XML 49 R35.htm IDEA: XBRL DOCUMENT v3.24.1.u1

NON-CONTROLLING INTERESTS

12 Months Ended

Dec. 31, 2023

NON-CONTROLLING INTERESTS

NON-CONTROLLING INTERESTS

26. NON-CONTROLLING INTERESTS

​

In 2023, CSI Solar completed its IPO and its shares began trading on the STAR Market of the SSE. The IPO raised net proceeds of approximately $927,897, of which, $644,873 was recorded in the non-controlling interest, $244,629 was recorded in the additional paid in capital and $38,395 was recorded in accumulated other comprehensive loss.

Following the IPO, the Company holds approximately 62.24% of CSI Solar. CSI Solar’s non-controlling interests’ ownership of the subsidiary changed from 20.41% to 37.76% due to the IPO.

The following schedule shows the effects of changes in the Company’s ownership interest in less than wholly owned subsidiaries on equity attributable to Canadian Solar Inc.:

​

​	​	​	​	​	​	​	​	​	​
​	​	Year ended December 31,
​		2021			2022			2023
Net income attributable to Canadian Solar Inc.	​	$	95,248	​	$	239,968	​	$	274,187
Transfers from the non-controlling interests:	​			​			​
Increase in the Company’s paid-in capital from transfer of equity interest in subsidiary and subsidiary’s offering of its equity interests	​		—	​		11,185	​		244,629
Increase in the Company’s accumulated other comprehensive loss from transfer of equity interest in subsidiary and subsidiary’s offering of its equity interests	​		—	​		544	​		38,395
Net transfers from non-controlling interests	​		—	​		11,729	​		283,024
Change from net income attributable to Canadian Solar Inc. and transfers from non-controlling interests	​		95,248	​		251,697	​		557,211

​

X

- Definition

The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 810
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//810/tableOfContent

+ Details

Name:	us-gaap_MinorityInterestDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_NoncontrollingInterestAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration