10-K Filing

INGLES MARKETS INC CIK: 50493 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0000050493-16-000044`
Period End Date	20160930
Filing Date	20161216
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	imkt-20160924.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 57 Income Statement 57 Cash Flow Statement 79 Stockholders Equity 20

Balance Sheet 57 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$358.29K	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$400.25K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.05	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.05	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.61M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.51M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.84M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.68M	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
Receivables (less allowance for doubtful accounts of $358,293 2016 and $400,248 2015)	`ReceivablesNetCurrent`	$66.28M	USD	Point-in-time
Receivables (less allowance for doubtful accounts of $358,293 2016 and $400,248 2015)	`ReceivablesNetCurrent`	$61.74M	USD	Point-in-time
Inventories	`InventoryNet`	$343.88M	USD	Point-in-time
Inventories	`InventoryNet`	$338.64M	USD	Point-in-time
Other	`OtherAssetsCurrent`	$11.31M	USD	Point-in-time
Other	`OtherAssetsCurrent`	$7.19M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$423.75M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$418.49M	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$1.21B	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$1.25B	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$19.62M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$20.11M	USD	Point-in-time
Total Assets	`Assets`	$1.65B	USD	Point-in-time
Total Assets	`Assets`	$1.64B	USD	Point-in-time
Total Assets	`Assets`	$1.69B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$10.00M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$11.37M	USD	Point-in-time
Accounts payable - trade	`AccountsPayableTradeCurrent`	$155.29M	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`	$74.55M	USD	Point-in-time
Accrued expenses and current portion of other long-term liabilities	`AccruedLiabilitiesCurrent`	$76.32M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$241.60M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$251.96M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$71.45M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$64.64M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$866.47M	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`	$36.78M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.22B	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.23B	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	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`	$456.85M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$382.60M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$410.64M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$428.98M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$470.18M	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 57 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$3.78B	USD	Annual
Net sales	`SalesRevenueGoodsNet`	$964.50M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$924.31M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$3.84B	USD	Annual
Net sales	`SalesRevenueGoodsNet`	$945.97M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$962.37M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$952.84M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$915.34M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$957.18M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$951.11M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$3.79B	USD	Annual
Cost of goods sold	`CostOfGoodsSold`	$2.87B	USD	Annual
Cost of goods sold	`CostOfGoodsSold`	$2.89B	USD	Annual
Cost of goods sold	`CostOfGoodsSold`	$2.99B	USD	Annual
Gross profit	`GrossProfit`	$222.16M	USD	1 Quarter
Gross profit	`GrossProfit`	$218.69M	USD	1 Quarter
Gross profit	`GrossProfit`	$224.39M	USD	1 Quarter
Gross profit	`GrossProfit`	$845.16M	USD	Annual
Gross profit	`GrossProfit`	$228.06M	USD	1 Quarter
Gross profit	`GrossProfit`	$228.72M	USD	1 Quarter
Gross profit	`GrossProfit`	$893.30M	USD	Annual
Gross profit	`GrossProfit`	$924.41M	USD	Annual
Gross profit	`GrossProfit`	$225.64M	USD	1 Quarter
Gross profit	`GrossProfit`	$232.85M	USD	1 Quarter
Gross profit	`GrossProfit`	$237.19M	USD	1 Quarter
Operating and administrative expenses	`OperatingExpenses`	$722.64M	USD	Annual
Operating and administrative expenses	`OperatingExpenses`	$756.31M	USD	Annual
Operating and administrative expenses	`OperatingExpenses`	$794.59M	USD	Annual
(Loss) gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$825.86K	USD	Annual
(Loss) gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$2.19M	USD	Annual
(Loss) gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$-1.21M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$139.18M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$128.60M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$123.35M	USD	Annual
Other income, net	`OtherNonoperatingIncomeExpense`	$2.36M	USD	Annual
Other income, net	`OtherNonoperatingIncomeExpense`	$2.28M	USD	Annual
Other income, net	`OtherNonoperatingIncomeExpense`	$3.00M	USD	Annual
Interest expense	`InterestExpense`	$46.57M	USD	Annual
Interest expense	`InterestExpense`	$47.01M	USD	Annual
Interest expense	`InterestExpense`	$46.33M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$84.63M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$94.46M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$79.78M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$28.35M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$30.45M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$35.10M	USD	Annual
Net income	`NetIncomeLoss`	$51.43M	USD	Annual
Net income	`NetIncomeLoss`	$12.67M	USD	1 Quarter
Net income	`NetIncomeLoss`	$59.35M	USD	Annual
Net income	`NetIncomeLoss`	$54.19M	USD	Annual
Net income	`NetIncomeLoss`	$15.04M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.36M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.18M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.78M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.98M	USD	1 Quarter
Net income	`NetIncomeLoss`	$16.24M	USD	1 Quarter

Cash Flow Statement 79 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$51.43M	USD	Annual
Net income	`NetIncomeLoss`	$12.67M	USD	1 Quarter
Net income	`NetIncomeLoss`	$59.35M	USD	Annual
Net income	`NetIncomeLoss`	$54.19M	USD	Annual
Net income	`NetIncomeLoss`	$15.04M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.36M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.18M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.78M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.98M	USD	1 Quarter
Net income	`NetIncomeLoss`	$16.24M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$106.59M	USD	Annual
Depreciation and amortization expense	`DepreciationAndAmortization`	$97.66M	USD	Annual
Depreciation and amortization expense	`DepreciationAndAmortization`	$102.88M	USD	Annual
Loss (gain) from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$825.86K	USD	Annual
Loss (gain) from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$2.19M	USD	Annual
Loss (gain) from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$-1.21M	USD	Annual
Receipt of advance payments on purchases contracts	`ReceiptOfAdvancePaymentsOnPurchasesContracts`	$3.20M	USD	Annual
Receipt of advance payments on purchases contracts	`ReceiptOfAdvancePaymentsOnPurchasesContracts`	$2.98M	USD	Annual
Receipt of advance payments on purchases contracts	`ReceiptOfAdvancePaymentsOnPurchasesContracts`	$4.08M	USD	Annual
Recognition of advance payments on purchases contracts	`RecognitionOfAdvancePaymentsOnPurchasesContracts`	$-4.13M	USD	Annual
Recognition of advance payments on purchases contracts	`RecognitionOfAdvancePaymentsOnPurchasesContracts`	$-3.28M	USD	Annual
Recognition of advance payments on purchases contracts	`RecognitionOfAdvancePaymentsOnPurchasesContracts`	$-3.28M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-16.35M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.23M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$6.81M	USD	Annual
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$1.43M	USD	Annual
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$3.97M	USD	Annual
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-4.55M	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-167.65K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$9.12M	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$5.24M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-11.12M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$5.19M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-3.64M	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$12.89M	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$9.52M	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-12.63M	USD	Annual
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$153.47M	USD	Annual
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$154.35M	USD	Annual
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$159.03M	USD	Annual
Proceeds from sales of property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$758.53K	USD	Annual
Proceeds from sales of property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$434.06K	USD	Annual
Proceeds from sales of property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$4.38M	USD	Annual
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$104.06M	USD	Annual
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$137.64M	USD	Annual
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$108.34M	USD	Annual
Net Cash Used by Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-136.88M	USD	Annual
Net Cash Used by Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-107.90M	USD	Annual
Net Cash Used by Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-99.68M	USD	Annual
Proceeds from short-term borrowings	`ProceedsFromLinesOfCredit`	$708.34M	USD	Annual
Proceeds from short-term borrowings	`ProceedsFromLinesOfCredit`	$413.84M	USD	Annual
Proceeds from short-term borrowings	`ProceedsFromLinesOfCredit`	$692.96M	USD	Annual
Payments on short-term borrowings	`RepaymentsOfLinesOfCredit`	$708.80M	USD	Annual
Payments on short-term borrowings	`RepaymentsOfLinesOfCredit`	$383.93M	USD	Annual
Payments on short-term borrowings	`RepaymentsOfLinesOfCredit`	$722.41M	USD	Annual
Net proceeds from new long-term borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$14.00M	USD	Annual
Net proceeds from new long-term borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$20.28M	USD	Annual
Principal payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$12.47M	USD	Annual
Principal payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$19.12M	USD	Annual
Principal payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$30.80M	USD	Annual
Stock repurchases	`PaymentsForRepurchaseOfCommonStock`	$65.00M	USD	Annual
Dividends	`PaymentsOfDividendsCommonStock`	$14.46M	USD	Annual
Dividends	`PaymentsOfDividendsCommonStock`	$12.98M	USD	Annual
Dividends	`PaymentsOfDividendsCommonStock`	$12.99M	USD	Annual
Net Cash Used by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-54.67M	USD	Annual
Net Cash Used by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-54.89M	USD	Annual
Net Cash Used by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-23.97M	USD	Annual
Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.83M	USD	Annual
Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.11M	USD	Annual
Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.23M	USD	Annual
Cash and cash equivalents at Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$8.61M	USD	Point-in-time
Cash and cash equivalents at Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$7.51M	USD	Point-in-time
Cash and cash equivalents at Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$16.84M	USD	Point-in-time
Cash and cash equivalents at Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$5.68M	USD	Point-in-time
Cash and Cash Equivalents at End of Year	`CashAndCashEquivalentsAtCarryingValue`	$8.61M	USD	Point-in-time
Cash and Cash Equivalents at End of Year	`CashAndCashEquivalentsAtCarryingValue`	$7.51M	USD	Point-in-time
Cash and Cash Equivalents at End of Year	`CashAndCashEquivalentsAtCarryingValue`	$16.84M	USD	Point-in-time
Cash and Cash Equivalents at End of Year	`CashAndCashEquivalentsAtCarryingValue`	$5.68M	USD	Point-in-time

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$382.60M	USD	Point-in-time
Balance	`StockholdersEquity`	$410.64M	USD	Point-in-time
Balance	`StockholdersEquity`	$428.98M	USD	Point-in-time
Balance	`StockholdersEquity`	$470.18M	USD	Point-in-time
Net income	`NetIncomeLoss`	$51.43M	USD	Annual
Net income	`NetIncomeLoss`	$12.67M	USD	1 Quarter
Net income	`NetIncomeLoss`	$59.35M	USD	Annual
Net income	`NetIncomeLoss`	$54.19M	USD	Annual
Net income	`NetIncomeLoss`	$15.04M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.36M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.18M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.78M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.98M	USD	1 Quarter
Net income	`NetIncomeLoss`	$16.24M	USD	1 Quarter
Stock repurchases, at cost	`StockRepurchasedDuringPeriodValue`	$65.00M	USD	Annual
Balance	`StockholdersEquity`	$382.60M	USD	Point-in-time
Balance	`StockholdersEquity`	$410.64M	USD	Point-in-time
Balance	`StockholdersEquity`	$428.98M	USD	Point-in-time
Balance	`StockholdersEquity`	$470.18M	USD	Point-in-time

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