Emeren Group, Ltd. (SOL) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 |
|---|
| Cash from Operations | 34.2M | 2.26M | -1.89M | 10.29M | -5.58M | -2.21M | -6.79M | 7.24M | -4.64M | -2.35M | -23.73M | -10.59M | -5.21M | -7.86M | -14.36M | 8.82M | -5.05M | 602K | -10.47M | -3.58M |
| Operating CF Margin % | 218.68% | 17.51% | -23.2% | 29.78% | -43.41% | -7.36% | -46.49% | 16.09% | -33.29% | -6.95% | -184.28% | -51.19% | -21.78% | -95.81% | -408.68% | 38.68% | -32.53% | 3.25% | -45.98% | -21.84% |
| Operating CF Growth % | 712.74% | 201.98% | 72.13% | 42.19% | -20.22% | 5.99% | 71.39% | 168.35% | 10.81% | 70.07% | -65.23% | -219.98% | -2.99% | -1405.98% | -37.14% | 346.32% | -159.76% | -88.77% | -6.15% | -124.71% |
| Net Income | -335.44K | -1.48M | 1.54M | -11.79M | 4.84M | 392K | -5.49M | -3.48M | -9.39M | 8.35M | -194K | -5.74M | 2.96M | 36K | -1.69M | -1.58M | 711K | 6.95M | 774K | 1.97M |
| Depreciation & Amortization | 2M | -2.11M | 2.11M | 1.91M | 1.78M | 1.47M | 1.75M | 2.38M | 1.86M | 1.54M | 2.05M | 3.25M | 2.03M | 0 | 1.54M | 1.94M | 1.6M | 1.56M | 1.7M | 3.64M |
| Stock-Based Compensation | 0 | -76K | 76K | 0 | 106K | 103K | 29K | 202K | 400K | 400K | 441K | 435K | 8K | 646K | 650K | 1.68M | 404K | 335K | 211K | 105.19K |
| Deferred Taxes | 10.01K | 0 | 10K | 58K | 20K | 21K | 33K | 57K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 1.38M | 15.33M | 2.67M | 2.32M | 1.04M | 2.13M | 1.2M | 4.58M | 1.6M | 1.85M | -1.59M | 40.07M | -10.2M | -8.54M | -14.87M | 29.97M | -7.77M | -8.24M | -13.15M | -7.65M |
| Working Capital Changes | 31.15M | -9.41M | -8.3M | 17.78M | -13.37M | -6.33M | -4.32M | 3.5M | 886K | -14.5M | -24.44M | -48.6M | 0 | 0 | 0 | -23.18M | 0 | 0 | 0 | -1.65M |
| Change in Receivables | 35.19M | 3.75M | -581K | -1.52M | 1.45M | 4.56M | 6.76M | -3.72M | 5.37M | -9.52M | -7.22M | -15.37M | 0 | 0 | 0 | -27.64M | 0 | 0 | 0 | -6.77M |
| Change in Inventory | -479.95K | 324.02K | -314K | 301K | 1.84M | 1.86M | -801K | 0 | -1.33M | -157K | 392K | -740K | 0 | 0 | 0 | -128.93K | 0 | 0 | 0 | 92.07K |
| Change in Payables | 2.68M | -6.43M | 0 | 830K | -2.99M | -2.12M | 2.64M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -1.34M | -1.68M | -2.1M | -4.82M | -4.19M | -3.85M | -2.61M | 6.94M | 10.12M | 116K | -1.87M | -7.56M | -31.2M | -1.97M | -3.7M | -3.15M | -2.98M | -753K | 26.1M | -3.71M |
| Capital Expenditures | -1.53M | -2.12M | -2.65M | -4.82M | -4.19M | -3.88M | -2.85M | -5.09M | -1.52M | -2.16M | -1.98M | -37.62M | 0 | 0 | 0 | -11.62M | 0 | 0 | 0 | -8.25M |
| CapEx % of Revenue | 9.8% | 16.42% | 32.54% | 13.97% | 32.6% | 12.91% | 19.51% | 11.32% | 10.9% | 6.38% | 15.37% | 181.89% | - | - | - | 50.92% | - | - | - | 50.29% |
| Acquisitions | 189.9K | 0 | 0 | 1K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3.9M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 430.72K | 551K | 0 | -1K | 35K | 242K | 12.03M | 11.64M | 2.27M | 113K | 30.06M | -31.2M | -1.97M | -3.7M | 8.47M | -2.98M | -753K | 26.1M | 8.43M |
| Cash from Financing | 4.97M | 996.92K | 13.24M | 2.85M | -2M | 1.48M | -8.19M | -3.56M | -6.71M | 1.16M | -16.15M | 4.57M | -45.67M | -4.93M | -14.24M | -23.71M | -2.21M | -14.29M | 244.85M | 32.62M |
| Debt Issued (Net) | 5.53M | 996.92K | 13.48M | 2.85M | -2M | 2.51M | -2.01M | -366K | -2.77M | 2.54M | -3.61M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | 0 | 0 | 0 | -1000K | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | -1.03M | -6.18M | -3.35M | -3.96M | -1.42M | -13.2M | -43.68M | 0 | 0 | 0 | -18.45M | 0 | 0 | 0 | 0 |
| Other Financing | -555.09K | 0 | -241K | 0 | 0 | 0 | 0 | 50K | 25K | 39K | 663K | 48.25M | -45.67M | -4.93M | -14.24M | -5.26M | -2.21M | -14.29M | 244.85M | 32.62M |
| Net Change in Cash | 38.16M | -4.53M | 3.58M | 14.26M | -15.07M | -4.24M | -15.1M | 10.99M | -1.27M | -6.28M | -40.55M | -15.71M | -85.04M | -14.88M | -31.47M | -21.46M | -10.17M | -14.97M | 260.31M | 24.28M |
| Free Cash Flow | 32.67M | 140K | -4.54M | 5.46M | -9.77M | -6.09M | -9.64M | 2.15M | -6.16M | -4.51M | -25.71M | -48.2M | -5.21M | -7.86M | -14.36M | -2.79M | -5.05M | 602K | -10.47M | -11.83M |
| FCF Margin % | 208.88% | 1.09% | -55.74% | 15.81% | -76% | -20.27% | -66.01% | 4.77% | -44.19% | -13.33% | -199.65% | -233.09% | -21.78% | -95.81% | -408.68% | -12.24% | -32.53% | 3.25% | -45.98% | -72.13% |
| FCF Growth % | 434.26% | 102.3% | 52.84% | 154.49% | -58.59% | -35.04% | 62.51% | 104.45% | -18.38% | 42.61% | -79.01% | -1626.01% | -2.99% | -1405.98% | -37.14% | 76.39% | -159.76% | -87.48% | -6.15% | 99.91% |
| FCF per Share | 0.64 | 0.00 | -0.09 | 0.11 | -0.19 | -0.12 | -0.18 | 0.04 | -0.11 | -0.08 | -0.45 | -0.79 | -0.08 | -0.12 | -0.21 | -0.04 | -0.07 | 0.01 | -0.16 | -0.22 |
| FCF Conversion (FCF/Net Income) | 9.86x | 1.55x | -1.23x | -0.87x | -1.15x | -5.64x | 1.15x | -3.71x | 0.49x | -0.28x | 122.31x | 1.84x | 4.86x | 38.54x | 8.52x | -5.60x | -7.11x | 0.09x | -13.53x | -1.81x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.03M | 0 | 0 | 0 | 5.2M | 0 | 0 | 0 | 6.19M |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |