v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Operating revenues:        
Total operating revenues $ 49,641 $ 55,944 $ 64,978 $ 69,676
Operating expenses:        
Total operating expenses 45,642 45,718 59,168 54,053
Gross profit 3,999 10,226 5,810 15,623
General and administrative expenses 2,538 2,653 5,122 5,181
Income from operations 1,461 7,573 688 10,442
Other income (expense), net:        
Interest expense (870) (1,089) (1,771) (2,278)
Gain (loss) on sale of real estate, property and equipment and assets held for sale 26,604 (17) 35,049 3,347
Other income 1 2 10 12
Total other income (expense), net 25,735 (1,104) 33,288 1,081
Income before income taxes 27,196 6,469 33,976 11,523
Income tax provision 6,579 1,579 3,279 2,829
Net income 20,617 4,890 30,697 8,694
Net loss (income) attributable to noncontrolling interests 85 (23) 136 18
Net income attributable to Alico, Inc. common stockholders $ 20,702 $ 4,867 $ 30,833 $ 8,712
Earnings per common share:        
Basic (in dollars per share) $ 2.74 $ 0.65 $ 4.09 $ 1.16
Diluted (in dollars per share) $ 2.74 $ 0.65 $ 4.08 $ 1.16
Weighted-average number of common shares outstanding:        
Basic 7,552 7,513 7,543 7,508
Diluted (in shares) 7,556 7,513 7,548 7,508
Cash dividends declared per common share $ 0.50 $ 0.18 $ 1.00 $ 0.36
Alico Citrus        
Operating revenues:        
Total operating revenues $ 49,032 $ 55,268 $ 63,780 $ 68,194
Operating expenses:        
Total operating expenses 45,490 45,518 58,876 53,665
Water Resources and Other Operations        
Operating revenues:        
Total operating revenues 609 676 1,198 1,482
Operating expenses:        
Total operating expenses $ 152 $ 200 $ 292 $ 388

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