BMI FY 2017 Earnings Report — Badger Meter, Inc. Revenue & Financial Results | Market Cap Arena

Badger Meter, Inc.BMI

FY 2017 Earnings

Reported February 28, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$402M	—	$394M	—	2.2%
Op. Income	$56M	—	$51M	—	9.6%
Gross Margin	38.7%	—	38.2%	—	0.5pp
Net Margin	8.6%	—	8.2%	—	0.4pp
EPS (Diluted)	$1.19	—	$1.11	—	7.2%
Free Cash Flow	$35M	—	$46M	—	-23.9%

Revenue Flow

Item	Amount
REVENUE	$402M
Cost of Revenue	$247M
GROSS PROFIT	$156M
R&D Expenses	$11M
Selling & Marketing	$0
General & Administrative	$100M
SG&A Expenses	$100M
Other Expenses	$0
Operating Expenses	$100M
Cost & Expenses	$347M
OPERATING INCOME	$56M
Interest Income	$0
Interest Expense	$789.0K
Other Income/Expenses	-$789.0K
INCOME BEFORE TAX	$55M
Income Tax Expense	$20M
Net Income from Continuing Ops	$35M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$35M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$35M
D&A	$24M
EBIT	$56M
EBITDA	$80M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$402M
Cost of Revenue	$247M
GROSS PROFIT	$156M
R&D Expenses	$11M
Selling & Marketing	$0
General & Administrative	$100M
SG&A Expenses	$100M
Other Expenses	$0
Operating Expenses	$100M
Cost & Expenses	$347M
OPERATING INCOME	$56M
Interest Income	$0
Interest Expense	$789.0K
Other Income/Expenses	-$789.0K
INCOME BEFORE TAX	$55M
Income Tax Expense	$20M
Net Income from Continuing Ops	$35M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$35M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$35M
D&A	$24M
EBIT	$56M
EBITDA	$80M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$35M
Depreciation & Amortization	$24M
Stock-Based Compensation	$2M
Deferred Income Tax	-$4M
Other Non-Cash Items	-$111.0K
Change in Working Capital	-$7M
OPERATING CASH FLOW	$50M
Capital Expenditure	-$15M
Acquisitions (Net)	-$20M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$35M
Net Debt Issuance	$0
Common Stock Repurchased	-$4M
Common Dividends Paid	-$14M
Other Financing Activities	$8M
NET CASH FROM FINANCING	-$10M
FREE CASH FLOW	$35M
Net Change in Cash	$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$11M
Short-Term Investments	$0
Net Receivables	$58M
Inventory	$85M
Other Current Assets	$4M
TOTAL CURRENT ASSETS	$159M
PP&E (Net)	$94M
Goodwill	$67M
Intangible Assets	$65M
Long-Term Investments	$0
Tax Assets	$3M
Other Non-Current Assets	$4M
TOTAL NON-CURRENT ASSETS	$233M
TOTAL ASSETS	$392M
Account Payables	$29M
Short-Term Debt	$45M
Deferred Revenue	$0
Other Current Liabilities	$19M
TOTAL CURRENT LIABILITIES	$93M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$3M
Other Non-Current Liabilities	$18M
TOTAL NON-CURRENT LIABILITIES	$21M
TOTAL LIABILITIES	$114M
Common Stock	$37M
Additional Paid-In Capital	$32M
Retained Earnings	$244M
Treasury Stock	-$25M
Accum. Other Comp. Income	-$11M
Other Equity	-$460.0K
TOTAL STOCKHOLDERS' EQUITY	$277M
Minority Interest	$0
TOTAL EQUITY	$277M
TOTAL LIABILITIES & EQUITY	$392M
Total Debt	$45M
Net Debt	$33M