Friedman industries inc (FRD)
Balance Sheet / TTM
Dec'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'11Mar'11
CURRENT ASSETS:
Cash

22,333

19,371

10,804

11,667

2,575

3,671

3,298

11,667

2,123

3,203

3,904

1,461

5,925

7,133

817

2,796

4,462

1,731

3,824

2,225

6,960

7,227

10,788

15,081

17,089

13,980

17,596

15,923

16,602

20,683

13,856

11,881

19,498

19,564

17,004

7,210

Accounts receivable, net of allowances for bad debts and cash discounts of $68,415 at December 31, 2019 and $29,178 at March 31, 2019

9,845

12,886

15,868

13,183

17,207

17,450

18,247

13,183

7,054

8,783

8,259

8,939

4,929

5,202

7,347

4,822

4,799

7,222

5,651

6,896

5,039

8,063

8,106

9,347

4,938

7,528

8,458

9,037

6,687

8,301

11,639

16,284

12,253

12,273

11,370

12,594

Inventories

35,543

36,092

43,757

49,062

59,415

54,647

59,598

49,062

46,399

40,143

39,415

34,918

34,563

34,051

39,859

41,939

43,169

40,416

40,169

40,850

50,820

40,046

38,913

35,288

38,027

39,497

32,021

39,219

32,906

34,212

34,840

36,753

28,822

26,259

29,615

34,679

Other

1,568

1,008

499

543

684

1,064

535

543

380

307

16

113

182

264

25

143

230

341

18

144

241

357

29

129

239

357

11

103

836

298

8

88

169

233

165

77

TOTAL CURRENT ASSETS

69,291

69,359

70,930

74,456

79,882

76,833

81,681

74,456

55,957

52,438

51,595

45,432

45,601

46,652

48,050

49,701

52,661

49,712

49,664

50,117

63,061

55,694

57,837

59,846

60,294

61,364

58,086

64,283

57,033

63,496

60,345

65,007

60,743

58,331

58,155

54,562

PROPERTY, PLANT AND EQUIPMENT:
Land

1,452

1,452

1,452

1,452

1,452

1,452

1,452

1,452

1,452

1,452

1,452

1,082

1,082

1,082

1,082

1,082

1,082

1,082

1,082

1,082

1,412

1,410

1,410

1,082

1,109

1,082

1,082

1,082

1,082

1,082

1,082

1,082

1,082

1,082

1,082

1,082

Buildings and yard improvements

8,879

8,863

8,825

8,821

8,816

8,813

8,813

8,821

8,682

8,598

8,598

7,111

7,111

7,111

7,111

7,111

7,101

7,101

7,101

7,026

8,132

7,736

7,188

7,014

7,014

7,014

7,014

7,014

7,014

7,014

7,014

7,014

7,014

7,014

7,014

7,014

Machinery and equipment

39,746

38,930

38,844

38,176

39,824

39,386

39,368

38,176

39,237

39,229

39,206

31,451

31,445

31,445

31,409

30,903

30,851

30,816

30,768

30,690

35,484

35,076

32,219

30,691

30,634

30,446

30,308

30,293

30,260

29,929

29,884

29,839

30,186

30,085

30,040

29,876

Construction in progress

2,114

-

-

-

-

-

-

-

0

0

0

9,451

9,313

9,095

8,893

9,200

9,034

8,494

8,056

7,374

-

-

-

1,509

-

-

-

-

-

-

-

-

-

-

-

-

Less accumulated depreciation

37,464

37,154

36,845

36,540

36,353

35,995

35,638

36,540

34,920

34,562

34,206

33,924

33,532

33,133

32,731

32,329

31,931

31,512

31,084

30,656

30,302

29,822

29,378

28,934

28,479

28,025

27,568

27,111

26,662

26,222

25,771

25,324

25,219

24,757

24,299

23,841

Property, plant, and equipment, net

14,728

12,091

12,277

11,909

13,740

13,656

13,995

11,909

14,452

14,717

15,050

15,173

15,420

15,601

15,764

15,968

16,139

15,982

15,924

15,517

14,727

14,401

11,440

11,362

10,278

10,517

10,836

11,278

11,694

11,803

12,209

12,611

13,063

13,424

13,837

14,131

OTHER ASSETS:
Deferred income tax asset

-

-

-

-

-

-

-

-

463

960

1,107

1,165

1,081

947

449

408

80

116

151

187

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Federal income taxes recoverable

-

-

-

-

-

-

-

-

866

913

913

913

913

913

1,068

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash value of officers’ life insurance and other assets

169

172

296

235

236

230

224

235

206

340

336

578

563

548

533

812

799

1,170

1,153

1,136

1,120

1,105

1,090

1,075

1,059

1,044

1,028

1,013

997

982

966

951

935

920

905

890

Income taxes recoverable

40

304

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash value of officers' life insurance and other assets

169

172

296

235

236

230

224

235

206

340

336

578

-

-

-

-

-

-

1,153

-

1,120

1,105

1,090

1,075

1,059

1,044

1,028

1,013

997

982

966

951

935

920

905

890

TOTAL ASSETS

84,229

81,927

83,504

86,601

93,859

90,720

95,900

86,601

71,946

69,369

69,003

63,263

63,580

64,662

65,867

66,890

69,681

66,981

66,893

66,958

78,910

71,201

70,368

72,284

71,632

72,926

69,951

76,575

69,725

76,281

73,521

78,570

74,742

72,675

72,898

69,584

CURRENT LIABILITIES:
Accounts payable and accrued expenses

12,175

8,847

8,361

11,577

16,727

12,808

19,624

11,577

6,575

7,680

7,748

2,003

1,880

2,603

3,181

2,476

4,498

1,826

1,370

2,148

13,476

5,424

5,562

7,206

6,702

7,880

4,330

11,181

4,626

7,866

4,933

12,091

9,277

8,238

9,249

7,338

Income taxes payable

-

-

224

159

175

913

862

159

-

-

-

-

-

-

-

-

-

-

62

-

-

79

-

-

-

-

-

-

-

0

940

98

0

59

821

350

Deferred credit for LIFO inventory replacement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

32

54

-

-

-

-

-

-

-

-

-

Deferred credit for LIFO inventory replacement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

363

30

82

-

Dividends payable

139

139

279

279

420

420

210

279

70

70

70

70

67

67

67

67

67

67

67

67

135

135

135

135

135

543

543

543

883

883

883

883

883

883

883

747

Contribution to retirement plan

200

150

100

50

200

135

90

50

162

114

84

42

170

130

87

43

180

153

102

51

190

157

105

52

210

157

105

52

210

157

105

52

200

150

100

50

Employee compensation and related expenses

254

371

288

297

334

699

925

297

252

355

264

240

192

301

313

277

332

384

502

383

201

542

323

375

317

392

471

533

455

692

737

727

617

825

700

979

Current portion of financing lease

100

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revolving line of credit

-

-

-

-

-

-

-

-

3,750

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

TOTAL CURRENT LIABILITIES

12,870

9,509

9,255

12,364

17,858

14,976

21,712

12,364

10,809

8,220

8,168

2,356

2,311

3,103

3,650

2,865

5,078

2,432

2,105

2,651

14,004

6,339

6,126

7,770

7,366

9,006

5,504

12,312

6,175

9,600

7,601

13,853

11,342

10,187

11,838

9,467

POSTRETIREMENT BENEFITS OTHER THAN PENSIONS

97

94

212

210

197

189

182

210

170

307

306

550

535

521

507

785

771

1,136

1,113

1,089

1,070

1,051

1,032

1,013

995

978

965

943

920

898

876

853

834

815

796

777

DEFERRED INCOME TAX LIABILITY

916

1,426

1,529

1,545

1,798

1,864

1,968

1,545

-

-

-

0

-

-

-

-

-

-

-

-

97

125

152

189

213

236

259

362

376

397

418

445

468

491

514

536

OTHER NON-CURRENT LIABILITIES

404

18

26

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

TOTAL LIABILITIES

14,288

11,048

11,024

14,120

19,853

17,030

23,863

14,120

10,980

8,528

8,474

2,906

2,847

3,624

4,157

3,651

-

-

-

3,740

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

COMMITMENTS AND CONTINGENCIES

-

-

-

-

-

0

0

-

0

0

0

0

0

-

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

STOCKHOLDERS’ EQUITY:
Common stock, par value $1: Authorized shares — 10,000,000 Issued shares — 8,225,160 shares and 8,205,160 shares at December 31 and March 31, 2019, respectively

8,225

8,225

8,225

8,205

8,185

8,185

8,185

8,205

8,185

8,185

8,185

8,185

7,975

7,975

7,975

7,975

7,975

7,975

7,975

7,975

7,975

7,975

7,975

7,975

7,975

7,975

7,975

7,975

7,975

7,975

7,975

7,975

7,975

7,975

7,975

7,975

Additional paid-in capital

29,552

29,468

29,385

29,322

29,371

29,299

29,227

29,322

29,082

29,010

28,938

28,865

29,003

29,003

29,003

29,003

29,003

29,003

29,003

29,003

29,003

29,003

29,003

29,003

29,003

29,003

29,003

29,003

29,003

29,003

29,003

29,003

29,003

29,003

29,003

29,003

Treasury stock at cost (1,225,716 shares at December 31 and March 31, 2019)

5,525

5,525

5,525

5,525

5,475

5,475

5,475

5,525

5,475

5,475

5,475

5,475

5,475

5,475

5,475

5,475

5,475

5,475

5,475

5,475

5,475

5,475

5,475

5,475

5,475

5,475

5,475

5,475

5,475

5,475

5,475

5,475

5,475

5,475

5,475

5,475

Retained earnings

37,689

38,710

40,394

40,479

41,925

41,681

40,100

40,479

29,174

29,121

28,881

28,781

29,230

29,535

30,206

31,736

32,327

31,910

32,172

31,714

32,234

32,183

31,553

31,807

31,554

31,202

31,719

31,454

30,749

33,882

33,122

31,914

30,593

29,678

28,247

27,299

TOTAL STOCKHOLDERS’ EQUITY

69,940

70,878

72,479

72,481

74,006

73,689

72,037

72,481

60,966

60,841

60,529

60,356

60,733

61,037

61,709

63,239

63,830

63,413

63,674

63,217

63,737

63,686

63,056

63,310

63,057

62,705

63,222

62,957

62,252

65,385

64,625

63,417

62,096

61,180

59,749

58,802

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

84,229

81,927

83,504

86,601

93,859

90,720

95,900

86,601

71,946

69,369

69,003

63,263

63,580

64,662

65,867

66,890

69,681

66,981

66,893

66,958

78,910

71,201

70,368

72,284

71,632

72,926

69,951

76,575

69,725

76,281

73,521

78,570

74,742

72,675

72,898

69,584