Badger Infrastructure Solutions Ltd. (TSX:BDGI)

TSX:BDGI Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	6.47	14.62	8.51	5.4	4.14	13.57
Cash & Short-Term Investments	6.47	14.62	8.51	5.4	4.14	13.57
Cash Growth	927.30%	71.70%	57.71%	30.48%	-69.52%	100.03%
Accounts Receivable	186.37	166.09	158.02	141.5	113.81	116.24
Other Receivables	-	4.86	7.72	-	10.66	4.26
Receivables	186.37	170.94	165.74	141.5	124.46	120.5
Inventory	13.06	11.7	13.33	25.21	10.7	7.33
Prepaid Expenses	16.57	8.51	8.52	9.55	5.74	6.7
Other Current Assets	7.23	0.51	3.42	-	-	-
Total Current Assets	229.71	206.29	199.53	181.66	145.04	148.11
Property, Plant & Equipment	466.77	437.67	405.83	328.32	308.35	315.4
Goodwill	1.19	1.13	1.23	1.2	1.28	1.27
Other Intangible Assets	23.8	24.34	23.6	21.83	23.65	24.07
Other Long-Term Assets	1.22	-	2.83	-	-	-
Total Assets	722.68	669.42	633.01	533	478.31	488.84
Accounts Payable	97.33	27.5	29.67	24.36	15.38	12.96
Accrued Expenses	22.64	70.78	69.15	54.49	52.86	49.19
Current Portion of Long-Term Debt	-	-	-	-	25	24.98
Current Portion of Leases	19.68	18.2	15.08	8.75	5.87	4.25
Current Income Taxes Payable	2.56	-	-	1.14	-	-
Other Current Liabilities	4.64	28.07	11.66	15.59	3.11	1.37
Total Current Liabilities	146.85	144.54	125.56	104.33	102.22	92.75
Long-Term Debt	213.78	170.03	163.69	138.88	95.62	78.4
Long-Term Leases	31.9	32.05	32.15	18.36	9.54	7.69
Long-Term Deferred Tax Liabilities	56.39	56	53.77	47.51	48.67	49.66
Other Long-Term Liabilities	6.34	8.6	12.85	1.07	0.46	2.52
Total Liabilities	455.27	411.22	388.02	310.15	256.5	231.02
Common Stock	65.78	65.84	66.95	66.95	66.95	61.88
Additional Paid-In Capital	0.42	0.42	0.42	0.42	0.42	0.43
Retained Earnings	207.72	196.71	183.39	159.33	158.5	180.51
Comprehensive Income & Other	-6.52	-4.77	-5.77	-3.86	-4.06	15
Shareholders' Equity	267.4	258.2	244.99	222.85	221.82	257.82
Total Liabilities & Equity	722.68	669.42	633.01	533	478.31	488.84
Total Debt	265.36	220.28	210.92	165.99	136.03	115.32
Net Cash (Debt)	-258.89	-205.66	-202.41	-160.59	-131.89	-101.74
Net Cash Per Share	-7.58	-5.97	-5.87	-4.66	-3.81	-2.92
Filing Date Shares Outstanding	33.74	34	34.47	34.47	34.47	34.85
Total Common Shares Outstanding	33.74	34.23	34.47	34.47	34.47	34.85
Working Capital	82.85	61.74	73.97	77.32	42.82	55.36
Book Value Per Share	7.93	7.54	7.11	6.46	6.43	7.40
Tangible Book Value	242.42	232.73	220.17	199.82	196.88	232.48
Tangible Book Value Per Share	7.18	6.80	6.39	5.80	5.71	6.67
Land	39.57	36.79	38.19	35.27	32.97	28.99
Machinery	718.83	677.57	630.16	554.26	530.04	507.26
Construction In Progress	25.04	22.15	19.81	17.17	12.96	15.98

Updated Mar 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.