BADGER METER, INC. (BMI) FY2026 YTD Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-01-01 to 2026-06-30

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BADGER METER, INC. cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net earnings → Net cash from operating activities: $57,055,000.00Payables → Operating adjustments reconciliation: $23,995,000.00Amortization → Operating adjustments reconciliation: $13,249,000.00Depreciation → Operating adjustments reconciliation: $5,661,000.00Stock-based compensation expense → Operating adjustments reconciliation: $5,347,000.00Noncurrent employee benefits → Operating adjustments reconciliation: $14,000.00Operating adjustments reconciliation → Net cash from operating activities: $3,549,000.00Operating adjustments reconciliation → Inventories: $21,210,000.00Operating adjustments reconciliation → Receivables: $8,562,000.00Operating adjustments reconciliation → Prepaid expenses and other assets: $7,685,000.00Operating adjustments reconciliation → Other liabilities: $7,260,000.00investing reconciliation → Acquisitions, net of cash acquired: $94,375,000.00investing reconciliation → Property, plant and equipment expenditures: $9,266,000.00Net cash used in financing activities → financing reconciliation: $86,629,000.00Proceeds from exercise of stock options → financing reconciliation: $140,000.00financing reconciliation → Repurchase of common stock for treasury stock: $63,467,000.00financing reconciliation → Dividends paid: $23,302,000.00Net cash used in investing activities → investing reconciliation: $103,641,000.00Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations → Cash sources and uses: $226,016,000.00Net cash from operating activities → Cash sources and uses: $60,604,000.00Cash sources and uses → Exchange-rate effect: $617,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $95,733,000.00Cash sources and uses → Net cash used in investing activities: $103,641,000.00Cash sources and uses → Net cash used in financing activities: $86,629,000.00Net earnings: $57,055,000.00Net earnings+$57.06 MDepreciation: $5,661,000.00Depreciation expense+$5.66 MAmortization: $13,249,000.00Amortization expense+$13.25 MNoncurrent employee benefits: $14,000.00Noncurrent employee benefits+$14.00 KStock-based compensation expense: $5,347,000.00Stock-based compensation+$5.35 MReceivables: -$8,562,000.00Accounts receivable−$8.56 MInventories: -$21,210,000.00Inventories−$21.21 MPayables: $23,995,000.00Accounts payable+$24.00 MPrepaid expenses and other assets: -$7,685,000.00Prepaid & other assets−$7.69 MOther liabilities: -$7,260,000.00Other operating liabilities−$7.26 MNet cash from operating activities: $60,604,000.00Operating cash+$60.60 MOperating adjustments reconciliation: $48,266,000.00Dividends paid: -$23,302,000.00Common dividends paid−$23.30 MProceeds from exercise of stock options: $140,000.00Stock option exercises+$140.00 KRepurchase of common stock for treasury stock: -$63,467,000.00Common stock repurchases−$63.47 MNet cash used in financing activities: -$86,629,000.00. Cash required to fund net payments.Financing cash−$86.63 Mfinancing reconciliation: $86,769,000.00Property, plant and equipment expenditures: -$9,266,000.00PP&E purchases−$9.27 MAcquisitions, net of cash acquired: -$94,375,000.00Acquisitions, net of cash−$94.38 MNet cash used in investing activities: -$103,641,000.00. Cash required to fund net payments.Investing cash−$103.64 Minvesting reconciliation: $103,641,000.00Cash sources and uses: $286,620,000.00Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $226,016,000.00Beginning cash$226.02 MEnding cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $95,733,000.00Ending cash$95.73 MExchange-rate effect: -$617,000.00FX effect−$617.00 KCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$51.34 MOperating cash − cash spent on PP&ECash flow / Net income1.06×Operating cash flow ÷ net incomeNet cash change−$130.28 MEnding cash − beginning cash
Chart details

BADGER METER, INC. cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026

Cash flows for Jan 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations. Beginning cash: Dec 31, 2025. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2025
226,016,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations
Operating activities
60,604,000 US dollars. Net cash provided.
Net earnings
57,055,000 US dollars
Depreciation
5,661,000 US dollars
Amortization
13,249,000 US dollars
Noncurrent employee benefits
14,000 US dollars
Stock-based compensation expense
5,347,000 US dollars
Receivables
negative 8,562,000 US dollars
Inventories
negative 21,210,000 US dollars
Payables
23,995,000 US dollars
Prepaid expenses and other assets
negative 7,685,000 US dollars
Other liabilities
negative 7,260,000 US dollars
Investing activities
negative 103,641,000 US dollars. Net cash used.
Property, plant and equipment expenditures
negative 9,266,000 US dollars
Acquisitions, net of cash acquired
negative 94,375,000 US dollars
Financing activities
negative 86,629,000 US dollars. Net cash used.
Dividends paid
negative 23,302,000 US dollars
Proceeds from exercise of stock options
140,000 US dollars
Repurchase of common stock for treasury stock
negative 63,467,000 US dollars
Operating adjustment reconciliation
48,266,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
86,769,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
103,641,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 617,000 US dollars
Ending cash on Jun 30, 2026
95,733,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations
Cash sources and uses
286,620,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 130,283,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.06×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
60,604,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
9,266,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
51,338,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $3.55M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 60,604,000 US dollars minus 9,266,000 US dollars equals 51,338,000 US dollars.
BADGER METER, INC. (BMI) FY2026 YTD Q2 Statement of Cash Flows Sankey chart
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