Consolidated water co. ltd. (CWCO)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities
Net income

13,726

11,989

5,732

2,777

7,925

6,764

9,148

9,624

6,551

6,443

6,599

Adjustments to reconcile net income to net cash provided by operating activities:
Income from discontinued operations

-

1,115

-

-

-

-

-

-

-

-

-

Gain on sale of discontinued operations

3,621

0

-

-

-

-

-

-

-

-

-

Income from discontinued operations

-

-

1,041

-

-

-

-

-

-

-

-

Depreciation and amortization

7,207

7,034

7,290

7,421

5,836

5,524

5,472

7,728

5,998

-

6,395

Amortization of other assets

-

-

-

-

-

179

179

-

-

-

-

Amortization of prepaid land lease

-

-

-

-

-

25

-

-

-

-

-

Amortization of debt issuance costs

-

-

-

41

125

170

-

-

-

-

-

Deferred income tax benefit

-

-

-

-536

0

-

-

-

-

-

-

Deferred income tax benefit

-239

-365

-888

-

-

0

-

-

-

-

-

Land lease

-

-

-

-

-

-

27

-

-

-

-

Amortization of NRW costs

-

-

-

-

-

-

-

179

-

-

-

Provision for doubtful accounts

-

-

-

42

0

0

32

62

0

-

-

Unrealized (gain) loss on net put/call option

56

-256

960

-297

0

0

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

6,279

-

Compensation expense relating to stock and stock option grants

1,192

850

803

521

407

202

381

453

566

305

497

Loss (gain) on asset dispositions and impairments, net

445

-56

-

-

-

-

-

-

-

-

-

Net loss on disposal of fixed assets

-

-

-117

314

-32

-77

-14

12

-15

126

-68

Foreign currency transaction adjustment

104

-2

-6

172

-420

-107

-245

0

0

-

-

Profit-sharing and equity in earnings of OC-BVI

60

2,452

174

463

399

414

1,337

2,464

588

-

-

Impairment loss on long-lived assets

-

-

1,656

2,000

0

-

-

-

-

-

-

Impairment loss on long-lived assets

-

-

-

-

-

0

200

521

-

-

-

Impairment of goodwill

-

-

1,400

1,750

0

0

-

-

-

-

-

Proceeds from sale of equipment

-

-

-

-

-

-

-

-

0

-

-

Distribution of earnings from OC-BVI

742

2,651

1,477

0

0

969

1,439

2,287

202

-

-

Impairment of investment in OC-BVI

-

-

-

925

1,060

860

-

-

-

-

-

Unrealized gain on marketable securities

-

-

-

-

-

-

17

73

-

-

-

Impairment losses

-

-

-

-

-

-

-

-

0

-

-

Profit sharing and equity from earnings of OC-BVI

-

-

-

-

-

-

-

-

-

-1,274

-603

Impairment losses

-

-

-

-

-

-

-

-

-

0

4,660

Unrealized (gain) loss on marketable securities

-

-

-

-

-

-

-

-

-3

0

-

Change in:
Accounts receivable and costs and estimated earnings in excess of billings

414

9,512

-1,007

5,910

-3,402

-

-

-

-

-

-

Accounts receivable and costs and estimated earnings in excess of billings

-

-

-

-

-

-5,988

6,387

-

-

-

-

Marketable securities

-

-

-

-

-

-

-

-

8,500

0

-

Accounts receivable

-

-

-

-

-

-

-

4,092

-3,709

-3,950

2,190

Inventory

1,357

1,131

209

622

732

566

65

922

239

210

595

Prepaid expenses and other assets

171

800

3,115

-204

-299

-423

137

859

-609

-339

-116

Accounts payable, accrued expenses and other current liabilities, and billings in excess of costs and estimated earnings

-1,193

528

191

-138

-1,058

-1,158

1,622

1,412

420

-1,699

-1,059

Net cash provided by operating activities - continuing operations

15,203

7,990

13,293

-

-

18,184

9,379

11,556

-

-

-

Net cash provided by operating activities - discontinued operations

-

1,055

1,827

-

-

-

-

-

-

-

-

Net cash provided by (used in) operating activities

15,203

9,046

15,121

7,823

17,319

-

-

-

8,546

6,100

15,096

Cash flows from investing activities
Purchase of certificate of deposit

-

-

-

0

5,637

5,000

0

0

-

-

-

Maturity of certificate of deposit

-

-

-

5,637

5,000

0

0

-

-

-

-

Additions to property, plant and equipment and construction in progress

3,525

16,202

4,549

3,462

3,113

3,626

4,315

4,574

14,057

1,266

2,560

Proceeds from asset dispositions

453

51

22

547

10

13

13

0

-

-

-

Proceeds from sale of discontinued operations, net of cash provided

6,971

-

-

-

-

-

-

-

-

-

-

Acquisition of PERC, net of cash acquired

3,147

-

-

7,742

0

0

-

-

-

-

-

Distribution of earnings from OC-BVI

-

-

-

-

-

-

-

-

-

1,537

-

Collections on loans receivable

734

1,400

1,633

1,841

1,726

1,691

1,812

1,753

1,733

1,426

1,608

Payment for land and right of way held for development

1

2,655

-

-

-

-

-

-

-

-

-

Sale of marketable securities

-

-

-

-

-

8,587

0

0

-

-

-

Payment for land held for development

-

-

-

-

-

7,382

3,125

-

-

-

-

Payment for land and right of way held for development

-

-

0

-

-

-

-

0

-

-

-

Net cash used in investing activities - continuing operations

-

-

-2,893

-

-

-15,253

-4,175

6,667

-

-

-

Net cash used in investing activities - discontinued operations

-

-

-26

-

-

-

-

-

-

-

-

Payment of land purchase obligation

-

-

-

-

-

10,050

0

0

-

-

-

Payment for NSC option agreement

-

-

-

-

-

-

-

-300

0

0

-

Collections on loan receivable from OC-BVI

-

-

-

-

-

-

-

-

1,450

1,225

-

Payment for investment in land

-

-

-

-

-

-

-

-

0

-

-

Payment for NSC option agreement

-

-

-

-

-

-

-

-

0

0

-

Repayment of loan receivable by OC-BVI

-

-

-

-

-

-

-

-

-

-

-375

Release of restricted cash balance

-

-

-

-398

42

456

0

-7,500

7,500

0

-

Net cash provided by (used in) investing activities

1,485

-17,405

-2,920

-2,779

-2,057

-

-

-

-18,171

2,923

-576

Cash flows from financing activities
Dividends paid to common shareholders

5,103

5,081

4,464

4,433

4,417

4,407

4,388

-

-

-

-

Dividends paid to CWCO shareholders

-

-

-

-

-

-

-

4,450

4,850

4,368

4,999

Dividends paid to non-controlling interests

-

-

-

182

201

164

0

-

-

-

-

Dividends paid to preferred shareholders

12

14

11

11

11

11

10

-

-

-

-

Repurchase of redeemable preferred stock

-

-

-

-

-

13

-

-

-

-

-

Repurchase of redeemable preferred stock

-24

-17

8

-14

-6

-

9

-

-

-

-

Repurchase of redeemable preferred stock

-

-

-

-

-

-

-

-1

-

-

-

Issuance of redeemable preferred stock

-

-

-

-

-

-

-

-

1

-10

-

Proceeds received from exercise of stock options

15

12

-

568

456

52

500

0

0

-

9

Issuance of note payable to related party

-

784

686

0

0

0

-

-

-

-

-

Payments made on note payable to related party

-

-1,470

-490

490

0

-

-

-

-

-

-

Principal repayments of long-term debt

-

-

-

-

-

5,301

1,724

10,125

1,531

2,944

1,361

Capital contribution from non-controlling interest

-

-

-

-

-

-

142

135

0

0

-

Repayment of non-revolving credit facility

-

-

-

-

-

-

-

7,500

-

-

-

Proceeds received from demand loan payable

-

-

-

-

-

10,000

0

0

-

-

-

Repayments of demand loan payable

-

-

-

7,000

2,000

1,000

0

0

-

-

-

Borrowings (repayment) of non-revolving credit facility

-

-

-

-

-

-

-

-

-7,500

0

-

Net cash used in financing activities

-5,124

-5,786

-4,271

-10,583

-6,180

-

-

-

1,118

-7,322

-6,351

Net increase (decrease) in cash and cash equivalents

11,565

-14,145

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-

-

-

-

-

-845

-5,471

-21,939

-

-

-

Effect of exchange rate changes on cash

-

-

-

0

-3

0

0

-16

-

-

-

Effect of exchange rate changes on cash

-

-

-

-

-

-

-

-

0

-

-

Net increase (decrease) in cash and cash equivalents

-

-

7,928

-5,538

9,079

2,087

-266

-3,731

-8,506

1,701

8,167