Badger Meter Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	130.57	141.63	124.94	92.6	66.5	60.88
Depreciation & Amortization	35.36	34.58	32.19	28.11	26.24	27.86
Stock-Based Compensation	9.53	9.19	6.18	5.19	3.15	2.33
Other Adjustments	0.1	-0.72	-11.23	-9.99	-6.27	-3.29
Change in Receivables	2.18	-20.12	-1.44	-6.35	-11.33	-1.24
Changes in Inventories	-24.56	-0.99	10.32	-32.47	-21.02	-13.63
Changes in Accounts Payable	32.37	14.4	-12.16	8.51	28.01	7.01
Changes in Other Operating Activities	-0.13	5.71	6.24	24.52	-2.83	7.59
Operating Cash Flow	184.56	183.7	155.03	110.12	82.45	87.51
Operating Cash Flow Growth	10.78%	18.49%	40.79%	33.55%	-5.78%	-2.31%
Capital Expenditures	-15.49	-14.03	-12.82	-12	-5.89	-6.75
Payments for Business Acquisitions	0.91	-184.02	-3	-17.13	-	-45.27
Other Investing Activities	-	-	-	-	-	0.6
Investing Cash Flow	-14.57	-198.05	-15.82	-29.13	-5.89	-51.42
Issuance of Common Stock	0.63	0.55	0.75	0.97	0.7	2.11
Repurchase of Common Stock	-38.21	-15	-	-	-0.43	-0.46
Net Common Stock Issued (Repurchased)	-37.59	-14.45	0.75	0.97	0.28	1.65
Common Dividends Paid	-45.22	-43.53	-35.85	-29.05	-24.88	-22.16
Financing Cash Flow	-97.81	-57.98	-35.1	-28.09	-24.61	-20.51
Effect of Exchange Rate Changes on Cash and Cash Equivalents	1.92	3.04	-0.6	0.83	-1.08	-0.68
Net Cash Flow	74.1	-69.29	103.52	53.73	50.88	14.9
Free Cash Flow	169.08	169.67	142.22	98.11	76.56	80.76
Free Cash Flow Growth	-0.35%	19.31%	44.95%	28.15%	-5.21%	0.30%
FCF Margin	18.85%	18.51%	17.21%	13.94%	13.54%	15.99%
Free Cash Flow Per Share	5.73	5.74	4.82	3.33	2.61	2.75
Levered Free Cash Flow	158.12	181.32	148.71	109.27	91.01	82.96
Unlevered Free Cash Flow	154.34	177.38	142.28	106.29	90.69	83.04

SEC Filings: 10-K · 10-Q