v3.20.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
Operating revenues:        
Total operating revenues $ 50,515 $ 48,521 $ 61,520 $ 63,300
Operating expenses:        
Total operating expenses 43,898 32,207 49,289 43,804
Gross profit 6,617 16,314 12,231 19,496
General and administrative expenses 2,953 4,654 5,713 8,104
Income from operations 3,664 11,660 6,518 11,392
Other income (expense), net:        
Interest expense (1,452) (1,963) (2,996) (3,880)
Gain on sale of real estate, property and equipment and assets held for sale 2,838 1 2,863 23
Change in fair value of derivatives 0 (33) 0 (989)
Other income (expense) 12 23 (64) 10
Total other income (expense), net 1,398 (1,972) (197) (4,836)
Income before income taxes 5,062 9,688 6,321 6,556
Income tax provision 1,496 2,228 1,857 1,599
Net income 3,566 7,460 4,464 4,957
Net loss (income) attributable to noncontrolling interests 5 87 (102) 123
Net income attributable to Alico, Inc. common stockholders $ 3,571 $ 7,547 $ 4,362 $ 5,080
Earnings per common share:        
Basic (in dollars per share) $ 0.48 $ 1.01 $ 0.58 $ 0.68
Diluted (in dollars per share) $ 0.48 $ 1.01 $ 0.58 $ 0.68
Weighted-average number of common shares outstanding:        
Basic (in shares) 7,480 7,463 7,478 7,471
Diluted (in shares) 7,496 7,469 7,494 7,506
Cash dividends declared per common share (in dollars per share) $ 0.09 $ 0.06 $ 0.18 $ 0.12
Alico Citrus        
Operating revenues:        
Total operating revenues $ 49,801 $ 47,823 $ 59,976 $ 61,720
Operating expenses:        
Total operating expenses 43,518 31,582 48,358 42,456
Gross profit 6,283 16,241 11,618 19,264
Water Resources and Other Operations        
Operating revenues:        
Total operating revenues 714 698 1,544 1,580
Operating expenses:        
Total operating expenses 380 625 931 1,348
Gross profit $ 334 $ 73 $ 613 $ 232

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