First Solar, Inc. FSLR Cash Flow

First solar, inc. (FSLR)

CashFlow / 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	Mar'09
Cash flows from operating activities:
Net income (loss)
43,370	-114,933	-3,409	23,719	-6,224	144,326	-340,244	-192,247	-91,793	-165,615	-483,951	-539,241	-602,619	-416,112	545,798	744,659	849,959	593,406	575,604	312,397	223,040	395,964	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adjustments to reconcile net income (loss) to cash used in operating activities:
Depreciation, amortization and accretion
212,882	205,475	191,514	174,788	155,189	130,736	114,953	109,137	106,764	115,313	148,271	176,801	205,533	230,940	236,123	243,747	252,940	257,825	256,582	251,643	248,338	245,798	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairments and net losses on disposal of long-lived assets
0	-	-	-	0	-	-	-	21,400	35,364	786,387	787,812	852,315	838,467	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based compensation
39,614	37,429	32,775	30,700	30,521	34,154	36,381	38,934	36,722	35,121	29,772	25,564	24,285	28,712	36,220	42,537	44,298	44,899	44,887	43,291	42,591	43,810	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in earnings, net of tax
-199	-284	-690	-3,988	36,194	34,620	33,909	41,187	3,071	4,266	142,917	143,346	134,085	144,306	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions received from equity method investments
-	-	-	-	-	-	-	-	-	-	-	-	-	18,562	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Remeasurement of monetary assets and liabilities
-101	-919	-4,000	-1,645	-10,998	-8,740	-3,478	672	14,723	15,823	3,311	-217	-4,478	-5,442	-2,401	14,260	17,652	4,229	11,023	-9,344	-17,891	-7,477	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-140,718	-59,917	57,298	41,184	-4,148	-10,112	156,135	145,467	163,307	173,368	57,455	71,850	96,878	90,555	7,533	27,522	-24,088	5,882	-31,333	9,463	28,465	14,068	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on sales of marketable securities and restricted marketable securities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on sales of marketable securities and restricted investments
-	-	-	-	-	55,405	19,473	19,473	19,473	49	3,580	3,877	3,874	41,632	38,101	37,804	37,804	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash received from customers
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,094,577	3,642,754	3,708,200	3,231,268	3,021,324	3,131,921	2,468,298	2,290,944	2,355,207	2,301,161	2,445,427	2,458,088	2,461,323	2,240,904	2,116,153	1,957,604	0	0	0
Cash paid to suppliers and associates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,100,031	2,987,852	2,828,932	2,447,337	2,482,819	2,323,647	2,310,951	2,159,429	1,932,994	1,795,537	1,669,111	1,614,763	1,522,888	1,441,515	1,824,551	1,123,746	0	0	0
Interest received
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,923	5,447	6,906	4,693	5,513	6,384	9,394	10,156	11,047	14,713	13,156	20,531	19,652	15,413	12,621	6,147	0	0	0
Interest paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,779	7,860	16,872	19,916	23,385	29,140	17,962	14,229	12,287	8,178	10,570	7,610	6,172	8,387	12,832	10,550	0	0	0
Income tax (payments) refunds, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,049	-1,958	-18,419	-21,543	-20,317	-5,051	30,155	46,153	66,168	73,995	79,707	80,064	82,780	114,958	166,077	147,843	0	0	0
Excess tax benefits from share-based compensation arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	28,967	-4,454	21,823	35,076	-240	16,215	42,817	27,373	92,666	161,192	120,325	110,836	46,727	85,864	67,799	69,367	97,797	-10,459	9,714	4,892	0	0	0
Liabilities assumed by customers for the sale of systems
-	-	-	-	-	-240,865	-140,659	-84,510	-84,510	-24,203	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
17,126	759	1,930	-609	-3,737	2,121	7,038	6,449	2,899	2,339	18,916	14,767	27,659	13,863	-2,528	-903	-5,799	-520	9,995	4,307	38	-1,780	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities:
Accounts receivable, trade, unbilled and retainage
-251,982	73,594	-28,228	95,653	247,561	202,298	-235,593	-302,649	204,117	-85,760	152,311	6,664	-334,832	-178,894	73,679	242,271	206,276	427,648	-262,260	-473,055	-445,746	-462,630	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses and other current assets
19,515	34,528	48,478	62,657	21,349	53,488	43,459	24,113	68,300	-26,680	-92,473	-84,815	-71,401	-9,269	48,927	83,844	64,529	38,823	77,725	43,065	40,662	36,805	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventories and balance of systems parts
45,322	83,528	322,674	398,112	303,707	257,229	124,115	-45,392	-210,265	-212,758	-199,039	-108,139	-137,195	-95,785	-41,574	-100,014	-24,563	-113,537	-55,504	129,438	145,064	99,870	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Project assets and PV solar power systems
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Project assets and PV solar power systems
-	-	-	-	-	-49,939	-62,303	-354,104	-606,537	-981,273	-753,376	-295,266	-74,559	571,655	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Project assets and deferred project costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	530,597	185,963	189,557	-143,047	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
52,678	-28,728	-19,100	7,576	-22,821	11,920	-2,490	774	2,544	1,269	24,653	18,778	14,134	19,245	9,909	-3,508	12,912	1,163	2,198	16,006	4,980	5,371	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax receivable and payable
15,122	8,035	-80,056	-100,235	-77,889	-49,169	168,965	209,872	183,595	169,079	-14,419	-93,845	-80,376	-61,383	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
-23,431	-336	67,320	79,321	79,468	96,443	2,598	13,338	-42,269	-47,191	-69,177	-154,975	-134,802	-191,642	-108,533	-1,633	80,424	143,872	95,220	90,302	19,735	-53,057	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued expenses and other liabilities
-211,744	397,527	-234,435	-76,972	217,267	132,382	213,219	217,778	-19,166	-258,028	-39,517	-116,306	-228,166	158,693	-52,694	-57,996	-33,295	-74,890	-9,323	-229,823	51,438	-419,053	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued solar module collection and recycling liability
4,146	3,748	2,163	-30,109	-33,868	-31,003	-29,251	-8,690	-2,318	-2,976	-7,325	6,493	2,647	3,637	5,300	-73,241	-69,880	-79,226	-78,495	-1,327	3,736	26,052	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,500	-470	104	669	2,900	3,670	4,085	3,916	2,460	1,243	990	1,323	1,863	1,933	2,587	1,527	0	0	0
Net cash used in operating activities
-27,223	174,201	-792,991	-700,535	-584,963	-326,809	292,648	1,099,193	802,247	1,340,677	1,175,145	509,543	615,679	206,753	27,134	132,359	183,626	-325,209	568,507	500,294	629,075	735,516	-54,801	367,502	471,495	856,126	991,479	638,702	844,800	762,209	445,384	625,707	-5,786	-33,463	305,618	351,057	630,406	705,492	769,475	699,983	642,725	675,193	0	0	0
Cash flows from investing activities:
Purchases of property, plant and equipment
632,095	668,717	639,789	695,051	711,281	739,838	809,848	669,478	579,089	514,357	368,713	316,815	290,691	229,452	203,036	202,466	162,850	166,438	212,570	238,439	262,078	257,549	240,465	238,941	261,722	282,576	266,375	254,112	326,405	379,228	457,166	623,820	687,314	731,814	825,628	739,374	651,928	588,914	446,331	373,481	299,513	279,941	0	0	0
Purchases of marketable securities and restricted marketable securities
1,322,415	1,177,336	934,648	988,303	1,263,322	1,369,036	1,205,087	978,327	588,117	580,971	478,326	487,167	512,929	422,609	549,734	461,885	451,314	556,479	508,661	473,622	679,524	305,396	340,016	344,817	359,424	435,015	331,444	331,039	90,345	29,200	154,263	155,951	188,535	331,240	256,648	384,501	235,464	462,070	496,481	609,779	873,559	607,356	0	0	0
Proceeds from sales and maturities of marketable securities and restricted marketable securities
1,845,476	1,486,631	1,629,839	1,352,491	1,238,941	1,135,984	707,106	684,944	455,765	466,309	463,470	524,904	523,893	525,515	488,354	407,320	355,900	353,359	374,450	263,100	370,959	227,900	179,109	197,477	118,909	93,984	91,490	86,062	59,571	108,663	0	0	0	-	-	-	590,596	556,904	85,448	166,332	175,832	149,076	0	0	0
Proceeds from sales of equity method investments
-	-	-	-	-	247,595	247,595	247,595	7,559	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of equity and cost method investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	2,059	3,921	3,301	17,905	27,871	19,894	19,894	5,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Distributions received from equity method investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	238,980	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in notes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	99,637	0	0	0
Payments received on notes receivables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	61,658	0	0	0	-	-	-	-
Proceeds from sales and maturities of marketable securities and investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	495,811	289,925	286,238	115,805	0	0	0
Investments in notes receivable, affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	55,163	117,965	117,980	117,980	72,692	0	0	0	-	-	-	-	21,659	21,659	21,883	20,278	0	0	0	0	-	-	-	-	-	-	-	-
Payments received on notes receivable, affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	57,866	107,383	65,794	61,188	49,517	0	0	33	17,108	17,237	21,606	21,573	4,498	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Acquisitions, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30,745	30,745	30,745	7,934	2,437	2,437	2,437	2,437	21,105	21,105	317,601	317,601	296,496	0	0	0	-	-	-	-
Purchase of in restricted investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	80,667	80,668	80,668	80,669	62,749	62,748	62,748	62,369	43,064	42,803	4,775	47,280	4,150	0	0	0
Change in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	189,958	72,368	1,439	-5,173	-1,087	196	-21,351	-16,215	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other investing activities
17,047	2,876	-2,702	-2,724	899	6,148	8,053	7,910	6,159	-477	11,889	17,701	18,424	23,489	25,046	21,445	31,271	28,302	32,116	34,043	24,478	25,292	7,248	3,163	2,535	3,533	1,610	-2,962	4,632	0	-10,599	4,666	-2,476	-360	10,226	-207	-298	-1,301	0	0	0	-	-	-	-
Net cash provided by (used in) investing activities
-126,081	-362,298	58,374	-327,779	-447,796	-682,714	-1,018,566	-673,181	-708,301	-626,802	-95,665	2,490	-3,596	144,520	-317,546	-237,811	-10,618	-156,177	58,575	-240,752	-658,070	-387,818	-492,160	-349,330	-415,887	-537,106	-533,148	-520,049	-343,012	-383,732	-518,622	-668,783	-595,361	-676,457	-659,984	-827,313	-743,137	-742,085	-680,968	-507,704	-782,820	-701,690	0	0	0
Cash flows from financing activities:
Proceeds from stock option exercises
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,326	10,616	13,321	11,013	9,379	8,032	5,850	5,628	5,961	0	0	0
Repayment of borrowings under revolving credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	450,000	0	0	0	-	-	-	-	-	-	-	-
Proceeds from borrowings under revolving credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	550,000	0	0	0	-	-	-	-	-	-	-	-
Repayment of long-term debt
27,721	30,099	10,583	11,380	10,358	18,937	19,332	19,204	13,312	24,078	74,800	74,551	143,991	137,367	90,996	107,333	41,380	47,078	47,556	54,877	56,075	60,063	-545,057	-540,432	-240,213	64,954	-109,520	79,693	495,971	178,842	659,187	654,750	33,044	33,796	341,260	128,217	41,065	27,879	28,965	77,972	75,080	78,224	0	0	0
Proceeds from borrowings under long-term debt, net of discounts and issuance costs
13,629	120,132	223,727	298,123	332,119	290,925	231,270	177,809	186,054	215,415	162,194	144,791	104,867	26,816	30,749	42,914	104,557	146,027	151,065	188,505	123,652	65,563	-279,875	-335,000	-335,000	0	-481,988	-255,000	135,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of sale-leaseback financing
-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,288	5,300	5,318	3,702	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of tax withholdings for restricted shares
13,105	16,089	16,729	16,655	16,701	11,175	10,539	11,141	11,107	5,137	5,133	5,745	7,156	20,407	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from commercial letters of credit
-	-	-	-	-	-	-	-	-	43,025	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from discounting of commercial letters of credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of debt, net of issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Excess tax benefits from share-based compensation arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	28,967	-4,454	21,823	35,076	-240	16,215	42,817	27,373	92,666	161,192	120,325	110,836	46,727	85,864	67,799	69,367	97,797	-10,459	3,206	4,892	0	0	0
Repayment of economic development funding
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-8,315	-8,315	-15,135	-6,820	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from economic development funding and incentives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	615	0	0	0
Other financing activities
862	999	-2,628	-4,132	-4,150	-5,585	-17,777	-22,346	-29,598	-37,180	-26,637	-21,974	-14,640	-5,435	-12,773	-18,920	-7,720	-31,769	-25,905	-30,209	-53,019	-29,307	-46,591	-39,826	-27,610	-27,148	-3,344	267	-419	-996	-914	-851	-893	-444	-684	-650	-530	-416	-30	-4	-3	-4	0	0	0
Net cash (used in) provided by financing activities
-26,335	74,943	193,787	265,956	300,910	255,228	183,622	125,118	132,037	192,045	-447,057	89,048	-16,279	-136,393	420,982	-130,889	56,001	101,207	91,998	123,320	-5,773	-46,907	-14,127	-102,711	65,931	101,164	113,999	174,018	-263,532	-89,109	28,689	348,188	878,269	571,218	414,084	297,872	37,217	150,451	176,753	-86,468	-66,777	-22,021	0	0	0
Effect of exchange rate changes on cash, cash equivalents and restricted cash
-8,108	-2,959	-7,836	-2,499	-9,109	-13,558	-13,008	-7,283	11,099	8,866	-3,628	-8,503	-20,036	-6,306	5,895	-1,316	1,303	-19,272	-27,578	-34,742	-36,196	-19,487	-9,037	7,228	10,902	3,594	5,619	5,746	-5,983	6,307	-19,312	-32,349	-22,367	-21,368	-2,374	25,379	10,353	-12,668	-8,858	-24,489	2,826	-3,201	0	0	0
Net decrease in cash, cash equivalents and restricted cash
-187,747	-116,113	-548,666	-764,857	-740,958	-767,853	-555,304	543,847	237,082	914,786	628,795	592,578	575,768	208,574	136,465	-237,657	230,312	-399,451	691,502	348,120	-70,964	281,304	-570,125	-77,311	132,441	423,778	577,949	298,417	232,273	295,675	-63,861	272,763	254,755	-160,070	57,344	-153,005	-65,161	101,190	256,402	81,322	-204,046	-51,719	0	0	0
Supplemental disclosure of noncash investing and financing activities:
Equity interests obtained from the sale of project assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	297,233	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property, plant and equipment acquisitions funded by liabilities
16,926	76,148	105,133	120,916	110,978	138,270	181,424	281,874	306,260	164,946	127,796	56,632	35,779	28,687	22,824	4,524	-6,485	17,749	31,795	46,485	56,837	61,130	51,335	51,663	28,374	60,677	68,697	58,410	19,166	62,344	49,402	26,321	101,619	74,391	0	0	0	-	-	-	-	-	-	-	-
Accrued interest capitalized to long-term debt
-	-	-	-	-	-	-	-	5,598	18,401	16,786	15,181	13,589	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisitions currently or previously funded by liabilities and contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-