← Energy Recovery, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $1.0m |
$12.3m
+1094.39%
|
$22.1m
+78.89%
|
$10.9m
-50.60%
|
$26.4m
+141.79%
|
$14.3m
-45.92%
|
$24.0m
+68.54%
|
$21.5m
-10.58%
|
$23.1m
+7.19%
|
$23.0m
-0.38%
|
— | |
| Depreciation, Depletion and Amortization | $3.7m | $3.7m | $3.9m | $4.4m | $5.3m | $5.9m | $4.8m | $4.1m | $4.0m | $3.8m | $3.8m | |
| Amortization of Intangible Assets | $631k | $631k | $630k | $575k | $16k | $12k | — | — | — | — | — | |
| Depreciation | $3.0m | $3.0m | $3.2m | $3.8m | $3.9m | $4.5m | $4.7m | $4.1m | $4.0m | $3.8m | $3.8m | |
| Deferred Income Tax Expense (Benefit) | ($452k) | ($8.9m) | ($10.4m) | $1.4m | $5.8m | ($355k) | $1.2m | ($131k) | $1.3m | $1.8m | ($1.7m) | |
| Share-based Payment Arrangement, Noncash Expense | $3.3m | $4.1m | $5.2m | $5.7m | $4.8m | $6.1m | $6.5m | $8.0m | $10.3m | $7.7m | $7.2m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $270k | $150k | $110k | $23k | $0 | $0 | — | — | — | — | |
| Share-based Payment Arrangement, Expense | $3.3m | $4.1m | $5.2m | $5.7m | $4.8m | $6.1m | $6.5m | $8.0m | $10.3m | $7.7m | $7.2m | |
| Goodwill, Impairment Loss | — | — | — | — | — | $0 | — | $0 | $0 | $0 | $1.7m | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | — | $0 | $0 | — | — | — | — | |
| Impairment of Intangible Assets, Finite-lived | $0 | — | — | — | — | — | — | — | — | — | — | |
| Operating Lease, Impairment Loss | — | — | — | — | — | — | — | — | — | $200k | — | |
| Nonoperating Income (Expense) | $287k | $680k | $1.5m | $1.9m | $839k | $173k | $1.2m | $3.7m | $6.0m | $3.7m | — | |
| Other Nonoperating Income (Expense) | $290k | ($188k) | ($80k) | ($118k) | ($74k) | ($31k) | $334k | ($101k) | ($207k) | $92k | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $244k | $761k | ($1.9m) | $2.7m | ($1.1m) | $8.8m | $13.5m | $12.9m | $17.2m | $12.7m | $21.2m | |
| Increase (Decrease) in Inventories | ($2.3m) | $1.2m | $1.9m | $3.3m | $1.6m | $8.8m | $8.3m | ($1.4m) | ($1.2m) | ($7k) | ($8.1m) | |
| Increase (Decrease) in Accounts Payable | ($360k) | $2.1m | ($2.3m) | ($373k) | ($205k) | ($155k) | $138k | $2.6m | $787k | ($1.5m) | $897k | |
| Net Cash Provided by (Used in) Operating Activities | $5.0m |
$2.9m
-41.69%
|
$7.6m
+161.31%
|
$5.3m
-30.36%
|
$16.9m
+220.24%
|
$13.5m
-19.82%
|
$12.6m
-6.62%
|
$26.1m
+106.27%
|
$20.5m
-21.23%
|
$18.8m
-8.54%
|
$41.3m
+119.97%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $1.1m | $7.4m | $5.2m | $7.4m | $6.8m | $6.7m | $4.2m | $2.6m | $1.3m | $1.3m | ($2.7m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | ($408k) | ($389k) | — | — | — | — | — | — | — | |
| Cash, Cash Equivalents, and Short-term Investments | — | $97.8m | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Sale of Investments | — | — | — | $10k | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($40.1m) | ($38.9m) | ($10.2m) | ($6.9m) | $46.6m | ($20.6m) | ($6.9m) | ($19.1m) | ($15.7m) | $34.0m | ($2.6m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $10k | $11k | $27k | $0 | $0 | — | — | — | — | — | — | |
| Proceeds from Issuance of Long-term Debt | — | $0 | — | — | — | — | — | — | — | — | — | |
| Payments for Repurchase of Common Stock | $9.4m | $4.3m | $10.0m | $0 | $0 | $23.3m | $26.7m | $0 | $50.4m | $35.6m | — | |
| Proceeds from Issuance of Common Stock | $6.6m | $5.5m | $4.3m | $6.1m | $4.4m | $10.6m | $3.0m | $4.8m | $7.1m | $1.8m | $469k | |
| Net Cash Provided by (Used in) Financing Activities | ($2.8m) |
$951k
+134.15%
|
($5.9m)
-718.93%
|
$6.0m
+201.31%
|
$4.4m
-26.65%
|
($12.8m)
-392.46%
|
($23.7m)
-85.02%
|
$4.8m
+120.26%
|
($43.3m)
-1002.88%
|
($34.5m)
+20.22%
|
($34.5m)
+0.13%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($41k) | ($57k) | ($8.5m) | $4.3m | $67.9m | ($19.9m) | ($18.0m) | $11.8m | ($38.5m) | $18.3m | $61.4m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($38.0m) | $30.6m | $22.1m | $26.5m | $94.4m | $74.5m | $56.5m | $68.2m | $29.8m | $48.1m | $61.4m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | ($8k) | $0 | $26k | ($68k) | ($20k) | $33k | ($52k) | $98k | $18k | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $1k | $0 | $0 | — | — | — | — | — | — | |
| Income Taxes Paid, Net | $51k | $57k | $610k | $52k | $52k | $76k | $549k | $505k | $1.6m | $1.4m | — | |
| Additional Financial Items | ||||||||||||
| Foreign Currency Transaction Gain (Loss), before Tax | ($13k) | ($144k) | $10k | $27k | — | — | — | — | — | — | — | |
| General and Administrative Expense | $16.6m | $17.4m | $21.5m | $22.8m | $25.5m | $25.2m | $28.3m | $28.9m | $33.1m | $29.8m | — | |
| Goodwill | $12.8m | $12.8m | $12.8m | $12.8m | $12.8m | $12.8m | $12.8m | $12.8m | $12.8m | $12.8m | $1.7m | |
| Income Tax Expense (Benefit) | ($390k) | ($8.4m) | ($10.7m) | $1.3m | $5.7m | ($265k) | $2.0m | $1.2m | $2.7m | $4.6m | — | |
| Operating Expenses | $36.5m | $40.8m | $46.7m | $56.2m | $59.4m | $57.4m | $62.5m | $68.0m | $77.2m | $64.0m | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $61.0m | — | — | — | — | — | — | — | — | |
| Unrealized Gain (Loss) on Derivatives | ($33k) | — | — | — | — | — | — | — | — | — | — |