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Below are the financial statements of First Solar, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
Below are the financial statements of First Solar, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 as of 2024-12-31 | 2023 as of 2023-12-31 |
|---|---|---|
| Assets | — | — |
| Current assets | — | — |
| Cash and cash equivalents | 1,621.38a | 1,946.99a |
| Marketable securities | 171.58a | 155.5a |
| Accounts receivable trade, net | 1,261.05a | 660.78a |
| Government grants receivable, net | 403.76a | 659.75a |
| Inventories | 1,084.38a | 819.9a |
| Other current assets | 546.88a | 391.9a |
| Total current assets | 5,089.03a | 4,634.81a |
| Property, plant and equipment, net | 5,413.68a | 4,397.29a |
| Deferred tax assets, net | 208.81a | 142.82a |
| Restricted marketable securities | 199.14a | 198.31a |
| Government grants receivable | 157.57a | 152.21a |
| Goodwill | 28.34a | 29.69a |
| Intangible assets, net | 54.65a | 64.51a |
| Inventories | 275.37a | 266.9a |
| Other assets | 697.77a | 478.6a |
| Total assets | 12,124.36a | 10,365.13a |
| Liabilities and stockholders’ equity | — | — |
| Current liabilities | — | — |
| Accounts payable | 482.19a | 207.18a |
| Income taxes payable | 77.36a | 22.13a |
| Accrued expenses | 508.58a | 524.83a |
| Current portion of debt | 236.42a | 96.24a |
| Deferred revenue | 712a | 413.58a |
| Other current liabilities | 60.88a | 42.2a |
| Total current liabilities | 2,077.44a | 1,306.16a |
| Accrued solar module collection and recycling liability | 134.39a | 135.12a |
| Long-term debt | 373.35a | 464.07a |
| Deferred revenue | 1,327.83a | 1,591.6a |
| Other liabilities | 233.77a | 180.71a |
| Total liabilities | 4,146.78a | 3,677.66a |
| Stockholders’ equity | — | — |
| Common stock | 0.11a | 0.11a |
| Additional paid-in capital | 2,898.42a | 2,890.43a |
| Accumulated earnings | 5,263.11a | 3,971.07a |
| Accumulated other comprehensive loss | -184.06a | -174.13a |
| Total stockholders’ equity | 7,977.58a | 6,687.47a |
| Total liabilities and stockholders’ equity | 12,124.36a | 10,365.13a |
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