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EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2024

EARNINGS PER SHARE

EARNINGS PER SHARE

18. EARNINGS PER SHARE

The following table presents the calculation of basic and diluted earnings per share:

​

​	​	​	​	​	​	​	​	​	​
​	​	Years Ended December 31,
​		2022			2023			2024
Numerator:	​	​	​	​	​	​	​	​	​
Net income attributable to Canadian Solar Inc.	​	$	239,968	​	$	274,187	​	$	36,051
Dilutive effect of convertible notes	​	​	5,183	​	​	5,290	​	​	—
Net income attributable to Canadian Solar Inc. — diluted	​	$	245,151	​	$	279,477	​	$	36,051
Denominator:	​	​	​	​	​	​	​	​	​
Denominator for basic calculation — weighted average common shares — basic	​		64,324,558	​		65,375,084	​		66,616,400
Diluted effects of share number from RSUs	​		586,420	​		546,765	​		323,028
Dilutive effects of share number from convertible notes	​	​	6,272,157	​	​	6,272,157	​	​	—
Denominator for diluted calculation — weighted average common shares — diluted	​		71,183,135	​		72,194,006	​		66,939,428
Basic earnings per share	​	$	3.73	​	$	4.19	​	$	0.54
Diluted earnings per share	​	$	3.44	​	$	3.87	​	$	0.54

​

18. EARNINGS PER SHARE (Continued)

​

For the calculation of diluted earnings per share, the effect of the convertible notes was excluded for the year ended December 31, 2024, as their inclusion would have been anti-dilutive. The anti-dilutive shares excluded for the periods indicated are summarized below:

​

​	​	​	​	​	​	​
​	​	Years Ended December 31,
​		2022		2023		2024
RSUs and share options	​	9,295	​	48,598	​	241,652
Convertible notes	​	—	​	—	​	6,272,157

​

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/260/tableOfContent

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-3

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