XML 34 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Retail water revenues $ 5,869,254 $ 6,554,876 $ 12,435,382 $ 12,928,391
Bulk water revenues 10,212,669 7,774,643 20,281,886 14,941,480
Services revenues 148,856 506,353 242,238 872,621
Total revenues 16,230,779 14,835,872 32,959,506 28,742,492
Cost of retail revenues 2,885,657 3,072,727 5,928,405 5,953,601
Cost of bulk revenues 7,868,487 6,330,567 15,523,939 11,932,934
Cost of services revenues 71,225 181,373 153,903 354,196
Total cost of revenues 10,825,369 9,584,667 21,606,247 18,240,731
Gross profit 5,405,410 5,251,205 11,353,259 10,501,761
General and administrative expenses 3,442,283 3,180,879 6,956,968 6,973,294
Income from operations 1,963,127 2,070,326 4,396,291 3,528,467
Other income (expense):        
Interest income 235,460 314,292 450,890 661,951
Interest expense (206,815) (343,913) (590,450) (694,285)
Other income 44,032 77,593 155,167 141,544
Equity in earnings of OC-BVI 44,823 88,978 101,761 632,472
Other income (expense), net 117,500 136,950 117,368 741,682
Net income 2,080,627 2,207,276 4,513,659 4,270,149
Income attributable to non-controlling interests 123,135 277,614 213,501 347,477
Net income attributable to Consolidated Water Co. Ltd. stockholders $ 1,957,492 $ 1,929,662 $ 4,300,158 $ 3,922,672
Basic earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders (in dollar per share) $ 0.13 $ 0.13 $ 0.29 $ 0.27
Diluted earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders (in dollar per share) $ 0.13 $ 0.13 $ 0.29 $ 0.27
Dividends declared per common share (in dollar per share) $ 0.075 $ 0.075 $ 0.150 $ 0.150
Weighted average number of common shares used in the determination of:        
Basic earnings per share (in shares) 14,579,496 14,558,937 14,574,689 14,557,606
Diluted earnings per share (in shares) 14,603,852 14,595,085 14,598,054 14,597,043