| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|
Net Revenue : | ||||||||
Solar power project development | ||||||||
64,837 | 77,372 | 110,737 | - | - | - | - | - | - |
Electricity revenue generation | ||||||||
12,247 | 3,131 | 5,551 | - | - | - | - | - | - |
EPC services | ||||||||
25,853 | 0 | 0 | - | - | - | - | - | - |
Other | ||||||||
36 | 0 | 41 | - | - | - | - | - | - |
Product sales | ||||||||
- | - | - | 1,552,893 | 1,518,411 | 968,465 | 912,809 | 1,127,537 | 488,507 |
Product sales - related party | ||||||||
- | - | - | 2,898 | 3,140 | 63,656 | 6,757 | - | - |
Processing services | ||||||||
- | - | - | 8,603 | 1,223 | 666 | 72,470 | 78,040 | 21,897 |
Total net revenue | ||||||||
102,973 | 80,504 | 116,330 | 1,561,497 | 1,519,634 | 969,131 | 985,279 | 1,205,578 | 510,404 |
Product sales | ||||||||
- | - | - | 1,346,151 | 1,405,819 | 1,006,541 | 841,325 | 807,457 | 541,569 |
Product sales - related party | ||||||||
- | - | - | 2,733 | 3,578 | 68,278 | 6,657 | - | - |
Processing services | ||||||||
- | - | - | 6,062 | 709 | 726 | 47,900 | 50,157 | 12,036 |
Cost of revenue | ||||||||
88,842 | 73,271 | 93,295 | 1,352,213 | 1,406,529 | 1,007,268 | 889,226 | 857,615 | 553,606 |
Gross profit | ||||||||
14,131 | 7,232 | 23,035 | 209,283 | 113,105 | -38,136 | 96,053 | 347,963 | -43,201 |
Operating (expenses)/income: | ||||||||
Sales and marketing | ||||||||
1,710 | 549 | 233 | 93,067 | 75,594 | 31,203 | 17,232 | 8,359 | 5,398 |
General and administrative | ||||||||
6,179 | 6,828 | 7,393 | 67,293 | 55,632 | 50,881 | 38,549 | 43,314 | 29,083 |
Research and development | ||||||||
- | - | - | 52,575 | 46,452 | 44,101 | 47,055 | 36,262 | 14,506 |
Other operating income | ||||||||
313 | 2,493 | 910 | 11,870 | 45,885 | 1,655 | 18,327 | -14,082 | 1,632 |
Impairment of long-lived assets | ||||||||
- | - | - | 0 | 202,756 | 6,437 | - | - | - |
Goodwill impairment | ||||||||
- | - | - | - | - | 6,160 | 0 | - | - |
Intangible asset impairment | ||||||||
- | - | - | - | - | 3,764 | - | - | - |
Total operating expenses | ||||||||
7,576 | 4,884 | 6,716 | 201,065 | 334,550 | 140,894 | 84,510 | 102,019 | 47,356 |
Income from operations | ||||||||
6,555 | 2,348 | 16,318 | 8,217 | -221,445 | -179,030 | 11,542 | 245,944 | -90,557 |
Non-operating income/(expenses): | ||||||||
Interest income | ||||||||
51 | 3 | 38 | 5,009 | 8,443 | 7,118 | 7,862 | 1,835 | 1,715 |
Interest expense | ||||||||
3,936 | 1,842 | 1,999 | 49,015 | 52,108 | 50,628 | 37,190 | 23,245 | 17,122 |
Foreign exchange (losses)/gains | ||||||||
894 | -1,072 | -1,201 | -27,009 | -367 | 1,385 | 6,612 | -1,813 | -1,433 |
Losses on derivatives, net | ||||||||
0 | -0 | -7,971 | 6,057 | 633 | -53 | -15,296 | - | - |
Gain on disposal of subsidiaries | ||||||||
- | - | - | 8,253 | 0 | 0 | - | - | - |
Gains on repurchase of convertible notes | ||||||||
0 | 212 | 13,693 | 7,048 | 0 | 0 | 28,349 | 5 | 7,995 |
Gain on disposal of subsidiaries | ||||||||
- | - | - | - | - | - | -193 | - | - |
Other-than-temporary impairment loss on available-for-sale investment | ||||||||
- | - | - | - | - | - | 6,207 | - | 13,366 |
Fair value change of warrant liability | ||||||||
0 | -577 | -1,312 | -7,455 | -3,202 | 0 | - | - | - |
Other loss | ||||||||
-43 | 0 | 0 | - | - | - | - | - | - |
Losses (gains) on derivatives, net | ||||||||
- | - | - | - | - | - | - | 6,268 | - |
Total non-operating income/(expenses) | ||||||||
-3,033 | -2,122 | 3,871 | - | - | - | - | -16,950 | -22,211 |
Income before income tax | ||||||||
3,521 | 226 | 20,190 | -33,983 | -261,642 | -221,209 | -4,520 | 228,993 | -112,769 |
Income tax (expense)/benefit | ||||||||
322 | 132 | -23 | -349 | -2,722 | 21,352 | -4,851 | 59,997 | -41,156 |
Income from continuing operations, net of tax | ||||||||
3,199 | 94 | 20,213 | - | - | - | - | - | - |
Discontinued operations | ||||||||
Gain on disposal of discontinued operations before income taxes | ||||||||
106,292 | 0 | 0 | - | - | - | - | - | - |
Loss from operations of discontinued operations before income taxes | ||||||||
-79,782 | -32,631 | -24,591 | - | - | - | - | - | - |
Income tax benefit/(expense) | ||||||||
-4,748 | 2,161 | 696 | - | - | - | - | - | - |
Income (loss) from discontinued operations, net of tax | ||||||||
31,257 | -34,792 | -25,288 | - | - | - | - | - | - |
Equity in loss of investee, net of tax | ||||||||
- | - | - | - | - | - | - | - | -290 |
Net income (loss) | ||||||||
34,457 | -34,698 | -5,075 | -33,633 | -258,919 | -242,562 | 331 | 168,996 | -71,903 |
Less: net loss attributed to non-controlling interests | ||||||||
- | - | - | -3 | -3 | -46 | -1 | - | - |
Net income (loss) attributed to ReneSola Ltd | ||||||||
34,457 | -34,698 | -5,075 | -33,630 | -258,915 | -242,515 | 332 | 168,996 | -71,903 |
Loss per share | ||||||||
Income per share from continuing operations | ||||||||
Basic | ||||||||
0.01 | 0.00 | 0.10 | - | - | - | - | - | - |
Diluted | ||||||||
0.01 | 0.00 | 0.10 | - | - | - | - | - | - |
Income (loss) per share from discontinued operations | ||||||||
Basic | ||||||||
0.13 | -0.17 | -0.12 | - | - | - | - | - | - |
Diluted | ||||||||
0.13 | -0.17 | -0.12 | - | - | - | - | - | - |
Basic (in dollars per share) | ||||||||
- | - | - | -0.17 | -1.42 | -1.40 | 0.00 | 0.98 | -0.49 |
Diluted (in dollars per share) | ||||||||
- | - | - | -0.17 | -1.42 | -1.40 | 0.00 | 0.97 | -0.49 |
Weighted average number of shares used in computing income (loss) per share | ||||||||
Basic (in shares) | ||||||||
246,899 | 202,229 | 204,085 | 203,550 | 182,167 | 172,671 | 173,496 | 172,870 | 147,553 |
Diluted (in shares) | ||||||||
246,905 | 202,403 | 204,222 | 203,550 | 182,167 | 172,671 | 173,870 | 175,111 | 147,553 |