Canadian Solar
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Canadian Solar's past years’ income statements indicate that its last revenue has increased compared to the previous period by 2% to $7,613,626,000. The net income raised on $274,187,000 and profit margin reached 4%. Total operating expenses were $825,241,000.
Profit Margin
| 2014 | 2.96B | 239.50M | 8.09% |
|---|---|---|---|
| 2015 | 3.46B | 171.86M | 4.96% |
| 2016 | 2.85B | 65.24M | 2.29% |
| 2017 | 3.39B | 99.57M | 2.94% |
| 2018 | 3.74B | 237.07M | 6.33% |
| 2019 | 3.20B | 171.58M | 5.36% |
| 2020 | 3.47B | 146.70M | 4.22% |
| 2021 | 5.27B | 95.24M | 1.8% |
| 2022 | 7.46B | 239.96M | 3.21% |
| 2023 | 7.61B | 274.18M | 3.6% |
CSIQ Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 7.61B | 7.46B | 5.27B | 3.47B | 3.20B | 3.74B | 3.39B | 2.85B | 3.46B | 2.96B |
Cost of revenue | 6.33B | 6.20B | 4.36B | 2.78B | 2.48B | 2.96B | 2.75B | 2.43B | 2.89B | 2.37B |
Gross profit | 1.27B | 1.26B | 909.31M | 689.91M | 718.49M | 775.08M | 637.59M | 417.18M | 576.77M | 580.99M |
Operating exp. | ||||||||||
Research and development | 100.84M | 69.82M | 58.40M | 45.16M | 47.04M | 44.19M | 28.77M | 17.40M | 17.05M | 12.05M |
Selling and marketing | 369.67M | 558.92M | 398.65M | 224.24M | 180.32M | 165.40M | 156.03M | 145.36M | 149.71M | 125.79M |
Total operating expenses | 825.24M | 907.07M | 718.93M | 469.48M | 459.61M | 410.42M | 368.25M | 324.02M | 329.39M | 214.68M |
Operating income | 453.32M | 356.06M | -81.33M | 20.61M | 111.19M | 364.65M | 269.34M | 93.16M | 247.37M | 366.31M |
Other income (expenses), net | -44.79M | 407K | 219.80M | -85.94M | 68.47M | 28.66M | -105.36M | 53.97M | -23.9M | -45.48M |
Income before tax | 408.52M | 356.46M | 138.46M | 134.48M | 179.67M | 298.49M | 134.52M | 87.65M | 223.47M | 320.83M |
Income tax expense | 59.50M | 73.35M | 35.84M | -1.98M | 42.06M | 61.96M | 40.95M | 17.97M | 49.51M | 77.43M |
Net income | 274.18M | 239.96M | 95.24M | 146.70M | 171.58M | 237.07M | 99.57M | 65.24M | 171.86M | 239.50M |
Earnings per share | ||||||||||
Basic EPS | 4.27 | 3.73 | 1.55 | 2.46 | 2.88 | 3.88 | 1.71 | 1.13 | 3.08 | 4.4 |
Diluted EPS | 3.87 | 3.44 | 1.46 | 2.38 | 2.84 | 3.81 | 1.69 | 1.12 | 2.93 | 4.11 |
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