Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Net cash used in operating activities:    
Net income (loss) $ 42,436 $ (3,186)
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation, depletion and amortization 3,804 3,950
Amortization of debt issue costs 120 36
Gain on sale of real estate, property and equipment and assets held for sale (77,025) (3,189)
Loss on disposal of long-lived assets 225 1,915
Inventory net realizable value adjustment 10,846 0
Stock-based compensation expense 194 305
Other 36 8
Changes in operating assets and liabilities:    
Accounts receivable (7,174) (4,045)
Inventories (169) (1,316)
Prepaid expenses (1,708) (122)
Income tax receivable 1,200 (1,083)
Other assets 2 108
Accounts payable and accrued liabilities (1,320) (2,822)
Income taxes payable 15,552 0
Other liabilities (188) (224)
Net cash used in operating activities (13,169) (9,665)
Cash flows from investing activities:    
Purchases of property and equipment (3,490) (3,453)
Acquisition of citrus groves 0 (29)
Net proceeds from sale of real estate, property and equipment and assets held for sale 79,090 3,287
Change in deposits on purchase of citrus trees (375) (301)
Net cash provided by (used in) investing activities 75,225 (496)
Cash flows from financing activities:    
Repayments on revolving lines of credit (44,032) (8,902)
Borrowings on revolving lines of credit 19,310 23,019
Principal payments on term loans (19,383) (759)
Dividends paid (381) (3,793)
Net cash (used in) provided by financing activities (44,486) 9,565
Net increase (decrease) in cash and restricted cash 17,570 (596)
Cash and restricted cash at beginning of the period (21,262) (269)
Cash and restricted cash at end of the period 21,262 269
Non-cash investing activities:    
Assets received in exchange for services 298 0
Trees delivered in exchange for prior services $ 176 $ 0