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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net income attributable to Consolidated Water Co. Ltd. stockholders $ 6,474,348 $ 3,813,626
Income from Continuing Operations Attributable to Non-Controlling Interests 169,068 163,121
Net income 6,643,416 3,976,747
Adjustments to reconcile net income to net cash provided by operating activities    
Foreign currency transaction adjustment - discontinued operations (959) (1,344)
Loss from discontinued operations 468,025 260,507
Depreciation and amortization 1,674,699 1,594,078
Deferred income tax benefit (446,849) (37,651)
Provision for credit losses 177,849 (26,873)
Compensation expense relating to stock and stock option grants 279,875 463,893
Gain on Asset Dispositions and Impairments, Net   (5,915)
Profit-sharing and equity in earnings of OC-BVI (77,566) (49,733)
Distribution of earnings from OC-BVI 227,250 303,000
Accounts receivable (3,715,214) (2,475,548)
Contract assets (1,787,438) (3,213,865)
Inventory 1,746,438 (3,382,870)
Prepaid expenses and other assets 1,275,345 108,131
Accounts payable (including related parties), accrued expenses and other current liabilities 721,635 1,474,583
Contract liabilities (777,669) 6,695,239
Operating lease liabilities (1,302) (1,300)
Deferred revenue (55,775) (9,569)
Net cash provided by operating activities - continuing operations 6,351,760 5,671,510
Net cash used in operating activities - discontinued operations (401,758) (324,965)
Net cash provided by operating activities 5,950,002 5,346,545
Cash flows from investing activities    
Additions to property, plant and equipment and construction in progress (531,452) (1,381,796)
Proceeds from asset dispositions   15,944
Purchase of non-controlling interest in PERC   (2,440,027)
Net cash used in investing activities (531,452) (3,805,879)
Cash flows from financing activities    
Dividends paid to common shareholders (1,500,449) (1,303,974)
Dividends paid to preferred shareholders (4,208) (2,922)
Buyback of redeemable preferred stock (2,890)  
Principal repayments on long-term debt (50,018) (27,218)
Net cash used in financing activities (1,557,565) (1,334,114)
Net increase (decrease) in cash and cash equivalents 3,860,985 206,552
Cash and cash equivalents at beginning of period 42,621,898 50,711,751
Cash and cash equivalents at beginning of period - discontinued operations 91,283 442,252
Less: cash and cash equivalents at end of period - discontinued operations (396,525) (256,287)
Cash and cash equivalents at end of period 46,177,641 51,104,268
Non-cash transactions:    
Issuance of 57,384 and 44,873, respectively, shares of common stock for services rendered 730,524 621,811
Dividends declared but not paid 1,507,931 1,342,695
Issuance of 0 and 368,383, respectively, shares of common stock for the purchase of non-controlling interest in PERC   5,359,973
Transfers from inventory to property, plant and equipment and construction in progress 157,356 61,665
Transfers from construction in progress to property, plant and equipment 184,402 133,664
Transfers from prepaids to property, plant and equipment $ 67,136 91,123
Transfers from prepaids to inventory   $ 238,032