First Solar, Inc. FSLR Income Statement

First solar, inc. (FSLR)

Income statement / 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	Sep'08	Jun'08
Net sales
3,063	3,063	2,354	2,484	2,208	2,244	1,891	2,302	2,616	2,941	2,932	2,527	2,920	2,904	4,049	4,639	4,519	4,112	3,643	3,262	2,910	3,391	3,153	3,529	3,504	3,309	3,615	3,189	3,626	3,368	2,953	3,120	2,695	2,766	2,715	2,507	2,562	2,563	2,594	2,277	2,215	2,066	1,773	1,559	0	0	0
Cost of sales
2,423	2,513	2,041	2,179	1,989	1,851	1,536	1,784	1,979	2,392	2,438	2,153	2,475	2,266	2,974	3,250	3,148	2,979	2,649	2,563	2,283	2,566	2,443	2,644	2,572	2,444	2,648	2,347	2,681	2,515	2,256	2,282	1,907	1,794	1,585	1,434	1,400	1,378	1,440	1,200	1,124	1,021	799	686	0	0	0
Gross profit
639	549	313	304	219	392	355	518	637	548	494	373	444	638	1,075	1,388	1,371	1,132	993	698	627	824	710	884	932	864	967	841	945	852	697	837	788	971	1,130	1,073	1,162	1,184	1,154	1,077	1,091	1,044	973	873	0	0	0
Operating expenses:
Selling, general and administrative
218	205	201	181	181	176	180	197	195	202	218	227	242	261	254	247	255	255	263	276	262	253	248	245	254	270	268	277	263	280	343	382	417	412	377	350	341	321	327	296	290	272	225	214	0	0	0
Research and development
100	96	92	90	86	84	86	85	86	88	94	105	117	124	132	129	126	130	128	136	139	143	147	144	143	134	127	124	126	132	138	144	145	140	130	113	103	94	90	93	89	78	64	47	0	0	0
Production start-up
40	45	53	49	63	90	96	94	78	42	22	10	2	1	0	3	10	16	20	18	11	5	1	0	1	2	4	6	5	7	12	15	25	33	39	38	30	19	8	8	8	13	19	19	0	0	0
Restructuring and asset impairments
-	-	-	-	-	-	-	-	-	37	693	696	763	743	89	85	0	-	0	0	-	-	-	-	-	86	86	53	70	469	504	480	461	60	0	0	0	-	-	-	-	-	-	-	-	-	-
Total operating expenses
722	710	346	320	330	352	361	376	377	371	1,102	1,115	1,201	1,206	477	466	391	402	412	431	414	402	422	473	483	494	486	462	465	890	1,392	1,416	1,443	1,040	548	501	475	435	426	398	388	364	308	282	0	0	0
Operating income (loss)
-83	-161	-32	-15	-110	40	-5	142	260	177	-608	-741	-756	-568	598	922	980	730	581	267	212	421	287	411	448	370	480	379	479	-37	-694	-579	-654	-68	582	571	687	748	727	679	702	679	665	590	0	0	0
Foreign currency (loss) income, net
1	2	5	1	2	-0	-5	-7	-12	-9	-11	-10	-10	-14	-10	-9	-9	-6	-6	-4	-1	-1	1	-0	-1	0	-2	-1	0	-2	0	-1	-0	0	1	2	-1	-3	-1	-0	2	5	0	0	0	0	0
Interest income
43	48	53	58	62	59	58	50	41	35	28	26	25	25	24	24	23	22	21	20	18	18	17	17	16	16	15	14	14	12	13	13	13	13	12	12	11	14	14	14	13	9	11	14	0	0	0
Interest expense, net
23	27	35	33	30	25	20	21	21	25	22	24	25	20	21	17	11	6	3	1	1	1	1	1	1	1	4	7	13	13	11	8	1	0	0	0	0	0	0	0	4	5	4	4	0	0	0
Other (expense) income, net
11	17	27	25	25	39	6	14	16	23	16	21	30	40	46	38	31	-5	-3	-3	-3	-4	-7	-7	-6	-5	-2	3	1	0	0	-3	-0	0	4	5	2	2	-1	-1	-2	-2	-3	-3	0	0	0
Income (loss) before taxes and equity in earnings
-49	-120	18	36	-51	113	32	178	283	202	-597	-729	-735	-537	638	958	1,014	733	589	278	224	432	297	418	455	380	486	388	482	-39	-691	-579	-643	-53	601	591	699	762	739	691	711	686	669	597	0	0	0
Income tax benefit
-93	-5	20	8	-9	3	406	411	377	371	29	-46	0	23	-9	106	66	32	20	-34	-3	31	21	42	51	30	44	53	70	56	-28	-24	-38	-14	71	81	91	97	89	64	64	46	71	83	0	0	0
Equity in earnings, net of tax
-0	-0	-0	-3	36	34	33	41	3	4	142	143	134	144	-102	-106	-97	-107	3	-1	-5	-4	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss)
43	-114	-3	23	-6	144	-340	-192	-91	-165	-483	-539	-602	-416	545	744	849	593	571	312	223	395	269	374	403	350	441	334	412	-96	-663	-555	-604	-39	529	509	607	664	649	626	647	640	597	514	0	0	0
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	105	105	105	105	104	104	104	104	104	104	104	104	103	103	102	101	101	100	100	100	100	100	100	99	99	98	89	87	87	86	86	86	86	86	86	85	85	85	84	84	84	84	83	81	80	79
Diluted
106	104	106	105	105	107	106	104	106	102	105	104	104	102	103	102	102	102	102	101	100	101	101	101	101	100	100	91	89	85	87	87	86	82	87	87	87	86	86	86	86	86	85	85	82	82	82