ReneSola Ltd.

(NYSE:SOL)
  Sep 30, 2008 Jun 30, 2008 Dec 31, 2007 Sep 30, 2007
Assets
Current Assets
Cash & Equivalents 67,441 274,153 53,137 68,935
Restricted Cash — — — —
Marketable Securities — — — —
Accounts Receivable 16,234 2,735 8,755 5,564
Loans Receivable — — — —
Other Receivable 3,808 2,021 117 4,050
Receivables 20,042 4,756 8,872 9,614
Raw Materials — — — 40,818
Work in Progress — — — 50,840
Purchased Components — — — —
Finished Goods — — — 2,605
Other Inventories 156,277 206,149 — —
Inventories Adjustments and Allowances — — — —
Inventories 156,277 206,149 110,630 94,263
Prepaid Expenses 4,972 6,218 9,654 15,076
Current Deferred Income Taxes 8,861 5,485 10,487 4,906
Other Current Assets 124,889 128,147 70,940 48,464
Total Current Assets 382,482 624,908 263,720 241,258
Land and Improvements — — — —
Building and Improvements — — — 13,017
Machinery Furniture and Equipment — — — 64,521
Construction in Progress — — — 20,144
Other Fixed Assets 177,487 189,148 — —
Total Fixed Assets 177,487 189,148 — 97,681
Gross Fixed Assets 177,487 189,148 144,100 97,681
Accumulated Depreciation and Depletion 5,157 5,157 — 3,281
Net Fixed Assets 172,330 183,991 144,100 94,400
Intangibles — — — —
Cost in Excess — — — —
Non Current Deferred Income Taxes 629 359 284 24
Other Non Current Assets 89,647 117,262 32,984 33,827
Total Non Current Assets 262,606 301,612 177,368 128,250
Total Assets 645,088 926,520 441,088 369,509
Liabilities
Current Liabilities
Accounts Payable 22,373 21,702 13,147 9,827
Notes Payable — — — —
Short Term Debt 88,968 133,581 71,691 74,554
Accrued Expenses — — — —
Accrued Liabilities — — — —
Deferred Revenues — — — —
Current Deferred Income Tax Liabilities — — — —
Other Current Liabilities 84,531 111,211 73,538 40,391
Total Current Liabilities 195,872 266,494 158,376 124,772
Non Current Liabilities
Long Term Debt 168,084 181,696 146,062 131,041
Capital Lease Obligations — — — —
Deferred Income Tax Liabilities — — 633 157
Other Non Current Liabilities 1,114 1,837 546 65
Minority Interest Liabilities 17,635 707 — 9,627
Preferred Securities of Subsidiary Trust Liabilities — — — —
Preferred Equity Outside Stock Equity — — — —
Total Non Current Liabilities 382,705 450,734 305,617 265,663
Total Liabilities 186,833 184,240 147,241 140,890
Shareholders' Equity
Preferred Stock Equity — — — —
Common Stock Equity 262,383 475,786 125,708 103,846
Common Par 145,291 330,666 36,266 —
Additional Paid in Capital 15,579 16,609 14,827 50,423
Cumulative Translation Adjustment — — — —
Retained Earnings 83,875 107,184 66,200 48,729
Treasury Stock — — — —
Other Equity Adjustments 17,638 21,327 8,415 4,694
Total Capitalization 430,467 657,482 271,770 234,887
Cash Flow 101,507 79,566 — —
Working Capital 186,610 358,414 105,344 116,486
Free Cash Flow -419,045 -100,833 — -125,928
Invested Capital 430,467 657,482 271,770 234,887
Total Equity 262,383 475,786 125,708 103,846
Total Liabilities and Stock Equity 645,088 926,520 431,325 369,509