v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Current assets:      
Cash and cash equivalents $ 72,398 $ 98,283 $ 219,219
Accounts receivable, net 772,010 652,472 812,482
Inventories 1,398,686 1,365,121 1,249,047
Commodity derivative assets – current 161,858 135,466 155,028
Other current assets 152,153 125,067 92,968
Total current assets 2,557,105 2,376,409 2,528,744
Property, plant and equipment, net 961,401 939,500 860,246
Other assets, net 401,670 396,923 408,692
Total assets 3,920,176 3,712,832 3,797,682
Current liabilities:      
Short-term debt 716,519 249,420 222,691
Trade and other payables 633,027 918,691 661,202
Customer prepayments and deferred revenue 222,811 195,331 223,702
Commodity derivative liabilities – current 67,682 51,153 69,648
Current maturities of long-term debt 23,466 63,375 62,675
Accrued expenses and other current liabilities 207,125 208,427 194,390
Total current liabilities 1,870,630 1,686,397 1,434,308
Long-term debt, less current maturities 569,063 560,016 588,087
Other long-term liabilities 170,638 176,184 180,853
Total liabilities 2,610,331 2,422,597 2,203,248
Commitments and contingencies
Shareholders’ equity:      
Common shares, without par value (63,000 shares authorized and 34,211, 34,211 and 34,188 shares issued at 3/31/2026, 12/31/2025 and 3/31/2025, respectively) 144 144 143
Preferred shares, without par value (1,000 shares authorized; none issued) 0 0 0
Additional paid-in-capital 201,083 208,425 382,623
Treasury shares, at cost (157, 370 and 0 shares at 3/31/2026, 12/31/2025 and 3/31/2025, respectively) (8,074) (14,080) 0
Accumulated other comprehensive income 10,204 11,337 8,857
Retained earnings 1,065,186 1,038,953 964,114
Total shareholders’ equity of The Andersons, Inc. 1,268,543 1,244,779 1,355,737
Noncontrolling interests 41,302 45,456 238,697
Total equity 1,309,845 1,290,235 1,594,434
Total liabilities and equity $ 3,920,176 $ 3,712,832 $ 3,797,682