Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2022	Sep. 30, 2021
ASSETS
Current assets	$ 777,532	$ 678,458
Cash and cash equivalents	129,500	146,244
Receivables, net	283,092	277,995
Inventories, net	216,933	158,503
Contract assets	99,502	72,746
Prepaid and other current assets	47,923	21,871
Income tax receivable	582	1,099
Property, plant, and equipment, net	395,290	374,988
Goodwill	476,259	407,376
Intangible assets, net	328,024	290,075
Deferred income taxes, net of valuation allowance	7,769	8,285
Operating lease right-of-use assets, net	49,395	45,521
Other non‑current assets	98,292	64,188
Total assets	2,132,561	1,868,891
LIABILITIES AND EQUITY
Current liabilities	430,839	405,989
Accounts payable	191,122	164,535
Current portion of debt, net of deferred financing fees and discounts	14,219	12,775
Contract liabilities	55,593	55,883
Product warranties	7,498	8,138
Accrued expenses and other liabilities	158,510	160,367
Income tax payable	3,897	4,291
Non‑current liabilities	1,063,651	880,683
Long-term debt, net of deferred financing fees and discounts	920,343	730,430
Product warranties	3,191	2,966
Obligation under operating leases	39,995	37,935
Other non‑current liabilities	83,418	92,909
Deferred income taxes	16,704	16,443
Total liabilities	1,494,490	1,286,672
Commitments and Contingent Liabilities (Note 19)
Shareholders’ equity
Common stock, par value $0.01: authorized 1,000,000 shares; issued 122,766 shares, outstanding 121,102 at March 31, 2022; issued 122,173 shares, outstanding 120,509 at September 30, 2021	1,229	1,223
Treasury stock: 1,664 shares at March 31, 2022 and 1,664 shares at September 30, 2021	(2,837)	(2,837)
Additional paid-in capital	592,105	582,052
Retained earnings (deficit)	2,135	(11,182)
Accumulated other comprehensive income, net of tax	43,846	11,415
Total Evoqua Water Technologies Corp. equity	636,478	580,671
Non-controlling interest	1,593	1,548
Total shareholders’ equity	638,071	582,219
Total liabilities and shareholders’ equity	$ 2,132,561	$ 1,868,891