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 9 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Operating revenues:        
Total operating revenues $ 34,888,000 $ 26,122,000 $ 104,564,000 $ 87,642,000
Operating expenses:        
Total operating expenses 26,378,000 19,902,000 80,431,000 69,191,000
Gross profit 8,510,000 6,220,000 24,133,000 18,451,000
General and administrative expenses 1,911,000 2,556,000 7,092,000 8,269,000
Income from operations 6,599,000 3,664,000 17,041,000 10,182,000
Other income (expense), net:        
Interest expense (907,000) (1,603,000) (3,185,000) (4,599,000)
Gain on sale of real estate, property and equipment and assets held for sale 30,288,000 154,000 33,635,000 3,017,000
Other income (expense), net 6,000 44,000 18,000 (20,000)
Total other income (expense), net 29,387,000 (1,405,000) 30,468,000 (1,602,000)
Income before income taxes 35,986,000 2,259,000 47,509,000 8,580,000
Income tax provision 8,853,000 171,000 11,682,000 2,028,000
Net income 27,133,000 2,088,000 35,827,000 6,552,000
Net (income) loss attributable to noncontrolling interests (14,000) 8,000 4,000 (94,000)
Net income attributable to Alico, Inc. common stockholders $ 27,119,000 $ 2,096,000 $ 35,831,000 $ 6,458,000
Earnings per common share:        
Basic (in dollars per share) $ 3.61 $ 0.28 $ 4.77 $ 0.86
Diluted (in dollars per share) $ 3.61 $ 0.28 $ 4.77 $ 0.86
Weighted-average number of common shares outstanding:        
Basic 7,521 7,486 7,512 7,481
Diluted (in shares) 7,521 7,493 7,512 7,493
Cash dividends declared per common share $ 0.50 $ 0.09 $ 0.86 $ 0.27
Alico Citrus        
Operating revenues:        
Total operating revenues $ 34,262,000 $ 25,360,000 $ 102,456,000 $ 85,336,000
Operating expenses:        
Total operating expenses 26,156,000 19,508,000 79,821,000 67,866,000
Water Resources and Other Operations        
Operating revenues:        
Total operating revenues 626,000 762,000 2,108,000 2,306,000
Operating expenses:        
Total operating expenses $ 222,000 $ 394,000 $ 610,000 $ 1,325,000