Alico, inc. (ALCO)
CashFlow / 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'11Mar'11Dec'10
Net cash provided by operating activities:
Net income

36,957

40,851

37,450

21,673

14,549

1,559

12,800

-6,809

-10,429

985

-9,496

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

967

883

555

379

538

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation, depletion and amortization

14,172

14,075

13,924

13,870

13,785

13,724

13,756

14,024

14,352

14,800

15,226

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax (benefit) expense

2,367

3,896

3,267

-2,150

2,424

9,833

-1,955

-7,736

-11,302

-15,092

-3,948

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

16,006

13,169

13,166

2,103

8,469

8,707

10,281

8,350

1,589

2,764

1,373

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Derivative, Gain (Loss) on Derivative, Net

0

-33

-989

-989

-989

-956

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of long-lived assets

1,119

484

396

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of right-of-use asset

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash interest expense on deferred gain on sugarcane land

-

-

-

-

-

-

1,361

1,374

1,394

1,401

1,413

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation expense

1,391

572

824

1,813

1,980

2,743

2,613

1,760

1,674

1,636

1,653

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

0

0

-

0

0

0

-

0

0

0

-

0

426

411

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

-9,312

-4,690

-1,531

-2,487

-2,494

-5,009

-1,718

-2,736

-5,822

270

-142

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventories

-6,800

1,638

-82

2,705

10,826

11,003

6,554

7,148

-9,484

-10,801

-3,724

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses

-537

-345

-211

589

889

74

177

-875

403

735

-604

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax receivable

-

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and accrued liabilities

-3,544

-1,690

-1,113

994

3,890

649

2,987

3,337

-727

-1,370

-2,895

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax payable

1,192

5,268

3,216

6,570

1,468

629

2,320

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

49

192

178

416

-1,561

-2,007

-2,445

-1,982

-3,461

-451

-1,189

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

54,452

54,790

48,832

44,145

24,897

16,266

18,578

14,700

47,416

35,229

27,481

25,072

12,814

27,701

30,357

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

23,635

35,188

21,409

17,360

16,747

0

0

0

Net cash provided by operating activities:

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

13,443

11,110

12,277

13,426

0

0

0

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

265,587

298,356

297,355

297,832

32,769

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds on sale of sugarcane land

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

97,151

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments to Acquire Property, Plant, and Equipment

20,436

20,083

20,000

18,790

18,438

16,249

16,352

14,032

13,394

14,557

13,353

16,640

12,783

13,674

14,305

11,329

15,207

12,703

11,523

11,334

9,757

8,549

13,280

13,387

14,709

17,480

18,924

20,518

20,993

19,485

15,921

15,741

13,001

13,009

12,265

0

0

0

Return on investment in Magnolia Fund

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,814

4,364

3,734

3,145

1,179

0

3,394

4,636

4,735

0

0

0

-

-

-

-

Decrease in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Decrease in real estate deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Proceeds from Sale of Property, Plant, and Equipment

17,394

14,442

14,602

6,717

13,559

32,871

37,969

29,415

22,721

6,060

760

3,016

0

0

-

-

0

-

-

-

-

-

14,473

22,384

22,287

21,791

24,381

10,377

20,339

20,472

18,095

11,237

1,289

1,243

1,221

0

0

0

Change in deposits on purchase of citrus trees

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deposit on purchase of citrus grove

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advances on notes receivables, net

97

60

60

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes receivable

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-2,134

-4,765

-4,960

-10,587

-3,658

17,301

22,924

18,105

11,501

-5,788

-9,337

-12,362

-8,439

-11,996

-13,034

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

7,678

-7,248

-8,113

-8,723

-8,093

0

0

0

Purchases of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Purchases of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Return on investment in Magnolia

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Proceeds from sales of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

732

0

0

0

-

-

-

-

Collections of mortgages and notes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

34

22

41

37

37

44

38

49

0

0

0

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

13,393

11,334

7,483

6,671

0

0

0

-

-

-

-

-

-

-

-

Cash flows from financing activities:
Proceeds from term loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

184,500

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments on revolving lines of credit

66,676

82,283

89,231

90,299

45,536

21,940

25,600

21,424

40,112

76,378

70,770

70,770

60,832

58,882

53,882

53,882

82,221

64,722

87,031

89,431

52,342

24,709

2,400

0

4,275

4,293

5,661

71,219

111,688

133,888

141,298

92,194

49,850

35,882

30,104

0

0

0

Repayment of term loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings on revolving lines of credit

108,428

59,969

86,546

90,299

70,498

37,131

28,285

21,424

11,750

61,556

65,770

70,770

59,208

55,841

58,882

53,882

92,621

69,698

81,031

84,672

66,869

39,960

3,641

0

4,575

4,293

5,661

71,219

103,526

114,778

127,319

69,844

35,262

23,992

15,083

0

0

0

Principal payments on term loans

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of term loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

34,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on term loans

-

-

-

-

-

-

12,127

12,103

9,378

9,162

10,743

10,742

10,761

10,761

10,761

10,761

13,461

20,279

17,870

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from term loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,834

2,834

2,895

2,834

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Contingent consideration paid

-

-

-

-

-

-

-

-

-

-

-

-

0

-

7,500

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent consideration paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Treasury stock purchases

238

238

25,576

25,576

27,585

27,791

2,215

2,856

0

0

-

-

-1,961

-

3,141

6,125

9,244

6,615

4,013

1,029

643

3,473

4,844

4,861

4,797

2,854

2,894

2,887

2,820

1,709

298

446

468

1,025

1,205

0

0

0

Dividends paid

2,058

1,834

1,833

1,835

1,879

1,925

1,972

1,971

1,480

1,983

1,987

1,992

1,986

1,987

1,993

1,993

2,494

1,939

1,877

1,417

1,660

2,638

2,780

3,628

3,172

2,338

2,048

1,460

1,471

1,177

1,765

1,469

1,175

882

737

0

0

0

Deferred financing costs

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital lease obligation payments

-

-

-

-

-

-

8

17

588

588

580

0

0

0

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

24,150

-51,034

-52,294

-49,586

-25,651

-27,241

-12,637

-16,196

-42,437

-29,619

-21,374

-15,756

-10,187

-17,855

-16,172

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-19,321

-27,047

-18,512

-15,578

-18,244

0

0

0

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

76,468

-1,009

-8,422

-16,028

-4,412

6,326

28,865

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,541

2,001

2,000

3,900

4,217

4,538

4,859

3,279

2,782

2,281

1,781

1,281

0

0

0

Net cash (used in) provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-12,030

-9,670

-7,192

-8,842

0

0

0

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

0

-5,812

-2,150

-

-1,953

443

-590

-25,656

-9,334

-18,044

-12,272

3,879

14,806

12,774

12,568

11,255

2,836

2,745

235

11,992

893

-5,216

-6,941

-9,590

0

0

0

Cash paid for interest; net of amount capitalized

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

Cash paid for interest, net of amount capitalized

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,167

4,126

3,888

2,180

2,047

0

0

0

-

-

-

-

-

-

-

-

1,925

0

0

0

Cash paid (refunded) for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,213

5,452

5,452

4,852

1,177

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-