Andersons Inc. (ANDE)

[IPO$]

Year ended December 31,




2014



2013



2012


Sales and merchandising revenues

$

4,540,071






$

5,604,574






$

5,272,010





Cost of sales and merchandising revenues

4,142,932






5,239,349






4,914,005





Gross profit

397,139






365,225






358,005





Operating, administrative and general expenses

318,881






278,433






246,929





Interest expense

21,760






20,860






22,155





Other income:












Equity in earnings of affiliates, net

96,523






68,705






16,487





Other income, net

31,125






14,876






14,725





Income before income taxes

184,146






149,513






120,133





Income tax provision

61,501






53,811






44,568





Net income

122,645






95,702






75,565





Net income (loss) attributable to the noncontrolling interests

12,919






5,763






(3,915

)


Net income attributable to The Andersons, Inc.

$

109,726






$

89,939






$

79,480





Per common share:












Basic earnings attributable to The Andersons, Inc. common shareholders

$

3.85






$

3.20






$

2.85





Diluted earnings attributable to The Andersons, Inc. common shareholders

$

3.84






$

3.18






$

2.82





Dividends paid

$

0.4700






$

0.4300






$

0.4000





The Notes to Consolidated Financial Statements are an integral part of these statements.