XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.3
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
CONSOLIDATED STATEMENTS OF INCOME        
Revenue $ 33,390,557 $ 49,854,075 $ 105,559,105 $ 126,960,328
Cost of revenue 21,755,899 33,239,647 68,426,210 84,323,269
Gross profit 11,634,658 16,614,428 37,132,895 42,637,059
General and administrative expenses 6,955,969 5,872,490 20,126,292 17,894,067
Gain (loss) on asset dispositions and impairments, net 201,582   198,452 6,916
Income (loss) from operations 4,880,271 10,741,938 17,205,055 24,749,908
Other income (expense):        
Interest income 626,801 196,567 1,341,797 396,348
Interest expense (32,801) (34,020) (99,740) (108,111)
Profit-sharing income from OC-BVI 20,250 12,150 52,650 38,475
Equity in the earnings of OC-BVI 53,370 37,182 147,333 108,012
Other 56,420 24,187 118,610 87,532
Other income, net 724,040 236,066 1,560,650 522,256
Income before income taxes 5,604,311 10,978,004 18,765,705 25,272,164
Provision for income taxes 490,209 1,976,453 2,175,838 4,366,005
Net income from continuing operations 5,114,102 9,001,551 16,589,867 20,906,159
Income from continuing operations attributable to non-controlling interests 156,784 163,428 448,724 463,775
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders 4,957,318 8,838,123 16,141,143 20,442,384
Net loss from discontinued operations (502,854) (232,994) 10,637,926 (699,858)
Net income attributable to Consolidated Water Co. Ltd. stockholders $ 4,454,464 $ 8,605,129 $ 26,779,069 $ 19,742,526
Basic earnings (loss) per common share attributable to Consolidated Water Co. Ltd. common stockholders        
Continuing operations $ 0.31 $ 0.56 $ 1.02 $ 1.30
Discontinued operations (0.03) (0.01) 0.67 (0.05)
Basic earnings per share 0.28 0.55 1.69 1.25
Diluted earnings (loss) per common share attributable to Consolidated Water Co. Ltd. common stockholders        
Continuing operations 0.31 0.55 1.01 1.28
Discontinued operations (0.03) (0.01) 0.67 (0.04)
Diluted earnings per share 0.28 0.54 1.68 1.24
Dividends declared per common and redeemable preferred shares $ 0.11 $ 0.095 $ 0.30 $ 0.265
Weighted average number of common shares used in the determination of:        
Basic earnings per share 15,833,715 15,742,854 15,830,599 15,734,234
Diluted earnings per share 15,989,601 15,928,604 15,986,019 15,909,725