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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents, including consolidated variable interest entities of $4,066 as of December 31, 2016 $ 511,039 $ 553,079
Restricted cash - current, including consolidated variable interest entities of $25,958 as of December 31, 2016 487,516 534,707
Accounts receivable trade, net of allowance of $28,156 and $26,119 as of December 31, 2015 and 2016, respectively 400,251 426,803
Accounts receivable, unbilled 3,425 8,206
Amounts due from related parties 19,082 104,579
Inventories 295,371 334,489
Value added tax recoverable 55,680 44,615
Advances to suppliers - current, net of allowance of $6,498 and $6,482 as of December 31, 2015 and 2016, respectively 29,312 31,886
Derivative assets - current 12,270 6,259
Project assets - current, including consolidated variable interest entities of $114,440 as of December 31, 2016 1,317,902 111,317
Assets held-for-sale 392,089  
Deferred tax assets - current   30,013
Prepaid expenses and other current assets, including consolidated variable interest entities of $2,249 as of December 31, 2016 266,826 78,140
Total current assets 3,790,763 2,264,093
Restricted cash - non-current 9,145 46,897
Property, plant and equipment, net 462,345 331,052
Solar power systems, net 112,062 1,200,441
Deferred tax assets - non-current 229,980 97,134
Advances to suppliers - non-current, net of allowance of $22,131 and $13,045 as of December 31, 2015 and 2016, respectively 54,080 27,745
Prepaid land use rights, including consolidated variable interest entities of $689 as of December 31, 2016 48,651 29,092
Investments in affiliates 368,459 187,131
Intangible assets, net 8,422 78,938
Goodwill 7,617 7,609
Derivative assets - non-current 15,446 2,072
Project assets - non-current 182,391 2,814
Other non-current assets, including consolidated variable interest entities of $5,834 as of December 31, 2016 117,245 138,910
TOTAL ASSETS 5,406,606 4,413,928
Current liabilities:    
Short-term borrowings, including consolidated variable interest entities of $69,811 as of December 31, 2016 1,600,033 1,156,576
Accounts payable, including consolidated variable interest entities of $29,813 as of December 31, 2016 440,116 512,510
Short-term notes payable 296,663 473,247
Amounts due to related parties 19,912 90,002
Other payables, including consolidated variable interest entities of $22 as of December 31, 2016 223,584 159,886
Short-term commercial paper 131,432  
Advances from customers 90,101 76,207
Derivative liabilities - current 9,625 35,228
Deferred tax liabilities - current   1,426
Liabilities held-for-sale 279,272  
Financing liabilities 459,258  
Other current liabilities 171,070 151,242
Total current liabilities 3,721,066 2,656,324
Accrued warranty costs 61,139 65,193
Convertible notes 125,569 146,674
Long-term borrowings 493,455 606,577
Derivative liabilities - non-current   17,358
Liability for uncertain tax positions 8,431 14,468
Deferred tax liabilities - non-current 23,348 19,030
Loss contingency accruals 22,654 23,500
Other non-current liabilities 51,554 32,294
TOTAL LIABILITIES 4,507,216 3,581,418
Commitments and contingencies (Note 23)
Equity:    
Common shares - no par value: unlimited authorized shares, 55,965,443 and 57,830,149 shares issued and outstanding at December 31, 2015 and 2016, respectively 701,283 677,103
Additional paid-in capital (8,897) (17,139)
Retained earnings 284,109 218,860
Accumulated other comprehensive loss (91,814) (59,856)
Total Canadian Solar Inc. shareholders' equity 884,681 818,968
Non-controlling interests in subsidiaries 14,709 13,542
TOTAL EQUITY 899,390 832,510
TOTAL LIABILITIES AND EQUITY $ 5,406,606 $ 4,413,928