10-Q Filing

INGLES MARKETS INC CIK: 50493 Q3 2013

Filing Information

Form Type	10-Q
Accession Number	`0001562762-13-000211`
Period End Date	20130630
Filing Date	20130806
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	imkt-20130629.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 50 Cash Flow Statement 62 Stockholders Equity 16

Balance Sheet 48 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`	$6.31M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.42M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.55M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.68M	USD	Point-in-time
Receivables - net	`ReceivablesNetCurrent`	$59.96M	USD	Point-in-time
Receivables - net	`ReceivablesNetCurrent`	$61.52M	USD	Point-in-time
Inventories	`InventoryNet`	$334.54M	USD	Point-in-time
Inventories	`InventoryNet`	$329.61M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$30.39M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$40.38M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$426.20M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$439.44M	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`	$21.94M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$18.77M	USD	Point-in-time
Total Assets	`Assets`	$1.66B	USD	Point-in-time
Total Assets	`Assets`	$1.64B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$20.79M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$49.93M	USD	Point-in-time
Accounts payable - trade	`AccountsPayableTradeCurrent`	$163.54M	USD	Point-in-time
Accounts payable - trade	`AccountsPayableTradeCurrent`	$155.42M	USD	Point-in-time
Accrued expenses and current portion of other long-term liabilities	`OtherAccountsPayableAccruedLiabilitiesDividendsDeclared`	$58.98M	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`	$235.19M	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`	$85.76M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$785.24M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$913.72M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$9.18M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$26.31M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.18B	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.26B	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`	$77.19M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$341.96M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$320.36M	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 Stockholders' Equity	`StockholdersEquity`	$398.69M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$457.41M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.66B	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.64B	USD	Point-in-time

Income Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$2.78B	USD	3 Qtrs
Net sales	`SalesRevenueGoodsNet`	$917.76M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$931.91M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$2.72B	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$711.80M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$2.17B	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$721.58M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$2.12B	USD	3 Qtrs
Gross profit	`GrossProfit`	$210.33M	USD	1 Quarter
Gross profit	`GrossProfit`	$616.54M	USD	3 Qtrs
Gross profit	`GrossProfit`	$205.95M	USD	1 Quarter
Gross profit	`GrossProfit`	$600.12M	USD	3 Qtrs
Operating and administrative expenses	`OperatingExpenses`	$513.18M	USD	3 Qtrs
Operating and administrative expenses	`OperatingExpenses`	$177.81M	USD	1 Quarter
Operating and administrative expenses	`OperatingExpenses`	$527.64M	USD	3 Qtrs
Operating and administrative expenses	`OperatingExpenses`	$172.25M	USD	1 Quarter
Rental income, net	`RentalIncomeNonoperating`	$325.45K	USD	1 Quarter
Rental income, net	`RentalIncomeNonoperating`	$515.11K	USD	1 Quarter
Rental income, net	`RentalIncomeNonoperating`	$959.58K	USD	3 Qtrs
Rental income, net	`RentalIncomeNonoperating`	$1.31M	USD	3 Qtrs
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$62.17K	USD	1 Quarter
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$514.42K	USD	1 Quarter
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$680.29K	USD	3 Qtrs
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$4.24M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$34.73M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$94.11M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$32.90M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$88.93M	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$2.08M	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$2.70M	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$778.32K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$890.74K	USD	1 Quarter
Interest expense	`InterestExpense`	$14.90M	USD	1 Quarter
Interest expense	`InterestExpense`	$16.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$44.85M	USD	3 Qtrs
Interest expense	`InterestExpense`	$47.28M	USD	3 Qtrs
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-43.09M	USD	3 Qtrs
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-43.09M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$46.78M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-25.41M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$20.72M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$5.82M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$-10.98M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$584.00K	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$7.66M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$16.61M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$5.23M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$-14.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$30.17M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$13.06M	USD	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$5.23M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$-14.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$30.17M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$13.06M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$66.88M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$71.08M	USD	3 Qtrs
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-43.09M	USD	3 Qtrs
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-43.09M	USD	1 Quarter
Gain on disposals of property and equipment	`GainLossOnDispositionOfAssets`	$62.17K	USD	1 Quarter
Gain on disposals of property and equipment	`GainLossOnDispositionOfAssets`	$514.42K	USD	1 Quarter
Gain on disposals of property and equipment	`GainLossOnDispositionOfAssets`	$680.29K	USD	3 Qtrs
Gain on disposals of property and equipment	`GainLossOnDispositionOfAssets`	$4.24M	USD	3 Qtrs
Receipt of advance payments on purchase contracts	`ReceiptOfAdvancePaymentsOnPurchasesContracts`	$3.22M	USD	3 Qtrs
Receipt of advance payments on purchase contracts	`ReceiptOfAdvancePaymentsOnPurchasesContracts`	$2.98M	USD	3 Qtrs
Recognition of advance payments on purchase contracts	`RecognitionOfAdvancePaymentsOnPurchasesContracts`	$-2.63M	USD	3 Qtrs
Recognition of advance payments on purchase contracts	`RecognitionOfAdvancePaymentsOnPurchasesContracts`	$-2.39M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$550.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$479.00K	USD	3 Qtrs
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-21.90K	USD	3 Qtrs
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-1.56M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$4.93M	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$13.17M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$5.19M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$10.92M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$5.74M	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-19.88M	USD	3 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$84.90M	USD	3 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$82.06M	USD	3 Qtrs
Proceeds from sales of restricted investments	`ProceedsFromSaleOfRestrictedInvestments`	$75.73M	USD	3 Qtrs
Proceeds from sales of property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$1.34M	USD	3 Qtrs
Proceeds from sales of property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$7.73M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$76.78M	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`	$-69.04M	USD	3 Qtrs
Proceeds from short-term borrowings	`ProceedsFromLinesOfCredit`	$610.61M	USD	3 Qtrs
Proceeds from short-term borrowings	`ProceedsFromLinesOfCredit`	$566.23M	USD	3 Qtrs
Payments on short-term borrowings	`RepaymentsOfLinesOfCredit`	$602.88M	USD	3 Qtrs
Payments on short-term borrowings	`RepaymentsOfLinesOfCredit`	$590.61M	USD	3 Qtrs
Proceeds from issuance of bonds	`ProceedsFromIssuanceOfBond`	$700.00M	USD	3 Qtrs
Bond issuance costs	`PaymentsOfDebtIssuanceCosts`	$9.32M	USD	3 Qtrs
Proceeds from other long-term borrowings	`ProceedsFromIssuanceOfOtherLongTermDebt`	$3.25M	USD	3 Qtrs
Proceeds from other long-term borrowings	`ProceedsFromIssuanceOfOtherLongTermDebt`	$8.00M	USD	3 Qtrs
Principal payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$583.46M	USD	3 Qtrs
Principal payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$32.30M	USD	3 Qtrs
Prepayment penalties on debt extinguishment	`PaymentsOfDebtExtinguishmentCosts`	$27.76M	USD	3 Qtrs
Stock repurchases	`PaymentsForRepurchaseOfCommonStock`	$37.12M	USD	3 Qtrs
Stock repurchases	`PaymentsForRepurchaseOfCommonStock`	$2.62M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$26.83M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$11.53M	USD	3 Qtrs
Net Cash Used by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-13.14M	USD	3 Qtrs
Net Cash Used by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-23.19M	USD	3 Qtrs
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.11M	USD	3 Qtrs
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-130.84K	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.31M	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`	$4.55M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.68M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$6.31M	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`	$4.55M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$4.68M	USD	Point-in-time

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$447.97M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$431.95M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$398.69M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$457.41M	USD	Point-in-time
Net income	`NetIncomeLoss`	$5.23M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$-14.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$30.17M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$13.06M	USD	1 Quarter
Cash dividends	`DividendsCommonStockCash`	$26.83M	USD	3 Qtrs
Cash dividends	`DividendsCommonStockCash`	$11.53M	USD	3 Qtrs
Stock repurchases, at cost	`StockRepurchasedDuringPeriodValue`	$37.12M	USD	3 Qtrs
Stock repurchases, at cost	`StockRepurchasedDuringPeriodValue`	$2.62M	USD	3 Qtrs
Ending Balance	`StockholdersEquity`	$447.97M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$431.95M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$398.69M	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.