| Address:
|
480 W DUSSEL DR
|
| City: |
MAUMEE |
|
State: |
OH |
|
Zip Code: |
43537 |
| Telephone: |
419-893-5050 |
|
Description of Business
|
Primary SIC Code:
5150 |
| (As filed with the SEC)
|
|
|
The Andersons, Inc. (the "Company") is a diversified company with interests in
the grain, ethanol and plant nutrient sectors of U.S. agriculture, as well as in
railcar leasing and repair, turf products production and general merchandise
retailing. Founded in Maumee, Ohio in 1947, the Company now has operations in 16
U.S. States and Puerto Rico, plus railcar leasing interests in Canada and
Mexico.
The Company has experienced significant growth during the year. The Company
acquired two grain cleaning and storage facilities from O'Malley Grain, Inc.
("O'Malley") for a purchase price of $7.8 million. O'Malley is a supplier of
consistent, high quality food-grade corn to the snack food and tortilla
industries with facilities in Nebraska and Illinois. In addition, the Company
purchased two grain storage facilities in Kearney and Riverdale, Nebraska, and
took over a third leased facility in Paxton, Nebraska from B4 Grain, Inc. for a
purchase price of $35.1 million. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | 5.31 | 0.110 | 6.33 | | 06/2011 | 4.80 | 0.110 | 8.80 | | 03/2011 | 3.75 | 0.110 | 12.99 | | 12/2010 | 3.48 | 0.110 | 10.45 | | 09/2010 | 2.97 | 0.090 | 12.76 | | 06/2010 | 2.96 | 0.090 | 11.01 | | 03/2010 | 2.47 | 0.090 | 13.55 | | 12/2009 | 2.08 | 0.088 | 12.41 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | 0.39 | Total Liab/Total Assets | 0.73 | | Net Inc/Total Assets | 0.04 | Total Liab/Inv Cap | 2.31 | | Net Inc/Inv Cap | 0.12 | Total Liab/Comm Equity | 7.61 | | Pretax Inc/Net Sales | 0.03 | Interest Coverage Ratio | 6.24 | | Net Inc/Net Sales | 0.02 | Curr Debt/Equity | 0.72 | | Cash Flow/Net Sales | -0.07 | LTD/Equity | 0.62 | | SG&A/NetSales | 0.06 | Total Debt/Equity | 1.34 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 21.24 | Quick Ratio | 0.59 | | Inventory Turnover | 5.90 | Current Ratio | 1.36 | | Inventory Day Sales | 0.01 | Net Rec/Curr Assets | 0.15 | | Net Sales/Work Cap | 11.24 | Inv/Curr Assets | 0.57 | | Net Sales/PP&E | 22.47 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
938.66
|
1,338.17
|
1,001.67
|
1,153.97
|
|
Cost of Goods Sold
|
873.70
|
1,215.40
|
922.99
|
1,071.50
|
|
Selling & Admin Exps
|
54.49
|
57.73
|
53.71
|
48.68
|
|
Operating Income
|
10.48
|
65.04
|
24.98
|
33.79
|
|
Interest Exp
|
5.71
|
7.56
|
7.34
|
5.94
|
|
Pretax Income
|
15.72
|
72.01
|
27.19
|
40.93
|
|
Other Income
|
1.22
|
2.02
|
2.31
|
2.56
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
10.93
|
45.22
|
17.27
|
25.83
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
336.45
|
406.06
|
392.21
|
493.79
|
|
Receivables - Total
|
175.99
|
257.96
|
239.24
|
169.04
|
|
Inventories - Total
|
458.31
|
469.55
|
775.02
|
647.19
|
|
Total Current Assets
|
869.30
|
977.01
|
1,274.42
|
1,138.56
|
|
Net Property, Plant & Equipment
|
348.24
|
331.78
|
150.26
|
151.03
|
|
Total Assets
|
1,458.58
|
1,543.85
|
1,828.66
|
1,699.39
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
347.96
|
360.34
|
394.15
|
513.50
|
|
Debt in Current Liabilities
|
205.53
|
263.92
|
570.65
|
323.25
|
|
Total Current Liabilities
|
553.48
|
624.26
|
964.81
|
836.74
|
|
Long-Term Debt
|
242.63
|
262.50
|
263.33
|
280.10
|
|
Total Liabilities
|
940.88
|
1,033.45
|
1,360.82
|
1,247.96
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
14.37
|
14.07
|
13.25
|
13.13
|
|
Preferred Stock
|
0.00
|
0.00
|
0.00
|
0.00
|
|
Common Stock
|
0.10
|
0.10
|
0.10
|
0.10
|
|
Retained Earnings
|
383.61
|
374.72
|
331.54
|
316.32
|
|
Treasury Stock
|
-14.81
|
-12.21
|
-12.12
|
-14.06
|
|
Total Stockholders' Equity
|
517.70
|
510.40
|
467.85
|
451.43
|
|
Total Liabilities and Stockholders' Equity
|
1,458.58
|
1,543.85
|
1,828.66
|
1,699.39
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
158.78
|
284.99
|
-221.75
|
-92.65
|
|
Net Cash Provided by Investing Activities
|
-19.89
|
-21.40
|
-5.97
|
-48.61
|
|
Net Cash Provided by Financing Activities
|
-118.99
|
-267.30
|
220.83
|
144.74
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 1,458.05 | 36.35 | 2.19 | | 12/2007 | 2,379.06 | 68.78 | 3.75 | | 12/2008 | 3,489.48 | 32.90 | 1.79 | | 12/2009 | 3,025.30 | 38.35 | 2.08 | | 12/2010 | 3,393.79 | 64.66 | 3.48 | | Growth Rates | 23.52 | 15.49 | 12.28 |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 155 | 12,130 | 65.57 |
|
Report Date :
2/6/2012
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