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FSLR - First Solar, Inc.

NASDAQ -> Technology -> Solar
Tempe, United States
Type: Equity

FSLR price evolution
FSLR
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Current assets
Cash $1946.99 $1492.96 $829.91 $906.63
Short term investments $155.5 $329.52 $1054.04 $1364.61
Net receivables $660.78 $787.12 $668.42 $324.51
Inventory $1086.8 $1144.15 $1013.34 $1004.76
Total current assets $4634.81 $3824 $3660.73 $3619.86
Long term investments $198.31 $183.7 $194.65 $196.59
Property, plant & equipment $4397.28 $4072.86 $4020.18 $3858.6
Goodwill & intangible assets $94.2 $94.85 $99.08 $42.94
Total noncurrent assets $5730.32 $5758.64 $5336.44 $4944.73
Total investments $353.81 $513.22 $1248.69 $1561.2
Total assets $10365.13 $9582.65 $8997.17 $8564.6
Current liabilities
Accounts payable $207.18 $110.8 $245.83 $285.76
Deferred revenue $2005.18 $1721.77 $1547.42 $1348.38
Short long term debt $96.24 $35.41
Total current liabilities $1306.16 $1199.11 $1090.61 $1174.17
Long term debt $464.07 $464.04 $437.41 $320.38
Total noncurrent liabilities $2371.51 $2081.16 $1866.91 $1521.69
Total debt $560.31 $499.45 $437.41 $320.38
Total liabilities $3677.66 $3280.27 $2957.53 $2695.87
Shareholders' equity
Retained earnings $3971.07 $3621.83 $3353.43 $3182.85
Other shareholder equity -$174.13 -$198.97 -$186.05 -$179.98
Total shareholder equity $6687.47 $6302.38 $6039.64 $5868.73
(in millions $) 31 Dec 2023 31 Jan 2023 31 Dec 2021 31 Dec 2020
Current assets
Cash $1946.99 $1476.94 $1450.65 $1227
Short term investments $155.5 $1096.71 $375.39 $520.07
Net receivables $660.78 $354.99 $454.71 $292.46
Inventory $1086.8 $621.38 $903.81 $768.82
Total current assets $4634.81 $3791.42 $3191.24 $3014.53
Long term investments $198.31 $182.07 $244.73 $265.28
Property, plant & equipment $4397.28 $3636.33 $2866.88 $2645.68
Goodwill & intangible assets $94.2 $45.57 $59.97 $70.6
Total noncurrent assets $5730.32 $4459.81 $4222.5 $4094.4
Total investments $353.81 $1278.78 $620.12 $785.35
Total assets $10365.13 $8251.23 $7413.75 $7108.93
Current liabilities
Accounts payable $207.18 $341.41 $193.37 $183.35
Deferred revenue $2005.18 $1207.94 $201.87 $188.81
Short long term debt $96.24 $3.9 $41.54
Total current liabilities $1306.16 $1038.05 $726.88 $847.4
Long term debt $464.07 $184.35 $236 $237.69
Total noncurrent liabilities $2371.51 $1377.13 $727.32 $740.61
Total debt $560.31 $184.35 $239.9 $279.23
Total liabilities $3677.66 $2415.17 $1454.19 $1588
Shareholders' equity
Retained earnings $3971.07 $3140.29 $3184.45 $2715.76
Other shareholder equity -$174.13 -$127.04 -$96.36 -$61.73
Total shareholder equity $6687.47 $5836.06 $5959.55 $5520.93
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Revenue
Total revenue $1158.55 $801.09 $810.67 $548.29
Cost of revenue $656.52 $424.92 $500.25 $436.24
Gross Profit $502.03 $376.18 $310.42 $112.05
Operating activities
Research & development $43.86 $41.19 $36.74 $30.51
Selling, general & administrative $57.09 $50.17 $46.33 $44.03
Total operating expenses $110.8 $103.42 $142.04 $94.03
Operating income $391.23 $272.75 $168.38 $18.02
Income from continuing operations
EBIT $383.75 $294.2 $189.89 $36.42
Income tax expense $27.44 $22.07 $17.89 -$6.89
Interest expense $7.07 $3.73 $1.42 $0.75
Net income
Net income $349.24 $268.4 $170.58 $42.56
Income (for common shares) $349.24 $268.4 $170.58 $42.56
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Revenue
Total revenue $3318.6 $2619.32 $2923.38 $2711.33
Cost of revenue $2017.92 $2549.46 $2193.42 $2030.66
Gross Profit $1300.68 $69.86 $729.95 $680.67
Operating activities
Research & development $152.31 $112.8 $99.11 $93.74
Selling, general & administrative $197.62 $164.72 $170.32 $222.92
Total operating expenses $450.3 $350.61 $290.49 $363.18
Operating income $850.38 -$280.75 $439.47 $317.49
Income from continuing operations
EBIT $904.25 $20.82 $585.27 $315.1
Income tax expense $60.51 $52.76 $103.47 -$107.29
Interest expense $12.96 $12.22 $13.11 $24.04
Net income
Net income $830.78 -$44.17 $468.69 $398.36
Income (for common shares) $830.78 -$44.17 $468.69 $398.36
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Net income $349.24 $268.4 $170.58 $42.56
Operating activities
Depreciation $89.69 $77.74 $71.7 $68.86
Business acquisitions & disposals $7.68 -$0.2 -$35.54
Stock-based compensation $11.01 $8.2 $8.41 $6.6
Total cash flows from operations $561.11 $165.43 -$89.68 -$34.6
Investing activities
Capital expenditures -$346.91 -$286.21 -$382.69 -$370.96
Investments $175.12 $730.4 $319.84 -$274.27
Total cash flows from investing -$173.16 $443.99 -$98.39 -$645.23
Financing activities
Dividends paid
Sale and purchase of stock
Net borrowings $60.77 $60.39 $110.83 $136
Total cash flows from financing $60.74 $59.54 $108.89 $107.69
Effect of exchange rate $6.14 -$3.31 $0.96 $1.5
Change in cash and equivalents $454.83 $665.65 -$78.22 -$570.64
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income $830.78 -$44.17 $468.69 $398.36
Operating activities
Depreciation $307.99 $269.72 $259.9 $232.93
Business acquisitions & disposals -$28.06 $442.3 $300.5
Stock-based compensation $34.22 $28.66 $20.9 $29.27
Total cash flows from operations $602.26 $873.37 $237.56 $37.12
Investing activities
Capital expenditures -$1386.78 -$903.61 -$540.29 -$416.63
Investments $951.09 -$728.22 $147.46 $290.91
Total cash flows from investing -$472.79 -$1192.57 -$99.04 -$131.23
Financing activities
Dividends paid
Sale and purchase of stock
Net borrowings $367.98 $321.48 $56.54 -$68.67
Total cash flows from financing $336.85 $309.39 $40.55 -$82.59
Effect of exchange rate $5.29 $47.44 $3.17 $3.78
Change in cash and equivalents $471.61 $37.63 $182.24 -$172.92
News
14 Best Climate Change Stocks To Buy According to Hedge Funds
Insider Monkey via Yahoo Finance 24 Mar 2024
First Solar's (NASDAQ:FSLR) earnings growth rate lags the 24% CAGR delivered to shareholders
Simply Wall St. via Yahoo Finance 20 Mar 2024
Are You a Value Investor? This 1 Stock Could Be the Perfect Pick
Zacks via Yahoo Finance 20 Mar 2024
11 Best Energy ETFs: Top Oil, Gas and Renewable Energy Funds
Insider Monkey via Yahoo Finance 19 Mar 2024
Weekly Upgrades and Downgrades
InvestorPlace via Yahoo Finance 18 Mar 2024
15 Biggest Solar Companies in the World
Insider Monkey via Yahoo Finance 17 Mar 2024
First Solar, Inc. (FSLR) Is a Trending Stock: Facts to Know Before Betting on It
Zacks via Yahoo Finance 15 Mar 2024
Nvidia is no longer Wall Street’s favorite stock. This company is.
Market Watch 14 Mar 2024
16 Countries with Cleanest Energy in the World
Insider Monkey via Yahoo Finance 12 Mar 2024
Insider Sell: Chief Commercial Officer Georges Antoun Sells Shares of First Solar Inc (FSLR)
GuruFocus.com via Yahoo Finance 12 Mar 2024
Fundamentals
Market cap $17.89B
Enterprise value $16.50B
Shares outstanding 106.85M
Revenue $3.32B
EBITDA $1.21B
EBIT $904.25M
Net Income $830.78M
Revenue Q/Q 15.58%
Revenue Y/Y N/A
P/E ratio 21.54
EV/Sales 4.97
EV/EBITDA 13.62
EV/EBIT 18.25
P/S ratio 5.39
P/B ratio 2.61
Book/Share 64.22
Cash/Share 18.22
EPS $7.78
ROA 8.86%
ROE 13.35%
Debt/Equity 0.55
Net debt/EBITDA 1.43
Current ratio 3.55
Quick ratio 2.72