First Solar Inc (NASDAQ:FSLR)

Stock Price: $206.74

-2 (-0.96%)

Updated Jun 2, 2023 08:00 PM GMT+0000

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Overview

Financials

Statistics

Profile

Chart

Market Cap	22.09B
Revenue	2.80B
Gross Profit	170.45M
Shares Out	106.83M
EPS (ttm)	0.3902
PE Ratio	530.2555
Forward PE	28.8047
Dividend Rate (ttm)	0.0000
Dividend Yield	0.0000

Trading Day	Jun 2
Last Price	$206.74
Previous Close	$208.74
Change ($)	-2
Change (%)	-0.96%
Day's Open	211.76
Day's Range	Market Closed
Day's Volume	1.24M
52 Week Range	60.77 - 232

About First Solar

first solar (nasdaq: fslr) is a leading global provider of comprehensive photovoltaic (pv) solar systems which use its advanced thin-film modules. the company’s integrated power plant solutions deliver an economically attractive alternative to fossil-fuel electricity generation today.

from raw material sourcing through end-of-life module collection and recycling, first solar’s renewable energy systems protect and enhance the environment. for more information about first solar: - visit us on the web at http://www.firstsolar.com - follow us on twitter at http://www.twitter.com/firstsolar (@firstsolar) - subscribe to our blog at http://www.firstsolar.com/press-center/first-solar-blog - check us out on youtube at http://www.youtube.com/firstsolar.

NASDAQ:FSLR stock is currently trading at $206.74 as of 08:00 PM UTC, Jun 2, 2023. Use the financials tab to find out more about First Solar's key financial metrics and recent earnings reports, or track its share price in real time on the chart tab. If you would like to buy shares in First Solar, our detailed guide explains how to buy First Solar stock.

News

Sophie Karp names her top stock for renewables exposure December 29, 2022

Is it safe to invest in First Solar shares after missing expectations? November 5, 2021

Should I buy First Solar stock as Biden bans Chinese polysilicon imports? June 22, 2021

First Solar Share Price Slumps as Q2 Earnings Miss Estimates August 7, 2013

SolarCity Shares Jump Nearly 50 Percent in Market Debut December 14, 2012

India Determined to Develop Solar Power Sector August 28, 2012

World’s First Solar-Geothermal Hybrid Plant Online June 3, 2012

Quick info

Country

United States

Industry

Semiconductor and Related Device Manufacturing

Sector

Manufacturing

Employees

5,500

CEO

Mark Widmar

Address

350 W Washington St Ste 600
Tempe
Arizona
85281-1496

Phone

16024149300

Website

firstsolar.com

Ticker Symbol

FSLR

Exchange

NASDAQ Stock Exchange

Reporting Currency

USD

First Solar Inc income statements (2022) (USD)

	July 2022	July 2022	April 2022	March 2022
Total Revenue	620.96M	620.96M	367.04M	2.92B
Cost of Revenue	644.16M	644.16M	355.58M	2.19B
Gross Profit	-23.2M	-23.2M	11.46M	729.95M
Research & Development	25.23M	25.23M	27.11M	99.12M
Selling General & Admin	38.89M	38.89M	36.73M	170.32M
Operating Expense	721.51M	721.51M	426.75M	2.48B
Operating Income	-100.55M	-100.55M	-59.71M	439.47M
Other Income Expense Net	0	0	0	0
EBIT	-100.55M	-100.55M	-59.71M	439.47M
Interest Income	356K	356K	540K	6.93M
Pretax Income	139.60M	139.60M	-62.75M	572.16M
Income Tax	83.80M	83.80M	-19.5M	103.47M
Minority Interest	0	0	0	0
Net Income	55.81M	55.81M	-43.26M	468.69M
Net Income Basic	55.81M	55.81M	-43.26M	468.69M

First Solar Inc income statements (2021) (USD)

	November 2021	July 2021	April 2021	February 2021
Total Revenue	583.50M	629.18M	803.37M	2.71B
Cost of Revenue	458.92M	455.06M	618.61M	2.03B
Gross Profit	124.58M	174.12M	184.77M	680.67M
Research & Development	25.43M	23.94M	19.87M	93.74M
Selling General & Admin	43.48M	36.35M	52.09M	222.92M
Operating Expense	530.77M	517.06M	701.92M	2.39B
Operating Income	52.73M	112.12M	101.45M	323.49M
Other Income Expense Net	0	0	0	0
EBIT	52.73M	112.12M	101.45M	321.36M
Interest Income	1.21M	3.34M	2.04M	7.48M
Pretax Income	46.04M	102.80M	256.16M	291.06M
Income Tax	837K	20.35M	46.49M	-107.29M
Minority Interest	0	0	0	0
Net Income	45.20M	82.45M	209.67M	398.36M
Net Income Basic	45.20M	82.45M	209.67M	398.36M

First Solar Inc income statements (2020) (USD)

	October 2020	September 2020	June 2020	March 2020	March 2020
Total Revenue	0.93B	0.93B	642.41M	531.92M	531.92M
Cost of Revenue	634.55M	634.48M	505.24M	442.27M	442.27M
Gross Profit	293.02M	293.09M	137.18M	89.64M	89.64M
Research & Development	22.97M	22.97M	22.48M	25.61M	25.61M
Selling General & Admin	49.86M	49.86M	51.77M	58.59M	58.59M
Operating Expense	720.40M	707.31M	579.49M	526.47M	526.47M
Operating Income	207.16M	220.26M	62.92M	5.44M	5.44M
Other Income Expense Net	0	-27.05M	-16.1M	-3.87M	-3.87M
EBIT	207.10M	220.26M	62.92M	5.44M	5.44M
Interest Income	8.87M	5.10M	4.28M	6.68M	6.68M
Pretax Income	193.14M	193.21M	46.82M	1.58M	1.58M
Income Tax	38.11M	38.11M	10.21M	-89.22M	-89.22M
Minority Interest	0	0	0	0	0
Net Income	155.04M	155.04M	36.91M	90.70M	90.70M
Net Income Basic	155.04M	155.04M	36.91M	90.70M	90.70M

First Solar Inc income statements (2019) (USD)

	December 2019	September 2019	June 2019	March 2019
Total Revenue	1.40B	546.81M	584.83M	531.98M
Cost of Revenue	1.07B	408.44M	508.39M	531.87M
Gross Profit	333.06M	138.36M	76.44M	112K
Research & Development	25.43M	24.91M	24.40M	21.88M
Selling General & Admin	55.64M	53.54M	50.93M	45.35M
Operating Expense	1.15B	486.90M	583.72M	599.10M
Operating Income	251.99M	59.91M	1.11M	-67.12M
Other Income Expense Net	-342.18M	-14.32M	-7.82M	-1.7M
EBIT	251.99M	59.91M	1.11M	-67.12M
Interest Income	4.61M	4.62M	4.55M	4.76M
Pretax Income	-90.19M	45.59M	-6.71M	-68.82M
Income Tax	-30.87M	15.04M	11.74M	-1.39M
Minority Interest	0	0	0	0
Net Income	-59.41M	30.62M	-18.55M	-67.6M
Net Income Basic	-59.41M	30.62M	-18.55M	-67.6M

First Solar Inc income statements (2018) (USD)

	December 2018	September 2018	June 2018	March 2018
Total Revenue	691.24M	676.17M	309.32M	567.27M
Cost of Revenue	592.93M	547.31M	317.38M	394.47M
Gross Profit	98.31M	128.87M	-8.06M	172.80M
Research & Development	21.39M	22.39M	20.37M	20.32M
Selling General & Admin	51.34M	33.54M	50.85M	41.13M
Operating Expense	665.66M	603.23M	388.60M	455.92M
Operating Income	25.58M	72.94M	-79.28M	111.35M
Other Income Expense Net	22.60M	-9.56M	-15.46M	-15.03M
EBIT	25.58M	72.94M	-79.28M	111.35M
Interest Income	4.12M	4.08M	4.56M	4.52M
Pretax Income	48.19M	63.38M	-94.74M	96.32M
Income Tax	-4.42M	2.40M	-6.16M	11.63M
Minority Interest	0	0	0	0
Net Income	52.12M	57.75M	-48.49M	82.95M
Net Income Basic	52.12M	57.75M	-48.49M	82.95M

First Solar Inc income statements (2017) (USD)

	December 2017	September 2017	June 2017
Total Revenue	339.18M	1.09B	623.33M
Cost of Revenue	277.11M	795.23M	512.43M
Gross Profit	62.07M	291.80M	110.89M
Research & Development	23.58M	20.85M	21.34M
Selling General & Admin	55M	63.17M	57.34M
Operating Expense	355.69M	879.25M	591.11M
Operating Income	-16.51M	207.78M	32.21M
Other Income Expense Net	-15.98M	1.50M	-22.25M
EBIT	-16.51M	207.78M	32.21M
Interest Income	5.66M	4.32M	5.37M
Pretax Income	-32.49M	209.28M	9.97M
Income Tax	398.77M	7.58M	-40.03M
Minority Interest	0	0	0
Net Income	-432.45M	205.75M	51.96M
Net Income Basic	-432.45M	205.75M	51.96M

First Solar Inc balance sheet (2023) (USD)

	April 2023
Current Cash	2.27B
Receivables	324.51M
Inventory	751.41M
Current Assets	3.62B
Other Current Assets	260.45M
Short Term Investments	260.45M
Long Term Investments	4.94B
Property/Plant Equipment	3.86B
Good Will	N.A
Intangible Assets	28.48M
Tangible Assets (Net)	5.83B
Other Assets	614.98M
Total Assets	8.56B
Accounts Payable	285.76M
Other Current Liabilities	888.41M
Total Current Liabilities	1.17B
Total Liabilities	2.70B
Long Term Debt	320.38M
Current Long Term Debt	0
Minority Interest	0
Common Stock	106.68M
Treasury Stock	0
Retained Earnings	3.18B
Capital Surplus	N.A
Shareholder Equity	5.87B
Other Liabilities	N.A

First Solar Inc balance sheet (2022) (USD)

	July 2022	July 2022	April 2022	March 2022
Current Cash	1.85B	1.85B	1.55B	1.83B
Receivables	489.87M	489.87M	322.12M	454.71M
Inventory	810.46M	810.46M	840.75M	666.30M
Current Assets	3.38B	3.38B	2.99B	3.19B
Other Current Assets	236.80M	236.80M	280.32M	242.66M
Short Term Investments	236.80M	236.80M	280.32M	242.66M
Long Term Investments	4.04B	4.04B	4.40B	4.22B
Property/Plant Equipment	3.15B	3.15B	3B	2.87B
Good Will	N.A	N.A	N.A	N.A
Intangible Assets	38.73M	38.73M	42.77M	45.51M
Tangible Assets (Net)	5.84B	5.84B	5.82B	5.90B
Other Assets	467.21M	467.21M	861.51M	780.57M
Total Assets	7.42B	7.42B	7.40B	7.41B
Accounts Payable	160.96M	160.96M	146.23M	193.37M
Other Current Liabilities	637.44M	637.44M	584.06M	529.61M
Total Current Liabilities	803.55M	803.55M	734.99M	726.88M
Total Liabilities	1.52B	1.52B	1.52B	1.45B
Long Term Debt	170.02M	170.02M	247.35M	236.01M
Current Long Term Debt	5.15M	5.15M	4.70M	3.90M
Minority Interest	0	0	0	0
Common Stock	106.59M	106.59M	106.41M	106.26M
Treasury Stock	0	0	0	0
Retained Earnings	3.20B	3.20B	3.14B	3.18B
Capital Surplus	N.A	N.A	N.A	N.A
Shareholder Equity	5.90B	5.90B	5.88B	5.96B
Other Liabilities	N.A	N.A	N.A	N.A

First Solar Inc balance sheet (2021) (USD)

	November 2021	July 2021	April 2021	February 2021
Current Cash	1.92B	1.77B	1.54B	1.75B
Receivables	273.34M	597.62M	817.10M	294.28M
Inventory	647.44M	603.06M	550.27M	567.62M
Current Assets	3.05B	3.16B	3.14B	3.01B
Other Current Assets	202.30M	188.54M	231.69M	248.14M
Short Term Investments	202.30M	188.54M	231.69M	248.14M
Long Term Investments	4.22B	4.09B	3.97B	4.09B
Property/Plant Equipment	2.74B	2.63B	2.63B	2.65B
Good Will	N.A	N.A	N.A	N.A
Intangible Assets	47.94M	50.67M	53.40M	56.14M
Tangible Assets (Net)	5.77B	5.72B	5.63B	5.45B
Other Assets	808.06M	787.26M	683.50M	737.23M
Total Assets	7.27B	7.25B	7.11B	7.11B
Accounts Payable	170.04M	148.33M	186.09M	183.35M
Other Current Liabilities	508.07M	509.36M	480.80M	622.51M
Total Current Liabilities	715.24M	660.92M	669.34M	847.40M
Total Liabilities	1.44B	1.46B	1.41B	1.59B
Long Term Debt	241.48M	276.08M	254.45M	237.69M
Current Long Term Debt	37.13M	3.24M	2.45M	41.54M
Minority Interest	0	0	0	0
Common Stock	106.32M	106.31M	106.09M	105.87M
Treasury Stock	0	0	0	0
Retained Earnings	3.05B	3.01B	2.93B	2.72B
Capital Surplus	N.A	N.A	N.A	N.A
Shareholder Equity	5.83B	5.78B	5.69B	5.52B
Other Liabilities	N.A	N.A	N.A	N.A

First Solar Inc balance sheet (2020) (USD)

	October 2020	September 2020	June 2020	March 2020	March 2020
Current Cash	1.63B	1.28B	1.10B	0.98B	0.98B
Receivables	307.23M	308.15M	351.72M	411.39M	411.39M
Inventory	602.07M	602.07M	552.78M	524.51M	524.51M
Current Assets	2.80B	2.80B	2.73B	2.75B	2.75B
Other Current Assets	223.80M	254.35M	224.41M	225.63M	225.63M
Short Term Investments	223.80M	353.82M	494.08M	579.34M	579.34M
Long Term Investments	4.18B	302.64M	300.21M	291.47M	291.47M
Property/Plant Equipment	2.64B	3.23B	3.41B	3.26B	3.26B
Good Will	N.A	N.A	N.A	N.A	N.A
Intangible Assets	58.47M	58.47M	61.19M	63.92M	63.92M
Tangible Assets (Net)	5.32B	4.86B	5.21B	5.15B	5.15B
Other Assets	731.27M	361.16M	344.48M	346.04M	346.04M
Total Assets	6.99B	6.99B	7.07B	6.95B	6.95B
Accounts Payable	153.93M	153.93M	158.80M	173.76M	173.76M
Other Current Liabilities	536.75M	490.08M	479.80M	456.76M	456.76M
Total Current Liabilities	731.09M	731.09M	747.04M	732.44M	732.44M
Total Liabilities	1.59B	1.59B	1.85B	1.78B	1.78B
Long Term Debt	220.46M	405.34M	584.60M	515.84M	515.84M
Current Long Term Debt	40.41M	40.41M	77.03M	81.81M	81.81M
Minority Interest	0	0	0	0	0
Common Stock	2.86B	105.97M	105.96M	105.91M	105.91M
Treasury Stock	0	N.A	N.A	N.A	N.A
Retained Earnings	2.60B	2.60B	2.45B	2.41B	2.41B
Capital Surplus	N.A	2.86B	2.85B	2.84B	2.84B
Shareholder Equity	5.40B	5.40B	5.23B	5.17B	5.17B
Other Liabilities	N.A	N.A	N.A	N.A	N.A

First Solar Inc balance sheet (2019) (USD)

	December 2019	September 2019	June 2019	March 2019
Current Cash	1.37B	0.91B	1.24B	1.04B
Receivables	682.39M	555.76M	421.41M	668.81M
Inventory	497.10M	645.63M	678.35M	519.36M
Current Assets	3.60B	3.04B	3.41B	3.58B
Other Current Assets	208.98M	235.34M	227.83M	213.70M
Short Term Investments	811.51M	661.55M	807.56M	1.10B
Long Term Investments	306.81M	308.84M	331.42M	391.60M
Property/Plant Equipment	3.14B	3.33B	3.01B	2.83B
Good Will	N.A	N.A	N.A	N.A
Intangible Assets	64.54M	66.79M	69.12M	71.64M
Tangible Assets (Net)	4.56B	5.04B	5.12B	5.11B
Other Assets	257.17M	217.69M	208.83M	248.50M
Total Assets	7.52B	7.05B	7.14B	7.26B
Accounts Payable	218.08M	218.09M	242.54M	221.74M
Other Current Liabilities	1.05B	487.85M	545.65M	581.82M
Total Current Liabilities	1.32B	760.81M	843.32M	836.52M
Total Liabilities	2.42B	1.87B	2B	2.13B
Long Term Debt	566.70M	594.32M	584.77M	690.91M
Current Long Term Debt	17.51M	28.24M	28.31M	12.36M
Minority Interest	0	0	0	0
Common Stock	105.45M	105.41M	105.39M	105.35M
Treasury Stock	N.A	N.A	N.A	N.A
Retained Earnings	2.33B	2.39B	2.36B	2.37B
Capital Surplus	2.85B	2.84B	2.83B	2.81B
Shareholder Equity	5.10B	5.18B	5.14B	5.13B
Other Liabilities	N.A	N.A	N.A	N.A

First Solar Inc balance sheet (2018) (USD)

	December 2018	September 2018	June 2018	March 2018
Current Cash	1.42B	1.44B	2.03B	1.86B
Receivables	586.45M	584.14M	303.09M	424.67M
Inventory	444.82M	347.49M	306.61M	239.44M
Current Assets	3.82B	3.86B	3.92B	3.76B
Other Current Assets	194.70M	155.60M	134.06M	179.24M
Short Term Investments	1.15B	1.30B	1.11B	1.02B
Long Term Investments	321.58M	344.32M	340.15M	555.04M
Property/Plant Equipment	2.53B	2.45B	2.30B	2.10B
Good Will	N.A	N.A	N.A	N.A
Intangible Assets	74.16M	74.59M	77.10M	79.61M
Tangible Assets (Net)	5.07B	5.03B	4.97B	5.02B
Other Assets	255.69M	209.74M	260.95M	206.31M
Total Assets	7.12B	7.09B	7.03B	6.84B
Accounts Payable	233.29M	154.60M	161.14M	136.90M
Other Current Liabilities	585.72M	661.02M	616.71M	400.62M
Total Current Liabilities	845.46M	868.18M	815.41M	553.74M
Total Liabilities	1.91B	1.92B	1.91B	1.68B
Long Term Debt	461.22M	463.49M	448.55M	431.82M
Current Long Term Debt	5.57M	2.62M	7.74M	6.06M
Minority Interest	0	0	0	0
Common Stock	104.89M	104.81M	104.80M	104.76M
Treasury Stock	N.A	N.A	N.A	N.A
Retained Earnings	2.44B	2.39B	2.33B	2.38B
Capital Surplus	2.83B	2.82B	2.81B	2.80B
Shareholder Equity	5.21B	5.17B	5.11B	5.16B
Other Liabilities	N.A	N.A	N.A	N.A

First Solar Inc balance sheet (2017) (USD)

	December 2017	September 2017	June 2017
Current Cash	2.28B	2.04B	1.53B
Receivables	406.82M	799.76M	608.91M
Inventory	201.21M	238.45M	370.62M
Current Assets	3.75B	3.90B	3.40B
Other Current Assets	130.25M	107.75M	139.42M
Short Term Investments	724.68M	709.19M	726.54M
Long Term Investments	644.29M	636.53M	609.69M
Property/Plant Equipment	2B	1.80B	2.03B
Good Will	N.A	N.A	N.A
Intangible Assets	80.23M	81.77M	83.83M
Tangible Assets (Net)	4.92B	4.98B	5.16B
Other Assets	259.52M	260.97M	210.76M
Total Assets	6.86B	7.05B	6.68B
Accounts Payable	120.22M	130.70M	118.08M
Other Current Liabilities	497.40M	430.47M	370.65M
Total Current Liabilities	650.28M	579.02M	503.85M
Total Liabilities	1.77B	1.54B	1.39B
Long Term Debt	423.86M	400.16M	377.45M
Current Long Term Debt	13.08M	13.45M	13.57M
Minority Interest	0	0	0
Common Stock	104.47M	104.43M	104.40M
Treasury Stock	N.A	N.A	N.A
Retained Earnings	2.30B	2.73B	2.52B
Capital Surplus	2.80B	2.79B	2.78B
Shareholder Equity	5.10B	5.51B	5.29B
Other Liabilities	N.A	N.A	N.A

First Solar Inc cash flow (2023) (USD)

	April 2023	February 2023
Net Income	42.56M	-7.55M
Depreciation	68.86M	70.54M
Changes in Receivables	324.51M	354.99M
Changes in Inventories	751.41M	621.38M
Cash Change	2.27B	2.58B
Cash Flow	-34.6M	795.22M
Capital Expenditures	-370.96M	-326.9M
Investments	N.A	N.A
Investing Activity (other)	N.A	N.A
Total Investing Cash Flows	-645.23M	-570.06M
Dividends Paid	N.A	N.A
Net Borrowings	-2.21B	-2.63B
Other Financing Cash Flows	N.A	N.A
Cash Flow Financing	107.69M	99.93M
Exchange Rate Effect	N.A	N.A

First Solar Inc cash flow (2022) (USD)

	October 2022	July 2022
Net Income	-49.17M	55.81M
Depreciation	67.42M	66.55M
Changes in Receivables	360.57M	489.87M
Changes in Inventories	810.66M	810.46M
Cash Change	1.93B	1.85B
Cash Flow	128.98M	88.02M
Capital Expenditures	-223.26M	-198.69M
Investments	N.A	N.A
Investing Activity (other)	N.A	N.A
Total Investing Cash Flows	-760.81M	141.23M
Dividends Paid	N.A	N.A
Net Borrowings	-1.91B	-1.91B
Other Financing Cash Flows	N.A	N.A
Cash Flow Financing	83.85M	119.85M
Exchange Rate Effect	N.A	N.A

First Solar Inc cash flow (2021) (USD)

	November 2021
Net Income	45.20M
Depreciation	65.69M
Changes in Receivables	273.34M
Changes in Inventories	647.44M
Cash Change	1.92B
Cash Flow	305.32M
Capital Expenditures	-164.62M
Investments	N.A
Investing Activity (other)	N.A
Total Investing Cash Flows	-553.38M
Dividends Paid	N.A
Net Borrowings	-1.85B
Other Financing Cash Flows	N.A
Cash Flow Financing	-120K
Exchange Rate Effect	N.A

First Solar Inc cash flow (2020) (USD)

	October 2020	September 2020	June 2020	March 2020
Net Income	155.04M	155.04M	36.91M	90.70M
Depreciation	173.28M	59.40M	57.60M	56.28M
Changes in Receivables	-44.49M	43.57M	59.67M	271M
Changes in Inventories	49.29M	-61.95M	-31.18M	-48.9M
Cash Change	84.09M	168.88M	128.93M	-427.63M
Cash Flow	-149.2M	207.90M	147.77M	-504.86M
Capital Expenditures	-327.28M	-106.33M	-108.41M	-112.55M
Investments	N.A	141.32M	92.72M	223.14M
Investing Activity (other)	N.A	48K	525K	-14.15M
Total Investing Cash Flows	116.32M	35.04M	-15.16M	96.45M
Dividends Paid	N.A	N.A	N.A	N.A
Net Borrowings	-1.59B	-75.24M	-8.78M	-325K
Other Financing Cash Flows	N.A	-289K	-453K	-13.12M
Cash Flow Financing	-98.2M	-75.53M	-9.23M	-13.44M
Exchange Rate Effect	N.A	1.47M	5.55M	-5.77M

First Solar Inc cash flow (2019) (USD)

	December 2019	September 2019	June 2019	March 2019
Net Income	-59.41M	30.62M	-18.55M	-67.6M
Depreciation	55.51M	51.15M	49.94M	48.87M
Changes in Receivables	-126.63M	-134.35M	247.40M	-82.36M
Changes in Inventories	140.23M	29.27M	-165.93M	-87.1M
Cash Change	471M	-358.06M	126.94M	-356M
Cash Flow	781.69M	-317.62M	13.57M	-303.44M
Capital Expenditures	-158.15M	-182.74M	-178.67M	-149.17M
Investments	-143.61M	145.86M	297.68M	9.38M
Investing Activity (other)	-2.88M	N.A	N.A	N.A
Total Investing Cash Flows	-307.66M	-36.75M	121.89M	-139.77M
Dividends Paid	N.A	N.A	N.A	N.A
Net Borrowings	-6.78M	N.A	-6.99M	103.80M
Other Financing Cash Flows	-19K	1.02M	-132K	-15.96M
Cash Flow Financing	-6.8M	1.02M	-7.12M	87.84M
Exchange Rate Effect	3.77M	-4.71M	-1.39M	-625K

First Solar Inc cash flow (2018) (USD)

	December 2018	September 2018	June 2018	March 2018
Net Income	52.12M	57.75M	-48.49M	82.95M
Depreciation	41.54M	34.43M	30.35M	24.42M
Changes in Receivables	-2.31M	-281.05M	121.58M	-17.85M
Changes in Inventories	-98.92M	-46.17M	-71.52M	-40.62M
Cash Change	38.45M	-574.25M	150.84M	-382.89M
Cash Flow	-185.5M	-225.17M	129.14M	-45.29M
Capital Expenditures	-129.22M	-238M	-194.9M	-177.73M
Investments	242.55M	-185.06M	197.51M	-191.74M
Investing Activity (other)	-325K	150K	-745K	-5.23M
Total Investing Cash Flows	113.01M	-422.9M	1.87M	-374.69M
Dividends Paid	N.A	N.A	N.A	N.A
Net Borrowings	116.33M	73.60M	28.03M	54.03M
Other Financing Cash Flows	-4.29M	-407K	-196K	-11.87M
Cash Flow Financing	112.05M	73.19M	27.84M	42.16M
Exchange Rate Effect	-1.1M	623K	-8M	-5.07M

First Solar Inc cash flow (2017) (USD)

	December 2017	September 2017	June 2017
Net Income	-432.45M	205.75M	51.96M
Depreciation	25.76M	28.61M	27.97M
Changes in Receivables	392.95M	-190.85M	-387.19M
Changes in Inventories	34.20M	123.34M	93.35M
Cash Change	251M	524.90M	-155.92M
Cash Flow	434.68M	581.38M	-167.8M
Capital Expenditures	-199.23M	-97.63M	-104.51M
Investments	-20.91M	19.45M	70.14M
Investing Activity (other)	-243K	N.A	N.A
Total Investing Cash Flows	-223.56M	-77.52M	-33.25M
Dividends Paid	N.A	N.A	N.A
Net Borrowings	55.31M	19.49M	38.70M
Other Financing Cash Flows	-14.87M	-4.8M	-3.95M
Cash Flow Financing	40.44M	14.69M	34.75M
Exchange Rate Effect	-554K	6.35M	10.38M