Daqo New Energy Corp.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $856.1M | $1.01B | $3.04B | $3.50B | $723.8M | $76.6M | $52.7M | $66.4M |
| Accounts Receivable | — | — | — | $0 | $0 | $0 | $13.3K | $1.2M |
| Inventory | $169.1M | $149.9M | $173.3M | $169.5M | $327.8M | $42.2M | $36.4M | $15.4M |
| Total Current Assets | $2.70B | $2.63B | $3.58B | $4.89B | $1.74B | $180.3M | $174.3M | $160.1M |
| Property, Plant & Equipment | $3.40B | $3.50B | $3.63B | $2.61B | $1.56B | $1.03B | $995.0M | $617.0M |
| Goodwill | — | — | — | — | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | — | — | — | — | — | — | — | — |
| Total Assets | $6.45B | $6.42B | $7.43B | $7.59B | $3.34B | $1.24B | $1.20B | $854.9M |
| Liabilities | ||||||||
| Accounts Payable | $26.6M | $26.4M | $92.9M | $81.9M | $81.5M | $19.0M | $12.7M | $9.2M |
| Total Current Liabilities | $501.6M | $521.2M | $836.4M | $736.5M | $550.5M | $284.1M | $445.1M | $149.9M |
| Long-Term Debt | — | — | — | — | $0 | $123.2M | $151.5M | $133.3M |
| Total Liabilities | $533.0M | $560.4M | $978.6M | $989.5M | $679.8M | $440.2M | $634.2M | $329.8M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $2.81B | $2.98B | $3.33B | $2.90B | $1.08B | $330.1M | $200.9M | $171.4M |
| Total Stockholders' Equity | $4.41B | $4.36B | $4.76B | $4.81B | $2.16B | $767.1M | $566.6M | $525.1M |