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 investments87,17472,27348,87113,08611,1647,3388,163
Cash and cash equivalents87,17472,27348,87113,08611,1647,3388,163
Receivables65,86661,68961,36566,30058,21059,81856,643
Inventory, net of allowances, customer advances and progress billings99,61181,58681,94880,80485,17277,70178,596
Inventory99,61181,58681,94880,80485,17277,70178,596
Other undisclosed current assets8,7095,3037,9104,4694,0776,1555,926
Total current assets:261,360220,851200,094164,659158,623151,012149,328
Noncurrent Assets
Property, plant and equipment78,05082,70585,76190,32193,60190,19490,920
Intangible assets, net (including goodwill)168,489142,306119,421126,676126,750101,186105,326
Goodwill104,31388,70871,25871,25867,42449,31447,978
Intangible assets, net (excluding goodwill)64,17653,59848,16355,41859,32651,87257,348
Deferred income tax assets7,5295,090 
Other noncurrent assets15,39017,42815,8758,8729,8976,6078,485
Deferred tax assets, net2,163   
Other undisclosed noncurrent assets  742 2,8567001,421
Total noncurrent assets:269,458247,529221,799228,032233,104198,687206,152
TOTAL ASSETS:530,818468,380421,893392,691391,727349,699355,480
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities75,37161,15749,86041,95548,55937,88833,184
Accounts payable41,85934,92331,52322,46928,60118,35019,155
Accrued liabilities12,86811,6175,5834,2063,3672,7793,133
Employee-related liabilities20,64414,61712,75413,76815,50913,8619,663
Taxes payable   1,5121,0822,8981,233
Debt  4,48018,06044,55037,95071,360
Other liabilities6,7754,0422,907    
Total current liabilities:82,14665,19957,24760,01593,10975,838104,544
Noncurrent Liabilities
Liabilities, other than long-term debt45,60241,92232,70229,17317,73217,65218,661
Deferred tax liabilities, net3,332 1,901774
Deferred income tax liabilities5,3855,696 
Liability, pension and other postretirement and postemployment benefits10,41310,9439,72211,86913,65911,73213,078
Other liabilities29,80425,28322,98013,9724,0734,0194,809
Total noncurrent liabilities:45,60241,92232,70229,17317,73217,65218,661
Total liabilities:127,748107,12189,94989,188110,84193,490123,205
Stockholders' equity
Stockholders' equity attributable to parent403,070361,259331,068303,503277,452256,209232,275
Common stock37,22137,22137,20037,19837,16537,12220,551
Treasury stock, value(37,046)(37,089)(34,238)(29,364)(24,766)(20,562)(30,950)
Additional paid in capital49,22444,96441,95638,08232,18228,02252,178
Accumulated other comprehensive income (loss)1361,313425580(10,893)(11,635)(12,780)
Retained earnings353,535314,850285,879257,313244,224223,876204,044
Unearned esop shares  (154)(306)(460)(614)(768)
Total stockholders' equity:403,070361,259331,068303,503277,452256,209232,275
Other undisclosed liabilities and equity  876 3,434  
TOTAL LIABILITIES AND EQUITY:530,818468,380421,893392,691391,727349,699355,480

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
Revenues505,198425,544424,625433,732402,440393,761377,698
Revenue, net402,440393,761377,698
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:205,484168,249163,528162,349155,746150,576135,776
Operating expenses(126,761)(103,093)(101,380)(105,480)(100,124)(99,811)(93,407)
Operating income:78,72365,15662,14856,86955,62250,76542,369
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:78,72364,98161,60735,85254,83349,84441,152
Other undisclosed loss from continuing operations before income taxes(100)      
Income from continuing operations before income taxes:78,62364,98161,60735,85254,83349,84441,152
Income tax expense(17,739)(15,638)(14,430)(8,062)(20,262)(17,549)(15,214)
Net income available to common stockholders, diluted:60,88449,34347,17727,79034,57132,29525,938

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:60,88449,34347,17727,79034,57132,29525,938
Other comprehensive income (loss)(1,177)    1,145(924)
Comprehensive income:59,70749,34347,17727,79034,57133,44025,014
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 888(155)13,173742  
Comprehensive income, net of tax, attributable to parent:59,70750,23147,02240,96335,31333,44025,014

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.

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