Financial Highlights



Operating Results (in thousands)

2016

2015

% Change

Sales and merchandising revenues $3,924,790$4,198,495(6.5%)
Gross profit 345,506375,838(8.1%)
Equity in earnings of affiliates 9,72131,924(69.5%)
Other income, net 14,77546,472(68.2%)
Net income (loss) 14,470(11,322)227.8%
Net income (loss) attributable to The Andersons, Inc. 11,594(13,067)188.7%

Financial Position (in thousands)

Total assets 2,232,8492,359,101(5.4%)
Working capital 258,350241,4857.0%
Long-term debt 397,065436,208(9.0%)
Total equity 790,697783,7390.9%

Per Share Data

Net income (loss) - basic 0.41(0.46)198.1%
Net income (loss) - diluted 0.41(0.46)198.1%
Dividends declared 0.6250.5758.7%
Year-end market value 44.7031.6341.3%

Ratios and Other Data

Net income (loss) attributable to The Andersons, Inc. return on beginning equity attributable to The Andersons, Inc. 1.5%(1.6%)193.8%
Adjusted net income attributable to The Andersons, Inc. return on beginning equity attributable to The Andersons, Inc.* 1.5%5.0%(70.0%)
Funded long-term debt to equity 0.5-to-10.6-to-1(9.8%)
Weighted average shares outstanding (basic) (in thousands) 28,19328,288(0.3%)
Effective tax rate 32.3%2.1%1438.1%

Net Income (Loss) Attributable to
The Andersons, Inc.*

(Dollars in Millions)

EBITDA
(Dollars in Millions)

Earnings (Loss) Per Share - Diluted*
(In Dollars)

Financial Charts


* Adjusted net income for 2015 excludes one-time after-tax losses of $34.8 million, $31.9 million and $1.9 million in goodwill impairments, pension settlement charges, and one-time acquisition costs, respectively and a $14.3 million after-tax gain on the partial redemption of our Lansing Trade Group investment. Adjusted net income for 2014 excludes a $10.7 million gain from the partial redemption of the Lansing Trade Group.