First Historical Income Statement

FSLR Stock

USD 199.27 6.70 3.48%

Historical analysis of First Solar income statement accounts such as Other Operating Expenses of 2 B or Operating Income of 900.1 M can show how well First Solar performed in making a profits. Evaluating First Solar income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of First Solar's future profits or losses.

Cash Flow Balance Sheet Income Statement

Housing Crash

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Financial Statement Analysis is much more than just reviewing and examining First Solar latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether First Solar is a good buy for the upcoming year.

Net Income Gross Profit

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Solar. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

To learn how to invest in First Stock, please use our How to Invest in First Solar guide.

About First Income Statement Analysis

First Solar Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to First Solar shareholders. The income statement also shows First investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

First Solar Income Statement Chart

At this time, First Solar's Depreciation And Amortization is relatively stable compared to the past year. As of 12/01/2024, Selling General Administrative is likely to grow to about 233.8 M, while Other Operating Expenses is likely to drop slightly above 2 B.

Other Operating Expenses Research Development Cost Of Revenue Total Operating Expenses Total Other Income Expense Net

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of First Solar. It is also known as First Solar overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Cost Of Revenue

Cost of Revenue is found on First Solar income statement and represents the costs associated with goods and services First Solar provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Most accounts from First Solar's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into First Solar current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Solar. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

To learn how to invest in First Stock, please use our How to Invest in First Solar guide.At this time, First Solar's Depreciation And Amortization is relatively stable compared to the past year. As of 12/01/2024, Selling General Administrative is likely to grow to about 233.8 M, while Other Operating Expenses is likely to drop slightly above 2 B.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	290.5M	350.6M	443.4M	317.5M
Cost Of Revenue	2.2B	2.5B	2.0B	1.7B

Total Operating Expenses Cost Of Revenue

First Solar income statement Correlations

	Interest Expense	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Research Development	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Depreciation And Amortization	Total Revenue	Selling General Administrative	Extraordinary Items	Net Income From Continuing Ops	Non Recurring	Non Operating Income Net Other	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation
Interest Expense		-0.14	0.35	-0.19	0.08	-0.01	-0.09	0.39	0.05	-0.19	-0.02	-0.23	0.21	-0.44	0.26	-0.14	0.2	-0.46	0.0	0.47	0.14	0.29	0.02	0.16
Gross Profit	-0.14		0.36	0.68	0.83	0.63	0.89	0.3	0.59	0.62	-0.12	0.64	-0.07	0.6	0.57	0.57	-0.23	0.19	0.11	-0.19	-0.07	0.38	0.49	0.15
Other Operating Expenses	0.35	0.36		0.04	0.04	0.83	0.15	0.99	0.76	0.04	-0.21	0.01	0.1	0.32	0.96	0.57	-0.43	-0.4	0.15	0.07	0.1	-0.06	-0.1	0.05
Operating Income	-0.19	0.68	0.04		0.71	0.19	0.77	0.03	0.08	0.94	0.6	0.9	0.03	0.55	0.21	-0.03	0.16	0.7	-0.61	-0.53	0.01	0.52	0.65	0.32
Ebit	0.08	0.83	0.04	0.71		0.23	0.94	0.02	0.18	0.68	0.07	0.68	0.06	0.34	0.25	0.1	0.19	0.27	-0.06	-0.06	0.01	0.67	0.69	0.42
Research Development	-0.01	0.63	0.83	0.19	0.23		0.38	0.77	0.9	0.17	-0.32	0.2	-0.08	0.55	0.9	0.73	-0.5	-0.24	0.3	-0.02	-0.08	0.0	0.08	0.04
Ebitda	-0.09	0.89	0.15	0.77	0.94	0.38		0.12	0.29	0.79	0.13	0.81	-0.05	0.64	0.35	0.21	0.16	0.39	-0.13	-0.3	-0.09	0.57	0.66	0.5
Cost Of Revenue	0.39	0.3	0.99	0.03	0.02	0.77	0.12		0.68	0.04	-0.16	0.0	0.13	0.29	0.94	0.49	-0.4	-0.39	0.09	0.08	0.12	-0.07	-0.13	0.07
Total Operating Expenses	0.05	0.59	0.76	0.08	0.18	0.9	0.29	0.68		0.04	-0.39	0.07	-0.12	0.42	0.8	0.89	-0.48	-0.37	0.39	0.04	-0.08	0.03	0.06	-0.04
Income Before Tax	-0.19	0.62	0.04	0.94	0.68	0.17	0.79	0.04	0.04		0.67	0.96	0.04	0.66	0.2	-0.09	0.27	0.75	-0.65	-0.6	0.02	0.45	0.57	0.48
Total Other Income Expense Net	-0.02	-0.12	-0.21	0.6	0.07	-0.32	0.13	-0.16	-0.39	0.67		0.6	0.06	0.22	-0.22	-0.55	0.54	0.73	-0.97	-0.58	0.04	0.29	0.3	0.41
Net Income	-0.23	0.64	0.01	0.9	0.68	0.2	0.81	0.0	0.07	0.96	0.6		-0.23	0.69	0.18	-0.05	0.32	0.8	-0.58	-0.54	-0.25	0.43	0.55	0.49
Income Tax Expense	0.21	-0.07	0.1	0.03	0.06	-0.08	-0.05	0.13	-0.12	0.04	0.06	-0.23		-0.27	0.07	-0.15	-0.26	-0.29	-0.01	0.09	0.98	0.1	0.04	-0.12
Depreciation And Amortization	-0.44	0.6	0.32	0.55	0.34	0.55	0.64	0.29	0.42	0.66	0.22	0.69	-0.27		0.42	0.34	0.0	0.46	-0.21	-0.7	-0.27	0.06	0.25	0.44
Total Revenue	0.26	0.57	0.96	0.21	0.25	0.9	0.35	0.94	0.8	0.2	-0.22	0.18	0.07	0.42		0.62	-0.46	-0.27	0.15	0.01	0.06	-0.02	-0.02	0.06
Selling General Administrative	-0.14	0.57	0.57	-0.03	0.1	0.73	0.21	0.49	0.89	-0.09	-0.55	-0.05	-0.15	0.34	0.62		-0.63	-0.36	0.53	0.05	-0.07	-0.18	-0.12	-0.29
Extraordinary Items	0.2	-0.23	-0.43	0.16	0.19	-0.5	0.16	-0.4	-0.48	0.27	0.54	0.32	-0.26	0.0	-0.46	-0.63		0.36	-0.53	-0.2	-0.33	0.52	0.43	0.77
Net Income From Continuing Ops	-0.46	0.19	-0.4	0.7	0.27	-0.24	0.39	-0.39	-0.37	0.75	0.73	0.8	-0.29	0.46	-0.27	-0.36	0.36		-0.73	-0.67	-0.29	0.05	0.2	0.26
Non Recurring	0.0	0.11	0.15	-0.61	-0.06	0.3	-0.13	0.09	0.39	-0.65	-0.97	-0.58	-0.01	-0.21	0.15	0.53	-0.53	-0.73		0.62	0.0	-0.23	-0.24	-0.42
Non Operating Income Net Other	0.47	-0.19	0.07	-0.53	-0.06	-0.02	-0.3	0.08	0.04	-0.6	-0.58	-0.54	0.09	-0.7	0.01	0.05	-0.2	-0.67	0.62		0.09	0.07	-0.1	-0.38
Tax Provision	0.14	-0.07	0.1	0.01	0.01	-0.08	-0.09	0.12	-0.08	0.02	0.04	-0.25	0.98	-0.27	0.06	-0.07	-0.33	-0.29	0.0	0.09		0.03	-0.02	-0.2
Interest Income	0.29	0.38	-0.06	0.52	0.67	0.0	0.57	-0.07	0.03	0.45	0.29	0.43	0.1	0.06	-0.02	-0.18	0.52	0.05	-0.23	0.07	0.03		0.95	0.53
Net Interest Income	0.02	0.49	-0.1	0.65	0.69	0.08	0.66	-0.13	0.06	0.57	0.3	0.55	0.04	0.25	-0.02	-0.12	0.43	0.2	-0.24	-0.1	-0.02	0.95		0.49
Reconciled Depreciation	0.16	0.15	0.05	0.32	0.42	0.04	0.5	0.07	-0.04	0.48	0.41	0.49	-0.12	0.44	0.06	-0.29	0.77	0.26	-0.42	-0.38	-0.2	0.53	0.49

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First Solar Account Relationship Matchups

First Solar income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	27.1M	24.0M	13.1M	12.2M	13.0M	9.9M
Gross Profit	549.2M	680.7M	730.0M	69.9M	1.3B	1.4B
Other Operating Expenses	2.9B	2.4B	2.5B	2.9B	2.5B	2.0B
Operating Income	62.2M	95.2M	186.1M	(216.3M)	857.3M	900.1M
Ebit	267.5M	340.9M	439.5M	(222.9M)	904.3M	949.5M
Research Development	96.6M	93.7M	99.1M	112.8M	152.3M	88.8M
Ebitda	267.6M	573.8M	699.4M	46.8M	1.2B	1.3B
Cost Of Revenue	2.5B	2.0B	2.2B	2.5B	2.0B	1.7B
Total Operating Expenses	348.0M	357.2M	290.5M	350.6M	443.4M	317.5M
Income Before Tax	(120.1M)	293.2M	572.2M	8.6M	891.3M	935.9M
Total Other Income Expense Net	(182.3M)	(24.3M)	(14.6M)	35.8M	34.0M	35.7M
Net Income	(114.6M)	398.4M	468.7M	(44.2M)	830.8M	872.3M
Income Tax Expense	(5.5M)	(107.3M)	103.5M	52.8M	60.5M	45.5M
Depreciation And Amortization	171.9K	232.9M	259.9M	269.7M	308.0M	323.4M
Total Revenue	3.1B	2.7B	2.9B	2.6B	3.3B	2.3B
Selling General Administrative	205.5M	222.9M	170.3M	164.7M	183.3M	233.8M
Net Income Applicable To Common Shares	(114.9M)	398.4M	468.7M	(44.2M)	(39.7M)	(37.8M)
Net Income From Continuing Ops	(114.6M)	400.5M	468.7M	(44.2M)	474.0M	497.7M
Non Recurring	90.7M	45.9M	40.5M	21.1M	18.9M	18.0M
Non Operating Income Net Other	133.6M	68.4M	(2.4M)	(1.5M)	(1.7M)	(1.6M)
Tax Provision	(5.5M)	(107.3M)	103.5M	52.8M	34.0M	48.3M
Interest Income	48.9M	16.6M	6.2M	33.3M	92.4M	97.1M
Net Interest Income	21.8M	(7.5M)	(6.9M)	21.1M	83.4M	87.6M
Reconciled Depreciation	205.5M	232.9M	259.9M	269.7M	288.8M	236.2M

Pair Trading with First Solar

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if First Solar position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in First Solar will appreciate offsetting losses from the drop in the long position's value.

Moving against First Stock

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The ability to find closely correlated positions to First Solar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Solar when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First Solar - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First Solar to buy it.

The correlation of First Solar is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Solar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Solar moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for First Solar can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for First Stock Analysis

When running First Solar's price analysis, check to measure First Solar's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Solar is operating at the current time. Most of First Solar's value examination focuses on studying past and present price action to predict the probability of First Solar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Solar's price. Additionally, you may evaluate how the addition of First Solar to your portfolios can decrease your overall portfolio volatility.

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First Historical Income Statement

About First Income Statement Analysis

First Solar Income Statement Chart

Other Operating Expenses

Cost Of Revenue

Total Operating Expenses

First Solar income statement Correlations

First Solar Account Relationship Matchups

High Positive Relationship

High Negative Relationship

First Solar income statement Accounts

Pair Trading with First Solar

Moving against First Stock

Additional Tools for First Stock Analysis

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Cost Of Revenue	+ 0.99	Other Operating Expenses
Tax Provision	+ 0.98	Income Tax Expense
Total Revenue	+ 0.96	Other Operating Expenses
Net Income	+ 0.96	Income Before Tax
Net Interest Income	+ 0.95	Interest Income
Income Before Tax	+ 0.94	Operating Income

Non Recurring	- 0.97	Total Other Income Expense Net
Non Recurring	- 0.73	Net Income From Continuing Ops
Non Operating Income Net Other	- 0.7	Depreciation And Amortization
Non Operating Income Net Other	- 0.67	Net Income From Continuing Ops
Non Recurring	- 0.65	Income Before Tax
Extraordinary Items	- 0.63	Selling General Administrative