ADVANCED DRAINAGE SYSTEMS, INC.
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 5, 2026
WMS$128.75-1.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Financial Statements (Unaudited)
ITEM 1. FINANCIAL STATEMENTS
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited) (Amounts in thousands, except par value)
| September 30, 2026 | March 31, 2026 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash | $153,245 | $223,012 |
| Receivables (less allowance for doubtful accounts of $4,657 and $4,654, respectively) | 429,452 | 390,536 |
| Inventories | 563,775 | 543,381 |
| Assets held for sale | 11,415 | 43,451 |
| Other current assets | 36,689 | 30,449 |
| Total current assets | 1,194,576 | 1,230,829 |
| Property, plant and equipment, net | 1,248,456 | 1,217,165 |
| Other assets: | ||
| Goodwill | 1,041,156 | 1,042,716 |
| Intangible assets, net | 808,408 | 848,527 |
| Other assets | 170,887 | 166,386 |
| Total assets | $4,463,483 | $4,505,623 |
| LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Current maturities of debt obligations | $7,955 | $5,865 |
| Current maturities of finance lease obligations | 40,517 | 38,136 |
| Accounts payable | 283,525 | 237,706 |
| Liabilities held for sale | 7,277 | 15,139 |
| Other accrued liabilities | 210,909 | 212,623 |
| Accrued income taxes | 11,853 | — |
| Total current liabilities | 562,036 | 509,469 |
| Long-term debt obligations (less unamortized debt issuance costs of $16,951 and $18,428, respectively) | 1,603,242 | 1,605,958 |
| Long-term finance lease obligations | 121,392 | 121,935 |
| Deferred tax liabilities | 230,852 | 220,994 |
| Other liabilities | 96,605 | 91,303 |
| Total liabilities | $2,614,127 | $2,549,659 |
| Commitments and contingencies (see Note 13) | ||
| Mezzanine equity: | ||
| Redeemable common stock: $0.01 par value; 4,249 and 4,533 shares outstanding, respectively | 69,045 | 73,652 |
| Total mezzanine equity | 69,045 | 73,652 |
| Stockholders’ equity: | ||
| Common stock; $0.01 par value: 1,000,000 shares authorized; 85,923 and 85,319 shares issued, respectively; 70,456 and 72,654 shares outstanding, respectively | 11,716 | 11,710 |
| Paid-in capital | 1,378,920 | 1,342,091 |
| Common stock in treasury, at cost | (1,711,567) | (1,325,713) |
| Accumulated other comprehensive loss | (35,139) | (32,290) |
| Retained earnings | 2,111,424 | 1,862,936 |
| Total ADS stockholders’ equity | 1,755,354 | 1,858,734 |
| Noncontrolling interest in subsidiaries | 24,957 | 23,578 |
| Total stockholders’ equity | 1,780,311 | 1,882,312 |
| Total liabilities, mezzanine equity and stockholders’ equity | $4,463,483 | $4,505,623 |
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