Badger Meter, Inc. (BMI) quarterly cash flow statement — complete operating, investing & financing history
Badger Meter, Inc. (BMI) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Cash from Operations | 43.27M | 26.61M | 33.89M | 54.8M | 51.28M | 44.59M | 33.03M | 52.07M | 45.09M | 36.42M | 21.46M | 37.95M | 31.43M | 22.77M | 17.97M | 29.71M | 23.79M | 19.66M | 9.25M | 24.75M |
| Operating CF Margin % | 18.34% | 11.97% | 16.76% | 24.83% | 21.76% | 18.73% | 14.86% | 25.38% | 21.63% | 16.81% | 10.93% | 20.8% | 16.88% | 12.95% | 11.29% | 20.17% | 16.07% | 14.27% | 6.99% | 18.23% |
| Operating CF Growth % | -15.62% | -40.31% | 2.62% | 5.25% | 13.74% | 22.43% | 53.9% | 37.22% | 43.44% | 59.95% | 19.42% | 27.73% | 32.12% | 15.8% | 94.27% | 20.03% | 34.48% | 35.48% | -69.73% | 55.66% |
| Net Income | 35.9M | 29.72M | 27.34M | 33.58M | 35.08M | 34.58M | 38.4M | 30.72M | 32.04M | 33.06M | 29.13M | 24.72M | 25.97M | 22.49M | 19.41M | 17.54M | 17.93M | 16.66M | 14.36M | 17.28M |
| Depreciation & Amortization | 10.19M | 9.86M | 2.82M | 8.8M | 8.71M | 8.79M | 8.28M | 8.07M | 8.02M | 8.09M | 8.01M | 7.19M | 7.07M | 6.91M | 6.95M | 6.08M | 6.71M | 6.68M | 6.78M | 6.88M |
| Stock-Based Compensation | 2.47M | 3.18M | 2.17M | 0 | 2.04M | 2.58M | 1.83M | 1.59M | 1.31M | 2.01M | 1.27M | 1.23M | 1.36M | 1.6M | 1.01M | 978K | 704K | 851K | 615K | 793K |
| Deferred Taxes | 0 | 0 | 0 | -854K | 0 | 0 | 0 | -11.07M | 0 | 0 | -24.9M | -9.25M | -25K | -366K | -10K | -5.64M | 8K | 50K | -34K | -3.07M |
| Other Non-Cash Items | -154K | -90K | 6.24M | 2.84M | 5.1M | -32K | 37K | -141K | 9K | -22K | 24.9M | -64K | -52K | -185K | -37K | -510K | -74K | 48K | -112K | -466K |
| Working Capital Changes | -5.14M | -16.05M | -4.67M | 10.44M | 359K | -1.34M | -15.52M | 22.91M | 3.71M | -6.72M | -16.95M | 14.12M | -2.88M | -7.68M | -9.35M | 11.26M | -1.49M | -4.63M | -12.36M | 3.36M |
| Change in Receivables | 9.25M | -10.36M | 1.79M | 2.69M | 2.5M | -4.81M | -20.5M | 8.37M | 13.4M | -14.05M | -9.16M | 5.5M | -5.35M | 340K | -6.84M | 13.21M | -6.83M | 481K | -12.51M | 7.75M |
| Change in Inventory | 10.7M | 2.48M | -23.7M | 753K | -5.76M | 4.14M | -120K | 13.69M | 3.89M | -851K | -6.41M | -4.84M | -3.88M | -12.31M | -11.44M | -4.81M | -3.18M | -9.26M | -3.76M | -7.95M |
| Change in Payables | -27.51M | -10.27M | 34.26M | 2.46M | -4.29M | -72K | 0 | -6.92M | -18.58M | 5.38M | 7.96M | -3.78M | 4.18M | 1.15M | 6.96M | 4.14M | 3.74M | 9.38M | 0 | -415K |
| Cash from Investing | -2.54M | -99.21M | -4.43M | -4.03M | -3.09M | -3.02M | -187.9M | -4.67M | -3.13M | -2.34M | -5.68M | -2.05M | -3.01M | -2.74M | -21.32M | -1.2M | -1.92M | -1.63M | -1.14M | 1.42M |
| Capital Expenditures | -2.99M | -4.84M | -4.43M | -4.03M | -3.09M | -3.94M | 0 | -4.67M | -3.13M | -2.34M | -2.68M | -2.05M | -3.01M | -2.66M | -4.27M | -1.2M | -1.92M | -1.63M | -1.14M | 1.42M |
| CapEx % of Revenue | 1.27% | 2.18% | 2.19% | 1.83% | 1.31% | 1.65% | 1.33% | 2.28% | 1.5% | 1.08% | 1.36% | 1.13% | 1.62% | 1.51% | 2.68% | 0.82% | 1.3% | 1.18% | 0.86% | 1.05% |
| Acquisitions | 0 | -94.38M | 0 | 0 | 0 | 913K | -184.94M | 0 | 0 | 0 | -3M | 0 | 0 | -75K | -17.05M | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 454K | 0 | 0 | 0 | 0 | 0 | -2.97M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | -68.18M | -36.85M | -49.78M | -26.74M | -11.77M | -9.52M | -9.95M | -9.98M | -9.99M | -7.41M | -7.71M | -7.92M | -7.01M | -6.59M | -6.57M | -5.95M | -6.52M | -6.27M | -5.87M | -5.84M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | -55.55M | -25.25M | -38.07M | -15M | -486K | 486K | 68K | 0 | 0 | 521K | 230K | 0 | 909K | 0 | 58K | 642K | 61K | -427K | 0 | -1K |
| Dividends Paid | -12.63M | -11.59M | -11.71M | -11.74M | -11.77M | -10M | -10.02M | -9.98M | -9.99M | -7.93M | -7.94M | -7.92M | -7.92M | -6.59M | -6.63M | -6.59M | -6.58M | -5.84M | -5.87M | -5.84M |
| Share Repurchases | -55.55M | -25.25M | -38.21M | -15M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -427K | 0 | 0 |
| Other Financing | 0 | 0 | 0 | 0 | 486K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1K |
| Net Change in Cash | -27.8M | -109.82M | -20.56M | 24.32M | 36.48M | 33.85M | -163.95M | 36.35M | 32.74M | 26.9M | 7.53M | 28.87M | 21.11M | 13.44M | -9.69M | 23.27M | 14.58M | 10.99M | 2.04M | 20.14M |
| Free Cash Flow | 40.28M | 21.77M | 29.47M | 50.77M | 48.2M | 40.65M | 30.06M | 47.4M | 41.96M | 34.08M | 18.78M | 35.89M | 28.42M | 20.11M | 13.7M | 28.51M | 21.87M | 18.03M | 8.11M | 26.17M |
| FCF Margin % | 17.07% | 9.79% | 14.57% | 23% | 20.45% | 17.07% | 13.53% | 23.1% | 20.13% | 15.73% | 9.57% | 19.67% | 15.26% | 11.43% | 8.61% | 19.35% | 14.78% | 13.08% | 6.12% | 19.28% |
| FCF Growth % | -16.42% | -46.44% | -1.98% | 7.11% | 14.87% | 19.28% | 60.04% | 32.06% | 47.63% | 69.5% | 37.12% | 25.9% | 29.93% | 11.51% | 68.94% | 8.91% | 57.36% | 51.59% | -71.84% | 106.16% |
| FCF per Share | 1.40 | 0.75 | 1.00 | 1.72 | 1.63 | 1.37 | 1.02 | 1.61 | 1.42 | 1.15 | 0.64 | 1.22 | 0.96 | 0.68 | 0.47 | 0.97 | 0.74 | 0.61 | 0.28 | 0.89 |
| FCF Conversion (FCF/Net Income) | 1.21x | 0.90x | 1.24x | 1.63x | 1.46x | 1.29x | 0.86x | 1.70x | 1.41x | 1.10x | 0.74x | 1.53x | 1.21x | 1.01x | 0.93x | 1.69x | 1.33x | 1.18x | 0.64x | 1.43x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |