Energy Recovery, Inc. (ERII) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments105,690107,645120,696120,048114,701104,52291,379
Cash and cash equivalents74,35865,745103,302105,43194,25580,14962,970
Short-term investments31,33241,90017,39414,61720,44624,37328,409
Receivables20,61513,0667,59916,39711,79211,05512,816
Inventory, net of allowances, customer advances and progress billings20,38320,55715,28911,92511,74810,6629,915
Inventory20,38320,55715,28911,92511,74810,6629,915
Prepaid expense1,8242,3512,6342,313   
Contract with customer, asset493 5361,0691,3091,198890
Other undisclosed current assets2,7583,1901,0951,0883,6413,7614,097
Total current assets:151,763146,809147,849152,840143,191131,198119,097
Noncurrent Assets
Operating lease, right-of-use asset14,65315,02115,38315,73916,09016,44416,810
Property, plant and equipment20,36120,90520,44320,73420,17620,53518,838
Long-term investments and receivables2,298765   1,4185,510
Long-term investments2,298765   1,4185,510
Intangible assets, net (including goodwill)12,82712,83012,83312,83512,83912,84312,847
Goodwill12,79012,79012,79012,79012,79012,79012,790
Intangible assets, net (excluding goodwill)37404345495357
Deferred income tax assets11,42112,09312,47111,69911,03011,45412,231
Other noncurrent assets3673653651,371988645639
Total noncurrent assets:61,92761,97961,49562,37861,12363,33966,875
TOTAL ASSETS:213,690208,788209,344215,218204,314194,537185,972
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities11,95811,2128,7017,80410,2788,9686,511
Accounts payable9093,6632,2781,9571,1181,9511,860
Accrued liabilities879830809811760747673
Employee-related liabilities10,1706,7195,6145,0368,4006,2703,978
Deferred revenue3,3181,4521,1171,1361,5521,160980
Other undisclosed current liabilities4,5093,5513,4473,3373,8992,8463,316
Total current liabilities:19,78516,21513,26512,27715,72912,97410,807
Noncurrent Liabilities
Long-term debt and lease obligation14,87915,28415,68216,07416,44316,80217,155
Operating lease, liability14,87915,28415,68216,07416,44316,80217,155
Liabilities, other than long-term debt247550571527518776593
Deferred revenue   968810497
Other liabilities247550571431430672496
Total noncurrent liabilities:15,12615,83416,25316,60116,96117,57817,748
Total liabilities:34,91132,04929,51828,87832,69030,55228,555
Stockholders' equity
Stockholders' equity attributable to parent178,779176,739179,826186,340171,624163,985157,417
Common stock64636363626161
Treasury stock, value(53,832)(47,642)(42,040)(30,486)(30,486)(30,486)(30,486)
Additional paid in capital195,593192,564191,087187,083179,161174,929173,729
Accumulated other comprehensive income (loss)(149)(86)(53)(20)53100119
Retained earnings37,10331,84030,76929,70022,83419,38113,994
Total stockholders' equity:178,779176,739179,826186,340171,624163,985157,417
TOTAL LIABILITIES AND EQUITY:213,690208,788209,344215,218204,314194,537185,972

Income statement (P&L) ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues33,57620,78120,60728,94026,42627,40843,608
Gross profit:33,57620,78120,60728,94026,42627,40843,608
Operating expenses(17,184)(13,265)(13,139)(13,815)(14,413)(13,514)(15,784)
Other undisclosed operating loss(10,419)(6,089)(7,181)(8,981)(8,200)(7,816)(6,549)
Operating income:5,9731,4272876,1443,8136,07821,275
Nonoperating income1537398289105237
Other nonoperating income (expense)(10)1(12)(10)(15)(29)(18)
Income from continuing operations before income taxes:5,9881,4643266,2263,9026,18321,512
Income tax expense (benefit)(725)(393)743640(449)(796)(4,586)
Net income available to common stockholders, diluted:5,2631,0711,0696,8663,4535,38716,926

Comprehensive Income ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income:5,2631,0711,0696,8663,4535,38716,926
Comprehensive income:5,2631,0711,0696,8663,4535,38716,926
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(63)(33)(33)(73)(47)(19)451
Comprehensive income, net of tax, attributable to parent:5,2001,0381,0366,7933,4065,36817,377

Statements sources

The financial statements are based on the company's filings with the 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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