10-Q Filing

INGLES MARKETS INC CIK: 50493 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001193125-13-043689`
Period End Date	20121231
Filing Date	20130207
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	imkta-20121229.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 24 Cash Flow Statement 51 Stockholders Equity 13

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`	$9.84M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.68M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.42M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.45M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Receivables-net	`ReceivablesNetCurrent`	$61.52M	USD	Point-in-time
Receivables-net	`ReceivablesNetCurrent`	$61.45M	USD	Point-in-time
Inventories	`InventoryNet`	$329.61M	USD	Point-in-time
Inventories	`InventoryNet`	$343.25M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$30.39M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$31.32M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$445.46M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$426.20M	USD	Point-in-time
Property and Equipment - Net	`PropertyPlantAndEquipmentNet`	$1.20B	USD	Point-in-time
Property and Equipment - Net	`PropertyPlantAndEquipmentNet`	$1.20B	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$18.77M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$15.30M	USD	Point-in-time
Total Assets	`Assets`	$1.64B	USD	Point-in-time
Total Assets	`Assets`	$1.66B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$49.93M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$50.41M	USD	Point-in-time
Accounts payable - trade	`AccountsPayableTradeCurrent`	$156.94M	USD	Point-in-time
Accounts payable - trade	`AccountsPayableTradeCurrent`	$163.54M	USD	Point-in-time
Accrued expenses and current portion of other long-term liabilities	`OtherAccountsPayableAccruedLiabilitiesDividendsDeclared`	$89.06M	USD	Point-in-time
Accrued expenses and current portion of other long-term liabilities	`OtherAccountsPayableAccruedLiabilitiesDividendsDeclared`	$92.68M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$296.41M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$306.15M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$84.12M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$82.79M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$826.59M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$785.24M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$9.71M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$9.18M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.22B	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.18B	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`	$114.24M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$341.96M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$330.53M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$436.30M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$431.95M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$445.98M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$457.41M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.64B	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.66B	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$918.24M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$932.79M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$716.51M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$724.90M	USD	1 Quarter
Gross profit	`GrossProfit`	$207.89M	USD	1 Quarter
Gross profit	`GrossProfit`	$201.73M	USD	1 Quarter
Operating and administrative expenses	`OperatingExpenses`	$174.85M	USD	1 Quarter
Operating and administrative expenses	`OperatingExpenses`	$171.81M	USD	1 Quarter
Rental income, net	`RentalIncomeNonoperating`	$316.07K	USD	1 Quarter
Rental income, net	`RentalIncomeNonoperating`	$428.15K	USD	1 Quarter
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$14.70K	USD	1 Quarter
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$121.55K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$33.48M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$30.36M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$1.00M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$564.19K	USD	1 Quarter
Interest expense	`InterestExpense`	$15.56M	USD	1 Quarter
Interest expense	`InterestExpense`	$15.01M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$18.49M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$16.36M	USD	1 Quarter
Income Tax Expense	`IncomeTaxExpenseBenefit`	$6.92M	USD	1 Quarter
Income Tax Expense	`IncomeTaxExpenseBenefit`	$5.76M	USD	1 Quarter
Net income	`NetIncomeLoss`	$11.57M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.60M	USD	1 Quarter

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$11.57M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.60M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$22.12M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$23.62M	USD	1 Quarter
Gains on disposals of property and equipment	`GainLossOnDispositionOfAssets`	$14.70K	USD	1 Quarter
Gains on disposals of property and equipment	`GainLossOnDispositionOfAssets`	$121.55K	USD	1 Quarter
Receipt of advance payments on purchases contracts	`ReceiptOfAdvancePaymentsOnPurchasesContracts`	$750.00K	USD	1 Quarter
Receipt of advance payments on purchases contracts	`ReceiptOfAdvancePaymentsOnPurchasesContracts`	$1.26M	USD	1 Quarter
Recognition of advance payments on purchases contracts	`RecognitionOfAdvancePaymentsOnPurchasesContracts`	$-873.39K	USD	1 Quarter
Recognition of advance payments on purchases contracts	`RecognitionOfAdvancePaymentsOnPurchasesContracts`	$-900.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-2.27M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.28M	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$13.30M	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-68.99K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-3.99M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$13.63M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$190.34K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$233.91K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-25.70M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-13.41M	USD	1 Quarter
Net Cash (Used) Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.32M	USD	1 Quarter
Net Cash (Used) Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$7.37M	USD	1 Quarter
Proceeds from sales of restricted investments	`ProceedsFromSaleOfRestrictedInvestments`	$32.59M	USD	1 Quarter
Proceeds from sales of property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$171.85K	USD	1 Quarter
Proceeds from sales of property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$11.25K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$28.08M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$63.69M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-27.91M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-31.09M	USD	1 Quarter
Proceeds from short-term borrowings	`ProceedsFromLinesOfCredit`	$222.22M	USD	1 Quarter
Proceeds from short-term borrowings	`ProceedsFromLinesOfCredit`	$271.81M	USD	1 Quarter
Payments on short-term borrowings	`RepaymentsOfLinesOfCredit`	$227.09M	USD	1 Quarter
Payments on short-term borrowings	`RepaymentsOfLinesOfCredit`	$178.05M	USD	1 Quarter
Proceeds from new long-term borrowings	`ProceedsFromIssuanceOfOtherLongTermDebt`	$3.25M	USD	1 Quarter
Principal payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$2.88M	USD	1 Quarter
Principal payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$20.05M	USD	1 Quarter
Stock repurchases	`PaymentsForRepurchaseOfCommonStock`	$2.38M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$3.83M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$3.86M	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$21.14M	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$38.00M	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.58M	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.77M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.84M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.68M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.42M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.45M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$9.84M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$4.68M	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`	$9.45M	USD	Point-in-time

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$436.30M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$431.95M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$445.98M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$457.41M	USD	Point-in-time
Net income	`NetIncomeLoss`	$11.57M	USD	1 Quarter
Net income	`NetIncomeLoss`	$10.60M	USD	1 Quarter
Cash dividends declared	`DividendsCommonStockCash`	$23.00M	USD	1 Quarter
Cash dividends declared	`DividendsCommonStockCash`	$3.86M	USD	1 Quarter
Stock repurchases, at cost	`StockRepurchasedDuringPeriodValue`	$2.38M	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$436.30M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$431.95M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$445.98M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$457.41M	USD	Point-in-time

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