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, 2020
Sep. 30, 2019
Sep. 30, 2018
Operating revenues:      
Total operating revenues $ 92,507 $ 122,251 $ 81,281
Operating expenses:      
Total operating expenses 74,588 61,891 55,688
Gross profit 17,919 60,360 25,593
General and administrative expenses 10,998 15,146 15,058
Income from operations 6,921 45,214 10,535
Other income (expense):      
Investment and interest income, net 98 49 39
Interest expense (5,981) (7,180) (8,561)
Gain on sale of real estate, property and equipment and assets held for sale 30,424 13,166 11,041
Change in fair value of derivatives   (989)  
Other (expense) income, net (85) (27) 136
Total other income, net 24,456 5,019 2,655
Income before income taxes 31,377 50,233 13,190
Income tax provision 7,663 12,783 390
Net income 23,714 37,450 12,800
Net (income) loss attributable to noncontrolling interests (52) 383 250
Net income attributable to Alico, Inc. common stockholders $ 23,662 $ 37,833 $ 13,050
Earnings per common share:      
Basic (in dollars per share) $ 3.16 $ 5.06 $ 1.59
Diluted (in dollars per share) $ 3.16 $ 5.05 $ 1.57
Weighted-average number of common shares outstanding:      
Basic (in shares) 7,484 7,472 8,232
Diluted (in shares) 7,496 7,493 8,301
Cash dividends declared per common share $ 0.36 $ 0.24 $ 0.24
Alico Citrus      
Operating revenues:      
Total operating revenues $ 89,369 $ 119,031 $ 78,121
Operating expenses:      
Total operating expenses 72,281 59,594 51,709
Water Resources and Other Operations      
Operating revenues:      
Total operating revenues 3,138 3,220 3,160
Operating expenses:      
Total operating expenses $ 2,307 $ 2,297 $ 3,979