First Solar, Inc. FSLR Balance Sheet

First solar, inc. (FSLR)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Dec'08
ASSETS
Current assets:
Cash and cash equivalents
929	1,352	878	1,221	1,013	1,403	1,434	2,024	1,858	2,268	2,019	1,509	1,656	1,347	1,414	916	1,086	1,126	1,189	1,075	779	1,482	622	851	975	1,325	1,192	928	842	901	614	630	610	605	678	357	355	765	621	510	420	664	364	429	716
Marketable securities (amortized cost of $586,628 and allowance for credit losses of $215 at March 31, 2020)
579	811	661	807	1,103	1,143	1,295	1,110	1,020	720	699	719	789	607	675	750	794	703	619	700	704	509	492	497	404	439	339	356	168	102	102	113	53	66	84	106	199	167	212	285	293	120	158	160	76
Accounts receivable trade
293	476	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts Receivable, Allowance for Credit Loss
3	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted cash and investments - current
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	48	-
Accounts receivable trade, net
290	475	367	269	301	128	141	125	273	211	344	260	151	266	323	369	349	500	328	276	254	135	282	237	233	136	147	192	279	553	467	143	315	310	481	541	362	305	316	256	269	226	348	351	61
Accounts receivable, unbilled and retainage
122	183	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable, unbilled and retainage, allowance for credit losses
1	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable, unbilled and retainage, net
121	183	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable, unbilled and retainage
-	-	165	127	367	458	421	177	151	174	455	347	70	206	245	172	86	59	241	70	81	76	538	564	532	521	436	460	480	400	398	436	551	533	325	63	10	1	148	105	25	0	-	-	-
Inventories
479	443	576	586	459	387	296	234	174	172	217	344	432	363	369	384	443	380	379	481	496	505	445	385	387	388	311	334	388	434	537	580	582	475	432	322	271	195	184	194	172	152	178	162	121
Balance of systems parts
44	53	68	91	59	56	51	72	65	28	20	26	33	62	77	92	155	136	104	94	119	125	101	58	82	133	139	128	135	98	125	152	122	53	43	33	16	4	-	-	-	-	-	-	-
Project assets
0	3	5	1	80	37	28	62	10	77	67	35	0	700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	145	0	-	0	0	0	1	58	-	0
Deferred project costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	94	112	131	187	98	73	311	29	546	312	233	556	752	1,004	617	21	143	189	395	197	-	-	-	-	-	-	-	-	-	-	-
Economic development funding receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-
Deferred tax assets, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	78	77	73	-	62	107	64	63	24	28	41	44	37	31	32	41	31	3	0	0	0	19	22	21	15	14	9
Assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20	-	20	20	20	132	164	49	49	49	49	49	46	0	-	-	-	-	-	-	-	-	-	-	-
Notes Receivable, Related Parties, Current
-	-	-	-	-	-	21	21	20	20	0	19	19	15	0	0	0	1	1	43	44	12	7	-	-	0	0	0	0	17	17	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses and other current assets
302	276	319	305	277	243	195	157	197	157	142	172	177	217	264	276	226	248	210	262	263	202	132	134	102	94	87	117	106	207	216	136	189	329	352	260	177	143	132	244	200	164	79	76	91
Total current assets
2,747	3,599	3,043	3,412	3,662	3,859	3,886	3,986	3,770	3,832	3,966	3,436	3,330	3,787	3,465	3,076	3,274	3,345	3,251	3,156	3,149	3,077	3,253	3,170	3,036	3,792	3,596	3,601	3,109	2,832	2,710	2,464	2,900	2,613	2,430	1,836	1,394	1,584	1,614	1,615	1,404	1,351	1,203	1,244	1,077
Property, plant and equipment, net
2,244	2,181	2,106	2,006	1,859	1,756	1,671	1,484	1,311	1,154	940	784	691	629	1,266	1,268	1,278	1,284	1,330	1,356	1,368	1,419	1,384	1,369	1,370	1,385	1,397	1,560	1,553	1,525	1,549	1,567	1,540	1,815	1,840	1,727	1,549	1,430	1,244	1,094	1,030	988	962	911	842
PV solar power systems, net
470	476	484	304	305	308	310	316	355	417	454	461	452	448	487	410	102	93	93	43	45	46	47	48	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Project assets
388	333	566	528	492	460	463	500	430	424	406	786	960	762	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	250	160	133	374	282	309	384	320	296	140	131	131	102	113	0
Deferred tax assets, net
213	130	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted marketable securities (amortized cost $242,156 and allowance for credit losses of $30 at March 31, 2020)
246	223	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Project assets and deferred project costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,312	1,247	1,375	1,111	1,030	1,060	833	810	645	1,002	1,022	720	590	559	573	845	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred project costs, noncurrent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	374	259	207	122	-	-	-	-	-	-	-	-	-	-	-
Deferred tax assets, net
-	-	66	76	78	77	108	93	64	51	276	262	251	255	347	351	359	357	264	262	210	313	228	245	233	296	324	332	321	317	328	341	343	340	278	268	265	259	257	157	150	130	117	102	61
Marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	86	116	31	50	157	180	163	164	305	329	306	138	29
Restricted Cash and Investments, Noncurrent
-	-	305	328	388	318	341	332	354	424	408	383	355	371	409	414	401	333	403	377	421	407	489	370	304	279	278	275	286	301	285	267	282	200	203	174	147	86	95	81	77	36	37	33	30
Equity Method Investments
-	-	-	-	-	-	3	8	200	217	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments in unconsolidated affiliates and joint ventures
-	-	-	-	-	-	-	-	-	-	227	225	228	234	448	427	392	399	299	153	257	255	-	-	-	17	-	-	-	-	-	-	-	-	-	-	-	-	25	25	25	25	25	25	25
Goodwill
14	14	14	14	14	14	14	14	14	14	14	14	14	14	78	78	84	84	84	84	84	84	84	84	84	84	84	74	68	65	65	65	65	65	458	458	458	433	433	286	286	286	284	294	33
Intangibles assets, net
63	64	66	69	71	74	74	77	79	80	81	83	85	87	72	68	107	110	112	115	118	119	119	116	117	117	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventories
182	160	152	149	142	130	124	119	116	113	110	101	99	100	102	103	106	107	108	108	115	115	113	124	128	129	130	132	133	134	136	137	139	60	48	42	30	42	36	30	26	21	11	6	0
Notes receivable, affiliate
-	-	0	0	0	22	0	0	47	48	69	49	49	54	20	22	17	17	17	9	9	9	-	-	-	0	-	-	-	-	-	21	21	-	-	-	-	-	-	-	-	-	-	-	-
Retainage
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	277	237	188	270	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
377	329	247	248	241	98	96	93	94	85	98	88	85	77	77	75	77	69	65	75	59	61	73	78	79	59	180	93	58	56	280	202	53	67	148	69	45	43	34	35	35	48	44	39	14
Total assets
6,949	7,515	7,054	7,137	7,256	7,121	7,094	7,025	6,840	6,864	7,054	6,680	6,604	6,824	8,087	7,544	7,577	7,316	7,060	6,803	6,674	6,720	6,439	6,612	6,376	6,883	6,862	6,868	6,294	6,348	5,981	5,487	5,773	5,777	5,723	4,939	4,433	4,380	4,201	3,631	3,473	3,349	3,095	2,910	2,114
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable
173	218	218	242	221	233	154	161	136	120	130	118	143	148	201	263	274	337	303	273	202	214	219	187	186	261	184	217	209	350	235	194	218	176	170	189	99	82	71	68	76	75	72	55	46
Income taxes payable
8	17	15	15	7	20	49	29	10	19	4	1	5	12	10	1	7	1	2	4	2	1	5	40	6	6	6	4	2	5	6	9	15	9	33	36	28	16	17	28	15	8	17	57	99
Accrued expenses
296	351	377	421	408	441	433	381	297	366	317	190	185	262	328	354	351	409	412	367	436	388	348	294	321	320	364	391	430	554	575	476	434	406	271	242	228	244	282	183	141	193	142	106	140
Current portion of long-term debt
81	17	28	28	12	5	2	7	6	13	13	13	11	27	626	71	94	38	38	41	42	51	54	60	60	60	60	61	61	62	61	47	58	44	25	28	28	26	26	24	26	28	29	76	34
Deferred revenue
136	323	93	112	166	129	215	199	67	81	69	31	24	308	-	-	-	-	-	-	-	-	-	-	-	-	-	1	2	-	0	195	177	41	-	-	-	-	-	-	-	-	-	-	-
Accrued litigation
13	363	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Billings in excess of costs and estimated earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	80	110	148	87	74	168	171	195	133	-	-	117	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments and billings for deferred project costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	103	94	104	28	22	0	71	60	100	425	229	642	888	1,116	778	94	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current liabilities
21	28	28	23	19	14	12	36	35	48	44	148	156	146	55	56	83	57	43	58	57	88	56	201	193	179	132	61	49	34	260	38	266	294	245	94	85	99	59	20	62	88	85	70	59
Total current liabilities
732	1,318	760	843	836	845	868	815	553	650	579	503	527	907	1,407	952	1,064	960	896	914	984	1,000	918	1,211	997	1,588	1,636	1,854	1,533	1,101	1,139	962	1,171	973	747	591	469	469	457	325	322	394	346	366	381
Accrued solar module collection and recycling liability
138	137	135	136	134	134	133	166	170	166	163	175	169	166	169	167	167	163	164	240	236	246	247	249	241	225	214	248	228	212	213	185	177	167	185	176	155	132	128	101	97	92	76	60	35
Long-term debt
390	454	452	452	558	461	463	448	431	380	330	307	265	160	161	161	205	251	246	257	200	162	163	133	138	162	168	194	501	500	468	471	806	619	582	332	103	210	223	114	136	146	163	156	163
Payments and billings for deferred project costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10	38	25	636	-	-	-	167	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
519	508	524	570	598	467	457	484	524	568	469	402	414	371	403	457	401	392	364	349	266	320	316	348	365	404	413	374	331	292	702	507	409	206	182	156	139	112	90	77	70	62	48	41	20
Total liabilities
1,780	2,418	1,872	2,002	2,127	1,908	1,923	1,914	1,680	1,765	1,542	1,388	1,376	1,606	2,141	1,739	1,838	1,767	1,671	1,762	1,687	1,729	1,646	1,944	1,742	2,380	2,443	2,711	2,620	2,743	2,523	2,125	2,564	2,133	1,697	1,257	868	925	900	619	626	696	635	625	601
Commitments and contingencies
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0	-	-	-	-	-	-	-
Stockholders' equity:
Common stock, $0.001 par value per share; 500,000,000 shares authorized; 105,905,580 and 105,448,921 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Additional paid-in capital
2,844	2,849	2,835	2,826	2,814	2,825	2,816	2,809	2,797	2,799	2,788	2,779	2,767	2,765	2,767	2,773	2,751	2,742	2,734	2,716	2,698	2,697	2,682	2,661	2,646	2,646	2,629	2,555	2,094	2,065	2,084	2,079	2,043	2,022	1,965	1,878	1,834	1,815	1,820	1,694	1,674	1,658	1,632	1,576	1,176
Contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1	1	1	1	2	2	2	47	0
Accumulated earnings
2,408	2,326	2,386	2,355	2,373	2,441	2,389	2,331	2,380	2,297	2,729	2,523	2,471	2,462	3,128	2,974	2,960	2,790	2,625	2,311	2,217	2,243	2,087	1,999	1,994	1,882	1,817	1,622	1,588	1,529	1,375	1,287	1,176	1,626	2,039	1,842	1,781	1,665	1,509	1,332	1,173	1,001	859	706	361
Accumulated other comprehensive loss
-83	-79	-39	-46	-59	-54	-35	-30	-18	2	-5	-12	-12	-9	49	56	27	15	28	12	71	50	23	7	-7	-25	-27	-21	-9	10	-1	-5	-10	-5	20	-39	-51	-27	-30	-16	-4	-9	-36	-45	-24
Total stockholders' equity
5,168	5,096	5,182	5,135	5,129	5,212	5,170	5,110	5,159	5,098	5,512	5,291	5,227	5,218	5,945	5,804	5,738	5,548	5,388	5,041	4,987	4,991	4,793	4,667	4,633	4,503	4,419	4,156	3,673	3,605	3,458	3,361	3,208	3,643	4,025	3,681	3,565	3,454	3,301	3,012	2,846	2,652	2,459	2,284	1,513
Total liabilities and stockholders' equity
6,949	7,515	7,054	7,137	7,256	7,121	7,094	7,025	6,840	6,864	7,054	6,680	6,604	6,824	8,087	7,544	7,577	7,316	7,060	6,803	6,674	6,720	6,439	6,612	6,376	6,883	6,862	6,868	6,294	6,348	5,981	5,487	5,773	5,777	5,723	4,939	4,433	4,380	4,201	3,631	3,473	3,349	3,095	2,910	2,114