Canadian Historical Income Statement

CSIQ Stock

USD 11.91 0.61 5.40%

Historical analysis of Canadian Solar income statement accounts such as Interest Expense of 119.8 M, Selling General Administrative of 318.8 M or Selling And Marketing Expenses of 222.8 M can show how well Canadian Solar performed in making a profits. Evaluating Canadian Solar income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Canadian Solar's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Canadian Solar latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Canadian Solar is a good buy for the upcoming year.

Net Income Gross Profit

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Solar. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

To learn how to invest in Canadian Stock, please use our How to Invest in Canadian Solar guide.

About Canadian Income Statement Analysis

Canadian Solar Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Canadian Solar shareholders. The income statement also shows Canadian investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Canadian Solar Income Statement Chart

At this time, Canadian Solar's EBITDA is relatively stable compared to the past year. As of 11/25/2024, Cost Of Revenue is likely to grow to about 6.7 B, though Total Other Income Expense Net is likely to grow to (42.6 M).

Selling General Administrative Selling And Marketing Expenses Total Revenue Gross Profit Net Income

Total Revenue

Total revenue comprises all receipts Canadian Solar generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Canadian Solar minus its cost of goods sold. It is profit before Canadian Solar operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Canadian Solar financial statement analysis. It represents the amount of money remaining after all of Canadian Solar operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most accounts from Canadian Solar's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Canadian Solar current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Solar. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

To learn how to invest in Canadian Stock, please use our How to Invest in Canadian Solar guide.At this time, Canadian Solar's EBITDA is relatively stable compared to the past year. As of 11/25/2024, Cost Of Revenue is likely to grow to about 6.7 B, though Total Other Income Expense Net is likely to grow to (42.6 M).

	2021	2022	2023	2024 (projected)
Gross Profit	909.3M	1.3B	1.3B	1.3B
Total Revenue	5.3B	7.5B	7.6B	8.0B

Gross Profit Total Revenue

Canadian Solar income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Selling And Marketing Expenses	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Research Development	Minority Interest	Net Income From Continuing Ops	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.65	0.8	0.58	0.87	0.84	0.88	0.54	0.47	0.89	0.88	0.88	0.67	-0.35	0.59	0.44	0.95	-0.4	0.87	0.31	0.64	0.24	0.83
Interest Expense	0.65		0.79	0.42	0.7	0.74	0.69	0.64	0.48	0.67	0.69	0.69	0.61	-0.03	0.58	0.53	0.73	-0.16	0.66	0.19	0.17	-0.43	0.43
Selling General Administrative	0.8	0.79		0.82	0.9	0.9	0.9	0.48	0.58	0.81	0.9	0.94	0.66	-0.08	0.62	0.53	0.9	-0.25	0.72	0.27	0.31	0.09	0.84
Selling And Marketing Expenses	0.58	0.42	0.82		0.84	0.82	0.84	0.34	0.7	0.73	0.83	0.86	0.58	-0.16	0.54	0.53	0.72	-0.22	0.54	0.3	0.34	0.44	0.83
Total Revenue	0.87	0.7	0.9	0.84		0.98	1.0	0.67	0.74	0.95	1.0	0.98	0.82	-0.19	0.74	0.7	0.94	-0.4	0.87	0.38	0.58	0.27	0.82
Gross Profit	0.84	0.74	0.9	0.82	0.98		0.97	0.71	0.82	0.97	0.97	0.96	0.88	-0.13	0.83	0.74	0.93	-0.3	0.88	0.33	0.48	0.17	0.81
Other Operating Expenses	0.88	0.69	0.9	0.84	1.0	0.97		0.64	0.72	0.94	1.0	0.98	0.79	-0.2	0.71	0.67	0.94	-0.41	0.86	0.38	0.59	0.29	0.83
Operating Income	0.54	0.64	0.48	0.34	0.67	0.71	0.64		0.75	0.74	0.66	0.53	0.9	0.08	0.85	0.85	0.56	-0.41	0.84	0.54	0.55	-0.15	0.26
Ebit	0.47	0.48	0.58	0.7	0.74	0.82	0.72	0.75		0.82	0.72	0.66	0.91	-0.1	0.91	0.81	0.59	-0.09	0.7	0.27	0.29	0.09	0.55
Ebitda	0.89	0.67	0.81	0.73	0.95	0.97	0.94	0.74	0.82		0.94	0.91	0.9	-0.28	0.85	0.71	0.92	-0.3	0.92	0.34	0.57	0.2	0.82
Cost Of Revenue	0.88	0.69	0.9	0.83	1.0	0.97	1.0	0.66	0.72	0.94		0.98	0.8	-0.21	0.72	0.69	0.93	-0.42	0.86	0.39	0.6	0.29	0.82
Total Operating Expenses	0.88	0.69	0.94	0.86	0.98	0.96	0.98	0.53	0.66	0.91	0.98		0.72	-0.2	0.65	0.58	0.96	-0.34	0.81	0.31	0.52	0.3	0.88
Income Before Tax	0.67	0.61	0.66	0.58	0.82	0.88	0.79	0.9	0.91	0.9	0.8	0.72		0.04	0.98	0.87	0.72	-0.29	0.89	0.38	0.46	0.06	0.56
Total Other Income Expense Net	-0.35	-0.03	-0.08	-0.16	-0.19	-0.13	-0.2	0.08	-0.1	-0.28	-0.21	-0.2	0.04		0.08	0.21	-0.25	-0.21	-0.12	0.11	-0.24	-0.16	-0.39
Net Income	0.59	0.58	0.62	0.54	0.74	0.83	0.71	0.85	0.91	0.85	0.72	0.65	0.98	0.08		0.82	0.66	-0.14	0.82	0.26	0.31	-0.01	0.52
Income Tax Expense	0.44	0.53	0.53	0.53	0.7	0.74	0.67	0.85	0.81	0.71	0.69	0.58	0.87	0.21	0.82		0.53	-0.48	0.75	0.55	0.4	0.0	0.35
Research Development	0.95	0.73	0.9	0.72	0.94	0.93	0.94	0.56	0.59	0.92	0.93	0.96	0.72	-0.25	0.66	0.53		-0.34	0.86	0.34	0.56	0.2	0.87
Minority Interest	-0.4	-0.16	-0.25	-0.22	-0.4	-0.3	-0.41	-0.41	-0.09	-0.3	-0.42	-0.34	-0.29	-0.21	-0.14	-0.48	-0.34		-0.42	-0.77	-0.67	-0.24	-0.18
Net Income From Continuing Ops	0.87	0.66	0.72	0.54	0.87	0.88	0.86	0.84	0.7	0.92	0.86	0.81	0.89	-0.12	0.82	0.75	0.86	-0.42		0.5	0.71	0.15	0.65
Tax Provision	0.31	0.19	0.27	0.3	0.38	0.33	0.38	0.54	0.27	0.34	0.39	0.31	0.38	0.11	0.26	0.55	0.34	-0.77	0.5		0.69	0.13	0.22
Interest Income	0.64	0.17	0.31	0.34	0.58	0.48	0.59	0.55	0.29	0.57	0.6	0.52	0.46	-0.24	0.31	0.4	0.56	-0.67	0.71	0.69		0.5	0.4
Net Interest Income	0.24	-0.43	0.09	0.44	0.27	0.17	0.29	-0.15	0.09	0.2	0.29	0.3	0.06	-0.16	-0.01	0.0	0.2	-0.24	0.15	0.13	0.5		0.42
Reconciled Depreciation	0.83	0.43	0.84	0.83	0.82	0.81	0.83	0.26	0.55	0.82	0.82	0.88	0.56	-0.39	0.52	0.35	0.87	-0.18	0.65	0.22	0.4	0.42

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Canadian Solar Account Relationship Matchups

Canadian Solar income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	159.7M	217.2M	297.7M	244.4M	627.5M	658.9M
Interest Expense	81.3M	71.9M	58.2M	74.3M	114.1M	119.8M
Selling General Administrative	242.8M	225.6M	308.9M	342.1M	440.5M	318.8M
Selling And Marketing Expenses	180.3M	224.2M	398.7M	558.9M	369.7M	222.8M
Total Revenue	3.2B	3.5B	5.3B	7.5B	7.6B	8.0B
Gross Profit	718.5M	689.9M	909.3M	1.3B	1.3B	1.3B
Other Operating Expenses	2.9B	3.3B	5.1B	7.1B	7.2B	7.6B
Operating Income	111.2M	20.6M	(81.3M)	356.1M	453.3M	476.0M
Ebit	111.2M	206.4M	196.6M	430.7M	249.8M	262.2M
Ebitda	270.9M	423.5M	494.3M	675.2M	877.3M	921.2M
Cost Of Revenue	2.5B	2.8B	4.4B	6.2B	6.3B	6.7B
Total Operating Expenses	459.6M	469.5M	718.9M	907.1M	911.0M	956.6M
Income Before Tax	179.7M	134.5M	138.5M	356.5M	408.5M	429.0M
Total Other Income Expense Net	68.5M	(85.9M)	(51.9M)	407K	(44.8M)	(42.6M)
Net Income	171.6M	146.7M	95.2M	240.0M	274.2M	287.9M
Income Tax Expense	42.1M	(2.0M)	35.8M	73.4M	59.5M	62.5M
Research Development	47.0M	45.2M	58.4M	69.8M	100.8M	105.9M
Net Income Applicable To Common Shares	171.6M	146.7M	95.2M	240.0M	276.0M	289.8M
Minority Interest	31.9M	322.4M	(14.6M)	(58.6M)	(112.3M)	(106.6M)
Net Income From Continuing Ops	166.6M	147.2M	109.9M	298.6M	465.7M	488.9M
Tax Provision	42.1M	(2.0M)	35.8M	73.4M	86.0M	49.6M
Interest Income	12.0M	9.3M	11.1M	40.6M	45.3M	47.5M
Net Interest Income	(69.3M)	(62.6M)	(47.1M)	(33.7M)	(55.8M)	(58.6M)
Reconciled Depreciation	159.7M	209.1M	282.8M	234.6M	307.0M	223.4M

Pair Trading with Canadian Solar

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Canadian Solar position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Canadian Solar will appreciate offsetting losses from the drop in the long position's value.

Moving against Canadian Stock

0.57	ASAN	Asana Inc	Pair Corr
0.42	CWAN	Clearwater Analytics	Pair Corr
0.38	EHGO	Eshallgo Class A Downward Rally	Pair Corr

The ability to find closely correlated positions to Canadian Solar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canadian Solar when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Canadian Solar - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Canadian Solar to buy it.

The correlation of Canadian Solar is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Canadian Solar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Solar moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Canadian Solar can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Canadian Stock Analysis

When running Canadian Solar's price analysis, check to measure Canadian Solar's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Canadian Solar is operating at the current time. Most of Canadian Solar's value examination focuses on studying past and present price action to predict the probability of Canadian Solar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Solar's price. Additionally, you may evaluate how the addition of Canadian Solar to your portfolios can decrease your overall portfolio volatility.

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Canadian Historical Income Statement

About Canadian Income Statement Analysis

Canadian Solar Income Statement Chart

Total Revenue

Gross Profit

Net Income

Canadian Solar income statement Correlations

Canadian Solar Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Canadian Solar income statement Accounts

Pair Trading with Canadian Solar

Moving against Canadian Stock

Additional Tools for Canadian Stock Analysis

COMMON DESTINATIONS

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Other Operating Expenses	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Other Operating Expenses
Gross Profit	+ 0.98	Total Revenue
Total Operating Expenses	+ 0.98	Total Revenue
Total Operating Expenses	+ 0.98	Other Operating Expenses

Tax Provision	- 0.77	Minority Interest
Interest Income	- 0.67	Minority Interest
Minority Interest	- 0.48	Income Tax Expense
Net Interest Income	- 0.43	Interest Expense
Net Income From Continuing Ops	- 0.42	Minority Interest
Minority Interest	- 0.42	Cost Of Revenue