v3.19.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2019
Mar. 31, 2018
Operating revenues:        
Total operating revenues $ 48,521 $ 35,600 $ 63,300 $ 53,133
Operating expenses:        
Total operating expenses 32,207 27,767 43,804 44,718
Gross profit 16,314 7,833 19,496 8,415
General and administrative expenses 4,654 3,073 8,104 6,959
Income from operations 11,660 4,760 11,392 1,456
Other (expense) income:        
Interest expense (1,963) (2,239) (3,880) (4,494)
Gain on sale of real estate, property and equipment and assets held for sale 1 99 23 1,835
Change in fair value of derivatives (33) 0 (989) 0
Other income, net 23 0 10 144
Total other expenses, net (1,972) (2,140) (4,836) (2,515)
Income (loss) before income taxes 9,688 2,620 6,556 (1,059)
Income tax provision (benefit) 2,228 8,150 1,599 (4,267)
Net income (loss) 7,460 (5,530) 4,957 3,208
Net loss attributable to noncontrolling interests 87 16 123 24
Net income (loss) attributable to Alico, Inc. common stockholders $ 7,547 $ (5,514) $ 5,080 $ 3,232
Earnings (loss) per common share:        
Basic (in dollars per share) $ 1.01 $ (0.67) $ 0.68 $ 0.39
Diluted (in dollars per share) $ 1.01 $ (0.67) $ 0.68 $ 0.39
Weighted-average number of common shares outstanding:        
Basic (in shares) 7,463 8,256 7,471 8,251
Diluted (in shares) 7,469 8,256 7,506 8,310
Cash dividends declared per common share (in dollars per share) $ 0.06 $ 0.06 $ 0.12 $ 0.12
Alico Citrus        
Operating revenues:        
Total operating revenues $ 47,823 $ 34,709 $ 61,720 $ 51,788
Operating expenses:        
Total operating expenses 31,582 26,110 42,456 42,405
Gross profit 16,241 8,599 19,264 9,383
Water Resources and Other Operations        
Operating revenues:        
Total operating revenues 698 891 1,580 1,345
Operating expenses:        
Total operating expenses 625 1,657 1,348 2,313
Gross profit $ 73 $ (766) $ 232 $ (968)

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