$WMS
ADVANCED DRAINAGE SYSTEMS, INC.

2017 Q4 Form 10-Q Financial Statement

#000156459018001769 Filed on February 09, 2018

View on sec.gov

Income Statement

Concept 2017 Q4 2017 Q1 2016 Q4
Revenue $320.8M $244.2M $294.7M
YoY Change 8.86% -0.49% -5.79%
Cost Of Revenue $243.0M $204.9M $225.3M
YoY Change 7.87% 4.59% -5.34%
Gross Profit $77.83M $39.25M $69.44M
YoY Change 12.07% -20.71% -7.22%
Gross Profit Margin 24.26% 16.07% 23.56%
Selling, General & Admin $46.70M $55.30M $44.01M
YoY Change 6.11% 8.86% 4.71%
% of Gross Profit 60.01% 140.89% 63.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $17.90M $2.100M $18.10M
YoY Change -1.1% -4.55% 722.73%
% of Gross Profit 23.0% 5.35% 26.07%
Operating Expenses $48.70M $57.40M $44.01M
YoY Change 10.65% 8.51% 4.71%
Operating Profit $29.13M -$18.15M $21.18M
YoY Change 37.54% 434.42% -32.2%
Interest Expense -$3.100M -$3.900M -$4.221M
YoY Change -26.56% -41.79% -10.63%
% of Operating Profit -10.64% -19.93%
Other Income/Expense, Net $1.000M $400.0K $772.0K
YoY Change 29.53% -89.74% -130.14%
Pretax Income $25.10M -$27.10M $17.73M
YoY Change 41.59% 323.44% -25.98%
Income Tax $4.400M -$10.90M $5.986M
% Of Pretax Income 17.53% 33.77%
Net Earnings $32.11M -$18.11M $9.053M
YoY Change 254.63% 49.43% -31.06%
Net Earnings / Revenue 10.01% -7.42% 3.07%
Basic Earnings Per Share $0.52 -$0.34 $0.14
Diluted Earnings Per Share $0.51 -$0.34 $0.14
COMMON SHARES
Basic Shares Outstanding 55.92M 55.11M shares 54.56M shares
Diluted Shares Outstanding 56.46M 55.17M shares

Balance Sheet

Concept 2017 Q4 2017 Q1 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $18.40M $6.500M $12.10M
YoY Change 52.07% -1.52% 89.06%
Cash & Equivalents $18.41M $6.450M $12.10M
Short-Term Investments
Other Short-Term Assets $5.000M $6.743M $5.500M
YoY Change -9.09% -57.05% -79.55%
Inventory $215.0M $258.4M $222.6M
Prepaid Expenses
Receivables $176.9M $168.9M $154.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $415.4M $440.6M $394.8M
YoY Change 5.22% 0.23% -1.86%
LONG-TERM ASSETS
Property, Plant & Equipment $410.5M $406.9M $393.5M
YoY Change 4.33% 3.86% 1.5%
Goodwill $100.6M $100.4M
YoY Change -0.32% 0.24%
Intangibles $51.76M $53.46M
YoY Change -13.55% -13.07%
Long-Term Investments $13.27M $8.986M $10.81M
YoY Change 22.77% -31.86% -35.34%
Other Assets $37.60M $46.54M $45.00M
YoY Change -16.45% 2.83% -8.57%
Total Long-Term Assets $597.8M $605.7M $592.4M
YoY Change 0.91% 1.33% -1.03%
TOTAL ASSETS
Total Short-Term Assets $415.4M $440.6M $394.8M
Total Long-Term Assets $597.8M $605.7M $592.4M
Total Assets $1.013B $1.046B $987.2M
YoY Change 2.64% 0.86% -1.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $71.60M $121.9M $71.36M
YoY Change 0.33% 1.94% -3.56%
Accrued Expenses $66.70M $54.50M $56.70M
YoY Change 17.64% -16.28% -24.5%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $49.50M $37.79M $36.72M
YoY Change 34.81% 5.35% 2.39%
Total Short-Term Liabilities $197.6M $255.8M $216.7M
YoY Change -8.8% 1.42% 2.46%
LONG-TERM LIABILITIES
Long-Term Debt $325.9M $310.8M $269.4M
YoY Change 20.98% -0.44% -10.67%
Other Long-Term Liabilities $22.70M $26.53M $31.07M
YoY Change -26.94% -30.04% 6.04%
Total Long-Term Liabilities $348.6M $337.4M $300.5M
YoY Change 16.02% -3.64% -9.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $197.6M $255.8M $216.7M
Total Long-Term Liabilities $348.6M $337.4M $300.5M
Total Liabilities $600.9M $695.9M $624.9M
YoY Change -3.84% -3.77% -5.2%
SHAREHOLDERS EQUITY
Retained Earnings -$83.68M -$61.73M
YoY Change -17.78% 46.62%
Common Stock $768.2M $762.1M
YoY Change 2.22% 4.96%
Preferred Stock
YoY Change
Treasury Stock (at cost) $437.0M $438.0M
YoY Change -0.91% -0.87%
Treasury Stock Shares
Shareholders Equity $412.3M $222.7M $235.3M
YoY Change
Total Liabilities & Shareholders Equity $1.013B $1.046B $987.2M
YoY Change 2.64% 0.86% -1.37%

Cashflow Statement

Concept 2017 Q4 2017 Q1 2016 Q4
OPERATING ACTIVITIES
Net Income $32.11M -$18.11M $9.053M
YoY Change 254.63% 49.43% -31.06%
Depreciation, Depletion And Amortization $17.90M $2.100M $18.10M
YoY Change -1.1% -4.55% 722.73%
Cash From Operating Activities $110.5M -$12.40M $71.00M
YoY Change 55.63% -310.17% -36.89%
INVESTING ACTIVITIES
Capital Expenditures $8.089M -$10.70M $12.71M
YoY Change -36.35% -28.19% 27.85%
Acquisitions
YoY Change
Other Investing Activities $5.800M -$9.200M -$200.0K
YoY Change -3000.0% -807.69% -60.0%
Cash From Investing Activities -$2.300M -$19.90M -$17.00M
YoY Change -86.47% 46.32% 65.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -100.7M 26.30M -50.30M
YoY Change 100.2% 286.76% -48.41%
NET CHANGE
Cash From Operating Activities 110.5M -12.40M 71.00M
Cash From Investing Activities -2.300M -19.90M -17.00M
Cash From Financing Activities -100.7M 26.30M -50.30M
Net Change In Cash 7.500M -6.000M 3.700M
YoY Change 102.7% 566.67% -21.28%
FREE CASH FLOW
Cash From Operating Activities $110.5M -$12.40M $71.00M
Capital Expenditures $8.089M -$10.70M $12.71M
Free Cash Flow $102.4M -$1.700M $58.29M
YoY Change 75.69% -108.17% -43.16%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
4434000
us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
4014000
CY2017Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
1800000
CY2017Q4 wms Allocated Share Based Compensation Expense Benefits
AllocatedShareBasedCompensationExpenseBenefits
1640000
CY2016Q4 wms Allocated Share Based Compensation Expense Benefits
AllocatedShareBasedCompensationExpenseBenefits
-3413000
wms Allocated Share Based Compensation Expense Benefits
AllocatedShareBasedCompensationExpenseBenefits
5140000
wms Allocated Share Based Compensation Expense Benefits
AllocatedShareBasedCompensationExpenseBenefits
2699000
CY2017Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
13700000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.321
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.356
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.019
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.022
CY2017Q4 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
28871000
CY2016Q4 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
7712000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
60660000
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
44520000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
802000
CY2017Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6060000
CY2016Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6134000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6252000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6282000
CY2017Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
50000000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
CY2017Q4 wms Earnings Before Interest Taxes Depreciation Amortization After Adjustments
EarningsBeforeInterestTaxesDepreciationAmortizationAfterAdjustments
55999000
CY2017Q4 us-gaap Depreciation And Amortization
DepreciationAndAmortization
17852000
CY2017Q4 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8089000
CY2016Q4 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
12708000
wms Earnings Before Interest Taxes Depreciation Amortization After Adjustments
EarningsBeforeInterestTaxesDepreciationAmortizationAfterAdjustments
183228000
CY2016Q4 wms Earnings Before Interest Taxes Depreciation Amortization After Adjustments
EarningsBeforeInterestTaxesDepreciationAmortizationAfterAdjustments
43394000
CY2016Q4 us-gaap Depreciation And Amortization
DepreciationAndAmortization
18029000
CY2017Q4 us-gaap Equity Method Investments
EquityMethodInvestments
13269000
CY2017Q1 us-gaap Equity Method Investments
EquityMethodInvestments
8986000

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