ITRON, INC. ITRI Income Statement

Itron, inc. (ITRI)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenues
Revenues
598,415	628,383	624,474	635,037	614,576	587,044	595,962	585,890	607,221	550,776	486,747	503,082	477,592	495,713	506,859	513,024	497,590	496,448	469,528	470,811	446,746	510,521	482,352	482,314	472,429	512,823	495,491	482,175	447,536	523,335	504,063	579,140	571,640	642,477	615,555	612,401	563,691	620,658	573,651	567,339	497,623	408,358	413,748
Cost of revenues
Cost of revenues
426,849	450,945	428,070	443,823	427,313	410,254	398,865	409,313	427,366	375,694	320,992	324,805	319,955	336,838	336,110	343,319	334,387	344,029	322,238	352,257	308,324	355,280	337,053	321,627	319,606	347,850	345,407	322,587	307,413	359,835	332,266	382,395	388,535	449,944	438,559	420,450	378,713	432,866	391,888	393,283	340,559	278,879	280,639
Gross profit
171,566	177,438	196,404	191,214	187,263	176,790	197,097	176,577	179,855	175,082	165,755	178,277	157,637	158,875	170,749	169,705	163,203	152,419	147,290	118,554	138,422	155,241	145,299	160,687	152,823	164,973	150,084	159,588	140,123	163,500	171,797	196,745	183,105	192,533	176,996	191,951	184,978	187,792	181,763	174,056	157,064	129,479	133,109
Operating expenses
Sales, general and administrative
80,498	82,232	83,666	88,259	92,715	90,377	89,556	88,863	154,414	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sales and marketing
-	-	-	-	-	-	-	-	-	-	40,529	44,514	41,255	-	38,894	39,376	40,767	38,078	39,217	43,058	41,027	46,964	44,559	45,371	45,609	44,239	44,050	46,182	48,216	51,987	44,913	50,847	49,856	47,086	44,870	48,671	44,478	47,327	41,197	40,974	41,537	37,669	37,925
Research and development
53,781	51,649	50,612	49,449	50,490	45,607	47,239	54,775	60,284	43,161	42,455	43,024	40,767	39,680	39,386	43,354	45,346	35,935	41,559	43,318	41,522	44,751	42,357	43,958	44,434	46,236	41,495	43,481	44,208	44,358	43,299	46,640	44,356	42,158	38,377	40,628	40,142	39,066	34,038	33,022	33,040	31,077	30,809
General and administrative
-	-	-	-	-	-	-	-	-	-	39,598	43,098	37,187	-	40,384	45,328	45,069	52,520	31,118	32,492	39,585	47,970	36,603	38,029	39,864	39,760	32,260	38,317	33,595	37,527	30,743	33,450	36,570	38,281	33,492	36,463	34,672	40,174	30,710	33,285	33,057	26,606	28,467
Amortization of intangible assets
11,165	16,118	16,095	16,100	15,973	18,013	17,960	18,000	17,740	5,666	5,600	4,970	4,549	6,110	4,996	7,796	6,210	7,943	7,869	7,888	7,973	10,523	10,917	11,109	11,070	10,640	10,388	10,247	10,744	11,943	11,929	12,025	11,913	15,587	16,013	16,197	15,597	17,592	16,882	16,766	17,811	25,121	24,189
Restructuring
-248	-1,407	6,592	-6,169	7,262	-5,725	666	-5,623	87,865	-999	-678	5,043	3,052	7,796	40,679	-1,622	2,237	1,565	587	-4,234	-5,181	51,699	57	-8,657	6,383	3,570	28,379	3,385	1,013	-1,790	-5,054	7,720	789	65,079	1,096	1,907	0	-	0	0	-	-	-
Goodwill impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	174,226	0	0	0	-	-	-	-	-	540,400	-	-	-	0	-	-	-	-
Total operating expenses
145,196	148,575	156,965	147,656	166,440	148,273	155,421	156,014	320,303	126,886	127,529	140,649	126,810	123,339	164,339	134,232	139,629	136,041	120,350	122,522	124,926	201,907	134,493	129,810	147,360	318,671	156,572	141,612	137,776	144,025	125,830	150,682	143,484	252,638	674,248	143,866	134,889	144,159	122,827	124,047	125,445	120,473	121,390
Operating income
26,370	28,863	39,439	43,558	20,823	28,517	41,676	20,563	-140,448	48,196	38,226	37,628	30,827	35,536	6,410	35,473	23,574	16,378	26,940	-3,968	13,496	-46,666	10,806	30,877	5,463	-153,698	-6,488	17,976	2,347	19,475	45,967	46,063	39,621	-60,105	-497,252	48,085	50,089	43,633	58,936	50,009	31,619	9,006	11,719
Other income (expense)
Interest income
553	470	517	534	328	428	431	633	661	658	729	470	269	271	102	221	271	321	180	212	48	181	163	53	97	-249	146	194	1,061	285	297	177	193	231	155	168	308	148	166	111	167	-45	481
Interest expense
11,277	12,554	12,868	13,496	13,535	13,883	14,171	14,645	15,504	3,769	3,466	3,411	3,199	5,177	2,691	2,735	2,918	2,953	2,799	3,855	2,682	2,765	3,015	2,912	2,910	3,165	2,847	2,336	2,338	2,521	2,551	2,606	2,437	2,464	10,796	11,420	12,114	12,688	13,328	13,965	14,923	20,075	16,399
Loss on extinguishment of debt, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,460	-
Other income (expense), net
1,066	-2,584	-2,759	-2,060	-1,644	-811	-2,434	1,003	-1,167	-632	-1,995	-3,120	-2,836	-2,636	707	-264	-1,517	-1,213	-1,119	-1,905	21	-2,193	-1,567	-1,374	-2,503	-1,286	-158	-1,742	-817	-1,520	-1,269	-779	-2,176	-2,309	-1,402	-1,350	-1,590	0	-4,423	-425	-592	-4,534	-2,877
Total other income (expense)
-9,658	-14,668	-15,110	-15,022	-14,851	-14,266	-16,174	-13,009	-16,010	-3,743	-4,732	-6,061	-5,766	-7,542	-1,882	-2,778	-4,164	-3,845	-3,738	-5,548	-2,613	-4,777	-4,419	-4,233	-5,316	-4,700	-2,859	-3,884	-2,094	-3,756	-3,523	-3,208	-4,420	-4,542	-12,043	-12,602	-13,396	-12,540	-17,585	-14,279	-15,348	-27,114	-18,795
Income before income taxes
16,712	14,195	24,329	28,536	5,972	14,251	25,502	7,554	-156,458	44,453	33,494	31,567	25,061	27,994	4,528	32,695	19,410	12,533	23,202	-9,516	10,883	-51,443	6,387	26,644	147	-158,398	-9,347	14,092	253	15,719	42,444	42,855	35,201	-64,647	-509,295	35,483	36,693	31,093	41,351	35,730	16,271	-18,108	-7,076
Income tax provision
7,550	-75	6,152	8,419	6,121	-10,878	5,715	3,781	-11,188	42,079	6,640	16,560	9,047	15,325	13,430	12,193	8,626	3,039	9,932	4,098	5,030	-4,806	2,557	5,223	1,061	1,470	-2,589	1,896	-3,243	-745	6,547	10,564	9,629	-11,099	6,042	-80	9,567	822	13,712	10,419	-8,979	-15,146	-22,365
Net income (loss)
9,162	14,270	18,177	20,117	-149	25,129	19,787	3,773	-145,270	2,374	26,854	15,007	16,014	12,669	-8,902	20,502	10,784	9,494	13,270	-13,614	5,853	-46,637	3,830	21,421	-914	-159,868	-6,758	12,196	3,496	16,464	35,897	32,291	25,572	-53,548	-515,337	35,563	27,126	-	-	-	-	-	-
Net income attributable to noncontrolling interests
478	-350	1,330	671	1,758	1,252	-95	1,116	396	594	1,278	910	169	1,020	983	585	695	508	630	732	455	404	245	585	136	906	590	-203	926	504	550	676	219	1,083	1,745	1,127	6	-	-	-	-	-	-
Net income (loss) attributable to Itron, Inc.
8,684	14,620	16,847	19,446	-1,907	23,877	19,882	2,657	-145,666	1,780	25,576	14,097	15,845	11,649	-9,885	19,917	10,089	8,986	12,640	-14,346	5,398	-47,041	3,585	20,836	-1,050	-160,774	-7,348	12,399	2,570	15,960	35,347	31,615	25,353	-54,631	-517,082	34,436	27,120	26,570	27,639	25,311	25,250	-2,962	15,289
Earnings (loss) per common share - Basic (in dollars per share)
0.22	0.37	0.43	0.49	-0.05	0.63	0.51	0.07	-3.74	0.05	0.66	0.36	0.41	0.30	-0.26	0.52	0.27	0.23	0.33	-0.37	0.14	-1.19	0.09	0.53	-0.03	-4.09	-0.19	0.31	0.07	0.40	0.90	0.79	0.64	-1.38	-12.70	0.85	0.67	0.66	0.68	0.63	0.63	-0.07	0.40
Earnings (loss) per common share - Diluted (in dollars per share)
0.21	0.37	0.42	0.49	-0.05	0.64	0.50	0.07	-3.74	0.04	0.65	0.36	0.40	0.30	-0.26	0.52	0.26	0.23	0.33	-0.37	0.14	-1.19	0.09	0.53	-0.03	-4.08	-0.19	0.31	0.06	0.40	0.89	0.79	0.63	-1.36	-12.70	0.84	0.66	0.65	0.68	0.61	0.62	-0.07	0.40
Weighted average common shares outstanding - Basic (in shares)
40,043	39,699	39,478	39,389	39,658	39,448	39,340	39,243	38,945	38,750	38,713	38,683	38,474	38,285	38,248	38,236	38,059	37,906	38,114	38,434	38,442	38,932	39,213	39,356	39,235	39,146	39,127	39,431	39,420	39,228	39,472	39,887	39,913	40,507	40,725	40,670	40,546	40,428	40,400	40,329	40,191	40,039	37,776
Weighted average common shares outstanding - Diluted (in shares)
40,474	40,673	39,903	39,686	39,658	38,333	39,909	39,789	38,945	39,534	39,467	39,332	39,215	39,432	38,248	38,516	38,376	38,474	38,358	38,434	38,758	38,464	39,493	39,544	39,235	38,549	39,127	39,678	39,770	39,603	39,791	40,126	40,216	39,601	40,725	41,077	41,045	40,937	40,828	41,161	40,862	40,039	38,130
Product [Member]
Revenues
528,137	556,601	552,897	566,047	544,850	516,718	525,716	515,914	537,110	492,863	433,984	454,713	432,365	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of revenues
384,681	410,797	389,778	401,033	386,102	369,912	357,194	366,542	382,850	338,839	284,762	293,433	287,093	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service [Member]
Revenues
70,278	71,782	71,577	68,990	69,726	70,326	70,246	69,976	70,111	57,913	52,763	48,369	45,227	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of revenues
42,168	40,148	38,292	42,790	41,211	40,342	41,671	42,771	44,516	36,855	36,230	31,372	32,862	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-