ANDE FY 2010 Earnings Report — The Andersons, Inc. Revenue & Financial Results | Market Cap Arena

The Andersons, Inc.ANDE

FY 2010 Earnings

Reported March 1, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$3.4B	—	—	—	—
Op. Income	$140M	—	—	—	—
Gross Margin	9.7%	—	—	—	—
Net Margin	1.9%	—	—	—	—
EPS (Diluted)	$2.32	—	—	—	—
Free Cash Flow	-$289M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$3.4B
Cost of Revenue	$3.1B
GROSS PROFIT	$336M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$194M
Other Expenses	$0
Operating Expenses	$195M
Cost & Expenses	$3.3B
OPERATING INCOME	$140M
Interest Income	$0
Interest Expense	$20M
Other Income/Expenses	-$36M
INCOME BEFORE TAX	$104M
Income Tax Expense	$39M
Net Income from Continuing Ops	$65M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$65M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$64M
D&A	$39M
EBIT	$124M
EBITDA	$163M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$3.4B
Cost of Revenue	$3.1B
GROSS PROFIT	$336M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$194M
Other Expenses	$0
Operating Expenses	$195M
Cost & Expenses	$3.3B
OPERATING INCOME	$140M
Interest Income	$0
Interest Expense	$20M
Other Income/Expenses	-$36M
INCOME BEFORE TAX	$104M
Income Tax Expense	$39M
Net Income from Continuing Ops	$65M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$65M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$64M
D&A	$39M
EBIT	$124M
EBITDA	$163M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$65M
Depreciation & Amortization	$39M
Stock-Based Compensation	$3M
Deferred Income Tax	$12M
Other Non-Cash Items	-$33M
Change in Working Capital	-$325M
OPERATING CASH FLOW	-$239M
Capital Expenditure	-$49M
Acquisitions (Net)	-$39M
Purchases of Investments	-$13M
Sales/Maturities of Investments	$22M
Other Investing Activities	$13M
NET CASH FROM INVESTING	-$89M
Net Debt Issuance	$223M
Common Stock Repurchased	$0
Common Dividends Paid	-$7M
Other Financing Activities	-$7M
NET CASH FROM FINANCING	$212M
FREE CASH FLOW	-$289M
Net Change in Cash	-$117M

Balance Sheet

Item	Amount
Cash & Equivalents	$29M
Short-Term Investments	$0
Net Receivables	$152M
Inventory	$647M
Other Current Assets	$310M
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$151M
Goodwill	$152M
Intangible Assets	$0
Long-Term Investments	$223M
Tax Assets	$17M
Other Non-Current Assets	$168M
TOTAL NON-CURRENT ASSETS	$561M
TOTAL ASSETS	$1.7B
Account Payables	$386M
Short-Term Debt	$266M
Deferred Revenue	$79M
Other Current Liabilities	$58M
TOTAL CURRENT LIABILITIES	$837M
Long-Term Debt	$277M
Deferred Revenue NC	$33M
Deferred Tax Liabilities	$63M
Other Non-Current Liabilities	$25M
TOTAL NON-CURRENT LIABILITIES	$398M
TOTAL LIABILITIES	$1.2B
Common Stock	$96.0K
Additional Paid-In Capital	$178M
Retained Earnings	$316M
Treasury Stock	-$14M
Accum. Other Comp. Income	-$29M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$465M
Minority Interest	$13M
TOTAL EQUITY	$478M
TOTAL LIABILITIES & EQUITY	$1.7B
Total Debt	$277M
Net Debt	$248M