Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2021
Sep. 30, 2020
Current assets:    
Cash and cash equivalents $ 886 $ 3,163
Accounts receivable, net 6,105 4,347
Inventories 43,377 40,855
Income tax receivable 3,233 781
Assets held for sale 160 1,366
Prepaid expenses and other current assets 1,152 1,387
Total current assets 54,913 51,899
Restricted cash   16,524
Property and equipment, net 373,231 350,061
Goodwill 2,246 2,246
Other non-current assets 2,827 3,207
Total assets 433,217 423,937
Current liabilities:    
Accounts payable 7,274 3,533
Accrued liabilities 9,872 7,095
Long-term debt, current portion 4,285 9,145
Other current liabilities 875 1,385
Total current liabilities 22,306 21,158
Long-term debt:    
Principal amount, net of current portion 122,009 139,106
Less: deferred financing costs, net (986) (1,151)
Long-term debt less current portion and deferred financing costs, net 121,023 137,955
Lines of credit   2,942
Deferred income tax liabilities, net 41,977 39,728
Other liabilities 306 372
Total liabilities 185,612 202,155
Commitments and Contingencies (Note 16)
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 7,526,004 and 7,492,524 shares outstanding at September 30, 2021 and September 30, 2020, respectively 8,416 8,416
Additional paid in capital 19,989 19,685
Treasury stock, at cost, 890,141 and 923,621 shares held at September 30, 2021 and September 30, 2020, respectively (29,853) (30,779)
Retained earnings 243,651 219,019
Total Alico stockholders' equity 242,203 216,341
Noncontrolling interest 5,402 5,441
Total stockholders' equity 247,605 221,782
Total liabilities and stockholders' equity $ 433,217 $ 423,937