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 ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating revenues:        
Total operating revenues $ 7,284 $ 25,938 $ 39,166 $ 90,916
Operating expenses:        
Total operating expenses (8,218) 24,627 33,793 83,795
Gross profit 15,502 1,311 5,373 7,121
General and administrative expenses 2,930 2,557 8,106 7,679
Income (loss) from operations 12,572 (1,246) (2,733) (558)
Other income (expense), net:        
Interest expense (1,196) (854) (3,618) (2,625)
Gain on sale of real estate, property and equipment and assets held for sale 2,605 5,755 7,368 40,804
Other income, net 14 9 44 19
Total other income , net 1,423 4,910 3,794 38,198
Income before income taxes 13,995 3,664 1,061 37,640
Income tax provision 1,923 1,002 306 4,281
Net income 12,072 2,662 755 33,359
Net (income) loss attributable to noncontrolling interests (240) 44 140 180
Net income attributable to Alico, Inc. common stockholders $ 11,832 $ 2,706 $ 895 $ 33,539
Earnings per common share:        
Basic (in dollars per share) $ 1.56 $ 0.36 $ 0.12 $ 4.44
Diluted (in dollars per share) $ 1.56 $ 0.36 $ 0.12 $ 4.44
Weighted-average number of common shares outstanding:        
Basic 7,605 7,570 7,599 7,551
Diluted (in shares) 7,605 7,589 7,599 7,561
Cash dividends declared per common share $ 0.05 $ 0.50 $ 0.15 $ 1.50
Alico Citrus        
Operating revenues:        
Total operating revenues $ 6,712 $ 25,533 $ 37,917 $ 89,313
Operating expenses:        
Total operating expenses (8,322) 24,489 33,493 83,365
Land Management and Other Operations        
Operating revenues:        
Total operating revenues 572 405 1,249 1,603
Operating expenses:        
Total operating expenses $ 104 $ 138 $ 300 $ 430