Andersons cash flow, quarter by quarter

In Q3 2026, Andersons generated −$124M of operating cash flow and spent $59.6M on capital projects, leaving free cash flow of −$184M. That is $351M less than in Q3 2025 ($167M).

Over the twelve months to Sep 30, 2026, operating cash flow was −$36.2M; the largest uses were capital spending ($258M), other financing ($152M), operating cash flow ($36.2M); besides operations, cash came from net borrowing (+) / repaid (−) ($451M), other investing ($18.8M); the cash balance fell by $23.3M.

Operating cash flow was −$124M against net income of $43.9M — -2.8× profit, less cash than reported earnings, worth checking against working capital. The largest differences: inventory −$250M, depreciation & amortization +$36.3M, prepaid and other assets −$32.4M.

Andersons is burning cash: its operations consume cash, a free cash flow of −$294M a year at the current rate against $58.3M of cash and investments: a runway of about 2 months; $518M of debt also comes due within a year, which would need refinancing or new money before any new financing.