Flexsteel industries, inc. (FLXS)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11
ASSETS
CURRENT ASSETS:
Cash and cash equivalents

62,540

37,334

36,236

22,247

28,587

25,581

23,349

27,750

23,606

17,579

33,446

28,874

-

-

-

36,780

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash

-

-

-

-

-

-

-

-

-

-

-

-

37,598

40,817

42,668

-

15,374

329

1,865

1,282

5,728

155

10,307

22,176

17,305

8,876

10,625

10,934

11,737

8,149

6,528

13,970

19,273

15,871

14,086

17,889

Investments

-

-

-

-

-

7,985

17,950

15,951

17,960

19,943

13,962

17,958

9,991

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Trade receivables - less allowances: March 31, 2020, $4,500; June 30, 2019, $250

34,292

41,567

36,325

38,157

40,128

42,685

43,578

41,253

45,292

47,451

45,814

42,362

43,644

44,053

42,834

44,618

45,324

49,779

46,643

45,101

46,688

43,504

40,941

38,536

40,393

41,506

38,926

36,075

36,997

34,084

35,791

33,601

33,835

32,055

32,137

31,451

Inventories

75,096

86,550

93,568

93,659

95,928

93,905

90,284

96,204

106,195

110,224

104,223

99,397

92,698

96,284

86,699

85,904

97,319

111,197

108,872

113,842

108,112

109,401

106,160

97,940

92,100

98,853

97,131

92,417

86,031

87,731

85,540

82,689

75,479

79,012

78,377

73,680

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,140

4,780

-

4,530

4,640

4,230

4,230

4,380

7,120

5,100

4,970

4,820

4,060

3,920

3,750

4,050

3,940

3,980

3,700

Other

14,924

5,703

4,432

11,904

15,230

10,419

8,478

8,476

7,718

7,050

9,335

6,659

8,401

7,419

7,226

9,141

13,088

11,321

6,770

6,777

3,985

5,595

3,782

2,528

2,729

5,557

4,908

4,805

4,451

3,176

1,902

1,583

1,735

1,775

1,425

1,633

Assets held for sale

129

629

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current assets

186,981

171,783

170,561

165,967

179,873

180,575

183,639

189,634

200,771

202,247

206,780

195,250

192,332

188,573

179,427

176,443

171,105

177,766

168,930

167,002

169,043

163,295

165,420

165,410

156,907

161,912

156,690

149,201

144,036

137,200

133,681

135,593

134,372

132,653

130,005

128,353

NONCURRENT ASSETS:
Property, plant and equipment, net

74,653

74,946

76,486

79,238

83,001

102,614

99,178

90,725

82,084

75,657

69,919

70,661

68,949

68,425

66,552

64,124

65,856

66,643

64,796

64,770

64,096

59,956

56,737

31,900

32,637

31,617

31,696

32,145

32,399

32,624

33,241

29,867

25,731

23,348

21,274

21,387

Operating lease right-of-use assets

12,793

14,106

11,516

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

93

7,577

-

7,564

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

7,577

-

1,205

1,495

1,825

1,455

1,875

1,025

840

1,740

2,680

3,020

2,930

3,660

4,270

-

1,380

6,090

1,800

1,990

2,150

2,170

2,090

1,980

1,420

1,190

2,055

3,195

2,965

3,160

2,490

2,470

2,490

2,560

Other assets

1,318

1,322

1,332

1,518

1,336

2,406

2,506

2,479

2,008

2,526

2,434

2,394

2,384

2,880

2,843

2,669

2,709

3,470

5,686

6,757

10,214

11,412

11,081

10,733

10,466

11,043

10,314

10,003

12,096

12,758

13,407

13,052

12,831

12,450

11,750

12,377

TOTAL ASSETS

275,838

269,734

267,472

254,287

265,415

287,090

287,148

284,293

286,738

281,455

279,973

270,045

266,345

262,898

251,752

246,896

243,940

247,879

240,792

244,619

245,153

236,653

235,388

210,213

202,100

206,552

200,120

192,539

190,586

185,777

183,294

181,672

175,424

170,921

165,519

164,677

LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable - trade

23,046

20,397

14,506

18,414

16,480

18,978

19,510

17,228

17,367

18,427

18,674

16,758

16,004

20,053

13,299

11,023

13,219

15,859

14,367

18,329

22,465

18,620

25,479

15,818

13,625

15,416

16,262

13,927

14,064

13,826

12,838

12,973

9,322

12,180

9,841

9,899

Lines of credit

15,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current portion of operating lease liabilities

4,686

5,112

4,373

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes payable short term

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,945

6,807

11,904

-

6,481

11,996

-

-

-

-

-

-

-

-

-

-

-

-

-

Litigation settlement payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,250

-

-

-

-

-

-

-

-

-

-

Accrued liabilities:
Payroll and related items

3,842

4,336

4,335

4,428

4,536

5,340

5,325

5,459

6,437

5,627

5,146

6,255

6,117

5,013

4,741

6,986

6,329

5,749

5,694

7,931

7,572

6,511

6,144

8,452

8,366

6,456

5,762

7,836

7,689

6,053

5,929

8,037

7,983

6,007

5,464

6,922

Insurance

4,103

4,211

4,443

4,554

4,616

4,432

4,293

4,439

5,771

5,882

5,802

5,423

5,731

5,720

5,712

5,252

5,488

5,098

4,252

4,308

4,614

4,735

4,813

4,602

5,024

4,934

4,589

4,667

4,824

4,451

4,526

4,440

5,614

5,671

5,599

5,645

Restructuring costs

982

1,249

2,619

6,203

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advertising

2,724

3,954

3,118

3,497

3,251

4,954

4,306

4,192

-

-

-

3,883

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Environmental remediation

3,600

3,600

3,600

3,600

3,600

3,600

3,600

3,600

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

6,423

7,913

7,774

7,068

5,274

6,362

6,755

6,011

13,833

9,416

12,980

4,876

9,036

9,738

10,023

10,096

10,002

11,378

12,217

8,848

8,307

8,580

9,756

7,894

7,581

10,446

12,829

9,072

7,599

7,070

7,637

6,399

7,843

5,977

6,437

5,204

Total current liabilities

64,406

50,772

44,768

47,764

37,757

43,666

43,789

40,929

43,408

39,352

42,602

37,195

36,888

40,524

33,775

33,357

35,038

44,029

43,337

51,320

42,958

44,927

58,188

36,766

34,596

43,502

39,442

35,502

34,176

31,400

30,930

31,849

30,762

29,835

27,341

27,670

LONG-TERM LIABILITIES:
Operating lease liabilities, less current maturities

8,473

9,032

7,483

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes Payable long term

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,745

9,514

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

962

922

-

920

1,705

1,817

2,915

2,924

3,819

3,692

3,396

3,344

3,462

2,759

2,414

4,221

5,012

5,961

5,613

5,473

5,311

5,390

5,270

Other liabilities

692

689

698

1,096

1,032

1,638

1,701

1,666

1,860

2,308

2,268

2,090

3,968

2,950

3,028

3,889

3,722

4,530

3,762

3,637

3,291

3,181

3,062

3,316

3,959

3,747

3,523

3,386

4,678

4,568

4,484

4,768

2,946

2,758

2,598

3,164

Total liabilities

73,571

60,493

52,949

48,860

38,789

45,304

45,490

42,595

45,268

41,660

44,870

39,285

40,856

44,436

37,725

37,246

39,680

50,264

48,916

57,872

63,918

61,441

64,942

43,478

41,899

50,711

45,724

41,302

43,075

40,980

41,375

42,230

39,181

37,904

35,329

36,104

COMMITMENTS AND CONTINGENCIES (Note 13)

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

0

-

-

0

0

-

-

-

0

-

-

-

0

-

-

-

0

SHAREHOLDERS' EQUITY:
Cumulative preferred stock - $50 par value; authorized 60,000 shares; outstanding - none

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Undesignated (subordinated) stock - $1 par value; authorized 700,000 shares; outstanding - none

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock - $1 par value; authorized 15,000,000 shares; outstanding March 31, 2020, 8,000,663 shares; outstanding June 30, 2019, 7,902,708 shares

8,001

7,950

7,942

7,903

7,894

7,889

7,884

7,868

7,855

7,851

7,845

7,822

7,815

7,789

7,774

7,700

7,656

7,611

7,557

7,480

7,436

7,436

7,403

7,371

7,312

7,223

7,178

7,107

7,102

7,077

7,006

6,906

6,795

6,764

6,762

6,711

Additional paid-in capital

30,758

30,732

28,822

27,512

27,080

27,012

26,687

26,321

26,587

26,249

26,046

26,186

25,849

24,916

24,314

23,259

22,108

21,075

19,586

18,827

17,391

16,982

15,628

15,386

13,684

12,511

11,200

10,615

10,446

9,965

8,960

8,476

7,568

7,243

6,851

6,698

Retained earnings

163,508

170,559

177,759

170,004

191,657

208,945

209,115

209,553

208,764

207,413

202,919

198,465

194,009

187,948

184,116

180,919

176,140

170,575

166,578

162,176

157,743

152,125

148,779

145,234

140,707

137,384

137,298

134,606

131,433

129,380

127,520

125,699

122,336

119,673

117,401

115,699

Accumulated other comprehensive income

-

-

-

8

-5

-2,060

-2,028

-2,044

-1,736

-1,718

-1,707

-1,713

-2,184

-2,191

-2,177

-2,228

-1,644

-1,646

-1,845

-1,736

-1,335

-1,331

-1,364

-1,256

-1,502

-1,277

-1,280

-1,091

-1,470

-1,625

-1,567

-1,639

-456

-663

-824

-535

Total shareholders' equity

202,267

209,241

214,523

205,427

226,626

241,786

241,658

241,698

241,470

239,795

235,103

230,760

225,489

218,462

214,027

-

204,260

197,615

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total shareholders' equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

209,650

-

-

191,876

186,747

181,235

175,212

170,446

166,735

160,201

155,841

154,396

151,237

147,511

144,797

141,919

139,442

136,243

133,017

130,190

128,573

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY

275,838

269,734

267,472

254,287

265,415

287,090

287,148

284,293

286,738

281,455

279,973

270,045

266,345

262,898

251,752

246,896

243,940

247,879

240,792

244,619

245,153

236,653

235,388

210,213

202,100

206,552

200,120

192,539

190,586

185,777

183,294

181,672

175,424

170,921

165,519

164,677