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Consolidated Statements of Operations - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Total revenues $ 1,795,564,000 $ 1,981,572,000 $ 2,173,350,000
Total cost of revenues 1,273,375,000 1,408,403,000 1,571,183,000
Gross profit 522,189,000 573,169,000 602,167,000
Operating expenses      
Sales, general and administrative 290,453,000 300,520,000 276,920,000
Research and development 185,098,000 197,235,000 194,101,000
Amortization of intangible assets 25,717,000 35,801,000 44,711,000
Restructuring (13,625,000) 54,623,000 37,013,000
Loss on sale of businesses 3,505,000 64,289,000 59,817,000
Goodwill impairment 38,480,000 0 0
Total operating expenses 529,628,000 652,468,000 612,562,000
Operating loss (7,439,000) (79,299,000) (10,395,000)
Other income (expense)      
Interest income 2,633,000 1,557,000 2,998,000
Interest expense (6,724,000) (28,638,000) (44,001,000)
Other income (expense), net (4,213,000) (17,430,000) (5,241,000)
Total other income (expense) (8,304,000) (44,511,000) (46,244,000)
Total income (loss) before income taxes (15,743,000) (123,810,000) (56,639,000)
Income tax benefit (provision) 6,196,000 45,512,000 (238,000)
Net loss (9,547,000) (78,298,000) (56,877,000)
Net income attributable to noncontrolling interests 185,000 2,957,000 1,078,000
Net loss attributable to Itron, Inc. $ (9,732,000) $ (81,255,000) $ (57,955,000)
Earnings (loss) per common share - Basic (in dollars per share) $ (0.22) $ (1.83) $ (1.44)
Earnings (loss) per common share - Diluted (in dollars per share) $ (0.22) $ (1.83) $ (1.44)
Weighted average common shares outstanding - Basic (in shares) 45,101 44,301 40,253
Weighted average common shares outstanding - Diluted (in shares) 45,101 44,301 40,253
Product revenues      
Total revenues $ 1,500,243,000 $ 1,678,195,000 $ 1,889,173,000
Total cost of revenues 1,102,475,000 1,231,230,000 1,408,615,000
Service revenues      
Total revenues 295,321,000 303,377,000 284,177,000
Total cost of revenues $ 170,900,000 $ 177,173,000 $ 162,568,000