Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Sep. 30, 2023
Current assets:    
Cash $ 18,632 $ 1,062
Accounts receivable, net 7,886 712
Inventories 41,804 52,481
Income tax receivable 0 1,200
Assets held for sale 69 1,632
Prepaid expenses and other current assets 3,426 1,718
Total current assets 71,817 58,805
Restricted cash 2,630 2,630
Property and equipment, net 361,603 361,849
Goodwill 2,246 2,246
Other non-current assets 2,913 2,823
Total assets 441,209 428,353
Current liabilities:    
Accounts payable 7,041 6,311
Accrued liabilities 3,633 5,363
Current portion of long-term debt 1,410 2,566
Income tax payable 15,552 0
Other current liabilities 904 825
Total current liabilities 28,540 15,065
Long-term debt, net 83,299 101,410
Lines of credit 0 24,722
Deferred income tax liabilities, net 36,410 36,410
Other liabilities 334 369
Total liabilities 148,583 177,976
Commitments and Contingencies (Note 12)
Stockholders' equity:    
Preferred stock, no par value, 1,000,000 shares authorized; none issued 0 0
Common stock, $1.00 par value, 15,000,000 shares authorized; 8,416,145 shares issued and 7,616,081 and 7,610,551 shares outstanding at December 31, 2023 and September 30, 2023, respectively 8,416 8,416
Additional paid in capital 20,064 20,045
Treasury stock, at cost, 800,064 and 806,341 shares held at December 31, 2023 and September 30, 2023, respectively (27,099) (27,274)
Retained earnings 286,368 243,804
Total Alico stockholders' equity 287,749 244,991
Noncontrolling interest 4,877 5,386
Total stockholders' equity 292,626 250,377
Total liabilities and stockholders' equity $ 441,209 $ 428,353