Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED AND COMBINED BALANCE SHEETS

v3.3.1.900
CONSOLIDATED AND COMBINED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2015
Sep. 30, 2014
Current assets:    
Cash and cash equivalents $ 7,360 $ 31,020
Accounts receivable, net 4,252 8,441
Inventories 55,142 25,469
Income tax receivable 2,088 0
Assets held for sale 0 59,513
Prepaid expenses and other current assets 1,838 1,269
Total current assets 70,680 125,712
Property and equipment, net 381,667 126,833
Goodwill 2,246 0
Deferred financing costs, net of accumulated amortization 2,985 1,143
Other non current assets 3,002 3,892
Total assets 460,580 257,580
Current liabilities:    
Accounts payable 4,022 2,053
Accrued liabilities 13,682 4,227
Long-term debt, current portion 4,511 3,196
Income taxes payable 0 4,572
Deferred tax liability, current portion 151 3,135
Obligations under capital leases, current portion 277 259
Other current liabilities 990 3,228
Total current liabilities 23,633 20,670
Long-term debt 201,370 58,444
Lines of credit 0 3,160
Deferred tax liability 24,134 8,760
Deferred gain on sale 29,122 0
Deferred retirement obligations 4,134 3,856
Obligations under capital leases 588 839
Total liabilities $ 282,981 $ 95,729
Commitments and contingencies (Note 18)
Equity:    
Preferred stock, no par value, 1,000,000 shares authorized; none issued $ 0 $ 0
Common stock, $1.00 par value, 15,000,000 shares authorized; 8,416,145 and 7,377,106 shares issued and 8,325,580 and 7,361,340 shares outstanding at September 30, 2015 and September 30, 2014, respectively 8,416 7,377
Additional paid in capital 21,289 3,742
Members' equity 0 16,414
Treasury stock, at cost, 90,565 and 15,766 shares held at September 30, 2015 and September 30, 2014, respectively (3,962) (650)
Retained earnings 147,049 134,968
Total Alico Inc. equity 172,792 161,851
Noncontrolling interest 4,807 0
Total equity 177,599 161,851
Total liabilities and equity $ 460,580 $ 257,580