Consolidated Water Co. Ltd. (CWCO) financial statements (2022 and earlier)

Company profile

Business Address REGATTA OFFICE PARK, WINDWARD THREE,
GRAND CAYMAN, KY1-1102
State of Incorp.
Fiscal Year End December 31
SIC 4941 - Water Supply (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments40,35843,79442,90331,33747,18339,25444,793
Cash and cash equivalents40,35843,79442,90331,33747,18339,25444,793
Restricted cash and investments      428
Receivables27,34921,48423,23024,96316,44818,13411,371
Inventory, net of allowances, customer advances and progress billings2,5053,2143,2882,2331,7442,3061,919
Inventory2,5053,2143,2882,2331,7442,3061,919
Contract with customer, asset4905171,676836
Deferred costs(2,700)(2,500)(2,400)(2,200)(2,000)(1,800) 
Disposal group, including discontinued operation1,1741,511 1,959   
Deposits current assets     1,500 
Costs in excess of billings23885 
Other undisclosed current assets7,7594,9124,7473,2363,0771,3966,920
Total current assets:76,93572,93273,44362,36466,69160,87665,431
Noncurrent Assets
Inventory, Noncurrent4,7334,5074,4044,5454,7594,6064,558
Operating lease, right-of-use asset2,6811,3304,439
Property, plant and equipment52,94757,68861,24958,88150,52553,08453,743
Long-term investments and receivables1,7162,0921,9042,5853,5196,2228,317
Long-term investments1,7162,0921,9042,5852,7844,0874,548
Accounts and financing receivable, after allowance for credit loss    7352,1353,769
Intangible assets, net (including goodwill)13,82717,47318,3659,89512,15014,9804,271
Goodwill10,42513,32513,3258,0048,3849,7843,499
Intangible assets, net (excluding goodwill)3,4024,1485,0401,8923,7655,195772
Disposal group, including discontinued operation, noncurrent assets21,14621,166 1,945   
Other noncurrent assets2,2041,9272,9902,1245,4552,3932,809
Other undisclosed noncurrent assets83944025,49830,17622,38221,44422,487
Total noncurrent assets:100,092106,623118,850110,15198,789102,72996,186
TOTAL ASSETS:177,027179,556192,292172,516165,481163,605161,617
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,8322,8563,6724,5716,9446,0866,007
Accounts payable    5,6624,8994,830
Employee-related liabilities1,4361,4341,8211,286   
Interest and dividends payable1,3211,3001,2921,2861,2821,1871,177
Other undisclosed accounts payable and accrued liabilities761225591,998   
Deferred revenue1,098462614
Debt6242774   7,000
Due to related parties164201  686490 
Disposal group, including discontinued operation182188 646   
Billings in excess of cost1103190
Contract with customer, liability110
Other undisclosed current liabilities3,3483,1903,1142,573   
Total current liabilities:7,6876,9398,1747,9007,6316,67913,197
Noncurrent Liabilities
Long-term debt and lease obligation2,2891,1083,898    
Long-term debt, excluding current maturities15212661    
Operating lease, liability2,1379823,836
Liabilities, other than long-term debt14936575200803905 
Disposal group, including discontinued operation, liabilities82     
Other liabilities14136275200803905 
Other undisclosed noncurrent liabilities1,2372,1312,1936601,0251,915225
Total noncurrent liabilities:3,6753,6046,1668601,8282,820225
Total liabilities:11,36210,54314,3398,7609,4609,49913,422
Stockholders' equity
Stockholders' equity attributable to parent, including:157,579160,909163,759154,971147,932145,605145,040
Preferred stock17192021202123
Additional paid in capital87,81286,89388,35787,21286,40585,62184,597
Accumulated other comprehensive loss   (550)(550)(550)(533)
Retained earnings60,60364,91166,35359,29853,10551,58952,084
Other undisclosed stockholders' equity attributable to parent9,1469,0869,0308,9908,9518,9238,869
Stockholders' equity attributable to noncontrolling interest8,0878,10414,1948,7858,0898,5003,155
Total stockholders' equity:165,665169,013177,953163,756156,021154,105148,195
TOTAL LIABILITIES AND EQUITY:177,027179,556192,292172,516165,481163,605161,617

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues66,86472,62868,79465,72062,30757,87657,116
Cost of revenue(43,356)(45,860)(40,519)(38,978)(36,872)(33,625)(34,190)
Gross profit:23,50726,76828,27426,74225,43524,25122,927
Operating expenses(18,350)(18,435)(19,349)(18,709)(19,073)(22,428)(14,458)
Other undisclosed operating income (loss)(3,146)14445(57)(3,040)  
Operating income:2,0118,3489,3707,9763,3211,8238,468
Nonoperating income (expense)1,6241,0838012,7401,522418(543)
Other nonoperating income (expense)537298(111)14671(626)
Interest and debt expense(10)(10)(3)(8)(7)(104)(269)
Income from continuing operations before equity method investments, income taxes:3,6249,42110,16910,7084,8372,1377,656
Income from equity method investments56371451,798   
Other undisclosed income (loss) from continuing operations before income taxes(46)(361)(42)(1,790)7104 
Income from continuing operations before income taxes:3,6359,43110,17210,7164,8442,2417,656
Income tax expense (benefit)448(87)(67)157889536 
Income from continuing operations:4,0839,34410,10510,8735,7332,7777,656
Income (loss) from discontinued operations(2,574)(4,902)3,6211,116   
Income before gain (loss) on sale of properties:1,5084,44213,72611,9895,7332,7777,656
Other undisclosed net income      269
Net income:1,5084,44213,72611,9895,7332,7777,925
Net income (loss) attributable to noncontrolling interest633   4111,183(407)
Other undisclosed net loss attributable to parent(1,266)(730)(1,550)(696)   
Net income attributable to parent:8763,71212,17611,2936,1443,9617,519
Other undisclosed net loss available to common stockholders, basic(11)(12)(12)(12)(11)(12)(12)
Net income available to common stockholders, diluted:8653,70012,16411,2816,1333,9497,507

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:1,5084,44213,72611,9895,7332,7777,925
Other comprehensive loss     (17)(54)
Comprehensive income:1,5084,44213,72611,9895,7332,7607,872
Comprehensive income (loss), net of tax, attributable to noncontrolling interest633   4111,184(404)
Comprehensive income, net of tax, attributable to parent:2,1414,44213,72611,9896,1443,9447,468

Statements sources

The financial statements are based on the company's filings with the 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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