First Solar, Inc. (FSLR)

First Solar Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	1,621	1,947	1,481	1,451	1,227
Short-Term Investments	171.58	155.5	1,097	375.39	520.07
Cash & Short-Term Investments	1,793	2,102	2,578	1,826	1,747
Cash Growth	-14.72%	-18.44%	41.18%	4.52%	-19.28%
Accounts Receivable	1,261	660.78	324.34	454.71	292.46
Other Receivables	525.89	725.05	5.27	-	-
Receivables	1,787	1,386	329.61	454.71	292.46
Inventory	1,299	968.12	735.8	778.37	666.44
Prepaid Expenses	75.25	62.48	43.26	28.23	26
Restricted Cash	8.26	8.26	3.18	1.53	1.75
Other Current Assets	127.05	107.64	101.59	102.36	280.82
Total Current Assets	5,089	4,635	3,791	3,191	3,015
Property, Plant & Equipment	5,557	4,499	3,630	3,074	2,872
Goodwill	28.34	29.69	14.46	14.46	14.46
Other Intangible Assets	54.65	64.51	31.11	45.51	56.14
Long-Term Accounts Receivable	94.37	-	-	42.13	22.72
Long-Term Deferred Tax Assets	208.81	142.82	78.68	59.16	104.1
Other Long-Term Assets	1,092	994.55	705.47	986.81	1,025
Total Assets	12,124	10,365	8,251	7,414	7,109
Accounts Payable	482.19	207.18	341.41	193.37	183.35
Accrued Expenses	310.27	308.68	223.35	192.11	170.31
Short-Term Debt	145.6	60.83	-	-	-
Current Portion of Long-Term Debt	90.82	35.41	-	3.9	41.54
Current Portion of Leases	13.28	10.36	9.19	12.78	14.01
Current Income Taxes Payable	77.36	22.13	29.4	4.54	14.57
Current Unearned Revenue	712	413.58	263.22	201.87	188.81
Other Current Liabilities	245.92	248	171.49	118.31	234.81
Total Current Liabilities	2,077	1,306	1,038	726.88	847.4
Long-Term Debt	373.35	464.07	184.35	236.01	237.69
Long-Term Leases	95.74	53.73	40.59	145.91	189.03
Long-Term Unearned Revenue	1,328	1,592	944.73	95.94	44.92
Long-Term Deferred Tax Liabilities	54.7	42.77	28.93	27.7	23.67
Other Long-Term Liabilities	217.72	219.34	178.53	221.76	245.29
Total Liabilities	4,147	3,678	2,415	1,454	1,588
Common Stock	0.11	0.11	0.11	0.11	0.11
Additional Paid-In Capital	2,898	2,890	2,887	2,871	2,867
Retained Earnings	5,263	3,971	3,140	3,184	2,716
Comprehensive Income & Other	-184.06	-174.13	-191.82	-96.36	-61.73
Shareholders' Equity	7,978	6,687	5,836	5,960	5,521
Total Liabilities & Equity	12,124	10,365	8,251	7,414	7,109
Total Debt	718.8	624.39	234.13	398.59	482.27
Net Cash (Debt)	1,074	1,478	2,344	1,427	1,265
Net Cash Growth	-27.33%	-36.94%	64.20%	12.86%	-18.99%
Net Cash Per Share	9.99	13.77	22.00	13.35	11.86
Filing Date Shares Outstanding	107.06	106.85	106.61	106.33	105.99
Total Common Shares Outstanding	107.06	106.85	106.61	106.33	105.98
Working Capital	3,012	3,329	2,753	2,464	2,167
Book Value Per Share	74.51	62.59	54.74	56.05	52.09
Tangible Book Value	7,895	6,593	5,790	5,900	5,450
Tangible Book Value Per Share	73.74	61.71	54.32	55.48	51.43
Land	38.88	35.36	35.26	18.36	14.5
Buildings	1,585	1,037	893.05	693.29	693.76
Machinery	4,982	3,755	2,909	2,949	2,626
Construction In Progress	858.54	1,224	1,122	461.71	419.77
Leasehold Improvements	40.3	40.08	40.16	40.52	41.46

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

SEC Filings: 10-K · 10-Q