Alico, inc. (ALCO)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Sep'10
Assets [Abstract]
Current assets:
Cash and cash equivalents

80,407

5,546

18,630

3,519

606

272

25,260

26,553

12,022

948

3,395

9,944

1,041

1,126

6,625

12,990

3,552

3,276

5,474

9,739

2,775

1,788

31,020

24,192

15,410

13,470

24,583

6,803

3,513

902

13,328

3,967

768

667

1,336

3,074

10,926

Short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

264

264

-

262

262

261

260

260

259

258

257

255

254

750

989

985

1,439

Accounts receivable, net

4,385

1,852

713

6,285

13,997

6,842

2,544

8,796

16,515

11,875

4,286

11,844

22,648

11,917

4,740

13,965

24,766

12,074

3,137

15,103

21,206

9,345

8,441

16,465

14,521

7,151

4,266

7,801

9,062

7,778

3,071

4,639

13,514

10,510

2,928

16,018

4,389

Due from sugar processor

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,012

-

-

0

-

-

-

-

-

-

-

-

-

-

Income tax receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

301

-

53

73

1,031

1,327

0

0

-

699

-

-

Inventories

28,503

43,288

40,143

30,706

36,111

42,458

41,033

29,726

27,010

33,180

36,204

39,497

53,069

62,522

58,469

44,126

46,421

61,017

58,273

46,255

58,539

49,971

25,469

16,693

24,853

29,752

29,403

22,766

22,345

25,145

27,290

21,648

17,818

20,831

22,373

18,194

18,601

Assets held for sale

1,366

1,442

1,442

2,086

1,403

1,215

1,391

10,295

706

18,295

20,983

3,223

3,137

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax receivable

-

-

-

-

-

484

-

-

-

-

-

275

1,013

1,013

1,013

1,227

2,088

4,163

2,088

2,074

-

-

0

-

-

-

-

-

-

-

-

-

-

329

-

-

1,072

Deferred tax asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

71

-

-

-

-

-

-

-

-

-

-

277

-

-

-

-

-

Assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,509

2,050

59,513

3,538

-

-

0

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

1,521

1,526

1,049

1,521

946

1,134

833

2,558

2,287

1,985

1,621

2,419

2,629

3,374

1,024

2,693

1,312

1,530

1,791

-

-

-

1,269

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Derivative asset

-

-

-

-

-

3,269

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,601

3,601

-

0

0

0

2,475

9,884

640

-

0

-

-

Other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,504

1,511

2,727

-

700

890

1,072

1,283

1,513

1,388

1,469

1,219

973

278

749

856

792

1,014

Total current assets

116,182

53,654

61,977

44,117

53,063

55,674

71,061

77,928

58,540

66,283

66,489

67,202

83,537

79,952

71,871

75,001

78,139

82,060

70,763

78,675

85,875

66,145

125,712

72,862

59,537

55,608

59,795

39,196

36,640

36,583

51,467

52,390

33,272

33,836

29,181

39,063

37,441

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,500

-

-

-

0

-

-

Restricted cash

3,671

719

5,208

7,006

7,004

7,002

7,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

10,747

-

-

-

-

-

Property, Plant and Equipment, Net

347,816

345,572

345,648

343,604

342,930

340,563

340,403

337,235

348,017

348,509

349,337

376,010

372,512

376,806

379,247

377,967

379,100

380,107

381,099

383,100

383,446

337,597

126,833

123,122

130,867

131,468

131,071

132,248

130,906

128,577

122,834

121,395

131,567

131,119

128,780

-

124,973

Goodwill

2,246

2,246

2,246

2,246

2,246

2,246

2,246

2,246

2,246

2,246

2,246

2,246

2,246

2,246

2,246

2,246

2,246

2,246

2,246

2,246

1,146

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred financing costs, net of accumulated amortization

-

-

-

21

44

87

-

198

138

200

262

325

264

326

389

2,511

2,598

2,788

2,978

-

-

-

1,143

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgages and notes receivable, net of current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

47

52

-

75

-

93

Mortgages and notes receivable, net of current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

69

-

-

-

Investment in Magnolia Fund

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

825

998

1,085

-

2,043

2,572

3,162

5,086

6,098

5,932

5,686

5,607

5,550

8,952

10,281

10,283

10,702

12,699

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,168

2,168

2,168

2,168

7,306

8,672

8,672

8,672

9,116

9,159

Cash surrender value of life insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

705

688

691

-

905

889

893

897

871

858

855

862

835

819

823

824

801

786

Other non-current assets

2,369

2,878

2,309

2,525

2,802

3,182

2,712

1,009

1,001

724

848

1,438

1,400

1,423

1,692

1,756

1,769

1,781

3,002

4,671

6,269

5,931

3,892

2,066

2,146

2,230

1,991

2,071

2,052

2,183

2,145

2,095

2,143

2,095

2,220

2,531

3,666

Property, buildings and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

191,779

-

Less: accumulated depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

64,164

-

Assets

472,284

405,069

417,388

399,519

408,089

408,754

423,422

418,616

409,942

417,962

419,182

447,221

459,959

460,753

455,445

459,481

463,852

468,982

460,088

470,222

478,422

411,449

257,580

200,998

196,011

193,361

198,840

182,652

178,556

176,052

185,083

189,618

185,477

186,895

180,035

189,828

188,817

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable

5,154

1,493

4,163

4,318

7,372

3,002

3,764

3,061

4,449

2,097

3,192

1,502

5,919

3,731

5,975

2,881

6,810

3,520

4,407

3,352

4,966

3,344

2,053

1,385

1,634

2,859

1,729

2,448

5,367

4,410

4,929

3,584

7,055

6,358

2,946

2,771

1,988

Accrued Liabilities, Current

4,943

4,449

7,769

6,097

5,988

4,382

8,881

6,348

4,991

4,551

6,781

4,564

4,238

3,020

6,920

7,122

10,817

8,334

13,813

7,941

8,685

5,094

4,227

3,081

2,784

1,318

2,354

1,245

1,258

1,666

2,488

2,223

1,584

1,406

1,719

1,492

1,025

Dividend payable

-

-

-

-

-

-

-

-

-

-

-

-

-

499

-

498

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt, current portion

5,130

5,130

5,338

5,325

5,313

5,300

5,275

5,250

5,225

4,575

4,550

4,525

4,500

4,475

4,493

4,493

4,511

4,511

4,511

4,511

4,511

9,125

3,196

2,000

2,000

2,000

2,000

2,000

2,000

2,000

3,267

3,267

3,271

3,275

3,279

2,782

1,281

Deferred retirement obligations

5,226

5,226

5,226

-

-

-

345

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

1,539

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable

2,660

5,897

5,536

6,570

1,468

0

2,320

-

-

-

0

-

-

-

-

-

4,027

-

-

0

4,085

3,734

4,572

3,546

2,691

0

1,171

3,260

767

0

484

6,451

2,132

-

0

1,118

-

Line of credit, current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

132

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax liability, current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25

151

151

151

725

-

-

3,135

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

497

442

442

-

441

876

1,749

1,461

583

583

589

883

295

295

294

882

-

738

Accrued ad valorem taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,757

930

154

-

1,207

604

0

1,634

1,089

545

10

1,685

1,184

597

5

1,938

1,305

1,818

Obligations under capital leases, current portion

-

-

-

-

-

-

-

-

-

-

-

8

288

288

-

277

277

277

277

258

258

258

259

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current liabilities

554

797

919

1,043

437

984

891

856

438

1,069

1,460

947

339

681

1,290

727

359

659

975

1,002

751

1,994

3,228

4,138

549

1,080

1,142

1,486

927

770

3,412

2,590

1,009

1,251

1,063

639

1,062

Derivative liabilities

-

-

-

-

-

14,536

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current liabilities

23,667

22,992

28,951

23,353

20,578

28,204

21,476

15,515

15,103

12,292

15,983

13,085

15,284

12,694

18,678

16,023

26,952

17,584

24,134

20,043

24,628

24,145

20,670

15,798

11,138

9,006

11,491

12,111

11,447

9,445

17,148

19,594

15,943

12,589

11,827

10,107

7,912

Long-term debt:
Principal amount, net of current portion

148,499

-

158,111

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal amount, net of current portion

-

151,187

-

160,855

163,599

166,342

169,074

171,805

174,536

180,783

181,926

184,633

187,338

190,045

192,726

195,408

195,589

198,270

200,970

202,069

205,500

173,875

58,444

32,500

33,000

33,500

34,000

34,500

35,000

35,500

36,633

37,450

46,429

58,194

53,879

63,067

72,179

Debt Issuance Costs, Net

1,240

1,286

1,369

1,416

1,465

1,514

1,563

1,613

1,664

1,715

1,767

1,819

1,872

1,927

1,980

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt less current portion and deferred financing costs, net

147,259

-

156,742

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt less current portion and deferred financing costs, net

-

149,901

-

159,439

162,134

164,828

167,511

170,192

172,872

179,068

-

182,814

185,466

188,118

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt less deferred financing costs, net

-

-

-

-

-

-

-

-

-

-

180,159

-

-

-

190,746

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lines of credit

66,714

-

0

0

24,962

22,314

2,685

-

-

7,123

0

0

11,417

21,945

5,000

-

5,000

25,000

0

3,348

21,975

14,275

3,160

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax liabilities, net

31,298

32,125

32,125

29,311

28,930

25,153

25,153

27,757

-

-

27,108

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax liabilities

-

-

-

-

-

-

-

-

22,802

14,691

-

35,493

34,119

29,784

31,056

32,892

25,581

24,087

25,629

23,595

11,966

5,810

8,760

6,520

6,584

6,584

6,584

-

-

-

0

-

-

-

-

-

-

Deferred gain on sale

-

-

-

0

0

0

24,928

24,788

26,829

26,643

26,440

26,203

27,587

27,258

27,204

28,436

28,432

29,112

29,122

29,139

29,140

29,140

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred retirement obligations

-

-

-

3,887

3,938

4,032

4,052

4,053

4,097

4,109

4,123

4,179

4,185

4,192

4,198

4,188

4,170

4,152

4,134

3,895

3,883

3,871

3,856

4,071

4,055

4,037

4,029

3,863

3,828

3,792

3,756

3,761

3,730

3,698

3,667

3,572

3,489

Obligations under capital leases

-

-

-

-

-

-

-

-

-

-

-

9

300

300

300

588

588

588

588

839

839

839

839

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

278

363

172

246

346

-

22

-

-

-

-

-

-

-

-

-

-

-

-

3,867

3,633

3,750

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities

269,216

205,381

217,990

216,236

240,888

244,531

245,827

242,305

241,703

243,926

253,813

261,783

278,358

284,291

277,182

277,535

286,312

298,793

284,577

286,795

301,564

255,705

95,729

58,889

54,777

53,127

56,104

50,474

50,275

48,737

57,537

60,805

66,102

74,481

69,373

76,746

83,580

Commitments and Contingencies (Note 12)

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Stockholders' equity:
Preferred stock, no par value, 1,000,000 shares authorized; none issued

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

-

0

-

-

Common stock, $1.00 par value, 15,000,000 shares authorized; 8,416,145 shares issued and 7,479,671 and 7,476,513 shares outstanding at March 31, 2020 and September 30, 2019, respectively

8,416

8,416

8,416

8,416

8,416

8,416

8,416

8,416

8,416

8,416

8,416

8,416

8,416

8,416

8,416

8,416

8,416

8,416

8,416

8,300

8,300

7,377

7,377

7,377

7,377

7,377

7,377

7,377

7,377

7,377

7,377

7,377

7,377

7,377

7,377

7,377

7,379

Additional paid in capital

20,174

19,857

19,781

19,756

19,733

20,384

20,126

19,168

19,050

18,890

18,694

18,489

18,351

18,210

18,155

18,192

18,257

19,736

19,795

21,360

21,173

3,724

3,742

3,763

3,782

9,719

9,496

9,382

9,147

9,056

9,053

9,089

9,097

9,145

9,212

9,206

9,310

Members' equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

16,414

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Treasury Stock, Value

31,784

31,956

31,943

32,205

32,496

32,817

7,536

7,854

6,208

6,275

6,502

5,863

4,586

4,199

4,585

4,854

5,151

5,755

3,962

1,147

771

427

650

875

1,098

3,965

2,816

2,966

3,132

1,816

543

660

793

682

862

811

172

Retained Earnings (Accumulated Deficit)

201,065

198,169

-

181,989

166,193

162,798

151,111

150,885

142,277

148,285

140,033

159,587

154,604

149,270

151,504

155,414

151,229

142,993

146,455

150,076

143,222

140,301

134,968

131,844

131,173

127,103

128,679

118,385

114,889

112,698

111,659

113,007

103,694

96,574

94,935

97,310

88,720

Total Alico stockholders' equity

197,871

194,486

194,303

177,956

161,846

158,781

172,117

170,615

163,535

169,316

160,641

180,629

176,785

171,697

173,490

177,168

172,751

165,390

170,704

178,589

171,924

150,975

161,851

142,109

141,234

140,234

142,736

132,178

128,281

127,315

127,546

128,813

119,375

112,414

110,662

113,082

105,237

Noncontrolling interest

5,197

5,202

-

5,327

5,355

5,442

5,478

5,696

4,704

4,720

4,728

4,809

4,816

4,765

4,773

4,778

4,789

4,799

4,807

4,838

4,934

4,769

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

203,068

199,688

199,398

183,283

167,201

164,223

177,595

176,311

168,239

174,036

165,369

185,438

181,601

176,462

178,263

181,946

177,540

170,189

175,511

-

-

-

161,851

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities and stockholders' equity

472,284

405,069

417,388

399,519

408,089

408,754

423,422

418,616

409,942

417,962

419,182

447,221

459,959

460,753

455,445

459,481

463,852

468,982

460,088

470,222

478,422

411,449

257,580

200,998

196,011

193,361

198,840

182,652

178,556

176,052

185,083

189,618

185,477

186,895

180,035

189,828

188,817