Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2019
Operating revenues:      
Total operating revenues $ 108,564 $ 92,507 $ 122,251
Operating expenses:      
Total operating expenses 84,671 74,588 61,891
Gross profit 23,893 17,919 60,360
General and administrative expenses 9,453 10,998 15,146
Income from operations 14,440 6,921 45,214
Other income (expense):      
Investment and interest income, net 23 98 49
Interest expense (3,987) (5,981) (7,180)
Gains on sale of real estate, property and equipment and assets held for sale 35,898 30,424 13,166
Change in fair value of derivatives     (989)
Other income (expense), net 13 (85) (27)
Total other income, net 31,947 24,456 5,019
Income before income taxes 46,387 31,377 50,233
Income tax provision 11,567 7,663 12,783
Net income 34,820 23,714 37,450
Net loss (income) attributable to noncontrolling interests 39 (52) 383
Net income attributable to Alico, Inc. common stockholders $ 34,859 $ 23,662 $ 37,833
Earnings per common share:      
Basic (in dollars per share) $ 4.64 $ 3.16 $ 5.06
Diluted (in dollars per share) $ 4.64 $ 3.16 $ 5.05
Weighted-average number of common shares outstanding:      
Basic (in shares) 7,516 7,484 7,472
Diluted (in shares) 7,519 7,496 7,493
Cash dividends declared per common share $ 1.36 $ 0.36 $ 0.24
Alico Citrus      
Operating revenues:      
Total operating revenues $ 105,796 $ 89,369 $ 119,031
Operating expenses:      
Total operating expenses 83,893 72,281 59,594
Water Resources and Other Operations      
Operating revenues:      
Total operating revenues 2,768 3,138 3,220
Operating expenses:      
Total operating expenses $ 778 $ 2,307 $ 2,297