Badger Meter, Inc.
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $34.6M | $32.3M | $25.9M | $29.7M | $24.6M | $28.0M | $19.2M | $28.7M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $12.1M | $10.7M | $10.0M | $8.9M | $8.5M | $7.6M | $7.1M | $6.7M |
| Amortization | $6.8M | $6.1M | $6.1M | $5.5M | $5.0M | $4.5M | $2.3M | $1.8M |
| Stock-Based Compensation | $1.7M | $1.5M | $1.5M | $1.4M | $1.4M | $1.3M | $1.5M | $1.4M |
| Net Cash from Operating Activities | $49.8M | $56.2M | $35.8M | $35.7M | $34.8M | $34.8M | $31.3M | $18.4M |
| Investing Activities | ||||||||
| Capital Expenditures | $15.1M | $10.6M | $19.8M | $12.3M | $14.3M | $8.2M | $5.3M | $9.2M |
| Business Acquisitions | $20.4M | $1.8M | $1.9M | $20.8M | $15.4M | $51.5M | $4.0M | $7.3M |
| Net Cash from Investing Activities | $-35.4M | $-12.4M | $-21.7M | $-33.2M | $-29.7M | $-59.7M | $-9.3M | $-26.0M |
| Financing Activities | ||||||||
| Dividends Paid | $14.2M | $12.5M | $11.3M | $10.6M | $10.0M | $9.5M | $9.0M | $7.8M |
| Stock Repurchases | $4.4M | $0 | $0 | $0 | $0 | $30.0M | $0 | $0 |
| Net Cash from Financing Activities | $-10.4M | $-44.5M | $-13.0M | $-2.7M | $-4.3M | $26.8M | $-20.0M | $-2.7M |
| Net Change in Cash | $3.8M | $-825.0K | $1.5M | $-607.0K | $709.0K | $1.6M | $1.9M | $-10.2M |
| Free Cash Flow | $34.7M | $45.6M | $16.1M | $23.4M | $20.5M | $26.6M | $26.0M | $9.2M |