Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 12 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2021
Operating revenues:      
Total operating revenues $ 39,846 $ 91,947 $ 108,564
Operating expenses:      
Total operating expenses 33,400 106,712 84,671
Gross profit (loss) 6,446 (14,765) 23,893
General and administrative expenses 10,643 10,079 9,453
(Loss) income from operations (4,197) (24,844) 14,440
Other income (expense), net:      
Investment and interest income, net 58 21 23
Interest expense (4,911) (3,324) (3,987)
Gain on sale of property and equipment 11,509 41,102 35,898
Other income, net 0 0 13
Total other income, net 6,656 37,799 31,947
Income before income taxes 2,459 12,955 46,387
Income tax provision 801 1,069 11,567
Net income 1,658 11,886 34,820
Net loss attributable to noncontrolling interests 177 573 39
Net income attributable to Alico, Inc. common stockholders $ 1,835 $ 12,459 $ 34,859
Earnings per common share:      
Basic (in dollars per share) $ 0.24 $ 1.65 $ 4.64
Diluted (in dollars per share) $ 0.24 $ 1.65 $ 4.64
Weighted-average number of common shares outstanding:      
Basic (in shares) 7,602,000 7,560,000 7,516,000
Diluted (in shares) 7,602,000 7,568,000 7,519,000
Cash dividends declared per common share (in dollars per share) $ 0.20 $ 2.00 $ 1.36
Alico Citrus      
Operating revenues:      
Total operating revenues $ 38,145 $ 89,681 $ 105,796
Operating expenses:      
Total operating expenses 32,959 106,192 83,893
Land Management and Other Operations      
Operating revenues:      
Total operating revenues 1,701 2,266 2,768
Operating expenses:      
Total operating expenses $ 441 $ 520 $ 778