LSI Industries (LYTS) Financials

The income statement for LSI Industries Inc (LYTS) provides a detailed breakdown of the company's financial performance. It shows the revenue generated by the company over a specific period of time, as well as the costs and expenses incurred in generating that revenue. The income statement also includes the company's gross profit, which is the difference between its total revenue and the cost of goods sold. This figure represents the amount of money the company has left after paying for the direct costs associated with producing its goods or services.

Another important measure on the income statement is the company's operating income, also known as earnings before interest and taxes (EBIT). This figure represents the company's profit before taking into account interest expenses and taxes. It is a measure of the company's profitability from its core operations. EBITDA, or earnings before interest, taxes, depreciation, and amortization, is another measure that provides a more comprehensive view of the company's profitability as it excludes non-cash expenses such as depreciation and amortization.

The net income figure on the income statement represents the company's profit after all expenses and taxes have been deducted. This is the amount of money that is left for the company's stockholders or shareholders after all costs have been accounted for. It is an important measure of the company's overall profitability.

Moving on to the balance sheet, it provides a snapshot of the company's financial position at a specific point in time. It includes the company's assets, liabilities, and stockholders' equity. Total assets represent the company's resources, such as cash, inventory, property, and equipment. Liabilities, on the other hand, represent the company's obligations, such as debt, accounts payable, and accrued expenses. Stockholders' equity represents the ownership interest in the company, which is the residual interest after deducting liabilities from assets.

Within the balance sheet, cash equivalents refer to highly liquid assets that can be easily converted into cash. These include short-term investments, Treasury bills, and money market funds. Companies maintain cash equivalents to ensure they have the liquidity to meet their short-term obligations.

Net debt is a measure that evaluates a company's ability to repay its debt. It is calculated by subtracting a company's cash and cash equivalents from its total debt. A negative net debt indicates that the company has more cash than debt, while a positive net debt signifies that the company has more debt than cash.

Stockholders' equity is a measure of a company's net worth. It represents the ownership interest of the company's shareholders and is calculated by subtracting total liabilities from total assets.

The total debt figure on the balance sheet represents the company's outstanding debt obligations. It includes both short-term and long-term debt. Total liabilities include all the company's obligations, not just its debt. This includes accounts payable, accrued expenses, and other liabilities.

Moving on to the statement of cash flows, it provides an overview of the company's cash inflows and outflows during a particular period. It includes cash flow from operating activities, investing activities, and financing activities. Operating cash flow represents the cash generated or used in the company's core operations. Investing cash flow represents the cash used for acquiring or disposing of long-term assets. Financing cash flow represents the cash generated or used for financing the company's operations, such as issuing or repurchasing stock and paying dividends.

Free cash flow is a measure that represents the cash generated by the company after deducting capital expenditures. It is calculated by subtracting capital expenditures from operating cash flow. Free cash flow is an important measure of a company's financial health as it indicates its ability to generate cash that can be reinvested in the business or returned to shareholders.

The financial statements provide valuable insight into the financial health and performance of LSI Industries Inc (LYTS). They help investors and analysts evaluate the company's profitability, liquidity, and solvency. By analyzing these statements, stakeholders can make informed decisions regarding their investments in the company.