Andersons Inc

For the period ended Dec 31, 2023. Filed Feb 21, 2024.

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FY2023 · Filed Feb 21, 2024

ANDE$55.18+0.1%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

(In thousands, except per share data)

	Year Ended December 31,
	2023	2022	2021
Sales and merchandising revenues	$14,750,112	$17,325,384	$12,612,050
Cost of sales and merchandising revenues	14,004,749	16,641,220	12,019,353
Gross profit	745,363	684,164	592,697
Operating, administrative and general expenses	492,260	457,556	423,126
Asset impairment	87,156	9,000	8,947
Interest expense, net	46,867	56,849	37,292
Other income, net	50,483	33,823	37,438
Income before income taxes from continuing operations	169,563	194,582	160,770
Income tax provision from continuing operations	37,034	39,628	29,228
Net income from continuing operations	132,529	154,954	131,542
Income from discontinued operations, net of income taxes	—	12,025	4,324
Net income	132,529	166,979	135,866
Net income attributable to the noncontrolling interest	31,339	35,899	31,880
Net income attributable to The Andersons, Inc.	$101,190	$131,080	$103,986
Average number of shares outstanding – basic	33,718	33,731	33,279
Average number of shares outstanding – diluted	34,382	34,422	33,855
Earnings per share attributable to The Andersons, Inc. common shareholders:
Basic earnings:
Continuing operations	$3.00	$3.53	$2.99
Discontinued operations	—	0.36	0.13
	$3.00	$3.89	$3.12
Diluted earnings:
Continuing operations	$2.94	$3.46	$2.94
Discontinued operations	—	0.35	0.13
	$2.94	$3.81	$3.07

ContentsView on SEC.gov

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