ReneSola Ltd.

(NYSE:SOL)
  Sep 30, 2008 Jun 30, 2008 Dec 31, 2007 Sep 30, 2007
Cash Flow Statement
Cash At Beginning Of Period 274,153 120,578 404 9,862
Cash At End Of Period 99,441 341,594 9,862 68,935
Net Change In Cash And Cash Equivalents -174,712 221,016 9,458 59,074
Effect Of Exchange Rate Changes 10,093 8,659 -57 2,747
Net Income Or Loss 73,369 40,984 25,301 25,465
Cash From Operating Activities
Depreciation Expenses 10,385 6,112 733 2,437
Amortization Expenses 1,452
Amortization Of Intangibles Expenses
Deferred Income Taxes 9,583 5,380 -2,721 -1,188
Operating Gains Or Losses -3,985 1,122 32 64
Extraordinary Gains Or Losses
Increase Or Decrease In Receivables 5,980 5,531 -4,853 -4,798
Increase Or Decrease In Inventories -202,027 -84,370 -40,591 -46,816
Increase Or Decrease In Prepaid Expenses -15,702 -5,295 -2,400 -14,734
Increase Or Decrease In Other Current Assets -15,702 -5,295 -2,400 -14,734
Increase Or Decrease In Payables -43,746 -42,738 -20,526 -23,242
Increase Or Decrease In Other Current Liabilities 5,754 7,476 3,195 4,638
Increase Or Decrease In Other Working Capital 87,355 30,794 30,037 146
Other Non Cash Items 7,800 3,999 -4,036
Net Cash From Continuing Operations -209,687 3,170 330 351
Net Cash From Discontinued Operations -274,921 -27,835 -15,499 -56,225
Net Cash From Operating Activities
Cash From Investing Activities
Sale Of Property Plant And Equipment
Sale Of Long Term Investments
Sale Of Short Term Investments
Purchase Of Property Plant And Equipment -144,124 -72,998 -32,204 -69,702
Acquisitions
Purchase Of Long Term Investments
Purchase Of Short Term Investments
Other Investing Changes Net -172,678 -61,670
Cash From Discontinued Investing Activities
Net Cash From Investing Activities -316,802 -134,668 -32,204 -69,702
Cash From Financing Activities
Issuance Of Debt 315,779 315,779 50,000
Issuance Of Capital Stock
Repayment Of Debt
Repurchase Of Capital Stock
Payment Of Cash Dividends -21,509 -21,509 -6,529 1,881
Net Other Financing Charges -21,509 -21,509 -6,529 1,881
Cash From Discontinued Financing Activities
Net Cash From Financing Activities 406,918 374,860 57,218 182,255