10-Q Filing

INGLES MARKETS INC CIK: 50493 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0000050493-15-000009`
Period End Date	20150331
Filing Date	20150506
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	imkt-20150328.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 44 Cash Flow Statement 53 Stockholders Equity 14

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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.84M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.68M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Receivables - Net	`ReceivablesNetCurrent`	$60.99M	USD	Point-in-time
Receivables - Net	`ReceivablesNetCurrent`	$64.37M	USD	Point-in-time
Inventories	`InventoryNet`	$337.06M	USD	Point-in-time
Inventories	`InventoryNet`	$329.52M	USD	Point-in-time
Other current Assets	`OtherAssetsCurrent`	$14.79M	USD	Point-in-time
Other current Assets	`OtherAssetsCurrent`	$15.29M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$425.40M	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`	$1.21B	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$24.43M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$24.39M	USD	Point-in-time
Total Assets	`Assets`	$1.66B	USD	Point-in-time
Total Assets	`Assets`	$1.66B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$12.49M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$13.94M	USD	Point-in-time
Accounts payable - trade	`AccountsPayableTradeCurrent`	$167.31M	USD	Point-in-time
Accounts payable - trade	`AccountsPayableTradeCurrent`	$157.56M	USD	Point-in-time
Accrued expenses and current portion of other long-term liabilities	`AccruedLiabilitiesCurrent`	$60.46M	USD	Point-in-time
Accrued expenses and current portion of other long-term liabilities	`AccruedLiabilitiesCurrent`	$70.94M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$250.75M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$231.96M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$70.04M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$73.86M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$914.60M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$924.77M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$32.36M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$28.79M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.27B	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.25B	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`	$392.13M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$369.28M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$382.60M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$423.40M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$405.46M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$410.64M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$1.66B	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`	$1.88B	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$1.89B	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$947.76M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$915.33M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$741.64M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$696.64M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$1.44B	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$1.48B	USD	2 Qtrs
Gross profit	`GrossProfit`	$443.08M	USD	2 Qtrs
Gross profit	`GrossProfit`	$409.63M	USD	2 Qtrs
Gross profit	`GrossProfit`	$206.12M	USD	1 Quarter
Gross profit	`GrossProfit`	$218.69M	USD	1 Quarter
Operating and administrative expenses	`OperatingExpenses`	$185.58M	USD	1 Quarter
Operating and administrative expenses	`OperatingExpenses`	$178.40M	USD	1 Quarter
Operating and administrative expenses	`OperatingExpenses`	$355.83M	USD	2 Qtrs
Operating and administrative expenses	`OperatingExpenses`	$372.56M	USD	2 Qtrs
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$521.22K	USD	1 Quarter
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$639.00K	USD	2 Qtrs
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$208.16K	USD	2 Qtrs
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$83.28K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$54.00M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$33.63M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$71.17M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$27.80M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$737.86K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$563.97K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$1.58M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$1.13M	USD	2 Qtrs
Interest expense	`InterestExpense`	$23.48M	USD	2 Qtrs
Interest expense	`InterestExpense`	$11.58M	USD	1 Quarter
Interest expense	`InterestExpense`	$11.70M	USD	1 Quarter
Interest expense	`InterestExpense`	$23.60M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$16.84M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$48.69M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$32.10M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$22.62M	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`	$8.32M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$19.35M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$19.99M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$29.34M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$10.45M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.30M	USD	1 Quarter

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$19.99M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$29.34M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$10.45M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.30M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$48.11M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$50.90M	USD	2 Qtrs
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$521.22K	USD	1 Quarter
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$639.00K	USD	2 Qtrs
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$208.16K	USD	2 Qtrs
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$83.28K	USD	1 Quarter
Receipt of advance payments on purchase contracts	`ReceiptOfAdvancePaymentsOnPurchasesContracts`	$2.52M	USD	2 Qtrs
Receipt of advance payments on purchase contracts	`ReceiptOfAdvancePaymentsOnPurchasesContracts`	$3.52M	USD	2 Qtrs
Recognition of advance payments on purchase contracts	`RecognitionOfAdvancePaymentsOnPurchasesContracts`	$-1.63M	USD	2 Qtrs
Recognition of advance payments on purchase contracts	`RecognitionOfAdvancePaymentsOnPurchasesContracts`	$-2.30M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$3.83M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-3.27M	USD	2 Qtrs
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$4.99M	USD	2 Qtrs
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$3.01M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$3.73M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$7.53M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$317.71K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-2.06M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-8.10M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-14.89M	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$50.75M	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$58.90M	USD	2 Qtrs
Proceeds from sales of property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$200.80K	USD	2 Qtrs
Proceeds from sales of property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$674.38K	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$44.30M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$51.84M	USD	2 Qtrs
Net Cash Used by Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-43.62M	USD	2 Qtrs
Net Cash Used by Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-51.64M	USD	2 Qtrs
Proceeds from short-term borrowings	`ProceedsFromLinesOfCredit`	$297.45M	USD	2 Qtrs
Proceeds from short-term borrowings	`ProceedsFromLinesOfCredit`	$398.87M	USD	2 Qtrs
Payments on short-term borrowings	`RepaymentsOfLinesOfCredit`	$399.11M	USD	2 Qtrs
Payments on short-term borrowings	`RepaymentsOfLinesOfCredit`	$297.45M	USD	2 Qtrs
Proceeds from other long-term borrowings	`ProceedsFromIssuanceOfOtherLongTermDebt`	$14.00M	USD	2 Qtrs
Principal payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$8.49M	USD	2 Qtrs
Principal payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$15.34M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$6.49M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$7.23M	USD	2 Qtrs
Net Cash Used by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-8.57M	USD	2 Qtrs
Net Cash Used by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-15.21M	USD	2 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-9.46M	USD	2 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$70.55K	USD	2 Qtrs
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$8.61M	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`	$7.39M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$8.68M	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`	$16.84M	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`	$8.68M	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$382.60M	USD	Point-in-time
Balance	`StockholdersEquity`	$423.40M	USD	Point-in-time
Balance	`StockholdersEquity`	$405.46M	USD	Point-in-time
Balance	`StockholdersEquity`	$410.64M	USD	Point-in-time
Net income	`NetIncomeLoss`	$19.99M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$29.34M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$10.45M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.30M	USD	1 Quarter
Cash dividends	`DividendsCommonStockCash`	$6.49M	USD	2 Qtrs
Cash dividends	`DividendsCommonStockCash`	$7.23M	USD	2 Qtrs
Balance	`StockholdersEquity`	$382.60M	USD	Point-in-time
Balance	`StockholdersEquity`	$423.40M	USD	Point-in-time
Balance	`StockholdersEquity`	$405.46M	USD	Point-in-time
Balance	`StockholdersEquity`	$410.64M	USD	Point-in-time

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