21/08/2014 12:03:21 Free Membership Login

   

First Solar, Inc.

  All amounts in Millions of US Dollars except per share items
Select start date for annual reports
BALANCE SHEET (at a glance)
2009/122010/122011/122012/122013/12
INDICATORS
year end date2009/122010/122011/122012/122013/12
date preliminary data loaded2010-02-222011-02-252012-02-292013-02-272014-04-23
earnings period indicatorFFFFA
quarterly indicator44444
basic earnings indicatorYYYYY
template indicator
preliminary full context indNNNNN
projected fiscal year date0000-00-000000-00-000000-00-000000-00-002014-12-31
number of months last report period121212123
INCOME STATEMENT
operating revenue2,066.22,563.52,766.23,368.53,309.0
total revenue2,066.22,563.52,766.23,368.53,309.0
adjustments to revenue0.00.00.00.00.0
cost of sales892.01,222.61,559.22,253.12,446.2
cost of sales with depreciation1,021.61,378.71,794.52,515.82,446.2
gross margin1,174.21,340.91,207.01,115.5862.8
gross operating profit1,174.21,340.91,207.01,115.5862.8
Research & Development (R&D) Expense78.294.8140.5132.5134.3
Selling, General & Administrative (SG&A) Expense286.8341.1446.2288.8273.0
advertising0.00.00.00.00.0
operating income679.6748.9-68.7-37.6368.5
EBITDA809.2905.0620.3694.3614.5
depreciation129.6156.1235.2262.70.0
depreciation (unrecognized)0.00.00.00.0-234.4
amortization0.00.00.00.0234.4
amortization of intangibles0.00.00.00.00.0
operating profit after depreciation679.6748.9385.1431.5614.5
interest income9.714.413.412.816.8
earnings from equity interest0.00.00.00.00.0
other income net2.2-1.21.7-1.2-5.2
income, acquired in process r&a0.00.00.00.00.0
Income, Restructuring and M&A0.00.0-60.4-469.10.0
other special charges0.00.0-393.40.00.0
special income charges0.00.0-453.7-469.1-86.9
EBIT691.6762.1-53.6-25.9380.1
interest expense5.30.00.113.91.9
pre-tax income 686.3762.1-53.7-39.8378.2
income taxes46.297.9-14.256.56.7
minority interest0.00.00.00.00.0
pref. securities of subsid. trust0.00.00.00.00.0
income before income taxes686.3762.1-53.7-39.8378.2
net income (continuing operations)640.1664.2-39.5-96.3353.0
net income (discontinued operations)0.00.00.00.00.0
net income (total operations)640.1664.2-39.5-96.3353.0
extraordinary income/losses0.00.00.00.00.0
income from cum. effect of acct. change0.00.00.00.00.0
income from tax loss carryforward0.00.00.00.00.0
other gains/losses0.00.00.00.00.0
total net income640.1664.2-39.5-96.3353.0
normalized income640.1664.2414.2372.8434.1
net income available for common640.1664.2-39.5-96.3353.0
preferred dividends0.00.00.00.00.0
excise taxes0.00.00.00.00.0
*
Basic EPS (Continuing)7.677.82-0.46-1.113.77
Basic EPS (Discontinued)0.000.000.000.000.00
Basic EPS from Total Operations7.677.82-0.46-1.113.77
Basic EPS (Extraordinary Items)0.000.000.000.000.00
Basic EPS (Cum. Effect of Acct. Change)0.000.000.000.000.00
Basic EPS (Tax Loss Carry Forward)0.000.000.000.000.00
Basic EPS (Other Gains/Losses)0.000.000.000.000.00
Basic EPS - Total7.677.82-0.46-1.113.77
Basic EPS - Normalized7.677.824.824.294.63
*
Diluted EPS (Continuing)7.537.68-0.46-1.113.70
Diluted EPS (Discontinued)0.000.000.000.000.00
Diluted EPS from Total Operations7.537.68-0.46-1.113.70
Diluted EPS (Extraordinary)0.000.000.000.000.00
Diluted EPS (Cum. Effect of Acct. Change)0.000.000.000.000.00
Diluted EPS (Tax Loss Carry Forward)0.000.000.000.000.00
Diluted EPS (Other Gains/Losses)0.000.000.000.000.00
Diluted EPS - Total7.537.68-0.46-1.113.70
Diluted EPS - Normalized7.537.684.824.294.55
Dividends Paid Per Share (DPS)0.000.000.000.000.00
INCOME STATEMENT (YEAR-TO-DATE)
Revenue (YTD)2,066.22,563.52,766.23,368.50.0
Net Income from Total Operations (YTD)640.1664.2-39.5-96.30.0
EPS from Total Operations (YTD)7.537.68-0.46-1.110.00
Dividends Paid Per Share (YTD)0.000.000.000.000.00
BALANCE SHEET
ASSETS
cash & equivalents664.5765.7605.6901.31,325.1
restricted cash0.00.00.00.00.0
marketable securities120.2167.966.1102.61,764.2
accounts receivable226.8307.0844.0553.6657.7
loans receivable0.00.00.017.70.0
other receivable0.00.00.0401.00.0
receivables226.8307.0844.0972.3657.7
inventories, raw materials0.00.00.00.00.0
inventories, work in progress0.00.00.00.00.0
inventories, purchased components0.00.00.00.00.0
inventories, finished goods0.00.00.00.00.0
inventories, other152.8200.4475.9434.90.0
inventories, adjustments & allowances0.00.00.00.00.0
inventories152.8200.4475.9434.9389.0
prepaid expenses164.1143.0526.7207.424.6
current defered income taxes21.70.441.144.10.0
other current assets1.10.053.8169.8893.5
total current assets1,351.31,584.52,613.32,832.33,792.8
land and improvements5.010.48.122.310.7
building and improvements255.0312.0442.1495.5360.5
machinery, furniture & equipment852.11,068.11,564.21,760.01,570.3
construction in progress102.5403.7419.451.1133.2
other fixed assets0.00.00.00.01,385.1
total fixed assets1,214.61,794.12,433.72,328.91,385.1
gross fixed assets1,214.61,794.12,433.72,328.91,385.1
accumulated depreciation225.8363.3617.8803.5-940.7
net fixed assets988.81,430.81,816.01,525.41,385.1
intangibles0.00.00.00.0117.4
cost in excess286.5433.365.465.485.0
non-current deferred income taxes130.5259.2340.3317.5296.6
other non-current assets592.4672.6942.71,608.1158.1
total non-current assets1,998.22,795.93,164.43,516.43,090.7
total assets3,349.54,380.45,777.66,348.76,883.5
inventory valuation method2222FI
EQUITY & LIABILITIES
accounts payable75.782.3176.4350.2261.3
notes payable0.00.00.00.00.0
short-term debt28.626.644.562.30.0
accrued expenses0.00.00.00.0451.0
accrued liabilities186.7244.3406.7554.40.0
deferred revenues0.00.00.02.11.2
current deferred income taxes0.00.00.00.00.0
other current liabilities103.9116.5346.1132.30.1
total current liabilities394.9469.7973.71,101.41,588.1
long-term debt146.4210.8619.1500.2162.8
capital lease obligations0.00.00.00.00.0
deferred income taxes0.00.00.00.0-20.9
other non-current liabilities155.4245.0540.91,141.6404.4
minority interest liability0.00.00.00.02,380.4
preferred secur. of subsid. trust0.00.00.00.00.0
preferred equity outside stock equity0.00.00.00.00.0
total non-current liabilities301.8455.81,160.01,641.8792.3
total liabilities696.7925.52,133.82,743.22,380.4
preferred stock equity0.00.00.00.00.0
common stock equity2,652.83,454.93,643.93,605.54,503.1
common par0.10.10.10.10.0
additional paid-in capital1,658.11,815.42,022.72,065.52,646.0
cumulative translation adjustments0.00.00.00.00.0
retained earnings1,001.41,665.61,626.11,529.71,882.8
treasury stock0.00.00.00.00.0
other equity adjustments-6.8-26.1-5.010.20.0
total capitalization2,799.23,665.74,263.04,105.74,665.9
total equity2,652.83,454.93,643.93,605.54,503.1
total liabilities & stock equity3,349.54,380.45,777.66,348.76,883.5
*
cash flow769.8820.3195.7166.40.0
working capital956.31,114.81,639.51,731.02,204.7
free cash flow395.6-151.3-786.4380.5573.6
invested capital2,799.23,665.74,263.04,105.74,726.4
*
shares out (common class only)85.285.886.587.199.5
preferred shares0.00.00.00.00.0
total ordinary shares0.00.00.00.099.5
total common shares out85.285.886.587.199.5
treasury shares0.00.00.00.00.0
basic weighted shares83.584.986.186.90.0
diluted weighted shares85.086.586.186.90.0
number of employees47006100700056004850
number of part-time employees
CASH-FLOW STATEMENT
OPERATING ACTIVITIES
net income/loss640.1664.2-39.5-96.3353.0
depreciation129.6156.1235.2262.70.0
amortization0.00.00.00.0234.4
amortization of intangibles0.00.00.00.00.0
deferred income taxes-35.0-58.0-155.514.6-20.9
operating gains1.0-3.9-4.6-0.00.0
extraordinary gains0.00.00.00.00.0
(increase) decrease in receivables-122.2-91.8-529.8-388.0565.0
(increase) decrease in inventories-52.1-69.7-348.2-75.615.4
(increase) decrease in prepaid expenses7.5-41.4-141.0-28.9109.1
(increase) decrease in other current assets0.00.00.00.00.0
decrease (increase) in payables76.3167.694.7174.3-57.0
decrease (increase) in other current liabilities0.00.0742.3614.3-128.3
decrease (increase) in other working capital-53.8-56.9-354.8-92.4-317.7
other non-cash items83.739.4467.6377.665.6
net cash from continuing operations675.2705.5-33.5762.2856.1
net cash from discontinued operations0.00.00.00.00.0
net cash from total operating activities675.2705.5-33.5762.2856.1
INVESTING ACTIVITIES
sale of property, plant & equipment0.00.00.00.0116.4
sale of long-term investments0.062.6492.6108.70.0
sale of short-term investments290.3555.90.04.50.0
purchase of property, plant & equipment-279.9-588.9-731.8-379.2-282.6
acquisitions0.3-267.9-21.1-2.4-30.7
purchase of long-term investments-103.8-43.1-394.0-80.7-17.9
purchase of short-term investments-607.4-462.10.0-29.2-435.0
other investing changes, net-1.31.3-22.2-5.418.7
cash from discontinued investing activities0.00.00.00.00.0
net cash from investing activities-701.7-742.1-676.5-383.7-537.1
FINANCING ACTIVITIES
issuance of debt44.70.0370.11,375.0335.0
issuance of capital stock6.09.48.30.2428.2
repayment of long-term debt-78.2-27.9-33.8-1,483.8-670.0
repurchase of capital stock0.00.00.00.00.0
payment of cash dividends0.00.00.00.00.0
other financing charges, net5.5169.0226.619.66.9
cash from discontinued financing activities0.00.00.00.00.0
net cash from financing activities-22.0150.5571.2-89.1101.2
NET CASH FLOW
effect exchange rate changes-3.2-12.7-21.46.33.6
net change in cash & equivalents-51.7101.2-160.1295.7423.8
cash at beginning of period716.2664.5765.7605.6901.3
cash end of period664.5765.7605.6901.31,325.1
*
foreign sales1,929.32,229.71,528.1671.6477.5
domestic sales136.9333.81,238.12,697.02,831.5
auditor namePricewaterhouseCoopers LLPPricewaterhouseCoopers LLPPricewaterhouseCoopers LLPPricewaterhouseCoopers LLPPWC LLP
auditor reportUQUQUQUQUQ
RATIOS CALCULATIONS
PROFIT MARGINS
Close PE Ratio18.016.90.00.019.2
High PE Ratio27.620.00.00.056.1
Low PE Ratio13.412.90.00.03.1
gross profit margin56.852.343.633.10.3
pre-tax profit margin33.229.7-1.9-1.20.1
post-tax profit margin31.025.9-1.4-2.90.1
net profit margin31.025.9-1.4-2.90.1
interest coverage (cont. operations)131.5127013.80.00.0201.8
interest as % of invested capital0.20.00.00.30.4
effective tax rate6.712.80.00.00.1
income per employee136200108885-5642-1720372791
NORMALIZED RATIOS
Normalized Close PE Ratio18.016.97.07.215.3
Normalized High PE Ratio27.620.036.411.715.6
Normalized Low PE Ratio13.412.96.22.715.1
normalized net profit margin31.025.915.011.10.1
Normalized ROE24.119.211.410.30.1
Normalized ROA19.115.27.25.90.1
Normalized ROCI22.918.19.79.10.1
normalized income per employee136200108885591776656589515
SOLVENCY RATIOS
quick ratio2.62.61.61.81.5
current ratio3.43.42.72.62.4
payout ratio
total debt/equity ratio0.070.070.180.160.05
long-term debt/total capital 0.050.060.150.120.03
EFFICIENCY RATIOS
leverage ratio1.31.31.61.80.0
asset turnover0.80.70.50.60.5
cash as % of revenue32.229.921.926.840.0
receivables as % of revenue11.012.030.528.919.9
SG&A as % of Revenue13.913.316.18.68.3
R&D as % of Revenue3.83.75.13.94.1
ACTIVITY RATIOS
revenue per $ cash3.113.354.573.742.50
revenue per $ plant (net)2.091.791.522.212.39
revenue per $ common equity0.780.740.760.930.73
revenue per $ invested capital0.740.700.650.820.70
LIQUIDITY RATIOS
receivables turnover14.39.64.83.75.5
inventory turnover6.56.94.64.95.9
receivables per day sales39.5243.12109.84103.919845147.44
sales per $ receivables9.118.353.283.465.03
sales per $ inventory13.5212.795.817.758.51
revenue/assets0.60.60.50.50.5
number of days cost of goods in inventory55527873
current assets per share15.8618.4630.2232.5051.78
total assets per share39.3151.0366.8272.8593.97
intangibles as % of book-value10.812.51.81.80.0
inventory as % of revenue7.47.817.212.911.8
CAPITAL STRUCTURE RATIOS
long-term debt per share1.722.467.165.742.22
current liabilities per share4.635.4711.2612.6421.68
cash per share7.808.927.0010.348.97
LT-Debt to Equity Ratio0.060.060.170.140.04
LT-Debt as % of Invested Capital5.25.814.512.23.4
LT-Debt as % of Total Debt21.022.829.018.272.9
total debt as % total assets20.821.136.943.23.2
working captial as % of equity36.132.345.048.049.0
revenue per share24.2529.8631.9938.6545.17
book value per share31.1340.2542.1441.3745.25
tangible book value per share27.7735.2041.3840.6258.71
price/revenue ratio5.584.361.060.80213.88
price/equity ratio4.353.230.800.75157.17
price/tangible book ratio4.883.700.820.76164.56
working capital as % of price8.310.056.264.431.2
PROFITABILITY
working capital per share11.2212.9918.9619.8622.15
cash flow per share9.039.562.261.918.97
free cash flow per share4.64-1.76-9.094.376.01
Return on Stock Equity (ROE)24.119.20.00.00.1
Return on Capital Invested (ROCI)22.918.1-0.9-2.30.1
Return on Assets (ROA)19.115.2-0.7-1.50.1
price/cash flow ratio15.013.614.916.27.9
price/free cash flow ratio29.2-73.9-3.77.111.8
sales per employee439617420248395172601526682266
AGAINST THE INDUSTRY RATIOS
% of sales-to-industry9.68.89.011.4
% of earnings-to-industry41.019.4-2.4-21.7
% of EPS-to-Industry2255.71085.0-113.8-6824.9
% of price-to-industry863.5772.7213.9178.5
% of PE-to-Industry37.871.50.00.0
% of price/book-to-industry125.0103.932.028.0
% of price/sales-to-industry167.6159.751.733.3
% of price/cashflow-to-industry61.285.778.653.3
% of pric/free cashlow-to-industry57.7-193.22.4-4.9
% of debt/equity-to-industry20.037.577.360.9
% of current ratio-to-industry103.0106.3112.5113.0
% of gross profit margin-to-industry116.6110.3103.677.9
% of pre-tax profit margin-to-industry364.8210.6-32.8-31.6
% of post-tax profit margin-to-industry424.7219.5-29.8-193.3
% of net profit margin-to-industry430.6219.5-25.5-193.3
% of ROE-to-Industry317.1143.30.00.0
% of leverage-to-industry76.581.384.290.0


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE and AMEX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

1 site:2 us nasdaq fslr140821 12:03