10-Q Filing

INGLES MARKETS INC CIK: 50493 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0000050493-15-000003`
Period End Date	20141231
Filing Date	20150205
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	imkt-20141227.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 22 Cash Flow Statement 48 Stockholders Equity 12

Balance Sheet 52 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`	$8.61M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.26M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.84M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.63M	USD	Point-in-time
Receivables - Net	`ReceivablesNetCurrent`	$60.99M	USD	Point-in-time
Receivables - Net	`ReceivablesNetCurrent`	$72.11M	USD	Point-in-time
Inventories	`InventoryNet`	$338.32M	USD	Point-in-time
Inventories	`InventoryNet`	$329.52M	USD	Point-in-time
Other	`OtherAssetsCurrent`	$14.79M	USD	Point-in-time
Other	`OtherAssetsCurrent`	$16.21M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$432.90M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$413.92M	USD	Point-in-time
Property and Equipment - Net	`PropertyPlantAndEquipmentNet`	$1.22B	USD	Point-in-time
Property and Equipment - Net	`PropertyPlantAndEquipmentNet`	$1.22B	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$24.47M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$24.43M	USD	Point-in-time
Total Assets	`Assets`	$1.66B	USD	Point-in-time
Total Assets	`Assets`	$1.68B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$12.49M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$13.90M	USD	Point-in-time
Accounts payable - trade	`AccountsPayableTradeCurrent`	$152.47M	USD	Point-in-time
Accounts payable - trade	`AccountsPayableTradeCurrent`	$167.31M	USD	Point-in-time
Accrued expenses and current portion of other long-term liabilities	`AccruedLiabilitiesCurrent`	$70.94M	USD	Point-in-time
Accrued expenses and current portion of other long-term liabilities	`AccruedLiabilitiesCurrent`	$53.75M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$220.11M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$250.75M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$75.04M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$70.04M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$956.48M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$924.77M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$28.79M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$29.55M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.27B	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.28B	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`	$12.31M	USD	Point-in-time
Paid-in capital in excess of par value	`AdditionalPaidInCapital`	$12.31M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$381.07M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$369.28M	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`	$382.60M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$394.40M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$1.66B	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$1.68B	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`	$964.50M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$741.62M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$740.10M	USD	1 Quarter
Gross profit	`GrossProfit`	$203.51M	USD	1 Quarter
Gross profit	`GrossProfit`	$224.39M	USD	1 Quarter
Operating and administrative expenses	`OperatingExpenses`	$186.98M	USD	1 Quarter
Operating and administrative expenses	`OperatingExpenses`	$177.43M	USD	1 Quarter
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$124.87K	USD	1 Quarter
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$117.78K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$26.20M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$37.53M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$562.76K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$840.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$11.78M	USD	1 Quarter
Interest expense	`InterestExpense`	$12.02M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$26.07M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$15.26M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$5.72M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$11.03M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.53M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.04M	USD	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$9.53M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.04M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$23.93M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$25.30M	USD	1 Quarter
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$124.87K	USD	1 Quarter
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$117.78K	USD	1 Quarter
Receipt of advance payments on purchase contracts	`ReceiptOfAdvancePaymentsOnPurchasesContracts`	$750.00K	USD	1 Quarter
Receipt of advance payments on purchase contracts	`ReceiptOfAdvancePaymentsOnPurchasesContracts`	$1.10M	USD	1 Quarter
Recognition of advance payments on purchase contracts	`RecognitionOfAdvancePaymentsOnPurchasesContracts`	$-816.01K	USD	1 Quarter
Recognition of advance payments on purchase contracts	`RecognitionOfAdvancePaymentsOnPurchasesContracts`	$-962.07K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$5.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.62M	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$585.43K	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$10.75M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$5.36M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$8.80M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$997.52K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-5.13M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-29.63M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-21.31M	USD	1 Quarter
Net Cash (Used) Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-4.83M	USD	1 Quarter
Net Cash (Used) Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$9.53M	USD	1 Quarter
Proceeds from sales of property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$168.02K	USD	1 Quarter
Proceeds from sales of property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$130.12K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$30.84M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$27.57M	USD	1 Quarter
Net Cash Used by Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-30.71M	USD	1 Quarter
Net Cash Used by Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-27.41M	USD	1 Quarter
Proceeds from short-term borrowings	`ProceedsFromLinesOfCredit`	$233.85M	USD	1 Quarter
Proceeds from short-term borrowings	`ProceedsFromLinesOfCredit`	$161.84M	USD	1 Quarter
Payments on short-term borrowings	`RepaymentsOfLinesOfCredit`	$198.76M	USD	1 Quarter
Payments on short-term borrowings	`RepaymentsOfLinesOfCredit`	$147.41M	USD	1 Quarter
Principal payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$1.97M	USD	1 Quarter
Principal payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$1.85M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$3.62M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$3.24M	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$8.97M	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$29.88M	USD	1 Quarter
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-12.22M	USD	1 Quarter
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.36M	USD	1 Quarter
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$8.61M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$6.26M	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`	$4.63M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$8.61M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$6.26M	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

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`	$382.60M	USD	Point-in-time
Balance	`StockholdersEquity`	$394.40M	USD	Point-in-time
Net income	`NetIncomeLoss`	$9.53M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.04M	USD	1 Quarter
Cash dividends	`DividendsCommonStockCash`	$3.24M	USD	1 Quarter
Cash dividends	`DividendsCommonStockCash`	$3.62M	USD	1 Quarter
Balance	`StockholdersEquity`	$410.64M	USD	Point-in-time
Balance	`StockholdersEquity`	$416.56M	USD	Point-in-time
Balance	`StockholdersEquity`	$382.60M	USD	Point-in-time
Balance	`StockholdersEquity`	$394.40M	USD	Point-in-time

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