JKS Q2 2016 Earnings Report — JinkoSolar Holding Co., Ltd. Revenue & Financial Results | Market Cap Arena

JinkoSolar Holding Co., Ltd.JKS

Q2 2016 Earnings

Reported June 30, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2016	Q1 2016	Q2 2015	QoQ Change	YoY Change
Revenue	$828M	$771M	—	7.3%	—
Op. Income	$45M	$77M	—	-41.6%	—
Gross Margin	18.1%	20.5%	—	-2.4pp	—
Net Margin	4.9%	5.9%	—	-1.0pp	—
EPS (Diluted)	$4.98	$5.44	—	-8.6%	—
Free Cash Flow	$0	$0	—	—	—

Revenue Flow

Item	Amount
REVENUE	$828M
Cost of Revenue	$677M
GROSS PROFIT	$150M
R&D Expenses	$6M
Selling & Marketing	$55M
General & Administrative	$30M
SG&A Expenses	$84M
Other Expenses	$15M
Operating Expenses	$105M
Cost & Expenses	$783M
OPERATING INCOME	$45M
Interest Income	$0
Interest Expense	$11M
Other Income/Expenses	$5M
INCOME BEFORE TAX	$50M
Income Tax Expense	$13M
Net Income from Continuing Ops	$36M
Net Income from Discontinued Ops	$12M
Other Adjustments	$0
NET INCOME	$41M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$41M
D&A	$0
EBIT	$61M
EBITDA	$61M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$828M
Cost of Revenue	$677M
GROSS PROFIT	$150M
R&D Expenses	$6M
Selling & Marketing	$55M
General & Administrative	$30M
SG&A Expenses	$84M
Other Expenses	$15M
Operating Expenses	$105M
Cost & Expenses	$783M
OPERATING INCOME	$45M
Interest Income	$0
Interest Expense	$11M
Other Income/Expenses	$5M
INCOME BEFORE TAX	$50M
Income Tax Expense	$13M
Net Income from Continuing Ops	$36M
Net Income from Discontinued Ops	$12M
Other Adjustments	$0
NET INCOME	$41M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$41M
D&A	$0
EBIT	$61M
EBITDA	$61M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$41M
Depreciation & Amortization	$0
Stock-Based Compensation	$2M
Deferred Income Tax	$0
Other Non-Cash Items	-$41M
Change in Working Capital	$0
OPERATING CASH FLOW	$0
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	$0
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	$0
FREE CASH FLOW	$0
Net Change in Cash	$0

Balance Sheet

Item	Amount
Cash & Equivalents	$497M
Short-Term Investments	$2M
Net Receivables	$723M
Inventory	$452M
Other Current Assets	$628M
TOTAL CURRENT ASSETS	$2.4B
PP&E (Net)	$1.8B
Goodwill	$0
Intangible Assets	$55M
Long-Term Investments	$18M
Tax Assets	$18M
Other Non-Current Assets	$222M
TOTAL NON-CURRENT ASSETS	$2.1B
TOTAL ASSETS	$4.5B
Account Payables	$595M
Short-Term Debt	$1.5B
Deferred Revenue	$111M
Other Current Liabilities	$12M
TOTAL CURRENT LIABILITIES	$2.6B
Long-Term Debt	$806M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$3M
Other Non-Current Liabilities	$316M
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$3.8B
Common Stock	$2.6K
Additional Paid-In Capital	$432M
Retained Earnings	$236M
Treasury Stock	-$2M
Accum. Other Comp. Income	$55M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$721M
Minority Interest	$5M
TOTAL EQUITY	$726M
TOTAL LIABILITIES & EQUITY	$4.5B
Total Debt	$2.3B
Net Debt	$1.8B