Canadian Solar Revenue, Profits - CSIQ Quarterly Income Statement

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$11.95 $0.51 (4.09%) CSIQ stock closing price Jun 15, 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. In the income statement, an investor can look at important parameters like revenue or sales, gross profits, net profits, and EPS basic to gain deeper insights. When compared with the corresponding income statement from the past, the latest income statement shows how revenue has grown from 1.11B to 1.42B and how operating and non operating activities have impacted the CSIQ stock. The operating expenses as shown in the Canadian Solar profit and loss statement for 2018 Q1 total to $65.69M. This line item shows that the operating expenses has decreased compared with last year. Also check: Canadian Solar assets and Canadian Solar free cash flow.

View and download details of revenue and profits for Canadian Solar for latest & last 40 quarters.
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Quarterly
Annual
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Fiscal year is Jan - Dec2018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q4
Canadian Solar Revenues or Net Sales
1.42B1.11B912.22M692.37M677.04M668.43M657.32M805.91M721.42M1.12B
Cost Of Goods Sold (COGS)1.28B890.22M752.42M524.52M585.63M619.48M540.03M667.43M608.95M919.83M
Canadian Solar Gross Profit
143.94M218.56M159.8M167.83M91.4M48.96M117.29M138.46M112.47M200.46M
Research & Development Expense9.49M8.57M7.27M7.31M5.62M3.21M4.64M5.05M4.5M4.83M
Selling General & Admin Expense56.2M79.84M94.75M76.77M88.11M57.52M85.67M93.83M69.59M90.36M
Income Before Depreciation Depletion Amortization78.24M130.16M57.77M83.74M-2.33M-11.74M26.96M39.57M38.37M105.3M
Depreciation Depletion Amortization----------
Non Operating Income-0.4M-2.41M-11.32M-12.1M8.98M13.18M7.17M27.31M16.55M6.11M
Interest Expense29.59M33.5M33.65M26.71M24.11M22.91M18.8M11.88M16.13M17.07M
Canadian Solar Pretax Income
48.24M94.27M12.78M44.92M-17.45M-21.48M15.33M55M38.8M94.34M
Provision for Income Taxes4.09M28.94M6.16M8.95M-3.1M-10.59M-16.3M12.25M30.99M
MinorityInterest-1.38M-2.14M-0.4M-0.46M-0.42M-0.3M1.2M-
Investment Gains Losses-0.26M-2.54M6.97M4.38M--2.88M-0.13M1.37M-2.76M-1.01M
Other Income----------
Income Before Extraordinaries & Disc Operations43.38M61.4M13.29M38.21M-13.34M-13.33M15.61M40.38M22.58M62.3M
Extraordinary Items & Discontinued Operations----------
Canadian Solar Profit/ Loss (Net Income)
43.38M61.4M13.29M38.21M-13.34M-13.33M15.61M40.38M22.58M62.3M
Average Shares used to compute Diluted EPS61.95M61.94M59.28M62.05M57.83M57.81M58.28M61.04M57.81M60.34M
Average Shares used to compute Basic EPS58.55M58.49M58.39M57.95M57.83M57.81M57.78M57.61M56.9M55.94M
Income Before Nonrecurring Items43.38M61.4M13.29M-9.11M-6.01M14.17M16.73M40.38M21.34M62.3M
Income from Nonrecurring Items---47.32M-7.32M-27.5M-1.12M-1.24M-
Canadian Solar Earnings Per Share Basic Net
0.741.050.230.66-0.23-0.230.270.700.401.11
Canadian Solar Earnings Per Share Diluted Net
0.721.010.220.63-0.23-0.230.270.680.391.05
EPS Diluted Before Nonrecurring Items0.721.010.22-0.15-0.100.240.290.680.371.05
Preferred Dividends Acc Pd----------
Dividends Common0.000.00--------
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:

  • Top line: The word topline comes from the fact that the first line of an income statement refers to sales numbers. If you check you will find that CSIQ stock has a topline or revenue of $1.42B for 2018 Q1 as per this Canadian Solar revenue chart. Investors look for stocks with a growing top line.
  • Bottom line: This refers to the last line in a profit and loss statement and denotes the net profit or loss for a particular period. The figure currently stands at $43.38M for Canadian Solar for 2018 Q1. This figure is arrived at after deducting all operating expenses, interest, and taxes from revenue.

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)
4.63
PS Ratio (price sales ratio)
0.17
Operating Margin
5.5
Net Profit Margin
3
Dividend Yield
0%