ITRI: the cashflow

MyFinsight

For the year ending 2025-12-31, ITRI had -$30,840K decrease in cash & cash equivalents over the period. $383,061K in free cash flow.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Cash Flow	2025-12-31
Net income	303,335
Depreciation and amortization of intangible assets	49,517
Non-cash operating lease expense	11,915
Stock-based compensation	62,449
Amortization of prepaid debt fees	7,077
Deferred taxes, net	-64,945
Loss on sale of business	-79
Restructuring, non-cash	-25
Other adjustments, net	2,237
Accounts receivable	4,215
Inventories	-32,682
Other current assets	43,120
Other long-term assets	13,125
Accounts payable, other current liabilities, and taxes payable	6,276
Wages and benefits payable	-18,623
Unearned revenue	28,624
Warranty	-4,436
Restructuring	-22,427
Other operating, net	52,739
Net cash provided by operating activities	405,952
Net proceeds (payments) related to the sale of business	278
Acquisitions of property, plant, and equipment	22,891
Business acquisitions, net of cash and cash equivalents acquired	325,044
Other investing, net	1,995
Net cash used in investing activities	-349,652
Proceeds from borrowings	0
Issuance of common stock	7,320
Payments on call spread for convertible offering	0
Repurchase of common stock	100,000
Prepaid debt fees	2,213
Other financing, net	-2,569
Net cash provided by (used in) financing activities	-97,462
Effect of foreign exchange rate changes on cash and cash equivalents	10,322
(decrease) increase in cash and cash equivalents	-30,840
Cash and cash equivalents at beginning of period	1,051,237
Cash and cash equivalents at end of period	1,020,397

Unit: Thousand (K) dollars