Advanced Drainage Systems Inc
NYSE:WMS
Income Statement
Earnings Waterfall
Advanced Drainage Systems Inc
Revenue
|
2.8B
USD
|
Cost of Revenue
|
-1.7B
USD
|
Gross Profit
|
1.1B
USD
|
Operating Expenses
|
-400.3m
USD
|
Operating Income
|
716.2m
USD
|
Other Expenses
|
-215.1m
USD
|
Net Income
|
501m
USD
|
Income Statement
Advanced Drainage Systems Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
1 070
N/A
|
1 068
0%
|
1 102
+3%
|
1 136
+3%
|
1 155
+2%
|
1 180
+2%
|
1 203
+2%
|
1 219
+1%
|
1 252
+3%
|
1 291
+3%
|
1 299
+1%
|
1 277
-2%
|
1 259
-1%
|
1 257
0%
|
1 258
+0%
|
1 298
+3%
|
1 324
+2%
|
1 330
+0%
|
1 360
+2%
|
1 365
+0%
|
1 363
0%
|
1 385
+2%
|
1 411
+2%
|
1 500
+6%
|
1 575
+5%
|
1 674
+6%
|
1 769
+6%
|
1 817
+3%
|
1 910
+5%
|
1 983
+4%
|
2 143
+8%
|
2 306
+8%
|
2 535
+10%
|
2 769
+9%
|
3 014
+9%
|
3 192
+6%
|
3 132
-2%
|
3 071
-2%
|
2 935
-4%
|
2 831
-4%
|
2 838
+0%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(875)
|
(875)
|
(904)
|
(934)
|
(963)
|
(974)
|
(982)
|
(983)
|
(990)
|
(1 005)
|
(992)
|
(965)
|
(953)
|
(962)
|
(972)
|
(1 013)
|
(1 031)
|
(1 028)
|
(1 044)
|
(1 044)
|
(1 047)
|
(1 058)
|
(1 246)
|
(1 284)
|
(1 308)
|
(1 357)
|
(1 202)
|
(1 191)
|
(1 238)
|
(1 293)
|
(1 441)
|
(1 609)
|
(1 798)
|
(1 969)
|
(2 063)
|
(2 121)
|
(2 046)
|
(1 953)
|
(1 837)
|
(1 751)
|
(1 722)
|
|
Gross Profit |
196
N/A
|
193
-2%
|
198
+3%
|
202
+2%
|
192
-5%
|
206
+7%
|
220
+7%
|
237
+7%
|
262
+11%
|
285
+9%
|
307
+8%
|
311
+1%
|
306
-2%
|
296
-3%
|
286
-3%
|
285
0%
|
294
+3%
|
303
+3%
|
315
+4%
|
321
+2%
|
316
-2%
|
327
+4%
|
165
-50%
|
216
+31%
|
267
+24%
|
317
+18%
|
567
+79%
|
627
+10%
|
672
+7%
|
690
+3%
|
703
+2%
|
697
-1%
|
737
+6%
|
800
+9%
|
951
+19%
|
1 071
+13%
|
1 086
+1%
|
1 118
+3%
|
1 098
-2%
|
1 081
-2%
|
1 116
+3%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(121)
|
(147)
|
(156)
|
(161)
|
(167)
|
(147)
|
(157)
|
(168)
|
(174)
|
(190)
|
(209)
|
(205)
|
(206)
|
(211)
|
(202)
|
(206)
|
(208)
|
(197)
|
(193)
|
(191)
|
(190)
|
(194)
|
(280)
|
(302)
|
(333)
|
(384)
|
(330)
|
(343)
|
(349)
|
(341)
|
(353)
|
(359)
|
(370)
|
(385)
|
(393)
|
(406)
|
(411)
|
(395)
|
(394)
|
(396)
|
(400)
|
|
Selling, General & Administrative |
(112)
|
(137)
|
(146)
|
(151)
|
(157)
|
(138)
|
(148)
|
(159)
|
(165)
|
(181)
|
(200)
|
(196)
|
(198)
|
(202)
|
(194)
|
(197)
|
(200)
|
(189)
|
(185)
|
(183)
|
(182)
|
(186)
|
(272)
|
(287)
|
(306)
|
(324)
|
(255)
|
(259)
|
(261)
|
(266)
|
(387)
|
(395)
|
(409)
|
(320)
|
(332)
|
(346)
|
(352)
|
(339)
|
(339)
|
(343)
|
(348)
|
|
Depreciation & Amortization |
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(16)
|
(27)
|
(60)
|
(76)
|
(84)
|
(88)
|
(75)
|
(71)
|
(69)
|
(66)
|
(65)
|
(62)
|
(60)
|
(59)
|
(56)
|
(54)
|
(53)
|
(52)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
105
|
105
|
105
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
75
N/A
|
45
-39%
|
41
-9%
|
41
0%
|
25
-39%
|
59
+134%
|
63
+7%
|
69
+8%
|
89
+29%
|
95
+7%
|
99
+4%
|
107
+8%
|
100
-7%
|
85
-15%
|
84
-1%
|
80
-5%
|
85
+7%
|
105
+23%
|
122
+16%
|
130
+6%
|
126
-3%
|
133
+6%
|
(115)
N/A
|
(86)
+25%
|
(66)
+23%
|
(67)
-2%
|
237
N/A
|
283
+20%
|
323
+14%
|
349
+8%
|
349
+0%
|
338
-3%
|
368
+9%
|
415
+13%
|
558
+34%
|
665
+19%
|
675
+2%
|
724
+7%
|
704
-3%
|
685
-3%
|
716
+5%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(20)
|
(19)
|
(18)
|
(18)
|
(24)
|
(27)
|
(32)
|
(41)
|
(39)
|
(21)
|
(30)
|
(19)
|
(15)
|
(7)
|
(13)
|
(13)
|
(12)
|
(12)
|
(11)
|
(13)
|
(18)
|
(18)
|
(20)
|
(69)
|
(75)
|
(85)
|
(89)
|
(46)
|
(41)
|
(32)
|
(29)
|
(28)
|
(28)
|
(28)
|
(32)
|
(42)
|
(50)
|
(62)
|
(71)
|
(67)
|
(69)
|
|
Non-Reccuring Items |
3
|
3
|
(2)
|
(2)
|
(2)
|
(0)
|
(1)
|
(1)
|
(0)
|
(1)
|
(0)
|
(1)
|
(3)
|
(9)
|
(12)
|
(16)
|
(16)
|
(17)
|
(15)
|
(10)
|
(8)
|
(4)
|
(8)
|
(26)
|
(29)
|
(28)
|
(25)
|
(7)
|
(4)
|
(4)
|
(3)
|
(1)
|
(4)
|
(3)
|
(4)
|
(5)
|
(1)
|
(4)
|
9
|
9
|
6
|
|
Total Other Income |
0
|
1
|
0
|
0
|
0
|
(7)
|
(8)
|
(8)
|
(8)
|
(14)
|
4
|
4
|
4
|
(5)
|
0
|
0
|
0
|
1
|
0
|
0
|
1
|
1
|
0
|
1
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
58
N/A
|
31
-47%
|
22
-29%
|
21
-1%
|
(1)
N/A
|
25
N/A
|
22
-10%
|
18
-18%
|
42
+130%
|
59
+42%
|
73
+23%
|
92
+26%
|
85
-7%
|
65
-24%
|
59
-9%
|
51
-14%
|
58
+15%
|
77
+33%
|
97
+26%
|
107
+11%
|
101
-6%
|
112
+11%
|
(142)
N/A
|
(179)
-26%
|
(170)
+5%
|
(180)
-6%
|
124
N/A
|
231
+87%
|
278
+20%
|
312
+12%
|
318
+2%
|
309
-3%
|
336
+9%
|
384
+14%
|
523
+36%
|
619
+18%
|
625
+1%
|
657
+5%
|
642
-2%
|
627
-2%
|
654
+4%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(38)
|
(20)
|
(18)
|
(17)
|
4
|
(10)
|
(7)
|
(5)
|
(13)
|
(24)
|
(30)
|
(40)
|
(36)
|
(25)
|
(20)
|
(18)
|
9
|
9
|
4
|
6
|
(18)
|
(30)
|
(38)
|
(23)
|
(24)
|
(14)
|
(19)
|
(54)
|
(71)
|
(86)
|
(86)
|
(81)
|
(89)
|
(110)
|
(139)
|
(159)
|
(157)
|
(151)
|
(151)
|
(151)
|
(155)
|
|
Income from Continuing Operations |
20
|
11
|
3
|
5
|
4
|
15
|
15
|
13
|
30
|
36
|
43
|
52
|
50
|
40
|
39
|
32
|
67
|
86
|
101
|
113
|
83
|
82
|
(180)
|
(202)
|
(194)
|
(194)
|
105
|
177
|
208
|
226
|
232
|
228
|
247
|
273
|
384
|
459
|
468
|
507
|
491
|
476
|
499
|
|
Income to Minority Interest |
(7)
|
(4)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(6)
|
(4)
|
(6)
|
(6)
|
(2)
|
(4)
|
(3)
|
(3)
|
(2)
|
(2)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(1)
|
(1)
|
(1)
|
(1)
|
(3)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(4)
|
(3)
|
(3)
|
(3)
|
|
Equity Earnings Affiliates |
(2)
|
(3)
|
(4)
|
(3)
|
(3)
|
(2)
|
(1)
|
(2)
|
(2)
|
(5)
|
(6)
|
(6)
|
(7)
|
(4)
|
(4)
|
(4)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
1
|
1
|
2
|
2
|
2
|
1
|
0
|
0
|
0
|
2
|
2
|
3
|
4
|
4
|
5
|
5
|
4
|
5
|
|
Net Income (Common) |
1
N/A
|
(10)
N/A
|
(31)
-218%
|
(22)
+29%
|
(17)
+22%
|
(3)
+83%
|
14
N/A
|
3
-76%
|
20
+479%
|
21
+9%
|
27
+26%
|
37
+38%
|
33
-10%
|
28
-16%
|
28
0%
|
23
-18%
|
44
+92%
|
56
+26%
|
69
+24%
|
79
+14%
|
64
-19%
|
70
+9%
|
(192)
N/A
|
(209)
-9%
|
(204)
+2%
|
(205)
0%
|
86
N/A
|
144
+67%
|
169
+18%
|
185
+9%
|
191
+3%
|
188
-2%
|
206
+10%
|
230
+11%
|
353
+54%
|
442
+25%
|
461
+4%
|
507
+10%
|
494
-3%
|
477
-3%
|
501
+5%
|
|
EPS (Diluted) |
0.01
N/A
|
-0.21
N/A
|
-0.61
-190%
|
-0.4
+34%
|
-0.32
+20%
|
-0.06
+81%
|
0.25
N/A
|
0.05
-80%
|
0.35
+600%
|
0.39
+11%
|
0.49
+26%
|
0.68
+39%
|
0.61
-10%
|
0.5
-18%
|
0.51
+2%
|
0.41
-20%
|
0.78
+90%
|
0.98
+26%
|
1.2
+22%
|
1.36
+13%
|
1.11
-18%
|
1.22
+10%
|
-3.22
N/A
|
-2.91
+10%
|
-2.94
-1%
|
-3.21
-9%
|
1.22
N/A
|
1.98
+62%
|
2.37
+20%
|
2.59
+9%
|
2.65
+2%
|
2.53
-5%
|
2.83
+12%
|
3.15
+11%
|
4.18
+33%
|
5.23
+25%
|
5.56
+6%
|
6.08
+9%
|
6.2
+2%
|
6.02
-3%
|
6.37
+6%
|