IMKTA Q3 2016 Earnings Report — Ingles Markets, Incorporated Revenue & Financial Results | Market Cap Arena

Ingles Markets, IncorporatedIMKTA

Q3 2016 Earnings

Reported August 3, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2016	Q2 2016	Q3 2015	QoQ Change	YoY Change
Revenue	$957M	$924M	—	3.6%	—
Op. Income	$32M	$33M	—	-3.8%	—
Gross Margin	24.3%	24.7%	—	-0.4pp	—
Net Margin	1.3%	1.6%	—	-0.2pp	—
EPS (Diluted)	$0.63	$0.71	—	-11.3%	—
Free Cash Flow	$9M	$21M	—	-54.4%	—

Revenue Flow

Item	Amount
REVENUE	$957M
Cost of Revenue	$724M
GROSS PROFIT	$233M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$199M
SG&A Expenses	$199M
Other Expenses	$2M
Operating Expenses	$201M
Cost & Expenses	$925M
OPERATING INCOME	$32M
Interest Income	$0
Interest Expense	$11M
Other Income/Expenses	-$11M
INCOME BEFORE TAX	$21M
Income Tax Expense	$9M
Net Income from Continuing Ops	$13M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$13M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$13M
D&A	$27M
EBIT	$32M
EBITDA	$59M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$957M
Cost of Revenue	$724M
GROSS PROFIT	$233M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$199M
SG&A Expenses	$199M
Other Expenses	$2M
Operating Expenses	$201M
Cost & Expenses	$925M
OPERATING INCOME	$32M
Interest Income	$0
Interest Expense	$11M
Other Income/Expenses	-$11M
INCOME BEFORE TAX	$21M
Income Tax Expense	$9M
Net Income from Continuing Ops	$13M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$13M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$13M
D&A	$27M
EBIT	$32M
EBITDA	$59M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$13M
Depreciation & Amortization	$27M
Stock-Based Compensation	$0
Deferred Income Tax	$4M
Other Non-Cash Items	$1M
Change in Working Capital	$1M
OPERATING CASH FLOW	$46M
Capital Expenditure	-$37M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$43.0K
NET CASH FROM INVESTING	-$37M
Net Debt Issuance	-$10M
Common Stock Repurchased	$0
Common Dividends Paid	-$3M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$13M
FREE CASH FLOW	$9M
Net Change in Cash	-$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$5M
Short-Term Investments	$0
Net Receivables	$73M
Inventory	$342M
Other Current Assets	$10M
TOTAL CURRENT ASSETS	$430M
PP&E (Net)	$1.2B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$19M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$1.7B
Account Payables	$162M
Short-Term Debt	$11M
Deferred Revenue	$0
Other Current Liabilities	$14M
TOTAL CURRENT LIABILITIES	$235M
Long-Term Debt	$888M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$72M
Other Non-Current Liabilities	$36M
TOTAL NON-CURRENT LIABILITIES	$995M
TOTAL LIABILITIES	$1.2B
Common Stock	$1M
Additional Paid-In Capital	$12M
Retained Earnings	$446M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$459M
Minority Interest	$0
TOTAL EQUITY	$459M
TOTAL LIABILITIES & EQUITY	$1.7B
Total Debt	$898M
Net Debt	$893M