JinkoSolar Holding Co., Ltd.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-635.6M | $7.5M | $485.6M | $90.0M | $113.1M | $35.3M | $129.1M | $59.1M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $1.11B | $1.03B | $1.11B | $374.8M | $251.7M | $177.9M | $105.9M | $116.6M |
| Amortization | $17.5M | $12.0M | $17.1M | $2.5M | $1.9M | $1.6M | $980.0K | $612.7K |
| Stock-Based Compensation | $32.3M | $50.1M | $121.5M | $145.1M | $1.6M | $141.4K | $657.6K | $4.3M |
| Net Cash from Operating Activities | $154.7M | $2.31B | $1.95B | $-841.0M | $67.6M | $90.6M | $202.6M | $89.4M |
| Investing Activities | ||||||||
| Capital Expenditures | $455.6M | $1.25B | $2.15B | $1.78B | $1.36B | $621.5M | $473.7M | $352.2M |
| Business Acquisitions | — | — | — | $13.2M | — | — | — | $0 |
| Net Cash from Investing Activities | $-769.0M | $-397.6M | $-2.14B | $-1.78B | $-1.77B | $-753.8M | $-865.5M | $-572.3M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-108.5M | $-858.8M | $1.22B | $2.90B | $1.89B | $965.1M | $1.06B | $577.8M |
| Net Change in Cash | $-686.3M | $1.14B | $1.15B | $315.2M | $160.4M | $276.0M | $401.0M | $104.8M |
| Free Cash Flow | $-300.8M | $1.06B | $-206.2M | $-2.62B | $-1.29B | $-530.8M | $-271.0M | $-262.8M |