Financial Statements — CSIQ
Balance Sheet
(in billions USD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Cash & Equivalents | 1.37 | 1.70 | 1.94 | 0.98 | 0.87 | 1.18 | 0.67 |
| Short-term Investments | -- | -- | 0.02 | -- | -- | -- | -- |
| Accounts Receivable | 0.83 | 1.12 | 0.90 | 0.97 | 0.65 | 0.41 | 0.44 |
| Inventory | 1.13 | 1.21 | 1.18 | 1.52 | 1.19 | 0.70 | 0.55 |
| Total Current Assets | 5.98 | 5.92 | 6.10 | 5.64 | 4.77 | 4.19 | 3.25 |
| Property, Plant & Equipment | 3.38 | 3.17 | 3.09 | 1.83 | 1.40 | 1.16 | 1.05 |
| Intangible Assets | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Total Non-current Assets | 5.91 | 5.56 | 4.30 | 2.31 | 2.03 | 1.79 | 1.67 |
| Total Assets | 15.17 | 13.51 | 11.90 | 9.04 | 7.39 | 6.54 | 5.47 |
| Short-term Debt | 2.39 | 1.87 | 1.81 | 1.44 | 1.59 | 1.20 | 0.93 |
| Total Current Liabilities | 5.85 | 5.42 | 5.86 | 5.26 | 4.04 | 3.59 | 3.09 |
| Long-term Debt | 6.01 | 4.60 | 3.07 | 2.26 | 1.02 | 0.93 | 1.02 |
| Total Non-current Liabilities* | 5.05 | 3.94 | 2.33 | 1.47 | 1.22 | 1.06 | 0.95 |
| Total Liabilities | 10.90 | 9.36 | 8.19 | 6.73 | 5.26 | 4.64 | 4.04 |
| Retained Earnings | 1.48 | 1.59 | 1.55 | 1.28 | 1.04 | 0.94 | 0.79 |
| Total Stockholder Equity | 2.81 | 2.82 | 2.56 | 1.94 | 1.80 | 1.57 | 1.39 |
* Derived from reported values
Income Statement
(in billions USD) (except per-share rows)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Total Revenue | 5.60 | 5.99 | 7.61 | 7.47 | 5.28 | 3.48 | 3.20 |
| Cost of Revenue | 4.57 | 4.99 | 6.33 | 6.21 | 4.37 | 2.79 | 2.48 |
| Gross Profit | 1.03 | 1.00 | 1.28 | 1.26 | 0.91 | 0.69 | 0.72 |
| Research & Development | 0.09 | 0.12 | 0.10 | 0.07 | 0.06 | 0.05 | 0.05 |
| Selling, General & Admin | 0.58 | 0.52 | 0.44 | 0.34 | 0.31 | 0.23 | 0.24 |
| Total Operating Expenses | 0.98 | 1.03 | 0.83 | 0.91 | 0.72 | 0.47 | 0.46 |
| Operating Income | 0.04 | (0.03) | 0.45 | 0.36 | 0.19 | 0.22 | 0.26 |
| Interest Expense | -- | -- | 0.11 | 0.07 | 0.06 | 0.07 | 0.08 |
| Pretax Income | (0.14) | (0.08) | 0.41 | 0.36 | 0.15 | 0.15 | 0.21 |
| Tax Provision | 0.01 | (0.02) | 0.06 | 0.07 | 0.04 | -0.00 | 0.04 |
| Net Income | (0.10) | (0.08) | 0.36 | 0.30 | 0.11 | 0.15 | 0.17 |
| Basic EPS | (2.50) | 0.54 | 4.19 | 3.73 | 1.55 | 2.46 | 2.88 |
| Diluted EPS | (2.50) | 0.54 | 3.87 | 3.44 | 1.46 | 2.38 | 2.83 |
Cash Flow Statement
(in billions USD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Operating Cash Flow | (0.25) | (0.89) | 0.68 | 0.92 | (0.41) | (0.12) | 0.60 |
| Capital Expenditures | 0.96 | 1.11 | 1.12 | -- | -- | -- | -- |
| Free Cash Flow* | (1.21) | (2.00) | (0.43) | -- | -- | -- | -- |
| Investing Cash Flow | (1.50) | (1.96) | (1.67) | (0.63) | (0.43) | (0.32) | (0.29) |
| Financing Cash Flow | 1.35 | 2.32 | 2.05 | 0.43 | 0.61 | 0.82 | (0.03) |
* Derived from reported values
