Canadian Solar Inc. (CSIQ)

Canadian Solar Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	7,614	7,469	5,277	3,476	3,201
Revenue Growth (YoY)	1.94%	41.53%	51.80%	8.62%	-14.53%
Cost of Revenue	6,334	6,205	4,368	2,787	2,482
Gross Profit	1,280	1,263	909.31	689.91	718.5
Selling, General & Admin	810.16	901.06	707.59	449.84	423.11
Research & Development	100.84	69.82	58.41	45.17	47.05
Other Operating Expenses	-84.34	-63.8	-47.07	-25.52	-10.54
Operating Expenses	826.66	907.08	718.93	469.48	459.62
Operating Income	453.32	356.06	190.38	220.43	258.88
Interest Expense / Income	114.1	74.27	58.15	71.87	81.33
Other Expense / Income	5.53	-31.53	1.14	3.84	-36.1
Pretax Income	333.69	313.32	131.09	144.72	213.65
Income Tax	59.5	73.35	35.84	-1.98	42.07
Net Income	274.19	239.97	95.25	146.7	171.59
Net Income Growth	14.26%	151.94%	-35.07%	-14.50%	-27.62%
Shares Outstanding (Basic)	65	64	62	60	60
Shares Outstanding (Diluted)	72	71	69	62	61
Shares Change	1.42%	3.36%	10.54%	2.52%	-2.43%
EPS (Basic)	4.19	3.73	1.55	2.46	2.88
EPS (Diluted)	3.87	3.44	1.46	2.38	2.83
EPS Growth	12.50%	135.62%	-38.66%	-15.90%	-27.06%
Free Cash Flow	-866.58	298.42	-800.8	-455.48	309.03
Free Cash Flow Per Share	-13.26	4.64	-13.00	-7.64	5.18
Gross Margin	16.81%	16.91%	17.23%	19.85%	22.45%
Operating Margin	5.95%	4.77%	3.61%	6.34%	8.09%
Profit Margin	3.60%	3.21%	1.80%	4.22%	5.36%
Free Cash Flow Margin	-11.38%	4.00%	-15.17%	-13.10%	9.66%
Effective Tax Rate	17.83%	23.41%	27.34%	-1.37%	19.69%
EBITDA	754.83	622.15	472.01	425.71	454.7
EBITDA Margin	9.91%	8.33%	8.94%	12.25%	14.21%
Depreciation & Amortization	307.04	234.56	282.77	209.12	159.72
EBIT	447.79	387.59	189.25	216.59	294.98
EBIT Margin	5.88%	5.19%	3.59%	6.23%	9.22%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).