First Solar, Inc.
First Solar, Inc. provides photovoltaic (PV) solar energy solutions in the United State, Japan, France, Canada, India, Australia, and internationally. The company designs, manufactures, and sells cadmium telluride solar modules that converts sunlight int…
Solar
US, Tempe [HQ]
FSLR/Financial Reporting
Income Statements
15 Sheets · Starting from 2023In Million USD. Margins, Growth Rates In %
| Metric | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,066.00 | 2,563.00 | 2,766.00 | 3,368.00 | 3,308.00 | 3,391.00 | 3,578.00 | 2,951.00 | 2,941.00 | 2,244.00 | 3,063.00 | 2,711.00 | 2,923.00 | 2,619.00 | 3,318.00 | |
|
EPS
|
7.67 | 7.82 | -0.46 | -1.11 | 3.77 | 3.97 | 5.42 | -3.48 | -1.59 | 1.38 | -1.09 | 3.76 | 4.41 | -0.41 | 7.78 | |
| Diluted in mil. | 7.53 | 7.68 | -0.46 | -1.11 | 3.70 | 3.91 | 5.37 | -3.48 | -1.59 | 1.36 | -1.09 | 3.73 | 4.38 | -0.41 | 7.74 | |
|
Profit
|
1,044.00 | 1,184.00 | 971.00 | 852.00 | 862.00 | 827.00 | 919.00 | 703.00 | 548.00 | 392.00 | 549.00 | 680.00 | 729.00 | 69.00 | 1,300.00 | |
| Gross Margin | 50.56 | 46.22 | 35.13 | 25.32 | 26.07 | 24.39 | 25.69 | 23.85 | 18.66 | 17.48 | 17.93 | 25.10 | 24.97 | 2.67 | 39.19 | |
| Pre Tax | 686.00 | 762.00 | -53.00 | -39.00 | 378.00 | 431.00 | 519.00 | -471.00 | 202.00 | 113.00 | -120.00 | 293.00 | 572.00 | 8.00 | 891.00 | |
| Profit Margin | 33.22 | 29.73 | -1.94 | -1.18 | 11.43 | 12.74 | 14.52 | -15.98 | 6.87 | 5.04 | -3.92 | 10.81 | 19.57 | 0.33 | 26.86 | |
| ETR | 6.73 | 12.84 | 26.47 | -142.03 | 6.66 | 6.97 | -1.18 | -12.34 | 184.05 | 3.04 | 4.56 | -36.60 | 18.08 | 613.68 | 6.79 | |
| Net | 640.00 | 664.00 | -39.00 | -96.00 | 353.00 | 396.00 | 546.00 | -357.00 | -165.00 | 144.00 | -114.00 | 398.00 | 468.00 | -44.00 | 830.00 | |
| Profit Margin | 30.98 | 25.91 | -1.43 | -2.86 | 10.67 | 11.70 | 15.27 | -12.13 | -5.63 | 6.43 | -3.74 | 14.69 | 16.03 | -1.69 | 25.03 | |
| EBITDA | 689.00 | 763.00 | 398.00 | 445.00 | 467.00 | 427.00 | 533.00 | 381.00 | 274.00 | 139.00 | 267.00 | 328.00 | 445.00 | 53.00 | 1,262.00 | |
| EBITDA Margin | 33.36 | 29.77 | 14.40 | 13.22 | 14.12 | 12.59 | 14.91 | 12.93 | 9.34 | 6.22 | 8.74 | 12.10 | 15.25 | 2.04 | 38.04 | |
| Operating Income | 679.00 | 748.00 | -68.00 | -37.00 | 368.00 | 424.00 | 516.00 | -502.00 | 177.00 | 40.00 | 62.00 | 95.00 | 186.00 | -216.00 | 857.00 | |
| Operating Margin | 32.89 | 29.21 | -2.48 | -1.12 | 11.14 | 12.51 | 14.44 | -17.03 | 6.05 | 1.79 | 2.03 | 3.51 | 6.36 | -8.26 | 25.83 | |
| Interest Income | 9.00 | 14.00 | 13.00 | 12.00 | 16.00 | 16.00 | 22.00 | 25.00 | 35.00 | 59.00 | 48.00 | 16.00 | 6.00 | 33.00 | 97.00 | |
| Loss | -1,386.00 | -1,814.00 | -2,381.00 | -2,937.00 | -2,853.00 | -2,967.00 | -3,062.00 | -2,635.00 | -2,726.00 | -2,203.00 | -2,861.00 | -2,387.00 | -2,483.00 | -2,900.00 | -2,432.00 | |
| Cost of Revenue | -1,021.00 | -1,378.00 | -1,794.00 | -2,515.00 | -2,446.00 | -2,564.00 | -2,659.00 | -2,247.00 | -2,392.00 | -1,851.00 | -2,513.00 | -2,030.00 | -2,193.00 | -2,549.00 | -2,017.00 | |
|
Operating Expenses
|
-364.00 | -435.00 | -586.00 | -421.00 | -407.00 | -402.00 | -402.00 | -387.00 | -333.00 | -352.00 | -347.00 | -357.00 | -290.00 | -350.00 | -414.00 | |
| R&D | -78.00 | -94.00 | -140.00 | -132.00 | -134.00 | -143.00 | -130.00 | -124.00 | -88.00 | -84.00 | -96.00 | -93.00 | -99.00 | -112.00 | -152.00 | |
| G&A | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | |
| SG&A | -272.00 | -341.00 | -446.00 | -280.00 | -270.00 | -253.00 | -255.00 | -261.00 | -202.00 | -176.00 | -205.00 | -222.00 | -170.00 | -164.00 | -197.00 | |
| S&M | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | |
| Depreciation and Amortization | -129.00 | -156.00 | -235.00 | -262.00 | -234.00 | -245.00 | -257.00 | -230.00 | -115.00 | -130.00 | -205.00 | -232.00 | -259.00 | -269.00 | -307.00 | |
| Interest Expenses | -5.00 | - - | - - | -13.00 | -1.00 | -16.00 | -6.00 | -20.00 | -25.00 | -25.00 | -27.00 | -24.00 | -13.00 | -12.00 | -12.00 | |
| Other Expenses | -2.00 | -1.00 | -452.00 | -470.00 | -92.00 | -8.00 | -12.00 | -792.00 | -22.00 | -39.00 | -182.00 | -197.00 | -386.00 | -224.00 | -79.00 | |
|
WA Shares Outstanding
|
83.00 | 84.00 | 86.00 | 86.00 | 93.00 | 100.00 | 100.00 | 102.00 | 104.00 | 104.00 | 105.00 | 105.00 | 106.00 | 106.00 | 106.00 | |
| Diluted | 85.00 | 86.00 | 86.00 | 86.00 | 95.00 | 101.00 | 101.00 | 102.00 | 104.00 | 106.00 | 105.00 | 106.00 | 106.00 | 106.00 | 107.00 |