Canadian Solar Inc.
Canadian Solar Inc., together with its subsidiaries, designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power and battery storage products in Asia, the Americas, Europe, and internationally. The company opera…
Solar
CA, Guelph [HQ]
CSIQ/Financial Reporting
Income Statements
15 Sheets · Starting from 2023In Million USD. Margins, Growth Rates In %
| Metric | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 663.00 | 1,495.00 | 1,898.00 | 1,294.00 | 1,654.00 | 2,960.00 | 3,467.00 | 2,853.00 | 3,390.00 | 3,744.00 | 3,200.00 | 3,476.00 | 5,277.00 | 7,468.00 | 7,613.00 | |
|
EPS
|
0.61 | 1.18 | -2.11 | -4.53 | 0.68 | 4.40 | 3.08 | 1.13 | 1.71 | 3.88 | 2.88 | 2.46 | 1.55 | 3.73 | 4.19 | |
| Diluted in mil. | 0.60 | 1.16 | -2.11 | -4.53 | 0.63 | 4.11 | 2.93 | 1.12 | 1.69 | 3.81 | 2.84 | 2.38 | 1.46 | 3.44 | 3.87 | |
|
Profit
|
98.00 | 228.00 | 182.00 | 90.00 | 275.00 | 580.00 | 576.00 | 417.00 | 637.00 | 775.00 | 718.00 | 689.00 | 909.00 | 1,263.00 | 1,279.00 | |
| Gross Margin | 14.79 | 15.30 | 9.60 | 6.98 | 16.66 | 19.62 | 16.63 | 14.62 | 18.81 | 20.70 | 22.45 | 19.85 | 17.23 | 16.91 | 16.81 | |
| Pre Tax | 57.00 | 67.00 | -74.00 | -198.00 | 56.00 | 320.00 | 223.00 | 87.00 | 134.00 | 298.00 | 179.00 | 134.00 | 138.00 | 356.00 | 408.00 | |
| Profit Margin | 8.69 | 4.52 | -3.92 | -15.34 | 3.40 | 10.84 | 6.44 | 3.07 | 3.97 | 7.97 | 5.61 | 3.87 | 2.62 | 4.77 | 5.37 | |
| ETR | 7.69 | 24.79 | -22.24 | 2.74 | 13.58 | 24.13 | 22.16 | 20.51 | 30.44 | 20.76 | 23.41 | -1.47 | 25.89 | 20.58 | 14.56 | |
| Net | 53.00 | 50.00 | -90.00 | -195.00 | 31.00 | 239.00 | 171.00 | 65.00 | 99.00 | 237.00 | 171.00 | 146.00 | 95.00 | 239.00 | 274.00 | |
| Profit Margin | 8.00 | 3.38 | -4.78 | -15.10 | 1.91 | 8.09 | 4.96 | 2.29 | 2.94 | 6.33 | 5.36 | 4.22 | 1.80 | 3.21 | 3.60 | |
| EBITDA | 49.00 | 124.00 | 15.00 | -129.00 | 143.00 | 382.00 | 264.00 | 103.00 | 279.00 | 375.00 | 270.00 | 229.00 | 201.00 | 396.00 | 806.00 | |
| EBITDA Margin | 7.47 | 8.32 | 0.80 | -9.97 | 8.66 | 12.91 | 7.63 | 3.62 | 8.25 | 10.04 | 8.46 | 6.61 | 3.82 | 5.31 | 10.60 | |
| Operating Income | 42.00 | 120.00 | 6.00 | -142.00 | 130.00 | 366.00 | 247.00 | 93.00 | 269.00 | 364.00 | 111.00 | 20.00 | -81.00 | 356.00 | 368.00 | |
| Operating Margin | 6.44 | 8.04 | 0.36 | -11.01 | 7.91 | 12.37 | 7.13 | 3.27 | 7.94 | 9.74 | 3.47 | 0.59 | -1.54 | 4.77 | 4.85 | |
| Interest Income | 5.00 | 6.00 | 8.00 | 13.00 | 11.00 | 14.00 | 16.00 | 10.00 | 10.00 | 11.00 | 12.00 | 9.00 | 11.00 | 40.00 | 51.00 | |
| Loss | -621.00 | -1,375.00 | -1,892.00 | -1,437.00 | -1,523.00 | -2,594.00 | -3,220.00 | -2,759.00 | -3,121.00 | -3,379.00 | -2,941.00 | -3,256.00 | -5,086.00 | -7,112.00 | -7,244.00 | |
| Cost of Revenue | -565.00 | -1,266.00 | -1,716.00 | -1,204.00 | -1,378.00 | -2,379.00 | -2,890.00 | -2,435.00 | -2,752.00 | -2,969.00 | -2,482.00 | -2,786.00 | -4,367.00 | -6,205.00 | -6,333.00 | |
|
Operating Expenses
|
-55.00 | -108.00 | -175.00 | -232.00 | -144.00 | -214.00 | -329.00 | -324.00 | -368.00 | -410.00 | -459.00 | -469.00 | -718.00 | -907.00 | -911.00 | |
| R&D | -3.00 | -6.00 | -19.00 | -12.00 | -11.00 | -12.00 | -17.00 | -17.00 | -28.00 | -44.00 | -47.00 | -45.00 | -58.00 | -69.00 | -100.00 | |
| G&A | -30.00 | -54.00 | -86.00 | -128.00 | -44.00 | -76.00 | -162.00 | -203.00 | -230.00 | -245.00 | -242.00 | -225.00 | -308.00 | -342.00 | -440.00 | |
| SG&A | -52.00 | -101.00 | -155.00 | -219.00 | -133.00 | -202.00 | -312.00 | -349.00 | -387.00 | -410.00 | -423.00 | -449.00 | -707.00 | -901.00 | -810.00 | |
| S&M | -22.00 | -47.00 | -69.00 | -91.00 | -88.00 | -125.00 | -149.00 | -145.00 | -156.00 | -165.00 | -180.00 | -224.00 | -398.00 | -558.00 | -369.00 | |
| Depreciation and Amortization | -20.00 | -31.00 | -56.00 | -81.00 | -80.00 | -82.00 | -94.00 | -95.00 | -99.00 | -129.00 | -159.00 | -209.00 | -282.00 | -234.00 | -307.00 | |
| Interest Expenses | -9.00 | -22.00 | -43.00 | -53.00 | -46.00 | -48.00 | -54.00 | -69.00 | -117.00 | -106.00 | -81.00 | -71.00 | -58.00 | -74.00 | -114.00 | |
| Other Expenses | -19.00 | -37.00 | -45.00 | -16.00 | -40.00 | -10.00 | -13.00 | -53.00 | -27.00 | -28.00 | -68.00 | -113.00 | -219.00 | - - | -39.00 | |
|
WA Shares Outstanding
|
37.00 | 42.00 | 43.00 | 43.00 | 46.00 | 54.00 | 55.00 | 57.00 | 58.00 | 61.00 | 59.00 | 59.00 | 61.00 | 64.00 | 65.00 | |
| Diluted | 37.00 | 43.00 | 43.00 | 43.00 | 50.00 | 59.00 | 60.00 | 58.00 | 61.00 | 62.00 | 60.00 | 62.00 | 68.00 | 71.00 | 72.00 |