Alico, Inc. Quarterly report pursuant to Section 13 or 15(d)

Acquisitions and Dispositions (Tables)

9 Months Ended

Jun. 30, 2015

Asset acquisition
(in thousands)
	Amount
Assets:
Accounts receivable, net	$	888
Other current assets		845
Inventories, net		35,562
Property, Buildings and Equipment		240,949
Goodwill		2,246
Other assets		2,140
Total assets, net of cash acquired	$	282,630

Liabilities:
Accounts payable and accrued liabilities	$	4,205
Debt		500
Payable to seller		7,500
Total liabilities assumed	$	12,205

Assets acquired less liabilities assumed	$	270,425

Less: fair value attributable to noncontrolling interest		(4,838	)

Total purchase consideration	$	265,587


Cash proceeds from sugarcane disposition	$	97,126
Working capital line of credit		27,857
Term loans		140,604

Total purchase consideration	$	265,587

(in thousands except per share amounts)	Three Months Ended June 30,				Nine Months Ended June 30,
	2015		2014		2015		2014

Revenues	$	68,809	$	73,519	$	131,857	$	163,375
Income from operations	$	16,177	$	20,479	$	18,438	$	38,119
Net income attributable to Alico, Inc. common stockholders	$	7,767	$	11,843	$	15,104	$	20,932
Basic earnings per common share	$	0.94	$	1.61	$	1.90	$	2.86
Diluted earnings per common share	$	0.94	$	1.61	$	1.89	$	2.85

(in thousands)
	Amount
Assets:
Inventories, net	$	1,329
Property, Buildings and Equipment
Equipment and other facilities		2,742
Land		5,921
Citrus Trees		7,632
Total assets, net of cash acquired	$	17,624