10-Q Filing

INGLES MARKETS INC CIK: 50493 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-328801`
Period End Date	20120630
Filing Date	20120801
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	imkta-20120623.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 48 Cash Flow Statement 59 Stockholders Equity 16

Balance Sheet 54 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`	$57.85M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.42M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.86M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.31M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Receivables - net	`ReceivablesNetCurrent`	$56.82M	USD	Point-in-time
Receivables - net	`ReceivablesNetCurrent`	$56.84M	USD	Point-in-time
Inventories	`InventoryNet`	$316.34M	USD	Point-in-time
Inventories	`InventoryNet`	$303.17M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$20.82M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$16.94M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$389.36M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$400.29M	USD	Point-in-time
Property and Equipment - Net	`PropertyPlantAndEquipmentNet`	$1.19B	USD	Point-in-time
Property and Equipment - Net	`PropertyPlantAndEquipmentNet`	$1.13B	USD	Point-in-time
Restricted Investments	`RestrictedInvestmentsNoncurrent`	-	USD	Point-in-time
Restricted Investments	`RestrictedInvestmentsNoncurrent`	$75.73M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$20.05M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$19.36M	USD	Point-in-time
Total Assets	`Assets`	$1.62B	USD	Point-in-time
Total Assets	`Assets`	$1.61B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$34.38M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$33.52M	USD	Point-in-time
Accounts payable - trade	`AccountsPayableTradeCurrent`	$165.79M	USD	Point-in-time
Accounts payable - trade	`AccountsPayableTradeCurrent`	$166.80M	USD	Point-in-time
Accrued expenses and current portion of other long-term liabilities	`OtherAccountsPayableAndAccruedLiabilities`	$89.32M	USD	Point-in-time
Accrued expenses and current portion of other long-term liabilities	`OtherAccountsPayableAndAccruedLiabilities`	$74.75M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$290.50M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$274.07M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$69.86M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$67.94M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$820.74M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$812.55M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$7.23M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$8.20M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.19B	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.16B	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`	$114.24M	USD	Point-in-time
Paid-in capital in excess of par value	`AdditionalPaidInCapital`	$116.84M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$313.88M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$332.52M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$425.05M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$409.08M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$447.97M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$431.95M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.61B	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.62B	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$917.76M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$2.72B	USD	3 Qtrs
Net sales	`SalesRevenueGoodsNet`	$2.65B	USD	3 Qtrs
Net sales	`SalesRevenueGoodsNet`	$910.98M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$711.80M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$2.06B	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$2.12B	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$709.64M	USD	1 Quarter
Gross profit	`GrossProfit`	$205.95M	USD	1 Quarter
Gross profit	`GrossProfit`	$600.12M	USD	3 Qtrs
Gross profit	`GrossProfit`	$201.34M	USD	1 Quarter
Gross profit	`GrossProfit`	$589.46M	USD	3 Qtrs
Operating and administrative expenses	`OperatingExpenses`	$172.25M	USD	1 Quarter
Operating and administrative expenses	`OperatingExpenses`	$513.18M	USD	3 Qtrs
Operating and administrative expenses	`OperatingExpenses`	$505.59M	USD	3 Qtrs
Operating and administrative expenses	`OperatingExpenses`	$169.76M	USD	1 Quarter
Rental income, net	`RentalIncomeNonoperating`	$515.11K	USD	1 Quarter
Rental income, net	`RentalIncomeNonoperating`	$1.44M	USD	3 Qtrs
Rental income, net	`RentalIncomeNonoperating`	$575.42K	USD	1 Quarter
Rental income, net	`RentalIncomeNonoperating`	$1.31M	USD	3 Qtrs
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$2.66M	USD	1 Quarter
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$514.42K	USD	1 Quarter
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$2.68M	USD	3 Qtrs
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$680.29K	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$34.81M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$34.73M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$88.93M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$87.99M	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$890.74K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$2.70M	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$3.15M	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$945.42K	USD	1 Quarter
Interest expense	`InterestExpense`	$14.90M	USD	1 Quarter
Interest expense	`InterestExpense`	$15.34M	USD	1 Quarter
Interest expense	`InterestExpense`	$44.85M	USD	3 Qtrs
Interest expense	`InterestExpense`	$46.91M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$20.41M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$44.22M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$20.72M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$46.78M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$7.68M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$7.66M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$16.12M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$16.61M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$12.72M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.06M	USD	1 Quarter
Net income	`NetIncomeLoss`	$28.10M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$30.17M	USD	3 Qtrs

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$12.72M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.06M	USD	1 Quarter
Net income	`NetIncomeLoss`	$28.10M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$30.17M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$66.88M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$63.81M	USD	3 Qtrs
Gain on disposals of property and equipment	`GainLossOnDispositionOfAssets`	$2.66M	USD	1 Quarter
Gain on disposals of property and equipment	`GainLossOnDispositionOfAssets`	$514.42K	USD	1 Quarter
Gain on disposals of property and equipment	`GainLossOnDispositionOfAssets`	$2.68M	USD	3 Qtrs
Gain on disposals of property and equipment	`GainLossOnDispositionOfAssets`	$680.29K	USD	3 Qtrs
Receipt of advance payments on purchases contracts	`ReceiptOfAdvancePaymentsOnPurchasesContracts`	$2.71M	USD	3 Qtrs
Receipt of advance payments on purchases contracts	`ReceiptOfAdvancePaymentsOnPurchasesContracts`	$2.98M	USD	3 Qtrs
Recognition of advance payments on purchases contracts	`RecognitionOfAdvancePaymentsOnPurchasesContracts`	$-2.09M	USD	3 Qtrs
Recognition of advance payments on purchases contracts	`RecognitionOfAdvancePaymentsOnPurchasesContracts`	$-2.39M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$550.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-5.95M	USD	3 Qtrs
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-21.90K	USD	3 Qtrs
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$4.13M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$18.95M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$13.17M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$5.19M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-65.71K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$5.74M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$13.29M	USD	3 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$84.90M	USD	3 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$74.18M	USD	3 Qtrs
Proceeds from maturities of certificates of deposit	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$6.00M	USD	3 Qtrs
Purchases of restricted investments	`PaymentsToAcquireRestrictedInvestments`	$95.74M	USD	3 Qtrs
Proceeds from sales of restricted investments	`ProceedsFromSaleOfRestrictedInvestments`	$75.73M	USD	3 Qtrs
Proceeds from sales of property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$111.56K	USD	3 Qtrs
Proceeds from sales of property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$1.34M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$63.02M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$144.89M	USD	3 Qtrs
Net Cash Used by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-67.82M	USD	3 Qtrs
Net Cash Used by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-152.65M	USD	3 Qtrs
Proceeds from short-term borrowings	`ProceedsFromLinesOfCredit`	$610.61M	USD	3 Qtrs
Proceeds from short-term borrowings	`ProceedsFromLinesOfCredit`	$172.83M	USD	3 Qtrs
Payments on short-term borrowings	`RepaymentsOfLinesOfCredit`	$172.83M	USD	3 Qtrs
Payments on short-term borrowings	`RepaymentsOfLinesOfCredit`	$590.61M	USD	3 Qtrs
Proceeds from long-term borrowings	`ProceedsFromIssuanceOfOtherLongTermDebt`	$3.25M	USD	3 Qtrs
Proceeds from long-term borrowings	`ProceedsFromIssuanceOfOtherLongTermDebt`	$99.74M	USD	3 Qtrs
Principal payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$32.30M	USD	3 Qtrs
Principal payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$60.14M	USD	3 Qtrs
Common stock repurchases	`PaymentsForRepurchaseOfCommonStock`	$2.62M	USD	3 Qtrs
Common stock repurchases	`PaymentsForRepurchaseOfCommonStock`	$543.46K	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$11.53M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$11.58M	USD	3 Qtrs
Net Cash Provided (Used) by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-23.19M	USD	3 Qtrs
Net Cash Provided (Used) by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$27.47M	USD	3 Qtrs
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-50.99M	USD	3 Qtrs
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.11M	USD	3 Qtrs
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$57.85M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$12.42M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$6.86M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$6.31M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$57.85M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$12.42M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$6.86M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$6.31M	USD	Point-in-time

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$425.05M	USD	Point-in-time
Balance	`StockholdersEquity`	$409.08M	USD	Point-in-time
Balance	`StockholdersEquity`	$447.97M	USD	Point-in-time
Balance	`StockholdersEquity`	$431.95M	USD	Point-in-time
Net income	`NetIncomeLoss`	$12.72M	USD	1 Quarter
Net income	`NetIncomeLoss`	$13.06M	USD	1 Quarter
Net income	`NetIncomeLoss`	$28.10M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$30.17M	USD	3 Qtrs
Cash dividends	`DividendsCommonStockCash`	$11.58M	USD	3 Qtrs
Cash dividends	`DividendsCommonStockCash`	$11.53M	USD	3 Qtrs
Stock repurchases, at cost	`StockRepurchasedDuringPeriodValue`	$2.62M	USD	3 Qtrs
Stock repurchases, at cost	`StockRepurchasedDuringPeriodValue`	$543.46K	USD	3 Qtrs
Balance	`StockholdersEquity`	$425.05M	USD	Point-in-time
Balance	`StockholdersEquity`	$409.08M	USD	Point-in-time
Balance	`StockholdersEquity`	$447.97M	USD	Point-in-time
Balance	`StockholdersEquity`	$431.95M	USD	Point-in-time

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