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Consolidated Statements of Operations - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Total revenues $ 2,173,633,000 $ 1,795,564,000 $ 1,981,572,000
Total cost of revenues 1,459,725,000 1,273,375,000 1,408,403,000
Gross profit 713,908,000 522,189,000 573,169,000
Operating expenses      
Sales, general and administrative 312,779,000 290,453,000 300,520,000
Research and development 208,688,000 185,098,000 197,235,000
Amortization of intangible assets 18,918,000 25,717,000 35,801,000
Restructuring 43,989,000 (13,625,000) 54,623,000
Loss on sale of businesses 667,000 3,505,000 64,289,000
Goodwill impairment 0 38,480,000 0
Total operating expenses 585,041,000 529,628,000 652,468,000
Operating income (loss) 128,867,000 (7,439,000) (79,299,000)
Other income (expense)      
Interest income 9,314,000 2,633,000 1,557,000
Interest expense (8,349,000) (6,724,000) (28,638,000)
Other income (expense), net (2,446,000) (4,213,000) (17,430,000)
Total other income (expense) (1,481,000) (8,304,000) (44,511,000)
Total income (loss) before income taxes 127,386,000 (15,743,000) (123,810,000)
Income tax benefit (provision) (29,068,000) 6,196,000 45,512,000
Net income (loss) 98,318,000 (9,547,000) (78,298,000)
Net income attributable to noncontrolling interests 1,395,000 185,000 2,957,000
Net income (loss) attributable to Itron, Inc. $ 96,923,000 $ (9,732,000) $ (81,255,000)
Net income (loss) per common share - Basic (in dollars per share) $ 2.13 $ (0.22) $ (1.83)
Net income (loss) per common share - Diluted (in dollars per share) $ 2.11 $ (0.22) $ (1.83)
Weighted average common shares outstanding - Basic (in shares) 45,421 45,101 44,301
Weighted average common shares outstanding - Diluted (in shares) 45,836 45,101 44,301
Product revenues      
Total revenues $ 1,863,489,000 $ 1,500,243,000 $ 1,678,195,000
Total cost of revenues 1,292,170,000 1,102,475,000 1,231,230,000
Service revenues      
Total revenues 310,144,000 295,321,000 303,377,000
Total cost of revenues $ 167,555,000 $ 170,900,000 $ 177,173,000