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10-Q Filing

CONSOLIDATED WATER CO. LTD. CIK: 928340 Q1 2017
Filing Information
Form Type 10-Q
Accession Number 0001144204-17-026118
Period End Date 20170331
Filing Date 20170510
Fiscal Year 2017
Fiscal Period Q1
XBRL Instance cwco-20170331.xml
Filing Contents
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
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 $35.55M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $44.79M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $36.53M USD Point-in-time
Redeemable preferred stock, issued PreferredStockSharesIssued 35,225.00 shares Point-in-time
Redeemable preferred stock, issued PreferredStockSharesIssued 35,225.00 shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $39.25M USD Point-in-time
Redeemable preferred stock, outstanding PreferredStockSharesOutstanding 35,225.00 shares Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $16.50M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $22.61M USD Point-in-time
Redeemable preferred stock, outstanding PreferredStockSharesOutstanding 35,225.00 shares Point-in-time
Inventory InventoryNet $2.31M USD Point-in-time
Inventory InventoryNet $3.45M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $1.10M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $1.35M USD Point-in-time
Current portion of loans receivable NotesAndLoansReceivableNetCurrent $1.50M USD Point-in-time
Current portion of loans receivable NotesAndLoansReceivableNetCurrent $1.63M USD Point-in-time
Costs and estimated earnings in excess of billings CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear $85.21K USD Point-in-time
Costs and estimated earnings in excess of billings CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear $340.89K USD Point-in-time
Total current assets AssetsCurrent $60.88M USD Point-in-time
Total current assets AssetsCurrent $65.79M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $52.08M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $53.08M USD Point-in-time
Construction in progress ConstructionInProgressGross $2.38M USD Point-in-time
Construction in progress ConstructionInProgressGross $885.49K USD Point-in-time
Inventory, non-current InventoryNoncurrent $4.65M USD Point-in-time
Inventory, non-current InventoryNoncurrent $4.61M USD Point-in-time
Loans receivable NotesAndLoansReceivableNetNoncurrent $2.14M USD Point-in-time
Loans receivable NotesAndLoansReceivableNetNoncurrent $1.79M USD Point-in-time
Investment in OC-BVI EquityMethodInvestments $2.99M USD Point-in-time
Investment in OC-BVI EquityMethodInvestments $4.09M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $4.82M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $5.20M USD Point-in-time
Goodwill Goodwill $9.78M USD Point-in-time
Goodwill Goodwill $9.78M USD Point-in-time
Land held for development LandAvailableForDevelopment $20.56M USD Point-in-time
Land held for development LandAvailableForDevelopment $20.56M USD Point-in-time
Other assets OtherAssetsNoncurrent $2.39M USD Point-in-time
Other assets OtherAssetsNoncurrent $2.34M USD Point-in-time
Total assets Assets $163.60M USD Point-in-time
Total assets Assets $167.18M USD Point-in-time
Accounts payable and other current liabilities AccountsPayableOtherCurrent $4.90M USD Point-in-time
Accounts payable and other current liabilities AccountsPayableOtherCurrent $5.41M USD Point-in-time
Dividends payable DividendsPayableCurrent $1.19M USD Point-in-time
Dividends payable DividendsPayableCurrent $1.19M USD Point-in-time
Notes payable to related party NotesPayableRelatedPartiesClassifiedCurrent $882.00K USD Point-in-time
Notes payable to related party NotesPayableRelatedPartiesClassifiedCurrent $490.00K USD Point-in-time
Billings in excess of costs and estimated earnings BillingsInExcessOfCostCurrent $1.47M USD Point-in-time
Billings in excess of costs and estimated earnings BillingsInExcessOfCostCurrent $102.97K USD Point-in-time
Total current liabilities LiabilitiesCurrent $8.96M USD Point-in-time
Total current liabilities LiabilitiesCurrent $6.68M USD Point-in-time
Deferred tax liability DeferredTaxLiabilitiesGrossNoncurrent $1.78M USD Point-in-time
Deferred tax liability DeferredTaxLiabilitiesGrossNoncurrent $1.92M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $739.83K USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $904.83K USD Point-in-time
Total liabilities Liabilities $11.47M USD Point-in-time
Total liabilities Liabilities $9.50M 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 35,225 and 35,225 shares, respectively PreferredStockValue $21.14K USD Point-in-time
Redeemable preferred stock, $0.60 par value. Authorized 200,000 shares; issued and outstanding 35,225 and 35,225 shares, respectively PreferredStockValue $21.14K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $85.76M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $85.62M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $53.10M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $51.59M USD Point-in-time
Cumulative translation adjustment AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax $-549.55K USD Point-in-time
Cumulative translation adjustment AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax $-549.55K USD Point-in-time
Total Consolidated Water Co. Ltd. stockholders' equity StockholdersEquity $147.26M USD Point-in-time
Total Consolidated Water Co. Ltd. stockholders' equity StockholdersEquity $145.60M USD Point-in-time
Non-controlling interests MinorityInterest $8.50M USD Point-in-time
Non-controlling interests MinorityInterest $8.45M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $154.11M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $155.71M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $167.18M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $163.60M USD Point-in-time
Income Statement 63 line items
Line Item Tag Value Unit Period
Retail revenues RetailRevenues $6.48M USD 1 Quarter
Retail revenues RetailRevenues $5.97M USD 1 Quarter
Bulk revenues BulkRevenue $7.69M USD 1 Quarter
Bulk revenues BulkRevenue $7.27M USD 1 Quarter
Services revenues SalesRevenueServicesNet $180.71K USD 1 Quarter
Services revenues SalesRevenueServicesNet $130.25K USD 1 Quarter
Manufacturing revenues RevenueOtherManufacturedProducts $618.53K USD 1 Quarter
Manufacturing revenues RevenueOtherManufacturedProducts $1.38M USD 1 Quarter
Total revenues Revenues $15.68M USD 1 Quarter
Total revenues Revenues $14.03M USD 1 Quarter
Cost of retail revenues CostOfRetailRevenues $2.63M USD 1 Quarter
Cost of retail revenues CostOfRetailRevenues $2.68M USD 1 Quarter
Cost of bulk revenues CostOfBulkRevenues $4.61M USD 1 Quarter
Cost of bulk revenues CostOfBulkRevenues $5.02M USD 1 Quarter
Cost of services revenues CostOfServices $197.28K USD 1 Quarter
Cost of services revenues CostOfServices $102.17K USD 1 Quarter
Cost of manufacturing revenues ManufacturingCosts $420.47K USD 1 Quarter
Cost of manufacturing revenues ManufacturingCosts $1.04M USD 1 Quarter
Total cost of revenues CostOfRevenue $8.84M USD 1 Quarter
Total cost of revenues CostOfRevenue $7.86M USD 1 Quarter
Gross profit GrossProfit $6.18M USD 1 Quarter
Gross profit GrossProfit $6.83M USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $4.46M USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $4.80M USD 1 Quarter
Income from operations OperatingIncomeLoss $2.04M USD 1 Quarter
Income from operations OperatingIncomeLoss $1.72M USD 1 Quarter
Interest income InterestIncomeOther $122.19K USD 1 Quarter
Interest income InterestIncomeOther $216.84K USD 1 Quarter
Interest expense InterestExpense $64.05K USD 1 Quarter
Interest expense InterestExpense $2.22K USD 1 Quarter
Profit sharing income from OC-BVI ProfitLossFromSubsidiaries $10.12K USD 1 Quarter
Profit sharing income from OC-BVI ProfitLossFromSubsidiaries $34.42K USD 1 Quarter
Equity in earnings of OC-BVI IncomeLossFromEquityMethodInvestments $26.87K USD 1 Quarter
Equity in earnings of OC-BVI IncomeLossFromEquityMethodInvestments $45.36K USD 1 Quarter
Impairment loss on investment in OC-BVI EquityMethodInvestmentOtherThanTemporaryImpairment $875.00K USD Annual
Impairment loss on investment in OC-BVI EquityMethodInvestmentOtherThanTemporaryImpairment - USD 1 Quarter
Impairment loss on investment in OC-BVI EquityMethodInvestmentOtherThanTemporaryImpairment $50.00K USD 1 Quarter
Unrealized gain on put/call options UnrealizedGainLossOnDerivatives - USD 1 Quarter
Unrealized gain on put/call options UnrealizedGainLossOnDerivatives $165.00K USD 1 Quarter
Other OtherNonoperatingIncomeExpense $81.42K USD 1 Quarter
Other OtherNonoperatingIncomeExpense $206.98K USD 1 Quarter
Other income, net NonoperatingIncomeExpense $403.38K USD 1 Quarter
Other income, net NonoperatingIncomeExpense $389.56K USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $2.11M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $2.44M USD 1 Quarter
Provision for (benefit from) income taxes IncomeTaxExpenseBenefit $-139.70K USD 1 Quarter
Provision for (benefit from) income taxes IncomeTaxExpenseBenefit $-73.27K USD 1 Quarter
Net income ProfitLoss $2.58M USD 1 Quarter
Net income ProfitLoss $2.18M USD 1 Quarter
Income (loss) attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $-51.78K USD 1 Quarter
Income (loss) attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $124.23K USD 1 Quarter
Net income attributable to Consolidated Water Co. Ltd. stockholders NetIncomeLoss $2.05M USD 1 Quarter
Net income attributable to Consolidated Water Co. Ltd. stockholders NetIncomeLoss $2.63M USD 1 Quarter
Basic earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders EarningsPerShareBasic $0.18 USD 1 Quarter
Basic earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders EarningsPerShareBasic $0.14 USD 1 Quarter
Diluted earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders EarningsPerShareDiluted $0.18 USD 1 Quarter
Diluted earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders EarningsPerShareDiluted $0.14 USD 1 Quarter
Dividends declared per common share CommonStockDividendsPerShareDeclared $0.07 USD 1 Quarter
Dividends declared per common share CommonStockDividendsPerShareDeclared $0.07 USD 1 Quarter
Basic earnings per share WeightedAverageNumberOfSharesOutstandingBasic 14.78M shares 1 Quarter
Basic earnings per share WeightedAverageNumberOfSharesOutstandingBasic 14.87M shares 1 Quarter
Diluted earnings per share WeightedAverageNumberOfDilutedSharesOutstanding 15.04M shares 1 Quarter
Diluted earnings per share WeightedAverageNumberOfDilutedSharesOutstanding 14.86M shares 1 Quarter
Cash Flow Statement 52 line items
Line Item Tag Value Unit Period
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $-356.64K USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $-1.86M USD 1 Quarter
Additions to property, plant and equipment and construction in progress PaymentsToAcquirePropertyPlantAndEquipment $1.77M USD 1 Quarter
Additions to property, plant and equipment and construction in progress PaymentsToAcquirePropertyPlantAndEquipment $954.67K USD 1 Quarter
Proceeds from sale of equipment ProceedsFromSaleOfPropertyPlantAndEquipment $15.00K USD 1 Quarter
Proceeds from sale of equipment ProceedsFromSaleOfPropertyPlantAndEquipment $9.63K USD 1 Quarter
Distribution of earnings from OC-BVI EquityMethodInvestmentDividendsOrDistributions - USD 1 Quarter
Distribution of earnings from OC-BVI EquityMethodInvestmentDividendsOrDistributions $1.14M USD 1 Quarter
Acquisition of Aerex, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $7.74M USD 1 Quarter
Acquisition of Aerex, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Collections on loans receivable ProceedsFromCollectionOfLoansReceivable $449.34K USD 1 Quarter
Collections on loans receivable ProceedsFromCollectionOfLoansReceivable $479.41K USD 1 Quarter
Release of cash balance IncreaseDecreaseInRestrictedCash $-423.40K USD 1 Quarter
Release of cash balance IncreaseDecreaseInRestrictedCash - USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-140.72K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-7.81M USD 1 Quarter
Dividends paid to CWCO common shareholders PaymentsOfDividendsCommonStock $1.11M USD 1 Quarter
Dividends paid to CWCO common shareholders PaymentsOfDividendsCommonStock $1.11M USD 1 Quarter
Dividends paid to CWCO preferred shareholders PaymentsOfDividendsPreferredStockAndPreferenceStock $2.64K USD 1 Quarter
Dividends paid to CWCO preferred shareholders PaymentsOfDividendsPreferredStockAndPreferenceStock $2.91K USD 1 Quarter
Repurchase of redeemable preferred stock PaymentsForRepurchaseOfPreferredStockAndPreferenceStock $6.08K USD 1 Quarter
Repurchase of redeemable preferred stock PaymentsForRepurchaseOfPreferredStockAndPreferenceStock - USD 1 Quarter
Proceeds received from exercise of stock options ProceedsFromStockOptionsExercised $50.42K USD 1 Quarter
Proceeds received from exercise of stock options ProceedsFromStockOptionsExercised - USD 1 Quarter
Issuance of note payable to related party ProceedsFromRelatedPartyDebt $392.00K USD 1 Quarter
Issuance of note payable to related party ProceedsFromRelatedPartyDebt $490.00K USD 1 Quarter
Repayments of demand loan payable RepaymentsOfOtherShortTermDebt - USD 1 Quarter
Repayments of demand loan payable RepaymentsOfOtherShortTermDebt $500.00K USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-725.11K USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-1.08M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents - USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $647.00 USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-9.24M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-2.72M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $35.55M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $44.79M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $36.53M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $39.25M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $35.55M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $44.79M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $36.53M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $39.25M USD Point-in-time
Interest paid in cash InterestPaid - USD 1 Quarter
Interest paid in cash InterestPaid $32.90K USD 1 Quarter
Issuance of 17,833, and 0, respectively, shares of common stock for services rendered StockIssuedDuringPeriodValueIssuedForServices - USD 1 Quarter
Issuance of 17,833, and 0, respectively, shares of common stock for services rendered StockIssuedDuringPeriodValueIssuedForServices $203.55K USD 1 Quarter
Dividends declared but not paid Dividends $1.11M USD 1 Quarter
Dividends declared but not paid Dividends $1.12M USD 1 Quarter
Transfers from inventory to property, plant and equipment and construction in progress TransfersFromInventoryToPropertyPlantAndEquipmentAndConstructionInProgress $70.55K USD 1 Quarter
Transfers from inventory to property, plant and equipment and construction in progress TransfersFromInventoryToPropertyPlantAndEquipmentAndConstructionInProgress $69.92K USD 1 Quarter
Transfers from construction in progress to property, plant and equipment TransfersFromConstructionInProgressToPropertyPlantAndEquipment $140.50K USD 1 Quarter
Transfers from construction in progress to property, plant and equipment TransfersFromConstructionInProgressToPropertyPlantAndEquipment $83.90K USD 1 Quarter
Comprehensive Income 12 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $2.58M USD 1 Quarter
Net income ProfitLoss $2.18M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-3.17K USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax - USD 1 Quarter
Total other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-3.17K USD 1 Quarter
Total other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax - USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $2.18M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $2.58M USD 1 Quarter
Comprehensive income (loss) attributable to non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-51.78K USD 1 Quarter
Comprehensive income (loss) attributable to non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $124.07K USD 1 Quarter
Comprehensive income attributable to Consolidated Water Co. Ltd. stockholders ComprehensiveIncomeNetOfTax $2.63M USD 1 Quarter
Comprehensive income attributable to Consolidated Water Co. Ltd. stockholders ComprehensiveIncomeNetOfTax $2.05M USD 1 Quarter

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

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