Canadian Solar Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	1,763	1,701	1,939	981.43	869.83	1,179
Short-Term Investments	-	93.66	19.32	22.08	20.2	15.06
Cash & Short-Term Investments	1,763	1,795	1,958	1,004	890.03	1,194
Cash Growth	-18.70%	-8.32%	95.12%	12.75%	-25.45%	78.51%
Accounts Receivable	1,050	1,261	1,006	1,029	688.62	437.42
Other Receivables	259.46	403.88	339.75	328.46	471.29	338.66
Receivables	1,309	1,665	1,346	1,357	1,160	776.08
Inventory	1,244	1,207	1,180	1,524	1,192	695.98
Prepaid Expenses	930.5	165.85	127.85	124.53	141.09	106.63
Restricted Cash	405.75	551.39	999.93	978.12	560.63	458.33
Other Current Assets	732.45	532.84	483.89	657.23	827.8	954.99
Total Current Assets	6,385	5,917	6,095	5,645	4,772	4,186
Property, Plant & Equipment	5,789	5,530	4,277	2,295	1,616	1,343
Long-Term Investments	276.08	257.56	260.18	123.98	98.9	78.29
Other Intangible Assets	31.99	31.03	19.73	17.53	18.99	84.84
Long-Term Deferred Tax Assets	388.13	473.5	263.46	229.23	236.5	170.66
Other Long-Term Assets	2,286	1,302	979.98	726.67	645.69	674.46
Total Assets	15,157	13,512	11,896	9,037	7,388	6,537
Accounts Payable	1,818	1,704	1,692	2,299	1,384	1,226
Accrued Expenses	-	1.44	1.44	1.44	1.44	1.68
Short-Term Debt	2,428	1,647	1,513	1,110	1,593	912.55
Current Portion of Long-Term Debt	125.06	455.17	291.98	333.52	-	488.53
Current Portion of Leases	25.89	75.61	108.38	24.51	12.19	37.09
Current Unearned Revenue	221.65	417.28	725.81	406.75	234.01	224.48
Other Current Liabilities	1,349	1,118	1,531	1,083	813.33	698.33
Total Current Liabilities	5,968	5,419	5,864	5,259	4,038	3,588
Long-Term Debt	3,729	2,884	1,656	1,071	781.99	669.3
Long-Term Leases	344.66	403.96	188.5	40.09	23.22	15.6
Long-Term Unearned Revenue	-	210.05	52.69	-	-	-
Long-Term Deferred Tax Liabilities	117.35	204.83	82.83	66.63	48.15	49.08
Other Long-Term Liabilities	638.25	239.86	346.31	293.93	370.41	321.73
Total Liabilities	10,798	9,362	8,191	6,730	5,262	4,644
Common Stock	835.54	835.54	835.54	835.54	835.54	687.03
Additional Paid-In Capital	579.55	590.58	292.74	1.13	-	-
Retained Earnings	1,568	1,586	1,550	1,276	1,036	940.3
Comprehensive Income & Other	-114.81	-196.38	-118.74	-170.55	-70.01	-56.92
Total Common Equity	2,868	2,816	2,559	1,942	1,801	1,570
Minority Interest	1,491	1,334	1,146	365.06	325.36	322.36
Shareholders' Equity	4,359	4,150	3,705	2,307	2,126	1,893
Total Liabilities & Equity	15,157	13,512	11,896	9,037	7,388	6,537
Total Debt	6,653	5,466	3,758	2,579	2,410	2,123
Net Cash (Debt)	-4,890	-3,671	-1,800	-1,576	-1,520	-929.27
Net Cash Per Share	-72.44	-54.84	-24.93	-22.14	-22.07	-14.91
Filing Date Shares Outstanding	67.62	66.96	66.16	64.64	64.15	59.87
Total Common Shares Outstanding	67.62	66.95	66.16	64.51	64.02	59.82
Working Capital	417.29	498.17	231.06	385.89	733.68	597.47
Book Value Per Share	42.42	42.05	38.68	30.10	28.13	26.25
Tangible Book Value	2,836	2,784	2,540	1,924	1,782	1,486
Tangible Book Value Per Share	41.94	41.59	38.39	29.83	27.84	24.83
Land	-	56.23	45.4	39.29	31.69	20.23
Buildings	-	967.76	978.92	764.58	720.37	533.65
Machinery	-	3,975	2,939	1,714	1,653	1,457
Construction In Progress	-	1,342	1,125	568.56	105.66	200.29
Leasehold Improvements	-	188.78	44.28	30.9	32.81	14.8

Source: S&P Global Market Intelligence. Standard template. Financial Sources.