Alico, Inc. (ALCO) Financial Statements (2024 and earlier)

Company Profile

Business Address 10070 DANIELS INTERSTATE COURT STE. 100
FT. MYERS,, FL 33913
State of Incorp. FL
Fiscal Year End September 30
Industry (SIC) 01 - Agricultural Production Crops (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
12/31/2022
MRQ
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2698658863,16318,63025,260
Cash and cash equivalents2698658863,16318,63025,260
Receivables6,5681,4409,3385,1287132,544
Inventory, net of allowances, customer advances and progress billings28,99827,68243,37740,85540,14341,033
Inventory28,99827,68243,37740,85540,14341,033
Asset, held-for-sale, not part of disposal group1742051601,3661,4421,391
Other undisclosed current assets1,5461,4241,1521,3871,0492,012
Total current assets:37,55531,61654,91351,89961,97772,240
Noncurrent Assets
Operating lease, right-of-use asset    774 
Property, plant and equipment370,095372,479373,231350,061345,648340,403
Intangible assets, net (including goodwill)2,2462,2462,2462,2462,2462,246
Goodwill2,2462,2462,2462,2462,2462,246
Restricted cash and investments      
Other noncurrent assets3,0942,9142,8273,2072,3091,397
Other undisclosed noncurrent assets    15,7505,2087,136
Total noncurrent assets:375,435377,639378,304372,038355,411351,182
TOTAL ASSETS:412,990409,255433,217423,937417,388423,422
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,25718,69817,14610,62817,46815,310
Interest and dividends payable4,557    
Taxes payable  5,5362,320
Employee-related liabilities1,713    
Accounts payable2,9513,3667,2743,5334,1633,764
Accrued liabilities3,3069,0629,8727,0957,7699,226
Debt3,0353,0354,2859,1455,3385,275
Other liabilities9331,0628751,385919913
Other undisclosed current liabilities  (6,270)  5,226 
Total current liabilities:10,22516,52522,30621,15828,95121,498
Noncurrent Liabilities
Long-term debt and lease obligation121,231107,841121,023140,897158,111169,074
Long-term debt, excluding current maturities121,231107,841121,023140,897158,111169,074
Liabilities, other than long-term debt35,93036,02442,28340,10032,29728,980
Deferred gain on sale of property      24,928
Deferred income tax liabilities35,58935,58941,97739,72832,125
Liability, pension and other postretirement and postemployment benefits      4,052
Other liabilities341435306372172 
Operating lease, liability     
Other undisclosed noncurrent liabilities    (1,369)26,275
Total noncurrent liabilities:157,161143,865163,306180,997189,039224,329
Total liabilities:167,386160,390185,612202,155217,990245,827
Equity
Equity, attributable to parent240,517243,742242,203216,341194,303172,117
Common stock8,4168,4168,4168,4168,4168,416
Treasury stock, value(27,802)(27,948)(29,853)(30,779)(31,943)(7,536)
Additional paid in capital19,94319,78419,98919,68519,78120,126
Retained earnings239,960243,490243,651219,019198,049151,111
Equity, attributable to noncontrolling interest5,0875,1235,4025,4415,0955,478
Total equity:245,604248,865247,605221,782199,398177,595
TOTAL LIABILITIES AND EQUITY:412,990409,255433,217423,937417,388423,422

Income Statement (P&L) ($ in thousands)

9/30/2023
12/31/2022
TTM
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Revenues87,19891,947108,56492,507122,25181,281
Cost of revenue (107,575)(106,712)(84,671)(74,588)(61,891)(55,688)
Other undisclosed gross profit      
Gross profit:(20,377)(14,765)23,89317,91960,36025,593
Operating expenses(10,004)(10,079)(9,453)(10,998)(15,146)(15,058)
Operating income (loss):(30,381)(24,844)14,4406,92145,21410,535
Nonoperating income32,28737,79931,94724,4565,0192,655
Interest and debt expense(1,801)(255)(179)(5,981)(7,180)(8,561)
Income from continuing operations before equity method investments, income taxes:10512,70046,20825,39643,0534,629
Other undisclosed income from continuing operations before income taxes1,8012551795,9817,1808,561
Income from continuing operations before income taxes:1,90612,95546,38731,37750,23313,190
Income tax expense(3,286)(1,069)(11,567)(7,663)(12,783)(390)
Income (loss) from continuing operations:(1,380)11,88634,82023,71437,45012,800
Income before gain (loss) on sale of properties:1,80611,88634,82023,71437,45012,800
Net income (loss):(1,380)11,88634,82023,71437,45012,800
Net income (loss) attributable to noncontrolling interest55857339(52)383250
Net income (loss) available to common stockholders, diluted:(822)12,45934,85923,66237,83313,050

Comprehensive Income ($ in thousands)

9/30/2023
12/31/2022
TTM
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Net income (loss):(1,380)11,88634,82023,71437,45012,800
Comprehensive income (loss):(1,380)11,88634,82023,71437,45012,800
Comprehensive income (loss), net of tax, attributable to noncontrolling interest55857339(52)383250
Comprehensive income (loss), net of tax, attributable to parent:(822)12,45934,85923,66237,83313,050

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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