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	Jun '26 Jun 30, 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	125.71	141.63	124.94	92.6	66.5	60.88
Depreciation & Amortization	36.42	34.58	32.19	28.11	26.24	27.86
Stock-Based Compensation	10.13	9.19	6.18	5.19	3.15	2.33
Other Adjustments	0.15	-0.72	-11.23	-9.99	-6.27	-3.29
Change in Receivables	-3.37	-20.12	-1.44	-6.35	-11.33	-1.24
Changes in Inventories	-26.22	-0.99	10.32	-32.47	-21.02	-13.63
Changes in Accounts Payable	22.17	14.4	-12.16	8.51	28.01	7.01
Changes in Other Operating Activities	2.56	5.71	6.24	24.52	-2.83	7.59
Operating Cash Flow	166.69	183.7	155.03	110.12	82.45	87.51
Operating Cash Flow Growth	-4.62%	18.49%	40.79%	33.55%	-5.78%	-2.31%
Capital Expenditures	-16.39	-14.03	-12.82	-12	-5.89	-6.75
Payments for Business Acquisitions	-94.38	-184.02	-3	-17.13	-	-45.27
Other Investing Activities	-	-	-	-	-	0.6
Investing Cash Flow	-110.76	-198.05	-15.82	-29.13	-5.89	-51.42
Issuance of Common Stock	0.14	0.55	0.75	0.97	0.7	2.11
Repurchase of Common Stock	-	-15	-	-	-0.43	-0.46
Net Common Stock Issued (Repurchased)	0.14	-14.45	0.75	0.97	0.28	1.65
Common Dividends Paid	-46.81	-43.53	-35.85	-29.05	-24.88	-22.16
Financing Cash Flow	-125.14	-57.98	-35.1	-28.09	-24.61	-20.51
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-0.26	3.04	-0.6	0.83	-1.08	-0.68
Net Cash Flow	-69.48	-69.29	103.52	53.73	50.88	14.9
Free Cash Flow	150.3	169.67	142.22	98.11	76.56	80.76
Free Cash Flow Growth	-11.42%	19.31%	44.95%	28.15%	-5.21%	0.30%
FCF Margin	17.06%	18.51%	17.21%	13.94%	13.54%	15.99%
Free Cash Flow Per Share	5.11	5.74	4.82	3.33	2.61	2.75
Levered Free Cash Flow	144.25	181.32	148.71	109.27	91.01	82.96
Unlevered Free Cash Flow	140.91	177.38	142.28	106.29	90.69	83.04

SEC Filings: 10-K · 10-Q