10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001144204-14-029642 |
| Period End Date | 20140331 |
| Filing Date | 20140512 |
| Fiscal Year | 2014 |
| Fiscal Period | Q1 |
| XBRL Instance | cwco-20140331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
78 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Redeemable preferred stock, par value (in dollars per share) |
PreferredStockParOrStatedValuePerShare
|
$0.60 | USD | Point-in-time |
| Redeemable preferred stock, par value (in dollars per share) |
PreferredStockParOrStatedValuePerShare
|
$0.60 | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$33.63M | USD | Point-in-time |
| Redeemable preferred stock, authorized |
PreferredStockSharesAuthorized
|
200,000.00 | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$35.86M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$33.89M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$24.69M | USD | Point-in-time |
| Redeemable preferred stock, authorized |
PreferredStockSharesAuthorized
|
200,000.00 | shares | Point-in-time |
| Certificate of deposit |
DepositAssets
|
- | USD | Point-in-time |
| Redeemable preferred stock, issued |
PreferredStockSharesIssued
|
37,408.00 | shares | Point-in-time |
| Redeemable preferred stock, issued |
PreferredStockSharesIssued
|
37,408.00 | shares | Point-in-time |
| Certificate of deposit |
DepositAssets
|
$1.00M | USD | Point-in-time |
| Marketable securities |
MarketableSecuritiesCurrent
|
$8.59M | USD | Point-in-time |
| Redeemable preferred stock, outstanding |
PreferredStockSharesOutstanding
|
37,408.00 | shares | Point-in-time |
| Redeemable preferred stock, outstanding |
PreferredStockSharesOutstanding
|
37,408.00 | shares | Point-in-time |
| Marketable securities |
MarketableSecuritiesCurrent
|
$8.60M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$23.82M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$18.86M | USD | Point-in-time |
| Inventory |
InventoryNet
|
$1.37M | USD | Point-in-time |
| Inventory |
InventoryNet
|
$1.38M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$3.44M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$2.49M | USD | Point-in-time |
| Current portion of loans receivable |
NotesAndLoansReceivableNetCurrent
|
$1.69M | USD | Point-in-time |
| Current portion of loans receivable |
NotesAndLoansReceivableNetCurrent
|
$1.64M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$67.58M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$63.61M | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$58.60M | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$57.88M | USD | Point-in-time |
| Construction in progress |
ConstructionInProgressGross
|
$1.73M | USD | Point-in-time |
| Construction in progress |
ConstructionInProgressGross
|
$1.45M | USD | Point-in-time |
| Inventory, non-current |
InventoryNoncurrent
|
$4.24M | USD | Point-in-time |
| Inventory, non-current |
InventoryNoncurrent
|
$4.20M | USD | Point-in-time |
| Loans receivable |
NotesAndLoansReceivableNetNoncurrent
|
$6.92M | USD | Point-in-time |
| Loans receivable |
NotesAndLoansReceivableNetNoncurrent
|
$7.34M | USD | Point-in-time |
| Investment in OC-BVI |
EquityMethodInvestments
|
$6.62M | USD | Point-in-time |
| Investment in OC-BVI |
EquityMethodInvestments
|
$5.97M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$1.04M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$1.10M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$3.50M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$3.50M | USD | Point-in-time |
| Investment in land |
LongTermInvestments
|
$12.18M | USD | Point-in-time |
| Investment in land |
LongTermInvestments
|
$12.18M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$2.79M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$2.68M | USD | Point-in-time |
| Total assets |
Assets
|
$165.36M | USD | Point-in-time |
| Total assets |
Assets
|
$159.75M | USD | Point-in-time |
| Accounts payable and other current liabilities |
AccountsPayableOtherCurrent
|
$6.77M | USD | Point-in-time |
| Accounts payable and other current liabilities |
AccountsPayableOtherCurrent
|
$7.16M | USD | Point-in-time |
| Dividends payable |
DividendsPayableCurrent
|
$1.17M | USD | Point-in-time |
| Dividends payable |
DividendsPayableCurrent
|
$1.16M | USD | Point-in-time |
| Current portion of long term debt |
LongTermDebtCurrent
|
- | USD | Point-in-time |
| Current portion of long term debt |
LongTermDebtCurrent
|
$5.21M | USD | Point-in-time |
| Land purchase obligation |
PurchaseObligation
|
$10.05M | USD | Point-in-time |
| Land purchase obligation |
PurchaseObligation
|
$10.05M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$23.58M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$17.98M | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$289.39K | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$264.83K | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$18.25M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$23.87M | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Redeemable preferred stock, $0.60 par value. Authorized 200,000 shares; issued and outstanding 37,408 and 37,408 shares, respectively |
PreferredStockValue
|
$22.45K | USD | Point-in-time |
| Redeemable preferred stock, $0.60 par value. Authorized 200,000 shares; issued and outstanding 37,408 and 37,408 shares, respectively |
PreferredStockValue
|
$22.45K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$83.38M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$83.61M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$47.16M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$46.71M | USD | Point-in-time |
| Cumulative translation adjustment |
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
|
$-376.55K | USD | Point-in-time |
| Cumulative translation adjustment |
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
|
$-471.98K | USD | Point-in-time |
| Total Consolidated Water Co. Ltd. stockholders' equity |
StockholdersEquity
|
$138.78M | USD | Point-in-time |
| Total Consolidated Water Co. Ltd. stockholders' equity |
StockholdersEquity
|
$138.90M | USD | Point-in-time |
| Non-controlling interests |
MinorityInterest
|
$2.60M | USD | Point-in-time |
| Non-controlling interests |
MinorityInterest
|
$2.73M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$141.51M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$141.50M | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$165.36M | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$159.75M | USD | Point-in-time |
Income Statement
50 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Retail water revenues |
RetailWaterRevenue
|
$6.11M | USD | 1 Quarter |
| Retail water revenues |
RetailWaterRevenue
|
$6.40M | USD | 1 Quarter |
| Bulk water revenues |
BulkWaterRevenue
|
$9.96M | USD | 1 Quarter |
| Bulk water revenues |
BulkWaterRevenue
|
$9.86M | USD | 1 Quarter |
| Services revenues |
SalesRevenueServicesNet
|
$303.50K | USD | 1 Quarter |
| Services revenues |
SalesRevenueServicesNet
|
$275.91K | USD | 1 Quarter |
| Total revenues |
Revenues
|
$16.56M | USD | 1 Quarter |
| Total revenues |
Revenues
|
$16.35M | USD | 1 Quarter |
| Cost of retail revenues |
CostOfRetailWater
|
$2.83M | USD | 1 Quarter |
| Cost of retail revenues |
CostOfRetailWater
|
$2.93M | USD | 1 Quarter |
| Cost of bulk revenues |
CostOfBulkWater
|
$7.19M | USD | 1 Quarter |
| Cost of bulk revenues |
CostOfBulkWater
|
$7.11M | USD | 1 Quarter |
| Cost of services revenues |
CostOfServices
|
$312.52K | USD | 1 Quarter |
| Cost of services revenues |
CostOfServices
|
$335.26K | USD | 1 Quarter |
| Total cost of revenues |
CostOfRevenue
|
$10.33M | USD | 1 Quarter |
| Total cost of revenues |
CostOfRevenue
|
$10.38M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$5.97M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$6.22M | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$3.57M | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$5.34M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$627.79K | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$2.65M | USD | 1 Quarter |
| Interest income |
InterestIncomeOther
|
$180.09K | USD | 1 Quarter |
| Interest income |
InterestIncomeOther
|
$172.93K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$295.74K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$132.43K | USD | 1 Quarter |
| Profit sharing income from OC-BVI |
ProfitLossFromSubsidiaries
|
$287.46K | USD | 1 Quarter |
| Profit sharing income from OC-BVI |
ProfitLossFromSubsidiaries
|
$20.25K | USD | 1 Quarter |
| Equity in earnings of OC-BVI |
IncomeLossFromEquityMethodInvestments
|
$787.86K | USD | 1 Quarter |
| Equity in earnings of OC-BVI |
IncomeLossFromEquityMethodInvestments
|
$54.49K | USD | 1 Quarter |
| Other |
OtherNonoperatingIncome
|
$89.13K | USD | 1 Quarter |
| Other |
OtherNonoperatingIncome
|
$198.30K | USD | 1 Quarter |
| Other income (expense), net |
NonoperatingIncomeExpense
|
$150.23K | USD | 1 Quarter |
| Other income (expense), net |
NonoperatingIncomeExpense
|
$1.21M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$778.02K | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$3.86M | USD | 1 Quarter |
| Income attributable to non-controlling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$123.11K | USD | 1 Quarter |
| Income attributable to non-controlling interests |
NetIncomeLossAttributableToNoncontrollingInterest
|
$121.68K | USD | 1 Quarter |
| Net income attributable to Consolidated Water Co. Ltd. stockholders |
NetIncomeLoss
|
$654.91K | USD | 1 Quarter |
| Net income attributable to Consolidated Water Co. Ltd. stockholders |
NetIncomeLoss
|
$3.74M | USD | 1 Quarter |
| Basic earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders (in dollars per share) |
EarningsPerShareBasic
|
$0.26 | USD | 1 Quarter |
| Basic earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders (in dollars per share) |
EarningsPerShareBasic
|
$0.04 | USD | 1 Quarter |
| Diluted earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders (in dollars per share) |
EarningsPerShareDiluted
|
$0.26 | USD | 1 Quarter |
| Diluted earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders (in dollars per share) |
EarningsPerShareDiluted
|
$0.04 | USD | 1 Quarter |
| Dividends declared per common share (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.07 | USD | 1 Quarter |
| Dividends declared per common share (in dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.07 | USD | 1 Quarter |
| Basic earnings per share (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
14.69M | shares | 1 Quarter |
| Basic earnings per share (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
14.60M | shares | 1 Quarter |
| Diluted earnings per share (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
14.77M | shares | 1 Quarter |
| Diluted earnings per share (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
14.64M | shares | 1 Quarter |
Cash Flow Statement
42 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$3.18M | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-2.13M | USD | 1 Quarter |
| Purchase of certificate of deposit |
PaymentsToAcquireRestrictedCertificatesOfDeposit
|
$1.00M | USD | 1 Quarter |
| Purchase of certificate of deposit |
PaymentsToAcquireRestrictedCertificatesOfDeposit
|
- | USD | 1 Quarter |
| Additions to property, plant and equipment and construction in progress |
PaymentsToAcquirePropertyPlantAndEquipment
|
$661.66K | USD | 1 Quarter |
| Additions to property, plant and equipment and construction in progress |
PaymentsToAcquirePropertyPlantAndEquipment
|
$1.13M | USD | 1 Quarter |
| Distribution of earnings from OC-BVI |
EquityMethodInvestmentDividendsOrDistributions
|
$727.20K | USD | 1 Quarter |
| Distribution of earnings from OC-BVI |
EquityMethodInvestmentDividendsOrDistributions
|
$757.50K | USD | 1 Quarter |
| Collections on loans receivable |
ProceedsFromCollectionOfLoansReceivable
|
$467.82K | USD | 1 Quarter |
| Collections on loans receivable |
ProceedsFromCollectionOfLoansReceivable
|
$452.12K | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-466.65K | USD | 1 Quarter |
| Net cash provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$80.43K | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividends
|
$1.10M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividends
|
$1.10M | USD | 1 Quarter |
| Issuance (repurchase) of redeemable preferred stock, net |
ProceedsFromRepurchaseOfRedeemablePreferredStock
|
$-4.16K | USD | 1 Quarter |
| Issuance (repurchase) of redeemable preferred stock, net |
ProceedsFromRepurchaseOfRedeemablePreferredStock
|
- | USD | 1 Quarter |
| Proceeds received from exercise of stock options |
ProceedsFromStockOptionsExercised
|
$232.73K | USD | 1 Quarter |
| Proceeds received from exercise of stock options |
ProceedsFromStockOptionsExercised
|
- | USD | 1 Quarter |
| Principal repayments of long term debt |
RepaymentsOfLongTermDebt
|
$5.30M | USD | 1 Quarter |
| Principal repayments of long term debt |
RepaymentsOfLongTermDebt
|
$421.51K | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-6.40M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-1.29M | USD | 1 Quarter |
| Effect of exchange rate changes on cash |
EffectOfExchangeRateOnCash
|
$-5.17K | USD | 1 Quarter |
| Effect of exchange rate changes on cash |
EffectOfExchangeRateOnCash
|
$64.10K | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-8.93M | USD | 1 Quarter |
| Net increase (decrease) in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$1.97M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$33.63M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$35.86M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$33.89M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$24.69M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$33.63M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$35.86M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$33.89M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$24.69M | USD | Point-in-time |
| Interest paid in cash |
InterestPaid
|
$110.33K | USD | 1 Quarter |
| Interest paid in cash |
InterestPaid
|
$104.50K | USD | 1 Quarter |
| Issuance of 12,302 and 11,131, respectively, shares of common stock for services rendered |
StockIssued1
|
$173.46K | USD | 1 Quarter |
| Issuance of 12,302 and 11,131, respectively, shares of common stock for services rendered |
StockIssued1
|
$82.37K | USD | 1 Quarter |
| Dividends declared but not paid |
DividendsDeclaredButNotYetPaid
|
$1.10M | USD | 1 Quarter |
| Dividends declared but not paid |
DividendsDeclaredButNotYetPaid
|
$1.11M | USD | 1 Quarter |
| Transfers from inventory to property, plant and equipment and construction in progress |
TransfersFromInventoryToPropertyPlantAndEquipmentAndConstructionInProgress
|
$181.88K | USD | 1 Quarter |
| Transfers from inventory to property, plant and equipment and construction in progress |
TransfersFromInventoryToPropertyPlantAndEquipmentAndConstructionInProgress
|
$57.54K | USD | 1 Quarter |
Comprehensive Income
12 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net Income |
ProfitLoss
|
$778.02K | USD | 1 Quarter |
| Net Income |
ProfitLoss
|
$3.86M | USD | 1 Quarter |
| Foreign currency translation adjustment |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$100.46K | USD | 1 Quarter |
| Foreign currency translation adjustment |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$-22.70K | USD | 1 Quarter |
| Total other comprehensive income (loss) |
OtherComprehensiveIncomeLossNetOfTax
|
$100.46K | USD | 1 Quarter |
| Total other comprehensive income (loss) |
OtherComprehensiveIncomeLossNetOfTax
|
$-22.70K | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$878.48K | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$3.84M | USD | 1 Quarter |
| Comprehensive income attributable to the non-controlling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$120.55K | USD | 1 Quarter |
| Comprehensive income attributable to the non-controlling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$128.14K | USD | 1 Quarter |
| Comprehensive income attributable to Consolidated Water Co. Ltd. stockholders |
ComprehensiveIncomeNetOfTax
|
$3.72M | USD | 1 Quarter |
| Comprehensive income attributable to Consolidated Water Co. Ltd. stockholders |
ComprehensiveIncomeNetOfTax
|
$750.34K | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.