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 9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Operating revenues:        
Total operating revenues $ 25,938 $ 34,888 $ 90,916 $ 104,564
Operating expenses:        
Total operating expenses 24,627 26,378 83,795 80,431
Gross profit 1,311 8,510 7,121 24,133
General and administrative expenses 2,557 1,911 7,679 7,092
(Loss) income from operations (1,246) 6,599 (558) 17,041
Other income (expense), net:        
Interest expense (854) (907) (2,625) (3,185)
Gain on sale of real estate, property and equipment and assets held for sale 5,755 30,288 40,804 33,635
Other income, net 9 6 19 18
Total other income , net 4,910 29,387 38,198 30,468
Income before income taxes 3,664 35,986 37,640 47,509
Income tax provision 1,002 8,853 4,281 11,682
Net income 2,662 27,133 33,359 35,827
Net loss (income) attributable to noncontrolling interests 44 (14) 180 4
Net income attributable to Alico, Inc. common stockholders $ 2,706 $ 27,119 $ 33,539 $ 35,831
Earnings per common share:        
Basic (in dollars per share) $ 0.36 $ 3.61 $ 4.44 $ 4.77
Diluted (in dollars per share) $ 0.36 $ 3.61 $ 4.44 $ 4.77
Weighted-average number of common shares outstanding:        
Basic 7,570 7,521 7,551 7,512
Diluted (in shares) 7,589 7,521 7,561 7,512
Cash dividends declared per common share $ 0.50 $ 0.50 $ 1.50 $ 0.86
Alico Citrus        
Operating revenues:        
Total operating revenues $ 25,533 $ 34,262 $ 89,313 $ 102,456
Operating expenses:        
Total operating expenses 24,489 26,156 83,365 79,821
Water Resources and Other Operations        
Operating revenues:        
Total operating revenues 405 626 1,603 2,108
Operating expenses:        
Total operating expenses $ 138 $ 222 $ 430 $ 610