$CWCO
Consolidated Water Co. Ltd.

2024 Q2 Form 10-Q Financial Statement

#000155837024008284 Filed on May 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q4
Revenue $32.48M $39.69M $53.25M
YoY Change -26.58% 20.75% 87.32%
Cost Of Revenue $20.86M $25.81M $33.96M
YoY Change -27.51% 15.69% 73.82%
Gross Profit $11.62M $13.88M $19.29M
YoY Change -24.85% 31.43% 116.98%
Gross Profit Margin 35.78% 34.97% 36.22%
Selling, General & Admin $6.606M $6.564M $6.858M
YoY Change 10.38% 8.74% 21.03%
% of Gross Profit 56.85% 47.3% 35.55%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.668M $1.675M
YoY Change
% of Gross Profit 14.35% 12.07%
Operating Expenses $6.606M $6.564M $6.858M
YoY Change 10.38% 8.74% 21.03%
Operating Profit $5.011M $7.314M $12.43M
YoY Change -47.14% 61.52% 285.68%
Interest Expense $396.2K $33.50K $370.8K
YoY Change 993.08% -11.48% -642.52%
% of Operating Profit 7.91% 0.46% 2.98%
Other Income/Expense, Net $418.4K $418.2K -$64.75K
YoY Change 224.03% 166.26% 315.86%
Pretax Income $5.429M $7.732M $12.72M
YoY Change -43.5% 65.03% 309.72%
Income Tax $1.064M $621.7K $2.384M
% Of Pretax Income 19.6% 8.04% 18.74%
Net Earnings $15.85M $6.474M $9.839M
YoY Change 116.42% 69.77% 543.48%
Net Earnings / Revenue 48.8% 16.31% 18.48%
Basic Earnings Per Share $1.00 $0.41
Diluted Earnings Per Share $0.99 $0.40 $0.62
COMMON SHARES
Basic Shares Outstanding 15.83M 15.80M 15.75M
Diluted Shares Outstanding 15.98M 15.98M

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $96.67M $46.18M $42.62M
YoY Change 102.7% -9.64% -15.95%
Cash & Equivalents $96.67M $46.18M $42.62M
Short-Term Investments
Other Short-Term Assets $4.449M $3.309M $4.268M
YoY Change -38.16% -41.07% -30.88%
Inventory $4.561M $4.182M $6.045M
Prepaid Expenses
Receivables $39.66M $41.76M $59.78M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $150.8M $118.8M $112.7M
YoY Change 46.05% 17.04% 21.76%
LONG-TERM ASSETS
Property, Plant & Equipment $54.37M $54.85M $58.51M
YoY Change 7.17% 6.53% 11.39%
Goodwill $12.86M $12.86M $12.86M
YoY Change 23.37% 23.37% 23.37%
Intangibles $3.025M $3.189M $3.353M
YoY Change 18.83% 18.9% 18.95%
Long-Term Investments $1.311M $1.262M $1.412M
YoY Change -2.11% -2.3% -8.62%
Other Assets $3.059M $3.228M $29.58M
YoY Change 1.92% 105.91% 1672.1%
Total Long-Term Assets $84.40M $104.4M $105.7M
YoY Change -17.13% 4.26% 5.27%
TOTAL ASSETS
Total Short-Term Assets $150.8M $118.8M $112.7M
Total Long-Term Assets $84.40M $104.4M $105.7M
Total Assets $235.2M $223.2M $218.4M
YoY Change 14.67% 10.69% 13.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.101M $11.15M $11.60M
YoY Change -20.24% 13.78% 31.24%
Accrued Expenses $3.378M $4.719M $3.617M
YoY Change 39.78% 38.94% 28.51%
Deferred Revenue $5.710M $5.459M $6.237M
YoY Change -55.83% -64.78% -29.16%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $170.9K $183.4K $192.0K
YoY Change 48.63% 59.51% 67.03%
Total Short-Term Liabilities $19.53M $23.80M $23.90M
YoY Change -29.54% -22.9% 5.51%
LONG-TERM LIABILITIES
Long-Term Debt $115.0K $149.8K $191.2K
YoY Change -28.73% -20.69% -11.53%
Other Long-Term Liabilities $153.0K $153.0K $1.980M
YoY Change 0.0% 4.03% 803.79%
Total Long-Term Liabilities $268.0K $302.8K $2.171M
YoY Change -14.75% -9.86% 398.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $19.53M $23.80M $23.90M
Total Long-Term Liabilities $268.0K $302.8K $2.171M
Total Liabilities $23.16M $25.93M $31.61M
YoY Change -22.98% -21.89% 25.23%
SHAREHOLDERS EQUITY
Retained Earnings $104.5M $90.11M $85.15M
YoY Change 49.86% 41.42% 39.02%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $206.7M $192.1M $186.8M
YoY Change
Total Liabilities & Shareholders Equity $235.2M $223.2M $218.4M
YoY Change 14.67% 10.69% 13.18%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q4
OPERATING ACTIVITIES
Net Income $15.85M $6.474M $9.839M
YoY Change 116.42% 69.77% 543.48%
Depreciation, Depletion And Amortization $1.668M $1.675M
YoY Change
Cash From Operating Activities $20.96M $5.950M -$429.2K
YoY Change -5718.2% 11.29% -107.76%
INVESTING ACTIVITIES
Capital Expenditures $1.194M $531.5K $927.9K
YoY Change -30.93% -61.54% -79.81%
Acquisitions
YoY Change
Other Investing Activities $33.26M $0.00 -$3.419M
YoY Change 609142.86% -100.0% -11291.95%
Cash From Investing Activities $32.07M -$531.5K -$4.347M
YoY Change -1961.58% -86.04% -4.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $50.02K
YoY Change 83.77%
Cash From Financing Activities -1.576M -1.558M -1.555M
YoY Change 15.71% 16.75% 17.1%
NET CHANGE
Cash From Operating Activities 20.96M 5.950M -429.2K
Cash From Investing Activities 32.07M -531.5K -4.347M
Cash From Financing Activities -1.576M -1.558M -1.555M
Net Change In Cash 51.45M 3.861M -6.331M
YoY Change -1588.06% 1769.26% 1642.69%
FREE CASH FLOW
Cash From Operating Activities $20.96M $5.950M -$429.2K
Capital Expenditures $1.194M $531.5K $927.9K
Free Cash Flow $19.76M $5.419M -$1.357M
YoY Change -1040.5% 36.67% -245.34%

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CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2023Q1 us-gaap Profit Loss
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CY2023Q1 cwco Purchase Of Remaining Non Controlling Interests In Perc
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CY2023Q1 us-gaap Dividends Cash
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CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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463893
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2024Q1 us-gaap Net Income Loss
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6474348
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
3813626
CY2024Q1 cwco Income From Continuing Operations Attributable To Non Controlling Interests
IncomeFromContinuingOperationsAttributableToNonControllingInterests
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CY2023Q1 cwco Income From Continuing Operations Attributable To Non Controlling Interests
IncomeFromContinuingOperationsAttributableToNonControllingInterests
163121
CY2024Q1 us-gaap Profit Loss
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CY2023Q1 us-gaap Profit Loss
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CY2024Q1 us-gaap Disposal Group Including Discontinued Operation Foreign Currency Translation Gains Losses
DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses
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CY2023Q1 us-gaap Disposal Group Including Discontinued Operation Foreign Currency Translation Gains Losses
DisposalGroupIncludingDiscontinuedOperationForeignCurrencyTranslationGainsLosses
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CY2024Q1 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
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CY2023Q1 us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
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CY2024Q1 us-gaap Depreciation And Amortization
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CY2023Q1 us-gaap Depreciation And Amortization
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CY2024Q1 us-gaap Deferred Income Tax Expense Benefit
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CY2023Q1 us-gaap Deferred Income Tax Expense Benefit
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CY2024Q1 us-gaap Provision For Doubtful Accounts
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CY2023Q1 us-gaap Provision For Doubtful Accounts
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CY2024Q1 us-gaap Share Based Compensation
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279875
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
463893
CY2023Q1 cwco Gain On Asset Dispositions And Impairments Net
GainOnAssetDispositionsAndImpairmentsNet
-5915
CY2024Q1 cwco Income Loss From Equity Method Investments And Subsidiaries
IncomeLossFromEquityMethodInvestmentsAndSubsidiaries
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CY2023Q1 cwco Income Loss From Equity Method Investments And Subsidiaries
IncomeLossFromEquityMethodInvestmentsAndSubsidiaries
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CY2024Q1 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
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CY2023Q1 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
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CY2024Q1 us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
3715214
CY2023Q1 us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
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CY2024Q1 cwco Increase Decrease In Contract Assets
IncreaseDecreaseInContractAssets
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CY2023Q1 cwco Increase Decrease In Contract Assets
IncreaseDecreaseInContractAssets
3213865
CY2024Q1 us-gaap Increase Decrease In Inventories
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CY2023Q1 us-gaap Increase Decrease In Inventories
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CY2024Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2023Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2024Q1 cwco Increase Decrease In Accounts Payable And Accrued Expenses And Other Current Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedExpensesAndOtherCurrentLiabilities
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CY2023Q1 cwco Increase Decrease In Accounts Payable And Accrued Expenses And Other Current Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedExpensesAndOtherCurrentLiabilities
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CY2024Q1 cwco Increase Decrease In Contract Liability
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CY2023Q1 cwco Increase Decrease In Contract Liability
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CY2024Q1 us-gaap Increase Decrease In Operating Liabilities
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CY2023Q1 us-gaap Increase Decrease In Operating Liabilities
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CY2024Q1 us-gaap Increase Decrease In Deferred Revenue
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CY2023Q1 us-gaap Increase Decrease In Deferred Revenue
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CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
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CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
5671510
CY2024Q1 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
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CY2023Q1 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
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CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2024Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
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CY2023Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2023Q1 us-gaap Payments To Acquire Additional Interest In Subsidiaries
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CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2024Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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CY2023Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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CY2024Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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CY2023Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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CY2024Q1 us-gaap Proceeds From Repurchase Of Redeemable Preferred Stock
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CY2024Q1 us-gaap Repayments Of Long Term Debt
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CY2023Q1 us-gaap Repayments Of Long Term Debt
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CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1557565
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2024Q1 us-gaap Stock Issued During Period Shares Issued For Services
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CY2023Q1 us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
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CY2024Q1 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
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CY2023Q1 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
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CY2024Q1 us-gaap Dividends
Dividends
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CY2023Q1 us-gaap Dividends
Dividends
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CY2024Q1 us-gaap Stock Issued During Period Shares Purchase Of Assets
StockIssuedDuringPeriodSharesPurchaseOfAssets
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CY2023Q1 us-gaap Stock Issued During Period Shares Purchase Of Assets
StockIssuedDuringPeriodSharesPurchaseOfAssets
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CY2023Q1 us-gaap Stock Issued During Period Value Purchase Of Assets
StockIssuedDuringPeriodValuePurchaseOfAssets
5359973
CY2024Q1 cwco Transfers From Inventory To Property Plant And Equipment And Construction In Progress
TransfersFromInventoryToPropertyPlantAndEquipmentAndConstructionInProgress
157356
CY2023Q1 cwco Transfers From Inventory To Property Plant And Equipment And Construction In Progress
TransfersFromInventoryToPropertyPlantAndEquipmentAndConstructionInProgress
61665
CY2024Q1 cwco Transfers From Construction In Progress To Property Plant And Equipment
TransfersFromConstructionInProgressToPropertyPlantAndEquipment
184402
CY2023Q1 cwco Transfers From Construction In Progress To Property Plant And Equipment
TransfersFromConstructionInProgressToPropertyPlantAndEquipment
133664
CY2024Q1 cwco Transfers From Prepaids To Property Plant And Equipment
TransfersFromPrepaidsToPropertyPlantAndEquipment
67136
CY2023Q1 cwco Transfers From Prepaids To Property Plant And Equipment
TransfersFromPrepaidsToPropertyPlantAndEquipment
91123
CY2023Q1 cwco Transfers From Prepaids To Inventory
TransfersFromPrepaidsToInventory
238032
CY2024Q1 us-gaap Nature Of Operations
NatureOfOperations
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;text-align:center;margin:0pt;"><span style="color:#0000ff;font-weight:normal;margin-bottom:12pt;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;text-align:center;margin:0pt;">CONSOLIDATED WATER CO. LTD.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;text-align:center;margin:0pt;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;text-align:center;margin:0pt 0pt 12pt 0pt;">(UNAUDITED)</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">1. Principal activity</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;">Consolidated Water Co. Ltd. and its subsidiaries (collectively, the “Company”) supply potable water, treat wastewater and water for reuse, and provide water-related products and services to customers in the Cayman Islands, The Bahamas, the United States and the British Virgin Islands. The Company produces potable water from seawater using reverse osmosis technology and sells this water to a variety of customers, including public utilities, commercial and tourist properties, residential properties and government facilities. The Company designs, constructs and sells water production and water treatment infrastructure and manages water infrastructure for commercial and governmental customers. The Company also manufactures a wide range of specialized and custom water industry related products and provides design, engineering, operating and other services applicable to commercial, municipal and industrial water production, supply and treatment.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><span style="color:#0000ff;visibility:hidden;">​</span></p>
CY2024Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
24197000
CY2023Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
25779000
CY2024Q1 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
5200000
CY2023Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
5100000
CY2024Q1 cwco Deposits Held In Foreign Bank
DepositsHeldInForeignBank
6900000
CY2024Q1 us-gaap Revenues
Revenues
39689390
CY2023Q1 us-gaap Revenues
Revenues
32868990
CY2024Q1 cwco Revenue Recognized From Current Period Increase In Contract Liability
RevenueRecognizedFromCurrentPeriodIncreaseInContractLiability
122712011
CY2023 cwco Revenue Recognized From Current Period Increase In Contract Liability
RevenueRecognizedFromCurrentPeriodIncreaseInContractLiability
108952682
CY2024Q1 cwco Contract With Customer Liability Amounts Billed To Date On Contracts In Progress
ContractWithCustomerLiabilityAmountsBilledToDateOnContractsInProgress
-113622422
CY2023 cwco Contract With Customer Liability Amounts Billed To Date On Contracts In Progress
ContractWithCustomerLiabilityAmountsBilledToDateOnContractsInProgress
-101724459
CY2024Q1 cwco Contract With Customer Retainage
ContractWithCustomerRetainage
8791564
CY2023 cwco Contract With Customer Retainage
ContractWithCustomerRetainage
8087823
CY2024Q1 cwco Contract With Customer Liability Revenue Recognized And Amounts Billed To Date On Contracts In Progress
ContractWithCustomerLiabilityRevenueRecognizedAndAmountsBilledToDateOnContractsInProgress
17881153
CY2023 cwco Contract With Customer Liability Revenue Recognized And Amounts Billed To Date On Contracts In Progress
ContractWithCustomerLiabilityRevenueRecognizedAndAmountsBilledToDateOnContractsInProgress
15316046
CY2024Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
23340495
CY2023Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
21553057
CY2024Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
5459342
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
6237011
CY2024Q1 cwco Contract With Customer Asset Liabilities Net Current
ContractWithCustomerAssetLiabilitiesNetCurrent
17881153
CY2023Q4 cwco Contract With Customer Asset Liabilities Net Current
ContractWithCustomerAssetLiabilitiesNetCurrent
15316046
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
152300000
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P1Y
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
15000000.0
CY2024Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
137300000
CY2023 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2800000
CY2024Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><b style="font-weight:bold;">Comparative amounts:</b> Certain amounts presented in the financial statements previously issued for 2023 have been reclassified to conform to the current period’s presentation.</p>
CY2024Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4
CY2024Q1 cwco Number Of Business Segments
NumberOfBusinessSegments
3
CY2024Q1 us-gaap Revenues
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CY2024Q1 us-gaap Cost Of Revenue
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CY2024Q1 us-gaap Gross Profit
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CY2024Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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CY2024Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2024Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
418184
CY2024Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
621696
CY2024Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
7110482
CY2024Q1 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
169068
CY2024Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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CY2024Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
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CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q1 us-gaap Revenues
Revenues
32868990
CY2023Q1 us-gaap Cost Of Revenue
CostOfRevenue
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CY2023Q1 us-gaap Gross Profit
GrossProfit
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CY2023Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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CY2023Q1 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
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CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2023Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4685395
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
449485
CY2023Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
4235910
CY2023Q1 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
163121
CY2023Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
4072789
CY2023Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-259163
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
3813626
CY2024Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
41764256
CY2024Q1 cwco Inventory Current And Noncurrent
InventoryCurrentAndNoncurrent
9186619
CY2024Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
23340495
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
54848748
CY2024Q1 cwco Construction In Progress
ConstructionInProgress
819420
CY2024Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3189092
CY2024Q1 us-gaap Goodwill
Goodwill
12861404
CY2024Q1 cwco Assets Continued Operation
AssetsContinuedOperation
201497028
CY2024Q1 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
21669155
CY2024Q1 us-gaap Assets
Assets
223166183
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
38226891
CY2023Q4 cwco Inventory Current And Noncurrent
InventoryCurrentAndNoncurrent
11090413
CY2023Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
21553057
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
55882521
CY2023Q4 cwco Construction In Progress
ConstructionInProgress
495471
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3353185
CY2023Q4 us-gaap Goodwill
Goodwill
12861404
CY2023Q4 cwco Assets Continued Operation
AssetsContinuedOperation
197096787
CY2023Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
21340805
CY2023Q4 us-gaap Assets
Assets
218437592
CY2024Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
6941414
CY2023Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
4072789
CY2024Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
4182
CY2023Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
2923
CY2024Q1 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
6937232
CY2023Q1 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
4069866
CY2024Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-467066
CY2023Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-259163
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
6470166
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3810703
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15828929
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15723595
CY2024Q1 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
44180
CY2023Q1 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
34383
CY2024Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
111439
CY2023Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
130050
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15984548
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15888028
CY2020Q2 cwco Number Of Days To Submit List Of Non Recoverable Expenses
NumberOfDaysToSubmitListOfNonRecoverableExpenses
P20D
CY2020Q2 cwco Number Of Days To Submit List Of Non Recoverable Expenses
NumberOfDaysToSubmitListOfNonRecoverableExpenses
P20D
CY2020Q2 cwco Number Of Days To Submit List Of Non Recoverable Expenses
NumberOfDaysToSubmitListOfNonRecoverableExpenses
P20D
CY2020Q2 cwco Number Of Days To Submit List Of Non Recoverable Expenses
NumberOfDaysToSubmitListOfNonRecoverableExpenses
P20D
CY2020Q3 cwco Discontinued Operations Non Recoverable Expenses
DiscontinuedOperationsNonRecoverableExpenses
51144525
CY2020Q3 cwco Discontinued Operations Non Recoverable Expenses
DiscontinuedOperationsNonRecoverableExpenses
137333114
CY2022Q1 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
137000000
CY2023Q3 cwco Bond Posted
BondPosted
1500000
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2052610
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2135446
CY2024Q1 cwco Operating Lease Right Of Use Asset Net
OperatingLeaseRightOfUseAssetNet
2080396
CY2023Q4 cwco Operating Lease Right Of Use Asset Net
OperatingLeaseRightOfUseAssetNet
2245987
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
381423
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
456865
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1735851
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1827302
CY2024Q1 cwco Operating Lease Liability Including Discontinued Operations
OperatingLeaseLiabilityIncludingDiscontinuedOperations
2117274
CY2023Q4 cwco Operating Lease Liability Including Discontinued Operations
OperatingLeaseLiabilityIncludingDiscontinuedOperations
2284167
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y1M6D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y1M6D
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0571
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0567
CY2024Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
205872
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
170378
CY2024Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
69709
CY2023Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
25346
CY2024Q1 cwco Operating Lease Costs Discontinued Operations
OperatingLeaseCostsDiscontinuedOperations
12120
CY2023Q1 cwco Operating Lease Costs Discontinued Operations
OperatingLeaseCostsDiscontinuedOperations
10786
CY2024Q1 us-gaap Lease Cost
LeaseCost
287701
CY2023Q1 us-gaap Lease Cost
LeaseCost
206510
CY2024Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
198504
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
180890
CY2023Q1 cwco Operating Lease Discontinued Operations Payments
OperatingLeaseDiscontinuedOperationsPayments
2732
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
380322
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
462990
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
379019
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
336597
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
341687
CY2024Q1 cwco Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
639929
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2540544
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
423270
CY2024Q1 cwco Operating Lease Liabilities Continuing Operations
OperatingLeaseLiabilitiesContinuingOperations
2117274
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
381423
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1735851
CY2024Q1 cwco Cayman Water Retail Operations Percentage Of Revenue
CaymanWaterRetailOperationsPercentageOfRevenue
0.22
CY2023Q1 cwco Cayman Water Retail Operations Percentage Of Revenue
CaymanWaterRetailOperationsPercentageOfRevenue
0.24
CY2024Q1 cwco Cayman Water Retail Operations Percentage Of Gross Profit
CaymanWaterRetailOperationsPercentageOfGrossProfit
0.37
CY2023Q1 cwco Cayman Water Retail Operations Percentage Of Gross Profit
CaymanWaterRetailOperationsPercentageOfGrossProfit
0.40
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.075
CY2024Q1 cwco Percentage Of Delinquent Accounts Receivable Balance
PercentageOfDelinquentAccountsReceivableBalance
0.79
CY2023Q4 cwco Percentage Of Delinquent Accounts Receivable Balance
PercentageOfDelinquentAccountsReceivableBalance
0.80
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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0001558370-24-008284.txt Edgar Link pending
0001558370-24-008284-xbrl.zip Edgar Link pending
cwco-20240331.xsd Edgar Link pending
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