Energy recovery, inc. (ERII)
CashFlow / 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'11Mar'11
Cash flows from operating activities:
Net Income (Loss) Attributable to Parent

8,880

10,913

13,940

13,449

25,473

22,093

33,206

32,020

17,206

18,354

10,631

6,580

6,107

3,719

-1,777

-1,538

-5,321

-11,638

-16,855

-22,021

-23,305

-18,705

-7,073

-5,433

-2,279

-3,106

-12,017

-9,977

-8,081

-8,254

-16,091

-25,591

-29,368

-26,443

0

0

0

Adjustments to reconcile net income to cash used in operating activities
Stock-based compensation

5,501

5,676

5,439

5,127

4,676

5,240

5,177

5,151

5,216

4,087

3,759

3,518

3,188

3,263

3,150

2,871

4,107

4,059

4,025

3,942

2,663

2,104

2,088

4,579

3,447

2,177

2,235

-80

1,143

2,615

2,621

2,738

2,720

2,544

0

0

0

Depreciation and amortization

4,753

4,395

4,411

3,781

3,645

3,869

3,860

3,886

3,909

3,666

3,613

3,649

3,629

3,680

3,712

3,730

3,791

3,838

3,900

3,989

4,024

4,028

4,021

3,966

3,869

3,797

3,658

3,655

3,713

3,802

4,128

4,360

4,587

4,791

0

0

0

Amortization (accretion) of premiums and discounts on investments

-311

-65

55

-65

-246

-362

-461

-497

-437

-460

-459

-370

-284

-174

-102

-66

-86

-162

-259

-344

-407

-453

-478

-477

-445

-409

-384

-391

-750

-507

0

0

0

-

-

-

-

Reversal of accruals related to expired warranties

-

-

-

-

-

180

134

161

187

200

272

213

266

236

383

541

428

395

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in allowance for doubtful accounts

-

-

-

-

-

336

375

373

59

55

24

70

76

76

92

69

114

112

94

232

229

299

114

61

101

69

323

32

15

6

130

266

244

203

0

0

0

Adjustments for excess or obsolete inventory

-

-

-

-

-

-197

-563

-337

-134

-201

416

522

278

361

551

187

272

250

-18

298

270

320

428

400

357

297

918

793

855

857

323

319

123

366

0

0

0

Deferred income taxes

837

1,421

963

2,412

-9,460

-10,385

-18,771

-20,144

-9,148

-8,865

-433

-493

-345

-459

-768

-656

-598

-326

318

335

324

315

229

449

339

227

479

157

35

150

0

0

0

-

-

-

-

Foreign currency transactions

-

-

-

-

-

10

-75

-77

-272

-144

-17

23

55

-13

-12

-32

70

-1

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for warranty claims

348

402

452

433

430

326

314

290

239

246

219

203

263

208

178

216

114

135

160

123

174

156

36

36

32

126

495

565

657

601

403

510

553

589

0

0

0

Loss on disposal of fixed assets

-

-

-

-

-

-408

-58

-22

-21

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-71

0

0

0

-

-

-

-

-105

0

0

0

Change in fair value of put options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-87

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on foreign currency transactions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

13

-19

46

5

-88

152

68

-69

0

0

0

Interest accrued on notes receivables from stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

0

0

0

-

-

-

-

Other non-cash adjustments

0

-

-

0

0

-

-

101

162

196

156

175

118

131

108

112

449

-23

-565

-614

-928

-375

214

218

219

123

20

10

-82

-113

-81

-95

11

-18

0

0

0

Changes in operating assets and liabilities:
Accounts receivable, net

-3,581

2,679

13,163

3,902

4,948

-1,917

-3,888

-608

3,639

761

3,760

4,113

1,567

244

223

882

2,363

743

4,123

-1,750

-11,578

-4,002

-2,024

-1,053

5,520

2,042

-3,764

1,346

5,181

6,779

-5,105

-1,530

-4,095

-2,942

0

0

0

Contract assets

0

-

-

-

0

-

-

-

-

-

-

-

-

130

-334

107

361

128

307

339

-500

-4,882

-99

-939

-1,713

751

-1,379

1,047

2,436

4,830

61

873

1,632

-1,181

0

0

0

Contract assets, costs and estimated earnings in excess of billings

-

-

-

-

-

-

-

0

-1,713

-

0

0

5,381

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventories, net

3,730

3,256

2,863

1,690

266

1,872

641

500

2,731

1,250

55

-241

-2,178

-2,287

-3,353

-3,860

-2,837

-1,951

-1,352

406

1,328

3,569

1,695

2,547

1,998

117

3,357

1,221

156

-1,832

-2,025

-1,767

-1,597

-950

0

0

0

Prepaid and other assets

551

263

-146

-10,821

695

682

134

9,994

-387

39

154

540

570

402

40

307

223

-316

-549

-198

-1,012

254

751

-2,973

-2,236

-3,227

-3,220

-94

-1,141

-692

325

1,925

1,217

483

0

0

0

Accounts payable

354

-373

-170

-284

-789

-2,274

0

0

462

-

-

1,311

-898

-360

113

-848

560

48

430

567

395

628

-84

525

-301

-866

-195

-70

510

583

37

-315

238

108

0

0

0

Accrued expenses and other liabilities

-1,761

-600

93

-10,387

826

87

1,573

11,242

85

611

-896

-693

-1,003

-262

1,296

257

-2,341

-708

518

674

3,310

1,864

-307

61

-514

-686

-597

-181

1,273

2,068

1,349

-788

-1,510

214

0

0

0

Income taxes

20

27

221

177

-434

-447

-971

-604

258

385

981

721

526

398

142

82

-9

-3

-21

-18

-23

-18

-8

-24

-15

-18

-11

19

15

19

13

8

14

11

0

0

0

Contract liabilities

-13,573

-13,943

-13,943

-15,697

-15,184

-13,616

-13,748

-12,754

-12,055

-11,858

0

0

0

-

-

-

-

-

-

-

-

-

0

0

0

-

-1,376

-695

-727

209

1,559

1,247

817

-1,379

0

0

0

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

206

1,072

-246

-1,665

-1,824

-5,920

-3,978

-3,306

-3,092

-511

-1,175

-822

-1,775

209

-1,942

-1,318

-318

3,741

5,470

4,039

0

0

0

Net cash used in operating activities

5,347

5,268

-1,681

9,238

7,947

7,565

14,816

7,209

1,386

2,895

466

-1,868

401

4,965

79,083

77,854

69,779

69,055

-11,148

-11,472

1,236

-3,715

-914

4,499

7

2,088

288

-5,175

-4,546

-4,432

-5,742

-4,838

-8,794

-8,256

0

0

0

Cash flows from investing activities:
Sales of marketable securities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Maturities of marketable securities

79,696

78,100

89,095

88,623

75,244

81,268

80,342

77,239

65,083

49,106

37,512

20,040

17,181

7,535

2,080

4,690

8,250

12,925

13,517

10,197

8,102

6,027

5,928

7,188

7,923

9,573

12,855

12,555

13,061

13,116

0

0

0

-

-

-

-

Purchases of marketable securities

78,864

85,207

92,111

89,624

91,455

86,192

76,445

92,612

85,221

80,641

95,170

62,795

55,907

46,552

0

0

0

-

-

-

-

-

-

-

-

15,278

17,204

12,670

7,564

4,961

0

0

0

-

-

-

-

Capital expenditures

7,196

7,382

8,707

8,384

6,175

5,235

2,562

5,135

7,470

7,376

7,055

4,276

1,492

1,112

915

756

545

572

818

851

2,703

2,562

2,356

2,406

786

1,132

1,782

2,197

2,180

2,810

2,230

2,547

2,641

1,966

0

0

0

Net cash provided by (used in) investing activities

6,218

-6,881

-8,188

-9,385

-22,386

-10,159

1,335

-20,508

-27,608

-38,911

-64,698

-46,716

-39,883

-40,129

-14,953

-12,041

7,951

14,018

14,523

14,993

9,104

6,498

4,219

-252

-2,339

-4,852

-3,195

-2,521

5,259

6,663

-17,194

-22,460

-26,989

-28,272

0

0

0

Proceeds from sale of capitalized assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

770

0

0

0

Cash flows from financing activities:
Net proceeds from issuance of common stock

4,322

6,073

5,842

6,482

4,846

4,291

5,659

4,216

4,152

5,508

6,614

7,771

8,077

6,600

4,476

3,544

2,591

1,326

1,798

1,560

2,051

2,405

1,244

1,412

908

504

448

255

225

30

6

9

36

49

0

0

0

Tax payment for employee shares withheld

98

110

124

136

147

150

157

151

154

270

228

195

153

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax payment for employee shares withheld

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

55

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of long-term debt

-

-

-

-

-

27

11

11

11

11

11

10

10

10

9

10

9

7

0

0

0

-

-

-

-

-

-

-

-

85

117

128

128

128

0

0

0

Repurchase of common stock

-

-

-

-

-

10,000

10,000

10,000

7,771

4,276

4,276

5,273

5,269

9,375

9,375

8,378

4,106

0

1,202

2,202

2,202

2,835

0

0

0

-

-

-

-

4,000

0

0

0

-

-

-

-

Repayment of capital lease obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18

24

37

56

82

98

118

129

204

0

0

0

Net cash provided by financing activities

4,224

5,963

5,699

6,324

-1,831

-5,886

-4,509

-5,946

-3,784

951

2,099

2,293

2,645

-2,785

-4,908

-4,844

-1,524

1,374

646

-1,964

-1,471

-1,805

-1,764

779

271

486

448

221

-3,060

-4,113

-4,209

-4,237

-1,005

-267

0

0

0

Effect of exchange rate differences on cash and cash equivalents

-21

0

-22

-30

2

-8

12

-20

-86

-57

-30

34

38

-41

-29

-89

-70

-17

54

103

85

152

67

71

75

7

-13

-4

8

17

0

0

0

-

-

-

-

Net change in cash, cash equivalents and restricted cash

15,768

4,350

-4,192

6,147

-16,268

-8,488

11,654

-19,265

-30,092

-35,122

-62,163

-46,257

-36,799

-37,990

59,193

60,880

76,136

84,430

4,075

1,660

8,954

1,130

1,608

5,097

-1,986

-2,271

-2,472

-7,479

-2,339

-1,865

-27,143

-31,567

-36,827

-36,831

0

0

0

Supplemental disclosure on non-cash transactions: