Advanced Drainage Systems (WMS) FY2022 results: revenue $2.8 billion, up 39.7% on the year
Advanced Drainage Systems, Inc. (WMS) reported revenue of $2.8 billion for fiscal 2022, the year ended 31 March 2022, up 39.7% on the year before. Net income was $271 million, up 21.0%, and diluted earnings per share $3.15. The figures are the company's own, from the 10-K it filed with the SEC on 19 May 2022.
Revenue
$2.8 billion
+39.7% on the year
FY2015FY2022
Operating margin
14.9%
17.4% a year earlier
FY2015FY2022
Net income
$271 million
+21.0% on the year
FY2015FY2022
Diluted EPS
$3.15
+21.6% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
275
452
306
-39.2%
Capital expenditure
149
78.8
67.7
+89.3%
Free cash flow
126
373
239
-66.3%
Free cash flow margin
4.5%
18.8%
14.2%
Cash from investing
-199
-77.9
-1,150
Cash from financing
-251
-355
1,012
Depreciation and amortisation
142
66.4
62.2
+113.5%
Share-based compensation
24.2
65.4
32.4
-63.1%
Buybacks
292
0.0
0.0
Dividends paid
37.0
30.7
92.1
+20.7%
Dividend per share
$0.44
$0.36
$1.36
+22.2%
Diluted shares, weighted
73m
72m
64m
+1.9%
Shares outstanding at period end
72m
72m
69m
+1.0%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
893
820
526
+8.9%
Non-controlling interest
16.6
13.7
11.8
+21.1%
Redeemable equity
195
230
247
-15.0%
Debt
930
791
1,100
+17.5%
Operating lease liabilities
41.0
22.4
17.2
+83.2%
Finance lease liabilities
11.4
33.0
44.5
-65.4%
Other liabilities
562
504
424
+11.6%
Total liabilities and equity
2,650
2,414
2,370
+9.8%
Fixed assets
619
504
481
+22.8%
Goodwill
610
599
598
+1.9%
Intangible assets
431
482
555
-10.5%
Cash and equivalents
20.1
195
174
-89.7%
Receivables
342
236
200
+44.7%
Inventory
494
301
282
+64.2%
Other assets
132
96.3
78.7
+37.6%
Total assets
2,650
2,414
2,370
+9.8%
10-K for the year ended 31 March 2022, filed 19 May 2022: the filing.