For the quarter ending 2025-12-31, FRD had -$1,569K decrease in cash & cash equivalents over the period. -$6,349K in free cash flow.
| Cash Flow | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|
| Net earnings | 3,043 | 2,240 | 5,028 |
| Depreciation and amortization | 1,007 | 937 | 847 |
| Deferred taxes | -38 | -7 | -26 |
| Compensation expense for restricted stock | 182 | 36 | 123 |
| Change in postretirement benefits | 1 | 0 | 3 |
| Gain recognized on open derivatives not designated for hedge accounting | 727 | 603 | -103 |
| Gain on disposal of property, plant and equipment | 0 | 0 | - |
| Amortization of right-of-use asset | -22 | -18 | -18 |
| Other current assets | - | 1,003 | -53 |
| Accounts receivable | -6,454 | -1,133 | 3,241 |
| Inventories | 7,607 | 23,485 | -10,231 |
| Other assets | - | 3 | - |
| Other current assets | 958 | - | - |
| Accounts payable and accrued expenses | -7,952 | 22,885 | -19 |
| Income taxes payable | -143 | -2,129 | 1,625 |
| Employee compensation and related expenses | 1,015 | 415 | 744 |
| Net cash provided by operating activities | -4,748 | 434 | 15,489 |
| Cash paid for century business combination | 0 | 45,597 | - |
| Purchase of property, plant and equipment | 1,601 | 2,457 | 1,781 |
| Proceeds from sale of assets | 0 | - | - |
| Deposit on steel processing equipment | 0 | 0 | - |
| Increase in cash surrender value of officers life insurance | 2 | 1 | 3 |
| Net cash used in investing activities | -1,603 | -48,055 | -1,784 |
| Debt issuance cost | 0 | 395 | - |
| Cash dividends paid | 281 | 283 | 282 |
| Cash paid for principal portion of finance lease | 0 | 0 | 0 |
| Cash paid for share repurchases | 1 | -1 | 10 |
| Borrowings on asset based lending facility | 188,027 | 218,706 | 196,322 |
| Repayments on asset based lending facility | 182,963 | 168,204 | 211,011 |
| Net cash provided by (used in) financing activities | 4,782 | 49,825 | -14,981 |
| Decrease in cash and restricted cash | -1,569 | 2,204 | -1,276 |
| Cash and cash equivalents at beginning of period | 5,076 | 4,148 | - |
| Cash and cash equivalents at end of period | 3,507 | 5,076 | - |
FRIEDMAN INDUSTRIES INC (FRD)
FRIEDMAN INDUSTRIES INC (FRD)