First Solar, Inc. (FSLR) financial statements (2022 and earlier)

Company profile

Business Address 350 WEST WASHINGTON STREET
TEMPE, AZ 85281
State of Incorp. DE
Fiscal Year End December 31
SIC 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,8261,7472,1642,5472,9891,9551,830
Cash and cash equivalents1,4511,2271,3531,4042,2691,3471,127
Short-term investments3755208121,144720608703
Restricted cash and investments 21420113773
Receivables429293661570417503542
Inventory, net of allowances, customer advances and progress billings666568444388172363380
Inventory666568444388172363380
Prepaid expense 16113891414275
Derivative instruments and hedges, assets 312463
Disposal group, including discontinued operation 156     
Other current assets244132244577499
Other undisclosed current assets2573156197141805344
Total current assets:3,1913,0153,6003,8603,8333,7873,346
Noncurrent Assets
Inventory, Noncurrent238201161130113101108
Property, plant and equipment2,6502,4022,1811,7561,1556291,284
Long-term investments and receivables   26268297418
Long-term investments   3220242400
Due from related parties   23485518
Intangible assets, net (including goodwill)6071798995102195
Goodwill14141414141485
Intangible assets, net (excluding goodwill)465665748088110
Restricted cash and investments  304318425371334
Deferred income tax assets59104 
Other noncurrent assets43943425096837870
Other undisclosed noncurrent assets7788829418478931,5021,563
Total noncurrent assets:4,2234,0943,9163,2623,0323,0813,971
TOTAL ASSETS:7,4147,1097,5167,1216,8656,8677,316
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities486508586696507417748
Accounts payable193183218233120149338
Accrued liabilities288310351442367263409
Taxes payable51517212051
Deferred revenue202189323
Debt442186132838
Estimated litigation liability  363    
Disposal group, including discontinued operation 26     
Deferred revenue and credits82  
Billings in excess of cost 116 
Other liabilities35832814495558
Other undisclosed current liabilities   130 284117
Total current liabilities:7278471,318845650900961
Noncurrent Liabilities
Long-term debt and lease obligation, including:236238454461380160251
Long-term debt, excluding current maturities236238     
Capital lease obligations  01
Operating lease, liability  113
Other undisclosed long-term debt and lease obligation  342461380160251
Liabilities, other than long-term debt352372509468568435392
Other liabilities352372509468568428392
Business combination, contingent consideration, liability     7 
Other undisclosed noncurrent liabilities139131138134167159163
Total noncurrent liabilities:7277411,1011,0641,116755807
Total liabilities:1,4541,5882,4191,9091,7661,6551,768
Stockholders' equity
Stockholders' equity attributable to parent5,9605,5215,0975,2125,0995,2135,548
Common stock0000000
Additional paid in capital2,8712,8672,8492,8252,7992,7592,743
Accumulated other comprehensive income (loss)(96)(62)(79)(54)2(10)15
Retained earnings3,1842,7162,3272,4422,2972,4632,790
Total stockholders' equity:5,9605,5215,0975,2125,0995,2135,548
TOTAL LIABILITIES AND EQUITY:7,4147,1097,5167,1216,8656,8677,316

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues2,9232,7113,0632,2442,9412,9513,579
Revenue, net2,9412,9513,579
Cost of revenue
(Cost of Goods and Services Sold)
(2,193)(2,031)(2,514)(1,852)(2,392)(2,247)(2,660)
Gross profit:730681549392549704919
Operating expenses(290)(363)(711)(352)(371)(1,207)(403)
Other undisclosed operating income147      
Operating income (loss):587317(162)40178(503)517
Nonoperating income (expense)(1)(0)6999505110
Investment income, nonoperating6174960362523
Foreign currency transaction gain (loss), before tax(8)(5)2(1)(10)(14)(7)
Other nonoperating income (expense)0(12)18402440(6)
Interest and debt expense(13)(24)(27)(26)(26)(21)(7)
Income (loss) from continuing operations before equity method investments, income taxes:572293(120)113202(472)520
Income (loss) from equity method investments (2)(0)35417220
Income (loss) from continuing operations before income taxes:572291(120)148206(300)540
Income tax expense (benefit)(103)1075(3)(372)(58)6
Net income (loss) available to common stockholders, diluted:469398(115)144(166)(358)546

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):469398(115)144(166)(358)546
Other comprehensive loss     (25)(35)
Comprehensive income (loss):469398(115)144(166)(383)512
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(35)18(25)(57)12  
Comprehensive income (loss), net of tax, attributable to parent:434416(140)88(153)(383)512

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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