Stock Analysis on Net
Stock Analysis on Net

First Solar Inc. (NASDAQ:FSLR)

This company has been moved to the archive! The financial data has not been updated since April 27, 2023.

Common-Size Balance Sheet: Assets

First Solar Inc., common-size consolidated balance sheet: assets

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Cash and cash equivalents 17.95 19.57 17.26 18.00 19.71
Marketable securities 13.29 5.06 7.32 10.80 16.06
Accounts receivable trade, net 3.93 5.79 3.74 6.32 1.80
Accounts receivable unbilled, net 0.37 0.34 0.37 2.44 6.43
Inventories 7.53 8.99 7.98 5.90 5.45
Project assets 0.00 0.00 0.00 0.05 0.53
Assets held for sale 0.00 0.00 2.19 0.00 0.00
Spare maintenance materials and parts 1.39 1.51 1.39 0.00 0.00
Operating supplies 0.58 0.55 0.50 0.00 0.00
Prepaid expenses 0.52 0.38 0.37 1.84 1.28
Prepaid income taxes 0.10 0.56 1.00 0.64 0.83
Restricted cash 0.04 0.02 0.02 0.18 0.28
Derivative instruments 0.02 0.08 0.05 0.02 0.03
Notes receivable, net 0.00 0.00 0.00 0.32 0.07
Other 0.22 0.19 0.21 1.40 1.72
Other current assets 2.87% 3.29% 3.54% 4.39% 4.21%
Current assets 45.95% 43.04% 42.40% 47.90% 54.20%
Property, plant and equipment, net 42.87 35.74 33.79 29.02 24.66
PV solar power systems, net 0.08 2.93 3.42 6.35 4.33
Project assets 0.36 4.26 5.25 4.44 6.47
Deferred tax assets, net 0.95 0.80 1.46 1.74 1.09
Restricted marketable securities 2.21 3.30 3.73 2.98 2.51
Goodwill 0.18 0.20 0.20 0.19 0.20
Intangible assets, net 0.38 0.61 0.79 0.86 1.04
Inventories 3.16 3.20 2.83 2.14 1.83
Notes receivable, affiliate 0.00 0.00 0.00 0.00 0.32
Operating lease assets 1.13 2.80 3.19 1.94 0.00
Advanced payments for raw materials 1.11 1.17 1.38 0.80 0.00
Income tax receivables 0.69 0.54 0.00 0.05 0.06
Accounts receivable unbilled, net 0.14 0.28 0.32 0.00 0.00
Restricted cash equivalents 0.08 0.00 0.00 0.00 0.00
Restricted cash 0.03 0.05 0.63 1.07 1.96
Accounts receivable trade, net 0.02 0.29 0.00 0.00 0.00
Indirect tax receivables 0.00 0.30 0.21 0.13 0.32
Deferred rent 0.00 0.00 0.00 0.00 0.38
Other 0.68 0.50 0.38 0.41 0.63
Other assets 3.88% 5.92% 6.11% 4.39% 3.35%
Noncurrent assets 54.05% 56.96% 57.60% 52.10% 45.80%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. First Solar Inc. current assets as a percentage of total assets increased from 2020 to 2021 and from 2021 to 2022.
Property, plant and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. First Solar Inc. property, plant and equipment, net as a percentage of total assets increased from 2020 to 2021 and from 2021 to 2022.
Noncurrent assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. First Solar Inc. noncurrent assets as a percentage of total assets decreased from 2020 to 2021 and from 2021 to 2022.