$FRD
FRIEDMAN INDUSTRIES INC

2013 Q3 Form 10-Q Financial Statement

#000119312513440164 Filed on November 13, 2013

View on sec.gov

Income Statement

Concept 2013 Q3 2012 Q3
Revenue $26.31M $33.33M
YoY Change -21.07% -20.71%
Cost Of Revenue $25.23M $29.56M
YoY Change -14.63% -20.44%
Gross Profit $1.078M $3.777M
YoY Change -71.46% -22.71%
Gross Profit Margin 4.1% 11.33%
Selling, General & Admin $1.046M $1.323M
YoY Change -20.94% -7.51%
% of Gross Profit 97.01% 35.02%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $450.0K $450.0K
YoY Change 0.0% -2.17%
% of Gross Profit 41.75% 11.91%
Operating Expenses $1.046M $1.323M
YoY Change -20.94% -7.51%
Operating Profit $407.0K $3.010M
YoY Change -86.48% -12.92%
Interest Expense $20.00K $20.00K
YoY Change 0.0% 0.0%
% of Operating Profit 4.91% 0.66%
Other Income/Expense, Net $0.00
YoY Change
Pretax Income $47.76K $2.470M
YoY Change -98.07% -29.03%
Income Tax $20.10K $825.4K
% Of Pretax Income 42.08% 33.42%
Net Earnings $27.66K $1.644M
YoY Change -98.32% -28.97%
Net Earnings / Revenue 0.11% 4.93%
Basic Earnings Per Share $0.00 $0.24
Diluted Earnings Per Share $0.00 $0.24
COMMON SHARES
Basic Shares Outstanding 6.799M shares 6.799M shares
Diluted Shares Outstanding 6.799M shares 6.799M shares

Balance Sheet

Concept 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $13.98M $20.68M
YoY Change -32.4% 5.73%
Cash & Equivalents $13.98M $20.68M
Short-Term Investments
Other Short-Term Assets $357.9K $300.0K
YoY Change 19.29% 30.43%
Inventory $39.50M $34.21M
Prepaid Expenses
Receivables $7.528M $8.300M
Other Receivables $0.00 $0.00
Total Short-Term Assets $61.36M $63.50M
YoY Change -3.36% 8.86%
LONG-TERM ASSETS
Property, Plant & Equipment $10.52M $11.80M
YoY Change -10.87% -12.07%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.040M $980.0K
YoY Change 6.12% 6.52%
Total Long-Term Assets $11.56M $12.78M
YoY Change -9.53% -10.94%
TOTAL ASSETS
Total Short-Term Assets $61.36M $63.50M
Total Long-Term Assets $11.56M $12.78M
Total Assets $72.93M $76.28M
YoY Change -4.4% 4.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.880M $7.870M
YoY Change 0.13% -4.49%
Accrued Expenses $550.0K $850.0K
YoY Change -35.29% -13.27%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $9.006M $9.600M
YoY Change -6.18% -5.79%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $980.0K $900.0K
YoY Change 8.89% 9.76%
Total Long-Term Liabilities $980.0K $900.0K
YoY Change 8.89% 9.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.006M $9.600M
Total Long-Term Liabilities $980.0K $900.0K
Total Liabilities $10.22M $10.90M
YoY Change -6.24% -5.13%
SHAREHOLDERS EQUITY
Retained Earnings $31.20M
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 $62.71M $65.39M
YoY Change
Total Liabilities & Shareholders Equity $72.93M $76.28M
YoY Change -4.4% 4.95%

Cashflow Statement

Concept 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $27.66K $1.644M
YoY Change -98.32% -28.97%
Depreciation, Depletion And Amortization $450.0K $450.0K
YoY Change 0.0% -2.17%
Cash From Operating Activities -$2.920M $7.770M
YoY Change -137.58% 121.37%
INVESTING ACTIVITIES
Capital Expenditures -$140.0K -$50.00K
YoY Change 180.0% 0.0%
Acquisitions
YoY Change
Other Investing Activities -$10.00K -$20.00K
YoY Change -50.0% 100.0%
Cash From Investing Activities -$150.0K -$60.00K
YoY Change 150.0% 0.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -550.0K -890.0K
YoY Change -38.2% 1.14%
NET CHANGE
Cash From Operating Activities -2.920M 7.770M
Cash From Investing Activities -150.0K -60.00K
Cash From Financing Activities -550.0K -890.0K
Net Change In Cash -3.620M 6.820M
YoY Change -153.08% 165.37%
FREE CASH FLOW
Cash From Operating Activities -$2.920M $7.770M
Capital Expenditures -$140.0K -$50.00K
Free Cash Flow -$2.780M $7.820M
YoY Change -135.55% 119.66%

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dei Trading Symbol
TradingSymbol
FRD
dei Entity Registrant Name
EntityRegistrantName
FRIEDMAN INDUSTRIES INC
dei Amendment Flag
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dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2013-09-30
dei Entity Central Index Key
EntityCentralIndexKey
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dei Current Fiscal Year End Date
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dei Document Fiscal Period Focus
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