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, 2019
Sep. 30, 2018
Sep. 30, 2017
Operating revenues:      
Total operating revenues $ 122,251 $ 81,281 $ 129,829
Operating expenses:      
Total operating expenses 61,891 55,688 120,899
Gross profit 60,360 25,593 8,930
General and administrative expenses 15,146 15,058 15,024
Income (loss) from operations 45,214 10,535 (6,094)
Other income (expense):      
Investment and interest income (loss), net 49 39 (148)
Interest expense (7,180) (8,561) (9,141)
Gain on sale of real estate, property and equipment and assets held for sale 13,166 11,041 2,181
Change in fair value of derivatives (989) 0 0
Other (loss) income, net (27) 136 (140)
Total other income (expense) 5,019 2,655 (7,248)
Income (loss) before income taxes 50,233 13,190 (13,342)
Income tax provision (benefit) 12,783 390 (3,846)
Net income (loss) 37,450 12,800 (9,496)
Net loss attributable to noncontrolling interests 383 250 45
Net income (loss) attributable to Alico, Inc. common stockholders $ 37,833 $ 13,050 $ (9,451)
Earnings (loss) per common share:      
Basic (in dollars per share) $ 5.06 $ 1.59 $ (1.14)
Diluted (in dollars per share) $ 5.05 $ 1.57 $ (1.14)
Weighted-average number of common shares outstanding:      
Basic (in shares) 7,472 8,232 8,300
Diluted (in shares) 7,493 8,301 8,300
Cash dividends declared per common share (in dollars per share) $ 0.24 $ 0.24 $ 0.24
Alico Citrus      
Operating revenues:      
Total operating revenues $ 119,031 $ 78,121 $ 123,441
Operating expenses:      
Total operating expenses 59,594 51,709 111,947
Water Resources and Other Operations      
Operating revenues:      
Total operating revenues 3,220 3,160 6,388
Operating expenses:      
Total operating expenses $ 2,297 $ 3,979 $ 8,952