XML 51 R22.htm IDEA: XBRL DOCUMENT
v3.19.3

Segment information (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2019
Segment information |
Schedule of Segment Reporting Information, by Segment | The Company’s segments are strategic business units that are managed separately because each segment sells different products and/or services, serves customers with distinctly different needs and generates different gross profit margins.
|  | Three Months Ended September 30, 2019
|  | Retail |  | Bulk |  | Services |  | Manufacturing |  | Total
Revenue |  | $ | 6,271,220 |  | $ | 6,449,757 |  | $ | 95,980 |  | $ | 3,072,282 |  | $ | 15,889,239
Cost of revenue |  |  | 2,945,586 |  |  | 4,269,739 |  |  | 31,601 |  |  | 1,933,333 |  |  | 9,180,259
Gross profit |  |  | 3,325,634 |  |  | 2,180,018 |  |  | 64,379 |  |  | 1,138,949 |  |  | 6,708,980
General and administrative expenses |  |  | 3,497,320 |  |  | 294,189 |  |  | 546,204 |  |  | 487,914 |  |  | 4,825,627
Gain on asset dispositions and impairments, net |  |  | 6,518 |  |  | 500 |  |  | — |  |  | — |  |  | 7,018
Income (loss) from operations |  | $ | (165,168) |  | $ | 1,886,329 |  | $ | (481,825) |  | $ | 651,035 |  |  | 1,890,371
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 229,841
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,120,212
Benefit from income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (40,075)
Net income from continuing operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,160,287
Income from continuing operations attributable to non-controlling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 433,235
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,727,052
Total income from discontinued operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  | —
Net income attributable to Consolidated Water Co. Ltd. stockholders |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 1,727,052
Depreciation and amortization expenses for the three months ended September 30, 2019 for the retail, bulk, services and manufacturing segments were $617,671, $933,955, $1,136 and $214,751, respectively.
|  | Three Months Ended September 30, 2018
|  | Retail |  | Bulk |  | Services |  | Manufacturing |  | Total
Revenue |  | $ | 6,185,558 |  | $ | 7,806,552 |  | $ | 807,424 |  | $ | 3,253,750 |  | $ | 18,053,284
Cost of revenue |  |  | 2,750,599 |  |  | 5,289,151 |  |  | 682,713 |  |  | 2,205,830 |  |  | 10,928,293
Gross profit |  |  | 3,434,959 |  |  | 2,517,401 |  |  | 124,711 |  |  | 1,047,920 |  |  | 7,124,991
General and administrative expenses |  |  | 2,967,187 |  |  | 366,532 |  |  | 846,258 |  |  | 627,102 |  |  | 4,807,079
(Loss) on asset dispositions and impairments, net |  |  | (9,084) |  |  | — |  |  | — |  |  | (3,331) |  |  | (12,415)
Income (loss) from operations |  | $ | 458,688 |  | $ | 2,150,869 |  | $ | (721,547) |  | $ | 417,487 |  |  | 2,305,497
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,326,768
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4,632,265
Provision for income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 12,659
Net income from continuing operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4,619,606
Income from continuing operations attributable to non-controlling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 310,579
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 4,309,027
Total income from discontinued operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 243,362
Net income attributable to Consolidated Water Co. Ltd. stockholders |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 4,552,389
Depreciation and amortization expenses for the three months ended September 30, 2018 for the retail, bulk, services and manufacturing segments were $498,663, $790,970, $7,638 and $399,987, respectively.
|  | Nine Months Ended September 30, 2019 |  |
|  | Retail |  | Bulk |  | Services |  | Manufacturing |  | Total
Revenue |  | $ | 19,941,395 |  | $ | 20,502,121 |  | $ | 287,349 |  | $ | 10,452,158 |  | $ | 51,183,023
Cost of revenue |  |  | 8,753,948 |  |  | 13,992,452 |  |  | 198,614 |  |  | 7,013,977 |  |  | 29,958,991
Gross profit |  |  | 11,187,447 |  |  | 6,509,669 |  |  | 88,735 |  |  | 3,438,181 |  |  | 21,224,032
General and administrative expenses |  |  | 10,020,019 |  |  | 900,572 |  |  | 1,811,971 |  |  | 1,466,091 |  |  | 14,198,653
Gain on asset dispositions and impairments, net |  |  | 401,088 |  |  | 47,000 |  |  | — |  |  | — |  |  | 448,088
Income (loss) from operations |  | $ | 1,568,516 |  | $ | 5,656,097 |  | $ | (1,723,236) |  | $ | 1,972,090 |  |  | 7,473,467
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 540,264
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 8,013,731
Provision for income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 73,117
Net income from continuing operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 7,940,614
Income from continuing operations attributable to non-controlling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,172,039
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 6,768,575
Net income from discontinued operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,621,170
Net income attributable to Consolidated Water Co. Ltd. stockholders |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 10,389,745
Depreciation and amortization expenses for the nine months ended September 30, 2019 for the retail, bulk, services and manufacturing segments were $1,751,048, $2,858,081, $3,409 and $707,517, respectively.
|  | Nine Months Ended September 30, 2018
|  | Retail |  | Bulk |  | Services |  | Manufacturing |  | Total
Revenue |  | $ | 18,884,929 |  | $ | 22,934,036 |  | $ | 1,054,100 |  | $ | 4,798,948 |  | $ | 47,672,013
Cost of revenue |  |  | 8,234,803 |  |  | 15,736,936 |  |  | 921,653 |  |  | 3,300,370 |  |  | 28,193,762
Gross profit |  |  | 10,650,126 |  |  | 7,197,100 |  |  | 132,447 |  |  | 1,498,578 |  |  | 19,478,251
General and administrative expenses |  |  | 8,926,550 |  |  | 961,266 |  |  | 2,162,632 |  |  | 1,865,311 |  |  | 13,915,759
(Loss) on asset dispositions and impairments, net |  |  | (11,074) |  |  | — |  |  | — |  |  | (3,331) |  |  | (14,405)
Income (loss) from operations |  | $ | 1,712,502 |  | $ | 6,235,834 |  | $ | (2,030,185) |  | $ | (370,064) |  |  | 5,548,087
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,786,397
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 8,334,484
Benefit from income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (113,607)
Net income from continuing operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 8,448,091
Income from continuing operations attributable to non-controlling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 484,778
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 7,963,313
Net income from discontinued operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 869,794
Net income attributable to Consolidated Water Co. Ltd. stockholders |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 8,833,107
Depreciation and amortization expenses for the nine months ended September 30, 2018 for the retail, bulk, services and manufacturing segments were $1,506,292, $2,318,007, $22,915, and $1,198,707, respectively.
|  | As of September 30, 2019
|  | Retail |  | Bulk |  | Services |  | Manufacturing |  | Total
Accounts receivable, net |  | $ | 2,447,446 |  | $ | 16,598,862 |  | $ | 1,440,306 |  | $ | 2,468,587 |  | $ | 22,955,201
Property, plant and equipment, net |  | $ | 29,430,224 |  | $ | 31,153,615 |  | $ | 11,364 |  | $ | 1,510,978 |  | $ | 62,106,181
Construction in progress |  | $ | 367,533 |  | $ | 522,814 |  | $ | — |  | $ | 35,223 |  | $ | 925,570
Intangibles, net |  | $ | — |  | $ | — |  | $ | — |  | $ | 1,331,111 |  | $ | 1,331,111
Goodwill |  | $ | 1,170,511 |  | $ | 1,948,875 |  | $ | — |  | $ | 4,885,211 |  | $ | 8,004,597
Land and rights of way held for development |  | $ | — |  | $ | — |  | $ | 24,161,024 |  | $ | — |  | $ | 24,161,024
Total segment assets |  | $ | 64,676,232 |  | $ | 69,650,381 |  | $ | 33,278,394 |  | $ | 15,172,838 |  | $ | 182,777,845
|  | As of December 31, 2018
|  | Retail |  | Bulk |  | Services |  | Manufacturing |  | Total
Accounts receivable, net |  | $ | 2,947,193 |  | $ | 18,480,589 |  | $ | 1,812,838 |  | $ | 987,475 |  | $ | 24,228,095
Property, plant and equipment, net |  | $ | 24,435,501 |  | $ | 32,820,908 |  | $ | 14,772 |  | $ | 1,609,637 |  | $ | 58,880,818
Construction in progress |  | $ | 5,437,093 |  | $ | 574,659 |  | $ | 3,291 |  | $ | — |  | $ | 6,015,043
Intangibles, net |  | $ | — |  | $ | — |  | $ | — |  | $ | 1,891,667 |  | $ | 1,891,667
Goodwill |  | $ | 1,170,511 |  | $ | 1,948,875 |  | $ | — |  | $ | 4,885,211 |  | $ | 8,004,597
Land and rights of way held for development |  | $ | — |  | $ | — |  | $ | 24,161,024 |  | $ | — |  | $ | 24,161,024
Total segment assets |  | $ | 61,210,879 |  | $ | 67,740,088 |  | $ | 27,406,983 |  | $ | 12,254,121 |  | $ | 168,612,071
Assets of discontinued operations |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 3,903,527
Total assets |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 172,515,598

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration