Flexsteel Industries, Inc. (FLXS) financial statements (2021 and earlier)

Company profile

Business Address 385 BELL ST.
DUBUQUE, IA 52001
State of Incorp. MN
Fiscal Year End June 30
SIC 251 - Household Furniture (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3348224447371
Cash and cash equivalents3348222829371
Short-term investments   1618  
Receivables46323841424545
Inventory, net of allowances, customer advances and progress billings927194969986114
Inventory927194969986114
Assets held-for-sale, not part of disposal group112    
Other current assets1219128797
Other undisclosed current assets      4
Total current assets:185182166190195176171
Noncurrent Assets
Operating lease, right-of-use asset99
Property, plant and equipment40437991716465
Deferred costs      4
Deferred income tax assets 2
Other noncurrent assets1122237
Other undisclosed noncurrent assets  8124(2)
Total noncurrent assets:51558895757073
TOTAL ASSETS:236237254284270247245
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities49433837373345
Accounts payable28281817171118
Accrued liabilities13121515141518
Employee-related liabilities8345678
Interest and dividends payable      1
Deferred revenue 0
Debt      12
Deferred compensation liability      1
Restructuring reserve126    
Accrued environmental loss contingencies4444   
Other undisclosed current liabilities44    (7)
Total current liabilities:58534841373351
Noncurrent Liabilities
Long-term debt and lease obligation88     
Operating lease, liability88
Liabilities, other than long-term debt1112247
Deferred compensation liability, classified     13
Other liabilities1112234
Total noncurrent liabilities:9812247
Total liabilities:67624943393758
Stockholders' equity
Stockholders' equity attributable to parent168176205242231210187
Common stock8888887
Treasury stock, value(22)(2)     
Additional paid in capital33322826262319
Accumulated other comprehensive income (loss)  0(2)(2)(2)(2)
Retained earnings149137170210198181162
Total stockholders' equity:168176205242231210187
TOTAL LIABILITIES AND EQUITY:236237254284270247245

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

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Revenues388367444489469500467
Revenue, net489469500467
Cost of revenue
(Cost of Goods and Services Sold)
(321)(314)(374)(391)(360)(386)(357)
Gross profit:67537098109114110
Operating expenses(90)(107)(113)(76)(71)(76)(79)
Other undisclosed operating income119 2  4
Operating income (loss):(22)(34)(43)25373834
Nonoperating income
(Other Nonoperating income)
111    
Interest and debt expense(0)    (0)(0)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes0  10(0)1
Income (loss) from continuing operations before income taxes:(22)(34)(43)25383836
Income tax expense (benefit)3710(7)(14)(14)(13)
Net income (loss) available to common stockholders, diluted:(19)(27)(33)18242422

Comprehensive Income ($ in millions)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Net income (loss):(19)(27)(33)18242422
Other comprehensive income (loss) 0200(1)(0)
Comprehensive income (loss):(19)(27)(31)18242422
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (0)0(0)00(0)
Comprehensive income (loss), net of tax, attributable to parent:(19)(27)(31)18242422

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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