Flexsteel Industries, Inc. (FLXS) financial statements (2022 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 thousands)
| 12/31/2021 TTM | 6/30/2021 | 6/30/2020 | 6/30/2019 | 6/30/2018 | 6/30/2017 | 6/30/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 4,087 | 1,342 | 48,197 | 22,247 | 43,701 | 46,832 | 36,780 | ||
| Cash and cash equivalents | 4,087 | 1,342 | 48,197 | 22,247 | 27,750 | 28,874 | 36,780 | ||
| Short-term investments | 15,951 | 17,958 | |||||||
| Receivables | 50,001 | 55,986 | 32,217 | 38,157 | 41,253 | 42,362 | 44,618 | ||
| Inventory, net of allowances, customer advances and progress billings | 179,042 | 161,125 | 70,565 | 93,659 | 96,204 | 99,397 | 85,904 | ||
| Inventory | 179,042 | 161,125 | 70,565 | 93,659 | 96,204 | 99,397 | 85,904 | ||
| Assets held-for-sale, not part of disposal group | 616 | 666 | 12,329 | ||||||
| Other current assets | 8,399 | 9,421 | 18,535 | 11,904 | 8,476 | 6,659 | 9,141 | ||
| Total current assets: | 242,145 | 228,540 | 181,843 | 165,967 | 189,634 | 195,250 | 176,443 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 41,206 | 27,057 | 8,683 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 38,495 | 39,783 | 43,312 | 79,238 | 90,725 | 70,661 | 64,124 | ||
| Deferred income tax assets | 2,111 | ✕ | ✕ | ✕ | ✕ | ||||
| Other noncurrent assets | 1,908 | 1,399 | 1,310 | 1,518 | 2,479 | 2,394 | 2,669 | ||
| Other undisclosed noncurrent assets | 7,564 | 1,455 | 1,740 | 3,660 | |||||
| Total noncurrent assets: | 81,609 | 68,239 | 55,416 | 88,320 | 94,659 | 74,795 | 70,453 | ||
| TOTAL ASSETS: | 323,754 | 296,779 | 237,259 | 254,287 | 284,293 | 270,045 | 246,896 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 58,124 | 88,826 | 43,493 | 37,961 | 37,329 | 37,195 | 33,357 | ||
| Accounts payable | 38,092 | 67,773 | 27,747 | 18,414 | 17,228 | 16,758 | 11,023 | ||
| Accrued liabilities | 14,324 | 13,391 | 12,471 | 15,119 | 14,642 | 14,182 | 15,348 | ||
| Employee-related liabilities | 5,708 | 7,662 | 3,275 | 4,428 | 5,459 | 6,255 | 6,986 | ||
| Deferred revenue | 160 | 200 | ✕ | ✕ | ✕ | ✕ | |||
| Restructuring reserve | 2,671 | 1,522 | 1,961 | 6,203 | |||||
| Accrued environmental loss contingencies | 3,570 | 3,570 | 3,600 | 3,600 | 3,600 | ||||
| Other undisclosed current liabilities | 6,665 | 5,673 | 4,208 | ||||||
| Total current liabilities: | 71,030 | 99,751 | 53,462 | 47,764 | 40,929 | 37,195 | 33,357 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 96,975 | 27,817 | 7,607 | ||||||
| Long-term debt, excluding current maturities | 59,734 | 3,500 | |||||||
| Operating lease, liability | 37,241 | 24,317 | 7,607 | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 685 | 1,243 | 685 | 1,096 | 1,666 | 2,090 | 3,889 | ||
| Deferred compensation liability, classified | 894 | ||||||||
| Other liabilities | 685 | 1,243 | 685 | 1,096 | 1,666 | 2,090 | 2,995 | ||
| Total noncurrent liabilities: | 97,660 | 29,060 | 8,292 | 1,096 | 1,666 | 2,090 | 3,889 | ||
| Total liabilities: | 168,690 | 128,811 | 61,754 | 48,860 | 42,595 | 39,285 | 37,246 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 155,064 | 167,968 | 175,505 | 205,427 | 241,698 | 230,760 | 209,650 | ||
| Common stock | 8,153 | 8,133 | 8,008 | 7,903 | 7,868 | 7,822 | 7,700 | ||
| Treasury stock, value | (40,978) | (31,320) | (1,563) | ||||||
| Additional paid in capital | 36,001 | 34,015 | 31,748 | 27,512 | 26,321 | 26,186 | 23,259 | ||
| Accumulated other comprehensive income (loss) | 8 | (2,044) | (1,713) | (2,228) | |||||
| Retained earnings | 151,888 | 157,140 | 137,312 | 170,004 | 209,553 | 198,465 | 180,919 | ||
| Total stockholders' equity: | 155,064 | 167,968 | 175,505 | 205,427 | 241,698 | 230,760 | 209,650 | ||
| TOTAL LIABILITIES AND EQUITY: | 323,754 | 296,779 | 237,259 | 254,287 | 284,293 | 270,045 | 246,896 | ||
Income statement (P&L) ($ in thousands)
| 12/31/2021 TTM | 6/30/2021 | 6/30/2020 | 6/30/2019 | 6/30/2018 | 6/30/2017 | 6/30/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 533,937 | 478,925 | 366,926 | 443,588 | 489,180 | 468,764 | 500,106 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 489,180 | 468,764 | 500,106 | |
| Cost of revenue (Cost of Goods and Services Sold) | (451,463) | (382,195) | (313,873) | (373,648) | (390,961) | (360,113) | (386,407) | |
| Gross profit: | 82,474 | 96,730 | 53,053 | 69,940 | 98,219 | 108,651 | 113,699 | |
| Operating expenses | (73,181) | (71,411) | (106,664) | (113,094) | (75,549) | (71,387) | (75,631) | |
| Other undisclosed operating income | 1,400 | 5,881 | 19,216 | 1,835 | ||||
| Operating income (loss): | 10,693 | 31,200 | (34,395) | (43,154) | 24,505 | 37,264 | 38,068 | |
| Nonoperating income (Other Nonoperating income) | 158 | 267 | 638 | 546 | ||||
| Interest and debt expense | (426) | (69) | ||||||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 621 | 322 | (72) | |||||
| Income (loss) from continuing operations before income taxes: | 10,425 | 31,467 | (33,757) | (42,608) | 25,126 | 37,586 | 37,927 | |
| Income tax expense (benefit) | (2,898) | (8,419) | 6,913 | 10,003 | (7,460) | (13,800) | (13,690) | |
| Net income (loss) available to common stockholders, diluted: | 7,527 | 23,048 | (26,844) | (32,605) | 17,666 | 23,786 | 24,237 | |
Comprehensive Income ($ in thousands)
| 12/31/2021 TTM | 6/30/2021 | 6/30/2020 | 6/30/2019 | 6/30/2018 | 6/30/2017 | 6/30/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 7,527 | 23,048 | (26,844) | (32,605) | 17,666 | 23,786 | 24,237 | |
| Other comprehensive income (loss) | 3 | 2,005 | 58 | 457 | (698) | |||
| Comprehensive income (loss): | 7,527 | 23,048 | (26,841) | (30,600) | 17,724 | 24,243 | 23,539 | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (11) | 47 | (55) | 58 | 206 | |||
| Comprehensive income (loss), net of tax, attributable to parent: | 7,527 | 23,048 | (26,852) | (30,553) | 17,669 | 24,301 | 23,745 | |
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.