Itron, Inc. (ITRI) FY2026 YTD Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-01-01 to 2026-06-30

Swipe to see the full flow
Itron, Inc. cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $107,059,000.00Unearned revenue → Operating adjustments reconciliation: $50,859,000.00Depreciation and amortization of intangible assets → Operating adjustments reconciliation: $37,162,000.00Stock-based compensation → Operating adjustments reconciliation: $32,316,000.00Accounts receivable → Operating adjustments reconciliation: $23,280,000.00Non-cash operating lease expense → Operating adjustments reconciliation: $6,576,000.00Amortization of prepaid debt fees → Operating adjustments reconciliation: $3,791,000.00Other long-term assets → Operating adjustments reconciliation: $3,117,000.00Restructuring, non-cash → Operating adjustments reconciliation: $462,000.00Operating adjustments reconciliation → Net cash from operating activities: $66,533,000.00Operating adjustments reconciliation → Wages and benefits payable: $28,092,000.00Operating adjustments reconciliation → Deferred taxes, net: $18,684,000.00Operating adjustments reconciliation → Inventories: $17,956,000.00Operating adjustments reconciliation → Accounts payable, other current liabilities, and taxes payable: $9,259,000.00Operating adjustments reconciliation → Restructuring: $6,921,000.00Operating adjustments reconciliation → Other current assets: $5,295,000.00Operating adjustments reconciliation → Other adjustments, net: $3,538,000.00Operating adjustments reconciliation → Other operating, net: $1,042,000.00Operating adjustments reconciliation → Warranty: $243,000.00Proceeds from borrowings → financing reconciliation: $805,000,000.00Issuance of common stock → financing reconciliation: $1,969,000.00financing reconciliation → Net cash from financing activities: $79,879,000.00financing reconciliation → Repayments of Long-Term Debt: $460,000,000.00financing reconciliation → Repurchase of common stock: $152,234,000.00financing reconciliation → Payments on call spread for convertible offering: $92,817,000.00financing reconciliation → Prepaid debt fees: $21,525,000.00financing reconciliation → Other financing, net: $514,000.00Net cash used in investing activities → investing reconciliation: $525,099,000.00Other investing, net → investing reconciliation: $3,088,000.00investing reconciliation → Business acquisitions, net of cash and cash equivalents acquired: $515,055,000.00investing reconciliation → Acquisitions of property, plant, and equipment: $13,132,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $1,020,397,000.00Net cash from operating activities → Cash sources and uses: $173,592,000.00Net cash from financing activities → Cash sources and uses: $79,879,000.00Cash sources and uses → Exchange-rate effect: $3,540,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $745,229,000.00Cash sources and uses → Net cash used in investing activities: $525,099,000.00Wages and benefits payable: -$28,092,000.00Accrued compensation−$28.09 MWarranty: -$243,000.00Warranty−$243.00 KAccounts payable, other current liabilities, and taxes payable: -$9,259,000.00Payables & accrued liabilities−$9.26 MDeferred taxes, net: -$18,684,000.00Deferred tax balances−$18.68 MOther long-term assets: $3,117,000.00Other noncurrent assets+$3.12 MOther operating, net: -$1,042,000.00Other working capital, net−$1.04 MRestructuring, non-cash: $462,000.00Restructuring charges+$462.00 KOther adjustments, net: -$3,538,000.00Other non-cash items−$3.54 MDepreciation and amortization of intangible assets: $37,162,000.00Depreciation & amortization+$37.16 MUnearned revenue: $50,859,000.00Unearned revenue+$50.86 MInventories: -$17,956,000.00Inventories−$17.96 MLoss on sale of business: $0.00Non-cash operating lease expense: $6,576,000.00Operating lease amortization+$6.58 MAccounts receivable: $23,280,000.00Accounts receivable+$23.28 MStock-based compensation: $32,316,000.00Stock-based compensation+$32.32 MOther current assets: -$5,295,000.00Other current assets−$5.30 MAmortization of prepaid debt fees: $3,791,000.00Debt issuance cost amortization+$3.79 MRestructuring: -$6,921,000.00Restructuring reserves, net−$6.92 MNet income: $107,059,000.00Net income+$107.06 MNet cash from operating activities: $173,592,000.00Operating cash+$173.59 MOperating adjustments reconciliation: $157,563,000.00Prepaid debt fees: -$21,525,000.00Debt issuance costs−$21.53 MIssuance of common stock: $1,969,000.00Common stock issued+$1.97 MOther financing, net: -$514,000.00Other financing, net−$514.00 KProceeds from borrowings: $805,000,000.00Long-term credit line borrowings+$805.00 MPayments on call spread for convertible offering: -$92,817,000.00Convertible hedge purchases−$92.82 MRepurchase of common stock: -$152,234,000.00Common stock repurchases−$152.23 MRepayments of Long-Term Debt: -$460,000,000.00Long-term debt repaid−$460.00 MNet cash from financing activities: $79,879,000.00Financing cash+$79.88 Mfinancing reconciliation: $806,969,000.00Other investing, net: $3,088,000.00Other investing, net+$3.09 MAcquisitions of property, plant, and equipment: -$13,132,000.00PP&E purchases−$13.13 MBusiness acquisitions, net of cash and cash equivalents acquired: -$515,055,000.00Acquisitions, net of cash−$515.06 MNet cash used in investing activities: -$525,099,000.00. Cash required to fund net payments.Investing cash−$525.10 Minvesting reconciliation: $528,187,000.00Cash sources and uses: $1,273,868,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $1,020,397,000.00Beginning cash$1.02 BEnding cash: Cash, cash equivalents, and restricted cash: $745,229,000.00Ending cash$745.23 MExchange-rate effect: -$3,540,000.00FX effect−$3.54 MCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsFree cash flow$160.46 MOperating cash − cash spent on PP&ECash flow / Net income1.62×Operating cash flow ÷ net incomeNet cash change−$275.17 MEnding cash − beginning cash
Chart details

Itron, Inc. cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026

Cash flows for Jan 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2025
1,020,397,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
173,592,000 US dollars. Net cash provided.
Wages and benefits payable
negative 28,092,000 US dollars
Warranty
negative 243,000 US dollars
Accounts payable, other current liabilities, and taxes payable
negative 9,259,000 US dollars
Deferred taxes, net
negative 18,684,000 US dollars
Other long-term assets
3,117,000 US dollars
Other operating, net
negative 1,042,000 US dollars
Restructuring, non-cash
462,000 US dollars
Other adjustments, net
negative 3,538,000 US dollars
Depreciation and amortization of intangible assets
37,162,000 US dollars
Unearned revenue
50,859,000 US dollars
Inventories
negative 17,956,000 US dollars
Loss on sale of business
0 US dollars
Non-cash operating lease expense
6,576,000 US dollars
Accounts receivable
23,280,000 US dollars
Stock-based compensation
32,316,000 US dollars
Other current assets
negative 5,295,000 US dollars
Amortization of prepaid debt fees
3,791,000 US dollars
Restructuring
negative 6,921,000 US dollars
Net income
107,059,000 US dollars
Investing activities
negative 525,099,000 US dollars. Net cash used.
Other investing, net
3,088,000 US dollars
Acquisitions of property, plant, and equipment
negative 13,132,000 US dollars
Business acquisitions, net of cash and cash equivalents acquired
negative 515,055,000 US dollars
Financing activities
79,879,000 US dollars. Net cash provided.
Prepaid debt fees
negative 21,525,000 US dollars
Issuance of common stock
1,969,000 US dollars
Other financing, net
negative 514,000 US dollars
Proceeds from borrowings
805,000,000 US dollars
Payments on call spread for convertible offering
negative 92,817,000 US dollars
Repurchase of common stock
negative 152,234,000 US dollars
Repayments of Long-Term Debt
negative 460,000,000 US dollars
Operating adjustment reconciliation
157,563,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
806,969,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
528,187,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 3,540,000 US dollars
Ending cash on Jun 30, 2026
745,229,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
1,273,868,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 275,168,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.62×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
173,592,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
13,132,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
160,460,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $66.53M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 173,592,000 US dollars minus 13,132,000 US dollars equals 160,460,000 US dollars.
Itron, Inc. (ITRI) FY2026 YTD Q2 Statement of Cash Flows Sankey chart
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

Newsletter

Get the teardowns by email

Subscribe if you want the public-company teardowns in your inbox when they're released.

Product waitlist

Health Check and Teardown for your own company

A health check uncovers insights of your private books, not a public ticker. Join this list to get notified as soon as we go-live!