First Solar Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	2,804	1,621	1,947	1,481	1,451
Short-Term Investments	51.85	171.58	155.5	1,097	375.39
Cash & Short-Term Investments	2,855	1,793	2,102	2,578	1,826
Cash Growth	59.25%	-14.72%	-18.44%	41.18%	4.52%
Accounts Receivable	1,294	1,261	660.78	324.34	454.71
Other Receivables	623.64	525.89	725.05	5.27	-
Receivables	1,918	1,787	1,386	329.61	454.71
Inventory	1,016	1,299	968.12	735.8	778.37
Prepaid Expenses	99.28	75.25	62.48	43.26	28.23
Restricted Cash	-	8.26	8.26	3.18	1.53
Other Current Assets	141.01	127.05	107.64	101.59	102.36
Total Current Assets	6,029	5,089	4,635	3,791	3,191
Property, Plant & Equipment	5,872	5,557	4,499	3,630	3,074
Goodwill	31.1	28.34	29.69	14.46	14.46
Other Intangible Assets	51.01	54.65	64.51	31.11	45.51
Long-Term Accounts Receivable	16	94.37	-	-	42.13
Long-Term Deferred Tax Assets	194.67	208.81	142.82	78.68	59.16
Other Long-Term Assets	1,128	1,092	994.55	705.47	986.81
Total Assets	13,321	12,124	10,365	8,251	7,414
Accounts Payable	405.78	482.19	207.18	341.41	193.37
Accrued Expenses	351.12	310.27	308.68	223.35	192.11
Short-Term Debt	125.14	145.6	60.83	-	-
Current Portion of Long-Term Debt	90.84	90.82	35.41	-	3.9
Current Portion of Leases	18.09	13.28	10.36	9.19	12.78
Current Income Taxes Payable	7.49	77.36	22.13	29.4	4.54
Current Unearned Revenue	1,014	712	413.58	263.22	201.87
Other Current Liabilities	241.26	245.92	248	171.49	118.31
Total Current Liabilities	2,254	2,077	1,306	1,038	726.88
Long-Term Debt	282.59	373.35	464.07	184.35	236.01
Long-Term Leases	138.67	95.74	53.73	40.59	145.91
Long-Term Unearned Revenue	805.02	1,328	1,592	944.73	95.94
Long-Term Deferred Tax Liabilities	69.69	54.7	42.77	28.93	27.7
Other Long-Term Liabilities	233.24	217.72	219.34	178.53	221.76
Total Liabilities	3,783	4,147	3,678	2,415	1,454
Common Stock	0.11	0.11	0.11	0.11	0.11
Additional Paid-In Capital	2,902	2,898	2,890	2,887	2,871
Retained Earnings	6,791	5,263	3,971	3,140	3,184
Comprehensive Income & Other	-155.47	-184.06	-174.13	-191.82	-96.36
Shareholders' Equity	9,538	7,978	6,687	5,836	5,960
Total Liabilities & Equity	13,321	12,124	10,365	8,251	7,414
Total Debt	655.34	718.8	624.39	234.13	398.59
Net Cash (Debt)	2,200	1,074	1,478	2,344	1,427
Net Cash Growth	104.81%	-27.33%	-36.94%	64.20%	12.86%
Net Cash Per Share	20.46	9.99	13.77	22.00	13.35
Filing Date Shares Outstanding	107.31	107.06	106.85	106.61	106.33
Total Common Shares Outstanding	107.31	107.06	106.85	106.61	106.33
Working Capital	3,775	3,012	3,329	2,753	2,464
Book Value Per Share	88.88	74.51	62.59	54.74	56.05
Tangible Book Value	9,456	7,895	6,593	5,790	5,900
Tangible Book Value Per Share	88.12	73.74	61.71	54.32	55.48
Land	39.58	38.88	35.36	35.26	18.36
Buildings	1,929	1,585	1,037	893.05	693.29
Machinery	5,909	4,982	3,755	2,909	2,949
Construction In Progress	321.52	858.54	1,224	1,122	461.71
Leasehold Improvements	34.14	40.3	40.08	40.16	40.52

Source: S&P Global Market Intelligence. Standard template. Financial Sources.