10-Q Filing

INGLES MARKETS INC CIK: 50493 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0000050493-14-000009`
Period End Date	20140331
Filing Date	20140506
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	imkt-20140329.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 44 Cash Flow Statement 54 Stockholders Equity 14

Balance Sheet 50 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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.68M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.84M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.18M	USD	Point-in-time
Receivables - net	`ReceivablesNetCurrent`	$59.93M	USD	Point-in-time
Receivables - net	`ReceivablesNetCurrent`	$64.92M	USD	Point-in-time
Inventories	`InventoryNet`	$329.69M	USD	Point-in-time
Inventories	`InventoryNet`	$333.42M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$25.11M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$28.08M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$430.85M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$434.54M	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`	$23.65M	USD	Point-in-time
Total Assets	`Assets`	$1.66B	USD	Point-in-time
Total Assets	`Assets`	$1.67B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$18.96M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$13.81M	USD	Point-in-time
Accounts payable - trade	`AccountsPayableTradeCurrent`	$151.85M	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`	$61.97M	USD	Point-in-time
Accrued expenses and current portion of other long-term liabilities	`AccruedLiabilitiesCurrent`	$72.00M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$251.27M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$227.64M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$83.55M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$86.08M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$893.51M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$897.32M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$28.55M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$27.82M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.26B	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.24B	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`	$345.07M	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`	$454.07M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$457.41M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$423.40M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$1.67B	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$1.66B	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$920.69M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$1.89B	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$1.86B	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$947.76M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$722.05M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$1.48B	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$741.64M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$1.45B	USD	2 Qtrs
Gross profit	`GrossProfit`	$206.12M	USD	1 Quarter
Gross profit	`GrossProfit`	$409.63M	USD	2 Qtrs
Gross profit	`GrossProfit`	$198.65M	USD	1 Quarter
Gross profit	`GrossProfit`	$406.85M	USD	2 Qtrs
Operating and administrative expenses	`OperatingExpenses`	$349.82M	USD	2 Qtrs
Operating and administrative expenses	`OperatingExpenses`	$355.83M	USD	2 Qtrs
Operating and administrative expenses	`OperatingExpenses`	$178.40M	USD	1 Quarter
Operating and administrative expenses	`OperatingExpenses`	$174.98M	USD	1 Quarter
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$4.18M	USD	2 Qtrs
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$83.28K	USD	1 Quarter
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$4.05M	USD	1 Quarter
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$208.16K	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$27.80M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$54.00M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$27.72M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$61.20M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$739.70K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$1.30M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$1.58M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$737.86K	USD	1 Quarter
Interest expense	`InterestExpense`	$31.28M	USD	2 Qtrs
Interest expense	`InterestExpense`	$23.48M	USD	2 Qtrs
Interest expense	`InterestExpense`	$11.70M	USD	1 Quarter
Interest expense	`InterestExpense`	$15.72M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$16.84M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$32.10M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$31.23M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.74M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$6.39M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$12.11M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$4.65M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$11.57M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$19.66M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$8.09M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.45M	USD	1 Quarter
Net income	`NetIncomeLoss`	$19.99M	USD	2 Qtrs

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$19.66M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$8.09M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.45M	USD	1 Quarter
Net income	`NetIncomeLoss`	$19.99M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$47.13M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$48.11M	USD	2 Qtrs
Gain on disposals of property and equipment	`GainLossOnDispositionOfAssets`	$4.18M	USD	2 Qtrs
Gain on disposals of property and equipment	`GainLossOnDispositionOfAssets`	$83.28K	USD	1 Quarter
Gain on disposals of property and equipment	`GainLossOnDispositionOfAssets`	$4.05M	USD	1 Quarter
Gain on disposals of property and equipment	`GainLossOnDispositionOfAssets`	$208.16K	USD	2 Qtrs
Receipt of advance payments on purchase contracts	`ReceiptOfAdvancePaymentsOnPurchasesContracts`	$3.02M	USD	2 Qtrs
Receipt of advance payments on purchase contracts	`ReceiptOfAdvancePaymentsOnPurchasesContracts`	$2.52M	USD	2 Qtrs
Recognition of advance payments on purchase contracts	`RecognitionOfAdvancePaymentsOnPurchasesContracts`	$-1.75M	USD	2 Qtrs
Recognition of advance payments on purchase contracts	`RecognitionOfAdvancePaymentsOnPurchasesContracts`	$-1.63M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.28M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-3.27M	USD	2 Qtrs
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$4.99M	USD	2 Qtrs
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$3.18M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$3.73M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$640.03K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.13M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-2.06M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-12.62M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-8.10M	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$45.02M	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$50.75M	USD	2 Qtrs
Proceeds from sales of property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$200.80K	USD	2 Qtrs
Proceeds from sales of property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$7.68M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$51.84M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$47.05M	USD	2 Qtrs
Net Cash Used by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-39.37M	USD	2 Qtrs
Net Cash Used by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-51.64M	USD	2 Qtrs
Proceeds from short-term borrowings	`ProceedsFromLinesOfCredit`	$411.60M	USD	2 Qtrs
Proceeds from short-term borrowings	`ProceedsFromLinesOfCredit`	$297.45M	USD	2 Qtrs
Payments on short-term borrowings	`RepaymentsOfLinesOfCredit`	$297.45M	USD	2 Qtrs
Payments on short-term borrowings	`RepaymentsOfLinesOfCredit`	$389.72M	USD	2 Qtrs
Proceeds from other long-term borrowings	`ProceedsFromIssuanceOfOtherLongTermDebt`	$14.00M	USD	2 Qtrs
Proceeds from other long-term borrowings	`ProceedsFromIssuanceOfOtherLongTermDebt`	$8.00M	USD	2 Qtrs
Principal payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$15.34M	USD	2 Qtrs
Principal payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$5.04M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$7.23M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$23.00M	USD	2 Qtrs
Net Cash (Used) Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.57M	USD	2 Qtrs
Net Cash (Used) Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.84M	USD	2 Qtrs
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-9.46M	USD	2 Qtrs
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.50M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.39M	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`	$16.84M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.18M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$7.39M	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`	$16.84M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$12.18M	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$410.64M	USD	Point-in-time
Balance	`StockholdersEquity`	$454.07M	USD	Point-in-time
Balance	`StockholdersEquity`	$457.41M	USD	Point-in-time
Balance	`StockholdersEquity`	$423.40M	USD	Point-in-time
Net income	`NetIncomeLoss`	$19.66M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$8.09M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.45M	USD	1 Quarter
Net income	`NetIncomeLoss`	$19.99M	USD	2 Qtrs
Cash dividends	`DividendsCommonStockCash`	$23.00M	USD	2 Qtrs
Cash dividends	`DividendsCommonStockCash`	$7.23M	USD	2 Qtrs
Balance	`StockholdersEquity`	$410.64M	USD	Point-in-time
Balance	`StockholdersEquity`	$454.07M	USD	Point-in-time
Balance	`StockholdersEquity`	$457.41M	USD	Point-in-time
Balance	`StockholdersEquity`	$423.40M	USD	Point-in-time

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