Stock Analysis on Net
Stock Analysis on Net

First Solar Inc. (NASDAQ:FSLR)

Common-Size Balance Sheet: Assets

First Solar Inc., common-size consolidated balance sheet: assets

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Cash and cash equivalents 18.78 17.95 19.57 17.26 18.00
Marketable securities 1.50 13.29 5.06 7.32 10.80
Accounts receivable trade, net 6.37 3.93 5.79 3.74 6.32
Government grants receivable, net 6.37 0.00 0.00 0.00 0.00
Inventories 7.91 7.53 8.99 7.98 5.90
Project assets 0.00 0.00 0.00 0.00 0.05
Assets held for sale 0.00 0.00 0.00 2.19 0.00
Spare maintenance materials and parts 1.43 1.39 1.51 1.39 0.00
Indirect tax receivables 0.63 0.06 0.00 0.00 0.00
Prepaid expenses 0.60 0.52 0.38 0.37 1.84
Operating supplies 0.42 0.58 0.55 0.50 0.00
Insurance receivable for accrued litigation 0.21 0.00 0.00 0.00 0.00
Restricted cash 0.08 0.04 0.02 0.02 0.18
Prepaid income taxes 0.07 0.10 0.56 1.00 0.64
Derivative instruments 0.02 0.02 0.08 0.05 0.02
Notes receivable, net 0.00 0.00 0.00 0.00 0.32
Other 0.32 0.53 0.53 0.58 3.85
Other current assets 3.78% 3.24% 3.63% 3.91% 6.83%
Current assets 44.72% 45.95% 43.04% 42.40% 47.90%
Property, plant and equipment, net 42.42 42.87 35.74 33.79 29.02
Finance lease assets 0.16 0.00 0.00 0.00 0.00
Property, plant and equipment, net, including finance lease assets 42.59% 42.87% 35.74% 33.79% 29.02%
Deferred tax assets, net 1.38 0.95 0.80 1.46 1.74
Restricted marketable securities 1.91 2.21 3.30 3.73 2.98
Government grants receivable 1.47 0.00 0.00 0.00 0.00
Goodwill 0.29 0.18 0.20 0.20 0.19
Intangible assets, net 0.62 0.38 0.61 0.79 0.86
Inventories 2.57 3.16 3.20 2.83 2.14
Advanced payments for raw materials 1.97 1.11 1.17 1.38 0.80
Operating lease assets 0.81 1.13 2.80 3.19 1.94
Income tax receivables 0.66 0.69 0.54 0.00 0.05
Project assets 0.27 0.36 4.26 5.25 4.44
Prepaid expenses 0.23 0.14 0.00 0.00 0.00
Restricted cash equivalents 0.06 0.08 0.00 0.00 0.00
Restricted cash 0.03 0.03 0.05 0.63 1.07
Other 0.40 0.77 4.29 4.33 6.88
Other assets 4.45% 4.32% 13.10% 14.78% 15.17%
Noncurrent assets 55.28% 54.05% 56.96% 57.60% 52.10%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. First Solar Inc. current assets as a percentage of total assets increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Property, plant and equipment, net, including finance lease assets Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. First Solar Inc. property, plant and equipment, net, including finance lease assets as a percentage of total assets increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Noncurrent assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. First Solar Inc. noncurrent assets as a percentage of total assets decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.