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 investments | 105,690 | 107,645 | 120,696 | 120,048 | 114,701 | 104,522 | 91,379 | ||
| Cash and cash equivalents | 74,358 | 65,745 | 103,302 | 105,431 | 94,255 | 80,149 | 62,970 | ||
| Short-term investments | 31,332 | 41,900 | 17,394 | 14,617 | 20,446 | 24,373 | 28,409 | ||
| Receivables | 20,615 | 13,066 | 7,599 | 16,397 | 11,792 | 11,055 | 12,816 | ||
| Inventory, net of allowances, customer advances and progress billings | 20,383 | 20,557 | 15,289 | 11,925 | 11,748 | 10,662 | 9,915 | ||
| Inventory | 20,383 | 20,557 | 15,289 | 11,925 | 11,748 | 10,662 | 9,915 | ||
| Prepaid expense | 1,824 | 2,351 | 2,634 | 2,313 | |||||
| Contract with customer, asset | 493 | 536 | 1,069 | 1,309 | 1,198 | 890 | |||
| Other undisclosed current assets | 2,758 | 3,190 | 1,095 | 1,088 | 3,641 | 3,761 | 4,097 | ||
| Total current assets: | 151,763 | 146,809 | 147,849 | 152,840 | 143,191 | 131,198 | 119,097 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 14,653 | 15,021 | 15,383 | 15,739 | 16,090 | 16,444 | 16,810 | ||
| Property, plant and equipment | 20,361 | 20,905 | 20,443 | 20,734 | 20,176 | 20,535 | 18,838 | ||
| Long-term investments and receivables | 2,298 | 765 | 1,418 | 5,510 | |||||
| Long-term investments | 2,298 | 765 | 1,418 | 5,510 | |||||
| Intangible assets, net (including goodwill) | 12,827 | 12,830 | 12,833 | 12,835 | 12,839 | 12,843 | 12,847 | ||
| Goodwill | 12,790 | 12,790 | 12,790 | 12,790 | 12,790 | 12,790 | 12,790 | ||
| Intangible assets, net (excluding goodwill) | 37 | 40 | 43 | 45 | 49 | 53 | 57 | ||
| Deferred income tax assets | 11,421 | 12,093 | 12,471 | 11,699 | 11,030 | 11,454 | 12,231 | ||
| Other noncurrent assets | 367 | 365 | 365 | 1,371 | 988 | 645 | 639 | ||
| Total noncurrent assets: | 61,927 | 61,979 | 61,495 | 62,378 | 61,123 | 63,339 | 66,875 | ||
| TOTAL ASSETS: | 213,690 | 208,788 | 209,344 | 215,218 | 204,314 | 194,537 | 185,972 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 11,958 | 11,212 | 8,701 | 7,804 | 10,278 | 8,968 | 6,511 | ||
| Accounts payable | 909 | 3,663 | 2,278 | 1,957 | 1,118 | 1,951 | 1,860 | ||
| Accrued liabilities | 879 | 830 | 809 | 811 | 760 | 747 | 673 | ||
| Employee-related liabilities | 10,170 | 6,719 | 5,614 | 5,036 | 8,400 | 6,270 | 3,978 | ||
| Deferred revenue | 3,318 | 1,452 | 1,117 | 1,136 | 1,552 | 1,160 | 980 | ||
| Other undisclosed current liabilities | 4,509 | 3,551 | 3,447 | 3,337 | 3,899 | 2,846 | 3,316 | ||
| Total current liabilities: | 19,785 | 16,215 | 13,265 | 12,277 | 15,729 | 12,974 | 10,807 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 14,879 | 15,284 | 15,682 | 16,074 | 16,443 | 16,802 | 17,155 | ||
| Operating lease, liability | 14,879 | 15,284 | 15,682 | 16,074 | 16,443 | 16,802 | 17,155 | ||
| Liabilities, other than long-term debt | 247 | 550 | 571 | 527 | 518 | 776 | 593 | ||
| Deferred revenue | 96 | 88 | 104 | 97 | |||||
| Other liabilities | 247 | 550 | 571 | 431 | 430 | 672 | 496 | ||
| Total noncurrent liabilities: | 15,126 | 15,834 | 16,253 | 16,601 | 16,961 | 17,578 | 17,748 | ||
| Total liabilities: | 34,911 | 32,049 | 29,518 | 28,878 | 32,690 | 30,552 | 28,555 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 178,779 | 176,739 | 179,826 | 186,340 | 171,624 | 163,985 | 157,417 | ||
| Common stock | 64 | 63 | 63 | 63 | 62 | 61 | 61 | ||
| Treasury stock, value | (53,832) | (47,642) | (42,040) | (30,486) | (30,486) | (30,486) | (30,486) | ||
| Additional paid in capital | 195,593 | 192,564 | 191,087 | 187,083 | 179,161 | 174,929 | 173,729 | ||
| Accumulated other comprehensive income (loss) | (149) | (86) | (53) | (20) | 53 | 100 | 119 | ||
| Retained earnings | 37,103 | 31,840 | 30,769 | 29,700 | 22,834 | 19,381 | 13,994 | ||
| Total stockholders' equity: | 178,779 | 176,739 | 179,826 | 186,340 | 171,624 | 163,985 | 157,417 | ||
| TOTAL LIABILITIES AND EQUITY: | 213,690 | 208,788 | 209,344 | 215,218 | 204,314 | 194,537 | 185,972 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 33,576 | 20,781 | 20,607 | 28,940 | 26,426 | 27,408 | 43,608 | |
| Gross profit: | 33,576 | 20,781 | 20,607 | 28,940 | 26,426 | 27,408 | 43,608 | |
| 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: | 5,973 | 1,427 | 287 | 6,144 | 3,813 | 6,078 | 21,275 | |
| Nonoperating income | 15 | 37 | 39 | 82 | 89 | 105 | 237 | |
| Other nonoperating income (expense) | (10) | 1 | (12) | (10) | (15) | (29) | (18) | |
| Income from continuing operations before income taxes: | 5,988 | 1,464 | 326 | 6,226 | 3,902 | 6,183 | 21,512 | |
| Income tax expense (benefit) | (725) | (393) | 743 | 640 | (449) | (796) | (4,586) | |
| Net income available to common stockholders, diluted: | 5,263 | 1,071 | 1,069 | 6,866 | 3,453 | 5,387 | 16,926 | |
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: | 5,263 | 1,071 | 1,069 | 6,866 | 3,453 | 5,387 | 16,926 | |
| Comprehensive income: | 5,263 | 1,071 | 1,069 | 6,866 | 3,453 | 5,387 | 16,926 | |
| 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: | 5,200 | 1,038 | 1,036 | 6,793 | 3,406 | 5,368 | 17,377 | |
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.