Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

v3.8.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2015
Operating revenues:      
Total operating revenues $ 129,829 $ 144,196 $ 153,126
Operating expenses:      
Total operating expenses 120,899 109,137 117,668
Gross profit 8,930 35,059 35,458
General and administrative expenses 15,024 13,213 16,494
(Loss) income from operations (6,094) 21,846 18,964
Other (expense) income:      
Investment and interest income, net (148) 0 2
Interest expense (9,141) (9,893) (8,366)
Gain on bargain purchase 0 0 1,145
Gain on sale of real estate and fixed assets 2,181 618 13,590
Loss on extinguishment of debt 0 0 (1,051)
Other expense, net (140) (91) (196)
Total other (expense) income, net (7,248) (9,366) 5,124
(Loss) income before income taxes (13,342) 12,480 24,088
Provision (benefit) for income taxes (3,846) 5,521 10,905
Net (loss) income (9,496) 6,959 13,183
Net loss attributable to noncontrolling interests 45 34 31
Net (loss) income attributable to Alico, Inc. common stockholders $ (9,451) $ 6,993 $ 13,214
Earnings (loss) per common share:      
Basic (in dollars per share) $ (1.14) $ 0.84 $ 1.64
Diluted (in dollars per share) $ (1.14) $ 0.84 $ 1.64
Weighted-average number of common shares outstanding:      
Basic (in shares) 8,300 8,303 8,056
Diluted (in shares) 8,300 8,311 8,061
Cash dividends declared per common share (in dollars per share) $ 0.24 $ 0.24 $ 0.24
Alico Citrus      
Operating revenues:      
Total operating revenues $ 123,441 $ 137,282 $ 146,147
Operating expenses:      
Total operating expenses 111,947 102,347 110,777
Conservation and Environmental Resources      
Operating revenues:      
Total operating revenues 4,793 5,669 5,394
Operating expenses:      
Total operating expenses 8,814 6,393 4,808
Other Operations      
Operating revenues:      
Total operating revenues 1,595 1,245 1,585
Operating expenses:      
Total operating expenses $ 138 $ 397 $ 2,083