← BADGER METER INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $32.3m |
$34.6m
+7.05%
|
$27.8m
-19.61%
|
$47.2m
+69.76%
|
$49.3m
+4.59%
|
$60.9m
+23.39%
|
$66.5m
+9.22%
|
$92.6m
+39.25%
|
$124.9m
+34.93%
|
$141.6m
+13.36%
|
— | |
| Amortization | $11.7m | $12.3m | $13.0m | $12.6m | $13.0m | $16.6m | $15.2m | $17.2m | $21.1m | $23.5m | $25.4m | |
| Amortization of Intangible Assets | $6.1m | $6.8m | $7.5m | $7.2m | $7.2m | $10.0m | $8.6m | $8.6m | $9.1m | $14.7m | — | |
| Depreciation | $10.7m | $12.1m | $11.4m | $11.6m | $12.3m | $11.3m | $11.1m | $10.9m | $11.1m | $11.1m | $11.0m | |
| Deferred Income Tax Expense (Benefit) | $710k | ($4.1m) | ($5.3m) | ($1.5m) | ($3.1m) | ($3.1m) | ($5.6m) | ($9.7m) | ($11.1m) | ($854k) | ($854k) | |
| Share-based Payment Arrangement, Noncash Expense | $1.5m | $1.7m | $4.2m | $1.2m | $1.4m | $2.3m | $3.1m | $5.2m | $6.2m | $9.2m | $10.1m | |
| Share-based Payment Arrangement, Expense | $1.6m | $1.8m | $4.2m | — | — | — | — | — | — | — | $10.1m | |
| Goodwill, Impairment Loss | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $3.6m | $967k | $8.0m | ($5.5m) | ($3.0m) | $1.2m | $11.3m | $6.4m | $1.4m | $20.1m | ($3.4m) | |
| Increase (Decrease) in Inventories | ($955k) | $6.2m | ($4.9m) | $1.2m | ($5.1m) | $13.6m | $21.0m | $32.5m | ($10.3m) | $987k | ($26.2m) | |
| Increase (Decrease) in Accounts Payable | — | — | — | $11.6m | ($391k) | $7.0m | $28.0m | $8.5m | ($12.2m) | $14.4m | — | |
| Net Cash Provided by (Used in) Operating Activities | $56.2m |
$49.8m
-11.45%
|
$60.4m
+21.30%
|
$80.7m
+33.74%
|
$89.6m
+10.98%
|
$87.5m
-2.31%
|
$82.5m
-5.78%
|
$110.1m
+33.55%
|
$155.0m
+40.79%
|
$183.7m
+18.49%
|
$166.7m
-9.26%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $10.6m | $15.1m | $8.6m | $7.5m | $9.1m | $6.7m | $5.9m | $12.0m | $12.8m | $14.0m | ($16.4m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $1.8m | $20.4m | $8.0m | — | $29.1m | $45.3m | — | $17.1m | $3.0m | $184.0m | ($94.4m) | |
| Net Cash Provided by (Used in) Investing Activities | ($12.4m) | ($35.4m) | ($16.7m) | ($7.5m) | ($38.2m) | ($51.4m) | ($5.9m) | ($29.1m) | ($15.8m) | ($198.1m) | ($110.8m) | |
| Cash flows from financing activities: | ||||||||||||
| Payments for Repurchase of Common Stock | $0 | $4.4m | $4.8m | $5.2m | $3.1m | $460k | $427k | $0 | $0 | $15.0m | — | |
| Payments of Ordinary Dividends, Common Stock | $12.5m | $14.2m | $16.3m | $18.6m | $20.3m | $22.2m | $24.9m | $29.1m | $35.8m | $43.5m | ($46.8m) | |
| Net Cash Provided by (Used in) Financing Activities | ($44.5m) |
($10.4m)
+76.56%
|
($42.1m)
-304.18%
|
($37.7m)
+10.51%
|
($27.8m)
+26.23%
|
($20.5m)
+26.28%
|
($24.6m)
-19.98%
|
($28.1m)
-14.14%
|
($35.1m)
-24.96%
|
($58.0m)
-65.20%
|
($125.1m)
-115.84%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $3.8m | $1.9m | $35.8m | $23.4m | $14.9m | $50.9m | $53.7m | $103.5m | ($69.3m) | $96.0m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $1.2m | $268k | $91k | $118k | — | — | $0 | $0 | — | |
| Income Taxes Paid, Net | — | — | — | — | — | — | — | — | — | $48.8m | — | |
| Additional Financial Items | ||||||||||||
| Goodwill | $49.3m | $67.4m | $71.3m | $71.3m | $88.7m | $104.3m | $101.3m | $113.2m | $111.8m | $235.6m | — | |
| Income Tax Expense (Benefit) | $17.5m | $20.3m | $8.1m | $14.4m | $15.6m | $17.7m | $21.2m | $29.4m | $41.6m | $47.0m | — | |
| Operating Lease, Expense | — | — | — | $3.1m | $2.9m | $3.0m | $3.4m | $3.4m | $3.6m | $4.5m | — | |
| Proceeds from Stock Options Exercised | $568k | $1.2m | $1.4m | $2.0m | $1.1m | $2.0m | $703k | $967k | $751k | $554k | — |