Andersons Inc. (The) (ANDE) Financial Statements (2024 and earlier)

Company Profile

Business Address 1947 BRIARFIELD BOULEVARD
MAUMEE, OH 43537
State of Incorp. OH
Fiscal Year End December 31
Industry (SIC) 515 - Farm-product Raw Materials (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

6/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 644115216295523
Cash and cash equivalents 644115216295523
Receivables7631,249835660536207
Inventory, net of allowances, customer advances and progress billings1,1671,7321,8151,3011,171691
Inventory1,1671,7321,8151,3011,171691
Derivative instruments and hedges, assets17829641132110851
Disposal group, including discontinued operation  321106760
Other current assets567274  51
Other undisclosed current assets      
Total current assets:2,8073,4663,3722,4161,9451,023
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization    2624
Operating lease, right-of-use asset 5462525676
Property, plant and equipment693763786879938477
Long-term investments and receivables    2624242
Long-term investments    2624242
Intangible assets, net (including goodwill) 213230246422486204
Goodwill 1281291291361356
Intangible assets, net (excluding goodwill) 86101117286351198
Derivative instruments and hedges     10
Disposal group, including discontinued operation, noncurrent assets   43   
Other noncurrent assets878769502122
Other undisclosed noncurrent assets    397385423
Total noncurrent assets:1,0481,1421,1971,8561,9551,369
TOTAL ASSETS:3,8554,6084,5694,2723,9012,392
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities23224623016817679
Accrued liabilities23224623016817679
Deferred revenue187371358180 
Debt29383534479210227
Derivative instruments and hedges, liabilities91991291474733
Disposal group, including discontinued operation   13   
Deferred revenue and credits33
Due to related parties7651228
Other undisclosed current liabilities1,0971,4171,193952994434
Total current liabilities:1,6362,5212,4641,9321,440833
Noncurrent Liabilities
Long-term debt and lease obligation, including:5634936009171,016496
Long-term debt, excluding current maturities5634936009171,016496
Finance lease, liability     22
Other undisclosed long-term debt and lease obligation     (22) 
Liabilities, other than long-term debt139164166226198186
Deferred tax liabilities, net130
Deferred income tax liabilities 596471170146
Liability, pension and other postretirement and postemployment benefits     2523
Disposal group, including discontinued operation, liabilities   16   
Other liabilities496379562632
Operating lease, liability 3237   
Derivative instruments and hedges, liabilities     11
Other undisclosed noncurrent liabilities   313751 
Total noncurrent liabilities:7026577981,1801,265682
Total liabilities:2,3393,1783,2623,1112,7051,515
Equity
Equity, attributable to parent1,2831,1991,072962974830
Common stock000000
Treasury stock, value(10)(15)(0)(1)(7)(35)
Additional paid in capital387385369349345224
Accumulated other comprehensive income (loss)23201(12)(7)(6)
Retained earnings883808703626643648
Equity, attributable to noncontrolling interest23323123519922246
Total equity:1,5161,4301,3081,1611,196877
TOTAL LIABILITIES AND EQUITY:3,8554,6084,5694,2723,9012,392

Income Statement (P&L) ($ in millions)

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues14,75017,32512,6128,2088,1703,045
Cost of revenue
(Cost of Goods and Services Sold)
(14,005)(16,641)(12,019)(7,804)(7,652)(2,743)
Gross profit:745684593405518302
Operating expenses(492)(467)(424)(399)(437)(258)
Operating income:25321816968144
Nonoperating income503433205516
Investment income, nonoperating7   35 
Other nonoperating income9733202016
Interest and debt expense (0)(0)(1)(0)(1) 
Other undisclosed loss from continuing operations before equity method investments, income taxes      
Income from continuing operations before equity method investments, income taxes:3032512012613560
Income (loss) from equity method investments   51(7)27
Other undisclosed loss from continuing operations before income taxes(134)(56)(45)(51)(100)(34)
Income (loss) from continuing operations before income taxes:170195161(24)2853
Income tax expense (benefit)(37)(40)(29)10(13)(12)
Income (loss) from continuing operations:133155132(14)1541
Income (loss) before gain (loss) on sale of properties:136(14)1541
Income from discontinued operations  124   
Net income (loss):133167136(14)1541
Net income (loss) attributable to noncontrolling interest(31)(36)(32)2230
Net income available to common stockholders, diluted:10113110481841

Comprehensive Income ($ in millions)

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):133167136(14)1541
Other comprehensive income (loss)21913(5)(1)(4)
Comprehensive income (loss):135186149(19)1438
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(31)(36)(32)2230
Comprehensive income, net of tax, attributable to parent:10415011731738

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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