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 investments217427201951749
Cash and cash equivalents217427201951749
Receivables307242342236200187
Inventory, net of allowances, customer advances and progress billings464459494301282265
Inventory464459494301282265
Other current assets29291611106
Total current assets:1,0171,157872743666467
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 504481399
Intangible assets, net (including goodwill)1,0281,0411,0421,0811,153140
Goodwill620619610599598103
Intangible assets, net (excluding goodwill)40842143148255537
Regulated entity, other noncurrent assets 12 2   
Other noncurrent assets123122117856937
Other undisclosed noncurrent assets 630 548   
Total noncurrent assets:1,8841,8481,7781,6711,704576
TOTAL ASSETS:2,9013,0062,6502,4142,3701,042
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities356348367292210157
Taxes payable7522
Accounts payable21017422517110794
Accrued liabilities14517413511610162
Debt232225262849
Total current liabilities:379370391318238206
Noncurrent Liabilities
Long-term debt and lease obligation1,3021,2879208151,134270
Long-term debt, excluding current maturities1,2691,2729097821,089209
Capital lease obligations62
Finance lease, liability3215113345
Liabilities, other than long-term debt22623323321721365
Deferred tax liabilities, net46
Deferred income tax liabilities159163168162176
Other liabilities677065553819
Total noncurrent liabilities:1,5271,5201,1531,0321,347335
Total liabilities:1,9061,8901,5451,3501,585542
Temporary equity, carrying amount153157195230247102
Equity
Equity, attributable to parent824941893820526384
Common stock121212121211
Treasury stock, value(921)(720)(319)(11)(10)(10)
Additional paid in capital1,1351,1291,066919828391
Accumulated other comprehensive loss(28)(30)(24)(24)(35)(26)
Retained earnings (accumulated deficit)626550159(75)(268)18
Equity, attributable to noncontrolling interest171817141214
Total equity:842959910834537398
TOTAL LIABILITIES AND EQUITY:2,9013,0062,6502,4142,3701,042

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
Revenues3,0713,1322,7691,9831,6741,385
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:1,1181,086800690316327
Operating expenses(4)(32)(3)(272)(277)(190)
Other undisclosed operating loss(395)(380)(385)(74)(135)(8)
Operating income (loss):719674412345(95)129
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
8853(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:657625384312(180)112
Income (loss) from equity method investments54202(0)
Income (loss) from continuing operations before income taxes:662629385312(178)112
Income tax expense(151)(157)(110)(86)(14)(30)
Income (loss) from continuing operations:511472275226(192)81
Income (loss) before gain (loss) on sale of properties:389275226(192)81
Net income (loss):511472275226(192)81
Net loss attributable to noncontrolling interest(4)(5)(4)(2)(1)(4)
Net income (loss) attributable to parent:507468271224(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:507461230185(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):511472275226(192)81
Other undisclosed comprehensive income (loss)(1)(2)113(12)(6)
Comprehensive income (loss):510470276239(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:504464271235(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.

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