BADGER METER, INC. BMI Balance Sheet

Badger meter, inc. (BMI)

Balance Sheet / Yearly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
Assets
Current assets:
Cash and cash equivalents
70,376	48,871	37,728	23,894	15,033	13,086	10,629	12,125	13,532	11,164	13,394	13,850	11,311	7,338	10,669	7,356	9,936	8,163	4,075	12,676	8,373	6,656	10,366	6,758	6,408	7,263	4,621	2,714	3,787	6,554	6,056	6,511	6,661	4,975	5,787	4,273	3,089
Receivables
59,164	61,365	61,406	60,294	68,095	66,300	70,029	65,303	63,372	58,210	68,884	64,426	65,959	59,818	57,969	61,326	59,189	56,643	59,727	61,963	53,194	53,967	58,012	60,798	54,658	50,133	56,059	52,702	47,304	45,584	53,689	51,670	51,053	41,168	43,195	45,611	40,429
Inventories:
Finished goods
19,469	22,946	24,646	23,034	21,811	23,476	22,588	25,199	22,668	23,125	21,954	17,446	16,069	18,087	20,732	21,876	21,638	28,548	26,349	26,027	26,484	25,362	19,503	20,699	18,113	17,704	17,544	18,750	20,598	19,872	19,806	12,985	12,718	13,476	12,401	11,984	9,800
Work in process
16,776	17,728	18,097	16,643	16,076	17,097	19,199	19,643	19,012	22,035	17,700	17,407	15,232	17,157	18,047	16,559	14,816	13,184	12,168	9,379	11,432	13,047	13,996	10,567	11,678	12,330	10,094	10,853	11,590	13,340	13,400	13,639	13,169	11,377	10,282	11,527	15,284
Raw materials
38,185	41,274	42,092	43,642	42,667	40,231	42,558	40,814	43,448	40,012	37,356	39,035	38,996	42,457	43,658	42,280	39,724	36,864	37,226	36,316	34,092	33,365	30,704	31,930	34,187	30,905	26,730	24,011	26,313	27,785	27,008	34,455	32,029	24,583	25,102	23,723	23,232
Total inventories
74,430	81,948	84,835	83,319	80,554	80,804	84,345	85,656	85,128	85,172	77,010	73,888	70,297	77,701	82,437	80,715	76,178	78,596	75,743	71,722	72,008	71,774	64,203	63,196	63,978	60,939	54,368	53,614	58,501	60,997	60,214	61,079	57,916	49,436	47,785	47,234	48,316
Prepaid expenses and other current assets
7,459	7,910	7,572	8,037	7,541	4,469	5,881	5,070	4,728	4,077	3,968	4,335	4,635	6,155	5,672	5,505	5,455	5,926	5,560	5,500	4,085	4,538	4,373	4,045	3,354	3,994	3,678	3,500	3,932	4,343	2,960	3,431	3,694	2,266	2,992	3,744	2,381
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,282	4,312	4,286	4,170	4,919	4,923	4,900	4,834	3,925	3,915	3,926	3,896	4,043	3,960	4,081	3,350	3,417	3,410	3,122
Total current assets
211,429	200,094	191,541	175,544	171,223	164,659	170,884	168,154	166,760	158,623	163,256	156,499	152,202	151,012	156,747	154,902	150,758	149,328	149,387	156,173	141,946	141,105	141,873	139,720	133,298	127,163	122,651	116,445	117,450	121,374	126,962	126,651	123,405	101,195	103,176	104,272	97,337
Property, plant and equipment, at cost:
Land and improvements
-	-	-	-	-	9,066	-	-	-	9,119	-	-	-	9,068	-	-	-	9,033	-	-	-	9,182	-	-	-	8,941	-	-	-	8,919	-	-	-	8,011	-	-	7,874
Buildings and improvements
-	-	-	-	-	67,932	-	-	-	67,604	-	-	-	65,230	-	-	-	59,839	-	-	-	57,872	-	-	-	55,018	-	-	-	51,090	-	-	-	49,840	-	-	48,014
Machinery and equipment
-	-	-	-	-	136,724	-	-	-	135,762	-	-	-	126,680	-	-	-	125,197	-	-	-	110,346	-	-	-	100,179	-	-	-	92,751	-	-	-	87,077	-	-	88,066
Property, plant and equipment, at cost
211,457	209,825	208,315	213,201	215,098	213,722	214,234	215,513	215,512	212,485	210,489	207,761	204,324	200,978	198,881	198,134	196,257	194,069	187,983	184,071	179,781	177,400	171,432	169,644	167,537	164,138	159,298	157,050	155,350	152,760	149,786	150,530	150,759	144,928	143,822	142,837	143,954
Less accumulated depreciation
126,887	124,064	121,658	124,689	125,816	123,401	122,595	122,838	121,979	118,884	117,347	116,303	113,235	110,784	108,722	107,381	104,724	103,149	101,475	100,179	97,436	95,594	93,712	92,458	90,236	87,722	85,894	85,501	84,467	82,276	81,284	82,339	80,750	78,826	77,452	75,827	77,866
Net property, plant and equipment
84,570	85,761	86,657	88,512	89,282	90,321	91,639	92,675	93,533	93,601	93,142	91,458	91,089	90,194	90,159	90,753	91,533	90,920	86,508	83,892	82,345	81,806	77,720	77,186	77,301	76,416	73,404	71,549	70,883	70,484	68,502	68,191	70,009	66,102	66,370	67,010	66,088
Intangible assets, at cost less accumulated amortization
46,396	48,163	49,934	51,717	53,534	55,418	57,301	59,113	57,468	59,326	57,835	60,027	50,340	51,872	52,810	54,328	55,869	57,348	58,508	58,786	60,243	61,672	53,401	54,780	56,058	57,317	60,163	61,416	57,129	58,351	59,845	61,169	62,825	33,680	34,323	34,912	34,170
Prepaid pension
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	740	645	561	456	4,959	4,744	4,540	4,312	-	-	-	0	-	-	-	-	-	-	-
Other assets
15,288	15,875	16,126	15,819	15,810	8,872	9,436	9,240	9,226	9,897	10,704	9,606	9,694	6,607	7,988	8,452	8,870	8,485	9,231	9,941	9,620	8,397	8,019	7,845	7,786	6,155	6,033	5,712	5,400	4,314	5,691	6,262	6,087	6,259	6,439	6,814	7,449
Deferred income taxes
2,015	742	1,974	2,011	2,142	2,163	802	816	855	2,856	0	0	931	700	1,445	1,380	1,426	1,421	-	-	-	0	-	-	-	-	-	-	-	-	0	-	0	2,309	1,006	935	1,658
Goodwill
71,258	71,258	71,258	71,258	71,258	71,300	71,258	71,109	67,424	67,424	61,156	61,156	49,314	49,314	47,978	47,978	47,978	47,978	48,443	47,712	47,712	47,722	44,695	44,695	44,695	44,695	46,641	46,641	35,930	35,930	35,670	35,670	34,612	9,365	9,162	9,162	9,162
Total assets
430,956	421,893	417,490	404,861	403,249	392,691	401,320	401,107	395,266	391,727	386,093	378,746	353,570	349,699	357,127	357,793	356,434	355,480	352,817	357,149	342,427	341,158	330,667	328,970	323,678	316,058	308,892	301,763	286,792	290,453	296,670	297,943	296,938	218,910	220,476	223,105	215,864
Liabilities and shareholders’ equity
Current liabilities:
Short-term debt
4,400	4,480	4,360	4,560	10,980	18,060	35,957	42,430	48,170	44,550	44,970	45,560	38,156	37,950	49,730	53,590	61,160	71,360	67,380	73,029	75,923	75,927	61,664	68,693	73,869	70,045	65,185	66,230	63,878	66,730	71,181	77,828	63,989	1,790	2,680	6,115	12,878
Payables
35,915	31,523	32,363	29,556	25,983	22,469	24,860	28,092	24,300	28,601	27,136	23,891	21,610	18,350	19,296	22,175	19,313	19,155	18,946	22,508	18,435	16,059	18,712	18,147	17,433	18,554	19,435	20,308	16,710	15,551	20,966	18,859	18,166	11,365	13,938	13,616	11,159
Accrued compensation and employee benefits
9,181	12,754	12,814	12,256	9,583	13,768	12,381	9,632	9,375	15,509	13,779	11,116	9,041	13,861	12,802	11,142	10,037	9,663	9,581	9,366	8,001	11,901	10,776	8,433	7,184	7,337	7,792	6,525	6,852	9,821	9,196	7,768	8,047	6,734	6,797	6,468	7,143
Warranty and after-sale costs
5,981	5,583	6,807	5,379	4,318	4,206	4,302	4,110	3,702	3,367	3,413	3,064	2,548	2,779	3,219	3,513	3,561	3,133	2,351	2,360	1,546	1,739	1,140	1,433	1,199	882	684	695	717	881	913	1,152	1,406	1,593	1,004	932	889
Other current liabilities
4,979	2,907	2,501	2,556	7,060	1,512	366	1,363	3,003	1,082	3,196	6,641	4,149	2,898	2,608	3,459	4,770	1,233	2,358	4,461	2,877	1,449	2,858	4,013	3,072	1,223	2,058	2,277	1,265	1,097	2,015	1,498	4,465	931	1,498	3,632	610
Total current liabilities
60,456	57,247	58,845	54,307	57,924	60,015	77,866	85,627	88,550	93,109	92,494	90,272	75,504	75,838	87,655	93,879	98,841	104,544	100,616	111,724	106,782	107,075	95,150	100,719	102,757	98,041	95,154	96,035	89,422	94,080	104,271	107,105	96,073	22,413	25,917	30,763	32,679
Other long-term liabilities
23,093	22,980	22,863	21,772	21,494	13,972	14,446	13,657	11,324	4,073	5,795	5,813	3,914	4,019	3,826	4,048	5,488	4,809	4,211	2,530	2,064	1,735	1,343	1,345	1,335	1,324	2,695	2,690	1,545	1,086	1,021	5,592	6,670	1,078	946	2,442	2,472
Deferred income taxes
2,428	876	3,077	3,233	3,217	3,332	1,323	1,294	1,546	3,434	1,618	1,638	2,118	1,901	880	882	909	774	6,566	6,599	6,409	6,399	9,730	9,796	9,798	9,790	10,824	10,787	8,663	8,692	10,258	10,230	10,447	0	-	-	-
Accrued non-pension postretirement benefits
5,721	5,711	5,163	5,191	5,214	5,184	5,704	5,718	5,834	5,703	5,853	5,864	5,834	5,753	5,942	5,893	5,818	5,709	6,512	6,473	6,394	6,342	5,923	5,939	5,918	5,934	6,626	6,578	6,519	6,489	6,068	6,104	6,117	6,103	6,029	6,138	5,972
Other accrued employee benefits
3,537	4,011	3,903	3,906	6,787	6,685	6,751	6,341	7,290	7,956	6,203	5,753	5,340	5,979	6,315	7,178	6,797	7,369	5,486	6,203	4,906	5,276	4,329	4,301	4,067	4,406	7,790	7,813	8,128	8,859	7,968	9,153	9,856	10,035	4,842	5,512	6,358
Commitments and contingencies (Note 6)
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Shareholders’ equity:
Common stock
37,220	37,200	37,200	37,200	37,200	37,198	37,198	37,177	37,177	37,165	37,163	37,158	37,149	37,122	37,120	20,557	20,551	41,103	20,542	20,544	20,527	20,523	20,520	20,519	20,518	20,504	20,480	20,473	20,473	20,441	20,430	20,419	20,786	21,292	21,289	21,286	21,259
Capital in excess of par value
42,690	41,956	40,306	39,746	38,756	38,082	36,809	33,681	32,870	32,182	30,757	30,148	29,014	28,022	27,378	53,587	52,595	31,626	51,080	50,667	48,807	48,353	47,537	47,087	46,339	45,627	43,988	43,315	42,652	41,755	40,852	40,402	39,940	39,445	38,866	38,514	37,582
Reinvested earnings
292,785	285,879	278,551	270,772	263,777	257,313	250,432	250,242	247,866	244,224	240,764	236,563	229,287	223,876	221,099	215,642	209,141	204,044	201,451	196,013	190,859	189,365	186,099	178,600	172,371	170,318	166,514	160,036	156,182	155,694	152,627	146,183	153,644	166,271	167,482	163,005	156,101
Accumulated other comprehensive (loss) income
-201	425	404	1,066	311	580	294	-5,508	-10,411	-10,893	-9,856	-10,141	-11,261	-11,635	-11,795	-12,301	-12,107	-12,780	-11,824	-11,777	-12,421	-11,856	-7,825	-7,189	-7,263	-7,524	-12,738	-13,514	-14,307	-13,948	-14,096	-14,511	-13,664	-14,566	-11,727	-11,380	-13,137
Less: Employee benefit stock
154	154	306	306	306	306	461	461	461	460	614	614	614	614	728	728	728	768	870	869	869	922	995	995	995	1,075	1,136	1,135	1,135	1,234	1,262	1,262	1,262	1,485	1,485	1,485	1,536
Treasury stock, at cost
36,619	34,238	32,516	32,026	31,125	29,364	29,042	26,661	26,319	24,766	24,084	23,708	22,715	20,562	20,565	30,844	30,871	30,950	30,953	30,958	31,031	31,132	31,144	31,152	31,167	31,287	31,305	31,315	31,350	31,461	31,467	31,472	31,669	31,676	31,683	31,690	31,886
Total shareholders’ equity
335,721	331,068	323,639	316,452	308,613	303,503	295,230	288,470	280,722	277,452	274,130	269,406	260,860	256,209	252,509	245,913	238,581	232,275	229,426	223,620	215,872	214,331	214,192	206,870	199,803	196,563	185,803	177,860	172,515	171,247	167,084	159,759	167,775	179,281	182,742	178,250	168,383
Total liabilities and shareholders’ equity
430,956	421,893	417,490	404,861	403,249	392,691	401,320	401,107	395,266	391,727	386,093	378,746	353,570	349,699	357,127	357,793	356,434	355,480	352,817	357,149	342,427	341,158	330,667	328,970	323,678	316,058	308,892	301,763	286,792	290,453	296,670	297,943	296,938	218,910	220,476	223,105	215,864