Income Statement

Income Statement

Income Statement

  Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update) Year Ending Dec 2017 (Reclassified)
Net Sales 2,502.47 2,376.12 2,018.20
Revenue 2,502.47 2,376.12 2,018.20
Total Revenue 2,502.47 2,376.12 2,018.20
Cost of Revenue 1,750.15 1,645.80 1,341.45
Cost of Revenue, Total 1,750.15 1,645.80 1,341.45
Gross Profit 752.32 730.32 676.75
Selling/General/Administrative Expense 346.87 423.21 325.26
Selling/General/Administrative Expenses, Total 346.87 423.21 325.26
Research & Development 202.20 207.91 169.41
Amortization of Intangibles, Operating 64.29 71.71 20.79
Depreciation/Amortization 64.29 71.71 20.79
Restructuring Charge 6.28 77.18 6.42
Impairment-Assets Held for Use -- -- --
Unusual Expense (Income) 6.28 77.18 6.42
Total Operating Expense 2,369.79 2,425.81 1,863.32
Operating Income 132.68 -49.69 154.88
Interest Income, Non-Operating 1.85 2.15 2.13
Investment Income, Non-Operating -2.43 3.83 -6.01
Interest/Investment Income, Non-Operating -0.58 5.98 -3.88
Interest Income (Expense), Net-Non-Operating, Total -53.03 -52.60 -18.00
Other Non-Operating Income (Expense) -6.62 -6.86 -2.30
Other, Net -6.62 -6.86 -2.30
Net Income Before Taxes 73.03 -109.15 134.58
Income Tax – Total 20.62 -12.57 43.90
Income After Tax 52.42 -96.58 90.67
Minority Interest -3.41 -2.67 -2.95
Net Income Before Extraordinary Items 49.01 -99.25 87.72
Extraordinary Item -- 0.00 -30.42
Total Extraordinary Items -- 0.00 -30.42
Net Income 49.01 -99.25 57.30
Income Available to Common Excluding Extraordinary Items 49.01 -99.25 87.72
Income Available to Common Stocks Including Extraordinary Items 49.01 -99.25 57.30
Basic Weighted Average Shares 39.56 39.24 38.66
Basic EPS Excluding Extraordinary Items 1.24 -2.53 2.27
Basic EPS Including Extraordinary Items 1.24 -2.53 1.48
Dilution Adjustment -- -- --
Diluted Net Income 49.01 -99.25 57.30
Diluted Weighted Average Shares 39.98 39.24 39.39
Diluted EPS Excluding Extraordinary Items 1.23 -2.53 2.23
Diluted EPS Including Extraordinary Items 1.23 -2.53 1.45
DPS - Common Stock Primary Issue -- -- --
Gross Dividends - Common Stock 0.00 0.00 0.00
Total Special Items 6.28 77.18 6.42
Normalized Income Before Taxes 79.31 -31.97 140.99
Effect of Special Items on Income Taxes 1.77 27.01 2.09
Income Taxes Excluding Impact of Special Items 22.39 14.44 46.00
Normalized Income After Taxes 56.92 -46.41 95.00
Normalized Income Available to Common 53.51 -49.08 92.05
Basic Normalized EPS 1.35 -1.25 2.38
Diluted Normalized EPS 1.34 -1.25 2.34
Amortization of Intangibles, Supplemental 64.29 71.71 20.79
Depreciation, Supplemental 50.11 50.78 42.43
Rental Expense, Supplemental 25.32 24.45 14.82
Stock-Based Compensation, Supplemental 30.26 33.43 23.15
Minority Interest, Supplemental -3.41 -2.67 -2.95
Research & Development Expense, Supplemental 202.20 207.91 169.41
Audit-Related Fees, Supplemental -- 11.49 6.12
Audit-Related Fees -- 0.00 0.98
Tax Fees, Supplemental -- 1.91 1.49
All Other Fees Paid to Auditor, Supplemental -- 0.04 0.00
Gross Margin 30.06 30.74 33.53
Operating Margin 5.30 -2.09 7.67
Pretax Margin 2.92 -4.59 6.67
Effective Tax Rate 28.23 -- 32.62
Net Profit Margin 1.96 -4.18 4.35
Normalized EBIT 138.96 27.49 161.30
Normalized EBITDA 253.36 149.99 224.51
Current Tax - Domestic 4.86 -7.70 7.68
Current Tax - Foreign 13.77 14.62 12.14
Current Tax - Local 2.18 -0.36 3.84
Current Tax - Total 20.81 6.56 23.66
Deferred Tax - Domestic 2.33 -17.46 9.92
Deferred Tax - Foreign -6.03 -22.91 3.48
Deferred Tax - Local -1.85 -4.49 -1.14
Deferred Tax - Total -5.55 -44.86 12.25
Other Tax 5.35 25.73 7.99
Income Tax - Total 20.62 -12.57 43.90
Interest Cost - Domestic 2.28 2.32 2.26
Service Cost - Domestic 3.71 4.03 3.97
Prior Service Cost - Domestic 0.07 0.06 0.06
Expected Return on Assets - Domestic -0.61 -0.67 -0.59
Actuarial Gains and Losses - Domestic 1.65 1.53 2.31
Curtailments & Settlements - Domestic 0.25 0.00 -0.59
Domestic Pension Plan Expense 7.35 7.28 7.42
Defined Contribution Expense - Domestic 66.32 27.06 51.71
Total Pension Expense 73.66 34.34 59.13
Discount Rate - Domestic 2.24 2.21 2.18
Expected Rate of Return - Domestic 5.19 5.58 5.58
Compensation Rate - Domestic 3.60 3.64 3.65
Total Plan Interest Cost 2.28 2.32 2.26
Total Plan Service Cost 3.71 4.03 3.97
Total Plan Expected Return -0.61 -0.67 -0.59

In millions of USD (except for per share items)

Copyright Refinitiv

 

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