IMKTA FY 2013 Earnings Report — Ingles Markets, Incorporated Revenue & Financial Results | Market Cap Arena

Ingles Markets, IncorporatedIMKTA

FY 2013 Earnings

Reported December 12, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$3.7B	—	$3.7B	—	0.5%
Op. Income	$126M	—	$124M	—	1.4%
Gross Margin	22.1%	—	22.1%	—	0.1pp
Net Margin	0.6%	—	1.2%	—	-0.6pp
EPS (Diluted)	$0.87	—	$1.79	—	-51.4%
Free Cash Flow	$44M	—	-$47M	—	193.3%

Revenue Flow

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$2.9B
GROSS PROFIT	$828M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$706M
SG&A Expenses	$706M
Other Expenses	-$4M
Operating Expenses	$702M
Cost & Expenses	$3.6B
OPERATING INCOME	$126M
Interest Income	$0
Interest Expense	$59M
Other Income/Expenses	-$99M
INCOME BEFORE TAX	$26M
Income Tax Expense	$5M
Net Income from Continuing Ops	$21M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$21M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$21M
D&A	$95M
EBIT	$85M
EBITDA	$180M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$2.9B
GROSS PROFIT	$828M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$706M
SG&A Expenses	$706M
Other Expenses	-$4M
Operating Expenses	$702M
Cost & Expenses	$3.6B
OPERATING INCOME	$126M
Interest Income	$0
Interest Expense	$59M
Other Income/Expenses	-$99M
INCOME BEFORE TAX	$26M
Income Tax Expense	$5M
Net Income from Continuing Ops	$21M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$21M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$21M
D&A	$95M
EBIT	$85M
EBITDA	$180M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$21M
Depreciation & Amortization	$95M
Stock-Based Compensation	$0
Deferred Income Tax	$7M
Other Non-Cash Items	$39M
Change in Working Capital	-$17M
OPERATING CASH FLOW	$145M
Capital Expenditure	-$101M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$8M
NET CASH FROM INVESTING	-$94M
Net Debt Issuance	$38M
Common Stock Repurchased	-$37M
Common Dividends Paid	-$30M
Other Financing Activities	-$10M
NET CASH FROM FINANCING	-$39M
FREE CASH FLOW	$44M
Net Change in Cash	$12M

Balance Sheet

Item	Amount
Cash & Equivalents	$17M
Short-Term Investments	$0
Net Receivables	$60M
Inventory	$330M
Other Current Assets	$28M
TOTAL CURRENT ASSETS	$435M
PP&E (Net)	$1.2B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$23M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$1.7B
Account Payables	$160M
Short-Term Debt	$19M
Deferred Revenue	$0
Other Current Liabilities	$10M
TOTAL CURRENT LIABILITIES	$251M
Long-Term Debt	$894M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$86M
Other Non-Current Liabilities	$28M
TOTAL NON-CURRENT LIABILITIES	$1.0B
TOTAL LIABILITIES	$1.3B
Common Stock	$1M
Additional Paid-In Capital	$77M
Retained Earnings	$332M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$411M
Minority Interest	$0
TOTAL EQUITY	$411M
TOTAL LIABILITIES & EQUITY	$1.7B
Total Debt	$912M
Net Debt	$896M