Friedman Industries (FRD) Cash Flow Statement

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OPERATING ACTIVITIES
Net earnings	-2.07M
Adjustments to reconcile net earnings to cash provided by (used in) operating activities:
Depreciation	804K
Provision for deferred taxes	-539.06K
Change in postretirement benefits
Decrease (increase) in operating assets:
Accounts receivable	-380.56K
Inventories	7.89M
Other current assets	-121.38K
Increase (decrease) in operating liabilities:
Accounts payable and accrued expenses	126.62K
Contribution to profit sharing plan	87K
Employee compensation and related expenses	24.09K
Income taxes payable
Deferred credit for LIFO inventory replacement
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES
INVESTING ACTIVITIES
Purchase of property, plant and equipment	-436.79K
Increase in cash surrender value of officers' life insurance	-29.5K
NET CASH USED IN INVESTING ACTIVITIES
FINANCING ACTIVITIES
Cash dividends paid	-135.99K
Long-term debt
NET CASH USED IN FINANCING ACTIVITIES
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	4.34M
Cash and cash equivalents at beginning of period	2.8M
CASH AND CASH EQUIVALENTS AT END OF PERIOD	7.13M

Entities mentioned with FRD