2011 Q1 Form 10-Q Financial Statement

#000127449411000021 Filed on May 05, 2011

View on sec.gov

Income Statement

Concept 2011 Q1 2010 Q1
Revenue $567.3M $568.0M
YoY Change -0.12% 35.81%
Cost Of Revenue $307.6M $285.9M
YoY Change 7.59% 56.33%
Gross Profit $259.7M $282.0M
YoY Change -7.93% 19.86%
Gross Profit Margin 45.77% 49.66%
Selling, General & Admin $87.00M $66.86M
YoY Change 30.11% 23.82%
% of Gross Profit 33.5% 23.71%
Research & Development $31.35M $22.89M
YoY Change 36.98% 95.62%
% of Gross Profit 12.07% 8.12%
Depreciation & Amortization $48.27M $39.09M
YoY Change 23.48% 49.77%
% of Gross Profit 18.59% 13.86%
Operating Expenses $130.3M $90.90M
YoY Change 43.33% 38.14%
Operating Profit $129.4M $191.1M
YoY Change -32.31% 12.77%
Interest Expense $0.00 $0.00
YoY Change -100.0%
% of Operating Profit 0.0% 0.0%
Other Income/Expense, Net -$349.0K -$734.0K
YoY Change -52.45% -43.54%
Pretax Income $133.0M $195.4M
YoY Change -31.92% 15.12%
Income Tax $17.04M $23.01M
% Of Pretax Income 12.81% 11.78%
Net Earnings $116.0M $172.3M
YoY Change -32.71% 4.71%
Net Earnings / Revenue 20.44% 30.34%
Basic Earnings Per Share $1.36 $2.04
Diluted Earnings Per Share $1.33 $2.00
COMMON SHARES
Basic Shares Outstanding 85.32M shares 84.51M shares
Diluted Shares Outstanding 87.05M shares 86.09M shares

Balance Sheet

Concept 2011 Q1 2010 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $555.5M $714.2M
YoY Change -22.22% -10.4%
Cash & Equivalents $355.7M $420.9M
Short-Term Investments $199.8M $293.3M
Other Short-Term Assets $111.1M $197.5M
YoY Change -43.73% 91.01%
Inventory $271.2M $172.1M
Prepaid Expenses $56.31M
Receivables $362.7M $295.1M
Other Receivables $0.00 $25.70M
Total Short-Term Assets $1.394B $1.405B
YoY Change -0.73% 13.29%
LONG-TERM ASSETS
Property, Plant & Equipment $1.550B $1.030B
YoY Change 50.41% 18.73%
Goodwill $458.8M $286.5M
YoY Change 60.13%
Intangibles
YoY Change
Long-Term Investments $157.4M $330.8M
YoY Change -52.42% 737.47%
Other Assets $45.67M $421.4M
YoY Change -89.16% 290.91%
Total Long-Term Assets $3.040B $2.069B
YoY Change 46.92% 97.29%
TOTAL ASSETS
Total Short-Term Assets $1.394B $1.405B
Total Long-Term Assets $3.040B $2.069B
Total Assets $4.434B $3.474B
YoY Change 27.65% 51.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $99.40M $76.00M
YoY Change 30.79% 81.38%
Accrued Expenses $229.0M $133.0M
YoY Change 72.15% 64.4%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $28.20M $26.40M
YoY Change 6.82% -20.0%
Total Short-Term Liabilities $469.9M $322.5M
YoY Change 45.7% 2.12%
LONG-TERM LIABILITIES
Long-Term Debt $103.5M $136.1M
YoY Change -23.95% -30.28%
Other Long-Term Liabilities $139.1M $168.1M
YoY Change -17.23% 134.45%
Total Long-Term Liabilities $139.1M $304.2M
YoY Change -54.26% 13.98%
TOTAL LIABILITIES
Total Short-Term Liabilities $469.9M $322.5M
Total Long-Term Liabilities $139.1M $304.2M
Total Liabilities $868.1M $626.7M
YoY Change 38.52% 7.53%
SHAREHOLDERS EQUITY
Retained Earnings $1.782B
YoY Change
Common Stock $1.835B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.566B $2.847B
YoY Change
Total Liabilities & Shareholders Equity $4.434B $3.474B
YoY Change 27.65% 51.79%

Cashflow Statement

Concept 2011 Q1 2010 Q1
OPERATING ACTIVITIES
Net Income $116.0M $172.3M
YoY Change -32.71% 4.71%
Depreciation, Depletion And Amortization $48.27M $39.09M
YoY Change 23.48% 49.77%
Cash From Operating Activities -$43.81M $31.27M
YoY Change -240.1% -50.91%
INVESTING ACTIVITIES
Capital Expenditures $169.0M $106.0M
YoY Change 59.46% -222.66%
Acquisitions $21.11M $0.00
YoY Change
Other Investing Activities -$16.00K -$1.019M
YoY Change -98.43% -98.93%
Cash From Investing Activities -$263.4M -$262.4M
YoY Change 0.4% 44.79%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $13.90M $714.0K
YoY Change 1846.78%
Cash From Financing Activities -$111.3M $1.961M
YoY Change -5774.3% -95.8%
NET CHANGE
Cash From Operating Activities -$43.81M $31.27M
Cash From Investing Activities -$263.4M -$262.4M
Cash From Financing Activities -$111.3M $1.961M
Net Change In Cash -$418.5M -$229.1M
YoY Change 82.65% 223.63%
FREE CASH FLOW
Cash From Operating Activities -$43.81M $31.27M
Capital Expenditures $169.0M $106.0M
Free Cash Flow -$212.8M -$74.70M
YoY Change 184.87% -149.77%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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FairValueLiabilitiesMeasuredOnRecurringBasisDerivativeFinancialInstrumentsLiabilities
47678000 USD
CY2010Q4 us-gaap Fair Value Liabilities Measured On Recurring Basis Derivative Financial Instruments Liabilities
FairValueLiabilitiesMeasuredOnRecurringBasisDerivativeFinancialInstrumentsLiabilities
24034000 USD
CY2011Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
950000 USD
CY2010Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-696000 USD
CY2010Q1 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-570000 USD
CY2011Q1 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-1430000 USD
CY2011Q1 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
52000 USD
CY2010Q1 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
222000 USD
CY2011Q1 us-gaap Goodwill
Goodwill
458808000 USD
CY2010Q4 us-gaap Goodwill
Goodwill
433288000 USD
CY2010Q1 us-gaap Goodwill
Goodwill
286515000 USD
CY2010Q1 us-gaap Gross Profit
GrossProfit
282036000 USD
CY2011Q1 us-gaap Gross Profit
GrossProfit
259665000 USD
CY2011Q1 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
628000 USD
CY2010Q1 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
1289000 USD
CY2010Q1 us-gaap Impairment Of Ongoing Project
ImpairmentOfOngoingProject
110000 USD
CY2011Q1 us-gaap Impairment Of Ongoing Project
ImpairmentOfOngoingProject
3118000 USD
CY2011Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
133007000 USD
CY2010Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
195359000 USD
CY2011Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
17039000 USD
CY2010Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
23014000 USD
CY2010Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
18892000 USD
CY2011Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
18535000 USD
CY2011Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
16294000 USD
CY2010Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-532000 USD
CY2011Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
48277000 USD
CY2010Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
55499000 USD
CY2010Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
6818000 USD
CY2011Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
17474000 USD
CY2010Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-27827000 USD
CY2011Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-51562000 USD
CY2010Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
25524000 USD
CY2011Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
57268000 USD
CY2010Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1452000 USD
CY2011Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2708000 USD
CY2011Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
52064000 USD
CY2010Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
74647000 USD
CY2010Q1 us-gaap Increase Decrease In Unbilled Receivables
IncreaseDecreaseInUnbilledReceivables
25840000 USD
CY2011Q1 us-gaap Increase Decrease In Unbilled Receivables
IncreaseDecreaseInUnbilledReceivables
9100000 USD
CY2011Q1 us-gaap Interest Costs Incurred
InterestCostsIncurred
-1837000 USD
CY2010Q1 us-gaap Interest Costs Incurred
InterestCostsIncurred
-2275000 USD
CY2010Q1 us-gaap Interest Expense
InterestExpense
0 USD
CY2011Q1 us-gaap Interest Expense
InterestExpense
0 USD
CY2011Q1 us-gaap Interest Paid Net
InterestPaidNet
3034000 USD
CY2010Q1 us-gaap Interest Paid Net
InterestPaidNet
74000 USD
CY2010Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
54873000 USD
CY2011Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
99144000 USD
CY2011Q1 us-gaap Inventory For Long Term Contracts Or Programs
InventoryForLongTermContractsOrPrograms
16021000 USD
CY2010Q4 us-gaap Inventory For Long Term Contracts Or Programs
InventoryForLongTermContractsOrPrograms
4579000 USD
CY2011Q1 us-gaap Inventory For Long Term Contracts Or Programs Description
InventoryForLongTermContractsOrProgramsDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:25px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Balance of Systems Parts. </font><font style="font-family:inherit;font-size:10pt;">Balance of systems parts</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;">represent construction parts purchased for solar power plants under construction, which we hold title of and are not yet installed in a solar power plant. These parts include posts, tilt brackets, cartridges, inverters, and any other parts we purchase or assemble for the solar power plants we construct. Balance of systems parts do not include solar modules. We report these parts at the lower of cost or market, with market being based on either recoverability through installation in a solar power plant under construction or through a sale.&#160; </font></div></div>
CY2011Q1 us-gaap Inventory Net
InventoryNet
271215000 USD
CY2010Q4 us-gaap Inventory Net
InventoryNet
195863000 USD
CY2011Q1 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
199785000 USD
CY2010Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
167889000 USD
CY2010Q4 us-gaap Inventory Noncurrent
InventoryNoncurrent
42728000 USD
CY2011Q1 us-gaap Inventory Noncurrent
InventoryNoncurrent
30607000 USD
CY2010Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
162190000 USD
CY2011Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
175212000 USD
CY2010Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
21528000 USD
CY2011Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
27466000 USD
CY2010Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
5648000 USD
CY2011Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
3023000 USD
CY2011Q1 us-gaap Investment Tax Credit
InvestmentTaxCredit
16300000 USD
CY2011Q1 us-gaap Investments And Cash
InvestmentsAndCash
712952000 USD
CY2010Q4 us-gaap Investments And Cash
InvestmentsAndCash
1113849000 USD
CY2011Q1 us-gaap Liabilities
Liabilities
868132000 USD
CY2010Q4 us-gaap Liabilities
Liabilities
925458000 USD
CY2011Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4433981000 USD
CY2010Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4380403000 USD
CY2010Q4 us-gaap Liabilities Current
LiabilitiesCurrent
469677000 USD
CY2011Q1 us-gaap Liabilities Current
LiabilitiesCurrent
469889000 USD
CY2010Q4 us-gaap Long Term Debt
LongTermDebt
237391000 USD
CY2011Q1 us-gaap Long Term Debt
LongTermDebt
131700000 USD
CY2011Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
103531000 USD
CY2010Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
210804000 USD
CY2010Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
26587000 USD
CY2011Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
28169000 USD
CY2010Q4 us-gaap Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
180271000 USD
CY2011Q1 us-gaap Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
157442000 USD
CY2011Q1 us-gaap Marketable Securities Restricted Noncurrent
MarketableSecuritiesRestrictedNoncurrent
147471000 USD
CY2010Q4 us-gaap Marketable Securities Restricted Noncurrent
MarketableSecuritiesRestrictedNoncurrent
85984000 USD
CY2010 us-gaap Maximum Length Of Time Hedged In Foreign Currency Cash Flow Hedge
MaximumLengthOfTimeHedgedInForeignCurrencyCashFlowHedge
18 months
CY2011Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-111273000 USD
CY2010Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1961000 USD
CY2010Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-262364000 USD
CY2011Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-263416000 USD
CY2010Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
31273000 USD
CY2011Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-43813000 USD
CY2010Q1 us-gaap Net Income Loss
NetIncomeLoss
172345000 USD
CY2011Q1 us-gaap Net Income Loss
NetIncomeLoss
115968000 USD
CY2010Q1 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired
56329000 USD
CY2011Q1 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired
91186000 USD
CY2010Q1 us-gaap Operating Expenses
OperatingExpenses
90895000 USD
CY2011Q1 us-gaap Operating Expenses
OperatingExpenses
130282000 USD
CY2010Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
191141000 USD
CY2011Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
129383000 USD
CY2011Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
64744000 USD
CY2010Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
55344000 USD
CY2011Q1 us-gaap Other Assets Current
OtherAssetsCurrent
111124000 USD
CY2010Q4 us-gaap Other Assets Current
OtherAssetsCurrent
61585000 USD
CY2011Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
45666000 USD
CY2010Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
43488000 USD
CY2010Q1 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
1097000 USD
CY2011Q1 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-7503000 USD
CY2010Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
-32234000 USD
CY2011Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
23795000 USD
CY2011Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-40450000 USD
CY2010Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
36444000 USD
CY2010Q1 us-gaap Other Increase Decrease In Environmental Liabilities
OtherIncreaseDecreaseInEnvironmentalLiabilities
6876000 USD
CY2011Q1 us-gaap Other Increase Decrease In Environmental Liabilities
OtherIncreaseDecreaseInEnvironmentalLiabilities
20769000 USD
CY2010Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
99676000 USD
CY2011Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
85218000 USD
CY2011Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
139142000 USD
CY2010Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
112026000 USD
CY2010Q4 us-gaap Other Noncurrent Liabilities
OtherNoncurrentLiabilities
52878000 USD
CY2011Q1 us-gaap Other Noncurrent Liabilities
OtherNoncurrentLiabilities
72791000 USD
CY2010Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-734000 USD
CY2011Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-349000 USD
CY2011Q1 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
14774000 USD
CY2010Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
27361000 USD
CY2010Q1 us-gaap Payments For Other Operating Activities
PaymentsForOtherOperatingActivities
734000 USD
CY2011Q1 us-gaap Payments For Other Operating Activities
PaymentsForOtherOperatingActivities
401000 USD
CY2010Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1107000 USD
CY2011Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2741000 USD
CY2011Q1 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
12608000 USD
CY2010Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
11226000 USD
CY2010Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1019000 USD
CY2011Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-16000 USD
CY2011Q1 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
157151000 USD
CY2010Q1 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
383757000 USD
CY2011Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
21105000 USD
CY2010Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2011Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
168990000 USD
CY2010Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
105976000 USD
CY2011Q1 us-gaap Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
62748000 USD
CY2010Q1 us-gaap Payments To Acquire Restricted Investments
PaymentsToAcquireRestrictedInvestments
43443000 USD
CY2010Q1 us-gaap Payments To Suppliers And Employees
PaymentsToSuppliersAndEmployees
441079000 USD
CY2011Q1 us-gaap Payments To Suppliers And Employees
PaymentsToSuppliersAndEmployees
495427000 USD
CY2011Q1 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
177831000 USD
CY2010Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
143033000 USD
CY2010Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
46016000 USD
CY2011Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
56308000 USD
CY2011Q1 us-gaap Proceeds From Customers
ProceedsFromCustomers
471600000 USD
CY2010Q1 us-gaap Proceeds From Customers
ProceedsFromCustomers
484261000 USD
CY2011Q1 us-gaap Proceeds From Interest Received
ProceedsFromInterestReceived
1984000 USD
CY2010Q1 us-gaap Proceeds From Interest Received
ProceedsFromInterestReceived
9359000 USD
CY2011Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
67448000 USD
CY2010Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
33756000 USD
CY2010Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
CY2011Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-114000 USD
CY2011Q1 us-gaap Proceeds From Sale And Collection Of Notes Receivable
ProceedsFromSaleAndCollectionOfNotesReceivable
0 USD
CY2010Q1 us-gaap Proceeds From Sale And Collection Of Notes Receivable
ProceedsFromSaleAndCollectionOfNotesReceivable
35817000 USD
CY2011Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
79114000 USD
CY2010Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
200220000 USD
CY2011Q1 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
5269000 USD
CY2010Q1 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
3807000 USD
CY2010Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1430789000 USD
CY2011Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1549529000 USD
CY2011Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 USD
CY2010Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-990000 USD
CY2011Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
113900000 USD
CY2010Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
714000 USD
CY2011Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
31351000 USD
CY2010Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
22888000 USD
CY2010Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
19000 USD
CY2011Q1 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
236000 USD
CY2010Q4 us-gaap Restricted Cash And Investments Noncurrent
RestrictedCashAndInvestmentsNoncurrent
86003000 USD
CY2011Q1 us-gaap Restricted Cash And Investments Noncurrent
RestrictedCashAndInvestmentsNoncurrent
147707000 USD
CY2010Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1665564000 USD
CY2011Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1781532000 USD
CY2011Q1 us-gaap Revenue Recognition Multiple Element Arrangements Other
RevenueRecognitionMultipleElementArrangementsOther
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:26px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue Recognition - Systems Business</font><font style="font-family:inherit;font-size:10pt;">. Our systems business provides a complete solar power system solution, which includes project development, engineering, procurement, and construction (EPC) services, operating and maintenance (O&amp;M) services, when applicable, and project finance, when required. </font></div><div style="line-height:120%;text-align:justify;text-indent:26px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:26px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We base revenue recognition for arrangements entered into by the systems business generally using two revenue recognition models, following the guidance in ASC 605, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Accounting for Long-term Construction Contracts</font><font style="font-family:inherit;font-size:10pt;"> or, for arrangements which include land, ASC 360, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Accounting for Sales of Real Estate. </font></div><div style="line-height:120%;text-align:justify;text-indent:26px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:26px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For construction contracts that do not involve land or land rights and thus are accounted for under ASC 605, we use the percentage-of-completion method using actual costs incurred over total estimated costs to complete a project (including module costs) as our basic accounting policy, unless we cannot make reasonably dependable estimates of the costs to complete the contract, in which case we would use the completed contract method. We periodically revise our contract cost and profit estimates and we immediately recognize any losses that we identify on contracts. Incurred costs include all direct materials, costs for solar modules, labor, subcontractor costs, and those indirect costs related to contract performance, such as indirect labor, supplies, and tools. We recognize direct material costs as incurred costs when the direct materials have been installed. When contracts specify that title to direct materials transfers to the customer before installation has been performed, we defer revenue and associated costs and recognize them once those materials are installed and have met any other revenue recognition requirements. We consider direct materials to be installed when they are permanently attached or fitted to the solar power systems as required by engineering designs.</font></div><div style="line-height:120%;text-align:justify;text-indent:26px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:26px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For arrangements recognized under ASC 360, typically when we have gained control of land or land rights, we record the sale as revenue after construction of a project is complete, we have transferred the usual risks and rewards of ownership to the buyer, and we have received payment from the buyer. We apply the percentage-of-completion method to certain contracts covered under ASC 360, when the sale has been consummated, the initial or continuing investment criteria have been met, we have the ability to estimate our costs and progress toward completion, and other revenue recognition criteria have been met. Depending on the value of the initial and continuing payment commitment by the buyer, we generally align our revenue recognition and release of project assets to cost of sales with the receipt of payment from the buyer for contracts accounted for under ASC 360.</font></div></div>
CY2011Q1 us-gaap Sales Revenue Net
SalesRevenueNet
567293000 USD
CY2010Q1 us-gaap Sales Revenue Net
SalesRevenueNet
567961000 USD
CY2010Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
0 USD
CY2011Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
0 USD
CY2010Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
66864000 USD
CY2011Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
87000000 USD
CY2010Q1 us-gaap Share Based Compensation
ShareBasedCompensation
19475000 USD
CY2011Q1 us-gaap Share Based Compensation
ShareBasedCompensation
25567000 USD
CY2011Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardCompensationCost
25567000 USD
CY2010Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardCompensationCost
19474000 USD
CY2011Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
32141000 USD
CY2010Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
27894000 USD
CY2009Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
22583000 USD
CY2010Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
23375000 USD
CY2010Q1 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
8461000 USD
CY2011Q1 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
12608000 USD
CY2010Q1 us-gaap Standard Product Warranty Accrual Noncurrent
StandardProductWarrantyAccrualNoncurrent
14914000 USD
CY2011Q1 us-gaap Standard Product Warranty Accrual Noncurrent
StandardProductWarrantyAccrualNoncurrent
19533000 USD
CY2011Q1 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
3586000 USD
CY2010Q1 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
5850000 USD
CY2010Q1 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
2835000 USD
CY2011Q1 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
2564000 USD
CY2011Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3565849000 USD
CY2010Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3454945000 USD
CY2011Q1 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
10582000 USD
CY2010Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
1482000 USD
CY2010Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1587000 shares
CY2011Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1729000 shares
CY2011Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
87053000 shares
CY2010Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
86092000 shares
CY2010Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
84505000 shares
CY2011Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
85324000 shares

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0001274494-11-000021-index-headers.html Edgar Link pending
0001274494-11-000021-index.html Edgar Link pending
0001274494-11-000021.txt Edgar Link pending
0001274494-11-000021-xbrl.zip Edgar Link pending
defnref.xml Edgar Link unprocessable
ex101employmentagreementm.htm Edgar Link pending
ex102employmentagreeement.htm Edgar Link pending
ex103employmentagreementm.htm Edgar Link pending
ex104amendmenttonon-compe.htm Edgar Link pending
ex3101ceocertificationmar1.htm Edgar Link pending
ex3102cfocertificationmar1.htm Edgar Link pending
ex3201ceocfocertification.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
fslogo123110a01.jpg Edgar Link pending
fslr-20110331.xml Edgar Link completed
fslr-20110331.xsd Edgar Link pending
fslr-20110331_cal.xml Edgar Link unprocessable
fslr-20110331_def.xml Edgar Link unprocessable
fslr-20110331_lab.xml Edgar Link unprocessable
fslr-20110331_pre.xml Edgar Link unprocessable
fslrmar1110q.htm Edgar Link pending
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