Energy recovery, inc. (ERII)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Current assets:
Cash and cash equivalents

32,842

26,387

29,696

23,331

16,992

22,052

33,394

16,378

32,153

27,780

19,245

33,281

58,691

61,364

80,691

78,987

96,527

99,931

21,498

18,107

20,391

15,501

17,423

16,447

11,437

14,371

15,815

11,350

13,423

16,642

18,287

18,829

15,762

18,507

45,430

50,396

55,338

Restricted cash

-

-

-

0

97

-

509

808

1,205

2,664

2,908

2,478

3,323

2,297

521

1,058

1,232

1,490

1,385

1,347

2,263

2,623

3,357

6,077

5,157

4,311

4,633

5,385

5,543

5,235

5,207

3,832

6,161

5,687

6,674

4,465

4,636

Short-term investments

40,995

58,736

59,905

71,854

71,771

73,338

65,446

72,207

58,108

70,020

72,241

57,478

38,668

39,073

15,049

15,095

255

257

1,344

4,713

8,323

13,072

13,751

10,421

8,017

5,856

5,997

7,286

8,029

9,497

11,442

12,033

12,548

11,706

-

-

-

Accounts receivable, net

13,841

12,979

20,848

15,197

17,408

10,212

7,666

11,304

12,754

12,465

11,929

12,347

9,184

11,759

8,193

8,242

7,683

11,590

8,060

7,429

5,333

10,941

3,997

9,372

17,202

15,222

6,132

10,486

11,785

13,240

10,224

9,186

6,316

6,498

3,795

8,375

9,649

Contract assets

-

-

1,090

1,936

1,107

4,083

3,237

5,984

4,948

6,278

573

451

2,216

190

914

1,804

1,804

1,879

828

1,193

1,023

1,343

941

1,358

746

5,442

1,040

2,183

3,481

5,020

1,961

1,264

929

1,059

2,173

4,211

2,278

Cost and estimated earnings in excess of billings

-

-

-

-

-

-

-

-

-

-

4,453

3,861

3,371

1,825

440

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventory, Net

10,938

10,317

8,977

7,763

7,307

7,138

6,275

6,375

7,328

5,514

6,283

6,370

4,824

4,550

5,839

6,178

6,725

6,503

8,893

9,703

9,334

8,204

10,227

9,595

8,276

4,955

8,960

7,364

6,635

5,135

6,521

7,020

8,350

7,824

9,917

9,704

9,772

Income taxes receivable

-

-

-

0

4

-

205

145

-

0

-

-

-

-

-

-

2

-

5

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,145

938

240

240

240

240

698

698

698

698

500

500

500

500

460

460

460

460

580

2,097

2,097

Land and building held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,301

1,345

1,345

1,417

1,581

1,650

1,660

-

-

-

Prepaid expenses and other current assets

5,187

4,548

3,148

2,247

3,170

2,825

2,329

1,720

1,545

1,342

1,663

1,835

1,867

1,311

1,507

1,272

1,299

943

1,506

1,080

1,163

1,317

2,107

1,232

2,131

1,018

1,313

4,203

4,366

4,245

4,520

4,287

4,359

4,929

4,694

6,528

4,428

Total current assets

103,803

112,967

123,664

122,328

117,856

119,648

119,061

114,921

118,041

126,063

119,295

118,101

122,144

122,369

113,154

112,636

116,672

123,531

43,759

43,812

48,070

53,241

52,501

55,200

53,664

51,873

44,390

50,058

55,107

60,859

60,039

58,492

54,885

58,330

73,263

85,776

88,198

Restricted cash, non-current

-

-

-

88

86

-

86

86

85

182

182

778

1,521

2,087

3,301

3,065

2,911

2,317

2,232

1,704

2,126

2,850

2,084

2,894

3,210

4,468

3,900

4,097

3,999

4,366

5,101

5,441

5,323

5,232

3,952

1,067

2,244

Contract assets, non-current

-

-

-

-

-

0

108

108

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unbilled receivables, non-current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

6

420

504

420

414

-

-

1,197

1,197

-

113

178

868

460

-

-

-

-

-

-

Long-term investments

19,361

15,419

7,549

1,507

2,548

1,269

2,341

-

-

0

-

-

-

-

-

-

-

-

-

262

265

267

1,381

4,844

8,810

13,694

13,078

8,898

5,355

4,773

3,705

4,466

6,806

11,198

-

-

-

Deferred tax assets, non-current

16,932

16,897

17,120

17,033

17,769

18,318

18,082

19,444

8,309

7,933

1,711

1,631

1,427

1,270

1,021

885

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment, net

19,780

18,843

17,442

17,384

16,239

14,619

15,634

12,988

12,742

13,393

13,632

10,974

8,610

8,643

9,182

9,762

9,956

10,622

11,346

12,085

12,574

13,211

13,873

14,475

13,161

13,903

14,654

15,208

15,554

15,967

16,522

15,935

16,123

16,170

20,787

21,382

22,314

Operating lease, right of use asset

17,253

11,195

11,449

11,700

11,946

12,189

12,428

12,669

2,511

2,843

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

12,800

12,790

12,790

12,790

12,790

12,790

12,790

12,790

12,790

12,790

12,790

12,790

12,790

12,790

12,790

12,790

12,790

12,790

12,790

12,790

12,790

12,790

12,790

12,790

12,790

12,790

12,790

12,790

12,790

12,790

12,790

12,790

12,790

12,790

12,790

12,790

12,790

Finite-Lived Intangible Assets, Net

61

65

171

327

484

640

796

954

1,112

1,269

1,427

1,585

1,743

1,900

2,058

2,216

2,374

2,531

2,690

2,849

3,007

3,166

3,362

3,577

3,792

4,008

4,238

4,468

4,699

4,929

6,206

6,468

6,729

6,991

7,314

7,660

8,352

Other assets, non-current

632

598

402

308

304

368

287

285

267

12

2

2

2

4

4

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

19

Total assets

190,612

188,774

190,587

183,465

180,022

179,841

181,613

174,245

155,857

164,485

149,039

145,861

148,237

149,063

141,510

141,356

144,705

151,799

73,239

74,008

79,254

85,941

85,993

93,782

96,626

101,935

93,052

95,634

97,684

104,554

104,825

103,594

104,308

110,713

118,108

128,677

133,917

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable

1,868

1,192

1,559

1,459

1,989

1,439

4,515

1,932

2,341

4,091

3,336

2,829

1,824

1,505

1,796

1,518

2,592

1,865

1,683

2,366

2,032

1,817

1,253

1,801

1,639

1,209

1,336

1,189

1,939

2,154

1,865

1,354

1,438

1,506

1,508

1,741

1,429

Accrued Expenses And Other Current Liabilities

6,156

9,869

8,519

5,525

5,112

8,497

6,646

5,157

3,990

7,948

7,657

6,883

5,876

9,019

6,272

5,233

4,984

7,808

4,835

4,886

7,242

8,427

5,357

5,610

5,362

7,963

6,101

5,521

5,764

8,555

6,625

5,271

4,185

6,474

4,642

5,836

5,248

Lease liabilities

1,209

1,023

1,019

983

954

926

764

336

1,641

1,603

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable

-

-

-

32

-

-

0

0

429

432

142

80

16

16

137

89

0

2

-

8

6

4

15

27

28

22

24

48

42

39

32

29

29

21

21

26

13

Product Warranty Accrual, Current

-

-

-

599

571

-

409

389

359

366

314

374

398

406

394

411

428

461

600

747

756

755

689

-

-

709

-

-

-

-

-

-

-

-

-

-

-

Contract liabilities

16,509

15,746

17,507

15,447

15,656

16,270

15,899

17,651

16,831

15,909

6,230

5,856

5,898

6,201

6,455

6,772

5,619

5,878

948

1,224

1,134

519

1,099

1,031

830

779

788

827

740

918

2,232

1,563

1,499

859

520

330

2,341

Accrued warranty reserve

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

705

705

-

1,036

1,027

1,256

1,172

1,018

943

864

852

744

763

1,028

Long-term Debt, Current Maturities

-

-

-

-

-

-

12

12

12

11

11

11

11

11

11

10

10

10

11

11

11

-

-

-

-

-

-

-

-

-

-

21

53

85

117

128

128

Current portion of capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

18

24

37

53

82

98

119

160

Total current liabilities

25,742

27,830

28,604

24,045

24,282

27,132

28,245

25,477

25,603

30,360

17,690

16,033

14,023

17,158

15,065

14,033

13,633

16,024

8,077

9,242

11,181

11,522

8,413

9,174

8,564

10,682

9,285

8,612

9,745

12,856

11,796

9,218

8,121

9,879

7,650

8,943

10,347

Long-term Debt, Excluding Current Maturities

-

-

-

-

-

-

7

10

13

16

19

22

25

27

30

33

36

38

39

42

44

-

-

-

-

-

-

-

-

-

-

-

0

-

-

21

85

Lease liabilities, non-current

17,523

11,533

11,777

12,050

12,311

12,556

12,797

13,033

1,273

1,698

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contract liabilities, non-current

8,805

13,120

15,175

19,632

23,231

26,539

30,727

33,124

37,239

40,517

60,223

61,458

62,708

63,958

65,231

66,462

67,766

69,000

79

68

18

59

13

31

94

130

154

272

255

411

86

230

222

261

238

216

157

Deferred tax liabilities, non-current

-

-

-

-

-

-

-

-

-

-

2,428

2,361

2,297

2,233

2,173

2,109

2,360

2,360

2,160

2,119

2,054

1,989

2,300

2,242

2,186

2,131

1,873

1,817

1,762

1,706

1,678

1,634

1,575

1,516

1,647

317

317

Capital lease obligations, non-current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

7

18

24

37

144

Other non-current liabilities

277

278

277

278

278

236

242

240

255

0

411

459

507

554

598

637

674

718

764

839

2,881

2,453

898

1,925

1,951

2,077

2,112

2,142

2,171

2,200

2,229

2,252

2,083

2,085

2,085

2,079

2,067

Total liabilities

52,347

52,761

55,833

56,005

60,102

66,463

72,018

71,884

64,383

72,591

80,771

80,333

79,560

83,930

83,097

83,274

84,469

88,140

11,119

12,310

16,178

16,023

11,624

13,372

12,795

15,020

13,424

12,843

13,933

17,173

15,789

13,334

12,008

13,759

11,644

11,613

13,117

Commitments and contingencies (Note 8)

-

-

-

-

-

-

0

-

0

-

0

0

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

Stockholders’ equity:
Preferred stock, $0.001 par value; 10,000,000 shares authorized; no shares issued or outstanding at December 31, 2019 and December 31, 2018

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock

61

61

60

60

60

59

59

59

59

58

58

58

58

57

56

56

55

55

55

55

54

54

54

54

53

53

53

53

53

53

53

53

53

53

53

53

53

Additional paid-in capital

171,954

170,028

168,150

165,981

162,231

158,404

157,008

154,524

152,850

149,006

146,320

145,296

143,641

139,676

136,053

134,156

132,469

129,809

128,566

127,803

125,847

124,440

122,738

122,289

121,119

119,932

119,372

118,674

118,150

117,264

116,725

116,131

115,407

114,619

114,103

113,387

112,025

Accumulated other comprehensive loss

-332

-37

-26

-2

-73

-133

-101

-194

-168

-125

-77

-87

-107

-118

-91

-101

-75

-64

-48

-47

-39

-73

-27

-43

-62

-107

-107

-112

-85

-79

-45

-53

-50

-92

-87

-97

-80

Notes receivable from stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-24

-24

-24

-23

-23

-23

-38

Treasury stock

30,486

30,486

30,486

30,486

30,486

30,486

30,486

30,486

23,981

20,486

20,486

20,486

16,210

16,210

16,210

15,213

10,941

6,835

6,835

6,835

6,835

6,835

5,633

4,633

4,633

4,000

4,000

4,000

4,000

4,000

4,000

4,000

800

-

-

-

-

Accumulated deficit

-2,932

-3,553

-2,944

-8,093

-11,812

-14,466

-16,885

-21,542

-37,286

-36,559

-57,547

-59,253

-58,705

-58,272

-61,395

-60,816

-61,272

-59,306

-59,618

-59,278

-55,951

-47,668

-42,763

-37,257

-32,646

-28,963

-35,690

-31,824

-30,367

-25,857

-23,673

-21,847

-22,286

-17,603

-7,582

3,744

8,840

Stockholders' Equity Attributable to Parent

138,265

136,013

134,754

127,460

119,920

113,378

109,595

102,361

91,474

91,894

68,268

65,528

68,677

65,133

58,413

58,082

60,236

63,659

62,120

61,698

63,076

69,918

74,369

80,410

83,831

86,915

79,628

82,791

83,751

87,381

89,036

90,260

92,300

96,954

106,464

117,064

120,800

Total liabilities and stockholders’ equity

190,612

188,774

190,587

183,465

180,022

179,841

181,613

174,245

155,857

164,485

149,039

145,861

148,237

149,063

141,510

141,356

144,705

151,799

73,239

74,008

79,254

85,941

85,993

93,782

96,626

101,935

93,052

95,634

97,684

104,554

104,825

103,594

104,308

110,713

118,108

128,677

133,917