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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Income Statement

Quarterly Annual
(USD in thousand)
Selected Year:
31-Mar
2020
Revenue
Gross receipts in the form of cash (great!) and promises to pay (Account Receivables - not so great as some of them will never be collected but reality of business!) from all its customers
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Total Revenue
45,679
45,679
 1,257,261 1,330,354 1,384,733 1,673,805 1,909,739 1,944,580
Selected Year:
31-Mar
2020
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
105.7%
71.0% —

Cost of goods sold

10.1% —

Cost of goods sold - ESOP special dividend compensation

9.2% —

General and administrative

7.0% —

Selling

4.7% —

Selling general and administrative - ESOP special dividend compensation

3.4% —

Amortization

0.3% —

Gain or loss on sale of assets and related costs
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cost of goods sold
45,679
45,679
 961,451 1,027,873 1,057,766 1,188,716 1,238,119 1,270,560
Cost of goods sold - ESOP special dividend compensation Cost of goods sold - ESOP special dividend compensation
-
-
 - - - 168,610 - -
Gross profit
45,679
45,679
 $295,810 $302,481 $326,967 $316,479 $671,620 $674,020
Selling
45,679
45,679
 91,475 92,764 96,335 117,068 120,048 122,148
Selling general and administrative - ESOP special dividend compensation Selling general and administrative - ESOP special dividend compensation
-
-
 - - - 78,142 - -
General and administrative
45,679
45,679
 110,950 98,392 89,692 154,270 142,584 144,276
Amortization
45,679
45,679
 8,548 8,068 7,880 57,010 86,468 71,824
Gain or loss on sale of assets and related costs
45,679
45,679
 8,509 15,003 3,647 5,338 4,126 3,920
Total operating expenses
45,679
45,679
 1,180,933 1,242,100 1,255,320 1,769,154 1,591,345 1,612,728
Selected Year:
31-Mar
2020
Operating Income
Income after excluding Operating Expenses from Total Revenue
5.7%
5.7% —

Operating Income

Key metric that shows earnings potential of the company's business model
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Operating income
$45,679
$45,679
 $76,328 $88,254 $129,413 ($95,349) $318,394 $331,852
Selected Year:
31-Mar
2020
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
0.1%
0.1% —

Gain or loss on derivative and other income or expense
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Gain or loss on derivative and other income or expense
45,679
45,679
 (5,970) (3,950) (815) 1,554 553 (660)
Total non-operating income (expense)
45,679
45,679
 (5,970) (3,950) (815) 1,554 553 (660)
Selected Year:
31-Mar
2020
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
5.6%
5.6% —

EBIT

Another income metric but unlike Operating Income it is closer to the ultimate income metric - Net Income by removing expenses that are not related to earning Revenue as they are supposed to be accidental and transitory
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
EBIT
$45,679
$45,679
 $70,358 $84,304 $128,598 ($93,795) $318,947 $331,192
Selected Year:
31-Mar
2020
Interest Expense and Income, Taxes
Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure
5.7%
0.1% —

Income or loss from equity method investments

0.8% —

Income tax expense or benefit

4.9% —

Interest expense
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Interest expense and/or income
45,679
45,679
 17,467 15,262 18,618 - - -
Interest expense
-
-
 - 15,262 18,618 82,711 39,687 33,732
Income or loss from equity method investments
45,679
45,679
 4,308 739 95 (1,909) (1,221) 1,560
Income before income taxes
45,679
45,679
 64,831 76,942 111,610 (179,614) 278,154 298,780
Income tax expense or benefit TEST - ODD
45,679
45,679
 24,615 11,411 30,049 14,092 70,528 81,056
Selected Year:
31-Mar
2020
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
11.5%
11.5% —

Net income (loss)

It is a residue that is left from Total Revenue after paying all kind of expenses and belongs to all equity holders in the company. Some of these shareholders such Non-controlling interest or Preferred equity gets their share before Common shareholders
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
$45,679
$45,679
 $35,908 $64,792 $81,466 ($191,797) $208,847 $216,164
Net income (loss) attributable to non-controlling interests Net income (loss) attributable to non-controlling interests
45,679
45,679
 2,958 2,785 3,694 1,377 2,066 1,068
Net income (loss) attributable to Company
45,679
45,679
 32,950 62,007 77,772 (193,174) 206,781 215,096
Change in fair value of redeemable convertible preferred stock Change in fair value of redeemable convertible preferred stock
45,679
-
 - - - - - -
Redeemable non-controlling interest accretion
45,679
-
 - - - - - -
Redeemable convertible preferred stock dividends
45,679
-
 - - - - - -
Dividends paid to unvested restricted stockholders
45,679
-
 - - - - - -
Net income (loss) attributable to common stock and participating securities Net income (loss) attributable to common stock and participating securities
45,679
-
 - - - - - -
Undistributed Net income attributable to participating securities Undistributed Net income attributable to participating securities
45,679
-
 - - - - - -
Net income (loss) attributable to common stock
45,679
-
 - - - - - -

Basic Shares Outstanding
Basic shares outstanding as of certain dates reported by Company on its annual and quarterly filings, these numbers are NOT used calculation of basic EPS. They help to see share issuance by company in perspective
Common
-
-
 55,338,215 56,562,490 57,521,292 69,338,180 70,877,367 70,877,367
Selected Year:
31-Mar
2020
EPS
Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net Income per basic share
$45,678,795.00
$45,678,795.00
 $0.51 $1.00 $1.23 ($3.21) $2.51 $2.52
Net Income per diluted share
$45,678,795.00
$45,678,795.00
 $0.50 $0.99 $1.22 ($3.21) $2.48 $2.48
Selected Year:
31-Mar
2020
Dividends
Dividend is fraction of Earnings that is paid out in cash form to investor now; It's important to watch out that dividends don't exceed EPS on continuous basis as it is a sign that management is manipulating investor's perception of value of the company
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Dividends $45,678,795.00 - - - - - -