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Trina Solar Ltd – ‘20-F’ for 12/31/11 – ‘R6’

On:  Thursday, 3/29/12, at 4:49pm ET   ·   For:  12/31/11   ·   Accession #:  1104659-12-22420   ·   File #:  1-33195

Previous ‘20-F’:  ‘20-F’ on 4/18/11 for 12/31/10   ·   Next:  ‘20-F’ on 4/2/13 for 12/31/12   ·   Latest:  ‘20-F’ on 4/19/16 for 12/31/15   ·   2 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/29/12  Trina Solar Ltd                   20-F       12/31/11   99:17M                                    Toppan Merrill/FA

Annual Report by a Foreign Non-Canadian Issuer   —   Form 20-F   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 20-F        Annual Report by a Foreign Non-Canadian Issuer      HTML   2.33M 
 2: EX-4.10     Instrument Defining the Rights of Security Holders  HTML    128K 
 3: EX-4.11     Instrument Defining the Rights of Security Holders  HTML    149K 
 4: EX-4.12     Instrument Defining the Rights of Security Holders  HTML    113K 
 5: EX-8.1      Opinion of Counsel re: Tax Matters                  HTML     48K 
 9: EX-13.1     Annual or Quarterly Report to Security Holders      HTML     27K 
10: EX-13.2     Annual or Quarterly Report to Security Holders      HTML     27K 
 6: EX-11.1     Statement re: Computation of Earnings Per Share     HTML     71K 
 7: EX-12.1     Statement re: Computation of Ratios                 HTML     31K 
 8: EX-12.2     Statement re: Computation of Ratios                 HTML     31K 
11: EX-15.1     Letter re: Unaudited Interim Financial Information  HTML     25K 
69: R1          Document and Entity Information                     HTML     50K 
56: R2          Consolidated Balance Sheets                         HTML    173K 
67: R3          Consolidated Balance Sheets (Parenthetical)         HTML     43K 
71: R4          Consolidated Statements of Operations               HTML    107K 
90: R5          Consolidated Statements of Changes in Equity and    HTML    107K 
                Comprehensive Income                                             
58: R6          Consolidated Statements of Cash Flows               HTML    212K 
66: R7          Organization and Principal Activities               HTML     31K 
51: R8          Summary of Principal Accounting Policies            HTML    184K 
41: R9          Allowance for Doubtful Receivables                  HTML     82K 
91: R10         Inventories                                         HTML     49K 
73: R11         Property, Plant and Equipment, Net                  HTML     61K 
72: R12         Prepaid Land Use Right                              HTML     29K 
78: R13         Accrued Expenses and Current Liabilities            HTML     45K 
79: R14         Derivative Financial Instruments                    HTML     90K 
76: R15         Fair Value Measurement                              HTML    211K 
80: R16         Bank Borrowings                                     HTML     94K 
68: R17         Convertible Senior Notes                            HTML     40K 
70: R18         Accrued Warranty Costs                              HTML     42K 
75: R19         Share-Based Compensation                            HTML    103K 
99: R20         Tax Expense                                         HTML    164K 
86: R21         Distribution of Profit                              HTML     31K 
62: R22         Related Party Transactions and Balances             HTML     34K 
74: R23         Commitments and Contingencies                       HTML     49K 
64: R24         Segment Information                                 HTML     62K 
32: R25         Major Customers and Suppliers                       HTML     45K 
87: R26         Additional Information - Financial Statement        HTML    194K 
                Schedule I                                                       
95: R27         Summary of Principal Accounting Policies            HTML    288K 
                (Policies)                                                       
46: R28         Summary of Principal Accounting Policies (Tables)   HTML    140K 
45: R29         Allowance for Doubtful Receivables (Tables)         HTML     74K 
49: R30         Inventories (Tables)                                HTML     43K 
50: R31         Property, Plant and Equipment, Net (Tables)         HTML     52K 
52: R32         Accrued Expenses and Current Liabilities (Tables)   HTML     45K 
25: R33         Derivative Financial Instruments (Tables)           HTML     77K 
84: R34         Fair Value Measurement (Tables)                     HTML    184K 
60: R35         Bank Borrowings (Tables)                            HTML     76K 
63: R36         Accrued Warranty Costs (Tables)                     HTML     41K 
36: R37         Share-Based Compensation (Tables)                   HTML    100K 
98: R38         Tax Expense (Tables)                                HTML    156K 
18: R39         Commitments and Contingencies (Tables)              HTML     45K 
53: R40         Segment Information (Tables)                        HTML     55K 
89: R41         Major Customers and Suppliers (Tables)              HTML     40K 
34: R42         Summary of Principal Accounting Policies (Details)  HTML     57K 
44: R43         Summary of Principal Accounting Policies (Details   HTML     70K 
                2)                                                               
48: R44         Summary of Principal Accounting Policies (Details   HTML     82K 
                3)                                                               
57: R45         Summary of Principal Accounting Policies (Details   HTML     31K 
                4)                                                               
24: R46         Allowance for Doubtful Receivables (Details)        HTML     41K 
40: R47         Inventories (Details)                               HTML     44K 
20: R48         Property, Plant and Equipment, Net (Details)        HTML     52K 
88: R49         Prepaid Land Use Right (Details)                    HTML     32K 
33: R50         Accrued Expenses and Current Liabilities (Details)  HTML     47K 
85: R51         Derivative Financial Instruments (Details)          HTML     39K 
37: R52         Derivative Financial Instruments (Details 2)        HTML     30K 
54: R53         Fair Value Measurement (Details)                    HTML     51K 
19: R54         Fair Value Measurement (Details 2)                  HTML     38K 
22: R55         Fair Value Measurement (Details 3)                  HTML     36K 
47: R56         Bank Borrowings (Details)                           HTML     39K 
28: R57         Bank Borrowings (Details 2)                         HTML     47K 
93: R58         Bank Borrowings (Details 3)                         HTML     81K 
59: R59         Bank Borrowings (Details 4)                         HTML     42K 
77: R60         Convertible Senior Notes (Details)                  HTML     93K 
39: R61         Accrued Warranty Costs (Details)                    HTML     34K 
42: R62         Share-Based Compensation (Details)                  HTML    161K 
83: R63         Tax Expense (Details)                               HTML     39K 
81: R64         Tax Expense (Details 2)                             HTML     31K 
61: R65         Tax Expense (Details 3)                             HTML     63K 
82: R66         Tax Expense (Details 4)                             HTML     56K 
38: R67         Tax Expense (Details 5)                             HTML     85K 
65: R68         Distribution of Profit (Details)                    HTML     40K 
94: R69         Related Party Transactions and Balances (Details)   HTML     50K 
21: R70         Commitments and Contingencies (Details)             HTML     47K 
31: R71         Commitments and Contingencies (Details 2)           HTML     41K 
55: R72         Commitments and Contingencies (Details 3)           HTML     38K 
27: R73         Segment Information (Details)                       HTML     37K 
97: R74         Major Customers and Suppliers (Details)             HTML     36K 
35: R75         Additional Information - Financial Statement        HTML     36K 
                Schedule I (Details)                                             
29: R76         Additional Information - Financial Statement        HTML    106K 
                Schedule I (Details 2)                                           
30: R77         Additional Information - Financial Statement        HTML     40K 
                Schedule I (Details 3)                                           
23: R78         Additional Information - Financial Statement        HTML     74K 
                Schedule I (Details 4)                                           
26: R79         Additional Information - Financial Statement        HTML    117K 
                Schedule I (Details 5)                                           
96: XML         IDEA XML File -- Filing Summary                      XML    138K 
43: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS   2.42M 
12: EX-101.INS  XBRL Instance -- tsl-20111231                        XML   3.22M 
14: EX-101.CAL  XBRL Calculations -- tsl-20111231_cal                XML    349K 
15: EX-101.DEF  XBRL Definitions -- tsl-20111231_def                 XML   1.09M 
16: EX-101.LAB  XBRL Labels -- tsl-20111231_lab                      XML   3.28M 
17: EX-101.PRE  XBRL Presentations -- tsl-20111231_pre               XML   1.56M 
13: EX-101.SCH  XBRL Schema -- tsl-20111231                          XSD    275K 
92: ZIP         XBRL Zipped Folder -- 0001104659-12-022420-xbrl      Zip    300K 


‘R6’   —   Consolidated Statements of Cash Flows


This is an IDEA Financial Report.  [ Alternative Formats ]



 
v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Operating activities:      
Net income (loss) $ (37,820,242) $ 311,452,980 $ 96,226,437
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 69,837,152 52,279,855 34,120,465
Share-based compensation 7,958,434 5,955,047 4,278,502
(Gain) loss on change in fair value of investment in securities 295,715 812,929 (484,008)
Loss (gain) on change in fair value of derivatives (9,495,084) (9,475,794) 1,590,098
Loss on disposal of property, plant and equipment 3,586,877 1,772,161 210,039
Allowance for accounts receivable, net of recoveries 26,556,358 5,435,656 12,307,522
Allowance for other receivables 4,801,713 1,542,083 2,708,554
Inventory write-down 22,242,087 10,195,272 23,127,176
Allowance for (recovery of) advances to suppliers 9,456,713 163,445 (1,963,812)
Amortization of convertible bond issuance costs 2,101,948 3,899,771 3,905,195
Gain on repurchasing convertible senior notes (2,341,290)    
Changes in operating assets and liabilities:      
Inventories (192,894,750) (8,167,579) (18,593,528)
Project assets 23,216,361 (33,040,511)  
Accounts receivable (115,775,917) (94,803,019) (195,064,903)
Prepaid expenses and other current assets (42,077,334) (4,935,390) (26,230,849)
Investment in securities   2,925,652 380,331
Advances to suppliers (18,614,756) (28,151,054) 24,140,624
Accounts payable 221,770,071 (2,406,437) 106,769,263
Amount due to related parties 6,079,370    
Accrued expenses and other current liabilities 67,008,197 33,764,877 27,560,847
Accrued warranty costs 20,099,312 17,687,493 8,550,239
Other noncurrent liabilities (4,029,184) (5,179,337) (1,060,183)
Income tax payable (29,654,334) 21,282,640 9,225,207
Deferred taxes (4,579,609) (9,456,451) (10,552,726)
Prepaid land use right (5,800,534) (9,625,161)  
Net cash provided by operating activities 21,927,274 263,929,128 101,150,490
Investing activities:      
Purchases of property, plant and equipment (360,886,231) (144,124,272) (136,482,581)
Prepaid land use right     (507,169)
Subsidies of government for property, plant and equipment 2,315,542 7,454,208 7,476,804
Proceeds from sale of property, plant and equipment 1,523,598 3,622 150,388
Investments in affiliates (3,910,984) (155,888)  
Decrease (increase) in restricted cash (41,567,128) 33,970,278 (27,014,216)
Net cash used in investing activities (402,525,203) (102,852,052) (156,376,774)
Financing activities:      
Proceeds from exercise of share options 156,048 1,088,976 744,732
Proceeds from issuance of ordinary shares, net of issuance costs   176,271,078 141,536,815
Repurchase of convertible senior notes (7,582,710)    
Redemption of convertible senior notes (320,000)    
Proceeds from short-term bank borrowings 617,992,242 375,979,373 536,530,305
Repayment of short-term bank borrowings (465,921,421) (484,754,971) (532,291,687)
Proceeds from long-term bank borrowings 298,922,413 117,461,375 182,516,037
Contribution from non-controlling interest holders 200,001    
Net cash provided by financing activities 443,446,573 186,045,831 329,036,202
Effect of exchange rate changes 1,183,743 (433,227) 24,212
Net change in cash and cash equivalents 64,032,387 346,689,680 273,834,130
Cash and cash equivalents at the beginning of the year 752,747,586 406,057,906 132,223,776
Cash and cash equivalents at the end of the year 816,779,973 752,747,586 406,057,906
Supplemental disclosure of cash flow information:      
Interest paid, net of amounts capitalized 31,182,570 29,825,019 25,896,059
Income taxes paid 52,731,568 33,410,763 26,023,351
Supplemental schedule of non-cash investing activities:      
Purchases of property, plant and equipment included in accounts payable 108,993,805 46,603,004 51,143,192
Settlement of advances to suppliers in exchange for investment in securities     $ 3,930,619

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘20-F’ Filing    Date    Other Filings
Filed on:3/29/12
For Period end:12/31/11
12/31/1020-F
12/31/0920-F
9/15/09
 List all Filings 


2 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

11/08/12  SEC                               UPLOAD10/04/17    1:126K Trina Solar Ltd.
 9/24/12  SEC                               UPLOAD10/04/17    1:157K Trina Solar Ltd.
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Filing Submission 0001104659-12-022420   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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