Energy Recovery, Inc. (ERII) financial statements (2020 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 millions)
| 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | 3/31/2019 Q1 | 12/31/2018 Q4 | 9/30/2018 Q3 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments, including: | 85 | 97 | 97 | 91 | 95 | 101 | ||
| Cash and cash equivalents | 26 | 30 | 23 | 17 | 22 | 33 | ||
| Short-term investments | 59 | 60 | 72 | 72 | 73 | 65 | ||
| Other undisclosed cash, cash equivalents, and short-term investments | 8 | 2 | 3 | 2 | ||||
| Restricted cash and investments | 0 | 0 | 1 | |||||
| Receivables | 13 | 21 | 15 | 17 | 14 | 8 | ||
| Inventory, net of allowances, customer advances and progress billings | 10 | 9 | 8 | 7 | 7 | 6 | ||
| Inventory | 10 | 9 | 8 | 7 | 7 | 6 | ||
| Prepaid expense | 1 | 1 | ||||||
| Contract with customer, asset | 1 | 1 | 2 | 1 | 3 | |||
| Other undisclosed current assets | 4 | (4) | 1 | 1 | 2 | (1) | ||
| Total current assets: | 113 | 124 | 122 | 118 | 120 | 119 | ||
| Noncurrent Assets | ||||||||
| Operating lease, right-of-use asset | 11 | ✕ | ✕ | |||||
| Property, plant and equipment | 19 | 17 | 17 | 16 | 15 | 16 | ||
| Long-term investments and receivables | 15 | 8 | 2 | 3 | 1 | 2 | ||
| Long-term investments | 15 | 8 | 2 | 3 | 1 | 2 | ||
| Intangible assets, net (including goodwill) | 13 | 13 | 13 | 13 | 13 | 14 | ||
| Goodwill | 13 | 13 | 13 | 13 | 13 | 13 | ||
| Intangible assets, net (excluding goodwill) | 0 | 0 | 0 | 0 | 1 | 1 | ||
| Contract with customer, asset, net | 0 | 0 | ||||||
| Restricted cash and investments | 0 | 0 | 0 | 0 | 0 | |||
| Deferred income tax assets | 17 | ✕ | ✕ | |||||
| Other noncurrent assets | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Other undisclosed noncurrent assets | 28 | 29 | 30 | 31 | 31 | |||
| Total noncurrent assets: | 76 | 67 | 61 | 62 | 60 | 63 | ||
| TOTAL ASSETS: | 189 | 191 | 183 | 180 | 180 | 182 | ||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 8 | 7 | 6 | 6 | 8 | 10 | ||
| Accounts payable | 1 | 2 | 1 | 2 | 1 | 5 | ||
| Accrued liabilities | 1 | 1 | 1 | 1 | 0 | 0 | ||
| Employee-related liabilities | 6 | 5 | 4 | 3 | 6 | 5 | ||
| Taxes payable | 0 | |||||||
| Deferred revenue | 16 | ✕ | ✕ | |||||
| Debt | 1 | 0 | ||||||
| Contract with customer, liability | ✕ | 18 | 15 | 16 | 16 | 16 | ||
| Other undisclosed current liabilities | 3 | 4 | 3 | 3 | 3 | 3 | ||
| Total current liabilities: | 28 | 29 | 24 | 24 | 27 | 28 | ||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 12 | 0 | ||||||
| Long-term debt, excluding current maturities | 0 | |||||||
| Operating lease, liability | 12 | ✕ | ✕ | |||||
| Liabilities, other than long-term debt | 13 | 15 | 20 | 23 | 27 | 31 | ||
| Deferred revenue | 13 | ✕ | ✕ | |||||
| Contract with customer, liability | ✕ | 15 | 20 | 23 | 27 | 31 | ||
| Other undisclosed noncurrent liabilities | 0 | 12 | 12 | 13 | 13 | 13 | ||
| Total noncurrent liabilities: | 25 | 27 | 32 | 36 | 39 | 44 | ||
| Total liabilities: | 53 | 56 | 56 | 60 | 66 | 72 | ||
| Stockholders' equity | ||||||||
| Stockholders' equity attributable to parent | 136 | 135 | 127 | 120 | 113 | 110 | ||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Treasury stock, value | (30) | (30) | (30) | (30) | (30) | (30) | ||
| Additional paid in capital | 170 | 168 | 166 | 162 | 158 | 157 | ||
| Accumulated other comprehensive loss | (0) | (0) | (0) | (0) | (0) | (0) | ||
| Accumulated deficit | (4) | (3) | (8) | (12) | (14) | (17) | ||
| Total stockholders' equity: | 136 | 135 | 127 | 120 | 113 | 110 | ||
| TOTAL LIABILITIES AND EQUITY: | 189 | 191 | 183 | 180 | 180 | 182 | ||
Income statement (P&L) ($ in millions)
| 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | 3/31/2019 Q1 | 12/31/2018 Q4 | 9/30/2018 Q3 | ||
|---|---|---|---|---|---|---|---|
| Gross profit: | 20 | 25 | 23 | 20 | 18 | 22 | |
| Operating expenses | (16) | (15) | (13) | (12) | (13) | (12) | |
| Other undisclosed operating loss | (4) | (5) | (5) | (5) | (4) | (5) | |
| Operating income (loss): | (1) | 5 | 4 | 3 | 1 | 6 | |
| Nonoperating income | 0 | 0 | 0 | 0 | 0 | 0 | |
| Income (loss) from continuing operations before income taxes: | (0) | 5 | 4 | 3 | 2 | 6 | |
| Income tax expense (benefit) | (0) | 0 | (1) | (1) | 1 | (1) | |
| Net income (loss) available to common stockholders, diluted: | (1) | 5 | 4 | 3 | 2 | 5 | |
Comprehensive Income ($ in millions)
| 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | 3/31/2019 Q1 | 12/31/2018 Q4 | 9/30/2018 Q3 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | (1) | 5 | 4 | 3 | 2 | 5 | |
| Other comprehensive income | 0 | ||||||
| Other undisclosed comprehensive loss | (0) | ||||||
| Comprehensive income (loss): | (1) | 5 | 4 | 3 | 2 | 5 | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (0) | (0) | 0 | (0) | 0 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (1) | 5 | 4 | 3 | 2 | 5 | |
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.