Friedman Industries Inc. (FRD) financial statements (2022 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 thousands)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,0668,19117,05811,6674,0531,4622,797
Cash and cash equivalents3,0668,19117,05811,6674,0531,4622,797
Receivables26,24320,37811,70513,18317,4588,9394,822
Inventory, net of allowances, customer advances and progress billings84,55436,01635,66849,06238,03934,91941,939
Inventory84,55436,01635,66849,06238,03934,91941,939
Derivative instruments and hedges, assets5,408      
Other current assets2,57812,950780544429114143
Total current assets:121,85177,53565,21274,45659,97945,43349,702
Noncurrent Assets
Nontrade receivables     913 
Property, plant and equipment27,49115,46111,50111,91014,16615,17315,968
Deferred income tax assets8211,864449
Other undisclosed noncurrent assets2781481832362181,7441,221
Total noncurrent assets:28,58917,47412,13312,14614,38417,83017,189
TOTAL ASSETS:150,44095,00977,34486,60274,36363,26366,890
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:37,96315,1858,94511,57810,2332,0042,477
Employee-related liabilities1,1882,644410297612241278
Taxes payable1,2481,455 160   
Interest and dividends payable1381381402801407068
Other undisclosed accounts payable and accrued liabilities35,38910,9488,39510,8419,4811,6932,131
Debt1041,621101    
Deferred compensation liability200505050454244
Derivative instruments and hedges, liabilities2,9777,979     
Other undisclosed current liabilities2,5744,237550737752311346
Total current liabilities:43,81929,0729,64512,36511,0312,3572,866
Noncurrent Liabilities
Long-term debt and lease obligation15,188172     
Long-term debt, excluding current maturities15,188172     
Liabilities, other than long-term debt3774258331,756278550786
Deferred tax liabilities, net1,545103  
Deferred income tax liabilities  361
Liability, pension and other postretirement and postemployment benefits115109100210175550786
Other liabilities262316372    
Total noncurrent liabilities:15,5655978331,756278550786
Total liabilities:59,38329,66910,47914,12011,3092,9073,651
Stockholders' equity
Stockholders' equity attributable to parent91,05765,34066,86572,48263,05460,35663,239
Common stock8,3458,3358,2958,2058,1858,1857,975
Treasury stock, value(7,305)(7,203)(5,526)(5,526)(5,476)(5,476)(5,476)
Additional paid in capital30,36930,00329,56529,32229,15528,86629,004
Accumulated other comprehensive loss(6,859)(11,188)     
Retained earnings66,50645,39334,53140,48031,19028,78131,736
Total stockholders' equity:91,05765,34066,86572,48263,05460,35663,239
TOTAL LIABILITIES AND EQUITY:150,44095,00977,34486,60274,36363,26366,890

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

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Revenues227,124126,103142,102187,154121,15777,75681,631
Revenue, net 77,75681,631
Cost of revenue(167,008)(102,542)(139,497)(174,249)(112,933)(77,948)(76,938)
Cost of goods and services sold(160,860)(102,517)(139,492)(174,247)(112,905)(77,948)(76,938)
Gross profit:60,11623,5612,60612,9058,224(192)4,694
Operating expenses(8,835)(7,835)(9,463)(6,522)(4,182)(4,018)(4,670)
Operating income (loss):51,28115,725(6,857)6,3834,042(4,210)23
Nonoperating expense(4,801)(503)     
Investment income, nonoperating859      
Interest and debt expense1,554(25)(5)(18)(28)  
Other undisclosed loss from continuing operations before equity method investments, income taxes(503)      
Income (loss) from continuing operations before equity method investments, income taxes:47,53115,197(6,862)6,3664,015(4,210)23
Other undisclosed income (loss) from continuing operations before income taxes(1,569)25244585359375
Income (loss) from continuing operations before income taxes:45,96215,222(6,838)6,8244,067(4,151)399
Income tax expense (benefit)(10,779)(3,797)1,589(1,724)(1,308)1,472(105)
Net income (loss) available to common stockholders, diluted:35,18211,424(5,249)5,1002,759(2,679)294

Comprehensive Income ($ in thousands)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Net income (loss):35,18211,424(5,249)5,1002,759(2,679)294
Other comprehensive income4,329      
Comprehensive income (loss):39,51211,424(5,249)5,1002,759(2,679)294
Other undisclosed comprehensive loss, net of tax, attributable to parent(11,188)(11,188)     
Comprehensive income (loss), net of tax, attributable to parent:28,324237(5,249)5,1002,759(2,679)294

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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