2010 Q2 Form 10-Q Financial Statement

#000127449410000029 Filed on August 02, 2010

View on sec.gov

Income Statement

Concept 2010 Q2 2009 Q2
Revenue $587.9M $525.9M
YoY Change 11.79% 96.96%
Cost Of Revenue $303.7M $227.8M
YoY Change 33.31% 86.25%
Gross Profit $284.2M $298.1M
YoY Change -4.66% 106.01%
Gross Profit Margin 48.34% 56.69%
Selling, General & Admin $78.60M $72.93M
YoY Change 7.78% 51.3%
% of Gross Profit 27.66% 24.46%
Research & Development $22.84M $18.61M
YoY Change 22.74% 141.62%
% of Gross Profit 8.04% 6.24%
Depreciation & Amortization $38.60M $30.00M
YoY Change 28.67% 134.38%
% of Gross Profit 13.58% 10.06%
Operating Expenses $103.7M $94.06M
YoY Change 10.28% 67.96%
Operating Profit $180.5M $204.0M
YoY Change -11.55% 130.03%
Interest Expense $6.000K $3.827M
YoY Change -99.84% -31.66%
% of Operating Profit 0.0% 1.88%
Other Income/Expense, Net -$439.0K -$1.103M
YoY Change -60.2% 175.75%
Pretax Income $180.4M $201.3M
YoY Change -10.36% 114.37%
Income Tax $21.40M $20.72M
% Of Pretax Income 11.86% 10.29%
Net Earnings $159.0M $180.6M
YoY Change -11.93% 159.08%
Net Earnings / Revenue 27.05% 34.34%
Basic Earnings Per Share $1.87 $2.16
Diluted Earnings Per Share $1.84 $2.11
COMMON SHARES
Basic Shares Outstanding 84.85M shares 83.72M shares
Diluted Shares Outstanding 86.40M shares 85.67M shares

Balance Sheet

Concept 2010 Q2 2009 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $796.5M $589.9M
YoY Change 35.02% -6.81%
Cash & Equivalents $510.5M $429.2M
Short-Term Investments $286.0M $160.7M
Other Short-Term Assets $43.69M $114.3M
YoY Change -61.78% 139.12%
Inventory $194.3M $162.5M
Prepaid Expenses $31.73M
Receivables $256.3M $351.3M
Other Receivables $0.00 $26.50M
Total Short-Term Assets $1.616B $1.245B
YoY Change 29.84% 48.4%
LONG-TERM ASSETS
Property, Plant & Equipment $1.095B $911.9M
YoY Change 20.07% 35.24%
Goodwill $286.5M $295.0M
YoY Change -2.86%
Intangibles
YoY Change
Long-Term Investments $189.0M $163.2M
YoY Change 15.81% 478.72%
Other Assets $35.44M $295.6M
YoY Change -88.01% 194.72%
Total Long-Term Assets $2.015B $1.666B
YoY Change 21.0% 99.12%
TOTAL ASSETS
Total Short-Term Assets $1.616B $1.245B
Total Long-Term Assets $2.015B $1.666B
Total Assets $3.631B $2.910B
YoY Change 24.78% 73.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $68.27M $55.60M
YoY Change 22.78% 30.82%
Accrued Expenses $183.9M $111.4M
YoY Change 65.07% 1.55%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $24.50M $76.60M
YoY Change -68.02% 211.38%
Total Short-Term Liabilities $325.2M $366.1M
YoY Change -11.17% 31.12%
LONG-TERM LIABILITIES
Long-Term Debt $114.2M $156.9M
YoY Change -27.21% 44.61%
Other Long-Term Liabilities $77.93M $102.2M
YoY Change -23.75% 178.47%
Total Long-Term Liabilities $77.93M $259.1M
YoY Change -69.92% 78.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $325.2M $366.1M
Total Long-Term Liabilities $77.93M $259.1M
Total Liabilities $619.1M $625.3M
YoY Change -1.0% 47.3%
SHAREHOLDERS EQUITY
Retained Earnings $1.333B
YoY Change
Common Stock $1.695B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.012B $2.285B
YoY Change
Total Liabilities & Shareholders Equity $3.631B $2.910B
YoY Change 24.78% 73.73%

Cashflow Statement

Concept 2010 Q2 2009 Q2
OPERATING ACTIVITIES
Net Income $159.0M $180.6M
YoY Change -11.93% 159.08%
Depreciation, Depletion And Amortization $38.60M $30.00M
YoY Change 28.67% 134.38%
Cash From Operating Activities $76.30M $19.10M
YoY Change 299.48% -67.74%
INVESTING ACTIVITIES
Capital Expenditures -$133.5M -$59.60M
YoY Change 123.99% -62.82%
Acquisitions
YoY Change
Other Investing Activities $172.2M -$177.0M
YoY Change -197.29% 414.53%
Cash From Investing Activities $38.70M -$236.5M
YoY Change -116.36% 21.47%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -12.30M 7.500M
YoY Change -264.0% -86.46%
NET CHANGE
Cash From Operating Activities 76.30M 19.10M
Cash From Investing Activities 38.70M -236.5M
Cash From Financing Activities -12.30M 7.500M
Net Change In Cash 102.7M -209.9M
YoY Change -148.93% 162.05%
FREE CASH FLOW
Cash From Operating Activities $76.30M $19.10M
Capital Expenditures -$133.5M -$59.60M
Free Cash Flow $209.8M $78.70M
YoY Change 166.58% -64.15%

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EmployeeServiceShareBasedCompensationCapitalizedInInventory
3200000 USD
CY2009Q4 fslr Employee Service Share Based Compensation Capitalized In Inventory
EmployeeServiceShareBasedCompensationCapitalizedInInventory
1000000 USD
CY2009Q2 dei Entity Public Float
EntityPublicFloat
7360781207 USD
CY2010Q2 fslr Project Assets Current And Noncurrent
ProjectAssetsCurrentAndNoncurrent
140174000 USD
CY2009Q4 fslr Project Assets Current And Noncurrent
ProjectAssetsCurrentAndNoncurrent
132496000 USD
CY2009Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
988782000 USD
CY2010Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1094877000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-6283000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-27571000 USD
CY2009Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
85208199 shares
CY2009 us-gaap Available For Sale Securities Gross Unrealized Loss
AvailableForSaleSecuritiesGrossUnrealizedLoss
334000 USD
CY2009Q4 fslr Project Assets Noncurrent
ProjectAssetsNoncurrent
131415000 USD
CY2010Q2 fslr Project Assets Noncurrent
ProjectAssetsNoncurrent
140065000 USD
us-gaap Impairment Of Ongoing Project
ImpairmentOfOngoingProject
638000 USD
us-gaap Impairment Of Ongoing Project
ImpairmentOfOngoingProject
USD
us-gaap Operating Income Loss
OperatingIncomeLoss
372097000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
371614000 USD
CY2010Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
180473000 USD
CY2009Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
204041000 USD
CY2010Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3631315000 USD
CY2009Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3349512000 USD
CY2009Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
146399000 USD
CY2009Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
226826000 USD
CY2010Q2 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-255000 USD
CY2009Q2 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
-146000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
-354000 USD
CY2010Q2 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
-3123000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
-8973000 USD
CY2010Q2 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
157778000 USD
CY2009Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
130515000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
56113000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
77747000 USD
us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-1127000 USD
CY2009Q2 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
104000 USD
us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
2580000 USD
CY2010Q2 us-gaap Fair Value Liabilities Measured On Recurring Basis Derivative Financial Instruments Liabilities
FairValueLiabilitiesMeasuredOnRecurringBasisDerivativeFinancialInstrumentsLiabilities
3673000 USD
CY2009Q4 us-gaap Fair Value Liabilities Measured On Recurring Basis Derivative Financial Instruments Liabilities
FairValueLiabilitiesMeasuredOnRecurringBasisDerivativeFinancialInstrumentsLiabilities
31686000 USD
CY2009Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
193277000 USD
CY2010Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
183889000 USD
CY2009Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
17413000 USD
CY2010Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
23862000 USD
CY2009Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
22583000 USD
CY2009Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
13557000 USD
CY2008Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
11905000 USD
CY2010Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
23375000 USD
dei Document Period End Date
DocumentPeriodEndDate
2010-06-26
fslr Production Start Up Expense
ProductionStartUpExpense
8733000 USD
fslr Production Start Up Expense
ProductionStartUpExpense
3431000 USD
CY2010Q2 fslr Production Start Up Expense
ProductionStartUpExpense
2288000 USD
CY2009Q2 fslr Production Start Up Expense
ProductionStartUpExpense
2524000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
371030000 USD
CY2009Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
201298000 USD
CY2010Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
180438000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
375797000 USD
CY2009Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
164071000 USD
CY2010Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
244053000 USD
CY2010Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
114168000 USD
CY2009Q4 us-gaap Long Term Debt
LongTermDebt
174958000 USD
CY2010Q2 us-gaap Long Term Debt
LongTermDebt
138633000 USD
CY2010Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
31733000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2429000 USD
CY2009Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1103000 USD
CY2010Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
119282000 USD
CY2009Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
87701000 USD
CY2010Q2 us-gaap Receivables Net Current
ReceivablesNetCurrent
256344000 USD
CY2010Q2 fslr Project Assets Current
ProjectAssetsCurrent
109000 USD
CY2009Q4 fslr Project Assets Current
ProjectAssetsCurrent
1081000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardCompensationCost
44516000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardCompensationCost
32941000 USD
CY2009Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardCompensationCost
17757000 USD
CY2010Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardCompensationCost
25042000 USD
CY2010Q2 us-gaap Line Of Credit Facility Interest Rate At Period End
LineOfCreditFacilityInterestRateAtPeriodEnd
0.0376 pure
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2010
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1173000 USD
CY2010Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-439000 USD
dei Entity Central Index Key
EntityCentralIndexKey
0001274494
us-gaap Available For Sale Securities Gross Unrealized Gains
AvailableForSaleSecuritiesGrossUnrealizedGains
1224000 USD
CY2009 us-gaap Available For Sale Securities Gross Unrealized Gains
AvailableForSaleSecuritiesGrossUnrealizedGains
1530000 USD
us-gaap Interest Expense
InterestExpense
6000 USD
CY2009Q2 us-gaap Interest Expense
InterestExpense
3827000 USD
CY2010Q2 us-gaap Interest Expense
InterestExpense
6000 USD
CY2010Q2 us-gaap Marketable Securities Restricted Noncurrent
MarketableSecuritiesRestrictedNoncurrent
81064000 USD
CY2009Q4 us-gaap Marketable Securities Restricted Noncurrent
MarketableSecuritiesRestrictedNoncurrent
36467000 USD
CY2009Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
33095000 USD
CY2010Q2 fslr Available For Sale Securities Restricted Fair Value Disclosure
AvailableForSaleSecuritiesRestrictedFairValueDisclosure
81064000 USD
CY2009Q4 fslr Available For Sale Securities Restricted Fair Value Disclosure
AvailableForSaleSecuritiesRestrictedFairValueDisclosure
36467000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
48622000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-1409000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-4426000 USD
fslr Product Minimum Service Life
ProductMinimumServiceLife
25 years
us-gaap Related Party Transaction Revenues From Transactions With Related Party
RelatedPartyTransactionRevenuesFromTransactionsWithRelatedParty
9600000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
42000000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
59256000 USD
CY2009Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-9596000 USD
CY2010Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-16804000 USD
CY2010Q2 us-gaap Related Party Transaction Revenues From Transactions With Related Party
RelatedPartyTransactionRevenuesFromTransactionsWithRelatedParty
0 USD
CY2009Q2 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired
48041000 USD
us-gaap Gross Profit
GrossProfit
566230000 USD
CY2010Q2 us-gaap Gross Profit
GrossProfit
284194000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
2073000 USD
CY2010Q2 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired
30457000 USD
CY2009Q2 us-gaap Gross Profit
GrossProfit
298096000 USD
CY2010Q2 fslr Project Assets Acquired Through Business Acquisitions
ProjectAssetsAcquiredThroughBusinessAcquisitions
71037000 USD
CY2009Q4 fslr Project Assets Acquired Through Business Acquisitions
ProjectAssetsAcquiredThroughBusinessAcquisitions
71037000 USD
CY2009Q4 fslr Product Warranty Accrual In Excess Of Normal Product Warranty Liability Nonrecurring
ProductWarrantyAccrualInExcessOfNormalProductWarrantyLiabilityNonrecurring
6595000 USD
CY2010Q2 fslr Product Warranty Accrual In Excess Of Normal Product Warranty Liability Nonrecurring
ProductWarrantyAccrualInExcessOfNormalProductWarrantyLiabilityNonrecurring
27382000 USD
us-gaap Interest Paid Net
InterestPaidNet
4714000 USD
us-gaap Interest Paid Net
InterestPaidNet
2551000 USD
us-gaap Gross Profit
GrossProfit
533380000 USD
dei Entity Registrant Name
EntityRegistrantName
FIRST SOLAR, INC.
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
36015000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-14194000 USD
CY2010Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
0 USD
CY2009Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
0 USD
CY2010Q2 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
37108000 USD
CY2009Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-17025000 USD
CY2009Q4 fslr Notes Receivable Amount Outstanding
NotesReceivableAmountOutstanding
27600000 USD
CY2009Q4 fslr Notes Receivable Amount Outstanding
NotesReceivableAmountOutstanding
19200000
CY2009Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
254000000 USD
fslr Available For Sale Securities Net Unrealized Gains Losses
AvailableForSaleSecuritiesNetUnrealizedGainsLosses
1000000 USD
us-gaap Debt Instrument Maturity Date Range Start
DebtInstrumentMaturityDateRangeStart
18 years
fslr Increase Decrease In Project Assets
IncreaseDecreaseInProjectAssets
3470000 USD
fslr Increase Decrease In Project Assets
IncreaseDecreaseInProjectAssets
11126000 USD
dei Document Type
DocumentType
10-Q
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
64597000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
31712000 USD
fslr Available For Sale Securities Restricted Gross Unrealized Gains
AvailableForSaleSecuritiesRestrictedGrossUnrealizedGains
9069000 USD
CY2009 fslr Available For Sale Securities Restricted Gross Unrealized Gains
AvailableForSaleSecuritiesRestrictedGrossUnrealizedGains
1308000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
1167000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1308000 USD
us-gaap Increase Decrease In Unbilled Receivables
IncreaseDecreaseInUnbilledReceivables
-183000 USD
us-gaap Increase Decrease In Unbilled Receivables
IncreaseDecreaseInUnbilledReceivables
105657000 USD
CY2009 fslr Available For Sale Securities Net Unrealized Gains Losses
AvailableForSaleSecuritiesNetUnrealizedGainsLosses
1200000 USD
CY2010Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
510482000 USD
CY2009Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
664499000 USD
CY2008Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
716218000 USD
CY2009Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
429160000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
54211000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
282609000 USD
CY2009Q4 us-gaap Liabilities Current
LiabilitiesCurrent
394927000 USD
CY2010Q2 us-gaap Liabilities Current
LiabilitiesCurrent
325219000 USD
us-gaap Adjustments Noncash Items To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities Other
AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther
-736000 USD
us-gaap Adjustments Noncash Items To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities Other
AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther
USD
CY2010Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-2625000 USD
CY2009Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
239000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-3321000 USD
CY2010Q2 us-gaap Restricted Cash And Investments Noncurrent
RestrictedCashAndInvestmentsNoncurrent
81103000 USD
CY2009Q4 us-gaap Restricted Cash And Investments Noncurrent
RestrictedCashAndInvestmentsNoncurrent
36494000 USD
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
35383000 USD
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1773000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
4818000 USD
CY2010Q2 us-gaap Available For Sale Securities Fair Value Disclosure
AvailableForSaleSecuritiesFairValueDisclosure
450010000 USD
CY2009Q4 us-gaap Available For Sale Securities Fair Value Disclosure
AvailableForSaleSecuritiesFairValueDisclosure
449844000 USD
CY2009Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
85208199 shares
CY2010Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
85546131 shares
CY2010Q2 fslr Income Tax Holiday Duration
IncomeTaxHolidayDuration
16.5 years
CY2009Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2010Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2010Q2 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
5680000 USD
CY2009Q2 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
268000 USD
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
371000 USD
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
6777000 USD
CY2010Q2 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
17980000 USD
CY2009Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
26699000 USD
CY2009Q4 fslr Contingent Consideration
ContingentConsideration
2844000 USD
CY2010Q2 fslr Contingent Consideration
ContingentConsideration
1607000 USD
CY2010Q2 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
0 USD
CY2009Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
50531000 USD
CY2010Q2 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-2981000 USD
CY2009Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-3509000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
6990000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-990000 USD
CY2010Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1694607000 USD
CY2009Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1658091000 USD
CY2010Q2 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
0 USD
us-gaap Available For Sale Securities Continuous Unrealized Loss Position Aggregate Losses
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAggregateLosses
213000 USD
CY2009 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Aggregate Losses
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAggregateLosses
334000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
145966000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
239506000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.070 pure
CY2010Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.119 pure
CY2009Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.103 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.118 pure
us-gaap Net Income Loss
NetIncomeLoss
331388000 USD
us-gaap Net Income Loss
NetIncomeLoss
345174000 USD
CY2010Q2 us-gaap Net Income Loss
NetIncomeLoss
159043000 USD
CY2009Q2 us-gaap Net Income Loss
NetIncomeLoss
180579000 USD
CY2009Q4 us-gaap Goodwill
Goodwill
286515000 USD
CY2010Q2 us-gaap Goodwill
Goodwill
286515000 USD
CY2009Q2 us-gaap Goodwill
Goodwill
294962000 USD
CY2009Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
8740000 USD
CY2010Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
28552000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-223749000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-417735000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
15351000 USD
CY2010Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
2065000 USD
CY2009Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
30781000 USD
CY2010Q2 us-gaap Interest Costs Incurred
InterestCostsIncurred
1923000 USD
us-gaap Interest Costs Incurred
InterestCostsIncurred
7107000 USD
us-gaap Interest Costs Incurred
InterestCostsIncurred
4198000 USD
CY2009Q2 us-gaap Interest Costs Incurred
InterestCostsIncurred
4693000 USD
CY2009Q4 fslr Accrued Property Plant And Equipment
AccruedPropertyPlantAndEquipment
35811000 USD
CY2010Q2 fslr Accrued Property Plant And Equipment
AccruedPropertyPlantAndEquipment
15947000 USD
us-gaap Payments To Suppliers And Employees
PaymentsToSuppliersAndEmployees
824407000 USD
us-gaap Payments To Suppliers And Employees
PaymentsToSuppliersAndEmployees
506638000 USD
CY2010Q2 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
39000 USD
CY2009Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
27000 USD
CY2010Q2 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
285993000 USD
CY2009Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
120236000 USD
CY2010Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
32397000 USD
CY2009Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
53856000 USD
CY2010Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
24465000 USD
CY2009Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
28559000 USD
CY2010Q2 fslr Project Assets Land Current And Noncurrent
ProjectAssetsLandCurrentAndNoncurrent
14942000 USD
CY2009Q4 fslr Project Assets Land Current And Noncurrent
ProjectAssetsLandCurrentAndNoncurrent
1452000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
203903000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
29783000 USD
CY2009Q4 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
28889000 USD
CY2010Q2 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
38634000 USD
us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
700000 USD
CY2010Q2 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
400000 USD
CY2010Q2 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
119282000 USD
CY2009Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
87701000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
4158000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-35414000 USD
us-gaap Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
42439000 USD
us-gaap Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
43064000 USD
CY2009Q4 us-gaap Other Noncurrent Liabilities
OtherNoncurrentLiabilities
33711000 USD
CY2010Q2 us-gaap Other Noncurrent Liabilities
OtherNoncurrentLiabilities
39291000 USD
us-gaap Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses
0 USD
CY2009 us-gaap Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Aggregate Losses
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAggregateLosses
0 USD
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
15351000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
USD
CY2010Q2 fslr Deferred Project Costs Current
DeferredProjectCostsCurrent
127277000 USD
CY2009Q4 fslr Deferred Project Costs Current
DeferredProjectCostsCurrent
36670000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
14004000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
14256000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
86247000 shares
CY2009Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
85668000 shares
CY2010Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
86401000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
84140000 shares
CY2010Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
85554984 shares
CY2010Q2 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
101757000 USD
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-12098000 USD
CY2009Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
92799000 USD
us-gaap Debt Instrument Maturity Date Range End
DebtInstrumentMaturityDateRangeEnd
26 years
CY2009Q4 us-gaap Assets
Assets
3349512000 USD
CY2010Q2 us-gaap Assets
Assets
3631315000 USD
CY2009Q2 us-gaap Assets
Assets
2910179000 USD
CY2010Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
20045000 USD
CY2009Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
88607000 USD
CY2010Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
75000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
157000 shares
CY2009Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
158000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
210000 shares
CY2010Q2 us-gaap Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
164017000 USD
CY2009Q4 us-gaap Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
329608000 USD
CY2010Q2 fslr Exchange Rate Ratio
ExchangeRateRatio
1.24
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-6877000 USD
CY2009Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.11
CY2010Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.84
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.10
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.84
CY2010Q2 fslr Fair Value Assets Measured On Recurring Basis
FairValueAssetsMeasuredOnRecurringBasis
735719000 USD
CY2009Q4 fslr Fair Value Assets Measured On Recurring Basis
FairValueAssetsMeasuredOnRecurringBasis
853184000 USD
us-gaap Increase Decrease In Billing In Excess Of Cost Of Earnings
IncreaseDecreaseInBillingInExcessOfCostOfEarnings
-1186000 USD
us-gaap Increase Decrease In Billing In Excess Of Cost Of Earnings
IncreaseDecreaseInBillingInExcessOfCostOfEarnings
6418000 USD
CY2010Q2 us-gaap Inventory Noncurrent
InventoryNoncurrent
30655000 USD
CY2009Q4 us-gaap Inventory Noncurrent
InventoryNoncurrent
21695000 USD
us-gaap Cost Of Goods Sold
CostOfGoodsSold
589585000 USD
CY2009Q2 us-gaap Cost Of Goods Sold
CostOfGoodsSold
227780000 USD
CY2010Q2 us-gaap Cost Of Goods Sold
CostOfGoodsSold
303660000 USD
us-gaap Cost Of Goods Sold
CostOfGoodsSold
410704000 USD
CY2009Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
226826000 USD
CY2010Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
256344000 USD
us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses
213000 USD
CY2009 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses
334000 USD
CY2009Q4 us-gaap Other Assets Current
OtherAssetsCurrent
35866000 USD
CY2010Q2 us-gaap Other Assets Current
OtherAssetsCurrent
43686000 USD
CY2010Q2 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
448999000 USD
CY2009Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
448648000 USD

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