Friedman Industries, Inc

(AMEX:FRD)

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Quarterly Data
Annual Data
Note: All numbers in thousands

	Sep 30, 2008	Jun 30, 2008	Mar 31, 2008	Dec 31, 2007
Assets
Current Assets
Cash & Equivalents	5,666	12,213	2,644	1,423
Restricted Cash	—	—	—	—
Marketable Securities	—	—	—	—
Accounts Receivable	22,025	15,825	16,742	11,698
Loans Receivable	—	—	—	—
Other Receivable	—	—	—	—
Receivables	22,025	15,825	16,742	11,698
Raw Materials	8,448	2,979	7,445	2,492
Work in Progress	—	—	—	—
Purchased Components	—	—	—	—
Finished Goods	19,974	10,813	13,415	14,164
Other Inventories	6,994	5,524	9,040	10,649
Inventories Adjustments and Allowances	—	—	—	—
Inventories	35,416	19,316	29,900	27,305
Prepaid Expenses	—	—	—	425
Current Deferred Income Taxes	—	—	—	—
Other Current Assets	267	240	136	242
Total Current Assets	63,373	47,595	49,423	41,092
Land and Improvements	1,082	1,082	1,082	1,082
Building and Improvements	7,001	3,494	3,494	3,494
Machinery Furniture and Equipment	28,765	22,186	21,879	21,777
Construction in Progress	—	9,546	8,706	8,291
Other Fixed Assets	—	—	—	—
Total Fixed Assets	36,849	36,309	35,162	34,645
Gross Fixed Assets	36,849	36,309	35,162	34,645
Accumulated Depreciation and Depletion	18,997	18,694	18,390	18,099
Net Fixed Assets	17,851	17,615	16,772	16,546
Intangibles	—	—	—	—
Cost in Excess	—	—	—	—
Non Current Deferred Income Taxes	—	—	44	—
Other Non Current Assets	748	734	720	703
Total Non Current Assets	18,599	18,349	17,536	17,250
Total Assets	81,972	65,944	66,958	58,342
Liabilities
Current Liabilities
Accounts Payable	25,182	10,708	13,499	12,826
Notes Payable	—	—	—	—
Short Term Debt	—	—	—	54
Accrued Expenses	54	54	54	—
Accrued Liabilities	—	—	—	—
Deferred Revenues	—	—	—	—
Current Deferred Income Tax Liabilities	—	—	—	—
Other Current Liabilities	2,936	6,116	1,231	984
Total Current Liabilities	28,172	16,877	14,784	13,864
Non Current Liabilities
Long Term Debt	41	54	6,668	81
Capital Lease Obligations	—	—	—	—
Deferred Income Tax Liabilities	160	58	—	102
Other Non Current Liabilities	583	566	550	533
Minority Interest Liabilities	—	—	—	—
Preferred Securities of Subsidiary Trust Liabilities	—	—	—	—
Preferred Equity Outside Stock Equity	—	—	—	—
Total Non Current Liabilities	28,955	17,555	22,002	14,580
Total Liabilities	783	678	7,217	716
Shareholders' Equity
Preferred Stock Equity	—	—	—	—
Common Stock Equity	53,017	48,388	44,957	43,762
Common Par	7,975	7,975	7,975	7,888
Additional Paid in Capital	29,004	29,004	29,004	28,888
Cumulative Translation Adjustment	—	—	—	—
Retained Earnings	21,514	16,886	13,454	12,462
Treasury Stock	-5,476	-5,476	-5,476	-5,476
Other Equity Adjustments	—	—	—	—
Total Capitalization	53,057	48,442	51,624	43,843
Cash Flow	12,599	8,051	5,604	5,485
Working Capital	35,201	30,717	34,638	27,228
Free Cash Flow	9,677	16,197	-5,268	284
Invested Capital	53,057	48,442	51,624	43,843
Total Equity	53,017	48,388	44,957	43,762
Total Liabilities and Stock Equity	81,972	65,944	66,958	58,342

	Mar 31, 2008	Mar 31, 2007	Mar 31, 2006	Mar 31, 2005
Assets
Current Assets
Cash & Equivalents	2,644	1,039	1,983	205
Restricted Cash	—	—	—	—
Marketable Securities	—	—	—	—
Accounts Receivable	16,742	17,262	17,494	16,403
Loans Receivable	—	—	—	—
Other Receivable	—	—	—	—
Receivables	16,742	17,262	17,494	16,403
Raw Materials	7,445	5,854	3,889	4,341
Work in Progress	—	—	—	—
Purchased Components	—	—	—	—
Finished Goods	13,415	15,719	12,754	13,488
Other Inventories	9,040	11,700	11,314	8,028
Inventories Adjustments and Allowances	—	—	—	—
Inventories	29,900	33,273	27,957	25,857
Prepaid Expenses	—	—	—	—
Current Deferred Income Taxes	—	—	—	892
Other Current Assets	136	158	117	141
Total Current Assets	49,423	51,731	47,551	43,499
Land and Improvements	1,082	1,082	487	479
Building and Improvements	3,494	3,494	4,088	4,088
Machinery Furniture and Equipment	21,879	21,236	20,852	18,897
Construction in Progress	8,706	5,005	—	—
Other Fixed Assets	—	—	—	—
Total Fixed Assets	35,162	30,817	25,427	23,464
Gross Fixed Assets	35,162	30,817	25,427	23,464
Accumulated Depreciation and Depletion	18,390	17,345	17,653	16,726
Net Fixed Assets	16,772	13,473	7,774	6,738
Intangibles	—	—	—	—
Cost in Excess	—	—	—	—
Non Current Deferred Income Taxes	44	—	—	—
Other Non Current Assets	720	668	606	560
Total Non Current Assets	17,536	14,140	8,380	7,298
Total Assets	66,958	65,872	55,931	50,796
Liabilities
Current Liabilities
Accounts Payable	13,499	21,876	16,714	13,474
Notes Payable	—	—	—	—
Short Term Debt	—	—	—	3
Accrued Expenses	54	—	—	—
Accrued Liabilities	—	—	—	—
Deferred Revenues	—	—	—	—
Current Deferred Income Tax Liabilities	—	—	—	—
Other Current Liabilities	1,231	1,391	1,669	1,482
Total Current Liabilities	14,784	23,267	18,383	14,960
Non Current Liabilities
Long Term Debt	6,668	—	—	—
Capital Lease Obligations	—	—	—	—
Deferred Income Tax Liabilities	—	2	5	87
Other Non Current Liabilities	550	493	446	395
Minority Interest Liabilities	—	—	—	—
Preferred Securities of Subsidiary Trust Liabilities	—	—	—	—
Preferred Equity Outside Stock Equity	—	—	—	—
Total Non Current Liabilities	22,002	23,762	18,834	15,442
Total Liabilities	7,217	495	450	482
Shareholders' Equity
Preferred Stock Equity	—	—	—	—
Common Stock Equity	44,957	42,110	37,097	35,355
Common Par	7,975	7,888	7,842	7,764
Additional Paid in Capital	29,004	28,888	28,664	28,493
Cumulative Translation Adjustment	—	—	—	—
Retained Earnings	13,454	10,811	6,067	1,867
Treasury Stock	-5,476	-5,476	-5,476	-2,769
Other Equity Adjustments	—	—	—	—
Total Capitalization	51,624	42,110	37,097	35,355
Cash Flow	5,604	8,058	7,381	7,154
Working Capital	34,638	28,465	29,168	28,539
Free Cash Flow	-5,268	-2,376	4,284	-180
Invested Capital	51,624	42,110	37,097	35,355
Total Equity	44,957	42,110	37,097	35,355
Total Liabilities and Stock Equity	66,958	65,872	55,931	50,796