Andersons Inc
For the period ended Dec 31, 2024. Filed Feb 19, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 19, 2025
ANDE$54.48-1.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Operating Activities | |||
| Net income from continuing operations | $170,700 | $132,529 | $154,954 |
| Income from discontinued operations, net of income taxes | — | — | 12,025 |
| Net income | 170,700 | 132,529 | 166,979 |
| Adjustments to reconcile net income to cash provided by operating activities: | |||
| Depreciation and amortization | 127,804 | 125,106 | 134,742 |
| Bad debt expense, net | 17,637 | 11,519 | 6,001 |
| Stock-based compensation expense | 13,629 | 12,857 | 11,192 |
| Deferred federal income tax | (2,911) | (1,596) | (20,009) |
| Asset impairment | — | 87,156 | 11,818 |
| Gain on sale of business from discontinued operations | — | — | (27,091) |
| Damaged inventory | — | — | 17,328 |
| Other | (3,595) | (16,341) | 14,073 |
| Changes in operating assets and liabilities, net of assets acquired and liabilities assumed: | |||
| Accounts and notes receivable | 35,777 | 468,968 | (391,403) |
| Inventories | 87,906 | 572,235 | 56,859 |
| Commodity derivatives | 15,005 | 111,506 | 65,399 |
| Other current and non-current assets | (28,050) | 6,529 | 10,936 |
| Payables and other current and non-current liabilities | (102,396) | (563,718) | 230,293 |
| Net cash provided by operating activities | 331,506 | 946,750 | 287,117 |
| Investing Activities | |||
| Acquisition of businesses, net of cash acquired | (29,172) | (24,698) | (20,245) |
| Purchases of property, plant and equipment and capitalized software | (149,187) | (150,443) | (108,284) |
| Property insurance proceeds | 12,137 | 7,499 | 3,999 |
| Proceeds from sale of business | — | 10,318 | 5,171 |
| Proceeds from sale of Rail assets | — | 2,871 | 36,706 |
| Proceeds from sale of business from discontinued operations | — | — | 56,302 |
| Purchases of Rail assets | — | — | (31,458) |
| Other | 3,148 | 574 | 4,907 |
| Net cash used in investing activities | (163,074) | (153,879) | (52,902) |
| Financing Activities | |||
| Net (payments) receipts under short-term lines of credit | (91,951) | (233,696) | (21,273) |
| Payments of long-term debt | (83,589) | (49,620) | (30,045) |
| Distributions to noncontrolling interest owner | (102,295) | (46,418) | (44,910) |
| Dividends paid | (26,273) | (25,373) | (24,609) |
| Value of shares withheld for taxes | (8,105) | (6,630) | (3,381) |
| Common stock repurchased | (2,295) | (1,747) | (12,721) |
| Payments of debt issuance costs | (2,851) | — | — |
| Proceeds from issuance of long-term debt | 67,000 | 100,000 | — |
| Proceeds from issuance of short-term debt | — | — | 350,000 |
| Payments of short-term debt | — | — | (550,000) |
| Other | — | (509) | 2,209 |
| Net cash used in financing activities | (250,359) | (263,993) | (334,730) |
| Effect of exchange rates on cash and cash equivalents | (156) | (293) | (660) |
| Increase (decrease) in Cash and cash equivalents | (82,083) | 528,585 | (101,175) |
| Cash and cash equivalents at beginning of year | 643,854 | 115,269 | 216,444 |
| Cash and cash equivalents at end of year | $561,771 | $643,854 | $115,269 |
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