Jinkosolar Holding Co., Ltd. cash flow statement

In fiscal 2025, Jinkosolar Holding Co., Ltd.'s operations generated $151m of cash; it spent $443m on capital projects, leaving free cash flow of −$293m. It returned $552,414 through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Jinkosolar Holding Co., Ltd.: cash flow statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	−11	34	−119	114	102	30	213	−272	−26	93	204	86	67	−864	1,954	2,342	151
Depreciation and amortisation	6	14	41	51	53	56	63	68	89	122	107	168	249	385	1,110	1,049	1,080
Stock-based pay	—	4	2	3	3	7	18	31	10	4	1	0	2	149	122	51	31
Capital spending	36	193	290	38	75	80	137	298	323	367	478	588	1,342	1,824	2,212	1,264	443
Free cash flow	−47	−159	−408	75	26	−49	76	−569	−349	−274	−273	−502	−1,275	−2,688	−258	1,078	−293
Free cash flow after stock pay	—	−163	−410	73	23	−56	58	−600	−358	−278	−274	−502	−1,276	−2,837	−380	1,027	−324
Share buybacks	—	—	9	—	—	—	—	—	—	—	—	4	—	—	11	122	1
Shares issued	—	—	—	—	—	—	—	0	0	101	71	—	99	—	—	—	—

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Jinkosolar Holding Co., Ltd.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Jinkosolar Holding Co., Ltd.