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BUSINESS SEGMENTS
 3 Months Ended
Dec. 31, 2013
BUSINESS SEGMENTS  
BUSINESS SEGMENTS

9. 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 DECEMBER 2013:

 

 

 

 

 

 

 

 

 

External revenue:

 

 

 

 

 

 

 

 

 

Cigarettes

 

$

221,151,811

 

$

—

 

$

—

 

$

221,151,811

 

Confectionery

 

18,203,191

 

—

 

—

 

18,203,191

 

Health food

 

—

 

8,523,278

 

—

 

8,523,278

 

Tobacco, food service & other

 

57,747,277

 

—

 

—

 

57,747,277

 

Total external revenue

 

297,102,279

 

8,523,278

 

—

 

305,625,557

 

Depreciation

 

403,342

 

128,510

 

938

 

532,790

 

Amortization

 

91,250

 

—

 

—

 

91,250

 

Operating income (loss)

 

3,795,962

 

52,190

 

(1,323,392

)

2,524,760

 

Interest expense

 

43,797

 

60,776

 

197,422

 

301,995

 

Income (loss) from operations before taxes

 

3,759,523

 

(3,628

)

(1,502,899

)

2,252,996

 

Total assets

 

103,144,703

 

13,564,621

 

206,413

 

116,915,737

 

Capital expenditures

 

918,542

 

67,136

 

—

 

985,678

 

 

 

 

 

 

 

 

 

 

 

THREE MONTHS ENDED DECEMBER 2012:

 

 

 

 

 

 

 

 

 

External revenue:

 

 

 

 

 

 

 

 

 

Cigarettes

 

$

221,730,182

 

$

—

 

$

—

 

$

221,730,182

 

Confectionery

 

17,956,072

 

—

 

—

 

17,956,072

 

Health food

 

—

 

8,704,643

 

—

 

8,704,643

 

Tobacco, food service & other

 

53,827,424

 

—

 

—

 

53,827,424

 

Total external revenue

 

293,513,678

 

8,704,643

 

—

 

302,218,321

 

Depreciation

 

408,743

 

92,932

 

937

 

502,612

 

Amortization

 

91,250

 

—

 

—

 

91,250

 

Operating income (loss)

 

3,802,737

 

371,798

 

(1,387,080

)

2,787,455

 

Interest expense

 

55,132

 

58,968

 

201,952

 

316,052

 

Income (loss) from operations before taxes

 

3,753,457

 

317,770

 

(1,538,475

)

2,532,752

 

Total assets

 

103,284,807

 

12,358,555

 

187,260

 

115,830,622

 

Capital expenditures

 

293,650

 

36,578

 

—

 

330,228