Ituran Location and Control Ltd
NASDAQ:ITRN
Income Statement
Earnings Waterfall
Ituran Location and Control Ltd
Revenue
|
320m
USD
|
Cost of Revenue
|
-166.8m
USD
|
Gross Profit
|
153.2m
USD
|
Operating Expenses
|
-87.2m
USD
|
Operating Income
|
66m
USD
|
Other Expenses
|
-17.8m
USD
|
Net Income
|
48.1m
USD
|
Income Statement
Ituran Location and Control Ltd
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
170
N/A
|
175
+3%
|
178
+2%
|
182
+2%
|
182
0%
|
181
-1%
|
178
-2%
|
175
-1%
|
176
+0%
|
179
+2%
|
184
+3%
|
193
+5%
|
200
+3%
|
208
+4%
|
217
+4%
|
224
+4%
|
235
+5%
|
242
+3%
|
242
+0%
|
235
-3%
|
253
+8%
|
264
+4%
|
277
+5%
|
293
+6%
|
279
-5%
|
274
-2%
|
256
-7%
|
248
-3%
|
246
-1%
|
245
0%
|
259
+6%
|
264
+2%
|
271
+3%
|
276
+2%
|
282
+2%
|
288
+2%
|
293
+2%
|
300
+3%
|
309
+3%
|
317
+3%
|
320
+1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(80)
|
(82)
|
(83)
|
(84)
|
(85)
|
(84)
|
(84)
|
(84)
|
(86)
|
(88)
|
(91)
|
(95)
|
(98)
|
(102)
|
(106)
|
(109)
|
(115)
|
(119)
|
(120)
|
(115)
|
(126)
|
(133)
|
(142)
|
(155)
|
(149)
|
(147)
|
(135)
|
(131)
|
(130)
|
(130)
|
(141)
|
(142)
|
(144)
|
(146)
|
(149)
|
(153)
|
(156)
|
(159)
|
(163)
|
(167)
|
(167)
|
|
Gross Profit |
90
N/A
|
92
+3%
|
95
+3%
|
98
+3%
|
97
-1%
|
97
0%
|
94
-3%
|
91
-3%
|
90
-2%
|
90
+0%
|
94
+4%
|
98
+5%
|
102
+4%
|
106
+4%
|
111
+4%
|
115
+4%
|
119
+4%
|
123
+3%
|
122
-1%
|
120
-1%
|
127
+6%
|
131
+3%
|
135
+4%
|
138
+2%
|
131
-5%
|
127
-3%
|
121
-5%
|
117
-4%
|
116
-1%
|
115
-1%
|
118
+3%
|
123
+4%
|
127
+3%
|
129
+2%
|
132
+2%
|
135
+2%
|
138
+2%
|
141
+2%
|
146
+3%
|
151
+3%
|
153
+2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(52)
|
(52)
|
(53)
|
(54)
|
(50)
|
(52)
|
(51)
|
(51)
|
(49)
|
(49)
|
(50)
|
(53)
|
(53)
|
(56)
|
(59)
|
(60)
|
(63)
|
(64)
|
(63)
|
(61)
|
(65)
|
(70)
|
(76)
|
(81)
|
(82)
|
(108)
|
(84)
|
(80)
|
(74)
|
(84)
|
(69)
|
(70)
|
(72)
|
(73)
|
(76)
|
(77)
|
(79)
|
(81)
|
(83)
|
(86)
|
(87)
|
|
Selling, General & Administrative |
(44)
|
(45)
|
(46)
|
(47)
|
(48)
|
(49)
|
(48)
|
(48)
|
(47)
|
(46)
|
(48)
|
(49)
|
(50)
|
(52)
|
(55)
|
(57)
|
(60)
|
(61)
|
(59)
|
(57)
|
(59)
|
(62)
|
(65)
|
(68)
|
(68)
|
(68)
|
(66)
|
(63)
|
(61)
|
(58)
|
(57)
|
(57)
|
(58)
|
(59)
|
(60)
|
(62)
|
(62)
|
(64)
|
(66)
|
(68)
|
(70)
|
|
Research & Development |
(3)
|
(3)
|
(3)
|
(4)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(6)
|
(9)
|
(11)
|
(13)
|
(14)
|
(14)
|
(14)
|
(14)
|
(13)
|
(12)
|
(12)
|
(13)
|
(14)
|
(15)
|
(15)
|
(16)
|
(17)
|
(17)
|
(17)
|
(17)
|
(17)
|
|
Other Operating Expenses |
(5)
|
(4)
|
(4)
|
(4)
|
0
|
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(26)
|
(4)
|
(4)
|
0
|
(14)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
|
Operating Income |
38
N/A
|
40
+6%
|
42
+5%
|
44
+3%
|
47
+7%
|
45
-4%
|
43
-5%
|
40
-5%
|
41
+0%
|
42
+3%
|
44
+5%
|
45
+4%
|
49
+8%
|
50
+3%
|
53
+4%
|
55
+4%
|
57
+3%
|
58
+3%
|
59
+1%
|
59
0%
|
62
+6%
|
60
-3%
|
59
-2%
|
57
-3%
|
49
-15%
|
19
-61%
|
37
+95%
|
36
-4%
|
42
+16%
|
31
-27%
|
49
+61%
|
53
+7%
|
55
+4%
|
56
+3%
|
57
+1%
|
58
+1%
|
59
+2%
|
60
+3%
|
63
+4%
|
65
+4%
|
66
+2%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
0
|
(0)
|
1
|
2
|
2
|
2
|
1
|
1
|
1
|
2
|
2
|
2
|
2
|
2
|
2
|
1
|
(1)
|
(1)
|
0
|
1
|
(1)
|
(2)
|
(4)
|
(3)
|
1
|
3
|
7
|
1
|
1
|
(1)
|
(7)
|
(5)
|
(7)
|
(7)
|
(5)
|
(6)
|
(4)
|
(2)
|
(1)
|
(2)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
15
|
0
|
0
|
0
|
(26)
|
0
|
(37)
|
(37)
|
(14)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
14
|
(1)
|
13
|
13
|
(1)
|
3
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
38
N/A
|
41
+7%
|
42
+4%
|
45
+6%
|
48
+6%
|
47
-2%
|
45
-5%
|
42
-7%
|
42
+1%
|
42
+1%
|
45
+7%
|
47
+4%
|
50
+7%
|
53
+5%
|
55
+3%
|
57
+4%
|
56
-2%
|
57
+3%
|
58
+1%
|
73
+26%
|
76
+5%
|
73
-4%
|
71
-3%
|
53
-26%
|
23
-56%
|
20
-13%
|
4
-80%
|
6
+56%
|
29
+357%
|
31
+8%
|
48
+51%
|
45
-5%
|
49
+8%
|
49
0%
|
49
+1%
|
52
+6%
|
53
+1%
|
57
+8%
|
61
+7%
|
64
+5%
|
64
+1%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(12)
|
(13)
|
(14)
|
(14)
|
(14)
|
(14)
|
(13)
|
(13)
|
(13)
|
(13)
|
(13)
|
(14)
|
(15)
|
(16)
|
(16)
|
(16)
|
(18)
|
(18)
|
(18)
|
(18)
|
(17)
|
(16)
|
(16)
|
(16)
|
(12)
|
(11)
|
(10)
|
(10)
|
(11)
|
(12)
|
(12)
|
(11)
|
(12)
|
(12)
|
(12)
|
(12)
|
(13)
|
(14)
|
(14)
|
(15)
|
(13)
|
|
Income from Continuing Operations |
26
|
27
|
28
|
30
|
33
|
33
|
31
|
29
|
29
|
30
|
32
|
33
|
35
|
37
|
38
|
40
|
38
|
39
|
40
|
55
|
59
|
57
|
55
|
37
|
11
|
10
|
(6)
|
(4)
|
18
|
20
|
36
|
34
|
37
|
37
|
37
|
40
|
40
|
43
|
47
|
49
|
51
|
|
Income to Minority Interest |
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(3)
|
(3)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
|
Equity Earnings Affiliates |
0
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(2)
|
(2)
|
(3)
|
(3)
|
(2)
|
(0)
|
4
|
5
|
6
|
9
|
5
|
6
|
7
|
4
|
3
|
0
|
(2)
|
(3)
|
(3)
|
(2)
|
(1)
|
(1)
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
Net Income (Common) |
24
N/A
|
25
+6%
|
26
+3%
|
27
+7%
|
30
+11%
|
30
-2%
|
28
-5%
|
26
-9%
|
25
-3%
|
25
+1%
|
27
+7%
|
29
+7%
|
32
+10%
|
38
+18%
|
41
+7%
|
43
+6%
|
44
+1%
|
42
-4%
|
44
+4%
|
59
+36%
|
61
+3%
|
57
-5%
|
53
-8%
|
33
-37%
|
7
-79%
|
5
-25%
|
(9)
N/A
|
(6)
+33%
|
16
N/A
|
18
+12%
|
33
+86%
|
32
-6%
|
34
+9%
|
35
+1%
|
34
-1%
|
37
+8%
|
37
0%
|
40
+7%
|
43
+9%
|
46
+6%
|
48
+5%
|
|
EPS (Diluted) |
1.13
N/A
|
1.19
+5%
|
1.22
+3%
|
1.3
+7%
|
1.45
+12%
|
1.41
-3%
|
1.34
-5%
|
1.22
-9%
|
1.19
-2%
|
1.2
+1%
|
1.28
+7%
|
1.38
+8%
|
1.53
+11%
|
1.81
+18%
|
1.95
+8%
|
2.06
+6%
|
2.09
+1%
|
2.01
-4%
|
2.08
+3%
|
2.82
+36%
|
2.88
+2%
|
2.69
-7%
|
2.52
-6%
|
1.58
-37%
|
0.33
-79%
|
0.25
-24%
|
-0.42
N/A
|
-0.27
+36%
|
0.77
N/A
|
0.88
+14%
|
1.62
+84%
|
1.52
-6%
|
1.65
+9%
|
1.68
+2%
|
1.67
-1%
|
1.81
+8%
|
1.82
+1%
|
1.95
+7%
|
2.13
+9%
|
2.29
+8%
|
2.41
+5%
|