$FRD
FRIEDMAN INDUSTRIES INC

2013 Q4 Form 10-Q Financial Statement

#000119312514051117 Filed on February 13, 2014

View on sec.gov

Income Statement

Concept 2013 Q4 2012 Q4
Revenue $28.27M $31.72M
YoY Change -10.86% -14.24%
Cost Of Revenue $26.43M $28.84M
YoY Change -8.35% -12.76%
Gross Profit $1.847M $2.884M
YoY Change -35.97% -26.66%
Gross Profit Margin 6.53% 9.09%
Selling, General & Admin $1.122M $1.184M
YoY Change -5.2% -4.9%
% of Gross Profit 60.75% 41.03%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $460.0K $440.0K
YoY Change 4.55% -4.35%
% of Gross Profit 24.91% 15.26%
Operating Expenses $1.122M $1.184M
YoY Change -5.2% -4.9%
Operating Profit $1.195M $2.119M
YoY Change -43.61% -31.97%
Interest Expense $20.00K $20.00K
YoY Change 0.0% 0.0%
% of Operating Profit 1.67% 0.94%
Other Income/Expense, Net $0.00 $0.00
YoY Change
Pretax Income $740.3K $1.716M
YoY Change -56.86% -36.54%
Income Tax $252.8K $566.2K
% Of Pretax Income 34.15% 33.0%
Net Earnings $487.5K $1.150M
YoY Change -57.61% -36.08%
Net Earnings / Revenue 1.72% 3.63%
Basic Earnings Per Share $0.07 $0.17
Diluted Earnings Per Share $0.07 $0.17
COMMON SHARES
Basic Shares Outstanding 6.799M shares 6.799M shares
Diluted Shares Outstanding 6.799M shares 6.799M shares

Balance Sheet

Concept 2013 Q4 2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.09M $16.60M
YoY Change 2.95% -14.87%
Cash & Equivalents $17.09M $16.60M
Short-Term Investments
Other Short-Term Assets $239.5K $836.3K
YoY Change -71.37% 391.95%
Inventory $38.03M $32.91M
Prepaid Expenses
Receivables $4.939M $6.687M
Other Receivables $0.00 $0.00
Total Short-Term Assets $60.29M $57.03M
YoY Change 5.72% -6.1%
LONG-TERM ASSETS
Property, Plant & Equipment $10.28M $11.69M
YoY Change -12.11% -10.45%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.060M $1.000M
YoY Change 6.0% 6.38%
Total Long-Term Assets $11.34M $12.69M
YoY Change -10.67% -9.34%
TOTAL ASSETS
Total Short-Term Assets $60.29M $57.03M
Total Long-Term Assets $11.34M $12.69M
Total Assets $71.63M $69.73M
YoY Change 2.74% -6.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.700M $4.630M
YoY Change 44.71% -50.11%
Accrued Expenses $530.0K $670.0K
YoY Change -20.9% -18.29%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $7.367M $6.176M
YoY Change 19.28% -45.54%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.000M $920.0K
YoY Change 8.7% 10.84%
Total Long-Term Liabilities $1.000M $920.0K
YoY Change 8.7% 10.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.367M $6.176M
Total Long-Term Liabilities $1.000M $920.0K
Total Liabilities $8.580M $7.470M
YoY Change 14.86% -40.95%
SHAREHOLDERS EQUITY
Retained Earnings $31.55M $30.75M
YoY Change 2.62%
Common Stock $36.98M $36.98M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.476M $5.476M
YoY Change 0.0%
Treasury Stock Shares 1.176M shares 1.176M shares
Shareholders Equity $63.06M $62.25M
YoY Change
Total Liabilities & Shareholders Equity $71.63M $69.73M
YoY Change 2.74% -6.71%

Cashflow Statement

Concept 2013 Q4 2012 Q4
OPERATING ACTIVITIES
Net Income $487.5K $1.150M
YoY Change -57.61% -36.08%
Depreciation, Depletion And Amortization $460.0K $440.0K
YoY Change 4.55% -4.35%
Cash From Operating Activities $3.880M $550.0K
YoY Change 605.45% -40.86%
INVESTING ACTIVITIES
Capital Expenditures -$220.0K -$330.0K
YoY Change -33.33% 230.0%
Acquisitions
YoY Change
Other Investing Activities -$20.00K -$10.00K
YoY Change 100.0% -50.0%
Cash From Investing Activities -$230.0K -$350.0K
YoY Change -34.29% 191.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -540.0K -4.280M
YoY Change -87.38% 380.9%
NET CHANGE
Cash From Operating Activities 3.880M 550.0K
Cash From Investing Activities -230.0K -350.0K
Cash From Financing Activities -540.0K -4.280M
Net Change In Cash 3.110M -4.080M
YoY Change -176.23% 5000.0%
FREE CASH FLOW
Cash From Operating Activities $3.880M $550.0K
Capital Expenditures -$220.0K -$330.0K
Free Cash Flow $4.100M $880.0K
YoY Change 365.91% -14.56%

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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
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dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
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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