Consolidated water co. ltd. (CWCO)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Retail revenues

-

-

-

-

-

-

-

-

-

5,113

5,570

6,064

6,476

5,814

5,447

6,273

5,970

5,138

5,828

6,152

6,135

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bulk revenues

-

-

-

-

-

-

-

-

-

5,066

7,881

8,043

7,690

7,510

7,429

7,441

7,265

7,364

7,919

8,187

8,382

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Services revenues

-

-

-

-

-

-

-

-

-

-

111

119

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Manufacturing revenues

-

-

-

-

-

-

-

-

-

-

3,008

1,056

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Retail revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,936

6,499

6,112

-

5,023

6,179

6,395

6,084

5,703

5,869

6,566

5,144

5,283

6,554

6,373

4,631

6,039

Bulk revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,905

9,966

9,959

-

10,239

10,162

9,856

10,445

10,031

10,212

10,069

8,363

7,452

7,774

7,166

6,312

6,196

Services revenues

-

-

-

-

-

-

-

-

-

-

-

-

130

125

125

403

180

855

857

146

148

332

1,178

466

275

137

175

227

303

121

105

148

93

97

70

506

366

756

463

Manufacturing revenues

-

-

-

-

-

-

-

-

-

-

-

-

1,379

625

1,382

1,260

618

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total revenue

20,725

17,610

15,889

18,305

16,988

18,047

18,053

15,064

14,554

11,834

16,572

15,283

15,677

14,076

14,385

15,379

14,034

13,358

14,605

14,485

14,666

15,257

17,021

16,931

16,348

15,258

15,438

16,569

16,555

16,651

15,840

16,230

16,728

13,605

12,806

14,835

13,906

11,699

12,699

Cost of retail revenues

-

-

-

-

-

-

-

-

-

2,476

2,488

2,722

2,684

2,644

2,464

2,555

2,629

2,478

2,640

2,657

2,766

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of bulk revenues

-

-

-

-

-

-

-

-

-

3,812

5,582

5,152

5,015

5,142

4,922

4,813

4,610

4,857

5,661

5,649

5,466

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of services revenues

-

-

-

-

-

-

-

-

-

-

114

103

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of retail revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,945

3,119

2,931

-

2,661

2,870

2,834

2,821

2,798

2,885

3,042

2,677

2,865

3,072

2,880

2,310

2,653

Cost of bulk revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,113

6,895

7,111

-

7,280

7,047

7,187

8,378

7,777

7,868

7,655

6,387

5,807

6,330

5,602

5,250

5,031

Cost of services revenues

-

-

-

-

-

-

-

-

-

-

-

-

102

112

168

272

197

469

662

212

284

436

1,261

546

335

243

270

254

312

46

29

71

82

28

125

181

172

366

783

Cost of manufacturing revenues

-

-

-

-

-

-

-

-

-

996

2,078

847

1,041

724

910

1,035

420

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total cost of revenue

12,285

10,560

9,180

10,752

10,026

10,783

10,928

8,879

8,385

7,433

10,264

8,826

8,843

8,624

8,466

8,676

7,857

7,805

8,963

8,520

8,517

9,826

11,320

10,561

10,378

9,598

10,211

10,171

10,334

11,246

10,605

10,825

10,780

9,093

8,797

9,584

8,656

7,927

8,468

Gross profit

8,440

7,050

6,708

7,552

6,962

7,264

7,124

6,184

6,169

4,400

6,307

6,456

6,833

5,451

5,919

6,702

6,177

5,552

5,641

5,965

6,148

5,431

5,700

6,370

5,970

5,660

5,226

6,397

6,220

5,404

5,234

5,405

5,947

4,511

4,008

5,251

5,250

3,772

4,231

General and administrative expenses

5,153

5,150

4,825

4,994

4,378

4,793

4,807

4,446

4,661

3,987

4,896

5,001

4,797

4,799

4,528

4,888

4,460

3,797

3,487

3,661

3,892

3,902

3,984

3,781

5,342

4,371

4,308

3,594

3,568

3,496

4,089

3,442

3,514

3,646

3,031

3,180

3,792

3,332

3,205

Gain (loss) on asset dispositions and impairments, net

-0

-3

7

397

43

-42

-12

-0

-1

-1,474

-578

-997

9

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment loss on long-lived assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of goodwill

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,750

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from operations

3,286

1,896

1,890

2,955

2,628

2,428

2,305

1,736

1,505

-1,060

833

457

2,046

967

-2,359

1,813

1,716

1,722

2,153

2,303

2,255

1,529

1,715

2,588

627

1,289

918

2,802

2,651

1,386

1,145

1,963

2,433

864

976

2,070

1,458

440

1,025

Other income (expense):
Interest income

136

143

154

140

150

159

172

170

161

78

70

108

122

97

137

158

216

250

270

258

233

566

334

366

172

243

232

169

180

-

-

-

-

-

-

-

-

-

-

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

198

235

215

-

265

314

347

386

302

Interest expense

2

1

0

1

0

1

2

2

1

-5

1

7

2

8

1

30

64

65

66

67

69

74

70

47

295

109

117

124

132

139

146

206

383

276

170

343

350

392

398

Profit-sharing income from OC-BVI

10

6

2

2

6

32

536

56

28

0

36

0

10

38

38

14

34

28

28

22

26

30

30

30

20

22

20

27

287

-

0

0

-

-

-

-

-

-

-

Equity in the earnings of OC-BVI

25

18

38

-24

13

88

1,472

157

80

-0

138

-37

26

105

101

85

45

83

73

62

75

81

81

85

54

60

55

76

787

1,976

99

44

0

46

159

88

543

813

137

Impairment loss on investment in OC-BVI

-

-

-

-

-

-

-

-

-

-

-

-

-

0

875

0

50

250

225

275

310

860

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net unrealized loss on put/call options

-161

80

0

0

-24

-209

75

84

-206

637

171

-13

165

-22

-275

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

160

14

35

-65

114

-115

72

-153

85

-54

31

-31

71

-137

110

176

206

-63

-383

27

-175

-182

-101

-117

198

-

-58

-

-

-

-

-

-

-

-

-

-

-

-

Equity in earnings of OC-BVI

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

56

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

63

89

-

69

44

111

71

70

77

63

35

27

Other income, net

169

260

229

50

260

-46

2,326

312

147

667

447

18

393

72

-762

404

389

-16

-302

28

-219

-438

274

317

150

-70

132

212

1,212

2,356

221

117

-0

115

324

136

604

842

67

Income before income taxes

3,455

2,157

2,120

3,005

2,888

2,381

4,632

2,048

1,653

-393

1,280

476

2,439

1,039

-3,122

2,218

2,105

1,706

1,851

2,331

2,035

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for income taxes

206

-6

-40

64

48

-43

12

-48

-77

-476

-136

-136

-139

-146

-146

-170

-73

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income from continuing operations

3,249

2,164

2,160

2,941

2,839

2,425

4,619

2,097

1,730

-

-

-

-

-

-

2,388

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from continuing operations attributable to non-controlling interests

360

377

433

464

273

211

310

208

-34

-

-

-

-

-

-

48

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders

2,888

1,786

1,727

2,476

2,565

2,214

4,309

1,888

1,765

-

-

-

-

-

-

2,339

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of discontinued operations

0

0

0

0

3,621

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income from discontinued operations

-

-

0

0

-

246

243

299

327

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total income from discontinued operations

-

0

0

0

3,621

246

243

299

327

-

-

-

-

-

-

-142

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from discontinued operations attributable to non-controlling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-7

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-135

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

-

-

-

-

-

-

-

-

-

-

1,416

612

2,579

-

-2,975

-

2,178

1,706

1,851

2,331

2,035

1,090

1,989

2,906

778

1,219

1,050

3,015

3,863

3,743

1,367

2,080

2,433

980

1,301

2,207

2,062

1,283

1,093

Income attributable to non-controlling interests

-

-

-

-

-

-

-

-

-

-

255

-11

-51

-

-1,110

-

124

112

75

103

114

122

107

146

123

129

141

161

121

32

62

123

90

75

15

277

69

17

60

Net income attributable to Consolidated Water Co. Ltd. stockholders

2,888

1,786

1,727

2,476

6,186

2,460

4,552

2,188

2,092

1,727

1,161

624

2,631

1,566

-1,865

2,204

2,054

1,593

1,775

2,228

1,921

968

1,882

2,759

654

1,089

908

2,853

3,742

3,710

1,304

1,957

2,342

904

1,286

1,929

1,993

1,265

1,033

Basic earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders
Continuing operations

0.19

0.13

0.11

0.16

0.17

0.15

0.28

0.13

0.12

-

-

-

-

-

-

0.16

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued operations

-

0.00

0.00

0.00

0.24

0.01

0.02

0.02

0.02

-

-

-

-

-

-

-0.01

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic earnings per share

0.19

0.13

0.11

0.16

0.41

0.16

0.30

0.15

0.14

0.11

0.08

0.04

0.18

0.11

-0.13

0.15

0.14

0.11

0.12

0.15

0.13

0.07

0.13

0.19

0.04

0.08

0.06

0.19

0.26

0.26

0.09

0.13

0.16

0.06

0.09

0.13

0.14

0.09

0.07

Diluted earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders
Continuing operations

0.19

0.12

0.11

0.16

0.17

0.16

0.28

0.12

0.12

-

-

-

-

-

-

0.16

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued operations

-

0.00

0.00

0.00

0.24

0.01

0.02

0.02

0.02

-

-

-

-

-

-

-0.01

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted earnings per share

0.19

0.12

0.11

0.16

0.41

0.17

0.30

0.14

0.14

0.11

0.08

0.04

0.18

0.11

-0.13

0.15

0.14

0.11

0.12

0.15

0.13

0.06

0.13

0.19

0.04

0.07

0.06

0.19

0.26

0.26

0.09

0.13

0.16

0.06

0.09

0.13

0.14

0.09

0.07

Dividends declared per common and redeemable preferred shares

0.08

0.08

0.08

0.08

0.08

0.08

0.08

0.08

0.08

0.08

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07

0.07

Weighted average number of common shares used in the determination of:
Basic earnings per share

15,114

15,035

15,026

15,020

15,020

14,969

14,963

14,959

14,959

14,927

14,898

14,889

14,871

14,848

14,815

14,792

14,783

14,762

14,749

14,736

14,718

14,705

14,700

14,698

14,686

14,655

14,644

14,636

14,598

14,583

14,580

14,579

14,569

14,565

14,560

14,558

14,556

14,549

14,545

Diluted earnings per share

15,268

15,094

15,138

15,130

15,184

14,939

15,124

15,117

15,114

14,863

15,072

15,055

15,035

15,187

14,852

14,871

14,864

14,951

14,802

14,793

14,764

14,766

14,763

14,760

14,766

14,760

14,734

14,684

14,635

14,607

14,617

14,603

14,596

14,599

14,590

14,595

14,598

14,592

14,604