Alico, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Acquisition and Dispositions (Tables)

Acquisition and Dispositions (Tables)

12 Months Ended

Sep. 30, 2015

Schedule of Unaudited Pro-forma Information

The unaudited pro-forma information below for the fiscal years ended September 30, 2015 and 2014 gives effect to this acquisition as if the acquisitions had occurred on October 1, 2013. The pro-forma financial information is not necessarily indicative of the results of operations if the acquisition had been effective as of this date.



(in thousands except per share amounts)	Fiscal Year Ended September 30,
	2015		2014
	(unaudited)

Revenues	$	153,648	$	175,400
Income from operations	$	19,044	$	35,981
Net income attributable to Alico Inc. common stockholders	$	15,305	$	22,444
Basic earnings per common share	$	1.90	$	3.06
Diluted earnings per common share	$	1.90	$	3.05

Orange-Co

Business Acquisition [Line Items]

Schedule of Assets Acquired and Liabilities Assumed

The following table summarizes the final allocation of the acquisition cost to the assets acquired and liabilities assumed at the date of acquisition, based on their estimated fair values:



Asset acquisition
(in thousands)
	Amount
Assets:
Accounts receivable	$	888
Other current assets	845
Inventories	35,562
Property and equipment
Citrus Trees	164,123
Land	63,395
Equipment and other facilities	13,431
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
Contingent consideration	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

DeSoto County

Business Acquisition [Line Items]

Schedule of Assets Acquired and Liabilities Assumed

Assets acquired in the acquisition are as follows:



(in thousands)	Amount

Inventories	$	1,148
Property and Equipment:
Citrus Trees	9,633
Land	3,902
Equipment and other facilities	1,834
Total cash paid	$	16,517

TRB

Business Acquisition [Line Items]

Schedule of Assets Acquired and Liabilities Assumed

Assets acquired and liabilities assumed in the TRB acquisition are as follows:



(in thousands)
	Amount
Assets:
Prepaid expenses	$	90
Inventories	2,155
Property and equipment:
Citrus trees	10,009
Land and land improvements	5,007
Equipment and other facilities	1,038
Total assets	$	18,299

Liabilities:	$	41

Assets acquired less liabilities assumed	$	18,258