← FIRST SOLAR, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying Value | $1.3b | $2.3b | $1.4b | $1.4b | $1.2b | $1.5b | $1.5b | $1.9b | $1.6b | $2.8b | |
| Prepaid Expense and Other Assets, Current | $217.2m | $157.9m | $243.1m | $276.5m | $251.7m | — | — | — | — | — | |
| Inventory, Net | $363.2m | $172.4m | $387.9m | $443.5m | $567.6m | $666.3m | $621.4m | $819.9m | $1.1b | $736.7m | |
| Assets, Current | $3.8b | $3.8b | $3.9b | $3.6b | $3.0b | $3.2b | $3.8b | $4.6b | $5.1b | $6.0b | |
| Property, Plant and Equipment, Net | $629.1m | $1.2b | $1.8b | $2.2b | $2.4b | $2.6b | $3.5b | $4.4b | $5.4b | $5.7b | |
| Goodwill | $14.5m | $14.5m | $14.5m | $14.5m | $14.5m | $14.5m | $14.5m | $29.7m | $28.3m | $31.1m | |
| Intangible Assets, Net (Excluding Goodwill) | $88.0m | $80.2m | $74.2m | $64.5m | $56.1m | $45.5m | $31.1m | $64.5m | $54.7m | $51.0m | |
| Operating Lease, Right-of-Use Asset | — | — | — | $145.7m | $226.7m | $207.5m | $93.2m | $84.4m | $114.3m | $161.8m | |
| Other Assets, Noncurrent | $78.1m | $83.3m | $95.7m | $249.9m | $434.1m | $438.8m | $319.8m | $478.6m | $697.8m | $759.7m | |
| Additional Financial Items | |||||||||||
| Accounts Receivable, after Allowance for Credit Loss, Current | $266.7m | $211.8m | $128.3m | $475.0m | $266.1m | $429.4m | $324.3m | $660.8m | $1.3b | $1.3b | |
| Accrued Liabilities, Current | $263.0m | $366.8m | $441.6m | $351.3m | $310.5m | $288.4m | $382.8m | $524.8m | $508.6m | $519.4m | |
| Assets | $6.9b | $6.9b | $7.1b | $7.5b | $7.1b | $7.4b | $8.3b | $10.4b | $12.1b | $13.3b | |
| LIABILITIES AND EQUITY | |||||||||||
| Current liabilities: | |||||||||||
| Operating Lease, Liability, Current | — | — | — | $11.1m | $14.0m | $12.8m | $9.2m | $10.3m | $11.8m | $15.2m | |
| Accounts Payable, Current | $148.7m | $120.2m | $233.3m | $218.1m | $183.3m | $193.4m | $341.4m | $207.2m | $482.2m | $405.8m | |
| Operating Lease, Liability, Noncurrent | — | — | — | $112.5m | $189.0m | $145.9m | $40.6m | $36.7m | $66.2m | $103.8m | |
| Long-term Debt, Excluding Current Maturities | $196.7m | $406.4m | $479.2m | $482.9m | $237.7m | $236.0m | $184.3m | $464.1m | $373.4m | $282.6m | |
| Deferred Revenue, Current | $308.7m | $81.8m | $129.8m | $323.2m | $188.8m | $201.9m | $263.2m | $413.6m | $712.0m | $1.0b | |
| Deferred Revenue, Noncurrent | $308.7m | $63.3m | $48.0m | $71.4m | $44.9m | $95.9m | $944.7m | $1.6b | $1.3b | $805.0m | |
| Long-term Debt, Current Maturities | — | — | — | — | $41.5m | $3.9m | $0 | — | — | — | |
| Liabilities, Current | $899.7m | $650.3m | $845.5m | $1.3b | $847.4m | $726.9m | $1.0b | $1.3b | $2.1b | $2.3b | |
| Deferred Income Tax Liabilities, Net | — | — | — | — | $23.7m | $27.7m | $28.9m | $42.8m | $54.7m | $69.7m | |
| Other Liabilities, Noncurrent | $428.1m | $568.5m | $467.8m | $508.8m | $372.2m | $352.2m | $119.9m | $180.7m | $233.8m | $295.6m | |
| Deferred Tax Liabilities, Net | $65.7m | $75.7m | $20.5m | $106.0m | $146.3m | $139.3m | $169.8m | — | — | — | |
| Liabilities | $1.7b | $1.8b | $1.9b | $2.4b | $1.6b | $1.5b | $2.4b | $3.7b | $4.1b | $3.8b | |
| Stockholders’ equity: | |||||||||||
| Common Stock, Value, Issued | $104k | $104k | $105k | $105k | $106k | $106k | $107k | $107k | $107k | $107k | |
| Retained Earnings (Accumulated Deficit) | $2.5b | $2.3b | $2.4b | $2.3b | $2.7b | $3.2b | $3.1b | $4.0b | $5.3b | $6.8b | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | ($9.9m) | $2.3m | ($54.5m) | ($79.3m) | ($61.7m) | ($96.4m) | ($191.8m) | ($174.1m) | ($184.1m) | ($155.5m) | |
| Additional Paid in Capital, Common Stock | $2.8b | $2.8b | $2.8b | $2.8b | $2.9b | $2.9b | $2.9b | $2.9b | $2.9b | $2.9b | |
| Stockholders' Equity Attributable to Parent | $5.2b | $5.1b | $5.2b | $5.1b | $5.5b | $6.0b | $5.8b | $6.7b | $8.0b | $9.5b | |
| Liabilities and Equity | $6.9b | $6.9b | $7.1b | $7.5b | $7.1b | $7.4b | $8.3b | $10.4b | $12.1b | $13.3b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.