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
Q3
9/30/2020
Q2
6/30/2020
Q1
3/31/2020
Q4
12/31/2019
Q3
9/30/2019
Q2
6/30/2019
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments22420423517498549
Cash and cash equivalents22420423517498549
Receivables189260242200157250232
Inventory, net of allowances, customer advances and progress billings239223239282261249230
Inventory239223239282261249230
Other current assets121313109119
Total current assets:664701729666526564481
Noncurrent Assets
Property, plant and equipment496482477481488492396
Intangible assets, net (including goodwill)1,1011,1181,1361,1531,1661,171139
Goodwill599598598598668670103
Intangible assets, net (excluding goodwill)50252053755549850236
Other noncurrent assets82737369696853
Total noncurrent assets:1,6791,6731,6861,7041,7231,731588
TOTAL ASSETS:2,3422,3732,4152,3702,2492,2951,068
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities252256231210193213195
Accounts payable1081149710778111106
Accrued liabilities1201191051011079876
Taxes payable23233028313
Debt26262828292926
Other undisclosed current liabilities      23
Total current liabilities:278282259238222241244
Noncurrent Liabilities
Long-term debt and lease obligation8189231,0781,1341,0561,113230
Long-term debt, excluding current maturities7848861,0371,0899911,043230
Finance lease, liability343741454953 
Operating lease, liability    1617 
Liabilities, other than long-term debt220213214213343777
Deferred tax liabilities, net49
Deferred income tax liabilities168172173176   
Other liabilities52414038343729
Other undisclosed noncurrent liabilities    14114156
Total noncurrent liabilities:1,0381,1351,2921,3471,2311,291364
Total liabilities:1,3161,4181,5511,5851,4531,532608
Temporary equity, carrying amount242246250247250251248
Stockholders' equity
Stockholders' equity attributable to parent772697602526531498199
Common stock12121212121211
Treasury stock, value(11)(11)(11)(10)(10)(10)(10)
Additional paid in capital883859840828817801501
Accumulated other comprehensive loss(24)(30)(32)(35)(25)(26)(24)
Accumulated deficit(87)(133)(206)(268)(262)(278)(279)
Stockholders' equity attributable to noncontrolling interest13131212151413
Total stockholders' equity:785710615537546512212
TOTAL LIABILITIES AND EQUITY:2,3422,3732,4152,3702,2492,2951,068

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

12/31/2020
Q3
9/30/2020
Q2
6/30/2020
Q1
3/31/2020
Q4
12/31/2019
Q3
9/30/2019
Q2
6/30/2019
Q1
Revenues486544509561393496414
Other undisclosed gross profit(318)(338)(320)(512)(270)(349)(476)
Gross profit:16920618949123147(62)
Operating expenses(68)(66)(63)(138)(69)(80)(59)
Other undisclosed operating loss(18)(18)(18)(129)(14)(9)(80)
Operating income (loss):83122107(218)4157(200)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
001(2)(0)(0)0
Interest and debt expense  (0)(34)  (0)
Other undisclosed loss from continuing operations before equity method investments, income taxes(8)(9)(10)(35)(13)(52)(5)
Income (loss) from continuing operations before equity method investments, income taxes:7511298(288)285(206)
Income (loss) from equity method investments(0)002(0)00
Income (loss) from continuing operations before income taxes:7411298(286)285(205)
Income tax expense (benefit)(20)(32)(27)15(4)4(22)
Net income (loss):548171(271)248(227)
Net income (loss) attributable to noncontrolling interest(0)(0)(0)1(0)(1)1
Net income (loss) attributable to parent:548070(270)238(226)
Preferred stock dividends and other adjustments(1)(1)(1)(10)(1)(1)(7)
Undistributed earnings (loss) allocated to participating securities, basic(8)(13)(11) (3)(0) 
Other undisclosed net income (loss) available to common stockholders, basic  (0)6(0)(0)(0)
Net income (loss) available to common stockholders, diluted:456658(274)196(234)

Comprehensive Income ($ in millions)

12/31/2020
Q3
9/30/2020
Q2
6/30/2020
Q1
3/31/2020
Q4
12/31/2019
Q3
9/30/2019
Q2
6/30/2019
Q1
Net income (loss):548171(271)248(227)
Other undisclosed comprehensive income (loss)723(5)2(2)2
Comprehensive income (loss):618374(276)266(226)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2)(1)(1)3(1)(1)1
Comprehensive income (loss), net of tax, attributable to parent:608273(273)256(225)

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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