← JinkoSolar Holding Co., Ltd.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income From Continuing Operations | — | — | — | — | — | — | $1.6b | $6.5b | $13.5m | ($7.1b) | |
| Net Income (Loss) Attributable to Parent | $263.1m |
$21.8m
-91.72%
|
$59.1m
+171.44%
|
$129.1m
+118.34%
|
$35.3m
-72.65%
|
$113.1m
+220.45%
|
$90.0m
-20.49%
|
$485.6m
+439.72%
|
$7.5m
-98.46%
|
($635.6m)
-8605.82%
|
|
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $286.9m | $21.9m | $59.0m | $132.8m | $51.4m | $150.0m | $226.9m | $908.8m | $1.8m | ($1.0b) | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | $3.7m | $16.1m | ($36.8m) | $137.0m | $423.3m | — | — | |
| Depreciation | $64.7m | $92.3m | $116.6m | $105.9m | $177.9m | $251.7m | $374.8m | $1.1b | $1.0b | $1.1b | |
| Amortization of Debt Issuance Costs | — | — | $1.1m | $525k | $0 | $0 | — | — | — | — | |
| Amortization of Intangible Assets | $461k | $535k | $613k | $980k | $1.6m | $1.9m | $2.5m | $17.1m | $12.0m | $17.5m | |
| Amortization Cash Flow | — | — | — | — | — | — | $44.7m | $160.4m | $127.8m | $162.8m | |
| Amortization Of Intangibles | — | — | — | — | — | — | $44.7m | $160.4m | $127.8m | $162.8m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $2.8b | $8.2b | $7.8b | $8.0b | |
| Deferred Income Tax Expense (Benefit) | $3.2m | ($1.2m) | ($106.9m) | $291.6m | $94.2m | $262.4m | ($320.7m) | ($119.1m) | ($195.4m) | ($2.7b) | |
| Deferred Income Tax | — | — | — | — | — | — | ($320.7m) | ($845.4m) | ($1.4b) | ($2.0b) | |
| Deferred Tax | — | — | — | — | — | — | ($320.7m) | ($845.4m) | ($1.4b) | ($2.0b) | |
| Share-based Payment Arrangement, Noncash Expense | $29.3m | $10.0m | $4.3m | $658k | $141k | $1.6m | $145.1m | $121.5m | $50.1m | $32.3m | |
| Share-based Payment Arrangement, Expense | $89.6m | $64.9m | $29.3m | $4.6m | $923k | $9.9m | — | $862.6m | $365.8m | $225.7m | |
| Asset Impairment Charge | — | — | — | — | — | — | $2.2b | $3.5b | $4.6b | $5.0b | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | — | — | — | $2.9m | — | — | — | — | $0 | ($14.3m) | |
| Income (Loss) from Equity Method Investments | $2.2m | ($316k) | $380k | ($7.0m) | ($8.1m) | $9.4m | $28.1m | $31.4m | ($24.3m) | ($21.1m) | |
| Other Nonoperating Income (Expense) | $8.8m | $59.6m | $25.8m | $17.9m | $2.3m | $1.9m | $1.6m | $26.1m | $308.0m | ($219.9m) | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | ($193.7m) | ($222.7m) | $177.0m | $147.9m | |
| Changes in operating assets and liabilities: | |||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($12.2b) | ($3.1b) | $6.3b | ($4.0b) | |
| Increase (Decrease) in Accounts Receivable | $411.8m | ($34.8m) | $131.7m | ($24.2m) | ($55.5m) | $575.3m | $1.2b | $959.0m | ($1.2b) | $26.7m | |
| Change In Receivables | — | — | — | — | — | — | ($14.0b) | ($4.2b) | $8.6b | ($1.1b) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($8.7b) | ($7.0b) | $8.3b | $86.4m | |
| Increase (Decrease) in Inventories | $288.2m | $17.6m | $245.9m | $30.1m | $432.6m | $894.2m | $877.6m | $540.2m | ($328.1m) | $767.6m | |
| Inventory Write-down | $63.2m | $48.2m | $32.0m | $19.5m | $41.5m | $129.2m | $263.8m | $402.7m | $454.2m | $481.5m | |
| Change In Inventory | — | — | — | — | — | — | ($6.1b) | ($3.8b) | $2.4b | ($5.4b) | |
| Increase (Decrease) in Accounts Payable | $127.5m | $60.0m | $94.8m | — | — | — | — | — | — | — | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $6.5b | $8.3b | ($4.8b) | $2.4b | |
| Change In Accrued Expense | — | — | — | — | — | — | $795.1m | $822.0m | ($19.8m) | ($133.9m) | |
| Change In Other Current Assets | — | — | — | — | — | — | $151.5m | $62.7m | $20.7m | $55.7m | |
| Change In Other Current Liabilities | — | — | — | — | — | — | ($22.4m) | $21.5m | ($141.7m) | ($98.2m) | |
| Net Cash Provided by (Used in) Operating Activities | ($259.7m) |
($27.2m)
+89.52%
|
$89.4m
+428.39%
|
$202.6m
+126.70%
|
$90.6m
-55.26%
|
$67.6m
-25.45%
|
($841.0m)
-1344.54%
|
$1.9b
+331.54%
|
$2.3b
+18.54%
|
$154.7m
-93.30%
|
|
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $284.5m | $334.8m | $352.2m | $473.7m | $621.5m | $1.4b | $1.8b | $2.2b | $1.2b | $455.6m | |
| Property, plant and equipment acquisitions funded by liabilities | $284.5m | $334.8m | $352.2m | $473.7m | $621.5m | $1.4b | $1.8b | $2.2b | $1.2b | $455.6m | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($4.8m) | $12.7m | ($7.0m) | ($9.8m) | $65.6m | ($55.0m) | ($36.0m) | ($15.2m) | ($59.1m) | ($4.5m) | |
| Payments to Acquire Investments | $24.0m | $29.5m | $87.3m | — | — | — | — | — | — | — | |
| Unrealized Gain (Loss) on Investments | — | — | — | — | — | — | — | $1.1m | $22.3m | $3.5m | |
| Payments to Acquire Businesses, Net of Cash Acquired | ($10.0m) | $0 | $0 | — | — | — | $13.2m | — | — | — | |
| Net Other Investing Changes | — | — | — | — | — | — | $119.2m | $1.3b | $4.7b | $656.2m | |
| Net Cash Provided by (Used in) Investing Activities | — | ($374.0m) | ($572.3m) | ($865.5m) | ($753.8m) | ($1.8b) | ($1.8b) | ($2.1b) | ($397.6m) | ($769.0m) | |
| Cash flows from financing activities: | |||||||||||
| Repayments of Long-term Debt | $115.2m | $0 | $0 | — | — | — | — | — | — | — | |
| Proceeds from Issuance of Long-term Debt | — | $45.8m | $0 | — | — | — | — | — | — | — | |
| Issuance Of Debt | — | — | — | — | — | — | $29.7b | $25.1b | $28.9b | $16.7b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $29.7b | $25.1b | $28.9b | $16.7b | |
| Long Term Debt Payments | — | — | — | — | — | — | ($27.8b) | ($21.1b) | ($22.8b) | ($13.8b) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $10.4b | $9.1b | ($8.4b) | $1.7b | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $1.8b | $4.0b | $6.1b | $2.9b | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | $8.6b | $5.1b | ($14.5b) | ($1.2b) | |
| Repayment Of Debt | — | — | — | — | — | — | ($27.8b) | ($21.1b) | ($22.8b) | ($13.8b) | |
| Proceeds from Issuance of Common Stock | — | — | $96.5m | $70.2m | — | $100.6m | — | — | — | — | |
| Common Stock Dividend Paid | — | — | — | — | — | — | $0 | ($559.6m) | ($547.7m) | ($486.8m) | |
| Common Stock Issuance | — | — | — | — | — | $641.1m | $0 | $0 | — | — | |
| Common Stock Payments | — | — | — | — | — | — | $0 | ($79.3m) | ($875.0m) | ($4.0m) | |
| Issuance Of Capital Stock | — | — | — | — | — | $641.1m | $0 | $0 | — | — | |
| Net Common Stock Issuance | — | — | — | — | — | — | $0 | ($79.3m) | ($875.0m) | ($4.0m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | $0 | ($79.3m) | ($875.0m) | ($4.0m) | |
| Cash Dividends Paid | — | — | — | — | — | — | $0 | ($559.6m) | ($547.7m) | ($486.8m) | |
| Dividends Received CFI | — | — | — | — | — | — | $0 | $127.4m | $127.1m | $11.8m | |
| Net Other Financing Charges | — | — | — | — | — | — | $9.6b | $140.6m | $3.6b | ($2.0b) | |
| Net Cash Provided by (Used in) Financing Activities | — | $324.3m |
$577.8m
+78.19%
|
$1.1b
+83.51%
|
$965.1m
-8.98%
|
$1.9b
+95.41%
|
$2.9b
+53.91%
|
$1.2b
-58.07%
|
($858.8m)
-170.56%
|
($108.5m)
+87.37%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $104.8m | $401.0m | $276.0m | $160.4m | $315.2m | $1.1b | $1.1b | ($686.3m) | |
| Beginning Cash Position | — | — | — | — | — | — | $9.1b | $11.3b | $19.4b | $27.7b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $506.4m | $901.2m | $1.2b | $1.4b | $1.6b | $2.7b | $3.8b | $3.3b | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | $228.0m | $849.0m | $630.9m | $254.6m | |
| Additional Supplementary Disclosures | |||||||||||
| Additional Supplementary Disclosures | |||||||||||
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $96.6m | $43.6m | $53.9m | $82.7m | $102.7m | $125.8m | $155.5m | $147.2m | $113.3m | $225.9m | |
| Income Taxes Paid, Net | — | — | — | — | — | — | $400.3m | $1.8b | $1.7b | $1.0b | |
| Non-cash transactions: | |||||||||||
| Additional Financial Items | |||||||||||
| Derivative, Gain (Loss) on Derivative, Net | ($46.2m) | — | — | — | — | — | — | — | — | — | |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | $145.2m | $0 | $0 | — | — | — | $12.5m | $0 | — | — | |
| Equity Securities, FV-NI, Gain (Loss) | — | — | — | — | — | — | $102.0m | $50.0m | $131.0m | $20.0m | |
| Fair Value, Option, Changes in Fair Value, Gain (Loss) | — | — | — | — | — | — | — | $0 | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | $30.1m | ($17.6m) | $4.9m | $1.3m | ($51.6m) | ($55.8m) | $148.7m | $132.1m | $66.4m | $1.0m | |
| Foreign Currency Transaction Gain (Loss), Unrealized | $43.1m | $845k | — | — | $38.4m | $8.6m | ($60.0m) | — | — | — | |
| Gain (Loss) on Disposition of Intangible Assets | ($167k) | ($298k) | $0 | — | — | — | — | ($2.0m) | ($852k) | ($295k) | |
| Gain (Loss) on Termination of Lease | — | — | — | — | — | — | — | — | ($3.5m) | ($2.1m) | |
| General and Administrative Expense | $112.2m | $72.4m | $113.4m | $152.1m | $216.0m | $308.1m | $508.7m | $645.6m | $629.9m | $472.6m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $990.7m | $141.7m | $406.5m | $898.7m | $230.4m | $721.0m | $621k | $3.4b | $54.5m | ($4.4b) | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $142.6m | $21.9m | $59.0m | $924.4m | $335.3m | $955.6m | $1.6m | $6.5b | $13.5m | ($7.1b) | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $144.3m | — | — | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $37.1m | $711k | $641k | $39.9m | $27.3m | $30.5m | $87.8m | $177.5m | $9.5m | ($317.6m) | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $156.6m | $194.5m | |
| Investment Income, Interest | — | — | — | — | — | — | $85.4m | $78.0m | $56.8m | $72.1m | |
| Operating Expenses | $363.0m | $409.8m | $417.3m | $531.8m | $672.3m | $871.8m | $1.7b | $1.8b | $1.8b | $1.5b | |
| Payments for Repurchase of Warrants | $5.1m | $0 | $0 | — | — | — | — | — | — | — | |
| Proceeds from Contributed Capital | — | — | — | — | — | — | — | — | $82.2m | $0 | |
| Proceeds from Noncontrolling Interests | — | — | $89.4m | $372.9m | $132.6m | — | $2.5m | $1.4m | $205.5m | $0 | |
| Proceeds from Stock Options Exercised | $3.1m | $10.7m | $6.4m | $5.5m | $17.6m | $1.6m | $729k | $0 | $506k | $0 | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | — | $4.3b | $5.4b | $6.4b | $12.1b | $16.7b | $12.6b | $9.4b | |
| Stock or Unit Option Plan Expense | $89.6m | $64.9m | — | — | — | — | — | — | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $20.0b | $8.6b | ($6.3b) | ($758.7m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($12.3b) | ($15.2b) | ($2.9b) | ($5.4b) | |
| Change In Account Payable | — | — | — | — | — | — | $3.6b | $5.6b | ($4.5b) | $2.9b | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $2.2b | $8.2b | $8.3b | ($4.8b) | |
| Change In Income Tax Payable | — | — | — | — | — | — | $522.9m | $343.8m | ($312.5m) | ($525.9m) | |
| Change In Other Working Capital | — | — | — | — | — | — | $3.3b | ($1.6b) | ($1.7b) | ($783.6m) | |
| Change In Payable | — | — | — | — | — | — | $5.7b | $7.5b | ($4.7b) | $2.6b | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($2.0b) | ($1.9b) | $1.9b | $903.1m | |
| Change In Tax Payable | — | — | — | — | — | — | $522.9m | $343.8m | ($312.5m) | ($525.9m) | |
| Changes In Cash | — | — | — | — | — | — | $1.9b | $7.3b | $7.7b | ($5.1b) | |
| End Cash Position | — | — | — | — | — | — | $11.3b | $19.4b | $27.7b | $22.9b | |
| Financing Cash Flow | — | — | — | — | — | — | $20.0b |
$8.6b
-56.84%
|
($6.3b)
-172.54%
|
($758.7m)
+87.90%
|
|
| Free Cash Flow | — | — | — | — | — | — | ($18.1b) | ($2.0b) | $7.5b | ($2.2b) | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $18.0m | ($92.4m) | ($30.4m) | ($118.9m) | |
| Gain Loss On Sale Of Business | — | — | — | — | — | — | ($14.2m) | $0 | ($488.3m) | $392.8m | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | $248.5m | $121.7m | $437.8m | $33.3m | |
| Investing Cash Flow | — | — | — | — | — | — | ($12.3b) | ($15.2b) | ($2.9b) | ($5.4b) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($706.4m) | $36.4m | $1.1b | $226.6m | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | — | ($1.0b) | ($938.1m) | ($484.4m) | ($7.0m) | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | — | ($42.4m) | ($198.7m) | ($275.8m) | ($114.6m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($67.7m) | ($1.2b) | $165.4m | ($3.2b) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($11.6b) | ($15.2b) | ($8.8b) | ($3.0b) | |
| Operating Gains Losses | — | — | — | — | — | — | ($967.4m) | ($1.1b) | ($388.3m) | $448.0m | |
| Other Non Cash Items | — | — | — | — | — | — | $12.1m | ($18.6m) | ($333.2m) | $169.8m | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $5.0m | $45.3m | $3.7m | $0 | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | $285.4m | $182.8m | $138.8m | $262.0m | |
| Purchase Of Business | — | — | — | — | — | — | ($706.4m) | $0 | ($54.3m) | $0 | |
| Purchase Of Intangibles | — | — | — | — | — | — | ($42.4m) | ($198.7m) | ($275.8m) | ($114.6m) | |
| Purchase Of Investment | — | — | — | — | — | — | ($327.0m) | ($1.4b) | ($1.1b) | ($4.3b) | |
| Purchase Of PPE | $284.5m | $334.8m | $352.2m | $473.7m | $621.5m | $1.4b | ($12.3b) | ($15.7b) | ($9.1b) | ($3.2b) | |
| Sale Of Business | — | — | — | — | — | — | $0 | $36.4m | $1.2b | $226.6m | |
| Sale Of Investment | — | — | — | — | — | — | $259.3m | $115.5m | $1.2b | $1.2b | |
| Sale Of PPE | — | — | — | — | — | — | $714.2m | $471.6m | $322.6m | $196.0m | |
| Stock Based Compensation | — | — | — | — | — | — | $1.0b | $862.6m | $365.8m | $225.7m | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | — | — | ($101.9m) | ($220.3m) | ($185.8m) | ($36.7m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.