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
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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments105,690114,701 95,29397,800
Cash and cash equivalents74,35894,255 21,95527,780
Short-term investments31,33220,446 73,33870,020
Restricted cash and investments   972,664
Receivables20,61511,792 14,31013,878
Inventory, net of allowances, customer advances and progress billings20,38311,748 7,1385,514
Inventory20,38311,748 7,1385,514
Prepaid expense1,824  829380
Contract with customer, asset4931,309  ✕
Costs in excess of billings✕✕✕✕4,998
Other undisclosed current assets2,7583,641 1,981962
Total current assets:151,763143,191 119,648126,196
Noncurrent Assets
Operating lease, right-of-use asset14,65316,090 ✕✕
Property, plant and equipment20,36120,176 14,61913,393
Long-term investments and receivables2,298  1,269 
Long-term investments2,298  1,269 
Intangible assets, net (including goodwill)12,82712,839 13,43014,059
Goodwill12,79012,790 12,79012,790
Intangible assets, net (excluding goodwill)3749 6401,269
Restricted cash and investments   86182
Deferred income tax assets11,42111,030 ✕✕
Other noncurrent assets367988 28212
Deferred tax assets, net✕✕✕ 7,902
Other undisclosed noncurrent assets   30,507 
Total noncurrent assets:61,92761,123 60,19335,548
TOTAL ASSETS:213,690204,314 179,841161,744
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities11,95810,278 7,76010,960
Accounts payable9091,118 1,4394,091
Accrued liabilities879760 478366
Employee-related liabilities10,1708,400 5,8436,071
Taxes payable    432
Deferred revenue3,3181,552 ✕✕
Debt    11
Deferred revenue and credits✕✕✕✕5,611
Contract with customer, liability✕✕✕16,270✕
Other undisclosed current liabilities4,5093,899 3,1023,251
Total current liabilities:19,78515,729 27,13219,833
Noncurrent Liabilities
Long-term debt and lease obligation14,87916,443  16
Long-term debt, excluding current maturities    16
Operating lease, liability14,87916,443 ✕✕
Liabilities, other than long-term debt247518 26,53959,364
Deferred revenue and credits✕✕✕✕59,364
Deferred revenue 88 ✕✕
Contract with customer, liability✕✕✕26,539✕
Other liabilities247430   
Other undisclosed noncurrent liabilities   12,792 
Total noncurrent liabilities:15,12616,961 39,33159,380
Total liabilities:34,91132,690 66,46379,213
Stockholders' equity
Stockholders' equity attributable to parent178,779171,624 113,37882,531
Common stock6462 5958
Treasury stock, value(53,832)(30,486) (30,486)(20,486)
Additional paid in capital195,593179,161 158,404149,006
Accumulated other comprehensive income (loss)(149)53 (133)(125)
Retained earnings (accumulated deficit)37,10322,834 (14,466)(45,922)
Total stockholders' equity:178,779171,624 113,37882,531
TOTAL LIABILITIES AND EQUITY:213,690204,314 179,841161,744

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues103,904118,986 74,51558,156
Revenue, net✕✕✕✕58,156
Cost of revenue    (19,061)
Gross profit:103,904118,986 74,51539,095
Operating expenses(57,403)(59,443) (46,664)(40,819)
Other undisclosed operating income (loss)(32,670)(28,249) (17,873)5,000
Operating income:13,83131,294 9,9783,276
Nonoperating income173839 1,462680
Other nonoperating expense(31)(74) (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:14,00432,133 11,4403,956
Other undisclosed income from continuing operations before income taxes    310
Income from continuing operations before income taxes:14,00432,133 11,4404,266
Income tax expense (benefit)265(5,746) 10,6538,394
Net income:14,26926,387 22,09312,660
Other undisclosed net loss attributable to parent    (310)
Net income available to common stockholders, diluted:14,26926,387 22,09312,350

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:14,26926,387 22,09312,660
Other comprehensive loss    (7)
Comprehensive income:14,26926,387 22,09312,653
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(202)90 (8)(310)
Comprehensive income, net of tax, attributable to parent:14,06726,477 22,08512,343

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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