Company name:
Advanced Disposal Services Inc
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IPO SHARE PRICE:$18.00
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IPO DATE:06 October 2016
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TICKER:ADSW
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MAIN STOCK EXCHANGE:NYSE
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CURRENT HQ LOCATION:90 Fort Wade Road Ponte Vedra Florida 32081
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FISCAL YEAR END:December 31
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INCORPORATION JURISDICTION:DE
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ORGANIZED AS THE FOLLOWING LEGAL TYPE:Corporation
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Investor Relations Webpage:Coming soon!
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TAX RATE:USA federal corporate nominal income tax rate is 21%
Short Description
Advanced Disposal Services Inc
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Balance Sheet
(USD in thousand)
5.5%
Selected Year:
30-Jun
2020
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
7.4%
5.5% —
Accounts Receivable
1.0% —
Prepaid expenses and other current assets
0.9% —
Cash and cash equivalents
Liquidity
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|
|
|
|
|
|
---|---|---|---|---|---|---|
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
|
$6,800 | $6,800 | $12,500 | $31,400 | ||
Accounts Receivable | 199,900 | 211,400 | 208,300 | 193,800 | ||
Prepaid expenses and other current assets | 37,900 | 44,800 | 44,000 | 34,600 | ||
Total current assets | $244,600 | $263,000 | $264,800 | $259,800 |
49.9%
6.2%
35.0%
Selected Year:
30-Jun
2020
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
92.6%
49.9% —
Property and equipment net
35.0% —
Goodwill
6.2% —
Other intangible assets
1.5% —
Other non-current assets
|
|
|
|
|
|
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---|---|---|---|---|---|---|
Property and equipment net | 1,728,800 | 1,761,400 | 1,767,600 | 1,748,200 | ||
Other intangible assets
|
288,700 | 257,100 | 233,000 | 217,500 | ||
Goodwill
|
1,208,200 | 1,215,100 | 1,224,800 | 1,224,800 | ||
Other non-current assets | 23,000 | 31,700 | 53,300 | 52,600 | ||
Total non-current assets | 3,248,700 | 3,265,300 | 3,278,700 | 3,243,100 |
Total assets | $3,493,300 | $3,528,300 | $3,543,500 | $3,502,900 |
3.1%
3.5%
7.3%
50.3%
44.3%
Selected Year:
30-Jun
2020
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
10.3%
3.5% —
Accounts payable
3.1% —
Accrued expenses
1.9% —
Current portion of deferred revenue
1.2% —
Current maturities of long-term debt
0.6% —
Current maturities of landfill retirement obligations
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---|---|---|---|---|---|---|
Accounts payable | $92,300 | $107,800 | $120,700 | $121,900 | ||
Accrued expenses | 113,000 | 117,700 | 124,500 | 109,100 | ||
Accrued landfill retirement obligations current portion | - | 18,600 | 28,000 | - | ||
Current portion of deferred revenue | 69,100 | 72,500 | 71,300 | 67,500 | ||
Current maturities of landfill retirement obligations | 20,200 | - | 28,000 | 20,200 | ||
Current maturities of long-term debt | 74,100 | 85,900 | 76,100 | 41,300 | ||
Total current liabilities | $368,700 | $402,500 | $420,600 | $360,000 |
Selected Year:
30-Jun
2020
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
62.7%
50.3% —
Long-term debt
7.3% —
Accrued landfill retirement obligations non-current portion
2.6% —
Other non-current liabilities
2.5% —
Deferred tax liability
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|
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|
|
|
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---|---|---|---|---|---|---|
Deferred tax liability | 88,600 | 91,100 | 88,500 | 89,100 | ||
Accrued landfill retirement obligations non-current portion | 205,700 | 229,400 | 236,200 | 255,100 | ||
Long-term debt
|
1,884,200 | 1,817,100 | 1,792,100 | 1,762,700 | ||
Other non-current liabilities | 61,500 | 76,700 | 82,700 | 90,100 | ||
Total long-term liabilities | $2,240,000 | $2,214,300 | $2,199,500 | $2,197,000 |
Total Liabilities | $2,608,700 | $2,616,800 | $2,620,100 | $2,557,000 |
Selected Year:
30-Jun
2020
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
27.0%
44.3% —
Additional paid-in capital
0.0% —
Common and Treasury stock
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|
|
|
|
|
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---|---|---|---|---|---|---|
Common stock | - | - | - | - | ||
Common and Treasury stock | - | - | 900 | 900 | ||
Treasury Stock | 900 | 900 | (4,100) | (5,600) | ||
Treasury Stock at cost | - | - | (4,100) | - | ||
Accumulated deficit
|
(603,300) | (591,100) | (598,100) | (598,200) | ||
Additional paid-in capital
|
1,487,400 | 1,501,700 | 1,527,700 | 1,551,000 | ||
Accumulated other comprehensive loss | (400) | - | (3,000) | (2,200) | ||
Total Equity | $884,600 | $911,500 | $923,400 | $945,900 |
Total Liabilities and Equity | $3,493,300 | $3,528,300 | $3,543,500 | $3,502,900 |