10-Q Filing

CONSOLIDATED WATER CO. LTD. CIK: 928340 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0001144204-11-062528`
Period End Date	20110930
Filing Date	20111109
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	cwco-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 96 Cash Flow Statement 41

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Redeemable preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.60	USD	Point-in-time
Redeemable preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.60	USD	Point-in-time
Redeemable preferred stock, Authorized	`PreferredStockSharesAuthorized`	200,000.00	shares	Point-in-time
Redeemable preferred stock, Authorized	`PreferredStockSharesAuthorized`	200,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$45.47M	USD	Point-in-time
Redeemable preferred stock, issued	`PreferredStockSharesIssued`	16,784.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.13M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$49.05M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$44.43M	USD	Point-in-time
Redeemable preferred stock, issued	`PreferredStockSharesIssued`	22,427.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$12.13M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$8.18M	USD	Point-in-time
Redeemable preferred stock, outstanding	`PreferredStockSharesOutstanding`	16,784.00	shares	Point-in-time
Redeemable preferred stock, outstanding	`PreferredStockSharesOutstanding`	22,427.00	shares	Point-in-time
Inventory	`InventoryNet`	$1.43M	USD	Point-in-time
Inventory	`InventoryNet`	$1.50M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.27M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.29M	USD	Point-in-time
Current portion of loans receivable	`NotesAndLoansReceivableNetCurrent`	$1.82M	USD	Point-in-time
Current portion of loans receivable	`NotesAndLoansReceivableNetCurrent`	$1.73M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$63.73M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$63.81M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$55.92M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$52.38M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$249.30K	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$9.74M	USD	Point-in-time
Inventory non-current	`InventoryNoncurrent`	$3.54M	USD	Point-in-time
Inventory non-current	`InventoryNoncurrent`	$3.65M	USD	Point-in-time
Loans receivable	`NotesAndLoansReceivableNetNoncurrent`	$11.23M	USD	Point-in-time
Loans receivable	`NotesAndLoansReceivableNetNoncurrent`	$12.60M	USD	Point-in-time
Investment in OC-BVI	`EquityMethodInvestments`	$7.81M	USD	Point-in-time
Investment in OC-BVI	`EquityMethodInvestments`	$6.70M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.55M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.71M	USD	Point-in-time
Goodwill	`Goodwill`	$3.59M	USD	Point-in-time
Goodwill	`Goodwill`	$3.59M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.93M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.05M	USD	Point-in-time
Total assets	`Assets`	$152.20M	USD	Point-in-time
Total assets	`Assets`	$155.59M	USD	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndOtherCurrent`	$6.05M	USD	Point-in-time
Accounts payable and other current liabilities	`AccountsPayableAndOtherCurrent`	$4.32M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$1.15M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$1.16M	USD	Point-in-time
Current portion of long term debt	`LongTermDebtCurrent`	$1.50M	USD	Point-in-time
Current portion of long term debt	`LongTermDebtCurrent`	$1.42M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.89M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.71M	USD	Point-in-time
Long term debt	`LongTermDebtNoncurrent`	$15.75M	USD	Point-in-time
Long term debt	`LongTermDebtNoncurrent`	$16.88M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$426.05K	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$442.92K	USD	Point-in-time
Total liabilities	`Liabilities`	$24.88M	USD	Point-in-time
Total liabilities	`Liabilities`	$24.22M	USD	Point-in-time
Redeemable preferred stock, $0.60 par value. Authorized 200,000 shares; issued and outstanding 22,427 and 16,784 shares, respectively	`PreferredStockValue`	$13.46K	USD	Point-in-time
Redeemable preferred stock, $0.60 par value. Authorized 200,000 shares; issued and outstanding 22,427 and 16,784 shares, respectively	`PreferredStockValue`	$10.07K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$81.35M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$81.77M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$36.29M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$38.22M	USD	Point-in-time
Total Consolidated Water Co. Ltd. stockholders' equity	`StockholdersEquity`	$128.74M	USD	Point-in-time
Total Consolidated Water Co. Ltd. stockholders' equity	`StockholdersEquity`	$126.38M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$1.60M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$1.96M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$130.71M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$127.98M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$152.20M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$155.59M	USD	Point-in-time

Income Statement 96 line items

Line Item	Tag	Value	Unit	Period
Retail water revenues	`RetailWaterRevenue`	$5.28M	USD	1 Quarter
Retail water revenues	`RetailWaterRevenue`	$18.21M	USD	3 Qtrs
Retail water revenues	`RetailWaterRevenue`	$17.06M	USD	3 Qtrs
Retail water revenues	`RetailWaterRevenue`	$4.63M	USD	1 Quarter
Bulk water revenues	`BulkWaterRevenue`	$22.39M	USD	3 Qtrs
Bulk water revenues	`BulkWaterRevenue`	$6.31M	USD	1 Quarter
Bulk water revenues	`BulkWaterRevenue`	$18.77M	USD	3 Qtrs
Bulk water revenues	`BulkWaterRevenue`	$7.45M	USD	1 Quarter
Services revenues	`SalesRevenueServicesNet`	$756.11K	USD	1 Quarter
Services revenues	`SalesRevenueServicesNet`	$3.25M	USD	3 Qtrs
Services revenues	`SalesRevenueServicesNet`	$942.84K	USD	3 Qtrs
Services revenues	`SalesRevenueServicesNet`	$70.22K	USD	1 Quarter
Total revenues	`Revenues`	$39.08M	USD	3 Qtrs
Total revenues	`Revenues`	$12.81M	USD	1 Quarter
Total revenues	`Revenues`	$11.70M	USD	1 Quarter
Total revenues	`Revenues`	$41.55M	USD	3 Qtrs
Cost of retail revenues	`CostOfRetailWater`	$2.31M	USD	1 Quarter
Cost of retail revenues	`CostOfRetailWater`	$7.82M	USD	3 Qtrs
Cost of retail revenues	`CostOfRetailWater`	$2.87M	USD	1 Quarter
Cost of retail revenues	`CostOfRetailWater`	$8.82M	USD	3 Qtrs
Cost of bulk revenues	`CostOfBulkWater`	$17.74M	USD	3 Qtrs
Cost of bulk revenues	`CostOfBulkWater`	$5.81M	USD	1 Quarter
Cost of bulk revenues	`CostOfBulkWater`	$15.18M	USD	3 Qtrs
Cost of bulk revenues	`CostOfBulkWater`	$5.25M	USD	1 Quarter
Cost of services revenues	`CostOfServices`	$2.59M	USD	3 Qtrs
Cost of services revenues	`CostOfServices`	$125.19K	USD	1 Quarter
Cost of services revenues	`CostOfServices`	$366.49K	USD	1 Quarter
Cost of services revenues	`CostOfServices`	$479.38K	USD	3 Qtrs
Total cost of revenues	`CostOfRevenue`	$25.59M	USD	3 Qtrs
Total cost of revenues	`CostOfRevenue`	$27.04M	USD	3 Qtrs
Total cost of revenues	`CostOfRevenue`	$8.80M	USD	1 Quarter
Total cost of revenues	`CostOfRevenue`	$7.93M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.01M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.77M	USD	1 Quarter
Gross profit	`GrossProfit`	$13.49M	USD	3 Qtrs
Gross profit	`GrossProfit`	$14.51M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$3.33M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$10.01M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$9.02M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$3.03M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$976.90K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$4.51M	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$440.24K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$4.47M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$265.93K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$386.56K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$990.78K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$927.88K	USD	3 Qtrs
Interest expense	`InterestExpense`	$392.71K	USD	1 Quarter
Interest expense	`InterestExpense`	$864.94K	USD	3 Qtrs
Interest expense	`InterestExpense`	$170.66K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.20M	USD	3 Qtrs
Other income	`OtherNonoperatingIncome`	$70.22K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$211.77K	USD	3 Qtrs
Other income	`OtherNonoperatingIncome`	$35.92K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$113.88K	USD	3 Qtrs
Equity in earnings of OC-BVI	`IncomeLossFromEquityMethodInvestments`	$813.09K	USD	1 Quarter
Equity in earnings of OC-BVI	`IncomeLossFromEquityMethodInvestments`	$159.25K	USD	1 Quarter
Equity in earnings of OC-BVI	`IncomeLossFromEquityMethodInvestments`	$791.72K	USD	3 Qtrs
Equity in earnings of OC-BVI	`IncomeLossFromEquityMethodInvestments`	$1.18M	USD	3 Qtrs
Other income, net	`NonoperatingIncomeExpense`	$324.75K	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$1.07M	USD	3 Qtrs
Other income, net	`NonoperatingIncomeExpense`	$1.09M	USD	3 Qtrs
Other income, net	`NonoperatingIncomeExpense`	$842.86K	USD	1 Quarter
Net income	`ProfitLoss`	$1.28M	USD	1 Quarter
Net income	`ProfitLoss`	$5.56M	USD	3 Qtrs
Net income	`ProfitLoss`	$5.57M	USD	3 Qtrs
Net income	`ProfitLoss`	$1.30M	USD	1 Quarter
Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$17.50K	USD	1 Quarter
Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$183.00K	USD	3 Qtrs
Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$15.58K	USD	1 Quarter
Income attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$363.06K	USD	3 Qtrs
Net income attributable to Consolidated Water Co. Ltd. stockholders	`NetIncomeLoss`	$5.21M	USD	3 Qtrs
Net income attributable to Consolidated Water Co. Ltd. stockholders	`NetIncomeLoss`	$1.29M	USD	1 Quarter
Net income attributable to Consolidated Water Co. Ltd. stockholders	`NetIncomeLoss`	$1.27M	USD	1 Quarter
Net income attributable to Consolidated Water Co. Ltd. stockholders	`NetIncomeLoss`	$5.38M	USD	3 Qtrs
Basic earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders	`EarningsPerShareBasic`	$0.36	USD	3 Qtrs
Basic earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders	`EarningsPerShareBasic`	$0.37	USD	3 Qtrs
Basic earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders	`EarningsPerShareBasic`	$0.09	USD	1 Quarter
Basic earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders	`EarningsPerShareBasic`	$0.09	USD	1 Quarter
Diluted earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders	`EarningsPerShareDiluted`	$0.37	USD	3 Qtrs
Diluted earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders	`EarningsPerShareDiluted`	$0.09	USD	1 Quarter
Diluted earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders	`EarningsPerShareDiluted`	$0.36	USD	3 Qtrs
Diluted earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders	`EarningsPerShareDiluted`	$0.09	USD	1 Quarter
Dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.07	USD	1 Quarter
Dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.23	USD	3 Qtrs
Dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.07	USD	1 Quarter
Dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.23	USD	3 Qtrs
Basic earnings per share	`WeightedAverageNumberOfSharesOutstandingBasic`	14.55M	shares	3 Qtrs
Basic earnings per share	`WeightedAverageNumberOfSharesOutstandingBasic`	14.56M	shares	1 Quarter
Basic earnings per share	`WeightedAverageNumberOfSharesOutstandingBasic`	14.56M	shares	3 Qtrs
Basic earnings per share	`WeightedAverageNumberOfSharesOutstandingBasic`	14.55M	shares	1 Quarter
Diluted earnings per share	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.60M	shares	3 Qtrs
Diluted earnings per share	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.59M	shares	1 Quarter
Diluted earnings per share	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.59M	shares	1 Quarter
Diluted earnings per share	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.60M	shares	3 Qtrs

Cash Flow Statement 41 line items

Line Item	Tag	Value	Unit	Period
Interest paid in cash, capitalized interest	`InterestPaidCapitalized`	$176.78K	USD	3 Qtrs
Conversion of redeemable preferred stock to common stock, shares	`ConversionOfStockSharesConverted1`	2,921.00	shares	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$14.63M	USD	3 Qtrs
Conversion of redeemable preferred stock to common stock, shares	`ConversionOfStockSharesConverted1`	2,145.00	shares	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.37M	USD	3 Qtrs
Additions to property, plant and equipment and construction in progress	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.25M	USD	3 Qtrs
Additions to property, plant and equipment and construction in progress	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.10M	USD	3 Qtrs
Distribution of earnings from OC-BVI	`PaymentsForProceedsFromEquityAffiliates`	$202.63K	USD	3 Qtrs
Distribution of earnings from OC-BVI	`PaymentsForProceedsFromEquityAffiliates`	$1.23M	USD	3 Qtrs
Collections of loans receivable	`ProceedsFromCollectionOfLoansReceivable`	$1.29M	USD	3 Qtrs
Collections of loans receivable	`ProceedsFromCollectionOfLoansReceivable`	$1.01M	USD	3 Qtrs
Collections of loans receivable from OC-BVI	`ProceedsFromCollectionOfAdvanceToAffiliate`	$375.00K	USD	3 Qtrs
Collections of loans receivable from OC-BVI	`ProceedsFromCollectionOfAdvanceToAffiliate`	$1.45M	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.52M	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.30M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividends`	$3.28M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividends`	$3.28M	USD	3 Qtrs
Proceeds from issuance of redeemable preferred stock	`ProceedsFromIssuanceOfRedeemablePreferredStock`	$6.12K	USD	3 Qtrs
Proceeds from issuance of redeemable preferred stock	`ProceedsFromIssuanceOfRedeemablePreferredStock`	$1.54K	USD	3 Qtrs
Principal repayments of long term debt	`RepaymentsOfLongTermDebt`	$1.14M	USD	3 Qtrs
Principal repayments of long term debt	`RepaymentsOfLongTermDebt`	$2.58M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.84M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.41M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.04M	USD	3 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.92M	USD	3 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$45.47M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$46.13M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$49.05M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$44.43M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$45.47M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$46.13M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$49.05M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$44.43M	USD	Point-in-time
Interest paid in cash, net of capitalized interest of $176,785 in 2011	`InterestPaid`	$738.93K	USD	3 Qtrs
Interest paid in cash, net of capitalized interest of $176,785 in 2011	`InterestPaid`	$1.07M	USD	3 Qtrs
Conversion of 2,145 (2010: 2,921) of redeemable preferred stock to common stock	`ConversionOfStockAmountConverted1`	$1.75K	USD	3 Qtrs
Conversion of 2,145 (2010: 2,921) of redeemable preferred stock to common stock	`ConversionOfStockAmountConverted1`	$1.29K	USD	3 Qtrs
Dividends declared but not paid	`DividendsDeclaredAndNotPaid`	$1.09M	USD	3 Qtrs
Dividends declared but not paid	`DividendsDeclaredAndNotPaid`	$1.09M	USD	3 Qtrs
Loan receivable issued for plant facility sold	`SupplementalDisposalOfAssets`	$3.67M	USD	3 Qtrs
Loan receivable issued for plant facility sold	`SupplementalDisposalOfAssets`	-	USD	3 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.