Renesola ltd (SOL)
Balance Sheet / Yearly
Dec'17Dec'16Dec'15Jun'15Dec'14Jun'14Dec'13Jun'13Dec'12Dec'11Dec'10
ASSETS
Current assets:
Cash and cash equivalents

13,429

3,964

38,045

43,153

99,847

58,127

86,772

80,306

93,283

379,039

290,701

Restricted cash

-

-

140,337

141,942

121,862

160,708

262,127

325,517

174,828

58,334

33,640

Available-for-sale investment

-

-

-

-

-

-

-

-

-

-

3,331

Accounts receivable, net of allowances for doubtful accounts of nil as of December 31, 2016 and 2017

23,312

85

117,552

89,826

112,006

212,533

236,575

272,112

216,834

129,635

81,540

Notes receivable

-

-

43,613

-

13,737

-

-

-

-

-

-

Inventories

-

-

193,171

277,658

357,361

390,010

359,577

343,279

254,879

154,181

170,598

Advances to suppliers-current, net

379

4,220

18,479

44,566

27,493

9,819

14,210

15,126

23,614

16,163

26,315

Amounts due from related parties

-

-

110

101

452

1,116

408

4,984

10,804

6,207

389

Value added tax recoverable

15,228

4,893

24,525

24,355

30,514

21,505

30,112

39,516

34,961

41,858

44,102

Income tax recoverable

0

60

3,609

1,705

1,246

3,454

2,666

6,585

2,752

7,956

4,021

Prepaid expenses and other current assets

10,542

1,893

27,805

53,351

44,913

56,066

50,031

25,584

32,798

18,717

16,946

Project assets current

76,556

48,177

-

-

-

-

-

-

-

-

-

Deferred project costs current

17,957

0

-

-

-

-

-

-

-

-

-

Contract costs

12,668

0

-

-

-

-

-

-

-

-

-

Deferred convertible notes issuance costs-current

-

-

-

302

-

784

784

784

784

784

-

Assets held-for-sale

-

-

-

-

-

-

-

-

-

6,452

-

Derivative assets

-

-

56

1,577

1,688

576

1,502

1,933

660

880

11,659

Deferred tax assets-current, net

-

-

5,988

4,496

11,368

1,786

5,218

2,535

1,773

12,709

-

Deferred tax assets-current

-

-

-

-

-

-

-

-

-

-

14,762

Total current assets

170,074

507,494

637,750

736,683

859,531

949,482

1,206,798

1,167,788

873,779

832,921

698,008

Project assets current

-

-

20,213

53,651

37,039

32,998

34,172

49,527

25,802

-

-

Assets of discontinued operations current

0

444,198

4,240

-

0

-

122,638

-

-

-

-

Property, plant and equipment, net

154,659

20,158

630,462

705,256

750,297

803,721

863,093

1,148,872

1,102,562

980,164

801,471

Prepaid land use right, net

-

-

37,239

40,151

39,574

40,209

44,995

45,800

49,936

48,563

37,188

Deferred tax assets-non-current, net

59

147

10,237

15,886

8,461

17,990

13,658

22,086

13,529

25,156

-

Deferred tax assets

-

-

-

-

-

-

-

-

-

-

8,525

Deferred convertible notes issuance costs-non-current

-

-

-

-

-

549

941

1,334

1,725

2,510

-

Advances for purchases of property, plant and equipment, net

0

416

381

169

1,756

2,419

2,214

7,075

8,317

25,866

26,930

Project assets non-current

7,480

6,709

-

-

-

-

-

-

-

-

-

Deferred project costs non-current

0

16,374

20,874

20,874

0

-

-

-

-

-

-

Project assets non-current

-

-

0

-

-

-

-

-

-

-

-

Advances to suppliers-non-current, net

-

-

-

-

-

5,627

5,627

5,928

5,928

17,643

13,743

Other non-current assets

3,425

3,250

9,373

6,248

9,386

4,155

2,421

2,757

2,545

10,501

2,753

Assets of discontinued operations non-current

0

533,853

-

-

-

-

-

-

-

-

-

Goodwill

-

-

-

-

-

-

-

-

-

5,646

5,323

Total assets

335,698

1,088,405

1,346,319

1,525,267

1,669,007

1,824,152

2,139,750

2,401,640

2,058,325

1,948,975

1,593,945

LIABILITIES AND SHAREHOLDERS EQUITY
Current liabilities:
Convertible notes payable, current portion

-

-

-

62,190

-

-

-

-

-

-

-

Short-term borrowings

6,605

0

668,787

653,627

654,675

696,229

673,096

763,607

733,618

570,893

400,797

Convertible bond payable, net

-

-

26,145

-

0

-

-

-

-

-

-

Accounts payable

25,787

0

300,176

405,881

461,499

509,200

656,242

718,491

483,024

235,813

220,798

Advances from customers-current

236

504

28,101

32,656

84,411

44,105

99,499

80,399

40,384

58,237

57,396

Amounts due to related parties

60,370

0

2,676

6,392

7,569

4,055

9,209

16,133

18,825

4,913

24

Other current liabilities

30,514

8,349

77,238

113,187

126,623

145,277

159,377

177,770

162,736

114,968

79,633

Income tax payable

330

93

129

125

123

1,475

5,305

2,552

2,552

4,111

16,437

Salary payable

560

0

-

-

-

-

-

-

-

-

-

Deferred project revenue current

20,791

0

-

-

-

-

-

-

-

-

-

Liabilities of discontinued operations current

0

895,484

-

-

-

-

-

-

-

-

-

Deferred tax liabilities

-

-

-

-

-

-

-

-

112

220

1,778

Derivative liabilities

-

-

29

4,747

0

166

1,463

-

975

218

1,380

Liabilities held for sale

-

-

-

-

-

-

99,433

-

-

-

-

Warrant liability

-

-

577

1,050

1,890

7,298

9,345

-

-

-

-

Total current liabilities

145,196

904,432

1,103,861

1,279,855

1,336,792

1,407,805

1,712,972

1,758,952

1,442,229

989,377

778,247

Convertible notes payable-non-current

-

-

-

0

94,599

111,616

111,616

111,616

111,616

111,616

-

Long-term borrowings

32,513

28,835

38,776

-

43,451

64,030

69,489

146,271

56,580

144,668

121,515

Long-term borrowings

-

-

-

41,117

-

-

-

-

-

-

-

Advances from customers-non-current

-

-

-

1,191

936

3,192

8,153

10,436

32,271

48,051

76,080

Warranty

-

-

36,023

36,185

31,778

25,688

20,612

15,412

10,316

12,835

8,701

Deferred project revenue non-current

0

32,242

32,376

26,054

0

53,756

46,733

37,802

29,894

29,141

20,604

Failed sale-lease back and capital lease liabilities

67,505

0

-

-

-

-

-

-

-

-

-

Liabilities of discontinued operations non-current

0

56,749

-

-

-

-

-

-

-

-

-

Deferred subsidies

-

-

23,241

-

25,347

-

-

-

-

-

-

Deferred subsidies and other

-

-

-

24,744

-

-

-

-

-

-

-

Other long-term liabilities

-

-

104

972

946

775

1,156

7,406

11,014

12,144

2,333

Total liabilities

245,216

1,022,259

1,234,385

1,410,118

1,533,851

1,666,862

1,970,734

2,087,895

1,693,921

1,347,834

1,007,480

Commitments and contingencies (see Note 19)

0

0

0

0

0

0

0

0

0

0

0

Shareholders equity
Common shares (500,000,000 shares; no par value shares authorized at December 31, 2016 and 2017; 202,478,702 shares issued and 200,538,902 shares outstanding at December 31, 2016; 381,027,002 shares issued and 380,678,902 shares outstanding at December 31, 2017)

519,225

477,171

477,964

478,391

476,765

476,441

475,816

422,207

421,460

422,313

422,039

Treasury stock (1,451,700 shares and nil on December 31, 2016 and 2017 respectively)

0

513

0

-

-

-

-

-

-

1,943

-

Additional paid-in capital

9,012

8,229

7,669

7,248

7,512

6,991

5,949

5,104

5,250

4,110

19,857

Accumulated deficit

-435,517

-469,975

-435,276

-450,530

-430,201

-410,402

-396,571

-197,721

-137,656

104,859

108,386

Accumulated other comprehensive (loss)/income

-2,238

51,233

61,576

80,040

81,080

84,260

83,613

83,691

74,836

71,645

36,180

Total equity

90,482

66,145

111,933

115,149

135,156

157,290

168,807

313,281

363,891

600,986

586,464

Noncontrolling interest

-

-

-

0

-

-

208

464

512

155

-

Total equity

-

-

-

115,149

-

157,290

169,016

313,745

364,403

601,141

586,464

Total liabilities and shareholders equity

335,698

1,088,405

1,346,319

1,525,267

1,669,007

1,824,152

2,139,750

2,401,640

2,058,325

1,948,975

1,593,945