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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Sep. 30, 2024
Current assets:      
Cash and cash equivalents $ 81,630 $ 561,771 $ 454,065
Accounts receivable, net 715,761 764,550 756,618
Inventories 899,278 1,286,811 884,339
Commodity derivative assets – current 154,449 148,801 122,326
Other current assets 110,045 88,344 113,726
Total current assets 1,961,163 2,850,277 2,331,074
Property, plant and equipment, net 905,761 868,151 709,951
Other assets, net 430,035 402,886 347,273
Total assets 3,296,959 4,121,314 3,388,298
Current liabilities:      
Short-term debt 141,356 166,614 14,716
Trade and other payables 782,683 1,047,436 774,347
Customer prepayments and deferred revenue 71,989 194,025 67,899
Commodity derivative liabilities – current 68,618 59,766 85,640
Current maturities of long-term debt 63,888 36,139 27,727
Accrued expenses and other current liabilities 201,939 227,192 207,543
Total current liabilities 1,330,473 1,731,172 1,177,872
Long-term debt, less current maturities 569,052 608,151 542,564
Other long-term liabilities 174,417 182,155 144,855
Total liabilities 2,073,942 2,521,478 1,865,291
Commitments and contingencies
Shareholders’ equity:      
Common shares, without par value (63,000 shares authorized and 34,211, 34,083 and 34,083 shares issued at 9/30/2025, 12/31/2024 and 9/30/2024, respectively) 144 142 142
Preferred shares, without par value (1,000 shares authorized; none issued) 0 0 0
Additional paid-in-capital 205,661 385,609 382,009
Treasury shares, at cost (372, 70 and 12 shares at 9/30/2025, 12/31/2024 and 9/30/2024, respectively) (14,131) (2,860) (572)
Accumulated other comprehensive income 10,717 12,585 15,376
Retained earnings 978,717 970,710 932,215
Total shareholders’ equity of The Andersons, Inc. 1,181,108 1,366,186 1,329,170
Noncontrolling interests 41,909 233,650 193,837
Total equity 1,223,017 1,599,836 1,523,007
Total liabilities and equity $ 3,296,959 $ 4,121,314 $ 3,388,298