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)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments85959810010029
Cash and cash equivalents2622286110016
Short-term investments59737039013
Restricted cash and investments 03213
Receivables131414121312
Inventory, net of allowances, customer advances and progress billings1076578
Inventory1076578
Prepaid expense 10 00
Contract with customer, asset1 ✕✕✕✕
Costs in excess of billings✕✕52  
Deferred tax assets✕   10
Other undisclosed current assets421111
Total current assets:11312012612212453
Noncurrent Assets
Operating lease, right-of-use asset11✕✕✕✕✕
Property, plant and equipment19151391113
Long-term investments and receivables151   0
Long-term investments151   0
Intangible assets, net (including goodwill)131314151516
Goodwill131313131313
Intangible assets, net (excluding goodwill)011233
Contract with customer, asset, net0 ✕✕✕✕
Restricted cash and investments 00223
Deferred income tax assets17✕✕✕✕✕
Other noncurrent assets000000
Deferred tax assets, net✕ 81  
Other undisclosed noncurrent assets 31  00
Total noncurrent assets:766036272833
TOTAL ASSETS:18918016214915286
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8811876
Accounts payable114222
Accrued liabilities100001
Employee-related liabilities666653
Taxes payable  0000
Deferred revenue16✕✕✕✕✕
Debt1 000 
Deferred revenue and credits✕✕6661
Contract with customer, liability✕16✕✕✕✕
Other liabilities     2
Other undisclosed current liabilities333333
Total current liabilities:282720171612
Noncurrent Liabilities
Long-term debt and lease obligation12 000 
Long-term debt, excluding current maturities  000 
Operating lease, liability12✕✕✕✕✕
Liabilities, other than long-term debt13275967725
Deferred revenue and credits✕✕5965691
Deferred revenue13✕✕✕✕✕
Contract with customer, liability✕27✕✕✕✕
Deferred tax liabilities, net✕  222
Other liabilities    12
Other undisclosed noncurrent liabilities013   (1)
Total noncurrent liabilities:25395967725
Total liabilities:536679848816
Stockholders' equity
Stockholders' equity attributable to parent13611383656470
Common stock000000
Treasury stock, value(30)(30)(20)(16)(7)(7)
Additional paid in capital170158149140130124
Accumulated other comprehensive loss(0)(0)(0)(0)(0)(0)
Accumulated deficit(4)(14)(46)(58)(59)(48)
Total stockholders' equity:13611383656470
TOTAL LIABILITIES AND EQUITY:18918016214915286

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues877558504430
Revenue, net✕✕58504430
Cost of revenue  (19)(18)(19)(14)
Gross profit:877539322517
Operating expenses(56)(47)(41)(37)(37)(35)
Other undisclosed operating income (loss)(20)(18)551 
Operating income (loss):101030(12)(18)
Nonoperating income (expense)2110(0)0
Foreign currency transaction gain (loss), before tax   (0)(0)0
Other nonoperating income (expense)(0)(0)(0)0(0)0
Interest and debt expense (0)(0)(0)(0) 
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 0000(0)
Income (loss) from continuing operations before equity method investments, income taxes:121141(12)(18)
Other undisclosed income from continuing operations before income taxes  0   
Income (loss) from continuing operations before income taxes:121141(12)(18)
Income tax expense (benefit)(1)11800(0)
Net income (loss):1122131(12)(19)
Other undisclosed net loss attributable to parent  (0)   
Net income (loss) available to common stockholders, diluted:1122121(12)(19)

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):1122131(12)(19)
Other comprehensive loss  (0)  (0)
Comprehensive income (loss):1122131(12)(19)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent0(0)(0)(0)00
Comprehensive income (loss), net of tax, attributable to parent:1122121(12)(19)

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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