Andersons Inc
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
View on SEC.govAbout this filing
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.
FY2023 · Filed Feb 21, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 2. Properties
The Company's principal agriculture and other properties are described below. The Company believes that its properties are adequate for its business, well maintained and utilized, suitable for their intended uses and adequately insured.
| Trade · Renewables · Nutrient & Industrial | ||||
|---|---|---|---|---|
| (in thousands) | Grain Storage | Nameplate Capacity | Dry Fertilizer Storage | Liquid Fertilizer Storage |
| Location | (bushels) | (gallons) | (tons) | (tons) |
| Canada | 21,598 | — | — | — |
| Idaho | 18,840 | — | — | — |
| Indiana | 16,800 | 110,000 | 135 | 138 |
| Iowa | — | 55,000 | — | 67 |
| Louisiana | 23,962 | — | — | — |
| Michigan | 25,459 | 130,000 | 75 | 46 |
| Nebraska | 11,424 | — | — | 40 |
| Ohio | 41,078 | 110,000 | 168 | 77 |
| Wisconsin | — | — | 25 | 78 |
| Other | 9,237 | — | 57 | 67 |
| 168,398 | 405,000 | 460 | 513 | |
The Trade facilities are mostly concrete and steel tanks, with some flat storage buildings. The Company also owns grain inspection buildings and dryers, maintenance buildings and truck scales and dumps. Approximately 81% of the total storage capacity noted above, which includes temporary pile storage, is owned, while the remaining capacity is leased from third parties.
The Renewables properties are four ethanol plants owned under the TAMH investment that is consolidated in the Company's Consolidated Financial Statements.
The Nutrient & Industrial properties consist mainly of fertilizer warehouse and formulation and packaging facilities for dry and liquid fertilizers. The Company owns substantially all of the facilities noted above.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.