$WMS
ADVANCED DRAINAGE SYSTEMS, INC.

2020 Q4 Form 10-Q Financial Statement

#000156459021004304 Filed on February 04, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2019 Q4
Revenue $486.1M $393.4M
YoY Change 23.57% 23.67%
Cost Of Revenue $317.6M $270.1M
YoY Change 17.59% 9.92%
Gross Profit $168.5M $123.4M
YoY Change 36.6% 70.39%
Gross Profit Margin 34.66% 31.35%
Selling, General & Admin $66.60M $64.80M
YoY Change 2.78% 42.73%
% of Gross Profit 39.52% 52.53%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $16.43M $16.03M
YoY Change 2.54% 12.33%
% of Gross Profit 9.75% 12.99%
Operating Expenses $84.60M $78.70M
YoY Change 7.5% 66.03%
Operating Profit $82.96M $44.66M
YoY Change 85.77% 78.64%
Interest Expense -$8.433M -$13.10M
YoY Change -35.63% 98.48%
% of Operating Profit -10.16% -29.33%
Other Income/Expense, Net $165.0K -$100.0K
YoY Change -265.0% -133.33%
Pretax Income $74.70M $27.80M
YoY Change 168.69% 49.46%
Income Tax $20.26M $4.000M
% Of Pretax Income 27.13% 14.39%
Net Earnings $53.77M $23.29M
YoY Change 130.91% 47.28%
Net Earnings / Revenue 11.06% 5.92%
Basic Earnings Per Share $0.63 $0.28
Diluted Earnings Per Share $0.62 $0.28
COMMON SHARES
Basic Shares Outstanding 70.45M shares 68.51M
Diluted Shares Outstanding 71.59M shares 69.30M

Balance Sheet

Concept 2020 Q4 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $224.0M $98.30M
YoY Change 127.87% 396.46%
Cash & Equivalents $224.0M $98.31M
Short-Term Investments
Other Short-Term Assets $11.90M $9.200M
YoY Change 29.35% 20.4%
Inventory $238.9M $261.3M
Prepaid Expenses
Receivables $188.7M $157.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $663.5M $525.8M
YoY Change 26.19% 23.31%
LONG-TERM ASSETS
Property, Plant & Equipment $496.1M $511.6M
YoY Change -3.03% 27.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $82.10M $45.50M
YoY Change 80.44% 23.45%
Total Long-Term Assets $1.679B $1.723B
YoY Change -2.58% 196.8%
TOTAL ASSETS
Total Short-Term Assets $663.5M $525.8M
Total Long-Term Assets $1.679B $1.723B
Total Assets $2.342B $2.249B
YoY Change 4.14% 123.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $108.4M $78.30M
YoY Change 38.44% 17.99%
Accrued Expenses $120.0M $106.5M
YoY Change 12.68% 57.54%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $7.000M $7.954M
YoY Change -11.99% -69.6%
Total Short-Term Liabilities $277.6M $222.1M
YoY Change 24.99% 16.83%
LONG-TERM LIABILITIES
Long-Term Debt $783.9M $991.3M
YoY Change -20.92% 275.05%
Other Long-Term Liabilities $52.50M $34.10M
YoY Change 53.96% 53.6%
Total Long-Term Liabilities $783.9M $991.3M
YoY Change -20.92% 245.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $277.6M $222.1M
Total Long-Term Liabilities $783.9M $991.3M
Total Liabilities $1.329B $1.467B
YoY Change -9.45% 179.54%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.014B $781.8M
YoY Change
Total Liabilities & Shareholders Equity $2.342B $2.249B
YoY Change 4.14% 123.36%

Cashflow Statement

Concept 2020 Q4 2019 Q4
OPERATING ACTIVITIES
Net Income $53.77M $23.29M
YoY Change 130.91% 47.28%
Depreciation, Depletion And Amortization $16.43M $16.03M
YoY Change 2.54% 12.33%
Cash From Operating Activities $162.6M $124.6M
YoY Change 30.5% 38.75%
INVESTING ACTIVITIES
Capital Expenditures $28.72M $20.67M
YoY Change 38.92% 74.72%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$900.0K
YoY Change -100.0% -228.57%
Cash From Investing Activities -$28.70M -$21.50M
YoY Change 33.49% 93.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -115.3M -59.70M
YoY Change 93.13% -21.76%
NET CHANGE
Cash From Operating Activities 162.6M 124.6M
Cash From Investing Activities -28.70M -21.50M
Cash From Financing Activities -115.3M -59.70M
Net Change In Cash 18.60M 43.40M
YoY Change -57.14% 1708.33%
FREE CASH FLOW
Cash From Operating Activities $162.6M $124.6M
Capital Expenditures $28.72M $20.67M
Free Cash Flow $133.9M $103.9M
YoY Change 28.82% 33.3%

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CY2020Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4813000
CY2019Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3872000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
15908000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8884000
CY2020Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4813000
CY2019Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3872000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
15908000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8884000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2020Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
486145000
CY2019Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
393424000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1538971000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1303037000
CY2020Q4 wms Adjusted Gross Profit
AdjustedGrossProfit
194381000
CY2019Q4 wms Adjusted Gross Profit
AdjustedGrossProfit
146763000
wms Adjusted Gross Profit
AdjustedGrossProfit
633361000
wms Adjusted Gross Profit
AdjustedGrossProfit
442544000
CY2020Q4 us-gaap Depreciation And Amortization
DepreciationAndAmortization
35762000
CY2019Q4 us-gaap Depreciation And Amortization
DepreciationAndAmortization
31172000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
107321000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
74432000
CY2020Q4 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
28716000
CY2019Q4 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
20671000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
57675000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
46293000
CY2020Q4 us-gaap Gross Profit
GrossProfit
168505000
CY2019Q4 us-gaap Gross Profit
GrossProfit
123358000
us-gaap Gross Profit
GrossProfit
562865000
us-gaap Gross Profit
GrossProfit
207724000
CY2020Q4 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
16432000
CY2019Q4 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
16025000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
49318000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
45417000
CY2020Q4 us-gaap Employee Benefits And Share Based Compensation Noncash
EmployeeBenefitsAndShareBasedCompensationNoncash
9444000
CY2019Q4 us-gaap Employee Benefits And Share Based Compensation Noncash
EmployeeBenefitsAndShareBasedCompensationNoncash
5273000
us-gaap Employee Benefits And Share Based Compensation Noncash
EmployeeBenefitsAndShareBasedCompensationNoncash
20981000
us-gaap Employee Benefits And Share Based Compensation Noncash
EmployeeBenefitsAndShareBasedCompensationNoncash
12913000
us-gaap Employee Stock Ownership Plan Esop Dividends Paid To Esop
EmployeeStockOwnershipPlanESOPDividendsPaidToESOP
168610000
wms Covid19 Related Expenses
COVID19RelatedExpenses
197000
CY2020Q4 wms Adjusted Gross Profit
AdjustedGrossProfit
194381000
CY2019Q4 wms Adjusted Gross Profit
AdjustedGrossProfit
146763000
wms Adjusted Gross Profit
AdjustedGrossProfit
633361000
wms Adjusted Gross Profit
AdjustedGrossProfit
442544000

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