Company name:

Advanced Drainage Systems Inc

  • IPO SHARE PRICE:
    $16.00
  • IPO DATE:
    25 July 2014
  • TICKER:
    WMS
  • MAIN STOCK EXCHANGE:
    New York Stock Exchange
  • CURRENT HQ LOCATION:
    4640 Trueman Boulevard Hilliard Ohio 43026
  • FISCAL YEAR END:
    March 31
  • INCORPORATION JURISDICTION:
    DE
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

Advanced Drainage Systems Inc

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Balance Sheet

Quarterly Annual
(USD in thousand)
9.6% 8.1% 10.2%
Selected Year:
31-Dec
2020
Current Assets
Most valuable part of Current Assets is Cash and Marketable Securities which should be watched carefully; at the same time high and growing level of Accounts Receivables is very dangerous sign
28.3%
10.2% —

Inventory

9.6% —

Cash and cash equivalents

8.1% —

Accounts Receivable

0.5% —

Other short-term assets

Liquidity
Selected Year:
The most liquid asset, however, most companies don't keep much of it and invest excess cash into marketable securities such as Government bonds - in the US - Treasuries
Cash and cash equivalents
$45,679
$45,679
$45,679
 $17,587 $8,891 $174,233 $223,996
Accounts Receivable
$45,679
$45,679
$45,679
 171,961 186,991 200,028 188,744
Inventory
$45,679
$45,679
$45,679
 263,792 264,540 282,398 238,860
Deferred income taxes and other current assets
$45,679
$45,679
-
 - - - -
Other short-term assets
-
-
$45,679
 5,113 6,091 9,552 11,934
Total current assets
$45,679
$45,679
$45,679
 $458,453 $466,513 $666,211 $663,534
21.2% 3.5% 21.4% 25.6%
Selected Year:
31-Dec
2020
Non-Current Assets
Non-current assets characterize company's business: high Property, Plant, and Equipment means that company is in capital-intensive industry which typically is very cyclical (earnings fluctuate a lot); watch out for high level of Goodwill and other non-intangibles which is bad sign as they typically worth very low relative to their value shown on the balance sheet
71.7%
25.6% —

Goodwill

21.4% —

Intangible assets

21.2% —

Property plant and equipment net

3.5% —

Other assets non-current
Selected Year:
Property plant and equipment net
45,679
45,679
45,679
 399,381 398,891 481,380 496,052
Intangible assets
45,679
45,679
45,679
 44,437 37,177 555,338 501,812
Goodwill
45,679
45,679
45,679
 103,017 102,638 597,819 598,957
Other assets non-current
-
-
-
 - - 69,140 82,081
Other non-current assets
45,679
45,679
45,679
 37,954 36,940 69,140 -
Total non-current assets
45,679
45,679
45,679
 584,789 575,646 1,703,677 1,678,902
Total assets
45,679
45,679
45,679
 $1,043,242 $1,042,159 $2,369,888 $2,342,436
5.1% 4.6% 7.2% 33.5% 37.7% 10.9%
Selected Year:
31-Dec
2020
Current Liabilities
Current Liabilities represent company's short-term dues to others. The most important part to watch for is short-term debt and accounts payables
11.8%
5.1% —

Other accrued liabilities

4.6% —

Accounts payable

1.0% —

Accrued income taxes

0.8% —

Current portion of Finance leases

0.3% —

Current debt
Selected Year:
Accounts payable
$45,679
$45,679
$45,679
 $105,521 $93,577 $106,710 $108,368
Accrued income taxes
$45,679
$45,679
$45,679
 6,307 1,758 2,050 23,278
Other accrued liabilities
$45,679
$45,679
$45,679
 60,560 61,901 101,116 119,956
Current portion of liability-classified stock-based awards
-
$45,679
-
 - - - -
Current debt
$45,679
$45,679
$45,679
 26,848 25,932 7,955 7,000
Current portion of Capital leases
$45,679
$45,679
$45,679
 22,007 - - -
Current portion of Finance leases
-
-
-
 - 23,117 20,382 18,957
Total current liabilities
$45,679
$45,679
$45,679
 $221,243 $206,285 $238,213 $277,559
Selected Year:
31-Dec
2020
Non-Current Liabilities
The most critical items are revolving credit facility, term loans, and then notes - any forms of debt; in addition, pay attention to items like pension liabilites and leases- hidden debt
44.3%
33.5% —

Long-term debt

7.2% —

Deferred tax liability

2.2% —

Other non-current liabilities

1.5% —

Finance leases
Selected Year:
Deferred tax liability
$45,679
$45,679
$45,679
 32,304 45,963 175,616 167,645
Long-term debt
$45,679
$45,679
$45,679
 270,900 208,602 1,089,368 783,874
Capital leases
$45,679
$45,679
$45,679
 59,963 - - -
Finance leases
-
-
-
 - 61,555 44,501 34,007
Other non-current liabilities
$45,679
$45,679
$45,679
 25,023 19,119 37,608 52,453
Total long-term liabilities
$45,679
$45,679
$45,679
 $388,190 $335,239 $1,347,093 $1,037,979
Total Liabilities
$45,679
$45,679
$45,679
 $609,433 $541,524 $1,585,306 $1,315,538
Selected Year:
31-Dec
2020
Equity
It's residue that is owned by shareholders after satisfying all of the liabilities with all of the assets; the larger the amount, the better the business is
33.5%
37.7% —

Additional paid-in capital

10.9% —

Redeemable convertible preferred stock

0.6% —

Non-controlling interest in subsidiaries

0.5% —

Common stock
Selected Year:
Non-controlling interest in subsidiaries
$45,679
$45,679
$45,679
 $16,663 $13,986 $11,762 $13,154
Redeemable non-controlling interest in subsidiaries
$45,679
$45,679
$45,679
 8,471 - - -
Deferred compensation unearned ESOP shares
$45,679
$45,679
$45,679
 (190,168) (180,316) (22,432) (13,952)
Redeemable convertible preferred stock
$45,679
$45,679
$45,679
 291,247 282,638 269,529 255,491
Common stock
$45,679
$45,679
$45,679
 11,426 11,436 11,555 11,567
Treasury Stock
$45,679
$45,679
-
 - (9,863) (10,461) (10,949)
Treasury Stock at cost
-
-
$45,679
 (8,277) (9,863) (10,461) -
Retained earnings
-
-
-
 (39,214) 17,582 (267,619) -
Accumulated deficit
$45,679
$45,679
$45,679
 - - (267,619) (86,903)
Additional paid-in capital
$45,679
$45,679
$45,679
 364,908 391,039 827,573 882,843
Accumulated other comprehensive loss
$45,679
$45,679
$45,679
 (21,247) (25,867) (35,325) (24,353)
Total mezzanine equity
$45,679
$45,679
$45,679
 109,550 102,322 247,097 241,539
Total Equity attributable to Company
$45,679
$45,679
$45,679
 307,596 384,327 525,723 772,205
Total Equity
$45,679
$45,679
$45,679
 $324,259 $398,313 $537,485 $785,359
Total Liabilities and Equity
$45,679
$45,679
$45,679
 $1,043,242 $1,042,159 $2,369,888 $2,342,436