Energy Recovery, Inc. ERII Cash Flow

Energy recovery, inc. (ERII)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash flows from operating activities:
Net Income (Loss) Attributable to Parent
621	-609	5,149	3,719	2,654	2,418	4,658	15,743	-726	13,531	3,472	929	422	5,808	-579	456	-1,966	312	-340	-3,327	-8,283	-4,905	-5,506	-4,611	-3,683	6,727	-3,866	-1,457	-4,510	-2,184	-1,826	439	-4,683	-10,021	-11,326	-3,338	-1,758
Adjustments to reconcile net income to cash used in operating activities
Stock-based compensation
1,503	1,251	1,354	1,393	1,678	1,014	1,042	942	2,242	951	1,016	1,007	1,113	623	775	677	1,188	510	496	1,913	1,140	476	413	634	581	460	2,904	-498	-689	518	589	725	783	524	706	707	607
Depreciation and amortization
1,258	955	1,488	1,052	900	971	858	916	1,124	962	884	939	881	909	920	919	932	941	938	980	979	1,003	1,027	1,015	983	996	972	918	911	857	969	976	1,000	1,183	1,201	1,203	1,204
Amortization (accretion) of premiums and discounts on investments
-220	-102	7	4	26	18	-113	-177	-90	-81	-149	-117	-113	-80	-60	-31	-3	-8	-24	-51	-79	-105	-109	-114	-125	-130	-108	-82	-89	-105	-115	-441	154	-	-	-	-
Reversal of accruals related to expired warranties
-	-	-	-	-	9	87	34	50	-37	114	60	63	35	55	113	33	182	213	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in allowance for doubtful accounts
-	-	-	-	-	0	8	320	8	39	6	6	4	8	52	12	4	24	29	57	2	6	167	54	72	-179	114	94	40	75	-177	77	31	199	-41	55	-10
Adjustments for excess or obsolete inventory
-	-	-	-	-	-65	-115	-13	-4	-431	111	190	-71	186	217	-54	12	376	-147	31	-10	108	169	3	40	216	141	-40	-20	837	16	22	-18	303	12	-174	225
Deferred income taxes
-35	223	-87	736	549	-235	1,362	-11,136	-376	-8,621	-11	-140	-93	-189	-71	8	-207	-498	41	66	65	146	58	55	56	60	278	-55	-56	312	-44	-177	59	-	-	-	-
Foreign currency transactions
-	-	-	-	-	10	-51	164	-113	-75	-53	-31	15	52	-13	1	-53	53	-33	103	-124	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for warranty claims
98	63	97	90	152	113	78	87	48	101	54	36	55	74	38	96	0	44	76	-6	21	69	39	45	3	-51	39	41	97	318	109	133	41	120	216	176	77
Loss on disposal of fixed assets
-	-	-	-	-	-350	-36	-1	-21	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-52	0	-6	-13	-	-	-	-	-180	-2	0	77
Change in fair value of put options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-4	-29	-	-55	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on foreign currency transactions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	51	-31	-10	-	36	-21	-10	8	4	44	-51	-85	244	-40	-188
Interest accrued on notes receivables from stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-1	-	-	-	-
Other non-cash adjustments
-47	-	-	-68	68	-	-	1	-3	51	52	62	31	11	71	5	44	-12	75	342	-428	-554	26	28	125	35	30	29	29	-68	20	-63	-2	-36	6	43	-31
Changes in operating assets and liabilities:
Accounts receivable, net
902	-7,938	5,631	-2,176	7,162	2,546	-3,630	-1,130	297	575	-350	3,117	-2,581	3,574	3	571	-3,904	3,553	662	2,052	-5,524	6,933	-5,211	-7,776	2,052	8,911	-4,240	-1,203	-1,426	3,105	870	2,632	172	-8,779	4,445	67	1,325
Contract assets
-244	-	-	-	2,977	-	-	-	-	-	-	-	-	1,101	-890	0	-81	637	-449	254	-314	816	-417	-585	-4,696	5,599	-1,257	-1,359	-2,232	3,469	1,169	30	162	-1,300	1,981	789	-2,651
Contract assets, costs and estimated earnings in excess of billings
-	-	-	-	-	-	-	1,144	-1,330	-	733	-1,333	3,556	-	440	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventories, net
692	1,371	1,160	507	218	978	-13	-917	1,824	-253	-154	1,314	343	-1,448	-450	-623	234	-2,514	-957	400	1,120	-1,915	801	1,322	3,361	-3,789	1,653	773	1,480	-549	-483	-292	-508	-742	-225	-122	139
Prepaid and other assets
428	646	643	-1,166	140	237	-10,032	10,350	127	-311	-172	-31	553	-196	214	-1	385	-558	481	-85	-154	-791	832	-899	1,112	-294	-2,892	-162	121	-287	234	-1,209	570	730	1,834	-1,917	-164
Accounts payable
745	-279	-108	-4	18	-76	-222	-509	-1,467	-	-	1,135	189	-291	278	-1,074	727	182	-683	334	215	564	-546	162	448	-148	63	-664	-117	523	188	-84	-44	-23	-164	469	-174
Accrued expenses and other liabilities
-4,514	664	1,678	411	-3,353	1,357	-8,802	11,624	-4,092	2,843	867	467	-3,566	1,336	1,070	157	-2,825	2,894	31	-2,441	-1,192	4,120	187	195	-2,638	1,949	555	-380	-2,810	2,038	971	1,074	-2,015	1,319	-1,166	352	-291
Income taxes
3	-3	-17	37	10	191	-61	-574	-3	-333	306	288	124	263	46	93	-4	7	-14	2	2	-11	-11	-3	7	-1	-27	6	4	6	3	2	8	0	-2	8	5
Contract liabilities
-3,552	-3,816	-2,397	-3,808	-3,922	-3,816	-4,151	-3,295	-2,354	-3,948	-3,157	-2,596	-2,157	-	-	-	-	-	-	-	-	-	50	138	15	-	-157	104	-334	-989	524	72	602	361	212	-358	-1,594
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-300	-20	335	191	566	-1,338	-1,084	32	-3,530	604	-412	246	-949	-60	-59	-707	1,035	-2,211	565	293	5,094	-482	-866
Net cash used in operating activities
-5,872	4,765	500	5,954	-5,951	-2,184	11,419	4,663	-6,333	5,067	3,812	-1,160	-4,824	2,638	1,478	1,109	-260	76,756	249	-6,966	-984	-3,447	-75	5,742	-5,935	-646	5,338	1,250	-3,854	-2,446	-125	1,879	-3,740	-3,756	779	-2,077	-3,202
Cash flows from investing activities:
Sales of marketable securities
4,974	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Maturities of marketable securities
21,195	8,060	22,047	28,394	19,599	19,055	21,575	15,015	25,623	18,129	18,472	2,859	9,646	6,535	1,000	0	0	1,080	3,610	3,560	4,675	1,672	290	1,465	2,600	1,573	1,550	2,200	4,250	4,855	1,250	2,706	4,305	-	-	-	-
Purchases of marketable securities
12,855	18,954	19,704	27,351	19,198	25,858	17,217	29,182	13,935	16,111	33,384	21,791	9,355	30,640	1,009	14,903	0	-	-	-	-	-	-	-	-	2,174	4,534	5,106	3,464	4,100	0	0	861	-	-	-	-
Capital expenditures
1,380	1,881	816	3,119	1,566	3,206	493	910	626	533	3,066	3,245	532	212	287	461	152	15	128	250	179	261	161	2,102	38	55	211	482	384	705	626	465	1,014	125	943	559	339
Net cash provided by (used in) investing activities
11,934	-8,702	5,062	-2,076	-1,165	-10,009	3,865	-15,077	11,062	1,485	-17,978	-22,177	-241	-24,302	4	-15,344	-487	874	2,916	4,648	5,580	1,379	3,386	-1,241	2,974	-900	-1,085	-3,328	461	757	-411	4,452	1,865	-23,100	-5,677	-77	582
Proceeds from sale of capitalized assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	355	360	0	55
Cash flows from financing activities:
Net proceeds from issuance of common stock
440	649	843	2,390	2,191	418	1,483	754	1,636	1,786	40	690	2,992	2,892	1,197	996	1,515	768	265	43	250	1,240	27	534	604	79	195	30	200	23	2	0	5	-1	5	27	18
Tax payment for employee shares withheld
22	21	27	28	34	35	39	39	37	42	33	42	153	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax payment for employee shares withheld
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	55	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of long-term debt
-	-	-	-	-	19	3	3	2	3	3	3	2	3	2	3	2	2	3	2	0	-	-	-	-	-	-	-	-	0	21	32	32	32	32	32	32
Repurchase of common stock
-	-	-	-	-	0	0	6,505	3,495	0	0	4,276	0	0	997	4,272	4,106	0	0	0	0	1,202	1,000	0	633	-	-	-	-	0	0	3,200	800	-	-	-	-
Repayment of capital lease obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	4	14	6	13	23	40	22	33	34	115
Net cash provided by financing activities
418	628	816	2,362	2,157	364	1,441	-5,793	-1,898	1,741	4	-3,631	2,837	2,889	198	-3,279	-2,593	766	262	41	305	38	-2,348	534	-29	79	195	26	186	41	-32	-3,255	-867	-55	-60	-23	-129
Effect of exchange rate differences on cash and cash equivalents
-25	0	0	4	-4	-22	-8	36	-14	-2	-40	-30	15	25	24	-26	-64	37	-36	-7	-11	108	13	-25	56	23	17	-21	-12	3	26	-9	-3	-	-	-	-
Net change in cash, cash equivalents and restricted cash
6,455	-3,309	6,378	6,244	-4,963	-11,851	16,717	-16,171	2,817	8,291	-14,202	-26,998	-2,213	-18,750	1,704	-17,540	-3,404	78,433	3,391	-2,284	4,890	-1,922	976	5,010	-2,934	-1,444	4,465	-2,073	-3,219	-1,645	-542	3,067	-2,745	-26,923	-4,966	-2,193	-2,749
Supplemental disclosure on non-cash transactions: