First Solar, Inc. (FSLR) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,1642,5472,9891,9551,8301,9911,764
Cash and cash equivalents1,3531,4042,2691,3471,1271,4821,325
Short-term investments8121,144720608703509439
Restricted cash and investments1420113773  
Receivables661570417503542177239
Inventory, net of allowances, customer advances and progress billings444388172363380505389
Inventory444388172363380505389
Prepaid expense138914142754225
Deferred costs      1
Derivative instruments and hedges, assets12463108
Assets held-for-sale21133
Other current assets22445774997661
Other undisclosed current assets1561971418053443681,173
Total current assets:3,6003,8603,8333,7873,3463,1903,793
Noncurrent Assets
Inventory, Noncurrent161130113101108116130
Property, plant and equipment2,1811,7561,1556291,2841,4021,385
Long-term investments and receivables 2626829741826727
Long-term investments 322024240025517
Accounts and financing receivable, after allowance for credit loss     1210
Due from related parties 23485518  
Intangible assets, net (including goodwill)798995102195204202
Goodwill14141414858585
Intangible assets, net (excluding goodwill)65748088110119117
Restricted cash and investments304318425371334407279
Other noncurrent assets2509683787062193
Other undisclosed noncurrent assets9418478931,5021,5631,076874
Total noncurrent assets:3,9163,2623,0323,0813,9713,5343,091
TOTAL ASSETS:7,5167,1216,8656,8677,3166,7246,884
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities586696507417748648638
Accounts payable218233120149338215261
Accrued liabilities351442367263409388320
Employee-related liabilities     4350
Taxes payable1721205127
Deferred revenue323
Debt1861328385261
Derivative instruments and hedges, liabilities     88
Estimated litigation liability363      
Deferred revenue and credits82    
Billings in excess of cost 116 195118
Deferred tax liabilities     0
Other liabilities281449555889297
Other undisclosed current liabilities 130 28411710466
Total current liabilities:1,3188456509009611,0011,588
Noncurrent Liabilities
Long-term debt and lease obligation, including:454461380160251165163
Capital lease obligations  0112
Operating lease, liability113
Other undisclosed long-term debt and lease obligation342461380160251164161
Liabilities, other than long-term debt509468568435392331749
Accrued income taxes47119
Accrued environmental loss contingencies      225
Other liabilities509468568428392285404
Business combination, contingent consideration, liability   7  
Other undisclosed noncurrent liabilities138134167159163200(119)
Total noncurrent liabilities:1,1011,0641,116755807696792
Total liabilities:2,4191,9091,7661,6551,7681,6972,380
Stockholders' equity
Stockholders' equity attributable to parent5,0975,2125,0995,2135,5485,0274,503
Common stock0000000
Additional paid in capital2,8492,8252,7992,7592,7432,6982,646
Accumulated other comprehensive income (loss)(79)(54)2(10)1550(26)
Retained earnings2,3272,4422,2972,4632,7902,2801,883
Total stockholders' equity:5,0975,2125,0995,2135,5485,0274,503
TOTAL LIABILITIES AND EQUITY:7,5167,1216,8656,8677,3166,7246,884

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues3,0632,2442,9412,9513,5793,3923,309
Revenue, net2,9412,9513,5793,3923,309
Cost of revenue
(Cost of Goods and Services Sold)
(2,514)(1,852)(2,392)(2,247)(2,660)(2,565)(2,446)
Gross profit:549392549704919827863
Operating expenses(711)(352)(371)(1,207)(403)(403)(494)
Operating income (loss):(162)40178(503)517424369
Nonoperating income69995051101012
Investment income, nonoperating49603625231817
Foreign currency transaction gain (loss), before tax2(1)(10)(14)(7)(3)(0)
Other nonoperating income (expense)18402440(6)(5)(5)
Interest and debt expense(27)(26)(26)(21)(7)(2)(2)
Income (loss) from continuing operations before equity method investments, income taxes:(120)113202(472)520432378
Income (loss) from equity method investments(0)35417220(5) 
Income (loss) from continuing operations before income taxes:(120)148206(300)540427378
Income tax expense (benefit)5(3)(372)(58)6(30)(25)
Net income (loss) available to common stockholders, diluted:(115)144(166)(358)546397353

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(115)144(166)(358)546397353
Other comprehensive income (loss)   (25)(35)76 
Comprehensive income (loss):(115)144(166)(383)512473353
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(25)(57)12   (36)
Comprehensive income (loss), net of tax, attributable to parent:(140)88(153)(383)512473317

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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