Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2019	Sep. 30, 2018
ASSETS
Current assets	$ 637,293	$ 565,560
Cash and cash equivalents	109,881	82,365
Receivables, net	257,585	254,756
Inventories, net	137,164	134,988
Contract assets	73,467	69,147
Prepaid and other current assets	21,940	23,854
Income tax receivable	0	450
Assets held for sale	37,256	0
Property, plant, and equipment, net	333,584	320,023
Goodwill	392,890	411,346
Intangible assets, net	314,767	340,408
Deferred income taxes, net of valuation allowance	2,790	2,438
Other non‑current assets	25,715	23,842
Non-current assets held for sale	30,809	0
Total assets	1,737,848	1,663,617
LIABILITIES AND EQUITY
Current liabilities	322,221	284,719
Accounts payable	144,247	141,140
Current portion of debt, net of deferred financing fees	13,418	11,555
Contract liabilities	39,051	17,652
Product warranties	4,922	8,907
Accrued expenses and other liabilities	101,839	97,672
Income tax payable	4,536	7,793
Liabilities held for sale	14,208	0
Non‑current liabilities	1,049,805	1,016,882
Long‑term debt, net of deferred financing fees	951,599	928,075
Product warranties	2,332	3,360
Other non‑current liabilities	78,661	74,352
Deferred income taxes, net of valuation allowance	13,548	11,095
Non-current liabilities held for sale	3,665	0
Total liabilities	1,372,026	1,301,601
Commitments and Contingent Liabilities (Note 21)
Shareholders’ equity
Common stock, par value $0.01: authorized 1,000,000 shares; issued 116,008 shares, outstanding 114,344 at September 30, 2019; issued 115,016, outstanding 113,929 shares at September 30, 2018	1,154	1,145
Treasury stock: 1,664 shares at September 30, 2019 and 1,087 shares at September 30, 2018	(2,837)	(2,837)
Additional paid‑in capital	552,422	533,435
Retained deficit	(174,976)	(163,871)
Accumulated other comprehensive loss, net of tax	(13,004)	(9,017)
Total Evoqua Water Technologies Corp. equity	362,759	358,855
Non‑controlling interest	3,063	3,161
Total shareholders’ equity	365,822	362,016
Total liabilities and shareholders’ equity	$ 1,737,848	$ 1,663,617

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).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).