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Consolidated Statements of Operations - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Total revenues $ 1,981,572,000 $ 2,173,350,000 $ 2,502,470,000
Total cost of revenues 1,408,403,000 1,571,183,000 1,750,151,000
Gross profit 573,169,000 602,167,000 752,319,000
Operating expenses      
Sales, general and administrative 300,520,000 276,920,000 346,872,000
Research and development 197,235,000 194,101,000 202,200,000
Amortization of intangible assets 35,801,000 44,711,000 64,286,000
Restructuring 54,623,000 37,013,000 6,278,000
Gain (Loss) on Disposition of Other Assets 64,289,000 59,817,000 0
Total operating expenses 652,468,000 612,562,000 619,636,000
Operating income (loss) (79,299,000) (10,395,000) 132,683,000
Other income (expense)      
Interest income 1,557,000 2,998,000 1,849,000
Interest expense (28,638,000) (44,001,000) (52,453,000)
Other income (expense), net (17,430,000) (5,241,000) (9,047,000)
Total other income (expense) (44,511,000) (46,244,000) (59,651,000)
Total income (loss) before income taxes (123,810,000) (56,639,000) 73,032,000
Income tax benefit (provision) 45,512,000 (238,000) (20,617,000)
Net income (loss) (78,298,000) (56,877,000) 52,415,000
Net income attributable to noncontrolling interests 2,957,000 1,078,000 3,409,000
Net income (loss) attributable to Itron, Inc. $ (81,255,000) $ (57,955,000) $ 49,006,000
Earnings (loss) per common share - Basic (in dollars per share) $ (1.83) $ (1.44) $ 1.24
Earnings (loss) per common share - Diluted (in dollars per share) $ (1.83) $ (1.44) $ 1.23
Weighted average common shares outstanding - Basic (in shares) 44,301 40,253 39,556
Weighted average common shares outstanding - Diluted (in shares) 44,301 40,253 39,980
Product revenues      
Total revenues $ 1,678,195,000 $ 1,889,173,000 $ 2,220,395,000
Total cost of revenues 1,231,230,000 1,408,615,000 1,587,710,000
Service revenues      
Total revenues 303,377,000 284,177,000 282,075,000
Total cost of revenues $ 177,173,000 $ 162,568,000 $ 162,441,000