CANADIAN SOLAR INC. CSIQ Balance Sheet

Canadian solar inc. (CSIQ)

Balance Sheet / Yearly

Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10
ASSETS
Current assets:
Cash and cash equivalents, including consolidated variable interest entities of $4,066 and $33,993 as of December 31, 2016 and 2017, respectively
561	511	553	549	228	141	343	288
Restricted cash - current, including consolidated variable interest entities of $25,958 and nil as of December 31, 2016 and 2017, respectively
617	487	534	439	451	422	178	187
Accounts receivable trade, net of allowance of $26,119 and $32,941 as of December 31, 2016 and 2017, respectively, including consolidated variable interest entities of nil and $2,787 as of December 31, 2016 and 2017, respectively
358	400	426	366	280	254	292	169
Accounts receivable, unbilled
1	3	8	27	13	5	51	-
Amounts due from related parties
26	19	104	4	4	9	19	1
Inventories
346	295	334	432	231	274	296	272
Value added tax recoverable, including consolidated variable interest entities of nil and $4,772 as of December 31, 2016 and 2017, respectively
94	55	44	20	15	14	16	42
Advances to suppliers - current, net of allowance of $6,482 and $5,705 as of December 31, 2016 and 2017, respectively, including consolidated variable interest entities of nil and $16 as of December 31, 2016 and 2017, respectively
61	29	31	47	42	28	11	27
Derivative assets - current
16	12	6	9	-	-	-	-
Foreign currency derivative assets
-	-	-	-	7	1	2	2
Project assets - current, including consolidated variable interest entities of $114,440 and $171,898 as of December 31, 2016 and 2017, respectively
1,523	1,317	111	235	344	180	37	-
Assets held-for-sale
182	392	-	-	-	-	-	-
Deferred tax assets - current
-	-	30	40	29	-	-	-
Prepaid expenses and other current assets, including consolidated variable interest entities of $2,249 and $12,605 as of December 31, 2016 and 2017, respectively
296	266	78	142	71	108	45	43
Total current assets
4,085	3,790	2,264	2,315	1,719	1,442	1,295	1,034
Restricted cash - non-current
10	9	46	35	-	-	-	-
Property, plant and equipment, net
747	462	331	372	407	469	510	330
Solar power systems, net
63	112	1,200	96	-	-	-	-
Deferred tax assets - non-current
131	229	97	66	62	39	23	-
Deferred tax assets
-	-	-	-	-	-	-	16
Advances to suppliers - non-current, net of allowance of $13,045 and $13,057 as of December 31, 2016 and 2017, respectively
38	54	27	0	0	0	0	13
Prepaid land use rights, including consolidated variable interest entities of $689 and $22,927 as of December 31, 2016 and 2017, respectively
78	48	29	13	18	18	13	13
Investments in affiliates
414	368	187	38	34	26	11	5
Intangible assets, net
10	8	78	6	5	4	8	2
Goodwill
6	7	7	-	-	-	2	-
Derivative assets - non-current
10	15	2	-	-	-	-	-
Project assets - non-current
148	182	2	69	160	218	-	-
Other non-current assets, including consolidated variable interest entities of $5,834 and $2,708 as of December 31, 2016 and 2017, respectively
143	117	138	56	43	39	15	5
TOTAL ASSETS
5,889	5,406	4,413	3,072	2,453	2,259	1,879	1,423
LIABILITIES, REDEEMABLE NON-CONTROLLING INTERESTS AND EQUITY
Current liabilities:
Short-term borrowings, including consolidated variable interest entities of $69,811 and $214,128 as of December 31, 2016 and 2017, respectively
1,957	1,600	-	-	-	-	-	-
Short-term borrowings, including consolidated variable interest entities of $69,811 as of December 31, 2016
-	-	1,156	725	778	858	743	540
Accounts payable, including consolidated variable interest entities of $29,813 and nil as of December 31, 2016 and 2017, respectively
402	440	512	412	280	230	174	113
Short-term notes payable
572	296	473	388	358	231	131	9
Amounts due to related parties, including consolidated variable interest entities of nil and $272 as of December 31, 2016 and 2017, respectively
6	19	90	17	19	5	3	2
Other payables, including consolidated variable interest entities of $22 and nil as of December 31, 2016 and 2017, respectively
315	223	159	112	101	104	84	47
Short-term commercial paper
-	131	-	-	-	-	-	-
Advances from customers
51	90	76	111	75	18	65	8
Derivative liabilities - current
6	9	35	0	-	-	-	-
Foreign currency derivative liabilities
-	-	-	-	0	0	-	2
Deferred tax liabilities - current
-	-	1	94	57	-	-	-
Liabilities held-for-sale
185	279	-	-	-	-	-	-
Financing liabilities - current
407	459	-	-	-	-	-	-
Provision for firm purchase commitments
-	-	-	-	-	-	-	-15
Other current liabilities, including consolidated variable interest entities of nil and $7,863 as of December 31, 2016 and 2017, respectively
201	171	151	85	105	90	33	33
Total current liabilities
4,108	3,721	2,656	1,949	1,778	1,540	1,236	775
Accrued warranty costs
55	61	65	54	40	58	47	31
Convertible notes
126	125	146	150	-	-	0	0
Long-term borrowings
404	493	606	134	151	214	88	69
Derivative liabilities - non-current
0	-	17	-	-	-	-	-
Liability for uncertain tax positions
9	8	14	15	17	14	12	11
Deferred tax liabilities - non-current
5	23	19	10	24	56	-	-
Loss contingency accruals
25	22	23	26	29	28	27	-
Financing liabilities - non-current
12	-	-	-	-	-	-	-
Other non-current liabilities, including consolidated variable interest entities of nil and $6,777 as of December 31, 2016 and 2017, respectively
82	51	32	-	-	-	-	-
TOTAL LIABILITIES
4,829	4,507	3,581	2,340	2,041	1,912	1,412	888
Commitments and contingencies (Note 23)
0	0	0	0	0	0	0	0
Redeemable non-controlling interests
-	-	-	2	10	45	-	-
Equity:
Common shares - no par value: unlimited authorized shares, 57,830,149 and 58,496,685 shares issued and outstanding at December 31, 2016 and 2017, respectively
702	701	677	675	561	502	502	501
Additional paid-in capital
0	-8	-17	-25	-32	-38	-53	-57
Retained earnings
383	284	218	46	-192	-224	-28	62
Accumulated other comprehensive loss
-54	-91	-59	20	53	50	45	28
Total Canadian Solar Inc. shareholders' equity
1,032	884	818	716	390	290	465	534
Non-controlling interests in subsidiaries
27	14	13	12	10	10	1	0
TOTAL EQUITY
1,059	899	832	729	401	301	466	534
TOTAL LIABILITIES AND EQUITY
5,889	5,406	4,413	3,072	2,453	2,259	1,879	1,423