Advanced drainage systems, inc. (WMS)
CashFlow / Quarterly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13
Cash Flows from Operating Activities
Net (loss) income

23,659

8,462

-227,451

1,893

16,550

29,372

33,651

-4,856

33,215

17,959

18,474

-18,052

10,258

24,281

19,421

-

-

-

-

-

-

-

-

-

-

-

-

Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization

31,172

26,566

16,694

18,988

17,549

17,536

17,827

19,210

17,852

19,720

18,221

18,290

18,029

18,010

18,026

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-2,225

-1,064

2,191

10,497

-905

1,492

1,729

1,499

-11,937

-520

-281

-10,251

-549

2,574

-745

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal of assets and costs from exit and disposal activities

-1,755

-2,004

-707

-2,075

-144

-324

-1,104

-2,187

-1,924

-5,121

-3,423

-4,239

-2,138

-702

-237

-

-

-

-

-

-

-

-

-

-

-

-

ESOP and stock-based compensation

11,283

8,657

7,425

5,686

4,382

6,180

5,580

5,759

4,377

4,405

4,304

7,749

-1,091

-540

11,757

-

-

-

-

-

-

-

-

-

-

-

-

ESOP special dividend compensation

0

0

246,752

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred financing charges

95

34,111

174

174

174

196

191

188

196

197

353

353

353

361

341

-

-

-

-

-

-

-

-

-

-

-

-

Fair market value adjustments to derivatives

93

793

-1,789

-370

-2,877

276

625

1,256

1,398

781

-191

-376

2,237

4,153

4,907

-

-

-

-

-

-

-

-

-

-

-

-

Equity in net (income) loss of unconsolidated affiliates

-99

203

434

130

466

-558

-133

-1,235

768

-520

248

-1,914

-1,483

-815

-96

-

-

-

-

-

-

-

-

-

-

-

-

Other operating activities

2,378

755

2,880

1,726

2,151

312

1,030

11,036

32

-13,734

1,656

2,622

3,906

-364

-293

-

-

-

-

-

-

-

-

-

-

-

-

Changes in working capital:
Receivables

-95,748

389

44,494

34,721

-81,417

9,739

54,910

-10,490

-96,646

63,994

47,469

14,058

-60,226

6,255

24,858

-

-

-

-

-

-

-

-

-

-

-

-

Inventories

13,999

-22,513

-34,803

17,739

673

-15,338

-1,040

49,401

1,645

-48,650

2,445

33,215

483

-15,057

9,276

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

-1,500

-172

3,089

-1,558

446

-1,549

3,665

457

-1,849

-2,803

2,547

1,195

-2,217

-747

4,317

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable, accrued expenses, and other liabilities

-24,116

3,817

30,653

16,731

-28,591

-13,888

8,806

24,649

-29,759

-2,888

-6,857

34,689

-15,383

-6,255

-6,200

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

124,607

108,871

62,840

3,656

89,861

48,330

9,831

-1,789

110,520

44,926

-16,537

-12,392

71,055

45,708

-132

5,901

112,517

35,066

-18,142

-15,873

75,346

33,448

-18,542

-23,428

87,453

36,023

-27,638

Cash Flows from Investing Activities
Capital expenditures

20,671

15,899

9,723

12,282

11,831

12,425

6,874

6,585

8,089

9,086

17,949

10,172

12,708

11,201

12,595

13,468

9,940

10,939

10,595

10,799

5,685

8,164

7,432

14,451

4,921

8,419

13,142

Proceeds from disposition of assets or businesses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

244

138

96

60

3,152

94

94

5,962

Investment in unconsolidated affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

7,566

90

985

4,750

550

Additions of capitalized software

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

940

-

160

33

408

-

775

82

104

Proceeds from note receivable to related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

7,708

-3,854

-

-

-

-

-

-

-

-

Other investing activities

131

103

13

241

-680

-538

109

-180

159

157

254

589

179

422

200

147

363

206

172

388

-313

215

310

271

-98

247

286

Net cash used in investing activities

-21,507

-1,104,619

-9,736

-12,523

-11,151

-11,887

-6,983

1,280

-2,289

-11,233

-18,203

-19,838

-17,003

-11,623

-12,795

-13,615

-10,303

-9,539

-15,561

-46,727

-5,394

-8,316

-15,656

-10,699

-6,489

-13,404

-8,120

Cash Flows from Financing Activities
Proceeds from Term Loan Facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

77,500

22,500

Payments on Term Loan Facility

-

-

-

-

-

-

-

0

0

0

72,500

2,500

2,500

2,500

2,500

2,500

2,500

1,875

1,875

1,875

1,875

1,250

1,250

-

-

-

-

Proceeds from Senior Notes

-

-

-

-

-

-

-

0

0

0

75,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Credit Agreement

0

40,500

137,400

-

-

-

101,400

90,400

61,500

123,000

212,950

97,000

79,800

121,600

114,000

86,400

69,900

122,400

130,400

139,000

75,440

83,760

91,000

189,403

75,900

88,700

136,700

Payments on Credit Agreement

0

62,300

115,600

-

-

-

93,700

80,200

158,300

117,900

155,750

53,200

121,500

119,200

88,700

69,900

155,300

132,900

90,100

72,700

132,500

176,400

50,600

39,660

147,700

129,300

113,000

Debt issuance costs

-

-

-

-

-

-

-

0

0

0

2,268

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2,311

Proceeds from notes, mortgages, and other debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-185

-119

-244

6,926

-

-

-

-

-

-

-

-

Payments of notes, mortgages and other debt

-

-

-

-

-

-

230

230

225

225

1,225

220

220

215

215

25

91

3,875

3,217

2,955

283

1,348

317

3,217

-312

-656

-307

Payments on finance lease obligations

6,049

6,328

6,047

6,493

6,172

5,734

5,885

6,038

5,959

6,151

6,066

5,387

5,563

5,452

5,358

4,874

4,659

6,055

4,192

2,659

1,152

1,963

3,504

3,218

3,123

3,095

2,804

Cash dividends paid

7,522

6,683

69,641

5,064

9,466

5,477

6,141

4,967

4,838

4,320

4,353

5,809

3,673

3,673

3,665

3,569

4,498

4,389

3,784

3,615

3,247

498

509

108,437

2,328

1,815

2,478

Proceeds from exercise of stock options

3,850

917

1,513

1,971

464

258

3,215

1,481

7,506

94

6

1,324

0

39

2,648

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock

-

-

-

-

-

-

-

0

0

0

7,947

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other financing activities

0

22

-258

1,259

-594

-769

-257

-870

-387

-519

-652

356

-719

-612

-8

588

-248

-956

587

-877

53

-101

253

496

-423

687

-870

Net cash provided by (used in) financing activities

-59,721

1,040,770

-52,633

-2,276

-76,289

-37,492

-1,598

-424

-100,703

-31,021

37,195

26,245

-50,259

-35,013

16,202

6,852

-97,490

-27,071

34,745

55,430

-65,585

-23,127

35,073

32,754

-77,668

-23,625

37,430

Effect of exchange rate changes on cash

726

-172

-5

276

-275

267

-443

113

-304

-206

-188

338

-500

564

-662

1,005

-1,793

178

182

40

-195

-144

-86

-31

3

6

3

Net change in cash

44,105

44,850

466

-10,867

2,146

-782

807

-820

7,224

2,466

2,267

-5,647

3,293

-364

2,613

143

2,931

-1,366

1,224

-7,130

4,172

1,861

789

-1,404

3,299

-1,000

1,675

SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid for income taxes

2,251

6,664

535

-

9,128

17,379

952

-

3,239

16,270

5,899

-

1,030

896

2,229

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

6,221

13,851

3,920

-

3,474

4,032

4,000

-

4,480

4,926

4,498

-

3,868

4,413

4,996

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash operating, investing and financing activities:
Acquisition of property, plant and equipment under finance lease and incurred lease obligations

-

-

296

-

-

-

3,171

-

10,797

5,608

9,588

-

1,801

1,465

13,450

-

-

-

-

-

-

-

-

-

-

-

-

Balance in accounts payable for the acquisition of property, plant and equipment

460

-695

4,364

-

-771

1,301

1,851

-

-377

-1,218

2,593

-

-

-1,090

2,255

-

-

-

-

-

-

-

-

-

-

-

-