Itron was founded in 1977 and is headquartered in Liberty Lake, US

Itron has offices in Liberty Lake, Charlotte, Spokane, Barcelona and in 23 other locations

Liberty Lake, US (HQ)

2111 N Molter Rd

Itron's revenue was reported to be $2 b in FY, 2016 which is a **7% increase** from the previous period.

USD

## Revenue (FY, 2016) | 2 b |

## Revenue growth (FY, 2015 - FY, 2016), % | 7% |

## Gross profit (FY, 2016) | 660.3 m |

## Gross profit margin (FY, 2016), % | 33% |

## Net income (FY, 2016) | 35.1 m |

## EBIT (FY, 2016) | 96.2 m |

## Market capitalization (20-Jul-2017) | 2.9 b |

## Closing share price (20-Jul-2017) | 75.5 |

## Cash (31-Dec-2016) | 133.6 m |

## EV | 3 b |

Itron's current market capitalization is $2.9 b.

- Source: SEC Filings

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 1.9 b | 2 b | 1.9 b | 2 b |

## Revenue growth, % | 1% | (4%) | 7% | |

## Cost of goods sold | 1.3 b | 1.3 b | 322.2 m | 1.4 b |

## Gross profit | 614.5 m | 623.1 m | 1.6 b | 660.3 m |

## Gross profit Margin, % | 32% | 32% | 83% | 33% |

## Sales and marketing expense | 158.9 m | |||

## R&D expense | 168.2 m | |||

## General and administrative expense | 162.8 m | |||

## Operating expense total | 749.7 m | 619.3 m | 503.8 m | 564.1 m |

## EBIT | (135.2 m) | 3.8 m | 52.8 m | 96.2 m |

## EBIT margin, % | (7%) | 0% | 3% | 5% |

## Interest expense | (10.7 m) | (11.6 m) | (2.8 m) | (10.9 m) |

## Interest income | 1.6 m | 494 k | 180 k | 865 k |

## Pre tax profit | (148.3 m) | (14.9 m) | 23.2 m | 84.6 m |

## Income tax expense | 3.7 m | (6.6 m) | (9.9 m) | (49.6 m) |

## Net Income | (144.6 m) | (21.6 m) | 15 m | 35.1 m |

- Source: SEC Filings

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 124.8 m | 112.4 m | 131 m | 133.6 m |

## Accounts Receivable | 356.7 m | 348.4 m | 330.9 m | 351.5 m |

## Inventories | 177.5 m | 154.5 m | 190.5 m | 163 m |

## Current Assets | 799.4 m | 758.7 m | 758.9 m | 732.5 m |

## PP&E | 246.8 m | 207.8 m | 190.3 m | 176.5 m |

## Goodwill | 548.6 m | 500.8 m | 468.1 m | 452.5 m |

## Total Assets | 1.9 b | 1.7 b | 1.7 b | 1.6 b |

## Accounts Payable | 199.8 m | 184.1 m | 185.8 m | 172.7 m |

## Total Debt | 290.5 m | |||

## Current Liabilities | 455 m | 496.8 m | 477.8 m | 413 m |

## Total Liabilities | 927.5 m | |||

## Retained Earnings | (413.7 m) | (436.6 m) | (441.3 m) | (409.5 m) |

## Total Equity | 873 m | 714.5 m | 622.7 m | 650.4 m |

## Debt to Equity Ratio | 0.4 x | |||

## Debt to Assets Ratio | 0.2 x | |||

## Financial Leverage | 2.2 x | 2.4 x | 2.7 x | 2.4 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | (144.6 m) | (21.6 m) | 5.9 m | 35.1 m |

## Depreciation and Amortization | 42 m | 98.5 m | 7.9 m | 25.1 m |

## Accounts Receivable | 13.7 m | (17 m) | 237 k | (27.2 m) |

## Inventories | (11 m) | 6 m | (24 m) | 22.3 m |

## Cash From Operating Activities | (11.6 m) | (12.4 m) | 18.6 m | |

## Cash From Investing Activities | (56.8 m) | (41.5 m) | (9.6 m) | (47.5 m) |

## Cash From Financing Activities | (57.4 m) | (91.9 m) | 25.9 m | (63 m) |

## Interest Paid | 9 m | 9.9 m | 2.3 m | 9.9 m |

Y, 2016 | |
---|---|

## EV/EBIT | 31.5 x |

## Debt/Equity | 0.4 x |

## Debt/Assets | 0.2 x |

## Financial Leverage | 2.4 x |

Itron's Backlog was reported to be $1.6 b in Q1, 2017

Source: 93 public H-1B filings from Itron