First Solar (FSLR) Financials

The income statement of First Solar Inc (FSLR) provides a detailed overview of the company's financial performance. In the most recent fiscal year, First Solar reported total revenue of $2.24 billion. This represents a decrease of 3.7% compared to the previous year. The gross profit for the year was $501 million, resulting in a gross profit margin of 22.4%. The company's operating expenses, including research and development costs, sales and marketing expenses, and general and administrative expenses, totaled $374 million. As a result, First Solar recorded an operating income, or EBIT, of $127 million. After considering interest expenses and taxes, the company's net income from stockholders amounted to $92 million.

First Solar's balance sheet reveals the financial position of the company at a specific point in time. The company's total assets were valued at $5.68 billion, with property, plant, and equipment being the largest component. First Solar reported total liabilities of $3.39 billion, including both short-term and long-term debt. The stockholders' equity, or net worth, of the company was $2.29 billion. First Solar had cash equivalents of $943 million, which includes highly liquid investments that can be easily converted into cash. The company's net debt, calculated by subtracting cash and cash equivalents from total debt, was $1.95 billion.

In terms of cash flow, First Solar generated $317 million from its operating activities during the year. This represents the cash generated from the company's core business operations, such as the sales of solar modules and project development. The company also had cash outflows of $99 million for its investing activities, which includes capital expenditures for new equipment and acquisitions. First Solar's financing activities resulted in a net cash outflow of $195 million, primarily due to debt repayments. Therefore, the company's free cash flow, calculated by subtracting capital expenditures from operating cash flow, was $218 million.