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.

Balance Sheet: Liabilities and Stockholders’ Equity

First Solar Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in thousands

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Accounts payable 341,409 193,374 183,349 218,081 233,287
Income taxes payable 29,397 4,543 14,571 17,010 20,885
Accrued property, plant and equipment 148,777 42,031 66,543 42,834 89,905
Accrued freight 77,136 61,429 26,580
Accrued compensation and benefits 47,939 34,606 51,685 65,170 41,937
Accrued inventory 44,679 42,170 25,704 39,366 53,075
Accrued other taxes 19,765 23,103 11,648
Product warranty liability 10,660 13,598 22,278 20,291 27,657
Accrued project costs 4,601 48,836 81,380 91,971 147,162
Other 29,225 22,677 24,649 91,628 81,844
Accrued expenses 382,782 288,450 310,467 351,260 441,580
Current portion of long-term debt 3,896 41,540 17,510 5,570
Deferred revenue 263,215 201,868 188,813 323,217 129,755
Accrued litigation 363,000
Liabilities held for sale 25,621
Operating lease liabilities, current 9,193 12,781 14,006 11,102
Derivative instruments 6,668 3,550 5,280 2,582 7,294
Other taxes payable 1,185 8,123 30,041 994
Other 4,199 10,293 33,710 13,452 7,086
Other current liabilities 21,245 34,747 83,037 28,130 14,380
Current liabilities 1,038,048 726,878 847,398 1,318,208 845,457
Accrued solar module collection and recycling liability 128,114 139,145 130,688 137,761 134,442
Long-term debt, noncurrent portion 184,349 236,005 237,691 454,187 461,221
Deferred revenue 944,725 95,943 44,919 71,438 48,014
Operating lease liabilities, noncurrent 40,589 145,912 189,034 112,515
Deferred tax liabilities, net 28,929 27,699 23,671 6,493 13,041
Product warranty liability 23,127 38,955 72,818 109,506 193,035
Transition tax liability 70,047 77,016
Contingent consideration 4,500 2,250
Other 27,292 43,658 41,784 134,267 134,483
Other liabilities 119,937 256,224 327,307 437,328 419,825
Noncurrent liabilities 1,377,125 727,317 740,605 1,100,714 1,063,502
Total liabilities 2,415,173 1,454,195 1,588,003 2,418,922 1,908,959
Common stock, $0.001 par value per share 107 106 106 105 105
Additional paid-in capital 2,887,476 2,871,352 2,866,786 2,849,376 2,825,211
Accumulated earnings 3,140,289 3,184,455 2,715,762 2,326,620 2,441,553
Accumulated other comprehensive loss (191,817) (96,362) (61,726) (79,334) (54,466)
Stockholders’ equity 5,836,055 5,959,551 5,520,928 5,096,767 5,212,403
Total liabilities and stockholders’ equity 8,251,228 7,413,746 7,108,931 7,515,689 7,121,362

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 liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. First Solar Inc. current liabilities decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. First Solar Inc. noncurrent liabilities decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. First Solar Inc. total liabilities decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.
Stockholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. First Solar Inc. stockholders’ equity increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.