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FRIEDMAN INDUSTRIES INC: 10-Q filed 2023-02-09

What FRIEDMAN INDUSTRIES INC reported in its quarterly report filed 2023-02-09 (fiscal Q3 2023): 39 published measures, 116 facts as tagged in accession 0001437749-23-002900.

This filing

Form
10-Q (quarterly report)
Filed
2023-02-09
Fiscal period
fiscal Q3 2023
Accession
0001437749-23-002900 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All FRIEDMAN INDUSTRIES INC filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

PeriodValueUnitDays
At 2022-12-31203,883,283USD
At 2022-03-31159,275,070USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

PeriodValueUnitDays
At 2022-12-3195,224,825USD
At 2022-03-3179,588,422USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

PeriodValueUnitDays
At 2022-12-31108,658,458USD
At 2022-09-30106,689,752USD
At 2022-06-30102,715,030USD
At 2022-03-3179,686,648USD
At 2021-12-3191,056,681USD
At 2021-09-3080,335,001USD
At 2021-06-3062,942,275USD
At 2021-03-3165,339,976USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

PeriodValueUnitDays
At 2022-12-313,544,508USD
At 2022-03-312,598,102USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

PeriodValueUnitDays
2022-10-01 to 2022-12-311,375,893USD92
2022-04-01 to 2022-12-3115,031,175USD275
2022-07-01 to 2022-09-302,470,908USD92
2022-04-01 to 2022-06-3011,184,374USD91
2021-10-01 to 2021-12-31-2,961,833USD92
2021-04-01 to 2021-12-3121,527,578USD275
2021-07-01 to 2021-09-3013,177,614USD92
2021-04-01 to 2021-06-3011,311,797USD91

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

PeriodValueUnitDays
2022-04-01 to 2022-12-3144,098,579USD275
2021-04-01 to 2021-12-31-22,937,309USD275

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

PeriodValueUnitDays
2022-04-01 to 2022-12-318,278,891USD275
2021-04-01 to 2021-12-317,350,081USD275

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

PeriodValueUnitDays
2022-04-01 to 2022-12-3125,188,877USD275
2021-04-01 to 2021-12-3114,594,826USD275

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

PeriodValueUnitDays
2022-04-01 to 2022-12-31-80,009,488USD275
2021-04-01 to 2021-12-31-7,198,225USD275

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

PeriodValueUnitDays
At 2022-12-3173,487,615USD
At 2022-03-3158,909,018USD

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

PeriodValueUnitDays
2022-10-01 to 2022-12-317,275,212shares92
2022-04-01 to 2022-12-317,196,452shares275
2021-10-01 to 2021-12-316,610,204shares92
2021-04-01 to 2021-12-316,593,343shares275

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

PeriodValueUnitDays
2022-10-01 to 2022-12-310.19USD/shares92
2022-04-01 to 2022-12-312.06USD/shares275
2021-10-01 to 2021-12-31-0.45USD/shares92
2021-04-01 to 2021-12-313.12USD/shares275

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

PeriodValueUnitDays
2022-10-01 to 2022-12-310.19USD/shares92
2022-04-01 to 2022-12-312.06USD/shares275
2021-10-01 to 2021-12-31-0.45USD/shares92
2021-04-01 to 2021-12-313.12USD/shares275

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

PeriodValueUnitDays
2022-10-01 to 2022-12-31431,579USD92
2022-04-01 to 2022-12-314,639,272USD275
2021-10-01 to 2021-12-31-967,681USD92
2021-04-01 to 2021-12-316,303,899USD275

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

PeriodValueUnitDays
At 2022-12-3153,780,037USD
At 2022-03-3130,106,059USD

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

PeriodValueUnitDays
2022-10-01 to 2022-12-311,428,984USD92
2022-04-01 to 2022-12-3113,818,678USD275
2021-10-01 to 2021-12-31-5,598,263USD92
2021-04-01 to 2021-12-3132,786,489USD275

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

PeriodValueUnitDays
At 2022-12-31148,356,358USD
At 2022-03-31125,361,815USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

PeriodValueUnitDays
2022-10-01 to 2022-12-31447,551USD92
2022-04-01 to 2022-12-311,498,147USD275
2021-10-01 to 2021-12-3158,385USD92
2021-04-01 to 2021-12-31153,891USD275

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

PeriodValueUnitDays
At 2022-12-3148,521,932USD
At 2022-03-3160,810,607USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

PeriodValueUnitDays
At 2022-12-3143,072,920USD
At 2022-03-3135,670,657USD

Common-stock repurchase payments

Cash paid to reacquire common stock during the period. This is not an authorization limit or a direct measure of the net change in share count.

PeriodValueUnitDays
2022-04-01 to 2022-12-3136,572USD275
2021-04-01 to 2021-12-31102,075USD275

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

PeriodValueUnitDays
At 2022-12-3197,834,103USD
At 2022-03-3167,946,122USD

Selling, general and administrative expense

Selling and general administrative costs reported under this concept. It is an expense category, not a substitute for total operating expenses.

PeriodValueUnitDays
2022-10-01 to 2022-12-314,700,850USD92
2022-04-01 to 2022-12-3115,661,476USD275
2021-10-01 to 2021-12-311,994,242USD92
2021-04-01 to 2021-12-3110,634,407USD275

Accumulated other comprehensive income or loss

Cumulative other comprehensive items after tax, such as translation and unrealized hedging or securities effects. These amounts have not passed through net income.

PeriodValueUnitDays
At 2022-12-31-846,905USD
At 2022-03-31-10,268,509USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

PeriodValueUnitDays
At 2022-12-311,281,996USD
At 2022-03-31113,168USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

PeriodValueUnitDays
At 2022-12-3127,882,265USD
At 2022-03-3126,002,820USD

Other noncurrent liabilities

Noncurrent liabilities the filer does not present separately. The composition differs by filer and is described only in the filing.

PeriodValueUnitDays
At 2022-12-311,274,431USD
At 2022-03-31221,767USD

Net deferred tax liabilities

Deferred tax liabilities net of related assets under this concept. The amount reflects timing differences and is not tax currently due.

PeriodValueUnitDays
At 2022-12-31820,960USD
At 2022-03-310USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

PeriodValueUnitDays
2022-10-01 to 2022-12-311,807,472USD92
2022-04-01 to 2022-12-3119,670,447USD275
2021-10-01 to 2021-12-31-3,929,514USD92
2021-04-01 to 2021-12-3127,831,477USD275

Comprehensive income or loss

Net income plus other comprehensive income after tax. It includes unrealized items that net income excludes and is not a cash measure.

PeriodValueUnitDays
2022-10-01 to 2022-12-312,045,347USD92
2022-04-01 to 2022-12-3124,452,779USD275
2021-10-01 to 2021-12-3110,833,585USD92
2021-04-01 to 2021-12-3125,856,844USD275

Net income available to common stockholders

Net income after preferred dividends and similar adjustments, the numerator for basic earnings per share. It can be lower than reported net income.

PeriodValueUnitDays
2022-10-01 to 2022-12-311,357,237USD92
2022-04-01 to 2022-12-3114,790,693USD275
2021-10-01 to 2021-12-31-2,967,825USD92
2021-04-01 to 2021-12-3120,560,817USD275

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

PeriodValueUnitDays
2022-04-01 to 2022-12-311,879,445USD275
2021-04-01 to 2021-12-31994,209USD275

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

PeriodValueUnitDays
2022-10-01 to 2022-12-31826,039USD92
2022-04-01 to 2022-12-317,349,916USD275
2021-10-01 to 2021-12-311,727,134USD92
2021-04-01 to 2021-12-31-4,801,121USD275

Current income tax expense or benefit

Income tax expense or benefit for the period that is currently payable or refundable. It differs from cash taxes paid and from total tax expense.

PeriodValueUnitDays
2022-10-01 to 2022-12-31447,995USD92
2022-04-01 to 2022-12-314,686,413USD275
2021-10-01 to 2021-12-31-855,309USD92
2021-04-01 to 2021-12-316,639,198USD275

Deferred income tax expense or benefit

The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.

PeriodValueUnitDays
2022-10-01 to 2022-12-31-16,416USD92
2022-04-01 to 2022-12-31-47,141USD275
2021-10-01 to 2021-12-31-112,372USD92
2021-04-01 to 2021-12-31-335,299USD275

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

PeriodValueUnitDays
2022-04-01 to 2022-12-311,316,000USD275
2021-04-01 to 2021-12-31154,000USD275

Income taxes paid, net

Cash income taxes paid net of refunds during the period. It differs from income tax expense and can reflect prior years and estimated payments.

PeriodValueUnitDays
2022-04-01 to 2022-12-31428,000USD275
2021-04-01 to 2021-12-317,487,000USD275

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

PeriodValueUnitDays
2022-04-01 to 2022-12-317,402,263USD275
2021-04-01 to 2021-12-315,865,531USD275

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

PeriodValueUnitDays
2022-04-01 to 2022-12-31-47,658,608USD275
2021-04-01 to 2021-12-3148,538,400USD275

Inspect the source

Entity
FRIEDMAN INDUSTRIES INC / CIK 0000039092
Captured
2026-09-19T14:47:07.124Z
SEC response SHA-256
5ae9c4cf0f65c283f668d21488226f851cc8a3e1f6ccf26d3c0bce799251eb31

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.

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Read the published dataset with Python
import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0000039092.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))