Itron, Inc. (ITRI) Financial Statements (2023 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments163207150120176134131
Cash and cash equivalents163207150120176134131
Receivables298370473437398352331
Inventory, net of allowances, customer advances and progress billings166182228221194163190
Inventory166182228221194163190
Other current assets1231711471188284107
Total current assets:750930997896850732759
Noncurrent Assets
Operating lease, right-of-use asset667680
Property, plant and equipment163208233227201176190
Intangible assets, net (including goodwill)1,1921,2651,2891,374651525570
Goodwill1,0991,1321,1041,117556452468
Intangible assets, net (excluding goodwill)931331852589572102
Restricted cash and investments   2311  
Deferred income tax assets18176 
Other noncurrent assets42524545445053
Defined benefit plan, assets for plan benefits10
Other undisclosed noncurrent assets  64655093109
Total noncurrent assets:1,6441,6771,7111,7131,256845922
TOTAL ASSETS:2,3942,6072,7082,6092,1061,5781,681
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities319318470461369266278
Accounts payable193216328310262173186
Accrued liabilities   47   
Employee-related liabilities1148611989918277
Taxes payable12162215161015
Deferred revenue83113100
Debt 18 28201411
Restructuring reserve   36   
Deferred revenue and credits416573
Other liabilities81736470574479
Other undisclosed current liabilities18283958212537
Total current liabilities:501550671653508413478
Noncurrent Liabilities
Long-term debt and lease obligation5089691,001988594290360
Long-term debt, excluding current maturities450903932988594290360
Operating lease, liability576769
Liabilities, other than long-term debt229234218221185206203
Deferred tax liabilities, net2232
Deferred income tax liabilities22 
Liability, pension and other postretirement and postemployment benefits881199992968486
Other liabilities13911311912888118116
Other undisclosed noncurrent liabilities14131713141818
Total noncurrent liabilities:7501,2171,2361,222793514581
Total liabilities:1,2511,7671,9071,8751,3019271,059
Stockholders' equity
Stockholders' equity attributable to parent1,116817777713786632605
Common stock1,7801,3891,3581,3341,2951,2701,247
Accumulated other comprehensive loss(148)(139)(205)(196)(170)(229)(201)
Accumulated deficit(516)(434)(376)(425)(338)(410)(441)
Stockholders' equity attributable to noncontrolling interest27242421191918
Total stockholders' equity:1,143840801734806650623
TOTAL LIABILITIES AND EQUITY:2,3942,6072,7082,6092,1061,5781,681

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,9822,1732,5022,3762,0182,0131,884
Revenue, net2,0182,0131,884
Cost of revenue
(Cost of Goods and Services Sold)
(1,408)(1,571)(1,750)(1,646)(1,343)(1,353)(1,327)
Gross profit:573602752730675660557
Operating expenses(652)(613)(620)(780)(524)(564)(504)
Operating income (loss):(79)(10)133(50)1519653
Nonoperating expense(45)(46)(60)(59)(17)(12)(16)
Other nonoperating expense(17)(5)(9)(3)(7)(2)(4)
Interest and debt expense(10)(44)(52)(58)(12)(11)(1)
Other undisclosed income from continuing operations before equity method investments, income taxes 44525812111
Income (loss) from continuing operations before equity method investments, income taxes:(134)(57)73(109)1358537
Other undisclosed income from continuing operations before income taxes10      
Income (loss) from continuing operations before income taxes:(124)(57)73(109)1358537
Income tax expense (benefit)46(0)(21)13(74)(50)(22)
Net income (loss):(78)(57)52(97)603515
Net loss attributable to noncontrolling interest(3)(1)(3)(3) (3)(2)
Other undisclosed net loss attributable to parent    (3)  
Net income (loss) available to common stockholders, diluted:(81)(58)49(99)573213

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(78)(57)52(97)603515
Other comprehensive income (loss)(10)66(8)(26)59(29)(66)
Comprehensive income (loss):(88)944(122)1196(51)
Comprehensive loss, net of tax, attributable to noncontrolling interest(3)(1)(3)(3) (3)(2)
Other undisclosed comprehensive loss, net of tax, attributable to parent    (3)  
Comprehensive income (loss), net of tax, attributable to parent:(91)841(125)1163(53)

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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