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BUSINESS SEGMENTS
 9 Months Ended
Jun. 30, 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 company for both segments. The segments are evaluated on revenues, gross margins, operating income (loss), and income before taxes.

 

 

 

Wholesale
Segment

 

Retail
Segment

 

Other

 

Consolidated

 

THREE MONTHS ENDED JUNE 2012:

 

 

 

 

 

 

 

 

 

External revenue:

 

 

 

 

 

 

 

 

 

Cigarettes

 

$

223,189,406

 

$

—

 

$

—

 

$

223,189,406

 

Confectionery

 

20,433,115

 

—

 

—

 

20,433,115

 

Health food

 

—

 

9,499,012

 

—

 

9,499,012

 

Tobacco, food service & other

 

53,991,241

 

—

 

—

 

53,991,241

 

Total external revenue

 

297,613,762

 

9,499,012

 

—

 

307,112,774

 

Depreciation

 

363,557

 

97,142

 

938

 

461,637

 

Amortization

 

91,251

 

—

 

—

 

91,251

 

Operating income (loss)

 

4,073,549

 

757,482

 

(1,328,115

)

3,502,916

 

Interest expense

 

131,983

 

67,437

 

162,336

 

361,756

 

Income (loss) from operations before taxes

 

3,953,942

 

695,509

 

(1,460,450

)

3,189,001

 

Total assets

 

102,837,606

 

12,957,856

 

993,103

 

116,788,565

 

Capital expenditures

 

182,156

 

24,606

 

—

 

206,762

 

 

 

 

 

 

 

 

 

 

 

THREE MONTHS ENDED JUNE 2011:

 

 

 

 

 

 

 

 

 

External revenue:

 

 

 

 

 

 

 

 

 

Cigarettes

 

$

190,156,165

 

$

—

 

$

—

 

$

190,156,165

 

Confectionery

 

18,125,809

 

—

 

—

 

18,125,809

 

Health food

 

—

 

9,509,251

 

—

 

9,509,251

 

Tobacco, food service & other

 

46,036,974

 

—

 

—

 

46,036,974

 

Total external revenue

 

254,318,948

 

9,509,251

 

—

 

263,828,199

 

Depreciation

 

316,032

 

106,308

 

937

 

423,277

 

Amortization

 

95,822

 

—

 

—

 

95,822

 

Operating income (loss)

 

4,092,131

 

803,020

 

(977,753

)

3,917,398

 

Interest expense

 

117,643

 

93,381

 

161,501

 

372,525

 

Income (loss) from operations before taxes

 

3,997,180

 

715,497

 

(1,093,926

)

3,618,751

 

Total assets

 

116,520,925

 

13,285,407

 

1,014,111

 

130,820,443

 

Capital expenditures

 

624,284

 

59,497

 

—

 

683,781

 

 

 

 

Wholesale
Segment

 

Retail
Segment

 

Other

 

Consolidated

 

NINE MONTHS ENDED JUNE 2012:

 

 

 

 

 

 

 

 

 

External revenue:

 

 

 

 

 

 

 

 

 

Cigarettes

 

$

628,218,679

 

$

—

 

$

—

 

$

628,218,679

 

Confectionery

 

55,792,444

 

—

 

—

 

55,792,444

 

Health food

 

—

 

28,175,654

 

—

 

28,175,654

 

Tobacco, food service & other

 

154,318,313

 

—

 

—

 

154,318,313

 

Total external revenue

 

838,329,436

 

28,175,654

 

—

 

866,505,090

 

Depreciation

 

1,193,834

 

300,222

 

2,812

 

1,496,868

 

Amortization

 

283,441

 

—

 

—

 

283,441

 

Operating income (loss)

 

10,402,816

 

2,295,893

 

(3,820,895

)

8,877,814

 

Interest expense

 

401,043

 

225,849

 

478,815

 

1,105,707

 

Income (loss) from operations before taxes

 

10,108,749

 

2,085,526

 

(4,129,189

)

8,065,086

 

Total assets

 

102,837,606

 

12,957,856

 

993,103

 

116,788,565

 

Capital expenditures

 

765,508

 

148,978

 

—

 

914,486

 

 

 

 

 

 

 

 

 

 

 

NINE MONTHS ENDED JUNE 2011:

 

 

 

 

 

 

 

 

 

External revenue:

 

 

 

 

 

 

 

 

 

Cigarettes

 

$

520,018,745

 

$

—

 

$

—

 

$

520,018,745

 

Confectionery

 

48,253,405

 

—

 

—

 

48,253,405

 

Health food

 

—

 

28,509,834

 

—

 

28,509,834

 

Tobacco, food service & other

 

128,606,415

 

—

 

—

 

128,606,415

 

Total external revenue

 

696,878,565

 

28,509,834

 

—

 

725,388,399

 

Depreciation

 

944,662

 

320,923

 

2,812

 

1,268,397

 

Amortization

 

255,418

 

—

 

—

 

255,418

 

Operating income (loss)

 

12,182,183

 

2,712,105

 

(4,601,785

)

10,292,503

 

Interest expense

 

343,807

 

293,369

 

383,804

 

1,020,980

 

Income (loss) from operations before taxes

 

11,880,020

 

2,435,886

 

(4,902,413

)

9,413,493

 

Total assets

 

116,520,925

 

13,285,407

 

1,014,111

 

130,820,443

 

Capital expenditures

 

1,474,382

 

166,653

 

—

 

1,641,035