IMKTA FY 2014 Earnings Report — Ingles Markets, Incorporated Revenue & Financial Results | Market Cap Arena

Ingles Markets, IncorporatedIMKTA

FY 2014 Earnings

Reported December 16, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$3.8B	—	$3.7B	—	2.6%
Op. Income	$123M	—	$126M	—	-1.8%
Gross Margin	22.0%	—	22.1%	—	-0.1pp
Net Margin	1.3%	—	0.6%	—	0.8pp
EPS (Diluted)	$2.27	—	$0.87	—	160.9%
Free Cash Flow	$46M	—	$44M	—	5.2%

Revenue Flow

Item	Amount
REVENUE	$3.8B
Cost of Revenue	$3.0B
GROSS PROFIT	$845M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$723M
SG&A Expenses	$723M
Other Expenses	-$825.9K
Operating Expenses	$722M
Cost & Expenses	$3.7B
OPERATING INCOME	$123M
Interest Income	$0
Interest Expense	$47M
Other Income/Expenses	-$44M
INCOME BEFORE TAX	$80M
Income Tax Expense	$28M
Net Income from Continuing Ops	$51M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$51M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$51M
D&A	$98M
EBIT	$126M
EBITDA	$224M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$3.8B
Cost of Revenue	$3.0B
GROSS PROFIT	$845M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$723M
SG&A Expenses	$723M
Other Expenses	-$825.9K
Operating Expenses	$722M
Cost & Expenses	$3.7B
OPERATING INCOME	$123M
Interest Income	$0
Interest Expense	$47M
Other Income/Expenses	-$44M
INCOME BEFORE TAX	$80M
Income Tax Expense	$28M
Net Income from Continuing Ops	$51M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$51M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$51M
D&A	$98M
EBIT	$126M
EBITDA	$224M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$51M
Depreciation & Amortization	$98M
Stock-Based Compensation	$0
Deferred Income Tax	-$16M
Other Non-Cash Items	-$1M
Change in Working Capital	$23M
OPERATING CASH FLOW	$154M
Capital Expenditure	-$108M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$434.1K
NET CASH FROM INVESTING	-$108M
Net Debt Issuance	$25M
Common Stock Repurchased	-$65M
Common Dividends Paid	-$14M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$55M
FREE CASH FLOW	$46M
Net Change in Cash	-$8M

Balance Sheet

Item	Amount
Cash & Equivalents	$9M
Short-Term Investments	$0
Net Receivables	$61M
Inventory	$330M
Other Current Assets	$15M
TOTAL CURRENT ASSETS	$414M
PP&E (Net)	$1.2B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$24M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$1.7B
Account Payables	$167M
Short-Term Debt	$12M
Deferred Revenue	$0
Other Current Liabilities	$10M
TOTAL CURRENT LIABILITIES	$251M
Long-Term Debt	$925M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$70M
Other Non-Current Liabilities	$29M
TOTAL NON-CURRENT LIABILITIES	$1.0B
TOTAL LIABILITIES	$1.3B
Common Stock	$1M
Additional Paid-In Capital	$12M
Retained Earnings	$369M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$383M
Minority Interest	$0
TOTAL EQUITY	$383M
TOTAL LIABILITIES & EQUITY	$1.7B
Total Debt	$937M
Net Debt	$929M