XML 15 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Retail revenues $ 5,570,654 $ 5,447,200 $ 18,111,274 $ 17,710,271
Bulk revenues 7,881,464 7,429,732 23,615,787 22,136,086
Services revenues 111,302 125,929 360,758 710,576
Manufacturing revenues 3,008,783 1,382,492 5,444,678 3,261,827
Total revenues 16,572,203 14,385,353 47,532,497 43,818,760
Cost of retail revenues 2,488,441 2,464,841 7,895,617 7,779,831
Cost of bulk revenues 5,582,401 4,922,162 15,750,402 14,345,747
Cost of services revenues 114,667 168,577 320,586 638,389
Cost of manufacturing revenues 2,078,888 910,450 3,967,945 2,366,060
Total cost of revenues 10,264,397 8,466,030 27,934,550 25,130,027
Gross profit 6,307,806 5,919,323 19,597,947 18,688,733
General and administrative expenses 4,896,323 4,528,679 14,695,184 13,925,439
Impairment loss on long-lived assets 578,480 2,000,000 1,578,480 2,000,000
Impairment of goodwill 0 1,750,000 0 1,750,000
Income (loss) from operations 833,003 (2,359,356) 3,324,283 1,013,294
Other income (expense):        
Interest income 70,741 137,806 301,813 514,532
Interest expense (1,016) (1,246) (11,178) (95,615)
Profit sharing income from OC-BVI 36,450 38,475 46,575 87,075
Equity in the earnings of OC-BVI 138,913 101,301 127,955 232,523
Impairment loss on investment in OC-BVI 0 (875,000) 0 (925,000)
Net unrealized gain (loss) on put/call options 171,000 (275,000) 323,000 (275,000)
Other 31,206 110,968 83,791 507,183
Other income (expense), net 447,294 (762,696) 871,956 45,698
Income (loss) before income taxes 1,280,297 (3,122,052) 4,196,239 1,058,992
Provision for (benefit from) income taxes (136,447) (146,198) (412,592) (389,860)
Net income (loss) 1,416,744 (2,975,854) 4,608,831 1,448,852
Income (loss) attributable to non-controlling interests 255,605 (1,110,522) 191,916 (944,790)
Net income (loss) attributable to Consolidated Water Co. Ltd. stockholders $ 1,161,139 $ (1,865,332) $ 4,416,915 $ 2,393,642
Basic earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders $ 0.08 $ (0.13) $ 0.30 $ 0.16
Diluted earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders 0.08 (0.13) 0.29 0.16
Dividends declared per common share $ 0.075 $ 0.075 $ 0.225 $ 0.225
Weighted average number of common shares used in the determination of:        
Basic earnings per share 14,898,246 14,815,248 14,886,738 14,803,216
Diluted earnings per share 15,072,142 14,852,967 15,054,343 14,940,635