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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments138,05287,17472,27348,87113,08611,164
Cash and cash equivalents138,05287,17472,27348,87113,08611,164
Receivables76,65165,86661,68961,36566,30058,210
Inventory, net of allowances, customer advances and progress billings119,85699,61181,58681,94880,80485,172
Inventory119,85699,61181,58681,94880,80485,172
Other undisclosed current assets13,2738,7095,3037,9104,4694,077
Total current assets:347,832261,360220,851200,094164,659158,623
Noncurrent Assets
Property, plant and equipment73,54278,05082,70585,76190,32193,601
Intangible assets, net (including goodwill)154,868168,489142,306119,421126,676126,750
Goodwill101,261104,31388,70871,25871,25867,424
Intangible assets, net (excluding goodwill)53,60764,17653,59848,16355,41859,326
Deferred income tax assets12,7577,5295,090 
Other noncurrent assets14,04815,39017,42815,8758,8729,897
Deferred tax assets, net2,163 
Other undisclosed noncurrent assets    742 2,856
Total noncurrent assets:255,215269,458247,529221,799228,032233,104
TOTAL ASSETS:603,047530,818468,380421,893392,691391,727
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities101,55975,37161,15749,86041,95548,559
Taxes payable   1,5121,082
Employee-related liabilities20,64414,61712,75413,76815,509
Accounts payable71,44041,85934,92331,52322,46928,601
Accrued liabilities30,11912,86811,6175,5834,2063,367
Debt    4,48018,06044,550
Other liabilities8,7536,7754,0422,907  
Total current liabilities:110,31282,14665,19957,24760,01593,109
Noncurrent Liabilities
Liabilities, other than long-term debt50,31345,60241,92232,70229,17317,732
Deferred tax liabilities, net3,332 
Deferred income tax liabilities4,6485,3855,696 
Liability, pension and other postretirement and postemployment benefits7,85710,41310,9439,72211,86913,659
Other liabilities37,80829,80425,28322,98013,9724,073
Total noncurrent liabilities:50,31345,60241,92232,70229,17317,732
Total liabilities:160,625127,748107,12189,94989,188110,841
Equity
Equity, attributable to parent442,422403,070361,259331,068303,503277,452
Common stock37,22137,22137,22137,20037,19837,165
Treasury stock, value(37,253)(37,046)(37,089)(34,238)(29,364)(24,766)
Additional paid in capital53,28249,22444,96441,95638,08232,182
Accumulated other comprehensive income (loss)(5,983)1361,313425580(10,893)
Retained earnings395,155353,535314,850285,879257,313244,224
Unearned esop shares    (154)(306)(460)
Total equity:442,422403,070361,259331,068303,503277,452
Other undisclosed liabilities and equity    876 3,434
TOTAL LIABILITIES AND EQUITY:603,047530,818468,380421,893392,691391,727

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues565,568505,198425,544424,625433,732402,440
Revenue, net402,440
Cost of revenue
(Cost of Goods and Services Sold)
(345,598)(299,714)(257,295)(261,097)(271,383)(246,694)
Gross profit:219,970205,484168,249163,528162,349155,746
Operating expenses(132,675)(126,761)(103,093)(101,380)(105,480)(100,124)
Operating income:87,29578,72365,15662,14856,86955,622
Other undisclosed loss from continuing operations before equity method investments, income taxes   (175)(541)(21,017)(789)
Income from continuing operations before equity method investments, income taxes:87,29578,72364,98161,60735,85254,833
Other undisclosed income (loss) from continuing operations before income taxes422(100)    
Income from continuing operations before income taxes:87,71778,62364,98161,60735,85254,833
Income tax expense(21,221)(17,739)(15,638)(14,430)(8,062)(20,262)
Income from continuing operations:66,49660,88449,34347,17727,79034,571
Income before gain (loss) on sale of properties:60,88449,34347,17727,79034,571
Net income available to common stockholders, diluted:66,49660,88449,34347,17727,79034,571

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:66,49660,88449,34347,17727,79034,571
Other comprehensive loss  (1,177)    
Comprehensive income:66,49659,70749,34347,17727,79034,571
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(6,119) 888(155)13,173742
Comprehensive income, net of tax, attributable to parent:60,37759,70750,23147,02240,96335,313

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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