Friedman Industries Inc. (FRD) financial statements (2021 and earlier)

Company profile

Business Address 1121 JUDSON RD
LONGVIEW, TX 75601
State of Incorp. TX
Fiscal Year End March 31
SIC 331 - Steel Works, Blast Furnaces, And Rolling And Finishing Mills (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1617124132
Cash and cash equivalents1617124132
Receivables12121317957
Inventory, net of allowances, customer advances and progress billings30364938354241
Inventory30364938354241
Other current assets5110000
Total current assets:64657460455050
Noncurrent Assets
Nontrade receivables    1  
Property, plant and equipment15121214151616
Deferred income tax assets 0
Other undisclosed noncurrent assets0000211
Total noncurrent assets:15121214181717
TOTAL ASSETS:79778774636767
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:691210222
Employee-related liabilities1001000
Taxes payable0 0    
Interest and dividends payable0000000
Other undisclosed accounts payable and accrued liabilities58119222
Debt10     
Deferred compensation liability0000000
Other undisclosed current liabilities1111000
Total current liabilities:9101211233
Noncurrent Liabilities
Long-term debt and lease obligation0      
Long-term debt, excluding current maturities0      
Liabilities, other than long-term debt1120111
Deferred tax liabilities, net20   
Deferred income tax liabilities10
Liability, pension and other postretirement and postemployment benefits0000111
Other liabilities00     
Total noncurrent liabilities:1120111
Total liabilities:10101411344
Stockholders' equity
Stockholders' equity attributable to parent69677263606363
Common stock8888888
Treasury stock, value(7)(6)(6)(5)(5)(5)(5)
Additional paid in capital30302929292929
Accumulated other comprehensive income3      
Retained earnings35354031293232
Total stockholders' equity:69677263606363
TOTAL LIABILITIES AND EQUITY:79778774636767

Income statement (P&L) ($ in millions)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
Revenues741421871217882108
Revenue, net 7882108
Cost of revenue(80)(139)(174)(113)(78)(77)(103)
Cost of goods and services sold(78)(139)(174)(113)(78)(77)(103)
Gross profit:(6)3138(0)55
Operating expenses(8)(9)(7)(4)(4)(5)(4)
Operating income (loss):(14)(7)64(4)01
Interest and debt expense(0)(0)(0)(0)   
Income (loss) from continuing operations before equity method investments, income taxes:(14)(7)64(4)01
Other undisclosed income (loss) from continuing operations before income taxes(0)000000
Income (loss) from continuing operations before income taxes:(14)(7)74(4)01
Income tax expense (benefit)32(2)(1)1(0)(0)
Net income (loss) available to common stockholders, diluted:(10)(5)53(3)00

Comprehensive Income ($ in millions)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
Net income (loss):(10)(5)53(3)00
Comprehensive income (loss):(10)(5)53(3)00
Other undisclosed comprehensive income, net of tax, attributable to parent3      
Comprehensive income (loss), net of tax, attributable to parent:(8)(5)53(3)00

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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