Andersons, Inc.

Listed Company

ANDECIK 0000821026NasdaqLarge AcceleratedWholesale-Farm Product Raw MaterialsOhioFY ends Dec 31

Period

FY 2025

Revenue

$11.01B

Net Income

$95.71M

Total Assets

$3.71B

Equity

$1.24B

Shares Out

33.88M

Op. Cash Flow

$177.00M

Business

Andersons, Inc. is a diversified agriculture-rooted company that participates across the North American agricultural supply chain, merchandising commodities and operating agribusiness facilities. It merchandises whole grains, feed ingredients and fuel, produces and markets ethanol and co‑products, and manufactures and distributes agricultural nutrients, specialty liquids and corncob-based products. Operations are organized into three reportable segments: Trade, Renewables, and Nutrient & Industrial, plus corporate support activities. Products and services are sold through grain elevators, export intermediaries and direct shipments, wholesale and retail farm centers, ethanol plant networks and international distribution channels.

Summary from filing dated 2025-02-19

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Sales and merchandising revenues	11,009	11,258	14,750	17,325	12,612
Cost of sales and merchandising revenues	10,295	10,564	14,005	16,641	12,019
Gross profit	714	694	745	684	593
Operating, administrative and general expenses	585	504	492	458	423
Asset impairment	18	0	87	9	9
Interest expense, net	47	32	47	57	37
Other income, net	78	42	50	34	37
Income before income taxes	141	201	170	195	161
Income tax provision	22	30	37	40	29
Net income (loss)	119	171	133	167	136
Net income attributable to noncontrolling interests	24	57	31	36	32
Net income attributable to The Andersons, Inc.	96	114	101	131	104
Average number of shares outstanding basic	34	34	34	34	33
Average number of shares outstanding diluted	34	34	34	34	34
Basic earnings per share (in dollars per share)	2.81	3.35	3	3.53	2.99
Diluted earnings per share (in dollars per share)	2.79	3.32	2.94	3.46	2.94

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	98	562	644	115	216
Accounts receivable, less allowance for doubtful accounts of $42,554 in 2025; $48,325 in 2024	652	765	763	1,249	835
Inventories	1,365	1,287	1,167	1,732	1,815
Commodity derivative assets current	135	149	178	296	411
Other current assets	125	88	56	74	74
Total current assets	2,376	2,850	2,807	3,466	3,372
Goodwill	128	128	128	129	129
Other intangible assets, net	64	69	86	101	117
Right of use assets, net	109	105	54	62	52
Other assets	97	101	87	87	69
Total other assets	397	403	355	379	411
Property, plant and equipment, net	940	868	693	763	786
Total assets	3,713	4,121	3,855	4,608	4,569
Short-term debt	249	167	43	273	502
Trade and other payables	919	1,047	1,055	1,424	1,199
Customer prepayments and deferred revenue	195	194	187	371	358
Commodity derivative liabilities current	51	60	91	99	129
Current maturities of long-term debt	63	36	28	110	32
Accrued expenses and other current liabilities	208	227	232	246	230
Total current liabilities	1,686	1,731	1,636	2,521	2,464
Long-term lease liabilities	72	65	32	37	31
Long-term debt, less current maturities	560	608	563	493	600
Other long-term liabilities	105	117	49	63	79
Total liabilities	2,423	2,521	2,339	3,178	3,262
Commitments and contingencies (Note 12)	—	—	—	—	—
Common shares, without par value (63,000 shares authorized; 34,211 shares issued in 2025 and 34,083 in 2024)	144,000	142,000	142,000	142,000	140,000
Preferred shares, without par value (1,000 shares authorized; none issued)	0	0	0	0	0
Additional paid-in capital	208	386	387	385	369
Treasury shares, at cost (370 shares in 2025; 70 in 2024)	−14	−3	−10	−15	−263,000
Accumulated other comprehensive income	11	13	23	20	1
Retained earnings	1,039	971	883	808	703
Total shareholders equity of The Andersons, Inc.	1,245	1,366	1,283	1,199	1,072
Noncontrolling interests	45	234	233	231	235
Total equity	1,290	1,600	1,516	1,430	1,308
Total liabilities and equity	3,713	4,121	3,855	4,608	4,569
Common Stock, Shares, Issued	34	34	34	34	34

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	133	128	125	135	179
Bad debt expense, net	5	18	12	6	237,000
Stock-based compensation expense	17	14	13	11	11
Deferred income taxes	−6	−3	−2	−20	−105
Asset impairment	18	0	87	12	9
Other	−8	−4	−16	14	−481,000
Accounts and notes receivable	105	36	469	−391	−184
Inventories	−72	88	572	57	−528
Commodity derivatives	6	15	112	65	−107
Other current and non-current assets	5	−28	7	11	−116
Payables and other current and non-current liabilities	−144	−102	−564	230	668
Net cash provided by operating activities	177	332	947	287	−51
Purchases of property, plant and equipment and capitalized software	−233	−149	−150	−108	−76
Property insurance proceeds	28	12	7	4	—
Proceeds from sale of businesses	11	0	10	5	18
Acquisition of businesses, net of cash acquired	0	−29	−25	−20	−11
Other	−2	3	3	5	2
Net cash used in investing activities	−195	−163	−154	−53	487
Net (payments) receipts under short-term lines of credit	80	−92	−234	−21	−106
Payments of long-term debt	−36	−84	−50	−30	−531
Purchase of noncontrolling interest in a subsidiary	−425	0	0	—	—
Distributions to noncontrolling interest owner	−34	−102	−46	−45	−25,000
Dividends paid	−27	−26	−25	−25	−24
Common stock repurchased	−15	−2	−2	−13	0
Proceeds from issuance of long-term debt	15	67	100	0	203
Other	−5	−11	−7	2	9
Net cash used in financing activities	−447	−250	−264	−335	−249
Effect of exchange rates on cash and cash equivalents	2	−156,000	−293,000	−660,000	−108,000
(Decrease) increase in Cash and cash equivalents	−463	−82	529	−101	187

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro