The Andersons, Inc. (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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 11521629552335
Cash and cash equivalents 11521629552335
Receivables1,249835660536207183
Inventory, net of allowances, customer advances and progress billings1,7321,8151,3011,171691649
Inventory1,7321,8151,3011,171691649
Derivative instruments and hedges, assets2964113211085131
Disposal group, including discontinued operation 32110676038
Other current assets7274  5164
Other undisclosed current assets      
Total current assets:3,4663,3722,4161,9451,023999
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   2624
Operating lease, right-of-use asset62525676
Property, plant and equipment763786879938477385
Long-term investments and receivables   2624242223
Long-term investments   2624242223
Intangible assets, net (including goodwill)230246422486204232
Goodwill12912913613566
Intangible assets, net (excluding goodwill)101117286351198226
Derivative instruments and hedges    100
Disposal group, including discontinued operation, noncurrent assets  43    
Other noncurrent assets876950212213
Other undisclosed noncurrent assets   397385423311
Total noncurrent assets:1,1421,1971,8561,9551,3691,163
TOTAL ASSETS:4,6084,5694,2723,9012,3922,162
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2462301681767970
Accrued liabilities2462301681767970
Deferred revenue371358180 
Debt38353447921022754
Derivative instruments and hedges, liabilities99129147473330
Disposal group, including discontinued operation  13    
Deferred revenue and credits3360
Due to related parties765122828
Other undisclosed current liabilities1,4171,193952994434498
Total current liabilities:2,5212,4641,9321,440833739
Noncurrent Liabilities
Long-term debt and lease obligation, including:4936009171,016496418
Long-term debt, excluding current maturities4936009171,016496418
Finance lease, liability    22
Other undisclosed long-term debt and lease obligation    (22)  
Liabilities, other than long-term debt16416622619818661
Deferred tax liabilities, net130 
Deferred income tax liabilities6471170146
Liability, pension and other postretirement and postemployment benefits    252327
Disposal group, including discontinued operation, liabilities  16    
Other liabilities637956263233
Operating lease, liability37   
Derivative instruments and hedges, liabilities    111
Other undisclosed noncurrent liabilities  313751 122
Total noncurrent liabilities:6577981,1801,265682601
Total liabilities:3,1783,2623,1112,7051,5151,339
Equity
Equity, attributable to parent1,1991,072962974830815
Common stock000000
Treasury stock, value(15)(0)(1)(7)(35)(40)
Additional paid in capital385369349345224225
Accumulated other comprehensive income (loss)201(12)(7)(6)(3)
Retained earnings808703626643648633
Equity, attributable to noncontrolling interest231235199222468
Total equity:1,4301,3081,1611,196877823
TOTAL LIABILITIES AND EQUITY:4,6084,5694,2723,9012,3922,162

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues17,32512,6128,2088,1703,0453,686
Revenue, net4553,686
Cost of revenue
(Cost of Goods and Services Sold)
(16,641)(12,019)(7,804)(7,652)(2,743)(3,368)
Gross profit:684593405518302319
Operating expenses(467)(424)(399)(437)(258)(288)
Operating income:2181696814431
Nonoperating income343320551623
Investment income, nonoperating   35  
Other nonoperating income73320201623
Interest and debt expense (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:251201261356054
Income (loss) from equity method investments 51(7)2717
Other undisclosed loss from continuing operations before income taxes(56)(45)(51)(100)(34)(92)
Income (loss) from continuing operations before income taxes:195161(24)2853(21)
Income tax expense (benefit)(40)(29)10(13)(12)63
Income (loss) from continuing operations:155132(14)154143
Income (loss) before gain (loss) on sale of properties:136(14)154143
Income (loss) from discontinued operations124    
Net income (loss):167136(14)154143
Net income (loss) attributable to noncontrolling interest(36)(32)2230(0)
Net income attributable to parent:1311048184143
Other undisclosed net loss available to common stockholders, basic      (0)
Net income available to common stockholders, diluted:1311048184143

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):167136(14)154143
Other comprehensive income (loss)1913(5)(1)(4)10
Comprehensive income (loss):186149(19)143852
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(36)(32)2230(0)
Comprehensive income, net of tax, attributable to parent:1501173173852

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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