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BUSINESS SEGMENTS
 9 Months Ended
Jun. 30, 2014
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 JUNE 2014:

 

 

 

 

 

 

 

 

 

External revenue:

 

 

 

 

 

 

 

 

 

Cigarettes

 

$
231,814,363

 

$

—

 

$

—

 

$
231,814,363

 

Confectionery

 
21,214,377

 

—

 

—

 
21,214,377

 

Health food

 

—

 
8,509,813

 

—

 
8,509,813

 

Tobacco, food service & other

 
61,109,071

 

—

 

—

 
61,109,071

 

Total external revenue

 
314,137,811

 
8,509,813

 

—

 
322,647,624

 

Depreciation

 
340,287

 
125,262

 
937

 
466,486

 

Amortization

 
91,250

 

—

 

—

 
91,250

 

Operating income (loss)

 
3,657,657

 
138,969

 
(1,354,840

)
2,441,786

 

Interest expense

 
36,657

 
51,284

 
140,886

 
228,827

 

Income (loss) from operations before taxes

 
3,627,311

 
93,097

 
(1,469,976

)
2,250,432

 

Total assets

 
98,799,569

 
13,602,639

 
280,846

 
112,683,054

 

Capital expenditures

 
949,732

 
25,062

 

—

 
974,794

 

 

 

 

 

 

 

 

 

 

 

THREE MONTHS ENDED JUNE 2013:

 

 

 

 

 

 

 

 

 

External revenue:

 

 

 

 

 

 

 

 

 

Cigarettes

 

$
228,861,228

 

$

—

 

$

—

 

$
228,861,228

 

Confectionery

 
20,658,502

 

—

 

—

 
20,658,502

 

Health food

 

—

 
9,331,747

 

—

 
9,331,747

 

Tobacco, food service & other

 
57,179,720

 

—

 

—

 
57,179,720

 

Total external revenue

 
306,699,450

 
9,331,747

 

—

 
316,031,197

 

Depreciation

 
387,683

 
118,191

 
937

 
506,811

 

Amortization

 
91,250

 

—

 

—

 
91,250

 

Operating income (loss)

 
3,951,778

 
364,126

 
(1,168,459

)
3,147,445

 

Interest expense

 
49,754

 
55,187

 
204,504

 
309,445

 

Income (loss) from operations before taxes

 
3,900,589

 
314,153

 
(1,327,255

)
2,887,487

 

Total assets

 
103,780,433

 
14,602,570

 
232,155

 
118,615,158

 

Capital expenditures

 
235,470

 
468,507

 

—

 
703,977

 

 

 

 

Wholesale
Segment

 

Retail
Segment

 

Other

 

Consolidated

 

NINE MONTHS ENDED JUNE 2014:

 

 

 

 

 

 

 

 

 

External revenue:

 

 

 

 

 

 

 

 

 

Cigarettes

 

$
647,770,840

 

$

—

 

$

—

 

$
647,770,840

 

Confectionery

 
55,921,920

 

—

 

—

 
55,921,920

 

Health food

 

—

 
26,221,759

 

—

 
26,221,759

 

Tobacco, food service & other

 
170,780,450

 

—

 

—

 
170,780,450

 

Total external revenue

 
874,473,210

 
26,221,759

 

—

 
900,694,969

 

Depreciation

 
1,154,830

 
379,218

 
2,812

 
1,536,860

 

Amortization

 
273,750

 

—

 

—

 
273,750

 

Operating income (loss)

 
9,548,781

 
681,990

 
(4,085,271

)
6,145,500

 

Interest expense

 
119,310

 
168,062

 
466,074

 
753,446

 

Income (loss) from operations before taxes

 
9,463,125

 
528,267

 
(4,492,679

)
5,498,713

 

Total assets

 
98,799,569

 
13,602,639

 
280,846

 
112,683,054

 

Capital expenditures

 
2,242,733

 
94,893

 

—

 
2,337,626

 

 

 

 

 

 

 

 

 

 

 

NINE MONTHS ENDED JUNE 2013:

 

 

 

 

 

 

 

 

 

External revenue:

 

 

 

 

 

 

 

 

 

Cigarettes

 

$
648,295,732

 

$

—

 

$

—

 

$
648,295,732

 

Confectionery

 
55,461,844

 

—

 

—

 
55,461,844

 

Health food

 

—

 
27,904,440

 

—

 
27,904,440

 

Tobacco, food service & other

 
161,155,653

 

—

 

—

 
161,155,653

 

Total external revenue

 
864,913,229

 
27,904,440

 

—

 
892,817,669

 

Depreciation

 
1,209,733

 
305,414

 
2,811

 
1,517,958

 

Amortization

 
273,750

 

—

 

—

 
273,750

 

Operating income (loss)

 
10,285,106

 
1,803,736

 
(3,894,902

)
8,193,940

 

Interest expense

 
156,650

 
168,735

 
549,104

 
874,489

 

Income (loss) from operations before taxes

 
10,147,828

 
1,650,327

 
(4,253,022

)
7,545,133

 

Total assets

 
103,780,433

 
14,602,570

 
232,155

 
118,615,158

 

Capital expenditures

 
738,809

 
1,069,397

 

—

 
1,808,206