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Emeren Group Ltd (SOL)

Income Statement Business | Product | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   20-F20-F20-FS-1/A20-F20-F20-F20-F
Revenues:  
    Other  1.10.70.80.20.30.0 0.0
    Other  60.279.072.7118.996.6102.9 116.3
Total revenues   [+]61.379.773.5119.196.9103.080.5116.3
            Revenue growth   [+]-23.1%8.4%-38.3%22.9%-5.9%27.9%-30.8%-92.6%
Cost of goods sold  46.048.256.884.968.888.873.393.3
Gross profit  15.331.416.734.228.114.17.223.0
            Gross margin  25.0%39.4%22.7%28.7%29.0%13.7%9.0%19.8%
Selling, general and administrative   [+]17.617.314.916.511.17.97.47.6
Research and development          
Equity in earnings          
Other operating expenses  0.31.5-5.018.71.5106.0-2.5-0.9
EBITDA   [+]4.219.414.16.823.9-95.34.719.9
            EBITDA margin  6.8%24.4%19.2%5.7%24.7%-92.5%5.9%17.1%
Depreciation and amortization  6.86.87.37.88.44.52.43.5
EBIT   [+]-2.612.76.8-1.015.5-99.72.316.3
            EBIT margin  -4.3%15.9%9.2%-0.8%16.0%-96.9%2.9%14.0%
Non-recurring items   [+]     -106.3  
Interest expense, net   [+]2.53.55.28.38.53.91.82.0
Other income (expense), net   [+]2.5-1.80.8-1.3-2.10.9-0.35.8
Pre-tax income  -2.67.42.3-10.64.93.50.220.2
Income taxes  1.90.80.21.1-0.20.30.10.0
            Tax rate   10.5%7.0%  9.1%58.3% 
Minority interest  0.1-0.2-0.6-2.83.3   
Earnings from continuing ops  -4.76.92.8-8.81.83.20.120.2
Earnings from discontinued ops       31.3-34.8-25.3
Net income  -4.76.92.8-8.81.834.5-34.7-5.1
            Net margin  -7.6%8.6%3.8%-7.4%1.8%33.5%-43.1%-4.4%
   
Basic EPS   [+]($0.07)$0.10$0.06($0.22)$0.05$0.13$0.00$0.10
Diluted EPS   [+]($0.07)$0.10$0.06($0.22)$0.05$0.13$0.00$0.10
   
Shares outstanding (basic)   [+]64.968.949.240.638.124.7202.2204.1
Shares outstanding (diluted)   [+]64.969.849.840.638.124.7202.4204.2
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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