Energy Recovery, Inc. (ERII) Financial Statements (2023 and earlier)

Company Profile

Business Address 1717 DOOLITTLE DRIVE
SAN LEANDRO, CA 94577
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3559 - Special Industry Machinery, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

6/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments89,833105,690114,70185,12395,29397,800
Cash and cash equivalents56,35474,35894,25526,38721,95527,780
Short-term investments33,47931,33220,44658,73673,33870,020
Restricted cash and investments     972,664
Receivables34,06220,61511,79212,97914,31013,878
Inventory, net of allowances, customer advances and progress billings28,36620,38311,74810,3177,1385,514
Inventory28,36620,38311,74810,3177,1385,514
Prepaid expense 1,7941,824  829380
Contract with customer, asset, after allowance for credit loss 1,7204931,309501 ✕
Costs in excess of billings✕✕✕✕✕✕4,998
Other undisclosed current assets2,0922,7583,6414,0471,981962
Total current assets:157,867151,763143,191112,967119,648126,196
Noncurrent Assets
Operating lease, right-of-use asset13,11514,65316,09011,195✕✕
Property, plant and equipment19,58020,36120,17618,84314,61913,393
Long-term investments and receivables3,0582,298 15,4191,269 
Long-term investments3,0582,298 15,4191,269 
Intangible assets, net (including goodwill)12,79012,82712,83912,85513,43014,059
Goodwill12,79012,79012,79012,79012,79012,790
Intangible assets, net (excluding goodwill)  3749656401,269
Contract with customer, asset, after allowance for credit loss    191 ✕
Restricted cash and investments     86182
Deferred income tax assets10,26311,42111,03016,897✕✕
Other noncurrent assets36636798840728212
Deferred tax assets, net✕✕✕✕✕ 7,902
Other undisclosed noncurrent assets     30,507 
Total noncurrent assets:59,17261,92761,12375,80760,19335,548
TOTAL ASSETS:217,039213,690204,314188,774179,841161,744
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities12,26111,95810,2787,8637,76010,960
Taxes payable✕✕    432
Employee-related liabilities✕✕10,1708,4006,0405,8436,071
Accounts payable8149091,1181,1921,4394,091
Accrued liabilities11,447879760631478366
Deferred revenue1,1953,3181,55215,746✕✕
Debt    1,023 11
Deferred revenue and credits✕✕✕✕✕✕5,611
Contract with customer, liability✕✕✕✕✕16,270✕
Other liabilities      
Other undisclosed current liabilities4,8464,5093,8993,1983,1023,251
Total current liabilities:18,30219,78515,72927,83027,13219,833
Noncurrent Liabilities
Long-term debt and lease obligation  14,87916,44311,533 16
Long-term debt, excluding current maturities      16
Liabilities, other than long-term debt13,39924751813,12026,53959,364
Deferred revenue and credits✕✕✕✕✕✕59,364
Deferred revenue   8813,120✕✕
Contract with customer, liability✕✕✕✕✕26,539✕
Other liabilities121247430   
Operating lease, liability13,27814,87916,44311,533✕✕
Other undisclosed noncurrent liabilities    27812,792 
Total noncurrent liabilities:13,39915,12616,96124,93139,33159,380
Total liabilities:31,70134,91132,69052,76166,46379,213
Equity
Equity, attributable to parent185,338178,779171,624136,013113,37882,531
Common stock646462615958
Treasury stock, value(80,486)(53,832)(30,486)(30,486)(30,486)(20,486)
Additional paid in capital204,957195,593179,161170,028158,404149,006
Accumulated other comprehensive income (loss)(349)(149)53(37)(133)(125)
Retained earnings (accumulated deficit)61,15237,10322,834(3,553)(14,466)(45,922)
Total equity:185,338178,779171,624136,013113,37882,531
TOTAL LIABILITIES AND EQUITY:217,039213,690204,314188,774179,841161,744

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues125,591103,904118,98686,94274,51558,156
Revenue, net✕✕✕✕✕✕58,156
Cost of revenue     (19,061)
Other undisclosed gross profit      
Gross profit:125,591103,904118,98686,94274,51539,095
Operating expenses(62,527)(57,403)(59,443)(56,243)(46,664)(40,819)
Other undisclosed operating income (loss)(38,235)(32,670)(28,249)(20,335)(17,873)5,000
Operating income:24,82913,83131,29410,3649,9783,276
Nonoperating income1,2421738391,8921,462680
Other nonoperating income (expense)334(31)(74)(118)(80)(188)
Interest and debt expense     (1)(2)
Other undisclosed income from continuing operations before equity method investments, income taxes     12
Income from continuing operations before equity method investments, income taxes:26,07114,00432,13312,25611,4403,956
Other undisclosed income from continuing operations before income taxes      310
Income from continuing operations before income taxes:26,07114,00432,13312,25611,4404,266
Income tax expense (benefit)(2,022)265(5,746)(1,343)10,6538,394
Income from continuing operations:24,04914,26926,38710,91322,09312,660
Income before gain (loss) on sale of properties:✕14,26926,38710,91322,09312,660
Net income:24,04914,26926,38710,91322,09312,660
Other undisclosed net loss attributable to parent      (310)
Net income available to common stockholders, diluted:24,04914,26926,38710,91322,09312,350

Comprehensive Income ($ in thousands)
Annual | Quarterly

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:24,04914,26926,38710,91322,09312,660
Other comprehensive loss      (7)
Comprehensive income:24,04914,26926,38710,91322,09312,653
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(200)(202)9096(8)(310)
Comprehensive income, net of tax, attributable to parent:23,84914,06726,47711,00922,08512,343

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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