| Address:
|
PO BOX 338
640 SOUTH MAIN STREET |
| City: |
LA BELLE |
|
State: |
FL |
|
Zip Code: |
33935 |
| Telephone: |
813-675-2966 |
|
Description of Business
|
Primary SIC Code:
0100 |
| (As filed with the SEC)
|
|
|
Alico, Inc. (the "Company"), which was formed February 29, 1960 as a spin-off of
the Atlantic Coast Line Railroad Company, is a land management company operating
in Central and Southwest Florida. The Company's primary asset is 135,466 acres
of land located in Collier, Glades, Hendry, Lee and Polk Counties. (See Item 2
for location and acreage by current primary use.) The Company is involved in a
variety of agribusiness pursuits in addition to land leasing and rentals, rock
and sand mining and real estate sales activities.
The Company's land is managed for multiple uses wherever possible. For example,
cattle ranching, forestry and land leased for farming, grazing, recreation and
oil exploration utilize the same acreage in some instances.
The charts below outline the relative contribution of each operation to the
operating revenue, profit and total assets of the Company during the past three
years (all revenues are from external customers within the United States). ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 03/2009 | 0.48 | 0.138 | 50.00 | | 12/2008 | 0.48 | 0.275 | 85.40 | | 09/2008 | 0.76 | 0.275 | 62.41 | | 06/2008 | 0.95 | 0.275 | 36.48 | | 08/2007 | -1.88 | 0.275 | N/E | | 05/2007 | -0.85 | 0.275 | N/E | | 02/2007 | 1.27 | 0.275 | 37.45 | | 11/2006 | 0.59 | 0.275 | 96.59 |
Key Financial Ratios and Statistics |
FYE:
09/30 |
| Profitability |
2008 |
Leverage |
2008 |
| Net Inc/Comm Equity | 0.28 | Total Liab/Total Assets | 0.58 | | Net Inc/Total Assets | 0.02 | Total Liab/Inv Cap | 0.63 | | Net Inc/Inv Cap | 0.02 | Total Liab/Comm Equity | 9.44 | | Pretax Inc/Net Sales | 0.04 | Interest Coverage Ratio | 1.74 | | Net Inc/Net Sales | 0.04 | Curr Debt/Equity | 0.05 | | Cash Flow/Net Sales | 0.12 | LTD/Equity | 1.15 | | SG&A/NetSales | 0.10 | Total Debt/Equity | 1.19 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 6.72 | Quick Ratio | 5.26 | | Inventory Turnover | 3.89 | Current Ratio | 6.77 | | Inventory Day Sales | 0.01 | Net Rec/Curr Assets | 0.13 | | Net Sales/Work Cap | 1.11 | Inv/Curr Assets | 0.22 | | Net Sales/PP&E | 0.93 | | |
Income Statement (Millions) |
| |
3/31/2009
|
12/31/2008
|
9/30/2008
|
6/30/2008
|
|
Total Revenues(Net Sales)
|
33.35
|
20.29
|
3.40
|
40.15
|
|
Cost of Goods Sold
|
32.29
|
18.00
|
6.13
|
33.69
|
|
Selling & Admin Exps
|
2.81
|
3.00
|
1.11
|
3.38
|
|
Operating Income
|
-1.76
|
-0.71
|
-3.84
|
3.08
|
|
Interest Exp
|
1.26
|
2.08
|
1.60
|
1.40
|
|
Pretax Income
|
4.03
|
-0.30
|
-4.95
|
2.85
|
|
Other Income
|
7.05
|
2.49
|
0.49
|
1.17
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
2.06
|
-0.18
|
-4.60
|
4.98
|
|
Assets
|
3/31/2009
|
12/31/2008
|
9/30/2008
|
6/30/2008
|
|
Cash & Short Term Investments
|
29.61
|
79.92
|
78.64
|
82.06
|
|
Receivables - Total
|
13.20
|
18.72
|
16.12
|
24.76
|
|
Inventories - Total
|
20.87
|
27.81
|
27.45
|
20.65
|
|
Total Current Assets
|
64.07
|
127.57
|
123.13
|
129.50
|
|
Net Property, Plant & Equipment
|
125.36
|
125.73
|
125.41
|
124.95
|
|
Total Assets
|
218.11
|
280.87
|
273.93
|
276.46
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
8.33
|
10.56
|
9.80
|
22.95
|
|
Debt in Current Liabilities
|
5.00
|
5.00
|
5.47
|
1.35
|
|
Total Current Liabilities
|
14.72
|
17.96
|
18.20
|
25.93
|
|
Long-Term Debt
|
86.19
|
144.50
|
132.29
|
123.59
|
|
Total Liabilities
|
104.05
|
168.12
|
158.44
|
154.85
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
7.38
|
7.38
|
7.38
|
7.38
|
|
Retained Earnings
|
97.63
|
96.59
|
98.80
|
104.52
|
|
Treasury Stock
|
-0.54
|
-0.60
|
-0.06
|
-0.23
|
|
Total Stockholders' Equity
|
114.05
|
112.75
|
115.49
|
121.61
|
|
Total Liabilities and Stockholders' Equity
|
218.11
|
280.87
|
273.93
|
276.46
|
Cash Flow Summary (Millions) |
|
Categories
|
3/31/2009
|
12/31/2008
|
9/30/2008
|
6/30/2008
|
|
Net Cash Provided by Operating Activities
|
14.61
|
-5.97
|
-12.85
|
9.46
|
|
Net Cash Provided by Investing Activities
|
-6.98
|
20.71
|
8.87
|
3.60
|
|
Net Cash Provided by Financing Activities
|
-63.19
|
9.10
|
15.08
|
-14.24
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 09/2004 | 52.06 | 17.81 | 2.44 | | 09/2005 | 70.94 | 6.09 | 0.83 | | 09/2006 | 77.43 | 6.47 | 0.88 | | 09/2007 | 134.84 | -13.84 | -1.88 | | 09/2008 | 116.38 | 4.71 | 0.76 | | Growth Rates | 22.28 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 03/31/09 | 55 | 2,206 | 29.94 |
|
Report Date :
6/23/2009
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