- Why Itron
- Solutions
- What We Enable
- Advanced Metering Infrastructure
- Automated Meter Reading
- Analytics
- Distributed Energy Management
- Distribution Automation
- Meter Data Management
- Smart City Solutions
- Industrial IoT Solutions
- How We Deliver
- Devices
- Networks
- Outcomes
- Services
- Use Case Portfolio
- Use Case Portfolio
- Product Catalog
- Product Catalog
Income Statement
Income Statement
Income Statement
| Year Ending Dec 2020 (Update) | Year Ending Dec 2019 (Update) | Year Ending Dec 2018 (Update) | |
|---|---|---|---|
| Net Sales | 2,173.35 | 2,502.47 | 2,376.12 |
| Revenue | 2,173.35 | 2,502.47 | 2,376.12 |
| Total Revenue | 2,173.35 | 2,502.47 | 2,376.12 |
| Cost of Revenue | 1,571.18 | 1,750.15 | 1,645.80 |
| Cost of Revenue, Total | 1,571.18 | 1,750.15 | 1,645.80 |
| Gross Profit | 602.17 | 752.32 | 730.32 |
| Selling/General/Administrative Expense | 276.92 | 346.87 | 423.21 |
| Selling/General/Administrative Expenses, Total | 276.92 | 346.87 | 423.21 |
| Research & Development | 194.10 | 202.20 | 207.91 |
| Amortization of Intangibles, Operating | 44.71 | 64.29 | 71.71 |
| Depreciation/Amortization | 44.71 | 64.29 | 71.71 |
| Restructuring Charge | 37.01 | 6.28 | 77.18 |
| Impairment-Assets Held for Use | -- | -- | -- |
| Other Unusual Expense (Income) | 59.82 | -- | -- |
| Unusual Expense (Income) | 96.83 | 6.28 | 77.18 |
| Total Operating Expense | 2,183.75 | 2,369.79 | 2,425.81 |
| Operating Income | -10.40 | 132.68 | -49.69 |
| Interest Income, Non-Operating | 3.00 | 1.85 | 2.15 |
| Investment Income, Non-Operating | -- | -2.43 | 3.83 |
| Interest/Investment Income, Non-Operating | 3.00 | -0.58 | 5.98 |
| Interest Income (Expense), Net-Non-Operating, Total | -41.00 | -53.03 | -52.60 |
| Other Non-Operating Income (Expense) | -5.24 | -6.62 | -6.86 |
| Other, Net | -5.24 | -6.62 | -6.86 |
| Net Income Before Taxes | -56.64 | 73.03 | -109.15 |
| Income Tax – Total | 0.24 | 20.62 | -12.57 |
| Income After Tax | -56.88 | 52.42 | -96.58 |
| Minority Interest | -1.08 | -3.41 | -2.67 |
| Net Income Before Extraordinary Items | -57.96 | 49.01 | -99.25 |
| Extraordinary Item | -- | -- | 0.00 |
| Total Extraordinary Items | -- | -- | 0.00 |
| Net Income | -57.96 | 49.01 | -99.25 |
| Income Available to Common Excluding Extraordinary Items | -57.96 | 49.01 | -99.25 |
| Income Available to Common Stocks Including Extraordinary Items | -57.96 | 49.01 | -99.25 |
| Basic Weighted Average Shares | 40.25 | 39.56 | 39.24 |
| Basic EPS Excluding Extraordinary Items | -1.44 | 1.24 | -2.53 |
| Basic EPS Including Extraordinary Items | -1.44 | 1.24 | -2.53 |
| Diluted Net Income | -57.96 | 49.01 | -99.25 |
| Diluted Weighted Average Shares | 40.25 | 39.98 | 39.24 |
| Diluted EPS Excluding Extraordinary Items | -1.44 | 1.23 | -2.53 |
| Diluted EPS Including Extraordinary Items | -1.44 | 1.23 | -2.53 |
| DPS - Common Stock Primary Issue | -- | -- | -- |
| Gross Dividends - Common Stock | 0.00 | 0.00 | 0.00 |
| Other Unusual Expense (Income), Supplemental | 0.99 | -- | -- |
| Non-Recurring Items, Total | 0.99 | -- | -- |
| Total Special Items | 97.82 | 6.28 | 77.18 |
| Normalized Income Before Taxes | 41.18 | 79.31 | -31.97 |
| Effect of Special Items on Income Taxes | 34.24 | 1.77 | 27.01 |
| Income Taxes Excluding Impact of Special Items | 34.48 | 22.39 | 14.44 |
| Normalized Income After Taxes | 6.71 | 56.92 | -46.41 |
| Normalized Income Available to Common | 5.63 | 53.51 | -49.08 |
| Basic Normalized EPS | 0.14 | 1.35 | -1.25 |
| Diluted Normalized EPS | 0.14 | 1.34 | -1.25 |
| Amortization of Intangibles, Supplemental | 44.71 | 64.29 | 71.71 |
| Depreciation, Supplemental | 52.58 | 50.11 | 50.78 |
| Rental Expense, Supplemental | 22.08 | 25.32 | 24.45 |
| Stock-Based Compensation, Supplemental | 28.77 | 30.26 | 33.43 |
| Minority Interest, Supplemental | -1.08 | -3.41 | -2.67 |
| Research & Development Expense, Supplemental | 194.10 | 202.20 | 207.91 |
| Audit-Related Fees, Supplemental | -- | -- | 11.49 |
| Audit-Related Fees | -- | -- | 0.00 |
| Tax Fees, Supplemental | -- | -- | 1.91 |
| All Other Fees Paid to Auditor, Supplemental | -- | -- | 0.04 |
| Gross Margin | 27.71 | 30.06 | 30.74 |
| Operating Margin | -0.48 | 5.30 | -2.09 |
| Pretax Margin | -2.61 | 2.92 | -4.59 |
| Effective Tax Rate | -- | 28.23 | -- |
| Net Profit Margin | -2.67 | 1.96 | -4.18 |
| Normalized EBIT | 87.43 | 138.96 | 27.49 |
| Normalized EBITDA | 184.72 | 253.36 | 149.99 |
| Current Tax - Domestic | -0.96 | 4.86 | -7.70 |
| Current Tax - Foreign | 12.41 | 13.77 | 14.62 |
| Current Tax - Local | 1.73 | 2.18 | -0.36 |
| Current Tax - Total | 13.18 | 20.81 | 6.56 |
| Deferred Tax - Domestic | -2.85 | 2.33 | -17.46 |
| Deferred Tax - Foreign | -60.44 | -6.03 | -22.91 |
| Deferred Tax - Local | -3.34 | -1.85 | -4.49 |
| Deferred Tax - Total | -66.64 | -5.55 | -44.86 |
| Other Tax | 53.70 | 5.35 | 25.73 |
| Income Tax - Total | 0.24 | 20.62 | -12.57 |
| Interest Cost - Domestic | 1.82 | 2.28 | 2.32 |
| Service Cost - Domestic | 4.03 | 3.71 | 4.03 |
| Prior Service Cost - Domestic | 0.07 | 0.07 | 0.06 |
| Expected Return on Assets - Domestic | -0.45 | -0.61 | -0.67 |
| Actuarial Gains and Losses - Domestic | 2.26 | 1.65 | 1.53 |
| Curtailments & Settlements - Domestic | 0.29 | 0.25 | 0.00 |
| Domestic Pension Plan Expense | 8.00 | 7.35 | 7.28 |
| Defined Contribution Expense - Domestic | 29.88 | 66.32 | 27.06 |
| Total Pension Expense | 37.88 | 73.66 | 34.34 |
| Discount Rate - Domestic | 1.76 | 2.24 | 2.21 |
| Expected Rate of Return - Domestic | 4.89 | 5.19 | 5.58 |
| Compensation Rate - Domestic | 3.76 | 3.60 | 3.64 |
| Total Plan Interest Cost | 1.82 | 2.28 | 2.32 |
| Total Plan Service Cost | 4.03 | 3.71 | 4.03 |
| Total Plan Expected Return | -0.45 | -0.61 | -0.67 |
In millions of USD (except for per share items)
Copyright Refinitiv
Get to know Itron by the numbers.
Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure services to communities in more than 100 countries. Download our Corporate Fact Sheet to learn more about who we are and what we do.