Consolidated Water Co. Ltd. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>Consolidated Water Co. Ltd. has submitted its Q1 2024 10-Q filing, providing a detailed financial overview for the period.</b>

AI Summary

Consolidated Water Co. Ltd. (CWCO) filed a Quarterly Report (10-Q) with the SEC on May 15, 2024. Consolidated Water Co. Ltd. filed its 10-Q report for the period ending March 31, 2024. The filing details financial information for the first quarter of 2024. Key financial statement components such as common stock, retained earnings, and additional paid-in capital are reported. Revenue segments including Services Revenues, Retail Revenues, Operations and Maintenance, Manufacturing Revenues, Design and Consulting Services, Construction Services, and Bulk Revenues are detailed. The report covers financial data for the periods ending March 31, 2024, December 31, 2023, March 31, 2023, and December 31, 2022.

Why It Matters

For investors and stakeholders tracking Consolidated Water Co. Ltd., this filing contains several important signals. This 10-Q filing provides investors with the latest financial performance data for Consolidated Water Co. Ltd., enabling informed investment decisions. The detailed breakdown of revenue segments and balance sheet items allows for a comprehensive understanding of the company's operational and financial health.

Risk Assessment

Risk Level: low — Consolidated Water Co. Ltd. shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain unusual or high-risk disclosures.

Analyst Insight

Review the detailed revenue segment performance and compare it to previous periods to identify growth trends or potential challenges.

Revenue Breakdown

Key Numbers

• 2024-03-31 — Reporting Period End Date (Conformed Period of Report)
• 2024-05-15 — Filing Date (Filed as of date)

Key Players & Entities

• Consolidated Water Co. Ltd. (company) — Filer
• 2024-03-31 (date) — Conformed Period of Report
• 2024-05-15 (date) — Filed as of date
• 0000928340 (company) — Central Index Key
• GRAND CAYMAN (location) — Business Address City
• 345-945-4277 (phone) — Business Phone

FAQ

Industry Context

Consolidated Water Co. Ltd. operates in the water utility sector, providing essential water and wastewater services.

Regulatory Implications

The company is subject to regulatory oversight typical for utility providers in its operating jurisdictions.

What Investors Should Do

1. Analyze the year-over-year and quarter-over-quarter changes in each revenue segment.
2. Examine the balance sheet for changes in assets, liabilities, and equity.
3. Review any management discussion and analysis (MD&A) sections for qualitative insights into performance.

Year-Over-Year Comparison

This is the initial filing analyzed for the specified period; no prior filing data is available for comparison within this analysis.

Key Financial Figures

• $0.60 — hich registered Class A Common Stock , $0.60 par value CWCO The Nasdaq Global Se
• $ — n of Cayman Island dollars (CI$) into US$, as determined by the Cayman Islands Mo
• $1.20 — y, has been fixed since April 1974 at US$1.20 per CI$1.00. The exchange rate for con
• $1.00 — fixed since April 1974 at US$1.20 per CI$1.00. The exchange rate for conversion of B

Filing Documents

• cwco-20240331x10q.htm (10-Q) — 1351KB
• cwco-20240331xex31d1.htm (EX-31.1) — 11KB
• cwco-20240331xex31d2.htm (EX-31.2) — 11KB
• cwco-20240331xex32d1.htm (EX-32.1) — 6KB
• cwco-20240331xex32d2.htm (EX-32.2) — 6KB
• 0001558370-24-008284.txt (&nbsp;) — 6703KB
• cwco-20240331.xsd (EX-101.SCH) — 42KB
• cwco-20240331_cal.xml (EX-101.CAL) — 65KB
• cwco-20240331_def.xml (EX-101.DEF) — 180KB
• cwco-20240331_lab.xml (EX-101.LAB) — 302KB
• cwco-20240331_pre.xml (EX-101.PRE) — 271KB
• cwco-20240331x10q_htm.xml (XML) — 1321KB

Financial Statements

Financial Statements 4 Condensed Consolidated Balance Sheets as of March 31, 2024 (Unaudited) and December 31, 2023 4 Condensed Consolidated Statements of Income (Unaudited) for the Three Months Ended March 31, 2024 and 2023 5 Condensed Consolidated Statements of Stockholders' Equity (Unaudited) for the Three Months Ended March 31, 2024 and 2023 6 Condensed Consolidated Statements of Cash Flows (Unaudited) for the Three Months Ended March 31, 2024 and 2023 7 Notes to Condensed Consolidated Financial Statements (Unaudited) 8 Item 2

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 23 Item 3

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 34 Item 4

Controls and Procedures

Controls and Procedures 34 PART II OTHER INFORMATION 35 Item 1

Legal Proceedings

Legal Proceedings 35 Item 1A

Risk Factors

Risk Factors 36 Ite m 2 Unregistered Sales of Equity Securities and Use of Proceeds 38 Item 5 Other Information 38 Item 6 Exhibits 38

SIGNATURES

SIGNATURES 39 2 Table of Contents Note Regarding Currency and Exchange Rates Unless otherwise indicated, all references to "

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS CONSOLIDATED WATER CO. LTD. CONDENSED CONSOLIDATED BALANCE SHEETS March 31, December 31, 2024 2023 (Unaudited) ASSETS Current assets Cash and cash equivalents $ 46,177,641 $ 42,621,898 Accounts receivable, net 41,764,256 38,226,891 Inventory 4,181,593 6,044,642 Prepaid expenses and other current assets 2,766,319 4,056,370 Contract assets 23,340,495 21,553,057 Current assets of discontinued operations 542,257 211,517 Total current assets 118,772,561 112,714,375 Property, plant and equipment, net 54,848,748 55,882,521 Construction in progress 819,420 495,471 Inventory, noncurrent 5,005,026 5,045,771 Investment in OC-BVI 1,262,474 1,412,158 Goodwill 12,861,404 12,861,404 Intangible assets, net 3,189,092 3,353,185 Operating lease right-of-use assets 2,052,610 2,135,446 Other assets 3,227,950 3,407,973 Long-term assets of discontinued operations 21,126,898 21,129,288 Total assets $ 223,166,183 $ 218,437,592 LIABILITIES AND EQUITY Current liabilities Accounts payable, accrued expenses and other current liabilities $ 11,148,185 $ 11,604,369 Accrued compensation 4,337,849 3,160,030 Dividends payable 1,578,080 1,572,655 Current maturities of operating leases 381,423 456,865 Current portion of long-term debt 183,382 192,034 Contract liabilities 5,459,342 6,237,011 Deferred revenue 261,242 317,017 Current liabilities of discontinued operations 453,081 364,665 Total current liabilities 23,802,584 23,904,646 Long-term debt, noncurrent 149,824 191,190 Deferred tax liabilities 83,931 530,780 Noncurrent operating leases 1,735,851 1,827,302 Other liabilities 153,000 153,000 Total liabilities 25,925,190 26,606,918 Commitments and contingencies Equity Consolidated Water Co. Ltd. stockholders' equity Redeemable preferred stock, $ 0.60 par value. Authorized 200,000 share

View Full Filing

View this 10-Q filing on SEC EDGAR