BUSINESS SEGMENTS

12 Months Ended

Sep. 30, 2016

BUSINESS SEGMENTS

BUSINESS SEGMENTS

11. 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		Retail
	Segment		Segment		Other		Consolidated
FISCAL YEAR ENDED 2016:
External revenues:
Cigarettes	$	929,512,552	$	—	$	—	$	929,512,552
Tobacco		153,176,500		—		—		153,176,500
Confectionery		83,196,699		—		—		83,196,699
Health food		—		27,416,987		—		27,416,987
Foodservice & other		101,322,485		—		—		101,322,485
Total external revenue		1,267,208,236		27,416,987		—		1,294,625,223
Depreciation		1,390,625		440,375		—		1,831,000
Amortization		331,667		—		—		331,667
Operating income		16,177,122		51,749		(5,354,936)		10,873,935
Interest expense		115,415		—		607,806		723,221
Income from operations before taxes		16,148,463		69,952		(5,962,742)		10,255,673
Total assets		98,990,407		13,159,963		113,020		112,263,390
Capital expenditures		851,718		743,130		—		1,594,848
FISCAL YEAR ENDED 2015:
External revenue:
Cigarettes	$	919,708,097	$	—	$	—	$	919,708,097
Tobacco		148,373,140		—		—		148,373,140
Confectionery		83,201,334		—		—		83,201,334
Health food		—		31,325,389		—		31,325,389
Foodservice & other		99,247,936		—		—		99,247,936
Total external revenue		1,250,530,507		31,325,389		—		1,281,855,896
Depreciation		1,427,011		470,299		1,874		1,899,184
Amortization		365,000		—		—		365,000
Operating income		16,487,097		661,835		(5,613,969)		11,534,963
Interest expense		129,397		194,349		517,993		841,739
Income from operations before taxes		16,408,321		485,918		(6,131,961)		10,762,278
Total assets		107,220,546		12,813,643		149,618		120,183,807
Capital expenditures		854,924		163,467		—		1,018,391