Quarterly report pursuant to Section 13 or 15(d)

CONDENSED COMBINED CONSOLIDATED BALANCE SHEETS

v3.2.0.727
CONDENSED COMBINED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2015
Sep. 30, 2014
Current assets:    
Cash and cash equivalents $ 9,739 $ 31,020
Short-term investments   263
Accounts receivable, net $ 15,103 8,724
Inventories, net 46,255 $ 25,469
Income tax receivable $ 2,074  
Assets held for sale   $ 59,513
Other current assets $ 5,504 721
Total current assets 78,675 125,710
Property, buildings and equipment, net 383,100 $ 126,833
Goodwill 2,246  
Investment in Magnolia Fund 825 $ 1,435
Cash surrender value of life insurance 705 695
Investments, deposits and other assets 4,671 2,905
Total assets 470,222 257,578
Current liabilities:    
Accounts payable 3,352 2,052
Long-term debt, current portion 4,511 3,196
Accrued expenses $ 7,941 1,934
Income taxes payable   4,572
Deferred tax liability, current portion $ 725 3,135
Dividends payable 497 442
Accrued ad valorem taxes 1,757 1,850
Capital lease obligation, current portion 258 259
Other current liabilities 1,002 3,229
Total current liabilities 20,043 20,669
Long-term debt, net of current portion 202,069 58,444
Lines of credit 3,348 $ 3,160
Deferred gain on sale of assets, net of current portion 29,139  
Capital lease obligation, net of current portion 839 $ 839
Deferred tax liability, net of current portion 23,595 8,760
Deferred retirement benefits 3,895 $ 3,855
Other liabilities 3,867  
Total liabilities $ 286,795 $ 95,727
Commitments and contingencies (Note 11)    
Equity:    
Preferred stock, no par value, 1,000,000 shares authorized; none issued    
Common stock, $1 par value; 15,000,000 shares authorized, 8,300,363 and 7,377,106 shares issued and 8,277,513 and 7,361,340 shares outstanding as of June 30, 2015 and September 30, 2014, respectively $ 8,300 $ 7,377
Additional paid in capital 21,360 3,742
Treasury stock at cost, 22,850 and 15,766 shares held as of June 30, 2015 and September 30, 2014, respectively (1,147) (650)
Member's equity   16,414
Retained earnings 150,076 134,968
Total Alico, Inc. equity 178,589 $ 161,851
Noncontrolling interest 4,838  
Total liabilities and equity $ 470,222 $ 257,578