$FRD
FRIEDMAN INDUSTRIES INC

2015 Q1 Form 10-Q Financial Statement

#000119312515050208 Filed on February 13, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q4 2013 Q4
Revenue $25.32M $23.55M $28.27M
YoY Change -20.83% -16.7% -10.86%
Cost Of Revenue $24.96M $22.29M $26.43M
YoY Change -17.6% -15.64% -8.35%
Gross Profit $356.3K $1.259M $1.847M
YoY Change -78.97% -31.84% -35.97%
Gross Profit Margin 1.41% 5.34% 6.53%
Selling, General & Admin $1.050M $976.3K $1.122M
YoY Change -6.25% -12.98% -5.2%
% of Gross Profit 294.71% 77.56% 60.75%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $350.0K $480.0K $460.0K
YoY Change -22.22% 4.35% 4.55%
% of Gross Profit 98.24% 38.13% 24.91%
Operating Expenses $1.050M $976.3K $1.122M
YoY Change -5.41% -12.98% -5.2%
Operating Profit -$693.7K $282.5K $1.195M
YoY Change -218.8% -76.36% -43.61%
Interest Expense $20.00K $20.00K $20.00K
YoY Change 0.0% 0.0% 0.0%
% of Operating Profit 7.08% 1.67%
Other Income/Expense, Net $0.00 $0.00 $0.00
YoY Change
Pretax Income -$670.0K $297.7K $740.3K
YoY Change -213.56% -59.78% -56.86%
Income Tax -$220.0K $110.1K $252.8K
% Of Pretax Income 36.97% 34.15%
Net Earnings -$452.7K $187.6K $487.5K
YoY Change -216.25% -61.51% -57.61%
Net Earnings / Revenue -1.79% 0.8% 1.72%
Basic Earnings Per Share -$0.07 $0.03 $0.07
Diluted Earnings Per Share -$0.07 $0.03 $0.07
COMMON SHARES
Basic Shares Outstanding 6.799M shares 6.799M 6.799M shares
Diluted Shares Outstanding 6.799M 6.799M shares

Balance Sheet

Concept 2015 Q1 2014 Q4 2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.230M $6.960M $17.09M
YoY Change -85.21% -59.27% 2.95%
Cash & Equivalents $2.226M $6.961M $17.09M
Short-Term Investments
Other Short-Term Assets $144.6K $241.3K $239.5K
YoY Change 11.39% 0.79% -71.37%
Inventory $40.85M $50.82M $38.03M
Prepaid Expenses
Receivables $6.896M $5.040M $4.939M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $50.12M $63.06M $60.29M
YoY Change -16.26% 4.59% 5.72%
LONG-TERM ASSETS
Property, Plant & Equipment $15.52M $14.73M $10.28M
YoY Change 36.56% 43.29% -12.11%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.320M $1.120M $1.060M
YoY Change 22.22% 5.66% 6.0%
Total Long-Term Assets $16.84M $15.85M $11.34M
YoY Change 35.4% 39.78% -10.67%
TOTAL ASSETS
Total Short-Term Assets $50.12M $63.06M $60.29M
Total Long-Term Assets $16.84M $15.85M $11.34M
Total Assets $66.96M $78.91M $71.63M
YoY Change -7.37% 10.16% 2.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.150M $13.48M $6.700M
YoY Change -70.18% 101.19% 44.71%
Accrued Expenses $430.0K $390.0K $530.0K
YoY Change 0.0% -26.42% -20.9%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.651M $14.00M $7.367M
YoY Change -65.88% 90.1% 19.28%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.090M $1.070M $1.000M
YoY Change 7.92% 7.0% 8.7%
Total Long-Term Liabilities $1.090M $1.070M $1.000M
YoY Change 7.92% 7.0% 8.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.651M $14.00M $7.367M
Total Long-Term Liabilities $1.090M $1.070M $1.000M
Total Liabilities $3.741M $15.17M $8.580M
YoY Change -58.29% 76.81% 14.86%
SHAREHOLDERS EQUITY
Retained Earnings $31.71M $32.23M $31.55M
YoY Change -0.29% 2.16% 2.62%
Common Stock $36.98M $36.98M $36.98M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.476M $5.476M $5.476M
YoY Change 0.0% 0.0% 0.0%
Treasury Stock Shares $1.176M 1.176M shares 1.176M shares
Shareholders Equity $63.22M $63.74M $63.06M
YoY Change
Total Liabilities & Shareholders Equity $66.96M $78.91M $71.63M
YoY Change -7.37% 10.16% 2.74%

Cashflow Statement

Concept 2015 Q1 2014 Q4 2013 Q4
OPERATING ACTIVITIES
Net Income -$452.7K $187.6K $487.5K
YoY Change -216.25% -61.51% -57.61%
Depreciation, Depletion And Amortization $350.0K $480.0K $460.0K
YoY Change -22.22% 4.35% 4.55%
Cash From Operating Activities -$3.440M $690.0K $3.880M
YoY Change 975.0% -82.22% 605.45%
INVESTING ACTIVITIES
Capital Expenditures -$1.150M -$800.0K -$220.0K
YoY Change -25.32% 263.64% -33.33%
Acquisitions
YoY Change
Other Investing Activities -$10.00K -$20.00K -$20.00K
YoY Change 0.0% 0.0% 100.0%
Cash From Investing Activities -$1.160M -$820.0K -$230.0K
YoY Change -25.64% 256.52% -34.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -130.0K -140.0K -540.0K
YoY Change -7.14% -74.07% -87.38%
NET CHANGE
Cash From Operating Activities -3.440M 690.0K 3.880M
Cash From Investing Activities -1.160M -820.0K -230.0K
Cash From Financing Activities -130.0K -140.0K -540.0K
Net Change In Cash -4.730M -270.0K 3.110M
YoY Change 134.16% -108.68% -176.23%
FREE CASH FLOW
Cash From Operating Activities -$3.440M $690.0K $3.880M
Capital Expenditures -$1.150M -$800.0K -$220.0K
Free Cash Flow -$2.290M $1.490M $4.100M
YoY Change -287.7% -63.66% 365.91%

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dei Trading Symbol
TradingSymbol
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dei Entity Registrant Name
EntityRegistrantName
FRIEDMAN INDUSTRIES INC
dei Amendment Flag
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dei Entity Filer Category
EntityFilerCategory
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dei Document Fiscal Year Focus
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dei Document Type
DocumentType
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dei Document Period End Date
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dei Entity Central Index Key
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