Itron Investor Presentation
GAAP TO NON-GAAP RECONCILIATIONS
ITRON, INC.
RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES
TO THE MOST DIRECTLY COMPARABLE GAAP FINANCIAL MEASURES
(Unaudited, in thousands, except per share data)
TOTAL COMPANY RECONCILIATIONS
Itron ©2023 ITRON PROPRIETARY
Three Months Ended December 31,
2022
2021
2022
Twelve Months Ended December 31,
2021
ADJUSTED EBITDA
GAAP net income (loss) attributable to Itron, Inc. $
Interest income
Interest expense
Income tax benefit
Debt extinguishment
Depreciation and amortization
Restructuring
Loss on sale of businesses
Strategic initiative
Software project impairment
Russian currency translation write-off
Goodwill impairment
Acquisition and integration
Adjusted EBITDA
22,212 $
(1,266)
1,793
(58,866) $
(231)
(9,732) $
(2,633)
(81,255)
(1,557)
1,531
6,724
28,638
(11,169)
(51,093)
(6,196)
(45,512)
11,681
16,151
19,901
66,763
84,153
(2,528)
55,453
(13,625)
54,623
323
36,015
3,505
64,289
675
8,719
8,719
1,885
38,480
S
136
34,371 $
519
3,229
506
95,071 $
151
115,211
FREE CASH FLOW
Net cash (used in) provided by operating
activities
$
Acquisitions of property, plant, and equipment
Free Cash Flow
$
(13,030) S
(4,861)
(17,891) $
13,647
(6,901)
6,746 $
S
24,500 S
(19,747)
4,753 $
154,794
(34,682)
120,112
ITRI Itron Investor Presentation - February 2023
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