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
NON-GAAP NET INCOME & DILUTED EPS
GAAP net income (loss) attributable to Itron, Inc. $
Amortization of intangible assets
Amortization of debt placement fees
22,212 $
6,266
845
(58,866)
8,887
S
(9,732) $
25,717
(81,255)
35,801
826
3,323
18,078
Debt extinguishment
Restructuring
Loss on sale of businesses
11,681
(2,528)
323
55,453
(13,625)
54,623
36,015
3,505
64,289
Strategic initiative
675
Software project impairment
8,719
8,719
Russian currency translation write-off
1,885
Goodwill impairment
38,480
Acquisition and integration
136
519
506
Income tax effect of non-GAAP adjustments
(3,803)
(8,774)
(8,466)
151
(25,265)
Non-GAAP net income attributable to Itron, Inc.
$
32,170 S
34,060
$
50,987 $
78,103
Non-GAAP diluted EPS
$
0.71 $
0.75
$
1.13 S
1.75
Non-GAAP weighted average common shares
outstanding - Diluted
45,419
45,469
45,305
44,617
ITRI Itron Investor Presentation - February 2023
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