SOL · As filed with the SEC
Emeren Group balance sheet, by fiscal year
The statement as Emeren Group presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
CONSOLIDATED BALANCE SHEETS · USD
| USD | FY2024 Dec 31, 2024 | FY2023 Dec 31, 2023 | FY2022 Dec 31, 2022 | FY2021 Dec 31, 2021 |
|---|---|---|---|---|
| Statement | ||||
| ASSETS | ||||
| Current assets: | ||||
| Cash and cash equivalents | 50,012,000 | 70,174,000 | 107,104,714 | 254,065,589 |
| Restricted cash | — | 0 | 182,544 | 316,777 |
| Accounts receivable trade, net | 21,121,000 | 27,123,000 | 21,670,452 | 34,348,925 |
| Accounts receivable unbilled, net | 41,330,000 | 59,598,000 | 43,882,041 | 11,473,590 |
| Advances to suppliers | 568,000 | 4,283,000 | 1,016,895 | 276,737 |
| Value added tax recoverables | 8,005,000 | 7,103,000 | 5,929,157 | 4,600,213 |
| Project assets, current | 54,267,000 | 39,914,000 | 25,969,148 | 9,587,254 |
| Prepaid expenses and other current assets, net | 16,085,000 | 18,255,000 | 14,973,918 | 14,518,651 |
| Assets held for sale | — | — | — | 0 |
| Total current assets | 191,388,000 | 226,450,000 | 220,728,869 | 329,187,736 |
| Property, plant and equipment, net | 194,839,000 | 163,114,000 | 170,477,361 | 125,646,486 |
| Deferred tax assets, net | — | — | 0 | 776,261 |
| Project assets, non-current | 14,444,000 | 36,610,000 | 26,589,906 | 6,550,583 |
| Operating lease, right-of-use assets | 19,931,000 | 21,057,000 | 22,687,986 | 16,944,867 |
| Finance lease, right-of-use assets | 4,574,000 | 14,192,000 | 21,669,428 | 24,557,562 |
| Investment in U.S. treasury notes+ | — | — | 10,046,645 | — |
| Investment in U.S. treasury notes | — | 0 | — | — |
| Other non-current assets | 22,390,000 | 16,928,000 | 20,627,622 | 24,582,137 |
| Goodwill | — | 0 | 1,022,567 | 1,022,567 |
| Total assets | 447,566,000 | 478,351,000 | 493,850,384 | 529,268,199 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||||
| Current liabilities: | ||||
| Accounts payable | 11,892,000 | 16,203,000 | 7,117,891 | 3,764,839 |
| Advances from customers | 5,042,000 | 5,375,000 | 3,640,881 | 81,611 |
| Amounts due to related parties | — | — | 1,475,254 | 9,531,450 |
| Short-term borrowings | — | — | — | 0 |
| Bond payable | — | — | — | 0 |
| Related party | 4,028,000 | 4,967,000 | — | — |
| Long-term borrowings, current | 1,181,000 | 1,385,000 | 1,007,886 | — |
| Income tax payable | 606,000 | 2,102,000 | 862,045 | 843,923 |
| Salaries payable | 1,265,000 | 718,000 | 539,580 | 339,883 |
| Current portion | 659,000 | 363,000 | 1,211,706 | 726,842 |
| Failed sales-leaseback and finance lease liabilities, current | 5,014,000 | 4,559,000 | 9,993,277 | 11,366,707 |
| Other current liabilities | 19,831,000 | 21,320,000 | 17,448,789 | 8,443,963 |
| Liabilities held for sale | — | — | — | 0 |
| Total current liabilities | 49,518,000 | 56,992,000 | 43,297,309 | 35,099,218 |
| Long-term borrowings | — | 22,685,000 | 22,518,272 | 61,510 |
| Long-term borrowings, non-current | 23,515,000 | — | — | — |
| Non-current portion | 19,252,000 | 20,575,000 | 20,855,209 | 15,778,063 |
| Failed sales-leaseback and finance lease liabilities, non-current | 13,767,000 | 11,258,000 | 14,962,505 | 29,916,924 |
| Deferred tax liabilities | 3,494,000 | 3,532,000 | 3,573,146 | — |
| Total liabilities | 109,546,000 | 115,042,000 | 105,206,441 | 80,855,715 |
| Shareholders' equity | ||||
| Common shares (1,000,000,000 shares and 1,000,000,000 shares; no par value, authorized at December 31, 2024 and 2023; 652,821,742 shares issued and 513,216,222 shares outstanding at December 31, 2024; 651,821,742 shares issued and 546,204,372 shares outstanding at December 31, 2023) | 806,714,000 | 806,714,000 | 806,283,220 | 847,378,968 |
| Additional paid-in capital | 15,104,000 | 14,728,000 | 13,500,452 | 12,396,170 |
| Treasury stock, at cost (124,703,920 and 90,715,770 shares as of December 31, 2024 and 2023, respectively) | (49,146,000) | (41,938,000) | (19,999,997) | (18,446,119) |
| Accumulated deficit | (453,040,000) | (440,563,000) | (437,376,829) | (432,705,128) |
| Accumulated other comprehensive loss | (19,116,000) | (13,629,000) | (15,113,859) | (4,618,323) |
| Emeren Group Ltd shareholders' equity | 300,516,000 | 325,312,000 | 347,292,987 | 404,005,568 |
| Non-controlling interest | 37,504,000 | 37,997,000 | 41,350,956 | 44,406,916 |
| Total shareholders' equity | 338,020,000 | 363,309,000 | 388,643,943 | 448,412,484 |
| Total liabilities and shareholders' equity | 447,566,000 | 478,351,000 | 493,850,384 | 529,268,199 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.