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First Solar

NASDAQ: FSLR

Stock price

173.79 USD

(+0%) TODAY

SemiconductorsSolar
Financials

all figures in US$ Millions except per share data

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Actual
10 year cagr
Help
Where available up to 10y CAGR shown for absolute numbers 10y Average marked A shown for relative numbers such as margins
Fiscal
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Average (A)
Fiscal period end dates
Expand all rows
01Earnings per share
Help
Earnings per share = Net Income / Number of Shares Outstanding
5.4
(3.5)
(1.6)
1.4
(1.1)
3.7
4.4
(0.4)
7.7
12
14.2
10.2%
02Free cash flow per share
(5.2)
(0.2)
7.9
(10.1)
(4.7)
(3.6)
(2.8)
(0.3)
(7.3)
(2.9)
11
-
03Dividends per share
-
-
-
-
-
-
-
-
-
-
-
-
04Dividends payout, %
-
-
-
-
-
-
-
-
-
-
-
-
PROFIT AND LOSS STATEMENT
05Revenue
$ 4,113
$ 2,905
$ 2,941
$ 2,244
$ 3,063
$ 2,711
$ 2,923
$ 2,619
$ 3,319
$ 4,206
$ 5,219
2.4%
06% Change
-
(29.4)%
1.3%
(23.7)%
36.5%
(11.5)%
7.8%
(10.4)%
26.7%
26.8%
24.1%
2.4%
07Cost of revenue
(2,980)
(2,266)
(2,392)
(1,852)
(2,514)
(2,031)
(2,193)
(2,550)
(2,018)
(2,348)
(3,099)
0.4%
08Gross profit
1,133
638.4
548.9
392.2
549.2
680.7
730
69.9
1,301
1,858
2,120
6.5%
09% Margin
27.5%
22%
18.7%
17.5%
17.9%
25.1%
25%
2.7%
39.2%
44.2%
40.6%
25.5% A
10Operating expenses
(402.6)
(1,207)
(371.1)
(352.1)
(711)
(363.2)
(143.2)
(97.1)
(443.4)
(463.4)
(523.5)
2.7%
11% of Revenue
(9.8)%
(41.5)%
(12.6)%
(15.7)%
(23.2)%
(13.4)%
(4.9)%
(3.7)%
(13.4)%
(11)%
(10)%
(14.5)% A
12Operating Income
730.2
(568.2)
177.9
40.1
(161.8)
317.5
586.8
(27.2)
857.3
1,394
1,597
8.1%
13Income tax expense
(32.3)
(23.2)
(372)
(3.4)
(5.5)
(107.3)
(103.5)
(52.8)
(60.5)
(114.3)
(52.7)
5%
14Net Income
593.4
(416.1)
(165.6)
144.3
(114.9)
398.4
468.7
(44.2)
830.8
1,292
1,528
9.9%
15% Margin
14.4%
(14.3)%
(5.6)%
6.4%
(3.8)%
14.7%
16%
(1.7)%
25%
30.7%
29.3%
10.1% A
16Shares Outstanding
101,815
102,866
104,328
106,113
105,310
106,686
106,924
106,551
107,372
107,525
107,537
0.6%
17EPS Basic
5.4
(3.5)
(1.6)
1.4
(1.1)
3.8
4.4
(0.4)
7.8
12.1
14.3
10.2%
18EPS Diluted
5.4
(3.5)
(1.6)
1.4
(1.1)
3.7
4.4
(0.4)
7.7
12
14.2
10.2%
19EBITDA
998.1
(285.8)
343.2
269.8
112.4
550.2
845.2
290.5
1,212
1,869
2,154
8%
% Margin
24.3%
(9.8)%
11.7%
12%
3.7%
20.3%
28.9%
11.1%
36.5%
44.4%
41.3%
20.4% A
20Net Interest Income (expense)
15.5
4.7
9.9
33.9
21.8
(7.5)
(6.9)
21.1
84.7
50.2
37.6
9.3%
21Net Debt / EBITDA
(0.8)
4
(5.3)
(3.5)
(6.7)
(1.4)
(1.2)
(4.3)
(1.1)
(0.5)
(1.1)
(2) A
BALANCE SHEET
ASSETS
Current Assets
22Cash & equivalents
1,127
1,347
2,269
1,404
1,353
1,227
1,451
1,481
1,947
1,621
2,804
9.5%
23Short-term investments
703.5
608
720.4
1,144
811.5
520.1
375.4
1,097
155.5
171.6
51.8
(23)%
24Accounts receivable
561.1
510.7
419
612.8
712.3
294.3
454.7
329.6
1,408
1,809
1,940
13.2%
25Other current assets
385.4
896
209.3
249.5
226.2
271.1
91.1
100.5
112.6
138.9
161.1
(8.4)%
26Inventory
517.3
426
201.2
444.8
497.1
702.1
819.4
783.3
1,012
1,349
1,073
7.6%
27Total Current Assets
3,346
3,787
3,833
3,860
3,600
3,015
3,191
3,791
4,635
5,089
6,029
6.1%
Non-Current Assets
28Net property, plant & equipment
1,378
1,078
1,572
2,065
2,804
2,872
3,074
3,630
4,499
5,557
5,676
15.2%
29Long-term investments
399.8
234.6
217.2
3.2
2.8
-
-
-
-
-
-
-
30Other non-current assets
2,193
1,768
1,243
1,194
1,109
1,222
1,148
829.7
1,232
1,478
1,617
(3)%
31Total Non-Current Assets
3,971
3,081
3,032
3,262
3,916
4,094
4,223
4,460
5,730
7,035
7,293
6.3%
Total Assets
7,316
6,867
6,865
7,121
7,516
7,109
7,414
8,251
10,365
12,124
13,321
6.2%
LIABILITIES
Current Liabilities
32Accounts payable
337.7
148.7
120.2
233.3
218.1
183.3
193.4
341.4
207.2
482.2
405.8
1.9%
33Short-term debt
38.1
28
13.1
5.6
28.6
55.5
16.7
9.2
106.6
249.7
216
19%
34Other current liabilities
585
723
517
606.6
1,072
608.5
516.8
687.4
992.4
1,346
1,632
10.8%
35Total Current Liabilities
960.8
899.7
650.3
845.5
1,318
847.4
726.9
1,038
1,306
2,077
2,254
8.9%
Non-Current Liabilities
36Long-term debt
251.3
187
380.5
461.2
566.7
426.7
381.9
224.9
517.8
469.1
282.6
1.2%
37Other non-current liabilities
555.7
567.8
735.1
602.3
534
313.9
345.4
1,152
1,854
1,600
1,247
8.4%
38Total Non-Current Liabilities
807
754.8
1,116
1,064
1,101
740.6
727.3
1,377
2,372
2,069
1,529
6.6%
39Total Liabilities
1,768
1,655
1,766
1,909
2,419
1,588
1,454
2,415
3,678
4,147
3,783
7.9%
SHAREHOLDERS` EQUITY
40Common stock
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.5%
41Retained earnings / (deficit)
2,790
2,463
2,297
2,442
2,327
2,716
3,185
3,140
3,971
5,263
6,791
9.3%
42Accumulated other comprehensive income / (loss)
15.5
(9.9)
2.3
(54.5)
(79.3)
(61.7)
(96.4)
(191.8)
(174.1)
(184.1)
(155.5)
-
43Noncontrolling interests
-
-
-
-
-
-
-
-
-
-
-
-
44Total shareholders' equity
5,549
5,213
5,099
5,212
5,097
5,521
5,960
5,836
6,688
7,978
9,538
5.6%
45Total Liabilities and shareholders' Equity
7,316
6,867
6,865
7,121
7,516
7,109
7,414
8,251
10,365
12,124
13,321
6.2%
46Total Debt
289.4
215
436.9
466.8
595.3
482.3
398.6
234.1
624.4
718.8
498.6
5.6%
47Net Debt
(837.4)
(1,132)
(1,832)
(936.8)
(757.4)
(744.7)
(1,052)
(1,247)
(1,323)
(902.6)
(2,305)
10.7%
CASH FLOW STATEMENT
CASH FLOWS FROM OPERATING ACTIVITIES
48Net income (loss)
593.4
(416.1)
(165.6)
144.3
(114.9)
398.4
468.7
(44.2)
830.8
1,292
1,528
9.9%
49Depreciation & amortization
257.8
230.9
115.3
130.7
205.5
232.9
259.9
269.7
308
423.5
529.2
7.5%
50Share-based compensation expense
44.9
28.7
35.1
34.2
37.4
29.3
20.9
28.7
34.2
28.1
19.2
(8.1)%
51Changes in working capital and other assets
(1,257)
363.2
1,356
(636)
46.2
(623.4)
(511.9)
619.2
(570.7)
(525.6)
(19.6)
(34.1)%
52Net cash flows from operating activities
(360.9)
206.8
1,341
(326.8)
174.2
37.1
237.6
873.4
602.3
1,218
2,057
-
CASH FLOWS FROM INVESTING ACTIVITIES
53Purchases of property, plant and equipment
(166.4)
(229.5)
(514.4)
(739.8)
(668.7)
(416.6)
(540.3)
(903.6)
(1,387)
(1,526)
(869.9)
18%
54Purchases of investments / marketable securities
(556.5)
(422.6)
(581)
(1,369)
(1,177)
(901.9)
(2,147)
(3,375)
(3,613)
(2,516)
(1,540)
10.7%
55Proceeds from maturities of marketable securities
353.4
525.5
466.3
1,136
1,487
1,193
2,295
2,647
4,564
2,492
1,654
16.7%
56Other investing activities
257.4
271.1
2.2
290.2
(2.9)
(5.5)
293.8
439.3
(37.1)
(13)
(8.4)
-
57Net cash flows from investing activities
(112.1)
144.5
(626.8)
(682.7)
(362.3)
(131.2)
(99)
(1,193)
(472.8)
(1,563)
(765.2)
21.2%
CASH FLOWS FROM FINANCING ACTIVITIES
58Issuance (repurchases) of common stock, net
(18.2)
(20.4)
(5.1)
(11.2)
(16.1)
(13.1)
(16)
(12.1)
(31.1)
(20.2)
-
-
59Dividends paid, net
-
-
-
-
-
-
-
-
-
-
-
-
60Debt issuance (repayments), net
151.2
(110.6)
234.4
272
90
(68.7)
56.5
321.5
368
52.6
(102.9)
-
61Other financing activities
4.1
(5.4)
(37.2)
(5.6)
1
(0.8)
-
-
-
(7.6)
(16.3)
-
62Net cash flows from financing activities
137.1
(136.4)
192
255.2
74.9
(82.6)
40.6
309.4
336.9
24.8
(119.2)
-
63Increase (decrease) in cash and cash equivalents
(355.2)
208.6
914.8
(767.9)
(116.1)
(172.9)
182.2
37.6
471.6
(326.8)
1,176
-
64Cash and equivalents, ending balance
1,127
1,416
2,331
1,563
1,447
1,274
1,456
1,494
1,965
1,638
2,814
9.6%
65Free Cash Flow to the Firm (FCFF)
Help
Free Cash Flow to the Firm = Cash Flows from Operating Activities - Capital Expenditures
(527.4)
(22.7)
826.3
(1,067)
(494.5)
(379.5)
(302.7)
(30.2)
(784.5)
(308.1)
1,187
-

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