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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents, including consolidated variable interest entities of $4,066 and $33,993 as of December 31, 2016 and 2017, respectively $ 561,679 $ 511,039
Restricted cash - current, including consolidated variable interest entities of $25,958 and nil as of December 31, 2016 and 2017, respectively 617,761 487,516
Accounts receivable trade, net of allowance of $26,119 and $32,941 as of December 31, 2016 and 2017, respectively, including consolidated variable interest entities of nil and $2,787 as of December 31, 2016 and 2017, respectively 358,091 400,251
Accounts receivable, unbilled 1,253 3,425
Amounts due from related parties 26,102 19,082
Inventories 346,092 295,371
Value added tax recoverable, including consolidated variable interest entities of nil and $4,772 as of December 31, 2016 and 2017, respectively 94,503 55,680
Advances to suppliers - current, net of allowance of $6,482 and $5,705 as of December 31, 2016 and 2017, respectively, including consolidated variable interest entities of nil and $16 as of December 31, 2016 and 2017, respectively 61,399 29,312
Derivative assets - current 16,200 12,270
Project assets - current, including consolidated variable interest entities of $114,440 and $171,898 as of December 31, 2016 and 2017, respectively 1,523,342 1,317,902
Assets held-for-sale 182,797 392,089
Prepaid expenses and other current assets, including consolidated variable interest entities of $2,249 and $12,605 as of December 31, 2016 and 2017, respectively 296,084 266,826
Total current assets 4,085,303 3,790,763
Restricted cash - non-current 10,695 9,145
Property, plant and equipment, net 747,235 462,345
Solar power systems, net 63,964 112,062
Deferred tax assets - non-current 131,796 229,980
Advances to suppliers - non-current, net of allowance of $13,045 and $13,057 as of December 31, 2016 and 2017, respectively 38,325 54,080
Prepaid land use rights, including consolidated variable interest entities of $689 and $22,927 as of December 31, 2016 and 2017, respectively 78,649 48,651
Investments in affiliates 414,215 368,459
Intangible assets, net 10,986 8,422
Goodwill 6,248 7,617
Derivative assets - non-current 10,911 15,446
Project assets - non-current 148,170 182,391
Other non-current assets, including consolidated variable interest entities of $5,834 and $2,708 as of December 31, 2016 and 2017, respectively 143,130 117,245
TOTAL ASSETS 5,889,627 5,406,606
Current liabilities:    
Short-term borrowings, including consolidated variable interest entities of $69,811 and $214,128 as of December 31, 2016 and 2017, respectively 1,957,755 1,600,033
Accounts payable, including consolidated variable interest entities of $29,813 and nil as of December 31, 2016 and 2017, respectively 402,964 440,116
Short-term notes payable 572,631 296,663
Amounts due to related parties, including consolidated variable interest entities of nil and $272 as of December 31, 2016 and 2017, respectively 6,023 19,912
Other payables, including consolidated variable interest entities of $22 and nil as of December 31, 2016 and 2017, respectively 315,321 223,584
Short-term commercial paper   131,432
Advances from customers 51,739 90,101
Derivative liabilities - current 6,121 9,625
Liabilities held-for-sale 185,872 279,272
Financing liabilities - current 407,683 459,258
Other current liabilities, including consolidated variable interest entities of nil and $7,863 as of December 31, 2016 and 2017, respectively 201,903 171,070
Total current liabilities 4,108,012 3,721,066
Accrued warranty costs 55,659 61,139
Convertible notes 126,476 125,569
Long-term borrowings 404,341 493,455
Derivative liabilities - non-current 359  
Liability for uncertain tax positions 9,264 8,431
Deferred tax liabilities - non-current 5,562 23,348
Loss contingency accruals 25,682 22,654
Financing liabilities - non-current 12,243  
Other non-current liabilities, including consolidated variable interest entities of nil and $6,777 as of December 31, 2016 and 2017, respectively 82,254 51,554
TOTAL LIABILITIES 4,829,852 4,507,216
Commitments and contingencies (Note 23)
Equity:    
Common shares - no par value: unlimited authorized shares, 57,830,149 and 58,496,685 shares issued and outstanding at December 31, 2016 and 2017, respectively 702,162 701,283
Additional paid-in capital 417 (8,897)
Retained earnings 383,681 284,109
Accumulated other comprehensive loss (54,034) (91,814)
Total Canadian Solar Inc. shareholders' equity 1,032,226 884,681
Non-controlling interests in subsidiaries 27,549 14,709
TOTAL EQUITY 1,059,775 899,390
TOTAL LIABILITIES AND EQUITY $ 5,889,627 $ 5,406,606