10-Q Filing

INGLES MARKETS INC CIK: 50493 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0000050493-15-000018`
Period End Date	20150630
Filing Date	20150804
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	imkt-20150627.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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.64M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.03M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.84M	USD	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
Receivables - Net	`ReceivablesNetCurrent`	$60.99M	USD	Point-in-time
Receivables - Net	`ReceivablesNetCurrent`	$68.36M	USD	Point-in-time
Inventories	`InventoryNet`	$329.52M	USD	Point-in-time
Inventories	`InventoryNet`	$334.92M	USD	Point-in-time
Other current Assets	`OtherAssetsCurrent`	$17.91M	USD	Point-in-time
Other current Assets	`OtherAssetsCurrent`	$14.79M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$429.83M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$413.92M	USD	Point-in-time
Property and Equipment - Net	`PropertyPlantAndEquipmentNet`	$1.21B	USD	Point-in-time
Property and Equipment - Net	`PropertyPlantAndEquipmentNet`	$1.22B	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$24.43M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$28.21M	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`	$13.98M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$12.49M	USD	Point-in-time
Accounts payable - trade	`AccountsPayableTradeCurrent`	$167.31M	USD	Point-in-time
Accounts payable - trade	`AccountsPayableTradeCurrent`	$163.99M	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`	$59.42M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$237.39M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$250.75M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$70.04M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$73.22M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$904.19M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$924.77M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$34.90M	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`	$369.28M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$402.66M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$415.99M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$410.64M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$382.60M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$433.61M	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`	$978.26M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$2.87B	USD	3 Qtrs
Net sales	`SalesRevenueGoodsNet`	$2.83B	USD	3 Qtrs
Net sales	`SalesRevenueGoodsNet`	$945.97M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$763.11M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$723.81M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$2.16B	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$2.25B	USD	3 Qtrs
Gross profit	`GrossProfit`	$215.15M	USD	1 Quarter
Gross profit	`GrossProfit`	$624.78M	USD	3 Qtrs
Gross profit	`GrossProfit`	$222.16M	USD	1 Quarter
Gross profit	`GrossProfit`	$665.25M	USD	3 Qtrs
Operating and administrative expenses	`OperatingExpenses`	$563.29M	USD	3 Qtrs
Operating and administrative expenses	`OperatingExpenses`	$538.55M	USD	3 Qtrs
Operating and administrative expenses	`OperatingExpenses`	$190.73M	USD	1 Quarter
Operating and administrative expenses	`OperatingExpenses`	$182.72M	USD	1 Quarter
(Loss) gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$927.85K	USD	1 Quarter
(Loss) gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$1.14M	USD	3 Qtrs
(Loss) gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$-318.66K	USD	1 Quarter
(Loss) gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$320.34K	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$87.37M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$102.28M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$33.36M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$31.11M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$522.88K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$671.32K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$2.25M	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$1.65M	USD	3 Qtrs
Interest expense	`InterestExpense`	$35.05M	USD	3 Qtrs
Interest expense	`InterestExpense`	$10.58M	USD	1 Quarter
Interest expense	`InterestExpense`	$11.57M	USD	1 Quarter
Interest expense	`InterestExpense`	$34.18M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$22.46M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$21.05M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$69.75M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$54.57M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$7.28M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$20.74M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$26.63M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$8.63M	USD	1 Quarter
Net income	`NetIncomeLoss`	$43.12M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$13.83M	USD	1 Quarter
Net income	`NetIncomeLoss`	$33.82M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$13.78M	USD	1 Quarter

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$43.12M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$13.83M	USD	1 Quarter
Net income	`NetIncomeLoss`	$33.82M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$13.78M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$76.75M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$72.85M	USD	3 Qtrs
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$927.85K	USD	1 Quarter
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$1.14M	USD	3 Qtrs
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$-318.66K	USD	1 Quarter
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$320.34K	USD	3 Qtrs
Receipt of advance payments on purchase contracts	`ReceiptOfAdvancePaymentsOnPurchasesContracts`	$3.56M	USD	3 Qtrs
Receipt of advance payments on purchase contracts	`ReceiptOfAdvancePaymentsOnPurchasesContracts`	$2.52M	USD	3 Qtrs
Recognition of advance payments on purchase contracts	`RecognitionOfAdvancePaymentsOnPurchasesContracts`	$-3.22M	USD	3 Qtrs
Recognition of advance payments on purchase contracts	`RecognitionOfAdvancePaymentsOnPurchasesContracts`	$-2.46M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$3.18M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-15.36M	USD	3 Qtrs
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$6.25M	USD	3 Qtrs
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$5.33M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$5.40M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$7.39M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$3.18M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-10.95M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-7.07M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-14.44M	USD	3 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$74.02M	USD	3 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$101.15M	USD	3 Qtrs
Proceeds from sales of property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$1.22M	USD	3 Qtrs
Proceeds from sales of property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$278.17K	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$73.10M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$73.52M	USD	3 Qtrs
Net Cash Used by Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-72.30M	USD	3 Qtrs
Net Cash Used by Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-72.82M	USD	3 Qtrs
Proceeds from short-term borrowings	`ProceedsFromLinesOfCredit`	$579.13M	USD	3 Qtrs
Proceeds from short-term borrowings	`ProceedsFromLinesOfCredit`	$327.23M	USD	3 Qtrs
Payments on short-term borrowings	`RepaymentsOfLinesOfCredit`	$587.75M	USD	3 Qtrs
Payments on short-term borrowings	`RepaymentsOfLinesOfCredit`	$327.23M	USD	3 Qtrs
Proceeds from other long-term borrowings	`ProceedsFromIssuanceOfOtherLongTermDebt`	$14.00M	USD	3 Qtrs
Principal payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$17.17M	USD	3 Qtrs
Principal payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$10.47M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$10.85M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$9.73M	USD	3 Qtrs
Net Cash Used by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-14.02M	USD	3 Qtrs
Net Cash Used by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-28.82M	USD	3 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$29.62K	USD	3 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-12.82M	USD	3 Qtrs
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$8.64M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$4.03M	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`	$8.61M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$8.64M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$4.03M	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`	$8.61M	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$415.99M	USD	Point-in-time
Balance	`StockholdersEquity`	$410.64M	USD	Point-in-time
Balance	`StockholdersEquity`	$382.60M	USD	Point-in-time
Balance	`StockholdersEquity`	$433.61M	USD	Point-in-time
Net income	`NetIncomeLoss`	$43.12M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$13.83M	USD	1 Quarter
Net income	`NetIncomeLoss`	$33.82M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$13.78M	USD	1 Quarter
Cash dividends	`DividendsCommonStockCash`	$10.85M	USD	3 Qtrs
Cash dividends	`DividendsCommonStockCash`	$9.73M	USD	3 Qtrs
Balance	`StockholdersEquity`	$415.99M	USD	Point-in-time
Balance	`StockholdersEquity`	$410.64M	USD	Point-in-time
Balance	`StockholdersEquity`	$382.60M	USD	Point-in-time
Balance	`StockholdersEquity`	$433.61M	USD	Point-in-time

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