Consolidated Water Co. Ltd. (CWCO) Financial Statements (2024 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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments50,71240,35843,79442,90331,33747,183
Cash and cash equivalents50,71240,35843,79442,90331,33747,183
Receivables27,04627,34921,48423,23024,96316,448
Inventory, net of allowances, customer advances and progress billings5,7282,5053,2143,2882,2331,744
Inventory5,7282,5053,2143,2882,2331,744
Contract with customer, asset, after allowance for credit loss2,9144905171,676836
Deferred costs (2,900)(2,700)(2,500)(2,400)(2,200)(2,000)
Disposal group, including discontinued operation5311,1741,511 1,959 
Costs in excess of billings238
Other undisclosed current assets8,5437,7594,9124,7473,2363,077
Total current assets:92,57476,93572,93273,44362,36466,691
Noncurrent Assets
Inventory, Noncurrent4,5514,7334,5074,4044,5454,759
Operating lease, right-of-use asset2,0582,6811,3304,439
Property, plant and equipment52,53052,94757,68861,24958,88150,525
Long-term investments and receivables1,5451,7162,0921,9042,5853,519
Long-term investments1,5451,7162,0921,9042,5852,784
Accounts and financing receivable, after allowance for credit loss      735
Intangible assets, net (including goodwill)13,24413,82717,47318,3659,89512,150
Goodwill10,42510,42513,32513,3258,0048,384
Intangible assets, net (excluding goodwill)2,8193,4024,1485,0401,8923,765
Disposal group, including discontinued operation, noncurrent assets21,12921,14621,166 1,945 
Other noncurrent assets1,6692,2041,9272,9902,1245,455
Other undisclosed noncurrent assets3,70683944025,49830,17622,382
Total noncurrent assets:100,433100,092106,623118,850110,15198,789
TOTAL ASSETS:193,007177,027179,556192,292172,516165,481
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:8,4382,8322,8563,6724,5716,944
Interest and dividends payable1,3211,3001,2921,2861,282
Employee-related liabilities1,4361,4341,8211,286 
Accounts payable      5,662
Accrued liabilities3,643     
Other undisclosed accounts payable and accrued liabilities4,795761225591,998 
Deferred revenue9,1201,098462614
Debt1156242774  
Disposal group, including discontinued operation390182188 646 
Billings in excess of cost1
Due to related parties404164201  686
Contract with customer, liability110
Other undisclosed current liabilities4,1903,3483,1903,1142,573 
Total current liabilities:22,6577,6876,9398,1747,9007,631
Noncurrent Liabilities
Long-term debt and lease obligation2162,2891,1083,898  
Long-term debt, excluding current maturities21615212661  
Liabilities, other than long-term debt2,37014936575200803
Deferred income tax liabilities560   
Disposal group, including discontinued operation, liabilities  82   
Other liabilities21914136275200803
Operating lease, liability1,5912,1379823,836
Other undisclosed noncurrent liabilities  1,2372,1312,1936601,025
Total noncurrent liabilities:2,5863,6753,6046,1668601,828
Total liabilities:25,24311,36210,54314,3398,7609,460
Equity
Equity, attributable to parent, including:159,667157,579160,909163,759154,971147,932
Preferred stock211719202120
Additional paid in capital89,20587,81286,89388,35787,21286,405
Accumulated other comprehensive loss     (550)(550)
Retained earnings61,24860,60364,91166,35359,29853,105
Other undisclosed equity, attributable to parent9,1949,1469,0869,0308,9908,951
Equity, attributable to noncontrolling interest8,0978,0878,10414,1948,7858,089
Total equity:167,764165,665169,013177,953163,756156,021
TOTAL LIABILITIES AND EQUITY:193,007177,027179,556192,292172,516165,481

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues94,10566,86472,62868,79465,72062,307
Cost of revenue(63,750)(43,356)(45,860)(40,519)(38,978)(36,872)
Gross profit:30,35523,50726,76828,27426,74225,435
Operating expenses(21,070)(18,350)(18,435)(19,349)(18,709)(19,073)
Other undisclosed operating income (loss)(13)(3,146)14445(57)(3,040)
Operating income:9,2722,0118,3489,3707,9763,321
Nonoperating income4651,6241,0838012,7401,522
Other nonoperating income (expense)90537298(111)14
Interest and debt expense(47)(10)(10)(3)(8)(7)
Income from continuing operations before equity method investments, income taxes:9,6903,6249,42110,16910,7084,837
Income from equity method investments7656371451,798 
Other undisclosed income (loss) from continuing operations before income taxes(29)(46)(361)(42)(1,790)7
Income from continuing operations before income taxes:9,7373,6359,43110,17210,7164,844
Income tax expense (benefit)(397)448(87)(67)157889
Income from continuing operations:9,3404,0839,34410,10510,8735,733
Income before gain (loss) on sale of properties:1,5084,44213,72611,9895,733
Income (loss) from discontinued operations(2,371)(2,574)(4,902)3,6211,116 
Net income:6,9691,5084,44213,72611,9895,733
Net income (loss) attributable to noncontrolling interest (1,113)633   411
Other undisclosed net loss attributable to parent (1,266)(730)(1,550)(696) 
Net income attributable to parent:5,8568763,71212,17611,2936,144
Other undisclosed net loss available to common stockholders, basic(12)(11)(12)(12)(12)(11)
Net income available to common stockholders, diluted:5,8458653,70012,16411,2816,133

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:6,9691,5084,44213,72611,9895,733
Comprehensive income:6,9691,5084,44213,72611,9895,733
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (1,113)633   411
Other undisclosed comprehensive loss, net of tax, attributable to parent      
Comprehensive income, net of tax, attributable to parent:5,8562,1414,44213,72611,9896,144

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.

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