10-Q Filing

INGLES MARKETS INC CIK: 50493 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001193125-13-207455`
Period End Date	20130331
Filing Date	20130508
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	imkta-20130330.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 48 Cash Flow Statement 56 Stockholders Equity 15

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`	$4.68M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.42M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.89M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.18M	USD	Point-in-time
Receivables - net	`ReceivablesNetCurrent`	$64.70M	USD	Point-in-time
Receivables - net	`ReceivablesNetCurrent`	$61.52M	USD	Point-in-time
Inventories	`InventoryNet`	$329.61M	USD	Point-in-time
Inventories	`InventoryNet`	$330.25M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$31.10M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$30.39M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$426.20M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$438.24M	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`	$15.73M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$18.77M	USD	Point-in-time
Total Assets	`Assets`	$1.65B	USD	Point-in-time
Total Assets	`Assets`	$1.64B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$49.93M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$49.58M	USD	Point-in-time
Accounts payable - trade	`AccountsPayableTradeCurrent`	$161.62M	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`	$84.04M	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`	$306.15M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$295.24M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$83.20M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$84.12M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$810.43M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$785.24M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$9.18M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$10.19M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.18B	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.20B	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`	$338.62M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$341.96M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$457.41M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$438.74M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$431.95M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$454.07M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.65B	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.64B	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$918.64M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$1.80B	USD	2 Qtrs
Net sales	`SalesRevenueGoodsNet`	$881.67M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$1.85B	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$720.31M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$1.41B	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$1.45B	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$689.23M	USD	1 Quarter
Gross profit	`GrossProfit`	$192.44M	USD	1 Quarter
Gross profit	`GrossProfit`	$394.16M	USD	2 Qtrs
Gross profit	`GrossProfit`	$198.33M	USD	1 Quarter
Gross profit	`GrossProfit`	$406.22M	USD	2 Qtrs
Operating and administrative expenses	`OperatingExpenses`	$340.92M	USD	2 Qtrs
Operating and administrative expenses	`OperatingExpenses`	$169.11M	USD	1 Quarter
Operating and administrative expenses	`OperatingExpenses`	$174.98M	USD	1 Quarter
Operating and administrative expenses	`OperatingExpenses`	$349.82M	USD	2 Qtrs
Rental income, net	`RentalIncomeNonoperating`	$634.13K	USD	2 Qtrs
Rental income, net	`RentalIncomeNonoperating`	$367.92K	USD	1 Quarter
Rental income, net	`RentalIncomeNonoperating`	$318.06K	USD	1 Quarter
Rental income, net	`RentalIncomeNonoperating`	$796.07K	USD	2 Qtrs
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$4.18M	USD	2 Qtrs
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$165.87K	USD	2 Qtrs
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$4.05M	USD	1 Quarter
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$151.17K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$61.20M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$27.72M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$54.20M	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$23.84M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$1.30M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$801.78K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$739.70K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$1.81M	USD	2 Qtrs
Interest expense	`InterestExpense`	$14.94M	USD	1 Quarter
Interest expense	`InterestExpense`	$29.95M	USD	2 Qtrs
Interest expense	`InterestExpense`	$31.28M	USD	2 Qtrs
Interest expense	`InterestExpense`	$15.72M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$31.23M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.74M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$9.70M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$26.06M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$11.57M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$4.65M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$3.19M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$8.95M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$17.11M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$19.66M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$6.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.09M	USD	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$17.11M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$19.66M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$6.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.09M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$44.05M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$47.13M	USD	2 Qtrs
Gain on disposals of property and equipment	`GainLossOnDispositionOfAssets`	$4.18M	USD	2 Qtrs
Gain on disposals of property and equipment	`GainLossOnDispositionOfAssets`	$165.87K	USD	2 Qtrs
Gain on disposals of property and equipment	`GainLossOnDispositionOfAssets`	$4.05M	USD	1 Quarter
Gain on disposals of property and equipment	`GainLossOnDispositionOfAssets`	$151.17K	USD	1 Quarter
Receipt of advance payments on purchase contracts	`ReceiptOfAdvancePaymentsOnPurchasesContracts`	$2.38M	USD	2 Qtrs
Receipt of advance payments on purchase contracts	`ReceiptOfAdvancePaymentsOnPurchasesContracts`	$3.02M	USD	2 Qtrs
Recognition of advance payments on purchase contracts	`RecognitionOfAdvancePaymentsOnPurchasesContracts`	$-1.64M	USD	2 Qtrs
Recognition of advance payments on purchase contracts	`RecognitionOfAdvancePaymentsOnPurchasesContracts`	$-1.75M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-218.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.28M	USD	2 Qtrs
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-703.58K	USD	2 Qtrs
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$3.18M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-1.19M	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$640.03K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.13M	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$5.27M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$15.60M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-12.62M	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$45.02M	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$73.73M	USD	2 Qtrs
Proceeds from sales of restricted investments	`ProceedsFromSaleOfRestrictedInvestments`	$52.49M	USD	2 Qtrs
Proceeds from sales of property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$685.04K	USD	2 Qtrs
Proceeds from sales of property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$7.68M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$47.05M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$103.48M	USD	2 Qtrs
Net Cash Used by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-50.30M	USD	2 Qtrs
Net Cash Used by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-39.37M	USD	2 Qtrs
Proceeds from short-term borrowings	`ProceedsFromLinesOfCredit`	$374.98M	USD	2 Qtrs
Proceeds from short-term borrowings	`ProceedsFromLinesOfCredit`	$411.60M	USD	2 Qtrs
Payments on short-term borrowings	`RepaymentsOfLinesOfCredit`	$389.72M	USD	2 Qtrs
Payments on short-term borrowings	`RepaymentsOfLinesOfCredit`	$374.98M	USD	2 Qtrs
Proceeds from new long-term borrowings	`ProceedsFromIssuanceOfOtherLongTermDebt`	$8.00M	USD	2 Qtrs
Proceeds from new long-term borrowings	`ProceedsFromIssuanceOfOtherLongTermDebt`	$3.25M	USD	2 Qtrs
Principal payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$24.89M	USD	2 Qtrs
Principal payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$5.04M	USD	2 Qtrs
Stock repurchases	`PaymentsForRepurchaseOfCommonStock`	$2.62M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$7.69M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$23.00M	USD	2 Qtrs
Net Cash Provided (Used) by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.84M	USD	2 Qtrs
Net Cash Provided (Used) by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-31.95M	USD	2 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.50M	USD	2 Qtrs
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.53M	USD	2 Qtrs
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`	$3.89M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.18M	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`	$3.89M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$12.18M	USD	Point-in-time

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$457.41M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$438.74M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$431.95M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$454.07M	USD	Point-in-time
Net income	`NetIncomeLoss`	$17.11M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$19.66M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$6.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$8.09M	USD	1 Quarter
Cash dividends	`DividendsCommonStockCash`	$23.00M	USD	2 Qtrs
Cash dividends	`DividendsCommonStockCash`	$7.69M	USD	2 Qtrs
Stock repurchases, at cost	`StockRepurchasedDuringPeriodValue`	$2.62M	USD	2 Qtrs
Ending Balance	`StockholdersEquity`	$457.41M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$438.74M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$431.95M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$454.07M	USD	Point-in-time

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