IMKTA FY 2015 Earnings Report — Ingles Markets, Incorporated Revenue & Financial Results | Market Cap Arena

Ingles Markets, IncorporatedIMKTA

FY 2015 Earnings

Reported December 10, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$3.8B	—	$3.8B	—	-1.5%
Op. Income	$139M	—	$123M	—	12.8%
Gross Margin	23.6%	—	22.0%	—	1.6pp
Net Margin	1.6%	—	1.3%	—	0.2pp
EPS (Diluted)	$2.93	—	$2.27	—	29.1%
Free Cash Flow	$49M	—	$46M	—	7.4%

Revenue Flow

Item	Amount
REVENUE	$3.8B
Cost of Revenue	$2.9B
GROSS PROFIT	$893M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$756M
SG&A Expenses	$756M
Other Expenses	-$2M
Operating Expenses	$754M
Cost & Expenses	$3.6B
OPERATING INCOME	$139M
Interest Income	$0
Interest Expense	$47M
Other Income/Expenses	-$45M
INCOME BEFORE TAX	$94M
Income Tax Expense	$35M
Net Income from Continuing Ops	$59M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$59M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$59M
D&A	$103M
EBIT	$141M
EBITDA	$244M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$3.8B
Cost of Revenue	$2.9B
GROSS PROFIT	$893M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$756M
SG&A Expenses	$756M
Other Expenses	-$2M
Operating Expenses	$754M
Cost & Expenses	$3.6B
OPERATING INCOME	$139M
Interest Income	$0
Interest Expense	$47M
Other Income/Expenses	-$45M
INCOME BEFORE TAX	$94M
Income Tax Expense	$35M
Net Income from Continuing Ops	$59M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$59M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$59M
D&A	$103M
EBIT	$141M
EBITDA	$244M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$59M
Depreciation & Amortization	$103M
Stock-Based Compensation	$0
Deferred Income Tax	$2M
Other Non-Cash Items	-$2M
Change in Working Capital	-$9M
OPERATING CASH FLOW	$153M
Capital Expenditure	-$104M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$4M
NET CASH FROM INVESTING	-$100M
Net Debt Issuance	-$42M
Common Stock Repurchased	$0
Common Dividends Paid	-$13M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$55M
FREE CASH FLOW	$49M
Net Change in Cash	-$1M

Balance Sheet

Item	Amount
Cash & Equivalents	$8M
Short-Term Investments	$0
Net Receivables	$66M
Inventory	$339M
Other Current Assets	$11M
TOTAL CURRENT ASSETS	$424M
PP&E (Net)	$1.2B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$20M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$1.7B
Account Payables	$166M
Short-Term Debt	$11M
Deferred Revenue	$0
Other Current Liabilities	$12M
TOTAL CURRENT LIABILITIES	$252M
Long-Term Debt	$875M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$65M
Other Non-Current Liabilities	$35M
TOTAL NON-CURRENT LIABILITIES	$974M
TOTAL LIABILITIES	$1.2B
Common Stock	$1M
Additional Paid-In Capital	$12M
Retained Earnings	$416M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$429M
Minority Interest	$0
TOTAL EQUITY	$429M
TOTAL LIABILITIES & EQUITY	$1.7B
Total Debt	$886M
Net Debt	$879M