ITRON, INC.
For the period ended Sep 30, 2026. Filed Oct 27, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Oct 27, 2026
ITRI$99.58-0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| In thousands | 2026 | 2025 |
| Operating activities | ||
| Net income | $178,330 | $200,325 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization of intangible assets | 55,602 | 36,221 |
| Non-cash operating lease expense | 9,889 | 8,856 |
| Stock-based compensation | 44,527 | 47,819 |
| Amortization of prepaid debt fees | 5,765 | 5,401 |
| Deferred taxes, net | (5,062) | 48,860 |
| Loss on sale of business | — | 79 |
| Restructuring, non-cash | 462 | (25) |
| Other adjustments, net | (3,248) | (531) |
| Changes in operating assets and liabilities, net of acquisition and sale of business: | ||
| Accounts receivable | (6,664) | (12,127) |
| Inventories | (40,344) | 19,828 |
| Other current assets | 5,705 | (40,295) |
| Other long-term assets | 161 | 6,918 |
| Accounts payable, other current liabilities, and taxes payable | 27,932 | (5,959) |
| Wages and benefits payable | (20,534) | (30,801) |
| Unearned revenue | 32,960 | 34,320 |
| Warranty | (1,141) | (2,404) |
| Restructuring | (8,345) | (16,445) |
| Other operating, net | (450) | (13,409) |
| Net cash provided by operating activities | 275,545 | 286,631 |
| Investing activities | ||
| Net proceeds related to the sale of business | — | 278 |
| Acquisitions of property, plant, and equipment | (19,540) | (15,077) |
| Business acquisitions, net of cash and cash equivalents acquired | (514,888) | — |
| Other investing, net | 3,098 | (1,995) |
| Net cash used in investing activities | (531,330) | (16,794) |
| Financing activities | ||
| Proceeds from borrowings | 805,000 | — |
| Payments on debt | (460,000) | — |
| Issuance of common stock | 2,788 | 6,332 |
| Payments on call spread for convertible offering | (92,817) | — |
| Repurchase of common stock | (152,234) | — |
| Prepaid debt fees | (21,600) | (2,207) |
| Other financing, net | (2,006) | (2,288) |
| Net cash provided by financing activities | 79,131 | 1,837 |
| Effect of foreign exchange rate changes on cash and cash equivalents | (3,420) | 9,033 |
| Increase (decrease) in cash and cash equivalents | (180,074) | 280,707 |
| Cash and cash equivalents at beginning of period | 1,020,397 | 1,051,237 |
| Cash and cash equivalents at end of period | $840,323 | $1,331,944 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid during the period for: | ||
| Income taxes, net | $54,692 | $48,783 |
| Interest | 12,166 | 12,787 |
| Non-cash operating, investing and financing activities: | ||
| Deferred tax effect of call spread offering | $22,444 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.