Stock Analysis on Net
Stock Analysis on Net

First Solar Inc. (NASDAQ:FSLR)

$22.49

This company has been moved to the archive! The financial data has not been updated since October 29, 2024.

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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First Solar Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in thousands

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 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
Accounts payable
Income taxes payable
Accrued expenses
Current portion of debt
Deferred revenue
Liabilities held for sale
Other current liabilities
Current liabilities
Accrued solar module collection and recycling liability
Long-term debt, noncurrent portion
Deferred revenue
Other liabilities
Noncurrent liabilities
Total liabilities
Common stock, $0.001 par value per share
Additional paid-in capital
Accumulated earnings
Accumulated other comprehensive loss
Stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 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).

Accounts payable
Accounts payable demonstrate volatility across the observed periods. After a general decline from early 2019 through mid-2020, there is notable fluctuation, with a pronounced peak in December 2022 followed by a significant drop in March 2023 and a subsequent recovery by the end of the period.
Income taxes payable
Income taxes payable show irregular patterns with marked spikes in certain quarters, such as in September 2020 and March 2023. This reflects potentially variable tax obligations or timing differences in tax payments.
Accrued expenses
Accrued expenses initially decline from early 2019 into 2020 but then rise sharply toward the end of 2022, followed by high volatility in 2023. Notably, there is a peak in December 2022 exceeding prior quarters, indicating an increase in accrued liabilities during that time.
Current portion of debt
The current portion of debt displays a declining trend from early 2019, hitting very low levels in some quarters of 2021 and 2022. However, there is a steep increase starting in September 2023 culminating in a pronounced peak in October 2024, suggesting increased short-term debt obligations in the latter periods.
Deferred revenue (current and noncurrent)
Current deferred revenue remains somewhat stable with moderate growth through 2021, but from early 2022 it increases markedly, reaching record highs in 2024. Noncurrent deferred revenue, reported only from late 2022 onward, demonstrates rapid growth, indicating increasing future obligations or customer prepayments persisting over longer durations.
Liabilities held for sale
Liabilities held for sale appear only temporarily in mid to late 2020, implying a period where certain liabilities were classified for disposal but are absent in other periods.
Other current liabilities
Other current liabilities fluctuate moderately throughout the period with a significant spike in December 2019. Another increase is observed in mid-2023 showing temporary elevation in miscellaneous current liabilities.
Current liabilities
Current liabilities exhibit a general upward trend, with a substantial peak in December 2019 followed by a decrease through 2021. Starting in 2022, current liabilities rise sharply, reaching the highest recorded levels in early 2024, driven by increases in several current liability components, reflecting growing short-term obligations.
Accrued solar module collection and recycling liability
This liability remains relatively stable over the entire period, fluctuating within a narrow range. The stability suggests steady compliance with regulatory or environmental obligations associated with solar module recycling.
Long-term debt, noncurrent portion
Long-term debt shows an overall decrease from early 2019 through mid-2020, followed by an increase peaking around late 2023. The pattern indicates restructuring or refinancing activities with rising long-term obligations in recent periods.
Other liabilities
Other liabilities decrease steadily from early 2019 to late 2020, then increase sharply in late 2022 and 2023, suggesting changes in long-term obligations or contingencies.
Noncurrent liabilities
Noncurrent liabilities generally decline from early 2019 to early 2021, followed by a notable increase reaching peak values by late 2023. This trend points to growing long-term financial obligations in recent years.
Total liabilities
Total liabilities contract from early 2019 through 2020 but then increase steadily, reaching the highest values at the end of the period in 2024. This rise is driven by growth in both current and noncurrent liabilities.
Common stock
Common stock remains essentially constant over the entire period, indicating no significant issuance or repurchase of stock shares.
Additional paid-in capital
Additional paid-in capital shows a gradual but steady increase over time, reflecting incremental equity financing or stock-based compensation.
Accumulated earnings
Accumulated earnings display consistent growth throughout the period, rising substantially, which suggests sustained profitability and retention of earnings.
Accumulated other comprehensive loss
Accumulated other comprehensive loss increases in magnitude (i.e., the loss deepens) over most periods, peaking around late 2022 and exhibiting some improvement thereafter, indicating fluctuations in unrealized losses or other comprehensive income components.
Stockholders’ equity
Stockholders’ equity increases steadily over the period, reflecting overall growth in net assets attributable to shareholders despite fluctuations in other comprehensive loss. The equity growth aligns with increases in accumulated earnings and additional paid-in capital.
Total liabilities and stockholders’ equity
The total of liabilities and stockholders’ equity generally trends upwards from 2019 to 2024, indicating expansion in the company's balance sheet size driven by rising liabilities and equity.