Filing Flows

Filing Flows › Companies › Advanced Drainage Systems › Cash flow

Advanced Drainage Systems cash flow, quarter by quarter

Latest: Q1 FY27 · from the cash-flow statements filed with the SEC

Free cash flow$203M in Q1 FY27

Operating cash flow$260M
Capital spending−$57.2M
Free cash flow+$203M

Analysis

In Q1 FY27, Advanced Drainage Systems generated $260M of operating cash flow and spent $57.2M on capital projects, leaving free cash flow of $203M. That is $19.1M less than in Q1 FY26 ($222M).

Operating cash flow was $260M against net income of $171M — 1.5× profit, cash ran ahead of reported earnings. The largest differences: payables +$83.3M, receivables −$70.2M, depreciation & amortization +$62.2M.

Free cash flow

Advanced Drainage Systems: free cash flow by quarterAdvanced Drainage Systems: free cash flow by quarter$136MQ3 FY25−$5.3MQ4 FY25$222MQ1 FY26$176MQ2 FY26$184MQ3 FY26−$13.1MQ4 FY26$203MQ1 FY27
Operating cash flow less capital spending.
Advanced Drainage Systems: operating cash flow against capital spendingAdvanced Drainage Systems: operating cash flow against capital spendingOperating cash flowCapital spending$190M$54.2MQ3 FY25$41.2M$46.5MQ4 FY25$275M$52.6MQ1 FY26$235M$58.4MQ2 FY26$269M$85.7MQ3 FY26$39.9M$53.0MQ4 FY26$260M$57.2MQ1 FY27
Latest (Q1 FY27): Operating cash flow $260M, Capital spending $57.2M.

Capital allocation, year by year

Advanced Drainage Systems: where the cash came from (up) and went (down), by fiscal yearAdvanced Drainage Systems: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksDividendsFY22: Operating cash flow $275MFY22: Net borrowing −$50.4MFY22: Shares issued $4.6MFY22: Capital spending −$149MFY22: Acquisitions −$49.3MFY22: Buybacks −$292MFY22: Dividends −$37.0M$279MFY22FY23: Operating cash flow $708MFY23: Net borrowing $492MFY23: Shares issued $5.7MFY23: Capital spending −$167MFY23: Acquisitions −$48.0MFY23: Buybacks −$575MFY23: Dividends −$39.6M$1.2BFY23FY24: Operating cash flow $718MFY24: Net borrowing −$12.1MFY24: Shares issued $6.5MFY24: Asset sales $27.5MFY24: Capital spending −$184MFY24: Buybacks −$207MFY24: Dividends −$44.0M$752MFY24FY25: Operating cash flow $581MFY25: Net borrowing −$25.5MFY25: Shares issued $10.0MFY25: Capital spending −$213MFY25: Acquisitions −$237MFY25: Buybacks −$69.9MFY25: Dividends −$49.7M$591MFY25FY26: Operating cash flow $819MFY26: Net borrowing −$13.4MFY26: Shares issued $6.8MFY26: Asset sales $32.5MFY26: Capital spending −$250MFY26: Acquisitions −$991MFY26: Buybacks −$92.0MFY26: Dividends −$56.1M$858MFY26
Over these 5 years operating cash flow totalled $3.1B; the largest uses were acquisitions ($1.3B) and buybacks ($1.2B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$153M
Debt$1.6B
Net debt$1.5B
Due within a year$5.9M

Advanced Drainage Systems funds itself: free cash flow was — over the last twelve months, and $153M of cash and investments stands against $1.6B of debt ($5.9M due within a year, 26.1× covered by cash).

Advanced Drainage Systems: debt maturities by year (FY26)Advanced Drainage Systems: debt maturities by year (FY26)$5.9MYear 1$8.2MYear 2$32.7MYear 3$6.0MYear 4$1.1BAfter year 5
Principal due in each year as disclosed in the annual report, against $153M of cash and investments now.

Where the cash came from and went

Advanced Drainage Systems: sources (+) and uses (−) of cash, Q1 FY27Advanced Drainage Systems: sources (+) and uses (−) of cash, Q1 FY27Operating cash flow$260MBuybacks−$233MCash drawn (+) / kept (−)$63.1MCapital spending−$57.2MDividends−$15.3MTaxes on employees’ shares−$10.7MNet borrowing (+) / repaid (−)−$9.5MOther investing$2.1MShares issued$475KOther financing−$299KExchange rates$112K

From profit to cash

Advanced Drainage Systems: net income to operating cash flow, Q1 FY27Advanced Drainage Systems: net income to operating cash flow, Q1 FY27Net income$171MDepreciation & amortization$62.2MStock-based pay$13.3MDeferred taxes$1.2MGains on disposals$2.6MOther non-cash$1.9MReceivables−$70.2MInventory−$19.9MPayables$83.3MPrepaid and other assets−$4.2MOperating cash flow$260M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q1 FY27$260M−$57.2M—−$233M−$15.3M−$9.5M$475K$63.1M$203M
Q4 FY26$39.9M−$53.0M−$973M−$92.0M−$14.0M−$9.4M$1.8M$777M−$13.1M
Q3 FY26$269M−$85.7M——−$14.0M−$14.1M$3.6M−$192M$184M
Q2 FY26$235M−$58.4M$1.0M—−$14.1M−$8.8M$933K−$175M$176M
Q1 FY26$275M−$52.6M−$19.6M—−$14.0M−$8.3M$549K−$175M$222M
Q4 FY25$41.2M−$46.5M——−$12.4M−$7.7M$1.0M$25.5M−$5.3M
Q3 FY25$190M−$54.2M−$237M—−$12.4M−$6.1M$233K$124M$136M

Advanced Drainage Systems: income statement and cash flow

Advanced Drainage Systems, Q2 FY27: revenue $889M (+5% year over year), operating margin 21.9%. The chart follows the revenue to costs, profit and cash.

Advanced Drainage Systems: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.