Canadian Solar Inc. (CSIQ)
NASDAQ: CSIQ · Real-Time Price · USD
12.33
-0.81 (-6.16%)
At close: Aug 31, 2026, 4:00 PM EDT
12.43
+0.10 (0.81%)
After-hours: Aug 31, 2026, 7:56 PM EDT
Canadian Solar Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | -186.3 | -104.13 | 36.05 | 274.19 | 239.97 | 95.25 |
Depreciation & Amortization | 813.55 | 555.05 | 501.44 | 307.04 | 234.56 | 282.77 |
Other Amortization | 2.06 | 2.06 | 1.49 | 2.15 | 1.3 | 1.46 |
Loss (Gain) From Sale of Assets | - | - | - | - | - | -10.01 |
Asset Writedown & Restructuring Costs | 125.32 | 125.32 | 119.74 | 22.18 | 62 | 23.24 |
Loss (Gain) From Sale of Investments | -6.93 | -6.93 | 1.19 | -12.7 | 0.36 | 25.5 |
Loss (Gain) on Equity Investments | 28.88 | 28.88 | 12.14 | -14.61 | -15.44 | -7.26 |
Stock-Based Compensation | 24.41 | 24.41 | 21.4 | 55.34 | 9.37 | 8.81 |
Provision & Write-off of Bad Debts | -1.45 | -1.45 | 39.06 | 12.01 | 5.77 | 7.62 |
Other Operating Activities | -403.99 | 93.11 | 34.16 | 228.76 | 142.38 | -48.15 |
Change in Accounts Receivable | 247.96 | 247.96 | -263.97 | 15.41 | -380.64 | -293.57 |
Change in Inventory | -196.62 | -196.62 | -250.06 | 237.68 | -459.24 | -549.16 |
Change in Accounts Payable | -216.98 | -216.98 | 268.21 | 13.12 | 351.54 | 11.02 |
Change in Unearned Revenue | -44.64 | -44.64 | -184.26 | 59.38 | 209.86 | -54 |
Change in Income Taxes | - | - | - | - | - | -7.28 |
Change in Other Net Operating Assets | -751.78 | -758.79 | -1,222 | -515.33 | 514.85 | 105.51 |
Operating Cash Flow | -566.51 | -252.74 | -885.32 | 684.62 | 916.63 | -408.25 |
Operating Cash Flow Growth | - | - | - | -25.31% | - | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -1,001 | -1,391 | -1,870 | -1,525 | -628 | -429.5 |
Sale of Property, Plant & Equipment | 92.09 | 92.09 | - | - | - | 36.95 |
Cash Acquisitions | -14.76 | -14.76 | -10.91 | -9.45 | - | - |
Investment in Securities | -181.68 | -181.68 | -93.47 | -113.4 | -19.36 | -37.02 |
Other Investing Activities | 248.62 | -7.69 | 12.53 | -23.1 | 16.86 | - |
Investing Cash Flow | -857.18 | -1,503 | -1,962 | -1,671 | -630.49 | -429.57 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | 1,137 | 1,775 | 1,566 | 1,388 | 1,742 |
Long-Term Debt Issued | - | 2,812 | 1,506 | 1,230 | 770.37 | 633.78 |
Total Debt Issued | 4,128 | 3,949 | 3,281 | 2,796 | 2,158 | 2,376 |
Short-Term Debt Repaid | - | -2,466 | -1,551 | -1,604 | -1,696 | -1,880 |
Long-Term Debt Repaid | - | -278.04 | -72.21 | -39.8 | -19.22 | -23.09 |
Total Debt Repaid | -2,744 | -2,744 | -1,623 | -1,643 | -1,715 | -1,903 |
Net Debt Issued (Repaid) | 1,384 | 1,205 | 1,658 | 1,152 | 443.13 | 472.87 |
Issuance of Common Stock | - | - | - | - | - | 148.51 |
Other Financing Activities | -382.96 | 142.45 | 662.13 | 900.36 | -14.49 | -7.3 |
Financing Cash Flow | 1,001 | 1,348 | 2,320 | 2,053 | 428.64 | 614.07 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | 8.66 | 85.14 | -154.6 | -89.1 | -179.56 | 18.32 |
Net Cash Flow | -413.85 | -323.59 | -682.41 | 976.93 | 535.22 | -205.43 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | -1,568 | -1,644 | -2,756 | -840.85 | 288.63 | -837.75 |
Free Cash Flow Growth | - | - | - | - | - | - |
Free Cash Flow Margin | -31.42% | -29.39% | -45.98% | -11.04% | 3.86% | -15.88% |
Free Cash Flow Per Share | -23.14 | -24.41 | -41.17 | -11.65 | 4.05 | -12.16 |
Levered Free Cash Flow | -1,288 | -1,035 | -2,070 | -274.33 | 427.45 | -651.55 |
Unlevered Free Cash Flow | -1,160 | -925.73 | -1,985 | -205.17 | 472.57 | -616.67 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 170.5 | 170.5 | 130.96 | 121.67 | 76.51 | 71.01 |
Cash Income Tax Paid | 149.71 | 149.71 | 113.91 | 83.08 | 77.4 | 57.4 |
Change in Working Capital | -962.05 | -969.07 | -1,652 | -189.74 | 236.36 | -787.47 |