Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Sep. 30, 2023
Current assets:    
Cash and cash equivalents $ 3,150 $ 1,062
Accounts receivable, net 771 712
Inventories 30,084 52,481
Income tax receivable 1,958 1,200
Assets held for sale 3,106 1,632
Prepaid expenses and other current assets 1,558 1,718
Total current assets 40,627 58,805
Restricted cash 248 2,630
Property and equipment, net 352,733 361,849
Goodwill 2,246 2,246
Other non-current assets 2,865 2,823
Total assets 398,719 428,353
Current liabilities:    
Accounts payable 3,362 6,311
Accrued liabilities 5,366 5,363
Current portion of long-term debt 1,410 2,566
Other current liabilities 513 825
Total current liabilities 10,651 15,065
Long-term debt, net 82,313 101,410
Lines of credit 8,394 24,722
Deferred income tax liabilities, net 40,873 36,410
Other liabilities 193 369
Total liabilities 142,424 177,976
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 7,628,639 and 7,610,551 shares outstanding at September 30, 2024 and September 30, 2023, respectively 8,416 8,416
Additional paid in capital 20,184 20,045
Treasury stock, at cost, 787,506 and 806,341 shares held at September 30, 2024 and September 30, 2023, respectively (26,694) (27,274)
Retained earnings 249,253 243,804
Total Alico stockholders’ equity 251,159 244,991
Noncontrolling interest 5,136 5,386
Total stockholders’ equity 256,295 250,377
Total liabilities and stockholders’ equity $ 398,719 $ 428,353