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10-Q Filing

ITRON, INC. CIK: 780571 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0000780571-18-000024
Period End Date 20180331
Filing Date 20180515
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance itri-20180331.xml
Filing Contents
Balance Sheet 85 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $176.27M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $187.93M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $143.95M USD Point-in-time
Accounts receivable, net ReceivablesNetCurrent $398.03M USD Point-in-time
Common Stock, Shares Authorized CommonStockSharesAuthorized 75.00M shares Point-in-time
Common Stock, Shares Authorized CommonStockSharesAuthorized 75.00M shares Point-in-time
Accounts receivable, net ReceivablesNetCurrent $481.39M USD Point-in-time
Common Stock, Shares, Issued CommonStockSharesIssued 38.77M shares Point-in-time
Common Stock, Shares, Issued CommonStockSharesIssued 39.18M shares Point-in-time
Inventories InventoryNet $193.84M USD Point-in-time
Inventories InventoryNet $209.37M USD Point-in-time
Common Stock, Shares, Outstanding CommonStockSharesOutstanding 38.77M shares Point-in-time
Other current assets OtherAssetsCurrent $97.92M USD Point-in-time
Other current assets OtherAssetsCurrent $81.60M USD Point-in-time
Common Stock, Shares, Outstanding CommonStockSharesOutstanding 39.18M shares Point-in-time
Preferred Stock, No Par Value PreferredStockNoParValue - USD Point-in-time
Total current assets AssetsCurrent $849.74M USD Point-in-time
Total current assets AssetsCurrent $932.64M USD Point-in-time
Preferred Stock, Shares Authorized PreferredStockSharesAuthorized 10.00M shares Point-in-time
Preferred Stock, Shares Authorized PreferredStockSharesAuthorized 10.00M shares Point-in-time
Property, plant, and equipment, net PropertyPlantAndEquipmentNet $200.77M USD Point-in-time
Property, plant, and equipment, net PropertyPlantAndEquipmentNet $234.92M USD Point-in-time
Preferred Stock, Shares Issued PreferredStockSharesIssued 0.00 shares Point-in-time
Deferred tax assets, net DeferredTaxAssetsNetNoncurrent $49.97M USD Point-in-time
Deferred tax assets, net DeferredTaxAssetsNetNoncurrent $58.92M USD Point-in-time
Preferred Stock, Shares Issued PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred Stock, Shares Outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Restricted Cash, Noncurrent RestrictedCashNoncurrent - USD Point-in-time
Restricted Cash, Noncurrent RestrictedCashNoncurrent $311.01M USD Point-in-time
Restricted Cash, Noncurrent RestrictedCashNoncurrent $1.47M USD Point-in-time
Preferred Stock, Shares Outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Other long-term assets OtherAssetsNoncurrent $46.84M USD Point-in-time
Other long-term assets OtherAssetsNoncurrent $43.67M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $95.23M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $318.98M USD Point-in-time
Goodwill Goodwill $555.76M USD Point-in-time
Goodwill Goodwill $1.14B USD Point-in-time
Total assets Assets $2.11B USD Point-in-time
Total assets Assets $2.74B USD Point-in-time
Accounts payable AccountsPayableCurrent $275.70M USD Point-in-time
Accounts payable AccountsPayableCurrent $262.17M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $90.26M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $56.74M USD Point-in-time
Wages and benefits payable EmployeeRelatedLiabilitiesCurrent $119.31M USD Point-in-time
Wages and benefits payable EmployeeRelatedLiabilitiesCurrent $90.50M USD Point-in-time
Taxes payable TaxesPayableCurrent $22.66M USD Point-in-time
Taxes payable TaxesPayableCurrent $16.10M USD Point-in-time
Current portion of debt LongTermDebtCurrent $16.25M USD Point-in-time
Current portion of debt LongTermDebtCurrent $19.69M USD Point-in-time
Current portion of warranty StandardProductWarrantyAccrualCurrent $26.53M USD Point-in-time
Current portion of warranty StandardProductWarrantyAccrualCurrent $21.15M USD Point-in-time
Unearned revenue DeferredRevenueCurrent $41.44M USD Point-in-time
Unearned revenue DeferredRevenueCurrent $87.29M USD Point-in-time
Total current liabilities LiabilitiesCurrent $638.01M USD Point-in-time
Total current liabilities LiabilitiesCurrent $507.78M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $1.11B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $593.57M USD Point-in-time
Long-term warranty StandardProductWarrantyAccrualNoncurrent $15.45M USD Point-in-time
Long-term warranty StandardProductWarrantyAccrualNoncurrent $13.71M USD Point-in-time
Pension benefit obligation DefinedBenefitPensionPlanLiabilitiesNoncurrent $95.72M USD Point-in-time
Pension benefit obligation DefinedBenefitPensionPlanLiabilitiesNoncurrent $100.05M USD Point-in-time
Deferred tax liabilities, net DeferredTaxLiabilitiesNoncurrent $1.52M USD Point-in-time
Deferred tax liabilities, net DeferredTaxLiabilitiesNoncurrent $1.57M USD Point-in-time
Other long-term obligations OtherLiabilitiesNoncurrent $88.21M USD Point-in-time
Other long-term obligations OtherLiabilitiesNoncurrent $171.32M USD Point-in-time
Total liabilities Liabilities $1.30B USD Point-in-time
Total liabilities Liabilities $2.03B USD Point-in-time
Commitments and contingencies (Note 11) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 11) CommitmentsAndContingencies - USD Point-in-time
Preferred stock, no par value, 10 million shares authorized, no shares issued or outstanding PreferredStockValue - USD Point-in-time
Preferred stock, no par value, 10 million shares authorized, no shares issued or outstanding PreferredStockValue - USD Point-in-time
Common stock, no par value, 75 million shares authorized, 39,181 and 38,771 shares issued and outstanding CommonStockValue $1.31B USD Point-in-time
Common stock, no par value, 75 million shares authorized, 39,181 and 38,771 shares issued and outstanding CommonStockValue $1.29B USD Point-in-time
Accumulated other comprehensive loss, net AccumulatedOtherComprehensiveIncomeLossNetOfTax $-170.48M USD Point-in-time
Accumulated other comprehensive loss, net AccumulatedOtherComprehensiveIncomeLossNetOfTax $-152.59M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-337.87M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-471.81M USD Point-in-time
Total Itron, Inc. shareholders' equity StockholdersEquity $685.97M USD Point-in-time
Total Itron, Inc. shareholders' equity StockholdersEquity $786.42M USD Point-in-time
Noncontrolling interests MinorityInterest $18.63M USD Point-in-time
Noncontrolling interests MinorityInterest $19.22M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $704.60M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $805.63M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $2.74B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $2.11B USD Point-in-time
Income Statement 54 line items
Line Item Tag Value Unit Period
Sales Revenue, Goods, Net SalesRevenueGoodsNet $537.11M USD 1 Quarter
Sales Revenue, Goods, Net SalesRevenueGoodsNet $432.37M USD 1 Quarter
Sales Revenue, Services, Net SalesRevenueServicesNet $70.11M USD 1 Quarter
Sales Revenue, Services, Net SalesRevenueServicesNet $45.23M USD 1 Quarter
Revenues SalesRevenueNet $607.22M USD 1 Quarter
Revenues SalesRevenueNet $477.59M USD 1 Quarter
Cost of Goods Sold CostOfGoodsSold $287.09M USD 1 Quarter
Cost of Goods Sold CostOfGoodsSold $382.85M USD 1 Quarter
Cost of Services CostOfServices $44.52M USD 1 Quarter
Cost of Services CostOfServices $32.86M USD 1 Quarter
Cost of revenues CostOfGoodsAndServicesSold $319.95M USD 1 Quarter
Cost of revenues CostOfGoodsAndServicesSold $427.37M USD 1 Quarter
Gross profit GrossProfit $157.64M USD 1 Quarter
Gross profit GrossProfit $179.85M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $41.26M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $51.92M USD 1 Quarter
Product development ResearchAndDevelopmentExpense $60.28M USD 1 Quarter
Product development ResearchAndDevelopmentExpense $40.77M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $102.49M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $37.19M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $4.55M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $17.74M USD 1 Quarter
Restructuring RestructuringCharges $87.86M USD 1 Quarter
Restructuring RestructuringCharges $3.05M USD 1 Quarter
Total operating expenses OperatingExpenses $320.30M USD 1 Quarter
Total operating expenses OperatingExpenses $126.81M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $30.83M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $-140.45M USD 1 Quarter
Interest income InterestIncomeOther $269.00K USD 1 Quarter
Interest income InterestIncomeOther $661.00K USD 1 Quarter
Interest expense InterestExpense $15.50M USD 1 Quarter
Interest expense InterestExpense $3.20M USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $-1.17M USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $-2.84M USD 1 Quarter
Total other income (expense) NonoperatingIncomeExpense $-16.01M USD 1 Quarter
Total other income (expense) NonoperatingIncomeExpense $-5.77M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-156.46M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $25.06M USD 1 Quarter
Income tax benefit (provision) IncomeTaxExpenseBenefit $-11.19M USD 1 Quarter
Income tax benefit (provision) IncomeTaxExpenseBenefit $9.05M USD 1 Quarter
Net income (loss) ProfitLoss $16.01M USD 1 Quarter
Net income (loss) ProfitLoss $-145.27M USD 1 Quarter
Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $169.00K USD 1 Quarter
Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $396.00K USD 1 Quarter
Net income (loss) attributable to Itron, Inc. NetIncomeLoss $15.85M USD 1 Quarter
Net income (loss) attributable to Itron, Inc. NetIncomeLoss $-145.67M USD 1 Quarter
Earnings (loss) per common share - Basic EarningsPerShareBasic $0.41 USD 1 Quarter
Earnings (loss) per common share - Basic EarningsPerShareBasic $-3.74 USD 1 Quarter
Earnings (loss) per common share - Diluted EarningsPerShareDiluted $0.40 USD 1 Quarter
Earnings (loss) per common share - Diluted EarningsPerShareDiluted $-3.74 USD 1 Quarter
Weighted average common shares outstanding - Basic WeightedAverageNumberOfSharesOutstandingBasic 38.95M shares 1 Quarter
Weighted average common shares outstanding - Basic WeightedAverageNumberOfSharesOutstandingBasic 38.47M shares 1 Quarter
Weighted average common shares outstanding - Diluted WeightedAverageNumberOfDilutedSharesOutstanding 39.22M shares 1 Quarter
Weighted average common shares outstanding - Diluted WeightedAverageNumberOfDilutedSharesOutstanding 38.95M shares 1 Quarter
Cash Flow Statement 69 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $16.01M USD 1 Quarter
Net income (loss) ProfitLoss $-145.27M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $31.07M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $14.38M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $5.21M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $8.10M USD 1 Quarter
Amortization of prepaid debt fees AmortizationOfFinancingCosts $3.39M USD 1 Quarter
Amortization of prepaid debt fees AmortizationOfFinancingCosts $266.00K USD 1 Quarter
Deferred taxes, net IncreaseDecreaseInDeferredIncomeTaxes $-882.00K USD 1 Quarter
Deferred taxes, net IncreaseDecreaseInDeferredIncomeTaxes $16.51M USD 1 Quarter
Restructuring, non-cash RestructuringCosts - USD 1 Quarter
Restructuring, non-cash RestructuringCosts $47.00K USD 1 Quarter
Other adjustments, net OtherNoncashIncomeExpense $-946.00K USD 1 Quarter
Other adjustments, net OtherNoncashIncomeExpense $106.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-13.12M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $7.77M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $11.27M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $253.00K USD 1 Quarter
Other current assets IncreaseDecreaseInOtherCurrentAssets $11.17M USD 1 Quarter
Other current assets IncreaseDecreaseInOtherCurrentAssets $8.85M USD 1 Quarter
Other long-term assets IncreaseDecreaseInOtherNoncurrentAssets $-4.51M USD 1 Quarter
Other long-term assets IncreaseDecreaseInOtherNoncurrentAssets $-646.00K USD 1 Quarter
Accounts payable, other current liabilities, and taxes payable IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $7.83M USD 1 Quarter
Accounts payable, other current liabilities, and taxes payable IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $28.28M USD 1 Quarter
Wages and benefits payable IncreaseDecreaseInEmployeeRelatedLiabilities $-1.80M USD 1 Quarter
Wages and benefits payable IncreaseDecreaseInEmployeeRelatedLiabilities $16.44M USD 1 Quarter
Unearned revenue IncreaseDecreaseInDeferredRevenue $23.32M USD 1 Quarter
Unearned revenue IncreaseDecreaseInDeferredRevenue $14.02M USD 1 Quarter
Warranty Warranty $-2.30M USD 1 Quarter
Warranty Warranty $663.00K USD 1 Quarter
Other operating, net IncreaseDecreaseInOtherOperatingCapitalNet $-58.95M USD 1 Quarter
Other operating, net IncreaseDecreaseInOtherOperatingCapitalNet $3.96M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $63.26M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $-24.45M USD 1 Quarter
Acquisitions of property, plant, and equipment PaymentsToAcquirePropertyPlantAndEquipment $17.43M USD 1 Quarter
Acquisitions of property, plant, and equipment PaymentsToAcquirePropertyPlantAndEquipment $9.12M USD 1 Quarter
Business acquisitions, net of cash equivalents acquired PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Business acquisitions, net of cash equivalents acquired PaymentsToAcquireBusinessesNetOfCashAcquired $802.49M USD 1 Quarter
Other investing, net PaymentsForProceedsFromOtherInvestingActivities $-100.00K USD 1 Quarter
Other investing, net PaymentsForProceedsFromOtherInvestingActivities $78.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-9.20M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-819.82M USD 1 Quarter
Proceeds from borrowings ProceedsFromLongTermLinesOfCredit - USD 1 Quarter
Proceeds from borrowings ProceedsFromLongTermLinesOfCredit $555.94M USD 1 Quarter
Payments on debt RepaymentsOfLongTermDebt $2.81M USD 1 Quarter
Payments on debt RepaymentsOfLongTermDebt $32.40M USD 1 Quarter
Issuance of common stock ProceedsFromIssuanceOfCommonStock $405.00K USD 1 Quarter
Issuance of common stock ProceedsFromIssuanceOfCommonStock $3.38M USD 1 Quarter
Payments of Debt Issuance Costs PaymentsOfDebtIssuanceCosts - USD 1 Quarter
Payments of Debt Issuance Costs PaymentsOfDebtIssuanceCosts $24.04M USD 1 Quarter
Other financing, net ProceedsFromPaymentsForOtherFinancingActivities $155.00K USD 1 Quarter
Other financing, net ProceedsFromPaymentsForOtherFinancingActivities $-1.05M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $501.84M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-2.25M USD 1 Quarter
Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash EffectOfExchangeRateOnCashAndCashEquivalents $563.00K USD 1 Quarter
Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash EffectOfExchangeRateOnCashAndCashEquivalents $2.56M USD 1 Quarter
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $54.36M USD 1 Quarter
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $-341.87M USD 1 Quarter
Cash, cash equivalents, and restricted cash at end of period CashAndCashEquivalentsAtCarryingValue $176.27M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashAndCashEquivalentsAtCarryingValue $187.93M USD Point-in-time
Cash, cash equivalents, and restricted cash at end of period CashAndCashEquivalentsAtCarryingValue $143.95M USD Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $487.33M USD Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $145.47M USD Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $187.93M USD Point-in-time
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $133.56M USD Point-in-time
Income taxes, net IncomeTaxesPaidNet $1.22M USD 1 Quarter
Income taxes, net IncomeTaxesPaidNet $1.50M USD 1 Quarter
Interest InterestPaidNet $6.88M USD 1 Quarter
Interest InterestPaidNet $2.42M USD 1 Quarter
Comprehensive Income 16 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $16.01M USD 1 Quarter
Net income (loss) ProfitLoss $-145.27M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $15.02M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $16.30M USD 1 Quarter
Net unrealized gain (loss) on derivative instruments, designated as cash flow hedges OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $292.00K USD 1 Quarter
Net unrealized gain (loss) on derivative instruments, designated as cash flow hedges OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $1.17M USD 1 Quarter
Pension benefit obligation adjustment OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-401.00K USD 1 Quarter
Pension benefit obligation adjustment OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-414.00K USD 1 Quarter
Total other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTax $17.88M USD 1 Quarter
Total other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTax $15.71M USD 1 Quarter
Total comprehensive income (loss), net of tax ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-127.39M USD 1 Quarter
Total comprehensive income (loss), net of tax ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $31.72M USD 1 Quarter
Comprehensive income attributable to noncontrolling interests, net of tax ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $169.00K USD 1 Quarter
Comprehensive income attributable to noncontrolling interests, net of tax ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $396.00K USD 1 Quarter
Comprehensive income (loss) attributable to Itron, Inc. ComprehensiveIncomeNetOfTax $-127.78M USD 1 Quarter
Comprehensive income (loss) attributable to Itron, Inc. ComprehensiveIncomeNetOfTax $31.55M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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