Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Sep. 30, 2023
Current assets:    
Cash and cash equivalents $ 9,106 $ 1,062
Accounts receivable, net 4,512 712
Inventories 35,998 52,481
Income tax receivable 0 1,200
Assets held for sale 3,106 1,632
Prepaid expenses and other current assets 1,642 1,718
Total current assets 54,364 58,805
Restricted cash 0 2,630
Property and equipment, net 355,255 361,849
Goodwill 2,246 2,246
Other non-current assets 2,737 2,823
Total assets 414,602 428,353
Current liabilities:    
Accounts payable 6,632 6,311
Accrued liabilities 4,618 5,363
Current portion of long-term debt 1,410 2,566
Income tax payable 7,171 0
Other current liabilities 527 825
Total current liabilities 20,358 15,065
Long-term debt, net 82,642 101,410
Lines of credit 0 24,722
Deferred income tax liabilities, net 36,868 36,410
Other liabilities 442 369
Total liabilities 140,310 177,976
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 7,624,185 and 7,610,551 shares outstanding at June 30, 2024 and September 30, 2023, respectively 8,416 8,416
Additional paid in capital 20,153 20,045
Treasury stock, at cost, 791,960 and 806,341 shares held at June 30, 2024 and September 30, 2023, respectively (26,838) (27,274)
Retained earnings 267,758 243,804
Total Alico stockholders’ equity 269,489 244,991
Noncontrolling interest 4,803 5,386
Total stockholders’ equity 274,292 250,377
Total liabilities and stockholders’ equity $ 414,602 $ 428,353