Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.23.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Sep. 30, 2022
Current assets:    
Cash and cash equivalents $ 148 $ 865
Accounts receivable, net 8,970 324
Inventories 23,407 27,682
Income tax receivable 2,855 1,116
Assets held for sale 159 205
Prepaid expenses and other current assets 1,434 1,424
Total current assets 36,973 31,616
Property and equipment, net 369,101 372,479
Goodwill 2,246 2,246
Other non-current assets 3,241 2,914
Total assets 411,561 409,255
Current liabilities:    
Accounts payable 8,017 3,366
Accrued liabilities 3,785 9,062
Long-term debt, current portion 1,629 3,035
Other current liabilities 880 1,062
Total current liabilities 14,311 16,525
Long-term debt:    
Principal amount, net of current portion 103,550 103,661
Less: deferred financing costs, net (684) (748)
Long-term debt less current portion and deferred financing costs, net 102,866 102,913
Lines of credit 21,122 4,928
Deferred income tax liabilities, net 35,641 35,589
Other liabilities 300 435
Total liabilities 174,240 160,390
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 7,599,492 and 7,586,995 shares outstanding at March 31, 2023 and September 30, 2022, respectively 8,416 8,416
Additional paid in capital 19,985 19,784
Treasury stock, at cost, 816,653 and 829,150 shares held at March 31, 2023 and September 30, 2022, respectively (27,616) (27,948)
Retained earnings 231,793 243,490
Total Alico stockholders' equity 232,578 243,742
Noncontrolling interest 4,743 5,123
Total stockholders' equity 237,321 248,865
Total liabilities and stockholders' equity $ 411,561 $ 409,255