Energy Recovery Inc
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 21, 2024
ERII$7.33-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Stockholders’
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’EQUITY
| Years Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| (In thousands, except shares) | |||
| Common stock | |||
| Beginning balance | $64 | $64 | $62 |
| Issuance of common stock, net | 1 | — | 2 |
| Ending balance | 65 | 64 | 64 |
| Additional paid-in capital | |||
| Beginning balance | 204,957 | 195,593 | 179,161 |
| Issuance of common stock, net | 4,793 | 2,986 | 10,552 |
| Stock-based compensation | 7,867 | 6,378 | 5,880 |
| Ending balance | 217,617 | 204,957 | 195,593 |
| Accumulated other comprehensive loss | |||
| Beginning balance | (349) | (149) | 53 |
| Other comprehensive income (loss) | |||
| Foreign currency translation adjustments | 51 | 15 | (68) |
| Unrealized gain (loss) on investments | 254 | (215) | (134) |
| Total other comprehensive income (loss), net | 305 | (200) | (202) |
| Ending balance | (44) | (349) | (149) |
| Treasury stock | |||
| Beginning balance | (80,486) | (53,832) | (30,486) |
| Common stock repurchased | — | (26,654) | (23,346) |
| Ending balance | (80,486) | (80,486) | (53,832) |
| Retained earnings | |||
| Beginning balance | 61,152 | 37,103 | 22,834 |
| Net income | 21,504 | 24,049 | 14,269 |
| Ending balance | 82,656 | 61,152 | 37,103 |
| Total stockholders’ equity | $219,808 | $185,338 | $178,779 |
| Common stock issued (shares) | |||
| Beginning balance | 64,225,391 | 63,544,419 | 61,798,004 |
| Issuance of common stock, net | 804,068 | 680,972 | 1,746,415 |
| Ending balance | 65,029,459 | 64,225,391 | 63,544,419 |
| Treasury stock (shares) | |||
| Beginning balance | 8,148,512 | 6,721,153 | 5,455,935 |
| Common stock repurchased | — | 1,427,359 | 1,265,218 |
| Ending balance | 8,148,512 | 8,148,512 | 6,721,153 |
| Total common stock outstanding (shares) | 56,880,947 | 56,076,879 | 56,823,266 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.