First Solar, Inc. FSLR Income Statement

First solar, inc. (FSLR)

Income statement / Quarterly

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	Sep'08	Jun'08
Net sales
532,124	1,399,377	546,806	584,956	531,978	691,241	676,220	309,318	567,265	339,181	1,087,026	623,326	891,791	330,795	681,276	1,016,424	876,068	1,475,979	1,271,245	896,217	469,209	1,006,388	890,288	544,353	950,158	769,064	1,265,587	519,760	755,205	1,075,011	839,147	957,332	497,055	660,352	1,005,788	532,774	567,293	609,801	797,899	587,854	567,961	641,265	480,851	525,876	418,208	348,694	267,041
Cost of sales
441,786	1,065,822	408,443	507,774	531,866	592,931	547,093	317,376	394,467	277,111	795,226	512,433	807,607	322,947	510,368	834,373	598,457	1,031,046	786,880	731,734	430,228	700,285	700,886	451,628	713,447	577,890	901,553	379,662	585,879	781,464	600,431	713,591	420,310	522,228	626,624	337,976	307,628	313,077	476,007	303,660	285,925	375,056	235,858	227,780	182,924	153,251	122,341
Gross profit
90,338	333,555	138,363	77,182	112	98,310	129,127	-8,058	172,798	62,070	291,800	110,893	84,184	7,848	170,908	182,051	277,611	444,933	484,365	164,483	38,981	306,103	189,402	92,725	236,711	191,174	364,034	140,098	169,326	293,547	238,716	243,741	76,745	138,124	379,164	194,798	259,665	296,724	321,892	284,194	282,036	266,209	244,993	298,096	235,284	195,443	144,700
Operating expenses:
Selling, general and administrative
58,587	55,643	53,542	50,934	45,352	51,338	33,539	50,854	41,126	54,997	50,546	48,957	48,199	70,370	60,345	63,776	67,503	62,887	53,716	70,901	67,688	70,968	66,528	57,667	58,664	65,661	63,870	66,265	74,465	63,417	73,507	52,184	91,820	125,926	112,743	86,872	87,000	91,282	84,961	78,597	66,864	96,667	53,990	72,926	49,315	48,995	43,626
Research and development
25,613	25,427	24,912	24,395	21,877	21,388	22,390	20,370	20,324	23,583	20,850	21,341	22,799	29,471	32,173	32,931	30,187	36,728	29,630	29,479	34,756	34,944	37,593	32,659	38,773	38,421	34,984	30,964	29,931	31,639	32,372	32,365	36,084	37,906	38,164	33,102	31,351	27,601	21,472	22,836	22,888	23,716	24,136	18,605	11,704	9,952	7,725
Production start-up
4,482	7,351	18,605	10,437	9,522	14,576	14,723	24,352	37,084	20,488	12,624	8,381	1,150	214	752	55	0	0	3,198	6,970	6,650	3,249	1,406	491	0	0	0	1,392	1,376	1,637	1,595	533	4,058	5,881	5,514	10,294	11,931	12,190	3,821	2,288	1,143	1,099	4,076	2,524	6,209	6,344	4,622
Restructuring and asset impairments
-	-	-	-	-	-	-	-	-	-1,927	791	18,286	20,031	654,016	4,314	85,532	0	-	0	0	-	-	-	-	-	24,892	57,276	2,381	2,347	24,839	24,197	19,000	401,065	60,366	0	0	0	-	-	-	-	-	-	-	-	-	-
Total operating expenses
88,682	451,421	97,059	85,766	76,751	87,302	70,652	95,576	98,534	97,141	84,811	96,965	92,179	829,001	97,584	182,294	97,690	99,615	86,544	107,350	109,094	109,161	105,527	90,817	97,437	128,974	156,130	101,002	108,119	121,532	131,671	104,082	533,027	623,444	156,421	130,268	130,282	131,073	110,254	103,721	90,895	121,482	82,202	94,055	67,228	65,291	55,973
Operating income (loss)
1,656	-117,866	41,304	-8,584	-76,639	11,008	58,475	-103,634	74,264	-35,071	206,989	13,928	-7,995	-821,153	73,324	-243	179,921	345,318	397,821	57,133	-70,113	196,942	83,875	1,908	139,274	62,200	207,904	39,096	61,207	172,015	107,045	139,659	-456,282	-485,320	222,743	64,530	129,383	165,651	211,638	180,473	191,141	144,727	162,791	204,041	168,056	130,152	88,727
Foreign currency (loss) income, net
-398	-816	1,209	1,726	172	1,908	-2,383	2,422	-2,517	-3,474	-3,968	-2,444	246	-5,748	-2,296	-2,723	-3,240	-1,887	-1,803	-2,957	-221	-1,808	905	21	-579	1,048	-705	-1,068	1,618	-2,156	3	1,015	-984	243	-1,857	1,659	950	854	-1,001	-2,625	-696	3,020	114	239	1,834	-1,889	647
Interest income
9,330	9,663	11,454	13,510	14,259	14,643	16,456	16,865	11,824	13,340	8,392	7,555	6,417	6,364	5,894	6,529	6,406	6,072	5,322	6,058	5,064	4,879	4,297	4,533	4,321	4,203	4,197	3,405	4,947	3,129	3,405	3,379	2,911	3,726	3,225	3,417	3,023	3,034	2,658	3,035	5,648	3,286	2,398	1,948	2,103	5,323	4,923
Interest expense, net
6,789	3,048	4,976	8,921	10,121	11,476	3,198	6,065	5,182	6,073	4,149	6,374	9,169	3,182	5,563	7,151	4,642	4,180	1,775	826	194	553	89	930	410	-16	275	875	750	2,694	2,902	7,372	920	100	0	0	0	0	0	6	0	407	89	3,827	935	127	0
Other (expense) income, net
-2,222	21,873	-3,399	-4,438	3,509	32,102	-5,971	-4,328	17,934	-1,215	2,018	-2,699	25,861	-8,473	6,419	6,753	35,553	-1,773	-1,678	-792	-1,259	213	-1,758	-1,166	-1,774	-2,427	-2,433	504	-833	280	3,210	-1,334	-1,211	9	-1,346	2,351	-349	3,826	-380	-439	-734	-309	-247	-1,103	-1,326	-360	-441
Income (loss) before taxes and equity in earnings
1,577	-90,194	45,592	-6,707	-68,820	48,185	63,379	-94,740	96,323	-32,493	209,282	9,966	15,360	-832,192	77,778	3,165	213,998	343,550	397,887	58,616	-66,723	199,673	87,230	4,366	140,832	65,040	208,688	41,062	66,189	170,574	110,761	135,347	-456,486	-481,442	222,765	71,957	133,007	173,365	212,915	180,438	195,359	150,317	164,967	201,298	169,732	133,099	93,856
Income tax benefit
-89,215	-30,865	15,035	11,744	-1,394	-4,416	2,396	-6,164	11,625	398,765	7,580	-40,028	5,679	56,053	-68,205	7,288	28,031	23,195	48,454	-33,340	-5,980	11,449	-6,948	-2,166	28,853	1,937	13,650	7,464	7,047	16,396	22,844	24,364	-7,070	-68,329	26,251	10,819	17,039	17,421	36,046	21,395	23,014	8,697	11,623	20,719	5,137	33,830	24,185
Equity in earnings, net of tax
-88	-79	65	-97	-173	-485	-3,233	40,085	-1,747	-1,196	4,045	1,969	-552	137,455	4,474	-7,292	9,669	-109,235	-115	1,929	-174	1,372	-4,345	-2,004	28	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss)
90,704	-59,408	30,622	-18,548	-67,599	52,116	57,750	-48,491	82,951	-432,454	205,747	51,963	9,129	-750,790	150,457	-11,415	195,636	211,120	349,318	93,885	-60,917	189,596	89,833	4,528	112,007	62,940	195,038	33,598	59,142	154,178	87,917	110,983	-449,416	-413,113	196,514	61,138	115,968	155,944	176,869	159,043	172,345	141,620	153,344	180,579	164,595	99,269	69,671
Net income (loss) per share:
Basic
0.86	-0.56	0.29	-0.18	-0.64	0.50	0.55	-0.46	0.79	-4.15	1.97	0.50	0.09	-7.32	1.46	-0.11	1.92	2.10	3.46	0.93	-0.61	1.89	0.90	0.05	1.12	0.70	1.98	0.38	0.68	1.80	1.01	1.28	-5.20	-4.81	2.28	0.71	1.36	1.83	2.08	1.87	2.04	1.68	1.82	2.16	2.01	1.23	0.87
Diluted
0.85	-0.56	0.29	-0.18	-0.64	0.50	0.54	-0.46	0.78	-4.13	1.95	0.50	0.09	-7.29	1.45	-0.11	1.90	2.11	3.41	0.92	-0.61	1.87	0.89	0.04	1.10	0.70	1.94	0.37	0.66	1.82	1.00	1.27	-5.20	-4.74	2.25	0.70	1.33	1.80	2.04	1.84	2.00	1.64	1.79	2.11	1.99	1.20	0.85
Weighted-average number of shares used in per share calculations:
Basic
105,595	105,428	105,397	105,369	105,046	104,850	104,804	104,776	104,550	104,439	104,432	104,338	104,103	103,985	103,339	102,287	101,853	101,411	100,906	100,852	100,375	100,256	100,197	100,148	99,591	99,661	98,720	89,201	87,206	87,086	86,992	86,855	86,507	86,442	86,338	86,164	85,324	85,135	85,072	84,852	84,505	84,413	84,179	83,723	81,685	80,430	79,877
Diluted
106,386	104,598	106,227	105,369	105,046	107,208	106,163	104,776	106,305	102,631	105,660	104,611	104,410	102,574	103,684	102,287	102,919	102,979	102,299	101,607	100,375	101,521	101,415	101,814	101,822	100,975	100,378	91,142	89,377	85,515	87,765	87,653	86,507	82,938	87,151	87,126	87,053	86,861	86,610	86,401	86,092	86,004	85,892	85,668	82,612	82,436	82,004