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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating activities:      
Net income $ 173,316 $ 243,887 $ 45,565
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 94,217 82,627 80,821
Loss on disposal of property, plant and equipment 1,801 1,478 3,613
Impairment loss of property, plant and equipment 6,992 1,573 3,665
Impairment loss of project assets 0 2,311 1,558
(Gain) loss on change in fair value of derivatives 12,196 (19,656) (10,764)
Equity in loss (earnings) of unconsolidated investees 643 (487) 3,064
Allowance for doubtful accounts 3,673 (8,528) (975)
Write-down of inventories 23,013 16,951 715
Share-based compensation 5,966 5,088 6,175
Elimination of profit on sales to unconsolidated investees 15,637    
Changes in operating assets and liabilities:      
Accounts receivable trade (63,352) (73,777) (11,814)
Accounts receivable, unbilled 15,642 (17,308) (9,167)
Amounts due from related parties (99,893) 480 5,288
Inventories 50,821 (252,716) 34,667
Value added tax recoverable (22,725) (4,150) (1,405)
Advances to suppliers 7,967 (3,622) (5,747)
Project assets 70,943 89,536 (152,871)
Prepaid expenses and other current assets 36,745 (38,523) (2,333)
Other non-current assets (22,355) (8,446) (4,420)
Accounts payable (23,975) 135,812 44,231
Short-term notes payable 116,453 30,593 117,707
Amounts due to related parties 47,522 (2,166) 14,492
Other payables 12,484 14,498 (2,603)
Advances from customers (30,123) 40,311 51,357
Other liabilities 56,542 (16,282) 14,748
Accrued warranty costs 12,004 15,516 (19,199)
Prepaid land use rights   5,319 397
Liability for uncertain tax positions (1,111) (1,613) 2,495
Deferred taxes (112,263) 9,208 15,142
Settlement of derivatives 24,878 17,192 5,147
Net cash provided by operating activities 413,658 265,106 229,549
Investing activities:      
Increase in restricted cash (100,935) (27,585) (10,099)
Investment in affiliates (84,389) (72) (4,278)
Return of investment from unconsolidated investees 1,698 337  
Purchase of property, plant and equipment (90,905) (49,660) (23,132)
Purchase of solar power systems (551,863) (15,480)  
Loan to a third party   (24,382)  
Repayment of loan received from a third party 24,467    
Proceeds from disposal of investment on subsidiaries 3,615    
Distribution to non-controlling shareholders due to disposal of a subsidiary (4,225)    
Acquisition of subsidiaries, net of cash received (196,783)    
Proceeds from disposal of property, plant and equipment 216 793  
Net cash used in investing activities (999,104) (116,049) (37,509)
Financing activities:      
Proceeds from short-term borrowings 1,436,950 928,879 768,381
Repayment of short-term borrowings (1,308,235) (1,045,596) (1,073,503)
Proceeds from long-term borrowings 487,228 56,989 149,832
Profit distribution to a non-controlling interest (305)   (219)
Payment to non-controlling interests for sales of project companies   (5,483) (8,071)
Gross proceeds from issuance of common shares   115,009 50,000
Issuance costs paid for common shares offering   (6,091) (2,113)
Payment of financing costs (39,297)    
Purchase of shares from non-controlling shareholders (927)    
Proceeds from issuance of warrant 16,378    
Proceeds from sale of non-controlling interest in a project asset 1,685    
Proceeds from capital lease 25,246    
Repayment of capital lease obligation (1,107)    
Proceeds from issuance of convertible notes   150,000  
Issuance cost paid on convertible notes   (5,103)  
Proceeds from exercise of stock options 1,867 3,343 10,793
Net cash provided by (used in) financing activities 619,483 191,947 (104,900)
Effect of exchange rate changes (30,501) (19,711) (858)
Net increase in cash and cash equivalents 3,536 321,293 86,282
Cash and cash equivalents at the beginning of the year 549,543 228,250 141,968
Cash and cash equivalents at the end of the year 553,079 549,543 228,250
Supplemental disclosure of cash flow information:      
Interest paid (net of amounts capitalized) 49,619 47,227 47,344
Income taxes paid 87,348 14,016 23,813
Supplemental schedule of non-cash activities:      
Amounts due from disposal of subsidiaries or affiliates included in prepaid expenses and other current assets     137
Amounts due to non-controlling interests for sales of project companies included in payables   1,765 4,093
Property, plant and equipment costs included in other payables 34,161 23,541 14,057
Solar power systems costs included in accounts payables 115,887 $ 339  
Module contribution in exchange for non-controlling interests in affiliates     $ 5,791
Reclassification of a partial interest from project assets to investment in connection with a sale of 51% equity in the project $ 84,200