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 | FY2020 Dec 31, 2020 | FY2019 Dec 31, 2019 | FY2018 Dec 31, 2018 | FY2017 Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|
| Statement | ||||||||
| ASSETS | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | 50,012,000 | 70,174,000 | 107,104,714 | 254,065,589 | 40,593,094 | 24,292,113 | 6,750,178 | 13,429,301 |
| Restricted cash | — | 0 | 182,544 | 316,777 | 83,217 | 405,040 | 2,275,866 | — |
| Accounts receivable trade, net | 21,121,000 | 27,123,000 | 21,670,452 | 34,348,925 | 20,187,786 | 13,835,019 | 34,483,462 | 23,312,086 |
| 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 | 143,482 | 248,130 | 379,568 | 379,792 |
| Value added tax recoverables | 8,005,000 | 7,103,000 | 5,929,157 | 4,600,213 | 3,651,593 | 7,508,251 | 12,808,144 | 15,228,594 |
| Income tax recoverable | — | — | — | — | — | — | — | 0 |
| Project assets, current | 54,267,000 | 39,914,000 | 25,969,148 | 9,587,254 | 24,992,068 | 32,125,312 | — | 76,556,400 |
| Prepaid expenses and other current assets, net | 16,085,000 | 18,255,000 | 14,973,918 | 14,518,651 | 44,826,334 | 6,070,654 | 14,318,076 | 10,542,822 |
| Project assets current | — | — | — | — | — | — | 64,257,766 | — |
| Deferred project costs | — | — | — | — | — | — | 0 | 17,957,041 |
| Assets held for sale | — | — | — | 0 | 2,271,015 | 18,578,626 | — | 0 |
| Contract costs | — | — | — | — | — | — | 0 | 12,668,709 |
| Total current assets | 191,388,000 | 226,450,000 | 220,728,869 | 329,187,736 | 136,748,589 | 103,063,145 | 135,273,060 | 170,074,745 |
| Property, plant and equipment, net | 194,839,000 | 163,114,000 | 170,477,361 | 125,646,486 | 119,943,471 | 143,301,385 | 190,787,262 | 154,659,077 |
| Deferred tax assets, net | — | — | — | — | — | — | 1,111,472 | 59,298 |
| Advances for purchases of property, plant and equipment, net | — | — | — | — | — | — | — | 0 |
| Project assets non-current | — | — | — | — | — | — | 44,081,599 | — |
| Deferred tax assets, net | — | — | 0 | 776,261 | 1,184,321 | 837,864 | — | — |
| Project assets, non-current | 14,444,000 | 36,610,000 | 26,589,906 | 6,550,583 | 3,278,924 | 6,522,539 | — | 7,480,574 |
| Deferred project costs non-current | — | — | — | — | — | — | — | 0 |
| Operating lease, right-of-use assets | 19,931,000 | 21,057,000 | 22,687,986 | 16,944,867 | 23,246,413 | 23,990,913 | — | — |
| Finance lease, right-of-use assets | 4,574,000 | 14,192,000 | 21,669,428 | 24,557,562 | 25,555,792 | 24,991,789 | — | — |
| 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 | 25,961,872 | 17,236,558 | 6,458,949 | 3,425,098 |
| Assets of discontinued operations non-current | — | — | — | — | — | — | — | 0 |
| Goodwill | — | 0 | 1,022,567 | 1,022,567 | 1,022,567 | — | — | — |
| Total assets | 447,566,000 | 478,351,000 | 493,850,384 | 529,268,199 | 336,941,949 | 319,944,193 | 377,712,342 | 335,698,792 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||||||||
| Short-term borrowings | — | — | — | — | — | — | 44,464,515 | 6,605,894 |
| Accounts payable | 11,892,000 | 16,203,000 | 7,117,891 | 3,764,839 | 6,313,330 | 20,431,093 | 12,050,201 | 25,787,686 |
| Advances from customers-current | — | — | — | — | — | — | — | 236,607 |
| Advances from customers | 5,042,000 | 5,375,000 | 3,640,881 | 81,611 | 900,604 | 86,316 | 102,510 | — |
| Amounts due to related parties | — | — | 1,475,254 | 9,531,450 | 7,656,569 | 2,747,632 | 23,238,984 | 60,370,065 |
| Short-term borrowings | — | — | — | 0 | 31,980,868 | 35,756,951 | — | — |
| Bond payable | — | — | — | 0 | 9,034,691 | 2,503,621 | — | — |
| 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 | 948,953 | 1,077,923 | 706,744 | 330,132 |
| Salaries payable | 1,265,000 | 718,000 | 539,580 | 339,883 | 266,373 | 438,288 | 425,207 | 560,416 |
| Deferred project revenue | — | — | — | — | — | — | 0 | 20,791,918 |
| Current portion | 659,000 | 363,000 | 1,211,706 | 726,842 | 1,092,797 | 452,740 | — | — |
| Failed sales-leaseback and finance lease liabilities, current | 5,014,000 | 4,559,000 | 9,993,277 | 11,366,707 | 8,097,055 | 9,579,203 | — | — |
| Other current liabilities | 19,831,000 | 21,320,000 | 17,448,789 | 8,443,963 | 19,828,633 | 27,163,335 | 52,748,907 | 30,514,235 |
| Liabilities held for sale | — | — | — | 0 | 2,188,765 | 9,168,366 | — | 0 |
| Total current liabilities | 49,518,000 | 56,992,000 | 43,297,309 | 35,099,218 | 88,308,638 | 109,405,468 | 133,737,068 | 145,196,953 |
| Long-term borrowings | — | 22,685,000 | 22,518,272 | 61,510 | 0 | 3,367,061 | 41,435,099 | 32,513,900 |
| Deferred project revenue non-current | — | — | — | — | — | — | — | 0 |
| Failed sale-lease back and capital lease liabilities | — | — | — | — | — | — | 77,874,770 | 67,505,469 |
| Liabilities of discontinued operations non-current | — | — | — | — | — | — | — | 0 |
| Long-term borrowings, non-current | 23,515,000 | — | — | — | — | — | — | — |
| Non-current portion | 19,252,000 | 20,575,000 | 20,855,209 | 15,778,063 | 21,410,701 | 22,887,949 | — | — |
| Failed sales-leaseback and finance lease liabilities, non-current | 13,767,000 | 11,258,000 | 14,962,505 | 29,916,924 | 43,962,529 | 46,736,540 | — | — |
| 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 | 153,681,868 | 182,397,018 | 253,046,937 | 245,216,322 |
| 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 | 574,499,870 | 530,208,240 | 519,313,350 | 519,225,850 |
| Additional paid-in capital | 15,104,000 | 14,728,000 | 13,500,452 | 12,396,170 | 7,769,742 | 9,712,935 | 9,364,019 | 9,012,448 |
| 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) | — | — | — | 0 |
| Accumulated deficit | (453,040,000) | (440,563,000) | (437,376,829) | (432,705,128) | (439,567,002) | (442,345,657) | (433,514,434) | (435,517,610) |
| Accumulated other comprehensive loss | (19,116,000) | (13,629,000) | (15,113,859) | (4,618,323) | (3,565,101) | (2,858,746) | (4,493,312) | (2,238,218) |
| Emeren Group Ltd shareholders' equity | 300,516,000 | 325,312,000 | 347,292,987 | 404,005,568 | 139,137,509 | 94,716,772 | 90,669,623 | 90,482,470 |
| Non-controlling interest | 37,504,000 | 37,997,000 | 41,350,956 | 44,406,916 | 44,122,572 | 42,830,403 | 33,995,782 | — |
| Total shareholders' equity | 338,020,000 | 363,309,000 | 388,643,943 | 448,412,484 | 183,260,081 | 137,547,175 | 124,665,405 | — |
| Total liabilities and shareholders' equity | 447,566,000 | 478,351,000 | 493,850,384 | 529,268,199 | 336,941,949 | 319,944,193 | 377,712,342 | 335,698,792 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.