10-Q Filing

INGLES MARKETS INC CIK: 50493 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0000050493-17-000010`
Period End Date	20170331
Filing Date	20170503
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	imkt-20170325.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`	$7.51M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.07M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.10M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Receivables - net	`ReceivablesNetCurrent`	$61.74M	USD	Point-in-time
Receivables - net	`ReceivablesNetCurrent`	$63.54M	USD	Point-in-time
Inventories	`InventoryNet`	$348.07M	USD	Point-in-time
Inventories	`InventoryNet`	$343.88M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$7.19M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$12.73M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$430.45M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$418.49M	USD	Point-in-time
Property and Equipment - Net	`PropertyPlantAndEquipmentNet`	$1.25B	USD	Point-in-time
Property and Equipment - Net	`PropertyPlantAndEquipmentNet`	$1.25B	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$21.37M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$20.11M	USD	Point-in-time
Total Assets	`Assets`	$1.69B	USD	Point-in-time
Total Assets	`Assets`	$1.70B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$10.00M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$10.06M	USD	Point-in-time
Accounts payable - trade	`AccountsPayableTradeCurrent`	$165.34M	USD	Point-in-time
Accounts payable - trade	`AccountsPayableTradeCurrent`	$155.29M	USD	Point-in-time
Accrued expenses and current portion of other long-term liabilities	`AccruedLiabilitiesCurrent`	$76.32M	USD	Point-in-time
Accrued expenses and current portion of other long-term liabilities	`AccruedLiabilitiesCurrent`	$64.77M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$240.17M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$241.60M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$71.41M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$71.45M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$866.42M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$866.47M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$36.78M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$38.53M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.22B	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.22B	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`	$456.85M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$473.33M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$486.65M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$428.98M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$449.82M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$470.18M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$1.70B	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$1.69B	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`	$946.15M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$1.93B	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$924.31M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$695.59M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$718.07M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$1.46B	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$1.42B	USD	2 Qtrs
Gross profit	`GrossProfit`	$228.09M	USD	1 Quarter
Gross profit	`GrossProfit`	$228.72M	USD	1 Quarter
Gross profit	`GrossProfit`	$465.17M	USD	2 Qtrs
Gross profit	`GrossProfit`	$454.36M	USD	2 Qtrs
Operating and administrative expenses	`OperatingExpenses`	$196.15M	USD	1 Quarter
Operating and administrative expenses	`OperatingExpenses`	$203.02M	USD	1 Quarter
Operating and administrative expenses	`OperatingExpenses`	$409.32M	USD	2 Qtrs
Operating and administrative expenses	`OperatingExpenses`	$390.22M	USD	2 Qtrs
(Loss) gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$-10.14K	USD	1 Quarter
(Loss) gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$1.37M	USD	2 Qtrs
(Loss) gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$557.41K	USD	1 Quarter
(Loss) gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$621.14K	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$64.76M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$33.13M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$57.22M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$25.05M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$776.32K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$1.14M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$1.44M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$534.10K	USD	1 Quarter
Interest expense	`InterestExpense`	$11.23M	USD	1 Quarter
Interest expense	`InterestExpense`	$23.03M	USD	2 Qtrs
Interest expense	`InterestExpense`	$11.72M	USD	1 Quarter
Interest expense	`InterestExpense`	$23.20M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$14.11M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$35.63M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$42.70M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$22.44M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$12.65M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$8.08M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$15.36M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$4.96M	USD	1 Quarter
Net income	`NetIncomeLoss`	$22.98M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$14.36M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.15M	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`	$22.98M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$14.36M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$27.34M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$52.39M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$54.91M	USD	2 Qtrs
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$-10.14K	USD	1 Quarter
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$1.37M	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`	$1.17M	USD	2 Qtrs
Receipt of advance payments on purchases contracts	`ReceiptOfAdvancePaymentsOnPurchasesContracts`	$2.50M	USD	2 Qtrs
Recognition of advance payments on purchases contracts	`RecognitionOfAdvancePaymentsOnPurchasesContracts`	$-1.63M	USD	2 Qtrs
Recognition of advance payments on purchases contracts	`RecognitionOfAdvancePaymentsOnPurchasesContracts`	$-1.27M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$3.65M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-36.00K	USD	2 Qtrs
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$1.81M	USD	2 Qtrs
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$4.20M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$4.19M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$2.24M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-2.09M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$6.80M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-21.64M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.86M	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$57.63M	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$65.46M	USD	2 Qtrs
Proceeds from sales of property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$1.48M	USD	2 Qtrs
Proceeds from sales of property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$643.49K	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$71.22M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$59.38M	USD	2 Qtrs
Net Cash Used by Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-57.90M	USD	2 Qtrs
Net Cash Used by Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-70.58M	USD	2 Qtrs
Proceeds from short-term borrowings	`ProceedsFromLinesOfCredit`	$251.70M	USD	2 Qtrs
Proceeds from short-term borrowings	`ProceedsFromLinesOfCredit`	$399.13M	USD	2 Qtrs
Payments on short-term borrowings	`RepaymentsOfLinesOfCredit`	$244.50M	USD	2 Qtrs
Payments on short-term borrowings	`RepaymentsOfLinesOfCredit`	$369.56M	USD	2 Qtrs
Principal payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$7.83M	USD	2 Qtrs
Principal payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$8.56M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$6.50M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$6.50M	USD	2 Qtrs
Net Cash (Used) Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$14.51M	USD	2 Qtrs
Net Cash (Used) Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-7.13M	USD	2 Qtrs
Net Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.56M	USD	2 Qtrs
Net Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$424.75K	USD	2 Qtrs
Cash and cash equivalents at Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.51M	USD	Point-in-time
Cash and cash equivalents at Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.68M	USD	Point-in-time
Cash and cash equivalents at Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.07M	USD	Point-in-time
Cash and cash equivalents at Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.10M	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`	$5.68M	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`	$6.10M	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$486.65M	USD	Point-in-time
Balance	`StockholdersEquity`	$428.98M	USD	Point-in-time
Balance	`StockholdersEquity`	$449.82M	USD	Point-in-time
Balance	`StockholdersEquity`	$470.18M	USD	Point-in-time
Net income	`NetIncomeLoss`	$22.98M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$14.36M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$27.34M	USD	2 Qtrs
Cash dividends	`DividendsCommonStockCash`	$6.50M	USD	2 Qtrs
Cash dividends	`DividendsCommonStockCash`	$6.50M	USD	2 Qtrs
Balance	`StockholdersEquity`	$486.65M	USD	Point-in-time
Balance	`StockholdersEquity`	$428.98M	USD	Point-in-time
Balance	`StockholdersEquity`	$449.82M	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.