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, 2022
Sep. 30, 2021
Sep. 30, 2020
Operating revenues:      
Total operating revenues $ 91,947 $ 108,564 $ 92,507
Operating expenses:      
Cost of sales 106,712 84,671 74,588
Gross (loss) profit (14,765) 23,893 17,919
General and administrative expenses 10,079 9,453 10,998
(Loss) income from operations (24,844) 14,440 6,921
Other income (expense):      
Investment and interest income, net 21 23 98
Interest expense (3,324) (3,987) (5,981)
Gains on sale of real estate, property and equipment and assets held for sale 41,102 35,898 30,424
Other income (expense), net   13 (85)
Total other income, net 37,799 31,947 24,456
Income before income taxes 12,955 46,387 31,377
Income tax provision 1,069 11,567 7,663
Net income 11,886 34,820 23,714
Net loss (income) attributable to noncontrolling interests 573 39 (52)
Net income attributable to Alico, Inc. common stockholders $ 12,459 $ 34,859 $ 23,662
Earnings per common share:      
Basic (in dollars per share) $ 1.65 $ 4.64 $ 3.16
Diluted (in dollars per share) $ 1.65 $ 4.64 $ 3.16
Weighted-average number of common shares outstanding:      
Basic (in shares) 7,560 7,516 7,484
Diluted (in shares) 7,568 7,519 7,496
Cash dividends declared per common share $ 2.00 $ 1.36 $ 0.36
Alico Citrus      
Operating revenues:      
Total operating revenues $ 89,681 $ 105,796 $ 89,369
Operating expenses:      
Cost of sales 106,192 83,893 72,281
Water Resources and Other Operations      
Operating revenues:      
Total operating revenues 2,266 2,768 3,138
Operating expenses:      
Cost of sales $ 520 $ 778 $ 2,307