ITRON INC
For the period ended Dec 31, 2023. Filed Feb 26, 2024.
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FY2023 · Filed Feb 26, 2024
ITRI$99.97+1.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
| Year Ended December 31, | |||
|---|---|---|---|
| In thousands, except per share data | 2023 | 2022 | 2021 |
| Revenues | |||
| Product revenues | $1,863,489 | $1,500,243 | $1,678,195 |
| Service revenues | 310,144 | 295,321 | 303,377 |
| Total revenues | 2,173,633 | 1,795,564 | 1,981,572 |
| Cost of revenues | |||
| Product cost of revenues | 1,292,170 | 1,102,475 | 1,231,230 |
| Service cost of revenues | 167,555 | 170,900 | 177,173 |
| Total cost of revenues | 1,459,725 | 1,273,375 | 1,408,403 |
| Gross profit | 713,908 | 522,189 | 573,169 |
| Operating expenses | |||
| Sales, general and administrative | 312,779 | 290,453 | 300,520 |
| Research and development | 208,688 | 185,098 | 197,235 |
| Amortization of intangible assets | 18,918 | 25,717 | 35,801 |
| Restructuring | 43,989 | (13,625) | 54,623 |
| Loss on sale of businesses | 667 | 3,505 | 64,289 |
| Goodwill impairment | — | 38,480 | — |
| Total operating expenses | 585,041 | 529,628 | 652,468 |
| Operating income (loss) | 128,867 | (7,439) | (79,299) |
| Other income (expense) | |||
| Interest income | 9,314 | 2,633 | 1,557 |
| Interest expense | (8,349) | (6,724) | (28,638) |
| Other income (expense), net | (2,446) | (4,213) | (17,430) |
| Total other income (expense) | (1,481) | (8,304) | (44,511) |
| Income (loss) before income taxes | 127,386 | (15,743) | (123,810) |
| Income tax benefit (provision) | (29,068) | 6,196 | 45,512 |
| Net income (loss) | 98,318 | (9,547) | (78,298) |
| Net income attributable to noncontrolling interests | 1,395 | 185 | 2,957 |
| Net income (loss) attributable to Itron, Inc. | $96,923 | $(9,732) | $(81,255) |
| Net income (loss) per common share - Basic | $2.13 | $(0.22) | $(1.83) |
| Net income (loss) per common share - Diluted | $2.11 | $(0.22) | $(1.83) |
| Weighted average common shares outstanding - Basic | 45,421 | 45,101 | 44,301 |
| Weighted average common shares outstanding - Diluted | 45,836 | 45,101 | 44,301 |
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