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BUSINESS SEGMENTS
6 Months Ended
Mar. 31, 2012
BUSINESS SEGMENTS  
BUSINESS SEGMENTS

10. BUSINESS SEGMENTS

 

AMCON has two reportable business segments: the wholesale distribution of consumer products and the retail sale of health and natural food products. The retail health food stores’ operations are aggregated to comprise the Retail Segment because such operations have similar economic characteristics, as well as similar characteristics with respect to the nature of products sold, the type and class of customers for the health food products and the methods used to sell the products. Included in the “Other” column are intercompany eliminations, and assets held and charges incurred by our holding company. The segments are evaluated on revenues, gross margins, operating income (loss), and income before taxes.

 

 

 

Wholesale
Segment

 

Retail
Segment

 

Other

 

Consolidated

 

THREE MONTHS ENDED MARCH 2012:

 

 

 

 

 

 

 

 

 

External revenue:

 

 

 

 

 

 

 

 

 

Cigarettes

 

$

198,856,415

 

$

 

$

 

$

198,856,415

 

Confectionery

 

17,860,388

 

 

 

17,860,388

 

Health food

 

 

10,143,215

 

 

10,143,215

 

Tobacco, foodservice & other

 

48,969,248

 

 

 

48,969,248

 

Total external revenue

 

265,686,051

 

10,143,215

 

 

275,829,266

 

Depreciation

 

419,695

 

102,044

 

937

 

522,676

 

Amortization

 

91,251

 

 

 

91,251

 

Operating income (loss)

 

2,961,121

 

1,125,248

 

(1,385,652

)

2,700,717

 

Interest expense

 

133,993

 

75,418

 

110,430

 

319,841

 

Income (loss) from operations before taxes

 

2,873,713

 

1,055,015

 

(1,453,978

)

2,474,750

 

Total assets

 

89,010,587

 

12,809,831

 

1,163,482

 

102,983,900

 

Capital expenditures

 

355,961

 

90,046

 

 

446,007

 

 

 

 

 

 

 

 

 

 

 

THREE MONTHS ENDED MARCH 2011:

 

 

 

 

 

 

 

 

 

External revenue:

 

 

 

 

 

 

 

 

 

Cigarettes

 

$

154,090,343

 

$

 

$

 

$

154,090,343

 

Confectionery

 

14,258,544

 

 

 

14,258,544

 

Health food

 

 

9,908,134

 

 

9,908,134

 

Tobacco, foodservice & other

 

38,346,018

 

 

 

38,346,018

 

Total external revenue

 

206,694,905

 

9,908,134

 

 

216,603,039

 

Depreciation

 

318,398

 

107,219

 

938

 

426,555

 

Amortization

 

80,578

 

 

 

80,578

 

Operating income (loss)

 

3,153,065

 

1,116,996

 

(1,317,724

)

2,952,337

 

Interest expense

 

115,095

 

96,438

 

52,339

 

263,872

 

Income (loss) from operations before taxes

 

3,054,200

 

1,026,304

 

(1,346,828

)

2,733,676

 

Total assets

 

74,636,163

 

13,098,611

 

1,030,977

 

88,765,751

 

Capital expenditures

 

602,351

 

61,866

 

 

664,217

 

 

 

 

Wholesale
Segment

 

Retail
Segment

 

Other

 

Consolidated

 

SIX MONTHS ENDED MARCH 2012:

 

 

 

 

 

 

 

 

 

External revenue:

 

 

 

 

 

 

 

 

 

Cigarettes

 

$

405,029,273

 

$

 

$

 

$

405,029,273

 

Confectionery

 

35,359,329

 

 

 

35,359,329

 

Health food

 

 

18,676,642

 

 

18,676,642

 

Tobacco, foodservice & other

 

100,327,072

 

 

 

100,327,072

 

Total external revenue

 

540,715,674

 

18,676,642

 

 

559,392,316

 

Depreciation

 

830,277

 

203,080

 

1,874

 

1,035,231

 

Amortization

 

192,190

 

 

 

192,190

 

Operating income (loss)

 

6,329,267

 

1,538,411

 

(2,492,780

)

5,374,898

 

Interest expense

 

269,060

 

158,412

 

316,479

 

743,951

 

Income (loss) from operations before taxes

 

6,154,807

 

1,390,017

 

(2,668,739

)

4,876,085

 

Total assets

 

89,010,587

 

12,809,831

 

1,163,482

 

102,983,900

 

Capital expenditures

 

583,352

 

124,372

 

 

707,724

 

 

 

 

 

 

 

 

 

 

 

SIX MONTHS ENDED MARCH 2011:

 

 

 

 

 

 

 

 

 

External revenue:

 

 

 

 

 

 

 

 

 

Cigarettes

 

$

329,862,580

 

$

 

$

 

$

329,862,580

 

Confectionery

 

30,127,596

 

 

 

30,127,596

 

Health food

 

 

19,000,583

 

 

19,000,583

 

Tobacco, foodservice & other

 

82,569,441

 

 

 

82,569,441

 

Total external revenue

 

442,559,617

 

19,000,583

 

 

461,560,200

 

Depreciation

 

628,630

 

214,615

 

1,875

 

845,120

 

Amortization

 

159,596

 

 

 

159,596

 

Operating income (loss)

 

8,090,052

 

1,909,085

 

(3,624,032

)

6,375,105

 

Interest expense

 

226,164

 

199,988

 

222,303

 

648,455

 

Income (loss) from operations before taxes

 

7,882,840

 

1,720,389

 

(3,808,487

)

5,794,742

 

Total assets

 

74,636,163

 

13,098,611

 

1,030,977

 

88,765,751

 

Capital expenditures

 

850,098

 

107,156

 

 

957,254