FSLR
Income statement / Annual
Last year (2023), First Solar, Inc.'s total revenue was $3.32 B,
an increase of 26.70% from the previous year.
In 2023, First Solar, Inc.'s net income was $830.78 M.
See First Solar, Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$3.32 B
|
$2.62 B
|
$2.92 B
|
$2.71 B
|
$3.06 B
|
$2.24 B
|
$2.94 B
|
$2.95 B
|
$3.58 B
|
$3.39 B
|
| Cost of Revenue |
$2.02 B |
$2.55 B |
$2.19 B |
$2.03 B |
$2.51 B |
$1.85 B |
$2.39 B |
$2.25 B |
$2.66 B |
$2.56 B |
| Gross Profit |
$1.30 B |
$69.86 M |
$729.95 M |
$680.67 M |
$549.21 M |
$392.18 M |
$548.95 M |
$703.98 M |
$919.27 M |
$827.11 M |
| Gross Profit Ratio |
0.39 |
0.03 |
0.25 |
0.25 |
0.18 |
0.17 |
0.19 |
0.24 |
0.26 |
0.24 |
| Research and Development
Expenses |
$152.31 M
|
$112.80 M
|
$99.12 M
|
$93.74 M
|
$96.61 M
|
$84.47 M
|
$88.57 M
|
$124.76 M
|
$130.59 M
|
$143.97 M
|
| General & Administrative
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling & Marketing
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General &
Administrative Expenses |
$197.62 M
|
$164.72 M
|
$170.32 M
|
$222.92 M
|
$205.47 M
|
$176.86 M
|
$202.70 M
|
$261.99 M
|
$255.19 M
|
$253.83 M
|
| Other Expenses |
$93.48 M |
$73.08 M |
$21.05 M |
$40.53 M |
$45.92 M |
$39.74 M |
$23.97 M |
$40.25 M |
-$5.50 M |
-$5.20 M |
| Operating Expenses |
$443.41 M |
$350.61 M |
$290.49 M |
$357.18 M |
$348.00 M |
$352.06 M |
$333.92 M |
$387.78 M |
$402.60 M |
$402.94 M |
| Cost And Expenses |
$2.46 B |
$2.90 B |
$2.48 B |
$2.39 B |
$2.86 B |
$2.20 B |
$2.73 B |
$2.64 B |
$3.06 B |
$2.97 B |
| Interest Income |
$97.67 M |
$33.28 M |
$6.18 M |
$16.56 M |
$48.89 M |
$59.79 M |
$35.70 M |
$25.19 M |
$22.52 M |
$16.05 M |
| Interest Expense |
$12.97 M |
$12.23 M |
$13.11 M |
$24.04 M |
$27.07 M |
$25.92 M |
$25.77 M |
$20.54 M |
$6.98 M |
$16.05 M |
| Depreciation &
Amortization |
$307.99 M
|
$269.72 M
|
$259.90 M
|
$232.93 M
|
$205.30 M
|
$134.30 M
|
$119.50 M
|
$230.94 M
|
$257.83 M
|
$245.80 M
|
| EBITDA |
$1.21 B
|
$46.78 M
|
$699.37 M
|
$573.81 M
|
$103.71 M
|
$264.73 M
|
$341.45 M
|
-$286.79 M
|
$987.98 M
|
$667.80 M
|
| EBITDA Ratio |
0.37 |
0.02 |
0.15 |
0.12 |
0.09 |
0.06 |
0.09 |
0.13 |
0.15 |
0.13 |
| Operating Income Ratio
|
0.26
|
-0.08
|
0.06
|
0.04
|
0.02
|
0.02
|
0.06
|
-0.17
|
0.14
|
0.13
|
| Total Other
Income/Expenses Net |
$34.02 M
|
$35.83 M
|
-$14.59 M
|
-$24.30 M
|
$41.66 M
|
$73.03 M
|
$24.26 M
|
$109.65 M
|
$3.17 M
|
$7.83 M
|
| Income Before Tax |
$891.29 M |
$8.60 M |
$572.16 M |
$293.19 M |
-$120.13 M |
$113.15 M |
$202.12 M |
-$471.69 M |
$519.84 M |
$431.99 M |
| Income Before Tax Ratio
|
0.27
|
0
|
0.2
|
0.11
|
-0.04
|
0.05
|
0.07
|
-0.16
|
0.15
|
0.13
|
| Income Tax Expense |
$60.51 M |
$52.76 M |
$103.47 M |
-$107.29 M |
-$5.48 M |
$3.44 M |
$372.00 M |
$58.22 M |
-$6.16 M |
$30.12 M |
| Net Income |
$830.78 M |
-$44.17 M |
$468.69 M |
$398.36 M |
-$114.65 M |
$144.33 M |
-$165.62 M |
-$357.96 M |
$546.42 M |
$396.92 M |
| Net Income Ratio |
0.25 |
-0.02 |
0.16 |
0.15 |
-0.04 |
0.06 |
-0.06 |
-0.12 |
0.15 |
0.12 |
| EPS |
7.78 |
-0.41 |
4.41 |
3.76 |
-1.09 |
1.38 |
-1.59 |
-3.48 |
5.42 |
3.97 |
| EPS Diluted |
7.74 |
-0.41 |
4.38 |
3.73 |
-1.09 |
1.36 |
-1.59 |
-3.48 |
5.37 |
3.91 |
| Weighted Average Shares
Out |
$106.80 M
|
$106.55 M
|
$106.26 M
|
$105.87 M
|
$105.31 M
|
$104.75 M
|
$104.16 M
|
$102.74 M
|
$100.89 M
|
$100.05 M
|
| Weighted Average Shares
Out Diluted |
$107.37 M
|
$106.55 M
|
$106.92 M
|
$106.69 M
|
$105.31 M
|
$106.11 M
|
$104.33 M
|
$102.87 M
|
$101.82 M
|
$101.64 M
|
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