Company name:

Advanced Drainage Systems Inc

  • IPO SHARE PRICE:
    $16.00
  • IPO DATE:
    July 25, 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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Statement of Cash Flow

Quarterly Annual
(USD in thousand)
Selected Year:
31-Mar
2020
OPERATING ACTIVITIES
Cash received and spent on operating activites of business — buying materials, paying salaries, receiving payments from clients, etc
48.3% - ESOP special dividend compensation
24.5% - Depreciation and amortization
6.8% - Amortization of deferred financing costs
6.3% - Stock-based compensation
6.2% - Accounts payable accrued expenses and other liabilities
3.7% - Inventory
1.5% - Inventory step up related to Infiltrator Water Technologies acquisition
1.0% - (Gain) loss on sale of assets and related costs
1.0% - Receivables
0.6% - Change in fair value of derivative
SOURCEs
24.5% 3.7% 48.3% 6.2% 6.8% 6.3%
100 %
0%
USES
59.9% 37.6%
37.6% - Net income (loss)
1.2% - Other operating activities
0.6% - Deferred income taxes
0.4% - Prepaid expenses and other assets
0.4% - (Income) loss from equity method investments
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
$45,679
$45,679
$45,679
 $64,792 $81,466 ($191,797) $208,847 $216,164
Depreciation and amortization
$45,679
$45,679
$45,679
 75,003 71,900 124,940 157,829 143,048
Amortization of deferred financing costs
$45,679
$45,679
$45,679
 934 735 34,476 389 384
Stock-based compensation
-
-
-
 18,845 21,828 32,395 50,443 73,300
ESOP stock repurchase agreement and stock-based compensation ESOP stock repurchase agreement and stock-based compensation
$45,679
$45,679
$45,679
 18,845 21,828 - - -
ESOP special dividend compensation
-
-
-
 - - 246,752 - -
Deferred income taxes
$45,679
$45,679
$45,679
 (11,239) 12,813 (2,924) (9,858) (18,344)
(Income) loss from equity method investments
$45,679
$45,679
$45,679
 739 95 (1,909) (3,520) -
Inventory step up related to Infiltrator Water Technologies acquisition Inventory step up related to Infiltrator Water Technologies acquisition
-
-
-
 - - 7,880 - -
(Gain) loss on sale of assets and related costs
$45,679
$45,679
$45,679
 12,655 3,647 5,338 4,126 3,920
Gain on bargain purchase of PTI acquisition
$45,679
$45,679
$45,679
 - - - - -
Loss on purchase of non-controlling interest
$45,679
$45,679
-
 - - - - -
Change in fair value of derivative
$45,679
$45,679
$45,679
 (3,244) 2,346 3,128 (312) (4,328)
Other operating activities
$45,679
$45,679
$45,679
 1,010 (5,219) (6,005) 6,170 25,592
Receivables
-
$45,679
$45,679
 (4,327) (17,953) 5,170 (33,193) 290,432
Inventory
-
$45,679
$45,679
 (4,841) (2,034) 19,086 22,578 (55,416)
Prepaid expenses and other assets
-
$45,679
$45,679
 1,648 (1,004) (1,929) (2,800) 5,512
Accounts payable accrued expenses and other liabilities Accounts payable accrued expenses and other liabilities
-
$45,679
$45,679
 (14,855) (16,942) 31,588 55,649 (31,392)
Cash (used in) provided by working capital
$45,679
-
-
 - - - - -
Net cash provided by (used in) operating activities
$45,679
$45,679
$45,679
 $137,120 $151,678 $306,189 $458,647 $650,432
Selected Year:
31-Mar
2020
INVESTING ACTIVITIES
Cash spent on acquiring plant, equipment and other businesses, cash recei0 from sale of plant, equipment and subsidiaries as well cash parked temporarily in different securities - government bonds typically
0.6% - Other investing activities
SOURCEs
99.4%
100 %
0%
USES
5.8% 94.2%
94.2% - Acquisition of Infiltrator Water Technologies net of cash acquired
5.8% - Capital expenditures
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Capital expenditures
$45,679
$45,679
$45,679
 (41,709) (43,412) (67,677) (79,059) (114,864)
(Purchase) sale of property plant and equipment
$45,679
$45,679
$45,679
 - - - - -
Issuance of note receivable to related party
$45,679
$45,679
-
 - - - - -
Acquisitions
$45,679
$45,679
$45,679
 (1,990) - - - -
Acquisition of Infiltrator Water Technologies net of cash acquired Acquisition of Infiltrator Water Technologies net of cash acquired
-
-
-
 - - (1,089,322) - -
Sale of assets or businesses
$45,679
-
-
 - - - - -
Acquisition or sale of an equity method investment
$45,679
-
-
 - - - - -
Sale of corporate-owned life insurance
-
$45,679
$45,679
 13,644 - - - -
Other investing activities
$45,679
$45,679
$45,679
 (390) 868 6,529 7,292 244
Net cash provided by (used in) investing activities
$45,679
$45,679
$45,679
 ($30,445) ($42,544) ($1,150,470) ($71,767) ($114,620)
Selected Year:
31-Mar
2020
FINANCING ACTIVITIES
Items in this group are concerned with borrowing funds, repaying debt, issuing equity, buying back shares, etc.
37.2% - Borrowing under Term Loan
18.6% - Issuance of Senior Notes
15.6% - Issuance of common stock
14.8% - Borrowing under Revolving Credit Facility
13.5% - Proceeds from PNC Credit Agreement
0.4% - Proceeds from issuance of stock upon exercise of stock options
SOURCEs
37.2% 18.6% 14.8% 13.5% 15.6%
100 %
0%
USES
53.7% 4.9% 20.6% 9.4% 5.3%
20.6% - Payments on PNC Credit Agreement
9.4% - Repayment of Revolving Credit Facility
5.3% - Payments on Prudential Senior Notes
4.9% - Dividends paid
2.7% - Repayment of Term Loan
1.8% - Debt issuance costs
1.4% - Repayment of finance leases
0.0% - Other financing activities
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Initial Public Offering (IPO) net
$45,679
-
-
 - - - - -
Issuance of common stock
-
-
-
 - - 293,648 - -
Proceeds from issuance of stock upon exercise of stock options Proceeds from issuance of stock upon exercise of stock options
$45,679
$45,679
$45,679
 9,087 5,908 8,163 8,163 -
Deferred initial public offering costs
$45,679
-
-
 - - - - -
Borrowing under Revolving Credit Facility
$45,679
$45,679
$45,679
 487,850 405,700 277,900 100,000 -
Repayment of Revolving Credit Facility
$45,679
$45,679
$45,679
 (512,150) (442,800) (177,900) (100,000) -
Payments on PNC Credit Agreement
-
-
-
 (512,150) (442,800) (388,300) - -
Proceeds from PNC Credit Agreement
-
-
-
 487,850 405,700 253,900 - -
Borrowing under Term Loan
-
-
-
 - - 700,000 - -
Repayment of Term Loan
$45,679
$45,679
$45,679
 (72,500) - (51,750) (205,250) (407,000)
Issuance of Senior Notes
-
$45,679
-
 75,000 - 350,000 - -
Payments on Prudential Senior Notes
-
-
-
 (25,000) (25,000) (100,000) - -
Payments on Senior Notes
$45,679
$45,679
-
 (25,000) (25,000) - - -
Equipment financing loans
$45,679
-
$45,679
 - (909) - - -
Borrowing under notes mortgages and other debt
$45,679
$45,679
$45,679
 - - - - -
Repayment of notes mortgages and other debt
$45,679
$45,679
$45,679
 (1,905) (940) - - -
Payments on loans against CSV life insurance policies
$45,679
-
-
 - - - - -
Payments on loans against corporate-owned life insurance Payments on loans against corporate-owned life insurance
-
-
$45,679
 - - - - -
Repayment of finance leases
-
-
-
 (24,214) (24,284) (27,119) (24,554) (20,728)
Repayments of capital leases
$45,679
$45,679
$45,679
 (24,214) (24,284) - - -
Debt issuance costs
-
$45,679
-
 (2,268) - (34,606) - -
Acquisition of non-controlling interest in BaySaver
-
-
$45,679
 - (8,821) - - -
Dividends paid
$45,679
$45,679
$45,679
 (18,478) (26,148) (92,127) (32,788) (36,420)
Repurchases of common stock
$45,679
$45,679
-
 (7,947) - - - -
Other financing activities
$45,679
$45,679
$45,679
 (2,428) (361) (237) (1,490) -
Net cash provided by (used in) financing activities
$45,679
$45,679
$45,679
 ($94,953) ($117,655) $1,011,572 ($259,960) ($461,292)
Selected Year:
31-Mar
2020
NET CHANGE IN CASH
Grand Total for sum of cash flows coming from operations, investing and financing
$165,342,000
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cash and equivalents - Beginning of period
$45,679
$45,679
$45,679
 $6,450 $17,587 $8,891 $272,545 -
Effect of changes in foreign exchange rates on cash
$45,679
$45,679
$45,679
 (585) (175) (1,949) (1,236) 5,932
(Decrease) increase in cash and cash equivalents
$45,679
$45,679
$45,679
 11,137 (8,696) 165,342 125,684 80,452
Cash and equivalents - End of period
$45,679
$45,679
$45,679
 $17,587 $8,891 $174,233 $474,150 $80,452