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
 3 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Operating revenues:    
Total operating revenues $ 13,732,000 $ 11,005,000
Operating expenses:    
Total operating expenses 8,335,000 5,391,000
Gross profit 5,397,000 5,614,000
General and administrative expenses 2,528,000 2,760,000
Income from operations 2,869,000 2,854,000
Other income (expense), net:    
Interest expense (1,189,000) (1,544,000)
Gain on sale of real estate, property and equipment and assets held for sale 3,364,000 25,000
Other income (expense) 10,000 (76,000)
Total other income (expense), net 2,185,000 (1,595,000)
Income before income taxes 5,054,000 1,259,000
Income tax provision 1,250,000 361,000
Net income 3,804,000 898,000
Net loss (income) attributable to noncontrolling interests 41,000 (107,000)
Net income attributable to Alico, Inc. common stockholders $ 3,845,000 $ 791,000
Earnings per common share:    
Basic (in dollars per share) $ 0.51 $ 0.11
Diluted (in dollars per share) $ 0.51 $ 0.11
Weighted-average number of common shares outstanding:    
Basic 7,503 7,477
Diluted (in shares) 7,503 7,491
Cash dividends declared per common share $ 0.18 $ 0.09
Alico Citrus    
Operating revenues:    
Total operating revenues $ 12,926,000 $ 10,175,000
Operating expenses:    
Total operating expenses 8,147,000 4,840,000
Water Resources and Other Operations    
Operating revenues:    
Total operating revenues 806,000 830,000
Operating expenses:    
Total operating expenses $ 188,000 $ 551,000