|
Consolidated Income Statements (USD $)
In Millions, except Per Share data
|
12 Months Ended |
|
Dec. 31, 2010
|
Dec. 31, 2009
|
Dec. 31, 2008
|
| Net revenues: |
 |
 |
 |
| PV modules |
$ 2,766.3 |
$ 1,606.3 |
$ 1,785.8 |
| -- Investee companies of GSF |
197.4 |
115.8 |
 |
| -- Others |
2,568.9 |
1,490.5 |
 |
| Others |
135.6 |
87.0 |
137.7 |
| Total net revenues |
2,901.9 |
1,693.3 |
1,923.5 |
| Cost of revenues: |
 |
 |
 |
| PV modules |
2,251.20 |
1,258.80 |
1,448.20 |
| Others |
146.9 |
95.7 |
132.4 |
| Total cost of revenues |
2,398.1 |
1,354.5 |
1,580.6 |
| Gross profit |
503.8 |
338.8 |
342.9 |
| Selling expenses |
78.7 |
58.9 |
59.3 |
| General and administrative expenses |
125.1 |
76.9 |
85.8 |
| Research and development expenses |
40.2 |
29.0 |
15.3 |
| Provision for prepayment to affiliates |
8.0 |
 |
 |
| Impairment of long-lived assets |
54.6 |
 |
 |
| Total operating expenses |
306.6 |
164.8 |
160.4 |
| Income from operations |
197.2 |
174.0 |
182.5 |
| Interest expense |
(99.5) |
(103.3) |
(106.1) |
| Interest income |
7.6 |
9.6 |
32.6 |
| Other (expense) income, net |
(94.4) |
11.2 |
(76.7) |
| Earnings before income taxes, noncontrolling interest and equity in net earnings (loss) of affiliates |
10.9 |
91.5 |
32.3 |
| Tax (expense) benefit, net |
(23.8) |
(2.5) |
(1.6) |
| Equity in (loss) earnings of affiliates, net of taxes |
250.8 |
(3.3) |
0.3 |
| Net income |
237.9 |
85.7 |
31.0 |
| Add: Net loss (income) attributable to the noncontrolling interest |
(1.0) |
(0.1) |
1.4 |
| Net income attributable to ordinary shareholders of Suntech Power Holdings Co., Ltd. |
$ 236.9 |
$ 85.6 |
$ 32.4 |
| Net income per ordinary share: |
 |
 |
 |
| Basic |
$ 1.32 |
$ 0.50 |
$ 0.21 |
| Diluted |
$ 1.30 |
$ 0.50 |
$ 0.20 |
| Weighted average number of shares used in computation: |
 |
 |
 |
| Basic |
179.6 |
169.7 |
154.7 |
| Diluted |
181.6 |
172.5 |
160.3 |