Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Sep. 30, 2019
ASSETS
Current assets	$ 682,218	$ 637,293
Cash and cash equivalents	194,903	109,881
Receivables, net	242,036	257,585
Inventories, net	148,784	137,164
Contract assets	73,909	73,467
Prepaid and other current assets	22,586	21,940
Assets held for sale	0	37,256
Property, plant, and equipment, net	339,135	333,584
Goodwill	397,006	392,890
Intangible assets, net	319,665	314,767
Deferred income taxes, net of valuation allowance	3,548	2,790
Operating lease right-of-use assets, net	42,532	0
Other non‑current assets	26,198	25,715
Non-current assets held for sale	0	30,809
Total assets	1,810,302	1,737,848
LIABILITIES AND EQUITY
Current liabilities	405,516	322,221
Accounts payable	134,808	144,247
Current portion of debt	113,707	13,418
Contract liabilities	43,634	39,051
Product warranties	5,131	4,922
Accrued expenses and other liabilities	101,656	101,839
Income tax payable	6,580	4,536
Liabilities held for sale	0	14,208
Non‑current liabilities	989,656	1,049,805
Long‑term debt, net of deferred financing fees	851,570	951,599
Product warranties	1,471	2,332
Obligation under operating leases	32,871	0
Other non‑current liabilities	90,346	78,661
Deferred income taxes	13,398	13,548
Non-current liabilities held for sale	0	3,665
Total liabilities	1,395,172	1,372,026
Commitments and Contingent Liabilities (Note 20)
Shareholders’ equity
Common stock, par value $0.01: authorized 1,000,000 shares; issued 117,653 shares, outstanding 115,570 at December 31, 2019; issued 116,008, outstanding 114,344 shares at September 30, 2019	1,170	1,154
Treasury stock: 2,083 shares at December 31, 2019 and 1,664 shares at September 30, 2019	(2,837)	(2,837)
Additional paid‑in capital	560,132	552,422
Retained deficit	(123,854)	(174,976)
Accumulated other comprehensive loss, net of tax	(21,655)	(13,004)
Total Evoqua Water Technologies Corp. equity	412,956	362,759
Non‑controlling interest	2,174	3,063
Total shareholders’ equity	415,130	365,822
Total liabilities and shareholders’ equity	$ 1,810,302	$ 1,737,848

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).