10-K Filing

INGLES MARKETS INC CIK: 50493 FY 2017

Filing Information

Form Type	10-K
Accession Number	`0000050493-17-000021`
Period End Date	20170930
Filing Date	20171206
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	imkt-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 57 Income Statement 57 Cash Flow Statement 78 Stockholders Equity 19

Balance Sheet 57 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$305.58K	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$358.29K	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`	$23.91M	USD	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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.61M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.68M	USD	Point-in-time
Receivables (less allowance for doubtful accounts of $305,580 2017 and $358,293 2016)	`ReceivablesNetCurrent`	$66.33M	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 $305,580 2017 and $358,293 2016)	`ReceivablesNetCurrent`	$61.74M	USD	Point-in-time
Inventories	`InventoryNet`	$343.88M	USD	Point-in-time
Inventories	`InventoryNet`	$349.33M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$6.27M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$7.19M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$418.49M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$445.84M	USD	Point-in-time
Property and Equipment - Net	`PropertyPlantAndEquipmentNet`	$1.27B	USD	Point-in-time
Property and Equipment - Net	`PropertyPlantAndEquipmentNet`	$1.25B	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$20.11M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$22.35M	USD	Point-in-time
Total Assets	`Assets`	$1.65B	USD	Point-in-time
Total Assets	`Assets`	$1.69B	USD	Point-in-time
Total Assets	`Assets`	$1.73B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$10.00M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$12.21M	USD	Point-in-time
Accounts payable - trade	`AccountsPayableTradeCurrent`	$150.90M	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`	$82.45M	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`	$245.56M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$71.45M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$69.92M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$865.66M	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`	$41.11M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.22B	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.22B	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`	$456.85M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$497.73M	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`	$470.18M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$511.05M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$1.73B	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$1.69B	USD	Point-in-time

Income Statement 57 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$4.00B	USD	Annual
Net sales	`SalesRevenueGoodsNet`	$946.15M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$982.76M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$951.11M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$984.40M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$924.31M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$3.78B	USD	Annual
Net sales	`SalesRevenueGoodsNet`	$957.18M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$3.79B	USD	Annual
Net sales	`SalesRevenueGoodsNet`	$1.09B	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$962.37M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$2.89B	USD	Annual
Cost of goods sold	`CostOfGoodsSold`	$3.04B	USD	Annual
Cost of goods sold	`CostOfGoodsSold`	$2.87B	USD	Annual
Gross profit	`GrossProfit`	$924.41M	USD	Annual
Gross profit	`GrossProfit`	$237.19M	USD	1 Quarter
Gross profit	`GrossProfit`	$261.29M	USD	1 Quarter
Gross profit	`GrossProfit`	$225.64M	USD	1 Quarter
Gross profit	`GrossProfit`	$237.13M	USD	1 Quarter
Gross profit	`GrossProfit`	$237.08M	USD	1 Quarter
Gross profit	`GrossProfit`	$963.59M	USD	Annual
Gross profit	`GrossProfit`	$893.30M	USD	Annual
Gross profit	`GrossProfit`	$232.85M	USD	1 Quarter
Gross profit	`GrossProfit`	$228.72M	USD	1 Quarter
Gross profit	`GrossProfit`	$228.09M	USD	1 Quarter
Operating and administrative expenses	`OperatingExpenses`	$837.14M	USD	Annual
Operating and administrative expenses	`OperatingExpenses`	$794.59M	USD	Annual
Operating and administrative expenses	`OperatingExpenses`	$756.31M	USD	Annual
Gain (loss) from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$1.46M	USD	Annual
Gain (loss) from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$-1.21M	USD	Annual
Gain (loss) from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$2.19M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$127.91M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$139.18M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$128.60M	USD	Annual
Other income, net	`OtherNonoperatingIncomeExpense`	$3.81M	USD	Annual
Other income, net	`OtherNonoperatingIncomeExpense`	$2.36M	USD	Annual
Other income, net	`OtherNonoperatingIncomeExpense`	$2.28M	USD	Annual
Interest expense	`InterestExpense`	$46.33M	USD	Annual
Interest expense	`InterestExpense`	$47.01M	USD	Annual
Interest expense	`InterestExpense`	$47.46M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$84.63M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$84.26M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$94.46M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$30.45M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$35.10M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$30.39M	USD	Annual
Net income	`NetIncomeLoss`	$53.87M	USD	Annual
Net income	`NetIncomeLoss`	$11.53M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.67M	USD	1 Quarter
Net income	`NetIncomeLoss`	$19.37M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.18M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$54.19M	USD	Annual
Net income	`NetIncomeLoss`	$59.35M	USD	Annual
Net income	`NetIncomeLoss`	$14.36M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.98M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.82M	USD	1 Quarter

Cash Flow Statement 78 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$53.87M	USD	Annual
Net income	`NetIncomeLoss`	$11.53M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.67M	USD	1 Quarter
Net income	`NetIncomeLoss`	$19.37M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.18M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$54.19M	USD	Annual
Net income	`NetIncomeLoss`	$59.35M	USD	Annual
Net income	`NetIncomeLoss`	$14.36M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.98M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.82M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$102.88M	USD	Annual
Depreciation and amortization expense	`DepreciationAndAmortization`	$110.93M	USD	Annual
Depreciation and amortization expense	`DepreciationAndAmortization`	$106.59M	USD	Annual
(Gain) loss from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$1.46M	USD	Annual
(Gain) loss from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$-1.21M	USD	Annual
(Gain) loss from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$2.19M	USD	Annual
Receipt of advance payments on purchases contracts	`ReceiptOfAdvancePaymentsOnPurchasesContracts`	$4.08M	USD	Annual
Receipt of advance payments on purchases contracts	`ReceiptOfAdvancePaymentsOnPurchasesContracts`	$3.20M	USD	Annual
Receipt of advance payments on purchases contracts	`ReceiptOfAdvancePaymentsOnPurchasesContracts`	$3.74M	USD	Annual
Recognition of advance payments on purchases contracts	`RecognitionOfAdvancePaymentsOnPurchasesContracts`	$-2.18M	USD	Annual
Recognition of advance payments on purchases contracts	`RecognitionOfAdvancePaymentsOnPurchasesContracts`	$-3.28M	USD	Annual
Recognition of advance payments on purchases contracts	`RecognitionOfAdvancePaymentsOnPurchasesContracts`	$-4.13M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$6.81M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.23M	USD	Annual
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.53M	USD	Annual
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-4.55M	USD	Annual
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$4.59M	USD	Annual
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$3.97M	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$5.24M	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$9.12M	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$5.45M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-3.64M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$5.19M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.57M	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$4.59M	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`	$159.03M	USD	Annual
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$156.34M	USD	Annual
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$153.47M	USD	Annual
Proceeds from sales of property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$758.53K	USD	Annual
Proceeds from sales of property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$2.34M	USD	Annual
Proceeds from sales of property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$4.38M	USD	Annual
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$104.06M	USD	Annual
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$127.70M	USD	Annual
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$137.64M	USD	Annual
Net Cash Used by Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-99.68M	USD	Annual
Net Cash Used by Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-125.36M	USD	Annual
Net Cash Used by Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-136.88M	USD	Annual
Proceeds from short-term borrowings	`ProceedsFromLinesOfCredit`	$708.34M	USD	Annual
Proceeds from short-term borrowings	`ProceedsFromLinesOfCredit`	$393.18M	USD	Annual
Proceeds from short-term borrowings	`ProceedsFromLinesOfCredit`	$692.96M	USD	Annual
Payments on short-term borrowings	`RepaymentsOfLinesOfCredit`	$393.18M	USD	Annual
Payments on short-term borrowings	`RepaymentsOfLinesOfCredit`	$708.80M	USD	Annual
Payments on short-term borrowings	`RepaymentsOfLinesOfCredit`	$722.41M	USD	Annual
Net proceeds from new long-term borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$20.28M	USD	Annual
Net proceeds from new long-term borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$59.74M	USD	Annual
Principal payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$12.47M	USD	Annual
Principal payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$59.49M	USD	Annual
Principal payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$30.80M	USD	Annual
Dividends	`PaymentsOfDividendsCommonStock`	$13.00M	USD	Annual
Dividends	`PaymentsOfDividendsCommonStock`	$12.99M	USD	Annual
Dividends	`PaymentsOfDividendsCommonStock`	$12.98M	USD	Annual
Net Cash Used by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-54.89M	USD	Annual
Net Cash Used by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-12.75M	USD	Annual
Net Cash Used by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-23.97M	USD	Annual
Increase (decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.83M	USD	Annual
Increase (decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.11M	USD	Annual
Increase (decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$18.23M	USD	Annual
Cash and Cash Equivalents at Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$23.91M	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`	$8.61M	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`	$23.91M	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`	$8.61M	USD	Point-in-time
Cash and Cash Equivalents at End of Year	`CashAndCashEquivalentsAtCarryingValue`	$5.68M	USD	Point-in-time

Stockholders Equity 19 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`	$470.18M	USD	Point-in-time
Balance	`StockholdersEquity`	$511.05M	USD	Point-in-time
Net income	`NetIncomeLoss`	$53.87M	USD	Annual
Net income	`NetIncomeLoss`	$11.53M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.67M	USD	1 Quarter
Net income	`NetIncomeLoss`	$19.37M	USD	1 Quarter
Net income	`NetIncomeLoss`	$14.18M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$54.19M	USD	Annual
Net income	`NetIncomeLoss`	$59.35M	USD	Annual
Net income	`NetIncomeLoss`	$14.36M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.98M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.82M	USD	1 Quarter
Balance	`StockholdersEquity`	$428.98M	USD	Point-in-time
Balance	`StockholdersEquity`	$382.60M	USD	Point-in-time
Balance	`StockholdersEquity`	$470.18M	USD	Point-in-time
Balance	`StockholdersEquity`	$511.05M	USD	Point-in-time

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