Andersons Inc (ANDE) financial statements: income statement, balance sheet and cash flow

Andersons Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Andersons Inc reported revenue of $11.0B (-2.2% year on year) and net income of $119.3M (-30.1% year on year).

Income statement

Andersons Inc income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Sales and merchandising revenues	$11.0B	$11.3B	$14.8B	$17.3B
Cost of sales and merchandising revenues	$10.3B	$10.6B	$14.0B	$16.6B
Gross profit	$713.7M	$693.9M	$745.4M	$684.2M
Operating, administrative and general expenses	$585.2M	$503.6M	$492.3M	$466.6M
Asset impairment	$18.1M	$0	$87.2M	—
Interest expense, net	$47.2M	$31.8M	$46.9M	$56.8M
Other income, net	$78.3M	$42.2M	$50.5M	$33.8M
Income before income taxes	$141.5M	$200.8M	$169.6M	$194.6M
Income tax provision	$22.2M	$30.1M	$37.0M	$39.6M
Net income (loss)	$119.3M	$170.7M	$132.5M	$167.0M
Net income attributable to noncontrolling interests	$23.6M	$56.7M	$31.3M	$35.9M
Net income attributable to The Andersons, Inc.	$95.7M	$114.0M	$101.2M	$131.1M
Average number of shares outstanding – basic	34.0M	34.0M	33.7M	33.7M
Average number of shares outstanding – diluted	34.3M	34.3M	34.4M	34.4M
Basic earnings per share (in dollars per share)	$2.81	$3.35	$3.00	$3.53
Diluted earnings per share (in dollars per share)	$2.79	$3.32	$2.94	$3.46

Andersons Inc income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Sales and merchandising revenues	$3.1B	$2.6B	$2.7B	$3.1B
Cost of sales and merchandising revenues	$2.9B	$2.5B	$2.5B	$3.0B
Gross profit	$223.7M	$160.6M	$170.9M	$158.4M
Operating, administrative and general expenses	$173.8M	$144.7M	$172.6M	$134.6M
Interest expense, net	$15.6M	$16.8M	$10.5M	$11.5M
Other income, net	$33.0M	$34.8M	$38.0M	$12.5M
Income before income taxes	$67.3M	$33.9M	$25.8M	$24.8M
Income tax provision	$13.4M	$4.6M	($228.0K)	$8.0M
Net income	$53.9M	$29.3M	$26.1M	$16.8M
Net (loss) income attributable to noncontrolling interests	($2.6M)	($3.9M)	$5.9M	$8.9M
Net income attributable to The Andersons, Inc.	$56.6M	$33.2M	$20.1M	$7.9M
Average number of shares outstanding - basic (in shares)	34.1M	34.0M	34.0M	34.2M
Average number of share outstanding - diluted (in shares)	34.3M	34.2M	34.2M	34.3M
Basic earnings (loss) per share attributable to The Andersons, Inc. common shareholders (usd per share)	$1.66	$0.98	$0.59	$0.23
Diluted earnings (loss) per share attributable to The Andersons, Inc. common shareholders (usd per share)	$1.65	$0.97	$0.59	$0.23

Balance sheet

Andersons Inc balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and cash equivalents	$98.3M	$561.8M	$643.9M	$115.3M
Accounts receivable, less allowance for doubtful accounts of $42,554 in 2025; $48,325 in 2024	$652.5M	$764.5M	$762.5M	$1.2B
Inventories	$1.4B	$1.3B	$1.2B	$1.7B
Commodity derivative assets – current	$135.5M	$148.8M	$178.1M	$295.6M
Other current assets	$125.1M	$88.3M	$55.8M	$71.6M
Total current assets	$2.4B	$2.9B	$2.8B	$3.5B
Goodwill	$127.9M	$127.9M	$127.9M	$129.3M
Other intangible assets, net	$63.5M	$69.3M	$85.6M	$100.9M
Right of use assets, net	$108.8M	$104.6M	$54.2M	$61.9M
Other assets	$96.8M	$101.1M	$87.0M	$87.2M
Total other assets	$396.9M	$402.9M	$354.7M	$379.3M
Property, plant and equipment, net	$939.5M	$868.2M	$693.4M	$762.7M
Total assets	$3.7B	$4.1B	$3.9B	$4.6B
Short-term debt	$249.4M	$166.6M	$43.1M	$272.6M
Trade and other payables	$918.7M	$1.0B	$1.1B	$1.4B
Customer prepayments and deferred revenue	$195.3M	$194.0M	$187.1M	$370.5M
Commodity derivative liabilities – current	$51.2M	$59.8M	$90.8M	$98.5M
Current maturities of long-term debt	$63.4M	$36.1M	$27.6M	$110.2M
Accrued expenses and other current liabilities	$208.4M	$227.2M	$232.3M	$245.9M
Total current liabilities	$1.7B	$1.7B	$1.6B	$2.5B
Long-term lease liabilities	$71.5M	$65.3M	$31.7M	$37.1M
Long-term debt, less current maturities	$560.0M	$608.2M	$563.0M	$492.5M
Other long-term liabilities	$104.6M	$61.8M	$49.1M	$63.2M
Total liabilities	$2.4B	$2.5B	$2.3B	$3.2B
Common shares, without par value (63,000 shares authorized; 34,211 shares issued in 2025 and 34,083 in 2024)	144.0K	142.0K	142.0K	142.0K
Preferred shares, without par value (1,000 shares authorized; none issued)	0	0	0	0
Additional paid-in capital	$208.4M	$385.6M	$387.2M	$385.2M
Treasury shares, at cost (370 shares in 2025; 70 in 2024)	-14.1M	-2.9M	-10.3M	-15.0M
Accumulated other comprehensive income	$11.3M	$12.6M	$22.9M	$20.5M
Retained earnings	$1.0B	$970.7M	$882.9M	$807.8M
Total shareholders’ equity of The Andersons, Inc.	$1.2B	$1.4B	$1.3B	$1.2B
Noncontrolling interests	$45.5M	$233.7M	$233.5M	$231.2M
Total equity	$1.3B	$1.6B	$1.5B	$1.4B
Total liabilities and equity	$3.7B	$4.1B	$3.9B	$4.6B
Common Stock, Shares, Issued	34.2M	34.1M	—	—

Andersons Inc balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash and cash equivalents	$66.5M	$72.4M	$81.6M	$351.0M
Accounts receivable, net	$755.2M	$772.0M	$715.8M	$783.9M
Inventories	$961.0M	$1.4B	$899.3M	$771.9M
Commodity derivative assets – current	$152.3M	$161.9M	$154.4M	$147.9M
Other current assets	$146.7M	$152.2M	$110.0M	$120.8M
Total current assets	$2.1B	$2.6B	$2.0B	$2.2B
Property, plant and equipment, net	$979.6M	$961.4M	$905.8M	$884.0M
Other assets, net	$412.9M	$401.7M	$430.0M	$387.1M
Total assets	$3.5B	$3.9B	$3.3B	$3.4B
Short-term debt	$314.4M	$716.5M	$141.4M	$104.5M
Trade and other payables	$603.6M	$633.0M	$782.7M	$572.2M
Customer prepayments and deferred revenue	$87.2M	$222.8M	$72.0M	$73.5M
Commodity derivative liabilities – current	$103.7M	$67.7M	$68.6M	$79.3M
Current maturities of long-term debt	$22.9M	$23.5M	$63.9M	$64.2M
Accrued expenses and other current liabilities	$247.3M	$207.1M	$201.9M	$186.9M
Total current liabilities	$1.4B	$1.9B	$1.3B	$1.1B
Long-term debt, less current maturities	$563.5M	$569.1M	$569.1M	$578.5M
Other long-term liabilities	$174.1M	$170.6M	$174.4M	$176.9M
Total liabilities	$2.1B	$2.6B	$2.1B	$1.8B
Common shares, without par value(a)	144.0K	144.0K	144.0K	144.0K
Additional paid-in-capital	$205.0M	$201.1M	$205.7M	$384.7M
Treasury shares, at cost(b)	-11.3M	-8.1M	-14.1M	0
Accumulated other comprehensive income	$10.2M	$10.2M	$10.7M	$14.3M
Retained earnings	$1.1B	$1.1B	$978.7M	$965.3M
Total shareholders’ equity of The Andersons, Inc.	$1.3B	$1.3B	$1.2B	$1.4B
Noncontrolling interests	$38.9M	$41.3M	$41.9M	$246.1M
Total equity	$1.4B	$1.3B	$1.2B	$1.6B
Total liabilities and equity	$3.5B	$3.9B	$3.3B	$3.4B

Cash flow statement

Andersons Inc cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net income (loss)	$119.3M	$170.7M	$132.5M	$167.0M
Depreciation and amortization	$133.3M	$127.8M	$125.1M	$134.7M
Bad debt expense, net	$4.7M	$17.6M	$11.5M	$6.0M
Stock-based compensation expense	$17.0M	$13.6M	$12.9M	$11.2M
Deferred income taxes	($6.0M)	($2.9M)	($1.6M)	($20.0M)
Asset impairment	$18.1M	$0	$87.2M	$11.8M
Other	($8.2M)	($3.6M)	($10.7M)	$15.6M
Accounts and notes receivable	$104.6M	$35.8M	$469.0M	($391.4M)
Inventories	($72.4M)	$87.9M	$572.2M	$56.9M
Commodity derivatives	$6.0M	$15.0M	$111.5M	$65.4M
Other current and non-current assets	$4.7M	($28.1M)	$6.5M	$10.9M
Payables and other current and non-current liabilities	($144.1M)	($102.4M)	($563.7M)	$230.3M
Net cash provided by operating activities	$177.0M	$331.5M	$946.8M	$287.1M
Purchases of property, plant and equipment and capitalized software	($233.1M)	($149.2M)	($150.4M)	($108.3M)
Property insurance proceeds	$28.1M	$12.1M	—	—
Proceeds from sale of businesses	$11.3M	$0	$10.3M	$5.2M
Acquisition of businesses, net of cash acquired	$0	($29.2M)	($24.7M)	($20.2M)
Other	($1.6M)	$3.1M	$6.3M	$5.7M
Net cash used in investing activities	($195.3M)	($163.1M)	($153.9M)	($52.9M)
Net (payments) receipts under short-term lines of credit	$79.9M	($92.0M)	($233.7M)	($21.3M)
Payments of long-term debt	($36.2M)	($83.6M)	($49.6M)	($30.0M)
Purchase of noncontrolling interest in a subsidiary	($425.0M)	—	—	—
Distributions to noncontrolling interest owner	($33.8M)	($102.3M)	($46.4M)	($44.9M)
Dividends paid	($26.8M)	($26.3M)	($25.4M)	($24.6M)
Common stock repurchased	($15.4M)	($2.3M)	($1.7M)	($12.7M)
Proceeds from issuance of long-term debt	$14.7M	$67.0M	$100.0M	$0
Other	($4.6M)	$0	($7.1M)	($3.0M)
Net cash used in financing activities	($447.1M)	($250.4M)	($264.0M)	($334.7M)
Effect of exchange rates on cash and cash equivalents	$2.0M	($156.0K)	($293.0K)	($660.0K)
(Decrease) increase in Cash and cash equivalents	($463.5M)	($82.1M)	$528.6M	($101.2M)
Cash and cash equivalents at beginning of year	$561.8M	$643.9M	$115.3M	$216.4M
Cash and cash equivalents at end of year	$98.3M	$561.8M	$643.9M	$115.3M

Andersons Inc cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Net income	$83.3M	$29.3M	$48.2M	$22.1M
Depreciation and amortization	$68.7M	$34.1M	$100.1M	$67.4M
Other	$29.1M	$4.7M	$20.1M	$10.3M
Accounts receivable	($132.5M)	($120.5M)	$42.9M	($23.4M)
Inventories	$402.0M	($35.0M)	$391.8M	$521.4M
Commodity derivatives	$36.0M	($13.2M)	$2.5M	$19.9M
Other current and non-current assets	($14.7M)	($22.5M)	($16.9M)	($31.7M)
Payables and other current and non-current liabilities	($377.7M)	($270.5M)	($405.4M)	($636.6M)
Net cash provided by (used in) operating activities	$94.2M	($393.7M)	$183.2M	($50.7M)
Purchases of property, plant and equipment and capitalized software	($127.3M)	($51.7M)	($162.2M)	($95.4M)
Insurance proceeds	$1.1M	—	$26.2M	$14.0M
Other	$2.9M	$2.2M	$8.7M	$5.7M
Net cash used in investing activities	($123.3M)	($49.5M)	($127.3M)	($75.7M)
Net proceeds (payments) under short-term lines of credit	$65.4M	$467.6M	($27.7M)	($64.9M)
Proceeds from issuance of long-term debt	$86.3M	$86.3M	$14.7M	$14.7M
Payments of long-term debt	($123.0M)	($116.8M)	($26.5M)	($16.6M)
Value of shares withheld for taxes	-7.0M	-7.0M	-4.0M	-3.9M
Dividends paid	($13.6M)	($6.8M)	($19.9M)	($13.4M)
Payments of debt issuance costs	($5.7M)	($5.4M)	—	—
Common stock repurchased	($4.6M)	—	($15.4M)	—
Distributions to noncontrolling interests	$0	—	($33.7M)	($1.5M)
Net cash used in financing activities	($2.2M)	$417.8M	($538.0M)	($87.0M)
Effect of exchange rates on cash and cash equivalents	($497.0K)	($529.0K)	$2.0M	$2.6M
Decrease in cash and cash equivalents	($31.7M)	($25.9M)	($480.1M)	($210.8M)
Cash and cash equivalents at beginning of period	$98.3M	$98.3M	$561.8M	$561.8M
Cash and cash equivalents at end of period	$66.5M	$72.4M	$81.6M	$351.0M

Andersons Inc score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.