Badger Meter, Inc. (BMI) Financial Statements (2023 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)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 87,174 | 72,273 | 48,871 | 13,086 | 11,164 | 7,338 | 8,163 | ||
| Cash and cash equivalents | 87,174 | 72,273 | 48,871 | 13,086 | 11,164 | 7,338 | 8,163 | ||
| Receivables | 65,866 | 61,689 | 61,365 | 66,300 | 58,210 | 59,818 | 56,643 | ||
| Inventory, net of allowances, customer advances and progress billings | 99,611 | 81,586 | 81,948 | 80,804 | 85,172 | 77,701 | 78,596 | ||
| Inventory | 99,611 | 81,586 | 81,948 | 80,804 | 85,172 | 77,701 | 78,596 | ||
| Other undisclosed current assets | 8,709 | 5,303 | 7,910 | 4,469 | 4,077 | 6,155 | 5,926 | ||
| Total current assets: | 261,360 | 220,851 | 200,094 | 164,659 | 158,623 | 151,012 | 149,328 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 78,050 | 82,705 | 85,761 | 90,321 | 93,601 | 90,194 | 90,920 | ||
| Intangible assets, net (including goodwill) | 168,489 | 142,306 | 119,421 | 126,676 | 126,750 | 101,186 | 105,326 | ||
| Goodwill | 104,313 | 88,708 | 71,258 | 71,258 | 67,424 | 49,314 | 47,978 | ||
| Intangible assets, net (excluding goodwill) | 64,176 | 53,598 | 48,163 | 55,418 | 59,326 | 51,872 | 57,348 | ||
| Deferred income tax assets | 7,529 | 5,090 | ✕ | ✕ | ✕ | ✕ | |||
| Other noncurrent assets | 15,390 | 17,428 | 15,875 | 8,872 | 9,897 | 6,607 | 8,485 | ||
| Deferred tax assets, net | ✕ | ✕ | ✕ | 2,163 | |||||
| Other undisclosed noncurrent assets | 742 | 2,856 | 700 | 1,421 | |||||
| Total noncurrent assets: | 269,458 | 247,529 | 221,799 | 228,032 | 233,104 | 198,687 | 206,152 | ||
| TOTAL ASSETS: | 530,818 | 468,380 | 421,893 | 392,691 | 391,727 | 349,699 | 355,480 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 75,371 | 61,157 | 49,860 | 41,955 | 48,559 | 37,888 | 33,184 | ||
| Accounts payable | 41,859 | 34,923 | 31,523 | 22,469 | 28,601 | 18,350 | 19,155 | ||
| Accrued liabilities | 12,868 | 11,617 | 5,583 | 4,206 | 3,367 | 2,779 | 3,133 | ||
| Employee-related liabilities | 20,644 | 14,617 | 12,754 | 13,768 | 15,509 | 13,861 | 9,663 | ||
| Taxes payable | 1,512 | 1,082 | 2,898 | 1,233 | |||||
| Debt | 4,480 | 18,060 | 44,550 | 37,950 | 71,360 | ||||
| Other liabilities | 6,775 | 4,042 | 2,907 | ||||||
| Total current liabilities: | 82,146 | 65,199 | 57,247 | 60,015 | 93,109 | 75,838 | 104,544 | ||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 45,602 | 41,922 | 32,702 | 29,173 | 17,732 | 17,652 | 18,661 | ||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 3,332 | 1,901 | 774 | |||
| Deferred income tax liabilities | 5,385 | 5,696 | ✕ | ✕ | ✕ | ✕ | |||
| Liability, pension and other postretirement and postemployment benefits | 10,413 | 10,943 | 9,722 | 11,869 | 13,659 | 11,732 | 13,078 | ||
| Other liabilities | 29,804 | 25,283 | 22,980 | 13,972 | 4,073 | 4,019 | 4,809 | ||
| Total noncurrent liabilities: | 45,602 | 41,922 | 32,702 | 29,173 | 17,732 | 17,652 | 18,661 | ||
| Total liabilities: | 127,748 | 107,121 | 89,949 | 89,188 | 110,841 | 93,490 | 123,205 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 403,070 | 361,259 | 331,068 | 303,503 | 277,452 | 256,209 | 232,275 | ||
| Common stock | 37,221 | 37,221 | 37,200 | 37,198 | 37,165 | 37,122 | 20,551 | ||
| Treasury stock, value | (37,046) | (37,089) | (34,238) | (29,364) | (24,766) | (20,562) | (30,950) | ||
| Additional paid in capital | 49,224 | 44,964 | 41,956 | 38,082 | 32,182 | 28,022 | 52,178 | ||
| Accumulated other comprehensive income (loss) | 136 | 1,313 | 425 | 580 | (10,893) | (11,635) | (12,780) | ||
| Retained earnings | 353,535 | 314,850 | 285,879 | 257,313 | 244,224 | 223,876 | 204,044 | ||
| Unearned esop shares | (154) | (306) | (460) | (614) | (768) | ||||
| Total stockholders' equity: | 403,070 | 361,259 | 331,068 | 303,503 | 277,452 | 256,209 | 232,275 | ||
| Other undisclosed liabilities and equity | 876 | 3,434 | |||||||
| TOTAL LIABILITIES AND EQUITY: | 530,818 | 468,380 | 421,893 | 392,691 | 391,727 | 349,699 | 355,480 | ||
Income Statement (P&L) ($ in thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 505,198 | 425,544 | 424,625 | 433,732 | 402,440 | 393,761 | 377,698 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 402,440 | 393,761 | 377,698 | |
| Cost of revenue (Cost of Goods and Services Sold) | (299,714) | (257,295) | (261,097) | (271,383) | (246,694) | (243,185) | (241,922) | |
| Gross profit: | 205,484 | 168,249 | 163,528 | 162,349 | 155,746 | 150,576 | 135,776 | |
| Operating expenses | (126,761) | (103,093) | (101,380) | (105,480) | (100,124) | (99,811) | (93,407) | |
| Operating income: | 78,723 | 65,156 | 62,148 | 56,869 | 55,622 | 50,765 | 42,369 | |
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (175) | (541) | (21,017) | (789) | (921) | (1,217) | ||
| Income from continuing operations before equity method investments, income taxes: | 78,723 | 64,981 | 61,607 | 35,852 | 54,833 | 49,844 | 41,152 | |
| Other undisclosed loss from continuing operations before income taxes | (100) | |||||||
| Income from continuing operations before income taxes: | 78,623 | 64,981 | 61,607 | 35,852 | 54,833 | 49,844 | 41,152 | |
| Income tax expense | (17,739) | (15,638) | (14,430) | (8,062) | (20,262) | (17,549) | (15,214) | |
| Net income available to common stockholders, diluted: | 60,884 | 49,343 | 47,177 | 27,790 | 34,571 | 32,295 | 25,938 | |
Comprehensive Income ($ in thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 60,884 | 49,343 | 47,177 | 27,790 | 34,571 | 32,295 | 25,938 | |
| Other comprehensive income (loss) | (1,177) | 1,145 | (924) | |||||
| Comprehensive income: | 59,707 | 49,343 | 47,177 | 27,790 | 34,571 | 33,440 | 25,014 | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 888 | (155) | 13,173 | 742 | ||||
| Comprehensive income, net of tax, attributable to parent: | 59,707 | 50,231 | 47,022 | 40,963 | 35,313 | 33,440 | 25,014 | |
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.