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      • About the Company
      • Our History
      • Jobs / Careers
      • Contact Information
      • Memberships
      • Frequently Asked Questions
    • Our Team
      • Board of Directors
      • Executive Management Team
      • Our People
    • Locations
      • Cayman Islands
      • Bahamas
      • British Virgin Islands
  • Solutions
    • Services
      • Retail
      • Bulk
      • Engineering and Management
    • Our Approach
      • Strategy
      • Technology
      • Sustainability
    • Case Studies
      • Retail Customer
      • Bulk Water Customer
      • Private Customer
  • Investors
  • Divisions
    • Subsidiaries and Affiliates
    • Aerex Industries Inc.
    • Cayman Water
    • PERC Water

    Financial Statements


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    As Reported Financials

    • Balance Sheet
    • Income Statement
    • Balance Sheet
    • Income Statement
    As Of Date Document Name (10k) 2019 Y 10-K 12/31/2019 2018 Y 10-K 12/31/2018 2017 Y 10-K 12/31/2017 2016 Y 10-K 12/31/2016
    As Of Date Document Name 10k 2019 Y 10-K 12/31/2019 2018 Y 10-K 12/31/2019 2017 Y 10-K 12/31/2018 2016 Y 10-K 12/31/2017

    ASSETS

    Current assets

    Cash and cash equivalents
    42,902,669
    31,337,477
    45,482,966
    39,254,116
    Accounts receivable, net
    23,229,689
    22,462,217
    14,687,078
    16,500,798
    Inventory
    3,287,555
    2,232,721
    1,583,553
    2,305,879
    Prepaid expenses and other current assets
    2,346,918
    2,801,674
    1,069,743
    1,096,200
    Current portion of loans receivable
    0
    734,980
    1,400,448
    1,633,588
    Costs and estimated earnings in excess of billings
    1,675,781
    835,669
    238,435
    85,211
    Current assets of discontinued operations
    0
    1,959,494
    2,229,174
    NA
    Total current assets
    73,442,612
    62,364,232
    66,691,397
    60,875,792
    Property, plant and equipment, net
    61,248,979
    58,880,818
    49,683,771
    53,084,105
    Construction in progress
    1,335,597
    6,015,043
    1,823,284
    885,494
    Inventory, non-current
    4,404,378
    4,545,198
    4,462,961
    4,606,088
    Loans receivable NA NA
    734,980
    2,135,428
    Investment in OC-BVI
    1,903,602
    2,584,987
    2,783,882
    4,086,630
    Goodwill
    13,325,013
    8,004,597
    8,003,568
    9,784,248
    Land held for development NA NA NA
    20,558,424
    Land and rights of way held for development
    24,162,523
    24,161,024
    21,505,675
    NA
    Intangible assets, net
    5,040,000
    1,891,667
    3,231,667
    5,195,476
    Operating lease right-of-use assets
    4,439,212
    0
    NA NA
    Other assets
    2,990,228
    2,123,999
    4,492,835
    2,392,843
    Long-term assets of discontinued operations
    0
    1,944,033
    2,066,875
    NA
    Total assets
    192,292,144
    172,515,598
    165,480,895
    163,604,528

    LIABILITIES AND EQUITY

    Current liabilities

    Accounts payable, accrued expenses and other current liabilities
    3,672,142
    4,570,641
    3,548,965
    4,898,908
    Accrued compensation
    1,821,395
    1,286,468
    1,015,662
    NA
    Dividends payable
    1,292,187
    1,286,493
    1,281,612
    1,187,214
    Note payable to related party NA NA
    686,000
    490,000
    Current maturities of operating leases
    755,751
    0
    NA NA
    Current portion of long-term debt
    17,753
    0
    NA NA
    Billings in excess of costs and estimated earnings
    614,386
    109,940
    1,258
    102,966
    Current liabilities of discontinued operations
    0
    646,452
    1,097,821
    NA
    Total current liabilities
    8,173,614
    7,899,994
    7,631,318
    6,679,088
    Long term debt
    61,146
    0
    NA NA
    Deferred tax liabilities
    1,529,035
    659,874
    1,024,893
    1,915,241
    Noncurrent operating leases
    3,836,475
    0
    NA NA
    Net liability arising from put/call options
    664,000
    0
    NA NA
    Other liabilities
    75,000
    199,827
    803,307
    904,827
    Total liabilities
    14,339,270
    8,759,695
    9,459,518
    9,499,156

    Equity

    Consolidated Water Co. Ltd. stockholders' equity
    Redeemable preferred stock
    20,251
    20,878
    20,093
    21,135
    Class A common stock
    9,029,765
    8,989,744
    8,951,321
    8,922,998
    Class B common stock
    0
    0
    0
    0
    Additional paid-in capital
    88,356,509
    87,211,953
    86,405,387
    85,621,033
    Retained earnings
    66,352,733
    59,298,161
    53,105,196
    51,589,337
    Cumulative translation adjustment
    0
    (549,555)
    (549,555)
    (549,555)
    Total Consolidated Water Co. Ltd. stockholders' equity
    163,759,258
    154,971,181
    147,932,442
    145,604,948
    Non-controlling interests
    14,193,616
    8,784,722
    8,088,935
    8,500,424
    Total equity
    177,952,874
    163,755,903
    156,021,377
    154,105,372
    Total liabilities and equity
    192,292,144
    172,515,598
    165,480,895
    163,604,528
    As Of Date Document Name (10k) 2019 Y 10-K 12/31/2019 2018 Y 10-K 12/31/2018 2017 Y 10-K 12/31/2017 2016 Y 10-K 12/31/2016
    As Of Date Document Name 10k 2019 Y 10-K 12/31/2019 2018 Y 10-K 12/31/2019 2017 Y 10-K 12/31/2018 2016 Y 10-K 12/31/2017
    Retail revenues NA NA
    23,225,066
    23,505,619
    Bulk revenues NA NA
    28,682,113
    29,647,034
    Services revenues NA NA
    469,347
    835,770
    Manufacturing revenues NA NA
    6,990,496
    3,887,284
    Total revenue
    68,793,651
    65,719,857
    59,367,022
    57,875,707
    Cost of retail revenues NA NA
    10,372,199
    10,294,298
    Cost of bulk revenues NA NA
    19,562,503
    19,488,550
    Cost of services revenues NA NA
    469,797
    751,139
    Cost of manufacturing revenues NA NA
    4,963,962
    3,090,834
    Total cost of revenue
    40,519,303
    38,977,570
    35,368,461
    33,624,821
    Gross profit
    28,274,348
    26,742,287
    23,998,561
    24,250,886
    General and administrative expenses
    19,348,958
    18,709,419
    18,682,399
    18,677,584
    Long-lived asset impairment and disposition losses, net NA NA NA
    3,435,619
    Gain (loss) on asset dispositions and impairments, net
    445,041
    (56,774)
    3,040,158
    NA
    Income from operations
    9,370,431
    7,976,094
    2,276,004
    2,137,683

    Other income (expense)

    Interest income
    588,509
    663,197
    380,563
    609,750
    Interest expense
    (2,814)
    (8,427)
    (5,722)
    (104,048)
    Profit-sharing income from OC-BVI
    16,200
    654,075
    46,575
    125,550
    Equity in the earnings of OC-BVI
    44,765
    1,798,280
    127,802
    337,809
    Impairment loss on investment in OC-BVI NA NA NA
    (925,000)
    Net unrealized gain (loss) on put/call options
    56,000
    (256,000)
    960,000
    (297,000)
    Other
    98,431
    (111,061)
    17,140
    356,512
    Other income, net
    801,091
    2,740,064
    1,526,358
    103,573
    Income before income taxes
    10,171,522
    10,716,158
    3,802,362
    2,241,256
    Provision for (benefit from) income taxes
    66,621
    (157,291)
    (888,977)
    (536,057)
    Net income NA NA NA
    2,777,313
    Income (loss) attributable to non-controlling interests NA NA NA
    (1,183,188)
    Net income from continuing operations
    10,104,901
    10,873,449
    4,691,339
    NA
    Income from continuing operations attributable to non-controlling interests
    1,549,978
    695,787
    (411,489)
    NA
    Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders
    8,554,923
    10,177,662
    5,102,828
    NA
    Gain on sale of discontinued operations
    3,621,170
    0
    NA NA
    Net income from discontinued operations
    0
    1,115,825
    1,041,234
    NA
    Total income from discontinued operations
    3,621,170
    1,115,825
    NA NA
    Net income attributable to Consolidated Water Co. Ltd. stockholders
    12,176,093
    11,293,487
    6,144,062
    3,960,501

    Basic earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders

    Continuing operations
    0.57
    0.68
    0.34
    0.27
    Discontinued operations
    0.24
    0.07
    0.07
    NA
    Basic earnings per share
    0.81
    0.75
    0.41
    NA

    Diluted earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders

    Continuing operations
    0.56
    0.68
    0.34
    0.27
    Discontinued operations
    0.24
    0.07
    0.07
    NA
    Diluted earnings per share
    0.80
    0.75
    0.41
    NA
    Dividends declared per common and redeemable preferred shares
    0.34
    0.34
    0.31
    0.30

    Weighted average number of common shares used in the determination of

    Basic earnings per share
    15,025,639
    14,962,760
    14,896,944
    14,809,909
    Diluted earnings per share
    15,137,076
    15,074,147
    15,006,681
    14,944,028

    CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

    Net income NA NA NA
    2,777,313

    Other comprehensive income (loss)

    Foreign currency translation adjustment NA NA NA
    (17,042)
    Comprehensive income NA NA NA
    2,760,271
    Income (loss) attributable to non-controlling interests NA NA NA
    (1,184,040)
    Comprehensive income attributable to Consolidated Water Co. Ltd. stockholders NA NA NA
    3,944,311
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