ADVANCED DRAINAGE SYSTEMS, INC. WMS Balance Sheet

Advanced drainage systems, inc. (WMS)

Balance Sheet / TTM

Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14
ASSETS
Current assets:
Cash
98,312	54,207	9,357	8,891	19,758	17,612	18,394	17,587	18,407	11,183	8,717	6,450	12,097	8,804	9,168	6,555	6,412	3,481	4,847	3,623	10,753	6,581	4,720	3,931
Receivables (less allowance for doubtful accounts of $5,150 and $7,653, respectively)
156,973	250,470	231,829	186,991	152,538	236,968	228,905	171,961	176,942	279,711	215,432	168,943	154,576	215,294	212,167	186,883	171,768	254,583	229,684	154,294	161,119	246,046	213,892	148,271
Inventories
261,347	248,914	230,284	264,540	246,451	247,161	261,721	263,792	215,045	214,283	262,188	258,430	222,631	223,226	238,718	230,466	199,589	214,396	250,322	260,550	219,750	232,262	253,689	259,891
Other current assets
9,153	10,629	9,185	6,091	7,641	7,219	8,740	5,113	4,962	7,161	9,512	6,743	5,482	7,573	8,460	15,658	26,936	29,509	27,829	25,943	14,437	13,737	17,893	14,465
Total current assets
525,785	564,220	480,655	466,513	426,388	508,960	517,760	458,453	415,356	512,338	495,849	440,566	394,786	454,897	468,513	439,562	404,705	501,969	512,682	444,410	406,059	498,626	490,194	426,558
Property, plant and equipment, net
488,386	492,017	396,280	398,891	402,819	402,238	391,710	399,381	410,534	410,271	417,635	406,858	393,480	397,409	401,822	391,744	387,654	389,826	389,283	375,813	353,093	359,742	359,944	350,351
Other assets:
Goodwill
668,154	669,753	102,844	102,638	102,423	103,002	102,792	103,017	103,282	103,380	100,860	100,566	100,441	100,696	100,857	100,885	100,205	100,483	98,894	98,679	87,951	88,000	88,019	88,017
Intangible assets, net
498,113	501,572	35,733	37,177	38,554	40,693	42,486	44,437	46,439	48,429	50,125	51,758	53,457	55,682	57,822	59,869	61,492	63,811	55,761	58,055	51,874	54,132	56,702	59,194
Other assets
68,737	67,758	52,903	36,940	36,856	39,342	36,158	37,954	37,623	35,691	48,860	46,537	45,002	46,195	45,614	45,256	49,220	51,656	59,561	61,167	64,392	67,660	71,068	65,447
Total assets
2,249,175	2,295,320	1,068,415	1,042,159	1,007,040	1,094,235	1,090,906	1,043,242	1,013,234	1,110,109	1,113,329	1,046,285	987,166	1,054,879	1,074,628	1,037,316	1,003,276	1,107,745	1,116,181	1,038,124	963,369	1,068,160	1,065,927	989,567
LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ EQUITY
Current liabilities:
Current maturities of debt obligations
7,954	6,195	25,939	25,932	26,165	26,395	26,623	26,848	26,833	26,818	27,301	37,789	36,717	36,497	35,880	35,870	35,860	35,850	10,215	9,580	11,700	11,148	11,667	11,153
Current maturities of finance lease obligations
21,413	22,555	22,695	23,117	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current maturities of capital lease obligations
-	-	-	-	23,354	22,970	21,787	22,007	22,654	21,949	21,946	21,450	20,367	20,640	20,872	19,231	18,374	19,292	17,661	15,731	14,677	12,225	14,419	12,364
Accounts payable
78,292	111,450	106,413	93,577	66,361	95,861	102,884	105,521	71,591	93,944	107,131	121,922	71,362	95,437	112,646	119,606	74,000	87,020	109,163	111,893	71,047	115,716	124,575	110,972
Current portion of liability-classified stock-based awards
-	-	-	-	-	-	-	-	-	-	-	-	11,104	14,344	13,953	10,118	14,647	19,143	16,320	17,611	-	-	-	-
Other accrued liabilities
106,527	97,979	76,267	61,901	67,567	65,116	66,037	60,560	66,665	71,611	59,523	66,386	56,720	59,582	64,806	65,099	75,070	80,690	61,821	54,349	54,518	50,240	42,042	43,085
Accrued income taxes
7,899	3,169	12,669	1,758	6,608	10,455	16,090	6,307	9,825	12,209	12,910	8,207	20,406	13,126	103	2,260	14,318	8,907	10,295	6,299	18,656	19,698	10,630	7,980
Total current liabilities
222,085	241,348	243,983	206,285	190,055	220,797	233,421	221,243	197,568	226,531	228,811	255,754	216,676	239,626	248,260	252,184	232,269	250,902	225,475	215,463	170,598	209,027	203,333	185,554
Long-term debt obligations (less unamortized debt issuance costs of $2,507 and $2,293, respectively)
991,267	1,043,154	230,337	208,602	200,764	252,524	278,561	270,900	260,981	358,047	377,712	310,849	269,388	312,712	335,130	312,214	301,565	389,685	431,754	390,315	326,725	386,435	481,215	442,895
Long-term finance lease obligations
48,604	52,746	56,368	61,555	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term capital lease obligations
-	-	-	-	63,541	62,283	57,388	59,963	64,959	60,934	61,521	58,710	55,601	59,170	63,231	56,809	56,265	57,586	56,515	45,503	47,831	49,237	42,995	34,366
Deferred tax liabilities
156,707	158,079	48,745	45,963	35,472	35,750	34,008	32,304	31,021	42,971	43,753	44,007	52,159	54,602	52,545	63,952	55,739	57,871	61,112	62,832	59,084	60,401	64,497	66,333
Other liabilities
34,112	37,017	28,641	19,119	22,220	24,721	22,950	25,023	22,681	22,868	23,484	26,530	31,070	32,147	40,185	37,921	37,464	40,883	41,169	38,865	28,346	27,319	31,874	32,170
Total liabilities
1,452,775	1,532,344	608,074	541,524	512,052	596,075	626,328	609,433	577,210	711,351	735,281	695,850	624,894	698,257	739,351	723,080	683,302	796,927	816,025	752,978	632,584	732,419	823,914	761,318
Commitments and contingencies (see Note 12)
-	-	-	-	-	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Mezzanine equity:
Redeemable common stock: $0.01 par value; 0 and 38,320 shares issued and outstanding, respectively
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	659,431	549,119
Redeemable convertible preferred stock: $0.01 par value; 47,070 shares authorized; 44,170 shares issued; 22,072 and 22,611 shares outstanding, respectively
275,896	279,785	279,816	282,638	285,117	285,117	287,337	291,247	293,284	296,410	298,357	302,814	303,849	305,361	307,513	310,240	311,240	313,302	317,665	320,490	322,469	326,623	348,898	291,720
Deferred compensation – unearned ESOP shares
25,471	28,565	31,659	180,316	182,980	185,376	187,772	190,168	192,180	194,192	196,204	198,216	200,180	202,008	203,836	205,664	207,154	208,926	210,697	212,469	211,674	215,024	233,106	197,888
Redeemable noncontrolling interest in subsidiaries
-	-	-	-	-	8,968	8,474	8,471	9,000	8,682	8,431	8,227	8,968	8,415	7,794	7,171	7,166	6,698	-	-	-	-	-	-
Total mezzanine equity
250,425	251,220	248,157	102,322	102,137	108,709	108,039	109,550	110,104	110,900	110,584	112,825	112,637	111,768	111,471	111,747	111,252	111,074	106,968	108,021	110,795	111,599	775,223	642,951
Stockholders’ equity:
Common stock; $0.01 par value: 1,000,000 shares authorized; 69,260 and 57,964 shares issued, respectively; 68,775 and 57,490 shares outstanding, respectively
11,549	11,545	11,439	11,436	11,433	11,433	11,431	11,426	11,424	12,393	12,393	12,393	12,393	12,393	12,393	12,393	12,393	12,393	12,393	12,393	12,393	12,393	11,957	11,957
Paid-in capital
817,028	800,947	501,046	391,039	383,300	381,475	375,215	364,908	357,684	778,548	774,874	755,787	749,684	748,177	746,054	739,097	736,376	733,511	728,646	723,495	693,799	689,980	-	12,438
Common stock in treasury, at cost
10,200	10,162	10,162	9,863	9,117	9,035	9,033	8,277	7,958	442,787	443,561	436,984	437,990	438,404	439,009	440,995	441,822	442,418	443,660	445,065	446,479	447,674	447,992	448,439
Accumulated other comprehensive loss
-24,969	-26,427	-24,470	-25,867	-27,675	-22,843	-24,684	-21,247	-20,933	-19,442	-22,239	-24,815	-27,039	-24,362	-22,881	-21,261	-26,122	-23,683	-14,430	-15,521	-11,560	-9,355	-6,525	-6,830
Retained (deficit) earnings
-261,986	-277,725	-278,727	17,582	22,017	11,631	-11,976	-39,214	-29,007	-56,746	-70,289	-83,678	-61,729	-67,109	-87,170	-101,778	-86,484	-96,593	-105,918	-114,590	-46,608	-40,900	-109,454	-2,412
Total ADS stockholders’ equity
531,422	498,178	199,126	384,327	379,958	372,661	340,953	307,596	311,210	271,966	251,178	222,703	235,319	230,695	209,387	187,456	194,341	183,210	177,031	160,712	201,545	204,444	-552,014	-433,286
Noncontrolling interest in subsidiaries
14,553	13,578	13,058	13,986	12,893	16,790	15,586	16,663	14,710	15,892	16,286	14,907	14,316	14,159	14,419	15,033	14,381	16,534	16,157	16,413	18,445	19,698	18,804	18,584
Total stockholders’ equity
545,975	511,756	212,184	398,313	392,851	389,451	356,539	324,259	325,920	287,858	267,464	237,610	249,635	244,854	223,806	202,489	208,722	199,744	193,188	177,125	219,990	224,142	-533,210	-414,702
Total liabilities, mezzanine equity and stockholders’ equity
2,249,175	2,295,320	1,068,415	1,042,159	1,007,040	1,094,235	1,090,906	1,043,242	1,013,234	1,110,109	1,113,329	1,046,285	987,166	1,054,879	1,074,628	1,037,316	1,003,276	1,107,745	1,116,181	1,038,124	963,369	1,068,160	1,065,927	989,567