$WMS
ADVANCED DRAINAGE SYSTEMS, INC.

2017 Q2 Form 10-Q Financial Statement

#000156459017015373 Filed on August 03, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $358.4M $357.6M
YoY Change 0.22% 2.42%
Cost Of Revenue $271.6M $261.0M
YoY Change 4.08% -4.98%
Gross Profit $86.74M $96.61M
YoY Change -10.21% 29.71%
Gross Profit Margin 24.2% 27.02%
Selling, General & Admin $49.78M $58.76M
YoY Change -15.29% 47.22%
% of Gross Profit 57.38% 60.82%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $18.20M $18.00M
YoY Change 1.11% 620.0%
% of Gross Profit 20.98% 18.63%
Operating Expenses $49.78M $58.76M
YoY Change -15.29% 47.22%
Operating Profit $31.50M $35.46M
YoY Change -11.17% 13.75%
Interest Expense -$4.479M -$4.784M
YoY Change -6.38% 11.62%
% of Operating Profit -14.22% -13.49%
Other Income/Expense, Net $954.0K $3.037M
YoY Change -68.59% -146.16%
Pretax Income $27.97M $33.71M
YoY Change -17.02% 66.01%
Income Tax $9.746M $14.19M
% Of Pretax Income 34.84% 42.1%
Net Earnings $17.74M $18.27M
YoY Change -2.91% 56.26%
Net Earnings / Revenue 4.95% 5.11%
Basic Earnings Per Share $0.29 $0.29
Diluted Earnings Per Share $0.28 $0.29
COMMON SHARES
Basic Shares Outstanding 55.30M 54.07M
Diluted Shares Outstanding 56.01M 54.93M

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.700M $9.200M
YoY Change -5.43% 91.67%
Cash & Equivalents $8.717M $9.168M
Short-Term Investments
Other Short-Term Assets $9.500M $8.500M
YoY Change 11.76% -69.42%
Inventory $262.2M $238.7M
Prepaid Expenses
Receivables $215.4M $212.2M
Other Receivables $0.00 $0.00
Total Short-Term Assets $495.8M $468.5M
YoY Change 5.82% -8.91%
LONG-TERM ASSETS
Property, Plant & Equipment $417.6M $401.8M
YoY Change 3.93% 3.22%
Goodwill $100.9M
YoY Change 1.98%
Intangibles $57.82M
YoY Change 3.7%
Long-Term Investments $9.234M $13.44M
YoY Change -31.28% -45.66%
Other Assets $48.90M $45.61M
YoY Change 7.2% -23.42%
Total Long-Term Assets $617.5M $606.1M
YoY Change 1.88% 0.43%
TOTAL ASSETS
Total Short-Term Assets $495.8M $468.5M
Total Long-Term Assets $617.5M $606.1M
Total Assets $1.113B $1.075B
YoY Change 3.6% -3.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $107.1M $112.6M
YoY Change -4.92% 3.19%
Accrued Expenses $59.50M $64.80M
YoY Change -8.18% 4.85%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $49.20M $35.88M
YoY Change 37.12% 251.25%
Total Short-Term Liabilities $228.8M $248.3M
YoY Change -7.84% 19.62%
LONG-TERM LIABILITIES
Long-Term Debt $439.2M $335.1M
YoY Change 31.05% -22.38%
Other Long-Term Liabilities $23.50M $40.19M
YoY Change -41.52% 33.22%
Total Long-Term Liabilities $462.7M $375.3M
YoY Change 23.28% -18.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $228.8M $248.3M
Total Long-Term Liabilities $462.7M $375.3M
Total Liabilities $760.0M $739.4M
YoY Change 2.79% -6.43%
SHAREHOLDERS EQUITY
Retained Earnings -$87.17M
YoY Change 58.68%
Common Stock $13.70M $758.4M
YoY Change -98.19% 6019.96%
Preferred Stock
YoY Change
Treasury Stock (at cost) $439.0M
YoY Change -1.05%
Treasury Stock Shares
Shareholders Equity $353.3M $209.4M
YoY Change
Total Liabilities & Shareholders Equity $1.113B $1.075B
YoY Change 3.6% -3.87%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $17.74M $18.27M
YoY Change -2.91% 56.26%
Depreciation, Depletion And Amortization $18.20M $18.00M
YoY Change 1.11% 620.0%
Cash From Operating Activities -$16.54M -$100.0K
YoY Change 16437.0% -99.45%
INVESTING ACTIVITIES
Capital Expenditures $17.95M $12.60M
YoY Change 42.51% 9.19%
Acquisitions
YoY Change
Other Investing Activities $254.0K $200.0K
YoY Change 27.0% 16.28%
Cash From Investing Activities -$18.20M -$12.80M
YoY Change 42.21% -17.95%
FINANCING ACTIVITIES
Cash Dividend Paid $4.353M $3.665M
YoY Change 18.77% -3.14%
Common Stock Issuance & Retirement, Net $7.947M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 37.20M 16.20M
YoY Change 129.6% -53.31%
NET CHANGE
Cash From Operating Activities -16.54M -100.0K
Cash From Investing Activities -18.20M -12.80M
Cash From Financing Activities 37.20M 16.20M
Net Change In Cash 2.455M 3.300M
YoY Change -25.61% -118.19%
FREE CASH FLOW
Cash From Operating Activities -$16.54M -$100.0K
Capital Expenditures $17.95M $12.60M
Free Cash Flow -$34.49M -$12.70M
YoY Change 171.65% -57.22%

Facts In Submission

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AllocatedShareBasedCompensationExpenseBenefits
1690000
CY2016Q2 wms Allocated Share Based Compensation Expense Benefits
AllocatedShareBasedCompensationExpenseBenefits
9020000
CY2017Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
13700000
CY2017Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
15805000
CY2016Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
15932000
CY2017Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
707000
CY2016Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
857000
CY2017Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6459000
CY2016Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6444000
CY2017Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
50000000
CY2017Q2 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
CY2017Q2 wms Earnings Before Interest Taxes Depreciation Amortization After Adjustments
EarningsBeforeInterestTaxesDepreciationAmortizationAfterAdjustments
60345000
CY2016Q2 wms Earnings Before Interest Taxes Depreciation Amortization After Adjustments
EarningsBeforeInterestTaxesDepreciationAmortizationAfterAdjustments
71808000
CY2017Q2 us-gaap Equity Method Investments
EquityMethodInvestments
9234000
CY2017Q1 us-gaap Equity Method Investments
EquityMethodInvestments
8986000

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