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ALICO - Fundamentalanalyse - Jahresbericht / Bilanz / Geschäftsbericht

ALICO INC. (ISIN: US0162301040, WKN: 854721) Kursdatum: 21.07.2017 Kurs: 32,300 USD
Beschreibung Daten
Symbol ALCO
Marktkapitalisierung 268.445.312,00 USD
Land Vereinigte Staaten von Amerika
Indizes NASDAQ Comp.
Sektor Konsumgüter
Rohdaten nach US GAAP in Millionen USD
Aktiensplits
Internet
Letztes Bilanz Update 06.12.2016

Fundamentaldaten

Fundamental Verhältnisse errechnet am: 21.07.2017
KFCV KCV DIV Rendite GKR EKQ KGV KUV KBV
16,72 8,84 0,74% 1,52 37,83 38,45 1,86 1,55

Firmenbeschreibung

Selected Quarterly Financial Data (unaudited)Summarized quarterly financial data for the fiscal years ended September 30, 2016, and 2015 are computed independently each quarter, therefore, the sum of the quarter amounts may not equal the total amount for the respective year due to rounding as follows:(in thousands, except per share amounts)Fiscal Quarter Ended December 31, March 31, June 30, September 30, 20152014 20162015 20162015 20162015            Total operating revenue$20,604$19,070 $71,889$60,012 $46,853$71,670 $4,850$2,374Total operating expenses19,23815,798 52,37448,336 33,17050,643 4,3552,350            Gross profit1,3663,272 19,51511,676 13,68321,027 49524            General and administrative3,9255,484 2,8493,499 2,7472,949 3,6924,562Other (expense) income, net(2,535)11,181 (1,840)(2,824) (2,874)(2,258) (2,117)(1,516)            Income (loss) before income taxes(5,094)8,969 14,8265,353 8,06215,820 (5,314)(6,054)Income tax expense (benefit)(2,075)3,763 6,1021,127 3,3926,644 (1,898)(629)            Net income (loss)$(3,019)$5,206 $8,724$4,226 $

Firmenstrategie

Principles of ConsolidationThe Financial Statements include the accounts of Alico, Inc. and the accounts of all the subsidiaries in which a controlling interest is held by the Company. The Financial Statements represent the Consolidated and Combined Balance Sheets, Statements of Operations and Comprehensive Income and Statements of Cash Flows of Alico, Inc. and its subsidiaries. Under U.S. GAAP, consolidation is generally required for investments of more than 50% of the outstanding voting stock of an investee, except when control is not held by the majority owner. The Company’s subsidiaries include: Alico Land Development, Inc., Alico-Agri, Ltd., Alico Plant World, LLC, Alico Fruit Company, LLC, Alico Citrus Nursery, LLC, Alico Chemical Sales, LLC, 734 Citrus Holdings LLC and subsidiaries, Alico Fresh Fruit LLC, Alico Skink Mitigation, LLC and Citree Holdings 1, LLC. The Company considers the criteria established under FASB ASC Topic 810, “Consolidations” in its consolidation process. All significant intercompany balances and transactions have been eliminated in consolidation.Noncontrolling Interest in Consolidated Affiliate The Financial Statements include all assets and liabilities of the less-than-100%-owned affiliate the Company controls, Citree Holdings I, LLC (“Citree”). Accordingly, the Company has recorded a noncontrolling interest in the equity of such entity.

RevenueRecognitionPolicyTextBlock

Seasonality

 

The Company is primarily engaged in the production of fruit for sale to citrus markets, which is of a seasonal nature, and subject to the influence of natural phenomena and wide price fluctuations. Historically, the second and third quarters of our fiscal year generally produce the majority of our annual revenue, and working capital requirements are typically greater in the first and fourth quarters of the fiscal year. The results of the reported periods herein are not necessarily indicative of the results for any other interim periods or the entire fiscal year.

Revenue Recognition

 

Revenues from agricultural crops are recognized at the time the crop is harvested and delivered to the customer. Receivables from crops sold are recorded for the estimated proceeds to be received from the customer on a quarterly basis, management reviews the reasonableness of the revenues accrued based on buyers’ and processors’ advances to growers, cash and futures markets and experience in the industry. Adjustments are made throughout the year to these estimates as more current relevant information regarding the specific markets becomes available. Differences between the estimates and the final realization of revenues can be significant and can be either an increase or decrease to reported revenues. During the periods presented in this report, no material adjustments were made to the reported revenues of the Company’s crops.


Alico recognizes revenues from cattle sales at the time the cattle are delivered.


Alico Fruit Company, LLC ("AFC") operations primarily consist of providing supply chain management services to Alico, as well as to other citrus growers and processors in the state of Florida. AFC also purchases and resells citrus fruit; in these transactions, AFC (i) acts as a principal; (ii) takes title to the products; and (iii) has the risks and rewards of ownership, including the risk of loss for collection, delivery or returns. Therefore, AFC recognizes revenues based on the gross amounts due from customers for its marketing activities. Supply chain management services revenues are recognized when the services are performed.


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Segment Information


Segments


Operating segments are defined in FASB ASC Topic 280, "Segment Reporting" as components of public entities that engage in business activities from which they may earn revenues and incur expenses for which separate financial information is available, and which are evaluated regularly by the Company’s CODM in deciding how to assess performance and allocate resources. For the fiscal year ended September 30, 2015, the Company’s CODM assessed performance and allocated resources based on five operating segments: Citrus Groves, Improved Farmland, Ranch and Conservation, Agricultural Supply Chain Management and Other Operations. The former Citrus Groves and Agricultural Supply Chain Management segments have been combined into the Orange Co. segment and, as a result of the disposition of its sugarcane land in fiscal year 2015, the Company is no longer involved in sugarcane, and the Improved Farmland segment is no longer material to our business and has been combined into the Other Operations segment. Effective October 1, 2015, the Company manages its land based upon its primary usage, and reviews its performance based upon two primary classifications: Orange Co. and Conservation and Environmental Resources.  In addition, Other Operations include leasing mines and oil extraction rights to third parties, as well as leasing improved farmland to third parties.  


Total revenues represent sales to unaffiliated customers, as reported in the Consolidated and Combined Statements of Operations and Comprehensive Income. Intersegment sales and transfers are accounted for by the Company as if the sales or transfers were to third parties at current market prices. Goods and services produced by these segments are sold to wholesalers and processors in the United States who prepare the products for consumption. The Company evaluates the segments’ performance based on direct margins (gross profit) from operations before general and administrative expenses, interest expense, other income (expense) and income taxes, not including nonrecurring gains and losses. All intercompany transactions between the segments have been eliminated.

Information by operating segment is as follows:

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Earnings per Share

 

Basic earnings per share for our common stock is calculated by dividing net income attributable to Alico common stockholders by the weighted average number of shares of common stock outstanding for the period. Diluted earnings per common share is similarly calculated, except that the calculation includes the dilutive effect of the assumed issuance of shares of common stock issuable under equity-based compensation plans in accordance with the treasury stock method, or any other type of securities convertible into common stock, except where the inclusion of such common shares would have an anti-dilutive effect.

(in thousands)
Fiscal Year Ended September 30,
 
2016
 
2015
 
2014
Revenues:
 
 
 
 
 
Orange Co.
$
137,282

 
$
146,147

 
$
74,768

Conservation and Environmental Resources
5,669

 
5,394

 
8,172

Other Operations
1,245

 
1,585

 
21,063

Total revenues
144,196

 
153,126

 
104,003

 
 
 
 
 
 
Operating expenses:
 
 
 
 
 
Orange Co.
102,347

 
110,236

 
54,956

Conservation and Environmental Resources
6,393

 
4,808

 
6,123

Other Operations
397

 
2,083

 
21,730

Total operating expenses
109,137

 
117,127

 
82,809

 
 
 
 
 
 
Gross profit:
 
 
 
 
 
Orange Co.
34,935

 
35,911

 
19,812

Conservation and Environmental Resources
(724
)
 
586

 
2,049

Other Operations
848

 
(498
)
 
(667
)
Total gross profit
$
35,059

 
$
35,999

 
$
21,194

 
 
 
 
 
 
Capital expenditures:
 
 
 
 
 
Orange Co.
$
10,393

 
$
9,403

 
$
7,849

Conservation and Environmental Resources
1,664

 
1,461

 
5,109

Other Operations
629

 
162

 
37

Other Capital Expenditures
1,619

 
497

 
285

Total capital expenditures
14,305

 
11,523

 
13,280

 
 
 
 
 
 
Depreciation, depletion and amortization:
 
 
 
 
 
Orange Co.
$
13,982

 
$
12,297

 
$
4,201

Conservation and Environmental Resources