$FRD
FRIEDMAN INDUSTRIES INC

2016 Q1 Form 10-Q Financial Statement

#000143774916025443 Filed on February 16, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q4 2014 Q4
Revenue $15.95M $18.55M $23.55M
YoY Change -37.01% -21.25% -16.7%
Cost Of Revenue $15.77M $17.08M $22.29M
YoY Change -36.82% -23.38% -15.64%
Gross Profit $176.8K $1.467M $1.259M
YoY Change -50.39% 16.56% -31.84%
Gross Profit Margin 1.11% 7.91% 5.34%
Selling, General & Admin $1.000M $1.100M $976.3K
YoY Change -4.76% 12.63% -12.98%
% of Gross Profit 565.74% 74.95% 77.56%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $390.0K $420.0K $480.0K
YoY Change 11.43% -12.5% 4.35%
% of Gross Profit 220.64% 28.62% 38.13%
Operating Expenses $1.010M $1.100M $976.3K
YoY Change -3.81% 12.63% -12.98%
Operating Profit -$833.2K $367.6K $282.5K
YoY Change 20.11% 30.14% -76.36%
Interest Expense $10.00K $330.0K $20.00K
YoY Change -50.0% 1550.0% 0.0%
% of Operating Profit 89.77% 7.08%
Other Income/Expense, Net $0.00 $300.0K $0.00
YoY Change
Pretax Income -$820.0K $696.2K $297.7K
YoY Change 22.39% 133.84% -59.78%
Income Tax -$290.0K $211.0K $110.1K
% Of Pretax Income 30.32% 36.97%
Net Earnings -$523.8K $485.1K $187.6K
YoY Change 15.7% 158.53% -61.51%
Net Earnings / Revenue -3.28% 2.62% 0.8%
Basic Earnings Per Share -$0.08 $0.07 $0.03
Diluted Earnings Per Share -$0.08 $0.07 $0.03
COMMON SHARES
Basic Shares Outstanding 6.799M 6.799M 6.799M
Diluted Shares Outstanding 6.799M 6.799M

Balance Sheet

Concept 2016 Q1 2015 Q4 2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.800M $4.460M $6.960M
YoY Change 25.56% -35.92% -59.27%
Cash & Equivalents $2.797M $4.462M $6.961M
Short-Term Investments
Other Short-Term Assets $143.4K $230.3K $241.3K
YoY Change -0.83% -4.59% 0.79%
Inventory $41.94M $43.17M $50.82M
Prepaid Expenses
Receivables $4.822M $4.799M $5.040M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $49.70M $52.66M $63.06M
YoY Change -0.83% -16.49% 4.59%
LONG-TERM ASSETS
Property, Plant & Equipment $15.97M $16.14M $14.73M
YoY Change 2.91% 9.58% 43.29%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.220M $880.0K $1.120M
YoY Change -7.58% -21.43% 5.66%
Total Long-Term Assets $17.19M $17.02M $15.85M
YoY Change 2.07% 7.39% 39.78%
TOTAL ASSETS
Total Short-Term Assets $49.70M $52.66M $63.06M
Total Long-Term Assets $17.19M $17.02M $15.85M
Total Assets $66.89M $69.68M $78.91M
YoY Change -0.1% -11.7% 10.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.480M $4.500M $13.48M
YoY Change 15.35% -66.62% 101.19%
Accrued Expenses $320.0K $510.0K $390.0K
YoY Change -25.58% 30.77% -26.42%
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 $2.866M $5.079M $14.00M
YoY Change 8.1% -63.73% 90.1%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $790.0K $770.0K $1.070M
YoY Change -27.52% -28.04% 7.0%
Total Long-Term Liabilities $790.0K $770.0K $1.070M
YoY Change -27.52% -28.04% 7.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.866M $5.079M $14.00M
Total Long-Term Liabilities $790.0K $770.0K $1.070M
Total Liabilities $3.651M $5.850M $15.17M
YoY Change -2.4% -61.44% 76.81%
SHAREHOLDERS EQUITY
Retained Earnings $31.74M $32.33M $32.23M
YoY Change 0.07% 0.29% 2.16%
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 1.176M shares
Shareholders Equity $63.24M $63.83M $63.74M
YoY Change
Total Liabilities & Shareholders Equity $66.89M $69.68M $78.91M
YoY Change -0.1% -11.7% 10.16%

Cashflow Statement

Concept 2016 Q1 2015 Q4 2014 Q4
OPERATING ACTIVITIES
Net Income -$523.8K $485.1K $187.6K
YoY Change 15.7% 158.53% -61.51%
Depreciation, Depletion And Amortization $390.0K $420.0K $480.0K
YoY Change 11.43% -12.5% 4.35%
Cash From Operating Activities -$1.350M $3.380M $690.0K
YoY Change -60.76% 389.86% -82.22%
INVESTING ACTIVITIES
Capital Expenditures -$220.0K -$580.0K -$800.0K
YoY Change -80.87% -27.5% 263.64%
Acquisitions
YoY Change
Other Investing Activities -$10.00K -$20.00K -$20.00K
YoY Change 0.0% 0.0% 0.0%
Cash From Investing Activities -$240.0K -$580.0K -$820.0K
YoY Change -79.31% -29.27% 256.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -70.00K -60.00K -140.0K
YoY Change -46.15% -57.14% -74.07%
NET CHANGE
Cash From Operating Activities -1.350M 3.380M 690.0K
Cash From Investing Activities -240.0K -580.0K -820.0K
Cash From Financing Activities -70.00K -60.00K -140.0K
Net Change In Cash -1.660M 2.740M -270.0K
YoY Change -64.9% -1114.81% -108.68%
FREE CASH FLOW
Cash From Operating Activities -$1.350M $3.380M $690.0K
Capital Expenditures -$220.0K -$580.0K -$800.0K
Free Cash Flow -$1.130M $3.960M $1.490M
YoY Change -50.66% 165.77% -63.66%

Facts In Submission

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