Friedman Industries, Incorporated
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $6.1M | $17.3M | $21.3M | $14.1M | $11.4M | $-5.2M | $5.1M | $3.9M |
| Depreciation & Amortization | $3.3M | $3.1M | $2.5M | — | — | — | — | — |
| Depreciation | $3.2M | $3.0M | $2.5M | $1.3M | $1.0M | $1.5M | $1.3M | $1.4M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $-4.4M | $5.0M | $63.9M | $-13.4M | $8.4M | $11.2M | $9.6M | $3.2M |
| Investing Activities | ||||||||
| Capital Expenditures | $4.0M | $5.8M | $16.5M | $8.1M | $4.6M | $4.9M | $808.0K | $349.2K |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-3.4M | $-5.8M | $-88.2M | $-7.9M | $-4.6M | $-5.0M | $-825.9K | $-374.1K |
| Financing Activities | ||||||||
| Dividends Paid | $1.1M | $581.0K | $589.0K | $551.0K | $564.2K | $839.9K | $1.2M | $280.4K |
| Stock Repurchases | $171.0K | $5.2M | $37.0K | $538.0K | $1.7M | — | — | — |
| Net Cash from Financing Activities | $6.1M | $1.3M | $13.6M | $17.2M | $-701.9K | $-889.6K | $-1.2M | $-280.4K |
| Net Change in Cash | $-1.7M | $511.0K | $-10.7M | $-4.1M | $3.1M | $5.4M | $7.6M | $2.6M |
| Free Cash Flow | $-8.4M | $-813.0K | $47.4M | $-21.5M | $3.8M | $6.3M | $8.8M | $2.9M |