10-Q Filing

INGLES MARKETS INC CIK: 50493 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0000050493-16-000031`
Period End Date	20160331
Filing Date	20160505
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	imkt-20160326.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 44 Cash Flow Statement 52 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`	$9.07M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.61M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.51M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.68M	USD	Point-in-time
Receivables - net	`ReceivablesNetCurrent`	$66.28M	USD	Point-in-time
Receivables - net	`ReceivablesNetCurrent`	$70.49M	USD	Point-in-time
Inventories	`InventoryNet`	$338.64M	USD	Point-in-time
Inventories	`InventoryNet`	$340.88M	USD	Point-in-time
Other current Assets	`OtherAssetsCurrent`	$11.31M	USD	Point-in-time
Other current Assets	`OtherAssetsCurrent`	$9.44M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$423.75M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$429.88M	USD	Point-in-time
Property and Equipment - Net	`PropertyPlantAndEquipmentNet`	$1.23B	USD	Point-in-time
Property and Equipment - Net	`PropertyPlantAndEquipmentNet`	$1.21B	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$19.40M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$19.62M	USD	Point-in-time
Total Assets	`Assets`	$1.68B	USD	Point-in-time
Total Assets	`Assets`	$1.65B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$11.37M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$10.96M	USD	Point-in-time
Accounts payable - trade	`AccountsPayableTradeCurrent`	$155.30M	USD	Point-in-time
Accounts payable - trade	`AccountsPayableTradeCurrent`	$166.04M	USD	Point-in-time
Accrued expenses and current portion of other long-term liabilities	`AccruedLiabilitiesCurrent`	$64.79M	USD	Point-in-time
Accrued expenses and current portion of other long-term liabilities	`AccruedLiabilitiesCurrent`	$74.55M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$231.05M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$251.96M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$68.29M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$64.64M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$896.74M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$874.69M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$34.56M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$35.14M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.23B	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.23B	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`	$415.65M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$436.50M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$428.98M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$382.60M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$405.46M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$449.82M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$1.65B	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$1.68B	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`	$915.33M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$1.88B	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$924.31M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$696.64M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$695.59M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$1.42B	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$1.44B	USD	2 Qtrs
Gross profit	`GrossProfit`	$443.08M	USD	2 Qtrs
Gross profit	`GrossProfit`	$454.36M	USD	2 Qtrs
Gross profit	`GrossProfit`	$228.72M	USD	1 Quarter
Gross profit	`GrossProfit`	$218.69M	USD	1 Quarter
Operating and administrative expenses	`OperatingExpenses`	$390.22M	USD	2 Qtrs
Operating and administrative expenses	`OperatingExpenses`	$372.56M	USD	2 Qtrs
Operating and administrative expenses	`OperatingExpenses`	$196.15M	USD	1 Quarter
Operating and administrative expenses	`OperatingExpenses`	$185.58M	USD	1 Quarter
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`	$557.41K	USD	1 Quarter
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$621.14K	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$33.63M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$33.13M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$71.17M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$64.76M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$1.14M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$563.97K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$1.13M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$534.10K	USD	1 Quarter
Interest expense	`InterestExpense`	$11.23M	USD	1 Quarter
Interest expense	`InterestExpense`	$23.20M	USD	2 Qtrs
Interest expense	`InterestExpense`	$23.60M	USD	2 Qtrs
Interest expense	`InterestExpense`	$11.58M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$22.62M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$42.70M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$48.69M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$22.44M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$8.08M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$19.35M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$8.32M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$15.36M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$14.36M	USD	1 Quarter
Net income	`NetIncomeLoss`	$29.34M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$14.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$27.34M	USD	2 Qtrs

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$14.36M	USD	1 Quarter
Net income	`NetIncomeLoss`	$29.34M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$14.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$27.34M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$50.90M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$52.39M	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`	$557.41K	USD	1 Quarter
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$621.14K	USD	2 Qtrs
Receipt of advance payments on purchases contracts	`ReceiptOfAdvancePaymentsOnPurchasesContracts`	$3.52M	USD	2 Qtrs
Receipt of advance payments on purchases contracts	`ReceiptOfAdvancePaymentsOnPurchasesContracts`	$2.50M	USD	2 Qtrs
Recognition of advance payments on purchases contracts	`RecognitionOfAdvancePaymentsOnPurchasesContracts`	$-2.30M	USD	2 Qtrs
Recognition of advance payments on purchases contracts	`RecognitionOfAdvancePaymentsOnPurchasesContracts`	$-1.63M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$3.65M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$3.83M	USD	2 Qtrs
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$3.01M	USD	2 Qtrs
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$4.20M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$2.24M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$7.53M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$317.71K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-2.09M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-14.89M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-21.64M	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$58.90M	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$57.63M	USD	2 Qtrs
Proceeds from sales of property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$643.49K	USD	2 Qtrs
Proceeds from sales of property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$674.38K	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$71.22M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$44.30M	USD	2 Qtrs
Net Cash Used by Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-43.62M	USD	2 Qtrs
Net Cash Used by Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-70.58M	USD	2 Qtrs
Proceeds from short-term borrowings	`ProceedsFromLinesOfCredit`	$398.87M	USD	2 Qtrs
Proceeds from short-term borrowings	`ProceedsFromLinesOfCredit`	$399.13M	USD	2 Qtrs
Payments on short-term borrowings	`RepaymentsOfLinesOfCredit`	$399.11M	USD	2 Qtrs
Payments on short-term borrowings	`RepaymentsOfLinesOfCredit`	$369.56M	USD	2 Qtrs
Principal payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$8.49M	USD	2 Qtrs
Principal payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$8.56M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$6.49M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$6.50M	USD	2 Qtrs
Net Cash Provided (Used) by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$14.51M	USD	2 Qtrs
Net Cash Provided (Used) by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-15.21M	USD	2 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.56M	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`	$9.07M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.61M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.51M	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`	$9.07M	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`	$7.51M	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`	$428.98M	USD	Point-in-time
Balance	`StockholdersEquity`	$382.60M	USD	Point-in-time
Balance	`StockholdersEquity`	$405.46M	USD	Point-in-time
Balance	`StockholdersEquity`	$449.82M	USD	Point-in-time
Net income	`NetIncomeLoss`	$14.36M	USD	1 Quarter
Net income	`NetIncomeLoss`	$29.34M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$14.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$27.34M	USD	2 Qtrs
Cash dividends	`DividendsCommonStockCash`	$6.50M	USD	2 Qtrs
Cash dividends	`DividendsCommonStockCash`	$6.49M	USD	2 Qtrs
Balance	`StockholdersEquity`	$428.98M	USD	Point-in-time
Balance	`StockholdersEquity`	$382.60M	USD	Point-in-time
Balance	`StockholdersEquity`	$405.46M	USD	Point-in-time
Balance	`StockholdersEquity`	$449.82M	USD	Point-in-time

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