Consolidated water co. ltd. (CWCO)
Income statement / TTM
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

-

-

-

-

-

-

-

-

-

23,225

23,926

23,802

24,011

23,505

22,829

23,210

23,089

23,254

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bulk revenues

-

-

-

-

-

-

-

-

-

28,682

31,126

30,675

30,072

29,647

29,500

29,991

30,737

31,854

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Services revenues

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Manufacturing revenues

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Retail revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

23,682

24,362

24,051

24,222

23,282

22,863

23,548

23,356

22,843

23,599

0

0

0

Bulk revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

40,703

40,495

40,545

40,758

38,676

36,098

33,660

30,757

28,706

27,450

0

0

0

Services revenues

-

-

-

-

-

-

-

-

-

-

-

-

785

835

1,565

2,297

2,039

2,007

1,483

1,805

2,125

2,253

2,058

1,055

815

843

827

758

679

469

445

409

767

1,040

1,698

2,092

0

0

0

Manufacturing revenues

-

-

-

-

-

-

-

-

-

-

-

-

4,648

3,887

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total revenue

72,530

68,793

69,230

71,394

68,153

65,719

59,506

58,025

58,244

59,367

61,608

59,422

59,518

57,875

57,158

57,378

56,484

57,116

59,015

61,430

63,876

65,559

65,560

63,977

63,615

63,822

65,214

65,615

65,277

65,450

62,404

59,371

57,976

55,154

53,248

53,141

0

0

0

Cost of retail revenues

-

-

-

-

-

-

-

-

-

10,372

10,539

10,516

10,348

10,294

10,129

10,304

10,406

10,543

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of bulk revenues

-

-

-

-

-

-

-

-

-

19,562

20,893

20,232

19,894

19,488

19,203

19,942

20,779

21,634

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of services revenues

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of retail revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

11,187

11,324

11,340

11,548

11,404

11,471

11,658

11,496

11,129

10,917

0

0

0

Cost of bulk revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

29,893

30,390

31,211

31,679

29,688

27,718

26,180

24,127

22,990

22,214

0

0

0

Cost of services revenues

-

-

-

-

-

-

-

-

-

-

-

-

656

751

1,107

1,601

1,541

1,629

1,596

2,196

2,529

2,580

2,386

1,395

1,102

1,080

883

643

459

230

212

308

418

508

845

1,504

0

0

0

Cost of manufacturing revenues

-

-

-

-

-

-

-

-

-

4,963

4,692

3,524

3,711

3,090

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total cost of revenue

42,778

40,519

40,742

42,490

40,618

38,977

35,627

34,963

34,910

35,368

36,559

34,760

34,610

33,624

32,806

33,304

33,147

33,807

35,828

38,185

40,226

42,086

41,858

40,749

40,359

40,316

41,965

42,358

43,012

43,458

41,305

39,497

38,257

36,132

34,965

34,636

0

0

0

Gross profit

29,752

28,274

28,488

28,904

27,535

26,742

23,878

23,061

23,334

23,998

25,049

24,661

24,907

24,250

24,351

24,074

23,336

23,308

23,186

23,245

23,649

23,472

23,701

23,228

23,255

23,505

23,249

23,257

22,265

21,992

21,099

19,873

19,719

19,022

18,283

18,505

0

0

0

General and administrative expenses

20,124

19,348

18,992

18,973

18,425

18,709

17,902

17,992

18,546

18,682

19,494

19,126

19,013

18,677

17,676

16,635

15,408

14,840

14,944

15,441

15,561

17,011

17,480

17,804

17,618

15,844

14,968

14,749

14,597

14,542

14,693

13,635

13,374

13,651

13,337

13,511

0

0

0

Gain (loss) on asset dispositions and impairments, net

401

445

405

386

-11

-56

-1,488

-2,054

-3,051

-3,040

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment loss on long-lived assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of goodwill

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from operations

10,028

9,370

9,901

10,316

9,098

7,976

4,487

3,014

1,735

2,276

4,303

1,111

2,467

2,137

2,893

7,406

7,896

8,435

8,241

7,803

8,088

6,461

6,221

5,423

5,637

7,661

7,758

7,986

7,146

6,928

6,406

6,238

6,345

5,370

4,945

4,994

0

0

0

Other income (expense):
Interest income

574

588

603

622

652

663

582

480

419

380

398

465

515

609

763

896

996

1,013

1,329

1,392

1,501

1,440

1,118

1,016

819

826

0

0

0

-

-

-

-

-

-

-

-

-

-

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

1,314

1,350

0

0

0

Interest expense

5

2

2

5

6

8

1

0

5

5

19

19

42

104

160

225

263

269

279

282

262

488

523

570

647

484

514

543

625

876

1,014

1,037

1,175

1,141

1,257

1,485

0

0

0

Profit-sharing income from OC-BVI

20

16

42

577

631

654

621

121

64

46

85

87

101

125

115

105

113

105

107

109

117

111

103

93

90

357

335

315

0

-

0

0

-

-

-

-

-

-

-

Equity in the earnings of OC-BVI

57

44

114

1,548

1,731

1,798

1,710

376

181

127

233

195

319

337

315

287

264

294

292

300

324

303

281

255

246

979

2,896

2,940

2,909

2,121

191

251

295

838

1,604

1,582

0

0

0

Impairment loss on investment in OC-BVI

-

-

-

-

-

-

-

-

-

-

-

-

-

925

1,175

525

800

1,060

1,670

1,445

1,170

860

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net unrealized loss on put/call options

-81

56

-233

-158

-74

-256

590

686

589

960

301

-145

-132

-297

-275

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

144

98

-31

5

-81

-111

-49

-90

30

17

-66

13

221

356

431

-63

-211

-593

-712

-430

-576

-203

-79

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Equity in earnings of OC-BVI

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

297

297

330

283

247

204

0

0

0

Other income, net

710

801

493

2,590

2,852

2,740

3,453

1,573

1,280

1,526

931

-278

107

103

15

475

99

-510

-932

-355

-66

303

672

530

425

1,486

3,913

4,003

3,908

2,695

454

557

576

1,181

1,909

1,652

0

0

0

Income before income taxes

10,739

10,171

10,395

12,907

11,950

10,716

7,940

4,588

3,016

3,802

5,235

833

2,575

2,241

2,908

7,881

7,995

7,925

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for income taxes

223

66

29

82

-30

-157

-589

-739

-826

-888

-558

-568

-602

-536

-389

-243

-73

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income from continuing operations

10,515

10,104

10,365

12,825

11,981

10,873

0

0

0

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from continuing operations attributable to non-controlling interests

1,637

1,549

1,383

1,260

1,004

695

0

0

0

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

8,878

8,554

8,982

11,564

10,977

10,177

0

0

0

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of discontinued operations

0

3,621

3,621

3,621

3,621

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income from discontinued operations

-

-

246

489

-

1,115

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total income from discontinued operations

-

3,621

3,867

4,110

4,409

1,115

0

0

0

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from discontinued operations attributable to non-controlling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

-

8,068

7,925

7,308

7,447

8,022

6,764

6,893

5,954

6,062

9,148

11,672

11,989

11,054

9,624

6,860

6,795

6,922

6,551

6,854

6,646

0

0

0

Income attributable to non-controlling interests

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

-

416

406

416

447

490

499

506

540

555

553

457

378

339

308

351

304

459

438

380

425

0

0

0

Net income attributable to Consolidated Water Co. Ltd. stockholders

8,878

12,176

12,850

15,675

15,387

11,293

10,560

7,169

5,605

6,144

5,983

2,957

4,537

3,960

3,987

7,628

7,652

7,518

6,892

7,000

7,531

6,265

6,387

5,413

5,507

8,594

11,215

11,611

10,714

9,315

6,509

6,490

6,462

6,113

6,474

6,221

0

0

0

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