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 millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments115 9598100
Cash and cash equivalents94 222861
Short-term investments20 737039
Restricted cash and investments  032
Receivables12 141412
Inventory, net of allowances, customer advances and progress billings12 765
Inventory12 765
Prepaid expense  10 
Contract with customer, asset1  ✕✕
Costs in excess of billings✕✕✕52
Other undisclosed current assets4 211
Total current assets:143 120126122
Noncurrent Assets
Operating lease, right-of-use asset16 ✕✕✕
Property, plant and equipment20 15139
Long-term investments and receivables  1  
Long-term investments  1  
Intangible assets, net (including goodwill)13 131415
Goodwill13 131313
Intangible assets, net (excluding goodwill)0 112
Restricted cash and investments  002
Deferred income tax assets11 ✕✕✕
Other noncurrent assets1 000
Deferred tax assets, net✕✕ 81
Other undisclosed noncurrent assets  31  
Total noncurrent assets:61 603627
TOTAL ASSETS:204 180162149
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities10 8118
Accounts payable1 142
Accrued liabilities1 000
Employee-related liabilities8 666
Taxes payable   00
Deferred revenue2 ✕✕✕
Debt   00
Deferred revenue and credits✕✕✕66
Contract with customer, liability✕✕16✕✕
Other undisclosed current liabilities4 333
Total current liabilities:16 272017
Noncurrent Liabilities
Long-term debt and lease obligation16  00
Long-term debt, excluding current maturities   00
Operating lease, liability16 ✕✕✕
Liabilities, other than long-term debt1 275967
Deferred revenue and credits✕✕✕5965
Deferred revenue0 ✕✕✕
Contract with customer, liability✕✕27✕✕
Deferred tax liabilities, net✕✕  2
Other liabilities0    
Other undisclosed noncurrent liabilities  13  
Total noncurrent liabilities:17 395967
Total liabilities:33 667984
Stockholders' equity
Stockholders' equity attributable to parent172 1138365
Common stock0 000
Treasury stock, value(30) (30)(20)(16)
Additional paid in capital179 158149140
Accumulated other comprehensive income (loss)0 (0)(0)(0)
Retained earnings (accumulated deficit)23 (14)(46)(58)
Total stockholders' equity:172 1138365
TOTAL LIABILITIES AND EQUITY:204 180162149

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues119 755850
Revenue, net✕✕✕5850
Cost of revenue   (19)(18)
Gross profit:119 753932
Operating expenses(59) (47)(41)(37)
Other undisclosed operating income (loss)(28) (18)55
Operating income:31 1030
Nonoperating income1 110
Other nonoperating income (expense)(0) (0)(0)0
Interest and debt expense  (0)(0)(0)
Other undisclosed income from continuing operations before equity method investments, income taxes  000
Income from continuing operations before equity method investments, income taxes:32 1141
Other undisclosed income from continuing operations before income taxes   0 
Income from continuing operations before income taxes:32 1141
Income tax expense (benefit)(6) 1180
Net income:26 22131
Other undisclosed net loss attributable to parent   (0) 
Net income available to common stockholders, diluted:26 22121

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:26 22131
Other comprehensive loss   (0) 
Comprehensive income:26 22131
Other undisclosed comprehensive income (loss), net of tax, attributable to parent0 (0)(0)(0)
Comprehensive income, net of tax, attributable to parent:26 22121

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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