Advanced Drainage Systems, Inc.
Balance Sheet
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $223.0M | $463.3M | $490.2M | $217.1M | $20.1M | $195.0M | $174.2M | $8.9M |
| Accounts Receivable | $390.5M | $333.2M | $323.6M | $306.9M | $341.8M | $236.2M | $200.0M | $187.0M |
| Inventory | $543.4M | $488.3M | $464.2M | $464.0M | $494.3M | $301.0M | $282.4M | $264.5M |
| Total Current Assets | $1.23B | $1.32B | $1.30B | $1.02B | $871.9M | $743.0M | $666.2M | $466.5M |
| Property, Plant & Equipment | — | — | — | — | — | $504.3M | $481.4M | $398.9M |
| Goodwill | $1.04B | $720.2M | $617.2M | $620.2M | $610.3M | $599.1M | $597.8M | $102.6M |
| Intangible Assets (Excl. Goodwill) | $848.5M | $448.1M | $352.7M | $407.6M | $431.4M | $482.0M | $555.3M | $37.2M |
| Total Assets | $4.51B | $3.69B | $3.27B | $2.90B | $2.65B | $2.41B | $2.37B | $1.04B |
| Liabilities | ||||||||
| Accounts Payable | $237.7M | $218.0M | $254.4M | $210.1M | $225.0M | $171.1M | $106.7M | $93.6M |
| Total Current Liabilities | $509.5M | $398.4M | $439.6M | $378.8M | $391.2M | $318.3M | $238.2M | $206.3M |
| Long-Term Debt | $1.61B | $1.25B | $1.26B | $1.27B | $908.7M | $782.2M | $1.09B | $208.6M |
| Total Liabilities | $2.55B | $2.05B | $1.99B | $1.91B | $1.54B | $1.35B | $1.59B | $541.5M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $1.86B | $1.49B | $1.09B | $626.2M | $158.9M | $-75.2M | $-267.6M | $17.6M |
| Total Stockholders' Equity | $1.86B | $1.53B | $1.15B | $824.1M | $893.0M | $819.8M | $525.7M | $384.3M |