Company name:
Advanced Drainage Systems Inc
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IPO SHARE PRICE:$16.00
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IPO DATE:July 25, 2014
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TICKER:WMS
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MAIN STOCK EXCHANGE:New York Stock Exchange
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CURRENT HQ LOCATION:4640 Trueman Boulevard Hilliard Ohio 43026
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FISCAL YEAR END:March 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 Drainage Systems Inc
We are working hard and as soon as possible to provide company description soon. Feel free to reach out to request it sooner: improve@real-clear-investing.com
Income Statement
(USD in thousand)
Selected Quarter:
31-Dec
2020
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 Quarter:
31-Dec
2020
2020
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
82.9%
65.3% —
Cost of goods sold
7.4% —
General and administrative
6.3% —
Selling
3.7% —
Amortization
0.2% —
Gain or loss on sale of assets and related costs
0.0% —
Cost of goods sold - ESOP special dividend compensation
0.0% —
Selling general and administrative - ESOP special dividend compensation
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Cost of goods sold
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212,714 | 307,256 | 349,381 | 270,066 | 262,013 | 320,136 | 338,330 | 317,640 | 1,238,119 | 1,270,560 | |||||||||||||||||
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Cost of goods sold - ESOP special dividend compensation
Cost of goods sold - ESOP special dividend compensation
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- | 168,610 | - | - | - | - | - | - | - | - | |||||||||||||||||
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Gross profit
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$59,504 | ($62,158) | $146,524 | $123,358 | $108,755 | $188,503 | $205,857 | $168,505 | $671,620 | $674,020 | |||||||||||||||||
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Selling
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24,179 | 26,365 | 29,971 | 29,967 | 30,765 | 28,160 | 30,586 | 30,537 | 120,048 | 122,148 | |||||||||||||||||
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Selling general and administrative - ESOP special dividend compensation
Selling general and administrative - ESOP special dividend compensation
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- | 78,142 | - | - | - | - | - | - | - | - | |||||||||||||||||
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General and administrative
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24,610 | 31,433 | 48,030 | 37,023 | 37,784 | 33,616 | 35,115 | 36,069 | 142,584 | 144,276 | |||||||||||||||||
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Amortization
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1,935 | 1,542 | 9,300 | 13,593 | 32,575 | 17,982 | 17,955 | 17,956 | 86,468 | 71,824 | |||||||||||||||||
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Gain or loss on sale of asset or business
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- | - | - | - | - | - | - | - | - | - | |||||||||||||||||
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Gain or loss on sale of assets and related costs
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2,075 | 707 | 2,004 | 1,755 | 872 | 1,647 | 627 | 980 | 4,126 | 3,920 | |||||||||||||||||
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Total operating expenses
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$265,513 | $614,055 | $438,686 | $352,404 | $364,009 | $401,541 | $422,613 | $403,182 | $1,591,345 | $1,612,728 |
Selected Quarter:
31-Dec
2020
2020
Operating Income
Income after excluding Operating Expenses from Total Revenue
17.1%
17.1% —
Operating Income
Key metric that shows earnings potential of the company's business model
Selected Quarter:
31-Dec
2020
2020
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
0.0%
0.0% —
Gain or loss on derivative and other income or expense
Selected Quarter:
31-Dec
2020
2020
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
17.0%
17.0% —
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 Quarter:
31-Dec
2020
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
6.0%
0.1% —
Income or loss from equity method investments
1.7% —
Interest expense
4.2% —
Income tax expense or benefit
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Interest expense and/or income
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- | 5,264 | 52,332 | - | - | - | - | - | - | - | |||||||||||||||||
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Interest expense
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4,590 | 5,264 | 52,332 | 13,191 | 11,924 | 9,970 | 9,360 | 8,433 | 39,687 | 33,732 | |||||||||||||||||
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Income or loss from equity method investments
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(130) | (434) | (203) | 99 | (1,371) | (173) | (67) | 390 | (1,221) | 1,560 | |||||||||||||||||
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Income before income taxes
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2,844 | (205,515) | 4,712 | 27,790 | (6,601) | 97,695 | 112,365 | 74,695 | 278,154 | 298,780 | |||||||||||||||||
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Income tax expense or benefit TEST - ODD
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1,081 | 22,370 | (3,547) | 4,032 | (8,763) | 27,200 | 31,827 | 20,264 | 70,528 | 81,056 |
Selected Quarter:
31-Dec
2020
2020
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
11.1%
11.1% —
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
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Net income (loss)
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$1,893 | ($227,451) | $8,462 | $23,659 | $3,533 | $70,668 | $80,605 | $54,041 | $208,847 | $216,164 | |||||||||||||||||
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Net income (loss) attributable to non-controlling interests
Net income (loss) attributable to non-controlling interests
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883 | (1,095) | 873 | 371 | 1,228 | 202 | 369 | 267 | 2,066 | 1,068 | |||||||||||||||||
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Net income (loss) attributable to Company
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1,010 | (226,356) | 7,589 | 23,288 | 2,305 | 70,466 | 80,236 | 53,774 | 206,781 | 215,096 | |||||||||||||||||
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Redeemable non-controlling interest accretion
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- | - | - | - | - | - | - | - | - | - | |||||||||||||||||
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Redeemable convertible preferred stock dividends
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- | - | - | - | - | - | - | - | - | - | |||||||||||||||||
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Dividends paid to unvested restricted stockholders
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- | - | - | - | - | - | - | - | - | - | |||||||||||||||||
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Net income (loss) attributable to common stock and participating securities
Net income (loss) attributable to common stock and participating securities
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- | - | - | - | - | - | - | - | - | - | |||||||||||||||||
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Undistributed Net income attributable to participating securities
Undistributed Net income attributable to participating securities
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- | - | - | - | - | - | - | - | - | - | |||||||||||||||||
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Net income (loss) attributable to common stock
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- | - | - | - | - | - | - | - | - | - | |||||||||||||||||
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Change in fair value of redeemable convertible preferred stock
Change in fair value of redeemable convertible preferred stock
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- | - | - | - | - | - | - | - | - | - |
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
Selected Quarter:
31-Dec
2020
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 Quarter:
31-Dec
2020
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