SOL · As filed with the SEC
Emeren Group cash flow statement, 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 STATEMENTS OF CASH FLOWS · USD
| USD | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 |
|---|---|---|---|---|
| Operating activities: | ||||
| Net loss | (11,610,000) | (5,431,000) | (4,548,156) | 6,614,460 |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Depreciation | 6,915,000 | 7,830,000 | 6,817,331 | 6,794,404 |
| Allowances for credit losses | 3,506,000 | 3,736,000 | 774,419 | 2,314,201 |
| Write-off of current assets | — | — | 0 | 0 |
| Share-based compensation | 377,000 | 1,442,000 | 1,739,337 | 2,627,031 |
| Deferred tax provision | 132,000 | (40,000) | 4,349,407 | 418,462 |
| Loss on cancellation of project assets | 2,581,000 | 2,704,000 | 224,580 | 1,300,620 |
| Impairment loss of assets | — | 1,711,000 | 0 | 360,151 |
| Loss on disposals of property, plant and equipment | 40,000 | 2,479,000 | 171,347 | 333,821 |
| Gains on disposal of property, plant and equipment | — | — | 0 | (65,589) |
| Investment loss (gain) | 4,000 | (278,000) | (174,380) | — |
| Changes in operating assets and liabilities: | ||||
| Accounts receivable, trade and unbilled | 13,954,000 | (27,971,000) | (15,373,423) | (27,642,606) |
| Advances to suppliers | 3,208,000 | (3,277,000) | (740,157) | (128,932) |
| Value added tax receivable | — | (1,106,000) | (3,136,238) | (923,299) |
| Value added tax recoverables | (1,242,000) | — | — | — |
| Prepaid expenses and other current assets | 1,264,000 | (5,751,000) | (1,907,115) | (1,281,659) |
| Project assets | (18,462,000) | (25,812,000) | (35,331,947) | 10,035,195 |
| Other non-current assets | (4,805,000) | 4,592,000 | 1,425,195 | 2,064,699 |
| Accounts payable | (1,645,000) | 9,161,000 | (2,348,997) | (2,703,731) |
| Advances from customers | 12,000 | 1,610,000 | 3,559,270 | (790,180) |
| Amounts due to related parties | (1,004,000) | 2,661,000 | (108,293) | 1,763,018 |
| Other current liabilities | 3,347,000 | 6,840,000 | 6,373,344 | (7,141,701) |
| Income tax payable | (1,440,000) | 1,228,000 | 19,069 | (119,566) |
| Salaries payable | 575,000 | 184,000 | 199,697 | 70,533 |
| Net cash used in operating activities | (4,293,000) | (23,488,000) | (38,015,710) | (6,100,668) |
| Investing activities: | ||||
| Purchase of property, plant and equipment | (15,747,000) | (10,747,000) | (37,616,815) | (11,617,137) |
| Acquisition of business | — | — | 0 | 0 |
| Proceeds from disposals of property, plant and equipment | 277,000 | 0 | 2,620,412 | 31,273,922 |
| Proceeds from disposal of non-financial assets in subsidiary | 0 | 15,896,000 | — | — |
| Proceeds from lending by related parties | — | 0 | 433,285 | 0 |
| Lending to related parties | — | — | 0 | (433,285) |
| Purchase of U.S. treasury note | — | 0 | (9,984,765) | — |
| Proceeds from sale of U.S treasury note | 0 | 9,935,000 | — | — |
| Interest income from U.S. treasury note | — | 225,000 | 112,500 | — |
| Interest income from U.S. treasury note | 0 | — | — | — |
| Net cash (used in) provided by investing activities | (15,470,000) | 15,309,000 | (44,435,383) | 19,223,500 |
| Financing activities: | ||||
| Proceeds from banks and other third-party borrowings | 2,161,000 | 217,000 | 95,802 | 61,510 |
| Repayment of banks and other third-party borrowings | (2,107,000) | (1,853,000) | (713,342) | (30,204,213) |
| Contribution from non-controlling interest holders of subsidiaries | 0 | 111,000 | 0 | 2,118,240 |
| Proceeds from issuance of ordinary shares | 0 | 106,000 | 393,026 | 290,000,000 |
| Share issuance costs | — | — | 0 | (17,270,972) |
| Repurchase of shares | (7,208,000) | (21,938,000) | (43,677,707) | (18,446,119) |
| Proceeds from bonds | — | — | 0 | 2,358,546 |
| Repayment of bonds | — | — | 0 | (11,261,572) |
| Borrowings from related parties | 219,000 | 666,000 | 203,111 | 1,272,143 |
| Repayment of borrowings from related parties | — | — | 0 | 0 |
| Proceeds from failed sale-lease back | 8,838,000 | 7,686,000 | — | 0 |
| Repayment of finance lease obligations | (1,477,000) | (4,943,000) | (5,434,620) | (7,207,081) |
| Repayment of failed sale-lease back financing | (6,275,000) | (5,315,000) | (11,147,078) | (6,779,968) |
| Net cash used in financing activities | (5,849,000) | (25,263,000) | (60,280,808) | 204,640,514 |
| Effect of exchange rate changes | — | — | — | (4,057,291) |
| Effect of exchange rate changes | 5,450,000 | (3,672,000) | (4,363,207) | — |
| Net decrease in cash and cash equivalents and restricted cash | (20,162,000) | (37,114,000) | (147,095,108) | 213,706,055 |
| Cash and cash equivalents and restricted cash, beginning of year | 70,174,000 | 107,288,000 | 254,382,366 | 40,676,311 |
| Cash and cash equivalents and restricted cash, end of year | 50,012,000 | 70,174,000 | 107,287,258 | 254,382,366 |
| Supplemental schedule of cash flow information: | ||||
| Interest paid, net | 1,988,000 | 2,033,000 | 3,166,901 | 5,196,490 |
| Income tax paid | 3,575,000 | 1,305,000 | (1,310,546) | (366,352) |
| Payables for purchase of property, plant and equipment | — | (13,426,000) | (14,321,740) | (5,533,545) |
| Right-of-use assets obtained in exchange for lease liabilities | — | 0 | 5,252,612 | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.