$TLF
TANDY LEATHER FACTORY INC

2023 Q2 Form 10-Q Financial Statement

#000114036123024770 Filed on May 15, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $17.48M $20.36M $20.50M
YoY Change -5.04% -0.68% -4.18%
Cost Of Revenue $6.561M $8.541M $8.569M
YoY Change -17.04% -0.33% -6.94%
Gross Profit $10.92M $11.82M $11.93M
YoY Change 4.0% -0.94% -2.09%
Gross Profit Margin 62.47% 58.05% 58.2%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $300.0K $290.0K $301.0K
YoY Change 1.69% -3.65% 18.5%
% of Gross Profit 2.75% 2.45% 2.52%
Operating Expenses $10.13M $10.84M $11.10M
YoY Change -9.86% -2.36% -1.06%
Operating Profit $790.0K $981.0K $829.0K
YoY Change -207.19% 18.34% -14.09%
Interest Expense $0.00 $0.00 $2.000K
YoY Change -100.0% -100.0% -60.0%
% of Operating Profit 0.0% 0.0% 0.24%
Other Income/Expense, Net $2.000K -$39.00K $13.00K
YoY Change -106.67% -400.0% 333.33%
Pretax Income $792.0K $942.0K $842.0K
YoY Change -203.26% 11.88% -13.02%
Income Tax $261.0K $278.0K $197.0K
% Of Pretax Income 32.95% 29.51% 23.4%
Net Earnings $531.0K $664.0K $645.0K
YoY Change -190.15% 2.95% -13.42%
Net Earnings / Revenue 3.04% 3.26% 3.15%
Basic Earnings Per Share $0.06 $0.08 $0.08
Diluted Earnings Per Share $0.06 $0.08 $0.08
COMMON SHARES
Basic Shares Outstanding 8.301M 8.301M 8.575M
Diluted Shares Outstanding 8.367M 8.356M 8.580M

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.03M $8.650M $10.34M
YoY Change 79.49% -16.3% -3.96%
Cash & Equivalents $10.03M $8.646M $10.34M
Short-Term Investments
Other Short-Term Assets $68.00K $114.0K $615.0K
YoY Change -46.03% -81.46% 138.37%
Inventory $37.51M $35.87M $37.75M
Prepaid Expenses $375.0K $403.0K
Receivables $421.0K $474.0K $719.0K
Other Receivables $390.0K $310.0K $876.0K
Total Short-Term Assets $48.80M $45.81M $50.30M
YoY Change -0.87% -8.92% -4.61%
LONG-TERM ASSETS
Property, Plant & Equipment $10.75M $10.94M $21.98M
YoY Change -7.38% -50.25% 79.35%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $456.0K $422.0K $395.0K
YoY Change 16.03% 6.84% 2.07%
Total Long-Term Assets $22.13M $22.37M $22.38M
YoY Change 1.08% -0.03% -6.78%
TOTAL ASSETS
Total Short-Term Assets $48.80M $45.81M $50.30M
Total Long-Term Assets $22.13M $22.37M $22.38M
Total Assets $70.93M $68.19M $72.68M
YoY Change -0.27% -6.18% -5.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.340M $1.030M $3.977M
YoY Change -62.2% -74.1% -49.16%
Accrued Expenses $5.990M $5.220M $6.743M
YoY Change 76.96% -22.59% 69.17%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $10.00K $20.00K $137.0K
YoY Change -85.4% 878.57%
Total Short-Term Liabilities $9.043M $6.750M $10.86M
YoY Change -27.2% -37.83% -27.05%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $294.0K
YoY Change -100.0% -31.47%
Other Long-Term Liabilities $326.0K $326.0K $8.974M
YoY Change -21.82% -96.37% 1838.23%
Total Long-Term Liabilities $326.0K $326.0K $9.268M
YoY Change -21.82% -96.48% 939.01%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.043M $6.750M $10.86M
Total Long-Term Liabilities $326.0K $326.0K $9.268M
Total Liabilities $9.369M $7.076M $20.13M
YoY Change -27.02% -64.84% 27.58%
SHAREHOLDERS EQUITY
Retained Earnings $61.09M $60.56M
YoY Change 4.03%
Common Stock $23.00K $23.00K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $9.773M
YoY Change
Treasury Stock Shares $1.424M
Shareholders Equity $53.00M $52.32M $52.55M
YoY Change
Total Liabilities & Shareholders Equity $70.93M $68.19M $72.68M
YoY Change -0.27% -6.18% -5.29%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income $531.0K $664.0K $645.0K
YoY Change -190.15% 2.95% -13.42%
Depreciation, Depletion And Amortization $300.0K $290.0K $301.0K
YoY Change 1.69% -3.65% 18.5%
Cash From Operating Activities $1.530M $797.0K $277.0K
YoY Change -172.86% 187.73% -87.44%
INVESTING ACTIVITIES
Capital Expenditures $80.00K $87.00K -$164.0K
YoY Change -127.59% -153.05% -241.38%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$80.00K -$87.00K -$164.0K
YoY Change -72.41% -46.95% 41.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 0.000 -4.000K
YoY Change -100.0% -100.0% -99.76%
NET CHANGE
Cash From Operating Activities 1.530M 797.0K 277.0K
Cash From Investing Activities -80.00K -87.00K -164.0K
Cash From Financing Activities 0.000 0.000 -4.000K
Net Change In Cash 1.450M 671.0K 109.0K
YoY Change -131.59% 515.6% -74.77%
FREE CASH FLOW
Cash From Operating Activities $1.530M $797.0K $277.0K
Capital Expenditures $80.00K $87.00K -$164.0K
Free Cash Flow $1.450M $710.0K $441.0K
YoY Change -180.11% 61.0% -78.89%

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