10-Q Filing

INGLES MARKETS INC CIK: 50493 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0000050493-14-000005`
Period End Date	20131231
Filing Date	20140204
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	imkt-20131228.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 22 Cash Flow Statement 48 Stockholders Equity 12

Balance Sheet 53 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.05	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.05	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.84M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.63M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.68M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.45M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Receivables - net	`ReceivablesNetCurrent`	$60.51M	USD	Point-in-time
Receivables - net	`ReceivablesNetCurrent`	$59.93M	USD	Point-in-time
Inventories	`InventoryNet`	$329.69M	USD	Point-in-time
Inventories	`InventoryNet`	$335.05M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$22.83M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$28.08M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$434.54M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$423.02M	USD	Point-in-time
Property and Equipment Net	`PropertyPlantAndEquipmentNet`	$1.21B	USD	Point-in-time
Property and Equipment Net	`PropertyPlantAndEquipmentNet`	$1.21B	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$22.66M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$22.94M	USD	Point-in-time
Total Assets	`Assets`	$1.65B	USD	Point-in-time
Total Assets	`Assets`	$1.67B	USD	Point-in-time
Total Assets	`Assets`	$1.67B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$19.21M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$18.96M	USD	Point-in-time
Accounts payable - trade	`AccountsPayableTradeCurrent`	$150.27M	USD	Point-in-time
Accounts payable - trade	`AccountsPayableTradeCurrent`	$160.31M	USD	Point-in-time
Accrued expenses and current portion of other long-term liabilities	`AccruedLiabilitiesCurrent`	$72.00M	USD	Point-in-time
Accrued expenses and current portion of other long-term liabilities	`AccruedLiabilitiesCurrent`	$48.83M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$251.27M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$218.30M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$84.95M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$86.08M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$905.84M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$893.51M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$28.07M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$27.82M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.24B	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.26B	USD	Point-in-time
Preferred stock, $0.05 par value; 10,000,000 shares authorized; no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.05 par value; 10,000,000 shares authorized; no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Paid-in capital in excess of par value	`AdditionalPaidInCapital`	$77.19M	USD	Point-in-time
Paid-in capital in excess of par value	`AdditionalPaidInCapital`	$77.19M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$338.23M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$332.32M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$410.64M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$416.56M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$457.41M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$445.98M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$1.65B	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$1.67B	USD	Point-in-time

Income Statement 22 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$945.12M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$934.98M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$741.62M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$726.77M	USD	1 Quarter
Gross profit	`GrossProfit`	$208.21M	USD	1 Quarter
Gross profit	`GrossProfit`	$203.51M	USD	1 Quarter
Operating and administrative expenses	`OperatingExpenses`	$177.43M	USD	1 Quarter
Operating and administrative expenses	`OperatingExpenses`	$174.85M	USD	1 Quarter
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$121.55K	USD	1 Quarter
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$124.87K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$33.48M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$26.20M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$564.19K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$840.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$15.56M	USD	1 Quarter
Interest expense	`InterestExpense`	$11.78M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$15.26M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$18.49M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$6.92M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$5.72M	USD	1 Quarter
Net income	`NetIncomeLoss`	$11.57M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.53M	USD	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$11.57M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.53M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$23.93M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$23.62M	USD	1 Quarter
Gain on disposals of property and equipment	`GainLossOnDispositionOfAssets`	$121.55K	USD	1 Quarter
Gain on disposals of property and equipment	`GainLossOnDispositionOfAssets`	$124.87K	USD	1 Quarter
Receipt of advance payments on purchase contracts	`ReceiptOfAdvancePaymentsOnPurchasesContracts`	$1.26M	USD	1 Quarter
Receipt of advance payments on purchase contracts	`ReceiptOfAdvancePaymentsOnPurchasesContracts`	$750.00K	USD	1 Quarter
Recognition of advance payments on purchase contracts	`RecognitionOfAdvancePaymentsOnPurchasesContracts`	$-816.01K	USD	1 Quarter
Recognition of advance payments on purchase contracts	`RecognitionOfAdvancePaymentsOnPurchasesContracts`	$-873.39K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.62M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.28M	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-68.99K	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$585.43K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$13.63M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$5.36M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$233.91K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-5.13M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-25.70M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-21.31M	USD	1 Quarter
Net Cash Provided (Used) by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$9.53M	USD	1 Quarter
Net Cash Provided (Used) by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.32M	USD	1 Quarter
Proceeds from sales of property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$171.85K	USD	1 Quarter
Proceeds from sales of property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$130.12K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$28.08M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$30.84M	USD	1 Quarter
Net Cash Used by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-30.71M	USD	1 Quarter
Net Cash Used by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-27.91M	USD	1 Quarter
Proceeds from short-term borrowings	`ProceedsFromLinesOfCredit`	$271.81M	USD	1 Quarter
Proceeds from short-term borrowings	`ProceedsFromLinesOfCredit`	$161.84M	USD	1 Quarter
Payments on short-term borrowings	`RepaymentsOfLinesOfCredit`	$147.41M	USD	1 Quarter
Payments on short-term borrowings	`RepaymentsOfLinesOfCredit`	$227.09M	USD	1 Quarter
Principal payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$1.85M	USD	1 Quarter
Principal payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$2.88M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$3.83M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$3.62M	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$8.97M	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$38.00M	USD	1 Quarter
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-12.22M	USD	1 Quarter
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.77M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$16.84M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.63M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.68M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.45M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$16.84M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$4.63M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$4.68M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$9.45M	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$410.64M	USD	Point-in-time
Balance	`StockholdersEquity`	$416.56M	USD	Point-in-time
Balance	`StockholdersEquity`	$457.41M	USD	Point-in-time
Balance	`StockholdersEquity`	$445.98M	USD	Point-in-time
Net income	`NetIncomeLoss`	$11.57M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.53M	USD	1 Quarter
Cash dividends declared	`DividendsCommonStockCash`	$23.00M	USD	1 Quarter
Cash dividends declared	`DividendsCommonStockCash`	$3.62M	USD	1 Quarter
Balance	`StockholdersEquity`	$410.64M	USD	Point-in-time
Balance	`StockholdersEquity`	$416.56M	USD	Point-in-time
Balance	`StockholdersEquity`	$457.41M	USD	Point-in-time
Balance	`StockholdersEquity`	$445.98M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.