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)
2013/122014/122015/122016/122017/12
INDICATORS
year end date2013/122014/122015/122016/122017/12
date preliminary data loaded2014-04-232015-03-012016-02-282017-02-262018-03-04
earnings period indicatorAAAAA
quarterly indicator44444
basic earnings indicatorYYYYY
template indicator
preliminary full context indNNNNN
projected fiscal year date2014-12-312015-12-312016-12-312017-12-312018-12-31
number of months last report period33333
INCOME STATEMENT
operating revenue3,309.03,391.83,579.02,951.32,941.3
total revenue3,309.03,391.83,579.02,951.32,941.3
adjustments to revenue0.00.00.00.00.0
cost of sales2,446.22,564.72,659.72,247.32,392.4
cost of sales with depreciation2,446.22,564.72,659.72,247.32,392.4
gross margin862.8827.1919.3704.0548.9
gross operating profit862.8827.1919.3704.0548.9
Research & Development (R&D) Expense134.3144.0130.6124.888.6
Selling, General & Administrative (SG&A) Expense273.0259.0272.0263.0245.3
advertising0.00.00.00.00.0
operating income368.5424.2516.7-502.6177.9
EBITDA614.5679.8784.6-220.2343.2
depreciation0.00.00.00.00.0
depreciation (unrecognized)-234.4-245.8-257.8-230.9-115.3
amortization234.4245.8257.8230.9115.3
amortization of intangibles0.00.00.00.00.0
operating profit after depreciation614.5679.8784.6-220.2343.2
interest income16.818.022.525.235.7
earnings from equity interest0.00.00.00.00.0
other income net-5.2-13.28.126.214.3
income, acquired in process r&a0.00.00.00.00.0
Income, Restructuring and M&A0.00.00.00.00.0
other special charges0.00.00.00.00.0
special income charges-86.90.00.0-818.8-37.2
EBIT380.1434.0526.8-451.2227.9
interest expense1.92.07.020.525.8
pre-tax income 378.2432.0519.8-471.7202.1
income taxes6.71.71.35.319.6
minority interest0.00.00.00.00.0
pref. securities of subsid. trust0.00.00.00.00.0
income before income taxes378.2432.0519.8-471.7202.1
net income (continuing operations)353.0396.9546.4-358.0-165.6
net income (discontinued operations)0.00.00.00.00.0
net income (total operations)353.0396.9546.4-358.0-165.6
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 income353.0396.9546.4-358.0-165.6
normalized income434.1396.9546.4359.8-143.3
net income available for common353.0396.9546.4-358.0-165.6
preferred dividends0.00.00.00.00.0
excise taxes0.00.00.00.00.0
*
Basic EPS (Continuing)3.773.975.42-3.48-1.59
Basic EPS (Discontinued)0.000.000.000.000.00
Basic EPS from Total Operations3.773.975.42-3.48-1.59
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 - Total3.773.975.42-3.48-1.59
Basic EPS - Normalized4.633.975.423.50-1.38
*
Diluted EPS (Continuing)3.703.915.37-3.48-1.59
Diluted EPS (Discontinued)0.000.000.000.000.00
Diluted EPS from Total Operations3.703.915.37-3.48-1.59
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 - Total3.703.915.37-3.48-1.59
Diluted EPS - Normalized4.553.915.373.50-1.38
Dividends Paid Per Share (DPS)0.000.000.000.000.00
INCOME STATEMENT (YEAR-TO-DATE)
Revenue (YTD)3,309.03,391.83,579.02,951.32,941.3
Net Income from Total Operations (YTD)353.0396.9546.4-358.0-165.6
EPS from Total Operations (YTD)3.773.975.42-3.48-1.59
Dividends Paid Per Share (YTD)0.000.000.000.000.00
BALANCE SHEET
ASSETS
cash & equivalents1,325.11,482.11,126.81,347.22,268.5
restricted cash0.074.772.537.211.1
marketable securities1,764.21,991.11,830.31,955.12,988.9
accounts receivable657.7212.4500.6266.7386.4
loans receivable0.00.00.00.00.0
other receivable0.00.060.4205.50.0
receivables657.7224.9561.1509.5419.0
inventories, raw materials0.041.90.00.00.0
inventories, work in progress0.020.80.00.00.0
inventories, purchased components0.00.00.00.00.0
inventories, finished goods0.0442.40.00.00.0
inventories, other0.00.00.00.00.0
inventories, adjustments & allowances0.00.00.00.00.0
inventories389.0505.1380.4363.2172.4
prepaid expenses24.642.275.077.373.4
current defered income taxes0.00.00.00.00.0
other current assets893.5260.9238.4143.1167.9
total current assets3,792.83,190.53,345.63,786.63,832.8
land and improvements10.712.412.17.88.2
building and improvements360.5381.9410.9379.0424.3
machinery, furniture & equipment1,570.31,828.81,969.51,592.31,216.6
construction in progress133.2154.537.793.2641.3
other fixed assets1,385.11,448.71,377.91,077.71,571.6
total fixed assets1,385.11,448.71,377.91,077.71,571.6
gross fixed assets1,385.11,448.71,377.91,077.71,571.6
accumulated depreciation-940.7-1,134.4-1,335.5-1,530.6-1,184.7
net fixed assets1,385.11,448.71,377.91,077.71,571.6
intangibles117.4119.2110.088.080.2
cost in excess85.085.085.014.514.5
non-current deferred income taxes296.6222.3357.7252.751.4
other non-current assets158.1144.3159.4515.4584.1
total non-current assets3,090.73,534.03,970.73,080.63,031.7
total assets6,883.56,724.47,316.36,867.26,864.5
inventory valuation methodFIFIFIFIFI
EQUITY & LIABILITIES
accounts payable261.3214.7337.7148.7120.2
notes payable0.00.00.00.00.0
short-term debt0.00.00.00.00.0
accrued expenses451.0541.6409.5263.0338.1
accrued liabilities0.00.00.00.00.0
deferred revenues1.221.918.07.781.8
current deferred income taxes0.00.00.00.00.0
other current liabilities0.10.00.00.00.0
total current liabilities1,588.11,001.1960.8899.7650.3
long-term debt162.8165.0251.3160.4380.5
capital lease obligations0.00.00.00.00.0
deferred income taxes-20.914.1-17.5123.9173.4
other non-current liabilities404.4284.5392.3428.1499.3
minority interest liability2,380.41,697.01,767.81,654.51,765.8
preferred secur. of subsid. trust0.00.00.00.00.0
preferred equity outside stock equity0.00.00.00.00.0
total non-current liabilities792.3695.9807.0754.81,115.5
total liabilities2,380.41,697.01,767.81,654.51,765.8
preferred stock equity0.00.00.00.00.0
common stock equity4,503.15,027.55,548.55,212.75,098.7
common par0.00.00.00.00.0
additional paid-in capital2,646.02,697.62,742.82,759.22,799.1
cumulative translation adjustments0.00.00.00.00.0
retained earnings1,882.82,279.72,790.12,463.32,297.2
treasury stock0.00.00.00.00.0
other equity adjustments0.00.00.00.00.0
total capitalization4,665.95,192.55,799.85,373.15,479.2
total equity4,503.15,027.55,548.55,212.75,098.7
total liabilities & stock equity6,883.56,724.47,316.36,867.26,864.5
*
cash flow0.00.00.00.00.0
working capital2,204.72,189.42,384.82,886.93,182.5
free cash flow573.6423.4-527.4-22.7826.3
invested capital4,726.45,244.45,837.95,401.15,492.2
*
shares out (common class only)99.5100.3101.8104.0104.5
preferred shares0.00.00.00.00.0
total ordinary shares99.5100.3101.8104.0104.5
total common shares out99.5100.3101.8104.0104.5
treasury shares0.00.00.00.00.0
basic weighted shares0.00.00.00.00.0
diluted weighted shares0.00.00.00.00.0
number of employees48506060635054004100
number of part-time employees
CASH-FLOW STATEMENT
OPERATING ACTIVITIES
net income/loss353.0396.9546.4-358.0-165.6
depreciation0.00.00.00.00.0
amortization234.4245.8257.8230.9115.3
amortization of intangibles0.00.00.00.00.0
deferred income taxes-20.914.1-17.5123.9173.4
operating gains0.00.0-20.4-213.618.7
extraordinary gains0.00.00.00.00.0
(increase) decrease in receivables565.0453.8-340.392.785.8
(increase) decrease in inventories15.4-99.9113.595.8212.8
(increase) decrease in prepaid expenses109.1-19.9-38.69.626.7
(increase) decrease in other current assets0.00.00.00.00.0
decrease (increase) in payables-57.0-53.3130.6-191.6-47.2
decrease (increase) in other current liabilities-128.3-426.4-164.7183.2-261.0
decrease (increase) in other working capital-317.7136.5-866.0-671.31,149.1
other non-cash items65.61.538.3867.270.5
net cash from continuing operations856.1681.0-360.9206.81,340.7
net cash from discontinued operations0.00.00.00.00.0
net cash from total operating activities856.1681.0-360.9206.81,340.7
INVESTING ACTIVITIES
sale of property, plant & equipment116.41.50.10.00.0
sale of long-term investments0.00.00.0291.50.0
sale of short-term investments0.00.00.0525.50.0
purchase of property, plant & equipment-282.6-257.5-166.4-229.5-514.4
acquisitions-30.7-4.30.0-10.30.0
purchase of long-term investments-17.9-25.0-27.50.00.0
purchase of short-term investments-435.0-378.1-556.5-422.60.0
other investing changes, net18.7-125.9340.0-5.42.2
cash from discontinued investing activities0.00.00.00.00.0
net cash from investing activities-537.1-511.9-112.1144.5-626.8
FINANCING ACTIVITIES
issuance of debt335.065.6146.0576.8215.4
issuance of capital stock428.20.00.00.00.0
repayment of long-term debt-670.0-60.1-47.1-687.4-24.1
repurchase of capital stock0.00.00.00.00.0
payment of cash dividends0.00.00.00.00.0
other financing charges, net6.91.938.2-25.80.7
cash from discontinued financing activities0.00.00.00.00.0
net cash from financing activities101.27.4137.1-136.4192.0
NET CASH FLOW
effect exchange rate changes3.6-19.5-19.3-6.38.9
net change in cash & equivalents423.8157.0-355.2208.6914.8
cash at beginning of period901.31,325.11,482.11,207.11,415.7
cash end of period1,325.11,482.11,126.81,415.72,330.5
*
foreign sales477.5349.2461.2502.70.0
domestic sales2,831.53,042.63,117.82,448.60.0
auditor namePWC LLPPWC LLPPWC LLPPWC LLPPWC LLP
auditor reportUQUQUQUQUE
RATIOS CALCULATIONS
PROFIT MARGINS
Close PE Ratio19.215.313.1-10.90.0
High PE Ratio56.144.930.4-21.50.0
Low PE Ratio3.12.92.1-3.30.0
gross profit margin0.30.20.30.00.2
pre-tax profit margin0.10.10.10.00.1
post-tax profit margin0.10.10.10.00.0
net profit margin0.10.10.20.00.0
interest coverage (cont. operations)201.8219.075.50.08.8
interest as % of invested capital0.40.30.40.50.7
effective tax rate0.10.10.00.01.8
income per employee727916549886051
NORMALIZED RATIOS
Normalized Close PE Ratio15.314.813.310.60.0
Normalized High PE Ratio15.615.213.511.00.0
Normalized Low PE Ratio15.114.712.910.40.0
normalized net profit margin0.10.10.20.00.0
Normalized ROE0.10.10.10.10.0
Normalized ROA0.10.10.10.10.0
Normalized ROCI0.10.10.10.10.0
normalized income per employee89515654988605166624
SOLVENCY RATIOS
quick ratio1.52.22.52.75.2
current ratio2.43.23.54.25.9
payout ratio
total debt/equity ratio0.050.040.050.040.08
long-term debt/total capital 0.030.030.040.030.07
EFFICIENCY RATIOS
leverage ratio0.00.00.10.00.1
asset turnover0.50.50.50.40.4
cash as % of revenue40.043.731.545.672.9
receivables as % of revenue19.96.615.717.314.2
SG&A as % of Revenue8.37.67.68.98.3
R&D as % of Revenue4.14.23.64.23.0
ACTIVITY RATIOS
revenue per $ cash2.502.293.182.191.37
revenue per $ plant (net)2.392.342.602.741.87
revenue per $ common equity0.730.670.650.570.58
revenue per $ invested capital0.700.650.610.550.54
LIQUIDITY RATIOS
receivables turnover5.57.810.07.79.0
inventory turnover5.95.76.06.08.9
receivables per day sales9845147.444803618.4615431554.5510738555.2710341163.54
sales per $ receivables5.0315.086.385.790.00
sales per $ inventory8.516.729.418.130.00
revenue/assets0.50.50.50.40.4
number of days cost of goods in inventory
current assets per share51.7843.5546.2650.2947.21
total assets per share93.9791.80101.1691.2184.56
intangibles as % of book-value0.00.00.00.00.0
inventory as % of revenue11.814.910.612.35.9
CAPITAL STRUCTURE RATIOS
long-term debt per share2.222.253.482.134.69
current liabilities per share21.6813.6713.2811.958.01
cash per share8.976.70-3.542.0112.85
LT-Debt to Equity Ratio0.040.030.050.030.07
LT-Debt as % of Invested Capital3.43.14.33.06.9
LT-Debt as % of Total Debt72.976.186.885.296.7
total debt as % total assets3.23.24.02.75.7
working captial as % of equity49.043.543.055.462.4
revenue per share45.1746.3049.4939.2036.23
book value per share45.2550.1354.5250.1048.80
tangible book value per share58.7165.8474.0267.8761.64
price/revenue ratio213.88176.66199.75133.61225.48
price/equity ratio157.17119.18128.8575.65130.07
price/tangible book ratio164.56124.23133.5477.16132.53
working capital as % of price31.236.533.473.248.0
PROFITABILITY
working capital per share22.1521.8323.4327.7530.46
cash flow per share8.976.70-3.542.0112.85
free cash flow per share6.014.17-5.18-0.227.92
Return on Stock Equity (ROE)0.10.10.1-0.10.0
Return on Capital Invested (ROCI)0.10.10.00.00.0
Return on Assets (ROA)0.10.10.1-0.10.0
price/cash flow ratio7.98.9-19.818.95.0
price/free cash flow ratio11.814.3-13.6-172.48.1
sales per employee682266559705563621717396
AGAINST THE INDUSTRY RATIOS
% of sales-to-industry
% of earnings-to-industry
% of EPS-to-Industry
% of price-to-industry
% of PE-to-Industry
% of price/book-to-industry
% of price/sales-to-industry
% of price/cashflow-to-industry
% of pric/free cashlow-to-industry
% of debt/equity-to-industry
% of current ratio-to-industry
% of gross profit margin-to-industry
% of pre-tax profit margin-to-industry
% of post-tax profit margin-to-industry
% of net profit margin-to-industry
% of ROE-to-Industry
% of leverage-to-industry
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, AMEX, and ASX 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

P:41 V:us D:20180420 22:01:40