2023 Q4 Form 10-Q Financial Statement

#000127449423000025 Filed on October 31, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $1.159B $801.1M
YoY Change 15.58% 27.37%
Cost Of Revenue $656.5M $424.9M
YoY Change -30.29% -30.11%
Gross Profit $502.0M $376.2M
YoY Change 728.26% 1692.85%
Gross Profit Margin 43.33% 46.96%
Selling, General & Admin $66.94M $50.17M
YoY Change -11.31% 8.2%
% of Gross Profit 13.33% 13.34%
Research & Development $43.86M $41.19M
YoY Change 40.21% 41.14%
% of Gross Profit 8.74% 10.95%
Depreciation & Amortization $89.69M $77.70M
YoY Change 27.15% 15.24%
% of Gross Profit 17.87% 20.66%
Operating Expenses $110.8M $103.4M
YoY Change 3.79% 8.5%
Operating Profit $391.2M $273.0M
YoY Change -947.83% -499.35%
Interest Expense $6.550M $3.734M
YoY Change -39.49% 24.84%
% of Operating Profit 1.67% 1.37%
Other Income/Expense, Net -$27.65M -$1.033M
YoY Change -196.99% -121.64%
Pretax Income $376.7M $290.5M
YoY Change -5831.6% -570.92%
Income Tax $27.44M $22.07M
% Of Pretax Income 7.29% 7.6%
Net Earnings $349.2M $268.4M
YoY Change -4726.91% -645.88%
Net Earnings / Revenue 30.14% 33.5%
Basic Earnings Per Share $2.51
Diluted Earnings Per Share $3.25 $2.50
COMMON SHARES
Basic Shares Outstanding 106.8M shares 106.8M shares
Diluted Shares Outstanding 107.5M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.102B $1.822B
YoY Change -18.44% -5.43%
Cash & Equivalents $1.947B $1.493B
Short-Term Investments $155.5M $329.5M
Other Short-Term Assets $391.9M $331.6M
YoY Change 65.31% 37.99%
Inventory $819.9M $882.8M
Prepaid Expenses $62.48M $51.74M
Receivables $660.8M $753.5M
Other Receivables $746.8M $0.00
Total Short-Term Assets $4.635B $3.824B
YoY Change 22.24% 14.53%
LONG-TERM ASSETS
Property, Plant & Equipment $4.397B $4.073B
YoY Change 24.33% 30.37%
Goodwill $29.69M $28.47M
YoY Change 105.28% 96.88%
Intangibles $64.51M $66.38M
YoY Change 107.39% 81.21%
Long-Term Investments $198.3M $183.7M
YoY Change 8.92% 0.82%
Other Assets $478.6M $430.3M
YoY Change 49.64% 38.26%
Total Long-Term Assets $5.730B $5.759B
YoY Change 28.49% 38.63%
TOTAL ASSETS
Total Short-Term Assets $4.635B $3.824B
Total Long-Term Assets $5.730B $5.759B
Total Assets $10.37B $9.583B
YoY Change 25.62% 27.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $207.2M $110.8M
YoY Change -39.32% -41.15%
Accrued Expenses $524.8M $600.4M
YoY Change 37.11% 80.23%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $96.24M $35.41M
YoY Change 551.5%
Total Short-Term Liabilities $1.306B $1.199B
YoY Change 25.83% 46.9%
LONG-TERM LIABILITIES
Long-Term Debt $464.1M $464.0M
YoY Change 151.73% 82.53%
Other Long-Term Liabilities $180.7M $137.4M
YoY Change 50.67% -71.0%
Total Long-Term Liabilities $644.8M $601.4M
YoY Change 111.9% -17.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.306B $1.199B
Total Long-Term Liabilities $644.8M $601.4M
Total Liabilities $3.678B $3.280B
YoY Change 52.27% 97.07%
SHAREHOLDERS EQUITY
Retained Earnings $3.971B $3.622B
YoY Change 26.46% 15.06%
Common Stock $2.891B $2.880B
YoY Change 0.1% -0.03%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.687B $6.302B
YoY Change
Total Liabilities & Shareholders Equity $10.37B $9.583B
YoY Change 25.62% 27.89%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $349.2M $268.4M
YoY Change -4726.91% -645.88%
Depreciation, Depletion And Amortization $89.69M $77.70M
YoY Change 27.15% 15.24%
Cash From Operating Activities $561.1M $165.5M
YoY Change -29.44% 28.32%
INVESTING ACTIVITIES
Capital Expenditures $346.9M $286.2M
YoY Change 6.12% -228.19%
Acquisitions
YoY Change
Other Investing Activities $173.8M $730.2M
YoY Change -171.46% -235.84%
Cash From Investing Activities -$173.2M $444.0M
YoY Change -69.62% -158.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 60.74M 59.50M
YoY Change -39.22% -29.04%
NET CHANGE
Cash From Operating Activities 561.1M 165.5M
Cash From Investing Activities -173.2M 444.0M
Cash From Financing Activities 60.74M 59.50M
Net Change In Cash 448.7M 669.0M
YoY Change 38.02% -222.08%
FREE CASH FLOW
Cash From Operating Activities $561.1M $165.5M
Capital Expenditures $346.9M $286.2M
Free Cash Flow $214.2M -$120.7M
YoY Change -54.26% -134.27%

Facts In Submission

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AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1684451000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1462772000 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4072857000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3536902000 usd
CY2023Q3 fslr Advanced Payments For Raw Materials Noncurrent
AdvancedPaymentsForRawMaterialsNoncurrent
163192000 usd
CY2022Q4 fslr Advanced Payments For Raw Materials Noncurrent
AdvancedPaymentsForRawMaterialsNoncurrent
91260000 usd
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
81512000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
93185000 usd
CY2023Q3 us-gaap Income Taxes Receivable Noncurrent
IncomeTaxesReceivableNoncurrent
70818000 usd
CY2022Q4 us-gaap Income Taxes Receivable Noncurrent
IncomeTaxesReceivableNoncurrent
56993000 usd
CY2023Q3 fslr Project Assets Noncurrent
ProjectAssetsNoncurrent
26906000 usd
CY2022Q4 fslr Project Assets Noncurrent
ProjectAssetsNoncurrent
30108000 usd
CY2023Q3 us-gaap Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
22443000 usd
CY2022Q4 us-gaap Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
11714000 usd
CY2023Q3 us-gaap Restricted Cash Equivalents Noncurrent
RestrictedCashEquivalentsNoncurrent
5756000 usd
CY2022Q4 us-gaap Restricted Cash Equivalents Noncurrent
RestrictedCashEquivalentsNoncurrent
6284000 usd
CY2023Q3 fslr Accounts Receivable Unbilled Noncurrent After Allowance For Credit Loss
AccountsReceivableUnbilledNoncurrentAfterAllowanceForCreditLoss
4691000 usd
CY2022Q4 fslr Accounts Receivable Unbilled Noncurrent After Allowance For Credit Loss
AccountsReceivableUnbilledNoncurrentAfterAllowanceForCreditLoss
11498000 usd
CY2023Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
3266000 usd
CY2022Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
2734000 usd
CY2023Q3 us-gaap Accounts Receivable Net Noncurrent
AccountsReceivableNetNoncurrent
0 usd
CY2022Q4 us-gaap Accounts Receivable Net Noncurrent
AccountsReceivableNetNoncurrent
1500000 usd
CY2023Q3 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
51682000 usd
CY2022Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
50916000 usd
CY2023Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
430266000 usd
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
356192000 usd
CY2023Q3 fslr Accrued Inventory
AccruedInventory
232503000 usd
CY2022Q4 fslr Accrued Inventory
AccruedInventory
44679000 usd
CY2023Q3 fslr Accrued Property Plant And Equipment
AccruedPropertyPlantAndEquipment
178077000 usd
CY2022Q4 fslr Accrued Property Plant And Equipment
AccruedPropertyPlantAndEquipment
148777000 usd
CY2023Q3 fslr Accrued Freight
AccruedFreight
64668000 usd
CY2022Q4 fslr Accrued Freight
AccruedFreight
77136000 usd
CY2023Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
37697000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
47939000 usd
CY2023Q3 fslr Accrued Other Taxes
AccruedOtherTaxes
20172000 usd
CY2022Q4 fslr Accrued Other Taxes
AccruedOtherTaxes
19765000 usd
CY2023Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
7647000 usd
CY2022Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
10660000 usd
CY2023Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
59657000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
33826000 usd
CY2023Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
600421000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
382782000 usd
CY2023Q3 us-gaap Litigation Reserve Current
LitigationReserveCurrent
21800000 usd
CY2022Q4 us-gaap Litigation Reserve Current
LitigationReserveCurrent
0 usd
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9647000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9193000 usd
CY2023Q3 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
7500000 usd
CY2022Q4 us-gaap Business Combination Contingent Consideration Liability Current
BusinessCombinationContingentConsiderationLiabilityCurrent
0 usd
CY2023Q3 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
2959000 usd
CY2022Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
6668000 usd
CY2023Q3 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
4824000 usd
CY2022Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
5384000 usd
CY2023Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
46730000 usd
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
21245000 usd
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
3034000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
8931000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
11643000 usd
CY2023Q3 us-gaap Variable Lease Cost
VariableLeaseCost
512000 usd
CY2023Q3 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
47632000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
28929000 usd
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
34222000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
40589000 usd
CY2023Q3 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
18500000 usd
CY2022Q4 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
23127000 usd
CY2023Q3 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
11000000 usd
CY2022Q4 us-gaap Business Combination Contingent Consideration Liability Noncurrent
BusinessCombinationContingentConsiderationLiabilityNoncurrent
0 usd
CY2023Q3 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
26037000 usd
CY2022Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
27292000 usd
CY2023Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
137391000 usd
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
119937000 usd
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
2980000 usd
CY2022Q3 us-gaap Variable Lease Cost
VariableLeaseCost
635000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
2528000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
1838000 usd
CY2023Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
150000 usd
CY2022Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
48000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
318000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
300000 usd
CY2023Q3 us-gaap Lease Cost
LeaseCost
3642000 usd
CY2022Q3 us-gaap Lease Cost
LeaseCost
3717000 usd
us-gaap Lease Cost
LeaseCost
11777000 usd
us-gaap Lease Cost
LeaseCost
13781000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
8513000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
11867000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1791000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3992000 usd
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
81512000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
93185000 usd
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9647000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9193000 usd
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
34222000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
40589000 usd
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y
CY2023Q3 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
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2903000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
11340000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
10365000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
8255000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
5760000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
5873000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
5313000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
49809000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
5940000 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
43869000 usd
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
500000000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
185000000 usd
CY2023Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
551000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
651000 usd
CY2023Q3 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
499449000 usd
CY2022Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
184349000 usd
CY2023Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
35409000 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
0 usd
CY2023Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
464040000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
184349000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
0 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
35450000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
90900000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
90900000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
90950000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
91000000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
100800000 usd
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
500000000 usd
CY2023Q3 fslr Surety Bonds
SuretyBonds
21600000 usd
CY2023Q3 fslr Surety Bond Capacity
SuretyBondCapacity
232000000.0 usd
CY2023Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
31969000 usd
CY2022Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
47129000 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
33787000 usd
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
52553000 usd
CY2023Q3 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1310000 usd
CY2022Q3 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1376000 usd
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
3155000 usd
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
3649000 usd
CY2023Q3 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
1326000 usd
CY2022Q3 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
3160000 usd
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
4519000 usd
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
10414000 usd
CY2023Q3 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-5806000 usd
CY2022Q3 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-10360000 usd
us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-6276000 usd
us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-10803000 usd
CY2023Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
26147000 usd
CY2022Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
34985000 usd
CY2023Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
26147000 usd
CY2022Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
34985000 usd
CY2023Q3 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
7647000 usd
CY2022Q3 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
11039000 usd
CY2023Q3 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
7647000 usd
CY2022Q3 us-gaap Standard Product Warranty Accrual Current
StandardProductWarrantyAccrualCurrent
11039000 usd
CY2023Q3 us-gaap Standard Product Warranty Accrual Noncurrent
StandardProductWarrantyAccrualNoncurrent
18500000 usd
CY2022Q3 us-gaap Standard Product Warranty Accrual Noncurrent
StandardProductWarrantyAccrualNoncurrent
23946000 usd
CY2023Q3 us-gaap Standard Product Warranty Accrual Noncurrent
StandardProductWarrantyAccrualNoncurrent
18500000 usd
CY2022Q3 us-gaap Standard Product Warranty Accrual Noncurrent
StandardProductWarrantyAccrualNoncurrent
23946000 usd
CY2023Q3 us-gaap Standard Product Warranty Accrual Period Increase Decrease
StandardProductWarrantyAccrualPeriodIncreaseDecrease
-5700000 usd
CY2022Q3 us-gaap Standard Product Warranty Accrual Period Increase Decrease
StandardProductWarrantyAccrualPeriodIncreaseDecrease
-10200000 usd
CY2022Q3 fslr Change In Estimate Of Module Collection And Recycling Liability
ChangeInEstimateOfModuleCollectionAndRecyclingLiability
7500000 usd
CY2023Q3 fslr Solar Module Collection And Recycling Liability
SolarModuleCollectionAndRecyclingLiability
130100000 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11854000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
23209000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
21121000 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
CY2022Q4 fslr Solar Module Collection And Recycling Liability
SolarModuleCollectionAndRecyclingLiability
128100000 usd
CY2023Q3 us-gaap Revenues
Revenues
801090000 usd
CY2022Q3 us-gaap Revenues
Revenues
628933000 usd
us-gaap Revenues
Revenues
2160049000 usd
us-gaap Revenues
Revenues
1616928000 usd
fslr Increase Decreasein Revenuefrom Net Changesin Transaction Price
IncreaseDecreaseinRevenuefromNetChangesinTransactionPrice
12300000 usd
fslr Net Changein Estimateasa Percentageof Aggregate Revenuefor Associated Projects
NetChangeinEstimateasaPercentageofAggregateRevenueforAssociatedProjects
0.031
CY2023Q3 fslr Accounts Receivable Unbilled Total Current And Noncurrent After Allowance For Credit Losses
AccountsReceivableUnbilledTotalCurrentAndNoncurrentAfterAllowanceForCreditLosses
38294000 usd
CY2022Q4 fslr Accounts Receivable Unbilled Total Current And Noncurrent After Allowance For Credit Losses
AccountsReceivableUnbilledTotalCurrentAndNoncurrentAfterAllowanceForCreditLosses
42152000 usd
fslr Contract Asset Net Change
ContractAssetNetChange
-3858000 usd
fslr Contract Asset Percent Change
ContractAssetPercentChange
-0.09
CY2023Q3 us-gaap Deferred Revenue
DeferredRevenue
1721769000 usd
CY2022Q4 us-gaap Deferred Revenue
DeferredRevenue
1207940000 usd
fslr Contract Liability Net Change
ContractLiabilityNetChange
513829000 usd
fslr Contract Liability Percent Change
ContractLiabilityPercentChange
0.43
CY2023Q3 fslr Accounts Receivable Unbilled Noncurrent After Allowance For Credit Loss
AccountsReceivableUnbilledNoncurrentAfterAllowanceForCreditLoss
4700000 usd
CY2022Q4 fslr Accounts Receivable Unbilled Noncurrent After Allowance For Credit Loss
AccountsReceivableUnbilledNoncurrentAfterAllowanceForCreditLoss
11500000 usd
fslr Contract Asset Net Change
ContractAssetNetChange
-3900000 usd
fslr Contract Liability Net Change
ContractLiabilityNetChange
513800000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
320300000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
186200000 usd
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8198000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
268398000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-49168000 usd
us-gaap Net Income Loss
NetIncomeLoss
481538000 usd
us-gaap Net Income Loss
NetIncomeLoss
-36618000 usd
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
106834000 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
106596000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
106795000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
106532000 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
106834000 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
106596000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
106795000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
106532000 shares
CY2023Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
664000 shares
CY2022Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
531000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
107498000 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
106596000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
107326000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
106532000 shares
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.51
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.46
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.51
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.34
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.50
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.46
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.49
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.34
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
626000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
523000 shares
CY2023Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
-1916000 usd
CY2022Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
621000 usd
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
-6454000 usd
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
5983000 usd
CY2023Q3 us-gaap Revenues
Revenues
801090000 usd
CY2022Q3 us-gaap Revenues
Revenues
628933000 usd
CY2023Q3 us-gaap Gross Profit
GrossProfit
376175000 usd
CY2022Q3 us-gaap Gross Profit
GrossProfit
20982000 usd
CY2023Q3 us-gaap Cost Depreciation Amortization And Depletion
CostDepreciationAmortizationAndDepletion
76993000 usd
CY2022Q3 us-gaap Cost Depreciation Amortization And Depletion
CostDepreciationAmortizationAndDepletion
60362000 usd
us-gaap Revenues
Revenues
2160049000 usd
us-gaap Revenues
Revenues
1616928000 usd
us-gaap Gross Profit
GrossProfit
798646000 usd
us-gaap Gross Profit
GrossProfit
9245000 usd
us-gaap Cost Depreciation Amortization And Depletion
CostDepreciationAmortizationAndDepletion
211167000 usd
us-gaap Cost Depreciation Amortization And Depletion
CostDepreciationAmortizationAndDepletion
179572000 usd
CY2023Q3 us-gaap Goodwill
Goodwill
28473000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
14462000 usd
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
true

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0001274494-23-000025.txt Edgar Link pending
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ex311certificationofchiefe.htm Edgar Link pending
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