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 Income Statement
Quarterly Data

First Solar Inc., common-size consolidated income statement (quarterly data)

Microsoft Excel
3 months ended: Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Net sales 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Cost of sales -79.56 -93.95 -96.66 -103.74 -96.88 -72.83 -78.65 -72.33 -77.00 -73.76 -68.41 -78.60 -83.02 -76.16 -74.70 -86.81 -99.98 -85.78 -80.90 -102.61 -69.54
Gross profit (loss) 20.44% 6.05% 3.34% -3.74% 3.12% 27.17% 21.35% 27.67% 23.00% 26.24% 31.59% 21.40% 16.98% 23.84% 25.30% 13.19% 0.02% 14.22% 19.10% -2.61% 30.46%
Selling, general and administrative -8.03 -4.26 -7.37 -6.26 -10.01 -4.23 -7.45 -5.78 -6.48 -10.29 -5.38 -8.06 -11.01 -3.98 -9.79 -8.71 -8.53 -7.43 -4.96 -16.44 -7.25
Research and development -5.56 -3.12 -4.64 -4.06 -7.39 -3.29 -4.36 -3.80 -2.47 -3.72 -2.48 -3.50 -4.81 -1.82 -4.56 -4.17 -4.11 -3.09 -3.31 -6.59 -3.58
Production start-up -3.56 -3.27 -3.14 -2.13 -2.00 -0.56 -0.50 -0.27 -1.41 -2.74 -1.40 -0.98 -0.84 -0.53 -3.40 -1.78 -1.79 -2.11 -2.18 -7.87 -6.54
Litigation loss 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.93 0.00 -25.94 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating expenses -17.15% -10.65% -15.16% -12.46% -19.39% -8.08% -12.31% -9.85% -10.37% -16.76% -9.26% -13.47% -16.67% -32.26% -17.75% -14.66% -14.43% -12.63% -10.45% -30.90% -17.37%
Gain on sales of businesses, net 0.00 0.02 0.95 39.52 0.52 0.00 -0.32 -0.28 18.78 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating income (loss) 3.28% -4.58% -10.87% 23.32% -15.75% 19.08% 8.72% 17.54% 31.41% 9.48% 22.33% 7.92% 0.31% -8.42% 7.55% -1.47% -14.41% 1.59% 8.65% -33.50% 13.09%
Foreign currency income (loss), net -1.08 -0.44 -0.77 -0.48 -1.14 -0.37 -0.17 -0.16 -0.32 -0.22 -0.20 -0.20 -0.07 -0.06 0.22 0.30 0.03 0.28 -0.35 0.78 -0.44
Interest income 4.71 1.83 1.55 0.46 0.63 0.24 0.30 0.20 0.12 0.24 0.23 0.57 1.75 0.69 2.09 2.31 2.68 2.12 2.43 5.45 2.08
Interest expense, net -0.14 -0.31 -0.48 -0.52 -0.78 -0.28 -0.51 -0.73 -0.37 -0.50 -1.18 -0.51 -1.28 -0.22 -0.91 -1.53 -1.90 -1.66 -0.47 -1.96 -0.91
Other income (expense), net -0.27 2.84 0.76 -0.30 -0.06 -0.25 -0.45 -0.52 1.05 -0.54 -0.35 -0.50 -0.42 1.56 -0.62 -0.76 0.66 4.64 -0.88 -1.40 3.16
Income (loss) before taxes and equity in earnings (losses) 6.51% -0.66% -9.81% 22.48% -17.10% 18.42% 7.89% 16.34% 31.89% 8.47% 20.83% 7.29% 0.30% -6.45% 8.34% -1.15% -12.94% 6.97% 9.37% -30.63% 16.98%
Income tax (expense) benefit 1.26 -0.10 1.99 -13.50 5.31 -3.95 -0.14 -3.23 -5.79 10.90 -4.11 -1.59 16.77 2.21 -2.75 -2.01 0.26 0.64 -0.35 1.99 -2.05
Equity in earnings (losses), net of tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.37 -0.01 0.05 -0.02 -0.01 0.01 -0.02 -0.03 -0.07 -0.48 12.96 -0.31
Net income (loss) 7.76% -0.75% -7.82% 8.99% -11.78% 14.48% 7.75% 13.10% 26.10% 18.99% 16.71% 5.75% 17.05% -4.25% 5.60% -3.17% -12.71% 7.54% 8.54% -15.68% 14.62%

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Income statement item Description The company
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. First Solar Inc. operating income (loss) as a percentage of net sales increased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.
Net income (loss) The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. First Solar Inc. net income (loss) as a percentage of net sales increased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.