US-listed companies
BADGER METER INC

BADGER METER INCBMI

Market cap

$6.6B

P/E ratio

71x

Income statement Balance sheet Cash flow

	Dec 31, 2011	Dec 31, 2012	Dec 31, 2013	Dec 31, 2014	Dec 31, 2015	Dec 31, 2016	Dec 31, 2017	Dec 31, 2018	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023
Cash	5	7	7	7	8	7	11	13	49	72	87	138	192
Receivables	41	46	50	54	57	60	58	66	61	62	66	77	84
Finished goods	13	20	18	25	29	18	23	23	23	25	26	31	35
Work in process	11	13	12	13	13	17	22	17	18	17	25	24	41
Raw materials	25	28	31	33	37	42	40	40	41	40	49	65	78
Total inventories	49	61	61	72	79	78	85	81	82	82	100	120	154
Prepaid expenses and other current assets	2	4	4	5	6	6	4	4	8	5	9	13	13
Total current assets	101	121	127	141	149	151	159	165	200	221	261	348	442
Land and improvements	8	9	9	9	9	9	9	9	9	9	9	9	9
Building and improvements	50	51	55	58	60	65	68	68	68	70	71	71	72
Machinery and equipment	87	93	100	110	125	127	136	137	132	139	137	141	145
Property, plant and equipment, at cost	145	153	164	177	194	201	212	214	210	217	217	221	226
Less accumulated depreciation	79	82	88	96	103	111	119	123	124	135	139	147	152
Net property, plant and equipment	66	70	76	82	91	90	94	90	86	83	78	74	74
Finite-Lived Intangible Assets, Net	34	58	57	62	57	52	59	55	48	54	64	54	54
Other assets	6	4	6	8	8	7	10	9	16	17	15	14	11
Deferred income taxes	-	-	-	-	-	-	3	-	-	5	8	13	23
Goodwill	9	36	45	48	48	49	67	71	71	89	104	101	113
Total assets	219	290	316	341	355	350	392	393	422	468	531	603	717
Payables	11	16	19	16	19	18	29	22	32	35	42	71	82
Employee-related Liabilities, Current	7	10	7	12	10	14	16	14	13	15	21	21	30
Warranty and after-sale costs	2	1	1	2	3	3	3	4	6	12	13	10	11
Other current liabilities	-	-	-	-	-	-	-	-	3	4	7	9	9
Total current liabilities	22	94	98	107	105	76	93	60	57	65	82	110	132
Other long-term liabilities	1	1	1	2	5	4	4	14	23	25	30	38	5
Long-term deferred revenue	-	-	-	-	-	-	-	-	-	-	-	-	50
Deferred income taxes	-	-	-	-	-	-	3	-	-	6	5	5	5
Accrued non-pension postretirement benefits	6	6	6	6	6	6	6	5	6	6	5	4	4
Other accrued employee benefits	-	-	-	-	-	-	-	-	-	-	-	-	5
Common Stock, Value, Issued	21	20	21	21	21	37	37	37	37	37	37	37	37
Capital in excess of par value	39	42	46	48	52	28	32	38	42	45	49	53	59
Reinvested earnings	166	156	170	189	204	224	244	257	286	315	354	395	459
Accumulated other comprehensive loss	-15	-14	-8	-12	-13	-12	-11	1	0	1	0	-6	-2
Less: Treasury stock, at cost, 7,873,781 shares in 2023 and 7,928,071 shares in 2022	32	31	31	31	31	21	25	29	34	37	37	37	37
Total shareholders’ equity	179	171	197	214	232	256	277	304	331	361	403	442	516
Total liabilities and shareholders’ equity	219	290	316	341	355	350	392	393	422	468	531	603	717