7,620) (6,387) (4,364)
Retained earnings 641,607 647,517 628,676
Total shareholders’ equity of The Andersons, Inc. 962,458 830,322 811,737
Noncontrolling interests 48,892 46,442 30,906
Total equity 1,011,350 876,764 842,643
Total liabilities and equity $ 3,284,452 $ 2,392,003 $ 2,151,618
[1] All amounts are net of tax. Amounts in parentheses indicate debits