Stock Analysis on Net
Stock Analysis on Net

First Solar Inc. (NASDAQ:FSLR)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

First Solar Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Accounts payable 2.00 4.14 2.61 2.58 2.90
Income taxes payable 0.21 0.36 0.06 0.20 0.23
Accrued property, plant and equipment 2.03 1.80 0.57 0.94 0.57
Accrued inventory 0.98 0.54 0.57 0.36 0.52
Accrued freight 0.56 0.93 0.83 0.37 0.00
Accrued compensation and benefits 0.54 0.58 0.47 0.73 0.87
Accrued other taxes 0.26 0.24 0.31 0.16 0.00
Accrued interest 0.11 0.04 0.00 0.00 0.00
Product warranty liability 0.06 0.13 0.18 0.31 0.27
Other 0.53 0.37 0.96 1.49 2.44
Accrued expenses 5.06% 4.64% 3.89% 4.37% 4.67%
Current portion of debt 0.93 0.00 0.05 0.58 0.23
Deferred revenue 3.99 3.19 2.72 2.66 4.30
Liabilities held for sale 0.00 0.00 0.00 0.36 0.00
Accrued litigation 0.21 0.00 0.00 0.00 4.83
Operating lease liabilities, current 0.10 0.11 0.17 0.20 0.15
Finance lease liabilities, current 0.00 0.00 0.00 0.00 0.00
Contingent consideration 0.07 0.00 0.00 0.00 0.00
Derivative instruments 0.02 0.08 0.05 0.07 0.03
Other 0.01 0.07 0.25 0.90 0.19
Other current liabilities 0.41% 0.26% 0.47% 1.17% 5.20%
Current liabilities 12.60% 12.58% 9.80% 11.92% 17.54%
Accrued solar module collection and recycling liability 1.30 1.55 1.88 1.84 1.83
Long-term debt, noncurrent portion 4.48 2.23 3.18 3.34 6.04
Deferred revenue 15.36 11.45 1.29 0.63 0.95
Operating lease liabilities, noncurrent 0.35 0.49 1.97 2.66 1.50
Finance lease liabilities, noncurrent 0.16 0.00 0.00 0.00 0.00
Deferred tax liabilities, net 0.41 0.35 0.37 0.33 0.09
Other taxes payable 0.38 0.16 0.00 0.00 0.00
Product warranty liability 0.19 0.28 0.53 1.02 1.46
Transition tax liability 0.00 0.00 0.00 0.00 0.93
Contingent consideration 0.11 0.00 0.00 0.00 0.06
Other 0.14 0.17 0.59 0.59 1.79
Other liabilities 1.74% 1.45% 3.46% 4.60% 5.82%
Noncurrent liabilities 22.88% 16.69% 9.81% 10.42% 14.65%
Total liabilities 35.48% 29.27% 19.61% 22.34% 32.18%
Common stock, $0.001 par value per share 0.00 0.00 0.00 0.00 0.00
Additional paid-in capital 27.89 34.99 38.73 40.33 37.91
Accumulated earnings 38.31 38.06 42.95 38.20 30.96
Accumulated other comprehensive loss -1.68 -2.32 -1.30 -0.87 -1.06
Stockholders’ equity 64.52% 70.73% 80.39% 77.66% 67.82%
Total liabilities and stockholders’ equity 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 liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. First Solar Inc. current liabilities as a percentage of total liabilities and stockholders’ equity increased from 2021 to 2022 and from 2022 to 2023.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. First Solar Inc. noncurrent liabilities as a percentage of total liabilities and stockholders’ equity increased from 2021 to 2022 and from 2022 to 2023.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. First Solar Inc. total liabilities as a percentage of total liabilities and stockholders’ equity increased from 2021 to 2022 and from 2022 to 2023.
Stockholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. First Solar Inc. stockholders’ equity as a percentage of total liabilities and stockholders’ equity decreased from 2021 to 2022 and from 2022 to 2023.