Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Sep. 30, 2020
Current assets:    
Cash and cash equivalents $ 2,601 $ 3,163
Accounts receivable, net 5,598 4,347
Inventories 46,430 40,855
Income tax receivable   781
Assets held for sale 1,410 1,366
Prepaid expenses and other current assets 1,755 1,387
Total current assets 57,794 51,899
Restricted cash   16,524
Property and equipment, net 367,221 350,061
Goodwill 2,246 2,246
Other non-current assets 2,921 3,207
Total assets 430,182 423,937
Current liabilities:    
Accounts payable 1,950 3,533
Accrued liabilities 5,473 7,095
Long-term debt, current portion 9,090 9,145
Income taxes payable 469  
Other current liabilities 1,031 1,385
Total current liabilities 18,013 21,158
Long-term debt:    
Principal amount, net of current portion 136,472 139,106
Less: deferred financing costs, net (1,109) (1,151)
Long-term debt less current portion and deferred financing costs, net 135,363 137,955
Lines of credit 12,204 2,942
Deferred income tax liabilities, net 39,728 39,728
Other liabilities 332 372
Total liabilities 205,640 202,155
Commitments and Contingencies (Note 12)
Stockholders' equity:    
Preferred stock, no par value, 1,000,000 shares authorized; none issued
Common stock, $1.00 par value, 15,000,000 shares authorized; 8,416,145 shares issued and 7,506,160 and 7,492,524 shares outstanding at December 31, 2020 and September 30, 2020, respectively 8,416 8,416
Additional paid in capital 19,634 19,685
Treasury stock, at cost, 909,985 and 923,621 shares held at December 31, 2020 and September 30, 2020, respectively (30,421) (30,779)
Retained earnings 221,513 219,019
Total Alico stockholders' equity 219,142 216,341
Noncontrolling interest 5,400 5,441
Total stockholders' equity 224,542 221,782
Total liabilities and stockholders' equity $ 430,182 $ 423,937