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CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 343,994,679 $ 288,651,701
Restricted cash 178,270,427 187,594,816
Accounts receivable trade, net of allowance of $7,956,036 and $9,505,481 on December 31, 2010 and 2011, respectively 292,176,439 169,657,473
Accounts receivable, unbilled 88,503,888  
Amount due from related parties 19,835,942 1,355,760
Inventories 296,568,127 272,096,575
Value added tax recoverable 16,974,452 42,296,999
Advances to suppliers, net of allowance of $2,930,978 and $9,458,683 on December 31, 2010 and 2011, respectively 11,309,132 27,320,901
Foreign currency derivative assets 2,726,538 2,182,677
Prepaid expenses and other current assets 45,217,918 43,508,018
Total current assets 1,295,577,542 1,034,664,920
Property, plant and equipment, net 510,069,436 330,459,978
Deferred tax assets 23,226,772 16,725,349
Advances to suppliers, net of allowance of $16,458,564 and $28,665,038 on December 31, 2010 and 2011, respectively 257,821 13,946,324
Prepaid land use right 13,805,283 13,377,894
Investments in affiliates 11,007,725 5,671,159
Intangible assets, net 8,516,234 2,695,312
Goodwill 2,264,847  
Other non-current assets 15,083,077 5,826,029
TOTAL ASSETS 1,879,808,737 1,423,366,965
Current liabilities:    
Short-term borrowings 743,687,062 540,520,075
Accounts payable 174,429,071 113,404,167
Short-term notes payable 131,568,540 9,969,217
Amounts due to related parties 3,007,809 2,445,020
Other payables 84,675,532 47,876,476
Advances from customers 65,216,074 8,971,102
Foreign currency derivative liabilities   2,452,162
Provision for firm purchase commitments   15,888,507
Other current liabilities 33,863,320 33,806,531
Total current liabilities 1,236,447,408 775,333,257
Accrued warranty costs 47,021,352 31,224,906
Convertible notes 950,301 905,816
Long-term borrowings 88,249,027 69,458,179
Liability for uncertain tax positions 12,300,940 11,460,330
Loss contingency accruals 27,862,017  
TOTAL LIABILITIES 1,412,831,045 888,382,488
Commitments and contingencies (Note 18)      
Equity:    
Common shares - no par value: unlimited authorized shares, 42,893,044 and 43,155,767 shares issued and outstanding at December 31, 2010 and 2011, respectively 502,402,939 501,145,991
Additional paid-in capital (53,331,445) (57,392,283)
Retained earnings (Accumulated deficit) (28,693,433) 62,110,767
Accumulated other comprehensive income 45,555,710 28,461,944
Total Canadian Solar Inc. shareholders' equity 465,933,771 534,326,419
Non-controlling interest 1,043,921 658,058
Total equity 466,977,692 534,984,477
TOTAL LIABILITIES AND EQUITY $ 1,879,808,737 $ 1,423,366,965