← ADVANCED DRAINAGE SYSTEMS, INC.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $33.0m | $62.0m | $77.8m | ($193.2m) | $224.2m | $271.3m | $507.1m | $509.9m | $450.2m | $426.5m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $28.0m | $55.6m | $70.2m | ($204.7m) | $185.4m | $229.5m | $507.1m | $509.9m | $450.2m | $428.8m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $35.9m | $64.8m | $81.5m | ($191.8m) | $226.1m | $275.0m | $511.4m | $513.3m | $452.6m | $428.8m | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | — | — | $429.9m | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | — | $0 | $0 | ($1.1m) | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $3.0m | $2.8m | $3.7m | $1.4m | $1.9m | $3.7m | $4.3m | $3.4m | $2.4m | $2.3m | |
| Depreciation, Depletion and Amortization | $72.4m | $75.0m | $71.9m | $62.2m | $66.4m | $141.8m | $145.1m | $154.9m | $183.3m | $216.3m | |
| Amortization of Debt Issuance Costs | $1.4m | $934k | $735k | $34.5m | $382k | $382k | $1.4m | $2.0m | $2.0m | $2.2m | |
| Amortization of Intangible Assets | $8.5m | $8.1m | $7.9m | $57.0m | $73.7m | $64.0m | $55.2m | $51.5m | $52.6m | $59.4m | |
| Capitalized Computer Software, Amortization | $3.4m | $2.2m | $2.7m | $3.1m | $3.6m | — | — | — | — | — | |
| Depreciation | $58.7m | $63.0m | $59.9m | $64.6m | $68.0m | $73.5m | $86.0m | $100.3m | $128.8m | $154.4m | |
| Deferred Income Tax Expense (Benefit) | ($7.4m) | ($11.5m) | $12.4m | ($3.0m) | ($13.7m) | $2.2m | ($9.8m) | ($2.3m) | ($353k) | $35.2m | |
| Share-based Payment Arrangement, Noncash Expense | $17.9m | $18.8m | $21.8m | $32.4m | $65.4m | — | — | — | — | — | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | $13.1m | $28.7m | $8.9m | $10.7m | $7.1m | |
| Share-based Payment Arrangement, Expense | — | — | $6.5m | $12.3m | $20.5m | $24.2m | $21.7m | $32.0m | $26.6m | $32.4m | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | — | $0 | $0 | $0 | — | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | $0 | $0 | $0 | — | $0 | $0 | $0 | $0 | $0 | $0 | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | ($8.5m) | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Assets | ($8.5m) | ($15.0m) | ($3.6m) | ($5.3m) | ($4.3m) | ($3.4m) | ($4.4m) | $8.4m | ($3.9m) | ($19.2m) | |
| Gain (Loss) on Disposition of Other Assets | $7.3m | $12.7m | $3.6m | $5.3m | $4.3m | $3.4m | $4.4m | $4.5m | $3.9m | ($17.0m) | |
| Gain (Loss) on Disposition of Assets for Financial Service Operations | ($7.3m) | ($12.7m) | ($3.6m) | ($5.3m) | ($4.3m) | ($3.4m) | ($4.4m) | $8.4m | ($3.9m) | ($19.2m) | |
| Income (Loss) from Equity Method Investments | ($4.3m) | ($739k) | ($95k) | $1.9m | $201k | $1.6m | $4.8m | $5.5m | $4.2m | $5.1m | |
| Income Tax Expense (Benefit) | $24.6m | $11.4m | $30.0m | $14.1m | $86.4m | $110.1m | $150.6m | $159.0m | $141.1m | $135.0m | |
| Other Nonoperating Income (Expense) | $6.0m | $4.0m | $815k | ($1.6m) | $3.4m | $5.1m | $8.0m | $23.5m | $23.8m | $34.5m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Inventories | $27.9m | $4.8m | $2.0m | ($19.1m) | $14.6m | $189.7m | ($30.2m) | ($594k) | $15.7m | ($30.6m) | |
| Gain (Loss) on Investments | $2.4m | — | — | — | — | — | — | — | — | — | |
| General and Administrative Expense | $111.0m | $98.4m | $89.7m | $154.3m | — | — | — | — | — | — | |
| Goodwill | $100.6m | $103.0m | $102.6m | $597.8m | $599.1m | $610.3m | $620.2m | $617.2m | $720.2m | $1.0b | |
| Proceeds from Stock Options Exercised | $4.0m | $9.1m | $5.9m | $8.2m | $7.6m | $4.6m | $5.7m | $6.5m | $10.0m | $6.8m | |
| Realized Investment Gains (Losses) | ($8.6m) | $476k | $1.2m | ($837k) | ($1.5m) | $3.0m | $4.0m | ($58k) | ($649k) | $1.1m | |
| Net Cash Provided by (Used in) Operating Activities | $104.2m | $137.1m | $151.7m | $306.2m | $452.2m | $274.9m | $707.8m | $717.9m | $581.5m | $819.1m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $46.7m | $41.7m | $43.4m | $67.7m | $78.8m | $149.1m | $166.9m | $183.8m | $212.9m | $249.8m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $8.6m | $2.0m | — | $1.1b | — | $49.3m | $48.0m | $0 | $237.3m | $991.1m | |
| Payments for (Proceeds from) Other Investing Activities | $1.4m | $390k | ($868k) | ($6.5m) | ($883k) | $441k | ($446k) | ($650k) | ($2.4m) | $3.5m | |
| Net Cash Provided by (Used in) Investing Activities | ($61.3m) | ($30.4m) | ($42.5m) | ($1.2b) | ($77.9m) | ($198.8m) | ($214.5m) | ($155.7m) | ($447.9m) | ($1.2b) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Common Stock | — | — | — | $293.6m | — | $0 | — | — | — | — | |
| Payments for Repurchase of Common Stock | — | $7.9m | — | $0 | $0 | $292.0m | $575.0m | $207.3m | $69.9m | $92.0m | |
| Payments of Ordinary Dividends, Common Stock | $16.8m | $18.5m | $26.1m | $92.1m | $32.2m | $38.5m | $39.6m | $44.0m | $49.7m | $56.1m | |
| Proceeds from Noncontrolling Interests | — | — | — | — | — | — | — | — | — | $3.3m | |
| Proceeds from (Payments for) Other Financing Activities | ($983k) | ($2.4m) | ($361k) | ($237k) | ($1.5m) | ($186k) | ($260k) | $0 | $2k | ($2k) | |
| Net Cash Provided by (Used in) Financing Activities | ($42.8m) | ($95.0m) | ($117.7m) | $1.0b | ($354.6m) | ($251.1m) | ($296.3m) | ($284.3m) | ($157.7m) | $156.3m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($260k) | ($585k) | ($175k) | $165.3m | $20.8m | ($174.9m) | $197.0m | $278.7m | ($26.6m) | ($235.3m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | $20.1m | $217.1m | $495.8m | $469.3m | $224.8m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $17.3m | $17.9m | $15.7m | $41.3m | $37.6m | $32.8m | $60.5m | $86.3m | $89.5m | $87.0m | |
| Income Taxes Paid, Net | $13.5m | $24.5m | $29.8m | $8.7m | $97.6m | $106.4m | $167.0m | $161.1m | $142.2m | $113.4m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.