Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Sep. 30, 2022
Current assets:    
Cash and cash equivalents $ 1,062 $ 865
Accounts receivable, net 712 324
Inventories 52,481 27,682
Income tax receivable 1,200 1,116
Assets held for sale 1,632 205
Prepaid expenses and other current assets 1,718 1,424
Total current assets 58,805 31,616
Restricted cash 2,630 0
Property and equipment, net 361,849 372,479
Goodwill 2,246 2,246
Other non-current assets 2,823 2,914
Total assets 428,353 409,255
Current liabilities:    
Accounts payable 6,311 3,366
Accrued liabilities 5,363 9,062
Current portion of long-term debt 2,566 3,035
Other current liabilities 825 1,062
Total current liabilities 15,065 16,525
Long-term debt, net 101,410 102,913
Lines of credit 24,722 4,928
Deferred income tax liabilities, net 36,410 35,589
Other liabilities 369 435
Total liabilities 177,976 160,390
Commitments and Contingencies (Note 14)
Stockholders' equity:    
Preferred stock, no par value, 1,000,000 shares authorized; none issued 0 0
Common stock, $1.00 par value, 15,000,000 shares authorized; 8,416,145 shares issued and 7,610,551 and 7,586,995 shares outstanding at September 30, 2023 and September 30, 2022, respectively 8,416 8,416
Additional paid in capital 20,045 19,784
Treasury stock, at cost, 806,341 and 829,150 shares held at September 30, 2023 and September 30, 2022, respectively (27,274) (27,948)
Retained earnings 243,804 243,490
Total Alico stockholders' equity 244,991 243,742
Noncontrolling interest 5,386 5,123
Total stockholders' equity 250,377 248,865
Total liabilities and stockholders' equity $ 428,353 $ 409,255