$FRD
FRIEDMAN INDUSTRIES INC

2012 Q4 Form 10-Q Financial Statement

#000119312513050939 Filed on February 12, 2013

View on sec.gov

Income Statement

Concept 2012 Q4 2011 Q4
Revenue $31.72M $36.99M
YoY Change -14.24% 18.78%
Cost Of Revenue $28.84M $33.05M
YoY Change -12.76% 20.77%
Gross Profit $2.884M $3.933M
YoY Change -26.66% 4.32%
Gross Profit Margin 9.09% 10.63%
Selling, General & Admin $1.184M $1.245M
YoY Change -4.9% 7.29%
% of Gross Profit 41.03% 31.64%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $440.0K $460.0K
YoY Change -4.35% -4.17%
% of Gross Profit 15.26% 11.7%
Operating Expenses $1.184M $1.245M
YoY Change -4.9% 7.29%
Operating Profit $2.119M $3.115M
YoY Change -31.97% 19.35%
Interest Expense $20.00K $20.00K
YoY Change 0.0% 0.0%
% of Operating Profit 0.94% 0.64%
Other Income/Expense, Net $0.00
YoY Change
Pretax Income $1.716M $2.704M
YoY Change -36.54% 3.21%
Income Tax $566.2K $904.3K
% Of Pretax Income 33.0% 33.44%
Net Earnings $1.150M $1.799M
YoY Change -36.08% 4.0%
Net Earnings / Revenue 3.63% 4.86%
Basic Earnings Per Share $0.17 $0.26
Diluted Earnings Per Share $0.17 $0.26
COMMON SHARES
Basic Shares Outstanding 6.799M shares 6.799M shares
Diluted Shares Outstanding 6.799M shares 6.799M shares

Balance Sheet

Concept 2012 Q4 2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $16.60M $19.50M
YoY Change -14.87% 18.54%
Cash & Equivalents $16.60M $19.50M
Short-Term Investments
Other Short-Term Assets $836.3K $170.0K
YoY Change 391.95% 13.33%
Inventory $32.91M $28.82M
Prepaid Expenses
Receivables $6.687M $12.25M
Other Receivables $0.00 $0.00
Total Short-Term Assets $57.03M $60.74M
YoY Change -6.1% 19.07%
LONG-TERM ASSETS
Property, Plant & Equipment $11.69M $13.06M
YoY Change -10.45% -10.36%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.000M $940.0K
YoY Change 6.38% 6.82%
Total Long-Term Assets $12.69M $14.00M
YoY Change -9.34% -9.33%
TOTAL ASSETS
Total Short-Term Assets $57.03M $60.74M
Total Long-Term Assets $12.69M $14.00M
Total Assets $69.73M $74.74M
YoY Change -6.71% 12.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.630M $9.280M
YoY Change -50.11% 26.6%
Accrued Expenses $670.0K $820.0K
YoY Change -18.29% 6.49%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $6.176M $11.34M
YoY Change -45.54% 26.28%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $920.0K $830.0K
YoY Change 10.84% 10.67%
Total Long-Term Liabilities $920.0K $830.0K
YoY Change 10.84% 10.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.176M $11.34M
Total Long-Term Liabilities $920.0K $830.0K
Total Liabilities $7.470M $12.65M
YoY Change -40.95% 25.12%
SHAREHOLDERS EQUITY
Retained Earnings $30.75M
YoY Change
Common Stock $36.98M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.476M
YoY Change
Treasury Stock Shares 1.176M shares
Shareholders Equity $62.25M $62.10M
YoY Change
Total Liabilities & Shareholders Equity $69.73M $74.74M
YoY Change -6.71% 12.48%

Cashflow Statement

Concept 2012 Q4 2011 Q4
OPERATING ACTIVITIES
Net Income $1.150M $1.799M
YoY Change -36.08% 4.0%
Depreciation, Depletion And Amortization $440.0K $460.0K
YoY Change -4.35% -4.17%
Cash From Operating Activities $550.0K $930.0K
YoY Change -40.86% 72.22%
INVESTING ACTIVITIES
Capital Expenditures -$330.0K -$100.0K
YoY Change 230.0% 400.0%
Acquisitions
YoY Change
Other Investing Activities -$10.00K -$20.00K
YoY Change -50.0% 100.0%
Cash From Investing Activities -$350.0K -$120.0K
YoY Change 191.67% 300.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.280M -890.0K
YoY Change 380.9% -77.47%
NET CHANGE
Cash From Operating Activities 550.0K 930.0K
Cash From Investing Activities -350.0K -120.0K
Cash From Financing Activities -4.280M -890.0K
Net Change In Cash -4.080M -80.00K
YoY Change 5000.0% -97.67%
FREE CASH FLOW
Cash From Operating Activities $550.0K $930.0K
Capital Expenditures -$330.0K -$100.0K
Free Cash Flow $880.0K $1.030M
YoY Change -14.56% 83.93%

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dei Trading Symbol
TradingSymbol
FRD
dei Entity Registrant Name
EntityRegistrantName
FRIEDMAN INDUSTRIES INC
dei Amendment Flag
AmendmentFlag
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dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
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dei Document Fiscal Year Focus
DocumentFiscalYearFocus
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dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
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dei Entity Central Index Key
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dei Current Fiscal Year End Date
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