Alico, Inc. Annual report pursuant to section 13 and 15(d)

Annual report pursuant to section 13 and 15(d)

Segment Information (Tables)

Segment Information (Tables)

12 Months Ended

Sep. 30, 2012

(dollars in thousands)	For the Year Ended September 30, 2012
	Citrus Groves		Agricultural Supply Chain Management		Improved Farmland		Ranch and Conservation		Other Operations			Intra-Company Eliminations			Total
Revenues
Alico Fruit	$	-	$	60,154	$	-	$	-	$	-		$	(11,820	)	$	48,334
Citrus Groves		55,423		-		-		-		-			-			55,423
Sugarcane		-				14,442		-		-			-			14,442
Cattle		-		-		-		5,894		-			-			5,894
Land leasing and rentals		-		-		874		1,067		480			-			2,421
Other operations		-		-		-		387		286			-			673
Total operating revenue		55,423		60,154		15,316		7,348		766			(11,820	)		127,187
Operating expenses:
Alico Fruit		-		59,513		-		-		-			(11,820	)		47,693
Citrus Groves		30,995		-		-		-		-			-			30,995
Sugarcane		-		-		11,127		-		-			-			11,127
Cattle		-		-		-		3,188		-			-			3,188
Land leasing and rentals		-		-		447		309		301			-			1,057
Other operations(a)		-		-		-		-		895			-			895
Total operating expenses		30,995		59,513		11,574		3,497		1,196			(11,820	)		94,955
Gross profit:
Alico Fruit		-		641		-		-		-			-			641
Citrus Groves		24,428		-		-		-		-			-			24,428
Sugarcane		-		-		3,315		-		-			-			3,315
Cattle		-		-		-		2,706		-			-			2,706
Land leasing and rentals		-		-		427		758		179			-			1,364
Other operations(a)		-		-		-		387		(609	)		-			(222	)
Gross profit	$	24,428	$	641	$	3,742	$	3,851	$	(430	)	$	-		$	32,232


(dollars in thousands)	For the Year Ended September 30, 2011
	Citrus Groves		Agricultural Supply Chain Management		Improved Farmland		Ranch and Conservation		Other Operations			Intra-Company Eliminations			Total
Revenues
Alico Fruit	$	-	$	45,794	$	-	$	-	$	-		$	(9,679	)	$	36,115
Citrus Groves		47,088		-		-		-		-			-			47,088
Sugarcane		-				7,796		-		-			-			7,796
Cattle		-		-		-		4,613		-			-			4,613
Land leasing and rentals		-		-		846		1,096		490			-			2,432
Other operations		-		-		-		306		242			-			548
Total operating revenue		47,088		45,794		8,642		6,015		732			(9,679	)		98,592
Operating expenses:
Alico Fruit		-		44,788		-		-		-			(9,679	)		35,109
Citrus Groves		27,764		-		-		-		-			-			27,764
Sugarcane		-		-		6,834		-		-			-			6,834
Cattle		-		-		-		3,178		-			-			3,178
Land leasing and rentals		-		-		509		378		333			-			1,220
Other operations(a)		-		-		-		84		970			-			1,054
Total operating expenses		27,764		44,788		7,343		3,640		1,303			(9,679	)		75,159
Gross profit:
Alico Fruit		-		1,006		-		-		-			-			1,006
Citrus Groves		19,324		-		-		-		-			-			19,324
Sugarcane		-		-		962		-		-			-			962
Cattle		-		-		-		1,435		-			-			1,435
Land leasing and rentals		-		-		337		718		157			-			1,212
Other operations(a)		-		-		-		222		(728	)		-			(506	)
Gross profit	$	19,324	$	1,006	$	1,299	$	2,375	$	(571	)	$	-		$	23,433


(dollars in thousands)	For the Year Ended September 30, 2010
	Citrus Groves		Agricultural Supply Chain Management		Improved Farmland		Ranch and Conservation		Other Operations			Intra-Company Eliminations			Total
Revenues
Alico Fruit	$	-	$	36,796	$	-	$	-	$	-		$	(7,900	)	$	28,896
Citrus Groves		36,469		-		-		-		-			-			36,469
Sugarcane		-				4,097		-		-			-			4,097
Cattle		-		-		-		4,035		-			-			4,035
Land leasing and rentals		-		-		895		1,040		422			-			2,357
Other operations(a)(b)		-		-		-		257		3681			-			3,938
Total operating revenue		36,469		36,796		4,992		5,332		4,103			(7,900	)		79,792
Operating expenses:
Alico Fruit		-		36,069		-		-		-			(7,900	)		28,169
Citrus Groves		25,730		-		-		-		-			-			25,730
Sugarcane		-		-		3,707		-		-			-			3,707
Cattle		-		-		-		3,772		-			-			3,772
Land leasing and rentals		-		-		426		309		368			-			1,103
Other operations(a)(b)		-		-		-		241		7,147			-			7,388
Total operating expenses		25,730		36,069		4,133		4,322		7,515			(7,900	)		69,869
Gross profit:
Alico Fruit		-		727		-		-		-			-			727
Citrus Groves		10,739		-		-		-		-			-			10,739
Sugarcane		-		-		390		-		-			-			390
Cattle		-		-		-		263		-			-			263
Land leasing and rentals		-		-		469		731		54			-			1,254
Other operations(a)(b)		-		-		-		16		(3,466	)		-			(3,450	)
Gross profit	$	10,739	$	727	$	859	$	1,010	$	(3,412	)	$	-		$	9,923

(a)

Other operations include the former real estate segment. During the fourth quarter of fiscal year 2012, management changed its business strategy in regards to Alico Land Development Co., which operated the real estate segment. The President terminated employment and operations are winding down.

(b)

Other operations include vegetables which operations were terminated in June of 2010.

Schedule of Capital Expenditures and Depreciation by Segment

(dollars in thousands)	Year ended September 30
	2012		2011		2010
Capital expenditures:
Alico Fruit	$	388	$	65	$	373
Citrus Groves		1,562		2,102		1,273
Sugarcane		10,482		4,633		3,586
Cattle		741		1,214		1,260
Land leasing and rentals		-		16		62

Segment capital expenditures		13,173		8,030		6,554

Other capital expenditures		2,748		4,235		1,649

Total capital expenditures	$	15,921	$	12,265	$	8,203

Depreciation, depletion and amortization:
Alico Fruit	$	223	$	213	$	315
Citrus Groves		2,088		1,977		2,021
Sugarcane		4,051		2,873		1,713
Cattle		992		937		1,292
Land leasing and rentals		427		481		546

Total segment depreciation, depletion and amortization		7,781		6,481		5,887

Other depreciation, depletion and amortization		648		846		1,334

Total depreciation, depletion and amortization	$	8,429	$	7,327	$	7,221

Schedule of Assets by Segment

(dollars in thousands)	September 30
	2012		2011
Total assets:
Alico Fruit	$	2,066	$	2,888
Citrus Groves		47,154		45,554
Sugarcane		63,916		53,213
Cattle		11,274		12,310
Land leasing and rentals		4,905		5,524

Segment assets		129,315		119,489
Other assets (b)		55,768		60,546

Total assets	$	185,083	$	180,035

(a)

The September 30, 2011 balance includes $6,600,000 for a foreclosed parcel of property; the property was subsequently sold and closed on July 25, 2012 and October 3, 2012. See Note 7, Property, Building and Equipment, Net and Note 18. Subsequent Events.