ALICO, INC. ALCO Cash Flow

Alico, inc. (ALCO)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10
Net cash provided by operating activities:
Net income
3,566	898	16,277	16,216	7,460	-2,503	500	9,092	-5,530	8,738	-19,109	5,472	5,884	-1,743	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adjustments to reconcile net income to net cash provided by operating activities:
Deferred gain on sale of sugarcane land
-	-	-	-	-	-	200	485	141	141	116	157	-35	300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation, depletion and amortization
3,590	3,609	3,483	3,490	3,493	3,458	3,429	3,405	3,432	3,490	3,697	3,733	3,880	3,916	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income tax (benefit) expense
-827	0	2,813	381	702	-629	-2,604	4,955	8,111	-12,417	-8,385	1,389	4,321	-1,273	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of real estate, property and equipment and assets held for sale
2,838	25	13,029	114	1	22	1,966	6,480	239	1,596	35	-281	1,414	205	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Derivative, Gain (Loss) on Derivative, Net
0	0	0	0	-33	-956	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of long-lived assets
635	88	152	244	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of right-of-use asset
0	87	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash interest expense on deferred gain on sugarcane land
-	-	-	-	-	-	340	333	344	344	353	353	351	356	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation expense
489	301	287	314	-330	553	1,276	481	433	423	423	395	395	440	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-36	0	-	-109	-44	-7	-	15	-256	-44	-	-558	156	547	-	-117	141	140	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-125	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities:
Accounts receivable
2,533	1,139	-5,272	-7,712	7,155	4,298	-6,228	-7,719	4,640	7,589	-7,246	-10,805	10,732	7,177	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventories
-14,785	3,145	10,245	-5,405	-6,347	1,425	13,032	2,716	-6,170	-3,024	13,626	-13,916	-7,487	4,053	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses
243	-477	269	-572	435	-343	1,069	-272	-380	-240	17	1,006	-48	-1,579	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax receivable
-	0	-	-	-	469	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
-70	457	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable and accrued liabilities
4,152	-6,213	1,474	-2,957	6,006	-5,636	3,581	-61	2,765	-3,298	3,931	-4,125	2,122	-4,823	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax payable
-3,237	361	-1,034	5,102	839	-1,691	2,320	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
-328	69	-198	506	-185	55	40	-1,471	-631	-383	503	-2,950	2,379	-1,121	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
17,731	-6,043	7,146	35,618	18,069	-12,001	2,459	16,370	9,438	-9,689	-1,419	49,086	-2,749	-17,437	-3,828	36,828	12,138	-14,781	-	-	-	-	-	-	-	-	-	-	-	-	-1,991	12,026	13,837	-237	9,562	-1,753	9,788	-850
Net cash provided by operating activities:
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40,296	12,499	-16,446	-	10,144	8,714	-4,088	-1,327	7,811	9,881	-2,939	-	-	-	-	-	-	-	-
Cash flows from investing activities:
Acquisition of citrus businesses, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,001	-477	265,063	32,769	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds on sale of sugarcane land
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	97,151	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments to Acquire Property, Plant, and Equipment
6,419	3,541	5,433	5,043	6,066	3,458	4,223	4,691	3,877	3,561	1,903	4,053	5,040	2,357	5,190	196	5,931	2,988	2,214	4,074	3,427	1,808	2,025	2,497	2,219	6,539	2,132	3,819	4,990	7,983	3,726	4,294	3,482	4,419	3,546	1,554	3,490	3,675
Return on investment in Magnolia Fund
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	629	630	589	1,966	1,179	0	0	0	0	3,394	1,242	99	-	-	-	-
Decrease in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-2,500	-	-	-	-	-	-	-	-
Decrease in real estate deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-2,500	-	-	-	-	-	-	-	-
Proceeds from Sale of Property, Plant, and Equipment
2,952	42	14,183	217	0	202	6,298	7,059	19,312	5,300	-2,256	365	2,651	0	-	-	0	-	-	-	-	-	13,545	228	699	1	21,456	131	203	2,591	7,452	10,093	336	214	594	145	290	192
Change in deposits on purchase of citrus trees
-137	194	-	-	-117	632	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deposit on purchase of citrus grove
-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advances on notes receivables, net
83	4	4	6	46	4	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Notes receivable
-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-112	-361	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-3,272	-3,689	9,388	-4,561	-5,903	-3,884	3,761	2,368	15,056	1,739	-1,058	-4,236	-2,233	-1,810	-4,083	-313	-5,790	-2,848	-	-	-	-	-	-	-	-	-	-	-	-	12,475	450	-1,386	-3,861	-2,451	-415	-1,996	-3,231
Purchases of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	54
Purchases of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6
Return on investment in Magnolia
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-295
Proceeds from sales of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2	-1	496	239	-	-	-	-
Collections of mortgages and notes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2	2	-	17	3	10	4	5	22	6	4	12	16	17
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,728	-2,218	-169,359	-	-1,612	-933	-4,570	20,508	-3,671	-4,784	-5,382	-	-	-	-	-	-	-	-
Cash flows from financing activities:
Proceeds from term loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	0	-55	182,555	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments on revolving lines of credit
18,805	0	3,108	44,763	34,412	6,948	4,176	0	10,816	10,608	0	18,688	47,082	5,000	0	8,750	45,132	0	0	37,089	27,633	22,309	2,400	0	0	0	0	4,275	18	1,368	65,558	44,744	22,218	8,778	16,454	2,400	8,250	3,000
Repayment of term loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings on revolving lines of credit
85,519	0	3,108	19,801	37,060	26,577	6,861	0	3,693	17,731	0	-9,674	53,499	21,945	5,000	-21,236	50,132	24,986	0	17,503	27,209	36,319	3,641	-300	300	0	0	4,275	18	1,368	65,558	36,582	11,270	13,909	8,083	2,000	0	5,000
Principal payments on term loans
2,688	7,132	-	-	2,730	2,707	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of term loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	34,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on term loans
-	-	-	-	-	-	2,706	2,706	5,597	1,118	2,682	-19	5,381	2,699	2,681	0	5,381	2,699	2,681	2,700	12,199	290	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from term loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-61	61	2,834	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Contingent consideration paid
-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	3,750	3,750	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contingent consideration paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Treasury stock purchases
0	238	0	0	0	25,576	0	2,009	206	0	-	-	641	-	0	-2,602	3,141	2,602	2,984	517	512	0	0	131	3,342	1,371	17	67	1,399	1,411	10	0	288	0	158	22	845	180
Dividends paid
672	448	490	448	448	447	492	492	494	494	491	1	997	498	496	-5	998	504	496	496	443	442	36	739	1,421	584	884	283	587	294	296	294	293	882	0	0	0	737
Deferred financing costs
0	23	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital lease obligation payments
-	-	-	-	-	-	0	0	0	8	9	571	0	0	-	-	-	-	-	-	-	458	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
63,354	-7,841	-3,221	-28,142	-11,830	-9,101	-513	-4,207	-13,420	5,503	-4,072	-30,448	-602	13,748	1,546	-24,879	-8,270	15,431	-	-	-	-	-	-	-	-	-	-	-	-	-1,123	-9,277	-12,350	3,429	-8,849	-742	-9,416	763
Net increase (decrease) in cash and cash equivalents and restricted cash
77,813	-17,573	13,313	2,915	336	-24,986	5,707	14,531	11,074	-2,447	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,040	501	500	500	500	500	2,400	817	821	821	820	320	320	321	320
Net cash (used in) provided by financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-23,536	-13,236	158,541	-	-3,210	-4,964	-2,455	-1,401	-850	-2,486	-4,105	-	-	-	-	-	-	-	-
Net increase in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	14,402	-5,584	-5,499	-	11,636	-1,922	-2,198	-9,469	14,032	-2,955	-27,264	6,853	5,322	2,817	-11,113	17,780	3,290	2,611	-12,426	9,361	3,199	101	-669	-1,738	-2,910	-1,624	-3,318
Cash paid for interest; net of amount capitalized
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	190	417	211	-	375	491	430	-	-	-	-
Cash paid for interest, net of amount capitalized
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,895	851	2,070	351	854	613	362	218	-	-	-	-	-	-	-	-	330	637	465	493
Cash paid (refunded) for income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13	0	600	4,600	252	0	0	925	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	54	345	823	-	699	2,250	665	-	-	-	-