ADVANCED DRAINAGE SYSTEMS, INC.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $168.5M | $32.9M | $93.6M | $156.0M | $143.9M | $77.2M | $81.2M | $130.4M |
| Depreciation & Amortization | $62.2M | $59.8M | $51.5M | $54.7M | $50.2M | $49.6M | $47.8M | $44.8M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $20.1M | $18.7M | $13.5M | $13.5M | $13.7M | $14.4M | $14.4M | $11.8M |
| Stock-Based Compensation | $13.3M | — | $8.8M | $8.6M | $8.4M | — | $7.8M | $7.0M |
| Net Cash from Operating Activities | $260.4M | $39.9M | $269.3M | $234.9M | $275.0M | $41.2M | $189.9M | $166.9M |
| Investing Activities | ||||||||
| Capital Expenditures | $57.2M | $53.0M | $85.7M | $58.4M | $52.6M | $46.5M | $54.2M | $54.5M |
| Business Acquisitions | $0 | $972.5M | $0 | $-1.0M | $19.6M | $0 | $237.3M | $0 |
| Net Cash from Investing Activities | $-55.0M | $-1.03B | $-81.2M | $-35.4M | $-69.9M | $-45.0M | $-291.3M | $-54.3M |
| Financing Activities | ||||||||
| Dividends Paid | $15.3M | $14.0M | $14.0M | $14.1M | $14.0M | $12.4M | $12.4M | $12.5M |
| Stock Repurchases | $233.2M | $92.0M | $0 | $0 | $0 | $0 | $0 | $20.7M |
| Net Cash from Financing Activities | $-268.6M | $209.0M | $3.2M | $-24.7M | $-31.1M | $-21.8M | $-21.3M | $-40.7M |
| Net Change in Cash | $-63.1M | $-776.9M | $192.0M | $174.7M | $175.0M | $-25.5M | $-124.1M | $71.5M |
| Free Cash Flow | $203.2M | $-13.1M | $183.6M | $176.4M | $222.4M | $-5.3M | $135.7M | $112.4M |