Itron, Inc. (ITRI) Financial Statements (2024 and earlier)

Company Profile

Business Address 2111 N MOLTER ROAD
LIBERTY LAKE, WA 99019
State of Incorp. WA
Fiscal Year End December 31
Industry (SIC) 3825 - Instruments for Measuring and Testing of Electricity and Electrical Signals (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments202163207150120176
Cash and cash equivalents202163207150120176
Receivables280298370473437398
Inventory, net of allowances, customer advances and progress billings229166182228221194
Inventory229166182228221194
Other current assets11812317114711882
Total current assets:830750930997896850
Noncurrent Assets
Operating lease, right-of-use asset53667680
Property, plant and equipment140163208233227201
Intangible assets, net (including goodwill)1,1041,1921,2651,2891,374651
Goodwill1,0391,0991,1321,1041,117556
Intangible assets, net (excluding goodwill)659313318525895
Restricted cash and investments     2311
Deferred income tax assets21218176 
Other noncurrent assets404252454544
Other undisclosed noncurrent assets    646550
Total noncurrent assets:1,5481,6441,6771,7111,7131,256
TOTAL ASSETS:2,3782,3942,6072,7082,6092,106
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities342319318470461369
Taxes payable1216221516
Employee-related liabilities114861198991
Accounts payable237193216328310262
Accrued liabilities105   47 
Deferred revenue9683113100
Debt   18 2820
Restructuring reserve     36 
Deferred revenue and credits41
Other liabilities438173647057
Other undisclosed current liabilities181828395821
Total current liabilities:499501550671653508
Noncurrent Liabilities
Long-term debt and lease obligation4535089691,001988594
Long-term debt, excluding current maturities453450903932988594
Liabilities, other than long-term debt228229234218221185
Deferred tax liabilities, net22
Deferred income tax liabilities122 
Liability, pension and other postretirement and postemployment benefits5888119999296
Other liabilities12513911311912888
Operating lease, liability44576769
Other undisclosed noncurrent liabilities71413171314
Total noncurrent liabilities:6887501,2171,2361,222793
Total liabilities:1,1871,2511,7671,9071,8751,301
Equity
Equity, attributable to parent1,1681,116817777713786
Common stock1,7881,7801,3891,3581,3341,295
Accumulated other comprehensive loss(95)(148)(139)(205)(196)(170)
Accumulated deficit(525)(516)(434)(376)(425)(338)
Equity, attributable to noncontrolling interest232724242119
Total equity:1,1921,143840801734806
TOTAL LIABILITIES AND EQUITY:2,3782,3942,6072,7082,6092,106

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,7961,9822,1732,5022,3762,018
Revenue, net2,018
Cost of revenue
(Cost of Goods and Services Sold)
(1,273)(1,408)(1,571)(1,750)(1,646)(1,343)
Gross profit:522573602752730675
Operating expenses(530)(652)(613)(620)(780)(524)
Operating income (loss):(7)(79)(10)133(50)151
Nonoperating expense(8)(45)(46)(60)(59)(17)
Investment income, nonoperating 323222
Other nonoperating expense(4)(17)(5)(9)(3)(7)
Interest and debt expense(7)(10)(44)(52)(58)(12)
Other undisclosed income from continuing operations before equity method investments, income taxes   44525812
Income (loss) from continuing operations before equity method investments, income taxes:(22)(134)(57)73(109)135
Other undisclosed income from continuing operations before income taxes710    
Income (loss) from continuing operations before income taxes:(16)(124)(57)73(109)135
Income tax expense (benefit)646(0)(21)13(74)
Income (loss) from continuing operations:(10)(78)(57)52(97)60
Income (loss) before gain (loss) on sale of properties:(78)(57)52(97)60
Net income (loss):(10)(78)(57)52(97)60
Net loss attributable to noncontrolling interest(0)(3)(1)(3)(3) 
Other undisclosed net loss attributable to parent      (3)
Net income (loss) available to common stockholders, diluted:(10)(81)(58)49(99)57

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(10)(78)(57)52(97)60
Other comprehensive income (loss)53(10)66(8)(26)59
Comprehensive income (loss):44(88)944(122)119
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)(3)(1)(3)(3) 
Other undisclosed comprehensive loss, net of tax, attributable to parent      (3)
Comprehensive income (loss), net of tax, attributable to parent:44(91)841(125)116

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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