Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Sep. 30, 2019
ASSETS
Current assets	$ 642,722	$ 637,293
Cash and cash equivalents	142,737	109,881
Receivables, net	242,898	257,585
Inventories, net	159,446	137,164
Contract assets	77,590	73,467
Prepaid and other current assets	20,051	21,940
Assets held for sale	0	37,256
Property, plant, and equipment, net	356,424	333,584
Goodwill	393,427	392,890
Intangible assets, net	316,299	314,767
Deferred income taxes, net of valuation allowance	4,170	2,790
Operating lease right-of-use assets, net	39,427	0
Other non‑current assets	25,427	25,715
Non-current assets held for sale	0	30,809
Total assets	1,777,896	1,737,848
LIABILITIES AND EQUITY
Current liabilities	335,292	322,221
Accounts payable	154,322	144,247
Current portion of debt	14,611	13,418
Contract liabilities	30,841	39,051
Product warranties	5,246	4,922
Accrued expenses and other liabilities	124,016	101,839
Income tax payable	6,256	4,536
Liabilities held for sale	0	14,208
Non‑current liabilities	995,274	1,049,805
Long-term debt, net of deferred financing fees	855,359	951,599
Product warranties	1,600	2,332
Obligation under operating leases	31,008	0
Other non‑current liabilities	93,909	78,661
Deferred income taxes	13,398	13,548
Non-current liabilities held for sale	0	3,665
Total liabilities	1,330,566	1,372,026
Commitments and Contingent Liabilities (Note 20)
Shareholders’ equity
Common stock, par value $0.01: authorized 1,000,000 shares; issued 119,322 shares, outstanding 117,127 at June 30, 2020; issued 116,008, outstanding 114,344 shares at September 30, 2019	1,187	1,154
Treasury stock: 2,195 shares at June 30, 2020 and 1,664 shares at September 30, 2019	(2,837)	(2,837)
Additional paid-in capital	578,842	552,422
Retained deficit	(93,972)	(174,976)
Accumulated other comprehensive loss, net of tax	(38,019)	(13,004)
Total Evoqua Water Technologies Corp. equity	445,201	362,759
Non-controlling interest	2,129	3,063
Total shareholders’ equity	447,330	365,822
Total liabilities and shareholders’ equity	$ 1,777,896	$ 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).