$TLF
TANDY LEATHER FACTORY INC

2022 Q1 Form 10-Q Financial Statement

#000114036122019314 Filed on May 16, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $20.50M $21.39M
YoY Change -4.18% 24.78%
Cost Of Revenue $8.569M $9.208M
YoY Change -6.94% 26.5%
Gross Profit $11.93M $12.19M
YoY Change -2.09% 23.52%
Gross Profit Margin 58.2% 56.96%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $301.0K $254.0K
YoY Change 18.5% -24.18%
% of Gross Profit 2.52% 2.08%
Operating Expenses $11.10M $11.22M
YoY Change -1.06% 1.13%
Operating Profit $829.0K $965.0K
YoY Change -14.09% -141.97%
Interest Expense $2.000K $5.000K
YoY Change -60.0%
% of Operating Profit 0.24% 0.52%
Other Income/Expense, Net $13.00K $3.000K
YoY Change 333.33% -94.34%
Pretax Income $842.0K $968.0K
YoY Change -13.02% -143.1%
Income Tax $197.0K $223.0K
% Of Pretax Income 23.4% 23.04%
Net Earnings $645.0K $745.0K
YoY Change -13.42% -142.87%
Net Earnings / Revenue 3.15% 3.48%
Basic Earnings Per Share $0.08 $0.08
Diluted Earnings Per Share $0.08 $0.08
COMMON SHARES
Basic Shares Outstanding 8.575M 8.812M
Diluted Shares Outstanding 8.580M 8.812M

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.34M $10.76M
YoY Change -3.96% -47.78%
Cash & Equivalents $10.34M $10.76M
Short-Term Investments
Other Short-Term Assets $615.0K $258.0K
YoY Change 138.37% 76.71%
Inventory $37.75M $38.89M
Prepaid Expenses
Receivables $719.0K $408.0K
Other Receivables $876.0K $1.550M
Total Short-Term Assets $50.30M $52.73M
YoY Change -4.61% -1.35%
LONG-TERM ASSETS
Property, Plant & Equipment $21.98M $12.26M
YoY Change 79.35% 0.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $395.0K $387.0K
YoY Change 2.07% 9.32%
Total Long-Term Assets $22.38M $24.01M
YoY Change -6.78% -7.38%
TOTAL ASSETS
Total Short-Term Assets $50.30M $52.73M
Total Long-Term Assets $22.38M $24.01M
Total Assets $72.68M $76.73M
YoY Change -5.29% -3.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.977M $7.822M
YoY Change -49.16% -0.96%
Accrued Expenses $6.743M $3.986M
YoY Change 69.17% 73.08%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $137.0K $14.00K
YoY Change 878.57%
Total Short-Term Liabilities $10.86M $14.88M
YoY Change -27.05% 6.73%
LONG-TERM LIABILITIES
Long-Term Debt $294.0K $429.0K
YoY Change -31.47%
Other Long-Term Liabilities $8.974M $463.0K
YoY Change 1838.23% -9.04%
Total Long-Term Liabilities $9.268M $892.0K
YoY Change 939.01% 75.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.86M $14.88M
Total Long-Term Liabilities $9.268M $892.0K
Total Liabilities $20.13M $15.78M
YoY Change 27.58% 9.15%
SHAREHOLDERS EQUITY
Retained Earnings $58.06M
YoY Change -4.0%
Common Stock $24.00K
YoY Change -4.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $9.773M
YoY Change 0.0%
Treasury Stock Shares $1.424M
Shareholders Equity $52.55M $51.41M
YoY Change
Total Liabilities & Shareholders Equity $72.68M $76.73M
YoY Change -5.29% -3.32%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $645.0K $745.0K
YoY Change -13.42% -142.87%
Depreciation, Depletion And Amortization $301.0K $254.0K
YoY Change 18.5% -24.18%
Cash From Operating Activities $277.0K $2.205M
YoY Change -87.44% -154.81%
INVESTING ACTIVITIES
Capital Expenditures -$164.0K $116.0K
YoY Change -241.38% -36.96%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$164.0K -$116.0K
YoY Change 41.38% -35.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.675M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.000K -1.678M
YoY Change -99.76%
NET CHANGE
Cash From Operating Activities 277.0K 2.205M
Cash From Investing Activities -164.0K -116.0K
Cash From Financing Activities -4.000K -1.678M
Net Change In Cash 109.0K 432.0K
YoY Change -74.77% -109.64%
FREE CASH FLOW
Cash From Operating Activities $277.0K $2.205M
Capital Expenditures -$164.0K $116.0K
Free Cash Flow $441.0K $2.089M
YoY Change -78.89% -149.66%

Facts In Submission

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