Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED AND COMBINED BALANCE SHEETS

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CONSOLIDATED AND COMBINED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2016
Sep. 30, 2015
Current assets:    
Cash and cash equivalents $ 6,625 $ 5,474
Accounts receivable, net 4,740 3,137
Inventories 58,469 58,273
Income tax receivable 1,013 2,088
Prepaid expenses and other current assets 2,261 1,791
Total current assets 73,108 70,763
Property and equipment, net 379,247 381,099
Goodwill 2,246 2,246
Deferred financing costs, net of accumulated amortization 2,369 2,978
Other non-current assets 1,692 3,002
Total assets 458,662 460,088
Current liabilities:    
Accounts payable 5,975 4,407
Accrued liabilities 6,920 13,813
Long-term debt, current portion 4,493 4,511
Deferred tax liability, current portion 53 151
Obligations under capital leases, current portion 288 277
Other current liabilities 1,002 975
Total current liabilities 18,731 24,134
Long-term debt 192,726 200,970
Lines of credit 5,000 0
Deferred tax liability 31,004 25,629
Deferred gain on sale 28,440 29,122
Deferred retirement obligations 4,198 4,134
Obligations under capital leases 300 588
Total liabilities 280,399 284,577
Commitments and Contingencies (Note 17)
Stockholders' 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 8,416,145 shares issued and 8,315,535 and 8,325,580 shares outstanding at September 30, 2016 and September 30, 2015, respectively 8,416 8,416
Additional paid in capital 18,155 19,795
Treasury stock, at cost, 100,610 and 90,565 shares held at September 30, 2016 and September 30, 2015, respectively (4,585) (3,962)
Retained earnings 151,504 146,455
Total Alico stockholders' equity 173,490 170,704
Noncontrolling interest 4,773 4,807
Total stockholders' equity 178,263 175,511
Total liabilities and stockholders' equity $ 458,662 $ 460,088