Income Statement

3.3B

Revenue

886m

Operating Income

830.8m

Net Income

Revenue	3.3B USD
Cost of Revenue	-2B USD
Gross Profit	1.3B USD
Operating Expenses	-414.7m USD
Operating Income	886m USD
Other Expenses	-55.2m USD
Net Income	830.8m USD

Currency: USD

	Dec-2013	Mar-2014	Jun-2014	Sep-2014	Dec-2014	Mar-2015	Jun-2015	Sep-2015	Dec-2015	Mar-2016	Jun-2016	Sep-2016	Dec-2016	Mar-2017	Jun-2017	Sep-2017	Dec-2017	Mar-2018	Jun-2018	Sep-2018	Dec-2018	Mar-2019	Jun-2019	Sep-2019	Dec-2019	Mar-2020	Jun-2020	Sep-2020	Dec-2020	Mar-2021	Jun-2021	Sep-2021	Dec-2021	Mar-2022	Jun-2022	Sep-2022	Dec-2022	Mar-2023	Jun-2023	Sep-2023	Dec-2023
Revenue
Revenue	3 310 N/A	3 505 +6%	3 528 +1%	3 152 -11%	3 391 +8%	2 910 -14%	3 264 +12%	3 645 +12%	4 113 +13%	4 520 +10%	4 640 +3%	4 050 -13%	2 905 -28%	2 920 +1%	2 527 -13%	2 933 +16%	2 941 +0%	2 617 -11%	2 303 -12%	1 892 -18%	2 244 +19%	2 209 -2%	2 484 +12%	2 355 -5%	3 063 +30%	3 063 +0%	3 121 +2%	3 502 +12%	2 711 -23%	2 983 +10%	2 969 0%	2 625 -12%	2 923 +11%	2 487 -15%	2 479 0%	2 524 +2%	2 619 +4%	2 801 +7%	2 990 +7%	3 163 +6%	3 319 +5%
Gross Profit
Cost of Revenue	(2 445)	(2 573)	(2 645)	(2 445)	(2 566)	(2 283)	(2 562)	(2 648)	(2 980)	(3 148)	(3 251)	(2 974)	(2 266)	(2 475)	(2 153)	(2 438)	(2 392)	(1 979)	(1 784)	(1 536)	(1 852)	(1 989)	(2 180)	(2 041)	(2 514)	(2 424)	(2 421)	(2 647)	(2 031)	(2 208)	(2 158)	(1 982)	(2 193)	(1 930)	(2 062)	(2 211)	(2 492)	(2 572)	(2 486)	(2 303)	(2 018)
Gross Profit	865 N/A	932 +8%	882 -5%	708 -20%	825 +17%	627 -24%	701 +12%	996 +42%	1 133 +14%	1 371 +21%	1 389 +1%	1 076 -23%	638 -41%	445 -30%	374 -16%	495 +32%	549 +11%	638 +16%	519 -19%	356 -31%	392 +10%	219 -44%	305 +39%	314 +3%	549 +75%	640 +16%	700 +9%	854 +22%	681 -20%	775 +14%	812 +5%	643 -21%	730 +13%	557 -24%	417 -25%	314 -25%	128 -59%	228 +79%	504 +121%	859 +70%	1 301 +51%
Operating Income
Operating Expenses	(407)	(399)	(473)	(423)	(403)	(415)	(431)	(412)	(403)	(391)	(381)	(387)	(388)	(362)	(344)	(335)	(334)	(360)	(377)	(364)	(352)	(330)	(320)	(347)	(348)	(723)	(355)	(343)	(357)	(352)	(333)	(319)	(291)	(278)	(294)	(317)	(351)	(373)	(403)	(411)	(415)
Selling, General & Administrative	(273)	(256)	(247)	(251)	(259)	(275)	(294)	(283)	(272)	(265)	(251)	(255)	(263)	(245)	(238)	(240)	(245)	(274)	(292)	(277)	(268)	(244)	(231)	(254)	(251)	(260)	(256)	(247)	(263)	(264)	(244)	(227)	(191)	(172)	(186)	(206)	(238)	(257)	(275)	(271)	(262)
Research & Development	(134)	(143)	(145)	(148)	(144)	(140)	(137)	(129)	(131)	(126)	(129)	(132)	(125)	(117)	(106)	(95)	(89)	(86)	(85)	(87)	(85)	(86)	(90)	(93)	(97)	(100)	(98)	(97)	(94)	(88)	(90)	(92)	(99)	(106)	(108)	(111)	(113)	(116)	(128)	(140)	(152)
Other Operating Expenses	0	0	(82)	(25)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(363)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	457 N/A	533 +17%	409 -23%	285 -30%	422 +48%	213 -50%	270 +27%	584 +116%	730 +25%	980 +34%	1 008 +3%	688 -32%	251 -64%	83 -67%	30 -64%	160 +441%	215 +35%	277 +29%	142 -49%	(8) N/A	40 N/A	(111) N/A	(16) +86%	(33) -110%	201 N/A	(84) N/A	345 N/A	511 +48%	324 -37%	423 +31%	479 +13%	324 -32%	440 +36%	278 -37%	124 -56%	(4) N/A	(223) -5 924%	(145) +35%	102 N/A	449 +342%	886 +97%
Pre-Tax Income
Interest Income Expense	16	13	15	18	15	17	17	12	9	3	(3)	(6)	(9)	(10)	(8)	(6)	1	8	23	33	34	34	27	24	24	22	15	(4)	(12)	(19)	(23)	(14)	(15)	(15)	(14)	(10)	5	29	51	67	63
Non-Reccuring Items	(87)	(85)	0	0	0	0	0	0	0	0	(86)	(90)	(819)	(839)	(772)	(768)	(37)	(17)	1	2	0	0	0	0	(363)	0	(369)	(369)	(6)	145	149	147	147	(2)	188	196	196	194	(29)	(35)	(29)
Total Other Income	(5)	(6)	(8)	(8)	(5)	(6)	(5)	(4)	(6)	31	39	46	40	30	21	16	23	15	13	5	39	25	25	27	18	12	13	13	(12)	(1)	(1)	(1)	0	(8)	(7)	0	31	30	33	27	(29)
Pre-Tax Income	381 N/A	456 +20%	416 -9%	295 -29%	432 +47%	225 -48%	282 +25%	592 +110%	733 +24%	1 014 +38%	959 -5%	639 -33%	(537) N/A	(736) -37%	(729) +1%	(598) +18%	202 N/A	283 +40%	178 -37%	33 -82%	113 +248%	(52) N/A	36 N/A	18 -49%	(120) N/A	(50) +59%	4 N/A	151 +3 884%	293 +94%	548 +87%	604 +10%	457 -24%	572 +25%	253 -56%	290 +15%	182 -37%	9 -95%	107 +1 144%	156 +46%	508 +226%	891 +75%
Net Income
Tax Provision	(30)	(52)	(43)	(23)	(31)	4	36	(20)	(32)	(66)	(107)	10	(23)	(1)	46	(29)	36	30	(4)	2	(14)	(1)	(19)	(31)	6	93	95	72	107	(28)	(39)	(1)	(104)	(37)	(101)	(88)	(53)	(65)	1	(34)	(61)
Income from Continuing Operations	351	404	373	272	401	228	317	573	701	948	852	648	(560)	(737)	(683)	(627)	238	313	175	34	99	(53)	17	(13)	(115)	44	99	223	401	519	565	455	469	216	189	95	(44)	42	157	474	831
Equity Earnings Affiliates	(0)	0	0	(5)	(5)	(3)	(1)	3	(108)	(98)	(107)	(102)	144	134	143	143	4	3	41	34	35	36	(4)	(1)	(0)	(0)	0	0	(2)	(2)	(2)	(2)	0	0	0	0	0	0	0	0	0
Net Income (Common)	351 N/A	404 +15%	371 -8%	266 -28%	396 +49%	223 -44%	316 +42%	576 +82%	593 +3%	850 +43%	745 -12%	546 -27%	(416) N/A	(603) -45%	(539) +11%	(484) +10%	(166) +66%	(92) +45%	(192) -109%	(340) -77%	144 N/A	(6) N/A	24 N/A	(3) N/A	(115) -3 279%	43 N/A	99 +128%	223 +126%	398 +78%	517 +30%	563 +9%	453 -20%	469 +3%	216 -54%	189 -12%	95 -50%	(44) N/A	42 N/A	157 +275%	474 +203%	831 +75%
EPS (Diluted)	3.46 N/A	3.96 +14%	3.62 -9%	2.62 -28%	3.9 +49%	2.22 -43%	3.1 +40%	5.62 +81%	5.83 +4%	8.25 +42%	7.28 -12%	5.26 -28%	-4.05 N/A	-5.79 -43%	-5.15 +11%	-4.57 +11%	-1.58 +65%	-0.86 +46%	-1.83 -113%	-3.2 -75%	1.36 N/A	-0.05 N/A	0.22 N/A	-0.03 N/A	-1.09 -3 533%	0.4 N/A	0.93 +133%	2.09 +125%	3.73 +78%	4.84 +30%	5.26 +9%	4.23 -20%	4.38 +4%	2.01 -54%	1.76 -12%	0.88 -50%	-0.41 N/A	0.39 N/A	1.46 +274%	4.42 +203%	7.74 +75%

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First Solar Inc
NASDAQ:FSLR

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First Solar Inc

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First Solar Inc NASDAQ:FSLR

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Income Statement First Solar Inc

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First Solar Inc
NASDAQ:FSLR

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First Solar Inc

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First Solar Inc