Canadian Solar Revenue, Profits - CSIQ Annual Income Statement

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$12.41 $0.12 (0.98%) CSIQ stock closing price Jun 21, 2018 (Closing)

Financial analysis of Canadian Solar involves more than just checking the Canadian Solar stock price, by looking at the financial statements of the company in detail. The income statement gives the investor an understanding of the topline or revenue and bottomline or profit numbers of the company and helps investors evaluate if a company has been growing or not. The income statement for CSIQ which shows a YOY revenue growth of 18.83% is specific to a period of time. Investors typically check YoY or QoQ revenue growth. The operating expenses as shown in the Canadian Solar profit and loss statement for 2017 total to $368.24M. This line item shows that the operating expenses has increased compared with last year. Also check: Canadian Solar assets and Canadian Solar free cash flow.

View revenue and profit details for latest and last 10 financial years.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
Canadian Solar Revenues or Net Sales
3.39B2.85B3.47B2.96B1.65B1.29B1.9B1.5B630.96M705M
Cost Of Goods Sold (COGS)2.75B2.44B2.89B2.38B1.38B1.2B1.72B1.27B552.85M633.99M
Canadian Solar Gross Profit
637.59M417.18M576.77M580.99M275.69M90.36M182.28M228.77M78.1M71M
Research & Development Expense28.77M17.4M17.05M12.05M11.68M12.99M19.83M6.84M3.18M1.82M
Selling General & Admin Expense339.47M306.61M312.34M202.62M133.19M219.87M155.61M101.62M68.41M45.11M
Income Before Depreciation Depletion Amortization269.34M93.16M247.37M366.31M130.81M-142.51M6.84M120.3M6.51M24.06M
Depreciation Depletion Amortization----------
Non Operating Income-16.85M64.21M30.24M3.42M-28.3M-2.79M-37.35M-30.55M24.42M-12.27M
Interest Expense117.97M69.72M54.14M48.9M46.24M53.3M43.84M22.16M9.45M11.26M
Canadian Solar Pretax Income
134.52M87.65M223.47M320.82M56.26M-198.61M-74.36M67.58M21.47M-
Provision for Income Taxes40.95M17.97M49.51M77.43M7.63M-5.43M16.54M16.75M-1.3M9.91M
MinorityInterest3.41M-1.45M4.38M13.9M-----
Investment Gains Losses9.41M-4.4M-0.64M--3.06M-1.96M----
Other Income----------
Income Before Extraordinaries & Disc Operations102.98M65.27M173.31M243.88M45.56M-195.15M-90.9M50.82M22.77M-9.38M
Extraordinary Items & Discontinued Operations----------
Canadian Solar Profit/ Loss (Net Income)
99.57M65.24M171.86M239.5M31.65M-195.46M-90.9M50.82M22.77M-9.38M
Average Shares used to compute Diluted EPS61.55M58.06M60.43M59.36M50.39M43.19M43.08M43.68M37.74M31.57M
Average Shares used to compute Basic EPS58.17M57.52M55.73M54.41M46.31M43.19M43.08M42.84M37.1M31.57M
Income Before Nonrecurring Items59.57M92.74M187.48M239.5M31.66M-131.22M-85.21M50.57M53.11M-
Income from Nonrecurring Items40M-27.5M-15.62M---64.25M-5.6M---10.17M
Canadian Solar Earnings Per Share Basic Net
1.711.133.084.400.68-4.53-2.111.181.43-0.32
Canadian Solar Earnings Per Share Diluted Net
1.691.122.934.110.63-4.53-2.111.161.41-0.32
EPS Diluted Before Nonrecurring Items1.041.603.194.110.63-3.04-1.981.161.410.01
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common0.000.000.000.000.000.000.000.000.000.00
All figures in USD. M: Millions of USD, B: Billions of USD.
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It is very helpful to read a report on Canadian Solar stock analysis. An investor must check the following items in an income statement:

  • Revenue: The money received by selling of goods or services comes under this line item. A YoY growth - See: Canadian Solar revenue chart implies that the company is growing. It has been the case with Canadian Solar. One must look at stocks with increasing revenues, and stay away from stocks whose revenues or sales are declining.
  • Bottom line: Most businesses like Canadian Solar try to grow their profits by growing their topline and by increasing their operating efficiency. A healthy bottom line growth implies a good investment.

The income statement is also called statement of revenue and expense. The CSIQ financials along with Canadian Solar historical stock prices provide a lot of details about the firm.

Canadian Solar Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
4.76
PS Ratio (price sales ratio)
0.17
Operating Margin
5.5
Net Profit Margin
3
Dividend Yield
0%