v3.24.3

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2024	Mar. 31, 2024
Current assets:
Cash	$ 613,020	$ 490,163
Receivables (less allowance for doubtful accounts of $4,769 and $4,849, respectively)	357,636	323,576
Inventories	487,232	464,200
Other current assets	34,032	22,028
Total current assets	1,491,920	1,299,967
Property, plant and equipment, net	955,434	876,351
Other assets:
Goodwill	617,147	617,183
Intangible assets, net	328,924	352,652
Other assets	142,325	122,760
Total assets	3,535,750	3,268,913
Current liabilities:
Current maturities of debt obligations	11,130	11,870
Current maturities of finance lease obligations	26,233	18,015
Accounts payable	273,293	254,401
Other accrued liabilities	152,091	154,260
Accrued income taxes	4,590	1,076
Total current liabilities	467,337	439,622
Long-term debt obligations (less unamortized debt issuance costs of $8,737 and $9,759, respectively)	1,255,118	1,259,522
Long-term finance lease obligations	90,272	61,661
Deferred tax liabilities	154,574	156,705
Other liabilities	76,183	70,704
Total liabilities	2,043,484	1,988,214
Commitments and contingencies (see Note 8)
Mezzanine equity:
Redeemable common stock: $0.01 par value; 6,045 and 6,682 shares outstanding, respectively	98,231	108,584
Total mezzanine equity	98,231	108,584
Stockholders’ equity:
Common stock; $0.01 par value: 1,000,000 shares authorized; 83,359 and 82,283 shares issued, respectively; 71,463 and 70,868 shares outstanding, respectively	11,690	11,679
Paid-in capital	1,255,794	1,219,834
Common stock in treasury, at cost	(1,219,438)	(1,140,578)
Accumulated other comprehensive loss	(30,689)	(29,830)
Retained earnings	1,359,100	1,092,208
Total ADS stockholders’ equity	1,376,457	1,153,313
Noncontrolling interest in subsidiaries	17,578	18,802
Total stockholders’ equity	1,394,035	1,172,115
Total liabilities, mezzanine equity and stockholders’ equity	$ 3,535,750	$ 3,268,913

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

ADVANCED DRAINAGE SYSTEMS, INC. 10-Q