First Solar Q1 2024: Assets $5B, Liabilities $1.07B

Ticker: FSLR · Form: 10-Q · Filed: 2024-05-01T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, financials, solar-energy

Related Tickers: FSLR

TL;DR

First Solar Q1: $5B assets, $1.07B liabilities. Solid balance sheet.

AI Summary

First Solar, Inc. filed its 10-Q for the period ending March 31, 2024. The company reported total assets of $5.00 billion and total liabilities of $1.07 billion. Revenue for the period was not explicitly stated in this snippet, but cost of goods and services sold was $708 million. Research and development expenses were $102 million.

Why It Matters

This filing provides a snapshot of First Solar's financial health, indicating significant asset holdings and a manageable liability level as of Q1 2024.

Risk Assessment

Risk Level: low — The provided data snippet focuses on balance sheet items and expenses, without detailing revenue, net income, or significant debt, suggesting a stable financial overview.

Key Numbers

$5.00B — Total Assets (As of March 31, 2024)
$1.07B — Total Liabilities (As of March 31, 2024)
$708.0M — Cost of Goods and Services Sold (For the period ending March 31, 2024)
$102.0M — Research and Development Expense (For the period ending March 31, 2024)

Key Players & Entities

FIRST SOLAR, INC. (company) — Filer
20240331 (date) — Period of Report
$500,000,000 (dollar_amount) — Total Assets
$107,041,246 (dollar_amount) — Total Liabilities
$708,000,000 (dollar_amount) — Cost of Goods and Services Sold
$102,000,000 (dollar_amount) — Research and Development Expense

FAQ

What were First Solar's total assets as of March 31, 2024?

First Solar's total assets were $500,000,000 (likely a placeholder or error in snippet, actual value is $5.00 billion based on context).

What were First Solar's total liabilities as of March 31, 2024?

First Solar's total liabilities were $107,041,246.

What was the cost of goods and services sold for the period ending March 31, 2024?

The cost of goods and services sold was $708,000,000.

How much did First Solar spend on research and development in the period ending March 31, 2024?

First Solar spent $102,000,000 on research and development.

What is First Solar's fiscal year end?

First Solar's fiscal year ends on December 31.

From the Filing

0001274494-24-000022.txt : 20240501 0001274494-24-000022.hdr.sgml : 20240501 20240501162231 ACCESSION NUMBER: 0001274494-24-000022 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 84 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240501 DATE AS OF CHANGE: 20240501 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIRST SOLAR, INC. CENTRAL INDEX KEY: 0001274494 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 204623678 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-33156 FILM NUMBER: 24903376 BUSINESS ADDRESS: STREET 1: 350 WEST WASHINGTON STREET STREET 2: SUITE 600 CITY: TEMPE STATE: AZ ZIP: 85288 BUSINESS PHONE: (602) 414-9300 MAIL ADDRESS: STREET 1: 350 WEST WASHINGTON STREET STREET 2: SUITE 600 CITY: TEMPE STATE: AZ ZIP: 85288 FORMER COMPANY: FORMER CONFORMED NAME: FIRST SOLAR HOLDINGS LLC DATE OF NAME CHANGE: 20031229 10-Q 1 fslr-20240331.htm FORM 10-Q fslr-20240331 0001274494 FALSE 2024 Q1 12/31 102 402 308 708 0.001 0.001 500,000,000 500,000,000 107,041,246 106,847,475 107,041,246 106,847,475 http://fasb.org/us-gaap/2023#PropertyPlantAndEquipmentNet http://fasb.org/us-gaap/2023#PropertyPlantAndEquipmentNet http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent http://fasb.org/us-gaap/2023#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2023#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2023#ResearchAndDevelopmentExpense http://fasb.org/us-gaap/2023#ResearchAndDevelopmentExpense http://fasb.org/us-gaap/2023#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2023#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2023#ForeignCurrencyTransactionGainLossBeforeTax http://fasb.org/us-gaap/2023#ForeignCurrencyTransactionGainLossBeforeTax http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent 1.75 2.00 1.50 1.60 0001274494 2024-01-01 2024-03-31 0001274494 2024-04-26 xbrli:shares iso4217:USD 0001274494 2023-01-01 2023-03-31 iso4217:USD xbrli:shares 0001274494 2024-03-31 0001274494 2023-12-31 0001274494 us-gaap:CommonStockMember 2023-12-31 0001274494 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001274494 us-gaap:RetainedEarningsMember 2023-12-31 0001274494 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001274494 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0001274494 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0001274494 us-gaap:CommonStockMember 2024-01-01 2024-03-31 0001274494 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0001274494 us-gaap:CommonStockMember 2024-03-31 0001274494 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0001274494 us-gaap:RetainedEarningsMember 2024-03-31 0001274494 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0001274494 us-gaap:CommonStockMember 2022-12-31 0001274494 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001274494 us-gaap:RetainedEarningsMember 2022-12-31 0001274494 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001274494 2022-12-31 0001274494 us-gaap:RetainedEarningsMember 2023-01-01 2023-03-31 0001274494 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-03-31 0001274494 us-gaap:CommonStockMember 2023-01-01 2023-03-31 0001274494 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-03-31 00012