ITRI FY 2006 Earnings Report — Itron, Inc. Revenue & Financial Results | Market Cap Arena

Itron, Inc.ITRI

FY 2006 Earnings

Reported February 22, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$644M	—	—	—	—
Op. Income	$62M	—	—	—	—
Gross Margin	41.5%	—	—	—	—
Net Margin	5.2%	—	—	—	—
EPS (Diluted)	$1.28	—	—	—	—
Free Cash Flow	$63M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$644M
Cost of Revenue	$377M
GROSS PROFIT	$267M
R&D Expenses	$59M
Selling & Marketing	$64M
General & Administrative	$52M
SG&A Expenses	$116M
Other Expenses	$31M
Operating Expenses	$206M
Cost & Expenses	$582M
OPERATING INCOME	$62M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$10M
INCOME BEFORE TAX	$52M
Income Tax Expense	$18M
Net Income from Continuing Ops	$34M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$34M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$34M
D&A	$51M
EBIT	$70M
EBITDA	$62M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$644M
Cost of Revenue	$377M
GROSS PROFIT	$267M
R&D Expenses	$59M
Selling & Marketing	$64M
General & Administrative	$52M
SG&A Expenses	$116M
Other Expenses	$31M
Operating Expenses	$206M
Cost & Expenses	$582M
OPERATING INCOME	$62M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$10M
INCOME BEFORE TAX	$52M
Income Tax Expense	$18M
Net Income from Continuing Ops	$34M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$34M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$34M
D&A	$51M
EBIT	$70M
EBITDA	$62M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$34M
Depreciation & Amortization	$51M
Stock-Based Compensation	-$10M
Deferred Income Tax	$2M
Other Non-Cash Items	$24M
Change in Working Capital	-$6M
OPERATING CASH FLOW	$95M
Capital Expenditure	-$32M
Acquisitions (Net)	-$21M
Purchases of Investments	-$205M
Sales/Maturities of Investments	$170M
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$85M
Net Debt Issuance	$302M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$946.0K
NET CASH FROM FINANCING	$318M
FREE CASH FLOW	$63M
Net Change in Cash	$328M

Balance Sheet

Item	Amount
Cash & Equivalents	$361M
Short-Term Investments	$35M
Net Receivables	$110M
Inventory	$52M
Other Current Assets	$38M
TOTAL CURRENT ASSETS	$596M
PP&E (Net)	$89M
Goodwill	$126M
Intangible Assets	$113M
Long-Term Investments	$0
Tax Assets	$47M
Other Non-Current Assets	$17M
TOTAL NON-CURRENT ASSETS	$392M
TOTAL ASSETS	$989M
Account Payables	$44M
Short-Term Debt	$0
Deferred Revenue	$27M
Other Current Liabilities	$32M
TOTAL CURRENT LIABILITIES	$104M
Long-Term Debt	$469M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$25M
TOTAL NON-CURRENT LIABILITIES	$494M
TOTAL LIABILITIES	$598M
Common Stock	$351M
Additional Paid-In Capital	$351M
Retained Earnings	$38M
Treasury Stock	$0
Accum. Other Comp. Income	$2M
Other Equity	-$351M
TOTAL STOCKHOLDERS' EQUITY	$391M
Minority Interest	$0
TOTAL EQUITY	$391M
TOTAL LIABILITIES & EQUITY	$989M
Total Debt	$469M
Net Debt	$108M