Advanced Drainage Systems, Inc. (WMS) financial statements (2021 and earlier)

Company profile

Business Address 4640 TRUEMAN BOULEVARD
HILLIARD, OH 43026
State of Incorp. DE
Fiscal Year End March 31
SIC 3086 - Plastics Foam Products (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments22417491867
Cash and cash equivalents22417491867
Receivables189200187172169187
Inventory, net of allowances, customer advances and progress billings239282265264258230
Inventory239282265264258230
Other current assets121065  
Other undisclosed current assets    716
Total current assets:664666467458441440
Noncurrent Assets
Property, plant and equipment496481399399407392
Intangible assets, net (including goodwill)1,1011,153140147152161
Goodwill599598103103101101
Intangible assets, net (excluding goodwill)50255537445260
Other noncurrent assets826937384748
Total noncurrent assets:1,6791,704576585606601
TOTAL ASSETS:2,3422,3701,0421,0431,0461,040
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities252210157172185187
Accounts payable10810794106122120
Accrued liabilities12010162615465
Taxes payable2322682
Debt262849495955
Deferred compensation liability    1210
Total current liabilities:278238206221256252
Noncurrent Liabilities
Long-term debt and lease obligation8181,134270331370372
Long-term debt, excluding current maturities7841,089209271311315
Finance lease, liability3445
Capital lease obligations62605957
Liabilities, other than long-term debt220213655771102
Deferred tax liabilities, net46324464
Deferred income tax liabilities168176
Other liabilities523819252738
Total noncurrent liabilities:1,0381,347335388440474
Total liabilities:1,3161,585542609696726
Temporary equity, carrying amount242247102110113112
Stockholders' equity
Stockholders' equity attributable to parent772526384308223187
Common stock121211111212
Treasury stock, value(11)(10)(10)(8)(437)(441)
Additional paid in capital883828391365756739
Accumulated other comprehensive loss(24)(35)(26)(21)(25)(21)
Retained earnings (accumulated deficit)(87)(268)18(39)(84)(102)
Stockholders' equity attributable to noncontrolling interest131214171515
Total stockholders' equity:785537398324238202
TOTAL LIABILITIES AND EQUITY:2,3422,3701,0421,0431,0461,040

Income statement (P&L) ($ in millions)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Revenues2,1001,6741,3851,3301,2571,291
Revenue, net1,3301,2571,291
Cost of revenue
(Cost of Goods and Services Sold)
  (1,058)(1,028)(961)(1,005)
Other undisclosed gross profit(1,488)(1,357)    
Gross profit:612316327302296285
Operating expenses(335)(277)(190)(206)(211)(182)
Other undisclosed operating loss(183)(135)(8)(8)(9)(9)
Operating income (loss):94(95)129887694
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(1)(2)146(17)
Interest and debt expense(34)(34)(1)(1)(1)(1)
Other undisclosed loss from continuing operations before equity method investments, income taxes(62)(48)(18)(14)(16)(17)
Income (loss) from continuing operations before equity method investments, income taxes:(4)(180)112776559
Income (loss) from equity method investments22(0)(1)(4)(5)
Income (loss) from continuing operations before income taxes:(2)(178)112766154
Income tax expense(64)(14)(30)(11)(25)(23)
Net income (loss):(66)(192)81653631
Net income (loss) attributable to noncontrolling interest1(1)(4)(3)(3)(6)
Net income (loss) attributable to parent:(65)(193)78623325
Preferred stock dividends and other adjustments(14)(11)(2)(2)(3)(2)
Undistributed earnings (loss) allocated to participating securities, basic(32) (5)(5)
Other undisclosed net income (loss) available to common stockholders, basic6(0)(0)(0)(2)(1)
Net income (loss) available to common stockholders, diluted:(105)(205)70562821

Comprehensive Income ($ in millions)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
3/31/2016
Net income (loss):(66)(192)81653631
Other comprehensive loss     (9)
Other undisclosed comprehensive income (loss)8(12)(6)4(5) 
Comprehensive income (loss):(58)(204)76693122
Comprehensive income (loss), net of tax, attributable to noncontrolling interest01(3)(3)(1)(3)
Comprehensive income (loss), net of tax, attributable to parent:(58)(203)73662919

Statements sources

The financial statements are based on the company's filings with the 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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