ADVANCED DRAINAGE SYSTEMS, INC.
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 |
|---|---|---|---|---|---|---|
| Revenue | $1.33B | $1.26B | $1.29B | $1.18B | $1.07B | $1.02B |
| Cost of Revenue | $1.03B | $961.5M | $1.01B | $975.0M | $875.2M | $829.1M |
| Gross Profit | $302.5M | $295.8M | $285.4M | $205.1M | $192.5M | $188.0M |
| Gross Margin | 22.7% | 23.5% | 22.1% | 17.4% | 18.0% | 18.5% |
| Operating Expenses | ||||||
| Research & Development | — | — | — | — | — | — |
| SG&A Expense | $98.4M | $111.0M | $92.5M | $75.9M | $62.9M | $49.6M |
| Operating Income | $88.3M | $76.3M | $94.3M | $38.7M | $48.3M | $57.5M |
| Operating Margin | 6.6% | 6.1% | 7.3% | 3.3% | 4.5% | 5.7% |
| Interest Expense | — | — | — | — | — | — |
| Pretax Income | $76.9M | $64.8M | $59.3M | $4.9M | $30.7M | $38.8M |
| Income Tax Expense | $11.4M | $24.6M | $23.5M | $6.3M | $19.6M | $15.9M |
| Net Income | $62.0M | $62.0M | $25.1M | $-7.8M | $4.4M | $20.7M |
| Net Margin | 4.7% | 4.9% | 1.9% | -0.7% | 0.4% | 2.0% |
| EPS (Basic) | $1.00 | $1.00 | $0.40 | $-0.38 | $-0.21 | $0.28 |
| EPS (Diluted) | $0.99 | $0.99 | $0.39 | $-0.38 | $-0.21 | $0.27 |
| Shares Outstanding (Basic) | 55.7M | 55.7M | 54.0M | 51.3M | 47.3M | 46.7M |
| Shares Outstanding (Diluted) | 56.3M | 56.3M | 55.2M | 51.3M | 47.3M | 47.2M |
| Dividends Per Share | $0.28 | $0.24 | $0.20 | $0.08 | $1.68 | $0.10 |