FRIEDMAN INDUSTRIES INC FRD Cash Flow

Friedman industries inc (FRD)

CashFlow / TTM

Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10
OPERATING ACTIVITIES
Net earnings (loss)
-3,396	-1,850	1,694	5,099	9,278	8,775	7,169	3,934	543	146	-853	-2,678	-2,825	-2,103	-1,693	294	365	67	1,026	382	1,224	1,524	786	1,712	2,573	3,235	4,852	6,135	7,091	7,740	8,410	8,150	9,148	9,082	8,551	8,155	0	0	0
Adjustments to reconcile net earnings (loss) to cash provided by (used in) operating activities:
Depreciation
1,191	1,239	1,287	1,340	1,432	1,433	1,431	1,356	1,387	1,428	1,474	1,594	1,601	1,621	1,647	1,673	1,629	1,689	1,705	1,721	1,822	1,796	1,810	1,823	1,817	1,803	1,796	1,790	1,802	1,824	1,832	1,839	1,849	1,861	1,870	1,878	0	0	0
Deferred taxes
-881	-438	-439	-326	492	1,055	1,328	1,377	726	95	-571	-757	-1,001	-831	-297	-221	-178	-241	-304	-377	-115	-111	-106	-172	-163	-161	-158	-83	-92	-93	-95	-90	95	104	113	122	0	0	0
Compensation expense for restricted stock
170	159	148	137	288	288	288	288	288	216	144	72	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in postretirement benefits
21	25	30	35	26	21	15	9	19	32	44	57	57	61	69	78	0	0	0	-	-	-	-	-	74	79	89	89	0	0	0	-	-	-	-	-	-	-	-
Change in post-retirement benefits other than pensions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	76	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease (increase) in operating assets:
Change in post-retirement benefits other than pensions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-76	-80	-85	-90	-94	0	0	0
Accounts receivable, net
-7,361	-4,563	-2,378	-4,274	10,153	8,666	9,988	8,519	2,125	3,581	911	4,116	129	-2,019	1,696	-2,073	-240	-840	-2,454	-2,451	100	534	-351	309	-1,748	-773	-3,181	-7,246	-5,565	-3,971	269	3,689	5,082	4,039	-242	3,908	0	0	0
Inventories
-22,915	-17,598	-15,841	3,732	6,964	8,508	14,310	4,818	12,294	6,494	-163	-7,020	-8,606	-6,365	-310	1,088	-7,650	370	1,256	5,562	12,792	548	6,891	-3,930	5,120	5,284	-2,818	2,465	4,084	7,953	5,224	2,074	1,576	-1,032	5,366	14,556	0	0	0
Federal income taxes recoverable
-	-	-	-	-	-	-	-	-	-	-	913	913	913	1,068	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
884	-7	19	114	303	757	519	315	197	42	-8	-29	-47	-76	7	-1	-11	-16	-11	14	0	0	0	-	-	-	-	-	-	-	-	10	23	15	159	-3	0	0	0
Other current assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	15	0	0	0	-	-	-	-	-	-	-	-
Increase (decrease) in operating liabilities:
Accounts payable and accrued expenses
-4,582	-3,960	-11,263	1,344	10,152	5,128	11,875	8,229	4,694	5,076	4,567	-473	-2,617	777	1,811	328	-8,978	-3,598	-4,192	-5,057	6,773	-2,456	1,232	-3,975	2,076	13	-603	-909	-4,650	-402	-4,397	4,752	1,946	-1,563	3,331	426	0	0	0
Income taxes payable
-175	-913	-637	159	557	1,311	1,276	414	0	0	0	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-98	0	-59	119	-252	-125	-299	112	256	0	0	0
Contribution to retirement plan
0	15	10	5	38	20	6	3	-8	-15	-3	-1	-10	-22	-15	-7	-10	-4	-3	-1	0	0	0	-	0	0	0	-	9	7	4	2	0	-4	0	6	0	0	0
Contribution to profit sharing plan
0	15	10	5	38	20	6	3	-8	-15	-3	-1	0	0	0	-	-	-	-	-	0	0	0	-	0	0	0	-	9	7	4	2	0	-4	0	6	0	0	0
Employee compensation and related expenses
-79	-328	-636	-314	81	343	660	371	59	54	-48	-36	-140	-83	-188	-106	130	-157	179	7	-116	149	-148	-157	-137	-300	-266	-193	-162	-132	37	-252	42	84	75	536	0	0	0
Other non-current liabilities
-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred credit for LIFO inventory replacement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,190	3,026	944	-1,752	-234	-6,373	-3,251	-58	-2,972	2,894	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Deferred credit for LIFO inventory replacement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES
24,299	18,513	10,146	9,632	5,795	1,358	148	3,245	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,535	4,920	653	8,451	6,717	6,329	8,768	-6,986	0	0	0
INVESTING ACTIVITIES
Purchase of property, plant and equipment
3,384	1,398	1,293	807	721	372	376	349	419	545	760	799	882	1,240	1,488	2,124	3,040	3,270	6,189	5,876	6,271	5,680	2,414	1,907	401	517	423	499	478	248	248	321	343	259	250	515	0	0	0
Proceeds from sales of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	42	0	0	0	-	-	-	-	-	-	-	-
Change in cash surrender value of officers’ life insurance
12	14	16	17	30	28	26	24	27	38	48	59	56	54	56	59	62	65	63	61	61	61	61	62	62	62	62	62	61	61	61	61	59	58	57	56	0	0	0
NET CASH USED IN INVESTING ACTIVITIES
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,544	-2,183	-3,102	-3,335	-6,252	-5,937	-6,332	-5,742	-2,475	-1,969	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
NET CASH USED IN INVESTING ACTIVITIES
-3,396	-1,412	-1,309	-825	-752	-400	-403	-374	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-495	-265	-265	-380	-403	-317	-307	-571	0	0	0
FINANCING ACTIVITIES
Cash dividends paid
1,120	1,401	1,331	1,191	841	490	350	280	280	278	276	274	271	271	271	271	339	407	475	543	543	951	1,359	1,767	2,515	6,255	6,595	6,935	6,935	3,535	3,535	3,399	3,263	6,323	5,711	5,031	0	0	0
NET CASH USED IN FINANCING ACTIVITIES
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-271	-271	-339	-407	-475	-543	-543	-951	-1,359	-1,767	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
NET CASH USED IN FINANCING ACTIVITIES
-1,145	-1,401	-1,331	-1,191	-4,591	-490	-350	-280	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6,935	-3,535	-3,535	-3,399	-3,263	-6,323	-5,711	-5,045	0	0	0
INCREASE (DECREASE) IN CASH
19,758	15,700	7,505	7,614	451	467	-605	2,590	-3,802	-3,929	3,086	-1,335	1,463	5,401	-3,006	570	-2,498	-5,496	-6,963	-12,855	-10,128	-6,753	-6,808	-842	486	-6,702	3,739	4,041	-2,895	1,119	-3,147	4,671	3,051	-311	2,749	-12,602	0	0	0