First Solar (FSLR) stock price, revenue, and financials

First Solar market cap is $5.3 b, and annual revenue was $2.24 b in FY 2018

$5.3 B

FSLR Mkt cap, 27-Jan-2020

$546.8 M

First Solar Revenue Q3, 2019
First Solar Gross profit (Q3, 2019)138.4 M
First Solar Gross profit margin (Q3, 2019), %25.3%
First Solar Net income (Q3, 2019)30.6 M
First Solar EBIT (Q3, 2019)41.3 M
First Solar Cash, 30-Sept-2019879 M
First Solar EV5.1 B

First Solar Revenue

First Solar revenue was $2.24 b in FY, 2018

Embed Graph

First Solar Revenue Breakdown

Embed Graph

First Solar revenue breakdown by business segment: 50.3% from Components and 49.7% from Systems

First Solar Income Statement

Quarterly

USDQ1, 2010Q2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

568.0m587.9m797.9m567.3m532.8m1.0b497.1m957.3m839.1m755.2m519.8m1.3b950.2m544.4m889.3m469.2m896.2m1.3b848.5m934.4m688.0m891.8m623.3m1.1b567.3m309.3m676.2m532.0m585.0m546.8m

Cost of goods sold

285.9m303.7m476.0m307.6m338.0m626.6m420.3m713.6m600.4m585.9m379.7m901.6m713.4m451.6m700.0m430.2m731.7m786.9m585.5m743.2m501.7m807.6m512.4m795.2m394.5m317.4m547.1m531.9m507.8m408.4m

Gross profit

282.0m284.2m321.9m259.7m194.8m379.2m76.7m243.7m238.7m169.3m140.1m364.0m236.7m92.7m189.3m39.0m164.5m484.4m262.9m191.2m186.3m84.2m110.9m291.8m172.8m(8.1m)129.1m112.0k77.2m138.4m

Gross profit Margin, %

50%48%40%46%37%38%15%25%28%22%27%29%25%17%21%8%18%38%31%20%27%9%18%27%30%(3%)19%0%13%25%

R&D expense

22.9m22.8m21.5m31.4m33.1m38.2m36.1m32.4m32.4m29.9m31.0m35.0m38.8m32.7m37.6m34.8m29.5m29.6m30.2m32.9m32.2m22.8m21.3m20.9m20.3m20.4m22.4m21.9m24.4m24.9m

General and administrative expense

66.9m78.6m85.0m87.0m86.9m112.7m91.8m52.2m73.5m74.5m66.3m63.9m58.7m57.7m66.5m67.7m70.9m53.7m67.5m63.8m60.3m48.2m49.0m50.5m41.1m50.9m33.5m45.4m50.9m53.5m

Operating expense total

90.9m103.7m110.3m130.3m130.3m156.4m533.0m104.1m131.7m108.1m101.0m156.1m97.4m90.8m105.5m109.1m107.4m86.5m97.7m182.3m97.6m92.2m97.0m84.8m98.5m95.6m70.7m76.8m85.8m97.1m

EBIT

191.1m180.5m211.6m129.4m64.5m222.7m(456.3m)139.7m107.0m61.2m39.1m207.9m139.3m1.9m83.8m(70.1m)57.1m397.8m165.3m8.9m88.7m(8.0m)13.9m207.0m74.3m(103.6m)58.5m(76.6m)(8.6m)41.3m

EBIT margin, %

34%31%27%23%12%22%(92%)15%13%8%8%16%15%0%9%(15%)6%31%19%1%13%(1%)2%19%13%(34%)9%(14%)(1%)8%

Interest expense

6.0k920.0k7.4m2.9m750.0k875.0k

Interest income

5.6m3.0m2.7m3.0m3.4m3.2m2.9m3.4m3.4m4.9m3.4m4.2m4.3m4.5m4.3m5.1m6.1m5.3m6.4m6.5m5.9m6.4m7.6m8.4m11.8m16.9m16.5m14.3m13.5m11.5m

Investment income

(174.0k)1.9m(115.0k)5.0m10.2m10.5m(552.0k)2.0m4.0m(1.7m)40.1m(3.2m)(173.0k)(97.0k)65.0k

Pre tax profit

195.4m180.4m212.9m133.0m72.0m222.8m(456.5m)135.3m110.8m66.2m41.1m208.7m140.9m2.4m81.3m(68.1m)59.2m397.9m199.3m12.3m93.2m15.4m10.0m209.3m96.3m(94.7m)63.4m(68.8m)(6.7m)45.6m

Income tax expense

23.0m21.4m36.0m17.0m10.8m26.3m(7.1m)24.4m22.8m7.0m7.5m13.7m28.9m(2.2m)(7.1m)(6.0m)(33.3m)48.5m33.8m9.0m(50.5m)5.7m(40.0m)7.6m11.6m(6.2m)2.4m(1.4m)11.7m15.0m

Net Income

172.3m159.0m176.9m116.0m61.1m196.5m(449.4m)111.0m87.9m59.1m33.6m195.0m112.0m4.5m88.4m(62.3m)94.5m349.3m170.6m13.4m154.1m9.1m52.0m205.7m83.0m(48.5m)57.8m(67.6m)(18.5m)30.6m

First Solar Balance Sheet

Annual

usdY, 2008Y, 2010FY, 2010FY, 2011Y, 2011FY, 2012Y, 2012Y, 2013FY, 2013FY, 2014Y, 2014Y, 2015FY, 2015FY, 2016FY, 2017FY, 2018

Cash

765.7m765.7m765.7m605.6m605.6m901.3m901.3m1.3b1.3b1.5b1.5b1.1b1.1b1.3b2.3b1.4b

Accounts Receivable

305.5m310.6m553.6m136.4m135.4m500.6m39.0k211.8m128.3m

Prepaid Expenses

46.0m526.7m207.4m94.7m202.7m249.0m157.9m243.1m

Inventories

200.4m475.9m434.9m389.0m389.0m505.1m505.1m380.4m380.4m363.2m172.4m387.9m

Current Assets

1.6b2.6b2.8b3.8b3.8b3.2b3.2b3.3b3.3b3.8b3.8b3.9b

PP&E

1.4b1.8b1.5b1.4b1.4b1.4b1.4b1.3b1.3b629.1m1.2b1.8b

Goodwill

433.3m65.4m65.4m85.0m85.0m85.0m85.0m85.0m85.0m14.5m14.5m14.5m

Total Assets

4.4b5.8b6.3b6.9b6.9b6.7b6.7b7.3b7.3b6.9b6.9b7.1b

Accounts Payable

82.3m176.4m350.2m261.3m261.3m214.7m214.7m337.7m337.7m148.7m120.2m233.3m

Short-term debt

127.2m46.4m63.0m60.5m60.5m51.9m51.9m38.1m38.1m28.0m13.1m5.6m

Current Liabilities

469.7m973.7m1.1b1.6b1.6b1.0b1.0b960.8m960.8m899.7m650.3m845.5m

Long-term debt

210.8m619.1m500.2m162.8m162.8m165.0m165.0m251.3m251.3m160.4m380.5m461.2m

Total Debt

338.0m665.5m563.3m223.3m223.3m216.9m216.9m289.4m289.4m188.4m393.5m466.8m

Total Liabilities

925.5m2.1b2.7b2.4b1.7b1.8b1.7b1.8b1.9b

Common Stock

86.0k86.0k87.0k100.0k100.0k102.0k104.0k105.0k

Additional Paid-in Capital

1.8b2.0b2.1b2.6b2.6b2.7b2.7b2.7b2.7b2.8b2.8b2.8b

Retained Earnings

1.7b1.6b1.5b1.9b2.3b2.8b2.3b2.4b

Total Equity

3.5b3.6b3.6b4.5b4.5b5.0b5.0b5.5b5.5b5.2b5.1b5.2b

Debt to Equity Ratio

0 x0 x0 x0.1 x0.1 x0 x0.1 x0.1 x

Debt to Assets Ratio

0 x0 x0 x0 x0 x0 x0.1 x0.1 x

Financial Leverage

1.3 x1.6 x1.8 x1.5 x1.5 x1.3 x1.3 x1.3 x1.3 x1.3 x1.3 x1.4 x

Quarterly

USDQ1, 2010Q2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

420.9m510.5m621.2m355.7m357.5m678.6m610.5m630.2m614.7m842.8m928.7m1.2b975.2m851.3m622.5m779.9m1.1b1.2b1.1b916.7m1.4b1.7b1.5b2.0b1.9b2.0b1.4b1.0b1.2b879.0m

Accounts Receivable

269.2m256.3m316.2m362.7m542.0m482.0m315.9m143.7m467.6m279.1m192.6m147.7m233.8m237.9m282.8m254.2m276.8m328.9m349.5m369.1m323.0m151.2m261.0m344.6m273.3m125.4m141.7m301.7m269.5m367.3m

Prepaid Expenses

200.5m31.7m42.6m56.3m260.5m352.0m189.6m136.9m216.2m106.5m117.2m87.3m102.8m134.5m132.3m263.3m262.7m210.4m226.7m277.0m264.8m177.4m172.7m142.4m197.2m157.6m195.6m277.2m305.6m319.4m

Inventories

172.1m194.3m184.0m271.2m323.0m432.9m582.6m580.7m537.6m388.5m334.3m311.7m387.1m385.2m445.2m496.6m482.0m379.2m443.8m384.5m369.1m432.6m344.5m217.6m174.1m234.2m296.0m459.5m586.6m576.8m

Current Assets

1.4b1.6b1.6b1.4b1.8b2.4b2.9b2.5b2.7b3.1b3.6b3.6b3.0b3.2b3.3b3.1b3.2b3.3b3.3b3.1b3.5b3.3b3.4b4.0b3.8b4.0b3.9b3.7b3.4b3.0b

PP&E

1.0b1.1b1.2b1.5b1.7b1.8b1.5b1.6b1.5b1.6b1.6b1.4b1.4b1.4b1.4b1.4b1.4b1.3b1.3b1.3b1.3b691.8m784.9m940.1m1.3b1.5b1.7b1.9b2.0b2.1b

Goodwill

286.5m286.5m433.3m458.8m458.8m458.8m65.4m65.4m65.4m68.8m74.9m85.0m85.0m85.0m85.0m85.0m85.0m85.0m85.0m78.9m78.9m14.5m14.5m14.5m14.5m14.5m14.5m14.5m14.5m14.5m

Total Assets

3.5b3.6b4.2b4.4b4.9b5.7b5.8b5.5b6.0b6.3b6.9b6.9b6.4b6.6b6.4b6.7b6.8b7.1b7.6b7.5b8.1b6.6b6.7b7.1b6.8b7.0b7.1b7.3b7.1b7.1b

Accounts Payable

76.0m68.3m71.1m99.4m189.9m170.9m218.2m194.6m235.7m209.0m217.6m184.8m186.3m187.5m220.0m202.8m273.3m303.6m275.0m263.1m201.8m143.5m118.1m130.7m136.9m161.1m154.6m221.7m242.5m218.1m

Short-term debt

26.4m24.5m26.6m28.2m28.3m25.6m58.2m47.8m61.4m36.4m29.9m60.3m60.7m60.8m54.6m42.1m41.9m38.7m94.1m71.6m626.0m11.5m13.6m13.5m6.1m7.7m2.6m12.4m28.3m28.2m

Current Liabilities

322.5m325.2m457.8m469.9m591.9m747.0m1.2b962.3m1.1b1.5b1.9b1.6b997.9m1.2b918.7m984.9m914.1m896.3m1.1b952.0m1.4b527.1m503.8m579.0m553.7m815.4m868.2m836.5m843.3m760.8m

Long-term debt

136.1m114.2m223.8m103.5m332.5m582.7m806.1m471.1m468.3m501.1m194.6m168.9m138.2m133.8m163.6m200.4m257.8m246.8m205.3m161.8m161.1m265.8m307.5m330.2m431.8m448.6m463.5m690.9m584.8m594.3m

Total Debt

162.5m138.6m250.4m131.7m360.8m608.3m864.3m518.9m529.7m537.5m224.4m229.2m198.9m194.7m218.3m242.5m299.7m285.5m299.3m233.4m787.2m277.4m321.0m343.7m437.9m456.3m466.1m703.3m613.1m622.6m

Total Liabilities

626.7m619.1m900.4m868.1m1.3b1.7b2.6b2.1b2.5b2.6b2.7b2.4b1.7b1.9b1.6b1.7b1.8b1.7b1.8b1.7b2.1b1.4b1.4b1.5b1.7b1.9b1.9b2.1b2.0b1.9b

Common Stock

85.0k86.0k86.0k86.0k86.0k86.0k87.0k87.0k87.0k88.0k98.0k99.0k100.0k100.0k100.0k101.0k101.0k101.0k102.0k102.0k104.0k104.0k104.0k104.0k105.0k105.0k105.0k105.0k105.0k105.0k

Additional Paid-in Capital

1.7b1.7b1.8b1.8b1.9b2.0b2.0b2.1b2.1b2.1b2.6b2.6b2.6b2.7b2.7b2.7b2.7b2.7b2.8b2.8b2.8b2.8b2.8b2.8b2.8b2.8b2.8b2.8b2.8b2.8b

Retained Earnings

1.2b1.3b1.5b1.8b1.8b2.0b1.2b1.3b1.4b1.6b1.6b1.8b2.0b2.0b2.1b2.2b2.3b2.6b3.0b3.0b3.1b2.5b2.5b2.7b2.4b2.3b2.4b2.4b2.4b2.4b

Total Equity

2.8b3.0b3.3b3.6b3.7b4.0b3.2b3.4b3.5b3.7b4.2b4.4b4.6b4.7b4.8b5.0b5.0b5.4b5.7b5.8b5.9b5.2b5.3b5.5b5.2b5.1b5.2b5.1b5.1b5.2b

Debt to Equity Ratio

0.1 x0 x0 x0 x

Debt to Assets Ratio

0 x0 x0 x0 x

Financial Leverage

1.2 x1.2 x1.3 x1.2 x1.3 x1.4 x1.8 x1.6 x1.7 x1.7 x1.7 x1.6 x1.4 x1.4 x1.3 x1.3 x1.3 x1.3 x1.3 x1.3 x1.4 x1.3 x1.3 x1.3 x1.3 x1.4 x1.4 x1.4 x1.4 x1.4 x

First Solar Cash Flow

Quarterly

USDQ1, 2010Q2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

331.4m508.3m116.0m61.1m373.6m(449.4m)(338.4m)(250.5m)59.1m287.8m112.0m116.5m205.0m(62.3m)32.2m382.3m170.6m184.0m338.1m9.1m61.1m266.8m83.0m34.5m92.2m(67.6m)(86.1m)(55.5m)

Depreciation and Amortization

77.7m112.9m48.3m166.5m73.2m138.2m202.1m58.3m173.0m60.7m123.3m183.1m63.3m129.2m193.9m58.4m115.1m172.2m33.0m60.9m89.6m24.4m54.8m89.2m48.9m98.8m150.0m

Accounts Receivable

(54.2m)(97.2m)(48.3m)(196.0m)(26.9m)114.6m(252.6m)286.4m367.8m(108.2m)(145.5m)(159.8m)(125.1m)(135.1m)(351.3m)117.3m8.3m(22.8m)252.2m(135.2m)(328.6m)(37.6m)81.7m(178.7m)(82.9m)188.3m51.8m

Inventories

(49.9m)(46.1m)(57.3m)

Accounts Payable

36.5m222.7m16.3m80.8m14.0m28.0m70.4m(149.7m)(154.3m)(69.2m)(72.4m)(38.8m)3.6m70.9m108.7m(59.9m)(74.6m)(143.7m)(3.0m)(37.9m)(21.2m)1.9m22.6m28.6m(15.1m)5.5m(532.0k)

Cash From Operating Activities

31.3m107.6m355.7m(43.8m)(44.2m)(16.1m)412.3m434.7m66.5m663.9m(318.2m)(199.8m)(247.0m)(417.9m)(435.0m)(414.0m)50.5m(24.8m)(100.6m)493.1m325.3m906.7m(45.3m)83.9m(141.3m)(303.4m)(289.9m)(607.5m)

Purchases of PP&E

(106.0m)(239.5m)(377.1m)(169.0m)(613.9m)(124.5m)(282.0m)(339.2m)(71.7m)(226.4m)(50.8m)(113.2m)(184.2m)(55.3m)(94.1m)(139.3m)(51.8m)(130.1m)(175.9m)(113.0m)(217.5m)(315.1m)(177.7m)(372.6m)(610.6m)(149.2m)(327.8m)(510.6m)

Cash From Investing Activities

(262.4m)(223.7m)(584.3m)(263.4m)(502.2m)(182.3m)(301.3m)(344.3m)(141.6m)(493.7m)(20.4m)(249.8m)(448.8m)(290.6m)(102.8m)(2.4m)(110.6m)(149.1m)(119.6m)(293.2m)(326.4m)(404.0m)(374.7m)(372.8m)(795.7m)(139.8m)(17.9m)(54.6m)

Short-term Borrowings

(575.0m)(780.0m)

Long-term Borrowings

(714.0k)(14.0m)(14.4m)(113.9m)(327.8m)(13.1m)(160.3m)(173.2m)(330.2m)(664.4m)(25.1m)(30.8m)(54.8m)(21.1m)(25.6m)(42.3m)(15.4m)(86.2m)(22.0m)(23.0m)(23.7m)(11.3m)(18.1m)(18.9m)(2.7m)(10.6m)(10.6m)

Cash From Financing Activities

2.0m(10.3m)194.7m(111.3m)458.3m195.8m(85.9m)(84.2m)21.4m118.9m(13.9m)(26.7m)3.6m20.6m143.6m142.5m13.2m(41.5m)500.8m102.2m136.9m151.6m42.2m70.0m143.2m87.8m80.7m81.7m

Net Change in Cash

(243.6m)(154.0m)(43.3m)(410.0m)(87.1m)4.9m24.6m9.1m(58.5m)291.4m(349.9m)(473.7m)(702.5m)(702.1m)(406.9m)(292.4m)(40.5m)(210.2m)287.4m138.9m663.8m(382.9m)(232.1m)(806.3m)(356.0m)(229.1m)(587.1m)

Interest Paid

(74.0k)2.6m3.1m3.0m7.8m6.8m18.0m17.0m3.7m

Income Taxes Paid

(18.9m)31.7m57.9m18.5m44.1m2.5m(25.6m)(22.4m)5.7m

First Solar Ratios

USDY, 2019

EV/EBIT

122.6 x

EV/CFO

-8.3 x

Financial Leverage

1.4 x

First Solar Employee Rating

3.5338 votes
Culture & Values
3.5
Work/Life Balance
3.5
Senior Management
3.2
Salary & Benefits
3.7
Career Opportunities
3.4
Source