10-Q Filing

INGLES MARKETS INC CIK: 50493 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0000050493-19-000004`
Period End Date	20181231
Filing Date	20190207
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	imkt-20181229.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 27 Cash Flow Statement 48 Stockholders Equity 13

Balance Sheet 53 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`	$23.91M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.10M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.54M	USD	Point-in-time
Receivables - net	`ReceivablesNetCurrent`	$70.06M	USD	Point-in-time
Receivables - net	`ReceivablesNetCurrent`	$73.23M	USD	Point-in-time
Inventories	`InventoryNet`	$372.20M	USD	Point-in-time
Inventories	`InventoryNet`	$374.92M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$43.95M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$26.53M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$496.74M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$488.79M	USD	Point-in-time
Property and Equipment - Net	`PropertyPlantAndEquipmentNet`	$1.34B	USD	Point-in-time
Property and Equipment - Net	`PropertyPlantAndEquipmentNet`	$1.30B	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$25.12M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$25.82M	USD	Point-in-time
Total Assets	`Assets`	$1.86B	USD	Point-in-time
Total Assets	`Assets`	$1.82B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$12.80M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$12.85M	USD	Point-in-time
Accounts payable - trade	`AccountsPayableTradeCurrent`	$165.17M	USD	Point-in-time
Accounts payable - trade	`AccountsPayableTradeCurrent`	$179.41M	USD	Point-in-time
Accrued expenses and current portion of other long-term liabilities	`AccruedLiabilitiesCurrent`	$62.50M	USD	Point-in-time
Accrued expenses and current portion of other long-term liabilities	`AccruedLiabilitiesCurrent`	$82.12M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$254.72M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$260.14M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$74.46M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$78.76M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$852.74M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$867.13M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$42.16M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$40.50M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.24B	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
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$340.34K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$582.09M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$600.99M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$595.41M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$511.05M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$614.66M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$552.95M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$1.86B	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$1.82B	USD	Point-in-time

Income Statement 27 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$1.01B	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$1.06B	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$769.13M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$803.43M	USD	1 Quarter
Gross profit	`GrossProfit`	$258.41M	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`	$218.68M	USD	1 Quarter
(Loss) gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$57.27K	USD	1 Quarter
(Loss) gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$-262.59K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$35.89M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$39.46M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$953.96K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$895.46K	USD	1 Quarter
Interest expense	`InterestExpense`	$11.45M	USD	1 Quarter
Interest expense	`InterestExpense`	$12.21M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$25.39M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$28.15M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$6.00M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-19.76M	USD	1 Quarter
Net income	`NetIncomeLoss`	$45.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$22.15M	USD	1 Quarter
Change in fair value of interest rate swap	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	$444.04K	USD	1 Quarter
Income tax expense	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent1`	$103.70K	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$340.34K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$22.49M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$45.15M	USD	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$45.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$22.15M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$27.99M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$27.82M	USD	1 Quarter
Loss (gain) from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$57.27K	USD	1 Quarter
Loss (gain) from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$-262.59K	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`	$-498.75K	USD	1 Quarter
Recognition of advance payments on purchases contracts	`RecognitionOfAdvancePaymentsOnPurchasesContracts`	$-632.89K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-22.81M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$4.19M	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$5.18M	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$3.18M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$12.29M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$2.73M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-17.06M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$5.76M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$9.86M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.36M	USD	1 Quarter
Net Cash Provided By Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$37.39M	USD	1 Quarter
Net Cash Provided By Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$63.59M	USD	1 Quarter
Proceeds from sales of property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$48.25K	USD	1 Quarter
Proceeds from sales of property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$64.71K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$70.96M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$56.78M	USD	1 Quarter
Net Cash Used By Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-56.72M	USD	1 Quarter
Net Cash Used By Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-70.91M	USD	1 Quarter
Proceeds from short-term borrowings	`ProceedsFromLinesOfCredit`	$171.12M	USD	1 Quarter
Proceeds from short-term borrowings	`ProceedsFromLinesOfCredit`	$65.52M	USD	1 Quarter
Payments on short-term borrowings	`RepaymentsOfLinesOfCredit`	$51.25M	USD	1 Quarter
Payments on short-term borrowings	`RepaymentsOfLinesOfCredit`	$154.60M	USD	1 Quarter
Principal payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$1.85M	USD	1 Quarter
Principal payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$2.38M	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`	$10.89M	USD	1 Quarter
Net Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$9.17M	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-10.16M	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.56M	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`	$23.91M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$14.10M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.54M	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`	$23.91M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$14.10M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$10.54M	USD	Point-in-time

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$595.41M	USD	Point-in-time
Balance	`StockholdersEquity`	$511.05M	USD	Point-in-time
Balance	`StockholdersEquity`	$614.66M	USD	Point-in-time
Balance	`StockholdersEquity`	$552.95M	USD	Point-in-time
Net income	`NetIncomeLoss`	$45.15M	USD	1 Quarter
Net income	`NetIncomeLoss`	$22.15M	USD	1 Quarter
Other comprehensive income, net of income tax	`OtherComprehensiveIncomeLossNetOfTax`	$340.34K	USD	1 Quarter
Cash dividends	`DividendsCommonStockCash`	$3.25M	USD	1 Quarter
Cash dividends	`DividendsCommonStockCash`	$3.25M	USD	1 Quarter
Balance	`StockholdersEquity`	$595.41M	USD	Point-in-time
Balance	`StockholdersEquity`	$511.05M	USD	Point-in-time
Balance	`StockholdersEquity`	$614.66M	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.