2023 Q3 Form 10-Q Financial Statement

#000127449423000022 Filed on July 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $801.1M $810.7M
YoY Change 27.37% 30.55%
Cost Of Revenue $424.9M $500.3M
YoY Change -30.11% -22.34%
Gross Profit $376.2M $310.4M
YoY Change 1692.85% -1438.02%
Gross Profit Margin 46.96% 38.29%
Selling, General & Admin $50.17M $46.33M
YoY Change 8.2% 19.11%
% of Gross Profit 13.34% 14.92%
Research & Development $41.19M $36.75M
YoY Change 41.14% 45.65%
% of Gross Profit 10.95% 11.84%
Depreciation & Amortization $77.70M $71.71M
YoY Change 15.24% 7.74%
% of Gross Profit 20.66% 23.1%
Operating Expenses $103.4M $142.0M
YoY Change 8.5% 83.62%
Operating Profit $273.0M $168.5M
YoY Change -499.35% 16.36%
Interest Expense $3.734M $1.415M
YoY Change 24.84% -56.27%
% of Operating Profit 1.37% 0.84%
Other Income/Expense, Net -$1.033M $997.0K
YoY Change -121.64% -152.95%
Pretax Income $290.5M $188.5M
YoY Change -570.92% 35.0%
Income Tax $22.07M $17.89M
% Of Pretax Income 7.6% 9.49%
Net Earnings $268.4M $170.6M
YoY Change -645.88% 205.67%
Net Earnings / Revenue 33.5% 21.04%
Basic Earnings Per Share $2.51 $1.60
Diluted Earnings Per Share $2.50 $1.59
COMMON SHARES
Basic Shares Outstanding 106.8M shares 106.8M shares
Diluted Shares Outstanding 107.5M shares 107.3M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.822B $1.884B
YoY Change -5.43% 1.68%
Cash & Equivalents $1.493B $829.9M
Short-Term Investments $329.5M $1.054B
Other Short-Term Assets $331.6M $352.2M
YoY Change 37.99% 48.02%
Inventory $882.8M $756.2M
Prepaid Expenses $51.74M $53.30M
Receivables $753.5M $631.3M
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.824B $3.661B
YoY Change 14.53% 8.2%
LONG-TERM ASSETS
Property, Plant & Equipment $4.073B $4.020B
YoY Change 30.37% 34.5%
Goodwill $28.47M $28.65M
YoY Change 96.88% 98.08%
Intangibles $66.38M $70.44M
YoY Change 81.21% 81.87%
Long-Term Investments $183.7M $194.7M
YoY Change 0.82% -2.8%
Other Assets $430.3M $414.0M
YoY Change 38.26% 34.87%
Total Long-Term Assets $5.759B $5.336B
YoY Change 38.63% 32.22%
TOTAL ASSETS
Total Short-Term Assets $3.824B $3.661B
Total Long-Term Assets $5.759B $5.336B
Total Assets $9.583B $8.997B
YoY Change 27.89% 21.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $110.8M $245.8M
YoY Change -41.15% 52.73%
Accrued Expenses $600.4M $303.3M
YoY Change 80.23% -11.88%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $35.41M
YoY Change 551.5%
Total Short-Term Liabilities $1.199B $1.091B
YoY Change 46.9% 35.72%
LONG-TERM LIABILITIES
Long-Term Debt $464.0M $437.4M
YoY Change 82.53% 157.27%
Other Long-Term Liabilities $137.4M $140.3M
YoY Change -71.0% -66.27%
Total Long-Term Liabilities $601.4M $577.7M
YoY Change -17.39% -1.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.199B $1.091B
Total Long-Term Liabilities $601.4M $577.7M
Total Liabilities $3.280B $2.958B
YoY Change 97.07% 94.12%
SHAREHOLDERS EQUITY
Retained Earnings $3.622B $3.353B
YoY Change 15.06% 4.89%
Common Stock $2.880B $2.872B
YoY Change -0.03% 0.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.302B $6.040B
YoY Change
Total Liabilities & Shareholders Equity $9.583B $8.997B
YoY Change 27.89% 21.27%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $268.4M $170.6M
YoY Change -645.88% 205.67%
Depreciation, Depletion And Amortization $77.70M $71.71M
YoY Change 15.24% 7.74%
Cash From Operating Activities $165.5M -$89.68M
YoY Change 28.32% -201.89%
INVESTING ACTIVITIES
Capital Expenditures $286.2M $382.7M
YoY Change -228.19% -292.61%
Acquisitions
YoY Change
Other Investing Activities $730.2M $284.3M
YoY Change -235.84% -16.36%
Cash From Investing Activities $444.0M -$98.39M
YoY Change -158.36% -169.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 59.50M 108.9M
YoY Change -29.04% -9.14%
NET CHANGE
Cash From Operating Activities 165.5M -89.68M
Cash From Investing Activities 444.0M -98.39M
Cash From Financing Activities 59.50M 108.9M
Net Change In Cash 669.0M -79.18M
YoY Change -222.08% -122.68%
FREE CASH FLOW
Cash From Operating Activities $165.5M -$89.68M
Capital Expenditures $286.2M $382.7M
Free Cash Flow -$120.7M -$472.4M
YoY Change -134.27% -264.76%

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AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
1963000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
383000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
1096712000 usd
CY2023Q2 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Fair Value
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue
978855000 usd
CY2023Q2 fslr Debt Securities Availableforsale Maturities Rolling Year One Through Two
DebtSecuritiesAvailableforsaleMaturitiesRollingYearOneThroughTwo
66830000 usd
CY2023Q2 fslr Debt Securities Availableforsale Maturities Rolling Year Two Through Three
DebtSecuritiesAvailableforsaleMaturitiesRollingYearTwoThroughThree
4454000 usd
CY2023Q2 fslr Debt Securities Availableforsale Maturities Rolling Year Three Through Four
DebtSecuritiesAvailableforsaleMaturitiesRollingYearThreeThroughFour
0 usd
CY2023Q2 fslr Debt Securities Available For Sale Maturities Rolling Year Four Through Five
DebtSecuritiesAvailableForSaleMaturitiesRollingYearFourThroughFive
0 usd
CY2023Q2 fslr Debt Securities Available For Sale Maturities Rolling Year More Than Five
DebtSecuritiesAvailableForSaleMaturitiesRollingYearMoreThanFive
3905000 usd
CY2023Q2 us-gaap Available For Sale Securities Debt Securities Current
AvailableForSaleSecuritiesDebtSecuritiesCurrent
1054044000 usd
fslr Product Minimum Service Life
ProductMinimumServiceLife
P25Y
CY2022Q4 us-gaap Prepaid Taxes
PrepaidTaxes
8314000 usd
CY2023Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
8262000 usd
CY2022Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
3175000 usd
CY2023Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
632620000 usd
CY2022Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
325379000 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1285000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1042000 usd
CY2023Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
631335000 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
324337000 usd
CY2023Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
413279000 usd
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
397912000 usd
CY2023Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
83156000 usd
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
66641000 usd
CY2023Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
516907000 usd
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
417218000 usd
CY2023Q2 fslr Inventory Current And Noncurrent Net
InventoryCurrentAndNoncurrentNet
1013342000 usd
CY2022Q4 fslr Inventory Current And Noncurrent Net
InventoryCurrentAndNoncurrentNet
881771000 usd
CY2023Q2 us-gaap Inventory Net
InventoryNet
756173000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
621376000 usd
CY2023Q2 us-gaap Inventory Noncurrent
InventoryNoncurrent
257169000 usd
CY2022Q4 us-gaap Inventory Noncurrent
InventoryNoncurrent
260395000 usd
CY2023Q2 fslr Spare Maintenance Materials And Parts
SpareMaintenanceMaterialsAndParts
131035000 usd
CY2022Q4 fslr Spare Maintenance Materials And Parts
SpareMaintenanceMaterialsAndParts
114428000 usd
CY2023Q2 fslr Operating Supplies
OperatingSupplies
62581000 usd
CY2022Q4 fslr Operating Supplies
OperatingSupplies
47492000 usd
CY2023Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
53300000 usd
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
43262000 usd
CY2023Q2 us-gaap Insurance Settlements Receivable Current
InsuranceSettlementsReceivableCurrent
51300000 usd
CY2022Q4 us-gaap Insurance Settlements Receivable Current
InsuranceSettlementsReceivableCurrent
0 usd
CY2023Q2 us-gaap Prepaid Taxes
PrepaidTaxes
13574000 usd
CY2023Q2 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
1146000 usd
CY2022Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
2018000 usd
CY2023Q2 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
30983000 usd
CY2022Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
18384000 usd
CY2023Q2 us-gaap Other Assets Current
OtherAssetsCurrent
352181000 usd
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
237073000 usd
CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5625612000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4999674000 usd
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1605434000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1462772000 usd
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4020178000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3536902000 usd
CY2023Q2 fslr Advanced Payments For Raw Materials Noncurrent
AdvancedPaymentsForRawMaterialsNoncurrent
141062000 usd
CY2022Q4 fslr Advanced Payments For Raw Materials Noncurrent
AdvancedPaymentsForRawMaterialsNoncurrent
91260000 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
89747000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
93185000 usd
CY2023Q2 us-gaap Income Taxes Receivable Noncurrent
IncomeTaxesReceivableNoncurrent
70818000 usd
CY2022Q4 us-gaap Income Taxes Receivable Noncurrent
IncomeTaxesReceivableNoncurrent
56993000 usd
CY2023Q2 fslr Project Assets Noncurrent
ProjectAssetsNoncurrent
27870000 usd
CY2022Q4 fslr Project Assets Noncurrent
ProjectAssetsNoncurrent
30108000 usd
CY2023Q2 fslr Accounts Receivable Unbilled Noncurrent After Allowance For Credit Loss
AccountsReceivableUnbilledNoncurrentAfterAllowanceForCreditLoss
4229000 usd
CY2022Q4 fslr Accounts Receivable Unbilled Noncurrent After Allowance For Credit Loss
AccountsReceivableUnbilledNoncurrentAfterAllowanceForCreditLoss
11498000 usd
CY2023Q2 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
3227000 usd
CY2022Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
2734000 usd
CY2023Q2 us-gaap Restricted Cash Equivalents Noncurrent
RestrictedCashEquivalentsNoncurrent
3194000 usd
CY2022Q4 us-gaap Restricted Cash Equivalents Noncurrent
RestrictedCashEquivalentsNoncurrent
6284000 usd
CY2023Q2 us-gaap Accounts Receivable Net Noncurrent
AccountsReceivableNetNoncurrent
0 usd
CY2022Q4 us-gaap Accounts Receivable Net Noncurrent
AccountsReceivableNetNoncurrent
1500000 usd
CY2023Q2 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
73856000 usd
CY2022Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
62630000 usd
CY2023Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
414003000 usd
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
356192000 usd
CY2023Q2 fslr Accrued Property Plant And Equipment
AccruedPropertyPlantAndEquipment
104740000 usd
CY2022Q4 fslr Accrued Property Plant And Equipment
AccruedPropertyPlantAndEquipment
148777000 usd
CY2023Q2 fslr Accrued Inventory
AccruedInventory
56144000 usd
CY2022Q4 fslr Accrued Inventory
AccruedInventory
44679000 usd
CY2023Q2 fslr Accrued Freight
AccruedFreight
44938000 usd
CY2022Q4 fslr Accrued Freight
AccruedFreight
77136000 usd
CY2023Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
30304000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
47939000 usd
CY2023Q2 fslr Accrued Other Taxes
AccruedOtherTaxes
12546000 usd
CY2022Q4 fslr Accrued Other Taxes
AccruedOtherTaxes
19765000 usd
CY2023Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
9243000 usd
CY2022Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
10660000 usd
CY2023Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
45407000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
33826000 usd
CY2023Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
303322000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
382782000 usd
CY2023Q2 us-gaap Litigation Reserve Current
LitigationReserveCurrent
86890000 usd
CY2022Q4 us-gaap Litigation Reserve Current
LitigationReserveCurrent
0 usd
CY2023Q2 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
12875000 usd
CY2022Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
6668000 usd
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9693000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9193000 usd
CY2023Q2 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
7500000 usd
CY2022Q4 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
0 usd
CY2023Q2 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
5202000 usd
CY2022Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
5384000 usd
CY2023Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
122160000 usd
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
21245000 usd
CY2023Q2 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
43812000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
28929000 usd
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
36194000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
40589000 usd
CY2023Q2 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
22726000 usd
CY2022Q4 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
23127000 usd
CY2023Q2 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
11000000 usd
CY2022Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
0 usd
CY2023Q2 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
26521000 usd
CY2022Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
27292000 usd
CY2023Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
140253000 usd
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
119937000 usd
CY2023Q2 us-gaap Government Assistance Amount
GovernmentAssistanceAmount
155007000 usd
CY2022Q2 us-gaap Government Assistance Amount
GovernmentAssistanceAmount
0 usd
us-gaap Government Assistance Amount
GovernmentAssistanceAmount
225121000 usd
us-gaap Government Assistance Amount
GovernmentAssistanceAmount
0 usd
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
3014000 usd
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
4232000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
5951000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
8609000 usd
CY2023Q2 us-gaap Variable Lease Cost
VariableLeaseCost
1121000 usd
CY2022Q2 us-gaap Variable Lease Cost
VariableLeaseCost
604000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
2016000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
1203000 usd
CY2023Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
98000 usd
CY2022Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
221000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
168000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
252000 usd
CY2023Q2 us-gaap Lease Cost
LeaseCost
4233000 usd
CY2022Q2 us-gaap Lease Cost
LeaseCost
5057000 usd
us-gaap Lease Cost
LeaseCost
8135000 usd
us-gaap Lease Cost
LeaseCost
10064000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
5721000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
9259000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1080000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3754000 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
89747000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
93185000 usd
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9693000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9193000 usd
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
36194000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
40589000 usd
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.051
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.051
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
5814000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
11154000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
10033000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
8263000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
5776000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
5531000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
5857000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
52428000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
6541000 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
45887000 usd
CY2023Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
438000000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
185000000 usd
CY2023Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
590000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
651000 usd
CY2023Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
437410000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
184349000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
0 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
31054000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
79628000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
79629000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
79672000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
79716000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
88301000 usd
CY2023Q2 us-gaap Long Term Debt
LongTermDebt
438000000 usd
CY2023Q2 fslr Surety Bonds
SuretyBonds
28300000 usd
CY2023Q2 fslr Surety Bond Capacity
SuretyBondCapacity
232000000.0 usd
CY2023Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
33315000 usd
CY2022Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
47016000 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
33787000 usd
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
52553000 usd
CY2023Q2 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
851000 usd
CY2022Q2 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1425000 usd
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1845000 usd
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
2273000 usd
CY2023Q2 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
1867000 usd
CY2022Q2 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
1252000 usd
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
3193000 usd
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
7254000 usd
CY2023Q2 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-330000 usd
CY2022Q2 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-60000 usd
us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-470000 usd
us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-443000 usd
CY2023Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
31969000 usd
CY2022Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
47129000 usd
CY2023Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
31969000 usd
CY2023Q2 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
9243000 usd
CY2022Q2 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
11553000 usd
CY2023Q2 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
9243000 usd
CY2022Q2 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
11553000 usd
CY2023Q2 us-gaap Standard Product Warranty Accrual Noncurrent
StandardProductWarrantyAccrualNoncurrent
22726000 usd
CY2022Q2 us-gaap Standard Product Warranty Accrual Noncurrent
StandardProductWarrantyAccrualNoncurrent
35576000 usd
CY2023Q2 us-gaap Standard Product Warranty Accrual Noncurrent
StandardProductWarrantyAccrualNoncurrent
22726000 usd
CY2022Q2 us-gaap Standard Product Warranty Accrual Noncurrent
StandardProductWarrantyAccrualNoncurrent
35576000 usd
CY2023Q2 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
2500000 usd
CY2022Q4 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
2500000 usd
CY2023Q2 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
53800000 usd
CY2023Q2 fslr Guarantor Obligations Potential Recoveries
GuarantorObligationsPotentialRecoveries
27300000 usd
CY2023Q2 fslr Solar Module Collection And Recycling Liability
SolarModuleCollectionAndRecyclingLiability
132100000 usd
CY2022Q4 fslr Solar Module Collection And Recycling Liability
SolarModuleCollectionAndRecyclingLiability
128100000 usd
CY2023Q2 us-gaap Revenues
Revenues
810673000 usd
CY2022Q2 us-gaap Revenues
Revenues
620955000 usd
us-gaap Revenues
Revenues
1358959000 usd
us-gaap Revenues
Revenues
987995000 usd
CY2023Q2 fslr Increase Decreasein Revenuefrom Net Changesin Transaction Price
IncreaseDecreaseinRevenuefromNetChangesinTransactionPrice
6900000 usd
fslr Increase Decreasein Revenuefrom Net Changesin Transaction Price
IncreaseDecreaseinRevenuefromNetChangesinTransactionPrice
12300000 usd
CY2023Q2 fslr Net Changein Estimateasa Percentageof Aggregate Revenuefor Associated Projects
NetChangeinEstimateasaPercentageofAggregateRevenueforAssociatedProjects
0.019
fslr Net Changein Estimateasa Percentageof Aggregate Revenuefor Associated Projects
NetChangeinEstimateasaPercentageofAggregateRevenueforAssociatedProjects
0.031
CY2023Q2 fslr Accounts Receivable Unbilled Total Current And Noncurrent After Allowance For Credit Losses
AccountsReceivableUnbilledTotalCurrentAndNoncurrentAfterAllowanceForCreditLosses
41313000 usd
CY2022Q4 fslr Accounts Receivable Unbilled Total Current And Noncurrent After Allowance For Credit Losses
AccountsReceivableUnbilledTotalCurrentAndNoncurrentAfterAllowanceForCreditLosses
42152000 usd
fslr Contract Asset Net Change
ContractAssetNetChange
-839000 usd
fslr Contract Asset Percent Change
ContractAssetPercentChange
-0.02
CY2023Q2 us-gaap Deferred Revenue
DeferredRevenue
1547421000 usd
CY2022Q4 us-gaap Deferred Revenue
DeferredRevenue
1207940000 usd
fslr Contract Liability Net Change
ContractLiabilityNetChange
339481000 usd
fslr Contract Liability Percent Change
ContractLiabilityPercentChange
0.28
CY2023Q2 fslr Accounts Receivable Unbilled Noncurrent After Allowance For Credit Loss
AccountsReceivableUnbilledNoncurrentAfterAllowanceForCreditLoss
4200000 usd
CY2022Q4 fslr Accounts Receivable Unbilled Noncurrent After Allowance For Credit Loss
AccountsReceivableUnbilledNoncurrentAfterAllowanceForCreditLoss
11500000 usd
fslr Contract Asset Net Change
ContractAssetNetChange
-800000 usd
fslr Contract Liability Net Change
ContractLiabilityNetChange
339500000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
215500000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
114400000 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8411000 usd
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5764000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
15011000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9267000 usd
CY2022Q3 fslr Corporate Alternative Minimum Tax Inflation Reduction Act Percent
CorporateAlternativeMinimumTaxInflationReductionActPercent
0.15
CY2022Q3 fslr Excise Tax On Stock Buybacks Inflation Reduction Act Percent
ExciseTaxOnStockBuybacksInflationReductionActPercent
0.01
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.049
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.837
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
170579000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
55805000 usd
us-gaap Net Income Loss
NetIncomeLoss
213140000 usd
us-gaap Net Income Loss
NetIncomeLoss
12550000 usd
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
106827000 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
106586000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
106791000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
106500000 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
106827000 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
106586000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
106791000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
106500000 shares
CY2023Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
451000 shares
CY2022Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
470000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
465000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
465000 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
107278000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
107056000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
107256000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
106965000 shares
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.60
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.52
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.00
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.59
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.52
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.99
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
45000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
24000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
45000 shares
CY2023Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
-2006000 usd
CY2022Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
4807000 usd
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
-4538000 usd
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
5362000 usd
CY2023Q2 us-gaap Revenues
Revenues
810673000 usd
CY2022Q2 us-gaap Revenues
Revenues
620955000 usd
CY2023Q2 us-gaap Gross Profit
GrossProfit
310420000 usd
CY2022Q2 us-gaap Gross Profit
GrossProfit
-23200000 usd
CY2023Q2 us-gaap Cost Depreciation Amortization And Depletion
CostDepreciationAmortizationAndDepletion
72589000 usd
CY2022Q2 us-gaap Cost Depreciation Amortization And Depletion
CostDepreciationAmortizationAndDepletion
60165000 usd
us-gaap Revenues
Revenues
1358959000 usd
us-gaap Revenues
Revenues
987995000 usd
us-gaap Gross Profit
GrossProfit
422471000 usd
us-gaap Gross Profit
GrossProfit
-11737000 usd
us-gaap Cost Depreciation Amortization And Depletion
CostDepreciationAmortizationAndDepletion
134174000 usd
us-gaap Cost Depreciation Amortization And Depletion
CostDepreciationAmortizationAndDepletion
119210000 usd
CY2023Q2 us-gaap Goodwill
Goodwill
28646000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
14462000 usd
CY2023Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
true

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