Flexsteel Industries, Inc. (FLXS) financial statements (2020 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)

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3722444737122
Cash and cash equivalents3722282937122
Short-term investments  1618   
Receivables42384142454539
Inventory, net of allowances, customer advances and progress billings879496998611498
Inventory879496998611498
Assets held-for-sale, not part of disposal group1    
Other current assets61287973
Other undisclosed current assets     44
Total current assets:172166190195176171165
Noncurrent Assets
Operating lease, right-of-use asset14
Property, plant and equipment75799171646532
Deferred costs     4 
Deferred income tax assets8
Other noncurrent assets12223711
Other undisclosed noncurrent assets 8124(2)2
Total noncurrent assets:98889575707345
TOTAL ASSETS:270254284270247245210
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4138373733459
Accounts payable201817171118 
Accrued liabilities161515141518 
Employee-related liabilities4456788
Taxes payable      1
Interest and dividends payable     1 
Debt5    12 
Deferred compensation liability     11
Restructuring reserve16    
Accrued environmental loss contingencies444    
Other undisclosed current liabilities     (7)27
Total current liabilities:51484137335137
Noncurrent Liabilities
Long-term debt and lease obligation9      
Operating lease, liability9
Liabilities, other than long-term debt1122477
Deferred compensation liability, classified    133
Other liabilities1122343
Total noncurrent liabilities:10122477
Total liabilities:60494339375843
Stockholders' equity
Stockholders' equity attributable to parent209205242231210187167
Common stock8888877
Additional paid in capital31282626231915
Accumulated other comprehensive income (loss) 0(2)(2)(2)(2)(1)
Retained earnings171170210198181162145
Total stockholders' equity:209205242231210187167
TOTAL LIABILITIES AND EQUITY:270254284270247245210

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

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Revenues415444489469500467439
Revenue, net489469500467439
Cost of revenue
(Cost of Goods and Services Sold)
(355)(374)(391)(360)(386)(357)(338)
Gross profit:607098109114110100
Operating expenses(120)(113)(76)(71)(76)(79)(74)
Other undisclosed operating income (loss)19 2  4(4)
Operating income (loss):(41)(43)2537383422
Nonoperating income
(Other Nonoperating income)
01     
Interest and debt expense    (0)(0) 
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes0 10(0)12
Income (loss) from continuing operations before income taxes:(41)(43)2538383624
Income tax expense (benefit)910(7)(14)(14)(13)(9)
Net income (loss) available to common stockholders, diluted:(31)(33)1824242215

Comprehensive Income ($ in millions)

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Net income (loss):(31)(33)1824242215
Other comprehensive income (loss)2200(1)(0) 
Comprehensive income (loss):(29)(31)1824242215
Other undisclosed comprehensive income (loss), net of tax, attributable to parent00(0)00(0)(0)
Comprehensive income (loss), net of tax, attributable to parent:(29)(31)1824242215

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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