$WMS
ADVANCED DRAINAGE SYSTEMS, INC.

2023 Q3 Form 10-Q Financial Statement

#000160402823000038 Filed on August 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q2
Revenue $780.2M $778.0M $914.2M
YoY Change -11.76% -14.89% 36.59%
Cost Of Revenue $477.5M $446.6M $562.1M
YoY Change -15.37% -20.55% 20.06%
Gross Profit $302.7M $331.5M $352.1M
YoY Change -5.4% -5.86% 75.07%
Gross Profit Margin 38.79% 42.6% 38.52%
Selling, General & Admin $91.70M $86.51M $86.52M
YoY Change 3.45% -0.01% 13.51%
% of Gross Profit 30.3% 26.1% 24.57%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $36.80M $37.24M $35.58M
YoY Change 2.44% 4.67% 102.93%
% of Gross Profit 12.16% 11.24% 10.1%
Operating Expenses $104.6M $99.31M $100.2M
YoY Change 2.07% -0.88% 31.46%
Operating Profit $198.0M $232.1M $251.6M
YoY Change -8.98% -7.73% 130.27%
Interest Expense -$21.94M -$18.16M -$11.07M
YoY Change 20.15% 64.04% 40.03%
% of Operating Profit -11.08% -7.82% -4.4%
Other Income/Expense, Net $7.506M $3.549M $1.902M
YoY Change -2000.25% 86.59% -5.56%
Pretax Income $183.6M $227.3M $242.4M
YoY Change -7.7% -6.25% 134.53%
Income Tax $47.48M $55.06M $55.07M
% Of Pretax Income 25.86% 24.22% 22.71%
Net Earnings $135.8M $173.7M $187.1M
YoY Change -10.66% -7.21% 146.29%
Net Earnings / Revenue 17.41% 22.32% 20.47%
Basic Earnings Per Share $1.73 $2.20 $2.25
Diluted Earnings Per Share $1.71 $2.18 $2.22
COMMON SHARES
Basic Shares Outstanding 78.69M shares 78.97M shares 83.14M shares
Diluted Shares Outstanding 79.31M shares 79.63M shares 84.39M shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $470.4M $366.1M $463.7M
YoY Change 2.85% -21.05% 224.64%
Cash & Equivalents $470.4M $366.1M $463.7M
Short-Term Investments
Other Short-Term Assets $23.86M $25.45M $20.53M
YoY Change 1.94% 23.95% 12.11%
Inventory $385.1M $434.6M $489.5M
Prepaid Expenses
Receivables $352.6M $342.3M $427.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.232B $1.169B $1.401B
YoY Change -8.6% -16.61% 76.14%
LONG-TERM ASSETS
Property, Plant & Equipment $774.0M $747.3M $636.0M
YoY Change 18.45% 17.49% 22.73%
Goodwill $620.2M $620.4M $619.6M
YoY Change 0.11% 0.13%
Intangibles $382.1M $394.8M $449.1M
YoY Change -12.23% -12.09%
Long-Term Investments
YoY Change
Other Assets $129.9M $117.6M $119.2M
YoY Change 6.86% -1.4% 25.31%
Total Long-Term Assets $1.906B $1.880B $1.824B
YoY Change 4.17% 3.08% 8.64%
TOTAL ASSETS
Total Short-Term Assets $1.232B $1.169B $1.401B
Total Long-Term Assets $1.906B $1.880B $1.824B
Total Assets $3.138B $3.049B $3.225B
YoY Change -1.25% -5.48% 30.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $223.5M $205.6M $274.6M
YoY Change -5.52% -25.13% 19.76%
Accrued Expenses $158.8M $137.5M $148.6M
YoY Change -6.46% -7.47% 19.76%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $12.95M $24.25M $18.11M
YoY Change -22.76% 33.9% 158.76%
Total Short-Term Liabilities $427.9M $419.6M $504.8M
YoY Change -2.6% -16.87% 23.88%
LONG-TERM LIABILITIES
Long-Term Debt $1.264B $1.296B $1.279B
YoY Change -0.86% 1.28% 63.88%
Other Long-Term Liabilities $72.94M $62.68M $66.47M
YoY Change 6.36% -5.7% 6.39%
Total Long-Term Liabilities $1.337B $1.358B $1.346B
YoY Change -0.5% 0.94% 72.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $427.9M $419.6M $504.8M
Total Long-Term Liabilities $1.337B $1.358B $1.346B
Total Liabilities $1.956B $1.956B $2.029B
YoY Change -0.31% -3.6% 38.64%
SHAREHOLDERS EQUITY
Retained Earnings $913.6M $788.8M $335.8M
YoY Change 91.2% 134.88%
Common Stock $1.185B $1.159B $1.091B
YoY Change 4.79% 6.21%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.029B $1.093B $990.0M
YoY Change
Total Liabilities & Shareholders Equity $3.138B $3.049B $3.225B
YoY Change -1.25% -5.48% 30.34%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income $135.8M $173.7M $187.1M
YoY Change -10.66% -7.21% 146.29%
Depreciation, Depletion And Amortization $36.80M $37.24M $35.58M
YoY Change 2.44% 4.67% 102.93%
Cash From Operating Activities $214.9M $244.0M $249.8M
YoY Change 14.76% -2.32% 139.36%
INVESTING ACTIVITIES
Capital Expenditures $40.55M $42.08M $36.19M
YoY Change 3.03% 16.27% 41.66%
Acquisitions $0.00 $47.49M
YoY Change -100.0%
Other Investing Activities $300.0K $20.13M -$13.00K
YoY Change -161.86% -154976.92% -75.47%
Cash From Investing Activities -$40.30M -$21.94M -$83.67M
YoY Change 1.15% -73.77% 228.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$57.70M
YoY Change -128.28%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -69.90M -73.51M $277.7M
YoY Change -54.27% -126.47% -311.45%
NET CHANGE
Cash From Operating Activities 214.9M 244.0M $249.8M
Cash From Investing Activities -40.30M -21.94M -$83.67M
Cash From Financing Activities -69.90M -73.51M $277.7M
Net Change In Cash 104.7M 148.5M $443.6M
YoY Change -2024.99% -66.52% -950.14%
FREE CASH FLOW
Cash From Operating Activities $214.9M $244.0M $249.8M
Capital Expenditures $40.55M $42.08M $36.19M
Free Cash Flow $174.4M $201.9M $213.6M
YoY Change 17.88% -5.47% 171.03%

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CY2023Q2 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
13304000 usd
CY2022Q2 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-303000 usd

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0001604028-23-000038.txt Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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