As Reported Financials

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

Financial Statements

As Reported Financials

ASSETS

Current assets

LIABILITIES AND EQUITY

Current liabilities

Equity

Other income (expense)

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

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

Weighted average number of common shares used in the determination of

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Other comprehensive income (loss)

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Financial Statements

As Reported Financials

Balance Sheet

ASSETS

Current assets

LIABILITIES AND EQUITY

Current liabilities

Equity

Other income (expense)

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

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

Weighted average number of common shares used in the determination of

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Other comprehensive income (loss)