IMKTA FY 2016 Earnings Report — Ingles Markets, Incorporated Revenue & Financial Results | Market Cap Arena

Ingles Markets, IncorporatedIMKTA

FY 2016 Earnings

Reported December 16, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$3.8B	—	$3.8B	—	0.4%
Op. Income	$129M	—	$139M	—	-7.6%
Gross Margin	24.4%	—	23.6%	—	0.7pp
Net Margin	1.4%	—	1.6%	—	-0.1pp
EPS (Diluted)	$2.67	—	$2.93	—	-8.9%
Free Cash Flow	$21M	—	$49M	—	-56.7%

Revenue Flow

Item	Amount
REVENUE	$3.8B
Cost of Revenue	$2.9B
GROSS PROFIT	$924M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$795M
SG&A Expenses	$795M
Other Expenses	$1M
Operating Expenses	$796M
Cost & Expenses	$3.7B
OPERATING INCOME	$129M
Interest Income	$0
Interest Expense	$46M
Other Income/Expenses	-$44M
INCOME BEFORE TAX	$85M
Income Tax Expense	$30M
Net Income from Continuing Ops	$54M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$54M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$54M
D&A	$107M
EBIT	$131M
EBITDA	$238M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$3.8B
Cost of Revenue	$2.9B
GROSS PROFIT	$924M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$795M
SG&A Expenses	$795M
Other Expenses	$1M
Operating Expenses	$796M
Cost & Expenses	$3.7B
OPERATING INCOME	$129M
Interest Income	$0
Interest Expense	$46M
Other Income/Expenses	-$44M
INCOME BEFORE TAX	$85M
Income Tax Expense	$30M
Net Income from Continuing Ops	$54M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$54M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$54M
D&A	$107M
EBIT	$131M
EBITDA	$238M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$54M
Depreciation & Amortization	$107M
Stock-Based Compensation	$0
Deferred Income Tax	$7M
Other Non-Cash Items	$1M
Change in Working Capital	-$10M
OPERATING CASH FLOW	$159M
Capital Expenditure	-$138M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$758.5K
NET CASH FROM INVESTING	-$137M
Net Debt Issuance	-$11M
Common Stock Repurchased	$0
Common Dividends Paid	-$13M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$24M
FREE CASH FLOW	$21M
Net Change in Cash	-$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$6M
Short-Term Investments	$0
Net Receivables	$62M
Inventory	$344M
Other Current Assets	$7M
TOTAL CURRENT ASSETS	$418M
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	$1.3B
TOTAL ASSETS	$1.7B
Account Payables	$155M
Short-Term Debt	$10M
Deferred Revenue	$0
Other Current Liabilities	$12M
TOTAL CURRENT LIABILITIES	$242M
Long-Term Debt	$866M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$71M
Other Non-Current Liabilities	$37M
TOTAL NON-CURRENT LIABILITIES	$975M
TOTAL LIABILITIES	$1.2B
Common Stock	$1M
Additional Paid-In Capital	$12M
Retained Earnings	$457M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$470M
Minority Interest	$0
TOTAL EQUITY	$470M
TOTAL LIABILITIES & EQUITY	$1.7B
Total Debt	$876M
Net Debt	$871M