First Solar, Inc. FSLR Cash Flow

First solar, inc. (FSLR)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08	Dec'07
Cash flows from operating activities:
Net income (loss)
-114,933	144,326	-165,615	-416,112	593,406	395,964	350,718	-	-	-	-	-	-
Adjustments to reconcile net income (loss) to cash used in operating activities:
Depreciation, amortization and accretion
205,475	130,736	115,313	230,940	257,825	245,798	234,370	-	-	-	-	-	-
Impairments and net losses on disposal of long-lived assets
7,577	8,065	35,364	838,467	14,593	5,228	97,132	-	-	-	-	-	-
Share-based compensation
37,429	34,154	35,121	28,712	44,899	43,810	54,585	-	-	-	-	-	-
Equity in earnings, net of tax
-284	34,620	4,266	144,306	-107,595	-4,949	-163	-	-	-	-	-	-
Distributions received from equity method investments
0	12,394	23,042	18,562	0	0	-	-	-	-	-	-	-
Remeasurement of monetary assets and liabilities
-919	-8,740	15,823	-5,442	4,229	-7,477	16,261	-	-	-	-	-	-
Deferred income taxes
-59,917	-10,112	173,368	90,555	5,882	14,068	-20,878	-	-	-	-	-	-
Gains on sales of marketable securities and restricted investments
40,621	55,405	49	41,632	0	0	-	-	-	-	-	-	-
Cash received from customers
-	-	-	-	-	-	-	3,231,268	2,290,944	2,458,088	1,957,604	1,203,822	515,994
Cash paid to suppliers and associates
-	-	-	-	-	-	-	2,447,337	2,159,429	1,614,763	1,123,746	723,123	-276,525
Interest received
-	-	-	-	-	-	-	4,693	10,156	20,531	6,147	19,138	19,965
Interest paid
-	-	-	-	-	-	-	19,916	14,229	7,610	10,550	4,629	-2,294
Income tax (payments) refunds, net
-	-	-	-	-	-	-	-21,543	46,153	80,064	147,843	1,975	-19,002
Excess tax benefits from share-based compensation arrangements
-	-	-	-	-	-	35,076	27,373	110,836	69,367	4,892	28,661	-30,196
Noncash consideration from the sale of systems
-	-	-	-20,091	-457,596	-	-	-	-	-	-	-	-
Liabilities assumed by customers for the sale of systems
-88,050	-240,865	-24,203	0	0	-	-	-	-	-	-	-	-
Other, net
759	2,121	2,339	13,863	-520	-1,780	-870	-	-	-	-	-	-
Changes in operating assets and liabilities:
Accounts receivable, trade, unbilled and retainage
73,594	202,298	-85,760	-178,894	427,648	-462,630	-570,731	-	-	-	-	-	-
Prepaid expenses and other current assets
34,528	53,488	-26,680	-9,269	38,823	36,805	-119,241	-	-	-	-	-	-
Inventories and balance of systems parts
83,528	257,229	-212,758	-95,785	-113,537	99,870	-15,394	-	-	-	-	-	-
Project assets and PV solar power systems
20,773	-49,939	-981,273	571,655	525,551	-	-	-	-	-	-	-	-
Project assets and deferred project costs
-	-	-	-	-	-143,047	316,705	-	-	-	-	-	-
Other assets
-28,728	11,920	1,269	19,245	1,163	5,371	1,684	-	-	-	-	-	-
Income tax receivable and payable
8,035	-49,169	169,079	-61,383	1,788	-1,131	-	-	-	-	-	-	-
Accounts payable
-336	96,443	-47,191	-191,642	143,872	-53,057	-92,828	-	-	-	-	-	-
Income taxes payable
-	-	-	-	-	-	36,392	-	-	-	-	-	-
Accrued expenses and other liabilities
397,527	132,382	-258,028	158,693	-74,890	-419,053	-150,686	-	-	-	-	-	-
Accrued solar module collection and recycling liability
3,748	-31,003	-2,976	3,637	-79,226	26,052	10,648	-	-	-	-	-	-
Other operating activities
-	-	-	-	-	-	-	669	3,916	1,323	1,527	1,505	-1,991
Net cash used in operating activities
174,201	-326,809	1,340,677	206,753	-325,209	735,516	856,126	762,209	-33,463	705,492	675,193	463,067	205,951
Cash flows from investing activities:
Purchases of property, plant and equipment
668,717	739,838	514,357	229,452	166,438	257,549	282,576	379,228	731,814	588,914	279,941	459,271	242,371
Purchases of marketable securities and restricted marketable securities
1,177,336	1,369,036	580,971	422,609	556,479	305,396	435,015	29,200	331,240	462,070	607,356	334,818	1,081,154
Proceeds from sales of property, plant, and equipment
-	-	-	-	-	-	116,403	5,083	632	-	-	-	-
Proceeds from sales and maturities of marketable securities and restricted marketable securities
1,486,631	1,135,984	466,309	525,515	353,359	227,900	93,984	108,663	492,613	556,904	149,076	107,450	787,783
Proceeds from sales of equity method investments
0	247,595	0	291,502	0	0	-	-	-	-	-	-	-
Purchases of equity and cost method investments
-	-	-	-	-	-	17,905	5,000	0	-	-	-	-
Distributions received from equity method investments
-	-	-	-	238,980	0	0	-	-	-	-	-	-
Investment in notes receivable
-	-	-	-	-	-	-	-	-	-	99,637	0	0
Payments received on notes receivables
-	-	-	-	-	-	-	-	-	61,658	25,447	0	0
Proceeds from sales and maturities of marketable securities and investments
-	-	-	-	-	-	-	-	-	-	115,805	418,762	0
Investments in notes receivable, affiliates
-	-	-	-	55,163	72,692	0	21,659	0	0	-	-	-
Payments received on notes receivable, affiliates
0	48,729	1,740	3,053	57,866	49,517	17,108	4,498	0	0	-	-	-
Sale of investment in related party
-	-	-	-	-	-	-	-	-	28,596	0	25,000	0
Acquisitions, net of cash acquired
-	-	-	-	-	4,306	30,745	2,437	21,105	296,496	-318	0	5,500
Purchase of in restricted investments
-	-	-	-	-	-	-	80,667	62,749	43,064	4,150	15,564	6,008
Change in restricted cash
-	-	-	-	-	-	-5,173	-16,215	23,154	0	0	-	-
Other investing activities
2,876	6,148	-477	23,489	28,302	25,292	3,533	0	-360	-1,301	1,252	0	0
Net cash provided by (used in) investing activities
-362,298	-682,714	-626,802	144,520	-156,177	-387,818	-537,106	-383,732	-676,457	-742,085	-701,690	-308,441	-547,250
Cash flows from financing activities:
Proceeds from stock option exercises
-	-	-	-	-	-	-	176	8,326	9,379	5,961	16,036	10,173
Repayment of borrowings under revolving credit facility
-	-	-	550,000	0	0	605,000	1,305,000	450,000	0	0	-	-
Proceeds from borrowings under revolving credit facility
-	-	-	550,000	0	0	335,000	1,375,000	550,000	100,000	0	-	-
Repayment of long-term debt
30,099	18,937	24,078	137,367	47,078	60,063	64,954	178,842	33,796	27,879	78,224	41,691	34,757
Proceeds from borrowings under long-term debt, net of discounts and issuance costs
120,132	290,925	215,415	26,816	146,027	65,563	0	0	370,108	0	44,739	138,887	-
Repayment of sale-leaseback financing
-	-	-	-	3,702	0	0	-	-	-	-	-	-
Proceeds from sale-leaseback financing
-	-	-	-	44,718	0	0	-	-	-	-	-	-
Payments of tax withholdings for restricted shares
16,089	11,175	5,137	20,407	18,189	23,100	-	-	-	-	-	-	-
Proceeds from commercial letters of credit
0	0	43,025	0	11,200	-	-	-	-	-	-	-	-
Proceeds from issuance of debt, net of issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	49,368
Excess tax benefits from share-based compensation arrangements
-	-	-	-	-	-	35,076	27,373	110,836	69,367	4,892	28,661	30,196
Repayment of economic development funding
-	-	-	-	-	-	-	-6,820	16,188	0	-	-	-
Proceeds from equity offering, net of issuance costs
-	-	-	-	-	-	428,190	0	0	-	-	-	365,969
Proceeds from economic development funding and incentives
-	-	-	-	-	-	-	-	-	-	615	35,661	9,475
Other financing activities
999	-5,585	-37,180	-5,435	-31,769	-29,307	-27,148	-996	-444	-416	-4	-5	-3
Net cash (used in) provided by financing activities
74,943	255,228	192,045	-136,393	101,207	-46,907	101,164	-89,109	571,218	150,451	-22,021	177,549	430,421
Effect of exchange rate changes on cash, cash equivalents and restricted cash
-2,959	-13,558	8,866	-6,306	-19,272	-19,487	3,594	6,307	-21,368	-12,668	-3,201	-20,221	7,050
Net decrease in cash, cash equivalents and restricted cash
-116,113	-767,853	914,786	208,574	-399,451	281,304	423,778	295,675	-160,070	101,190	-51,719	311,954	96,172
Supplemental disclosure of noncash investing and financing activities:
Equity interests obtained from the sale of project assets
-	-	-	-	-	220,679	0	-	-	-	-	-	-
Property, plant and equipment acquisitions funded by liabilities
76,148	138,270	164,946	28,687	17,749	61,130	60,677	62,344	74,391	88,977	59,374	-	-
Sale of system previously accounted for as sale-leaseback financing
0	31,992	0	0	-	-	-	-	-	-	-	-	-
Accrued interest capitalized to long-term debt
0	3,512	18,401	0	0	-	-	-	-	-	-	-	-
Acquisitions currently or previously funded by liabilities and contingent consideration
-	-	-	-	-	-	-	-	0	-	-	-	-
Shares issued for acquisition
-	-	-	-	-	-	83,755	0	0	-	-	-	-
Settlement of long-term debt
-	-	-	-	-	-	-	4,802	-	-	-	-	-