Advanced Drainage Systems, Inc. (WMS) Financial Statements (2024 and earlier)
Company Profile
Business Address |
4640 TRUEMAN BOULEVARD HILLIARD, OH 43026 |
State of Incorp. | DE |
Fiscal Year End | March 31 |
Industry (SIC) | 3086 - Plastics Foam Products (benchmarking) |
More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
9/30/2023 MRQ | 3/31/2023 | 12/31/2022 MRQ | 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | |||
---|---|---|---|---|---|---|---|---|---|
ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 217 | 427 | 20 | 195 | 174 | 9 | |||
Cash and cash equivalents | 217 | 427 | 20 | 195 | 174 | 9 | |||
Receivables | 307 | 242 | 342 | 236 | 200 | 187 | |||
Inventory, net of allowances, customer advances and progress billings | 464 | 459 | 494 | 301 | 282 | 265 | |||
Inventory | 464 | 459 | 494 | 301 | 282 | 265 | |||
Other current assets | 29 | 29 | 16 | 11 | 10 | 6 | |||
Total current assets: | 1,017 | 1,157 | 872 | 743 | 666 | 467 | |||
Noncurrent Assets | |||||||||
Finance lease, right-of-use asset, after accumulated amortization | 40 | 15 | ✕ | ||||||
Operating lease, right-of-use asset | 51 | 55 | ✕ | ||||||
Property, plant and equipment | 685 | 504 | 481 | 399 | |||||
Intangible assets, net (including goodwill) | 1,028 | 1,041 | 1,042 | 1,081 | 1,153 | 140 | |||
Goodwill | 620 | 619 | 610 | 599 | 598 | 103 | |||
Intangible assets, net (excluding goodwill) | 408 | 421 | 431 | 482 | 555 | 37 | |||
Regulated entity, other noncurrent assets | 12 | 2 | |||||||
Other noncurrent assets | 123 | 122 | 117 | 85 | 69 | 37 | |||
Other undisclosed noncurrent assets | 630 | 548 | |||||||
Total noncurrent assets: | 1,884 | 1,848 | 1,778 | 1,671 | 1,704 | 576 | |||
TOTAL ASSETS: | 2,901 | 3,006 | 2,650 | 2,414 | 2,370 | 1,042 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 356 | 348 | 367 | 292 | 210 | 157 | |||
Taxes payable | ✕ | ✕ | ✕ | 7 | 5 | 2 | 2 | ||
Accounts payable | 210 | 174 | 225 | 171 | 107 | 94 | |||
Accrued liabilities | 145 | 174 | 135 | 116 | 101 | 62 | |||
Debt | 23 | 22 | 25 | 26 | 28 | 49 | |||
Total current liabilities: | 379 | 370 | 391 | 318 | 238 | 206 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 1,302 | 1,287 | 920 | 815 | 1,134 | 270 | |||
Long-term debt, excluding current maturities | 1,269 | 1,272 | 909 | 782 | 1,089 | 209 | |||
Capital lease obligations | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 62 | ||
Finance lease, liability | 32 | 15 | 11 | 33 | 45 | ✕ | |||
Liabilities, other than long-term debt | 226 | 233 | 233 | 217 | 213 | 65 | |||
Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 46 | ||
Deferred income tax liabilities | 159 | 163 | 168 | 162 | 176 | ✕ | |||
Other liabilities | 67 | 70 | 65 | 55 | 38 | 19 | |||
Total noncurrent liabilities: | 1,527 | 1,520 | 1,153 | 1,032 | 1,347 | 335 | |||
Total liabilities: | 1,906 | 1,890 | 1,545 | 1,350 | 1,585 | 542 | |||
Temporary equity, carrying amount | 153 | 157 | 195 | 230 | 247 | 102 | |||
Equity | |||||||||
Equity, attributable to parent | 824 | 941 | 893 | 820 | 526 | 384 | |||
Common stock | 12 | 12 | 12 | 12 | 12 | 11 | |||
Treasury stock, value | (921) | (720) | (319) | (11) | (10) | (10) | |||
Additional paid in capital | 1,135 | 1,129 | 1,066 | 919 | 828 | 391 | |||
Accumulated other comprehensive loss | (28) | (30) | (24) | (24) | (35) | (26) | |||
Retained earnings (accumulated deficit) | 626 | 550 | 159 | (75) | (268) | 18 | |||
Equity, attributable to noncontrolling interest | 17 | 18 | 17 | 14 | 12 | 14 | |||
Total equity: | 842 | 959 | 910 | 834 | 537 | 398 | |||
TOTAL LIABILITIES AND EQUITY: | 2,901 | 3,006 | 2,650 | 2,414 | 2,370 | 1,042 |
Income Statement (P&L) ($ in millions)
9/30/2023 TTM | 3/31/2023 | 12/31/2022 TTM | 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | ||
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Revenues | 3,071 | 3,132 | 2,769 | 1,983 | 1,674 | 1,385 | ||
Cost of revenue (Cost of Goods and Services Sold) | (1,058) | |||||||
Other undisclosed gross profit | (1,953) | (2,046) | (1,969) | (1,293) | (1,357) | |||
Gross profit: | 1,118 | 1,086 | 800 | 690 | 316 | 327 | ||
Operating expenses | (4) | (32) | (3) | (272) | (277) | (190) | ||
Other undisclosed operating loss | (395) | (380) | (385) | (74) | (135) | (8) | ||
Operating income (loss): | 719 | 674 | 412 | 345 | (95) | 129 | ||
Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 8 | 8 | 5 | 3 | (2) | 1 | ||
Interest and debt expense | (0) | (34) | (1) | |||||
Other undisclosed loss from continuing operations before equity method investments, income taxes | (70) | (58) | (34) | (35) | (48) | (18) | ||
Income (loss) from continuing operations before equity method investments, income taxes: | 657 | 625 | 384 | 312 | (180) | 112 | ||
Income (loss) from equity method investments | 5 | 4 | 2 | 0 | 2 | (0) | ||
Income (loss) from continuing operations before income taxes: | 662 | 629 | 385 | 312 | (178) | 112 | ||
Income tax expense | (151) | (157) | (110) | (86) | (14) | (30) | ||
Income (loss) from continuing operations: | 511 | 472 | 275 | 226 | (192) | 81 | ||
Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | 389 | 275 | 226 | (192) | 81 | |
Net income (loss): | 511 | 472 | 275 | 226 | (192) | 81 | ||
Net loss attributable to noncontrolling interest | (4) | (5) | (4) | (2) | (1) | (4) | ||
Net income (loss) attributable to parent: | 507 | 468 | 271 | 224 | (193) | 78 | ||
Preferred stock dividends and other adjustments | (1) | (6) | (11) | (2) | ||||
Undistributed earnings (loss) allocated to participating securities, basic | (5) | (36) | (33) | (5) | ||||
Other undisclosed net loss available to common stockholders, basic | (6) | (0) | (0) | |||||
Net income (loss) available to common stockholders, diluted: | 507 | 461 | 230 | 185 | (205) | 70 |
Comprehensive Income ($ in millions)
9/30/2023 TTM | 3/31/2023 | 12/31/2022 TTM | 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | ||
---|---|---|---|---|---|---|---|---|
Net income (loss): | 511 | 472 | 275 | 226 | (192) | 81 | ||
Other undisclosed comprehensive income (loss) | (1) | (2) | 1 | 13 | (12) | (6) | ||
Comprehensive income (loss): | 510 | 470 | 276 | 239 | (204) | 76 | ||
Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (6) | (6) | (4) | (3) | 1 | (3) | ||
Comprehensive income (loss), net of tax, attributable to parent: | 504 | 464 | 271 | 235 | (203) | 73 |
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.