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

Quarterly report pursuant to Section 13 or 15(d)

Segment Information

Segment Information

3 Months Ended

Dec. 31, 2017

Segments

Operating segments are defined in the criteria established under the Financial Accounting Standards Board - Accounting Standards Codification (“FASB ASC”) Topic 280 as components of public entities that engage in business activities from which they may earn revenues and incur expenses for which separate financial information is available and which is evaluated regularly by the Company’s chief operating decision maker (“CODM”) in deciding how to assess performance and allocate resources. The Company’s CODM assesses performance and allocates resources based on three operating segments: Alico Citrus, Conservation and Environmental Resources and Other Operations.

Total revenues represent sales to unaffiliated customers, as reported in the Condensed Consolidated Statements of Operations. Goods and services produced by these segments are sold to wholesalers and processors in the United States who prepare the products for consumption. The Company evaluates the segments’ performance based on direct margins (gross profit) from operations before general and administrative expenses, interest expense, other income (expense) and income taxes, not including nonrecurring gains and losses.

Information by operating segment is as follows:



(in thousands)	Three Months Ended December 31,
	2017			2016
Revenues:
Alico Citrus	$	17,079		$	16,877
Conservation and Environmental Resources	363			301
Other Operations	91			267
Total revenues	17,533			17,445

Operating expenses:
Alico Citrus	16,295			14,085
Conservation and Environmental Resources	597			514
Other Operations	59			93
Total operating expenses	16,951			14,692

Gross profit (loss):
Alico Citrus	784			2,792
Conservation and Environmental Resources	(234		)	(213		)
Other Operations	32			174
Total gross profit	$	582		$	2,753

Depreciation, depletion and amortization:
Alico Citrus	$	3,398		$	3,516
Conservation and Environmental Resources	59			169
Other Operations	11			32
Other Depreciation, Depletion and Amortization	22			199
Total depreciation, depletion and amortization	$	3,490		$	3,916



(in thousands)	December 31,		September 30,
	2017		2017
Assets:
Alico Citrus	$	389,351	$	387,972
Conservation and Environmental Resources	15,314		13,845
Other Operations	10,889		10,974
Other Corporate Assets	2,408		6,391
Total Assets	$	417,962	$	419,182