BADGER METER, INC.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $402.4M | $393.8M | $377.7M | $364.8M | $334.1M | $319.7M | $262.9M | $276.6M |
| Cost of Revenue | $246.7M | $243.2M | $241.9M | $233.6M | $217.1M | $197.4M | $173.1M | $173.8M |
| Gross Profit | $155.7M | $150.6M | $135.8M | $131.1M | $117.0M | $122.2M | $89.8M | $102.8M |
| Gross Margin | 38.7% | 38.2% | 35.9% | 36.0% | 35.0% | 38.2% | 34.2% | 37.2% |
| Operating Expenses | ||||||||
| Research & Development | $10.6M | $10.6M | $10.6M | $9.5M | $10.5M | $9.6M | $8.1M | $7.2M |
| SG&A Expense | $99.2M | $97.9M | $93.4M | $85.1M | $77.9M | $77.8M | $62.3M | $58.0M |
| Operating Income | $56.6M | $52.7M | $42.4M | $46.0M | $39.1M | $44.5M | $27.5M | $44.8M |
| Operating Margin | 14.1% | 13.4% | 11.2% | 12.6% | 11.7% | 13.9% | 10.5% | 16.2% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $54.8M | $49.8M | $41.2M | $44.9M | $38.0M | $43.5M | $27.3M | $44.4M |
| Income Tax Expense | $20.3M | $17.5M | $15.2M | $15.2M | $13.4M | $15.4M | $8.2M | $15.8M |
| Net Income | $34.6M | $32.3M | $25.9M | $29.7M | $24.6M | $28.0M | $19.2M | $28.7M |
| Net Margin | 8.6% | 8.2% | 6.9% | 8.1% | 7.4% | 8.8% | 7.3% | 10.4% |
| EPS (Basic) | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| EPS (Diluted) | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Shares Outstanding (Basic) | 29.01B | 28.97B | 28.85B | 28.70B | 14.41B | 14.37B | 15.02B | 14.95B |
| Shares Outstanding (Diluted) | 29.20B | 29.14B | 28.98B | 28.84B | 14.48B | 14.44B | 15.09B | 15.05B |
| Dividends Per Share | $0.00 | $0.00 | $0.00 | $0.00 | — | — | $0.00 | $0.00 |