ALICO INC
For the period ended Sep 30, 2024. Filed Dec 2, 2024.
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FY2024 · Filed Dec 2, 2024
ALCO$37.71+1.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
(in thousands)
| Year Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Net cash (used in) provided by operating activities: | ||
| Net income | $6,355 | $1,658 |
| Adjustments to reconcile net income to net cash used in operating activities: | ||
| Depreciation, depletion and amortization | 15,010 | 15,487 |
| Debt issue costs expense | 209 | 141 |
| Deferred income tax provision (benefit) | 4,463 | 821 |
| Gain on sale of property and equipment | (81,559) | (11,509) |
| Inventory net realizable value adjustment | 48,099 | 1,616 |
| Loss on disposal of property and equipment | 6,990 | 9,624 |
| Stock-based compensation expense | 719 | 935 |
| Other, net | 59 | (2) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (59) | (388) |
| Inventories | (26,258) | (26,415) |
| Prepaid expenses | 160 | (294) |
| Income tax receivable | (758) | (84) |
| Other assets | (142) | 235 |
| Accounts payable and accrued liabilities | (3,369) | 2,420 |
| Other liabilities | (416) | (499) |
| Net cash used in operating activities | (30,497) | (6,254) |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (17,871) | (16,656) |
| Acquisition of citrus groves | — | (77) |
| Proceeds from sale of property and equipment | 86,444 | 11,359 |
| Proceeds from property and casualty insurance | — | 839 |
| Other, net | (395) | 412 |
| Net cash provided by (used in) investing activities | 68,178 | (4,123) |
| Cash flows from financing activities: | ||
| Repayments on revolving lines of credit | (53,262) | (59,458) |
| Borrowings on revolving lines of credit | 36,934 | 79,252 |
| Principal payments on term loans | (20,491) | (2,098) |
| Capital contribution received from noncontrolling interest | 368 | 441 |
| Dividends paid | (1,524) | (4,933) |
| Net cash (used in) provided by financing activities | (37,975) | 13,204 |
| Net (decrease) increase in cash and cash equivalents and restricted cash | (294) | 2,827 |
| Cash and cash equivalents and restricted cash at beginning of the period | 3,692 | 865 |
| Cash and cash equivalents and restricted cash at end of the period | $3,398 | $3,692 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest, net of amount capitalized | $3,848 | $4,433 |
| Cash paid for income taxes, net of refunds | $890 | $— |
| Supplemental disclosure of non-cash investing and financing activities: | ||
| Dividends declared but unpaid | $381 | $381 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.