10-Q Filing

INGLES MARKETS INC CIK: 50493 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0000050493-16-000039`
Period End Date	20160630
Filing Date	20160803
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	imkt-20160625.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`	$8.64M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.44M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.51M	USD	Point-in-time
Receivables - net	`ReceivablesNetCurrent`	$72.51M	USD	Point-in-time
Receivables - net	`ReceivablesNetCurrent`	$66.28M	USD	Point-in-time
Inventories	`InventoryNet`	$341.85M	USD	Point-in-time
Inventories	`InventoryNet`	$338.64M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$11.31M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$10.09M	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`	$1.21B	USD	Point-in-time
Property and Equipment - Net	`PropertyPlantAndEquipmentNet`	$1.24B	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$18.86M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$19.62M	USD	Point-in-time
Total Assets	`Assets`	$1.65B	USD	Point-in-time
Total Assets	`Assets`	$1.69B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$10.68M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$11.37M	USD	Point-in-time
Accounts payable - trade	`AccountsPayableTradeCurrent`	$162.09M	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`	$62.45M	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`	$235.22M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$251.96M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$71.97M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$64.64M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$887.56M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$874.69M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$35.70M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$34.56M	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`	$445.92M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$382.60M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$415.99M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$459.24M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$428.98M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$1.69B	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$1.65B	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$2.83B	USD	3 Qtrs
Net sales	`SalesRevenueGoodsNet`	$2.83B	USD	3 Qtrs
Net sales	`SalesRevenueGoodsNet`	$957.18M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$945.97M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$2.16B	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$723.81M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$2.15B	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$724.32M	USD	1 Quarter
Gross profit	`GrossProfit`	$687.21M	USD	3 Qtrs
Gross profit	`GrossProfit`	$222.16M	USD	1 Quarter
Gross profit	`GrossProfit`	$232.85M	USD	1 Quarter
Gross profit	`GrossProfit`	$665.25M	USD	3 Qtrs
Operating and administrative expenses	`OperatingExpenses`	$589.65M	USD	3 Qtrs
Operating and administrative expenses	`OperatingExpenses`	$190.73M	USD	1 Quarter
Operating and administrative expenses	`OperatingExpenses`	$563.29M	USD	3 Qtrs
Operating and administrative expenses	`OperatingExpenses`	$199.43M	USD	1 Quarter
(Loss) gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$-318.66K	USD	1 Quarter
(Loss) gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$-1.56M	USD	1 Quarter
(Loss) gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$320.34K	USD	3 Qtrs
(Loss) gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$-934.04K	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$102.28M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$96.62M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$31.11M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$31.86M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$522.88K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$512.36K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$1.65M	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$1.65M	USD	3 Qtrs
Interest expense	`InterestExpense`	$34.18M	USD	3 Qtrs
Interest expense	`InterestExpense`	$11.19M	USD	1 Quarter
Interest expense	`InterestExpense`	$34.39M	USD	3 Qtrs
Interest expense	`InterestExpense`	$10.58M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$21.19M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$21.05M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$63.88M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$69.75M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$7.28M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$23.88M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$8.52M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$26.63M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$43.12M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$13.78M	USD	1 Quarter
Net income	`NetIncomeLoss`	$40.01M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$12.67M	USD	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$43.12M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$13.78M	USD	1 Quarter
Net income	`NetIncomeLoss`	$40.01M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$12.67M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$79.34M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$76.75M	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`	$-1.56M	USD	1 Quarter
(Loss)/gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$320.34K	USD	3 Qtrs
(Loss)/gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$-934.04K	USD	3 Qtrs
Receipt of advance payments on purchases contracts	`ReceiptOfAdvancePaymentsOnPurchasesContracts`	$3.56M	USD	3 Qtrs
Receipt of advance payments on purchases contracts	`ReceiptOfAdvancePaymentsOnPurchasesContracts`	$3.20M	USD	3 Qtrs
Recognition of advance payments on purchases contracts	`RecognitionOfAdvancePaymentsOnPurchasesContracts`	$-3.22M	USD	3 Qtrs
Recognition of advance payments on purchases contracts	`RecognitionOfAdvancePaymentsOnPurchasesContracts`	$-2.45M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$7.32M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$3.18M	USD	3 Qtrs
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$6.22M	USD	3 Qtrs
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$6.25M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$3.20M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$5.40M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-1.99M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$3.18M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-7.07M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-17.32M	USD	3 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$103.59M	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`	$686.48K	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$73.52M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$107.82M	USD	3 Qtrs
Net Cash Used by Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-72.30M	USD	3 Qtrs
Net Cash Used by Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-107.14M	USD	3 Qtrs
Proceeds from short-term borrowings	`ProceedsFromLinesOfCredit`	$577.98M	USD	3 Qtrs
Proceeds from short-term borrowings	`ProceedsFromLinesOfCredit`	$579.13M	USD	3 Qtrs
Payments on short-term borrowings	`RepaymentsOfLinesOfCredit`	$556.19M	USD	3 Qtrs
Payments on short-term borrowings	`RepaymentsOfLinesOfCredit`	$587.75M	USD	3 Qtrs
Principal payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$10.57M	USD	3 Qtrs
Principal payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$10.47M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$9.74M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$9.73M	USD	3 Qtrs
Net Cash Provided (Used) by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-28.82M	USD	3 Qtrs
Net Cash Provided (Used) by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.48M	USD	3 Qtrs
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$29.62K	USD	3 Qtrs
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.07M	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`	$8.61M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.44M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.51M	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`	$8.61M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$5.44M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$7.51M	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`	$415.99M	USD	Point-in-time
Balance	`StockholdersEquity`	$459.24M	USD	Point-in-time
Balance	`StockholdersEquity`	$428.98M	USD	Point-in-time
Net income	`NetIncomeLoss`	$43.12M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$13.78M	USD	1 Quarter
Net income	`NetIncomeLoss`	$40.01M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$12.67M	USD	1 Quarter
Cash dividends	`DividendsCommonStockCash`	$9.73M	USD	3 Qtrs
Cash dividends	`DividendsCommonStockCash`	$9.74M	USD	3 Qtrs
Balance	`StockholdersEquity`	$382.60M	USD	Point-in-time
Balance	`StockholdersEquity`	$415.99M	USD	Point-in-time
Balance	`StockholdersEquity`	$459.24M	USD	Point-in-time
Balance	`StockholdersEquity`	$428.98M	USD	Point-in-time

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