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FSLR Financial Statements and Analysis

NASDAQ : FSLR

First Solar, Inc.

$167.19
-0.33-0.20%
At Close 4:00 PM
$168.37
1.18+0.71%
After-Market 07:17 PM
72.44
B+ESG ScoreESG Rating

FSLR FINANCIAL STATEMENTS

An instrumental part of fundamental analysis is measuring key indicators of an asset, which are the factors that can influence its value and price. However, sometimes investors show more interest in financial statements with other factors to determine whether investing in that company is the right decision. Financial statements of a company include:

  • Balance Sheet
  • Income Statement
  • Cash Flow Statement

FSLR Income Statement

A company's income statement helps investors and business owners determine whether the company is profitable or losing money. Profitability is a key factor investors consider before investing in a stock. Income statements provide them with information about a company's profitability over time. The statement also enables them to observe trends in company spending and earnings since it breaks down individual costs and revenues. Income statements also provide details on where a company's money is going when it isn't profitable or its profits fluctuate.

Date2024-09-302024-06-302024-03-312023-12-312023-09-30
reported currencyUSDUSDUSDUSDUSD
calendar year20242024202420232023
periodQ3Q2Q1Q4Q3
revenue887.668M1.01B794.108M1.159B801.09M
cost of revenue442.357M515.184M449.254M656.52M424.915M
gross profit445.311M495.298M344.854M502.033M376.175M
gross profit ratio0.5020.490.4340.4330.47
research and development expenses50.197M51.937M42.742M43.862M41.19M
general and administrative expenses00000
selling and marketing expenses00000
selling general and administrative expenses46.293M42.623M45.827M57.094M50.172M
other expenses26.822M-565.00K-2.799M-27.653M-1.033M
operating expenses123.312M94.56M88.569M110.803M103.421M
cost and expenses565.669M609.744M537.823M767.323M528.336M
interest income22.58M24.599M27.245M23.565M23.254M
interest expense9.008M9.765M9.21M7.068M3.734M
depreciation and amortization111.158M97.337M86.70M89.691M77.743M
ebitda447.508M470.278M351.429M476.833M372.718M
ebitda ratio0.5040.4930.4320.4120.465
operating income321.999M400.738M256.285M397.784M272.965M
operating income ratio0.3630.3970.3230.3430.341
total other income expenses net5.343M4.62M-766.00K-31.046M-1.809M
income before tax327.342M377.131M255.519M376.681M290.465M
income before tax ratio0.3690.3730.3220.3250.363
income tax expense14.386M27.775M18.903M27.442M22.067M
net income312.956M349.356M236.616M349.239M268.398M
net income ratio0.3530.3460.2980.3010.335
eps2.923.262.213.272.51
eps diluted2.913.252.203.252.50
weighted average shs out107.049M107.042M106.91M106.844M106.834M
weighted average shs out dil107.562M107.525M107.407M107.558M107.498M
Graph

FSLR Balance Sheet

Balance sheet summarizes a company's financials and can be used as a basis by investors to determine the value of a company. It shows the value of the stock, as well as the assets and liabilities of the company. A company's balance sheet displays how its assets are put to use and how those assets are financed, based on the liabilities section. Both investors and analysts analyze a company's balance sheet to determine how it allocates its resources.

Date2024-09-302024-06-302024-03-312023-12-312023-09-30
reported currencyUSDUSDUSDUSDUSD
calendar year20242024202420232023
periodQ3Q2Q1Q4Q3
cash and cash equivalents
short term investments
cash and short term investments
net receivables
inventory
other current assets
total current assets
property plant equipment net
goodwill
intangible assets
goodwill and intangible assets
long term investments
tax assets
other non current assets
total non current assets
other assets
total assets
account payables
short term debt
tax payables
deferred revenue
other current liabilities
total current liabilities
long term debt
deferred revenue non current
deferred tax liabilities non current
other non current liabilities
total non current liabilities
other liabilities
capital lease obligations
total liabilities
preferred stock
common stock
retained earnings
accumulated other comprehensive income loss
other total stockholders equity
total stockholders equity
total equity
total liabilities and stockholders equity
minority interest
total investments
total debt
net debt
Graph

FSLR Cash Flow

A cash flow statement is regarded as a valuable indicator of profitability and the long-term outlook for a company. It assists the company in evaluating whether it has sufficient funds to cover its expenses. Essentially, a cash flow statement represents an organization's financial health. The cash flow statement, which measures the business's ability to operate in the short as well as long term, is broken down into operating, investing, and financing activities.

Date2024-09-302024-06-302024-03-312023-12-312023-09-30
reported currencyUSDUSDUSDUSDUSD
calendar year20242024202420232023
periodQ3Q2Q1Q4Q3
deferred income tax-26.944M-29.366M-29.033M-14.76M-3.446M
stock based compensation6.796M8.40M6.791M11.01M8.198M
change in working capital-459.288M-235.177M-35.306M109.246M-194.491M
accounts receivables-363.145M-64.247M299.388M80.863M-207.455M
inventory-218.882M-66.023M-149.47M42.623M-116.104M
accounts payables104.302M47.684M-160.939M-349.978M-135.426M
other working capital122.739M-152.591M-24.285M335.738M264.494M
other non cash items1.588M288.124M193.167M16.683M9.025M
net cash provided by operating activities-53.734M193.014M267.723M561.109M165.427M
investments in property plant and equipment-433.919M-365.162M-413.456M-346.912M-286.207M
acquisitions net0007.68M-199.00K
purchases of investments-900.938M-544.38M-569.446M-392.334M-727.972M
sales maturities of investments673.83M807.196M416.971M567.451M1.458B
other investing activites-4.92M-5.00M-2.697M-9.046M0
net cash used for investing activites-665.947M-107.346M-568.628M-173.161M443.992M
debt repayment-22.813M-60.629M-59.649M-60.769M-60.389M
common stock issued00000
common stock repurchased19.148M-196.00K-18.952M0-853.00K
dividends paid00000
other financing activites-1.037M-7.723M-18.952M121.508M120.778M
net cash used provided by financing activities21.776M-68.352M40.697M60.739M59.536M
effect of forex changes on cash2.795M-3.662M-1.938M6.14M-3.309M
net change in cash-695.11M20.842M-264.923M454.827M665.646M
cash at end of period1.021B1.711B1.69B1.965B1.51B
cash at beginning of period1.717B1.69B1.955B1.51B844.596M
operating cashflow-53.734M193.014M267.723M561.109M165.427M
capital expenditure-433.919M-365.162M-413.456M-346.912M-286.207M
free cash flow-487.653M-172.148M-145.733M214.197M-120.78M
Graph

Frequently Asked Questions

How did First Solar, Inc. do last quarter? What was its Total Revenue and Cost of Revenue?

A company's Total Revenue reveals how much money it generates before any expenses or deductions are made. As a result, this metric informs investors/stakeholders how much money the business makes. Tracking and understanding it is essential for evaluating a company's growth. As opposed to revenue, Cost of Revenue is any expenses a business incur to generate revenue. There can be high revenue in a business, but if the costs are high, it won't make a profit and will go out of business when money runs out. Therefore, FSLR generated $887.67M in revenue last quarter, while its costs came in at $442.36M.

Last quarter, how much Gross Profit did First Solar, Inc. report?

A business's Gross Profit is a key indicator of its profitability and financial performance. In other words, it reflects how efficiently a business uses labor, raw materials, and other resources. First Solar, Inc. reported a $445.31M Gross Profit for the quarter ended Sep 30, 2024.

Have FSLR's Total Operating Expenses and Operating Income been favorable recently?

Operational Expenses represent the costs a company must incur to generate revenue, which is the ultimate goal of a business, whereas Operating Income shows the revenue left after operational direct and indirect costs have been deducted. FSLR incurred $123.31M worth of Operating Expenses, while it generated $322.00M worth of Operating Income.

How much Net Income has FSLR posted recently?

The Net Income of a company is one of the factors investors consider when investing in the company. According to recent earnings report from First Solar, Inc., the company generated $312.96M in Net Income. When a company has a history of consistent net income, investors are more likely to invest in it since they know they will get a return.

At the end of the last quarter, how much Cash and Equivalents did First Solar, Inc. have?

The amount of Cash and Cash Equivalents is an effective indicator of the financial strength and well-being of a company. An excess cash situation occurs when a company has more cash and cash equivalents than it needs for operating activities. The amount of Cash and Cash Equivalents available to First Solar, Inc. as of the end of the last quarter was -.

What are FSLR's Total Net Receivables for the last quarter?

Total Net Receivables are a company's outstanding debts to its customers. Therefore, it refers to the amount that a company expects to collect from its customers. The higher a company's net receivables are, the more confident it is that it can collect money from its debtors. As of the end of the last quarter, FSLR had Total Net Receivables of -.

In terms of Total Assets and Current Assets, where did First Solar, Inc. stand at?

An asset with an economic value within a year is considered a current asset. Total assets, however, also include long-term fixed assets, intangible assets, and other non-current assets. The current Assets of FSLR were -, while the Total Assets stand at -.

As of the last quarter, how much Total Debt did First Solar, Inc. have?

The total debt of a business refers to how much it borrows. A company's current and long-term liabilities are added together to calculate its Total Debt. A debt ratio may be taken into account on a balance sheet by financial lenders, investors, and business leaders when making informed decisions about future loans or investments. The total amount of FSLR's debt was - at the end of the last quarter.

What were FSLR's Total Liabilities during the last reported quarter?

A company's total liabilities are the sum of all debts it is liable for, including any off-balance shee liabilities it may incur. This can be calculated by adding up all short-term and long-term liabilities. In its last quarter, FSLR reported total liabilities of -.

How much did FSLR's Working Capital change over the last quarter?

Working Capital Change for FSLR was -$459.29M over the last quarter. Working Capital Change refers to the difference between net working capital amounts at the end of one accounting period and the end of another. It tells investors/stakeholders how much the company's cash flow will differ from its Net Income (i.e., after-tax profits). More powerful companies often have positive Change in Working Capital numbers as they have increased control over collecting cash from customers and delaying payments to suppliers.

FSLR generated how much cash from operating activities?

An operating cash flow statement usually contains cash from operating activities in the first section. An organization's cash from operating activities refers to the money it takes in and takes out as a result of its regular business operations. FSLR generated -$53.73M of Cash from Operating Activities during its recently reported quarter.

What was FSLR's latest reported Net Change in Cash?

An increase or decrease in cash and cash equivalent balances within a specified period is considered the net change in cash in a cash flow statement. Furthermore, it takes into account cash changes as a result of investments, financing, and operating activities. FSLR reported a -$695.11M Net Change in Cash in the most recent quarter.

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