Friedman industries inc (FRD)
CashFlow / Quarterly
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'11Dec'10Sep'10Jun'10
OPERATING ACTIVITIES
Net earnings (loss)

-881

-1,544

194

-1,165

664

2,000

3,599

3,013

161

395

364

-376

-236

-603

-1,461

-523

485

-193

525

-452

187

765

-118

389

487

27

808

1,249

1,150

1,644

2,091

2,204

1,799

2,314

1,831

3,202

1,733

1,784

1,435

Adjustments to reconcile net earnings (loss) to cash provided by (used in) operating activities:
Depreciation

309

309

304

267

357

357

357

360

357

356

282

391

398

402

401

398

419

427

427

354

479

443

443

454

454

456

456

449

440

450

450

462

461

458

458

471

474

466

466

Deferred taxes

-509

-102

-16

-252

-66

-104

96

566

496

169

144

-84

-134

-497

-41

-327

35

35

35

-284

-27

-27

-37

-23

-23

-23

-102

-14

-20

-20

-27

-22

-22

-22

-22

163

-13

-13

-13

Compensation expense for restricted stock

83

83

83

-79

72

72

72

72

72

72

72

72

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in postretirement benefits

2

2

2

12

7

7

7

4

1

1

1

14

14

14

14

14

18

23

23

-

-

-

-

-

17

12

22

22

22

22

22

-

-

-

-

-

-

-

-

Change in post-retirement benefits other than pensions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19

19

19

19

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease (increase) in operating assets:
Change in post-retirement benefits other than pensions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-19

-19

-19

-19

-23

-23

-23

-23

Accounts receivable, net

-3,041

-2,982

2,685

-4,024

-243

-797

789

10,404

-1,729

524

-680

4,010

-273

-2,144

2,525

23

-2,423

1,571

-1,244

1,856

-3,023

-43

-1,240

4,408

-2,589

-929

-579

2,350

-1,614

-3,337

-4,645

4,030

-20

903

-1,224

5,424

-1,063

-3,378

2,926

Inventories

-549

-6,708

-5,305

-10,352

4,767

-4,951

14,269

-7,121

6,311

850

4,777

355

512

-5,808

-2,079

-1,230

2,752

247

-680

-9,969

10,774

1,132

3,624

-2,738

-1,470

7,476

-7,197

6,312

-1,306

-627

-1,913

7,931

2,562

-3,355

-5,063

7,433

-46

3,042

4,127

Federal income taxes recoverable

-

-

-

-

-

-

-

-

-

-

-

0

0

-154

1,068

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

511

501

12

-140

-380

528

106

48

73

290

-96

-69

-82

239

-118

-86

-111

323

-126

-96

-116

327

-100

-

-

-

-

-

-

-

-

-81

-63

67

87

-68

-71

212

-75

Other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-92

-732

538

289

-79

-

-

-

-

-

-

-

-

Increase (decrease) in operating liabilities:
Accounts payable and accrued expenses

3,297

485

-3,215

-5,149

3,919

-6,816

9,391

3,657

-1,104

-68

5,745

122

-722

-578

704

-2,021

2,672

456

-778

-11,328

8,052

-138

-1,643

503

-1,177

3,550

-6,851

6,554

-3,239

2,932

-7,157

2,813

1,008

-1,062

1,993

7

-2,500

3,832

-912

Income taxes payable

0

-224

65

-16

-737

50

862

381

17

15

0

-

-

-

-

-

-

-

62

-

-

-

-

-

-

-

-

0

0

-940

842

98

-59

-762

470

225

-232

-350

613

Contribution to retirement plan

49

50

50

-149

65

45

45

-117

47

30

42

-128

39

43

43

-136

27

51

51

-139

32

52

52

-

52

52

52

-

52

52

52

-147

50

50

50

-150

45

55

55

Contribution to profit sharing plan

49

50

50

-149

65

45

45

-117

47

30

42

-128

39

43

43

-

-

-

-

-

32

52

52

-

52

52

52

-

52

52

52

-147

50

50

50

-150

45

55

55

Employee compensation and related expenses

-116

82

-8

-36

-365

-225

313

359

-103

90

24

48

-109

-12

36

-54

-52

-117

118

182

-340

219

-52

57

-74

-78

-62

78

-237

-45

10

110

-208

124

-278

405

-165

114

182

Other non-current liabilities

-

-7

26

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred credit for LIFO inventory replacement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-22

54

-

-

-

-

-

-

-

-

-

-

-

-

NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,697

-1,357

3,386

-1,521

2,518

-3,439

690

-4

-3,620

-317

3,883

-2,917

2,247

-

-

-

-

-

-

-

-

-

-

-

-

Deferred credit for LIFO inventory replacement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-94

NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES

5,558

8,974

94

9,671

-226

607

-420

5,834

-4,663

-602

2,676

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

549

7,770

2,923

-6,706

933

3,503

10,721

-8,440

545

5,942

-5,033

INVESTING ACTIVITIES
Purchase of property, plant and equipment

2,427

123

672

160

442

18

187

74

92

23

159

144

218

238

198

227

575

485

835

1,143

805

3,405

521

1,539

215

138

14

33

331

44

90

12

100

44

163

34

16

35

428

Proceeds from sales of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

42

-

-

-

-

-

-

-

-

Change in cash surrender value of officers’ life insurance

4

4

4

-0

6

6

6

11

4

4

4

14

14

14

14

12

12

17

17

15

15

15

15

15

15

15

15

15

15

15

15

15

15

15

15

14

14

14

14

NET CASH USED IN INVESTING ACTIVITIES

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-213

-239

-588

-503

-852

-1,158

-821

-3,420

-536

-1,554

-230

-153

-30

-

-

-

-

-

-

-

-

-

-

-

-

NET CASH USED IN INVESTING ACTIVITIES

-2,431

-128

-676

-159

-448

-24

-193

-85

-96

-27

-163

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-346

-60

-63

-25

-116

-59

-179

-48

-30

-49

-442

FINANCING ACTIVITIES
Cash dividends paid

139

279

279

420

420

210

140

70

70

70

70

70

67

67

67

67

67

67

67

135

135

135

135

135

543

543

543

883

4,283

883

883

883

883

883

747

747

3,943

271

67

NET CASH USED IN FINANCING ACTIVITIES

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-67

-67

-67

-67

-67

-135

-135

-135

-135

-135

-543

-543

-543

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13

NET CASH USED IN FINANCING ACTIVITIES

-164

-279

-279

-420

-420

-210

-140

-3,820

3,679

-70

-70

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,283

-883

-883

-883

-883

-883

-747

-747

-3,943

-271

-81

INCREASE (DECREASE) IN CASH

2,962

8,566

-862

9,091

-1,095

372

-753

1,928

-1,080

-700

2,442

-4,464

-1,207

6,315

-1,978

-1,665

2,730

-2,092

1,598

-4,734

-266

-3,560

-4,292

-2,008

3,108

-3,615

1,672

-679

-4,080

6,826

1,975

-7,616

-66

2,560

9,794

-9,236

-3,429

5,621

-5,557