Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Operating revenues:    
Total operating revenues $ 11,005 $ 14,779
Operating expenses:    
Total operating expenses 5,391 11,597
Gross profit 5,614 3,182
General and administrative expenses 2,760 3,450
Income (loss) from operations 2,854 (268)
Other (expense) income:    
Interest expense (1,544) (1,917)
Gain on sale of real estate, property and equipment and assets held for sale 25 22
Change in fair value of derivatives 0 (956)
Other expense (76) (13)
Total other expenses, net (1,595) (2,864)
Income (loss) before income taxes 1,259 (3,132)
Income tax provision (benefit) 361 (629)
Net income (loss) 898 (2,503)
Net (income) loss attributable to noncontrolling interests (107) 36
Net income (loss) attributable to Alico, Inc. common stockholders $ 791 $ (2,467)
Earnings (loss) per common share:    
Basic (in dollars per share) $ 0.11 $ (0.33)
Diluted (in dollars per share) $ 0.11 $ (0.33)
Weighted-average number of common shares outstanding:    
Basic (in shares) 7,477 7,479
Diluted (in shares) 7,491 7,479
Cash dividends declared per common share (in dollars per share) $ 0.09 $ 0.06
Alico Citrus    
Operating revenues:    
Total operating revenues $ 10,175 $ 13,897
Operating expenses:    
Total operating expenses 4,840 10,874
Gross profit 5,335 3,023
Water Resources and Other Operations    
Operating revenues:    
Total operating revenues 830 882
Operating expenses:    
Total operating expenses 551 723
Gross profit $ 279 $ 159