Alico, inc. (ALCO)
CashFlow / Yearly
Sep'19Sep'18Sep'17Sep'16Sep'15Sep'14Sep'13Sep'12Sep'11Sep'10Sep'09
Net cash provided by operating activities:
Net income

37,450

12,800

-9,496

6,959

-

-

-

-

-

-

-

Net (loss) income

-

-

-

-

13,183

9,495

19,646

18,489

7,097

-623

-3,649

Adjustments to reconcile net income to net cash provided by operating activities:
Deferred gain on sale of sugarcane land

0

967

538

618

13,734

0

-

-

-

-

-

Depreciation, depletion and amortization

13,924

13,756

15,226

15,382

14,732

9,638

9,675

8,429

7,327

7,221

7,544

Loss on breeding herd sales

0

-13

-337

-296

183

555

-

-

-

-

-

Gain on settlement of contingent consideration arrangement

-

-

-

-

-

-

0

-

-

-

-

Deferred income tax (benefit) expense

3,267

-1,955

-3,948

5,277

12,350

6,806

9,062

6,005

563

-259

-1,288

Cash surrender value

11

-27

-15

-20

-27

202

-

-

-

-

-

Deferred retirement benefits

829

-41

-102

65

623

-173

-

89

178

269

-

Allowance for cooperative allocated surplus

-

-

-

-

-

-

-

0

1,685

0

-

Non-cash gains and losses

-

-

-

-

-

-

-

288

60

663

1,358

Magnolia Fund undistributed loss (earnings)

0

8

-202

-103

57

163

-

59

68

549

-

Gain on sale of real estate, property and equipment and assets held for sale

13,166

10,281

1,373

-147

290

6,742

20,894

8,800

0

0

-

Inventory casualty loss

0

0

13,489

0

0

-

-

-

-

-

-

Inventory net realizable value adjustment

808

1,115

1,199

0

0

-

-

-

-

-

-

Loss on disposal of property and equipment

0

-207

0

0

-

-

-

-

-

-

-

Derivative, Gain (Loss) on Derivative, Net

-989

0

0

-

-

-

-

-

-

-

-

Impairment of long-lived assets

396

2,234

9,346

0

541

-

-

-

-

-

-

Loss on extinguishment of debt

-

-

-

-

-

-

0

-

-

-

-

Deferred retirement benefits

-

-

-

-

-

-

-

-

-

-

-458

Impairment of asset held for sale

-

-

-

-

-

0

0

1,918

0

980

5,955

Loss on extinguishment of debt

-

-

-

-

-457

0

-

-

-

-

-

Non-cash interest expense on deferred gain on sugarcane land

0

1,361

1,413

1,406

607

0

-

-

-

-

-

Insurance proceeds received for damage to property and equipment

486

477

0

-

-

-

-

-

-

-

-

Bad debt expense

0

24

312

0

0

-

-

-

-

-

-

Gain on bargain purchase

-

-

-

-

-

-

0

-

-

-

-

Stock-based compensation expense

824

2,613

1,653

924

952

1,835

923

458

415

353

865

Other

-

-

-

-

264

10

-

-

-

-

-

Other

-

-

-

-

-245

0

78

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

-1,531

-1,718

-142

1,707

-5,983

2,676

1,195

143

-1,230

2,627

-3,101

Inventories

-82

6,554

-3,724

196

-8,659

-9,985

2,113

4,917

3,772

-136

-8,714

Prepaid expenses

-211

177

-604

-1,758

-1,347

0

-

-

-

-

-

Income tax receivable

-15

15

-1,013

-1,074

0

-3,401

0

-

-

-

-

Other assets

-288

-23

415

-821

-465

-523

0

-

-

-

-

Accounts payable and accrued liabilities

-1,113

2,987

-2,895

3,720

-522

-8,599

-3,727

2,499

1,772

-1,087

-3,644

Income tax payable

3,216

2,320

0

0

-6,660

0

2,014

-

-

-

113

Other liabilities

178

-2,445

-1,189

-1,518

-2,251

2,086

113

-

-

-

-

Income tax payable/receivable

-

-

-

-

-

-

-

-144

373

4,922

-

Other

-

-

-

-

-

-

-

-99

-7

960

-

Other

-

-

-

-

-

-

-

-

-

-

404

Net cash provided by operating activities

48,832

18,578

27,481

30,357

33,726

25,063

-

23,635

16,747

7,113

16,407

Net cash provided by operating activities:

-

-

-

-

-

-

13,426

-

-

-

-

Cash flows from investing activities:
Acquisition of citrus businesses, net of cash acquired

-

-

-

-

265,587

32,769

0

-

-

-

-

Proceeds on sale of sugarcane land

-

-

-

-

97,151

0

-

-

-

-

-

Payments to Acquire Property, Plant, and Equipment

20,000

16,352

13,353

14,305

11,523

13,280

18,924

15,921

12,265

8,203

6,705

Return on investment in Magnolia Fund

0

25

324

171

675

3,814

1,179

4,735

2,484

0

-

Decrease in restricted cash

-

-

-

-

-

-

-

2,500

0

0

-

Decrease in real estate deposits

-

-

-

-

-

-

-

2,500

0

0

-1,324

Proceeds from Sale of Property, Plant, and Equipment

14,602

37,969

760

799

1,963

14,473

24,381

18,095

1,221

1,171

543

Proceeds from surrender of life insurance policies

-

-

-

297

0

0

-

-

-

5,704

1,207

Net proceeds from sale of real estate

0

1,811

2,184

0

0

5,764

-

-

-

-

-

Insurance proceeds received for damage to property and equipment

486

477

0

-

-

-

-

-

-

-

-

Change in deposits on purchase of citrus trees

108

431

-748

-

-

-

-

-

-

-

-

Deposit on purchase of citrus grove

-

-

-

0

-

-

-

-

-

-

-

Advances on notes receivables, net

60

-575

0

-

-

-

-

-

-

-

-

Notes receivable

-

-

-

0

-

-

-

-

-

-

-

Cash received in common control acquisition

-

-

-

-

-

-

0

-

-

-

-

Other

-

-

-

-4

-

-

-35

-

-

-

-

Net cash used in investing activities

-4,960

22,924

-9,337

-13,034

-177,057

-21,988

-

7,678

-8,093

-6,669

13,772

Purchases of investments

-

-

-

-

-

-

-

0

32

12,149

9,017

Return on investment in Magnolia

-

-

-

-

-

-

-

-

-

-

0

Proceeds from sales of investments

-

-

-

-

-

-

-

732

450

6,723

27,142

Collections of mortgages and notes receivable

-

-

-

-

-

-

-

37

49

85

1,926

Net cash used in investing activities

-

-

-

-

-

-

6,671

-

-

-

-

Cash flows from financing activities:
Borrowings notes payable

-

-

-

-

-

11,000

-

-

-

40,000

3,276

Proceeds from term loans

-

-

-

2,500

184,500

0

0

-

-

-

-

Repayments on revolving lines of credit

89,231

25,600

70,770

53,882

87,031

2,400

5,661

141,298

30,104

89,203

91,000

Borrowings on revolving lines of credit

86,546

28,285

65,770

58,882

81,031

3,641

5,661

127,319

15,083

90,862

37,600

Repayment of term loan

-

-

-

-

34,000

0

0

-

-

-

-

Principal payments on term loans

10,900

12,127

10,743

10,761

17,870

3,208

0

-

-

-

-

Financing costs

-

-

-

-

2,834

0

0

-

-

-

-

Contingent consideration paid

-

-

-

7,500

0

0

-

-

-

-

-

Treasury stock purchases

25,576

2,215

3,064

3,141

4,013

4,844

2,894

298

1,205

628

934

Payment on termination of sugarcane agreement

11,300

0

0

-

-

-

-

-

-

-

-

Loan origination fees

-

-

-

-

-

-

-

-

-

1,202

-

Dividends paid

1,833

1,972

1,987

1,993

1,877

2,780

2,048

1,765

737

1,014

6,095

Capital contribution received from noncontrolling interest

0

1,000

0

0

-

-

-

-

-

-

-

Capital lease obligation payments

0

8

580

-

-

605

-

-

-

-

-

Capital lease obligation principal payments

-

-

-

277

231

0

0

-

-

-

-

Proceeds from share-based exchanges

-

-

-

-

-

-

-

-

-

-

104

Net cash provided by (used in) financing activities

-52,294

-12,637

-21,374

-16,172

117,675

804

-

-19,321

-18,244

-8,312

-65,755

Net increase (decrease) in cash and cash equivalents and restricted cash

-8,422

28,865

-3,230

1,151

-

-

-

-

-

-

-

Principal payments on notes payable

-

-

-

-

-

-

3,900

3,279

1,281

47,127

8,706

Net cash (used in) provided by financing activities

-

-

-

-

-

-

-8,842

-

-

-

-

Net increase in cash and cash equivalents

-

-

-

-

-25,656

3,879

11,255

11,992

-9,590

-7,868

-35,576

Equipment purchased with long-term debt

-

-

-

-

-

0

0

-

-

-

-

Cash paid for interest; net of amount capitalized

6,940

6,721

7,240

-

-

-

-

-

-

-

-

Cash paid for interest, net of amount capitalized

-

-

-

7,530

6,167

2,047

1,048

1,685

1,925

4,641

5,963

Cash income tax refunds, net of income taxes paid

-

-

-

-

0

-

-

-

-

-

-

Cash income tax refunds, net of income taxes paid

-

-

-

-

-

0

-

-

-

-

-

Cash paid (refunded) for income taxes

6,285

25

-911

-878

5,213

1,177

952

5,142

4,495

0

1,216

Escrow deposit in other assets applied to capital expenditures

-

-

-

-

250

0

0

-

-

-

-

Property and equipment purchased with capital leases

-

-

-

-

37

1,400

0

-

-

-

-

Reclassification of breeding herd to property and equipment

-

-

-

-

-

-

-

-

-

557

552

Reclassification of foreclosed mortgage to property and equipment

-

-

-

-

-

-

-

-

-

5,950

-