Consolidated Water Co. Ltd. Q2 2024 10-Q Filing

TL;DR

CWCO Q2 10-Q: Assets $158.3M, Liabilities $15.8M. Steady operations.

AI Summary

Consolidated Water Co. Ltd. filed its 10-Q for the period ending June 30, 2024. The company reported total assets of $158.3 million and total liabilities of $15.8 million for the nine months ended June 30, 2024. This filing provides an update on the company's financial performance and position.

Why It Matters

This filing provides investors with the latest financial snapshot of Consolidated Water Co. Ltd., crucial for understanding its operational performance and financial health.

Risk Assessment

Risk Level: low — The filing is a routine quarterly report and does not indicate any immediate or significant new risks.

Key Numbers

• $158.3B — Total Assets (As of June 30, 2024 (nine months ended))
• $15.8B — Total Liabilities (As of June 30, 2024 (nine months ended))

Key Players & Entities

• Consolidated Water Co. Ltd. (company) — Filer of the 10-Q
• 20240630 (date) — End of reporting period
• $158,295,720 (dollar_amount) — Total assets for the nine months ended June 30, 2024
• $15,771,545 (dollar_amount) — Total liabilities for the nine months ended June 30, 2024

FAQ

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-20240630x10q.htm (10-Q) — 1783KB
• cwco-20240630xex31d1.htm (EX-31.1) — 11KB
• cwco-20240630xex31d2.htm (EX-31.2) — 11KB
• cwco-20240630xex32d1.htm (EX-32.1) — 6KB
• cwco-20240630xex32d2.htm (EX-32.2) — 6KB
• 0001558370-24-012242.txt ( ) — 8271KB
• cwco-20240630.xsd (EX-101.SCH) — 42KB
• cwco-20240630_cal.xml (EX-101.CAL) — 69KB
• cwco-20240630_def.xml (EX-101.DEF) — 187KB
• cwco-20240630_lab.xml (EX-101.LAB) — 316KB
• cwco-20240630_pre.xml (EX-101.PRE) — 283KB
• cwco-20240630x10q_htm.xml (XML) — 1862KB

Financial Statements

Financial Statements 4 Condensed Consolidated Balance Sheets as of June 30, 2024 (Unaudited) and December 31, 2023 4 Condensed Consolidated Statements of Income (Unaudited) for the Three and Six Months Ended June 30, 2024 and 2023 5 Condensed Consolidated Statements of Stockholders' Equity (Unaudited) for the Three and Six Months Ended June 30, 2024 and 2023 6 Condensed Consolidated Statements of Cash Flows (Unaudited) for the Six Months Ended June 30, 2024 and 2023 8 Notes to Condensed Consolidated Financial Statements (Unaudited) 9 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 24 Item 3

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 37 Item 4

Controls and Procedures

Controls and Procedures 37 PART II OTHER INFORMATION 38 Item 1A

Risk Factors

Risk Factors 38 Ite m 2 Unregistered Sales of Equity Securities and Use of Proceeds 39 Item 5 Other Information 40 Item 6 Exhibits 40

SIGNATURES

SIGNATURES 41 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 June 30, December 31, 2024 2023 (Unaudited) ASSETS Current assets Cash and cash equivalents $ 96,670,206 $ 42,621,898 Accounts receivable, net 39,664,848 38,226,891 Inventory 4,561,374 6,044,642 Prepaid expenses and other current assets 2,945,174 4,056,370 Contract assets 5,413,780 21,553,057 Current assets of discontinued operations 1,503,473 211,517 Total current assets 150,758,855 112,714,375 Property, plant and equipment, net 54,368,951 55,882,521 Construction in progress 1,245,998 495,471 Inventory, noncurrent 4,999,102 5,045,771 Investment in OC-BVI 1,311,271 1,412,158 Goodwill 12,861,404 12,861,404 Intangible assets, net 3,025,000 3,353,185 Operating lease right-of-use assets 3,532,430 2,135,446 Other assets 3,058,949 3,407,973 Long-term assets of discontinued operations — 21,129,288 Total assets $ 235,161,960 $ 218,437,592 LIABILITIES AND EQUITY Current liabilities Accounts payable, accrued expenses and other current liabilities $ 8,100,744 $ 11,604,369 Accrued compensation 2,759,353 3,160,030 Dividends payable 1,559,669 1,572,655 Current maturities of operating leases 618,705 456,865 Current portion of long-term debt 170,867 192,034 Contract liabilities 5,710,398 6,237,011 Deferred revenue 217,618 317,017 Current liabilities of discontinued operations 393,237 364,665 Total current liabilities 19,530,591 23,904,646 Long-term debt, noncurrent 115,033 191,190 Deferred tax liabilities 383,075 530,780 Noncurrent operating leases 2,949,303 1,827,302 Other liabilities 153,000 153,000 Deferred revenue 29,459 — Total liabilities 23,160,461 26,606,918 Commitments and contingencies Equity Consolidated Water Co. Ltd. stockholders' equity Redeemable preferred stock, $ 0.60 par value.

View Full Filing

View this 10-Q filing on SEC EDGAR