Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v3.20.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2020
Sep. 30, 2019
Current assets:    
Cash and cash equivalents $ 3,163 $ 18,630
Accounts receivable, net 4,347 713
Inventories 40,855 40,143
Income tax receivable 781  
Assets held for sale 1,366 1,442
Prepaid expenses and other current assets 1,387 1,049
Total current assets 51,899 61,977
Restricted cash 16,524 5,208
Property and equipment, net 350,061 345,648
Goodwill 2,246 2,246
Other non-current assets 3,207 2,309
Total assets 423,937 417,388
Current liabilities:    
Accounts payable 3,533 4,163
Accrued liabilities 7,095 7,769
Long-term debt, current portion 9,145 5,338
Deferred retirement obligations, current portion   5,226
Income taxes payable   5,536
Other current liabilities 1,385 919
Total current liabilities 21,158 28,951
Long-term debt:    
Principal amount, net of current portion 139,106 158,111
Less: deferred financing costs, net (1,151) (1,369)
Long-term debt less current portion and deferred financing costs, net 137,955 156,742
Lines of credit 2,942  
Deferred income tax liabilities, net 39,728 32,125
Other liabilities 372 172
Total liabilities 202,155 217,990
Commitments and Contingencies (Note 15)
Stockholders' equity:    
Preferred stock, no par value, 1,000,000 shares authorized; none issued
Common stock, $1.00 par value, 15,000,000 shares authorized; 8,416,145 shares issued and 7,492,524 and 7,476,513 shares outstanding at September 30, 2020 and September 30, 2019, respectively 8,416 8,416
Additional paid in capital 19,685 19,781
Treasury stock, at cost, 923,621 and 939,632 shares held at September 30, 2020 and September 30, 2019, respectively (30,779) (31,943)
Retained earnings 219,019 198,049
Total Alico stockholders' equity 216,341 194,303
Noncontrolling interest 5,441 5,095
Total stockholders' equity 221,782 199,398
Total liabilities and stockholders' equity $ 423,937 $ 417,388