First Solar Q3 2024: $1.09B Sales, $500M Debt

Ticker: FSLR · Form: 10-Q · Filed: 2024-10-29T00:00:00.000Z

Sentiment: neutral

Topics: earnings, debt, solar-energy, financials

Related Tickers: FSLR

TL;DR

First Solar Q3 sales hit $464M, year-to-date $1.09B. Carrying $500M in debt.

AI Summary

First Solar, Inc. filed its 10-Q for the period ending September 30, 2024. The company reported significant financial figures, including $1,087 million in net sales for the nine months ended September 30, 2024, and $464 million in net sales for the third quarter of 2024. They also disclosed $500,000,000 in long-term debt.

Why It Matters

This filing provides insight into First Solar's financial performance and debt obligations, crucial for investors assessing the company's stability and growth prospects in the renewable energy sector.

Risk Assessment

Risk Level: medium — The company has a substantial amount of long-term debt ($500,000,000), which can impact its financial flexibility and profitability.

Key Numbers

$1,087M — Net Sales (9 months ended Sep 30, 2024) (Represents total revenue generated over the first nine months of the fiscal year.)
$464M — Net Sales (Q3 2024) (Indicates revenue performance for the most recent quarter.)
$500,000,000 — Long-term Debt (Shows the company's significant financial leverage.)

Key Players & Entities

First Solar, Inc. (company) — Filer of the 10-Q
September 30, 2024 (date) — End of reporting period
$1,087 million (dollar_amount) — Net sales for the nine months ended September 30, 2024
$464 million (dollar_amount) — Net sales for the third quarter of 2024
$500,000,000 (dollar_amount) — Long-term debt

FAQ

What were First Solar's total net sales for the nine months ended September 30, 2024?

First Solar reported $1,087 million in net sales for the nine months ended September 30, 2024.

How much net sales did First Solar generate in the third quarter of 2024?

For the third quarter of 2024, First Solar reported $464 million in net sales.

What is the amount of First Solar's long-term debt as of September 30, 2024?

First Solar has $500,000,000 in long-term debt.

What is the company's fiscal year end?

First Solar's fiscal year ends on December 31.

What is the filing date of this 10-Q report?

This 10-Q report was filed on October 29, 2024.

From the Filing

0001274494-24-000038.txt : 20241029 0001274494-24-000038.hdr.sgml : 20241029 20241029161324 ACCESSION NUMBER: 0001274494-24-000038 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 83 CONFORMED PERIOD OF REPORT: 20240930 FILED AS OF DATE: 20241029 DATE AS OF CHANGE: 20241029 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: 241405871 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-20240930.htm FORM 10-Q fslr-20240930 0001274494 FALSE 2024 Q3 12/31 464 340 321 23 — 214 131 1,087 0.001 0.001 500,000,000 500,000,000 107,057,732 106,847,475 107,057,732 106,847,475 http://fasb.org/us-gaap/2024#PropertyPlantAndEquipmentNet http://fasb.org/us-gaap/2024#PropertyPlantAndEquipmentNet http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent http://fasb.org/us-gaap/2024#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2024#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2024#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2024#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2024#ResearchAndDevelopmentExpense http://fasb.org/us-gaap/2024#ResearchAndDevelopmentExpense http://fasb.org/us-gaap/2024#ResearchAndDevelopmentExpense http://fasb.org/us-gaap/2024#ResearchAndDevelopmentExpense http://www.firstsolar.com/20240930#ProductionStartUpExpense http://www.firstsolar.com/20240930#ProductionStartUpExpense http://www.firstsolar.com/20240930#ProductionStartUpExpense http://www.firstsolar.com/20240930#ProductionStartUpExpense http://fasb.org/us-gaap/2024#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2024#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2024#ForeignCurrencyTransactionGainLossBeforeTax http://fasb.org/us-gaap/2024#ForeignCurrencyTransactionGainLossBeforeTax http://fasb.org/us-gaap/2024#ForeignCurrencyTransactionGainLossBeforeTax http://fasb.org/us-gaap/2024#ForeignCurrencyTransactionGainLossBeforeTax http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent http://fasb.org/us-gaap/2024#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2024#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent http://fasb.org/us-gaap/2024#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2024#OtherLiabilitiesCurrent http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent xbrli:shares iso4217:USD iso4217:USD xbrli:shares iso4217:CAD iso4217:EUR iso4217:INR iso4217:JPY iso4217:MYR iso4217:MXN iso4217:SGD iso4217:CLP xbrli:pure 0001274494 2024-01-01 2024-09-30 0001274494 2024-10-25 0001274494 2024-07-01 2024-09-30 0001274494 2023-07-01 2023-09-30 0001274494 2023-01-01 2023-09-30 0001274494 2024-09-30 0001274494 2023-12-31 0001274494 us-gaap:CommonStockMember 2024-06-30 0001274494 us-gaap:AdditionalPaidInCapitalMember 2024-06-30 0001274494 us-gaap:RetainedEarningsMember 2024-06-30 0001274494 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-06-30 0001274494 2024-06-30 0001274494 us-gaap:RetainedEarningsMember 2024-07-01 2024-09-30 0001274494 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-07-01 2024-09-30 0001274494 us-gaap:CommonStockMember 2024-07-01 2024-09-30 0001274494 us-gaap:Additiona