First Financial Statements From 2010 to 2024

FSLR Stock  USD 177.48  2.62  1.45%   
First Solar financial statements provide useful quarterly and yearly information to potential First Solar investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on First Solar financial statements helps investors assess First Solar's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting First Solar's valuation are summarized below:
Gross Profit
127.7 M
Profit Margin
0.2503
Market Capitalization
19.3 B
Enterprise Value Revenue
5.4403
Revenue
3.3 B
There are over one hundred nineteen available fundamental signals for First Solar, which can be analyzed over time and compared to other ratios. Investors and active traders are advised to verify First Solar's prevailing fundamental performance against the performance between 2010 and 2024 to make sure the trends are evolving in the right direction. As of 04/25/2024, Market Cap is likely to drop to about 4.2 B. In addition to that, Enterprise Value is likely to drop to about 5.7 B

First Solar Total Revenue

2.29 Billion

Check First Solar financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among First main balance sheet or income statement drivers, such as Interest Expense of 9.9 M, Gross Profit of 1.4 B or Other Operating Expenses of 2 B, as well as many exotic indicators such as Price To Sales Ratio of 5.27, Dividend Yield of 0.0 or PTB Ratio of 4.35. First financial statements analysis is a perfect complement when working with First Solar Valuation or Volatility modules.
  
This module can also supplement First Solar's financial leverage analysis and stock options assessment as well as various First Solar Technical models . Check out the analysis of First Solar Correlation against competitors.
To learn how to invest in First Stock, please use our How to Invest in First Solar guide.

First Solar Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets5.3 B10.4 B6.7 B
Slightly volatile
Short and Long Term Debt Total655.6 M624.4 M366.2 M
Pretty Stable
Property Plant And Equipment Net4.7 B4.5 B2.2 B
Slightly volatile
CashB1.9 B1.3 B
Slightly volatile
Non Current Assets TotalB5.7 B3.7 B
Slightly volatile
Non Currrent Assets Other705.6 M545.4 M936 M
Very volatile
Cash And Short Term Investments1.4 B2.1 B1.8 B
Slightly volatile
Net Receivables1.5 B1.4 B625.8 M
Slightly volatile
Common Stock Shares Outstanding93 M107.4 M97.6 M
Slightly volatile
Liabilities And Stockholders Equity5.3 B10.4 B6.7 B
Slightly volatile
Non Current Liabilities Total2.5 B2.4 B1.1 B
Slightly volatile
Inventory1.1 BB545.3 M
Slightly volatile
Total Liabilities3.9 B3.7 B2.1 B
Slightly volatile
Total Current Assets2.5 B4.6 B3.2 B
Slightly volatile
Property Plant And Equipment Gross6.5 B6.2 B2.4 B
Slightly volatile
Other Current Liabilities419.9 M578.8 M511.7 M
Very volatile
Total Current Liabilities813 M1.3 B938.4 M
Pretty Stable
Accounts Payable184.8 M207.2 M211.4 M
Pretty Stable
Short Term Investments147.7 M155.5 M493.3 M
Slightly volatile
Other Current Assets31.4 M33 M166.9 M
Pretty Stable
Other Liabilities1.4 B1.3 B684.9 M
Slightly volatile
Long Term Debt290.2 M464.1 M310.2 M
Very volatile
Short Term Debt111.9 M106.6 M41 M
Pretty Stable
Intangible Assets82.4 M64.5 M71.4 M
Pretty Stable
Common Stock91.5 K96.3 K10.9 M
Slightly volatile
Property Plant Equipment4.4 B4.2 B2.1 B
Slightly volatile
Common Stock Total Equity107.5 K121.9 K100.8 K
Slightly volatile
Good Will28.2 M29.7 M38.6 M
Slightly volatile
Current Deferred Revenue215.6 M413.6 M193 M
Slightly volatile
Net Tangible Assets5.1 B6.7 B4.9 B
Slightly volatile
Retained Earnings Total Equity2.4 B3.7 B2.4 B
Slightly volatile
Long Term Debt Total337.2 M271.4 M308 M
Very volatile
Capital Surpluse2.8 B3.3 B2.6 B
Slightly volatile
Long Term Investments2.4 M2.5 M117.5 M
Slightly volatile
Non Current Liabilities Other42.5 M44.8 M482.7 M
Slightly volatile
Deferred Long Term Asset Charges177.2 M117.7 M191 M
Slightly volatile
Short and Long Term Debt116.2 M110.7 M50 M
Slightly volatile
Net Invested Capital6.6 B7.2 B5.8 B
Slightly volatile
Net Working CapitalB3.3 BB
Slightly volatile
Capital Stock116.6 K123 K107.2 K
Slightly volatile
Capital Lease Obligations95.9 M64.1 M120.5 M
Pretty Stable

First Solar Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Other Operating ExpensesB2.4 B2.5 B
Pretty Stable
Research Development88.8 M152.3 M108.5 M
Very volatile
Cost Of Revenue1.7 BB2.1 B
Pretty Stable
Total Operating Expenses316.1 M414.7 M358.9 M
Very volatile
Total Revenue2.3 B3.3 B2.8 B
Pretty Stable
Selling General Administrative233.8 M183.3 M223.3 M
Pretty Stable
Non Recurring18 M18.9 M149.7 M
Slightly volatile
Interest Income97.1 M92.4 M31.1 M
Slightly volatile
Reconciled Depreciation236.2 M288.8 M169.8 M
Slightly volatile

First Solar Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Other Cashflows From Financing Activities740.1 M704.8 M394.5 M
Very volatile
End Period Cash Flow1.1 BB1.3 B
Slightly volatile
Begin Period Cash Flow1.1 B1.5 B1.2 B
Slightly volatile
Depreciation185.7 M308 M211.8 M
Slightly volatile
Stock Based Compensation29.8 M34.2 M38.3 M
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio5.275.54412.8885
Slightly volatile
PTB Ratio4.352.75121.7523
Slightly volatile
Days Sales Outstanding79.7915571.7045
Pretty Stable
Book Value Per Share65.7562.619750.5453
Slightly volatile
Invested Capital0.170.09340.0821
Very volatile
Stock Based Compensation To Revenue0.0140.01030.016
Slightly volatile
PB Ratio4.352.75121.7523
Slightly volatile
EV To Sales4.895.14562.5534
Slightly volatile
Inventory Turnover1.891.99384.6868
Slightly volatile
Days Of Inventory On Hand19218393.6262
Slightly volatile
Payables Turnover13.069.7411.1459
Very volatile
Research And Ddevelopement To Revenue0.04360.04590.0393
Very volatile
Cash Per Share10.5919.687117.7597
Slightly volatile
Days Payables Outstanding52.3137.474236.9056
Pretty Stable
Intangibles To Total Assets0.00860.00910.018
Slightly volatile
Current Ratio2.863.54843.5428
Pretty Stable
Tangible Book Value Per Share64.8261.737649.3418
Slightly volatile
Receivables Turnover2.242.35766.119
Pretty Stable
Graham Number11010559.7809
Slightly volatile
Shareholders Equity Per Share65.7562.619750.5453
Slightly volatile
Debt To Equity0.170.09340.0821
Very volatile
Revenue Per Share17.231.074528.9229
Slightly volatile
Interest Debt Per Share6.275.9683.9397
Very volatile
Debt To Assets0.05720.06020.0524
Slightly volatile
Enterprise Value Over EBITDA14.213.525731.5157
Slightly volatile
Operating Cycle355338171
Slightly volatile
Price Book Value Ratio4.352.75121.7523
Slightly volatile
Days Of Payables Outstanding52.3137.474236.9056
Pretty Stable
Company Equity Multiplier1.691.54991.4323
Very volatile
Long Term Debt To Capitalization0.06830.07190.0628
Pretty Stable
Total Debt To Capitalization0.08110.08540.0699
Slightly volatile
Debt Equity Ratio0.170.09340.0821
Very volatile
Quick Ratio2.182.68742.6108
Slightly volatile
Cash Ratio1.841.49061.4989
Slightly volatile
Cash Conversion Cycle315300135
Slightly volatile
Days Of Inventory Outstanding19218393.6262
Slightly volatile
Days Of Sales Outstanding79.7915571.7045
Pretty Stable
Price To Book Ratio4.352.75121.7523
Slightly volatile
Fixed Asset Turnover1.140.73771.644
Slightly volatile
Enterprise Value Multiple14.213.525731.5157
Slightly volatile
Debt Ratio0.05720.06020.0524
Slightly volatile
Price Sales Ratio5.275.54412.8885
Slightly volatile
Asset Turnover0.330.32020.4283
Slightly volatile
Gross Profit Margin0.410.39190.2653
Pretty Stable
Price Fair Value4.352.75121.7523
Slightly volatile

First Solar Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap4.2 B6.3 B5.5 B
Slightly volatile
Enterprise Value5.7 B5.9 B5.2 B
Very volatile

First Fundamental Market Drivers

Forward Price Earnings13.4409
Cash And Short Term Investments2.1 B

First Upcoming Events

27th of February 2024
Upcoming Quarterly Report
View
25th of April 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
27th of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About First Solar Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include First Solar income statement, its balance sheet, and the statement of cash flows. First Solar investors use historical funamental indicators, such as First Solar's revenue or net income, to determine how well the company is positioned to perform in the future. Although First Solar investors may use each financial statement separately, they are all related. The changes in First Solar's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on First Solar's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on First Solar Financial Statements. Understanding these patterns can help to make the right decision on long term investment in First Solar. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Deferred Revenue413.6 M215.6 M
Cost Of RevenueB1.7 B
Total Revenue3.3 B2.3 B
Stock Based Compensation To Revenue 0.01  0.01 
Sales General And Administrative To Revenue 0.00  0.00 
Research And Ddevelopement To Revenue 0.05  0.04 
Capex To Revenue(0.42)(0.44)
Revenue Per Share 31.07  17.20 
Ebit Per Revenue 0.26  0.27 

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When determining whether First Solar is a strong investment it is important to analyze First Solar's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact First Solar's future performance. For an informed investment choice regarding First Stock, refer to the following important reports:
Check out the analysis of First Solar Correlation against competitors.
To learn how to invest in First Stock, please use our How to Invest in First Solar guide.
You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

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Is First Solar's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First Solar. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First Solar listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
2.058
Earnings Share
7.74
Revenue Per Share
31.075
Quarterly Revenue Growth
0.156
Return On Assets
0.0595
The market value of First Solar is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Solar's value that differs from its market value or its book value, called intrinsic value, which is First Solar's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Solar's market value can be influenced by many factors that don't directly affect First Solar's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Solar's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Solar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Solar's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.