10-Q Filing

INGLES MARKETS INC CIK: 50493 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0000050493-18-000007`
Period End Date	20171231
Filing Date	20180208
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	imkt-20171230.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 22 Cash Flow Statement 48 Stockholders Equity 12

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`	$13.76M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.16M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.68M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.91M	USD	Point-in-time
Receivables - net	`ReceivablesNetCurrent`	$66.33M	USD	Point-in-time
Receivables - net	`ReceivablesNetCurrent`	$71.51M	USD	Point-in-time
Inventories	`InventoryNet`	$349.33M	USD	Point-in-time
Inventories	`InventoryNet`	$361.63M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$6.27M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$8.68M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$445.84M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$455.58M	USD	Point-in-time
Property and Equipment - Net	`PropertyPlantAndEquipmentNet`	$1.27B	USD	Point-in-time
Property and Equipment - Net	`PropertyPlantAndEquipmentNet`	$1.29B	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$25.63M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$22.35M	USD	Point-in-time
Total Assets	`Assets`	$1.77B	USD	Point-in-time
Total Assets	`Assets`	$1.73B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$12.67M	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`	$176.00M	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`	$63.37M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$252.04M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$245.56M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$69.92M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$47.11M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$865.66M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$877.87M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$43.70M	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
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`	$539.62M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$497.73M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$511.05M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$480.75M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$470.18M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$552.95M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$1.77B	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$1.73B	USD	Point-in-time

Income Statement 22 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$982.76M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$1.01B	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$769.13M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$745.67M	USD	1 Quarter
Gross profit	`GrossProfit`	$237.08M	USD	1 Quarter
Gross profit	`GrossProfit`	$244.66M	USD	1 Quarter
Operating and administrative expenses	`OperatingExpenses`	$208.83M	USD	1 Quarter
Operating and administrative expenses	`OperatingExpenses`	$206.30M	USD	1 Quarter
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$57.27K	USD	1 Quarter
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$1.38M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$35.89M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$32.17M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$953.96K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$663.13K	USD	1 Quarter
Interest expense	`InterestExpense`	$11.31M	USD	1 Quarter
Interest expense	`InterestExpense`	$11.45M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$25.39M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$21.52M	USD	1 Quarter
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$-19.76M	USD	1 Quarter
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$7.69M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.82M	USD	1 Quarter
Net income	`NetIncomeLoss`	$45.15M	USD	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$13.82M	USD	1 Quarter
Net income	`NetIncomeLoss`	$45.15M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$27.08M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$27.99M	USD	1 Quarter
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$57.27K	USD	1 Quarter
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$1.38M	USD	1 Quarter
Receipt of advance payments on purchases contracts	`ReceiptOfAdvancePaymentsOnPurchasesContracts`	$1.00M	USD	1 Quarter
Receipt of advance payments on purchases contracts	`ReceiptOfAdvancePaymentsOnPurchasesContracts`	$1.00M	USD	1 Quarter
Recognition of advance payments on purchases contracts	`RecognitionOfAdvancePaymentsOnPurchasesContracts`	$-820.16K	USD	1 Quarter
Recognition of advance payments on purchases contracts	`RecognitionOfAdvancePaymentsOnPurchasesContracts`	$-498.75K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-22.81M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-19.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$5.18M	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$18.95M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$12.29M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$8.72M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.28M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$5.76M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$6.45M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$9.86M	USD	1 Quarter
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$37.39M	USD	1 Quarter
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$17.19M	USD	1 Quarter
Proceeds from sales of property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$64.71K	USD	1 Quarter
Proceeds from sales of property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$1.37M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$29.28M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$56.78M	USD	1 Quarter
Net Cash Used by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-27.91M	USD	1 Quarter
Net Cash Used by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-56.72M	USD	1 Quarter
Proceeds from short-term borrowings	`ProceedsFromLinesOfCredit`	$65.52M	USD	1 Quarter
Proceeds from short-term borrowings	`ProceedsFromLinesOfCredit`	$103.29M	USD	1 Quarter
Payments on short-term borrowings	`RepaymentsOfLinesOfCredit`	$51.25M	USD	1 Quarter
Payments on short-term borrowings	`RepaymentsOfLinesOfCredit`	$78.26M	USD	1 Quarter
Principal payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$1.59M	USD	1 Quarter
Principal payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$1.85M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$3.25M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$3.25M	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$9.17M	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$20.19M	USD	1 Quarter
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-10.16M	USD	1 Quarter
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.48M	USD	1 Quarter
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$13.76M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$15.16M	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`	$23.91M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$13.76M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$15.16M	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`	$23.91M	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$511.05M	USD	Point-in-time
Balance	`StockholdersEquity`	$480.75M	USD	Point-in-time
Balance	`StockholdersEquity`	$470.18M	USD	Point-in-time
Balance	`StockholdersEquity`	$552.95M	USD	Point-in-time
Net income	`NetIncomeLoss`	$13.82M	USD	1 Quarter
Net income	`NetIncomeLoss`	$45.15M	USD	1 Quarter
Cash dividends	`DividendsCommonStockCash`	$3.25M	USD	1 Quarter
Cash dividends	`DividendsCommonStockCash`	$3.25M	USD	1 Quarter
Balance	`StockholdersEquity`	$511.05M	USD	Point-in-time
Balance	`StockholdersEquity`	$480.75M	USD	Point-in-time
Balance	`StockholdersEquity`	$470.18M	USD	Point-in-time
Balance	`StockholdersEquity`	$552.95M	USD	Point-in-time

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