ReneSola Ltd
NYSE:SOL
Income Statement
Earnings Waterfall
ReneSola Ltd
Revenue
|
81.4m
USD
|
Cost of Revenue
|
-59.4m
USD
|
Gross Profit
|
21.9m
USD
|
Operating Expenses
|
-29.1m
USD
|
Operating Income
|
-7.1m
USD
|
Other Expenses
|
174.1k
USD
|
Net Income
|
-7m
USD
|
Income Statement
ReneSola Ltd
Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Mar-2018 | Jun-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
969
N/A
|
1 042
+8%
|
1 186
+14%
|
1 387
+17%
|
1 520
+10%
|
1 651
+9%
|
1 660
+1%
|
1 613
-3%
|
1 562
-3%
|
1 496
-4%
|
1 377
-8%
|
1 373
0%
|
1 282
-7%
|
1 194
-7%
|
1 175
-2%
|
994
-15%
|
81
-92%
|
(24)
N/A
|
(122)
-415%
|
196
N/A
|
73
-63%
|
97
+33%
|
47
-52%
|
32
-31%
|
98
+204%
|
119
+21%
|
127
+7%
|
140
+10%
|
84
-40%
|
74
-12%
|
75
+2%
|
67
-10%
|
73
+9%
|
80
+9%
|
60
-24%
|
50
-17%
|
63
+27%
|
61
-3%
|
71
+15%
|
96
+36%
|
81
-16%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(1 005)
|
(1 073)
|
(1 191)
|
(1 319)
|
(1 407)
|
(1 488)
|
(1 468)
|
(1 398)
|
(1 352)
|
(1 294)
|
(1 187)
|
(1 181)
|
(1 094)
|
(998)
|
(983)
|
(842)
|
(73)
|
(12)
|
49
|
(184)
|
(56)
|
(69)
|
(35)
|
(19)
|
(68)
|
(85)
|
(92)
|
(108)
|
(62)
|
(57)
|
(53)
|
(41)
|
(47)
|
(48)
|
(35)
|
(32)
|
(43)
|
(46)
|
(55)
|
(72)
|
(59)
|
|
Gross Profit |
(36)
N/A
|
(31)
+12%
|
(5)
+84%
|
68
N/A
|
113
+66%
|
163
+44%
|
192
+18%
|
215
+12%
|
209
-3%
|
202
-4%
|
189
-6%
|
192
+1%
|
188
-2%
|
196
+4%
|
193
-2%
|
152
-21%
|
7
-95%
|
(36)
N/A
|
(73)
-105%
|
13
N/A
|
17
+33%
|
28
+69%
|
12
-59%
|
14
+20%
|
30
+117%
|
34
+14%
|
35
+3%
|
32
-9%
|
22
-32%
|
17
-23%
|
22
+32%
|
26
+18%
|
26
+1%
|
31
+20%
|
26
-18%
|
18
-30%
|
21
+14%
|
15
-26%
|
16
+3%
|
25
+57%
|
22
-12%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(127)
|
(127)
|
(135)
|
(115)
|
(132)
|
(157)
|
(159)
|
(196)
|
(201)
|
(195)
|
(182)
|
(182)
|
(159)
|
(145)
|
(146)
|
(128)
|
(5)
|
8
|
18
|
(27)
|
(5)
|
(13)
|
(10)
|
(11)
|
(14)
|
(18)
|
(28)
|
(27)
|
(26)
|
(9)
|
(9)
|
(11)
|
(12)
|
(17)
|
(19)
|
(19)
|
(19)
|
(18)
|
(19)
|
(23)
|
(29)
|
|
Selling, General & Administrative |
(85)
|
(96)
|
(106)
|
(116)
|
(131)
|
(147)
|
(154)
|
(161)
|
(160)
|
(153)
|
(151)
|
(143)
|
(132)
|
(123)
|
(118)
|
(107)
|
(7)
|
3
|
8
|
(27)
|
(5)
|
(11)
|
(8)
|
(8)
|
(11)
|
(17)
|
(16)
|
(15)
|
(15)
|
(15)
|
(16)
|
(17)
|
(19)
|
(17)
|
(18)
|
(18)
|
(18)
|
(18)
|
(19)
|
(21)
|
(24)
|
|
Research & Development |
(44)
|
(38)
|
(40)
|
(46)
|
(47)
|
(52)
|
(51)
|
(50)
|
(53)
|
(54)
|
(52)
|
(48)
|
(44)
|
(39)
|
(35)
|
(31)
|
0
|
(19)
|
(17)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Other Operating Expenses |
2
|
7
|
11
|
47
|
46
|
43
|
46
|
15
|
12
|
12
|
20
|
10
|
17
|
17
|
7
|
10
|
3
|
24
|
28
|
(0)
|
1
|
(2)
|
(1)
|
(3)
|
(3)
|
(2)
|
(12)
|
(11)
|
(12)
|
7
|
7
|
6
|
7
|
0
|
(2)
|
(1)
|
(1)
|
(0)
|
(0)
|
(2)
|
(5)
|
|
Operating Income |
(163)
N/A
|
(158)
+3%
|
(141)
+11%
|
(47)
+66%
|
(19)
+61%
|
6
N/A
|
33
+453%
|
19
-42%
|
8
-58%
|
8
-7%
|
7
-3%
|
10
+38%
|
29
+187%
|
51
+74%
|
47
-8%
|
24
-50%
|
2
-90%
|
(28)
N/A
|
(55)
-97%
|
(15)
+73%
|
12
N/A
|
16
+31%
|
2
-88%
|
3
+63%
|
16
+416%
|
16
+1%
|
7
-57%
|
6
-21%
|
(5)
N/A
|
8
N/A
|
13
+63%
|
15
+13%
|
15
-3%
|
14
-3%
|
7
-53%
|
(1)
N/A
|
1
N/A
|
(3)
N/A
|
(3)
-31%
|
2
N/A
|
(7)
N/A
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(42)
|
(44)
|
(40)
|
(44)
|
(40)
|
(40)
|
(38)
|
(46)
|
(58)
|
(68)
|
(71)
|
(54)
|
(47)
|
(32)
|
(20)
|
(27)
|
(2)
|
(5)
|
(13)
|
(9)
|
(6)
|
(11)
|
(12)
|
(7)
|
(12)
|
(10)
|
(10)
|
(10)
|
(6)
|
(5)
|
(4)
|
(3)
|
(4)
|
(5)
|
(2)
|
(2)
|
(2)
|
0
|
2
|
4
|
1
|
|
Non-Reccuring Items |
(16)
|
(16)
|
(16)
|
(207)
|
(203)
|
(200)
|
(200)
|
3
|
15
|
24
|
24
|
26
|
14
|
2
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(6)
|
(17)
|
(7)
|
(8)
|
(2)
|
(1)
|
(1)
|
(0)
|
0
|
(2)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
(221)
N/A
|
(219)
+1%
|
(196)
+10%
|
(298)
-52%
|
(262)
+12%
|
(235)
+10%
|
(205)
+13%
|
(24)
+89%
|
(34)
-45%
|
(36)
-6%
|
(39)
-8%
|
(18)
+54%
|
(4)
+75%
|
21
N/A
|
29
+36%
|
(3)
N/A
|
0
N/A
|
(33)
N/A
|
(68)
-107%
|
(24)
+65%
|
6
N/A
|
5
-16%
|
(10)
N/A
|
(3)
+65%
|
(1)
+79%
|
(11)
-1 414%
|
(10)
+8%
|
(13)
-30%
|
(13)
-2%
|
2
N/A
|
8
+261%
|
12
+46%
|
11
-10%
|
7
-32%
|
4
-43%
|
(3)
N/A
|
(1)
+82%
|
(3)
-401%
|
(1)
+60%
|
6
N/A
|
(6)
N/A
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(21)
|
(23)
|
(31)
|
(52)
|
3
|
0
|
(8)
|
(1)
|
0
|
(1)
|
(1)
|
(2)
|
(1)
|
(2)
|
(2)
|
0
|
(0)
|
4
|
2
|
(2)
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(1)
|
(0)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
|
Income from Continuing Operations |
(243)
|
(241)
|
(228)
|
(349)
|
(259)
|
(235)
|
(213)
|
(24)
|
(34)
|
(37)
|
(40)
|
(20)
|
(5)
|
19
|
27
|
(3)
|
0
|
(29)
|
(66)
|
(26)
|
6
|
5
|
(10)
|
(3)
|
(2)
|
(12)
|
(11)
|
(14)
|
(13)
|
2
|
8
|
12
|
10
|
7
|
4
|
(4)
|
(1)
|
(5)
|
(3)
|
5
|
(8)
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(3)
|
(1)
|
(1)
|
(1)
|
3
|
3
|
4
|
3
|
1
|
0
|
0
|
(0)
|
0
|
1
|
1
|
1
|
(0)
|
(0)
|
1
|
1
|
|
Net Income (Common) |
(243)
N/A
|
(241)
+0%
|
(228)
+6%
|
(349)
-53%
|
(259)
+26%
|
(235)
+9%
|
(213)
+9%
|
(24)
+89%
|
(34)
-39%
|
(37)
-10%
|
(40)
-8%
|
(20)
+51%
|
(5)
+74%
|
19
N/A
|
27
+42%
|
(3)
N/A
|
(35)
-1 235%
|
(64)
-84%
|
(101)
-58%
|
(26)
+74%
|
5
N/A
|
2
-62%
|
(11)
N/A
|
(5)
+55%
|
(2)
+50%
|
(9)
-267%
|
(8)
+11%
|
(10)
-26%
|
(10)
-3%
|
3
N/A
|
8
+186%
|
12
+48%
|
10
-12%
|
7
-34%
|
4
-36%
|
(3)
N/A
|
(1)
+82%
|
(5)
-823%
|
(3)
+32%
|
5
N/A
|
(7)
N/A
|
|
EPS (Diluted) |
-1.39
N/A
|
-0.27
+81%
|
-1.31
-385%
|
-1.94
-48%
|
-1.42
+27%
|
-1.15
+19%
|
-1.03
+10%
|
-0.12
+88%
|
-0.17
-42%
|
-0.19
-12%
|
-0.2
-5%
|
-0.1
+50%
|
-0.02
+80%
|
0.09
N/A
|
0.13
+44%
|
-0.01
N/A
|
-0.17
-1 600%
|
-0.31
-82%
|
-0.5
-61%
|
-0.06
+88%
|
0.01
N/A
|
0
N/A
|
-0.02
N/A
|
-0.01
+50%
|
0
N/A
|
-0.02
N/A
|
-0.16
-700%
|
-0.2
-25%
|
-0.2
N/A
|
0.01
N/A
|
0.11
+1 000%
|
0.01
-91%
|
0.01
N/A
|
0.01
N/A
|
0.01
N/A
|
0
N/A
|
0
N/A
|
-0.01
N/A
|
-0.01
N/A
|
0.01
N/A
|
-0.01
N/A
|