Stock Analysis on Net
Stock Analysis on Net

First Solar Inc. (NASDAQ:FSLR)

$24.99

Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

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First Solar Inc., consolidated balance sheet: assets

US$ in thousands

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Cash and cash equivalents
Marketable securities
Accounts receivable trade, net
Government grants receivable, net
Inventories
Project assets
Assets held for sale
Spare maintenance materials and parts
Indirect tax receivables
Prepaid expenses
Operating supplies
Insurance receivable for accrued litigation
Restricted cash
Prepaid income taxes
Derivative instruments
Notes receivable, net
Other
Other current assets
Current assets
Property, plant and equipment, net
Finance lease assets
Property, plant and equipment, net, including finance lease assets
Deferred tax assets, net
Restricted marketable securities
Government grants receivable
Goodwill
Intangible assets, net
Inventories
Advanced payments for raw materials
Operating lease assets
Income tax receivables
Project assets
Prepaid expenses
Restricted cash equivalents
Restricted cash
Other
Other assets
Noncurrent assets
Total assets

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).

Assets: Selected Items

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 increased from 2021 to 2022 and 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 increased from 2021 to 2022 and 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 increased from 2021 to 2022 and from 2022 to 2023.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. First Solar Inc. total assets increased from 2021 to 2022 and from 2022 to 2023.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. First Solar Inc. cash and cash equivalents increased from 2021 to 2022 and from 2022 to 2023.
Marketable securities Amount of investment in marketable security, classified as current. First Solar Inc. marketable securities increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Accounts receivable trade, net Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. First Solar Inc. accounts receivable trade, net decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. First Solar Inc. inventories decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.