Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

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CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2014
Operating revenues:      
Total operating revenues $ 144,196 $ 153,126 $ 104,003
Operating expenses:      
Total operating expenses 109,137 117,127 82,809
Gross profit 35,059 35,999 21,194
General and administrative expenses 13,213 16,494 11,811
Income from operations 21,846 19,505 9,383
Other (expense) income:      
Investment and interest income, net 0 2 131
Interest expense (9,893) (8,366) (2,368)
Gain on bargain purchase 0 1,145 0
Gain on sale of real estate 618 13,590 7,748
Gain on settlement of contingent consideration arrangement 0 0 6,000
Loss on extinguishment of debt 0 (1,051) 0
Impairment of asset held for sale 0 (541) 0
Other expense, net (91) (196) (16)
Total other (expense) income, net (9,366) 4,583 11,495
Income before income taxes 12,480 24,088 20,878
Provision for income taxes 5,521 10,905 11,383
Net income 6,959 13,183 9,495
Net loss attributable to noncontrolling interests 34 31 0
Net income attributable to Alico, Inc. common stockholders 6,993 13,214 9,495
Comprehensive income attributable to noncontrolling interests 0 0 0
Comprehensive income attributable to Alico, Inc. common stockholders $ 6,993 $ 13,214 $ 9,495
Earnings per common share:      
Basic (in dollars per share) $ 0.84 $ 1.64 $ 1.29
Diluted (in dollars per share) $ 0.84 $ 1.64 $ 1.29
Weighted-average number of common shares outstanding:      
Basic (in shares) 8,303 8,056 7,336
Diluted (in shares) 8,311 8,061 7,354
Cash dividends declared per common share (in dollars per share) $ 0.24 $ 0.24 $ 0.24
Orange Co.      
Operating revenues:      
Total operating revenues $ 137,282 $ 146,147 $ 74,768
Operating expenses:      
Total operating expenses 102,347 110,236 54,956
Conservation and Environmental Resources      
Operating revenues:      
Total operating revenues 5,669 5,394 8,172
Operating expenses:      
Total operating expenses 6,393 4,808 6,123
Other Operations      
Operating revenues:      
Total operating revenues 1,245 1,585 21,063
Operating expenses:      
Total operating expenses $ 397 $ 2,083 $ 21,730