Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2016
Total operating revenues $ 81,281 $ 129,829 $ 144,196
Total operating expenses 55,688 120,899 109,137
Gross profit 25,593 8,930 35,059
General and administrative expenses 15,058 15,024 13,213
Income (loss) from operations 10,535 (6,094) 21,846
Other income (expense):      
Investment and interest (loss) income, net 39 (148) 0
Interest expense (8,561) (9,141) (9,893)
Gain on sale of real estate, property and equipment and assets held for sale 11,041 2,181 618
Other income (expense), net 136 (140) (91)
Total other income (expense), net 2,655 (7,248) (9,366)
Income (loss) before income taxes 13,190 (13,342) 12,480
Provision (benefit) for income taxes 390 (3,846) 5,521
Net income (loss) 12,800 (9,496) 6,959
Net loss attributable to noncontrolling interests 250 45 34
Net income (loss) attributable to Alico, Inc. common stockholders $ 13,050 $ (9,451) $ 6,993
Earnings (loss) per common share:      
Basic (in dollars per share) $ 1.59 $ (1.14) $ 0.84
Diluted (in dollars per share) $ 1.57 $ (1.14) $ 0.84
Weighted-average number of common shares outstanding:      
Basic (in shares) 8,232 8,300 8,303
Diluted (in shares) 8,301 8,300 8,311
Cash dividends declared per common share (in dollars per share) $ 0.24 $ 0.24 $ 0.24
Alico Citrus      
Total operating revenues $ 78,121 $ 123,441 $ 137,282
Total operating expenses 51,709 111,947 102,347
Water Resources and Other Operations      
Total operating revenues 3,160 6,388 6,914
Total operating expenses $ 3,979 $ 8,952 $ 6,790