BADGER METER INC
For the period ended Dec 31, 2024. Filed Feb 14, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 14, 2025
BMI$157.58-1.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statem ents of Cash Flows
| Years ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| (In thousands) | |||
| Operating activities: | |||
| Net earnings | $124,942 | $92,598 | $66,496 |
| Adjustments to reconcile net earnings to net cash provided by operations: | |||
| Depreciation | 11,103 | 10,937 | 11,090 |
| Amortization | 21,082 | 17,173 | 15,151 |
| Deferred income taxes | (11,074) | (9,650) | (5,619) |
| Noncurrent employee benefits | (153) | (338) | (648) |
| Stock-based compensation expense | 6,182 | 5,188 | 3,148 |
| Changes in: | |||
| Receivables | (1,444) | (6,351) | (11,328) |
| Inventories | 10,320 | (32,467) | (21,021) |
| Payables | (12,161) | 8,506 | 28,007 |
| Prepaid expenses and other assets | (15,312) | (7,012) | (10,557) |
| Other liabilities | 21,549 | 31,533 | 7,732 |
| Total adjustments | 30,092 | 17,519 | 15,955 |
| Net cash provided by operations | 155,034 | 110,117 | 82,451 |
| Investing activities: | |||
| Property, plant and equipment expenditures | (12,818) | (12,003) | (5,891) |
| Acquisitions, net of cash acquired | (3,000) | (17,127) | - |
| Net cash used for investing activities | (15,818) | (29,130) | (5,891) |
| Financing activities: | |||
| Dividends paid | (35,847) | (29,052) | (24,881) |
| Proceeds from exercise of stock options | 751 | 967 | 703 |
| Repurchase of common stock for treasury stock | - | - | (427) |
| Net cash used for financing activities | (35,096) | (28,085) | (24,605) |
| Effect of foreign exchange rates on cash | (597) | 828 | (1,077) |
| Increase in cash and cash equivalents | 103,523 | 53,730 | 50,878 |
| Cash and cash equivalents – beginning of period | 191,782 | 138,052 | 87,174 |
| Cash and cash equivalents – end of period | $295,305 | $191,782 | $138,052 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid during the year for: | |||
| Income taxes | $56,043 | $38,934 | $24,038 |
| Interest | - | - | - |
| Property, plant and equipment acquired through operating lease | 2,297 | 830 | 2,283 |
| Property, plant and equipment accrued and unpaid | 364 | 450 | 1,517 |
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