First Solar, Inc. (FSLR) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,7472,1642,5472,9891,9551,8301,991
Cash and cash equivalents1,2271,3531,4042,2691,3471,1271,482
Short-term investments5208121,144720608703509
Restricted cash and investments21420113773 
Receivables293661570417503542177
Inventory, net of allowances, customer advances and progress billings568444388172363380505
Inventory568444388172363380505
Prepaid expense1611389141427542
Derivative instruments and hedges, assets31246310
Disposal group, including discontinued operation156      
Assets held-for-sale21
Other current assets13224457749976
Other undisclosed current assets73156197141805344368
Total current assets:3,0153,6003,8603,8333,7873,3463,190
Noncurrent Assets
Inventory, Noncurrent201161130113101108116
Property, plant and equipment2,4022,1811,7561,1556291,2841,402
Long-term investments and receivables  26268297418267
Long-term investments  3220242400255
Accounts and financing receivable, after allowance for credit loss      12
Due from related parties  23485518 
Intangible assets, net (including goodwill)71798995102195204
Goodwill14141414148585
Intangible assets, net (excluding goodwill)5665748088110119
Restricted cash and investments 304318425371334407
Deferred income tax assets104 
Other noncurrent assets4342509683787062
Other undisclosed noncurrent assets8829418478931,5021,5631,076
Total noncurrent assets:4,0943,9163,2623,0323,0813,9713,534
TOTAL ASSETS:7,1097,5167,1216,8656,8677,3166,724
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities508586696507417748648
Accounts payable183218233120149338215
Accrued liabilities310351442367263409388
Employee-related liabilities      43
Taxes payable15172120512
Deferred revenue189323
Debt4218613283852
Derivative instruments and hedges, liabilities      8
Estimated litigation liability 363     
Disposal group, including discontinued operation26      
Deferred revenue and credits82   
Billings in excess of cost 116 195
Other liabilities83281449555889
Other undisclosed current liabilities  130 28411710
Total current liabilities:8471,3188456509009611,001
Noncurrent Liabilities
Long-term debt and lease obligation, including:238454461380160251165
Long-term debt, excluding current maturities238      
Capital lease obligations  011
Operating lease, liability 113
Other undisclosed long-term debt and lease obligation 342461380160251164
Liabilities, other than long-term debt372509468568435392331
Accrued income taxes47
Other liabilities372509468568428392285
Business combination, contingent consideration, liability    7  
Other undisclosed noncurrent liabilities131138134167159163200
Total noncurrent liabilities:7411,1011,0641,116755807696
Total liabilities:1,5882,4191,9091,7661,6551,7681,697
Stockholders' equity
Stockholders' equity attributable to parent5,5215,0975,2125,0995,2135,5485,027
Common stock0000000
Additional paid in capital2,8672,8492,8252,7992,7592,7432,698
Accumulated other comprehensive income (loss)(62)(79)(54)2(10)1550
Retained earnings2,7162,3272,4422,2972,4632,7902,280
Total stockholders' equity:5,5215,0975,2125,0995,2135,5485,027
TOTAL LIABILITIES AND EQUITY:7,1097,5167,1216,8656,8677,3166,724

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues2,7113,0632,2442,9412,9513,5793,392
Revenue, net2,9412,9513,5793,392
Cost of revenue
(Cost of Goods and Services Sold)
(2,031)(2,514)(1,852)(2,392)(2,247)(2,660)(2,565)
Gross profit:681549392549704919827
Operating expenses(363)(711)(352)(371)(1,207)(403)(403)
Operating income (loss):317(162)40178(503)517424
Nonoperating income (expense)(0)699950511010
Investment income, nonoperating17496036252318
Foreign currency transaction gain (loss), before tax(5)2(1)(10)(14)(7)(3)
Other nonoperating income (expense)(12)18402440(6)(5)
Interest and debt expense(24)(27)(26)(26)(21)(7)(2)
Income (loss) from continuing operations before equity method investments, income taxes:293(120)113202(472)520432
Income (loss) from equity method investments(2)(0)35417220(5)
Income (loss) from continuing operations before income taxes:291(120)148206(300)540427
Income tax expense (benefit)1075(3)(372)(58)6(30)
Net income (loss) available to common stockholders, diluted:398(115)144(166)(358)546397

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):398(115)144(166)(358)546397
Other comprehensive income (loss)    (25)(35)76
Comprehensive income (loss):398(115)144(166)(383)512473
Other undisclosed comprehensive income (loss), net of tax, attributable to parent18(25)(57)12   
Comprehensive income (loss), net of tax, attributable to parent:416(140)88(153)(383)512473

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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