IMKTA FY 2022 Earnings Report — Ingles Markets, Incorporated Revenue & Financial Results | Market Cap Arena

Ingles Markets, IncorporatedIMKTA

FY 2022 Earnings

Reported November 23, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$5.7B	—	$5.0B	—	13.9%
Op. Income	$377M	—	$350M	—	7.7%
Gross Margin	24.9%	—	26.1%	—	-1.2pp
Net Margin	4.8%	—	5.0%	—	-0.2pp
EPS (Diluted)	$14.36	—	$12.73	—	12.8%
Free Cash Flow	$220M	—	$166M	—	32.7%

Revenue Flow

Item	Amount
REVENUE	$5.7B
Cost of Revenue	$4.3B
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$11M
SG&A Expenses	$11M
Other Expenses	$1.0B
Operating Expenses	$1.0B
Cost & Expenses	$5.3B
OPERATING INCOME	$377M
Interest Income	$0
Interest Expense	$22M
Other Income/Expenses	-$16M
INCOME BEFORE TAX	$361M
Income Tax Expense	$89M
Net Income from Continuing Ops	$273M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$273M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$273M
D&A	$118M
EBIT	$383M
EBITDA	$501M
EPS	$15
EPS Diluted	$14

Income Statement

Item	Amount
REVENUE	$5.7B
Cost of Revenue	$4.3B
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$11M
SG&A Expenses	$11M
Other Expenses	$1.0B
Operating Expenses	$1.0B
Cost & Expenses	$5.3B
OPERATING INCOME	$377M
Interest Income	$0
Interest Expense	$22M
Other Income/Expenses	-$16M
INCOME BEFORE TAX	$361M
Income Tax Expense	$89M
Net Income from Continuing Ops	$273M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$273M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$273M
D&A	$118M
EBIT	$383M
EBITDA	$501M
EPS	$15
EPS Diluted	$14

Cash Flow Statement

Item	Amount
Net Income	$273M
Depreciation & Amortization	$118M
Stock-Based Compensation	$0
Deferred Income Tax	-$4M
Other Non-Cash Items	$6M
Change in Working Capital	-$53M
OPERATING CASH FLOW	$339M
Capital Expenditure	-$120M
Acquisitions (Net)	$0
Purchases of Investments	-$110M
Sales/Maturities of Investments	$115M
Other Investing Activities	$3M
NET CASH FROM INVESTING	-$112M
Net Debt Issuance	-$18M
Common Stock Repurchased	$0
Common Dividends Paid	-$12M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$31M
FREE CASH FLOW	$220M
Net Change in Cash	$197M

Balance Sheet

Item	Amount
Cash & Equivalents	$267M
Short-Term Investments	$0
Net Receivables	$97M
Inventory	$458M
Other Current Assets	$16M
TOTAL CURRENT ASSETS	$838M
PP&E (Net)	$1.4B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$45M
TOTAL NON-CURRENT ASSETS	$1.5B
TOTAL ASSETS	$2.3B
Account Payables	$213M
Short-Term Debt	$18M
Deferred Revenue	$0
Other Current Liabilities	$14M
TOTAL CURRENT LIABILITIES	$334M
Long-Term Debt	$554M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$74M
Other Non-Current Liabilities	$41M
TOTAL NON-CURRENT LIABILITIES	$702M
TOTAL LIABILITIES	$1.0B
Common Stock	$949.7K
Additional Paid-In Capital	$0
Retained Earnings	$1.2B
Treasury Stock	$0
Accum. Other Comp. Income	$12M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$2.3B
Total Debt	$613M
Net Debt	$345M