XML 34 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Retail revenues $ 6,152,185 $ 6,499,257 $ 12,287,823 $ 12,612,218
Bulk revenues 8,187,273 9,966,194 16,569,589 19,925,930
Services revenues 146,211 466,381 294,369 742,294
Total revenues 14,485,669 16,931,832 29,151,781 33,280,442
Cost of retail revenues 2,771,598 3,119,483 5,648,386 6,050,859
Cost of bulk revenues 5,633,381 6,895,914 11,082,893 14,007,459
Cost of services revenues 212,748 546,389 497,635 881,653
Total cost of revenues 8,617,727 10,561,786 17,228,914 20,939,971
Gross profit 5,867,942 6,370,046 11,922,867 12,340,471
General and administrative expenses 3,564,222 3,781,161 7,363,811 9,123,794
Income from operations 2,303,720 2,588,885 4,559,056 3,216,677
Other income (expense):        
Interest income 258,201 366,772 491,783 539,704
Interest expense (67,929) (47,530) (137,461) (343,268)
Profit sharing income from OC-BVI 22,275 30,375 48,600 50,625
Equity in earnings of OC-BVI 62,668 85,840 137,823 140,329
Impairment of investment in OC-BVI (275,000) 0 (585,000) 0
Other 27,980 (117,804) (147,107) 80,493
Other income (expense), net 28,195 317,653 (191,362) 467,883
Net income 2,331,915 2,906,538 4,367,694 3,684,560
Income attributable to non-controlling interests 103,815 146,845 218,333 269,958
Net income attributable to Consolidated Water Co. Ltd. stockholders $ 2,228,100 $ 2,759,693 $ 4,149,361 $ 3,414,602
Basic earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders (in dollars per share) $ 0.15 $ 0.19 $ 0.28 $ 0.23
Diluted earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders (in dollars per share) 0.15 0.19 0.28 0.23
Dividends declared per common share (in dollars per share) $ 0.075 $ 0.075 $ 0.15 $ 0.15
Weighted average number of common shares used in the determination of:        
Basic earnings per share (in shares) 14,736,057 14,698,499 14,727,455 14,692,654
Diluted earnings per share (in shares) 14,793,298 14,760,159 14,780,269 14,764,058