| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|
Net revenues: | ||||||||
-Non-related parties | ||||||||
3,221 | 2,605 | 3,363 | 2,958 | 1,637 | 1,284 | 1,879 | 1,495 | 630 |
-Related parties | ||||||||
168 | 247 | 104 | 2 | 16 | 10 | 19 | - | - |
Total net revenues | ||||||||
3,390 | 2,853 | 3,467 | 2,960 | 1,654 | 1,294 | 1,898 | 1,495 | 630 |
Cost of revenues: | ||||||||
-Non-related parties | ||||||||
2,641 | 2,216 | 2,821 | 2,375 | 1,363 | 1,193 | 1,696 | 1,266 | 552 |
-Related parties | ||||||||
111 | 219 | 68 | 4 | 15 | 10 | 20 | - | - |
Total cost of revenues | ||||||||
2,752 | 2,435 | 2,890 | 2,379 | 1,378 | 1,204 | 1,716 | 1,266 | 552 |
Gross profit | ||||||||
637 | 417 | 576 | 580 | 275 | 90 | 182 | 228 | 78 |
Operating expenses: | ||||||||
Selling expenses | ||||||||
156 | 145 | 149 | 125 | 88 | 91 | 69 | 47 | 22 |
General and administrative expenses | ||||||||
230 | 203 | 168 | 81 | 44 | 128 | 86 | 54 | 46 |
Research and development expenses | ||||||||
28 | 17 | 17 | 12 | 11 | 12 | 19 | 6 | 3 |
Other operating income, net | ||||||||
47 | 42 | 5 | - | - | - | - | - | - |
Other operating income, net | ||||||||
- | - | - | 4 | - | - | - | - | - |
Total operating expenses, net | ||||||||
368 | 324 | 329 | 214 | 144 | 232 | 175 | 108 | 71 |
Income from operations | ||||||||
269 | 93 | 247 | 366 | 130 | -142 | 6 | 120 | 6 |
Other income (expenses): | ||||||||
Interest expense | ||||||||
117 | 69 | 54 | 48 | 46 | 53 | 43 | 22 | 9 |
Interest income | ||||||||
10 | 10 | 16 | 14 | 11 | 13 | 8 | 6 | 5 |
Gain (loss) on change in fair value of derivatives | ||||||||
-0 | 27 | -12 | 19 | 10 | - | - | - | - |
Gain (loss) on change in foreign currency derivatives | ||||||||
- | - | - | - | - | -4 | -5 | 1 | 9 |
Foreign exchange gain (loss) | ||||||||
-23 | 25 | 22 | -32 | -51 | -10 | -40 | -36 | 7 |
Investment income (loss) | ||||||||
-3 | -1 | 2 | - | - | - | - | - | - |
Gain on repurchase of convertible notes | ||||||||
- | 2 | - | - | - | - | - | - | - |
Investment loss | ||||||||
- | - | - | - | - | 1 | - | 3 | - |
Others | ||||||||
- | - | 0 | 1 | 0 | - | - | - | - |
Other expenses, net | ||||||||
-134 | -5 | -23 | -45 | -74 | -56 | -81 | - | - |
Income before income taxes and equity in earnings (loss) of unconsolidated investees | ||||||||
134 | 87 | 223 | 320 | 56 | -198 | -74 | - | - |
Investment income (loss) | ||||||||
- | - | - | - | - | - | - | - | 1 |
Income (loss) before income taxes | ||||||||
- | - | - | - | - | - | - | 67 | 21 |
Income tax expense | ||||||||
40 | 17 | 49 | 77 | 7 | -5 | 16 | 16 | -1 |
Equity in earnings (loss) of unconsolidated investees | ||||||||
9 | -4 | -0 | 0 | - | - | - | - | - |
Equity in earnings (loss) of unconsolidated investees | ||||||||
- | - | - | - | -3 | -1 | -0 | 0 | - |
Net income | ||||||||
102 | 65 | 173 | 243 | 45 | -195 | -90 | 50 | 22 |
Less: net income attributable to non-controlling interests | ||||||||
3 | 0 | 1 | 4 | 13 | 0 | -0 | 0 | 0 |
Net income attributable to Canadian Solar Inc. | ||||||||
99 | 65 | 171 | 239 | 31 | -195 | -90 | 50 | 22 |
Earnings per share - basic | ||||||||
1.71 | 1.13 | 3.08 | 4.40 | 0.68 | -4.53 | -2.11 | 1.18 | 0.61 |
Shares used in computation - basic | ||||||||
58 | 57 | 55 | 54 | 46 | 43 | 43 | 42 | 37 |
Earnings per share - diluted | ||||||||
1.69 | 1.12 | 2.93 | 4.11 | 0.63 | -4.53 | -2.11 | 1.16 | 0.60 |
Shares used in computation - diluted | ||||||||
61 | 58 | 60 | 59 | 50 | 43 | 43 | 43 | 37 |