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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating activities:      
Net income $ 166,555 $ 242,431 $ 102,983
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 159,723 129,256 99,273
Loss on disposal of property, plant and equipment 1,227 2,565 13,976
Gain on disposal of solar power systems (1,666) (36,098) (27,803)
Gain on disposal of investment in affiliates (1,928) (47,102)  
Impairment loss of property, plant and equipment 21,866 30,968 11,626
Impairment loss of project assets 20,194 9,016 0
Impairment of long-lived assets 0 5,738 3,686
Loss on change in fair value of derivatives, net 22,218 19,230 272
Equity in loss of unconsolidated investees (28,948) (5,908) (9,411)
Allowance for doubtful accounts 1,250 2,812 7,265
Non-cash operating lease expenses 14,318    
Write-down of inventories 19,447 14,646 17,820
Share-based compensation 10,682 10,258 9,314
Unrealized gain (loss) from sales to affiliates 6,194 (13,573) 13,065
Changes in operating assets and liabilities:      
Accounts receivable trade 51,670 (179,607) 46,337
Accounts receivable, unbilled (15,268) 1,158 2,345
Amounts due from related parties (17,347) 9,237 (10,089)
Inventories (312,781) 55,408 (49,024)
Value added tax recoverable (849) (9,206) (38,190)
Advances to suppliers (27,066) 29,001 (15,990)
Project assets 28,527 (30,501) (128,982)
Prepaid expenses and other current assets 33,283 (2,208) (49,813)
Other non-current assets (24,037) 9,387 (23,795)
Accounts payable 209,175 47,756 (27,758)
Short-term notes payable 185,827 (173,148) 243,685
Amounts due to related parties (5,798) 10,467 33,908
Other payables 42,810 39,791 (5,889)
Advances from customers 96,115 (11,225) (44,985)
Operating lease liabilities (12,566)    
Other liabilities (10,851) (29,691) (18,774)
Accrued warranty costs 4,624 (3,563) (6,726)
Prepaid land use rights 2,622 6,557 (30,087)
Goodwill 1,005 5,243 1,369
Liability for uncertain tax positions (4,775) 10,863 833
Deferred taxes (12,455) 37,591 84,939
Net settlement of derivatives (27,012) 28,731 (1,460)
Loss contingency accruals 4,126    
Net cash provided by (used in) operating activities 600,111 216,280 203,920
Investing activities:      
Investments in affiliates (7,684) (11,036) (92,925)
Return of investment from affiliates 3,012 816 4,233
Proceeds from disposal of investment in affiliates 1,649 337,773  
Purchase of property, plant and equipment and intangible assets (291,182) (316,282) (276,978)
Purchase of solar power systems     (33,697)
Proceeds from disposal of solar power systems 103 17,800 128,768
Proceeds from insurance claim     43,930
Acquisition of subsidiaries, net of cash paid     (12,561)
Net cash provided by (used in) investing activities (294,102) 29,071 (239,230)
Financing activities:      
Proceeds from short-term borrowings 1,257,009 1,430,708 1,646,910
Repayment of short-term borrowings (1,649,721) (2,368,967) (2,068,069)
Proceeds from long-term borrowings 530,990 382,831 690,841
Acquisition of non-controlling interest (14,176) (6,591)  
Proceeds from non-controlling interests 11,488 10,470  
Proceeds from third party financing liabilities 3,000 119,095 12,243
Proceeds from sales-leaseback arrangement 9,044 35,944 61,142
Distributions to tax equity investors (1,120) (3,013) (9,582)
Repayment of finance lease obligation (42,658) (64,859) (30,128)
Repayment of short-term commercial paper     (138,953)
Payments for repurchase of convertible notes (127,500)    
Proceeds from exercise of stock options 875 769 879
Payments for repurchase of treasury stock (11,845)    
Net cash provided by (used in) financing activities (34,614) (463,613) 165,283
Effect of exchange rate changes (6,965) (38,725) 51,342
Net increase (decrease) in cash, cash equivalents and restricted cash 264,430 (256,987) 181,315
Cash, cash equivalents and restricted cash at the beginning of the year 940,990 1,190,134 1,007,700
Less: net decrease in cash, cash equivalents and restricted cash classified within assets held-for-sale   (7,843) (1,119)
Cash, cash equivalents and restricted cash at the end of the year 1,205,420 940,990 1,190,134
Supplemental disclosure of cash flow information:      
Interest paid (net of amounts capitalized) 85,362 103,236 113,513
Income taxes paid 40,454 32,135 45,483
Supplemental schedule of non-cash activities:      
Reclassification of solar power systems to project assets     4,782
Property, plant and equipment costs included in other payables $ 244,483 $ 228,970 $ 153,017