SCHEDULE I - Evoqua Water Technologies Corp. (Tables)

12 Months Ended

Sep. 30, 2021

Condensed Financial Information Disclosure [Abstract]

Condensed Balance Sheet

Condensed Consolidated Balance Sheets

(In thousands)

	September 30, 2021		September 30, 2020
ASSETS
Current assets	$	51,777	$	10,871
Due from affiliates	39,982		5,821
Cash and cash equivalents	11,681		4,972
Prepaid and other current assets	114		78
Investment in affiliate	517,479		489,745
Total assets	$	569,256	$	500,616
LIABILITIES AND EQUITY
Due to affiliates	—		—
Total liabilities	$	—	$	—
Common stock, par value $0.01: authorized 1,000,000 shares; issued 122,173 shares, outstanding 120,509 at September 30, 2021; issued 119,486 shares, outstanding 117,291 at September 30, 2020	1,223		1,189
Treasury stock: 1,664 shares at September 30, 2021 and 2,195 shares at September 30, 2020	(2,837)		(2,837)
Additional paid‑in capital	582,052		564,928
Retained deficit	(11,182)		(62,664)
Total shareholders’ equity	$	569,256	$	500,616
Total liabilities and shareholder’s equity	$	569,256	$	500,616

Condensed Income Statement

Condensed Statements of Operations

(In thousands)

	Year Ended September 30,
	2021		2020		2019
Other operating (expense) income	$	(1,073)	$	16	$	73
General and administrative expense	(426)		(476)		(303)
Net income (loss) of subsidiaries	52,981		114,109		(9,293)
Income (loss) before taxes	51,482		113,649		(9,523)
Benefit for income taxes	—		—		—
Net income (loss)	$	51,482	$	113,649	$	(9,523)

Condensed Cash Flow Statement

Condensed Statements of Changes in Cash Flows

(Parent company only)

(In thousands)

	Year Ended September 30,
	2021		2020		2019
Operating activities
Net income (loss)	$	51,482	$	113,649	$	(9,523)
Adjustments to reconcile net income (loss) to net cash used in operating activities
Net (income) loss of subsidiaries	(52,981)		(114,109)		9,293
Foreign currency exchange gains on intercompany loans	—		(15)		—
Changes in assets and liabilities
Due from affiliates	(11,638)		5,842		—
Due to affiliates	—		(9,747)		1,343
Accrued expenses	—		160		—
Prepaids and other current assets	(36)		(24)		(161)
Net cash (used in) provided by operating activities	$	(13,173)	$	(4,244)	$	952
Investing activities
Contributed capital	$	—	$	—	$	—
Net cash used in investing activities	$	—	$	—	$	—
Financing activities
Proceeds from issuance of common stock	$	21,205	$	18,927	$	363
Taxes paid related to net share settlements of share-based compensation awards	(1,323)		(9,832)		(1,270)
Net cash provided by (used in) financing activities	$	19,882	$	9,095	$	(907)
Change in cash and cash equivalents	$	6,709	$	4,851	$	45
Cash and cash equivalents
Beginning of period	4,972		121		76
End of period	$	11,681	$	4,972	$	121