Canadian Solar Inc. (CSIQ)

Canadian Solar Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-183.76	-77.86	363.63	298.56	109.88
Depreciation & Amortization	-	501.44	307.04	234.56	282.77
Stock-Based Compensation	-	21.4	55.34	9.37	8.81
Other Adjustments	-	321.69	148.34	137.79	-22.23
Change in Receivables	-	-263.97	24.62	-380.64	-362.48
Changes in Inventories	-	-312.52	182.77	-406.34	-518.74
Changes in Accounts Payable	-	46.99	-576.88	1,073	161.83
Changes in Accrued Expenses	-	90.84	193.82	-0.42	115.28
Changes in Income Taxes Payable	-	-	-0.03	-	-7.28
Changes in Unearned Revenue	-	-184.26	59.38	209.86	-54
Changes in Other Operating Activities	-	-1,029	-73.42	-258.67	-122.08
Operating Cash Flow	-252.74	-885.32	684.62	916.63	-408.25
Operating Cash Flow Growth	-	-	-25.31%	-	-
Capital Expenditures	-962.25	-1,113	-1,153	-627.12	-428.73
Sale of Property, Plant & Equipment	-	-	10.32	-	18.56
Purchases of Investments	-	-93.47	-113.83	-19.36	-54
Proceeds from Sale of Investments	-	-	3.06	-	16.98
Payments for Business Acquisitions	-	-10.91	-9.45	-	-
Proceeds from Business Divestments	-	-	0.07	-	18.4
Other Investing Activities	-541.24	-745.05	-409	15.98	-0.78
Investing Cash Flow	-1,503	-1,962	-1,671	-630.49	-429.57
Short-Term Debt Issued	-	1,775	1,566	1,388	1,742
Short-Term Debt Repaid	-	-1,551	-1,604	-1,696	-1,880
Net Short-Term Debt Issued (Repaid)	-	224.04	-37.33	-308.03	-137.82
Long-Term Debt Issued	-	1,506	1,230	770.37	633.78
Long-Term Debt Repaid	-	-72.21	-67.81	-19.22	-23.09
Net Long-Term Debt Issued (Repaid)	-	1,434	1,162	751.15	610.69
Issuance of Common Stock	-	-	-	-	148.51
Repurchase of Common Stock	-70.14	-79.58	-	-	-
Net Common Stock Issued (Repurchased)	-70.14	-79.58	-	-	148.51
Other Financing Activities	1,418	741.72	928.37	-14.49	-7.3
Financing Cash Flow	1,348	2,320	2,053	428.64	614.07
Effect of Exchange Rate Changes on Cash and Cash Equivalents	85.14	-154.6	-89.1	-179.56	18.32
Net Cash Flow	-323.59	-682.41	976.93	535.22	-205.43
Free Cash Flow	-1,215	-1,998	-467.97	289.52	-836.98
FCF Margin	-21.72%	-33.34%	-6.15%	3.88%	-15.86%
Free Cash Flow Per Share	-18.04	-29.85	-6.48	4.07	-12.15
Levered Free Cash Flow	-1,066	-305.74	338.74	907.54	-2.84
Unlevered Free Cash Flow	-1,068	-2,205	-845.88	379.68	-552.53

Updated Mar 19, 2026. Data Source: Fiscal.ai. Utilities template. Financial Sources.

SEC Filings: 10-K · 10-Q