Consolidated Water Co. Ltd. (CWCO) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
REGATTA OFFICE PARK, WINDWARD THREE, GRAND CAYMAN, KY1-1102 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4941 - Water Supply (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 42,622 | 50,712 | 40,358 | 43,794 | 42,903 | 31,337 | |||
| Cash and cash equivalents | 42,622 | 50,712 | 40,358 | 43,794 | 42,903 | 31,337 | |||
| Receivables | 38,227 | 27,046 | 27,349 | 21,484 | 23,230 | 24,963 | |||
| Inventory, net of allowances, customer advances and progress billings | 6,045 | 5,728 | 2,505 | 3,214 | 3,288 | 2,233 | |||
| Inventory | 6,045 | 5,728 | 2,505 | 3,214 | 3,288 | 2,233 | |||
| Contract with customer, asset, after allowance for credit loss | 21,553 | 2,914 | 490 | 517 | 1,676 | 836 | |||
| Deferred costs | (3,100) | (2,900) | (2,700) | (2,500) | (2,400) | (2,200) | |||
| Disposal group, including discontinued operation | 212 | 531 | 1,174 | 1,511 | 1,959 | ||||
| Other undisclosed current assets | 7,156 | 8,543 | 7,759 | 4,912 | 4,747 | 3,236 | |||
| Total current assets: | 112,714 | 92,574 | 76,935 | 72,932 | 73,443 | 62,364 | |||
| Noncurrent Assets | |||||||||
| Inventory, Noncurrent | 5,046 | 4,551 | 4,733 | 4,507 | 4,404 | 4,545 | |||
| Operating lease, right-of-use asset | 2,135 | 2,058 | 2,681 | 1,330 | 4,439 | ✕ | |||
| Property, plant and equipment | 55,883 | 52,530 | 52,947 | 57,688 | 61,249 | 58,881 | |||
| Long-term investments and receivables | 1,412 | 1,545 | 1,716 | 2,092 | 1,904 | 2,585 | |||
| Long-term investments | 1,412 | 1,545 | 1,716 | 2,092 | 1,904 | 2,585 | |||
| Intangible assets, net (including goodwill) | 16,215 | 13,244 | 13,827 | 17,473 | 18,365 | 9,895 | |||
| Goodwill | 12,861 | 10,425 | 10,425 | 13,325 | 13,325 | 8,004 | |||
| Intangible assets, net (excluding goodwill) | 3,353 | 2,819 | 3,402 | 4,148 | 5,040 | 1,892 | |||
| Disposal group, including discontinued operation, noncurrent assets | 21,129 | 21,129 | 21,146 | 21,166 | 1,945 | ||||
| Other noncurrent assets | 3,408 | 1,669 | 2,204 | 1,927 | 2,990 | 2,124 | |||
| Other undisclosed noncurrent assets | 495 | 3,706 | 839 | 440 | 25,498 | 30,176 | |||
| Total noncurrent assets: | 105,723 | 100,433 | 100,092 | 106,623 | 118,850 | 110,151 | |||
| TOTAL ASSETS: | 218,438 | 193,007 | 177,027 | 179,556 | 192,292 | 172,516 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 4,733 | 8,438 | 2,832 | 2,856 | 3,672 | 4,571 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 1,321 | 1,300 | 1,292 | 1,286 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | 1,436 | 1,434 | 1,821 | 1,286 | ||
| Accrued liabilities | 4,733 | 3,643 | |||||||
| Other undisclosed accounts payable and accrued liabilities | 4,795 | 76 | 122 | 559 | 1,998 | ||||
| Deferred revenue | 6,554 | 9,120 | 1,098 | 462 | 614 | ✕ | |||
| Debt | 192 | 115 | 62 | 42 | 774 | ||||
| Disposal group, including discontinued operation | 365 | 390 | 182 | 188 | 646 | ||||
| Due to related parties | ✕ | ✕ | 404 | 164 | 201 | ||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 110 | ||
| Other undisclosed current liabilities | 12,061 | 4,190 | 3,348 | 3,190 | 3,114 | 2,573 | |||
| Total current liabilities: | 23,905 | 22,657 | 7,687 | 6,939 | 8,174 | 7,900 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 191 | 216 | 2,289 | 1,108 | 3,898 | ||||
| Long-term debt, excluding current maturities | 191 | 216 | 152 | 126 | 61 | ||||
| Liabilities, other than long-term debt | 2,511 | 2,370 | 149 | 365 | 75 | 200 | |||
| Deferred revenue | ✕ | ||||||||
| Deferred income tax liabilities | 531 | 560 | ✕ | ||||||
| Disposal group, including discontinued operation, liabilities | 8 | 2 | |||||||
| Other liabilities | 153 | 219 | 141 | 362 | 75 | 200 | |||
| Operating lease, liability | 1,827 | 1,591 | 2,137 | 982 | 3,836 | ✕ | |||
| Other undisclosed noncurrent liabilities | 1,237 | 2,131 | 2,193 | 660 | |||||
| Total noncurrent liabilities: | 2,702 | 2,586 | 3,675 | 3,604 | 6,166 | 860 | |||
| Total liabilities: | 26,607 | 25,243 | 11,362 | 10,543 | 14,339 | 8,760 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 186,827 | 159,667 | 157,579 | 160,909 | 163,759 | 154,971 | |||
| Preferred stock | 27 | 21 | 17 | 19 | 20 | 21 | |||
| Additional paid in capital | 92,189 | 89,205 | 87,812 | 86,893 | 88,357 | 87,212 | |||
| Accumulated other comprehensive loss | (550) | ||||||||
| Retained earnings | 85,149 | 61,248 | 60,603 | 64,911 | 66,353 | 59,298 | |||
| Other undisclosed equity, attributable to parent | 9,463 | 9,194 | 9,146 | 9,086 | 9,030 | 8,990 | |||
| Equity, attributable to noncontrolling interest | 5,003 | 8,097 | 8,087 | 8,104 | 14,194 | 8,785 | |||
| Total equity: | 191,831 | 167,764 | 165,665 | 169,013 | 177,953 | 163,756 | |||
| TOTAL LIABILITIES AND EQUITY: | 218,438 | 193,007 | 177,027 | 179,556 | 192,292 | 172,516 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 180,211 | 94,105 | 66,864 | 72,628 | 68,794 | 65,720 | ||
| Cost of revenue | (118,284) | (63,750) | (43,356) | (45,860) | (40,519) | (38,978) | ||
| Gross profit: | 61,927 | 30,355 | 23,507 | 26,768 | 28,274 | 26,742 | ||
| Operating expenses | (24,752) | (21,070) | (18,350) | (18,435) | (19,349) | (18,709) | ||
| Other undisclosed operating income (loss) | (7) | (13) | (3,146) | 14 | 445 | (57) | ||
| Operating income: | 37,168 | 9,272 | 2,011 | 8,348 | 9,370 | 7,976 | ||
| Nonoperating income | 828 | 465 | 1,624 | 1,083 | 801 | 2,740 | ||
| Gain, foreign currency transaction, before tax | ||||||||
| Other nonoperating income (expense) | 107 | 90 | 53 | 72 | 98 | (111) | ||
| Interest and debt expense | (145) | (47) | (10) | (10) | (3) | (8) | ||
| Income from continuing operations before equity method investments, income taxes: | 37,851 | 9,690 | 3,624 | 9,421 | 10,169 | 10,708 | ||
| Income from equity method investments | 123 | 76 | 56 | 371 | 45 | 1,798 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 22 | (29) | (46) | (361) | (42) | (1,790) | ||
| Income from continuing operations before income taxes: | 37,996 | 9,737 | 3,635 | 9,431 | 10,172 | 10,716 | ||
| Income tax expense (benefit) | (6,750) | (397) | 448 | (87) | (67) | 157 | ||
| Income from continuing operations: | 31,246 | 9,340 | 4,083 | 9,344 | 10,105 | 10,873 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 1,508 | 4,442 | 13,726 | 11,989 | |
| Income (loss) from discontinued operations | (1,087) | (2,371) | (2,574) | (4,902) | 3,621 | 1,116 | ||
| Net income: | 30,159 | 6,969 | 1,508 | 4,442 | 13,726 | 11,989 | ||
| Net income (loss) attributable to noncontrolling interest | (1,113) | 633 | ||||||
| Other undisclosed net loss attributable to parent | (574) | (1,266) | (730) | (1,550) | (696) | |||
| Net income attributable to parent: | 29,585 | 5,856 | 876 | 3,712 | 12,176 | 11,293 | ||
| Other undisclosed net loss available to common stockholders, basic | (16) | (12) | (11) | (12) | (12) | (12) | ||
| Net income available to common stockholders, diluted: | 29,570 | 5,845 | 865 | 3,700 | 12,164 | 11,281 | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 30,159 | 6,969 | 1,508 | 4,442 | 13,726 | 11,989 | ||
| Comprehensive income: | 30,159 | 6,969 | 1,508 | 4,442 | 13,726 | 11,989 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (1,113) | 633 | ||||||
| Comprehensive income, net of tax, attributable to parent: | 30,159 | 5,856 | 2,141 | 4,442 | 13,726 | 11,989 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.