Flexsteel Historical Income Statement

FLXS Stock  USD 57.70  2.54  4.22%   
Historical analysis of Flexsteel Industries income statement accounts such as Total Revenue of 354.1 M or Gross Profit of 76.1 M can show how well Flexsteel Industries performed in making a profits. Evaluating Flexsteel Industries income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Flexsteel Industries's future profits or losses.
 
Oil Shock
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Financial Statement Analysis is much more than just reviewing and examining Flexsteel Industries latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Flexsteel Industries is a good buy for the upcoming year.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Flexsteel Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.
For more information on how to buy Flexsteel Stock please use our How to Invest in Flexsteel Industries guide.

About Flexsteel Income Statement Analysis

Flexsteel Industries Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Flexsteel Industries shareholders. The income statement also shows Flexsteel investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Flexsteel Industries Income Statement Chart

At this time, Flexsteel Industries' Depreciation And Amortization is comparatively stable compared to the past year. Selling General Administrative is likely to gain to about 65.9 M in 2024, whereas Total Revenue is likely to drop slightly above 354.1 M in 2024.

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.

Total Revenue

Total revenue comprises all receipts Flexsteel Industries generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Flexsteel Industries minus its cost of goods sold. It is profit before Flexsteel Industries operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Flexsteel Industries. It is also known as Flexsteel Industries overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Cost Of Revenue

Cost of Revenue is found on Flexsteel Industries income statement and represents the costs associated with goods and services Flexsteel Industries provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.
Most accounts from Flexsteel Industries' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Flexsteel Industries current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Flexsteel Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.
For more information on how to buy Flexsteel Stock please use our How to Invest in Flexsteel Industries guide.At this time, Flexsteel Industries' Depreciation And Amortization is comparatively stable compared to the past year. Selling General Administrative is likely to gain to about 65.9 M in 2024, whereas Total Revenue is likely to drop slightly above 354.1 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit72.7M70.9M87.2M76.1M
Total Revenue544.3M393.7M412.8M354.1M

Flexsteel Industries income statement Correlations

0.290.470.180.520.01-0.010.110.50.55-0.27-0.38-0.31-0.160.550.8-0.35-0.080.010.04-0.38-0.660.310.25-0.14
0.290.08-0.20.170.020.00.040.150.31-0.67-0.96-0.67-0.580.410.4-0.68-0.290.090.91-0.58-0.210.160.07-0.31
0.470.080.70.990.410.430.480.980.830.22-0.070.20.240.710.40.110.23-0.03-0.12-0.04-0.470.06-0.16-0.12
0.18-0.20.70.580.830.850.870.560.650.720.260.680.730.550.260.610.60.25-0.230.53-0.010.210.110.43
0.520.170.990.580.270.290.351.00.840.06-0.180.040.080.740.43-0.050.11-0.08-0.05-0.2-0.530.04-0.19-0.24
0.010.020.410.830.270.970.970.260.30.730.150.690.720.230.130.670.640.280.030.610.10.270.10.51
-0.010.00.430.850.290.970.990.280.340.710.120.670.730.270.150.650.640.40.070.630.190.310.180.57
0.110.040.480.870.350.970.990.340.40.680.080.630.710.340.250.60.620.40.070.580.110.340.20.55
0.50.150.980.561.00.260.280.340.790.07-0.150.060.080.690.4-0.030.11-0.11-0.07-0.19-0.540.02-0.22-0.25
0.550.310.830.650.840.30.340.40.79-0.04-0.35-0.070.030.960.58-0.180.090.090.13-0.21-0.360.140.07-0.1
-0.27-0.670.220.720.060.730.710.680.07-0.040.780.990.92-0.16-0.240.980.670.12-0.580.850.250.04-0.020.58
-0.38-0.96-0.070.26-0.180.150.120.08-0.15-0.350.780.80.65-0.46-0.470.810.4-0.17-0.870.640.2-0.22-0.170.34
-0.31-0.670.20.680.040.690.670.630.06-0.070.990.80.85-0.2-0.320.990.620.03-0.590.780.21-0.05-0.120.51
-0.16-0.580.240.730.080.720.730.710.080.030.920.650.85-0.05-0.030.850.730.3-0.480.930.330.220.20.68
0.550.410.710.550.740.230.270.340.690.96-0.16-0.46-0.2-0.050.62-0.3-0.050.10.23-0.28-0.330.140.1-0.16
0.80.40.40.260.430.130.150.250.40.58-0.24-0.47-0.32-0.030.62-0.360.170.270.25-0.2-0.260.360.480.13
-0.35-0.680.110.61-0.050.670.650.6-0.03-0.180.980.810.990.85-0.3-0.360.630.05-0.580.80.25-0.02-0.090.54
-0.08-0.290.230.60.110.640.640.620.110.090.670.40.620.73-0.050.170.630.17-0.220.690.250.080.250.66
0.010.09-0.030.25-0.080.280.40.4-0.110.090.12-0.170.030.30.10.270.050.170.330.440.640.870.830.69
0.040.91-0.12-0.23-0.050.030.070.07-0.070.13-0.58-0.87-0.59-0.480.230.25-0.58-0.220.33-0.350.140.30.27-0.02
-0.38-0.58-0.040.53-0.20.610.630.58-0.19-0.210.850.640.780.93-0.28-0.20.80.690.44-0.350.580.320.340.8
-0.66-0.21-0.47-0.01-0.530.10.190.11-0.54-0.360.250.20.210.33-0.33-0.260.250.250.640.140.580.330.520.65
0.310.160.060.210.040.270.310.340.020.140.04-0.22-0.050.220.140.36-0.020.080.870.30.320.330.840.59
0.250.07-0.160.11-0.190.10.180.2-0.220.07-0.02-0.17-0.120.20.10.48-0.090.250.830.270.340.520.840.73
-0.14-0.31-0.120.43-0.240.510.570.55-0.25-0.10.580.340.510.68-0.160.130.540.660.69-0.020.80.650.590.73
Click cells to compare fundamentals

Flexsteel Industries Account Relationship Matchups

Flexsteel Industries income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization8.4M5.2M5.2M4.6M4.0M5.3M
Interest Expense82K10K835K1.3M1.6M1.5M
Total Revenue366.9M478.9M544.3M393.7M412.8M354.1M
Gross Profit53.1M96.7M72.7M70.9M87.2M76.1M
Other Operating Expenses386.3M450.2M538.3M385.9M396.0M340.5M
Operating Income(19.4M)31.2M6.6M10.5M16.8M14.6M
Ebit(18.7M)29.0M6.1M7.8M16.8M14.1M
Ebitda(10.3M)34.2M11.2M12.3M20.8M19.4M
Cost Of Revenue313.9M382.2M471.6M322.7M325.5M278.1M
Total Operating Expenses72.4M68.0M66.7M63.2M70.4M62.4M
Income Before Tax(33.8M)31.5M5.9M9.2M15.6M12.9M
Total Other Income Expense Net(14.4M)267K(714K)2.8M(1.3M)(1.3M)
Net Income(26.8M)23.0M1.9M14.8M10.5M8.2M
Income Tax Expense(6.9M)8.4M4.1M(5.6M)5.0M4.8M
Selling General Administrative69.0M64.1M60.9M57.7M64.5M65.9M
Research Development4M1.9M2.9M2.1M2.4M3.2M
Net Income Applicable To Common Shares(26.8M)23.0M1.9M14.8M13.3M6.8M
Net Income From Continuing Ops(26.8M)23.0M1.9M14.8M10.5M7.4M
Selling And Marketing Expenses4.3M3.4M3.9M5.8M5.9M4.5M
Non Recurring3.6M31.8M(2.4M)(670K)(770.5K)(732.0K)
Tax Provision(6.9M)8.4M4.1M(5.6M)5.0M3.5M
Net Interest Income(82K)(10K)(835K)(1.3M)(1.6M)(1.5M)
Reconciled Depreciation8.4M5.2M5.2M4.6M4.0M5.0M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Flexsteel Stock Analysis

When running Flexsteel Industries' price analysis, check to measure Flexsteel Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Flexsteel Industries is operating at the current time. Most of Flexsteel Industries' value examination focuses on studying past and present price action to predict the probability of Flexsteel Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Flexsteel Industries' price. Additionally, you may evaluate how the addition of Flexsteel Industries to your portfolios can decrease your overall portfolio volatility.