2010 Q4 Form 10-Q Financial Statement

#000127449410000039 Filed on November 01, 2010

View on sec.gov

Income Statement

Concept 2010 Q4 2010 Q3 2009 Q3
Revenue $609.8M $797.9M $480.9M
YoY Change -4.91% 65.93% 37.9%
Cost Of Revenue $313.1M $476.0M $235.9M
YoY Change -16.53% 101.82% 53.85%
Gross Profit $296.7M $321.9M $245.0M
YoY Change 11.46% 31.39% 25.38%
Gross Profit Margin 48.66% 40.34% 50.95%
Selling, General & Admin $103.5M $84.96M $53.99M
YoY Change 29.54% 57.36% -2.37%
% of Gross Profit 34.88% 26.39% 22.04%
Research & Development $27.60M $21.47M $24.14M
YoY Change 16.46% -11.04% 141.36%
% of Gross Profit 9.3% 6.67% 9.85%
Depreciation & Amortization $43.20M $35.20M $34.60M
YoY Change 11.05% 1.73% 105.95%
% of Gross Profit 14.56% 10.94% 14.12%
Operating Expenses $131.1M $110.3M $82.20M
YoY Change 26.67% 34.13% 26.08%
Operating Profit $165.6M $211.6M $162.8M
YoY Change 1.78% 30.01% 25.03%
Interest Expense $3.900M $0.00 $89.00K
YoY Change -33.9% -100.0% -97.3%
% of Operating Profit 2.36% 0.0% 0.05%
Other Income/Expense, Net $3.800M -$380.0K -$247.0K
YoY Change -1366.67% 53.85% -38.25%
Pretax Income $173.4M $212.9M $165.0M
YoY Change 15.37% 29.07% 23.94%
Income Tax $17.40M $36.05M $11.62M
% Of Pretax Income 10.03% 16.93% 7.05%
Net Earnings $155.9M $176.9M $153.3M
YoY Change 10.1% 15.34% 54.42%
Net Earnings / Revenue 25.57% 22.17% 31.89%
Basic Earnings Per Share $2.08 $1.82
Diluted Earnings Per Share $1.796M $2.04 $1.79
COMMON SHARES
Basic Shares Outstanding 85.72M shares 85.07M shares 84.18M shares
Diluted Shares Outstanding 86.61M shares 85.89M shares

Balance Sheet

Concept 2010 Q4 2010 Q3 2009 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $933.6M $833.4M $523.7M
YoY Change 18.98% 59.14% -26.78%
Cash & Equivalents $765.7M $621.2M $364.8M
Short-Term Investments $167.9M $212.2M $158.8M
Other Short-Term Assets $61.59M $60.19M $137.2M
YoY Change 71.71% -56.13% 75.0%
Inventory $195.9M $184.0M $178.0M
Prepaid Expenses $46.02M $42.64M
Receivables $305.5M $316.2M $349.0M
Other Receivables $0.00 $0.00 $15.50M
Total Short-Term Assets $1.584B $1.615B $1.203B
YoY Change 17.26% 34.19% 25.04%
LONG-TERM ASSETS
Property, Plant & Equipment $1.431B $1.245B $962.7M
YoY Change 44.7% 29.28% 28.27%
Goodwill $433.3M $433.3M $284.0M
YoY Change 51.23% 52.56%
Intangibles
YoY Change
Long-Term Investments $180.3M $188.5M $331.4M
YoY Change -49.15% -43.12% 2217.48%
Other Assets $43.49M $34.89M $313.5M
YoY Change -9.81% -88.87% 216.99%
Total Long-Term Assets $2.796B $2.587B $1.892B
YoY Change 39.92% 36.75% 110.77%
TOTAL ASSETS
Total Short-Term Assets $1.584B $1.615B $1.203B
Total Long-Term Assets $2.796B $2.587B $1.892B
Total Assets $4.380B $4.202B $3.095B
YoY Change 30.78% 35.76% 66.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $82.31M $71.14M $72.30M
YoY Change 8.67% -1.61% 97.0%
Accrued Expenses $244.3M $282.8M $137.3M
YoY Change 26.38% 106.0% 0.15%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $26.60M $26.60M $29.20M
YoY Change -6.99% -8.9% 9.36%
Total Short-Term Liabilities $469.7M $457.8M $346.7M
YoY Change 18.93% 32.04% 16.5%
LONG-TERM LIABILITIES
Long-Term Debt $210.8M $223.8M $163.3M
YoY Change 43.99% 37.05% 15.98%
Other Long-Term Liabilities $112.0M $90.23M $125.9M
YoY Change 78.96% -28.33% 247.79%
Total Long-Term Liabilities $112.0M $90.23M $289.2M
YoY Change 78.96% -68.8% 63.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $469.7M $457.8M $346.7M
Total Long-Term Liabilities $112.0M $90.23M $289.2M
Total Liabilities $925.5M $900.4M $635.9M
YoY Change 32.83% 41.6% 33.96%
SHAREHOLDERS EQUITY
Retained Earnings $1.666B $1.510B
YoY Change 66.33%
Common Stock $1.816B $1.820B
YoY Change 9.49%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.455B $3.301B $2.459B
YoY Change
Total Liabilities & Shareholders Equity $4.380B $4.202B $3.095B
YoY Change 30.78% 35.76% 66.41%

Cashflow Statement

Concept 2010 Q4 2010 Q3 2009 Q3
OPERATING ACTIVITIES
Net Income $155.9M $176.9M $153.3M
YoY Change 10.1% 15.34% 54.42%
Depreciation, Depletion And Amortization $43.20M $35.20M $34.60M
YoY Change 11.05% 1.73% 105.95%
Cash From Operating Activities $349.8M $248.1M $178.6M
YoY Change -15.47% 38.91% 30.08%
INVESTING ACTIVITIES
Capital Expenditures -$211.8M -$137.6M -$64.80M
YoY Change 206.51% 112.35% -32.29%
Acquisitions
YoY Change
Other Investing Activities $53.90M -$222.9M -$122.4M
YoY Change -296.0% 82.11% -5200.0%
Cash From Investing Activities -$157.8M -$360.6M -$187.3M
YoY Change 63.19% 92.53% 100.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -44.20M 205.0M -58.30M
YoY Change 146.93% -451.63% -223.52%
NET CHANGE
Cash From Operating Activities 349.8M 248.1M 178.6M
Cash From Investing Activities -157.8M -360.6M -187.3M
Cash From Financing Activities -44.20M 205.0M -58.30M
Net Change In Cash 147.8M 92.50M -67.00M
YoY Change -50.6% -238.06% -173.46%
FREE CASH FLOW
Cash From Operating Activities $349.8M $248.1M $178.6M
Capital Expenditures -$211.8M -$137.6M -$64.80M
Free Cash Flow $561.6M $385.7M $243.4M
YoY Change 16.3% 58.46% 4.46%

Facts In Submission

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178467000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
55128000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
70748000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-351404000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-43283000 USD
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-438000 USD
us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-239000 USD
CY2009Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
164967000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
588712000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
535997000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
-26667000 USD
CY2009Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
16995000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
22008000 USD
CY2010Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
41451000 USD
us-gaap Investment Tax Credit
InvestmentTaxCredit
16300000 USD
CY2010Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
85072000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
83196000 shares
CY2009Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
84179000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
84810000 shares
CY2010Q3 fslr Exchange Rate Ratio
ExchangeRateRatio
1.35
CY2010Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1244598000 USD
CY2009Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
988782000 USD
CY2009Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
85208199 shares
CY2010Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
85710763 shares
CY2009 us-gaap Available For Sale Securities Gross Unrealized Loss
AvailableForSaleSecuritiesGrossUnrealizedLoss
334000 USD
us-gaap Available For Sale Securities Gross Unrealized Loss
AvailableForSaleSecuritiesGrossUnrealizedLoss
132000 USD
CY2010Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
140333000 USD
CY2009Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
122282000 USD
dei Entity Registrant Name
EntityRegistrantName
FIRST SOLAR, INC.
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
57948000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
123011000 USD
fslr Proceeds From Economic Development Funding
ProceedsFromEconomicDevelopmentFunding
0 USD
fslr Proceeds From Economic Development Funding
ProceedsFromEconomicDevelopmentFunding
615000 USD
CY2009Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3349512000 USD
CY2010Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4201771000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
-466000 USD
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
-16008000 USD
CY2010Q3 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
-7035000 USD
CY2009Q3 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
-112000 USD
CY2010Q3 fslr Available For Sale Securities Restricted Fair Value Disclosure
AvailableForSaleSecuritiesRestrictedFairValueDisclosure
94980000 USD
CY2009Q4 fslr Available For Sale Securities Restricted Fair Value Disclosure
AvailableForSaleSecuritiesRestrictedFairValueDisclosure
36467000 USD
CY2009Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
130515000 USD
CY2010Q3 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
257683000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
112923000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
90720000 USD
us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-2206000 USD
CY2009Q3 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-1079000 USD
CY2010Q3 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
2747000 USD
us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
5327000 USD
CY2010Q3 us-gaap Fair Value Liabilities Measured On Recurring Basis Derivative Financial Instruments Liabilities
FairValueLiabilitiesMeasuredOnRecurringBasisDerivativeFinancialInstrumentsLiabilities
46680000 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
CY2010Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
282832000 USD
CY2010Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
23862000 USD
CY2008Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
11905000 USD
CY2010Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
25032000 USD
CY2009Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
17413000 USD
CY2009Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
22583000 USD
CY2009Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
20582000 USD
dei Document Period End Date
DocumentPeriodEndDate
2010-09-25
CY2009Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
226826000 USD
CY2010Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
316172000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
9476000 USD
CY2010Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
212915000 USD
fslr Available For Sale Securities Restricted Gross Unrealized Gains
AvailableForSaleSecuritiesRestrictedGrossUnrealizedGains
15939000 USD
CY2009 fslr Available For Sale Securities Restricted Gross Unrealized Gains
AvailableForSaleSecuritiesRestrictedGrossUnrealizedGains
1308000 USD
CY2010Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
223756000 USD
CY2009Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
146399000 USD
CY2010Q3 fslr Business Acquisition Project Assets Acquired
BusinessAcquisitionProjectAssetsAcquired
218407000 USD
CY2009Q4 fslr Business Acquisition Project Assets Acquired
BusinessAcquisitionProjectAssetsAcquired
71037000 USD
CY2009Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
226826000 USD
CY2010Q3 us-gaap Receivables Net Current
ReceivablesNetCurrent
316172000 USD
CY2009Q4 us-gaap Long Term Debt
LongTermDebt
174958000 USD
CY2010Q3 us-gaap Long Term Debt
LongTermDebt
250395000 USD
CY2010Q3 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
39927000 USD
CY2009Q4 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
87701000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardCompensationCost
55128000 USD
CY2010Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardCompensationCost
26232000 USD
CY2009Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardCompensationCost
22187000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardCompensationCost
70748000 USD
CY2009Q4 fslr Inventory Current Noncurrent Net
InventoryCurrentNoncurrentNet
174516000 USD
CY2010Q3 fslr Inventory Current Noncurrent Net
InventoryCurrentNoncurrentNet
220386000 USD
CY2010Q3 fslr Income Tax Holiday Duration
IncomeTaxHolidayDuration
16.5 years
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2010
CY2010Q3 fslr Project Assets Other Current And Noncurrent
ProjectAssetsOtherCurrentAndNoncurrent
64470000 USD
CY2009Q4 fslr Project Assets Other Current And Noncurrent
ProjectAssetsOtherCurrentAndNoncurrent
60007000 USD
CY2010Q3 us-gaap Marketable Securities Restricted Noncurrent
MarketableSecuritiesRestrictedNoncurrent
94980000 USD
CY2009Q4 us-gaap Marketable Securities Restricted Noncurrent
MarketableSecuritiesRestrictedNoncurrent
36467000 USD
CY2009Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
33095000 USD
CY2010Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
42640000 USD
CY2010Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-380000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-2676000 USD
CY2009Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-247000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1553000 USD
dei Entity Central Index Key
EntityCentralIndexKey
0001274494
CY2010Q3 fslr Available For Sale Securities Restricted Amortized Cost
AvailableForSaleSecuritiesRestrictedAmortizedCost
79041000 USD
CY2009Q4 fslr Available For Sale Securities Restricted Amortized Cost
AvailableForSaleSecuritiesRestrictedAmortizedCost
35186000 USD
CY2009 us-gaap Available For Sale Securities Gross Unrealized Gains
AvailableForSaleSecuritiesGrossUnrealizedGains
1530000 USD
us-gaap Available For Sale Securities Gross Unrealized Gains
AvailableForSaleSecuritiesGrossUnrealizedGains
1831000 USD
us-gaap Interest Expense
InterestExpense
4851000 USD
CY2009Q3 us-gaap Interest Expense
InterestExpense
89000 USD
us-gaap Interest Expense
InterestExpense
6000 USD
CY2010Q3 us-gaap Interest Expense
InterestExpense
0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
100000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
44820000 USD
us-gaap Related Party Transaction Revenues From Transactions With Related Party
RelatedPartyTransactionRevenuesFromTransactionsWithRelatedParty
9600000 USD
CY2010Q3 us-gaap Related Party Transaction Revenues From Transactions With Related Party
RelatedPartyTransactionRevenuesFromTransactionsWithRelatedParty
0 USD
CY2010Q3 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired
65581000 USD
CY2009Q3 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired
64119000 USD
us-gaap Interest Paid Net
InterestPaidNet
7527000 USD
us-gaap Interest Paid Net
InterestPaidNet
3149000 USD
CY2009 us-gaap Debt Instrument Maturity Date Range Start
DebtInstrumentMaturityDateRangeStart
18 years
us-gaap Debt Instrument Maturity Date Range Start
DebtInstrumentMaturityDateRangeStart
17 years
fslr Increase Decrease In Project Assets
IncreaseDecreaseInProjectAssets
50398000 USD
fslr Increase Decrease In Project Assets
IncreaseDecreaseInProjectAssets
23207000 USD
CY2010Q3 us-gaap Gross Profit
GrossProfit
321892000 USD
us-gaap Gross Profit
GrossProfit
888122000 USD
CY2009Q3 us-gaap Gross Profit
GrossProfit
244993000 USD
us-gaap Gross Profit
GrossProfit
778373000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
124576000 USD
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
60948000 USD
fslr Increase Decrease In Deferred Project Costs
IncreaseDecreaseInDeferredProjectCosts
2747000 USD
fslr Increase Decrease In Deferred Project Costs
IncreaseDecreaseInDeferredProjectCosts
-35816000 USD
CY2009Q4 fslr Accrued Property Plant And Equipment
AccruedPropertyPlantAndEquipment
35811000 USD
CY2010Q3 fslr Accrued Property Plant And Equipment
AccruedPropertyPlantAndEquipment
59944000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-22922000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
66791000 USD
CY2010Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
0 USD
us-gaap Impairment Of Ongoing Project
ImpairmentOfOngoingProject
0 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
1756000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1288000 USD
CY2009Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
664499000 USD
CY2009Q4 us-gaap Restricted Cash And Investments Noncurrent
RestrictedCashAndInvestmentsNoncurrent
36494000 USD
CY2009Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
0 USD
fslr Solar Module Collection And Recycling Custodial Account
SolarModuleCollectionAndRecyclingCustodialAccount
60 days
CY2010Q3 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-23565000 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
CY2010Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1001000 USD
CY2009Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
114000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
2187000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-4322000 USD
dei Document Type
DocumentType
10-Q
us-gaap Impairment Of Ongoing Project
ImpairmentOfOngoingProject
3371000 USD
CY2010Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
621216000 USD
CY2009Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
364814000 USD
CY2008Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
716218000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
276409000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
97236000 USD
CY2010Q3 us-gaap Liabilities Current
LiabilitiesCurrent
457778000 USD
CY2009Q4 us-gaap Liabilities Current
LiabilitiesCurrent
394927000 USD
us-gaap Adjustments Noncash Items To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities Other
AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther
0 USD
us-gaap Adjustments Noncash Items To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities Other
AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther
-1098000 USD
CY2010Q3 us-gaap Restricted Cash And Investments Noncurrent
RestrictedCashAndInvestmentsNoncurrent
95024000 USD
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
45495000 USD
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
0 USD
CY2010Q3 fslr Letter Of Credit Outstanding
LetterOfCreditOutstanding
115100000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1951000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
5099000 USD
CY2009Q4 us-gaap Available For Sale Securities Fair Value Disclosure
AvailableForSaleSecuritiesFairValueDisclosure
449844000 USD
CY2010Q3 us-gaap Available For Sale Securities Fair Value Disclosure
AvailableForSaleSecuritiesFairValueDisclosure
375746000 USD
CY2009Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
85208199 shares
CY2010Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
85710763 shares
us-gaap Operating Income Loss
OperatingIncomeLoss
583252000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.137 pure
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
102381000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-3708000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-9365000 USD
CY2009Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2010Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2010Q3 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
5792000 USD
CY2009Q3 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
1848000 USD
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
2219000 USD
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
12569000 USD
CY2009Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
26699000 USD
CY2010Q3 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
16619000 USD
CY2010Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-30234000 USD
CY2009Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-9596000 USD
CY2009Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
50531000 USD
CY2010Q3 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
0 USD
CY2010Q3 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
2725000 USD
CY2009Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
3509000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-990000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
3990000 USD
CY2010Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
211638000 USD
CY2009Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
162791000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
534888000 USD
CY2009Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1658091000 USD
CY2010Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1820268000 USD
CY2010Q3 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
0 USD
us-gaap Available For Sale Securities Continuous Unrealized Loss Position Aggregate Losses
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAggregateLosses
132000 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
210757000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
377147000 USD
CY2010Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.169 pure
CY2009Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.07 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.07 pure
us-gaap Net Income Loss
NetIncomeLoss
498518000 USD
us-gaap Net Income Loss
NetIncomeLoss
508257000 USD
CY2010Q3 us-gaap Net Income Loss
NetIncomeLoss
176869000 USD
CY2009Q3 us-gaap Net Income Loss
NetIncomeLoss
153344000 USD
CY2009Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
8740000 USD
CY2010Q3 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
17612000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-604986000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-584264000 USD
CY2009Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
30781000 USD
CY2010Q3 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
42941000 USD
CY2010Q3 us-gaap Interest Costs Incurred
InterestCostsIncurred
2384000 USD
us-gaap Interest Costs Incurred
InterestCostsIncurred
9473000 USD
us-gaap Interest Costs Incurred
InterestCostsIncurred
6582000 USD
CY2009Q3 us-gaap Interest Costs Incurred
InterestCostsIncurred
2367000 USD
CY2009Q4 fslr Project Assets Current And Noncurrent
ProjectAssetsCurrentAndNoncurrent
132496000 USD
CY2010Q3 fslr Project Assets Current And Noncurrent
ProjectAssetsCurrentAndNoncurrent
296630000 USD
us-gaap Payments To Suppliers And Employees
PaymentsToSuppliersAndEmployees
770985000 USD
us-gaap Payments To Suppliers And Employees
PaymentsToSuppliersAndEmployees
1170127000 USD
CY2009Q4 fslr Deferred Project Costs Current
DeferredProjectCostsCurrent
36670000 USD
CY2010Q3 fslr Deferred Project Costs Current
DeferredProjectCostsCurrent
854000 USD
CY2010Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
44000 USD
CY2009Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
27000 USD
CY2010Q3 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
212200000 USD
CY2009Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
120236000 USD
CY2009Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
53856000 USD
CY2010Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
55998000 USD
CY2009Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
28559000 USD
CY2010Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
26639000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
409790000 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
29784000 USD
CY2009Q4 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
28889000 USD
CY2010Q3 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
44633000 USD
us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
900000 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
9476000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
102381000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
14440000 USD
CY2010Q3 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
200000 USD
CY2010Q3 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Fair Value
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue
39927000 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
-35090000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
5290000 USD
us-gaap Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
43064000 USD
us-gaap Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
4411000 USD
CY2009Q4 us-gaap Other Noncurrent Liabilities
OtherNoncurrentLiabilities
33711000 USD
CY2010Q3 us-gaap Other Noncurrent Liabilities
OtherNoncurrentLiabilities
45594000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
63699000 USD
CY2010Q3 fslr Fair Value Assets Measured On Recurring Basis
FairValueAssetsMeasuredOnRecurringBasis
429887000 USD
CY2009Q4 fslr Fair Value Assets Measured On Recurring Basis
FairValueAssetsMeasuredOnRecurringBasis
853184000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
86368000 shares
CY2009Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
85892000 shares
CY2010Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
86610000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
84724000 shares
CY2010Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
85720049 shares
CY2010Q3 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
128664000 USD
CY2009Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
92799000 USD
CY2009Q4 us-gaap Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
329608000 USD
CY2010Q3 us-gaap Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
163546000 USD
CY2009 us-gaap Debt Instrument Maturity Date Range End
DebtInstrumentMaturityDateRangeEnd
26 years
us-gaap Debt Instrument Maturity Date Range End
DebtInstrumentMaturityDateRangeEnd
25 years
CY2010Q3 us-gaap Assets
Assets
4201771000 USD
CY2009Q4 us-gaap Assets
Assets
3349512000 USD
CY2009Q3 us-gaap Assets
Assets
3095072000 USD
CY2010Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
59560000 USD
CY2009Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
88607000 USD
CY2010Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
70000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
128000 shares
CY2009Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
188000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
203000 shares
CY2010Q3 fslr Product Warranty Accrual In Excess Of Normal Product Warranty Liability Nonrecurring
ProductWarrantyAccrualInExcessOfNormalProductWarrantyLiabilityNonrecurring
27479000 USD
CY2009Q4 fslr Product Warranty Accrual In Excess Of Normal Product Warranty Liability Nonrecurring
ProductWarrantyAccrualInExcessOfNormalProductWarrantyLiabilityNonrecurring
6595000 USD
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-74066000 USD
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-15888000 USD
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.88
CY2009Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.79
CY2010Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.04
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.88
us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses
132000 USD
CY2009 us-gaap Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLosses
334000 USD
CY2009Q4 us-gaap Inventory Noncurrent
InventoryNoncurrent
21695000 USD
CY2010Q3 us-gaap Inventory Noncurrent
InventoryNoncurrent
36380000 USD
us-gaap Cost Of Goods Sold
CostOfGoodsSold
646562000 USD
CY2009Q3 us-gaap Cost Of Goods Sold
CostOfGoodsSold
235858000 USD
us-gaap Cost Of Goods Sold
CostOfGoodsSold
1065592000 USD
CY2010Q3 us-gaap Cost Of Goods Sold
CostOfGoodsSold
476007000 USD
CY2009Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1001363000 USD
CY2010Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1509619000 USD
CY2009Q4 us-gaap Other Assets Current
OtherAssetsCurrent
35866000 USD
CY2010Q3 us-gaap Other Assets Current
OtherAssetsCurrent
60193000 USD
CY2009Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
448648000 USD
CY2010Q3 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
374047000 USD

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