Badger Meter Inc. (BMI) Financial Statements (2024 and earlier)

Company Profile

Business Address 4545 WEST BROWN DEER ROAD
MILWAUKEE, WI 53223
State of Incorp. WI
Fiscal Year End December 31
Industry (SIC) 3824 - Totalizing Fluid Meters and Counting Devices (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

6/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments191,782138,05287,17472,27348,87113,086
Cash and cash equivalents191,782138,05287,17472,27348,87113,086
Receivables83,50776,65165,86661,68961,36566,300
Inventory, net of allowances, customer advances and progress billings153,674119,85699,61181,58681,94880,804
Inventory153,674119,85699,61181,58681,94880,804
Other undisclosed current assets13,21413,2738,7095,3037,9104,469
Total current assets:442,177347,832261,360220,851200,094164,659
Noncurrent Assets
Operating lease, right-of-use asset     ✕
Property, plant and equipment73,87873,54278,05082,70585,76190,321
Intangible assets, net (including goodwill)166,900154,868168,489142,306119,421126,676
Goodwill113,163101,261104,31388,70871,25871,258
Intangible assets, net (excluding goodwill)53,73753,60764,17653,59848,16355,418
Deferred income tax assets22,71512,7577,5295,090 ✕
Other noncurrent assets11,24914,04815,39017,42815,8758,872
Deferred tax assets, net✕✕✕✕✕✕2,163
Other undisclosed noncurrent assets    742 
Total noncurrent assets:274,742255,215269,458247,529221,799228,032
TOTAL ASSETS:716,919603,047530,818468,380421,893392,691
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities122,780101,55975,37161,15749,86041,955
Taxes payable✕✕✕   1,512
Employee-related liabilities✕✕✕20,64414,61712,75413,768
Accounts payable81,80771,44041,85934,92331,52322,469
Accrued liabilities40,97330,11912,86811,6175,5834,206
Debt     4,48018,060
Other liabilities9,1688,7536,7754,0422,907 
Total current liabilities:131,948110,31282,14665,19957,24760,015
Noncurrent Liabilities
Liabilities, other than long-term debt68,48950,31345,60241,92232,70229,173
Deferred revenue49,763    ✕
Deferred tax liabilities, net✕✕✕✕✕✕3,332
Deferred income tax liabilities5,0614,6485,3855,696 ✕
Liability, pension and other postretirement and postemployment benefits8,9077,85710,41310,9439,72211,869
Other liabilities4,75837,80829,80425,28322,98013,972
Total noncurrent liabilities:68,48950,31345,60241,92232,70229,173
Total liabilities:200,437160,625127,748107,12189,94989,188
Equity
Equity, attributable to parent516,482442,422403,070361,259331,068303,503
Common stock37,22137,22137,22137,22137,20037,198
Treasury stock, value(36,997)(37,253)(37,046)(37,089)(34,238)(29,364)
Additional paid in capital59,18553,28249,22444,96441,95638,082
Accumulated other comprehensive income (loss)(1,646)(5,983)1361,313425580
Retained earnings458,719395,155353,535314,850285,879257,313
Unearned esop shares     (154)(306)
Total equity:516,482442,422403,070361,259331,068303,503
Other undisclosed liabilities and equity     876 
TOTAL LIABILITIES AND EQUITY:716,919603,047530,818468,380421,893392,691

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues703,592565,568505,198425,544424,625433,732
Cost of revenue
(Cost of Goods and Services Sold)		(427,154)(345,598)(299,714)(257,295)(261,097)(271,383)
Gross profit:276,438219,970205,484168,249163,528162,349
Operating expenses(158,389)(132,675)(126,761)(103,093)(101,380)(105,480)
Operating income:118,04987,29578,72365,15662,14856,869
Other undisclosed loss from continuing operations before equity method investments, income taxes    (175)(541)(21,017)
Income from continuing operations before equity method investments, income taxes:118,04987,29578,72364,98161,60735,852
Other undisclosed income (loss) from continuing operations before income taxes3,917422(100)   
Income from continuing operations before income taxes:121,96687,71778,62364,98161,60735,852
Income tax expense(29,368)(21,221)(17,739)(15,638)(14,430)(8,062)
Income from continuing operations:92,59866,49660,88449,34347,17727,790
Income before gain (loss) on sale of properties:✕✕✕60,88449,34347,17727,790
Net income available to common stockholders, diluted:92,59866,49660,88449,34347,17727,790

Comprehensive Income ($ in thousands)
Annual | Quarterly

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:92,59866,49660,88449,34347,17727,790
Other comprehensive loss   (1,177)   
Comprehensive income:92,59866,49659,70749,34347,17727,790
Other undisclosed comprehensive income (loss), net of tax, attributable to parent4,337(6,119) 888(155)13,173
Comprehensive income, net of tax, attributable to parent:96,93560,37759,70750,23147,02240,963

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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