IMKTA FY 2010 Earnings Report — Ingles Markets, Incorporated Revenue & Financial Results | Market Cap Arena

Ingles Markets, IncorporatedIMKTA

FY 2010 Earnings

Reported November 30, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$3.4B	—	$3.3B	—	4.3%
Op. Income	$109M	—	$113M	—	-3.3%
Gross Margin	22.5%	—	22.9%	—	-0.4pp
Net Margin	0.9%	—	0.9%	—	0.0pp
EPS (Diluted)	$1.30	—	$1.18	—	10.2%
Free Cash Flow	$33M	—	-$38M	—	187.3%

Revenue Flow

Item	Amount
REVENUE	$3.4B
Cost of Revenue	$2.6B
GROSS PROFIT	$763M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$655M
Other Expenses	-$2M
Operating Expenses	$653M
Cost & Expenses	$3.3B
OPERATING INCOME	$109M
Interest Income	$0
Interest Expense	$65M
Other Income/Expenses	-$61M
INCOME BEFORE TAX	$49M
Income Tax Expense	$18M
Net Income from Continuing Ops	$31M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$31M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$31M
D&A	$85M
EBIT	$114M
EBITDA	$199M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.4B
Cost of Revenue	$2.6B
GROSS PROFIT	$763M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$655M
Other Expenses	-$2M
Operating Expenses	$653M
Cost & Expenses	$3.3B
OPERATING INCOME	$109M
Interest Income	$0
Interest Expense	$65M
Other Income/Expenses	-$61M
INCOME BEFORE TAX	$49M
Income Tax Expense	$18M
Net Income from Continuing Ops	$31M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$31M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$31M
D&A	$85M
EBIT	$114M
EBITDA	$199M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$31M
Depreciation & Amortization	$85M
Stock-Based Compensation	$0
Deferred Income Tax	$5M
Other Non-Cash Items	-$475.5K
Change in Working Capital	$5M
OPERATING CASH FLOW	$125M
Capital Expenditure	-$92M
Acquisitions (Net)	$0
Purchases of Investments	-$4M
Sales/Maturities of Investments	$15M
Other Investing Activities	$1M
NET CASH FROM INVESTING	-$79M
Net Debt Issuance	-$32M
Common Stock Repurchased	-$593.2K
Common Dividends Paid	-$15M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$48M
FREE CASH FLOW	$33M
Net Change in Cash	-$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$58M
Short-Term Investments	$0
Net Receivables	$53M
Inventory	$286M
Other Current Assets	$23M
TOTAL CURRENT ASSETS	$420M
PP&E (Net)	$1.1B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$20M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$1.5B
Account Payables	$142M
Short-Term Debt	$92M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$311M
Long-Term Debt	$725M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$72M
Other Non-Current Liabilities	$7M
TOTAL NON-CURRENT LIABILITIES	$804M
TOTAL LIABILITIES	$1.1B
Common Stock	$1M
Additional Paid-In Capital	$118M
Retained Earnings	$295M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$414M
Minority Interest	$0
TOTAL EQUITY	$414M
TOTAL LIABILITIES & EQUITY	$1.5B
Total Debt	$817M
Net Debt	$760M