First Solar, Inc. FSLR Income Statement

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
Net sales
3,063	2,244	2,941	2,904	4,112	3,391	3,309	3,368	2,766	2,563	2,066	1,246	503
Cost of sales
2,513	1,851	2,392	2,266	2,979	2,566	2,444	2,515	1,794	1,378	1,021	567	252
Gross profit
549	392	548	638	1,132	824	864	852	971	1,184	1,044	678	251
Operating expenses:
Selling, general and administrative
205	176	202	261	255	253	270	280	412	321	272	174	82
Research and development
96	84	88	124	130	143	134	132	140	94	78	33	15
Production start-up
45	90	42	1	16	5	2	7	33	19	13	32	16
Litigation loss
363	0	0	-	-	-	-	-	-	-	-	-	-
Restructuring and asset impairments
0	0	37	743	0	0	86	469	60	0	0	-	-
Goodwill, Impairment Loss
-	-	-	74	0	-	-	-	393	0	0	-	-
Total operating expenses
710	352	371	1,206	402	402	494	890	1,040	435	364	240	114
Operating income (loss)
-161	40	177	-568	730	421	370	-37	-68	748	679	438	137
Foreign currency (loss) income, net
2	-0	-9	-14	-6	-1	0	-2	0	-3	5	5	1
Interest income
48	59	35	25	22	18	16	12	13	14	9	21	20
Interest expense, net
27	25	25	20	6	1	1	13	0	0	5	0	2
Other (expense) income, net
17	39	23	40	-5	-4	-5	0	0	2	-2	-0	-1
Income (loss) before taxes and equity in earnings
-120	113	202	-537	733	432	380	-39	-53	762	686	463	155
Income tax benefit
-5	3	371	23	32	31	30	56	-14	97	46	115	-2
Equity in earnings, net of tax
-0	34	4	144	-107	-4	-0	0	-	-	-	-	-
Net income (loss)
-114	144	-165	-416	593	395	350	-96	-39	664	640	348	158
Net income (loss) per share:
Basic
-1.09	1.38	-1.59	-4.05	5.88	3.96	3.74	-1.11	-0.46	7.82	7.67	4.34	2.12
Diluted
-1.09	1.36	-1.59	-4.05	5.83	3.90	3.67	-1.11	-0.46	7.68	7.53	4.24	2.03
Weighted-average number of shares used in per share calculations:
Basic
105	104	104	102	100	100	93	86	86	84	83	80	74
Diluted
105	106	104	102	101	101	95	86	86	86	85	82	77