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Ituran Location & Control Ltd. (ITRN)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14
   20-F20-F20-F20-F20-F20-FS-1/AS-1/A
Revenues:          
Telematics services  189.6182.9204.7181.4169.8141.9  
Telematics products  81.262.774.672.064.957.6  
    Total revenues  270.9245.6279.3253.3234.6199.6175.6182.1
            Total revenues growth  10.3%-12.1%10.3%8.0%17.6%13.6%-3.6%9015.5%
Cost of revenues:          
Telematics services  84.881.490.270.360.350.6  
Telematics products  59.648.758.755.755.046.9  
    Total cost of revenues  144.4130.1148.8126.0115.397.585.785.0
    Gross profit  126.5115.5130.5127.3119.4102.089.997.1
            Gross margin  46.7%47.0%46.7%50.3%50.9%51.1%51.2%53.3%
Research and development expenses  14.112.813.96.23.22.92.42.5
Selling and marketing expenses  11.911.012.811.312.210.19.39.3
General and administrative expenses  46.149.755.247.747.640.237.838.6
Impairment of goodwill (Note 9)   10.512.3     
Impairment of intangible assets and other expenses (income), net (Note 8)  -0.33.713.7-0.3-0.1   
    Operating income  54.627.822.762.456.548.040.645.9
            Operating margin  20.2%11.3%8.1%24.6%24.1%24.1%23.1%25.2%
Other expense, net  -0.1-0.30.013.1 0.8-0.30.9
Financing income (expenses), net (Note 14)  -5.51.50.60.7-1.02.11.2 
    Income before income tax  49.029.023.276.255.550.141.8 
Income tax expenses (Note 15)  -11.9-10.9-12.2-17.3-17.7-14.9-12.8-14.2
Share in losses of affiliated companies, net (Note 4A)  -0.1-0.8-3.24.28.5-0.4-2.4 
    Net income for the year  37.017.37.863.246.434.726.6 
Less: Net income attributable to non-controlling interest  -2.8-1.2-0.9-2.5-2.6-2.6-1.62.5
Net income attributable to the Company  34.316.16.960.743.832.125.0 
   
Basic and diluted earnings per share attributable to Company's stockholders  $1.65$0.77$0.33$2.88$2.09$1.53$1.19 
   
Basic and diluted weighted average number of shares outstanding  20.820.821.021.121.021.021.021.0

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