FLEXSTEEL INDUSTRIES INC
For the period ended Jun 30, 2025. Filed Aug 22, 2025.
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FY2025 · Filed Aug 22, 2025
FLXS$72.73-1.9%Stored close · as of Nov 10, 2026
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Consolidated Balance Sheets at June 30, 2025 and 2024
Consolidated Balance Sheets
| June 30, | ||
|---|---|---|
| 2025 | 2024 | |
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $40,006 | $4,761 |
| Trade receivables - less allowances: 2025, $1,790; 2024, $2,440 | 35,229 | 44,238 |
| Inventories | 89,135 | 96,577 |
| Other | 8,002 | 8,098 |
| Assets held for sale | — | 1,707 |
| Total current assets | 172,372 | 155,381 |
| NONCURRENT ASSETS: | ||
| Property, plant and equipment, net | 36,212 | 36,709 |
| Operating lease right-of-use assets | 41,545 | 61,439 |
| Deferred income taxes | 12,444 | 8,607 |
| Other assets | 19,913 | 12,326 |
| TOTAL | $282,486 | $274,462 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| CURRENT LIABILITIES: | ||
| Accounts payable - trade | $25,617 | $25,830 |
| Current portion of operating lease liabilities | 7,809 | 7,517 |
| Accrued liabilities: | ||
| Payroll and related items | 11,260 | 12,059 |
| Insurance | 1,950 | 1,900 |
| Sales and advertising related items | 8,061 | 6,073 |
| Other | 7,317 | 7,027 |
| Total current liabilities | 62,014 | 60,406 |
| LONG-TERM LIABILITIES: | ||
| Operating lease liabilities, less current maturities | 51,561 | 58,076 |
| Line of credit | — | 4,822 |
| Other liabilities | 1,049 | 791 |
| Total liabilities | 114,624 | 124,095 |
| COMMITMENTS AND CONTINGENCIES (Note 14) | ||
| SHAREHOLDERS' EQUITY: | ||
| Common stock - $1 par value; authorized 15,000 shares; 8,514 shares issued and 5,307 shares outstanding as of June 30, 2025, and 8,407 shares issued and 5,200 shares outstanding as of June 30, 2024 | 8,514 | 8,407 |
| Additional paid-in capital | 40,644 | 39,573 |
| Treasury stock, at cost; 3,207 shares as of June 30, 2025 and 2024, respectively | (71,731) | (71,731) |
| Retained earnings | 190,435 | 174,118 |
| Accumulated other comprehensive income | — | — |
| Total shareholders' equity | 167,862 | 150,367 |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $282,486 | $274,462 |
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