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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Operating revenues:        
Total operating revenues $ 55,944,000 $ 50,515,000 $ 69,676,000 $ 61,520,000
Operating expenses:        
Total operating expenses 45,718,000 43,898,000 54,053,000 49,289,000
Gross profit 10,226,000 6,617,000 15,623,000 12,231,000
General and administrative expenses 2,653,000 2,953,000 5,181,000 5,713,000
Income from operations 7,573,000 3,664,000 10,442,000 6,518,000
Other (expense) income, net:        
Interest expense (1,089,000) (1,452,000) (2,278,000) (2,996,000)
(Loss) gain on sale of real estate, property and equipment and assets held for sale (17,000) 2,838,000 3,347,000 2,863,000
Other income (expense) 2,000 12,000 12,000 (64,000)
Total other (expense) income, net (1,104,000) 1,398,000 1,081,000 (197,000)
Income before income taxes 6,469,000 5,062,000 11,523,000 6,321,000
Income tax provision 1,579,000 1,496,000 2,829,000 1,857,000
Net income 4,890,000 3,566,000 8,694,000 4,464,000
Net (income) loss attributable to noncontrolling interests 23,000 (5,000) (18,000) 102,000
Net income attributable to Alico, Inc. common stockholders $ 4,867,000 $ 3,571,000 $ 8,712,000 $ 4,362,000
Earnings per common share:        
Basic (in dollars per share) $ 0.65 $ 0.48 $ 1.16 $ 0.58
Diluted (in dollars per share) $ 0.65 $ 0.48 $ 1.16 $ 0.58
Weighted-average number of common shares outstanding:        
Basic 7,513 7,480 7,508 7,478
Diluted (in shares) 7,513 7,496 7,508 7,494
Cash dividends declared per common share $ 0.18 $ 0.09 $ 0.36 $ 0.18
Alico Citrus        
Operating revenues:        
Total operating revenues $ 55,268,000 $ 49,801,000 $ 68,194,000 $ 59,976,000
Operating expenses:        
Total operating expenses 45,518,000 43,518,000 53,665,000 48,358,000
Water Resources and Other Operations        
Operating revenues:        
Total operating revenues 676,000 714,000 1,482,000 1,544,000
Operating expenses:        
Total operating expenses $ 200,000 $ 380,000 $ 388,000 $ 931,000

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