Advanced Drainage Systems, Inc. (WMS)

Advanced Drainage Systems Cash Flow Statement

Financials in millions USD. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Net Income	471.42	452.57	513.29	511.35	275.03	226.09
Depreciation & Amortization	206.05	183.28	154.9	145.15	141.81	145.59
Stock-Based Compensation	30.64	26.58	31.99	21.66	107.99	65.43
Other Adjustments	19.62	1.23	-8.41	-3.73	-8.7	-5.61
Change in Receivables	18.54	1.41	-14.59	37.49	-96.99	-34.76
Changes in Inventories	47.05	-15.75	0.59	30.22	-189.72	-14.56
Changes in Accounts Payable	27.57	-63.86	40.43	-29.04	50.11	71.24
Changes in Other Operating Activities	-0.52	-3.98	-0.28	-5.3	-4.64	-1.21
Operating Cash Flow	820.36	581.49	717.93	707.81	274.89	452.22
Operating Cash Flow Growth	47.04%	-19.00%	1.43%	157.49%	-39.21%	47.69%
Capital Expenditures	-243.27	-212.94	-183.81	-166.91	-149.08	-78.76
Payments for Business Acquisitions	-137.21	-237.31	-	-48.01	-49.31	-
Proceeds from Business Divestments	13.24	-	27.5	-	-	-
Other Investing Activities	33.81	2.39	0.65	0.45	-0.44	0.88
Investing Cash Flow	-231.55	-447.87	-155.66	-214.48	-198.83	-77.87
Short-Term Debt Issued	-	-	-	123.2	332.2	-
Short-Term Debt Repaid	-	-	-	-237.5	-217.9	-100
Net Short-Term Debt Issued (Repaid)	-	-	-	-114.3	114.3	-100
Long-Term Debt Issued	-	-	-	500	35.96	-
Long-Term Debt Repaid	-10.61	-11.9	-14.74	-19.53	-11.72	-207
Net Long-Term Debt Issued (Repaid)	-10.61	-11.9	-14.74	480.47	24.25	-207
Issuance of Common Stock	6.1	9.97	6.45	5.7	4.57	7.55
Repurchase of Common Stock	-	-69.92	-207.31	-575.03	-292	-
Net Common Stock Issued (Repurchased)	6.1	-59.95	-200.85	-569.33	-287.43	7.55
Common Dividends Paid	-54.51	-49.74	-44	-39.61	-37.02	-30.69
Other Financing Activities	-45.95	-36.14	-24.76	-53.51	-65.17	-24.45
Financing Cash Flow	-104.98	-157.73	-284.34	-296.28	-251.07	-354.58
Effect of Exchange Rate Changes on Cash and Cash Equivalents	1.77	-2.48	0.8	-0.05	0.13	1.02
Net Cash Flow	516.15	-26.58	278.72	197	-174.88	20.78
Free Cash Flow	577.09	368.55	534.12	540.9	125.81	373.46
Free Cash Flow Growth	56.58%	-31.00%	-1.25%	329.95%	-66.31%	56.58%
FCF Margin	19.30%	12.69%	18.58%	17.61%	4.54%	18.84%
Free Cash Flow Per Share	7.38	4.71	6.76	6.49	1.73	5.22
Levered Free Cash Flow	496.99	325.02	507.02	847.38	258.36	39.53
Unlevered Free Cash Flow	551.32	386.86	569.38	528.59	128.5	371.52

Updated Feb 5, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q