Advanced drainage systems, inc. (WMS)
Income statement / 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
Net sales

393,424

495,905

413,708

272,218

318,113

406,555

387,847

250,114

320,832

401,049

358,359

244,184

294,716

360,785

357,576

245,398

312,827

383,329

349,124

207,054

279,871

366,714

326,434

181,830

260,644

332,727

292,579

Cost of goods sold

270,066

349,381

307,256

212,714

245,714

311,182

288,156

201,999

243,006

311,248

271,620

204,933

225,275

270,273

260,970

195,894

237,985

296,800

274,647

182,670

230,584

296,577

265,129

170,562

201,302

267,139

236,229

Cost of goods sold - ESOP special dividend compensation

0

0

168,610

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gross profit

123,358

146,524

-62,158

59,504

72,399

95,373

99,691

48,115

77,826

89,801

86,739

39,251

69,441

90,512

96,606

49,504

74,842

86,529

74,477

24,384

49,287

70,137

61,305

11,268

59,342

65,588

56,350

Operating expenses:
Selling

29,967

29,971

26,365

24,179

23,260

24,731

24,165

22,416

22,903

24,346

23,099

22,743

21,292

23,210

24,230

23,077

21,580

22,594

21,227

19,876

20,113

20,740

19,752

22,522

16,365

18,635

16,520

General and administrative

37,023

48,030

31,433

24,610

22,116

21,584

21,382

24,041

23,788

23,887

26,676

32,521

22,719

21,181

34,529

27,696

20,450

25,673

18,685

24,438

16,249

16,200

18,968

22,508

13,647

13,655

13,087

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

-1,755

-2,004

-707

-2,075

-144

-324

-1,104

-4,535

-1,924

-5,121

-3,423

-5,432

-2,138

-737

-202

-254

603

-295

-866

176

-193

-281

-64

-1,199

-470

-204

4,736

Intangible amortization

13,593

9,300

1,542

1,935

1,976

1,985

1,984

1,997

2,012

2,015

2,044

2,117

2,116

2,128

2,187

2,175

2,182

2,341

2,526

2,203

2,328

2,610

2,613

2,292

2,613

2,620

2,620

Income (loss) from operations

41,020

57,219

-200,347

6,705

24,903

46,749

51,056

-4,874

27,199

34,432

31,497

-23,562

21,176

43,256

35,458

-3,698

31,233

35,626

31,173

-21,957

10,404

30,306

19,908

-37,253

26,247

30,474

28,859

Other expense:
Interest expense

-13,191

-52,332

-5,264

-4,590

-5,695

-4,531

-3,802

-2,642

-3,086

-5,055

-4,479

-3,916

-4,221

-4,546

-4,784

-4,504

-4,723

-4,947

-4,286

-4,642

-4,631

-5,044

-5,051

-4,777

-4,580

-4,721

-4,729

Derivative loss (gains) and other expense (income), net

-39

-175

96

729

-634

-94

814

-506

963

2,539

954

427

772

1,734

3,037

1,758

-2,561

-9,192

-6,580

-9,270

-5,556

240

216

656

541

24

-44

Income (loss) before income taxes

27,790

4,712

-205,515

2,844

18,574

42,124

48,068

-8,022

25,076

31,916

27,972

-27,051

17,727

40,444

33,711

-6,444

23,949

21,487

20,307

-35,869

217

25,502

15,073

-41,374

22,208

25,777

24,086

Income tax expense

4,032

-3,547

22,370

1,081

2,490

12,194

14,284

-4,401

-7,371

13,437

9,746

-10,913

5,986

15,348

14,194

342

10,090

5,187

7,879

-11,583

2,498

7,359

8,010

-22,067

23,565

8,928

9,211

Equity in net loss (income) of unconsolidated affiliates

-99

203

434

130

466

-558

-133

-1,235

768

-520

248

-1,914

-1,483

-815

-96

-4,299

-917

-372

354

-623

-988

-62

-662

-1,107

-1,461

-192

-326

Net income (loss)

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

-11,085

12,942

15,928

12,782

-24,909

-3,269

18,081

6,401

-20,414

-2,818

16,657

14,549

Less: net income attributable to noncontrolling interest

371

873

-1,095

883

738

702

1,371

847

1,110

96

732

58

1,205

547

1,148

1,034

-189

3,582

1,088

-269

1,372

2,153

875

-1,958

2,059

1,917

1,575

Net income (loss) attributable to ADS

23,288

7,589

-226,356

1,010

15,812

28,670

32,280

-5,703

32,105

17,863

17,742

-18,110

9,053

23,734

18,273

-12,119

13,131

12,346

11,694

-24,640

-4,641

15,928

5,526

-18,456

-4,877

14,740

12,974

Change in fair value of redeemable convertible preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-14,638

7,319

18,373

890

4,697

-3,186

1,578

Accretion of redeemable noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

399

380

362

-

329

257

-

-

-

-

-

-

-

-

-

Dividends to redeemable convertible preferred stockholders

-

-

-

-

-

-

-

-

-

-

-

-

407

415

425

-

349

362

371

289

298

37

37

9,500

209

214

216

Dividends paid to unvested restricted stockholders

-

-

-

-

-

-

-

-

-

-

-

-

32

24

30

-

6

6

6

-

9

-

-

1

8

8

8

Net income available to common stockholders and participating securities

-

-

-

-

-

-

-

-

-

-

-

-

8,215

22,915

17,456

-

12,447

11,721

11,317

-24,931

-4,948

23,210

-12,884

22,533

-9,791

-11,332

-11,172

Undistributed income allocated to participating securities

-

-

-

-

-

-

-

-

-

-

-

-

503

2,040

1,524

-

1,016

980

-969

-

-

-2,657

-

-

-1,259

1,203

1,186

Net income available to common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

7,712

20,875

15,932

-

11,431

10,741

10,348

-22,274

-4,948

20,553

-12,884

-20,086

-9,791

10,129

9,986

Weighted average common shares outstanding:
Basic

68,508

60,222

57,576

57,397

57,180

56,929

56,594

56,295

55,917

55,269

55,303

56,619

54,557

54,429

54,071

54,274

54,133

53,882

53,623

53,336

52,986

51,518

47,536

47,417

47,251

47,250

47,190

Diluted

69,298

60,876

57,576

58,043

57,685

57,558

57,158

56,974

56,459

55,893

56,010

57,125

55,167

55,276

54,928

55,108

55,402

55,194

55,000

48,377

52,986

56,477

47,536

46,589

47,251

47,579

47,689

Net income (loss) per share:
Basic

0.28

0.10

-4.06

0.02

0.25

0.45

0.51

-0.10

0.52

0.29

0.29

-0.30

0.14

0.38

0.29

-0.20

0.21

0.20

0.19

-0.42

-0.09

0.40

-0.27

-0.42

-0.21

0.21

0.21

Diluted

0.28

0.10

-4.06

0.01

0.25

0.45

0.51

-0.09

0.51

0.29

0.28

-0.31

0.14

0.38

0.29

-0.20

0.21

0.19

0.19

-0.42

-0.09

0.40

-0.27

-0.42

-0.21

0.21

0.21

Cash dividends declared per share

-

-

-

-

-

-

-

-

0.07

0.07

0.07

-

0.06

0.06

0.06

0.05

0.05

0.05

0.05

-

0.04

-

-

-

0.03

0.03

-

ESOP special dividend compensation [Member]
Selling, general and administrative - ESOP special dividend compensation

0

0

78,142

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-